no drainage here
Bankrate says these are the top ten money drains… and you know what? I feel pretty good about that:
coffee (I don’t drink it.)
cigarettes (I don’t smoke.)
alcohol (I don’t drink, either.)
bottled water (I use the water cooler at work and the tap at home.)
manicures (I do my own.)
car washes (Maybe once every few months.)
weekday lunches out (Maybe once every couple of weeks - at the dollar menu, of course.)
vending machine snacks (Maybe twice in a year, I’ll get a candy bar from a vending machine.)
credit card interest charges (I pay in full during the grace period. I have a line of credit balance that accrues interest for old credit card debt, but that should be history after a few months’ time when it’s paid off. In the meantime, I’m covering several times the minimum each month with my ample payments.)
unused memberships (Oh I’m GOING to the gym, even if I don’t feel like it, if for no reason other than to get my money’s worth. Plus, I pay about 10-15 less than your average gym aficionado per month.)
My money’s not draining on unnecessary stuff. I feel good about that.
What kind of woman are you? what do you mean you don’t drink alcohol. LOL
You doing good girl!
Comment by Moneymonk — August 28, 2007 @ 3:22 pm
I also wrote a post on this…and one of my readers pointed out that my biggest money drain wasn’t on the list…my car…with car payments…gas…insurance…maintenance…etc…I spend at least $500/month on that stupid thing (and that’s a LOW month)
Comment by SavingDiva — August 29, 2007 @ 3:48 pm
I spend about the same - that said, the car makes up for its expense with its utility. My life would be more difficult and even dangerous without the car, so I am getting convenience and safety for my money. So I don’t see it as a drain. However, I would see it as one if I never used it, for example.
Comment by Sistah Ant — August 29, 2007 @ 4:32 pm
My drainage is manicures and eating out. I can probably justify both, similar to your car explanation above, but I must admit they still account for a significant portion of my monthly expenses.
Comment by Single Ma — August 29, 2007 @ 6:39 pm