Saving more than $4,000 a year may seem daunting—but it's easier than you may think. By adopting easy and creative ways to save money and trimming some small daily expenses, you can make significant contributions to your savings account—and take a big step toward achieving your financial goals.
The average workday can take a toll on your personal finances. With a dollar here and a dollar there, those little expenses can add up over time. By taking advantage of better money-saving alternatives, you can make small changes that allow you to put aside some additional savings, make an investment in yourself or just have some fun.
$4,400 – That's the amount you could save in one year with better spending habits!
Daily Choices - Based on a 5-day work week
Buy Coffee: $1.56 Daily Cost
Brew Coffee at Home: $0.17 Daily Cost
You could save $6.95 weekly and $340.55 yearly.
Did You Know? On average, a gallon of lattes from a coffee shop costs 8 times more than a gallon of gas.
Drive to Work and Pay to Park: $8.89
Take Public Transit, Ride Bike, or Carpool: $4.40
You could save $22.45 weekly and $1,100.05 yearly.
Did you know? The U.S. saves an average of 85 million gallons of gas a year by carpooling. That's the equivalent of 128 Olympic swimming pools.
Buy a Newspaper: $1.50
Get News Online: $0.00
You could save $7.50 weekly and $367.50 yearly.
Did You Know? Around 24 billion newspapers are published globally every year.
Buy Lunch: $10.00 Vs. Pack Lunch: $2.84
You could save $35.80 weekly and $1,754.20 yearly.
Did You Know? If you do buy lunch, using a rewards credit card to earn points or cash back is a great way to get the most out of your purchase.
Buy Snack from Vending Machine: $1.75
Pack a Snack: $0.15
You could save $8.00 weekly and $392.00 yearly.
Did You Know? You already have snacks you can pack! Americans spend an average of 12% of their total food budget on packaged snacks at the supermarket.
Run at the Gym: $1.83
Run Park Trails: $0.00
You could save $9.17 weekly and $448.35 yearly.
Did you know? There are 45.5 million people in the United States who pay for a monthly gym membership; however, 67% of them never use it.
What could you do with $4,400?
• Save for Tomorrow – Contribute to a Nest Egg
• Invest in Yourself – Buy New Bikes for the Family
• Have Some Fun – Take a Vacation