Bad Money Habits

[NosyJossie]

- Buying alcohol. The return on investment is abysmal.
- Dining out more than twice a week. Spending $350 a month on restaurants is nonsensical; keep it under $200 if you're single.
- Impulse buys. Sticking to a plan corrects this nuisance. I would limit it to $80/month.

[nothingshocking]

What are your thoughts on Alcohol bro?

[NosyJossie]

What are your thoughts on Alcohol bro?

Alcohol is great to unwind, but the effects the next day make it not worth it. Don't forget withdrawal, which I've suffered multiple times.

[MuzzieChik786]

Buying anything on credit and not being able to pay it off by end of the bill cycle.

Paying any kind of finance charges or interest (other than your home).

[messomi]

Buying anything on credit and not being able to pay it off by end of the bill cycle.

Paying any kind of finance charges or interest (other than your home).

isn't paying a mortgage technically haram? I heard something like that before I believe it's true.

[HalfDragon]

isn't paying a mortgage technically haram? I heard something like that before I believe it's true.

Charging interest is haram, but also kosher af.

[TTV6]

Paying mortgage beats paying a landlord.

[messomi]

Charging interest is haram, but also kosher af.

you mean it isn't kosher?

[Kiop]

u r just
weak minded
and addicted
to ass

[soaponarope1]

Honestly if you stick to some general rule, like 25% of your gross saved per year and stay away from debt (other than mortgage and really low car loans if you qualify) I don't think 'bad money habits' really matter. I buy plenty of alcohol and eat out but since I save a lot who cares?

[Mogambo]

Honestly if you stick to some general rule, like 25% of your gross saved per year and stay away from debt (other than mortgage and really low car loans if you qualify) I don't think 'bad money habits' really matter. I buy plenty of alcohol and eat out but since I save a lot who cares?

This

Just like calories in/calories out

Easier said than done when it comes to execution and changing habits though.

[meanstringbean]

- Buying alcohol. The return on investment is abysmal.
- Dining out more than twice a week. Spending $350 a month on restaurants is nonsensical; keep it under $200 if you're single.
- Impulse buys. Sticking to a plan corrects this nuisance. I would limit it to $80/month.

Funny how people will not think twice on a $50 drinking bill, or spending $9 on a cocktail, but wouldnt spend that much on an app for their phone or a monthly subscription service. In your 20s pregaming is clutch and more fun. Get a nice buzz going (cheaply) before buying just 2-3 drinks at a bar.

[Exiled93]

- Buying alcohol. The return on investment is abysmal.
- Dining out more than twice a week. Spending $350 a month on restaurants is nonsensical; keep it under $200 if you're single.
- Impulse buys. Sticking to a plan corrects this nuisance. I would limit it to $80/month.

I agree that most people should limit eating out - but the numbers here are pretty random. % wise would probably be the better route.

[eatmycrackers]

Charge everything to CC every month and pay the full bill to not carry a balance. This earns me points on expenses I would have incurred anyways, plus the CC company has better protection/security than a debt card.

Automatically contribute $20k/yr to my 401k deducted from my paycheck I never see or feel it. In 30 years it can be worth a substantial sum. I realize not everyone can do this but you should strive to once you start making $70k+, this pairs well with living below your means :-)

Buying used - I buy used good quality clothes, watches, etc for a fraction of new. If I need something like a suit I can save about 50% off new prices every time for a good suit just know your size in each brand you like.

[basedcap]

Save lots of money while minimally impeding your quality of life:

-Get extra drunk at the pregame and minimize the $15 cocktails at the bar
-Don't buy $5 starbucks lattes every morning just lol if you do this
-Absolutely zero credit card interest should ever be paid
-Never pay MSRP for certain large purchases (i.e. TVs are always on sale)
-Don't upgrade your iphone every year... it's virtually been the same for the past 3 gens
-Keep savings in a high interest savings account

[notbadnotbrad]

You’re such a fuking phaggot srs

Gtfo with your anti alcohol crusade

You sound like a born again Christian with a checkered pasta that spends all his time virtue signalling

ROI of alcohol:

Socializing and not being a weird fat Fuk on a bodybuilding forum making countless threads on losing weight, keto and not drinking

Gtfo you pigeon

[Raylan]

you’re such a fuking phaggot srs

gtfo with your anti alcohol crusade

you sound like a born again christian with a checkered pasta that spends all his time virtue signalling

roi of alcohol:

Socializing and not being a weird fat fuk on a bodybuilding forum making countless threads on losing weight, keto and not drinking

gtfo you pigeon

rekt