This post explains how to quickly build up net worth without feeling deprived. If I can help it I simply don’t start a routine (which costs money) that is hard to quit. Below are 4 categories where I spend less than the average person. The reason I appear to be frugal in these categories isn’t because I want to save money, but it’s because I’ve never developed a desire for these consumer goods to be a part of my life in the first place.
Eating Out: The average Canadian household spends about $40 per week on restaurant food. I spend $5. This isn’t about the money. I just find it faster and more convenient to prepare my own food at home because most dishes I make take less than 15 min to prepare.
Coffee: The average adult consumes about 2.7 cups a day. A weekly cost of maybe $15. I spend $0 because I don’t drink coffee. I just don’t like the taste. Coffee is bitter *ick* 😐 It’s not about the money because I wouldn’t drink coffee even if it was free.
Alcohol: The average Canadian household spends about $858 a year in this category. I spent about $20 last year. A $16 weekly difference. I don’t like how alcohol makes me dizzy. Plus I haven’t developed a taste for beer yet. Again, bitter doesn’t agree with my taste buds.
Cable TV: $30 per month is on the low side of what people pay for TV. I pay $0 because I don’t have cable. I’m not trying to be a hipster. Even if I got 250 channels for free I still won’t watch TV because there are better things I can do with my free time 😀 Besides, all of my favorite shows can be legally streamed online for free anyway >^_^<
As we can see by the graphic above, by limiting these unnecessary expenses, which I don’t care for much, I’m on my way to save over a quarter million dollars by the time I’m in my 50s, which I do care for a whole lot (｡◕ ‿ ◕｡) Some people have developed a habit of drinking coffee and they get groggy and can’t stay focused without their daily fix 🙂 I don’t know what that feels like for them, and I hope I never have to find out. Maybe some people need caffeine for medical reasons, no one is here to judge 😎 My theory is that fast food, caffeine, beer, and watching tv, can all have the potential to be addictive habits which becomes harder to break over time. Of course for most people it’s no big deal. Maybe the thousands of dollars they spend on those routines in moderation is worth it to them because they have more needs, ie: family, better social life, fear of missing out, etc. Besides, just because I can save more money in these categories doesn’t mean I won’t spend the savings somewhere else 🙂