WARNING: If you loathe the idea of feeling completely ashamed and embarrassed about yourself Do Not read the following...
So I've done some rough calculating for the average full time worker (16 shifts{12 hrs per shift}/mth, specifically referring to fulltime Kingston General Hospital staff ). This calculation also includes normal, weekly 'eating out' expenditures for an average family of three.
I think I'm rounding down in my calculations for example, this only includes one medium Timmies coffee a day which some people they buy more than that and I'm sure some people order take out/eat out more than once a week(plus the restaurant calculation does not include alcoholic beverages)...
BUT! ...that being said, I think the numbers are easy to manipulate to your own personal habits :D
Underground parking: 16 shifts a month ($16/day) = $256/mth ($3072/yr)
Lunch at work: 16 shifts a month ($7/lunch)= $112/mth ($1344/yr)
Coffee break: 16 shifts ($1.60/break) = $25.60/mth ($307/yr)
Breakfast at work: 16 shifts ($4.00)= $64.00/mth ($768/yr)
Pack of cigarettes a day ($10)= $300/mth ($3600/yr)
Eating out at a restaurant (avg family of 3: $58.88/wk{tip incl. 15%})=
$235.52/mth ($2826.24/yr)
Ordering take out ($25.00/wk)= $100/mth ($1200/yr)
Over One Year (if you're awesome enough to over indulge in all the aforementioned, gluttonous acts)...this equals: $13,117.24/yr!!!
Over Ten Years all of the above adds to: $131,172.40
***Note: if that same amount of money was invested/saved (@ 7% interest) over ten years you would have: $189, 106.87!!
Okay...I know what you're thinking, "Amanda. You're bat-crap crazy. Where the heck do get 7% interest back on your investment.. are you drunk or just plain ridiculous???" Well the truth is both. But seriously... Believe it or not this number was not just pulled out of my rear... like most things are. Before inflation, the average stock market gains per year (over the past hundred years) has been... you guessed it... 7%!
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