Scrimp now, splurge later

THE COST OF COFFEE

(and other small purchases)

To find out what your impulse buys could mean for you, try keeping track of how much you spend over time. Here's an example of what those little things really cost.


• If you buy a coffee or latte at $3.95 per day, five days a week that adds up to $19.75 per week. If you buy coffee 40 weeks a year that adds up to $790. Over 35 years that could be as much as $27,650.

• Using the same formula, an energy shot at $3.99 could equal $798 per year, or $27,930 over 35 years.

• A $3 muffin could cost you $600 per year, or $21,000 over 35 years.

• And eating an $8 lunch daily could cost you $1,600 per year, or $56,000 over 35 years.


Where to get help

The Bank of Hawaii offers these free one-hour Smart Money Seminars on how to better manage your money:


• The Basics of Banking

• Budgeting: How to Make the Most of Your Money

• Saving and Investing: Putting your Money to work for you

• Protecting Yourself Against Fraud

• The ABC's of Credit

• Saving for Retirement

• Pathways to Homeownership for First Time Home Buyers

For more information, call 479-3567.

"It's the little things," Orr, president and owner of the Orr Financial Group, said in a press release. "It's the dollar here, two dollars there things that we pick up every day that start to add up. The insidious thing is that it still doesn't add up to so much that we think it could make a difference in our futures, because we only see those expenses in terms of the dollars we spend, but not the dollars -- plus the interest -- we could be earning on them.

Career Track Seminars - News


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Fred Pryor Seminars And Careertrack Spring Summer 2007 Training ...

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