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How to Save a Cool $1,000

The US Department of Labor tells us that the average American household spends just over $55,000 annually. Combine that news with survey findings from the Wall Street Journal where many people fessed up to splurging on things like dining out, movie tickets, spa treatments, etc., and it’s little wonder why so many of us are financially stressed. In this article, we’ll share a few ways many people are wasting as much as $1,000 or more every year.

 Where Did All My Cash Go?

  • Cut the cable cord.The average monthly cable bill is $99. With streaming services like Hulu, Netflix and Amazon, users are spending about $8 — $10 a month on their TV entertainment. Even better, there’s no commercials!
  • Skip on the Starbucks. Getting your caffeine fix away from home runs the average consumer $21 per week. Brewing your coffee at home could net you $1,000 per year easy. Heck, you could save a cool $500 simply by cutting back on your Starbucks visits.
  • Brown bag it at lunchtime. Grabbing a quick sandwich from the deli may not feel like such a hit to the wallet, but consider that those of us who eat out for lunch during the work week spend about $35 weekly. That’s $1,872 per year in lunches alone. Pack your own lunch and enjoy the savings.
  • Wasted food. Even when we make a good effort to eat at home, many of us are losing money. In fact, the National Resources Defense Council tells us that the average family of four tosses out between $1,350 to $2,275 worth of food simply because of expiration dates, wasted leftovers and spoilage.Make note of what you’re throwing out so that you can plan better for your next trip to the grocery store.
  • Kick the smoking habit. Estimates say that a pack-a-day smoking habit will cost you over $2,000 per year. Simply cutting that in half will net you $1,000 – and that’s not even taking into account the health costs related to smoking.

Call The Oswalt Law Group for Help in Dealing With Crippling Debt

Living with the constant pressure of money problems is no way to live. We’d be happy to treat you to a free consultation and develop a strategy for erasing that crippling debt. Call The Oswalt Law Group to make your appointment at (602) 225-2222.

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