What’s going all you great readers today we have a post that is going to challenge some of you and possibly motivate others to do a spend freeze, so strap on for the fun ride. The secret thats not really a secret in the personal finance world, is how much money is wasted from spending excessively by people who appear to be in control of their money. In reality they are far from controlling those elusive dollars, who appear to slip down the imaginary financial black hole. The solution to money problems is solved by not spending.
If you can control and manage the consumption of things, services, foods, resources, whatever it may be, you can become stress free with life’s finances. The concept is really not that hard, and closing up the purses and wallets might be a wonderful solution for many who currently experience money issues.
The real question I wanted an answer for today by writing this post, is to find out how much do we as Americans spend per day and what day of the week is the most spend thrift day? After finding the info I wanted to share it with all of you so you can compare and contrast dollar amounts.
The Data was found and It is hint, hint – Saturday as the most costly day for non necessities at – $76 dollars per person * Last Saturday I spent less than this amount for non necessities and that makes me content.
The Data about total consumer spending is a bit harder to find, but one website said that is around $94 Dollars is the average total per day. My average per day is less than this because I go on various spending freezes.
I came across this cool Time article that gives us a real time info graphic of how much is spent in America per second and after 100 seconds,it showed the unabashed way we spend millions per second. After seeing the figures below, Do you still think Amazon doesn’t make a profit? (I doubt it)
Every 100 Seconds we Spend – $900,000 Online – $9,200,000 Off Line = around $10 Million Dollars
Continue reading The Solution to Money Problems is Solved by Not Spending
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