T_R_Oglodyte
TUG Lifetime Member
The Rise of Coffee Shaming
Personal-finance gurus really hate coffee.
We were having lunch together one day, and he was commenting about how difficult it was to get the money put away for buying a house. He was a big guy - he had been a 3-year starter on the offensive line at a prominent NCAA Division 1 school. He had $20 of food on his plate - again this is ~1998 money. He went out for lunch every day, and this was typical for him.
I pointed out to him that he could probably bring a similar amount of food from home and it would cost him about $5 - homemade sandwiches, leftovers, etc.. If he did that 200 meals per year, that was $3000 per year that he could put into housing.
I suggested that he was literally eating himself out of house and home.
Personal-finance gurus really hate coffee.
About 20 years ago I worked with a guy who had been married for a few years, with one child, another on the way, and plans for more.Suze Orman wants young people to stop “peeing” away millions of dollars on coffee. Last month, the personal-finance celebrity ignited a controversy on social media when a video she starred in for CNBC targeted a familiar villain: kids these days and their silly $5 lattes. Because brewing coffee at home is less expensive, Orman argued, purchasing it elsewhere is tantamount to flushing money away, which makes it a worthy symbol of Millennials’ squandered resources.
We were having lunch together one day, and he was commenting about how difficult it was to get the money put away for buying a house. He was a big guy - he had been a 3-year starter on the offensive line at a prominent NCAA Division 1 school. He had $20 of food on his plate - again this is ~1998 money. He went out for lunch every day, and this was typical for him.
I pointed out to him that he could probably bring a similar amount of food from home and it would cost him about $5 - homemade sandwiches, leftovers, etc.. If he did that 200 meals per year, that was $3000 per year that he could put into housing.
I suggested that he was literally eating himself out of house and home.