I have to say that I've always been pretty good with
money. Sometimes I call myself a "money hoarder" because I go through
times where ALL I do is save (after my "fixed expenses" are taken
care of).
Whatever you may want to call it--- cheap, frugal--- Saving
is something that I consider to be
I want to start a series entitled “Money Mondays” on the
blog where I’ll share tips and tricks on personal finance. Sometimes the topic may
seem like common sense—or friendly reminders on stuff you may have already
heard before. Other times, I’ll share something new all of which you can start
to implement in your daily lives for a more financially secured future.
I shall start off by sharing with you guys a simple adjustment I made to my routine since the
beginning of the year and which has been saving me quite a bit of change so
far.
I present you with this:
My dear mother gifted me the above pictured thermo/ insulated
coffee mug sometime in mid-January. This was so perfect as I was getting kinda’
tired of handing over my money to the corner coffee guy every.single.day. So
far this “investment” (as per mother, she paid $5 for it) has saved me over
$100 since the beginning of the year. Talk
about a nice chunk of change! I suppose I could subtract how much I’ve paid for
my supermarket coffee and milk from said 'savings' but, you get the idea! *I am sure you can find a fancier or ‘nicer’
mug somewhere in the cyber world. After all, this will be an investment but for
now this little thing has been perfect for me.
When I first started working in downtown Manhattan
(November of 2011) I got in to this habit of buying coffee every morning. I
have never been the type to buy fancy $5 coffees at Starbucks but something
warm and with a bit (or a lot) of caffeine has been necessary to start my day. I
would usually stick with the plain and regular cafe with milk which would cost
me $1.95 per day (imagine how much YOU would save if you have a Starbucks habit).
Eliminating coffee from my daily routine was not an
option so, I simply decided to find an alternative by bringing it from home and
I’ve been able to make it work!
Let’s
look at some numbers:
*Started:
January 15
Today's
date: April 8
Approximate
amount of work days so far: 60
Total
I would have spent of coffee per day: $1.95
Total
Saved: $107 (and counting)
************************************
*The
'Starbucks' or 'Fancy Coffee' habit edition
Average
Starbucks cup of Joe: $4.05
Work
days: 60
Total
Saved: $243!!
*Try
it yourself! Insert how much you've spent on a cup of coffee (tea, breakfast?) Since January 2013 instead of bringing that
from home!!
Now,
I am not going to tell you to go buy a new purse or new shoes with the money
you are saving. I am going to advise you to put that in your savings account
(or preferably investment account) and see it grow. Maybe start funding a Roth
IRA?
Anyway,
I’m excited about this new series! Hope you liked this post! My goal is to
share some good tips in relation to personal finance either every Monday or
every other Monday depending on whether I have something new to share. Thanks
for reading!
Question: In which ways do you try to save money? Any
personal finance questions/topics you’d like to see featured on the blog? Let
me know. I am here to serve!
Thanks for sharing this post! It's extremely important that people pay special attention to their finances, especially in a tough economy. Fortunately there are ways to get money fast. Some cash out an annuity to receive the money they need.
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