Get a roommate
Amount saved per year: $6,000 if rent is $3,000/month
For most of us under 35, this is not a choice. It’s a necessity. Still, there are those people who absolutely HAVE to live alone. Well, guess what? You’re throwing money out the window while peeing on it, and then letting it burst into flames. “You can immediately pay yourself by having a roommate. Your $2,000/month rent for a one-bedroom might go up to $3,000/month for a two-bedroom, but split between two people that’s $500 you’re saving. $500 a month is $6,000 a year, which is real money, especially when you’re talking about someone making $60-70,000 a year,” Campbell says.
Amount saved per year: $4,914
“You know you need to bid farewell to tobacco’s smooth, sultry embrace sooner or later, so living in the city with the most expensive cigarettes in the country makes now as good a time as any,” says Jamie Brown*, a Chartered Financial Analyst and vice president of a boutique wealth advisory firm. Cigarettes in New York cost, on average, $13.50 (yes, seriously), and if you’re buying two packs a week, that’s $27. Multiplied by 52 weeks is $1404. If you’re leaning into the Don Draper, smoking a pack a day thing, that’s $4,914 a year. On cigarettes. “This could all be going to your savings account instead,” Brown says.