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.
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.
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.
How’s your New Year’s Resolution going?
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