Trimming your everyday budget can add up to a sizable savings. by Jeff Yeager|Comments: 0. Yellow Dog Productions/Getty Images. 1. Lunches Out Brown-bag your lunch every day at work and you could easily save $25 per week. That's a savings of about $1,300 per year, or more than $50,000 over a 40-year career! 1 of 11.
According to the Insurance Information Institute, the average cost of auto insurance in 2013 was $841 per year, or approximately $70 per month.1 Keep in mind that this is a ballpark figure based on nationally collected data; depending on your situation, it could be more or less.
According to Edmunds.com, the average monthly payment on a new vehicle is $479. Considering your existing car is trouble-free, saving that $479 per month means an annual savings of $5,748 by postponing the purchase of a new vehicle.