Spending habit: $32 bi-monthly trim Annual spending: $192 Career spending: $7,680 Potential Career Return if you let it grow and invested into a Roth IRA: $31,497
Spending habit: 2 albums per month at $9.99 Annual spending: $239.76 Career spending: $9,590 Potential Career Return if you opened a Pandora account and invested into a Roth IRA: $39,207
Spending habit: $.75 daily Annual spending: $273 Career spending: $10,920 Potential Career Return if you got your news online and invested into a Roth IRA: $44,785
Spending habit: $1.38 daily on weekdays Annual spending: $358 Career spending: $14,351 Potential Career Return if you brewed your own and invested into a Roth IRA: $58,729
Spending habit: $75 bi-monthly touch up Annual spending: $450 Career spending: $18,000 Potential Career Return if you went au naturale and invested into a Roth IRA: $73,821
Spending habit: $10 weekly Annual spending: $520 Career spending: $20,800 Potential Career Return if invested into a Roth IRA: $85,304
Starbucks (OMG - I am guilty of this almost daily, my drink costs just over $4)
Spending habit: $3.10 daily on weekdays Annual spending: $806 Career spending: $32,240 Potential Career Return if you made your own and invested into a Roth IRA: $132,222
Spending habit:$80 monthly membership Annual spending: $960 Career spending: $38,400 Potential Career Return if you took up running and invested into a Roth IRA: $157,485
Spending habit: $7 daily on weekdays Annual spending: $1,820 Career spending: $72,800 Potential Career Return if invested into a Roth IRA: $298,568
When it comes to spending, what’s your morning M.O.?
And all that coffee adds up.
At a national average cost of $1.38 per cup, that’s an annual spending of $358. Spin that out over the course of your career and you might find you’ve dropped over $14,000 on morning joe.
Pick your jaw up off the floor.
In the interest of scaring you straight, we’ve broken up how all of those little discretionary purchases add up over the course of an average 40-year career of living—and looking–good.
“Most women get their hair cut and/or colored six times a year,” says Steph Goldwin, a NYC-based stylist. While costs for these services vary widely from city to city and surely from salon to salon, American Salon, a publication for beauty industry professionals, reported the numbers as $21 for a cut in a salon with fewer than 6 chairs, and $44 for a salon with more than 13 chairs for an average of $32. Annual spend? $192. But Goldwin, whose cuts run upwards of $80 a session, warns that adding a color treatment can add close to $100 to each visit. For simplicity’s sake, we’ll call a cut and color $125. Annually? $750. After 40 years that’s a salon bill of $30,000—how’s that for keeping your roots from going gray?
Are you a woman who falls prey to the weekly manicure trap? At $10 a week you’ll drop $520 each year. After a 40-year career of perfectly manicured fingertips, you’ll have shelled out nearly $21,000.
Buy a daily paper? $11,000.
Go out to lunch during the workweek? $72,000.
Prefer a Starbucks latte to your average cup of coffee? $32,000.