Seems like every year we make resolutions only to break them, but could it be that in the end we are saving money by not sticking to them? Below I calculate the amount of money spent on meeting New Year’s resolutions and share tips to getting them done on a budget.
I will get fit.
A gym membership costs about $40 a month (if not a lot more). In a year, you’ll spend $480! Can’t afford the gym? Get in shape on a budget with our tips. Heck, you can even make money while you exercise. How about taking up a part-time job as a dog walker?
I will read more.
New books cost $10 – $20 at bookstores. If you buy one every month you’ll spend between $120 – $240 a year. The solution? Head to the library for classics and new books for free – as long as you return them on time. You can also download the classics for free on your iPad, iTouch, or iPhone. I recently downloaded Jane Austin’s Pride and Prejudice for free! Have a Kindle? Here’s how to get free ebooks for your Kindle.
I will quit smoking.
Not only is this good for your health and those around you, but it will cost you. I did a search online for Nicorette Gum and found it for $68. NicoDerm Patches cost $156. Together it cost $224 and depending on how long it takes you to quit it will keep adding up! Don’t make this a reason not to quit. Smoking costs you lots, too. Bobbi shared a while ago how quitting smoking can save thousand of dollars a year. To lessen the cost of quitting smoking, keep in mind that some health care providers will cover some of the costs of quitting.
I will work on my finances.
Getting your finances in order can be a daunting task that’s why many rely on the expertise of financial advisers. Working with a CPA can cost up to $1,500 a year. Though this may seems like a hefty price to pay, keep in mind that professional advice can save you money. Planning for the future? Here are six cheap ways to stay on top of your finances and financial management tools to track where your money is going.
Although many of these resolutions carry a high price, look at the long-term benefits. To make it easier on your wallet, tackle one resolution at a time. What do you want to accomplish this year?
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