For the first time in 18 months, the Dow Jones industrial average tipped the scale over 11,000 points on Friday and then closed at 10,997.35.  This is a 70 point improvement from yesterday’s trading and expectations are that it will close above 11,000 on Monday.

Housing prices seem to be stabilizing and mortgage rates are still low and with the Dow up nearly 68% since its closing low on March 9, 2009 and the NASDAQ up nearly 90%, it appears the fears of a double dip in the recession may be calming.

On the employment spectrum, unemployment is still at 9.7% and 33 states are out of money for unemployment insurance.  More than 200,000 Americans are waiting for the Senate to restore their extended unemployment insurance.  Approximately 11.2 million people are collecting unemployment insurance and the average length of collection time is 31.2 weeks.

A lot of things are still up in the air in regards to the economy, but overall, it seems things are looking up.  We’ll see how this 2nd quarter pans out with the stock markets, housing market and housing.

These days, everyone is looking for a way to save some of the hard-earned dollars we are all clinging onto so tightly. Most people would probably say they have really cut back on their spending. However, people spend money as a part of their daily routine and a couple bucks here or there never really compute to the reality of what that number looks like over the course of a year. Walletpop.com recently published an article highlighted exactly what some of these bad habits really cost you, and after reading it, you might cringe yourself. According to the article, if a person participates in all of the daily spending habits, they are looking at around $12,288.50 per year. We’ve listed just a few of these habits that were highlighted in the article below.

Soda
For example, if you go to the vending machine or the gas station one time a day and spend $1.50 on a soda, that translates into $547.50 a year (before tax). Make that three a day and that’s a whopping $1,642.50.

Coffee
The daily trip to the barista for one cappuccino a day will cost you on average $1,442 per year. If it’s only during the work week, you’re still looking at $1,031 per year.

Lottery
A buck to win millions of dollars.

Doesn’t sound bad, does it? But, you do that every day and you’re looking at $365 per year in lottery tickets. And do people usually just buy one? Probably not. Statistics say you have more chances of getting in a car accident, plane accident or struck by lightening than winning the lottery. Doesn’t mean it’s impossible to win. After all, Hurley won, right? But, wouldn’t you like to put that $365 back into your savings account?

French Fries
Now we all know how bad French Fries are for you, so never mind the medical expenses they may cause down the road from health problems. But, getting fries with your combo meal three times a week at a fast food restaurant will cost an extra $80 per year. Get fries with your restaurant meal twice a week and you are looking at $312 per year.

Car Maintenance
Before you go out and purchase a new car, consider the cost to keep your current one. Small changes in the maintenance of your car can save money and is much less expensive than a car payment. Driving your car with the correct amount of pressure in the tires could save you as much as $172 per year. A clogged air filter could cost $180 per year.

Cigarettes
This is one of the more expensive categories. A pack of cigarettes at the gas station will cost anywhere from $5 to $10/pack depending on what state you live in. At that price, one pack per day translates between $1825 and $3650. Make that two packs a day and you are looking at $3650 to $7300 per year.
There’s probably 50 other things we all mindlessly spend money on, but it’s always good to take a step back and evaluate the budget and determine where to cut back and where to spend more. We still have to enjoy the simple pleasures in life, so if that Starbucks coffee or lottery ticket puts an extra bounce in your step, then by all means enjoy it.