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Challenge Yourself To Avoid These 10 Frivolous Expenses For One Month

Challenge Yourself To Avoid These 10 Frivolous Expenses For One Month

Did you know that simply by having one Starbucks coffee per day, five days per week, that you are spending over $1,000 per year? Just think about what else you could be doing with that money. We all spend money unnecessarily. After all, we think nothing of spending a couple of dollars here and there. But, every penny adds up, and we spend thousands of dollars each year on things that we really don’t need. Here are 10 avoidable expenses that most of us are guilty of wasting money on.

1. Daily Lunches

As a busy person, you may not have time to make lunches to take to work, so you spend money to eat out every day. No matter where you go, you are going to spend at least $5 per day. That adds up to over $1,000 each year. Make your lunches at home the night before to save time and money. Here are great healthy lunch recipes all clock in at $3 or less per serving.

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2. Weekly Pizza Night

If you get a pizza for your family once a week, you are spending at least $20 to $30 each week. That adds up to $1,000 or more each year. Sure, we all need to treat ourselves now and again, and who doesn’t like pizza? But, why not cut back to one pizza night a month. You will be saving $60 to $90 per month, or more. Also, there are always great tasting grocery store pizza that could cost you only $5-$6.

3. Travel

You may love to travel, but it gets pretty expensive after a while. You can’t get a decent motel room for less than $100 per night, and then you have to pay for meals, and have spending money. You also have to spend a lot on airfares. Instead of giving up on travel, find ways to have budget vacations. For instance, you can get great deals on airfares at Kayak and Airfares Flights. Find a bidding site to bid for less expensive hotel rooms and find local eating deals through that city’s online coupons and meal deals.

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4. Books

The cost of books gets higher and higher all the time. A cheap paperback novel now costs upwards of $10. Reading shouldn’t have to be a luxury. But, instead of spending a lot of money on books, why not get them from your local library for free? Book getting can be accomplished with a Kindle Unlimited membership for just $9.99 a month as well.

5. Clothing

You don’t need to have three closets full of clothing, or hundreds of pairs of shoes. All a person really needs are a few main pieces, a few accent pieces, three to four pairs of shoes, and some accessories. You can save money by cutting back on clothes shopping. You can make money if you clean out your closets and sell all those clothes you aren’t even wearing. Neighborhood swapping party to get new sizes that the kids or you need also is a great way to save money on your clothes.

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6. Weekly Movie Nights

It’s nice to have date night with your significant other, but for two people to go to the movies, it costs upwards of $50 if you get popcorn and pop. You can save money by cutting back to one date night a month. Buying tickets at the Box Office will save you $1-2 that you’d pay for online booking. Find a late-run theater and watch movies later. You can still enjoy each other’s company by renting a movie or streaming on online. There are tremendous savings to be had with streaming movie options, investigate if one is a good fit for your household.

7. Beer

Beer, or any other alcoholic beverage, is expensive. It is even more costly when you choose to drink at a bar with friends instead of at home. By cutting back on the amount of alcohol you consume, you will be saving a lot of money. You may even lose weight and feel healthier. If you must socialize with a cocktail, choose Happy Hour times, some places even have late night reverse Happy Hour!

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8. Lottery Tickets

Do you really need to spend money on those lottery tickets every week? Sure, winning is fun, but take a good look at what you spend compared to what you win, and you will realize just how much you have lost over the years. Perhaps making it an indulgence instead of a habit is a better fit. Maybe establish a ‘couch fund’- money found in the couch, for treats like this.

9. Treats for the Kids

Do you bring home treats for your kids every time you go shopping? This can get pretty expensive after a while. It also will cause your kids to not appreciate real treats. Cut back on the treats for the kids, save money, and as a bonus, this may help them to grow into adults who appreciate all that they do have.

10. Cigarettes

If you are a smoker, you are likely spending at least $10 per day on cigarettes, depending on how much you smoke. Quitting is hard, but it is well worth the effort. You will be saving over $3,000 per year, and improving your health. If you can start by weaning yourself down on the nicotine aspect with patches and the oral aspect with suckers, eventually you will thank yourself and feel better as well.

Featured photo credit: pshegubj via flickr.com

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Jane Hurst

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Last Updated on June 25, 2019

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

Millionaires and billionaires read more than you think. In fact, the likes of Warren Buffet are said to read 1.000 pages a day. As the old saying goes “There’s no smoke without fire”; so, start off with these 5 incredible books!

1. The 48 Laws of Power

48-laws-of-power

    “If you are unsure of a course of action, do not attempt it. Your doubts and hesitations will infect your execution. Timidity is dangerous: Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity. Everyone admires the bold; no one honors the timid.”

    On your journey to becoming a millionaire in your 20’s, there will be many people trying to manipulate you into doing what they want. This international bestseller by Robert Greene is the widely read by those in the entertainment industry because of its dog-eat-dog environment. This book is a must-read for anybody who wants to claim power and keep it. it’s a fun read that tells the story of some of the most powerful people in history.

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    An example of a law of power is: Always say less than necessary.

    • When trying to impress, the more you say the more common you look and less in control.
    • Be vague.
    • Powerful people impress and intimidate by saying less.

    2. Influence: The Psychology of Persuasion

    influence-the-psychology-of-persuasion

      “Often we don’t realize that our attitude toward something has been influenced by the number of times we have been exposed to it in the past.”

      This book explains the core strategies people use to influence others using real world examples. Robert Cialdini’s book goes over human quirks like the need to be consistent, and how you can use that in your marketing strategy to make more money. “People’s ability to understand the factors that affect their behaviour is surprisingly poor,” Cialdini says, “which leads to people making poor decisions without realising why.”

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      Cialdini includes real world examples of why people join cults, buy certain jewellery, or give to charity.

      3. Blue Ocean Strategy

      blue-ocean-strategy

        “Value innovation is the cornerstone of blue ocean strategy. We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space. Value innovation places equal emphasis on value.”

        This book argues that leading companies don’t succeed by battling competitors in “Red Oceans”, but by creating “Blue Oceans” where they have uncontested market space to grow. It goes over case studies like “Cirque Du Soleil” who created a blue ocean by creating a circus platform that didn’t include animals or more than one act on at once but instead, decided to focus on talented performers and music who created a mystical storyline.

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        4. The Fountainhead

        the-fountainhead

          “A man’s spirit is himself. That entity which is his consciousness. To think, to feel, to judge, to act are functions of the ego.”

          The Fountainhead takes place in the United States, mostly in New York City, during the 1920s and 1930s. Billionaire Mark Cuban named his yacht “Fountainhead” after this book. This classic novel is about the struggles of an innovative architect named Howard Roark and his effort to achieve success on his own terms. Many entrepreneurs are inspired by this book because it depicts how you should be uncompromising when it comes to your vision and your goals. If you follow this way of life, you develop the ability to change the world and creating something unique.

          5. The Compound Effect

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            “Do you know how the casinos make so much money in Vegas? Because they track every table, every winner, every hour. Why do Olympic trainers get paid top dollar? Because they track every workout, every calorie, and every micronutrient for their athletes. All winners are trackers.”

            This book is by Darren Hardy the CEO of Success Magazine, he goes over how it’s the small, seemingly insignificant choices that compound to create success or failure over time. No one has a plan to be broke and fat but that’s what happens when you don’t have a plan and go along the path of least resistance. Hardy argues that you cannot improve something until you measure it and to always take 100 percent responsibility for everything that happens to you.

            So, those are five books you must read if you want to give it a try to become a millionaire in your 20’s. What are the best books you have ever read? Leave a comment and share these life-changing books with your friends to help them become successful like you.

            Featured photo credit: Bill Gates Foundation via businessinsider.com

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