Page 40 - Benjamin Franklin\'s The Way to Wealth: A 52 brilliant ideas interpretation - PDFDrive.com

test; most of us don’t really add up what we spend on the little things in
life.

There is a strong argument that it really is the small leaks that harm small
businesses. That’s because they have a tendency to pass unnoticed, whereas
major expenses are carefully scrutinized and weighed up. When was the last
time you really counted up what you spent in a week on all those little
daily expenses and indulgences? Do you know exactly what your journey to
work costs in petrol? I’ll bet you haven’t a clue. What about how much per
week you spend on cappuccino, chocolate bars or sandwiches? What about
those petty cash outgoings, especially the really little ones? Office coffee,
tea, milk (see, told you it’s not just rock stars who should take the test)?
Printer toner? Copier paper? Add it all up and you’ll have a muckle or two,
I’ll warrant. You really do need to get a grip on these things, and you need
to do so now.

HERE’S AN IDEA FOR YOU…
Spend a week recording your daily spend. Break it down into transport,
food, etc. Multiply upwards to see what you spend a year on each
category. Add tax at the appropriate percentage, and see how much
you must earn to pay for them…then look at what you could save by
opting for cheaper alternatives.