I'll admit that taking a break from the kitchen and eating out at a nice restaurant or grabbing something fast is in order. But is it healthy to do this all the time?

A recent study found that 49-percent of millennials (Gen-Y) spend more eating out than saving for retirement. According to the experts, that's the direction that many millennials are heading, and it's not good.

The survey comes from an outfit called LendEDU.

They show that the 49-percent of millennials who are spending more eating out spends about $163 a month on dining out, fast food, and restaurants.

Their studies also show that a good portion of 37-percent is not saving for retirement.

However, they're not the only ones.

Many Americans in the Gen-X category fall into that same slot. Especially with many jobs in the market that don't have some kind of pension program in place for their retired workers.

Here are some of the millennial spending habits that LendEDU found:

  • $38 a month on coffee
  • $75 a month on alcohol
  • $39 on marijuana
  • $281 on groceries
  • $49 on concert venues, sporting events, and other entertainment
  • $43 a month on vaporizers and tobacco products
  • $7 on music streaming services
  • $23 a month on exercise and gym programs

I worked with a lady, who was not a millennial, that smoked about a half pack or more cigarettes a day and went to a local coffee shop.

I figured that if she was spending $10 a day on coffee drinks and $3 a day for consuming a half of a pack of smokes, that equaled about $91 a week. O.K., let's say she only went to the coffee shop during the work week.

That still comes out to about $70 a week. If she continued that habit for the whole year, 52 weeks a year, she's spending $3380 a year!!!!

If she cut her trips to the coffee shop in half, she'd save $1300 a year and if she tried to cut down and quit smoking altogether, her savings would be more than that.

Looking at the expenditure list above from LendEDU's findings on millennials, if they were to cut back on some of the 'luxuries', they could save more money for retirement.

According to an article in the Washington Examiner, the survey asked retirement and spending questions of 1,000 millennials between the ages of 22 and 37 and found that the above list was popular among the age group.