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Monitoring Your Spending

Do you like to buy your morning coffee? Do you smoke cigarettes? What’s your regular guilty pleasure?

If you put away $3 every day for a year, you would have more than $1000 saved. After 10 years in a regular savings account, you’d have more than $10,000 without interest. All those little purchases really add up. The key to saving is starting small.

Look at the big impact of small savings.

. Monthly Savings Yearly Savings
Regular vs. specialty coffee $27 $324
Bringing lunch twice a week $48 $576
Renting a movie vs. going to a movie $22 $264
Buying generic clothes vs. name-brand $25 $300
Skipping a manicure $15 $180
Total $137 $1,644