Do you stop for coffee every morning before work?
How bout a quick breakfast run, complete with sandwich or a few drinks for the rest of the day to sip on?
Have you every considered just how that is going to ruin or wreck your budget?
Chances are you haven’t, and that’s because you don’t equate a bottle of water, breakfast or something that simple to the reason why you aren’t able to save money.
Then again, maybe you should.
The fact remains is that we tend to forget about spending that is done outside of the realm of a budget and purchases that aren’t tied to things like cars, houses, utility bills or insurance, for example.
Think realistically about stopping every morning for a routine that includes a cup of coffee, two bottled waters and maybe a granola bar and pack of cigarettes every day. What seems like something that is totally harmless actually is going to cost you roughly 15 dollars per day, which is more than $5,000 per year. Now granted, you might argue that you don’t do it every day or that part of that incidental spending isn’t really going to make that much of a difference. Even if you cut that habit in half, you’re still spending close to $3,000 per year for drinks and cigarettes.
And if that isn’t bad enough, you have to consider eating out at restaurants, more specifically that lunch break that doesn’t include a brown bagged lunch from the grocery store food you already have at home but instead spending $10 or more on lunch daily or at least three to four days per week.
Once again, much like the coffee and water debate, just lunch three times per week at ten bucks a pop is going to cost you $120 per month or close to $1,500 in one year. That amount is just for one meal per day and not even every day but rather just a handful of times per week. Imagine if you include dinner out to eat in that list as well. That’s why meal prep is so paramount to saving money because you won’t be tempted to either eat out during the day or be too tired after work to start a home cooked meal and instead rely on pricey take out to get you from one dinner to the next.
The truth is that any spending needs to be counted for, even if it isn’t necessarily a large scale, higher end purchase.
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