Diamond Member Pelican Press 0 Posted February 27, 2025 Diamond Member Share Posted February 27, 2025 This is the hidden content, please Sign In or Sign Up Self-Made Millionaire Warns 90% Of People Are Throwing Away Money On This Expense Self-Made Millionaire Warns 90% Of People Are Throwing Away Money On This Expense Restaurant spending is the largest potential source of savings for most couples, according to This is the hidden content, please Sign In or Sign Up . “For 90% of the people I talk to, food — whether eating out or ordering in — is the biggest category where there’s money to free up and redirect into something that matters more,” This is the hidden content, please Sign In or Sign Up . The This is the hidden content, please Sign In or Sign Up identified a host of factors that make dining expenses particularly difficult to control. “Food is emotional — buying dinner is about a lot more than just hunger. It’s about convenience, impulsivity, reward and more,” he explained. Don’t Miss: Tracking those expenses proves especially challenging for couples. The spending often happens across multiple payment methods, locations, and circumstances—from workplace lunches to family pizza nights, social outings, and children’s meal money sent through payment apps. “It’s a mishmash, and it can easily get away from you,” Sethi said. In his new book “Money for Couples,” Sethi outlined a 10-step program for partners to develop shared financial vision despite differing money perspectives. He recommends couples consolidate restaurant spending on a single shared credit card to improve tracking and visibility. Several individuals who worked with Sethi shared their strategies for reducing food spending. Mary found a meat delivery service that enabled more home cooking during weeknights, allowing guilt-free weekend dining. Trending: This is the hidden content, please Sign In or Sign Up Here’s what Americans think you need to be considered wealthy. Lauren, someone who worked with Sethi, created themed potluck dinner parties to capture restaurant ambiance at lower cost. Rosana implemented a twice-weekly cooking schedule with planned leftovers, directing her savings toward credit card debt reduction. “We were eating out at least five to six days a week; the only meal we were making at home was breakfast!” Rosana, another colleague, told Sethi. “Now, we cook every Wednesday and Sunday and we eat leftovers at least one night, which saves us a ton of money.” The financial expert said that changing food habits requires partners to be “kind and supportive of each other,” noting that “changing habits around food can be tricky.” See Also: This is the hidden content, please Sign In or Sign Up Sethi recommends couples start with honest conversations about spending patterns, “what are you spending too much on? Where can you cut back?” Story Continues His approach focuses on identifying “invisible spending” that occurs without conscious decision-making. By bringing food expenses into awareness, couples can redirect funds toward priorities that bring greater satisfaction than convenience meals. “The more you have open, honest conversations about these things, the easier it will be to spend meaningfully,” Sethi said. Read Next: Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. This is the hidden content, please Sign In or Sign Up that can set you ahead in today’s competitive market. Get the latest stock analysis from Benzinga? This article This is the hidden content, please Sign In or Sign Up originally appeared on This is the hidden content, please Sign In or Sign Up © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. This is the hidden content, please Sign In or Sign Up #SelfMade #Millionaire #Warns #People #Throwing #Money #Expense This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/228727-self-made-millionaire-warns-90-of-people-are-throwing-away-money-on-this-expense/ Share on other sites More sharing options...
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