After a recent snowstorm in my neck of the tundra, many comments were heard. People were commenting how much they enjoyed the luxury of keeping nice and warm inside and not having to go out for snow removal duty, because they had hired someone to come and plow their driveway.
At least they got that part right, luxury indeed. I know this service runs around $500-$600 a season. The alternative is to remove the white stuff yourself. You can do this in two ways: manpower, or horsepower, as in the horsepower in your snow blower. The great news is manpower is free. However I must admit that even I, The Fake Cheap, do not use simple manpower for this job. Have you ever shoveled 30 cms (that is about a foot for you Americans) of snow? This is truly backbreaking, hard work. It would take me about 2 hours of work to clear our double wide drive way to make enough room for us to easily get in and out of our cars. I usually break it into 2 sessions, when I manually chuck the white stuff. It is too much for this fit 30 something male to handle in one shot. Hence, I made a very, very wise investment a few years ago. I bought a snow blower. A used snow blower at that,for the mere price of $200. I was hoping at the time (way before I became The Fake Cheap) that I would get a winter or two out of it before I had to buy a new one. Well I have news for you, I still have that same snowblower…7 years later!!! I have been clearing my driveway for less than $50 a year (including gas for the snowblower about $10-$20 per year) and these other suckers are paying $500 a year, or about 10 times as much! You could also look at it this way, I would say in an average winter I snow blow 6 times, so I pay myself about $80 each time! Add in the fact that this is after tax money, and the $500 spent on plot service is really more like $800! INSANE!!!!
After just 10 years of saving $450 per year, and having that money wisely invested returning 6%, I would have over $6,200!!!! See how easy saving for retirement is?
How do most people handle snow in your area? Make sure you’re hard earned money isn’t going up in snow!