10 Biggest Daily Expenses
Based on these numbers you could save yourself up to $12,045.60 per year just by keeping your vices in check! That represents a 37.5% of your salary – based on the national average income (which is $32,140 for those age 25 or above)! So listen up Mom’s and Dad’s – here’s the list;
1. Coffee – Average price for brewed coffee is $1.38 a cup. Considering the U.S. average consumption is 3.2 cups a day, we’ll assume one of those cups is purchased on the go. There are 260 weekdays a year – that’s $358.80 a year on a modest Starbucks routine.*BTW – Women indicated that having a cup of coffee was their way of relaxing whereas a cup of “joe” for the guys, was inspiration to get the job done.
2. Cigarettes – Current national average are hovering around $4.54. In NYC they are as high as $8 a pack on the street. Pack-a-day smokers fork over $1,660-$2920 a year! Weekend smoker? Buying a pack once a week adds up, too: $236-$416 annually.
3. Alcohol - Depending on your “poison” and the mark-up of your favorite “watering hole” be-it the local Sports Bar or the VIP Room, we can set an average of $5 per beer including tip, buying two beers per day adds up to around $3,650 annually and you can figure twice that for two mixed drinks a day at the local bar which is a whooping $7,300 a year annually for celebrating the spirits.
4. Bottled Water – A very common vice for soccer moms, kids and dads on the go. A average bottled water costs about $1 at the convenience store. One bottle of water per day costs $365 annually – never mind the negative impact on the environment with all those plastic bottles.
5. Manicures – Surveys found that the average cost of a manicure is about $20. A weekly manicure sets you back about $1,040 per year. And if you indulge in a Mani’ and a Pedi’ expect an annual set-back of $1,560.
6. Car Washes – It is common to get a basic wash once a week here in LA primarily because of all the pollution (sediment) thats about $12 per car or $14 for a SUV — that’s $676 a year. The average cost for a basic auto detailing package is $58, according to Costhelper.com. The tab for getting your car detailed every two months: $348 per year.
7. Weekday Lunches Out – $7-9 will generally cover a decent lunch most work days. If you buy rather than pack a lunch five days a week for one year, you shell out between $1,820-$2,350 annually.
8. Vending Machines Snacks – The average vending machine snack costs $1. Buy a pack of cookies every afternoon at work and pay $260 per year.
9. Interest charges on Credit Card - According to a survey released at the end of May 2007, the median amount of credit card debt carried by Americans is $6,600. Rate tables on Bankrate.com indicate that fixed interest rates on a standard card average 13.44 percent. Making the minimum payment each month, it will take 250 months (almost 21 years) to pay off the debt and cost $4,868 in interest, which is an average annual interest payment of $231.80. Ouch!
10. Unused Memberships – Costhelper.com reports that the monthly service fee at gyms averages between $35 and $40. At $40 per month, an unused gym membership runs $480 per year.
Sited Links;
BankRate.Com | Top 10 Money Drains
Wikipedia | Personal Income In the U.S.
Coffee Statistics
