All the talk lately of fiscal cliffs, impending health care doom and the financial apocalypse has me thinking more about my own money situation. My hope is that 2013 brings with it a bit more financial padding but I'm not counting on any politicians to bring me hope (or change). I cannot do much about the economy but I can make decisions for my own household. After studying my checkbook and credit card statements and I found five money-sucking habits I want to break.
I'm making my own coffee in 2013. $12 a week, (that's three visits to my favorite coffee shop) doesn't sound like much. Multiple that times 52 weeks and I've spent over $600 last year on drive thru coffee. I could buy a new coffee pot and year supply of coffee for that. I'll save $600.
Stop grocery shopping on the fly. My family gets tired of the same tired recipes so occasionally, I try to get creative. Here's what happens: I make a mental list, go shopping and forget half the ingredients. I go back to the store to spend more money on food or let the veggies spoil and start over again. I must have spent at least $200 last year on food that went to waste. By shopping with a list, I will save $200.
I quit paying late fees, for anything. If I pay my son's tuition just one day late, that's an extra $20 a month. I did that six times last year to the tune of $120. I am sure I got slapped with late fees for other things too. I want my $120 back!
No more buying new books, I borrow them or buy used. I spent an incredible $420 last years on books. I can't help myself, I'm an avid reader! However, that's an entire power bill or part of my monthly health insurance bill. I'm going to have join a book sharing club I guess. Planned savings? $400.
Craft, don't spend. I'm not immune to a little impulse shopping but if I'm committed to saving money in 2013, I've got to stop. I gathered the dozen or so craft projects together that I started in 2012. Instead of impulse shopping, I'll alleviate stress with crafts. I'm not sure how much I'll save but I'm willing to guess I spent around $300 on things I didn't really need like my light up shower curtain and growling kitten slippers, for example. I could save $300 next year.
If I stick to my resolutions, I'll save around $1620 in 2013. I'm getting a jump start on my money saving project.
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