Zach has been out of college and in the workforce for 8 years now. For the past 8 years he can count on one hand how many times he has paid to go out for lunch, impressive! Going out to eat for lunch is such the norm and most people don’t think twice about how much money they are spending. Based on the idea of paying $10 a day (which I wouldn’t be surprised if this number was actually higher) 5 days a week… you are looking at $200 a month. Now, what if you are a double income family, and both of you are eating out every day? That’s $400 a month!! Four. Hundred. Dollars!
So, if you can afford eating out for lunch every day, you can afford a house. If you and your partner were to pack a lunch every day for the next 22.5 months, less than 2 years, you would have enough money for a 3% downpayment on a $300,000 house. That’s right. Less than two years from now, rather than having nothing to show for your $400 a month… you could have $9,000 saved and be moving into your first home. Start packing!