Very interesting post! It’s a startling revelation when you do the math on things, I find myself doing it all the time and I don’t even have a family. I put everything on my credit card (since I earn points and cash back) so I have an electronic summary which I can put into my Quicken software and generate a pie chart of where all my money goes. Here’s an example from last month.
I’m proud to say the big, blue section is the amount I put into savings.
You’d be surprised (for example, not me but some people spend 5% or more of their salary at Starbuck’s). I know a gal who does just that. She drinks $4 drinks at starbucks 3 times a day for $12. She makes about $20 per hour at her job. So Starbuck’s is 7.5% of her salary even if you don’t count what she drinks on the weekends. Starbuck’s is one of my favorite calculations and I’ve posted about it before. It’s good for Starbuck’s, bad for your bucks.
