How to save $1,000 in one year (Lay off the Coke!)

April 7, 2011 — Leave a comment

Did that get your attention?  Was it because of the coke comment or $1,000?  If you’re here to learn how to save $1,000, then you’re in the right spot.

It seems like the first $1,000 is always the hardest because it means making a change from what you are doing today and trying something new.  Every time you start making progress the car repair man hands you another big bill.
You must fight to get the $1,000 if you ever want to change your life. Believe it or not, the zeros on the end start to come easier after you get the first three!

If you’re struggling to save some money, here is one simple way to start. If you eat at restaurants way too much like many of us do, what do you drink? Soda? Pop? Coke? Tea? Beer?

Why not do something healthier for your body and your wallet and try water!

This will usually save you $2 on average per outing (even more if you are drinking alcohol or once you include tax and tip). It doesn’t sound like much but if you eat out a lot then it adds up.

Let’s take a look. Let’s say you go out to eat a total of ten times a week (including lunch, dinner, weekends, and your Starbucks coffee)

10 * $2 = $20/week
$20 * 52 = $1040/year

It’s scary how fast those small amounts can add up. It also helps you work on your self-discipline by ‘learning’ to enjoy water instead of sucking down the soda!

As Charlie Munger says, “addiction can happen to any of us, through a subtle process where the bonds of degradation are too light to be felt until they are too strong to be broken.”

Break your addiction to Coke and get addicted to water! What are some of your ideas to save money? These ideas should tie in your money philosophy.

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