Ch. 02: Daily Spending

Ch. 02:
Daily Spending


People are amazed to see how much they spend per week when they add up their day to day spending. If you’re like most people, you enjoy that trip to the coffee shop every morning or lunch out with friends. Instead of that $4 latte at Starbucks, try brewing coffee at home and bringing it to work in a travel mug. You’ll save tons of money this way and have an entire pot of coffee for about one-third of the cost of one cup, maybe even less! Skip the fast food lunches and bring in a sandwich, some chips, and a cup of yogurt to work for lunch. Not only will you eat healthier, but you will also find that you’re saving about fifty dollars per week in lunches!

For many people, it’s the splurges in life that can break the bank. Going out to the bar with friends or having a steak dinner can be fun, but it can also be quite expensive. Instead, invite friends over and have some food on the grill. Get everyone to bring in their own beer and other beverages. You will have just as much fun with close friends without spending a pretty penny on a dinner check, bar, tab, and tips.

The movies can be a good time, too, but they can also be a bit expensive, especially when you add in drinks and popcorn. Today’s technology allows you to watch new releases on demand or over the Internet for much less than a theater ticket. An added bonus: you can pause and use the restroom without missing a thing!

Groceries can add up fast, especially for people with children. There are lots of ways you can cut spending in this aspect of daily life. Clip coupons and look for buy one get one free or half off sales at your local grocery store or mass merchandiser. Coupons are literally like having cash in hand, so it makes sense to use them as often as possible. Make grocery lists and only buy the things you need for that particular week. Wholesale clubs can be a real money saver for families who need to buy large quantities of items in bulk. Things like paper towels, shampoo, and peanut butter can all be bought in larger quantities at a discounted price. Dollar stores are also a great place to buy things like cleaning supplies, toothbrushes, and other small household items without paying full price.