1. Home
  2.  / There Is Such A Thing As A Free Lunch. It Could Make You Rich

There Is Such A Thing As A Free Lunch. It Could Make You Rich

Don’t believe people who say there’s no such thing as a free lunch. In fact, free lunches could see you saving $55,000 towards a house deposit after 10 years.

19 October 2021

JUNO Investing magazine’s research suggests Kiwis spend between $8 and $20 a day on buying lunches from restaurants, cafes and takeaway joints instead of taking leftovers to work.

If they used leftovers or home-made lunches, and invested the money they saved, instead of being worse off by $174 to $435 a month, they could be thousands of dollars better off.

A Kiwi spending $20 a weekday on food and drink could earn $55,842 if they took leftovers to work and instead saved that money in an investment fund.

JUNO’s projections were run on www.thecalculatorsite.com’s compounding interest calculator and adjusted for 2% inflation per year. They assume an average return of 4% per year, say in a balanced managed fund.

Even if you only spent $8 a weekday on food, that would still add up to $174 a month. Invested, with compound interest, that would earn you a healthy $22,863 over 10 years.

Statistics New Zealand data shows that in 2019 the average Kiwi household spent $67.70 a week on restaurant meals and ready to eat meals.

Of that, meals bought at restaurants added up to $26.50, and ready-to-eat meals were $39 a week.

If you struggle to have food left over, or don’t have a microwave at work, you could buy supermarket lunches for just $3 a day per person:

Here’s an example:

· Instore Bakery wholemeal bread rolls, 6-pack $4

· Farmland Just Cut Ham 100g $4

· Anchor Cheese Slices Processed Colby $3.80

· Iceberg lettuce $3

That’s just $14.80 for a week’s home-made lunches for one: $2.96 per person per day.

* Supermarket prices from Countdown online shopping.


Informed Investor's content comes from sources that Informed Investor magazine considers accurate, but we do not guarantee its accuracy. Charts in Informed Investor are visually indicative, not exact. The content of Informed Investor is intended as general information only, and you use it at your own risk.