You probably don't put a lot of stock, from a financial standpoint, on that $4 cup of Starbucks coffee that you drink each day. But, if you were told that coffee conundrum costs you $1200 per year, you might think twice about that next sip.
Items such as a cup of coffee or a bottle of diet soda probably don't get much attention when it comes to your personal finances but even the smallest items can have a big impact on your bottom line. Truthfully, very few consumers bother to pay much attention to the incidental purchases that occur as part of a daily routine.
And, these buying habits hardly even factor in to your weekly, monthly or yearly budget. But, they should.
Tallying your bills doesn't exactly sound like the ideal weeknight or weekend, but budgeting is paramount. You can't truly measure your expenses without taking into consideration the big ticket items such as a mortgage, car, insurance, food and utility bills.
Where most consumers run into trouble is accounting for the smaller items on your list; the ones that you buy within the blink of an eye. You wouldn't be the first person to find yourself short on cash at the end of the month, even after you put together a previously thought iron clad budget.
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