Ever think about how eating all those fast food meals for lunch are effecting your pocketbook. Let's do the math. You eat out 5 days a week at an average cost of $5 to $7 a day.
At $5 a day averaging 20 days a month (and some months more), but let's just go with 20 days x $5 = $100 a month x 12 months, that is $1200 a year. You could use that $1200 for a vacation, or as the title of this article states, start your own retirement fund. You do the math. Let's say you are currently 30 years of age and you save that $1200 a year x 35 years (retiring at age 65) = $42,000. Now that is just a straight $42,000 not invested in a mutual fund, IRA, or any type of fund that would pay some interest or grow over the years. It is a lot better than it just going down your throat, never to be seen again.
Let's do the math for $7 x 20 days = $140 a month x 12 months = $1680 x 35 years = $58,800. And if you spend more for lunch just do the math. It is a substantial sum of money going down the tubes (your esophagus to be exact)!
Years ago, when I worked in Corporate America, my co-workers would be mystified by my ability to buy a new dress, suit, coat, shoes, etc. each month. They consistently remarked on how good my wardrobe looked and wanted to know my secret. It was simple. I saved around $100 per month by bringing my lunch from home instead of eating out. I took some of what I saved for clothes and saved the rest. My friends were amazed that such a small change could have such great benefits for them.
I spend on average $2-$5 a week on lunch depending on what I buy. If for example I buy tuna, I can get that not on sale for $2 a can. Mixed with mayo or dressing, which I already have, that makes a week's lunch on a slice of bread, which again I already have in house, along with the piece of fruit. For those of you who are sticklers out there, tuna = $2; bread = $3; mayo/dressing = $3; that is still under $10 for the week, and at $5 a day for lunch, what you pay for two days of lunch I am getting lunch for a week. To be a bit more exact: remember, the mayo and bread last for more than one week, so the actual cost is even less than $10 per week.
For those of you who are already complaining you don't have the time to make lunch. Yes you do, after you have cleaned up after dinner, take the time to make up your lunch for the next day. Take some time on Saturday or Sunday to make up your lunch for the week.
So, start eating smart, and in the majority of cases a lot healthier, today, and the biggest PLUS is start saving lots of money for the special things you want and for an even better retirement.
Copyright 2005 DeFiore Enterprises
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach. Visit http://www.homebusinesssolutions.com to start today.
Ashton group transportation logistics management ..Like I said, If you are poor and on social... Read More
You have $100 in your bank account, your rent is... Read More
It's no secret that the market goes UP...the market, goes... Read More
There are few things in life that are more stressful... Read More
Offshore strategies may or may not be right for you.... Read More
I have given many prosperity lectures over the years and,... Read More
The fact is that most people continue to work for... Read More
Here's the truth: I have read hundreds and hundreds of... Read More
You've been thinking that your financial life could probably be... Read More
Is accumulating wealth as easy as following a 3-step plan?... Read More
This article focuses on generating cash as a full time... Read More
As many people have observed, "Success leaves clues." If you... Read More
Planning for the undesired, accidents and possible unknowns in life.... Read More
Remember the bloodied face of Randall "Tex" Cobb?He was a... Read More
Many people have a false understanding of what it actually... Read More
Compounding: The Ninth Wonder of the WorldBy Nicola Cairncross Compounding... Read More
You can learn the secrets of world monetary flow if... Read More
When you purchased your home, you most likely got a... Read More
Have you ever asked yourself what your highest income producing... Read More
You may think you have to be an entrepreneur to... Read More
We talked recently about the wealth formula:Spend less than you... Read More
A surprising number of readers want to know "Can a... Read More
Okay. So money doesn't really grow on trees. Unless you... Read More
Key 1 Pay your self firstkey 2 Saving is not... Read More
Simple tips on saving can very often make quite a... Read More
group transportation logistics management Highland .."It's the business of your life?and you're the CEO!" Gala... Read More
In his best selling book, "Rich Dad, Poor Dad, Robert... Read More
As you know, we're now well and truly in theInformation... Read More
There could not be a better time to mull over... Read More
Recently I was reading a book called The Millionaire Mind.... Read More
You have $100 in your bank account, your rent is... Read More
We will start the Financial Fitness System with the assumption... Read More
Look at Forbes' top 10 United States wealthiest people. Notice... Read More
We talked recently about the wealth formula:Spend less than you... Read More
Offshore strategies may or may not be right for you.... Read More
Planning for the undesired, accidents and possible unknowns in life.... Read More
The fact is that most people continue to work for... Read More
One of the things most of us have old ideas... Read More
Before I had a lot of money, I was really... Read More
I am often amused by the ads and offers I... Read More
There are plenty of people who are in love with... Read More
As you sit in traffic, inching along between irate drivers,... Read More
There is perhaps no more important decision than to take... Read More
As a woman Netpreneur, I sat down via e-mail with... Read More
Saving money for retirement can be easy or difficult depending... Read More
In my last article on Creating Residual Income I mentioned... Read More
Every day you work is one day closer to your... Read More
No one has complete control over their thoughts. But with... Read More
If you're reading this article, it means you are a... Read More
I counsel a LOT of people about money. I see... Read More
Wealth Building |