The $30 Habit That Saved Me Thousands Over the Years
Mushfiq Sarker, digital entrepreneur and the founder of WebAcquisition, found a simple way to swap out an expensive habit with a cheaper one and wound up saving himself thousands of dollars over the years as a result.
The best part? You can probably do it too.
Learn More: 40 Easy Ways To Save Money Every Day
Check Out: 9 Unusual Ways To Make Extra Money (That Actually Work)
The $30 Habit
“The habit that saved me thousands of dollars is meal prepping every Sunday night instead of buying lunch out during the week,” Sarker said. “I would take about 90 minutes every Sunday cooking a week’s worth of lunches: usually a big pot of rice, some protein (grilled chicken or ground beef) and roast vegetables.”
He then portioned his food into five containers, labeled them by day of the week and froze them to maintain freshness.
While Sarker was previously paying $15 per day ($300 per month) to dine out for lunch five times per week, he now pays only $30 per week ($120 per month) to prepare all of his lunches. That means 90 minutes of weekly meal prepping saves him $180 each month, which adds up to $2,160 per year! Not too shabby.
Sarker was actually able to launch his career just by utilizing this $30 habit.
“I redirected all the dollars saved directly to a separate account that I used exclusively to purchase my first online business,” Sarker said.
That feat would not have been possible without his judicious Sunday meal prep.
An Additional Tip
Cody Schuiteboer, founder and president of Best Interest Financial, advised automatically transferring your monthly savings to a Roth IRA or investment account to grow your money.
He emphasized it’s not just the savings that are important, but how you make those savings work for you. That is “one reason frugality is associated with wealth,” Schuiteboer said.
So the next time you’re considering going out for your lunch break, remember that cooking your lunches at home and investing your savings may set you up for financial success.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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