Small Changes, Big Savings!

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.

 

https://www.bankofamerica.com/deposits/manage/money-saving-tips-infographic.go

http://www.iwillteachyoutoberich.com/blog/tip-2-turn-your-thermostat-down-3-degrees/?utm_referrer=http%3A%2F%2Fwww.bing.com%2Fsearch%3Fq%3Dhow%2520much%2520can%2520you%2520save%2520by%2520lowering%2520your%2520thermostat%26pc%3Dcosp%26ptag%3DC1N0007D011015A316A5D3C6E%26form%3DCONBDF%26conlogo%3DCT3210127

http://www.consumerenergycenter.org/transportation/consumer_tips/speeding_and_mpg.html

 

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