[pictured above: a well-rubbed pork shoulder transforming into my magical carnitas]
The Spend | Meat
I'm an omnivore with carnivorous leanings to be sure. I love to eat meat. That might also explain why I have The Gout (yes, if you have gout, it's capital letters and always 'The Gout'). And, while I love the meats in a Ving Rhames kind of way, I don't like to go broke eating it.
As a rule, the grocer always has a sale running on some sort of meat and that discount averages about $1.50/lb. And, since most families will consume about five pounds of meat per week, you can easily save $7.50 each week by simply buying what's on sale.
Over the course of a year, that adds up to $390 - just short of quadruplet Benjamins.
The Opportunity Cost | Retirement
Should you decide to pocket these savings, you could add $390/year to your retirement account. For doing so, you'd get a sweet bit of tax savings totaling $167.78/year and if your company matches at a rate of fifty cents on the dollar, you'd get an additional $278.89/year in matching contributions.
Total it up and you're looking at $836.67/year in retirement savings by paying lower prices on your meats.
The Long-term Opportunity Cost | 30-year Value
What does all this add up to over the long haul? Well, assuming you keep paying low prices, save and invest in the markets, and repeat the process for the next few decades, you'll end up with a cushy sum of $180,518.98.
In all caps because all caps are the coolest, that's ONE HUNDRED EIGHTY THOUSAND FIVE HUNDRED EIGHTEEN DOLLARS AND NINETY-EIGHT CENTS.
Get the App
How does one know what's on sale each week at the grocer? There's an app for that. Download your grocer's app and take a quick look at the weekly ad. Pick your meats and build meals around them. It's crazy simple.
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