Comment modifier ces 4 comportements vous fera économiser un minimum de 2000 $ par anNovember 4, 2020

Modify These 4 Habits and Save a Minimum of $2000 a Year

We all have certain habits that we exhibit without much thought, day after day, week after week, month after month, and year after year. But at what cost? Have you ever stopped to tally the literal expense of these habits? Let's take a quick look together.

What Are Your Chances of Winning the Lottery?

So many Quebecers have a habit of buying lottery tickets weekly in hopes of winning it big! They are excited by the idea of a leisurely retirement cushion. Here are a few of the statistics:

  • On average, Quebec families spend $10 a week on lottery tickets.
  • $10 a week represents $520 a year and $20 800 over 40 years.
  • Depending on the type of lottery, your chances of winning are between 1 out of 1,200,000 and 1 out of 28,633,528.

Some play the lottery just for fun and are realistic about the expense. It is not wise to rely on lottery winnings as a substantial and secure way to pay for debts or daily expenses. That would be like chasing literal rainbows and hoping to cash in on the pot of gold.

Whether it's lottery tickets or gambling at the casino, the game should always be seen as it is, a game. The game becomes a problem when:

  • You become completely absorbed in thought and action by it.
  • You begin to raise the stakes to keep the same exciting feeling.
  • You are unable to play less or stop playing altogether. 
  • Your habits of playing snowball by either increasing your spending, the number of times you play per week or otherwise.
  • You are borrowing money to play or to pay debts. 
  • You are risking your relationships or job.
  • You begin lying about your playing. 

If any of these warmings seem familiar in your case or the life of a loved one, seek help from a professional. You can access the site aidejeu for support and referrals 24/7. 

Whether or not you have a problem, cutting back on gambling habits or stopping altogether has excellent benefits and will save you a lot of money.

How Much Do You Spend on Junk Food and Alcohol?

It's the weekend or the end of a long workday, and all you want is to relax with a movie, a bag of chips and a cold drink.

While there is nothing inherently wrong with that, you would do well to consider the following:

  • Even if you opt for the really good deals, if you buy, on average, two bags of chips, a pint of ice cream and two litres of liquor, you will still be spending approximately $676 a year.
  • Junk food in regular amounts can have terrible health consequences.

We are not saying that you have to cut junk food out of your diet completely. We do encourage you to try reducing the quantity and frequency that you consume junk food. Cut back slowly but surely, replacing snacks with veggies and dip or fruit. Try substituting flavoured water, carbonated or flat, for your usual cocktail. There are so many natural options that add flavour without the calories.

You Gotta Have Your Morning Cuppa Joe, But At What Cost?

Do you rely on your morning Tim Horton's cup of coffee? You are not alone. Have you considered the cost? Here are a few approximations based on the menu from timhortons.ca:

  • A medium filter coffee costs $2.05, tax included. This adds up to $748 a year if you go every morning.
  • Do you limit your purchase to just a coffee, or do you add a bagel? A plain bagel with cream cheese costs $2.63, tax included. Add in the coffee, and you find yourself with a bill for $4.68, which is $1708 per year. 

No matter where you go for your morning coffee, it doesn't get cheaper than that. With the amount you spend yearly, you could alternatively purchase a high-end coffee maker. If you need a loan to do so, don't hesitate to contact us at Money Sense.

To learn more about how you can reduce your spending, especially at restaurants, this article

How Much Do Your Highlights Cost?

Ladies, do you head to the salon monthly to have your colour updated? Here are some totals to consider:

  • Even at a low-cost salon, a simple dye job comes to about $30. Monthly visits total $360 a year.
  • If you get highlights, a cut and a blowout, even at a low rate of $100, that comes to a minimum of $1200 a year.
  • A box of hair dye from the pharmacy only costs, on average, $10. If you opted to dye your hair yourself, you would save a minimum of $240 yearly.

Obviously, do-it-at-home kits differ significantly in quality than a salon job. However, if you have a goal to save long term, the DIY method will save you a lot.

Don't think you can handle doing it yourself? Try asking a friend to help. You can make it a girls day and dye one another's hair.

Overall Savings

Add up the savings. In modifying your spending in these four areas, you can save at least $2000 a year, if not more. 

Take time to analyze your spending habits. Is there a balanced way that you can tweak your habits and save at the same time? Only you can decide what works best for you.

Would you like to know how to save even more? Here are four easy ways to do so. 

Share this article