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Cost Cutting Tips

https://www.msn.com/en-ca/money/topstories/cutting-these-10-costs-can-make-you-rich/ss-AAA8iEl?ocid=spartanntp#image=12

 

Here is some great tips to consider. It is interesting how the numbers add up.

 

one culprit is the famous Starbucks. 

 

Enjoy this parody 

 

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"And your savings is ...
If you eliminated all of these costs, you would save $5,978.75 in just one year. That’s a lot of money to add back into your budget. But if you invested that money every year and earned 5 percent annually, you’d see even bigger long-term benefits.
After 10 years: $72,958
After 20 years: $165,667
After 35 years: $366,331
Even more impressive is how far that money can go in retirement. The OnTrajectory calculator shows that if you stopped investing money into your retirement fund at the $366,331 mark, and then withdrew 4 percent of your balance annually to help cover living costs, you’d still have a little more than $300,000 left by the age of 90. It might seem hard to believe, but that’s the power of compound interest."

 

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