Most personal finance blogs will tell you that cutting out the lunches and daily coffees. $4 per day for coffee is $120 per month! That’s $1,440 per year. And I’m sorry, but I’m going to call that piddly squat. If I want to spend $4 per day for coffee, then it will go in my spending plan.
I’m not a coffee drinker, but that’s a good example of how I have constructed my spending plan.
I go for lunch every day with my team. That’s starting to add up to quite a bit, so I could have chosen to bring my lunch some days instead of eating out every day, but I chose instead to up my budget for lunches. That’s called conscious spending.