Monday, 17 July 2017

Save Money By Cutting Down On Spending Habits

I Cut 5 Unnecessary Spending Habits

It is surprising just how much money we can save buy making a few changes to our spending habit.  Here is the first one:


1. I stopped buying coffee every morning.

I’m a self-proclaimed coffee junkie. I love the smell of freshly ground beans, the first hot sip of french roast on a blustery winter day, the icy jolt from a tall glass of cold brew. I also love the ritual of stopping at a coffee shop on my way to work. It feels like a special treat, just for me, before diving into the hurried tasks of my day. Oh, and I’m a mom to an nine-month-old for whom sleep is optional, so there’s that.

However, the cost of each barista visit adds up quickly. I realized that I was easily spending around $2-6 a day. On a beverage! If you do the basic math, that is something like $500-1500 a year. Considering that is the cost of a super sweet vacation, I challenged myself to stop buying coffee for 30 days and simply make it at home.

The first week sucked. I longingly stared out the window at my favorite cafe every time I drove past, and then took a sip out of my to-go mug of coffee made at home, which was…fine. It still got the job done; I mostly experienced the natural lows that occur from being disciplined (sigh) instead of spontaneous (yay!). Instead, I saved coffee purchases for meetings or dates with other people—moments when I could linger, chat, and truly enjoy my beverage with great company. This resulted in many upsides, such as a reduced caffeine reliance, more money in my pocket, and a better appreciation for treat yo’ self days. (Hint: it’s not a treat when you get it every day!)
Monthly savings: $60-180



 
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