90% of shoppers buy items not on their shopping lists- and indication that people tend to spend unreasonably. Despite the high cost of living, most working Americans are uninformed of their unnecessarily expensive spending habits.
42% of them cite commuting costs as their number one unnecessary expense, which according to them, should be sufficiently reimbursed by their respective employers. Shockingly, there are other very trivial but unnecessary expenses they unknowingly incur, which they would comfortably live without:
Buying Coffee On Your Way To Work
Several compelling reasons have been given to explain why you ought to buy a cup of latte in the morning as you head work. While this is a very convenient option, it has proven to be an unnecessary wallet-emptying habit.
Ashley Feinstein, a New York certified money coach, was shocked when she realized that her $4.30 latte each morning accumulated to an annual cost of $1200. She then decided to drink the free coffee at work and instead use the $1200 to take a family vacation to Spain.
Buying Lunch At Work
Two-thirds of working Tuscon Americans spend about $2000 a year on lunch alone, instead of packing it. To curb this, experts advise people to carry packed lunch to the office. A simple calculation shows that carrying left over supper or sandwiches to the office is more profitable than buying lunch on a regular basis.
Beware of taking out title loans unless you know what you are getting into. If you get Tucson title loans and don’t know what you are doing, then you could wind up paying a lot of interest fees or possibly lose your car.
Satellite/ Cable TV
Continue reading Unnecessary Expenses That You’d Probably Still Comfortably Live Without
Not a lot of people are familiar with the concept of Bitcoin. In fact, it can get to be a tedious task even for professionals like cryptographers to be able to wrap their heads around this term. For those who are wondering what it really means, Bitcoin is the first decentralized digital currency that was invented by Satoshi Nakamoto back in 2008; to enable direct transaction without an intermediary. It is a simple, peer – to – peer system wherein the transactions are verified through the network nodes. It is often regarded as the first cryptocurrency of the world. It is the largest of its kind in terms of total market value.
Like mentioned previously, the majority of us are either unaware or choose not to accept the existence of such a decentralized system. The subsequent unpopularity of Bitcoin is partially due to the fact that you won’t find the establishment of cryptocurrency at many places. For an ordinary citizen like you, it may get slightly tedious to actually search for a restaurant of a cabbie who accepts Bitcoin as payment because there are literally none, and if there exist any one, it is not considered reliable.
Just a few highly-ranked professionals such as entrepreneurs, crypto-geeks and to a certain extent, economists are truly a part of the Bitcoin community. The possibility of the U.S. government banning this form of currency is haunting the minds of this little community.
A gradual change can be observed over a span of last two years. After the venture capitalists revealed their interest of making use of Bitcoin into their startups; there has been a noteworthy rise, but that’s quite slow. Moreover, China’s undivided interest further added Bitcoin’s value to over $1,000. This was great news for the small community that was already engaged in the systematic use of Bitcoin. Crypto-geeks turned multimillionaires overnight and Bitcoin began to be used even by a number of well – established businesses.
Continue reading Is Bitcoin Really The Future Of Money?