How Much Do Your Money Habits Cost You?
Everybody has habits, right? There are good habits, and bad habits, and everything in between. The question of the day is: How much do your habits cost you? Nah, I don’t want you to quit everything to save money – that’s not what this article is about. Instead, just ask yourself what your habits (good and bad) are and how much they run you each month. For example: I’m a coffee fanatic. I stopped getting lattes a long time ago because I was spending over $30 a week on them, not counting gas. I didn’t want to give up the coffee though, so now I spend about $15 a week on good coffee and creamer. Total Savings: $720 a year. Wow! It adds up fast doesn’t it? In case you’re wondering about the math there: $30 a week x 4 weeks per month = $120 a month $120 a month x 12 months = $1440 a year. By cutting my weekly expense in half, I saved $720 a year. I’ll warn you though; playing the habit game is habit forming! Once I realized how much I was saving by making small compromises (not doing without, just