7 Wallet-Healthy Habits
For most people, financial health doesn’t depend on how much they earn, but how much they spend. To find out where your money is going, start carrying a pocket-size spiral notepad with you all the time, and write down every purchase you make, including the amount.
Even if it’s a soft drink form the convenience store, or a trip to drive-thru at a fast-food restaurant, record it in your notepad. After two weeks, review your notes and ask yourself if you really need all the things you buy.
Upon close inspection, most people are surprised to find out where their hard-earned money is going. If this is true for your case don’t dismay - almost everybody wastes moeny to some degree. It’s important to understand that every purchase we make - excluding such absolute necessities as food, rent, and gas for the case - is a choice.
Consider the following examples of how changing some small habits can affect your wallet’s health:
(1). If you smoke one pack of cigarettes each day, then consider quitting smoke. it would save you nearly $1,500 each year.
(2). If you make it a habit to take long, hot shower, then take a shoter shower. Water heating is the third largest enrgy expense in your home.
(3). If you drink 64 oz. of bottle water each day, then why cann’t you purify your own water. It could save $60 each month.
(4). If you have magazine subscriptions delivered to you home, the visit the library or read magazines online. Do you know the average American family spends more than $100 every year on magazine.
(5). If you buy a snack from a vending machine each day from work, then consider bringing your own snack from home. It could save you an average of $30 per month.
(6). If you leave the air conditioner or heater on all day, then turn it down when you away from home. For each 1 degree, you’ll save up to 5% on your heating/cooling cost.
(7). If you drive even short distances, then walking or biking instead. According to AAA, mortorist pay an average 68.9 cents per mile.
