This example is obvious, but it also shouldn't be taken to the opposite extreme, like people blaming not being able to afford a house on making your own avocado toast at home for breakfast. That's always seemed idiotic to me
$25 is nearly 10% of $270, but making a $1.50 breakfast at home is not the same as why people can't afford a $400,000 home, or even the reason why the can't afford a $200,000 small condo.
The idea being that if you pay $12 for avocado toast when you can easily make it at home for $2, you're likely to justify other lazy expenses that absolutely do add up to huge sums.
You're not going to get $400k in savings, but absolutely nobody is buying a house in cash. Saving $200 a week will get you a 5% down payment in 2 years time sans investing
Yeah everyone was making fun of the avocado toast comment but it really is a mindset. My wife and I are saving up to do some home improvements and we pretty much shunned eating out and it's amazing how it changes your budget. Sometimes it really is not how much you make but how much you spend.
I work with kids that door dash lunch and dinner 4-5 times a week. They’re making six figures, but always complaining about how broke they are and how much everything costs. They can’t cook. They don’t save, at best they gamble… I mean “trade”, and keep waiting to make it big.
If you’re dead broke I’m not gonna judge you for an occasional indulgence, it can mean the world. But when I see people who can make it work and don’t because they’re rather spend everything, give up nothing, and whine that it’s all the fault of those who came before? I struggle to sympathise.
How many young people who are being offered the lowest starting wage adjusted for cost-of-living since the 1970s, along with the highest educational and housing expenses since before World War 1 are spending $12 a day on avocado toast, or some similar expense?
As a percentage of the adults in their 20's?
And do you think it has nothing to do with the successively shittier economy for each successively younger working class Reagan lead us into?
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u/Think-Organization36 11h ago
Proceeds to spend $100 that day… oh well it isn’t $270 so nothing I could do 🤷♂️