JC’s Tips - Spend Less, Save More & Preserve Your Assets

So you have made the decision to move but you still need to save some money. Maybe this will help you save about $2,000.

Depending on where you work, chances are you may have a pretty good choice of coffee and eating options located around you. And if you’re like many people, there’s a good probability that nothing wakes you up quite like the taste of a fresh-brewed, grande or espresso, specialty coffee from one of the many java joints you have to choose from. But when it comes to your daily spending habits on food and drinks, if you’re like most people, your morning coffee is probably just the start. More and more workers are forgoing the brown bag in favor of dining out, and grabbing a latte at the nearby coffee shop instead of packing a thermos. A typical worker regularly buys both their morning coffee and lunch while on the job, but bringing a brown bag lunch and thermos of coffee could save more money than an average tax return. The average amount working Americans spend on coffee and lunch is more than the average tax return refund they will receive, with two-thirds of American workers buying their lunches, according to a survey by Accounting Principals. The average spent on lunch alone is $37 a week, or $2,000 a year.
The survey found noticeable workplace spending differences by gender and age. Men spend $46.50 a week while women spend $26.50 on lunches.
Americans spend more money on their lunches than on their commuting costs, which was average of $123 a month, or $1,500 a year.

If personal finance is a concern for you to make your jump to a new place to live—and no matter what your situation is, it should be something you think about on a regular basis—then you might want to consider how to save a boatload of money just by taking the time to pack yourself a sandwich.

Braun Research conducted a telephone survey of 1,000 employed Americans, 18 and older, from Dec. 22 to 27. The survey found men tend to purchase and spend more on coffee than women, 54 percent and 45 percent, respectively.
Half of Americans buy coffee regularly at work, spending more than $20 a week, or $1,000 a year. Younger professionals ages 18 to 34, spend nearly twice as much on coffee – $24.74 – during the week than those ages 45 and up – $14.15.
The average tax refund in 2011 was $2,913, according to Yahoo Finance.
Americans are not planning to use their year-end bonuses on food or drink, however. The survey found 57 percent of employed Americans plan to use their year-end bonus to pay off debt.
So start packing a lunch and as far as preserving assets you now have from an impending currency crisis I’d start thinking about that as well so you don’t lose what you already have.
Over the long term, the dollar is declining. The dollar has declined 40% since 2002, and could decline further still for the following five reasons:
1. An $18 trillion U.S. federal debt.
2. Excess liquidity causing inflation or, as is occurring now, asset inflation.
3. The unsustainable personal debt of U.S. citizens,
4. A massive trade deficit.
5. The strength of emerging market countries, like China, which are becoming less dependent on holding U.S. dollars to keep the value of their currencies low.
So do your own due diligence and see what fits your particular situation and remember, some of the ways to protect yourself from a potential dollar collapse are also good ways to protect your assets from the far more likely dollar decline. First, keep your investments diversified away from the dollar by making sure you hold foreign mutual stock and bond funds and some gold. Gold shouldn’t really be an investment but a hedge if you still have cash and there is a crisis. If the dollar were to absolutely collapse, as they predict, it would wreak devastation upon the world’s economy in ways that are really unimaginable. Owning gold might be the best way to go to hedge against your other losses. That’s why a well-diversified portfolio, and constant attention to key economic indicators, is a better way to protect your personal finances than putting all your eggs in one basket…even if it IS made of gold.
Invest in yourself and in your knowledge. Stay on top of the global economy. Understand investing. And it’s never a bad idea to keep your passport updated –just in case!

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