Have you ever started talking with someone about money and thought, “This person really has it all together”? …and then later realized they waste their money by going out to lunch every. single. day. ?
Is Your Lunch Eating You?
It’s innocent enough, right? You manage your money well by driving a 10 year-old car and you live in a modest house, which saves you hundreds of dollars a month compared to your frivolous friends, so why not treat yourself a little bit for lunch? After all, it can’t make that much of an impact in the grand scheme of things, right?
My lunch that I take from home costs me $1.78:
- Bread = $0.17
- Turkey = $0.40
- Cheese = $0.08
- Banana = $0.15
- Clementines = $0.32
- Granola = $0.66
The average lunch in our work cafeteria costs $6.00. The food might be a little tastier than my lunch, but there’s definitely less of it (which leaves me hungry), and then of course there’s the obvious – it’s $4.22 more expensive.
For those of you that like to indulge in your cafeteria food – or worse yet, going out to eat at a restaurant – you’re shelling out a minimum of $91.43 extra a month…. and $1,097.20 a year! Whoa!
And let’s take it one step further.
For every dollar that I save, I almost always invest it (seriously, my wife and I live on just 33% of our income), so let’s say that over the next 40 years of our working lifetime, I invested an extra $1,097.20 a year more than you.
Are you ready for this?
By simply eating my self-made lunch vs. your cafeteria fanciness, I’ll have $319,000 more dollars than you in retirement… Three. hundred. THOUSAND dollars!! Don’t tell me the small changes don’t matter! It sounds like your lunch is DEFINITELY eating you! 😉
The Small Changes Investment Calculator
What if you not only switched from a cafeteria lunch to your take-from-home lunch, but you also made a few other small tweaks? Stuff like, cutting out your:
- daily latte
- bottled water
- cell phone payments
- weekend trip to the movies
If you got rid of these things and invested your savings instead, how much of an impact would this have on your future retirement??
Guess what?? It’s time to play around with the newest calculator I just created!
Download the Small Changes Calculator Here
Open the file and simply put a check mark next to each item you’d be willing to give up over the next 40 years (heck, you can even add an extra item if you’re really feeling frugal!). Then, the graph will show you how much your savings would grow into if the money was invested instead!
It’s pretty simple, but I bet it will blow your mind!
Based on your small changes, how much more could you have in your retirement?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.