A month from now marks my second year in the real world. And as I vaguely keep track of where I am now two years after graduating from college, I could proudly say that I am BROKE.
No, I do not spend a lot shopping. I detest going around the each store at the malls looking for shoes, clothes and other stuff unless I am assisting someone. Although you can find me inside a mall more than 3x a week, it is still a struggle to shop for my own things.
I also don't splurge on travel. Although I do love to see places, I always end up dreaming of those places instead of going to them. I practically find myself stuck in the city for several months before going out.
Neither do I spend on expensive gadgets. I do dream of them. Most of the things I wanted are fancy electronics, yet the moment I face their price tags, I chicken out.
What really made me broke are not those big things like shopping or travel. Instead it's those little things. I realized this after reading this 5 Money Mistakes You Might Be Making (and How to Avoid Them) on Shine. The first mistake had my name all over it.
Money Mistake #1: My Money Is Disappearing
No one starts the month planning to fritter away a small fortune, but that’s what can happen when minor expenses spiral out of control. It’s not just shopping at Saks that gets you into trouble. Seemingly innocent purchases — $15 jeans at Target, a few things for the kids at a two-for-one sale, the occasional Frappuccino — can do real damage to your bottom line.
What does it take to waste $10,000 a year? Just $27.40 a day. “You can undermine some of your most important goals with purchases you’ll never remember,” says Suzanna de Baca, president of Private Capital Solutions Group, a Des Moines, IA, investment advisory firm.
I am guilty. I get to spend on food that costs less and find myself broke at the end of the day. I also spend for petty little accessories to my gadgets or pens or books or things that doesn't really matter but are dirt cheap.
I probably need to keep track on these petty little things. They are like small leaks to the big bucket. They may be so small, yet the bucket ends up empty because of these.