Stop eating your way into debt
Tuesday, April 30, 2013
The following excerpts are some really good points made today in an email newsletter I received from "Living on a Dime," by Tawra Kellam. One of the best ways to get out of debt is to stop dining out (even Dave Ramsey advocates "beans and rice" while getting out of debt, meaning slash your dining out to zero and your grocery bill to as near zero as you can get it), but she makes a good point about how many of us don't see how destructive a habit it really is. While I suspect the majority of active Sparkers are eating at home mostly these days, it's certainly good information to keep in mind. Here's the whole newsletter, if you are interested in reading more:
"Eating out is among the of the top causes of personal debt. Most of us hunt for the best interest rates on our mortgages and we complain about the terrible price of gas the whole time we are pumping it... Interestingly enough though, I have yet to hear one person groan about the awful prices they had to pay for lunch today or tell how they were "duped" into having to pay such high prices at their favorite restaurant."
(Cite from this section: www.livingonadime.com/di
"I'm beginning to wonder if another reason we eat out so much is that it has just become a habit. Like many bad habits, we get so comfortable with them that we don't want to change them. Even when we know that a habit is destructive to us (physically, financially and even emotionally), we still do it.
"Some of us look down our noses at other people with "bad habits" like drug addicts and alcoholics and can't understand why they don't just kick their habits. "Don't they see what they are doing to their families????"
"What is the difference between other people's destructive habits and our repeatedly going out to eat and charging it? We know the food isn't as good for our families, we know we don't have the money to pay for it, and we know on bill paying day we will be so stressed that we will take it out on everyone around us. We so proudly display our bumper stickers that say "Say no to drugs." but how many of us could proudly display a bumper sticker that says "Say no to debt, I'm debt free"."