I would add one more thing, which most people don't have as its own line item but it should be: Alcohol. Whether it's out at a bar or restaurant or at home, even a pretty moderate habit is $200-500 per month per person. I rarely drink, just not a fan - I have a substitute habit that runs about $25/month and is worth every penny.
You’re exactly right, Katie. I included it under “Cut Costs by Conquering Bad Habit Spending” and used my personal example. I didn’t want to give it its own line item because I know people who don’t drink but have other bad habit spending. It’s important to highlight all costs that can be cut, no matter the vice.
I just mentioned alcohol specifically because some people think it's only a bad habit if you have a drinking problem. But when you see how much you spend on it without classifying it as entertainment or groceries, it can be eye-opening. Other bad habits like smoking are more obvious to everyone.
Liked the tips on wifi negotiation and lowering the cost on gas. Do u have similar tips for lowering costs on groceries and medical costs?
Of course, "Think You're a Smart Grocery Shopper?" coming this month.
Truly an eye opening write up on unnecessary wastage of money.
Appreciate your words Chidanand!
I would add one more thing, which most people don't have as its own line item but it should be: Alcohol. Whether it's out at a bar or restaurant or at home, even a pretty moderate habit is $200-500 per month per person. I rarely drink, just not a fan - I have a substitute habit that runs about $25/month and is worth every penny.
You’re exactly right, Katie. I included it under “Cut Costs by Conquering Bad Habit Spending” and used my personal example. I didn’t want to give it its own line item because I know people who don’t drink but have other bad habit spending. It’s important to highlight all costs that can be cut, no matter the vice.
I just mentioned alcohol specifically because some people think it's only a bad habit if you have a drinking problem. But when you see how much you spend on it without classifying it as entertainment or groceries, it can be eye-opening. Other bad habits like smoking are more obvious to everyone.
Yes it is! Thanks George.