Plugging The Money Drain Part Iv Incidentals

Plugging The Money Drain Part Iv Incidentals

Plugging the​ Money Drain,​ Part Iv - Incidentals
This article is​ the​ fourth and last one in​ the​ series of​ plugging the​ money drain article series .​
There were three articles before this article .​
You should also read the​ first three parts of​ this article series for learning more.
It is​ quite amazing how quickly the​ little things add up! Even a​ very modest $5 work lunch turns into $1,​250 a​ year on​ lunches! Buying one small bottle of​ water or​ vending machine soda a​ day will cost at​ least $250 a​ year,​ and coffees typically $750 .​
Are you sure you don’t want to​ pack your lunch and bring drinks from home or​ make them at​ the​ office? Perhaps bringing from home looks more attractive now that you realize giving them up for a​ year just might allow you to​ buy a​ hot tub or​ take a​ nice vacation!
The problem is,​ when we​ make these little purchases we​ rarely collect a​ receipt and review how much we​ are spending on​ them every month .​
It’s like having a​ fast leak in​ a​ faucet,​ only in​ this case you don’t hear it​ dripping .​
It is​ a​ good thing to​ know how you are spending every cent so you can make better decisions about money according to​ your personal wishes .​
If you like,​ start keeping a​ record of​ every purchase,​ large or​ tiny .​
But if​ you have yet to​ get around to​ doing that,​ you might also skip that step and go directly to​ putting yourself on​ a​ weekly budget for your spending cash .​
If you typically take out $100 at​ the​ beginning of​ the​ week and it​ disappears,​ try $50.. .​
and when the​ money is​ gone,​ it’s gone.
You’ll need to​ plan better,​ but it​ will make you think .​
You’ll catch yourself pausing before making a​ small purchase .​
The day before your work week you might do a​ little organization,​ and shop for whatever food and containers you will need .​
Soups,​ salads,​ sandwiches and leftovers are great staples for lunch .​
The average modern household spends more than half of​ its food budget eating out,​ and usually it​ isn’t even counted .​
To put it​ another way,​ if​ you are spending $200 a​ month on​ groceries,​ you might want to​ take a​ careful look to​ see if​ you are spending at​ least that much again eating away from home through purchasing coffees,​ lunches,​ restaurant meals,​ and carry-out .​
Food is​ the​ most common cash drain,​ but by no means the​ only one .​
If you are fighting clutter in​ your home,​ chances are good you are making a​ lot of​ other little purchases as​ well .​
Some purchase don’t cause clutter but spend your money just as​ quickly: cigarettes,​ alcohol,​ salon visits,​ etc .​
You might want to​ take a​ closer look at​ whether this is​ the​ way you want to​ spend your money .​
All of​ these habitual ways of​ spending our cash,​ have huge potential for savings .​
Cutting back even 20% can allow you to​ pay off some debts or​ make larger purchases that will have greater value to​ you.

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