Challenge: Keep Your Monthly Food Spend Under $1,000

Are your weekends and weeknights spent devouring freshly prepared delights brought to you by your local food delivery services like DoorDash, GrubHub, or Uber Eats?

Services like this are attractive to those of us with ADHD because it is a quick, easy decision and eliminates having to prepare a meal. The downside, of course, is the cost of these services.

What is your food habit costing you?

A quick rule of thumb is to spend no more than 15% of your take-home pay on food.

• On average, a single food delivery cost is between $40 to $60
• If you are ordering out an average of 4 times per week, you’re spending about $1,000 per month
• 15% of the after-tax take-home pay of $5,000 would be $750 per month for food
• That $750 per month, if invested in the market over 20 years at an 8% return, would be $385,000

If you are among the millions of people ordering out multiple times a week, you could be eating your financial future. But I would not point out this problem without providing a solution. Join me next week for steps you can take to stop reaching for your phone and get your spending habits under control.

For more information, read https://www.dewittcm.com/adhdmoneytalkblog/how-adhd-adults-can-stop-eating-their-financial-futures

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