How to Save Money Fast Cooking Healthy Meals
Senior Home Loan Advisor
Caitlin Chen
Published on January 12, 2021

How to Save Money Fast Cooking Healthy Meals

Millennials love of healthy eating has transformed the restaurant industry to cook healthier meals. This trend of course, comes at a
higher price when dining out. However, there is no need to sacrifice your hard-earned money for a healthy meal.

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Why not brown bag your lunch for an even healthier meal prepared with your own two hands?

I know, brown bagging your lunch may not sound like a sophisticated thing to do especially when you’re working in an office where everyone is going out to the nearby fancy food court to eat lunch. It’s called
Keeping up with the Joneses.

If we can’t afford to keep up with the Joneses in terms of buying fancy sports cars and homes, why not do it on a smaller scale such as
eating out for lunch?

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You may want to think twice as it will cost you a pretty penny in the long run.

The True Cost of Dining Out

The problem is, it no longer will cost you $1.99 for a hamburger, fries and coke like it did 35 years ago (some millennials weren’t even born yet). It will now cost you at least $10.00 for a half decent meal with a glass of free water and ice. Add on the sugary drink, and it will cost a good $12.00 plus tax.

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This may not sound like much, but here’s what it may add up

$12.00 X 5 days a week = $60.00

$60.00 X 4 weeks in a month = $240.00

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$240.00 X 12 months = $2880.00

$2880.00 X 5 years = $14,400.00

By doing the above calculations, you can see that over a 5-year period of just eating out for lunch every day, can deprive you of a $14,400 increase in your retirement account, not counting the compounding interest that accrue over the years.

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Lunch Money > Debt Payoff Money

According to an article by CNBC, 49 percent of millennials spend more on restaurant food than they save for the future.

Of course, once you’ve gotten used to dining out on a daily, it certainly is tough to break the habit. What I started doing to assist me in breaking the habit is to actively allocate the money I would have used to dine out, to pay down my credit card debts.

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Yes, it may sound strange, but I would make a $10.00 payment towards my credit card debt at least three times a week on those days that I brown-bag my lunch. What started out as three times a week is often now five times a week.

With the existence of online banking, making a small payment towards your credit card debt is quick, easy and free. Just log-in, and with a click of a button, you’ve made another payment which gets you closer to being debt free.

Pay Down Debts More Frequently

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By actively paying off your debt with every penny you save, can save you the mental burden of trying to hold on to that money for an entire
month and then paying your credit card debt when it’s due.

If you’re like me, most of the time, you’ll find an excuse to spend the money you’ve saved on something you never needed in the first place.

Brown Bag to a Wealthy Retirement

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Once you’ve paid down those debts, it is now time to add the
extra money you’ve been paying towards your debts, to now go towards your retirement savings.

Saving an extra $50 a week doesn’t sound like much, but after 30 years with only a 5.0% return, it will add up to about $166,000.

Healthy Meals = Healthy Finances

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Oh, and remember that sugary drink I spoke about earlier which will cost you an extra $2.00?

Well, that extra $2.00 per day can easily lead to obesity in the future and not to mention possible health conditions that can land you in the dreaded Doctor’s office which may cost you hundreds or thousands of dollars in the long run.

Final Thoughts

Next time you head to work, don’t forget the brown bag with
a healthy meal that will slim your waist and fatten your wallet.

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Senior Home Loan Advisor
Caitlin Chen Senior Home Loan Advisor
Click to Call or Text:
(213) 248-1230