How a small change in your spending could make you a millionaire

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Here a little, there a little–you might not think those daily spending choices make much of a difference. And, individually, they probably don’t. But what happens when you put them all together?

Consider this: when walking across the room, you probably don’t worry much about your exact direction. A foot to the left or a foot to the right won’t matter much. But for a pilot planning a longer trip, the effects of a slight change in direction are huge. On a cross-country flight, a mere ten-degree mistake in direction, left uncorrected, could send you to Tijuana, Mexico instead of Portland, Oregon (or vice versa).

In finances, just like in navigation, small details can sometimes make all the difference. Our finances often hinge on a series of seemingly insignificant decisions. Even little variations in a daily, weekly or monthly routine can make a big difference. For example, if you spend just $6.00 per day over the course of a career (roughly 45 years), you might be giving up the investment potential for more than $1 million in savings!

Little differences really do matter. Now that you know, what will you change? How will you take advantage of small course corrections to improve your long-term results?

Here’s a great idea: track your spending and improve your savings in The Frugality Game!