Personal Financial Problem Term Paper Example | Topics and Well Written Essays - 500 words

Personal Financial Problem - Term Paper ExampleIt is very subdued for people to save money on their discretionary costs and use it in their habits like drinking chocolate or cigarette. This is because one might see that they are only using hardly a(prenominal) coins to buy coffee. However, if these few coins put forward be saved for a week or two, they back experience the signifi basince of this saving.If we can fake the calculations of the hail we can save if we dont take coffee per day, and project it for 1 year, 10 geezerhood and even 20 years to people, some might change their minds about not taking coffee. Especially, those from stupendous families of around ten people, if you save $20 per day, it results to saving $146,000 after 20 years. integrity would see that this amount of money is too high and can begin to save. However, to save this amount, one can resort to get alternative drinks that cost less by $2 or more like cappuccino. We can make people realize that s aving after a period makes a huge saving in the end (Lorenzo, 2013). To make people drop by the wayside taking coffee even if they say they enjoy it, we can make them realize the cost of taking coffee and compare it with the cost of taking another beverage after a period of time (Richard, 2013).Coffee, first of all, is an addictive beverage with caffeine component that is considered a drug. It, therefore, influences peoples behavior as it has an addictive feeling (Tiago, 2014). However, once one has already begun taking it, it becomes hard for them to stop (Rob, 2013). There are personal problems that such coffee or cigarette addiction bring to us. One will go to an extent of cutting on their budget for basic needs like regimen to go take coffee. It therefore leads to lack of proper budget planning and following (Scott, Cynthia, & George, 2008).People can also use budgets to help them plan their expenditure. They need to have their financial goals right and put their eyeball on t he goals to achieve