However, over time, small decreases in spending, as well as wise investments, can help you save a significant amount of money.
If you save just a dollar a day, you’ll have $365 extra at the end of the year to spend on clothing, meals during a vacation, or donate to charity.
Here are a few small but significant ways you can cut back on spending without sacrificing your quality of life or the things you love to stay financially healthy for a long run.
Eliminate Impulse Purchases
The $1 section at your local store may seem tempting every time you walk in – after all, who wouldn’t need a felt, flower petal headband at the start of spring?
Let’s say you purchase $5 worth of items from this section at each visit to this store, and you go to this store once a week.
At the end of the year, you will have spent $260 of your hard-earned money on items that will likely just get lost in a drawer or at the back of your closet.
If you make $15 per hour at your job, you’ve just spent over 17 hours worth of work on forgettable items.
It’s okay to purchase the small, cute item every once-in-a-while, but be mindful of how much these items are really costing you.
Invest in Electronic Cigarettes
If you’re a regular or social smoker, investing in Ecigs can save you money in the long run.
Rather than having to purchase a few packs each week or month, invest in a vaporizer pen and e cigarette refills to cut down cost and waste.
Best of all, e cigarettes are cleaner than traditional cigarettes, and their scent is less intrusive to those around you. Visit 21stcenturysmoke.com for more information.
Cook at Home
Cooking at home not only saves a lot of money, but it also typically improves health, because you’ll likely eat fewer deep fat fried foods and eat smaller portions.
If you eat out just two meals a day at $5 each, you’ll have spent $3,650 on fast food in one calendar year.
Just $3 spent at the grocery store can buy you better quality food and nutrients your body needs.
Use that $3,650 toward a summer vacation instead.
What minor adjustments do you do to stay financially healthy?
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