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Exciting Ways to Make Saving Money Fun
Saving money is not always easy, but approached the right way it can become a hobby that's enjoyable as well as beneficial. I am going to share some steps I have found to stretch your finances AND enjoying the process. TIP 1: Relax. :) Relax,...
How To Save Money After Your Loan Has Closed
Pay Down Your Mortgage
The repayment of principal on a mortgage is an investment that
yields a return equal to the interest rate on the mortgage. In
other words, the lower your principal balance, the less interest
you're paying. If you make...
Make Money At Home-Start Here First
So you want to make money working at home! You are not alone. According to a recent search I did the term make money was typed in almost 100,000 times in one month. There are a lot of people wanting to make money working at home.
I was one...
The money is in the list!
From the desk of Shane Wilson: November 14, 2005
Hi, Shane here, I know you have heard it before, you know, "The
money is in the list". Well, nothing could be closer to the
truth. If you are going to be successful with an Internet...
Use Internet Forums To Earn Money
Online Forums are a great source of information. There are
forums about almost every topic. They indicate new trends in the
internet community. Furthermore they reflect the people's need
and preferences. Forum web pages attract a lot of...
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You’re Eating Your Retirement Money
Ever think about how eating all those fast food meals for lunch are effecting your pocketbook. Let’s do the math. You eat out 5 days a week at an average cost of $5 to $7 a day.
At $5 a day averaging 20 days a month (and some months more), but let’s just go with 20 days x $5 = $100 a month x 12 months, that is $1200 a year. You could use that $1200 for a vacation, or as the title of this article states, start your own retirement fund. You do the math. Let’s say you are currently 30 years of age and you save that $1200 a year x 35 years (retiring at age 65) = $42,000. Now that is just a straight $42,000 not invested in a mutual fund, IRA, or any type of fund that would pay some interest or grow over the years. It is a lot better than it just going down your throat, never to be seen again.
Let’s do the math for $7 x 20 days = $140 a month x 12 months = $1680 x 35 years = $58,800. And if you spend more for lunch just do the math. It is a substantial sum of money going down the tubes (your esophagus to be exact)!
Years ago, when I worked in Corporate America, my co-workers would be mystified by my ability to buy a new dress, suit, coat, shoes, etc. each month. They consistently remarked on how good my wardrobe looked and wanted to know my secret. It was simple. I saved around $100 per month by bringing my lunch from home instead of eating out. I took some of what I saved for clothes and saved the rest. My friends were amazed that such a small change could have such great benefits for them.
I spend on average $2-$5 a
week on lunch depending on what I buy. If for example I buy tuna, I can get that not on sale for $2 a can. Mixed with mayo or dressing, which I already have, that makes a week’s lunch on a slice of bread, which again I already have in house, along with the piece of fruit. For those of you who are sticklers out there, tuna = $2; bread = $3; mayo/dressing = $3; that is still under $10 for the week, and at $5 a day for lunch, what you pay for two days of lunch I am getting lunch for a week. To be a bit more exact: remember, the mayo and bread last for more than one week, so the actual cost is even less than $10 per week.
For those of you who are already complaining you don’t have the time to make lunch. Yes you do, after you have cleaned up after dinner, take the time to make up your lunch for the next day. Take some time on Saturday or Sunday to make up your lunch for the week.
So, start eating smart, and in the majority of cases a lot healthier, today, and the biggest PLUS is start saving lots of money for the special things you want and for an even better retirement.
Copyright 2005 DeFiore Enterprises
About the Author
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses.
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