Small Savings Add Up!

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

    Try to cut back on spending for low value purchases.
  
    Attached is work sheet to help you find ways to save money.

  (pdf 92KB file)

  Below are some examples.
  *Assumes 5% earning rates, compounded monthly.