With back-to-school-sales in full zenith, you know that Terrible Traffic Tuesday can't be far away.
Not familiar with Terrible Traffic Tuesday? In urban areas like Washington, D.C., where I live, that's what AAA calls the Tuesday after Labor Day.
With people on vacation and the kids out of school, the summer months lull commuters and suburbanites into thinking that maybe traffic really isn't that bad after all; maybe roadways are actually getting less crowded. Guess again.
Then comes Terrible Traffic Tuesday, when everyone is finally back at work and the kids are back in school. That's when we realize that, if anything, the roads are even more congested than they were last year on Terrible Traffic Tuesday. That's when we should also stop and think for a minute about the high costs -- economic, environmental and diminished quality of life -- of the car-based culture we've created for ourselves here in the U.S. and could just as well chose to change.
With the average car now costing close to $9,000 per year to own and operate, the average American is spending more than one day every week just to earn the money to pay of that car, which is primarily used to get to and from their job ... which they need ... to pay for their car. The average American commutes about 16 miles each way to his/her job, and in the process in urban areas spends more than 40 hours every year sitting absolutely motionless in traffic (upside: Plenty of quality time to think about all of this).
If you lived close enough to your job to walk to work and used your car only for non-commuting purposes, over the course of a 40-year career, you could take what you saved and have a nice little nest egg of more than $500,000 at retirement (including compounded interest at 5% annually).
Rather than just complaining about the horrendous traffic on Terrible Traffic Tuesday, let's go the extra mile, so to speak, and start doing something about it.
Here's what you can do:
Jeff Yeager is the author of the book The Ultimate Cheapskate's Road Map to True Riches. His website is www.UltimateCheapskate.com.
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