Are you trying to figure out where the heck all of your money goes? Trust me, I’ve been there. Trying to understand how I got paid one week and it seemed like I was broke a week later. I could have $100 in my hand at the beginning of the day and end the day with like $3 easily and wondering “how did that happen?” The thing is though, many times our money disappears quickly because of some common budget problem areas.
Here are 6 of the biggest budget problem areas, so you know where you can start cutting back:
- Fast Food. Seriously. Just stop going, it may seem like no big deal if it’s just a couple bucks for food, but it adds up quickly and in a months’ time, you can easily spend hundreds each month on this alone.
- Coffee. Make a drive through the coffee shop a once-in-a-while splurge instead of a daily habit. One $5 latte every weekday adds up to $100 or more monthly. Where else could you use this $100?
- Cable. Do you really need cable? The answer is probably no. Even if you keep the cord, do you really need the fancy, expensive cable package? I was recently speaking to a friend who pays over $250 each month for this service. Wow. No thank you.
- Food waste. How much food do you throw away each month? My guess would be too much. Start serving leftovers for lunch each day.
- Late fees. So, you want to “save money” by waiting until next week to pay your bill, huh? We that’ll cost ya. Most places charge you an extra $5-$20 each month for late fees.
- Cell phones. How much do you pay for your phone each month? Many people do not bat an eye at the idea of making a payment of $25-$50 for their phone alone, that doesn’t even include your service.
