A good new year’s resolution for a frugal pilot is to determine how much his or her flying habit REALLY costs.
No, not the number that you tell your significant-other (or the tax collector), the actual costs of owning or renting and flying an airplane. Calculating those costs annually is a good way to discover whether you’re getting the most for each dollar you spend on flying.
Knowing the numbers doesn’t mean that you’re going to dramatically cut back — in fact, it may mean you spend more on some expenses.
However, it does mean that you are focusing on value. Remember, a frugal pilot isn’t cheap. She or he seeks value, safety, and fun. [Read more…]