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The $186,000 Lunch

We’ve all been there.

You get out of the routine of putting together a lunch the night before. Other obligations throw off your meal prep time. A hamburger and fries sounds better than the leftovers you have in the break room fridge. Before you know it, you’ve eaten out for lunch more days in a row than you care to admit.

Packing a lunch versus eating out: Many of us are aware that eating out is more expensive than packing a lunch, but are we aware to what extent? I went to the grocery store to find out.

I planned three lunches and came up with the following prices:

Sandwich, chips, apple - $1.81

Pre-made Salad and apple - $2.10

Pork chop, rice and apple - $2.42

Let’s guess high on this estimate and say that on average, lunch costs $2.50. I have posted the fine print on my grocery math at the bottom if you want to dive into it further.

Now that we’ve covered the packed lunch, let’s go to eating out. I’m also going to estimate low on the average lunch price and say we spend $8 when we eat out. In addition, we also have gas and maintenance on our vehicle. Let’s assume it costs 40 cents per mile and that we drive on average three miles from our place of work (six miles round trip).

All in, our lunch when we eat out adds up to $10.40 per time.

If we pack a lunch instead of eating out five days a week and 50 weeks per year we save $1,975 per year. Instead if we invest this money and compound it at 7% for 10 years, we now have over $27,000. Compound that over a 30 year working career, we now have over $186,000.

I want to be clear, I’m not advocating for never eating out, as a lot of good things can come over lunch - such as networking, business being accomplished, etc.

However, I am a big advocate for considering the long-term effects on our wealth before we make short-term decisions. Sandwich, chips, leftover pork chops, salads - they all sound like the most delicious option when considering the long-term effect.

What other things in our day should we consider that can have a similar impact? Frequency of purchasing clothes or vehicles? That after work beer? I would love to hear your feedback. E-mail me at cody.forbush@tsprosperity.com.


Estimated lunch Costs:

Turkey

 $  0.1620

Per 2 slices

Ham

 $  0.0748

per slice

Cheese

 $  0.0732

per slice

Oatnut Bread

 $  0.3200

per 2 slices

Pickles

 $  0.0381

per 3 chips

Romaine Lettuce

 $  0.0442

per sandwich

Variety Chips

 $  0.2768

per bag

Apple

 $  0.8164

per apple

Total

 $  1.8054

 
     

Pork chop

 $  1.2400

per 8oz pork chop

Rice

 $  0.3660

per portion

Apple

 $  0.8164

per apple

Total

 $  2.4224

 
     
     

Salad

 $  1.2900

per serving

Apple

 $  0.8164

per apple

Total

 $  2.1064

 

 

About TS Prosperity Group: We want to be your partner in creating a plan that secures and empowers your financial prosperity, while giving you the ability to care for your family today and for generations to come. Contact TS Prosperity Group today by calling 844-487-3115 to schedule your prosperity planning meeting.


Cody Forbush-2

Cody joined TS Prosperity Group in 2017. As an Investment Strategist, Cody sits on the Investment Committee and helps with the research, investment recommendations, and portfolio construction. His role also includes taking the message from the Investment Committee and delivering it to the client in a way that makes sense. Cody comes from a rural farming community in Idaho. He earned a Bachelor’s degree in Business Administration with an emphasis in Investment Science and Portfolio management from the University of Nebraska at Omaha (UNO).  He also completed a MBA degree from UNO with an emphasis in Risk Management. Cody is currently studying for level II in the CFA program. His work experience includes assisting high net worth clients plan around their goals, and developing an all-encompassing strategy to help accomplish those goals.    

 

Topics: Wealth Management

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