Save Money on Breakfast
As I walked through the office this morning, I was amazed to see how many people come into work and go directly to the cafeteria and purchase something for breakfast. From what I saw this morning, the purchases range from bagels to yogurt to bacon and eggs.
Opportunity to Save.
Rather than purchase breakfast at the office, I typically bring a package of instant oatmeal every day. One box of oatmeal costs me a few dollars and it will last me about two weeks. There are days, although they are rare, where I will spend a few extra minutes at home and make myself something before leaving for work. As an added bonus, bringing or making your own breakfast is usually a healthier option as well.
Okay, so why is this something that I even noticed? The reason that buying breakfast every day stands out to me is because while the cost of these items is relatively small on a daily basis, over the course of a week or month those little costs add up. The $2 or $3 might not sound like a big deal. How does $10-$15 per week sound? How about $40-$60 per month?
How many of the people spending $40-$60 per month on daily breakfast purchases are commenting that they just cannot afford to set aside savings on a regular basis? As I discussed last week, money management is crucial to eliminating debt and building a secure financial future.
Rather than spending that $60 on daily breakfast items, spend $10 on a few boxes of oatmeal to last you the month and put the other $50 into savings. Even if you cut back and only buy breakfast one day per week, you will still have a considerable amount of money to direct into savings or debt repayment each month.
Is that daily breakfast purchase really worth delaying the day you can be free from debt or be on course for financial independence?