Chris Larsen breaks down how to categorize spending: food is a need everyone has, but you choose between Aldi and Whole Foods, takeout or cooking at home. Bucket your money into needs first, then wants and desires, so essentials stay covered.
You know, discretionary, non discretionary is like tricky because everybody has to eat. So food is non discretionary. But are you going grocery shopping? The local grocery store? Are you going to Whole Foods? Are you going to Aldi? Right. Where are you going to Costco? Where are you shopping? Do you go out at all? Do you get takeout? Do you get to a restaurant with a white tablecloth? Right. There's just this range of expenses. But I think bucketing needs versus wants versus desires, Right. Is really important and making sure you are covering your needs, needs and some wants.
