If there is one thing that defines us as human beings, it is a tendency to spend money on things we don’t need- and we do it a lot! It turns out that saving money is as simple as cutting down on these purchases, and either finding replacements or doing without them. While it is a simple concept, the sheer amount of money that you can save by finding the unnecessary spending can be quite surprising.
One of the best examples about how you can save quite a sum of money is the coffee example. Getting a coffee from a shop is a pleasure for many people each morning. It allows you to get up and feel refreshed and invigorated, and generally gives you something to look forward to. However, doing without this treat in the morning for a year could potentially save you enough money to buy a TV!
If you figure that a cup of name brand coffee from a shop generally runs about 3 dollars, and there are about 300 work days per year, then you could potentially save 900 dollars over the course of a single year- from daily coffee money alone! That sum is enough to buy a nice 42 inch TV- or better!
There are a lot of things that we can cut back on in order to save. Things like eating out, seeing brand new movie releases in the theater, buying name brand clothes from stores in the mall- all of these have cheaper alternatives that are just as viable and effective. When to comes down to it, saving money is all about using self control and good judgement in order to take control of finances and work within a stricter set of rules.
It is an investment of time and effort, but it is worth it!