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

Personal Financial Problem - Term Paper ExampleIt is very easy for population to save bullion on their discretionary costs and use it in their habits comparable coffee or cigarette. This is because one might see that they are only using some coins to buy coffee. However, if these few coins rear be saved for a week or two, they can experience the significance of this saving.If we can make the calculations of the amount we can save if we dont take coffee per day, and project it for 1 year, 10 years and even 20 years to people, some might change their minds about non winning coffee. Especially, those from large families of around ten people, if you save $20 per day, it results to saving $146,000 after 20 years. One would see that this amount of money is too gamy and can begin to save. However, to save this amount, one can resort to purchasing alternative beverages that cost less by $2 or more like cappuccino. We can make people realize that saving after a period makes a huge sav ing in the end (Lorenzo, 2013). To make people stop 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 habit-forming beverage with caffeine component that is considered a drug. It, whence, 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 dependency bring to us. One will go to an extent of cutting on their budget for basic needs like food 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 in force(p) and put their eyes on the goals to achieve