Today, My Rate reviews another way to save money: start making your own lunch and bring it to your workplace instead of eating out.
It doesn’t have to be a boring ham & cheese sandwich every day.
You can have salads or warm dishes like curries, pasta bakes. My tip is to use leftovers from your dinner made the night before.
Cook dinner for 6 people instead of 4 and use the leftovers for your lunch. It is that easy!
In order to get started, the only “investment” you would have to make is a good food container.
A homemade lunch may cost 3 to 4 dollars whereas buying your lunch can cost between $8 and $10.
Therefore a homemade lunch represent a saving of $6 per day or $30 per week which works out to be $1560 per year.
If you put this amount as an extra repayment towards a $350,000 loan over 25 years, you would save $14,143 in interest and you would reduce your loan term by 6 years and 6 months.
Food for thought!
Use MyRate extra repayment calculator now to see how much you could save.
The Myrate Team