From a pure numbers perspective, if you work 40 hours/week and commute 3.5 unpaid hours/day, then dropping the commute and taking a 50% pay cut results in only a 28% hourly pay cut and an extra 17.5 hours in your week.

And let’s not forget the gas and car maintenance savings. I reduced my annual driving by about 4,000 miles. My car will also not have to be replaced as soon. I’m also eating cheaper because I’m more likely to make my own lunch rather than eating out. I’m sure there are more expenses like this that add up.

If I could make the finances work, I think I’d take that deal. (I’d be unlikely to sign up for that commute in the first place.)