A few years ago, I was terrible with money. I was spending all of my money and living paycheck to paycheck. But then I met my husband and he convinced me to change my bad money habits. In this post I’m going to tell you all about one of those bad money habits. I’ll tell you about how you can making this one simple change can save you $100 or more every month!
This One Simple Change can Save You $100 or More Every Month!
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My bad habit
I used to get drive-thru coffee every single morning on my way to work.
I would go to Dunkin Donuts Monday-Thursday and get my large coffee and sometimes a bagel too. On Fridays I would go to Starbucks (which I like better). I felt like I deserved the Starbucks reward on Fridays because I thought I was saving a ton of money by getting the cheaper Dunkin Donuts the other 4 days.
I did this for years.
Then, when I was first thinking about cutting back on spending a few years ago, I started by taking a look on what I was actually spending my money on. I went through all of my bank and credit card statements from the previous 3 months and added up how much I was spending in each area. I was so surprised by what I found!
Related: The First Step to Saving More Money
How much I was really spending
When I discovered how much I was spending on my daily drive-thru coffee habit I could not believe it!
I was spending $120-$155 each month!
Each coffee trip was $4-$6 a pop. And as it turns out, that was really adding up over the course of the month.
I couldn’t help but think of all the other things I could have been spending that money on.
At that point in my life I was constantly feeling like I never had any money. So, I was shocked to find out that I had over a hundred dollars that I was choosing to spend on coffee every month.
I changed my drive-thru ways
I wanted to fix this problem, but I was not about to give up coffee. However, I was willing to give up the drive-thru.
So, I started making my coffee at home.
This meant taking the extra few minutes before leaving the house to actually make the coffee. But I noticed that I actually saved time in my morning because I wasn’t waiting in those drive-thru lines anymore.
It didn’t mean that my morning coffee was free, but it was so much cheaper.
Even if I did it the slightly more expensive (easier) way with the Keurig, it was way cheaper than the drive-thru coffee.
We already had the Keurig, so I didn’t consider that an expense. The only expense was the K-cups which generally cost $8.99 for a box of 18. Sometimes you can get them for much less than that. And of course it depends on what kind of coffee you like. My favorite is Green Mountain.
So, $9/18 cups of coffee = 50 cents a cup!
We also have a regular old drip coffee pot, and making coffee in that is even cheaper!
What about you?
Maybe you also start each day with drive-thru coffee. I get it! But I encourage you to take a look back on what you’ve been spending on coffee or breakfast the past few months.
But, maybe your bad habit is different than mine. Maybe you stop at target on the way home each day. Or you can’t stop buying shoes. Perhaps you buy a scratch ticket, or a soda, every time you stop at the gas station.
Just take a look of at what you’re actually spending or a month or a few months. Think about what else you could be spending that money on. And think about what you could do with that money if you saved it over the course of the next year.
What would that mean for you?
For me, there was such a simple fix to my problem. I was able to substitute the thing I was throwing my money away on with something I can make at home.
Your solution might not be as obvious. You might need to get a little creative with how you can save money in your trouble area. But it is worth the time and effort.
Related: 5 Tips to Shop Less
I hope sharing my story is helpful to you!