Cascade Failure said:
Cost opportunity can be a b!t@h...
Start with the total cost of purchasing the fuels you are considering using. Then you have to factor in...everything. Price of saw, oil, gas, time away from work, taxes and fees, enjoyment (good luck pricing that), exercise (again, good luck), comfort from one type of fuel compared to another (show me a formula), convenience (formula...?) ... The above will NOT be the same for all of us.
Crunch YOUR numbers and use whatever fuel you want. I can purchase wood cheaper than cutting it myself when I factor everything else equally. The bottom line for me is that I like the feeling of independance of doing it for myself.
Right now, I bill out at $155 an hour. So, if I have work coming out my ears all year long, then it does not make monetary sense for me to cut the wood myself. With that said, I usually have free time after April 15th, and that is when the chores start to get done like fixing the car, home repairs/improvements, getting ready for hunting season, reloading, etc. Thing is, I don't really consider most of those chores. Like you, I like being independent. Hardly ever take my bikes, vehicles, equipment, etc. to anybody to have them repaired. In fact, I am thinking about putting in a 40x40 two story addition with 4 garage doors on the basement portion and a vehicle lift.
I enjoy cutting wood with my dad, and hope it will be the same with my kids once they are old enough.
As long as I don't have legal/CPA work to do, cutting, cplitting, and stacking wood makes financial sense. I already crunched those numbers. It will also be nice to heat the house to 75 degrees and not be scared to walk out to the mailbox and get the utility bill.