Three things you should never cheap out on: A Bike in one of them

Being cheap means always paying the lowest price for everything. Being frugal means spending enough money to get your money’s worth. Don’t be cheap; be frugal.

 

2. A Bike

More and more cities are becoming bike-friendly. If you have good bike infrastructure in your city, commuting to work via bike or at least doing some of your errands on a bike can save you money. Plus, it’s good for your health and good for the environment.

According to a 2015 AAA study, it cost $8,698 a year for the average sedan owner. You can certainly get a bike for less than that but if you are going to be biking a lot, you want a quality two-wheeler that is comfortable and reliable. While you can certainly spend much more, you can get a good commuter bike for as little as $300 or $400 according to bicycling.com. Any lower than that and you may have the same problems you encounter when you buy a cheap car: constant repairs. (If you can avoid paying to having your bike tuned up by becoming a “DIY” expert, you can save even more.)

If you’re able to give up your car, that’s a big savings, more than $8,000 a year. But even if you keep the car and use the bike more often, you can save on things like gas, parking and wear and tear on your car.

If you’re new to bike commuting, don’t buy your bike online or from a big box store. Go to a proper bike shop where the staff are knowledgeable and can help you not only pick the best bike for the circumstances of your commute but advise you on the accessories you need: a helmet, lights, and a lock to keep you and your bike safe.

 

Read more at csmonitor.com