Originally posted by HondaNut!
You should change the oil and filter at least every 3000 miles...a can of chain lube will cost you maybe $10 and last a year as it should be done every 500 miles or when you get the chain wet.
IMHO, 3,000 mile oil changes is 'old school' (after break-in). Sure you may have used to do so, but oil has come a long way over the years. If we're still clinging to old school rules...well, anybody makin' a profit selling you oil ain't gonna inform you otherwise.
I run Mobil 1 in all vehicles (been doing so since '76), and on my Concours, I change every 5,000 miles if I feel like it. If not, I catch it at 10,000. When Mobil 1 came out, they had '25,000 miles between oil changes' stamped on the bottle front. From what I understand, they dropped this claim to avoid any problems with OEM folks and their recommended oil change intervals. I figure if it's good enough for Mobil to originally claim 25,000 miles between changes, it ought to handle 10,000 on a bike with no problems. BTW, I'm too cheap to pay $8/quart for the 'motorcycle specific' Mobil 1. If you're worried about additives removed with the new energy conserving oils, run 15W-50 Mobil 1 (my last was $17.95/5 quart jug at WalMart).
Besides...by not chaging oil more often than necessary, you:
1. Save money/time/aggravation
2. Help the environment
3. Don't pad the pockets of oil companies/middle eastern countries!
As far as chain lube, if you have a good X/O-ring chain, I'm thinking 300 to 500 mile lubes may be old school also. I remember reading an article in one of the motomags years ago (not long after O-ring chains became popular on street bikes) where the author quizzed a rep for a major chain manufacturer about chain lube. He wondered if the big selling point for X/O ring chains was the lube was already in the chain (sealed behind the O-rings), why are folks still being told to lube 'em? Are you really gonna get anything past the O-rings to the vital lube points? (been wondering 'bout this myself). The rep finally told him all you really need to lube a chain for is to prevent rust (said you could hit it with something like WD-40, if I recall).
YMMV, but unless my chain gets wet, I don't worry 'bout lubing it too much. Only have 4,500 miles on the 6R (first chain bike I've had in a while), but on my old '85 600 Ninja, I replaced the chain at 25,000 miles as preventive maintenance. The mechainic told me it looked like it could go another 25,000. If so, I won't be replacing the one on my 6R as quickly.
Since you're on a tight budget, mebbe this will give you a few things to think about while looking for ways to save money!