How Much are Your Daily Habits Really Costing You?
Health & Beauty / /
It’s easy to write-off seemingly small expenses, like your daily coffee run or that beer you routinely grab with a coworker at the end of the day. These are small-ticket items, with receipts that rarely enter the double-digits, which gives us the perception that they’re not major purchases. But what about when they add up?
Repeatedly spending small amounts over a long period of time can cost big in the long-run. This is especially true if you’re trying to save money or pay down debt. While that morning latte may not seem to hinder your financial goals, the long-term cost may be doing just that.
To find out exactly how much your daily habits are costing you, Wikibuy took a look at the average costs of small expenses many of us make every day or every week—and calculated what they cost over a lifetime.
The results are striking: Spending just $2.10 on your weekday latte adds up to $45.50 a month. In total, that coffee run will set you back more than $32,000 in your lifetime.
As we enter the new year, many of us have financial goals we’re hoping to meet. Cutting back on those daily expenditures is one easy way to save money. Check out Wikibuy’s full infographic below to see how much your daily habits are costing you—and find places to cut costs.