10 Habits that DESTROY Your Budget
ฝัง
- เผยแพร่เมื่อ 2 ต.ค. 2024
- and you're left broke...
Many of our habits are unconscious and come from lessons or beliefs that someone taught us at some point in our lives. What foods you eat, how you drive, or how you walk are learned traits that we pick up at some point in our lives.
This is the same with our spending habits. The way we spend money has a lot to do with unconscious habits that we learned at some point in our lives. In this video, I talk about "10 Habits that Destroy Your Budget."
1. Bein' a Sucka'
It is normal in our society to be ripped off by buying certain things at a high price and, it's not just normal, but people are bragging about it. Overspending on cars, phone, and food because of certain marketing strategies. Be conscious of marketing strategies to avoid being ripped off.
2. Identifying with Stuff
Many people are being ripped off because companies market their products as a status symbol or lifestyle, which leads many people to find identity through brands. This is, however, a very expensive habit, but can easily be avoided by not identifying with possessions.
3. Thinking You Can Pay Things Off
Buying something on credit keeps going by different names like layaway, credit cards, or afterpay; however, these are all the same things. If you can't afford to buy something now, how are you going to afford it in the future? Credit is stealing from your future self and can make it impossible to keep up.
4. Thinking People are Better Than You
There is a lot of pressure from society and social media to buy a bunch of things as you will see people who live happy lives with a bunch of possessions. We all have problems and, I think, when someone is telling you they have it all together it is because they are trying to sell you something. Consumption won't solve your problems because you will always have problems.
5. Wanting Things Quickly
A big problem that people have with money is they want to get rich quickly or get a service quickly; however, this often just leads to money disappearing or overspending. Society is becoming extremely impatient and this impatience translates to more spending for convenience. Patience is the key to success with anything worthwhile in life.
6. Being in a Rush
Being in a rush simply means that you have lost control. When you are in a rush you cannot think straight and are so focused on getting to the end destination. This translates to seeking what is easy and convenient, which normally costs more money. Living a calm and organized life helps you avoid the extra charges for easy and convenience.
7. Being Cheap
Being cheap is a habit that can cost you money because it often sets you up for buying the same thing again shortly. Sometimes when something is cheap, it does not last long, which will make you have to buy it again. Being cheap saves you money in the short run, but costs you more money in the long run.
8. Assuming Expensive Means Better
Many times when we are shopping, we assume that when something costs more, it is better; however, I believe that a lot of what dictates price is marketing and packaging. I go by the motto, "Same until proven different" because I need to be convinced that something is better not just by price and packaging. Do your research before buying something more expensive; instead of thinking everything more expensive is better.
9. Spending Money on Things You Don't Use
In today's world, most services come in monthly subscription services at very cheap prices. Since the prices are so low, even if we are not using them, we generally don't cancel them because they're so cheap. This is, however, just throwing money away on a service that you are not even using. A penny saved is a penny earned so don't throw away money on services you don't use.
10. Getting Excitement from Opening a Box
Unboxing is a trend that is similar to opening presents on Christmas. Most of the excitement comes from the action of opening the box, rather than what's inside the box. This habit becomes never ending and leads to a cluttered life. There is nothing wrong with buying possessions, but the joy should come from the possession, not the unboxing.
![The OTHER Inflation [and it's much worse]](http://i.ytimg.com/vi/V4Zx0d128WI/mqdefault.jpg)
What's one habit that destroys your budget?
Wanting to eat out or in occasionally cause I love s certain dish a particular way.mine doesn't taste the same or other cheaper places don't make it the way I want.
in Nor 🔥Cal Gyms are $55 💵. A month
I haven't ordered any food delivery in over 4 months and that's saved me Immensely.
It provides convenience but you pay for all overhead operating expenses of the corporation + the tip that you otherwise wouldn't incur for takeout.
Walking, biking or bussing to restaurants has saved me SO much.
When I'm feeling ultra disciplined and conservative I save the most money and have more fun just preparing my own meals at home!
If you work 40 or more hours a week and have to budget your down time for commuting and sleep-
Weekly meal prep can be a life saver!
The ease of convenience and impulse buys will drain your finances twice as fast.
Eating out.
My rent kills my budget. up 40% since Nov 2021.
This stuff is gold. I'm a teacher and I use some of your video's in my class. School unfortunately does not teach these life lessons that are necessary to survive in society today.
Great stuff!
Right on! haha, funny to imagine a class watching my videos!
That's so true. The book, "Rich Dad, Poor Dad" ( Robert Kiyosaki & Sharon Lechter ) said the same thing. Another one from A. L. Williams, former high school coach, had said, "It's not how much you make, it's how much you keep."
Buy the best (you can afford) and cry once !! Live by this!! I use my butter dish example, I wanted a butter dish, but I didn't want to spend more than $10 ...I hated the cheap ones and ended up buying like three cheap ones, that were too small to fit the butter without making a mess, too hard to open and close, etc. etc. before I finally decided to buy the $30 one that I really wanted. So, I ended up spending $60-$70 instead of just $30 for the one I originally wanted!!! And yes!! when you buy the expensive packaging you are only supporting the MAN!!!! For me that s especially true with cosmetics. Drug store cosmetics have the same or better ingredients than the high priced department store brands...no way Jose!!!
Don't let the man get his foot in the door!
I agree😊
The problem wasn’t which butter dish to buy it was missing the obvious-get rid of the butter all together
@@mt9727 😂 problem solved!
I just made this mistake. Got a cheap butter dish that is chipping already and now I have to buy another one!
My three favorite things to do with my money:
1. Save it 💵
2. Exploring our beautiful planet 🌎
3. Buy books 📚
Number 2 is definitely my favorite also 🤩
100%!
Buy books?😳
Isn't that why we have libraries? I check out new publications online/in bookshops...then reserve them at my library😁👍🇦🇺
@@rosalynne8792 I buy a lot of used books for a couple of dollars each, but also new ones occasionally. I love owning my books, but I also donate some of them when I finished reading them, otherwise I would need a bigger house!
@@asavannah7439 yes...I had lots of books..at a stage now where I don't need most of them..even books I used as an art teacher. Even the school lib was getting rid of lots of books..sad.. "digital age takeover". I have taken mine to op shops so others can also buy cheap books.🤗
I watch most of minimalist channels. Your ideas are unique and non repititive. Engaging❤
Thanks! I'm trying hard to not be repetitive! Lots of creativity!
I agree!
The one thing that destroys my budget is my husband.
Downsizing my life in the coming year and my income will take a hit, so videos like this are just wonderful! I am looking forward to becoming more mindful and minimalist, and already know that with careful planning I won’t miss those extra $ which frankly just fund a lifestyle I no longer want or need. Thanks Austin!
So true. My goal it to be a minimalist, being portable. The American way is to accumulate as much stuff as you can. Sickening.
Watch penny princess
evryone is just tryna figure out what went wrong with childhood 🤣
Austin! This video is fantastic and I was laughing out loud! I love your style! One thing that is destroying my budget is food!! I never go out to eat but food prices are crazy here in New Jersey! Keep the videos coming…your content is very important! 😊
Even Walmart got very expensive. Meat forget about it.
A great video Austin!
1. Being naive and chump
2. Identify yourself with material things [over consumption]
3. Thinking you can pay things off
4. Thinking people is better than you. Comparing yourself
5. Wanting things quickly
6. Being in a rush
7. Being very cheap
8. Thinking expensive is better
9. Spending on things you dont need
10. Excitment from Unboxing 😂
Gracias, haha. #1: naive or a "sucka."
I need to watch your videos from time to time to remember myself not to fall back into my old habits.. spending money … thank you so much for your videos. They’re of great value. And thanks as well for not doing advertisements on your channel. Whenever a channel grows, TH-camrs start to promote some stuff on their channel. I am so grateful that you don’t do that. Keep up 👌
Lower your bills too. I'm switching from AT&T @ $80/mo to Mint @ $20/mo. It's a process, but the savings are worth it.
You are such a big beautiful diamond shining your reality on life!❤
Excellent. Wise words from a young man. You are Rich with wisdom!!
The 20 / 80 rule works almost always.We only need 20 percent of the things we actually have or want.The remaining 80 percent is generally not useful or is worthless.The same with time and relationships.Only 20 percent of our time is productive and 20 percent of our relationships are meaningful.We only need to concentrate on these.Cheers from the south of India.
South India is beautiful, I was very fortunate to spend 3 weeks in Mysore. 💜
@@Michelle_Emm South India is wonderful.My home state Kerala is amazing.
I watched one of your videos and it turned in to 10… My friend your message is EVERYTHING that I’ve been needing in my adult life. I’m on my path to taking control of my life financially. These videos help a great deal. Thank you.
Thanks!!! I'm glad my videos are providing you value, Mile!
Love you, Austin! Keep on doing what you're doing and sharing your wisdom in your unique style!
Thanks!
@@ElAgustin I adore your videos. Qué guapo!!! 😜
Another wonderful video!! I totally agree on the being rushed/in a hurry. That’s the biggest thing that destroys my budget sometimes. I haven’t actually walked out of stores before with nothing because I’ve learned when I feel too rushed (usually on my lunch break at work which I no longer do) I just can’t make good and wise decisions. Now I make sure I have time and if I’m not as prepared as I thought I will leave and come back another time. Great video!!!
Dia duit (Irish for Hello!) Austin/Augustine, well done on your acute observations. I have a marketing degree and you are so right, the tactics that companies use to get you to part with your money are unreal. To quote Shakespeare (The Merchant of Venice) “All that glitters is not gold”. Packaging, promotions, advertising, influencers, blogs, product placements in movies and tv shows, smells, end of aisle, eye level products and branding all sells. I don’t work in that sphere but it’s so helpful to know that we are being played. Keep up the great work. Muchas gracias Amigo. (Go raibh maith agat mo chairde).
Dia duit means his money in malaysia
Great quote! It's so true!
Yes, and neuro marketing takes it to another insidious level.
My friend said to me once "but nice or buy twice" and that's stuck with me ever since and actually hasn't failed me to this day.
We have a fixed written down budget and nothing could destroy it. We're living on a ridiculous small budget and can afford all we need. Ergo we're rich! We even have a car, okay a very small one but with radio! We own a house, okay an old one but with enough space for two studios, a library, a workshop and guestrooms. We have garden with vegetables, flowers, bees, bumblebees, butterflies and lizards. And we're working independent. Going to work every day would mean more money. But why?
🐝🐝🐝
Thrift first. I have a blender from the 1960s that has worked better then the three blenders I've owned an adulthood that were brand new quality is a thing of the past so I look to The past
I have also been trying to avoid the things that can badly affect my humble budget since the day I became a dad. 😊
Congratulations on becoming a dad! 💛
yea, kids aint cheap
@@mbank3832 ong
I love your money philosophy!
Unique! Entertaining! Wise!
No Sucka's here!!!
It is so nice of you to remind us that little unconcious actions could destroy our financial lives. I remember talking to a guy whom I mentioned that the pen he was writing with was very beautiful and he said ' I collect pens, because for me a pen it is a masterpiece. 'Needless to say that for me a pen is just a pen
Your point about being in a rush and wasting money is one I haven't seen on other channels, but it is a huge money waster. Thanks for the reminder!
my husband and I have been using your tips over the last couple years. never thought about this habit we had developed until i recently saw it on your videos. we don't leave the house on an empty stomach nor do we leave without a water bottle! we dont buy food nor drinks while driving around in the car
i leave super early to work with my lunch and coffee packed. in fact, i brought my own coffee maker to work and make 2-3 pots of work every morning without needing to pick up coffee on my way to work. my husband makes his coffee at home and takes a cup of keurig with me when he leaves the house in the mornings
“Es agustiiinnnn “ 🤣🤣🤣 I love your videos . Buen trabajo 👏🏼 🇳🇮
Austin, greetings from London…….I have been watching your great videos in the last 3 days and to don I am your new subriber……thanks you for your tips…..you are awesome 👌🙏
Love your channel, thanks!!
My pet peeves are the HAUL-videos... my god it annoys me so much, just hoarding all that stuff that will not be used, nor worn.. I am from Budapest, so english is not my native language and even the word itself is so ugly to me... "HAUL" :-D
the problem is that your advices only concern personnal life. you could try to be the boss of my charity and we'll figure if you could keep alive a local radio station with your frugal habits 😂
You are a talented presenter and I believe this is only the beginning of your story. Keep up the good work. A fan, in Ireland :)
I appreciate your kind words! I'm trying, haha Learning a lot as I go!
Thank you! I am trying to be SUCKA FREE!😘
It's important!
I've done both the good and bad practices discussed in the video. It is not too hard to cut costs down at first, but lifestyle creep does come up more than I prefer. The main goal is to get to a balance that works for you.
Yes, it's all about balance...otherwise you'll crack one day! haha
Exactly. Finishing the marathon is the key and I am guilty of this. I try to work hard at being a complete minimalist. I am on my way, but have not been perfect.
spending less is a skill that gets better with time and practice
So many helpful tips! Thank you! Being in a rush and not being prepared have sabotaged my budget. So no more being a “sucka” here ! Lol I always enjoy your videos and look forward to the next one. 🤗
Thanks!
yep planning meals with leftovers in mind saves me alot of money during the week
Most of your thoughts matches mine. Only difference is you from West i am from east. Love from India.
Right on!
I used to have a friend who was really cheap, I’ve distanced myself from her now mainly because of that, for example I realised that when we went out for coffee it was normally me buying, she would wait and see if I would offer. Anyway, a friend told me she almost had a big accident because she wanted to fix her own roof instead of getting someone out to do it. She watched a TH-cam video , used the few tools she had, got someone to hold a big ladder and basically almost fell off the roof. In many ways she is actually a nice girl but her desire to be cheap was literally almost the death of her.
I listened to 4 videos and subscribed. Because I like real talk. Logical and truth.
Thanks!!!! Hopefully you enjoy the future ones!
My family thought I was crazy because I sold my car. I l9ve walking and everything is a half of from my home
Yes I gave up my car years ago
I love cycling and walking
Hi Austin you have some great points here😊. You know what im trying to understand? Why/how is it that people will buy these luxury hand bags for thousands of dollars then complain that the prices are going up? The manufacturers cant even keep up with the demand sometimes they have to put in their order months/year ahead.🤔🤔
I always think to myself that some of the people that buy the super expensive purses don't have a lot of money to keep in it. 🙂
Stay sucka Free
I should have ended with that! haha
I cut all my subscription's including Planet Fitness 😅 what a waste of $. I don't watch TV but when I briefly do, the commercials are what intrigues me the most.... it's maddening that Im compelled to run out and buy some magic cleaning potion to disinfect my clothes or a vehicle that is advertised for 1.9% interest over 8 year's 😂. Thanks for another great video.
Finding this channel is like finally finding a friend who thinks the way I do! I don’t tend to talk finances with friends because many of them think debt is a-ok! Oh and yes you’re a good looking guy as some of the comments point out but it’s your attitude that really gives you the hotness edge so don’t ever stop and get sucked back in and lose your super powers! muchas gracias por todo the inspiration 🎉
YOU ARE FUNNY! But on a serious note I been a sucka 😩 thank you for the message
Great video Austin. Pay now pay later is the worst, even if you have the money in your bank it can just tip the balance in favour of spending as you don’t see that money leave your bank balance immediately. I really try to buy high-quality outdoor gear now and go with brands that can be repaired multiple times. I wear Vivobarefoor shoes which are expensive but have a resole and repair service in the UK this works out much cheaper than a new pair.
Love the passion and the content of you videos. I always learn something new and it keeps me inspired! The one habit that's destroyed my budget is jumping into things way too fast. I've learned that the more expensive something is, the longer I need to take to think about it.
.
great video. Very good list. You posted this video on my 23rd birthday. Yah, this world is crazy and I think it became more so since the invention of the internet in 1983 then in 1997 we got social media, then throughout the 2000's we got stuff like Facebook, youtube etc. Now everything is more advanced and we practically don't have to talk to people to order or anything, just a few clicks and send. But nothing is without its pros and cons. And I admit I am a little anxious about the future especially with AI coming around. I really ought to write about this in my novel.
El dinero no es fácil! Don’t we all wish we new more about MONEY sooner .
Hahahahahahahaha !! Yo soy Agutín! You’re awesome!! I love you and your channel so so much, I am your biggest fan.
A giant hug! 🤍
Un fuerte abrazo!
I found you on Monday, watched a few of your videos and they have been very impactful already. Including the needs/wants one, I needed the reminder as there are so many temptations 😏 Thank you for your videos, all the very best ☺️🏴
Thanks for watching!
You are an old soul... I appreciate uour wisdom. Thank you for sharing your ideas regarding simplicity. They are incredibly relevant. I would appreciate more understanding about 'don't let the man get you down'. Thanks again!
good points ! but you are contradicting between your point 7 and 8, if expensive is not always better then go for the cheaper options, no brainer
I would add get in the habit of Taking care of your things if expensive or cheap. If it last longer you'll spend less and you'll still be excited to have them.
Meh, credit for food? Nope. Try fasting for a few days instead. Credit for a laptop? Maybe....use it to sell stuff on ebay? Yeah, I'd do that. Use it for gaming, nope. Unless youre a kick ass gamer making bucks playing.
1) being a sucka-someone that is easy to scam!
2) identifying with stuff-there is something wrong when a majority of your identity come with the brands.
3) thinking 💭 you can pay things off over time such as after pay 💰 . Taking credit for getting a new laptop 💻 or an iPhone 📲.
4) thinking that people are better than you-everyone has a story and everyone is a little messed up 🆙! It is called being a human.
5) wanting things quickly or instant gratification
6) being in a rush which means you lost control. Relax instead.
7) being cheap instead of being frugal. Higher quality rain ☔️ jacket 🧥.
8) assuming that expensive means better and falling for a marketing gimmick. Instead do your research 🔬
9) spending money on things you don’t use such as a gym membership at Planet Fitness.
10) getting excitement from opening a box 📦. Better to get excited about the possession.
This has got worse since the Covid-19 pandemic 😷
Thanks for writing this out!
I spent many years with these bad habits and am now almost done paying for my past choices. I think they come down to boredom, discontentment, and comparisons. When my kids were little 20 years ago, we would order stuff just to get packages in the mail because it was the only excitement we had, lol.
im malaysian, welcome to malaysia😇
I have a shirt and jacket I bought 2004 and still have them. Hell the jacket gets compliments.
Habit #7 Exactly that's why I shopped buying from Shein every time I buy something from their it ends up in a trashcan 😔
WHEN U BECOME ( WISER) IN AGE/ U WILL REALIZE ( NOTHING- U BUY WILL MATTER.......)😂😁💃
Augustine, please remove all that clutter from your fridge door! It's crazy to look at and distracts me from looking at YOU ♥️
Hey Austin, great video. Unfortunately I have somewhat of a jewellery addiction something about shiny pretty things I guess... I need help with this :-/ 🙏💕
I believe in you!!
Thank you ☺️
I’m starting to really enjoy your content. Greetings from Canada
Interviewing a girl on the street in a TH-cam video: "He's a 10, but he has an Android phone. What do you rate him now?"
"A zero!"
My mother bought me new sneakers every year from Kmart for $10/pair. The thing is they didn't last all year. I asked a friend about her sneakers. She had them for two years and they looked nice. I went to our local mall and found a pair like hers for $24. I told my mom about them. She never bought me another pair of sneakers after that. They were Nikes. I'm loyal to the brand because they last. I buy dumbbells. I lift daily. The weights cost about $30 for the set. It takes me awhile to build muscle from lifting them. My dog costs me a fortune. I rescued her, but she requires shots and checkups, flea care, etc. I love her, but she is expensive.
Eu amo seus videos ❤
I discovery you today, I from Portugal, you are very good...thank you
That is a great thing to say, stop thinking people are better than you, have their life together, everyone has problems their whole life. Reminders are good.
i use some of your tips in my classes. i teach high school boys and they just want money to buy the latest nike sneaker ($200+)!
Totalmente cierto, Agustín.
Gracias Lilicita!
Thank you for your valuable teachings! I agree with your message I'm just hoping to organize my life and apply it. Regarding Planet Fitness, the $10.00 that I spend monthly, are the most well spending dollars on my entire existence!!!
Love your message and your style. Muchas gracias Senor Augustin.
I belong to Planet Fitness, and I pay $99 a year...................
So true. This was a great video.
Muchas gracias por bueno video.
i stopped using the treadmill at the gym and instead purchased my own treadmill to use at home
OLD SCHOOL??! *dies in old* 🤣💀🙈 Real question though: if your job, and where you work, has specific expectations which prioritise brands as a measure of competence, what do you do? As you always say, earning more money is good, but what if you're expected to 'spend money to make money'? So far, I've been trying to find things second-hand, but it really is ridiculous to me that "what we pay for coloured cloth gauges our gravity". But you know what? After seven years... Wearing the right coloured cloth got me promoted.
Yeah but as much as I like the ideas about saving if he makes content I think he is really trying to make more!!!! I think everyone already knows making more is going to in the long run beat saving more all else being equal!!!! I just worry people will spend their time trying to save more money rather than making more money instead!!!!
In a rush ,adrenaline kicks in , we stop being rational thinkers xx
Thank you, Austin! Could you share to your presumably well-budgeted TH-cam set up and editing software?
Cambiando el mundo un video at a time 💪
Gracias, Horacio!
i become resentful when i purchase an expensive item.
Love from malaysia
Thank you la!
El Agustin es mi youtuber favorito!
really great points and tips, thank you so much
I m literally sitting here contemplating if I should buy the Dyson hair dryer. all my other Dyson stuff have lasted more than 10 years. but I m in my 50s n wondering if I need stuff that last decades.
50's is young! You're just hitting your stride, the best is yet to come.
I know I don't have it together, but I'm working on it!
Quality over quantity works most of the time
U my favorite gringo...!
Representing gringos everywhere!
LOVE your channel!
great tips thanks
Great content as always 💚
P.S: please plant out your spiderlings! Poor babies are just hanging there like 🌱👀
I fear that the spider plants will get out of control and take over, so I keep them at bay. If they took over then I'd have to move.
Cool re: the habits from other countries!
I was with you until you started talking about the ''Unboxing Therapy'' and missed the whole point of what the channel is about. That channel is not about getting pleasure from simply unboxing something, it's about reviewing items...
I love Apple, but I don't buy everything they make, that being said, I still have my iPhone 7 from 2016 and my 2015 Laptop, which I use for work. Great list. Muchos Gracias!
So well observed - so brilliantly put!
Spending is more about mindset & behavior than knowledge. Thank you for helping us change our mindset and keeping us on track.💗
Thanks for sharing