Helping Military Families Understand the True Cost of Convenience
Buying a candy bar or sports drink at the gas station or an impulse purchase at the grocery store are common examples of spending leaks—dollars unintentionally spent. Meal delivery services are another example of a significant spending leak, with Americans spending an estimated $26.5 million per year on food delivery, including the hidden costs of food delivery that can add 36% to the bill. Since payments are digital, a consumer often does not “feel” the true cost of the expense. When you factor in other automated transactions like streaming subscriptions, memberships, auto-shipped items, and purchases influenced by “fast fashion” or trendy goods or services, it is not surprising when service members get to the end of the month and wonder where their money went. Join this webinar to help service members understand the cost of convenience and explore strategies to stop spending leaks.
Presenter: Dr. Jennifer Hunter, Extension Professor & Assistant Director of Family and Consumer Sciences, University of Kentucky
Approved for 1.5 hours of CFLE continuing education.