MyEstateGuide.com

Protecting Families and Their Assets

 

Home

Discount Coupon

Private Speaking

Brochure

About Us

Contact Us

News and Events

SCAMS

Watch Out!

Getting to a million!

Is One Million enough?

How to waste a lot of $$$

Tax reference

Federal Estate Taxes

How to mess up an estate!

How to mess things up!

Real Estate Services

Investing in Trust Deeds

Mortgage reduction

Existing home sales data

What is probate?

WILL-- Disadvantages

Conservatorship

Probate Fees

Personal Rep. Fees

Medi-Cal Qualifying

Helpful Organizations

Senior Investor Resources

Testimonials

Fond Memories

What is a Living Will?

Types of Trusts

Charitable Trusts

Life Insurance Trusts

What is a Living Trust?

Living Trust Myths

Questions and Answers

More Questions & Answers

Our Living Trust includes

Trust Administration

Trustee Fees (CA)

What is an Annuity?

Annuities

Seniors & Annuities?

Annuity Advantages

How popular are annuities

Annuity Disadvantages

Index Annuity Products

Variable Annuities

Life Insurance A to Z

What is Term Life?

Equity Indexed Universal

MediCare Supplements

Medicare questions

Useful Medicare websites

Long Term Care

Life Insurance Benefits

Funeral Planning

Mutual Funds

Protect your nest egg

Self Directed IRA

Stocks & the Market

Age 70.5 and RMD's

Documents

10 little expenses that add up fast

 

Do you wonder where your money goes, especially if you're not a big spender? It's surprisingly easy to blow thousands, a few dollars at a time.


By
Bankrate.com

It's easy to fritter away money on little daily expenses. If you fall into these money traps, learn to avoid them and pocket the savings.


Coffee:
According to the National Coffee Association, the average price for a cup of brewed coffee is $1.38. There are roughly 260 weekdays per year, so buying one coffee every weekday morning costs almost $360 per year.


Cigarettes:
The Campaign for Tobacco-Free Kids reports that the average price for a pack of cigarettes in the United States is $4.54. Pack-a-day smokers fork out $1,650 a year. Weekend smoker? Buying a pack once a week adds up, too: $236.


Alcohol:
Drink prices vary based on the location. But assuming an average of $5 per beer including tip, buying two beers per day adds up to $3,650 per year. Figure twice that for two mixed drinks a day at the local bar. That's not chump change.


Bottled water from convenience stores:
A 20-ounce bottle of Aquafina bottled water costs about $1. One bottle of water per day costs $365 per year. It costs the environment plenty, too.


Manicures:
The Day Spa Magazine Price Survey of 2004 found that the average cost of a manicure is $20.53. A weekly manicure sets you back about $1,068 per year.


Car washes:
The average cost for a basic auto detailing package is $58, according to Costhelper.com. The tab for getting your car detailed every two months: $348 per year.


Weekday lunches out:
$9 will generally cover a decent lunch most workdays. If you buy, rather than pack, a lunch five days a week for one year, you shell out about $2,340 a year.


Vending-machines snacks:
The average vending machine snack costs $1. Buy a pack of cookies every afternoon at work and pay $260 per year.

I
nterest charges on credit card bills:
According to a survey released at the end of May, the median amount of credit card debt carried by Americans is $6,600. The average interest rate on a standard card is about 13%. Making the minimum payment each month, it will take 250 months (almost 21 years) to pay off the debt and cost $4,868 in interest. Ouch!


Unused gym memberships:
Costhelper.com reports that the monthly service fee at gyms averages between $35 and $40. At $40 per month, an unused gym membership runs $480 per year.

 

Published Oct. 11, 2007


The information contained in this website is not to be construed as legal, investment or tax advice.  If this type of information is desired, the services of a competent Attorney, Insurance Agent, Investment Advisor or CPA, licensed in good standing with the State in which you reside, should be consulted.