The Biggest Waste of Money - Suze Ormn

[Anonymous]

Anonymous wrote:I actually agree. So many 20yo’s using Ubereats because they are too lazy to cook.

I was just about to write this. The kids that come hang out with my kids at my house order themselves and my kids Uber eats. Such a waste. They are so generous with their parents money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I actually agree. So many 20yo’s using Ubereats because they are too lazy to cook.

I was just about to write this. The kids that come hang out with my kids at my house order themselves and my kids Uber eats. Such a waste. They are so generous with their parents money.

I used to be shocked that parents gave their kids their credit card to shop but some parents can't be bothered shopping and cooking for their kids any more.

[Anonymous]

She's right for once.
I don't drink coffee so I have never bought one. I do make my husband coffee at home. He never buys it out. As for eating out ? Gave that up years ago. The filth those kitchens hold made me cook my own food. I don't eat fast food either. Don't drink wine. Don't even eat at anyone's house. But that's just me so don't get all huffy.

[Anonymous]

One useful aspect of only using my Amazon card is I get an annual report that shows how much I spend by category. Quickly learned that I ate out a lot more than I thought I did. I cut back a lot.

[Anonymous]

Anonymous wrote:She's right for once.
I don't drink coffee so I have never bought one. I do make my husband coffee at home. He never buys it out. As for eating out ? Gave that up years ago. The filth those kitchens hold made me cook my own food. I don't eat fast food either. Don't drink wine. Don't even eat at anyone's house. But that's just me so don't get all huffy.

That sounds miserable. You sound miserable, actually.

[Anonymous]

Eating out does cost ALOT.

Even if you just eat at Chipotle. That's about $15 for a bowl. If you eat at a nice restaurant, that's about $30 an entree. Can't drink anything other than water.

[Anonymous]

Restaurants have long covid. They never got back to normal. I only go to restaurants on travel, and even them I attempt to avoid it by eating in airport lounges or making pit stop at grocery stores. I used to love them and now I can't stand them. And the coffee is crappy compared to what I can make at home.

I do like meal kits though. They add interest and variety.

[Anonymous]

I've been playing around with retirement calculators and monthly spend has a big impact on your overall retirement savings. I was surprised that a few hundred extra a month really impacts the longevity of your nest egg. I am not a big spender so I haven't really done a budget per say but I do try to be mindful of eating out. It really does add up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:That might be click bait overstatement, but she had a point. Eating out is a waste of money, but not the biggest.

You need to eat. How is it a waste of money to eat food made by someone else sometimes? You're obviously paying for more than just the ingredients.

Suze doesn’t eat out because she has a live-in chef. She gets restaurant quality food at home.

Or, I guess, to put it differently - what beyond the barest essentials isn't a waste of money, in that case? Only things that you can sell if you need the money?

[Anonymous]

Anonymous wrote:I've been playing around with retirement calculators and monthly spend has a big impact on your overall retirement savings. I was surprised that a few hundred extra a month really impacts the longevity of your nest egg. I am not a big spender so I haven't really done a budget per say but I do try to be mindful of eating out. It really does add up.

+1

It does really add up, especially when younger. An extra $200 monthly saved in your 20s can mean an extra $1M+ in retirement. It doesn't mean you cannot enjoy your 20s. It means you should learn to budget, pay yourself first, and understand that savings should be important and is a $8 Starbucks special daily really worth it when you only make $65K/year. Treat yourself 1-2x/week and save the rest. Same for dining out/other splurges. DOn't have to deny yourself...but also don't have to get takeout/dine out 5+ times per week.