ITT One of the Best Financial Decisions I Have Ever Made

[MyAvatar]

About to share some common sense with most of you bros, but I think it's worth voicing what a lot of people already say.


1.) Avoid eating out regularly.
2.) Try not wasting money on things like Starbucks ,etc.


Both habits are easy to develop in high frequency, so over time you waste money due to volume. I cut out both the above more than two years ago and was able to put money down on a place.

Investment > habitual waste brahs.

Totally worth it.

[ThisIsMyAlias]

On the topic of basic financial chit that a huge chunk of the population doesn't get: pay off your credit card every month, the full amount, not just the minimum payment or whatever, paying interest on your purchases is stupid as chit and makes everything more expensive. Credit cards can be really helpful for building up your credit score, collecting cash back/rewards, and ease of payment but they make all their money from retards who don't pay the full statement every month.

[MyAvatar]

On the topic of basic financial chit that a huge chunk of the population doesn't get: pay off your credit card every month, the full amount, not just the minimum payment or whatever, paying interest on your purchases is stupid as chit and makes everything more expensive. Credit cards can be really helpful for building up your credit score, collecting cash back/rewards, and ease of payment but they make all their money from retards who don't pay the full statement every month.

For sure. I don't carry a balance on my card. I use my card for all regularly recurring expenses so i can get points and travel for free.

[WhiskeyDavid]

On the topic of basic financial chit that a huge chunk of the population doesn't get: pay off your credit card every month, the full amount, not just the minimum payment or whatever, paying interest on your purchases is stupid as chit and makes everything more expensive. Credit cards can be really helpful for building up your credit score, collecting cash back/rewards, and ease of payment but they make all their money from retards who don't pay the full statement every month.

Bruh.....did you read the book, " I will teach you to be rich." By Ramit Sethi or whatever his name was.

Great fukkin book. He says the exact same thing.

[MyAvatar]

Bruh.....did you read the book, " I will teach you to be rich." By Ramit Sethi or whatever his name was.

Great fukkin book. He says the exact same thing.

I haven't. A lot of people talk about him. Most of the people that seek out advice from folks like Sethi, are people who I rarely see follow through so idk.

[Benihanas]

On the topic of basic financial chit that a huge chunk of the population doesn't get: pay off your credit card every month, the full amount, not just the minimum payment or whatever, paying interest on your purchases is stupid as chit and makes everything more expensive. Credit cards can be really helpful for building up your credit score, collecting cash back/rewards, and ease of payment but they make all their money from retards who don't pay the full statement every month.

On the topic of credit cards, the longer you keep a credit card, the better it reflects on your credit report. I still have the first credit card I ever opened, I never use it, and the account stays active.

[WhiskeyDavid]

I haven't. A lot of people talk about him. Most of the people that seek out advice from folks like Sethi, are people who I rarely see follow through so idk.

It's a good read. I'm following through with his advice right now.

Also, I like Dave Ramsey, that debt guru. I have his book. I'm not currently in debt but it's a good read.


Always up for suggestions for good financial books. Enjoy reading all of them.

[woahhh]

Bring lunch to work crew

[Romaleos]

Age: 28

I sure would hope you get your chit together and have some equity by that age.

Mirin brah. Just getting over the "got my first job out of college so I'm going to buy a bunch of useless chit" phase.

[GuineaDago585]

This is the biggest thing for me. I can't seem to bring myself to not eat out. I literally don't buy anything other than necessities. I haven't bought new clothes since March, I haven't bought new electronics since 2012, I haven't splurged on anything I don't need. Despite this, I'm constantly finding myself spending as much as $20-$50 a day on Chipotle, Starbucks, Panera, taking my girlfriend out to eat at restaurants, frozen yogurt, etc. and I justify it everytime because food and drinks are necessary to survive.

I sometimes get scheduled for short days at work in which I don't get a lunch and love it because that means $15 more dollars in my pocket that I would've otherwise spent going out to eat for lunch.

[WhiskeyDavid]

This is the biggest thing for me. I can't seem to bring myself to not eat out. I literally don't buy anything other than necessities. I haven't bought new clothes since March, I haven't bought new electronics since 2012, I haven't splurged on anything I don't need. Despite this, I'm constantly finding myself spending as much as $20-$50 a day on Chipotle, Starbucks, Panera, taking my girlfriend out to eat at restaurants, frozen yogurt, etc. and I justify it everytime because food and drinks are necessary to survive.

I sometimes get scheduled for short days at work in which I don't get a lunch and love it because that means $15 more dollars in my pocket that I would've otherwise spent going out to eat for lunch.

Small victories bruh. Take snacks and food with you. prepare a lunch. Things simple like that. It helps.

I know those feels.

5 bucks here. 5 bucks there, and before you know it, at the end of the week you've spent 30-40 bucks just going out to eat. In the span of a month, wasting like 160 bucks just going out.

[MyAvatar]

Age: 28

I sure would hope you get your chit together and have some equity by that age.

Mirin brah. Just getting over the "got my first job out of college so I'm going to buy a bunch of useless chit" phase.

Here is the thing. The older you get, the more irresponsible people seem to get. Srs. Hehe.

[MyAvatar]

Bring lunch to work crew

I keep oatmeal packets at work and a tub of protein. It costs me under 1.00 a meal and it can all be prepared within 1 minute while at work .

[BloodyUge1]

Eats out everyday, starbucks everyday crew.

[WhiskeyDavid]

Aware me on the difference between having a debit card and a checking/savings account

Because I have a debit card, that also has a checking and savings account option whenever I go to the ATM, so how is that different from just going to the bank and opening up a checking/savings account.

Sorry for being full potato

[MyAvatar]

This is the biggest thing for me. I can't seem to bring myself to not eat out. I literally don't buy anything other than necessities. I haven't bought new clothes since March, I haven't bought new electronics since 2012, I haven't splurged on anything I don't need. Despite this, I'm constantly finding myself spending as much as $20-$50 a day on Chipotle, Starbucks, Panera, taking my girlfriend out to eat at restaurants, frozen yogurt, etc. and I justify it everytime because food and drinks are necessary to survive.

I sometimes get scheduled for short days at work in which I don't get a lunch and love it because that means $15 more dollars in my pocket that I would've otherwise spent going out to eat for lunch.

Brah why don't you just eat out less? Get your gf to foot the bill half the time. Srs.

[Domstar104]

Who the fuks got time to go to a restaurant more than once a week, as for the starbucks thang...grow up

[Angra_Mainyu]

Fascinating OP, you are telling me that if I buy less chit, I will have more money?

Do you realize that you are in violation of national law to be giving out such esteemed financial advice without being a certified accountant?

[playsintrafficc]

best financial decision you made was to stop buying $4 coffees?

ive got all kinds of bad news.

[NCK MIZ]

Eat out about 3x a month. Bring lunch to work everyday.

$10 a day 5 days a week.
4 weeks a month
$200 a month in lunch alone for the people that have to eat out everyday

[ErnieMccracken]

ITT: financial advice from poverty bros

[MyAvatar]

best financial decision you made was to stop buying $4 coffees?

ive got all kinds of bad news.

Lol hope you're not srs sir. Doesn't seem like you read the full OP

[MyAvatar]

Aware me on the difference between having a debit card and a checking/savings account

Because I have a debit card, that also has a checking and savings account option whenever I go to the ATM, so how is that different from just going to the bank and opening up a checking/savings account.

Sorry for being full potato

Debit card can be directly linked to your checking account, from where funds are debited, when you use your debit account. The other accounts can be indirectly linked to the debit card.

[NCK MIZ]

best financial decision you made was to stop buying $4 coffees?

ive got all kinds of bad news.

$100 a month invested for 40 years @ 7% interest is 257k. You keep drinking your Starbucks.....

[Cfitz717]

i have 2 spend 2.50/day on swedish fish/sour patch or ill die, srs

[digital022]

Thanks brah. Would have never figured this out on my own.

[NinjaNoir]

Great advice. I recently started using this APP that invest your spare change in every transaction you do.

*****://www.acorns.com/

[gtg]

Don't waste your money on expensive smartphones every year.

[MyAvatar]

Great advice. I recently started using this APP that invest your spare change in every transaction you do.

*****://www.acorns.com/

Hmmm Mirin hopefully it's legit

[GhenghisPWN]

On the topic of basic financial chit that a huge chunk of the population doesn't get: pay off your credit card every month, the full amount, not just the minimum payment or whatever, paying interest on your purchases is stupid as chit and makes everything more expensive. Credit cards can be really helpful for building up your credit score, collecting cash back/rewards, and ease of payment but they make all their money from retards who don't pay the full statement every month.

Blows my mind how bad people are with credit and money in general. I have a friend making $70,000 a year as a laborer in North Dakota, yet he's making monthly payments on his credit card which has around a ~$2,000 balance. PAY IT THE PHUCK OFF!

+1 to not eating out. $8-$12 a day adds up pretty damn quick.