A Small Expense Today Equals a Large Expense Tomorrow
A Small Expense Today Equals a Large Expense Tomorrow
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Home Page > Finance > Personal Finance > A Small Expense Today Equals a Large Expense Tomorrow
A Small Expense Today Equals a Large Expense Tomorrow
Posted: Jun 23, 2011 |Comments: 0
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In today’s crippled economy, it is interesting how fast food restaurants are flourishing, while slightly more expensive “sit-down” restaurants are having a hard time staying afloat. The facts are that consumers are cutting out obvious expenses, but neglecting to take note of little ones that often add up to a larger amount. Imagine the five dollars that is spent Monday-Friday at a fast food chain being saved and spent on a Friday night out with friends. Consumers have held onto the little expenses and given up quality for quantity. With some time and effort, you can create a sensible budget that allows you to spend and save on the things you really want and need.
Start around the house by weighing the real costs of items you regularly buy. Although the pack of light bulbs for ninety-four cents look like a bargain next to the energy efficient five dollar single bulb, the truth is that the cost trickles into your power bill and you spend much more over time. The same applies to the four for three-dollar air filters that look tempting next to the single advanced filter for five dollars. However, higher quality air filters mean fewer repairs on your unit and less expenses in the long run. Furthermore, purchasing caulk and other sealants may seem like an unnecessary buy today, but small water and air leaks equal large expenses tomorrow. You can also save by doing small repairs yourself or commissioning the help of a close friend or family member.
Doing things yourself to save on expenses applies to your eating habits also. Restaurant prices, fast food or not, are exceptionally larger than a reasonable grocery list. If you consider yourself to be a lousy cook, then taking cooking classes will aid your skills, confidence, and wallet over time. If you are burnt out on all of your old recipes, then purchasing a new cook book is a small expense that will sway you from wasting big money at the drive thru. Invest in durable plastic wear and canteens to take your lunch to work in, along with a small cooler so that your drinks will be cold and ready and it will be easier to say no to the soft drink machine.
Bring aware daily of the little things in life will allow you to live life more abundantly and with greater grace no matter how the rest of the world is doing.
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About the Author:
Who is Mike Gordon? Small expenses certainly add up overtime, but sometimes a slightly larger, more economical, expense is the better option in order to save money. Quantity over quality is not always the best choice. Mike Gordon is a successful business owner and business coach with over 40 years of successful entrepreneurial experience under his belt. Mike can be found at his blog http://www.whoismikegordon.com. Join Mike as he talks about strategies to get your personal finances in order. For more retirement planning tips and personal finances sign up for updates from http://www.whoismikegordon.com
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