skip to Main Content
custom logoAdamson & AssociatesAdamson & Associates
33 User Reviews
| Get Debt Help Contact Us

How Much Are Your Habits Really Adding Up To?

Ever wonder why you don’t have two nickels to rub together? It’s true that those bad habits can really add up. But, do you know how much?

Let’s take a look… one bad habit at a time.


Are you a smoker?

Say you have a modest habit…a pack a day.

At $14 a pack, you’re spending $420 a month.

You already know it’s not good for you. But that’s an obscene amount of money.

 Lunches Out

How about fast food?

Are you one of those people who grabs lunch at a fast food place several times a week?

Not only is fast food a really unhealthy choice, you’ll rack up big bucks.

Just three times a week at your favorite fast food joint, and you’re out $120 in one month. For some people, it’s even more often.

Granted, you do have to eat. But you could eat for far less.

Or maybe you could clean up the leftovers in the fridge before they turn into lab experiments.

 Fancy Coffee Drinks

A nickel cup of coffee was the roadside diner norm in 1960. Well, it ain’t 1960…and coffee costs a whole lot more.

If you’re fond of froufrou coffee drinks, you’ll pay big time.

Say you buy a skinny vanilla latte, not everyday, but every work day. You’ll have spent $88 in just one month.

Where’s that Thermos® you used to own?


Like to go to the movies every so often?

Canadians spend a lot of time with screens and the big screen is no different.

And few people go to the movies alone.

Between the price of admission, a bucket of popcorn and a couple of sodas, you’ll spend $80 going to the movies twice a month.

You can stream movies for a lot less…and eat something healthier than butter-drenched popcorn.

You could also go for a bike ride or a run, eh? Just a thought.


We Canadians love our beer.

While many people don’t drink, those who do might consume, on the moderate end, around a case of beer a month.

That can bump up your so-called grocery budget by $40 or so, depending on the brand.

Depending upon your taste in wine, that habit can be even more expensive.

Bonus Habit: Credit

Here’s a bonus habit: Research shows that people spend around 15% more when paying by credit card.

What’s the total cost? Who knows.

But you’re better off leaving the plastic at home.

Bottom Line

So, let’s say you have a smoking habit, a thirst for beer and you love to go to the movies.

How much do your habits add up in one year’s time? Wait for it… $6,480.

Now your mileage may vary, and you may not have any of these habits Congratulations.

But let’s look at it another way.

If you take $50 a month out of four of your biggest spending categories — food, entertainment, clothing and transportation — you’ll have $2,400 to save, invest, or pay down your debt.

If, despite all your efforts, you need additional help with your bills, call Adamson & Associates at 519.310. JOHN (5646) and consult a Licensed Insolvency Trustee.

The consultation is free.

How much are your habits really adding up to? Ever wonder where all your money goes?

Do your paychecks seem to disappear, like magic, before the next one comes? This video will show you some easy ways to create more money in your life. We will show you how to do it, calculate how much you will save, and what you can expect to achieve after one year.

There are six key areas in your life where you may be able to save a few thousand, or more, by this time next year. Learn about the activities and habits that can save you money immediately. You will see how easy it can be to change your finances for the better, today. The small changes you make will add up to some pretty big savings over time.

If you could use an extra couple of hundred in your budget this month, or a few thousand for something down the road, don’t overlook these simple, but effective, financial strategies to help you accomplish your goals.

If you find that these tips are just not enough and you need help with your bills, please call Adamson & Associates at 519.310. JOHN (5646) and schedule a free consultation with a Licensed Insolvency Trustee.

John Adamson, CPA, CMA

John is a Licensed Insolvency Trustee (1994), a Chartered Insolvency and Restructuring Professional (CIRP – 1994), and a Chartered Professional Accountant with a Certified Management Accounting designation (CPA, CMA – 1992). His experience includes more than 25 years of helping individuals, small businesses, their owners and even lenders, find solutions to their debt problems.

Back To Top