1) Buying a new car would cost you a lot of money, so you might as well drive your old junker around for as long as possible, right? In actuality, driving an old car could end up costing you upwards of $1,000 a year in additional expenses, such as repairs, safety improvements, and insurance–not to mention the extra environmental impact you’ll make in the process. Even if it costs a few thousand dollars upfront, it’s often better to invest in a decent-quality, relatively recently manufactured vehicle.
2) You might avoid going to the doctor or the dentist because you don’t want to spend the money. However, these regular checkups have an important purpose; they’re designed to catch harmful conditions and potential problems early, which means you’ll not only have a better chance of dealing with them easily, you’ll spend less to treat them.
3) What’s a latte here or a take-away meal there? Little things can add up to big expenses quickly, often before you even realise what’s happening. Good savers write down or budget all their expenses, even the tiniest ones.
