Don’t Let Small Leaks Sink Your Big Dreams

We’re starting a new series this week: our favorite “catchy” sayings and how they relate to financial wellness. The first entry comes from Benjamin Franklin, one of the founding fathers of our country: “Beware of little expenses; a small leak will sink a great ship.” 

How many of these little expenses do you have in a week? A month? A year? If you’re like most people, all you can do is guess since we don’t really pay attention to the little things that closely. They feel small, but added together they can keep you from realizing your bigger goals. We’ve pulled together the top 5 small expenses that we typically see with our users and ways to reduce them. 

Coming in at the number one spot, we have “eating and drinking habits.” $15 for lunch, $8 for coffee and a bagel, $2 for a snack. Doesn’t sound like much but it adds up. Doing a little meal planning ahead of time, even just a couple days a week will make a big difference if you put that money towards your goals. Want the full list? Read our full article here.

Wondering why these small expenses matter? What if you had put some or all of that money in savings instead? How much would you have in a year? 5 years? We’ll cover that in next week’s Bright Idea!