Managing your money

Changing Your Spending Decisions

Another way to save money is by making different spending decisions. This doesn’t mean making major sacrifices—it just means making different choices.

For example, let’s say you buy two soft drinks a day from a vending machine at work or school. Each can costs 75 cents or $1.50 a day. Look at the difference it can make if you buy a case of soft drinks at a grocery store and bring two to work or school with you every day:

Item

Cost of Item

Cost per Month

Cost per Year

Soft drinks (2 cans a day, bought from a vending machine)

75 cents each

$1.50 a day

$30

$360

Soft drinks (2 cans each day, bought by case from the grocery store and carried to work or school)

29 cents each

58 cents a day

(case cost $7)

$11.60

$140

You could save about $220 a year by buying your soft drinks by the case and then bringing them to work or school. How else could you change your spending decisions and save money? Click here for a worksheet that can help you develop a plan.

 

 

 
   
 
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