Money Saving Monday – What those little purchases really cost



Welcome back to Money Saving Mondays.  I hope you enjoyed last week’s tips, and if you missed it you can check it out here.


Today I’m going to talk about those little purchases, those things we buy that don’t cost a whole lot.  Those bottles of water, morning  coffee or cappuccinos, vending machine snacks, etc. that don’t cost a whole lot, but may slowly dwindle your paycheck away.


It’s no big deal, right?  You work hard, and deserve it.  You didn’t have time to grab something from home before you left, and you need that caffeine to get going!


I have made some of those purchases, and I want to kick myself.  I coupon to save money on my grocery bill, and then turn around and spend it at the drive through…so counterproductive!!  All because I didn’t plan out my day.


Let’s think about it for a minute.  Let’s say you make $50,000 a year, and you enjoy a $3 cup of coffee or drink each morning on the way to work.  Let me show you the big picture.  First, you don’t really bring home $50,000, you pay a whole lot to the government in taxes.  Now take $3 times 5 days per week, and that’s easy, $15.  That will equal $65 per month or $780 per year.  Now let’s say you have a morning coffee and a soda for lunch.  Just double that, and you’re at $1,560 per year just for drinks at work, and that doesn’t even include vending machine purchases.  That figure also doesn’t include your dinners out over the weekend.  Do you see your paycheck starting to dwindle away?


If you track what you spend per week on those small purchases, you’ll see those small expenses add up quickly, and can have a huge impact on your annual income.


Think about all your other expenses, cable, internet, gym membership, or any other non-essential expense, and annualize those as well.  That $50,000 income isn’t going to last long.  Ask yourself if you really want to spend that much of your income on those little purchases that aren’t necessities.   If you have any debt at all, that $1,560 can be applied to those bills, and you will start to see yourself pulling yourself out of debt quicker.  No debt?, you can apply that to your savings.  If you don’t think it sounds like much, $1,560 invested over the next 25 years at 8%, can equal $123,168.  Sounds pretty good right?  Coffee vs. $123,168, which one looks better to you?  I’m not saying a little purchase here or there will hurt your budget, I’m saying those daily habits will.


Just remember, it’s not about depriving yourself of anything, you can still have that daily coffee or soda.  Just plan accordingly, and make coffee at home, and purchase soda at a retail store and bring with you.


I hope this helps you see the big picture on small purchases.  If you enjoyed this, check back tomorrow for more time saving tips!!

Speak Your Mind



  1. […] What those little purchases REALLY cost […]