Carly DeFelice, a 38-year-old financial coach from Austin, Texas, demonstrates how effective budgeting can significantly impact savings. Despite earning a modest annual salary, she has successfully paid off $35,000 of debt and amassed about $400,000 in savings and investments.
One of the most striking examples of her budgeting prowess is her grocery expenditure. In a time of rising food prices, DeFelice manages to spend only $123.65 per month on groceries.
Her secret? Diligent meal planning and strict adherence to a grocery list. This simple yet effective strategy, she claims, helps her save thousands annually, far below the average person’s grocery spending. It’s a clear example of how attention to detail in everyday expenses can lead to substantial financial gains.
