My blog post on what I had for lunch yesterday attracted an interesting response from a reader who is in his 20s and who is new to my blog.
He said that his breakfast is typically bought from Subway or McDonald's near his office. These would cost him about $5.00 to $6.00 every morning. His lunch would cost as much or, usually, more. Any amount between $5.00 to $10.00 for lunch is quite normal.
Then, if he should stay in the office to put in extra hours in the evenings, he would spend another $10.00 on dinner which usually includes a cup of gourmet coffee from Coffee Bean. I was surprised it wasn't Starbucks but that is not the point.
Anyway, typically, he would spend some $400 to $500 on meals at work every month. Over the course of a year, it would amount to $4,800 to $6,000. That is quite a bit of money for someone who is making under $3,000 a month.
Anyway, the long and short of it is that the reader is thinking of making his own breakfast and lunch for work now, winning a stamp of approval from AK!
If he is good at this, he is going to be $48,000 to $60,000 richer over the course of a decade.
I cannot see how that is not a tidy sum of money to have and this is assuming he leaves the money in a biscuit tin (or mooncake tin) at home too. No interest income and no investment income.
Related posts:
1. A quick and economical lunch.
2. Afternoon tea break with AK.
3. Economical gourmet sandwich.
4. What's for lunch?
5. Seven money saving habits.
PRIVACY POLICY
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.
Archives
Pageviews since Dec'09
Recent Comments
Get this Recent Comments Widget
ASSI's Guest bloggers
- boon sun (1)
- Elsie (1)
- Elvin H. Liang (1)
- ENZA (3)
- EY (7)
- FunShine (5)
- Invest Apprentice (2)
- Jean (1)
- JK (2)
- Kai Xiang (1)
- Kenji FX (2)
- Klein (2)
- LS (2)
- Matt (3)
- Matthew Seah (18)
- Mike (6)
- Ms. Y (2)
- Raymond Ng (1)
- Ryan (1)
- Serejouir (1)
- skipper (1)
- Solace (13)
- Song StoneCold (2)
- STE (9)
- TheMinimalist (4)
- Vic (1)
Resources & Blogs.
- 5WAVES
- AlpacaInvestments
- Bf Gf Money Blog
- Bully the Bear
- Cheaponana
- Clueless Punter
- Consumer Alerts
- Dividend simpleton
- Financial Freedom
- Forever Financial Freedom
- GH Chua Investments
- Help your own money.
- Ideas on investing in SG.
- Invest Properly Leh
- Investment Moats
- Investopedia
- JK Fund
- MoneySense (MAS)
- Next Insight
- Oddball teen's mind.
- Propwise.sg - Property
- Scg8866t Stockinvesting
- SG Man of Leisure
- SG Young Investment
- Sillyinvestor.
- SimplyJesMe
- Singapore Exchange
- Singapore IPOs
- STE's Investing Journey
- STI - Stocks Info
- T.U.B. Investing
- The Sleepy Devil
- The Tale of Azrael
- TheFinance
- Turtle Investor
- UOB Gold & Silver
- Wealth Buch
- Wealth Journey
- What's behind the numbers?
A way to be $48,000 to $60,000 richer in a decade!
Thursday, August 21, 2014
Subscribe to:
Post Comments (Atom)
Monthly Popular Blog Posts
-
In recent times, I have found it much easier to talk to myself on YouTube. It is faster than blogging. This explains the greater number of v...
-
For those of you who follow me in my YouTube channel, you would know that something unfortunate happened recently to my father. So, I expect...
-
Another quarter has gone by and it is time for another update. For a change, I will reveal the numbers first. 3Q 2024 passive income: $85.2...
-
With DBS, OCBC and UOB doing so well in 3Q 2024, I had to take time off from gaming to produce a series of videos. For those of you who do n...
-
It has been more than a week since my last blog post. Things have settled into a new normal for me. In this new normal, my expenses have inc...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...
-
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...
7 comments:
Breakfast for me is usually a fruit and roll oats too and 2 big glasses of water to fill my stomach. I think we share the same taste or distaste for food... haha
Hi Zoro,
I just need a simple and filling breakfast to start my day. It helps if it is inexpensive. ;p
Oatmeal is so simple and fuss free that I often have it for lunch too. :)
I hardly spend $1 per day out of pocket. Make and bring my coffee in a Thermos - Traditional La Kopi-O Kau cost maybe $0.20 with egg /bacon bread $1.00.
Exit the MRT train stn before 7.45 am - free.
Lunch-Box lunch from last night leftover. My children commented that I become a Sai-Tang (Sh*t Bin)
Hi Siew Mun,
You are a good role model for your children! They will appreciate it when they are older and become parents. :)
Hi AK71,
I'm amazed by your frugality. I've been reading 1st Mr Money moustache and his philosophy on dividend stock and frugal living. He had retired at 30 and chose a life of frugality. Recently, I've read http://earlyretirementextreme.com Mr ERE on living on $7000 a year of expenses. We really do not need a lot to retire. If only our health and contingencies are taken off... Anything else is a bonus. I'm sure with your way of life, you can already retire easily and working is just your way of socialising.
I do hope young people are taught these early on in their life so they may not waste time socialising and unnecessary pursuits. Did someone say 'lim kopi in Starbucks'? Not me...
I do like to quote Mr ERE, why do you earn money to spend on someone to cook for you and to spend on someone to make you laugh... once the philosophy is aligned, you may find the earn to spend cycle meaningless.
Cheers! eat more nutritiously and exercise more. Health is wealth.
ck
Hi CK,
We all make choices in life. Do we want an opulent lifestyle or a frugal lifestyle? If we have a lifestyle that is high maintenance in nature, then, we need more money.
I know there are people who laugh at what I am doing. To them, trying to make more money is the only way to go. After all, how rich can we become by saving money?
I agree that we should all try to increase our earned income and it is something I blogged about many times before too. However, I will also ask them how rich do they want to be? LOL.
Thanks for the reminder to exercise more. I must do better in this department. -.-"
From my FB wall:
"Remember that the savings do add up and although it might be small change to some people, to the vast majority of people in Singapore, it does make a difference."
Post a Comment