Used to throw away half my grocery budget on takeout

Five years ago I was spending like $400 a month on DoorDash. Every night. Didn't even think about it. Then I sat down and did the math one January. Almost had a heart attack. Now I meal prep every Sunday. Spend maybe $150 a week on groceries. Saved enough in one year to pay off my truck. Anyone else have that moment where you actually looked at your food spending and wanted to cry?

3 comments

3 Comments

derek9947d ago

Buddy of mine did that and paid for a whole vacation.

sam_murphy397d ago

Yeah but that's like saying one lucky lottery winner proves it's a good investment. Most people who try that end up deeper in debt with nothing to show for it but a maxed out card. Unless you're incredibly lucky or have a solid repayment plan already set up, the interest will eat you alive before you ever see a vacation.

the_charlie7d ago

Derek's buddy is the exception not the rule lol. The interest on a maxed out card these days is like 25% or more so unless you can flip that vacation debt in a month you're basically paying double the price. Not to mention people forget the balance transfer fees are usually like 3-5% upfront which eats into any savings too. Plus most cards only give you 0% for 12-15 months max then the hammer drops. Seen way too many people on the personal finance subs crying about their card being at 29% APR with a $400 minimum payment they can't afford.