Priorities
American are spending an average of $1400 per month on non essentials. That could add up to 1 Million dollars during a lifetime. JPMorgan Chase advised customers that their bank balances would be so much healthier if they “make coffee at home”.
The Trade off
Maybe the real life saver is life insurance. Americans spend an average of about $1,400 per month on non-essential items. Imagine spending just 5% of that on life insurance to make sure your family is protected.
Here’s some shameful monthly expenditures, online shopping “for non-essentials” ($84),, “subscription boxes” ($94), and impulse purchases ($109).
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Review your policy annually. Update beneficiaries. Buy more coverage with lifestyle change like buying a house, growing family or student loans.
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