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You Could Save Between $7k-$15k Each Year If You Stop Buying These 7 Non-Essentials
Do you know how much you spend on binge drinking and getting your nails done? You might be as shocked as I was!
Life is expensive, that’s one thing we can all agree on. Trying to save for the future while still leading a fun and meaningful life can feel paradoxical. And while I’m not an expert in personal financing, I am an advocate of minimalism and have seen firsthand how a little can go a long way.
Similarly, the little things we buy every day add up and might be the reason why we can’t save our pennies. My spending habits are not perfect but the following list includes ten things I don’t spend my money on and approximately how much you could save if you don’t either.
Binge Drinking
Let’s talk about the rising price of alcohol because, holy hell, I went out drinking in Boston for the first time in a long time and couldn’t believe I spent thirty bucks on one watered-down mixie and a Blue Moon.
It seems like the average price of a mixed drink in Massachusetts is anywhere between $8 and $18, while individual beers can cost anywhere between $3 and $10. Wine, I don’t drink but I imagine it’s more than beer.
So, let’s crunch some numbers. On an average night, let’s say we buy three mixed drinks and two beers. That’s between $33 and $84, before tip. We do that twice in one weekend and we’re looking at a total spend of between $3,432 and $8,736 a year on binge drinking!
All I can say is this. I’m glad I graduated college ten years ago because if it was in this economy, I’d be graduating one of two ways — without a cent to my name or without a single friend because, as a commuter, 98% of my friendships were made under the influence.
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