If I told you that you could save an additional $3,200 this year with a few simple changes, would you make the changes? Often the small daily expenses add up to large sums over time. You won’t even feel most of these changes.
A few changes you can make during the workweek to help boost your savings are:
- Making coffee at home versus purchasing coffee:
Average cost of a cup of coffee purchased $1.56
Average cost of a cup of coffee made at home $.17
Savings = $ 1.39 per day x 5 day workweek = $6.95/week
or $340.55 a year (49 weeks, 3 weeks for holidays and vacation days)
- Buying a newspaper versus reading the news online:
Average daily newspaper $1.50
Average cost reading online $ 0
Savings = $1.50 per day x 5 day workweek = $7.50/week
or $367.50 a year (49 weeks)
- Buying lunch versus bringing lunch:
Average daily cost of lunch $8.00
Average cost of bringing lunch $2.84
Savings = $5.16 per day x 5 day workweek = $25.80/week
or $1,264.20 a year (49 weeks)
- Buying snacks versus bringing snacks:
Average daily cost of buying snacks $1.75
Average cost of bringing snacks $ .15
Savings = $1.60 per day x 5 day workweek = $8.00/week
or $392.00 a year (49 weeks)
- Running at the gym versus running outdoors:
Average daily cost of running at the gym $1.83
Average cost of running outdoors $ 0
Savings = $1.83 per day x 5 day workweek = $9.15/week
or $448.35 a year (49 weeks)
- Lowering your thermostat 3 degrees:
You can save around 3% per each degree you lower your heat or raise your air conditioner thermostat. (If your annual heating and air conditioning costs are $3,000 per year, that equates to a savings of $270 per year.
- Slowing down when driving:
Just driving 10 miles per hour slower can save you between 7 and 23% on fuel and that could equate to a savings of $.21 to $.71 per gallon. Annual savings on the low end if you drive 12,000 miles per and you average 20 miles per gallon = $126 per year. On the high end you could save $426 per year.
These simple changes can add to $3,208.60 on the low end and up to $3,508.60 on the high end! You can benefit now by giving up just a little bit each day. It won’t be long before you don’t even realize you have made the changes, but you will see the changes in your bank account.