Cutback on alcohol, coffee, and cigarettes can save big.

Do the math: a person smoke 1 pack of cigarettes a week for 10 years.

1 pack average ~$7.

1 year = 52 weeks

$7(52weeks)(10yrs) = $3640

3packs per week for 10 years = $10, 920

Bringing lunch to work versus buying.

Do the math: a person buy a $5 lunch a day per working week for 10 years.

$5/day for 5 working days/week = $25/week = $100/month

$100(12months)(10years) = $12000

We all have to eat, and I know $5 is not a big deal. If you buy a 20lbs bag of rice for ~ $15, a chicken for ~ $6, a bottle of oil and seasoning, factor in electricity or gas… you will spend less than $100 a month for lunch, 10 times less than buying a lunch per day. Buying lunch only on Fridays is still a life saver.

Once I recalled standing by a vending machine at work and my money got stuck, leaving me without the can of ice-tea I craved. A lady walked into the cafeteria and popped a Lipton teabag into a cup of hot water, mixed and placed it in the freezer. She later told me how she’d been making her ice tea for free, I tried and it was just as refreshing.

Borrowing money from your 401k versus Credit Card

Please get advice from a financial professional. Money from your 401k needs to be paid back in full to avoid tax and penalties. You paid yourself interest when borrowed from your 401K.

How many of us are guilty of using shopping bag for garbage bag?

Coupons  are great way to save at the grocery.

Hope these tips help.

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