June 2nd, 2011

Save up to $3,300 by Kick Starting Your New Year’s Resolutions NOW

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It’s nearly halfway through 2011, and by now most of us have probably forgotten our New Year’s resolutions.

According to one study, only 12% of those who make New Year’s resolutions actually achieve them. Even if you managed to keep up your resolution for a month, you’re likely to be among the 88% of us who have given up by now.

So how can you avoid this dismal fate? Give your New Year’s Resolutions a mid-year kick start.

Not only will you be proud you got back on the horse, but it’ll surprise you how much money you can save by keeping some common resolutions.

Exercise more

A common resolution mistake is to become a member of a gym, only to let it go to waste when you don’t actually use it. At this point, if you’re on a $30-per-month membership, you may have spent $150 without getting any stronger or slimmer.

Kick start: Get back on the treadmill and don’t let another $30 go to waste. Or, better yet, cancel your membership (check your contract agreement before doing so) and start an at-home or outdoor routine. It doesn’t cost a thing to go for a run

You can find free exercise routines, like this yoga video series online. You’ll end up saving the additional $210 you might have spent on the gym membership.

Give up Coffee

Consider this: If you spend $3 on coffee each day starting at the beginning of the year, you’ll be $1,095 poorer come December 31. Is your caffeine fix really worth more than a grand?

Kick start: Restart your resolution right now, and you’ll still have an additional $630 saved by the end of the year. Suggest brewing coffee at home? Try drinking hot tea instead, which is cheaper and easy to brew at home.

One of our favorite bloggers, Dumb Little Man, shares how he quit drinking coffee and the positive benefits he enjoyed after he kicked his habit.

Quit Smoking

If you’re a pack-a-day smoker, you could end up spending about $150 a month, or $1,800 a year on your habit.

Kick start: Commit to give up smoking now, and you can still pocket $1,050 by the end of the year to put toward paying off some debt or beefing up your savings accounts. To help you restart your goal, check out what the Center for Disease Control suggests for kicking a smoking habit.

Brown bag your lunch

Imagine the cash you can save by making low-cost lunches at home. If you go from eating lunch out five times a week to just one, you’ll spend $520 instead of nearly $2,500 over the course of a year.

Kick start: Start brown bagging lunch at least four times a week beginning tomorrow and you’ll still save nearly $1,500.

For suggestions on what to make for lunch to stave off brown-bag lunch boredom, check out these recipes from Squawkfox, Clever Dude, Real Simple, and Martha Stewart.

How’s your New Year’s Resolution going?

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  1. I already exercise so at least I am not wasting my money there. I rarely drink coffee and have only spent about $10 at Starbucks in the last year. I don’t smoke. But I do eat out at lunch while at work. I have resolved to brown bag it for the month of June and not spend anything while at work. Let’s see how that goes. Two days so far.

    cashflowmantra at 4:32 pm on June 2, 2011
  2. That’s a great goal. Let us know how it goes! Good luck!

    bethy at 5:38 pm on June 2, 2011
  3. I was thinking it’s best to start some new years resolutions EARLY for 2012, rather than late for 2011. I don’t want to feel like I’m playing catch up. I exercise my brain thinking about exercising my body. So far, that’s working really well. Maybe I’ll even get to exercising the body. There have been a lot of good things said about Coffee lately – health benefits – debunking some of the hazards. I frequently lift the 4pm blahs with a sweetened cup. Works great until 10pm. My cigar is a great pleasure and happy people live longer than others so that’s a good thing. I won’t have to include that. The cost is $2/day and lasts longer than any Starbucks. I’m not working -retired- and only eat out occasionally, so no savings on lunch. Mostly, I like things the way they are, but it’s possible I find a resolution by 2012.

    Your Neighbor at 9:22 am on June 11, 2011

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