How to Save $1000 this Summer (Even on a Tight Budget)
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- เผยแพร่เมื่อ 19 พ.ค. 2024
- We’ve all seen videos on how to save $1000 in a month or $10,000 in 3 months, but those numbers can be daunting for many. So, let’s break it down to a more realistic goal - saving $1000 over the summer.
You can do this! - even if your budget is tight.
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People say that cooking at home takes too long. I say that getting in my car, going through a drive through ( or into a restaurant), waiting for my food and driving back takes too long.
Agree! ❤️🇦🇺
Exactly! It takes me about 10 minutes to throw a meal into the crockpot.
YES!!! You are right. My „fast food“ is a salad😎
…humm I never thought about it this way.
They call it fast food but it's faster to peel a banana and eat it while your hamburger is frying in your own skillet
If your budget is tight, you probably already don't have cable, go to Starbucks, or eat out.
Yes. Life is hard when some people don’t have what they need whilst others have far more than they’ll ever need.
@@paddymurphy-oconnor8255Its usually those with plenty that are least likely to share. The world is badly divided, and the divide is growing.
Make extra dinner so you can take the leftovers for lunch.
For too many people one thousand dollars or pounds will mean heating security through the winter. Peace of mind is a great blessing
I have two $1250.00 credit card payments left. Minimum payment due is $100.00. Citi bank is emailing me special offers day and night. I made a payment early Saturday morning and the representative audibly gasped when I told him how much I wanted to pay. I think he's used to talking to people who can't pay anything. Needless to say, it's going to be a few months of eating from the pantry. Being debt free will feel so freeing though!
That's awesome! I just finished paying my car off so I hear ya about only eating from the pantry. I don't work as much during the summer so I wanted to get the car bill out of the way.
The only debt we have remaining is our mortgage - but it’s a 15 year, and we are looking to lay it off within 5 years (half way there!). My credit union is no longer shocked when we make double payments to get the principal down, but they were at first! You’re right - most people don’t live within their means. But we do... and we also are raising a family on a single income, under the median! We paid off all of our debt, then got this mortgage... and even only having the mortgage is so freeing! You are going to be so happy, and proud of yourself, for the work you’ve done! Great job!
@@katiejon17 I'm a widow so letting go of over $1000 in a single month is a bit nerve wracking. Lol It has to be done though. Most of my debt was accumulated after my husband died and I had to make some big adjustments. We lived in a huge home in the country on 17 acres. I simply could not afford to continue that lifestyle on my income alone.
I am fairly new to your channel. You inspired me to check on insurance rates. I was even more motivated to do it when my insurance company, Liberty Mutual, which happens to be the only insurance company I have had ever went from $3,600.00 a year to $5,523.00 a year after I cut back on my car insurance from full coverage to liability. I have never had a claim on my home. I live in a very safe, great area. They simply put all of my savings from my car to my home. I have had it with them! So I switched to American Family Insurance. In the process, I had to give my account number to make sure my mortgage company knew I was covered. In the process I caught something that I didn't remember. When I refinanced my mortgage, I discovered my rate will go up on December 2024. Now my home will be paid off next year. However, I lose the awesome rate in December. So.,. I will take every extra penny and pay my house off by December 2024!!!!
Good luck! 👍
Every time we renew car insurance and home insurance, and the rate goes up (despite zero claims) - we start calling around and switch. If everyone did this, these companies would have to stop price gauging.
For those of us who already don’t pay for cable, frequent the coffee shop or eat out, thank you for the additional tips. We are saving hundreds per month by meal planning/grocery shopping only once during the month. When we went weekly, we bought more convenience items that we really didn’t need.
Btw we make our Friday nights special by making homemade pizza. Toss the ingredients together in the morning and let the yeast work all day. Everyone looks forward to adding their own toppings.
That brings back such fond memories. During the cold weather months, on Friday nights I made homemade pizza for "pizza and movie night" during the winter when the kids were all at home.
AC goes on when the humidity gets to high to breathe easily, was able to wait till middle of May this year in Central Texas
I am in southern Ontario, Canada, and it's not too hot yet, but I put my A/C on the first of May. With my apartment all closed up and the A/C on, I have made it this far without any allergy meds. That is a win for me!
Southwest TX here. Last year I was able to wait til June but I had to turn it on yesterday.
I live in Houston and had to turn on AC early this spring, but only ran it when humidity was high. Now bring May and 89 degrees it’s on all night long😢
Come for the advice, stay for ASMR... I started listening/watching you guys years ago... I work night shift and use you often to fall asleep..only draw back is I have to listen again... 😂 Wait . That s a plus!
I hope you and all who are plugged in have a blessed evening.
Thank you! ❤️💚❤️🇦🇺
U 2
Your picnic idea reminded me of my family growing up. My parents would take us to the beach almost once a week. We would head out with the Hibachi bbq and a cooler of food and drinks. They would buy one family sized French fry and ice cream on our outing, buy having the hotdogs or burgers and the water and pop already at our disposal left us with a pretty cheap outing. We loved it! We lives 30 minutes from Lake Huron so it wasn’t a lot of gas either.
We did this just this week! So relaxing for so little money
We did that growing up too, but to the mountains. Those are the best memories of my life!
We had to turn our air on early due to allergies and sneezing, and extremely loud mowers nearby who mow every three days. Now there's a huge waste of money.
Hope you look so lovely 😊 Your hair is so shiny and healthy looking! 🙌🏻 Larry you look good too 😄 I must be weird but I hardly ever go out to eat. On average I think I spend $30 or less per month on take out 🤷🏼♀️ This wasn’t always the case, I was a terrible spender for most of my life, but thanks to your tips I’ve changed all that! 😊👏🏻👏🏻
How about a video on seasonal excuses not to save. It's winter, utilities are high, can't get out so need to get the expensive tv shows, need more expensive meat, ect. It's summer, need a vacation, utilities are high, too hot to cook. Fall, kids need school stuff, have to do things now, winter is coming. Lots of excuses for not saving.
Good idea!@
Hope & Larry, I got to the premier about 10 min late, but enjoyed going back and watching the part I missed. I regularly drop some money each month into a number of sinking funds, one of which is "home/farm/garden" and this week, it's about to take a major hit. My land needs heavy work around the foundation of the house and the little barn that will require chainsaws and a woodchipper, and a $1,000 slurp of my fund is already circling the drain. I really do need to sell some china and other kitchen/serveware I acquired when my "wasband" and I entertained a lot at home.
For years we have only turned on the hot water when we were going to use it. Stays hot enough for a few hours to wash dishes etc. Now we are in a motorhome full time we do the same thing. No need to keep it on 24 hrs when you use it for 1 hour.
If your income is $10,000 per month, your chances of saving $1000 saving over the summer is higher than if your income is $1000 per month. Philosophically, i maintain that if you're in debt that paying down your debt as soon as possible rather than accumulating a lump sum payment or say a savings of $1000 before paying it on debt. This is all the more important if you're dying the death of too many minimum payments or too much of your income going to minimum payments. I agree with each and every suggestion here but if you're in debt, get those weekly savings applied to a credit card or other debt balance on a weekly basis.
You might split the savings 50-50 or 1/3 to 2/3 for accumulating an emergency fund, while the rest goes to getting rid of the debts. Murphy always seems to strike when you are trying to improve your life or finances!!
Love the pic nic idea. We use to go on family pic nic almost every week when I was a kid. One of my favorite memories was pumping water with the hand pump.
Larry, there is actually 4-1/3 weeks in a month. I use this formula when I want to lose a few pounds. I count the total number of days until I meet my deadline, then divide that by 7. Then I know exactly how many weeks I have and can plan if I need to lose a lb a week or a pound and a half. Much easier to track if I know exactly how much time I have. 😊
To keep cool in summer: Open the windows at night and use fans in the window(s) to pull the cool air in. Then, close the windows in the morning before it starts heating up and draw the blinds/close curtains on the sunny side of the house. As it warms up in the house, I put up my hair and turn on the ceiling fan. To cool off, you can either take a break and sit back with a flexible ice pack at the base of the neck, or wet the neckline and shoulders of your shirt and rub peppermint oil around the neck. You will feel as cool as a cucumber.
Enjoy watching each week as you keep me motivated to cut my expenses. No cable, subscription services, car loans, or Starbucks habits here to cut. However, working on cutting our grocery budget and trying to only eat out once a month. Our internet cost is high, but as my husband works from home and has to have it, there isnt much to do about that. I have decided that once our elderly pets are gone there will be no more as pet care is very expensive. Thanks for the tips!
This is GENIUS!! Wow. As long as you are disciplined, this can have great payoffs 🎉
Totally true. Having self-discipline, esp long enough for anything different to become a habit, is really key to achieving almost anything.
Outside of a hot day where I won't be home with my pets to monitor, my plan is to keep the AC off as long as possible!
Unless I’m very organised I will buy food when I’m out. Even if I don’t think I will. Having snacks in my car and ALWAYS packing lunch for work with a bottle of water is the only way. It works better than trying to skip meals.
Slight issue,dont eat out,sold things throughout the last year,never set foot in a coffee shop,dont havd cable,pay as you go internet..car currently off the road..struggling to find anywhere else to cut, one meal a day, 3 times a week thats soup,one meal is meat based ( cheapest cut option) .growing own veg. Family of 5. Our income is only 1200 a month!( not in usa)
You need a bigger shovel as Dave Ramsey would say.
Send the kids to stay with family
For how many years?..lol
Love your charts and plans, Hope. Actually seeing the steps laid out makes it seem doable. You are so right about the importance of writing down goals. This week I have been writing down my reading goals on each day's list. (I read a different category each day: biography, history, current issues, theology, domestics, classics, novel, 10:34 civics, health, nutrition etc.) and it is so motivating. I'm eager to reach for my book and look forward to using a mildliner to highlight competed objectives. The endorphins love these wins! Thank you for very actionable information.
I live in Houston, Tx so i go by temperature not by a date. It is already in the 90s.
Love this idea! You goal setting "so that" makes such a difference in how I look at spending and saving money!
Mint Mobile didn't work for us. They said they thought it would, but we didn't have coverage. We live in a smaller city. Our family never went out to eat. Meals were fun family time together. No vacations, so I don't feel like I need 😊to go on one. I grew up on a family dairy farm. Lots of work, but a great experience. You two are great. Really like your channel.
Great video. Eating out in the banking area, Brickell in Miami, FL starts at $16 to $28 so yes, prices have gone up. Lunch speciais of $8.99 long gone. I take my lunch and sit outside looking at the Bay if it's not raining.
We wait until June 15 to put in the window air conditioning. It’s something that we are flexible with the dates though as weather is unpredictable in New England. Bring in the cool air in the early morning by opening windows and block out windows that heat up the house. Pull shades , drapes. And blinds.
Great video 👏
Is there an extreme version of this? I don't drink coffee. Never had cable. Don't have AC at all. In winter we use pellet fire and I do online surveys to get voucher to buy the pellets
Super inspiring! I want your picnic e-book, but I have to wait until June and then I can buy according to our budget! I want the whole grocery bundle. Excited. Thank you both!
Yay! Can't wait to hear about what is most helpful for you in the Frugal Picnic Guide and the Grocery Super Savings Bundle.
Love your videos.....hopefully you are catching some young people who weren't raised with frugality. We are in our late 70's and already do most of the things you suggest. However, we might add that in our area there is a very high rate for "peak demand" times for our electric ($3/kw vs $0.11/kw), so we make it a point to not use the clothes dryer, oven, etc. after 4 p.m. if we can help it.
The selling stuff amount in their goalplan is ambitious.
Well, Im not far from you and the ac is on. It takes the humidity out. I cannot live comfortably in 90 fegrees lol ...so its a 70 degree thermostat and a nice floor fan.
I'm in Michigan, and we've had a HOT streak. I'll turn the air on when it gets hot but I keep it ice cold in the winter. 🥶
I also open windows at night to ice it up in there.
Great video! Thank you!❤️
14:55 Optimally, we don’t want to turn on the AC. But we try to wait until July here in Michigan. We love your channel. Thank you for all the great information!
We have on demand gas water heater, we have saved on electric bill.
We just got one too!
We’ve had ours for 7 years and love it, especially when we have guests. No one has to have a cold shower.
I had a electrician wire a on/ off switch to my water heater. My house is all electric. The switch is just like a light switch.
Hope and Larry,
One question, one inquiry:
1) to get the free frugal family picnic guide, do we need to purchase the rest? That’s what it looks like, that it’s a bonus with purchase. Or am I lost?🤪
2) Hope - could you and Daniel do a video on frugal, nutritious meals when it’s hot and muggy and no one wants to turn on the oven or stove? Seriously... when the humidity peaks, I don’t even want to boil noodles for a pasta salad!
Thanks guys!
Yes, that is correct. The picnic guide is a bonus with the Grocery Super Saving Bundle. I love your idea of hot weather, no-oven recipes!
@@UndertheMedian Perfect - thank you for clarifying! I must have missed that. And yes please - I have two little ones playing soccer all summer and I need to not steam-up my house 🤣
@@UndertheMedian ok - one more question! I just purchased the Grocery Super Saving Bundle and I want to know if I will always be able to access it from the email link, or if I get only one chance to download it? Thanks guys.
@@katiejon17 , Thanks for your purchase. I can't wait to hear about what was most helpful in the bundle. Download the 1-page PDF to your computer and click on any of the small images of the eBooks. That will take you directly to that eBook. If you have any problems, contact me at: hope@underthemedian.com. I'm happy to help.
@@UndertheMedian thanks so much!
Actually 3 months is 13 weeks. So $1000 would be $76.92 per week.
I'm at the level of $100/ quarter & that savings is used for the winter heating bills!!
Picnics are great!
I try to make it to memorial day before the a/c is kicked on, but 90° and high humidity here in Missouri I turned it on. I do however don't go lower then 77° for nights and daytime it's set at 79° we use fans and it keeps us comfortable
I turned up my AC to 79 but I’m still not seeing my electricity bill drop ???
Mizzmiami, have you replaced your filter? Your filter might need replaced or cleaned if it's reusable style that can affect your a/c causing it to use more electricity
@@melindastookey3831 I will definitely change out the filter and see if it works! Thank you
@@mizzmiami3242 Did your utility company raise rates? Ours did. Also, check the filters.
@@desertfish6239 Yes I believe so!! I feel like There’s nothing I can do to get the electricity bill down. It’s been really hot here so I assumed it was the temperature keeping the AC on.. so I plugged everything out, turned off the air conditioner for the day, I turned off the lights , no laundry, no dishwasher and it still went up!! Lol
Great tips guys😊
The whole purpose of going out to eat is. No cooking, or cleaning up !!!! LOL
Ok, I live in Germany, but it seems, there is not much space to save for me. For my grocerys I need about 30 dollars a week, cutting back to 25 is impossible. Usually no eating out, maybe once in 2 or 3 months or so, no cable (no tv, only amazon prime for 8.99), no airconditioning (not common here). My electric bill is 31 dollars a month. Lunch at work costs 5 Dollars with salad, main dish and dessert, I use it about 2-4 times a week but I don't pay it as it is taken automatically from my salary by the end of the month. But I guess I am also lucky that I don't need to save that much. Anyway, interesting tipps (and how much everything is in the US), love your videos.
Definitely have a goal date for turning on AC and heat in the fall.
😂😂i tried to sell somethings at a garage sale. Cuz honestly I was using too much electricity having them plugged into the sockets. So I sacrifice myself yes I love the items but when they sucking up energy its not the best things to own.
I went extreme I cut cable and apps and even my cell phone I cut the price. Not as convenient especially since I'm gonna sell another smart phone. But I'd rather not risk. I go out a lot and people are shady looking if you leave a phone behind or who has one or not. I'd rather have a dumb phone where I can call for an emergency.
Mint mobile has zero reception in my area! Any other options? A/c turn on July 1. We live on Long Island. I usually make the date but last year we weren’t even close!
T Mobile has the same plan as Mint. Hope you can get it where you live.
I have basic cable Larry and Hope and I have my internet and phone and tv all on that. It is now $245.00 in Pittsburgh, PA from Comcast and they tell me that is the best plan I have no extra anything either. That is close to a car payment. I don't know what else to do either. Gosh in Pittsburgh you can't buy lunch out it is 17 dollars for a basic sandwich. AC on here in Pittsburgh it is humid and hot near 90 can't sleep like that.
For anyone curious, you can get a trial of mint mobile to see how the coverage is in your area!
How can you save 1000 over summer, if you have nothing to sell, don't have cable, don't eat out or even drink coffee? I work 2 jobs. Don't have cable, streaming service of any kind, and can't seem to cut expenses any farther than I have. What can I do
I pay $133 for cable tv and internet if I dropped tv I would save $30 a month not worth it I have to have fast internet due to working from home on the internet
😂 I am having my husband put the AC IN today. It was almost 80 here today in RI. I over heat easily because my body doesn't regulate temp well. So I keep my heat l Iow in the winter and use the AC In summer
I gave up going out to Buffets once a week now I only order one main course and no more three or four course meals
Hello from Iris from Louisiana
Hello from sydney australia 🧡🇦🇺
Where in LA?
Oh gosh, Hope...July 1 ? We hoped for May 1 when we lived in AZ and were hoping for June 1 here in IN.
Please do a second one on this topic for those that don't buy coffee out, have already cut back on cable (as in don't have it, but a few small subscriptions) and are trying to sell but with this economy even that is hard to do .
Check out the video that I referenced in which we gave 50, five-minute saving hacks. You will find more ideas in that video for saving money. th-cam.com/video/lLm4a6BNNMA/w-d-xo.html
Mint mobile is not cheaper than my tmobile bill as I use my phone as my internet. Thus talk, text, and internet on mint mobile is 45 a month. I pay 35 on t mobile.
I keep looking up Mint Mobile's coverage map wanting to switch, and it's just not very good here in western NC. And way worse out in the western US.
I also signed up for Mint mobile but unfortunately although my area has GREAT coverage my office is located in the basement of my office building so I have zero reception with Mint mobile. I am sticking with Visible cell service as I have good reception with Visible cell service in my office.
Did Larry ever do a video on used car shopping? I think you guys mentioned it on a video, but I was never able to find it.
Yes, he did. th-cam.com/video/eJIP2_DNDR4/w-d-xo.html Tomorrow's video will also be about how to get the best MPG when driving.
I'm not far from Madison! What are you coming to visit?
It was just an example. But, we have been to Madison for a lovely, long weekend trip and absolutely love that town. Lots to do for free.
Just switched to Mint Mobile, but signal is poor.
How do you figure your grocery budget if you plan to do a pantry/freezer challenge during the month? Would you budget as normal but save at the end of the month or put the money to your goal straight from the beginning?
One thing is sure: you speak to North Americans! I like your channel, but it really most times don't apply to me South American. 😅😅😅
🤔😒
Husband won't do away with cable bill it's like 170😮 and no movie channels