Hi all,
Some of my friends (high school/university) have been giving me shit saying that I'm too stingy considering I'm employed at an investment bank (EQD trader at a BB). However, I always thought I'm just smart with my money..
The only cheap things I do that I can think of are (overall, I think I'm just responsible):
- Every Friday, I like to take a bunch of Starbucks K-Cups from my office kitchen because I don't want to spend money buying that shit for my home.
- I take advantage of the free milk offered in my office kitchen and eat cereal for breakfast and lunch.
- I always take the subway/bus when I have to go somewhere far (never Uber unless I'm taking a chick home).
- Pre-drinking hard at my apartment before going out with friends and never blowing money on bottle services at night clubs (it amazes me how a lot of my non-banking friends who do this shit actually live pay cheque to pay cheque).
- Rarely going to nice restaurants/bars/clubs and opting for casual venues (why ball out like this out of my own pocket when I can go out with clients on my corporate AMEX!?)
In your opinion:
- Am I really a stingy person? or am I just responsible with my money?
- Do you think that lower/middle class American citizens are just less responsible with their spending? If so. why?
- What are some stingy things you do to save $$$?
Hi Jamie Dman, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
If we're lucky, maybe these professional users will respond: georgiagirl thrillcapital Steven-Bonomo
I hope those threads give you a bit more insight.
My goal for myself is to spend nothing every day M-F. I'm lame as shit during these days and get roasted for it but w.e.
I proceed to blow my money on experiences/trips but I think that my M-F ideology allows me to do that without accumulating debt. I go to work to make money not spend it.
I usually just ask my Father to wire some more money into my account instead of being stingy (disclaimer : self-made).
Where I live groceries are expensive so if I manage to pick pieces of corn/food out of my turds it's always a good day
Hell yeah, I am stingy as hell. Most of my earnings go straight to an investment account or to buy real estates. It's good to make a lot and be smart with your money. I'm extremely stingy on housing and cars; therefore, I have a ton of money ready to be invested. I do have a habit of spending a lot of money on watches, but my passive income allows me to do so. Life is great when you know you are secured.
Fuck them dude. My friends said the same thing about me because I aggressively reienvested everything I made and now I make 7 figures in my mid twenties. Invest all the cash you can and you'll be laughing at how broke they are in 5 or 10 years. :)
You're not stingy. Most of what you do is smart, except for taking the coffee from your office. First, that's stealing. Don't drop to that level to save money. Second, you don't what to get fired for something like that (happened to the guys at WFC for the early dinners).
Lower/middle class Americans can be less responsible for money, as can anyone. The different is that these people don't know what money actually is, or how it works. If you gave most people in this country (USA) $4mn, they would think they are "rich" and spend it on stupid things, not realizing that 5% on that money is $200k, which is great to live on. What most don't realize is, rich people still need to live on budgets as well.
Stingy, I feel, is only a word when you hold back from spending on things you really want, and for the relative cost would make your life way simpler. For example, you can walk from Texas to Florida, but you can also fly. If you have no money or don't have a job, might be best to walk. If you make $$$$, just fly, way easier. Another example, if you really, really, really enjoy eating out at restaurants, do it once or twice a week or feed the craving, that's not stingy.
Would also add, stingy these days is different from days prior. For example, it's somewhat of a weird thing today to tell people you don't eat out at restaurans, or don't have Netflix, where the opposite use to be the norm.
In my opinion, people who call you stingy are:
A) Just looking for a way to justify their poor spending habits and feel better about them B) Mad you're not spending that money on them C) Broke and can't deal with it
Keep doing your thing dude. Minus the coffee stealing thing. All it takes is one pissed off little cunt to go running to your boss and boom.
Delete
Its your money, not theirs. Do what you will.
The constant reminder I get about money habits is looking at the homeless I cross by every single day. That alone, is enough to motivate me.
You eat cereal for lunch? I think that's being stingy since you're sacrificing health to save a couple bucks.
Just some good tricks I use to save money
This is just top of my head stuff, but really you got to get creative. Anyone who says you're stingy needs to mind their own business, it's their problem if they want to be consumer slaves their whole life.
A couple items:
People who regularly get bottle service are either 1) wealthy or 2) fucking morons
A gallon of milk is 3.67 dollars. A serving of milk is typically 1/2 cup. There are 16 cups in a gallon.
So you save 11 cents each breakfast and lunch by using the free milk. You are stingy.
Tenetur repellat a voluptas sequi sit. Est aut mollitia ea et.
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