Last week I was challenged to ban myself from buying one thing for a whole week, it didn't have to be anything big, so I decided on the drink I always buy on my way to pick Ash up from work. Originally I would just get him a coke from McDs, but it soon turned into me picking myself up a tea in the winter or a fanta in the summer as well, which meant an extra £1.49 going out 4 days a week.
While on the face of it £1.49 doesn't sound like much I did some maths:
That little amount adds up quickly in fact it comes to:
£5.96 per week or £23.84 per month, which at the end of the year adds up to a whooping £286.08! Doesn't seem quite so little now.
I was surprised how easily I got into the habit of not getting myself one, yes it was hard the first day as I drove round the drive through, I had to force myself not to say and a tea as well please – but by day 4 it wasn't even crossing my mind to ask for a drink for myself, having made sure I had one not long before leaving and knowing I could make another as soon as I got home.
It also got Ash and I talking, while he will always need a drink after work could we look at a cheaper alternative than McDonalds and the answer was of course yes.
So from this week when I make myself my last drink before heading out the door to get him, I will also be grabbing him a bottle of pop from the fridge and even that small change will save us another £1.96 a week meaning by the time a year is up between us we will have saved £380.16.
So what will we be doing with this little gold mine? Well we could be good and put it all away in an ISA but knowing us some of it will be spent on little treats – but I will definitely try and hold onto some of it as it really should be an easy way to save.
Now it's your turn, to put yourself on a week's spending ban and see how much you could save by switching.
What are you going to give up for the week?
*Woman with drink photo from Shutterstock
*Written in collaboration with TSB