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Wednesday, September 10, 2014

Savvy Family Tip #3

It's time for the third instalment of our Savvy Family $ Tips. Today's tip from Dan Olson of Sunlife Financial may have you re- thinking your morning coffee... 

Tip # 3 – What’s your Starbucks Index? 

One challenge I love to offer is, “How much are you planning to spend at Starbucks this month?”  Watching someone do the arithmetic is interesting, from the look on their face I know when they arrive at the total. 

$50.00...        $100.00...        $150.00...        $200.00...        $250.00...         

A coffee and nibbley at coffee break, another coffee in the afternoon if it’s a tough day, plus a weekend visit or two…….. adds up quickly. 

Habitual purchases are the hardest to control. Unlike a major purchase there is no research into the best option or decision process. 

What else could you do with the $1,200 - $2,000 per year, that would provide better value? 

Dan Olson is a Sun Life Financial Advisor. An experienced Dad with three children, now young adults. With everyone under one roof for the Summer, his home is feeling really, really small. 

If you have some questions for Dan, or would like some help with your family's savings, here's how you can contact him: 

604 308 9502

For more Savvy Family $ Tips and other financial posts, check out our Savvy Family page

Image Source: Pinterest

September posts sponsored by Cutie Pie Boutique