The Tiny Ship Sinking Holes

More often than not, as we look back at the past months expenses, we are able to see what the major portions of our money is spent on. All those large purchases are easy to spot however, it's the little tiny ones that are slowly doing the damage. It's the many tiny little cuts on your financial body that hurts the most.

These tiny expenses are those that we deem too tiny or insignificant to bother about. But over the long run, can accumulate to quite a substantial sum. Everyone has these cuts I'm sure, even the thriftiest of us. Examples of these tiny leaks are as follows:

• Forgetting to turn off electrical appliances when you are not using them.
• Food wastage.
• Credit card annual fees.
• Phone or cable contracts that are above what you need.
• Too much snacks (Harmful to both body and fiance)
• Leaky water taps, pipes or toilet bowls.
• Taking long showers too often.

These are some of the examples that I have thought of. I have to admit that i am guilty of some of them, especially showers since its so darn hot and humid here in Singapore. These are habits that we have formed over the years which are bad. We have to try our best to either reduce these habits or cut them off completely.

Patch the tiny leaks and holes in your financial ships as soon as you can, lest it sinks you before you are able to reach your port of freedom.

As always, save more, spend less and invest wisely.