Tuesday's Child

I found the following online awhile back and found it to be really interesting and hope you will too!

Saving "little by little" in the following ways can really add up!

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Hi!

A little tidbit from The Dollar Stretcher ..

We all know that little things can add up in a hurry. 

But, often we fail to realize just how much the small stuff is costing us.

As a junior high math teacher, it's always fun to shock my students by having them work up a few calculations like the ones below. 

I can always hope they'll become frugal adults someday!

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A $1 soda every day for a year = $365

     

If you must have that $3 latte instead, your annual cost = $1095
     

Paying just one bill with a $3 late fee every month for a year = $36
     

Over the course of a 50-year adulthood, that late fee = $1800
     

One fast food meal ($16 for a family of 4) per week for a year instead of quick hot dogs at home (about $4) = $624
    

If your family usually prefers the local buffet for $28, those annual hot dog savings would = $1248
    

If you buy a bag of ice for $1 every two days instead of making your own, your annual ice cost = $182.50
    

Keep buying that ice for 50 years of your adult life, and its cost = $9125
    

If you discard half a gallon of spoiled milk per week at $2.30 per gallon, in a year your waste will = $59.80
    

Keep wasting that milk for 50 years of your adult life, and your loss will = $2990
    

If your family buys half a pound per week of $5/lb. deli cheddar cheese instead of $3/lb. American slices, your annual cost = $52
    

If you keep buying the cheddar for 50 years of your adulthood, its extra cost = $2600
    

If you mail five bills per month at a cost of about 40 cents each
instead of using free online banking, your annual cost = $24
    

If you continue to mail your bills for 50 years, your cost = $5200
    

If you buy four new books per year at an average cost of $15 each
instead of buying used at around $4 each, your annual added cost = $44
    

Keep buying those new books for 50 years, and your cost = $2200
    

If you rent one new release video per week at $3.50 for a year, your cost over borrowing from the library = $182
     

Keep renting those videos for 50 years, and your cost = $9100
     

If you buy the premium cable package at an additional $35 per month, your annual cost over basic cable = $420
    

Keep buying that premium package for 50 years, and your cost over basic cable = $21,000
     

If you carry a credit card balance of just $1000 for a year at 18%
annual rate, your annual interest = $180
    

If you keep the $1000 balance for 50 years without ever paying it off, your interest = $9000


WOW is all I can say!

hope this helps someone~

Rachel

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Thanks so much for sharing this info. Rachel, it sure does make one stop to think!