SAVINGS TIP: Skip your daily coffee and muffins and take your family to the beach

Save $1250 by skipping daily cofffee and muffins

( – You don’t necessary have to get a raise or win the lottery to get youself out of debt. By just tweaking your some “extras” from your lifestyle, as well as cutting out bad habits, you’d be amazed at how much “found money” you could earmark toward your stack of bills.

Ok, so to save $150k …

$12500 / month for 12 months (1 year)
$6240 / month for 24 months (2 years)
$2500 / month for 60 months (5 years)
$1250 / month for 120 months (10 years)

Here are some ways to get started. For example:

* CUT OUT THE LATTES: Bring your own home brewed coffee to work. You’ve probably already heard of the “latte factor”. Simply put, the “latte factor” says that by cutting out simple daily extras, such as a latte and muffin on the way to work, you can save considerably. The average price of a latte and muffin is about $5. Multiply that by five (for a working week) and it’s $25 a week just for coffee and a muffin. Then, multiply $25 x 50 working weeks (assuming you take a 2-week vacation) a year, and you’re spending $1250 a year. Or, even if you just went for the latte (at $2), you’d be spending $500 a year just for your morning coffee!

BROWN BAG IT: Let’s say you eat out for lunch each day. If you pay about only about $5.00 for an average fast food lunch, you’re still spending $25 a week, multiplied by 4 weeks is about $100 a month just eating out for lunch. That’s $1200 a year. And, that doesn’t even include eating out expenses with your family on the weekend or week day dinners out, as well as all those vacations, holidays and special occasions.


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