Telling the truth about SME life today

What are your daily spending habits costing you?

Luckily, we’ve highlighted the costings of our minor purchases and daily spending habits in order to determine how much we can save by cutting them out.

It’s just a coffee

A coffee on the commute to work can be deemed a minor expenditure and a ?must have , in your daily spending habits. However, a pick-me-up at your favourite coffee shop can ensure that you are financially tense at the end of each month.

Average price of a coffee:”

Daily – £2.45

Weekly (Mon Fri) – £12.25

Monthly (5 days a week) £49.00

Yearly – £588

Equates to One-way ticket to New York

I just don’t have time for breakfast

Picking up breakfast every day can be costly and should be deemed an extravagance. Ensuring that you always have brekkie pre-packed or waiting for you at the office can save you 100s throughout the course for the year.

Average price of breakfast from a mainstream coffee chain:”

Daily – £3.00

Weekly (Mon Fri) – £15.00

Monthly (5 days a week) ?60.00

Yearly – ?720

Equates to One-week holiday in Ibiza (flights and accommodation)

I?ll take an Uber

Uber has 3.5M users in London alone. Jumping in a taxi home can fast become the norm as there is no doubting its convenience. However, the convenience can hold a heavy price tag.

One Uber a Week – £10.00

Monthly (one day a week) £40.00

Yearly – £480

Equates to Acer Aspire Laptop


Are you a ?yes” person, and attend events that are not exactly on your bucket list?” The “fear of missing out?, can not only waste your time, but waste your money. The total of drinks and taxis can really hit your bank balance. Save the pennies for an event that matters!

Drinks across the evening – ?60.00

Taxi home – £15

Costings over the year with one evening a month – ?900

Equates to TAG Heuer watch

Tips and tricks ?

What to cut down on daily spending habits and accelerate your saving” Try these simple tricks.

  • If you have purchased that ?must have , trend led piece of clothing and not worn it within the 28 days of purchase, maybe its time to think about returning it.
  • Carry cash for the week so you know exactly what you are spending throughout.
  • Buy Cheap buy twice, instead of buying cheap long-term purchases, invest in your products to ensure that they last.
  • Goals Set yourself goals to remind yourself what you are saving for in the long run

David Baddeley is CEO at professional debt advice service Scottish Trust Deed



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