Well 2020 is here, what can you do differently with your finances that will place you closer to your financial goals by the end of this year? I want to offer a few things that you can do now to change your financial future.
The first thing you and I can do is to stop buying lunch at work. Frequent trips to the grocery store, convenience store, coffee shop or cafeteria place a real strain on your finances. For the next 30 days add a little more to your grocery list and prepare lunch for work. See how that affects your budget, lifestyle and health. Americans spend a lot of money on food primarily eating out and ordering in, much of this is done during work hours. Some people have a habit of buying breakfast and lunch at work and then pick up dinner on the way home. Depending on what is being purchased, a person could spend $25 to $40 a day on food. Try to bring your own lunch and breakfast and see what the results are.
The second thing we can do is to stop buying things simply because they are on sale. Sales aren’t always the best. Often times retailers offer lower quality merchandise with a brand name you recognize at a lower price. So in essence, the sale in many cases really isn’t a sale, you become a victim of a “bait and switch” scam. You spend money you may not be able to afford to spend for a product that is inferior, even though the brand name is popular.
Here is another thing that we can do—be organized. At the beginning of each year everyone has good intentions—sign up for a gym membership, start a new hobby—all of this costs money. If these good intention ideas aren’t followed through, money is wasted. Before you enter into something “new” be sure that you are going to follow through.
Examine these three things over the next thirty days and see how you feel and how you money looks. I would love to hear from you!