We all have regrets, things we would do differently if we had another shot. For some of us it’s about our dating past, for others it’s how we interacted with family/friends, career moves, financial decisions, etc. For some it’s all of the above.
I don’t know if I’ll have time or if I’ll remember to share my other regrets here, but this is a blog about a financial journey so it’s only fair that I shared a money related regret.
For the first 5 years after I graduated college, I spent more on eating out than anyone should. I am talking $400-500 a month, and I was single. Now I spend less than that on my family for all our meals for the month. Although that didn’t prevent me from having enough money to put 20% down on my first house, I can’t help but wonder how much more money I would have had if I had cut my dining out spending by just half. I wouldn’t have even needed to eliminate that guilty pleasure altogether to see upward of $10,000+ in savings for that time.
With a sound investment, what could that money have grown to in the last 5 years with all the gains we’ve seen in the stock market? I’ll never know.
Have you thought about your financial regret?