LET’S TALK MONEY: MORNING COFFEE JOLT COSTING BIG BUCKS

The university education is designed to give us a well-rounded education. One area most of us begin to excel after a year in college is our familiarity with coffee. We all become “coffee connoisseurs”.

Late night study sessions, early morning wake-me ups and afternoon energy shots, make caffeine a college staple. 

We all need it and want the best.  If you are like me, Starbucks makes the pick-me-up irresistible. But at $5 a pop you can spend  $20 or more a month. I was so hooked I went twice a day and felt it was worth every penny. Well sometimes our needs and wants need to be re-evaluated. I assessed my habits and started using the single cup coffee maker at home and looked up Starbucks recipes online.

Lets cut cost. How? Make your coffee at home. Use a coffee maker. I have a single cup coffee maker as well as a multiple cup device. Use the single cup coffee maker and save even more. If you are loyal to the Starbucks brand, buy it yourself at your local grocer.

CHA CHING!  YOU JUST SAVED $15 OR MORE FOR THE MONTH. YOU ARE ON YOUR WAY TO SAVING $100 PER MONTH!

Money Talk

Let’s Talk Money! Cut Back Area #2. Food.

 

Yesterday we talked about what seems to be number one on peoples mind, communication and how you can cut telephone costs.

Eating takes a close second on our priorities list. Ask yourself, what is my food budget?  How often do you eat out? For those of you in college I know the university has taken it upon themselves to, “help you out”, by putting aside some of your money for food. Besides that, how often do you eat out? You can easily spend $7-$10 or more per day for lunch. Easily  $50 can be depleted monthly.

Have you tried cooking at home? Try it! You will keep more dollars in your wallet. If you tend to buy a lot of snacks like chips, cookies, candy, pops etc. Prepare some healthy snack alternatives at home. Keep nuts, an apple, raisins, bottled water or other tasty healthy morsels with you to drink and nibble on throughout the day.  You will be surprised by the cost savings!

Cha-ching! $50 saved.

Find out more easy cost saving tips tomorrow! You are on your way to saving $100 a month.

LET’S TALK SAVINGS

Okay, lets talk savings. Consider this:

Do you have a landline? How often do you use it? How much does it cost? Do you  also have a cellphone? Do you  really need both a cellphone and landline?

You can save $30 – $40 per month by letting go of the landline.

Do the math, think about what is really needed in your home.  Long-distance calls are free on your cell phone. It is the communication mode of choice during disasters and emergencies.  You also have the ability to be contacted wherever you are.

Tomorrow we will discuss another cost saving strategy.

CHA-CHING $30 -$40 IN YOUR POCKET! YOU ARE ON YOUR WAY TO SAVING $100.00 PER MONTH.

MONEY TIPS: Save one “Benjamin” at a time.

Save it!

Save $100 per month. Even if you only make minimum wage, put the money aside. Live within your means and at the same time give yourself a monthly gift. If you follow this simple plan starting at age 20 and invest it in a compounding interest account that yields 8-10 percent, you will have accumulated between $500,000.00 and $1,000,000.00 by age 65. Do it! Time will pass quicker than you can possibly imagine. Many do not have enough money to survive. Do not let this happen to you. It has been said that you are smarter than the majority, because you have chosen to pursue a college education. Make on of the most important smart choices you can, create a nest egg for your future.

Tomorrow I’ll give you some suggestions on just how to find $100 you can put aside.