Devin Thorpe, founder of the Your Mark on the World Center, calls himself a champion of social good. He writes about, advocates for and advises those who are doing good. He travels extensively to share his message as a keynote speaker, emcee and trainer. As a Forbes Contributor he covers social entrepreneurship and impact investing. His books on personal finance and crowdfunding draw on his entrepreneurial finance experience as an investment banker, CFO, treasurer, and mortgage broker helping people use financial resources to do good. Previously he worked on the U.S. Senate Banking committee staff and earned an MBA at Cornell.

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My new job is 40 miles from my home; Should I move closer to work?

Anyone who has moved a family recently can tell you they hope never to do it again. Memories fade, however, and many do it over and over again. If you land a new job that is, say, 40 miles away, it may be tempting to move closer to work. Here are some considerations to help you decide:

  1. Rent or own?If you are renting your current residence, the cost of moving is much smaller, and the opportunity to save enough to pay for the move is much more likely. If you own your home, it could take decades to save enough in transportation costs to pay for the move.
  2. Car or train?If you will have to drive to your new job every day, the costs of the commute will add up more quickly than if you can take the bus or train most or all of the way.

This article was first published at FamilyHow.com; to read the entire article, click here.  It is also included in my latest book 925 Ideas to Help You Save Money, Get Out of Debt and Retire A Millionaire So You Can Leave Your Mark on the Worldavailable for free at Smashwords or for $0.99 at Amazon.

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