Okay, a taxi is (sometimes) faster, (sometimes) cleaner, and (sometimes) safer than the subway, but a cab is never more economical. If you commute to work from the Upper West Side to midtown, say, you’ll spend around $12 each way (including tip) or $24 per day. Multiply that by 250 or so work days a year, and your annual transportation outlay—without a single weekend ride—comes to $6,000. At $2 per ride twice a day, the subway will set you back just $4 per day, or $1,000 per year. That’s a $5,000 savings. The next time you’re tempted to hop a cab, try whispering this to yourself: Prosperity now.
Annual Savings: $5,000
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