Thursday, 23 August 2007

Unnecessary Things to Spend of

I was just interested about these kind of stuff to reminds myself or be aware about what worst could happen if I continue expending money on these things that we really dont really need to, its just unnecessary things to waste money about. Perhaps it gives people ideas/ solution on how to manage life without debt's. It's sure not easy as there are tons of temptation that we knows we can live even without anyway. I got this idea from yahoo (the source).

Top 10 Money Drains

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 -- 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 per year.

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 interest. Ouch!

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.

3 comments:

Midas said...

you forgot to include books and shoes. I think I spend a lot on books and shoes. :)

haze said...

hehehehehe......okies thats counted Midas thanks for the comments....

Shabem said...

Hmmm.....so true with number 10. Hubby paid a 3 year membership to 24 hour fitness for both of us. They had called us for our first session and we never showed up hahahaha..