Finding areas where you can save can be tough. After all, who wants to cut out expenses that make our life happier such as dining out. Same goes for things that make our life easier like our cars.
What if, though, some conveniences are actually unnecessary expense drains in disguise. Those of which keep you from paying off your debt, saving money for emergencies, and investing for retirement.
One of those convenient money suckers is dry cleaning. Specifically, the people that wash some of our clothes under the disguise that it would be too much work for us to do ourselves. The entire industry is basically one big play for your money.
Any cleaning process for clothing and textiles using a chemical solvent other than water. It is used to clean fabrics that degrade in water, and delicate fabrics that cannot withstand the rough and tumble of a washing machine and clothes dryer. It can eliminate labor-intensive hand washing.
Dry cleaners are cleaning out your bank account!
Their premise is straight forward. The “nice” clothes we wear to work, on accessions such as weddings, or when simply going out for the night are too delicate to be tossed in the washing machine.
My premise is also straight forward. I think we could easily wash this type of clothes ourselves. Why can’t we wash our nice things in the sink with cold water and mild detergent?
With some exceptions of course. Such as wedding dresses and suits or prom attire. Dry cleaners are cleaning these garments for a reason. They are too darn complex to wash ourselves.
Your clothes won’t be ruined when you wash them yourselves. I myself have been doing so for years and have yet to see a piece of clothing succumb to my devil-may-care laundering ways.
I have however saved a ton of money over the past years by washing my work attire myself. Pants would cost me $4 to get cleaned while shirts cost $2. Doesn’t seem all that much, does it?
Dry cleaners are cleaning out your bank account for $1,500!
If this still doesn’t sound like an expense drain, let’s pretend-invest it. At an 8% investment gain, your expense drain turns into close to $25,000 over a ten year period. Yikes!
What do you think? Could you stop washing all of your clothes yourselves, save all this money, and invest it instead? It could help you pay off more of your debt. What about saving for an emergency fund? Or you could invest it!
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