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Other Budget Busters
By Molly's Brother | February 11, 2008
Last week, I wrote about My Top 5 Budget Busters. This past week, I had been thinking about other budget busters that exist in other people’s budgets.
1. Cigarettes — I don’t smoke, but I often hear about people being a pack-a-day smokers. Assuming that a pack of cigarettes cost $5/pack. ($35.00/week; $140/month) Not computed is the future health care costs associated with smoking OR the increase in health/life insurance premiums smokers have to pay. These additional costs probably reach the tens of thousands over a lifetime.
2. Vending Machines — I have to admit, every time I do my laundry, I treat myself to a soda from the vending machine. I was talking about the vending machine at the laundromat and a friend of mine says he uses the vending machine at work twice a day, costing him $1.50. ($7.50/week; $30.00/month)
3. Credit Card Interest – Using Bankrate.com, I made up what a $10,000 credit card debt costs an individual. Over the course of a month, they spend about $150/month on interest only. ($150/month; $1704.21/year)
Each of these are unnecessary expenses and only end up killing your budget–and your savings–in the long run.
Topics: Your Budget |