7 Ways You Haven’t Tried To Save Money | The Financial Diet
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- เผยแพร่เมื่อ 3 มิ.ย. 2024
- In this week's video, Chelsea walks you through seven new ways you can try and save money -- super useful ahead of the holiday season. You can find even more money saving tips in this video: • 5 Small Changes That S... .
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Want to learn more ways to save money while shopping? Chelsea will tell you how in this video: th-cam.com/video/FO8o7HB1e-E/w-d-xo.html.
Credit card points. Lmao
See, so many people recommend cash only as a way to save money because "it will feel harder to spend it when you see it physically leaving your hands." But I (and other people I have heard from) have the exact opposite problem. Cash is easier for me to spend, because that money is already out of my bank account. As far as my checking and savings is concerned, that money is already gone, whether it stays as cash or gets exchanged for goods/services. But if I use a card, then I'm spending money that HASN'T left my account yet, which feels a lot more impactful. In the end, you kind of have to just know yourself and what types of spending matter to you.
This. I am the exact same
I used to be like this, and I also wouldn’t count the cash I do have in my wallet so I wouldn’t understand how much I’m spending. The cash envelope system has changed that for me though, because I know exactly how much money started out in each envelope and watching the envelope get thinner makes me reconsider if whatever I’m about to buy is worth it because I have a limit on how much I can spend per paycheck on that category.
Agreed. Also, it's so easy to forget what you spent where when it was paid in cash. Whenever I pay on my debit card, I get a notification on my phone and I see that purchase every time I check my account. When it's on my credit card, I see a cumulative total of my spending for the past month, and feel like I have lost the money again when the balance is removed from my debit account.
Me too! Exactly! So now I have an excel sheet that I record all of my expenses and I am always aware of what I spend and to which category 😉
I'm the same!!!
1. Cash only food diet
2. Be creative when browsing
3. Punch card treat yourself day
4. Rethink your commute
5. Second hand challenge
6. Store loyalty programs
7. Strategize gift cards
TYVM was looking for this
Hey, girl.
The hero we need
thank you because these videos bore me.
@@brittsade3713 hey, girl
I feel poorer and poorer every time I watch a financial advice video
How so?
Maybe ask if it’s a want or need before you buy anything and go from there.
I guess because it never seems like the advice in the videos pertains to someone with an income as low as mine. It's a joke to me to hear that $800+ on food alone a month is "reasonable" when that's more than half my income for my family. I don't need tips on how to use gift cards to my advantage, I need tips on how to grocery shop so I can afford to eat 3 meals a day and my rent. It's just irritating when you feel like you're doing everything you can and the tips are "cut out this and that" like you actually have any luxeries in your life like iPhones, cable, new cars, restaurant meals, etc.
Exactly. People that are getting any information from this have more money than the average family. If love to only have $800 a month for groceries.
@@electricpenguin32 if I may suggest, check out Debt Free Dana or Sarah Nourse. Both have financial advice for "real people" budgeting. More so Dana than Sarah, but Sarah does have great advice for financial strategies, long term goal setting, and both advocate to get debt free and stay debt free. Hope this helps 😊
P.s. also check out Lydia Senn! She has really great and practical advice.
Our city has a Tool Library; when working on making those second-hand look better, you don't have to buy that tile saw, nail gun and shovel!
That is so so nice !
That's awesome! I'm going to mention this to my municipal government to see if we can get that going here
@@TheKarebear666 I don't think that's a government thing, many places have these kind of public workshops created by enthusiasts. You use the workshop and then donate some money. Or there are companies that rent out tools.
Everything seems like a luxury after you don't do it for a while. I spend a little money... and I'm like this treat is amazing. I wouldn't have that same feeling if I spent whatever whenever.
True, I normally cook my own breakfast. Today I went out and ran errands by myself and stopped at dunkin. I got a coffee, bacon wrap, hash brown, and a donut. Spent about 7 dollars. Felt like it was crazy, but I have completely stopped going to dunkin in the last 6 months. I used to stop at least 3 times a week. I bought a knock off keurig for my desk and just make Breakfast at home. I probably spent about 250 dollars at dunkin in 2019. Those little dollar donuts added up. On my ass too
This is so true. When the water heater in the house of my mother broke we only had cold water for a week... What a luxury to have a warm shower then. We don't realize how luxurious our lives became over the last 100 years.
Shout out to Chelsea for saying "only $800 on food" with a straight face like that's a normal or remotely acceptable amount to spend for two people lol
That’s about how much my husband I spend on dining out and groceries. And we live in the Midwest where groceries are cheaper. In places like Seattle a gallon of milk is almost $5 and $2 here.
I spend about $200-300 a month on groceries for 2 people in Chicago. Like IN Chicago. We don’t deprive ourselves either. Cannot identify with an $800 food budget. Jesus Christ.
Right?! That's over half my monthly income 😱 I spend too much on food for 2 right now ($50/week-ish) but I guess I don't need to feel that bad.
It really does depend on where you live. I spend $500 a month on groceries and eating out. Groceries includes non food as well - soap, shampoo, etc.
I was looking for this comment lol
I would really like to see that survey of millennial dining habits. I am a millennial and refuse to believe that 40% don't know what a butter knife is...
I feel like the ''not knowing what a butter knife is" doesn't really reflect one's ability to cook or not to cook, but rather the way we've become more casual about dining in general so we don't necessarily include a specific butter knife in a place setting anymore.
Yeah... I don't trust that data. It would be more believable if they said millennials don't know what a fish knife is.
I was thinking the same thing. I get take out once a week at most. However, that one take out will sometimes be the same price as the 5 nights of dinner I cooked myself, which would come out to roughly 50% of my food costs for the month. We also have a rule not to get anything delivered that I couldn't make cheaper. Like, when I get a curry I make my own rice. I could buy two bags of rice for the cost of one portion of take out!
Also what is up with that $800 monthly food bill? Maybe that's just an NYC thing? Last month we spent a little over $300 for 2 people.
I have to thank you for giving me the $5 bill saving idea in one of your previous videos. I saved $5 bills for about 2 months and I had $220 and was able to do all my Thanksgiving food shopping for 6 people, fill up my car with gas and had enough to splurge on some new makeup that I needed. Normally I would have had to use savings or even a credit card. This was a painless and even fun way to save. It made a normally stressful week so much easier.
Wow I want to try that out, which video is it?
Do you know what video that is? I wanna try that.
I loved that tip too, I was able to save some money that way and treat myself after a month :)
Mercede Marie idk which video but I would def recommend searching for "savings plans" on Pinterest. There's lots of different variations you can do throughout the year to get to savings goals!
I'm doing the same(in another currency) and am trying to see how much I have saved by christmas 😊
when setting up a budget I saw my food spending was out of control...got a prepaid credit card through my bank to only use for food...now it's a game for me to have leftover money on it at the end of the month...big savings and some weight loss with the better choices...
Yeah...when I actually started budgeting I found out I was spending about $800 a month on food for a family of 4 😱 That was groceries, fast food, convenience foods, restaurants. I have since slashed that in half!!
1) 0:56 The Cash Only Food Diet
2) 3:45 Be Super Creative With Your Browsing
3) 5:19 Punch Card Treat Yourself Day
4) 7:38 Rethink Your Commute
5) 9:37 The Second Hand Challenge
6) 11:31 Store Loyalty Programs
7) 13:17 Strategize with Gift Cards
I posted a comment with timestamps of the video too, and I can't find your or my comment on the main comment page, only under "new comments." I feel like this keeps happening, since it's like my 3rd video this happened with on TFD. Is TH-cam hiding comments with timestamps? Am I going crazy?
BOOST!!!! This should be one of the top comments. All listy videos should have time stamps comments as the top comments....if not already having the timestamps as part of the description.
Second Hand food?
$860 on food for 2 people in one month?? Is NOT A LOT??!! What the heck??!! How poor am I..??
I spent literally half that.
I also don't understand how not being able to make a salad dressing means you can't cook. I can cook a lot of different things (or follow a recipe), but I have no idea how to make a dressing (unless you count guacamole for some reason). She cited really random statistics (I could identify a butter knife well before I could cook) and somehow concluded that we can't cook.
For real! My SO and I spend about $300/mo on ourselves and my BFF spends about $500/mo for a family of SEVEN without assistance.
I was so confused when she said that! I don't even think I could spend that much on food if I tried.
we spend less than that on a family of 8.
$860 is a reaaaly good 1 month salary in my country. Or 2 months if we are casual.
I think the reason people spend a lot on dining out is because of how on the go our culture is now. My dad travels a lot for work so he has to buy food like that. Plus a lot of people my age that I know are constantly on the go. So if a 23 year old has class from 8-2 , work from 2-8 and then has to study for their 5 college classes chances are they won’t be cooking a whole lot in between. I personally love cooking and do it more so on the weekend when I have a bit more time.Not trying to be negative, just something that should be taken into consideration.
It’s possible if you make it a priority. When I was in college and worked, I took advantage of batch cooking and super easy meals. I used the microwaves in the food court and even asked for hot water from coffee shops for soups. It takes a little for thought but it’s often possible. Good luck! :)
I'm not even as busy as most people and cooking exhausts me. I don't mind doing it sometimes, but... damn. It's all the planning, shopping, preparation, waiting... it's not like I know what I'm doing either, so I'm trying to teach myself along the way. There's so little time in this day and age (by intention!).
Yeah sure, making things in advance and freezing them is a way to go, but that still takes up time and such. Having a slow cooker/pressure cooker also helps. Definitely helps if you don't have to try to work with a kitchen the size of a small cube and an EZ-Bake oven in your apartment.
@@weregretohio7728 Good points you made. One thing that helps me is buying frozen veggie packets that heat up in the microwave. If I am making a stir fry I just make the rice and throw in the veggies that are already cut up. Add some soy sauce and sesame oil and you are good to go. I also make a lot of my own sauces so I like to make pasta and put the sauce on it with some of the veggies. Healthy and fairly quick. Obviously this is different for everyone but it does help.
Stupid Google you kinda need to suck it up and go through the hustle if you want the desired outcome. I tend to put on my headphones and listen to an audiobook on sunday mornings or during the evenings after work while cooking and preparing my meals. Mind you, I am a full-time student with 2 part time jobs. I have saved up over $2K doing this compared to my older spending habits a year and a half ago doing this in addition to the health benefits. So worth it. :)
Meal prepping Sunday’s
Becoming lactose and glutenintolerant really took care of any expensive habits of having food on the go. The only thing I can eat on the go is a banana.
@@chickensandbeandip Works wonders for your weight. I never have to use any self restraint to say no to junkfood or other food that makes people obese. I get my punishment immediately after indulging, not weeks afterwards on the scales.
Chipotle
What about boiled eggs or other proteins? Nuts?
What a relief to read your comment! Lol! I feel your pain. The other day I had a little breakdown after leaving a restaurant "I want to eat cheese!" I was sobbing. Most people just don't get it. Sometimes I wish I could eat the stuff I use to.
Lucky! I can't eat bananas because of the potassium and how I've had kidney stones. :/
One more tip! If you shop online often and don't urgently need the thing you're shopping for, then be sure to create an account on that site and add those products to your cart days beforehand but not finish the purchase. Often retailers have coupons that are automatically emailed out to people who have previously browsed certain products.
Retail me not, constantly bombarding me with sales, does not help me save money 😂
100% agree. The best way to double your money is still to fold it in half and put it back in your pocket.
Yea, but that’s how our oh so wise financial counselor personally cashes in on out attention to her. “Please click the link below so I can have a piece of your consumerism.”
Also a good tip for the gift cards.. what I do is I save all the gift cards I get from people for my birthday or Christmas (mostly like ones that I won’t use on myself) and then I use them to buy gifts for other people for Christmas/birthday/ Mother’s Day, etc.
Thanks Chelsea, I have been learning alot from you all. You have no idea how much of impact your advice has in our financial lives. Keep going!!!
Buy Nothing is also a great Facebook group to get stuff for free! Also, I got my teal KitchenAid on Goodwill's auction site for $30 with the attachments as well! It was only a few years and I've had it for 5 years and it runs great!
Video title: “Ways you HAVEN’T tried to save money.”
Video: “You’ve probably tries this.”
$800 a month on food has me a little shook. That’s so much! But I’m right there with you on second hand home goodies. Nearly all out furniture was thrifted.
How the blazes do you manage to spend over $800 on food in a month!? My food has *never* been that big, and I spend less than $600/month on feeding 4 people now.
Depends on where you live and what you buy? In LA our monthly bill is around $1000
It's called takeout, dining out and buying shit organically. The price adds up, specially if you live in gentrified areas.
For us, we find our health better when we can eat food that isn’t packaged. We eat out rarely, order in rarely. We do not have $20 burgers at lunch, as we work and eat at home. But, in LA food is expensive if you are not eating fast food or things made from a box. I tried coupons only to realize that “real food” doesn’t really come with discounts. I could get lots and lots of food cheap, but it was crap food. No, I don’t eat organic food or shop at whole pay check. It’s just the cost of living here and trying to eat balanced, well rounded meals. If I were younger, I’m sure my choices would be different. Why are people so aggravated by what others spend on food?
I spend 400$ a month on groceries, eating out, and coffee from a coffee shop. I include things like toilet paper, cleaning supplies etc in the budget as well though.. basically anything I buy from the grocery store or spend on food. But yeah 400$ for one person so seems reasonable to me.. I don’t think they meant just groceries. I do live in an expensive city though 🤔
You cook. Takeout adds a lot.
"that month, she and her partner only spent $860 on food and dining...."
ONLY? for two people? that seems like quite a lot to me.
Depends on where you live. In Zurich, one pizza when eating out is $30-35 lmao
@@giuliazumba158 honestly if you're getting a (good, authentic) pizza it's the same cost here. Since the pandemic, my food (groceries) spending increased by at least 50% but I'm still only at $300-350 for two adults.
In Canada, where food costs are astronomical compared to the US.
@@mikeclarke1986 No that’s the price of a cheap pizza, not a good authentic one.
$800 on food?! Groceries cost me about $85 a month, restaurants another $55 (if that). I cook from home and in bulk on Sundays. Think chili, burrito bowls, oatmeals, and lots of fruits and veggies. Meals that are filling, healthy, and frugal are possible :)
thisyearsgrl88 the challenge is always that food prices can vary widely depending on where you live and what you have access to. Some people also choose to spend a little more on organic, local, fair trade or higher quality food. It’s great you’ve found a way to make your food dollars go far!
@@kriscox4019 very true! I know living in a city can be more expensive. I live 45 mins outside Philly so I'm sure that helps with keeping costs low
$85 a month? 🙇♀️
I didn’t totally fail in my shopping ban! The trick is recognizing that most of the time, your purchases are useless. I also don’t get mad at myself if I do end up treating myself to something.
Before becoming vegetarian I would do takeout every night. Now I cook every night I love having extra money
Yup. I'm vegan - I have to always cook at home.
It might be macabre to some, but there are deals to be had on home goods and furnishings at estate sales. If you have a Thursday morning free some hustle can net you some really amazing stuff secondhand. (And you really do help a grieving family defray end-of-life costs that almost everyone forgets to plan for.)
Love the fact you don’t make any mistakes going over the points...
the food part is killing me. i know how to cook, my parents were chefs and i worked as a chef as well so cooking is really easy and fun for me. problem is the city i live in, the grocery cost the same and some times more than going out.
my grocery trip last night for example; i bought a large pack of chicken thighs on discount for $20, bundle of spinach $3, a couple of Russet potatoes $2, a brick of butter $5 and after taxes that came to about $35. I can parse it out to roughly 2 dinners and a lunch at work, which makes it about $11 a meal. This doesnt even count in the cost of oil and spices i use, though its not like i buy one for every meal but if i were to divide a jar of oil to 15 meals, thats an other dollar or so and plus an other dollar for spices used.
If i were to go to the burrito place down the street, a single large burrito that would fill me cost about $9.
i choose not to do that because its unhealthy. but man cooking at home is getting more and more expensive...
it depends where you shop. some stores are cheaper for produce (where i live, sprouts) and others give you better deals on meat (tom thumb). gotta be smart with how you shop. also, $20 of chicken for only three meals worth is a major ripoff. it should be like $2-4 per lb depending where you live. for $20 i could get at least 5lbs of chicken at tom thumb!
Those prices are crazy! I hope you can find a better alternative soon. Until then I can recommend cutting some of the meat out of your diet. So maybe just eat meat 1-3 times a week. There are many other protein sources that are much more affordable.
How many chicken thighs did you get?
Go vegan :) Rice, beans, frozen veggies are cheap pretty much everywhere!
@@c0uc0u yaaa but i also want to enjoy my food and not hate myself
I’m incredibly fortunate & grateful because all of my dishes & kitchen appliances are hand me downs or gifts. My parents also have a ton of old furniture in the garage. My dad is going to help me fix them up & what I fix I can keep
$860 on food in a month for 2...
With that budget, even halving it for one person, I could eat out every day of the month and still have enough left to feed myself the way I currently do.
I mean, sure. The places I can't afford to go to gotta have some customers that pay that much
😂
ruolbu for sure! I budget about $500/month for food for my husband and I, including groceries & going out (and truly that’s plenty of $$ and we don’t have to skimp on anything) but I won’t lie - when we made a bit more money and didnt budget, I went back and checked and realized we frequently spent $1,000 a month on food for the 2 of us (which seems insane to me now!)
Wtf I spent $250 last month on food for my bf and I and thought THAT was a lot.
I live alone and spend around 100$ a month. And that's pretty expensive for me already
I'm glad I wasn't the only one kind of bowled over by that number. Maybe I'm just poorer than I thought, but for two people that is a lot of money on food...
I live in NYC myself and my roomie and I usually spend around $100 per week per person on groceries, $400 per month per person. Basically $800 per month for a two person household. And we work in restaurants and usually eat 5-8 meals per week for free. We maybe go out to eat every other week, spend around 60 per person. Food is hella expensive out here. One of the most expensive things, outside of rent/real estate. Without even being bougie.
Thanks for the tips. I love your channel! I’ve saved money by trying to bring my lunch to work more often, and selling old clothes that are no longer my style. Every little bit counts!
My college roommate was a total savings rockstar and managed to furnish our first apartment with free stuff people were getting rid of or just leaving on the street plus a $20 sofa in excellent condition. If you live near a college or university around May-June, definitely keep an eye out for free/cheap furniture.
You have to pause a little bit because is tired to listen you without big pauses. You are very helpful thank You!!!!
You and your videos literally make me feel like I stand a chance at this whole “being an adult” thing, thank you 🙏🏽
These are awesome! I am all for saving money and being smarter in managing our finances. Thank you for sharing.
Chelsea , I just discovered you on TH-cam and I have to say I really am enjoying your videos very much so. great information presented flawlessly
Love the home goods tip! I love picking up furniture and painting it. You can get such a cute eclectic look!
I got a Le Cruset Dutch oven for $20 at Goodwill. It was a little expensive for Goodwill, however retails for hundreds of dollars plus was cheaper than buying a less expensive one new.
Thank you for sharing 😀
OMG…this is one of the best TH-cam videos I’ve ever seen. It is so creative and dense with content. How do you do it? You must be a genius-thank you! I’ve actually already used Retailmenot for years but was not aware of the chrome extension, which I will immediately download. I’ve done that trick of holding up my phone with the Retailmenot discount code and compelling the sales clerk to honor it. I’ve also been on a cash only budget for two months and am amazed at how effective it is (it’s like rewiring your brain). I’m eager to listen again several times to your post and really take the time to study each detail in depth. There’s so much more l could be doing that I wasn’t aware of. Good show!
Has this woman written a book yet! Never get tired of what she says and the way she imparts it!!
I LOVE your videos! Thanks for inspiring millennials everywhere to be financially smart!
Love these creative tips!!!
This was a stellar video! I love the idea of the treat yourself punch card. Wonderful stuff!!
Hey Chelsea! Most thankful to you, Lauren and the rest TFD folks for your work, I admit I binge on your channel. Small and nerdy notice, some people like myself can cook, but have not really had a knife called "butter knife" in their lives. We have many knives at home, and preferences on which cuts what, but these two words nope, never used. However thank you, you made me curious to google it :P
Who else was thrown off by the video suddenly becoming an ad?
It's weird that they didn't mention that the video was sponsored in the description...
This is a tough sponsorship because if we didn't have online shopping to get obsessed with, we'd all have more cash. But we'd all have more poorly fitting clothes and other things that give us value, so it comes down to keeping our long term goals in our spending.
It was mentioned within literally 5 seconds of the video starting, thought it would be obvious?
@@portia331 I actually missed that, probably because I tend to skip the first 30 seconds or so of introduction, and I wouldn't be surprised if other people do that too. I appreciate the transparency, so thanks for including it. Maybe also put it in the description?
I’ve found a great way to cut cost with my car is to have a unit in my car that tracks my driving from my insurance company. It has saved me $30/month. Over 12 months that adds up! Also effortless n passive saving.
Thank you Chelsea
I think something really helpful for your channel would be to have cc. The auto generated ones don't match and you could grow your audience. You have a channel that is helpful to everyone but not everyone has access to what you're saying. You wouldn't just be helping the deaf, but also the hard of hearing and those that don't speak English as their first language. I hope you think about it. It would make your vidoes so much easier to watch. Love what you're doing, and thanks for all of the help so far!
lots of good saving tip. many thanks
OMG Chelsea where did you get that Jacket/Blazer? It is amazing!
II Love you Chelsea! I can't drive and even though I live in a more in-universal travel friendly area . I always love your EU opinion of refreshing or reconditioning things, especially when it come to saving money.
I can just recommend TFD to anyone who wants to improve money relations and English in one shot! Chelsea, you are my NY star!
The part about cash being recognizably harder to fork over than your cards is accurate at least for me. Not a bad idea! Thanks for the video, I've got to get a grip on my finances.
This professional outfit is total goals. Love it.
Do you even speak English? Her outfit is goals? What the fuck does that even mean? I hate millennials..
뿡뿡! ^__^ calm down. Go outside.
Like the info about the loyalty/ gift cards.! And I love Ebates to save even more
I disagree with you on only using cash. When you use a card there's a record of what you spent money on so you are held accountable and factor in what you need to do to improve or save money. You can also get scolded if you you are married or if you live with your parents. But if you use cash there is no record of it and you are not held accountable for anything you are spending money on. Deciding to only use cash can make bad spending habits continue. Such as if you are adicted to star bucks and you decided to just pay with cash so there's no record of it on your budget.
It’ll be recorded as cash out of your bank account. If you and tour partner decide on s good budget and you spend it all on Starbucks, they’ll be wise when there’s no dinner. Haha
Where I live, in the Caribbean, we are not tied to credit cards especially since most don't own one. The APR is sometimes too high or the credit limit. So it's cash for all purchases.
@@kriscox4019 It'll be recorded as cash out, but after that, it's just cash that disappeared. And after few weeks it's hard to remember where it went. The cash only method works for some people, but I tend to spend more if I have cash than if I pay with a card. Because I'm like "oh, I still have some cash on me, I can buy this little thing that I wouldn't buy otherwise".
The cash is recorded on every receipt you get. What makes the cash method work well is then transcribing your receipts into a checkbook (the back has a place for this). Or you could use pretty much anything like a planner or an excel spreadsheet. Either way there is always a record of your spending it's just whether or not you throw it in the trash or not. Also you are always held accountable for your own spending, whether you track it or not is another matter.
@@omgkitcat That's tedious :D
"That rich people were throwing away because rich people are insane" XD XD XD I like this side of Chelsea, keep it coming! hahaha losing it.
omg I almost chocked on my water, lmaooo
That was epic.
Butter knives are the ones you use when all your sharp knives are dirty
For those of you that like using loyalty cards but hate having a big/overstuffed wallet, there is a app called Stocard that you can scan in your loyalty cards into. I have my Scene card, PC Optimum, and AirMiles on there and it saves me space in my wallet. And since I always have my phone on me I always have them 😀. It's super handy!!
So where I live and work its impossible for me to not have a car and drive to work, but the best thing I ever did was buy a moped. I found one for about 200 dollars and even after getting plates and insurance for it I still ended up saving more in gas than I paid for it in the first year that I used it. It was honestly the best decision I could've made.
Just found your channel & subscribed! Great content!!
Also, weird question, but what foundation are you wearing? I neeeed it! Your skin looks so radiant!
1:13 I’m a server so I already spent in cash only. Something I do is the moment I get home or after my shift, I count all my tips and set aside at least half of it for bills. That way if I make 60$ I have 30$ for rent and I can only spend $30 on other things for the next few days.
I was at my local Goodwill last week, and there was a BEAUTIFUL mid-century sofa, which I really wanted. It was the type that has the wooden frame and sits high off the floor. I mean is was GORGOEUS! They only wanted about $50 for it. Unfortunately, we're moving, so now is not the time to get new-to-us furniture.
Yes True Some of us Suffer A Hiccup or two.... We Rise, Learn, and do better, Most of us are Can do Type of people, Frugality is A Way of Life, Frugality Equals Security ect. it Rocks. Tfs.
Food! I about had an aneurism when I saw our family of six had spent $1k in food alone one month. Fixed that!
Good tips!
I had NO IDEA Target also had a debit card!!! I shop at Target all the time and have drooled over the 5% off discount that comes with the Red Card but my credit wasn't nearly good enough! I even got a BJ's membership for the sole purpose of buying Disney gift cards at 5% off for my trip!! I'm signing up for the debit card now! Thank you!!
At 4:58 of the video I received a notification from Retailmenot for bed bath and beyond of 20% save in store, this ads are getting smarter each day
a few ways we save money.
1.we put all loose change in a jar.
2.we do our laundry at a laundromat .it generally costs us $6 to wash and dry a 30 pound load. yes,we have a laundry room here,but its super tiny,and the machines simply don't do the job.
3.I always have emergency rations in the freezer for the lean times
Our major grocery store Kroger often does 4x fuel on gift cards, if you use the Krogrr app/digital coupon.. I buy a couple for places I frequent and save on gas. One time I was able to get .30 off per gallon.
One great thing also is treat yourself on your birthday to all the freebies avaliable. I spent a day just getting freebies including food with some coupons that last the whole week ( I ate completey free for 3 days). It allowed me to treat myself without spending any money all day. Also email companies! They will send coupons (sometimes free product ones) or samples also alot of alcohol companies will send you swag like pens, hats, cups or even t-shirts.
I'm furnishing a flat and so far I have had to buy all my furniture new because I don't own a car so I can't collect any of the free/cheap stuff listed online.
I go into my local charity furniture shop a lot because they can deliver but as yet I haven't found the right pieces, and after nearly 2 months I gave up finding the essentials and ordered from IKEA for delivery.
Also narrow stairs with a corner at the top meant our sofa had to be flat pack was the only way to get it into the space.
We saved and lived with hand me down furniture for 8 years so I'm trying not to feel guilty about investing in new now. Hopefully I'll have that sofabed for at least 10 years.
You are brilliant.⭐
Can't do the car thing since I live out in the sticks - but here's an idea for the furniture thing. As a hobby, learn to make some. You may have to struggle with the space and the initial tool purchases may be hefty-ish, but lumber is cheap in the US, and there are tons of how-tos here on TH-cam. The most expensive items you may need to buy are a skillsaw and a drill, and you can get either of those for around ~$35 if you look for used or get an off brand. That, screws/nails, glue, a ruler, some clamps.. okay it may take over a closet, and can get expensive when you look at the final amount, but if it's both taking the place of another activity/hobby you would be spending money on, and providing you with furniture you now don't have to pay for, it evens out.
The cash only diet is not necessary. You have to make a budget & stick to it whether it's cash or card. I personally use an app to track my expenses so I don't have to carry cash on me & I know how much I've spent & how much I have left to spend.
I have three "punch" versions I use to help to overspending
1. I use rewards accounts to earn points, like punch cards
2. I use receipt/cashback point apps like Receipt Hog, Fetch Rewards, etc. to get gift cards for places I treat myself with like Starbucks.
3. I use cashback visa/credit cards that get me gift cards and/or cashback for treating myself.
Food and coffee is really costing most of us and cutting on food expenses can really change the way we are saving.
The cash only diet just sounds like my life as a server.
*** IF YOU HAVE A CVS CARD *** you can get email receipts and the coupons sent directly to your card when they scan it so you don't have to waste paper with the mile long receipts
very Coco Chanel-ish cardi 😊 alsi it is a great video 😉
How many languages do you speak?
I try to use cash always in person. I don't hold myself to it if I need to order something online, when buying gas, or when buying groceries. I use my debit card for groceries because then I can get cash back at the register and avoid ATM fees.
I spend about 200$ on food for me and my husband monthly. But I live in Moscow. Probably, it's ok to spend 800$ on food somewhere else, but that honestly got me shook.
Could you guys do a video on the FIRE movement? I’d love to hear your thoughts!
She did say 860 in groceries and dining . I live in Vegas, just took a friend to dinner for a birthday the bill was $187 before the tip and we didn't pay for all our drinks because we know half the staff there. Snd that was one meal, So in NYC it's very possible to spend way more than $860 for 2 people
We are family of 2 living in London and that's about how much we spend as well.
My only real spending vice is eating out and ordering takeout far more than I really should, so even two less takeaways a week will save me $40.
The only thing I have to say is that when I lived in the San Francisco Bay Area, public transportation was actually more expensive than driving. I mostly rode my bike.
“Only $860 on food for her and her partner that month” what?! Whaaaaaat?!!! That’s insane!!! We spend about $450-$500 a month on groceries (we don’t eat out) for our family of 4 (2 adults, 2 toddlers), AND we have two medium sized dogs to feed included in that budget. $860 blows my mind! It’s so much and it’s being viewed as an improvement...
One way people save money that normally isn’t done is buying things like cell phones only when they need it.
most people with normal incomes do this. and there's really no need to spend money on a new phone when most phone companies offer free upgrades and trade-ins.
*Also, buying a phone they can actually afford. I am apparently richer than most Americans, and I have a new $120 smartphone and a $30 / month plan with 2 GB of data. I find it obscene that people who can barely make their rent effectively LEASE iPhones (which they barely know how to use) because they can't even pretend to be able to afford spending basically a whole paycheck all in one place. Not to mention having an Unlimited data plan when many of them don't even use more data than I do. Better pay a monthly fee to insure the phone, too, because they're carrying half of your net worth around in your pocket (loljk as if they have a positive net worth).*
*The free upgrades and trade-ins are because you don't really own the phone, anyway. You're just upgrading your rental. They already made their money off you, and now they can recycle the phone or sell it secondhand.*
leadfoot9x ur getting a terrible deal if u pay 30$ for only 2gb. i pay 40$ a month and have unlimited everything which cuts out the cost of having to pay for at home wifi.
@@twice_velvet yo! Hollah! I must know about this $40 unlimited everything deal! Where you at with those awesome prices?!? Do share!
I use my phone until my contract is up, then they give you a free phone either brand new or a generation behind with your new contract.
I never thought about using gift cards that way but it's a pretty good idea. And I will definitely have look for some loyalty cards when we move in January.
2.5 people in CA and we’re already at $700 in groceries & dining. I’ve only bought lunch ONCE this month! Hubs tends to rarely have lunch but when he does he buys it. That’s also Not including any alcohol. Geez. Makes me wonder what everyone else is having because I rarely get prepackaged foods. 🤔
Could you make a video on money tips for college/college students?
I have tried to not pick up or stop for dinner and such to save money. Just about halfway thru the month I feel neglected. I then do something cheap and keep going.
Okay 1 of the 3...I know how to make salad dressing and know what the butter knife is but yes. 90% of my food is dining out.
I'm reallllllllly trying to get on the public transit game, for many reasons. But when I do the math, taking buses and the DC metro around, twice daily for work and then even more when I have events/social activities, it comes out to be way more expensive than what I spend on the gas for my car.
I found a huge bag of forks, butter knives, and spoons at Value Village for $1.99. Four new ones at dollar store would have cost more for the same amount!
In rural areas, public transportation does not exist. So, if we want to get to work, or the grocery store (which are usually 20-30 driving minutes away) we have to have our cars. My husband and I both use our cars to drive ourselves to work and we use my more eco friendly car when we go places together. Not all Americans live in cities and can rely on public transportation to get around so those expenditures are sometimes unavoidable for us county folk!