I was on Financial Highway’s Facebook Page and saw that they were encouraging people to save $5 per week. I am a big fan of savings, so I wondered if I would miss $5 per week. The answer is an obvious “no.”
The reality is, as much as I would like to be uber frugal, I’m not. I am not saying I waste money because I do my best to be frugal, but I do treat myself often. I guess it’s my way of thanking me for working so hard 🙂
What about you? How much money would you not miss in a week? Or better yet, how much could you save each week by cutting back on areas that you are wasting money in? If you happen to have a habit such as smoking, drinking alcohol, or supporting Starbucks, you could likely save a fortune with a lifestyle change.
For the record, if you saved just $5 per week, you would amass over $7,000 over the next 20 years if you just earned 3% on your money. If you are planning on taking a retirement vacation, you could start to pay for it now; at the rate of $5 per week.