Figure out which Metrocard makes the most sense for you
“A 30-day unlimited Metrocard currently costs $116.50. Alternatively, each swipe costs $2.75, but you get an 11% bonus when you load more than $5.50 onto a card, which means your actual fare is $2.48. $116.50 divided by $2.48 is approximately 47. If you’re not riding the subway or bus more than 47 times in 30 days, don’t waste money buying a 30-day card.”
So, how much can you really save by 35?
Even if you just got a roommate, Airbnb’d your apartment two weeks out of the year, quit smoking, and quit drinking at age 25, in 10 years you would save $184,780. And that’s BEFORE investing. It’s highly unrealistic to assume everyone’s going to quit boozing in their 20s and early 30s, but if you’re taking the rest of these tips into consideration, you’ll be surprised just how much you can save.
And seriously... invest
Again, to make up for all the thousands you're spending on booze, investing is seriously important. “If you are fortunate enough to work a job with a 401k plan, this is the easiest and most powerful way to start saving for retirement,” says Brown. “If your employer provides a 1:1 match, you’re getting an instant, 100% return on whatever you contribute, vesting restriction aside. If your employer matches half of your contribution, that’s still a 50% gain. Most hedge fund managers would give their first born for portfolio returns like that. Don’t pass it up. Invest that money across mutual funds that cover different asset classes, or simply use a target date mutual fund that will handle the portfolio management for you.”