Money Monday

Where do you spend your money?

If you go to Starbucks every morning before work and get a latte which cost about $3.50. You would spend about $840 annually. If you make your coffee at home every morning it may cost you about $.25 a cup. So you would spend about $60 annually. This is a cost savings of $839.75 that you could put into your savings and draw interest. If you eat out for lunch every day at work you may spend from $5 to $7 at a quickservice restaurants. For full service you may pay $15 or more with tip. That is about $1,200 to $1,680 anually for quickservice and $3,750 or more for full service. If you bring your lunch to work you may spend $2 to $3. Which is $480 to $720 anually. A cost savings of $720 to $960 from quick service and $3,270 or more from full service. This money could also be put into a savings drawing interest. You could also plan healthier meals.

Food for thought with your money!