By cutting out some discretionary spending, Americans could save more than $5,000 a year, according to a new report.
Most people are all too familiar with the latte factor – the idea that if you eliminate your $5-a-day coffee habit , you could accumulate a lot of money over time, especially if you use that money to invest.
That's how much individuals are spending on non-necessities such as coffee, eating out, entertainment, clothing, ride shares and alcohol, GoBankingRates found. Other expenses, including concert tickets and alcohol, each added up to around $350 a year, on average. Of course, Americans shell out the most money on spending that is, in fact, necessary, such as housing, groceries, utilities and health insurance, GoBankingRates found.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Negotiate your rent in 4 easy steps and potentially save thousands of dollars a year'The single biggest expense for most people is their rent and yet they never take the time to realize you can negotiate,' says Ramit Sethi.
Read more »
The most convenient tools to help pay off credit card debt can ultimately save thousands of dollarsIf you're trying to pay off credit card debt, balance transfer cards or personal loans could help.
Read more »
DNA reveals that local men were replaced in Iberian gene pool thousands of years agoAncient DNA is uncovering the secrets of the unique populations of what are now Portugal and Spain. Two studies published this week include unexpected findings from the DNA of people who lived thousands of years ago on the Iberian Peninsula.
Read more »
Dollar General will open 975 stores this yearDollar General says it will open 975 new stores in the US this year and remodel 1,000 older stores
Read more »
This 24-year-old makes celeb portraits from Rubik's Cubes and sells them for thousands of dollarsItalian artist Giovanni Contardi can solve a Rubik's Cube in seconds, but what he does next is really fascinating.
Read more »
Trump isn't Islamophobic because he saved 'thousands and thousands' of Muslims from ISIS, Fox News host saysTrump infamously called “for a total and complete shutdown of Muslims entering the United States' before taking office.
Read more »
A trade deal won't save the world's largest economies from slowing down this yearEven if the US and China reach an agreement to end a trade war, the largest economies are still set to slow in coming months.
Read more »
Brexit spurs biggest cut in UK business investment in 10 years - BCCBritish companies look set to cut investment by the most in 10 years in 2019 bec...
Read more »
Brexit spurs biggest cut in UK business investment in 10 years: BCCBritish companies look set to cut investment by the most in 10 years in 2019 bec...
Read more »