Do Latinos Give up Things to Save Money?

It’s known for centuries that Latinos are not the wealthiest persons in America, of course with a few exceptions of some very successful Hispanics that have made pretty good living by working hard and making some type of sacrifice. Believe people, if this Latinos made is because they made a sacrifice, we all know that nothings is easy.

Think about these questions because it is important if you’re struggling to make ends meet.

What can you give up in order to save?

Now, as Latinos (excuse my generalization if you aren’t Hispanic), we have a tendency to want to buy or have all the things that we want now, because we didn’t have them before because if we were economically deprived. There is a general tendency of people who has never had money or had little money to blow away all of their money as soon as they have some.

I have seen my Latino friends blow money on cars (rims, sound systems, and then some.) I have seen people buying $120 jeans, a $135 pair of air Jordan collection shoes. I see these peers spending 50% or more of their take home money on a car, in other words, 50K car with a 30K job. They get caught up with the wave of advertising and also trying to keep up with “Jones.”

What are you willing to give up in order to save a little money?

I gave up starbucks coffee everyday $3.75 x 6 days =$90 a month. = $1080 a years. (I went crazy when I did the math.

I gave up going out for drinks with friends all the time. I just do it every once in a while (you have to have fun too). I didn’t even do math, I knew it was a lot. I just stop.

I gave up cable. $45/mo. I Changed the service to basic $15.99/mo. I’m saving 348/year.

I gave up a lot of other things. (These are just a few examples of things that I gave up just to put things in perspective). You must start with the smallest things and really think about what you vs. what you need.

So, what can you give up to save a little money?

Tags: Hispanic save money, Latino sacrifices, Latinos saving