Dunkin’ in the Spotlight – An Eye Opener!

Save Money

Apr 18

Image sourced by Isabella Fischer @izzyfisch_

Thank you for those of you that commented on our recent post “Here’s how I saved $557.67 at McDonald’s and You Can Too!”

If you have read that post, while it’s true that I did save $557.67 last year at McDonald’s – mostly by buying iced coffee at McDonald’s instead of buying iced coffee at say Starbucks – to save that $557.67, I spent $849.69.

The point is, spending a dollar here and there often does add up to big dollars!

$849.69 in this case!

Now I am not saying that you should deprive yourself of buying a treat or buying something you enjoy or that austerity is the way to go – unless you are facing serious financial issues or facing a financial crisis.

But I am saying that being aware of your spending habits and how you spend your money is very important!

Because then you can make decisions and change your buying behavior and spending habits and free up cash flow and direct more money to savings and paying down debt.

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Dunkin’

Along this point, let’s talk about Dunkin’ or its namesake Dunkin’ Donuts.

The other day, I had some meetings in New York City and was hurrying to get to a meeting. I was hungry and I ducked into the Dunkin’ near Grand Central Station. McDonald’s was a few blocks out of the way.

At Dunkin’, I purchased:

  
    Large Iced Tea
    $3.99
  
    Turkey Sausage Egg ‘n Cheese Wrap
    $3.79
  
    6-piece Hash Brown
    $2.59
  
    Subtotal
    $10.37
  
    Sales Tax
    $0.92
  
    Grand Total:
    $11.29

$11.29 – OUCH!

That’s a lot of money.

Gotta love New York City. . .

The food was tasty but that’s a lot of money!

Turning to my McDonald’s App, a large unsweetened iced tea costs $1.79.

Compared to Dunkin’s price of $3.99 for a large iced tea, that’s a $2.20 difference – savings – plus the sales tax on the differential.

Over time, that adds up!

Again, I’m not saying that going to say Dunkin’ is a bad idea.

I am saying that paying attention and making sound spending choices, prudent spending choices and arranging your purchasing habits smartly, will help you create free cash flow, and direct more money to savings and paying down debt.

That’s the ticket to building wealth, lifetime wealth and living the life you desire.

Analyze your spending habits and purchasing habits.

Consider your financial goals!

Are you spending your precious money in alignment with your financial goals?

Could you find other ways to purchase the same items for less or could you make purchases less frequently?

Make choices and balance out to put yourself in the best position to achieve your financial goals and personal goals.

Let us know your thoughts.

See you next week.

Arthur V.

P.S. To Save More Money Every Day – click here.

Disclaimer: OH and Please Remember, we are Not financial advisors, financial planners, attorneys or accountants and are Not providing any specific financial, tax or legal advice here. Be sure to conduct your own due diligence and consult your own professional advisors to get sound professional advice that’s specific to your financial and personal circumstances, risk tolerance, time horizon and investment goals and objectives among other key factors!