I know you don’t want to hear it. I know you want to slap me through the computer but I’m going to have to play dad and tell you what you don’t want to hear. You are wasting money and you need to cut it out, and wipe that smirk off your face.
Even though you have make great strides in the right direction, you could still be doing better. We can always do better, that is what makes us human, our drive to improve. You may not think those harmless little purchases have any effect on your future but they do. Savings are what enable investments and growth. See my other article on the 50/30/20 rule. You want to get there? Read below.
Check this out, pay attention to the bold font
You spend 3 dollars on coffee every morning, that is 1,095 each year.
You spend 20 dollars on eating out every day, that is 7,300 each year.
You spend 6 dollars on cigarets every two days, that is 1,092 each year.
You spend 2 dollars on a Dr. Pepper every day, that is 730 each year.
You spend 5 dollars on uncanceled subscriptions every day, 1,825 each year.
You leave lights and TV on and waste 1 dollar of electricity each day, 365 each year.
Total= 12,407 dollars.
I could keep on going. You get the idea. “Rich people get rich by living like they are broke, and broke people stay broke by living like they are rich”. Every dollar matters. Are you saving to start up that business idea you have been planning? You saving to invest in some stocks? Well do better! There is always something you can cut back on. You don’t need to live like those people on TV who pay for meals in change, but you can save much more by being mindful. There is a fine line, you do need to enjoy life; my point is cut back on what you can deal with cutting back on, it makes a major difference.
Below if you click on the box you can find a financial planner. It helps me to write everything down so I can really see how my budget and finances play out and effect each other. Click the box to get yourself a cheap notebook to keep all you finances in order!
If there is something you would like me to post about comment below. Click the above boxed if you will! Thanks for reading!