Friday, October 19, 2007

10 LITTLE expenses that add up fast

Do you wonder where your money goes, especially if you're not a big spender? It's surprisingly easy to blow thousands, a few dollars at a time. It's easy to fritter away money on little daily expenses. If you fall into these money traps, learn to avoid them and pocket the savings.
Coffee: According to the National Coffee Association, the average price for a cup of brewed coffee is $1.38. There are roughly 260 weekdays per year, so buying one coffee every weekday morning costs almost $360 per year.
Cigarettes: The Campaign for Tobacco-Free Kids reports that the average price for a pack of cigarettes in the United States is $4.54. Pack-a-day smokers fork out $1,650 a year. Weekend smoker? Buying a pack once a week adds up, too: $236.
Alcohol: Drink prices vary based on the location. But assuming an average of $5 per beer including tip, buying two beers per day adds up to $3,650 per year. Figure twice that for two mixed drinks a day at the local bar. That's not chump change.
Bottled water from convenience stores: A 20-ounce bottle of Aquafina bottled water costs about $1. One bottle of water per day costs $365 per year. It costs the environment plenty, too.
Manicures: The Day Spa Magazine Price Survey of 2004 found that the average cost of a manicure is $20.53. A weekly manicure sets you back about $1,068 per year.
Car washes: The average cost for a basic auto detailing package is $58, according to Costhelper.com. The tab for getting your car detailed every two months: $348 per year.
Weekday lunches out: $9 will generally cover a decent lunch most workdays. If you buy, rather than pack, a lunch five days a week for one year, you shell out about $2,340 a year.
Vending-machines snacks: The average vending machine snack costs $1. Buy a pack of cookies every afternoon at work and pay $260 per year.

1 comment:

Jeffrey Nunley, CMP,CMPS said...

What a great eye opener. David Bach, Author of "Smart Couples Finish Rich" and "The Automatic Millioniare" refers to this as your "Latte Factor". That is, what things in my life could I go without in order to secure my future? It's amazing to see lists like these and realize just how much money we could have if we only showed a little more discipline. GREAT WORK!