SAVING FROM NON-ESSENTIAL EXPENDITURE

SAVING FROM NON-ESSENTIAL EXPENDITURE

Have you ever taken out time to think about what would happen if we determined to save from the amount of money we ordinarily would have spent on unnecessary and non-essential commodities we crave to relish? If we gave this idea a huge thought, we would be startled to discover how much we could have saved and how wealthy we could have actually become.

Many of us go out of our way to spend excess money on expensive restaurant, excessive boutiques, expensive jewelries, flashy clothes, big-money mobile phones, expensive furniture and many others of such. There is definitely a flashy list of unnecessary expenditures we usually waste our hard-earned money on daily. You can think of others and add your own to the list.

If we looked truthfully into our daily spending while being truthful to ourselves, we would discover that we could save up to five to ten dollars on a daily basis by just shying away from non-compulsory daily expenditure. You can think of it this way; a daily cup of coffee could cost you up to three or more dollars, you would gladly want to match up the coffee with a muffin and here is another of your two dollars. Candy or chewing gum or other cash register  items could also introduce another two to three dollars.

When we continue to spend money arbitrarily and in unnecessary ways like this, we could check our monthly spendings and discover we have spent a staggering one hundred and fifty dollars just in one month and on irrelevant things. If we put that amount into an account yielding a ten percent annual return, we could smile home with something close to a million dollars.

Savings could have a dramatic way of adding up only when we discipline ourselves and quit frivolous spending that eat up our income.