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Slash your vices, stash more cash

By Crissinda Ponder · Bankrate.com
Friday, April 19, 2013
Posted: 3 pm ET

Are you cutting costs left and right but still can't stop your wallet from draining? Put a plug in it by dropping your vices.

Fellow frivolous spenders, this one's for you.

Thanks to "The True Cost of Your Vices," a new eBay Deals interactive quiz, spendthrift consumers can get an idea of how much they can save annually by skipping out on the items that tug at their pockets the most.

The eBay Deals team crunched the numbers and found that the most common vices are alcohol, cigarettes, coffee, fast food, lottery tickets and sodas.

"Across the board, we could each save an average of $1,300-plus a year if we quit these vices," says Katie Valente, senior manager at eBay Deals.

The quiz asks simple questions about whether and how frequently you indulge in the six common vices, and also gives a breakdown of the health risks -- and price tags -- that come with each vice.

I took the quiz and learned I could save a little more than $1,000 a year if I gave up my Starbucks addiction.

"With the average consumer strapped for cash, this extra money could help pay down debt or pad a savings account," Valente says.

You can take the quiz at CostOfYourVices.com.

Which of your vices are you planning to let go?

Follow me on Twitter @CrissiPonder.

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