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Okay I figured yall are the best people to ask with all the calculations and whatnot. Here’s the story.
Please dont comment If you dont have anything beneficial to say
I do a consignment sale in another part of the city that is exactly 20 miles away.My husband argues that I waste too much money driving to and from this place. I always make at least $250 for this reference.
Theoretically, if I was to pay him for the gas I use to get to and from this place, how much would that be?
I know I can look at the exact miles that are left and then fill it back up to where it was but I want to understand the cost of doing that.
ShayIt depends on the mileage the vehicle gets. Larger vehicles, like trucks, tend to get fewer miles per gallon than smaller cars, like sedans.
You can look up the average miles per gallon for this specific model of vehicle, then do the math to figure out how many gallons it takes to go 40 miles.
Multiply that by the cost per gallon of gas in your area, and that’s how much you owe.
Whatever it is, it’s definitely less than $250!
CarolynI use to do the same thing but it was 46 miles each way. I was the one asking myself if it was worth it and was about to stop but my husband was like if you like doing it then it’s worth doing it.
(I know that’s not very frugal advice). But I did recognize I really did enjoy and was making a profit still.
I’m still mad cuz they stopped having them during Covid times and never resumed
IlaI think that is his way of saying he doesn’t like you spending time and energy on the consignment sale.
PhillipsYou under $30 in gas so it’s completely ridiculous that your husband is auguring this point.
You’re profiting $220 and to make this at $15 a hour you have to work roughly 14 hours!!!
He gotta be mad about something else.
TammyIs the$250 before or after the other expenses? (Like for the building you’re at.. utilities…etc). Add that plus your weekly gas cost then subtract all that to get your profit.
Divide that by the number of hours you’re at work to see what you are making hourly.
If you go five days a week and work eight hours a day and that $250 is daily then profits seem good.
If $250 is weekly then it is not worth it
MeganWe have a gas guzzler and average 15 miles per gallon, so it would take us just over 2.5 gallons round trip.
The most expensive gas here is $3.25/ gallon, so it would cost about $8 total.
My husband’s last commuter car hot amazing gas milage and it would have cost about $3.25
LindaFederal mileage reimbursement rate is 70 cents a gallon… so you’re looking at $28 for 40 miles
LindaWell if your car gets 20 miles per gallon of gas then you are using 2 gallon round trip.
So, whatever you are paying per gallon of gas times that by two and that’s approximately what it’s costing.
TommyWhy do you find the need to pay your husband for gas? Aren’t expenses shared?
It’s an honest question… because I’m not married.
DarlaA. You can use the federal rate of reimbursement which is $.70/mile. This will result in a lower profit margin because it takes in account wear and tear on the vehicle.
B. You can track the average mpg in your car
Total miles driven roundtrip to the consignment event/average mpg = the number of gallons you actually useThen multiply by the cost of a gallon of gas in your area. This method does not take into consideration wear and tear on the vehicle.
Either way you calculate it, you still profit and your ROI is becomes your hourly wage.If it’s less than what you would earn in a hourly job where you clock in, your husband ‘might’ suggest that your time is better spent elsewhere. Purely from a math perspective.
My opinion is that if you enjoy what you are doing, then that can be priceless
Side note: IF your husband works a job, then he needs to calculate his mileage, too, and by the number of days he goes to work.
My husband works from home, so I would have to charge him for utility consumption and wear and tear on the carpet.
For your sake, I hope that the $6-$28 you spend on fuel ends the discussion. I think you’re doing awesome!
StephanieLook up company mileage reimbursement in your area. It covers, in theory, gas, insurance, and repairs per mile.
Years ago I was paid 55¢/mile for travel.
I’m sure it’s closer to a dollar per mile now.
KristieAre you making multiple trips per sale? Be sure to add that in.
At $250 per sale it does look like you’d have to make several trips to eat into your profit in a significant wayBarbaraEven if the car only gets 20 mpg, you only owe him like seven dollars…depending of course on where you live and prices and car mileage
TommyHow many miles per gallon does your car get? So, take 40 miles divide by your mpg. Then multiply that by how much a gallon of gas cost.
For example if your car gets 25mpg. 40 miles÷25mpg=1.6 gallons.
So, your round trip uses 1.6 gallons. If gas is $3 then 1.6 gallons x $3= $4.80.
The round trip cost you $4.80 in gas.
Michele40 miles round trip is probably $10 bucks in gas . Enjoy your hobby making extra money and stop at afew thrift stores in your way ti make ti trip worth while .
Maybe even afew discount stores for deals
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