In my weekly reading I came upon an article that talked to over 2000 people in the U.S. that reveled their biggest money wasters. That peaked my interest on a question that I ask myself (more frequently than I would like to admit). What do I waste my money on? What I found really interesting is that my answer may depend in large part on my generation.
What Do I Waste My Money On?
Professional resources site Hloom put out this report The United States of Financial Waste. Across the board, all generations from Baby Boomers to Millennials mentioned “eating out” and “letting food expire” in the top three most common responses.
However, after that beliefs of what constitute wasteful spending are markedly different. For example, almost 28% of Millennials responded that they “wasted” money on alcoholic beverages, while only 13% of Baby Boomers said so. The survey didn’t reveal whether baby boomers actually drink less, or just don’t consider drinking to be an unwise use of their discretionary funds!
How do you stack up to your generation? Or do you identify with another generation?