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Join a carpool rather that commuting solo.
The average American commutes 25 miles to work each way. If you drive a small sedan to and from work 252 days a year (21 days each month), spending 52.2 cents a mile, you’ll spend $6,577 a year. Share your drive with just one other person, and you’ll save $3,289 a year.
Source: US Census Bureau, AAA
Make your own coffee and tea instead of hitting the coffee shop.
Buying a $3 latte five days a week before work adds up. Make your own fair trade and organic coffee or tea for 25 cents a cup instead and save $688 a year.
Source: DollarTimes.com Coffee Savings Calculator
Cut your clothing purchases in half.
Cut down on the $1,604 the average person in the US spends each year on clothes by declaring a moratorium on buying new clothes (other than perhaps socks and undies). Scour consignment and thrift shops, frequent rummage sales, and hold clothing swaps to get what you need. Conservatively, if you do enough to cut your clothing expenditures in half, you’ll save $802/year.
Source: Bureau of Labor Statistics
Total Savings: More than $8,000 a year!
That adds up to nearly $42,000 over 5 years.
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