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All the little things in life add up to thousands of dollars at the end of the year. You may not think about it at the very moment you purchase something, but when you start looking back at your spending habits, everything counts!
Here is why saving money on the small things makes you more cents in the long run!
1. You Are Less Likely To Need Credit
When you spend less money on the small things like coffee, eating out, and renting a movie, you are less likely to need a credit line for big things. Think about it, if you put that $5 a day for coffee in savings, that is $35 a week or $140 a month.
Instead of charging the $100 you need to spend on sports uniforms, you have that money already there in a savings account saving you interest and cents.
2. You Can Put More Money Into The Things That Count
People don’t realize how much it actually costs to have a family vacation, buy a house, or pay for college. Life isn’t cheap and when you spend a little bit of money here and a little bit of money there, you soon realize you have nothing left.
When you save money on small things, you have more money to go towards bigger rewards in life.
3. You Can Put Money Away For Emergency
When you spend less on fast food, clothes, and material items, you can put that money in savings. Savings is important because if your car needs repairs or someone loses a job, you can get so far behind you can’t catch up.
Having savings to back you up can save you on late fees, charges, and over the limit fees. When you have money saved up, you don’t have to worry about not making your payments and ultimately spending more. You save more cents by having a backup plan.
4. Saving On Small Things Means More In Savings
When you open a savings account, you actually get paid from the bank a few cents for every dollar you save each year. It may not be a lot, but the more you save on small things, the more you put in savings, and the more interest you get back on that savings.
Saving on the little things makes you more cents by adding up those pennies and dimes you earn for saving.
Saving money on less important things makes you more cents in throughout the year. What are some ways you can save more cents this year? Make a list of ways you can save and stick to it to see how much more money you can make throughout the year!