Why you can have your smashed avo and eat it too

Breakfast catch ups are probably my favourite. Catching up with friends over a good morning coffee are the best way to spend lazy Sunday mornings. Then there’s all the amazing menu choices. For someone who is plagued with indecisiveness, it makes sense to stick to what you know and just roll with it. My go to is smashed avocado on toast because ummm…such deliciousness.

figs7
Source: All About That Food

Now, I’m not much of a budget-maker (I talked about it here). I kind of just roll with it and try not to put too much pressure on myself – as long as it all works out in the end. Well some people have other ideas!

I read this article in the Australian over the weekend (which has caused a bit of controversy, in case you haven’t heard) and was gobsmacked. The reason millennials are suffering in the housing-affordability crisis? Smashed avo(cado)s of course.

I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more. I can afford to eat this for lunch because I am middle-aged and have raised my family. But how can young people afford to eat like this? Shouldn’t they be economising by eating at home? How often are they eating out? Twenty-two dollars several times a week could go towards a deposit on a house.

There. I’ve said it. I have said what every secret middle-aged moraliser has thought but has never had the courage to verbalise.

Woah. Hold up. What?

Firstly, I’m not sure where you’re going to eat breakfast but I don’t think I’ve ever seen anyone charge $22 for avocado on toast #justsaying.

The maths doesn’t add up

Even if I was spending $22 on smashed avo 3 times every week (which I definitely don’t), it would add up to $3,432 per year. Generally, most banks require a 20% deposit. So after 1 year of saving on all those smashed avos, that deposit would be 20% of $17,160. After 5 years and an accumulated deposit of $17,160 from all those smashed avos you went without, that deposit would qualify you for a potential loan amount of $85,000. 10 years? A potential loan amount of $171,600 – still a far cry from buying your own home.

Median house prices for June 2016? Brisbane – $ 521,915. Melbourne – $ 740,995. Sydney – $ 1,021,968. Check this out for more info.

Hmmm. Yeah I’m not convinced my smashed avo habit is to blame for house prices being out of reach.

Why shouldn’t you have fun? It’s your life

It is not everyone’s goal to own their own home. There seems to be such a societal force that equates success with home ownership. Some people want to explore all of the exciting places around the world. Some people would rather spend their keep on their lifestyle. How is criticising young people going out to eat helping anyone?

I’m sure that Bernard Salt wasn’t just referring to smashed avo on toast. Rather the perception of millennials’ over-indulgent lifestyle. The concept of people living above their means is nothing new. In fact, isn’t that just a byproduct of the consumerism condition?

I think it is a bit ridiculous to expect anyone to cut out leisure spending when they have the funds. Live a little. There’s no point to remove all the little fun things from your life just in the pursuit of a financial goal. Life is more important than that. Expecting all millennials to do so is unrealistic. After all, why place this expectation on millennials and not other areas of the community. Of course people would be better off if they didn’t spend their money.

What else would you rather be doing?

I don’t know about you, but I get terrible hangovers. Pretty much the entire day is spent in bed watching Netflix, drinking Gatorade, eating all the greasy foods and feeling sorry for myself. I’m just not in the right place to leave the house, let alone socialise over a breakfast date!

Drinking is expensive. Even if you stay in. You buy the alcohol. The inevitable Uber into town when everyone is sufficiently drunk to be down for that. Paying entry fees. More buying of alcohol and shouting rounds. Then the late night drinking food (who can go past a kebab at 2 am?). The Uber home (sometimes coupled with a quick stop at your local fast food joint if you managed to resist the greasy kebab from earlier). Then you think it’s all over. Until that hangover-induced spending spree I mentioned above.

Now let’s just take a minute. All those hipster millennials sitting around at the cafe for breakfast dates have just avoided all of that (unless they have livers of steel). That $22 avo on toast isn’t looking so expensive now is it?

It’s all about perspective. What you see when you look at someone isn’t their full story. It’s about your story and what’s important to you. If avocados on toast on Sunday mornings do it for you, go right on ahead. It’s not gong to make that much difference anyway. I’m all for avoiding the pounding headaches after a late night drinking session.

Advertisements