This week’s fabulous comment comes from a reader named l_devere, who wisely pointed out that the value in driving far for cheap gas applies to other purchases.
This same thinking applies to grocery shopping and no one thinks to mention this (hint, hint BB). Just to start the car adds $$ to the cost of errands (I was told years ago it was ~$2.00/start). Does anyone truly save by buying meat at one store and dairy at another 3 miles away, and TP at a third, all because they’re “on sale”? The cost of your time, plus the wear and tear on your vehicle must ALWAYS be weighed when bargain hunting. Unless quality differs significantly, most of the time it is not worth it.
It’s easy to calculate vehicle wear and tear. AAA puts it at $.50 per mile. But calculating the value of your time is much harder. Do you base it on the hourly rate that you earn at work? Do you think about how busy you are? Do you weigh it against the value of doing something else with your time, say, spending time with your family?