I'm putting myself on a strict spending diet in May. For the last two months, I've been scrutinizing exactly where I shell out my precious dollars. At times, it's made me more than a little neurotic about my moolah, but it's no doubt been the best lesson. Just like with dieting, I have to assess what I'm eating if I'm going to actually change my food habits. Speaking of food…turns out, that's exactly where most of my money has been going.
Last night, I took a long hard look at my bank statement to see what I spent last week and since I debit almost all of purchases this is a fairly accurate snapshot of my spending. The outcome: A whopping $136.32 went towards food—this includes: groceries, dinner out with friends, pizza delivery and getting breakfast and lunch at the cafeteria at my job. To some that might not seem like an absurd amount but as an editorial assistant trying to make it in one of the most expensive cities in the world, I'm always looking for ways to save here, so I can spend there. At this pace, I'll be spending roughly $600/month on food alone. This kills me—especially since I could easily save a bundle on lots of these food-related expenses. Example: Did I really need to order that $15 Papa John's cheese pizza if I had perfectly good food in my fridge? Do I have to eat breakfast and lunch at work everyday? (For the record, Hearst's cafeteria is ridiculously good. But it's not free.) If I add an extra 30 minutes to my morning routine, I could eat breakfast and pack a lunch at home. Given my current cash flow, this is the most reasonable option. And honestly, if I'm going to spend, I'd rather put more towards shopping for new spring duds and less on dining out during the weekday. It sounds simple, but let's see how I do next week.
I'm curious, what do you spent the most money on during the week? What's your money goal for May?
24 Hours With Luna Blaise Boyd
The 'Manifest' star on her six-step skincare routine, ice baths, and the Charlotte Tilbury product she refuses to gatekeep.
By Samantha Holender
Queen Camilla Has Sometimes Been Seen Showing "Frostiness or Strong Irritation" During Royal Events, Body Language Expert Claims
Well, you can't be happy all the time.
By Iris Goldsztajn
Why Princess Kate's Pink Elie Saab Gown for the Jordanian Royal Wedding Was an "Unusual" Choice, But Definitely Not a "Coincidence"
It all makes sense.
By Iris Goldsztajn
Peloton’s Selena Samuela on Turning Tragedy Into Strength
Before becoming a powerhouse cycling instructor, Selena Samuela was an immigrant trying to adjust to new environments and new versions of herself.
By Emily Tisch Sussman
This Mutual Fund Firm Is Helping to Create a More Sustainable Future
Amy Domini and her firm, Domini Impact Investments LLC, are inspiring a greater and greener world—one investor at a time.
Power Players Build on Success
"The New Normal" left some brands stronger than ever. We asked then what lies ahead.
By Maria Ricapito
Don't Stress! You Can Get in Good Shape Money-wise
Yes, maybe you eat paleo and have mastered crow pose, but do you practice financial wellness?
By Sallie Krawcheck
The Book Club Revolution
Lots of women are voracious readers. Other women are capitalizing on that.
By Lily Herman
The Future of Women and Work
The pandemic has completely upended how we do our jobs. This is Marie Claire's guide to navigating your career in a COVID-19 world.
By Megan DiTrolio
Black-Owned Coworking Spaces Are Providing a Safe Haven for POC
For people of color, many of whom prefer to WFH, inclusive coworking spaces don't just offer a place to work—they cultivate community.
By Megan DiTrolio
Where Did All My Work Friends Go?
The pandemic has forced our work friendships to evolve. Will they ever be the same?
By Rachel Epstein