BBC Money have recently started a series of blogs etc, in which young people share what they're spending etc. This is the latest blog:
My Money: 'BOOM, suddenly £14.99 less rich!'
https://www.bbc.com/news/business-49971120?Their Facebook group is also very active. Looking at their posts from a Mustachian POV is providing me with endless hours of head shaking...
The Facebook group is closed (
https://www.facebook.com/groups/356456095066994/?) but I am on it and the latest comment to frustrate me was:
"I'm looking at good ways to start saving and how to obtain reasonable finance on a new car (I currently travel 400miles a week to get to work and back and commuting which is costing £280 per month I fuel so I need something more economical and reliable to reduce my monthly outgoings) Any advice will be appreciated."
This was followed up by:
"Public transport will cost the same per month as fuel.... already looked at that option. Moving nearer isn't an option either as we have a very close family which we wouldn't see as much if we moved 30 miles away"
I told him to either a) consider the other costs of car ownership/financing and factor those into his assessment of whether transit could save him money b) get a job closer to home or c) move closer to his job.
(Note, this case is in the UK so living 30 miles away from family is a huge distance in their minds. Here in Canada, it's peanuts!)