Hi all, some background info. My wife and I are mid-20s, combined to make around $25 an hour total together (around 50k), No kids. We have recently gotten our debt under control (back to min payments and most of the time throwing a couple hundred dollars at a time at high interest accounts.) We live in Boise, ID and pay to rent a room for $900, no utilities, safe nice house. After all of our debts, 401k, insurance, taxes, and monthly bills we have about $1700 for savings, food, gas, and other monthly expenses.
Now, I have been looking back at YNAB and I'm astounded at how much we are spending on food. We aren't wasting food and we cook at home typically about 5 nights a week, and groceries make up close to $400 of that number. The other 2 nights are usually eating fast food before we grocery shop on friday, or going out for a dinner Saturday night. The other stuff that adds up is vending machine, gas station, etc. My question is how do yall curb this? I know the logic behind stopping it, but as far as willpower goes, when I get unexpectedly hungry at 4 pm at work it's really simple to spend $2 on a frozen burrito for a quick pick me up. I have heard of the envelope method, but it makes me nervous having that much cash outside of the bank.
I just have to stop this bleeding. We could be miles ahead of our expected debt payoff date (APR 2019) if we could cut this in half, which from reading a lot of the budgets on this sub, is doable.
ANy tips or anecdotes?
Thanks.
Submitted September 01, 2018 at 11:06AM by OrangeEarPlugz https://ift.tt/2PrnFYq
