You know what I am sick and tired of hearing? Older generations telling us that, if we want to be successful at saving money, we have to stop going out to eat so much. Seriously, do they know how hard it is to STOP going out to eat when a new vegetarian ramen restaurant pops up in your neighbourhood every second week?!
There’s heaps of valid reasons why going out to eat is bad for your savings. I mean, we all know that paying $25 for a margarita pizza is slightly ridiculous when we could cook that bad boy up at home for a fraction of the price, but there is just so much more to it than that.
I Never Want To Restrict Myself
Firstly, let’s talk about the negative impact that restriction can have on your savings. Telling yourself that you aren’t allowed to spend money on something is psychologically detrimental because it make us want to spend that money even more. It’s the same as when you tell yourself that you aren’t allowed to drink during the week (why do we do that to ourselves?!). I swear this restriction makes you want to crack open a beer on a Monday night even bloody more. When I tell myself that I can’t go out for the occasional meal, it ends with me hitting up seventeen different restaurants in the space of seven minutes. Okay, that is a slight exaggeration, but you get the point. The more I tell myself that I can’t eat out, the more money I end up spending on food.
I’m All About Living My Best Life
The other main reason that I’ll never stop spending money on food is because I just don’t want to. For me, buying different types of food, trying new cafes and going out with my friends for dinner is something that I derive a lot of pleasure from. If spending my money on food is something that makes me happy, then why the bloody hell would I stop doing it?
I know that you’re probably reading this blog to find out ways that you can save money, rather than spend it, but this blog is also all about how you can keep living your best life as a twenty-something. I’m never going to tell you to stop spending your cash on iced lattes, or on acai bowls, or on anything else for that matter. Instead, I’m going to tell you to spend your money on whatever makes you happy.
The most important thing, though, is that you separate your money AS SOON as you get paid so that you know how much money you can allocate to spending on whatever the hell you want. Personally, I set aside my rent/bills money first and then stash away 30% of my income into a high interest savings account so that I can hit my money saving goal.
Check out how I separate my money in the chart below.
After paying for all the boring shit, I’m left with 39% of my income to spend on whatever the hell I want and YES that mainly consists of pizza, booze and acai bowls (sue me).
I Wanna Keep Stimulating The Economy
You don’t need to be an economist to know that hoarding all of your cash under your mattress is bad for the economy. At a time like this, when small businesses are hurting and people are struggling to make ends meet, I feel like it’s pretty much my civic duty to be splurging on $20 avocado toast from my local cafe.
With the closure of so many local pubs, restaurants and cafes during ISO, I managed to save a fair bit of money. It’s only fair, now, that I give back to these small businesses in order to keep them alive.
So, once I’ve paid all my rent and bills, and made sure to stash enough money away each week to hit my savings goal, then I am going to keep spending that leftover money on ridiculously expensive food and no amount of nagging from my parents can convince me otherwise.
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The Stingy Bitch
Based in Sydney, Australia.
Created in 2020.
This site and all of it’s contents are provided for entertainment purposes only and do not constitute personal financial advice. All products that are mentioned are general product advice only, not personal product advice. Not all options are presented and my opinions are subject to change. All content and posts have been prepared as a general summary only and is not intended to be financial advice with respect to any particular matter. This post should not be relied on with respect to any particular matter. If you have questions about any aspect of the content or this site or otherwise require personal financial advice, you ought to seek financial advice. The author disclaims liability to any person who relies on this post.
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