“A penny saved is a penny earned.” With all the effort needed to resist temptation to buy stuff in a capitalist economy, it sure is.
But let’s start with where your money really comes from. If you’re like most people, you’re probably and employee and you probably get your income from a steady wage.
That means you have to work a set number of hours, five days a week in order for you to get your check every payday. That’s 80 hours logged before you get money to buy whatever you want or need.
Let’s do a bare-bones math exercise. Say you earn $40,000 a year (40000 divided by twelve months and the result dvivded by 160 work hours) leads to around $20 an hour. And that’s before taxes.
That means you have to work for at least two and a half hours for you to pay that $50 monthly cable bill. That might not sound much hard work. But multiply that by 12 and that gives you $600 or 30 hours of work (1.25 days!)
But to put it into better perspective, discontinuing your cable subscription. That’s like getting at least 1.5% salary increase before taxes. Factor in taxes, and cutting your cable bill might make it comparable to even at least a 3% pay increase.
Sure, you might not be able to live without cable (which is highly unlikely) but who knows what other unnecessary expenses you have on a daily or monthly basis.
So what’s the fastest way to get you more money? Cut your expenses. It’s all about decisions.
