- This topic has 0 replies, 1 voice, and was last updated August 23, 2007 at 3:52 am by .
- August 23, 2007 at 3:52 am #253239
Here’s a list of the top 10 drains on your budget. Maybe it’ll help
some of you out, on identifying where you can trim your budget a
It’s easy to fritter away money on daily expenses. If you fall into
these money traps, learn to avoid them and pocket the savings.
1. Coffee 6. Car washes
2. Cigarettes 7. Weekday lunches out
3. Alcohol 8. Vending machines snacks
4. Bottled water 9. Interest charges on credit cards
5. Manicures 10. Unused memberships
1. Coffee — According to the National Coffee Association, the
average price for brewed coffee is $1.38. There are roughly 260
weekdays per year, so buying one coffee every weekday morning costs
almost $360 per year.
2. Cigarettes — The Campaign for Tobacco Free Kids reports that the
average price for a pack of cigarettes in the United States is
$4.54. Pack-a-day smokers fork out $1,660 a year. Weekend smoker?
Buying a pack once a week adds up, too: $236.
3. Alcohol — Drink prices vary based on the location. But assuming
an average of $5 per beer including tip, buying two beers per day
adds up to $3,650 per year. Figure twice that for two mixed drinks a
day at the local bar. That’s not chump change.
4. Bottled water from convenience stores — A 20-ounce bottle of
Aquafina bottled water costs about $1. One bottle of water per day
costs $365 per year. It costs the environment plenty, too.
5. Manicures — The Day Spa Magazine Price Survey of 2004 found that
the average cost of a manicure is $20.53. A weekly manicure sets you
back about $1,068 per year.
6. Car washes — The average cost for a basic auto detailing package
is $58, according to Costhelper.com. The tab for getting your car
detailed every two months: $348 per year.
7. Weekday lunches out — $9 will generally cover a decent lunch
most work days. If you buy rather than pack a lunch five days a week
for one year, you shell out about $2,350 a year.
8. Vending machines snacks — The average vending machine snack
costs $1. Buy a pack of cookies every afternoon at work and pay $260
9. Interest charges on credit card bills — According to a survey
released at the end of May 2007, the median amount of credit card
debt carried by Americans is $6,600. Rate tables on Bankrate.com
indicate that fixed interest rates on a standard card average 13.44
percent. Making the minimum payment each month, it will take 250
months (almost 21 years) to pay off the debt and cost $4,868 in
10. Unused memberships — Costhelper.com reports that the monthly
service fee at gyms averages between $35 and $40. At $40 per month,
an unused gym membership runs $480 per year.
Copyrighted, Bankrate.com. All rights reserved.
- You must be logged in to reply to this topic.