Small Savings Add Up!

Try to cut back on spending for low value purchases.

Here is work sheet to help you find ways to save money. (92KB pdf)

Below are some examples.

 *Assumes 5% earning rates, compounded monthly.

Item

Cost Each
Purchase

# Per Month

Cost Per Month

Cost Per Year

Amount
Invested for 5 Years*

Amount
Invested for 20 Years*

Soft Drinks

$.75

30

$22.50

$270

$1,530

$9,248

Pack of Cigarettes

$3.50

20

$70.00

$840

$4,760

$28,772

Lunches Out

$5.00

12

$60.00

$720

$ 4,080

$24,662

New Paperback

 $7.00

4

$28.00

$336

$1,904

$11,509

Coffee

Drive-thru  

$2.25

8

$18.00

$216

$1,224

$7,398

Snack Food

$1.00

15

$15.00

$180

$1,020

$6,165

Total

 

 

$213.50

$2,562

$14,518

$87,754