Interestingly I decided to end the Poll about "Cutting Expenses." I was very surprised that the first item to be cut when in debt repayment mode was groceries. People chose groceries at 45%, with eating out coming in at 29%.
This was shocking to me. I personally voted eating out because I feel that category is discretionary. If I were paying off debt I'd stop eating out period, and my grocery bills probably would go up a bit.
Eating out is really a luxury to me. Also I would probably cut stuff like cable and fun money before the groceries, because I see those as extra. I however see people's point that groceries are the easiest line item to cut because it's usually over-inflated.
But I wanted to ask, how much easier is it to bring your lunch one day a week and save $5-10 right there than cutting $5-10 at the store? Or bring your lunch everyday and save $25/week instead of cutting $25 from going shopping?
But perhaps all those voters can convince me otherwise. The people who voted groceries probably don't eat out at all.