Login

Register | Forgot Your Password? | Close
Register | Forgot Your Password? | Close

Picking up convenience store snacks is a habit that could cost more than $70,000 within a 20-year time period, according to Barbara Friedberg, a personal finance adviser.

“As a volunteer tax preparer for lower income folks, I was amazed at the frequency during which the clients came in with a convenience store snack; small pack of cheese crackers, a soda, a candy bar, or another quick item,” Freidberg wrote in her article. “In contrast, before my three hour shift, I packed a drink and snack for myself at home and brought it with me.”

A sweet roll from a convenience story could cost $2, coffee another $2, a pack of crackers and cheese $1.25 and soda $1.70; that adds up to $6.95.

If those same snacks are brought from home, a donut costs 75 cents, coffee 50 cents, crackers with cheese 75 cents and soda 25 cents, which is a total of $2.25.

Friedberg’s point is by eating the same snack at work brought from home rather than a convenience store, a person can save $4.70. When multiplied by each day of the year, that’s $1,715.50. If that money was invested rather than spent on pricey snacks, a mutual fund with seven percent return would make it $70,307 by the end of 20 years.

The problem with replacing convenience store habits is just that: convenience. Friedberg suggests taking a few hours one week to buy supplies and store them at work or in the car for when they're needed. Ultimately, it comes down to deciding if the convenience is worth thousands of dollars in the future.



EMAIL: alovell@deseretnews.com
share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: