The way you calculate it above is an odd way to look at it; sure you save 1.5 hours a day - but you certainly aren't getting paid for those hours. And chances a

The way you calculate it above is an odd way to look at it; sure you save 1.5 hours a day - but you certainly aren't getting paid for those hours. And chances are you won't be doing side work that will pay you that $110/day with your free 1.5 hours. The value is increased freedom. The OP has to decide what value that has to him - assigning it an arbitrary number based on what a person earns per hour is silly. Your second point was much more valid -- if you can live in a much more inexpensive way, that's a benefit you can put an actual # on.