What is Your Biggest Financial Vice?

Posted by on Feb 6, 2012 in Finance | 0 comments

What is Your Biggest Financial Vice?

I was thinking about what my biggest vices are when it comes to staying healthy. As it turns out, my #1 health/fitness vice is also my #1 financial vice  eating out at lunch time. I really enjoy escaping from everyone and grabbing some lunch alone.

Unfortunately, eating out inevitably translates into less healthy meals and considerably larger expenditures than if I just packed a lunch. Assuming I do this 3-4 times a week, and estimating the “overage” at $6-8/meal, lets do the math.  At an average of $7 for lunch, four times a week we would spend $28 a week. multiply that fifty weeks a year you come up with  $1400. Over a thirty year time span $42,000. Add in compound interest and it’s enough to retire.

A much cheap and healthier, but still enjoyable alternative (at least for the weekday lunch ritual) would be to pack a lunch and then skip out of the office when it’s time to eat.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>