Use code VC3 for $3 off your first eSIM and download Airalo today: try.airalo.com/VincentChan 🏆 The $1000 Savings Challenge is now closed but join the wait list below to be notified of the next one → learn.vincentchan.co/save1k
I agree. I'm a single person and still shop often at Costco and save plenty of money by shopping there. I got lost at the beginning when he goes shopping at Trader Joe's, which is expensive for the tiny portions you get. Yikes.
I think this is missing ''Buying new all the time''. Especially with electronics and clothes you immediately lose most of the value right after purchasing them new. I recently bought a leather jacket that initially cost over $800 for under $150 because the owner simply didn't like it anymore and had grown out of it a bit. It barely had any signs of use and people who see me wearing it would never guess it's a second-hand item. Same goes for some electronics. I built a gaming PC for my brother buying the graphics card and processor used, saving almost 200 dollars! Over time, these little decisions make a huge impact and you realize that pre-owned is not worth less.
I always buy my groceries from Walmart but was always spending too much. I realized a few months ago that if I buy everything online and use their free curbside pickup I save A LOT by not going inside and making impulse purchases. I also look over my virtual cart to remove items I don't "need" and save a lot.
Oof might disagree with your stance on buying in bulk. My wife and I started buying in bulk this year and freeze any leftover especially for produce that are about to go bad, and yes there is way to compact food to save space. We’ve been saving a lot more money this year and we stopped eating out because of the amount of different ingredients we have (frozen bell pepper, mushrooms, carrots, big bulk of rice, chicken, coffee) has completely stopped us from going out.
1. buy in bulk only if you are able to consume 2. glasees do differ from price and you can see it in close starting from design ending with materials (glass/metal/titanium etc)
The differences do not justify the premium in most cases. Luxury plastic is not worth hundreds of dollars, and yes you can find "luxury" plastic glasses for hundredS. My favorite pair of sunglasses I have ever had were a $15 pair from target that looked and functioned exactly the same as non-polarized ray bans. Still sad I lost them.
coffee is my downfall because of how crazy my work schedule is. i don’t have any other vices and i don’t impulse buy, but man i need my coffee in this period of my life 😂 but i completely agree with everything you added!!
I was buying food in Lidl in Poland, Spain and now in France. For many of my Parisian coworkers, buying food in Lidl is a shame. According to them, the quality is poor. Meanwhile in my country, many people even can’t afford buying in Lidl.
Interesting. As a German (i.e. the Lidl's country of origin), I'd say it is regarded as the cheaper option to buy from, compared to other stores where you pay a premium. But I don't know anyone that would consider their products generally low quality, let alone considers it a shame to buy there. It's about on par with Aldi.
The only shop I know off the top of my head that has a negative connotation with poor people shopping there is "Penny". But even then, the attitude is more like "I can go there shopping like a bum in my training clothes", not "Oh gosh I sure hope nobody from work sees me shopping here."
@@LinkEXThat’s how it is now but in the 90s it was considered bad taste/poor folks supermarket actually, especially Aldi and Lidl. Or at least where I grew up, which was pretty rural. I think the French still are doing pretty good and earn enough that they can look down on people buying groceries at Lidl. No shame but when I heard about some of their labor laws, even I as a German get pretty jealous 😂
Some of these points make sense, but it really depends on your situation. What might be a waste for one person could be valuable for another. It’s all about priorities.
I was trying to explain to my friend who's a mom now that no, getting a costco membership doesn't make sense for me because I live alone and I can barely keep up with the food that I buy at a regular grocery store hahaha.
"Great video! While generics are generally a great way to save money, it's important to be aware of potential issues with inactive ingredients. While the active ingredient must be the same, changes in inactive ingredients can sometimes cause adverse reactions in a small percentage of users. This isn’t common, but it’s worth considering if someone experiences unexpected side effects when switching to a generic, especially for those with mast cell disorders or mastocytosis, who may be more sensitive to these changes. In some cases, this can be severe enough to cause additional allergic reactions to generic EpiPens." Be aware of non-active ingredients
I got nailed by this. It was a different dye and sweetener in generic allergy medicine and I nearly ended up hospitalized, so alas this is one tip that won't work for me.
I'll give you one more that I think is a waste of money, and that's adding more items to your online cart so you can have free shipping. So, you don't have to pay for shipping, but now you're stuck with stuff you had no intention on purchasing in the first place. Plus, it probably cost more than just simply paying the shipping fee.
I disagree about designer sunglasses. I usually wear branded sunglasses while driving but I thought the same way like you & bought cheap $10 sunglasses from Amazon. I wore those for an hour while driving & they gave me a headache. So the price might be high but so will be the quality.
Buying in bulk can be a great way to lower overall cost, but they need to be non-perishable food items. Intentional, thoughtful spending is so important. Don't buy something if it won't bring legitimate improvement to your life. Think on medium/large purchases for a minimum of several days. Being late on that credit card payment also often leads to a maxing out of the potential interest rate.
The Costco one is good but has a caveat. You don’t buy ingredients and perishables at Costco you buy other items like paper towels, toiletries or other housing items. I won’t go as far as frozen goods at Costco. But most items like bulk paper towels will last you months. Everything else I buy at ShopRite and Walmart
6:00 Something to note, if you get an esim for a carrier that charges high roaming fees, you will still pay high roaming fees. The key is getting a carrier (or second) that has good roaming charges. For those out of the US wondering why he's talking about esim specifically, phone in the US usually come with one sim slot and an esim slot (sometimes) compared to our dual-sim phones.
Go cheap on glasses/sunglasses followed by the love it or leave it strategy for clothes is wild. Why would this not apply to glasses? Everything you said can apply to glasses/sunglasses.
Never buy food (unless canned) in bulk! You have to be aware of expiration and best buy dates. I'll never understand purchasing meat and poultry in bulk!!
Last summer stayed at a Hilton. I did not know it at the time but in addition to the room, they charged me an extra $22 as a "recreation fee," which meant that I could use their pool and sauna. Of course I did not use either, but they charged me the fee anyway.
@@VincentChantherapy through the sense of smell. I assume this person is referring to Publix’s strategy to keep you in their stores longer with this method
8:00 Idk about other people but negotiating where I'm from comprises of saying a ridiculously low price and coming up slowly, followed by planning to walk away or actually walking away if the price is not satisfactory, then usually getting called back with a better offer.
IPhone products are actually pretty good. Buying them is not a waste of money. You could buy second newest iPhone and have it for 2-3 years. But you could be wastefull and buy newest iPhone on premiere week every year/two. And that Would be complete wasze of money
@@vpstateofmind The "if you can afford them" part is in conflict with the idea of having a budget and doing saving challenges (which are presented in this video), no?
@@SicariusKunandroids are usually only worth keeping for 6-10 months at a time, iPhones you can keep for 4 years plus before they start running like crap, for the software support, a phone that just works and is more reliable, easy choice for me, and I used to be a die hard android fan
If your not buying for a house, a car, investments then saving is not liable. Ive saved up 5 months of emergency fund and its seating in a bond that generates 5% interest annually, which is very accessible. The rest of my salary 45% of it goes into stocks investment and pension.
I'm so glad I heard about the Charles Schwab checking account. I only use it for traveling (not as my main checking account) and having ATM fees refunded along with no foreign transaction fees is great!
It is noteworthy that not all medications are available as generics depending on how old they are. And some generics will have the same medicinal ingredients but their non-medicinal ingredients (binders, flavourings, capsules) which may cause side effects in people. A generic may use agar for its capsules which can make some people sick, for example.
Bro I've been such an advocate for buying glasses online. My friends get ripped off buying $200 - $500 on a single pair of glasses from their optometrist when I get like 4 pairs for $80 online easy
Buying in bulk only helps if you are consuming or using the stuff that you bought in bulk whether its food or things, if you don't use or consume what you have , even if things don't expire you will loose interest later and they just lay down somewhere.
If you're going to buy in bulk, buy *non-perishables* that you will eventually use (e.g., soap, tissue paper, toothpaste, etc.). Do not buy consumables you cannot consume before the expiration date.
A practical and eye-opening list! It’s amazing how many subtle ways money can slip away without us noticing. The tips on intentional spending and knowing when brand names aren’t worth it really hit home. Will definitely be using that VPN trick for flights next time I travel!
I’m subscribed and haven’t seen your videos in a while, but let me tell you that the way you edit and film your videos is amazing. I love how straightforward the information is and your tips are very valuable - loved your content so much
If you want decent clothes. Go to Ross or Marshall's. Just focus on the things you want/need before you walk in to ensure that you keep your costs low.
Not necessarily. There are good and bad quality glasses at all price points. Some less expensive alternatives are Warby Parker (which are still expensive to me as they start at about $95), Zenni Optical (my favorite and they also make inexpensive prescription sunglasses), and firmoo.
I work in a pharmacy and yea I agree. I always try to tell costumer to go with the generic as they have the same active but just different fillers. The only time I would say to definitely go for brand is if you have an allergy to a filler
Regarding the generic brand medicine, I bought a 365 pill bottle of allergy meds from Amazon for $10 and I can confirm it works wonders and I can easily tell a difference on the days I don’t take it when the weather is bad or during season changes. As someone who has grown up with allergy issues it has really made an impact.
Just FYI, Airalo is often far more expensive that buying a local sim card. In Indonesia it was 20 USD a month for Airalo and 3 USD for a local sim with the sama data amount and minutes.
I gotta say, I like the mix of ads/sponsors of products and services that are directly related to the video and are actually useful. I've used both Rakuten and international e-sim services and they can significantly lower the cost of purchase. I bought a gaming PC a few years back and had some 10-20% discount coupon that worked with a of that was on sale at the time.
I’ve tried a lot of Sunnies. Ray-Ban actually use crystal for their lenses. Their clarity is unmatched and if there was something comparable, I’d be all over it, but I haven’t found anything close.
Lotteries are a big waste of money. But when the cash payout after taxes makes the expected return of a lottery over the $2 dollar cost of the lottery ticket, conventional monetary statistics says you should buy one because the odds ARE in your favor.
I love buying in bulk detergents,cleaning stuff, toiletries and non-perishable items(salt,sugar,food for my cat)when they are in offer.Is that so bad,especilly if you consider my husband died many years ago and no one can help me if,in the middle of the day,i run out of something essential?can you see,it all depends!by the way I really love all your videos,thanx from Sicily,Italy
I don’t agree with the buying in bulk one. Buy your meats in bulk & freeze them… buy your veggies in bulk and freeze those that can be frozen.. and meal plan then prep Diversify your eating habits
The problem with dynamic pricing is when I see something that I believe is overly expensive, I will remember that and never shop with that company again, because I'm not going to be jerked around. Companies really screwing themselves on that.
I tried off brand allegra for ages and it just DID NOT work as well, and I fully believed they'd be the same, I was startled and angry when I went back to name brand and it worked better. So like. They all should be the same in most cases, it's worth trying, but it's not always going to come through.
It works if you know that you will run through certain supplies quite quickly or you can store them for a long time and - important - you have enough storage space.
Usually before buying a want. I tell myself, lets first see if i don't still want it in a few months or so. Then I know i love it and not just like it.
You don't buy in bulk food, you buy coffee, detergents, rice and everything that stays for months. I have recently saved 30% of my coffee price for 6 months. That is buying in bulk. For the $5 chicken you have to have with you a shopping list. Get the list and the chicken if you want a chicken. You can't make that chicken at home for that price, not to mention your wasted time for coocking and cleaning. You can use the leftovers for the next days meal. You just need some more salad. That is not a waste of money. You just don't know how to save MORE money. You are eating, right? Probably love that chicken as well. For the sunglasses, i use Polaroid. In 16 years got two pairs and i still have both. Each pair was aroind $40 on sale. I do the same with cloth, buy them only on sale, be prepared in January or February to spend almost nothing for everything you like. Never buy stuff on Black Friday or Christmas if you don't know the prices for real. BTW, do not use credit cards, use debit cards. If a bank does not work with debit cards, leave them. If you need a credit card, ANY back has that as well, just don't use them or fuel them with whatever you need. And use any bank deal that can finance your projects long term with no fees. Got recently for myself an object that i will pay for little to nothing in 3 years. I don't even care when this deal ends. I am looking closely to my financial stuff and all good. About lotery, do not play it on a regular base. But... statistics are telling that someone will have to win something. So, if you want, play once a month for fun. Pretty decent that way.
I buy all my kids' clothes and mine from thrift stores - apart from socks and underwear. Saves SO much money, I get higher quality items than I could afford new, and thrifting is actually a lot of fun. Kind of like a treasure hunt. Of course, it is tempting to buy stuff I don't need, because it's cheap. I am therefore VERY strict and picky about my clothes. Another thing that is overrated is TOYS. Kids don't need toys. None. Nada. They would play with a tin can and a stick happily, if they didn't have toys. Also, grandparents and aunts and uncles are still going to buy them stuff all the time. The toys eventually end up flooding thrift stores or going to the dump too. So stop buying toys, people. If simply must get them something, try to find it secondhand first.
I still find it crazy that people in the US swear by brand names in terms of medicines as opposed to generics. In the UK, most people will buy the generic brand unless they genuinely have a reason to buy the brand name (e.g., an allergy to a generic). It's the same with prescriptions, a generic drug will be prescribed and it's luck of the draw as to whether you get a branded drug or a generic but it's usually generic as it's far cheaper
I often dont count a promotional deal when considering how much something costs because normally i could be using the promotion towards something else.
About that point number 6. (medicine) In my country in all drug stores the sellers actually recommend to buy the off brand, cheaper meds. It's a well known thing here. So I was kinda surprised it's not a thing in your case. I thought it was obvious until now
Thought with buying bulk you would mention usage increase. Very understandable, but for me I'm not *really* affected by it. Like buying toilet paper, trash bags, cleaning tools and sometimes even consumables. For me it actually saves time, time to do other stuff!
This is a great video, some really great tips here. A couple of notes...it's well known you can eat most foods past the "best by" date. Maybe not meats, but certainly most everything else. It's not a big deal, really. Also, you're paying for bottled water ?!? (saw that on your shopping list) That could be its own category. And finally, I hate to be the one to break this to you, but no one, not your friends or even family, want a fridge magnet from the city you vacationed in. Send a postcard instead! I buy blank artist-quality paper postcards from Strathmore and draw a scene from a place I visited and send it to them. It's way cooler and unique, and can be stored away easier.
Haha, I agree on magnets from travels, I always buy them and my fridge is literally covered with them. Definitely better than some dust-catching models of landmarks on shelves ❤
You are getting it wrong. Bulk buying doesn't save money, it saves time!! And of course not everything is bulk-buyable. Fresh meal needs fresh ingredients.
9:18 as much as others are possible for me the 11th thing is not important at all in my country since products with discounted prices must also provide the lowest recorded price in the last 30 days so the discounts aren't as appealing.
What if you *like* things that are expensive? Ive always wanted to be a minimalist, sinply because im not. Not spending for sake of spending but like... sometimes the things that bring you happiness are just expensive.
I try to only ever eat natural simple foods like meats/fish with rice and greens. The only thing I will buy in bulk is the rice or meat. I will cut a $5/lb TriTip Loin into dozens of 1 inch steaks and freeze them. I also go to the fish market and buy full fish or fresh fillets for cheap and I freeze them.
Yeah I get my shower sandals from dollar tree lol. Allergies suck, I just got a few generic meds which I didn’t include in the biweekly budget. But I spent $30 versus $80
the amazon point makes me so mad, I was looking online at some stuff i saw in the shop to see if i should buy it or not (hair products) and i found the items on amazon for double the price than in the drugstore. Another instance was when i was telling my sister about these instant noodles and she wanted to try them, she looked online to see how much it costed and it was litterally over 3x the price than in the store.
My theory is something that you wear and seen by others like glasses, handbags, jeans, clothes, watch, shoes, underwear, hats, jewelery usually are always being sold overpriced (with logo on it). So if we can find the generic version, keep stick to it. We just need the function, not the brand. Well, except you have different intention 😂😂
I am one of the unlucky people that can not buy glasses just anywhere. Costco is not even equipped to make my glasses. I usually go cheap on the frames and pay for the lenses that I need to function. Even with insurance out of pocket of min $300
90% of all the things you said are commonly known principles in my country. I grew up up getting told about these “strategies” from my parents and my grandparents 🤷♂️
Generic drugs can have different inactive ingredients than the name brands. Sometimes it matters and sometimes it doesn't. Depends on the person and their sensitivities. Listen to your health professionals...ask these questions.
Hotel public spaces; main lobby, restaurants, etc, WiFi are usually free to use. I used to install wireless in hotels and most of them keep the public spaces access open. If you need to check email and browse where to eat, just pop down for complementary WiFi. Nowadays, most hotels outside the core city includes complementary WiFi access in the room. Well..... technically not complementary, they just add the cost inside the room rate.
Hi Vincent. I'm getting butchered by my State Farm car insurance because I bought a new car for the first time in my life. I got an Entry Toyota Corolla and my car premiums doubled. Paying 184 monthly. Don't know what to do. How can I get the best insurance, plus rental car for car accidents comprehensive & collision? Squeaky clean record older person. No tickets. They will not work with me! Help!!! Help!!!
Use code VC3 for $3 off your first eSIM and download Airalo today: try.airalo.com/VincentChan
🏆 The $1000 Savings Challenge is now closed but join the wait list below to be notified of the next one → learn.vincentchan.co/save1k
3 dollars 😂😂😂😂😂😂😂😂😂😂🤣🤣😭
Ideally you could buy in bulk, prepare the food and then freeze it.
not all prepped food are good for freezing. plus nothing beats freshly cooked meal.
Or vice versa just freeze it raw and then make it when you need it
I agree. I'm a single person and still shop often at Costco and save plenty of money by shopping there. I got lost at the beginning when he goes shopping at Trader Joe's, which is expensive for the tiny portions you get. Yikes.
@@DalPalWXMan yeah 100% especially buying meat I buy a few cuts in bulk then freeze them individually it saves me so much money
Toilet paper doesn’t go bad
For single guys or small families buying in bulk doesn’t save but I have a family of seven. It’s worth it if you want to keep them alive for cheap.
I think this is missing ''Buying new all the time''. Especially with electronics and clothes you immediately lose most of the value right after purchasing them new. I recently bought a leather jacket that initially cost over $800 for under $150 because the owner simply didn't like it anymore and had grown out of it a bit. It barely had any signs of use and people who see me wearing it would never guess it's a second-hand item.
Same goes for some electronics. I built a gaming PC for my brother buying the graphics card and processor used, saving almost 200 dollars! Over time, these little decisions make a huge impact and you realize that pre-owned is not worth less.
The store can't get me to impulse buy, I use a list. My rule is buy only on the list. It takes discipline to get like this.
Nice MK logo👍
But then the list you write next time will have items you wanted from last time. So they get you in the end anyway.
@@prolly2stoned420 I just buy food for recipes. I can walk through Walmart without picking up random stuff, it took years to correct this.
Don't go to the store hungry
@@prolly2stoned420 Unless you're lazy and you write your list before going out
I always buy my groceries from Walmart but was always spending too much. I realized a few months ago that if I buy everything online and use their free curbside pickup I save A LOT by not going inside and making impulse purchases. I also look over my virtual cart to remove items I don't "need" and save a lot.
As someone who's also impulsive, this is a good note
Always keep frozen salmon, cod, chicken, beef / bison, and vegetables bought in bulk at Costco -inside the chest freezer. Defrost, then cook it.
Freezing the food is not healthy.
@@MohammadImran-rn1vg why is it not healthy?
@@MohammadImran-rn1vg Completely unfounded statement
This has saved me multiple times in the past, It's always good to have backup protein to add to a meal.
Bison?
Oof might disagree with your stance on buying in bulk. My wife and I started buying in bulk this year and freeze any leftover especially for produce that are about to go bad, and yes there is way to compact food to save space. We’ve been saving a lot more money this year and we stopped eating out because of the amount of different ingredients we have (frozen bell pepper, mushrooms, carrots, big bulk of rice, chicken, coffee) has completely stopped us from going out.
1. buy in bulk only if you are able to consume
2. glasees do differ from price and you can see it in close starting from design ending with materials (glass/metal/titanium etc)
The differences do not justify the premium in most cases. Luxury plastic is not worth hundreds of dollars, and yes you can find "luxury" plastic glasses for hundredS.
My favorite pair of sunglasses I have ever had were a $15 pair from target that looked and functioned exactly the same as non-polarized ray bans. Still sad I lost them.
16. Alcohol 17. Coffee 18. Cigarettes 19. Weed 20. Makeup 21. Nail polish 22. Fake nails 23. Getting your eyebrows done (you can do them yourself)
coffee is my downfall because of how crazy my work schedule is. i don’t have any other vices and i don’t impulse buy, but man i need my coffee in this period of my life 😂 but i completely agree with everything you added!!
this is the real list, his list was just ADs for him to get payed.
100% this. Just because it’s fun doesn’t mean you need it on a regular basis
The make up and nail polish wanted to while you’re in any sort of field where they see your face, especially as a woman
Put coffee out of your mouth. 😂
I was buying food in Lidl in Poland, Spain and now in France. For many of my Parisian coworkers, buying food in Lidl is a shame. According to them, the quality is poor. Meanwhile in my country, many people even can’t afford buying in Lidl.
The quality is just as good as top brands, sometimes it comes even from the same factory.
Interesting.
As a German (i.e. the Lidl's country of origin), I'd say it is regarded as the cheaper option to buy from, compared to other stores where you pay a premium.
But I don't know anyone that would consider their products generally low quality, let alone considers it a shame to buy there. It's about on par with Aldi.
The only shop I know off the top of my head that has a negative connotation with poor people shopping there is "Penny". But even then, the attitude is more like "I can go there shopping like a bum in my training clothes", not "Oh gosh I sure hope nobody from work sees me shopping here."
@@LinkEXThat’s how it is now but in the 90s it was considered bad taste/poor folks supermarket actually, especially Aldi and Lidl. Or at least where I grew up, which was pretty rural.
I think the French still are doing pretty good and earn enough that they can look down on people buying groceries at Lidl. No shame but when I heard about some of their labor laws, even I as a German get pretty jealous 😂
Some of these points make sense, but it really depends on your situation. What might be a waste for one person could be valuable for another. It’s all about priorities.
I was trying to explain to my friend who's a mom now that no, getting a costco membership doesn't make sense for me because I live alone and I can barely keep up with the food that I buy at a regular grocery store hahaha.
"Great video! While generics are generally a great way to save money, it's important to be aware of potential issues with inactive ingredients. While the active ingredient must be the same, changes in inactive ingredients can sometimes cause adverse reactions in a small percentage of users. This isn’t common, but it’s worth considering if someone experiences unexpected side effects when switching to a generic, especially for those with mast cell disorders or mastocytosis, who may be more sensitive to these changes. In some cases, this can be severe enough to cause additional allergic reactions to generic EpiPens." Be aware of non-active ingredients
I got nailed by this. It was a different dye and sweetener in generic allergy medicine and I nearly ended up hospitalized, so alas this is one tip that won't work for me.
For number one, I’ve realized that if you buy in bulk you use WAY more of the product because you have a lot of it
I'll give you one more that I think is a waste of money, and that's adding more items to your online cart so you can have free shipping. So, you don't have to pay for shipping, but now you're stuck with stuff you had no intention on purchasing in the first place. Plus, it probably cost more than just simply paying the shipping fee.
I disagree about designer sunglasses. I usually wear branded sunglasses while driving but I thought the same way like you & bought cheap $10 sunglasses from Amazon. I wore those for an hour while driving & they gave me a headache. So the price might be high but so will be the quality.
Exactly. The glass quality difference can be huge. Good glasses are more easy on the eyes and filter the light better
Buying in bulk can be a great way to lower overall cost, but they need to be non-perishable food items.
Intentional, thoughtful spending is so important. Don't buy something if it won't bring legitimate improvement to your life. Think on medium/large purchases for a minimum of several days.
Being late on that credit card payment also often leads to a maxing out of the potential interest rate.
The Costco one is good but has a caveat. You don’t buy ingredients and perishables at Costco you buy other items like paper towels, toiletries or other housing items. I won’t go as far as frozen goods at Costco. But most items like bulk paper towels will last you months. Everything else I buy at ShopRite and Walmart
6:00 Something to note, if you get an esim for a carrier that charges high roaming fees, you will still pay high roaming fees. The key is getting a carrier (or second) that has good roaming charges. For those out of the US wondering why he's talking about esim specifically, phone in the US usually come with one sim slot and an esim slot (sometimes) compared to our dual-sim phones.
I disagree with the buying bulk. Buy everything frozen! Frozen vegetables are more fresh than “fresh produce” you buy off the shelf.
They're cheaper, you get more, it's less prep work, and they are very good win you. A win all around!
Go cheap on glasses/sunglasses followed by the love it or leave it strategy for clothes is wild. Why would this not apply to glasses? Everything you said can apply to glasses/sunglasses.
Never buy food (unless canned) in bulk! You have to be aware of expiration and best buy dates. I'll never understand purchasing meat and poultry in bulk!!
Last summer stayed at a Hilton. I did not know it at the time but in addition to the room, they charged me an extra $22 as a "recreation fee," which meant that I could use their pool and sauna. Of course I did not use either, but they charged me the fee anyway.
I eat expired things
I buy in bulk because I can eat the same meal for a week and it lessens the burnout of deciding for me.
Publix has perfected the art of aroma therapy.
@@VincentChantherapy through the sense of smell. I assume this person is referring to Publix’s strategy to keep you in their stores longer with this method
yes!!!
Tf is that
8:00 Idk about other people but negotiating where I'm from comprises of saying a ridiculously low price and coming up slowly, followed by planning to walk away or actually walking away if the price is not satisfactory, then usually getting called back with a better offer.
I don't really trust someone who make a video of things that are a complete waste of money while having those Apple products(iphone, macbook).
IPhone products are actually pretty good. Buying them is not a waste of money. You could buy second newest iPhone and have it for 2-3 years. But you could be wastefull and buy newest iPhone on premiere week every year/two. And that Would be complete wasze of money
@@bombiczek123 Point is Apple products are not worth compared to alternatives. Also 2-3 years is a pretty short amount of time to own a phone imo.
Apple products are really good , if you can afford them.
@@vpstateofmind The "if you can afford them" part is in conflict with the idea of having a budget and doing saving challenges (which are presented in this video), no?
@@SicariusKunandroids are usually only worth keeping for 6-10 months at a time, iPhones you can keep for 4 years plus before they start running like crap, for the software support, a phone that just works and is more reliable, easy choice for me, and I used to be a die hard android fan
@1:00 didn't you "quit your finance job"? I don't understand this narrative, it's not like you were from a different industry, there was a easy pivot.
I got into personal finance before I started working in finance
Personal finance is something everyone can do for themselves, which is much different than finance.
If your not buying for a house, a car, investments then saving is not liable. Ive saved up 5 months of emergency fund and its seating in a bond that generates 5% interest annually, which is very accessible. The rest of my salary 45% of it goes into stocks investment and pension.
I'm so glad I heard about the Charles Schwab checking account. I only use it for traveling (not as my main checking account) and having ATM fees refunded along with no foreign transaction fees is great!
It is noteworthy that not all medications are available as generics depending on how old they are. And some generics will have the same medicinal ingredients but their non-medicinal ingredients (binders, flavourings, capsules) which may cause side effects in people. A generic may use agar for its capsules which can make some people sick, for example.
Bro I've been such an advocate for buying glasses online. My friends get ripped off buying $200 - $500 on a single pair of glasses from their optometrist when I get like 4 pairs for $80 online easy
It's honestly such a game changer!
Buying in bulk only helps if you are consuming or using the stuff that you bought in bulk whether its food or things, if you don't use or consume what you have , even if things don't expire you will loose interest later and they just lay down somewhere.
If you're going to buy in bulk, buy *non-perishables* that you will eventually use (e.g., soap, tissue paper, toothpaste, etc.). Do not buy consumables you cannot consume before the expiration date.
A practical and eye-opening list! It’s amazing how many subtle ways money can slip away without us noticing. The tips on intentional spending and knowing when brand names aren’t worth it really hit home. Will definitely be using that VPN trick for flights next time I travel!
I’m subscribed and haven’t seen your videos in a while, but let me tell you that the way you edit and film your videos is amazing. I love how straightforward the information is and your tips are very valuable - loved your content so much
I buy bulk for things that won't expire quickly.
If you want decent clothes. Go to Ross or Marshall's. Just focus on the things you want/need before you walk in to ensure that you keep your costs low.
Aren't cheap sunglasses bad for our eyes? They say the lenses do not protect our eyes from the sun as they should
Not necessarily. There are good and bad quality glasses at all price points. Some less expensive alternatives are Warby Parker (which are still expensive to me as they start at about $95), Zenni Optical (my favorite and they also make inexpensive prescription sunglasses), and firmoo.
@@toonybooper thanks for the suggestions! I'll check their website
I work in a pharmacy and yea I agree. I always try to tell costumer to go with the generic as they have the same active but just different fillers. The only time I would say to definitely go for brand is if you have an allergy to a filler
Regarding the generic brand medicine, I bought a 365 pill bottle of allergy meds from Amazon for $10 and I can confirm it works wonders and I can easily tell a difference on the days I don’t take it when the weather is bad or during season changes. As someone who has grown up with allergy issues it has really made an impact.
Just FYI, Airalo is often far more expensive that buying a local sim card. In Indonesia it was 20 USD a month for Airalo and 3 USD for a local sim with the sama data amount and minutes.
I gotta say, I like the mix of ads/sponsors of products and services that are directly related to the video and are actually useful.
I've used both Rakuten and international e-sim services and they can significantly lower the cost of purchase.
I bought a gaming PC a few years back and had some 10-20% discount coupon that worked with a of that was on sale at the time.
For clarification please: Rakuten only charged $1.11 for the AirTag and applied the rest of the $41 as an Apple Store credit to you?
Thanks
I’ve tried a lot of Sunnies. Ray-Ban actually use crystal for their lenses. Their clarity is unmatched and if there was something comparable, I’d be all over it, but I haven’t found anything close.
Lotteries are a big waste of money. But when the cash payout after taxes makes the expected return of a lottery over the $2 dollar cost of the lottery ticket, conventional monetary statistics says you should buy one because the odds ARE in your favor.
I love buying in bulk detergents,cleaning stuff, toiletries and non-perishable items(salt,sugar,food for my cat)when they are in offer.Is that so bad,especilly if you consider my husband died many years ago and no one can help me if,in the middle of the day,i run out of something essential?can you see,it all depends!by the way I really love all your videos,thanx from Sicily,Italy
Luxuries are what kept me behind until I declutterered and only worry about the highest quality necessities. Stay Uncommon!
I don’t agree with the buying in bulk one. Buy your meats in bulk & freeze them… buy your veggies in bulk and freeze those that can be frozen.. and meal plan then prep
Diversify your eating habits
The problem with dynamic pricing is when I see something that I believe is overly expensive, I will remember that and never shop with that company again, because I'm not going to be jerked around. Companies really screwing themselves on that.
My neighbor got struck by lighting twice and his house once, but he never won the lottery.
I tried off brand allegra for ages and it just DID NOT work as well, and I fully believed they'd be the same, I was startled and angry when I went back to name brand and it worked better. So like. They all should be the same in most cases, it's worth trying, but it's not always going to come through.
0:26 : Interesting...🤔 So, don't buy bulk unless if there is a large family. Thank you!
It works if you know that you will run through certain supplies quite quickly or you can store them for a long time and - important - you have enough storage space.
For perishable things if you were listening...
Usually before buying a want. I tell myself, lets first see if i don't still want it in a few months or so. Then I know i love it and not just like it.
You don't buy in bulk food, you buy coffee, detergents, rice and everything that stays for months. I have recently saved 30% of my coffee price for 6 months. That is buying in bulk. For the $5 chicken you have to have with you a shopping list. Get the list and the chicken if you want a chicken. You can't make that chicken at home for that price, not to mention your wasted time for coocking and cleaning. You can use the leftovers for the next days meal. You just need some more salad. That is not a waste of money. You just don't know how to save MORE money. You are eating, right? Probably love that chicken as well. For the sunglasses, i use Polaroid. In 16 years got two pairs and i still have both. Each pair was aroind $40 on sale. I do the same with cloth, buy them only on sale, be prepared in January or February to spend almost nothing for everything you like. Never buy stuff on Black Friday or Christmas if you don't know the prices for real. BTW, do not use credit cards, use debit cards. If a bank does not work with debit cards, leave them. If you need a credit card, ANY back has that as well, just don't use them or fuel them with whatever you need. And use any bank deal that can finance your projects long term with no fees. Got recently for myself an object that i will pay for little to nothing in 3 years. I don't even care when this deal ends. I am looking closely to my financial stuff and all good. About lotery, do not play it on a regular base. But... statistics are telling that someone will have to win something. So, if you want, play once a month for fun. Pretty decent that way.
I love a video that gets to the point 💅🏽🔥
Love this
I buy all my kids' clothes and mine from thrift stores - apart from socks and underwear. Saves SO much money, I get higher quality items than I could afford new, and thrifting is actually a lot of fun. Kind of like a treasure hunt. Of course, it is tempting to buy stuff I don't need, because it's cheap. I am therefore VERY strict and picky about my clothes.
Another thing that is overrated is TOYS. Kids don't need toys. None. Nada. They would play with a tin can and a stick happily, if they didn't have toys. Also, grandparents and aunts and uncles are still going to buy them stuff all the time. The toys eventually end up flooding thrift stores or going to the dump too. So stop buying toys, people. If simply must get them something, try to find it secondhand first.
Since most of your tips are so great, you just made me a subscriber.
I still find it crazy that people in the US swear by brand names in terms of medicines as opposed to generics.
In the UK, most people will buy the generic brand unless they genuinely have a reason to buy the brand name (e.g., an allergy to a generic).
It's the same with prescriptions, a generic drug will be prescribed and it's luck of the draw as to whether you get a branded drug or a generic but it's usually generic as it's far cheaper
For the point 13, or you can visit a local Walmart (if you're in the US) for any gifts. You'll get a shot glass for like 5-10 dollars.
I buy beef in bulk whenever it's on sale at Fred Meyer. As soon as I get home, I vacuum seal each of the steaks and put them in the freezer.
Costco bulk is mainly useful if you have a family of at least 3 to 4 people.
saving is a waste, invest aggressively
buying things on sale? *cries in -75% steam sales*
I often dont count a promotional deal when considering how much something costs because normally i could be using the promotion towards something else.
✝️ CHRIST IS RISEN ☀️
✝️🙏GOD BE WITH US AGAINST EVIL AND TEMPTATIONS ✝🙏⛪️💪🕊️❤
Are we not going to talk about the spiderman wallet @1:45
About that point number 6. (medicine)
In my country in all drug stores the sellers actually recommend to buy the off brand, cheaper meds. It's a well known thing here. So I was kinda surprised it's not a thing in your case. I thought it was obvious until now
Thought with buying bulk you would mention usage increase. Very understandable, but for me I'm not *really* affected by it. Like buying toilet paper, trash bags, cleaning tools and sometimes even consumables. For me it actually saves time, time to do other stuff!
The psychology used in shopping is unbelievable! Humans have no idea the mental games these conglomerates use to make you buy.
12:08 so you'd need to be struck by lightning 19,700 times before you'll win the Mega Millions lottery
Please share how you did the vpn trick to get cheaper airfare for those of us who are not tech savvy 🙏🏻
This is a great video, some really great tips here. A couple of notes...it's well known you can eat most foods past the "best by" date. Maybe not meats, but certainly most everything else. It's not a big deal, really. Also, you're paying for bottled water ?!? (saw that on your shopping list) That could be its own category. And finally, I hate to be the one to break this to you, but no one, not your friends or even family, want a fridge magnet from the city you vacationed in. Send a postcard instead! I buy blank artist-quality paper postcards from Strathmore and draw a scene from a place I visited and send it to them. It's way cooler and unique, and can be stored away easier.
“Rakuten” is pronounced…RACK-uh-ten. They even had a commercial a few yrs ago about how to correctly pronounce their name.😊
Haha, I agree on magnets from travels, I always buy them and my fridge is literally covered with them.
Definitely better than some dust-catching models of landmarks on shelves ❤
You are getting it wrong. Bulk buying doesn't save money, it saves time!! And of course not everything is bulk-buyable. Fresh meal needs fresh ingredients.
When you skip the VPN add only to find out that the VPN part was not the add!
9:18 as much as others are possible for me the 11th thing is not important at all in my country since products with discounted prices must also provide the lowest recorded price in the last 30 days so the discounts aren't as appealing.
i dont think bulk purchases are a waste tho, for someone like me that does meal preps it is much more convenient and cheap in the long term
What if you *like* things that are expensive?
Ive always wanted to be a minimalist, sinply because im not.
Not spending for sake of spending but like... sometimes the things that bring you happiness are just expensive.
Then you have to be rich 😅
I try to only ever eat natural simple foods like meats/fish with rice and greens. The only thing I will buy in bulk is the rice or meat. I will cut a $5/lb TriTip Loin into dozens of 1 inch steaks and freeze them. I also go to the fish market and buy full fish or fresh fillets for cheap and I freeze them.
I buy my sunglasses for $2 at the flea market.
Yeah I get my shower sandals from dollar tree lol. Allergies suck, I just got a few generic meds which I didn’t include in the biweekly budget. But I spent $30 versus $80
Discount saves you a few money but not buying it saves you 100%
the amazon point makes me so mad, I was looking online at some stuff i saw in the shop to see if i should buy it or not (hair products) and i found the items on amazon for double the price than in the drugstore. Another instance was when i was telling my sister about these instant noodles and she wanted to try them, she looked online to see how much it costed and it was litterally over 3x the price than in the store.
Don’t go to the store when hungry. Go right after lunch.
What about freezing bulk meat purchases?! I do this and it works well.
My theory is something that you wear and seen by others like glasses, handbags, jeans, clothes, watch, shoes, underwear, hats, jewelery usually are always being sold overpriced (with logo on it). So if we can find the generic version, keep stick to it. We just need the function, not the brand. Well, except you have different intention 😂😂
Ten seconds into the video and oh yes! Bulk purchases are an incredible waste of money!
Buy bulk dry goods, prep bulk, freeze it
as someone who has ray bans and cheap target glasses…they are not the same quality lol
I am one of the unlucky people that can not buy glasses just anywhere. Costco is not even equipped to make my glasses. I usually go cheap on the frames and pay for the lenses that I need to function. Even with insurance out of pocket of min $300
90% of all the things you said are commonly known principles in my country. I grew up up getting told about these “strategies” from my parents and my grandparents 🤷♂️
Generic drugs can have different inactive ingredients than the name brands. Sometimes it matters and sometimes it doesn't. Depends on the person and their sensitivities. Listen to your health professionals...ask these questions.
Hotel public spaces; main lobby, restaurants, etc, WiFi are usually free to use. I used to install wireless in hotels and most of them keep the public spaces access open. If you need to check email and browse where to eat, just pop down for complementary WiFi. Nowadays, most hotels outside the core city includes complementary WiFi access in the room. Well..... technically not complementary, they just add the cost inside the room rate.
how long you keeping snacks that they expire???
Hi Vincent. I'm getting butchered by my State Farm car insurance because I bought a new car for the first time in my life. I got an Entry Toyota Corolla and my car premiums doubled. Paying 184 monthly. Don't know what to do. How can I get the best insurance, plus rental car for car accidents comprehensive & collision? Squeaky clean record older person. No tickets. They will not work with me! Help!!! Help!!!
Yes! I got 5yrs free servicing on my BMW because my brother did this!