By: Zy Marquiez
January 27, 2016
“Recreational shopping is the shortest point between two points: you and broke”
– Victoria Moran
This is being written in order to help some friends out showing some of my person mishaps that have taken place, as well as hopefully aid anybody else with any ideas that might help them in any way/shape/form.
In Financial Flagship – Managing Oversights [Part-1], we covered some of the more basic financial oversights that yours truly was partaking in. From there in we analyzed how much was the total amount spent wasted due to such actions.
Now, we’re going to cover some additional mistakes that were zapping much of our financial latitude away at the outset.
Please keep in mind, these are conservative estimates for most of these.
Gym Membership @ LA Fitness:
Weekly: $50 [two people]
Monthly: $200
Yearly: $2400
Fast Food:
Weekly: $75
Monthly: $300
Yearly: $3600
Clothing:
Weekly: $20
Monthly: $80
Yearly: $960
Total from all financial oversights:
Weekly:$145
Monthly: $580
Yearly: $6960
Again, very similar to last time, if that last number isn’t disturbing, [SN] nothing will be.
Am showing you all this in hopes that you can all learn from my lapses in judgment.
Its easy to show one’s track record when its ahead of the stampede, running sky high, with nothing to cast shadows on your endeavors.
It takes guts however, to carry out some in depth insights into what kind of mistakes one is doing daily. With that said, what you ultimately do with this information is up to you. This is just shown in hopes to help people realize what kind of financial leaks they might undertaking that is blowing a hole into their savings/retirement funds at an enormous rate.
Do you carry out any similar things that you realize could be done better, or avoided? What have you learned from it? Hope that regardless of what’s taking place in each of our daily lives, a move forward is in the process or already being undertaken.
Ultimately, be it to spend, or to save, the choice is y/ours.
