38-year-old financial coach spends only $124 on groceries a month—her No. 1 ‘secret tip’ for food shopping | CNBC make it
Carly DeFelice, a personal finance expert and community manager in Austin, Texas, has become a pro at turning small budgets into big savings. Despite earning a modest salary of $58,000, she managed to pay off $35,000 in debt and grow her investments to an impressive $400,000 by age 38. DeFelice’s success lies in her disciplined budgeting methods, where every expense, from groceries to socializing, is meticulously planned.
One of DeFelice’s key strategies is managing her grocery spending. In a month marked by inflation concerns, she spent only $123.65 on groceries. By planning meals in advance and maintaining a strict grocery list, she avoids impulse purchases and stays within her weekly discretionary budget of $120. DeFelice extends this intentional budgeting approach to social activities, where she proactively plans outings with friends and ensures meaningful experiences without overspending.
DeFelice’s story emphasizes the importance of financial discipline and mindful spending in building wealth. By being intentional about every expense, she proves that even with a modest income, strategic budgeting can lead to significant financial achievements……….
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Rising Dough
How can adopting intentional spending habits like Carly DeFelice’s approach positively impact your financial well-being as a student or young professional navigating budget constraints and economic uncertainties?
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I think it all depends on how your life is set up. If you have a family, you might spend more money on groceries, but if you’re single then you can spend less money.
By adopting intentional spending habits, you can optimize your financial well-being as a student or young professional. It helps you make the most of your resources, build financial resilience, and take control of your financial future.
Adopting intentional spending habits like Carly DeFelice’s can positively impact your financial wellbeing by allowing you to put more money towards your long term financial goals such as purchasing a car or house or even starting your own business. Learning to save and manage your money early on will be better on for you in the future because it allows you to invest your moneys into investments that will make it grow long term.