Anonymous
Post 01/18/2024 11:44     Subject: The Biggest Waste of Money - Suze Ormn
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.

Anonymous
Post 01/17/2024 21:59     Subject: Re:The Biggest Waste of Money - Suze Ormn
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
Post 01/17/2024 21:46     Subject: The Biggest Waste of Money - Suze Ormn
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
Post 01/17/2024 21:39     Subject: The Biggest Waste of Money - Suze Ormn
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
Post 01/17/2024 13:12     Subject: The Biggest Waste of Money - Suze Ormn
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
Post 01/16/2024 22:09     Subject: Re:The Biggest Waste of Money - Suze Ormn
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
Post 01/16/2024 22:03     Subject: Re:The Biggest Waste of Money - Suze Ormn
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
Post 01/16/2024 15:06     Subject: Re:The Biggest Waste of Money - Suze Ormn
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
Post 01/16/2024 14:59     Subject: Re:The Biggest Waste of Money - Suze Ormn
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
Post 01/16/2024 14:56     Subject: Re:The Biggest Waste of Money - Suze Ormn
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.