Like Finding Money You Didn’t Know You Had

You know the feeling when reach into the pocket of a coat or pants you haven’t worn for awhile and pull out a $20 bill? What would it feel like if you pulled out hundreds of dollars? And what if you found money like that month after month?

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It’s not magic—it can be done. Pin holes in your financial life can turn into massive money-gushers. Patching these holes is the key to improving your income.

The problem is that it’s easy to ignore the tiny cracks. We’re busy—there’s the mortgage or rent, car payment, credit cards, insurance, college savings, carpools, vacation plans, retirement accounts, work benefits; kids, dog, guinea pig. So the little stuff happens without our noticing.

We think:

What’s the harm in picking up dinner from the drive-thru again? Our lives are so busy and we have to eat.

Why go to the trouble of scoping out the sales before I hit the supermarket? My time is valuable. I’ll dash in, buy what looks good and the kids will eat.

Why pay more than the minimum payment this month? It won’t make that much difference in the long run and besides I need to start Christmas shopping.

Those three small, seemingly innocuous everyday financial decisions that pop up regularly—can end up costing thousands of dollars a year.

Consider the following:

It now costs at least $25 to feed a family of five at any fast food drive-thru. The food will be marginal in both taste and nutrition. You could prepare a much tastier and more nutritious meal at home for $10. Easy. Do the math. If you do that twice a week you’re letting $1560 leak out of your life (52 x $30 = $1560) every year.

If you are diligent to buy your supermarket food items only when they are on sale (don’t worry, everything goes on sale in a typical supermarket in a 12-week rotation), you’ll cut your grocery tab by at least 50 percent! The difference between full price and sale price is stunning when everything in your cart is on sale.

It’ll take you 10 years and cost you an additional $10,000 in interest alone on a $10,000 credit -card balance if you pay only the minimum amount required.

See how easy it is for slow leaks to turn into big money blowouts? Just imagine those little leaks draining money from your bank day after day, month after month.

When it comes to your finances, those seemingly undetectable cracks in your checking account, credit-card debt, food tab and other household expenses can seriously sideline your dreams.

I’m honored that you’ve chosen to let me help you patch them up.

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6 replies
  1. MnNice
    MnNice says:

    Last night we got home after taking our boys to swimming lessons and stopping at Aldi grocery which by the way has super low prices on food. By the time we got home it was dark and after unpacking groceries, we made a dinner. I said to my husband, I can see why people stop at fast food places! It does take a lot of effort sometimes when our schedules get real busy to take the time to make a dinner. We did save lots of money over getting take out. But you can get by cheaper than $25 for a family of four picking up fast food. You just have to be smart on what you buy and try to stick to the value menu items. Or supplement take out food with a salad or side dish made at home.

    Reply
  2. ABC
    ABC says:

    I came here to correct the math (from the email) about the fast food and I see that it has already been corrected here. 🙂 It was different in the email.

    I can’t imagine eating fast food twice a week….first of all because of the waste of money, and second of all because of the food! ugh It’s all right once in a while, but twice a week all year long….

    About buying groceries on sale….so, if everything goes on sale in a 12-week rotation, we would have to buy enough to last for 3 months. I’m not sure I, nor many others, would have the room for that.

    Reply
  3. Gehugh
    Gehugh says:

    I know you have mentioned this before and it bears repeating: Stop buying those ridiculously priced bottled waters (and if your drinking water out of your tap is not drinkable, you’d better fix that quick!), you’re already paying for it at home. On the morning cup (or grande) of joe, you can make your own for a lot, lot less and pocket some real savings (not to mention the gas you burn waiting in the drive up lane!).
    You could argue that your valuable time is money and an occasional treat may be allowed however, there are habits out there that really flush your hard earned dinero down the tubes. If you want to save money, get out of debt and become fiscally responsible you have to start somewhere. Nag nag nag.

    Reply
    • ABC
      ABC says:

      re: undrinkable tap water – We fixed that with a filter pitcher. It takes that slimy chlorine taste and feel right out of the water, and it’s a much cheaper alternative than putting in a filtering system….although if I had the extra money lyin’ around, I’d put one in! 🙂

      re: making your own coffee – I make my own Tazo Chai Lattes (as in Starbucks) with Tazo Chai tea bags that are available at Target and Wal Mart. Doing it this way also allows me to use skim milk and less sugar. The flavor is exactly like a Tazo Chai Latte from Starbucks, but the drink is not so cloying.

      Reply
  4. Marsha
    Marsha says:

    Our local Aldi is no cheaper than the local grocery stores which is so disappointing. They used to be cheaper on just about everything but in the past year, if I watch for sales, even without coupons I can get my groceries cheaper at Kroger or Meijer. All the sudden they have some designer foods and started selling blankets, closet organizers etc.. almost like they have gotten away from their roots.

    Reply

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