Kick the Coffee & Save Money

Sometimes we skip sleep and opt for a cup of coffee instead. However, simple changes in your life can create huge benefits both to your health and your wallet. Instead of coffee, get a good night’s sleep and make sure you are properly hydrated. These practices and leading a healthy lifestyle will not only yield extra energy, but maybe some extra cash as well.

Kick the habit.
According to the Coffee Business Statistics Report, we Americans consume 400 million cups of coffee per day. The average cost of an espresso-based drink costs $2.45 and the average coffee drinker consumes about 3 cups daily. At this rate, this caffeine fix costs a consumer over $7 a day, or over $200 a month. This seemingly harmless coffee habit can end up costing over $2,500 a year.

What would you do with an extra $2,500 a year?
If you put your coffee fund into a high-yield savings account, your daily cup of joe could quickly grow into a nice little (or not so little) emergency fund. Find the highest yielding saving account to augment your savings efforts. Financial institutions frequently offer promotional rates. Be sure to read the details of these offers to make the best of

Permanently adopt new habits.
Check savings rates regularly to ensure you are earning interest at the best rate available. Contribute regularly to your savings account and see what other unnecessary spending you currently engage in. To guarantee you add funds regularly, schedule automatic transfers from your paycheck or checking account to your savings account.