Data I included in my previous post got me thinking about my own situation. While I've always focused on the short-term (i.e. monthly budget) benefit of packing a lunch, I've never really considered longer-term consequences. Here is my brown-bagging status:
- I pack a lunch every day,
- I include leftovers 100% of the time,
- I don't actual use a brown bag per se, I reuse a plastic grocery bag (read helplessly frugal) .
A few observations:
- This amounts to over 8% of my gross savings goal for 2006 of $20,450,
- To enjoy a similar gain through employment income, I would need to (successfully) walk into my manager's office and request a raise of about $2682. Hmm...
- Assuming the cost of eating out appreciates at an inflation rate of 2.2%, and assuming a long-term growth rate of 7%, investing this savings alone over a 10-year period accrues $25,492.35.
* Not particularly helped by the plastic grocery bag.