Sunday, April 20, 2008

Where is the money?

April always hits me hard. It's the month when all the big bills are due ( income tax, property tax, home owner's insurance, car insurance, etc...).

This got me thinking about money and how easy it is to waste. This also brought me a blog inspiration. The topic of conscious spending. Do you know where you are spending all your money?

1. Do you ever pay your credit card bill late? If you have paid it late you probably noticed the late fee in addition to an interest charge. Did you know you can call your credit card company and ask them to waive that late fee? Most likely they will waive that fee for you.

2. Do you have a storage unit? Why? If you have a storage unit I'm guessing you just might have more stuff than you actually need. Ask yourself why you are holding on to all that stuff. If you are paying $70 a month for storage that is $840 a year.

3. Do you drink soda every day? How many cans? A dollar a day on soda adds up to $365 a year?

4. I'm going to be adding weekly financial tips to my blog. Come back next week for more thoughts...

3 comments:

Dusty Warren, Jorren Co. said...

OMG! I love to drink soda and I am talking about 3 or 4 a day. I have added up the cost weekly, but never the cost per year...I think I need to start drinking less sodas.

Thanks for the tip!

Pat Zapapvigna said...

I'm a firm believer in getting rid of excess. Once a year we have a yard sale - anything not used in a full year gets sold!

It's amazing when you stop to think of the YEARLY cost of some of things we do.

Great post. Thanks.

Sally Kuhlman, Virtual Simplicity said...

Dusty - Soda is a big money drainer that people often don't think of. Maybe start with drinking a sip of water every time you crave soda and see if that slows you down a bit.

Pat - An annual yard sale is a great idea! Not only clears out the clutter but adds some cash to your pocket! My theory on clutter/stuff/just about anything in my house is "If you don't love it, let it go. If it doesn't put a smile on my face why am I keeping it?" (I think Flylady said something similar - www.flylady.net)