My biggest money leak is spending more than planned on loved ones. It happens all the time and it is so hard for me to say no and I almost never do. I always try to give them the best which is not affordable. With more nieces and nephews joining our family, it keeps getting more expensive. My love for them blinds me to the cost. I have been working for years to be more intentional with my gift spending and have a long way to go.
Thank you for sharing. This is very common and you are not alone. What has worked for some people is having a separate account where you save each month and that for gifts. You will still have to set boundaries around how much you spend on gifts. Please also check out this article on our website: www.clevergirlfinance.com/blog/how-to-say-no/
So relatable! My grandmother always did lavish gifts for us when we were kids but by the time we were adults there were so many people on her gift list and she was always worried about unintentionally playing favorites. She switched to doing a (still generous) cash amount for everyone. I’m sure it saved her a significant amount of time shopping but also meant she could accurately budget for how much she spent on each of us every time. I’ve tried to model my gift giving after that. For people I’m a little less close with I know that a bit of birthday cash is always a nice treat. For people I’m close with like my spouse and best friend, and the young kids in my life I still set aside a cash amount. But I used that cash amount to buy them something I know they’ll love. It’s hard to resist going crazy but i find it easier if I know I’ve already designated the amount I can afford and I’m happy to spend every single penny of it on them.
For several years, I took a taxi to work nearly every day, even though I'd paid for my public transport city card - just because I couldn't get myself together in the mornings and being late wasn't an option. I don't even want to think about how much money I wasted this way. That was my biggest money leak.
@@laccosh4513 Congratulations. You're really doing well for yourself, I aspire to own my home, that's really a big flex….I would appreciate if you share tips, thanks.
I think 2023 is going to be a better year if people know how and where to channel their energy for financial benefits. I don't know who agrees with me but crypto or real estate is a good way to make things happen.
@@jennyr.cordero2018 I think I was just lucky, I don't know how I manage to come across this broker and professional cryptotrader by the name Brianna Megan. So far I've made good profits
Hey! Please who is this advisor of yours? I learned the hard way that success really means total knowledge and I hope she can help me get back what I lost. Can I have an easy access to reach out?
Yesterday, I identified a money leak. It was a subscription I canceled in September but was still being charged. I explained the situation in an email to customer service and was refunded 3 months of charges. This was settled in less than ten minutes.
Money leaks are only those expenses which you're not getting value. Bank fees, unused subscriptions, insurance you never wanted... this is all some admin which will save you money. If you get value from your gym membership, or from eating take-out once a week, don't feel bad about it! Look at your savings goals and make YOUR judgement on what are money leaks, and what are expenses you're happy paying because they bring you value. Humans are emotional creatures, and sometimes silly things bring us happiness. Don't punish yourself, empower yourself to be in control of your finances without cutting out fun and enjoyment from your life!
My biggest leak is not doing any free activities with my friends. We eat out or order food, we go to bar... since we graduated and we can't see each other on campus, we only see each others in places where it is expected of us to spend money. And because I love my friends, I'm bleeding out cash. I should really think about free activities we can enjoy together, and ask them to do that instead of going places.
YES YES YES THIS. Museums sometimes have days with free admission, play games, make vision boards, watch something together, cook/bake, do yoga, do a photoshoot
You may also be able to incorporate some places with membership fees like museums, zoo, etc so it’s based on a one time expected expense and you can go as often as you want. I find that helps me minimize the temptation to spend more than I can afford because I do the purchasing while I’m in my annual budgeting mode, not spontaneously in the moment.
It makes me cringe when frugality community says that a gym membership is a waste of money! I have - and for the last 25 years always had- a gym mebership and it is the single best investment in my health and appearance!! I have not set my foot in a doctors office in these last 25 years, and have not had to change my wardrobe because of weight gain. There’s your saving right there .
So you don't get an annual check up or woman annual exam?? Please go to doc immediately. Health is more than just looking good...and to be fair, you don't need a gym to live a healthy active lifestyle.
Why would it make you cringe? She is not saying it is a waste of money or not worth the cost. Her point is, and it is true, most people who are paying for a gym membership are not going or going very infrequently. Those are the folks she is advising. And, by the way, be grateful for those folks as they keep the cost of your gym membership much lower than it would be if only the folks like you were paying.....fact! And please stop spreading a lie that the gym will keep the doctor away, that is not true. Yes, exercise and good eating habits help a lot, but they are not the silver bullet that will totally prevent illness.
I totally agree with you Agnes, but I don't think that was what Bola was arguing ..I think she was talking more about the people that join the gym in that January resolution (we see them every year around that time, right?) and then don't make it a priority or a habit and they end up not going and still paying for it. That's where I believe Bola was coming from.
Sometimes the shipping costs is cheaper than driving to the store most of the stores I shop from are over two hours away. Can you imagine the mileage on a big SUV. Not to mention hauling the kids with me , which means getting food , and buying other unnecessary things. I always try to get free shipping but in rare cases it’s worth it😊. As for as the coffee, it was such a great investment purchasing my Nespresso machine. It saved us so much money to make coffee from home. I even bought the specialty syrups so I felt that I wasn’t missing out on Starbucks. The streaming networks like Netflix although I have most of them, I found out it’s cheaper than taking the kids to the movies because most of the movies end up on Disney etc . It makes more sense these days to stream them. The movies end up on these streaming platforms so quickly, so we save watching movies at home. We save another $60 not paying for the following: $30 or more for popcorn , snacks , candy , soda, etc ; and of course another $30 for tickets. Great tips thx for sharing
For streaming services, always check with your cellphone provider. I get Netflix and paramount + for free with my T-Mobile family account. And 6 months free of Apple TV. Also, checking my credit card statements has helped me identify some unnecessary insurance that was added without my consent. Calling them to remove it is such a hassle.
My major money leak has been Affirm and Klarna. These are companies that allow you to pay in four. Such a trap! If you can pay for it out of pocket, do that. If you cannot, save and wait to buy it. Also, Uber/Lyft. I spend about 250/month, but I do not have a car and use Uber/lyft in the AM to get to work. I do take public transportation in evening. In the AM, public transportation is less reliable.
The money leak of unused gym memberships is spot-on. Two things about that, tho. If you shop around for a cheaper gym that ends up being further away than one with a higher fee, chances are you will go less often. Surveys have shown that the sweet spot is a ten minute trip from your home. Any longer, it becomes much easier to simply not go, making the savings of a lower fee meaningless. The second thing is it pays to stick with the same gym. MOst of the memberships are structured to compensate the sales person who sold you the membership first. By the time you renew, many of the commissions and junk fees drop off. If you pre-pay for more than a year, the per-month average is lower than anything offered for the short term.
@@Clevergirlfinance I made the mistake of purchasing $400 in makeup to wear to my cousins wedding. It expired before I could use it all, because I don’t wear a full beat daily. I also was buying premium makeup when I should’ve just gone to a drugstore.
Seen this comment just in time! I was going to order 2x mascaras because they weee on sale but the truth is I have 4 already 😬 all of which are unopened. I do struggle not to buy sake items and will try harder to work on it.
My biggest money leak is definitely eating out. I love food and I find so much joy in eating out with friends, but my current finance project is to stop buying prepared food when I'm alone (work lunches, eating out when I'm running errands, "treating" myself to a falafel after the gym). My strategy going forward is based on the idea to pay yourself before you pay others - I'm transferring about $400 into a different account at payday and then not allowing myself to transfer money back out of that account in order to buy prepared food for myself. It's sort of making yourself "fake broke" in order to shift the mindset from not thinking about these expenses as anything important, AND once I'm used to it, it will make a higher rent seem like no big deal as I'm currently looking to move into a larger flat and my budget for rent increase is around $400.
@@sct4040 I'm Swedish, so I'm not sure what a 401k account is, that seems to be an american thing - but I'm sure it's great advice for someone it's applicable to. What I didn't say in my comment is that I already have my savings set up (pension, long-term, emergency account, short-term, and shopping accounts) as well as pension savings through my job on top of my state pension - getting those things settled should absolutely take priority over making sure you can afford more expensive living.
Thank you for another encouraging video. I have a tiny money leak, which is my monthly subscription for virtual document storage. It costs only $1.99, but I was thinking of investing in an external hard drive. This way, I could cancel my subscription.
Amazon is a money pit for me. I think I’m going to cancel it all together. I got a new office and first thing I do is go to my phone to order new decor. Just stupid spending.
I have a friend who took her card off of Amazon so she had to type it in every time. She said it cut her spending on Amazon by almost 70%. I might do the same thing.
Regarding gym membership: Before getting a membership check whether they have a trail deal, something like "try our gym for 4 weeks and pay this reduced amount!" After that trail period you can re-assess whether you actually like that gym, like going there and only then get a membership (or not)
I'm disabled so my biggest money leak is grocery delivery fees and tips. Plus often the prices are higher than in store. I'm not sure how to get around this as I can't drive or leave the house on my own. It's frustrating
Sometimes services off delivery discount coupons including groceries. So you can try to look some coupons up online. It can save you some money here and there.
Comment on the free shipping: A lot of stores will just pad the product price to cover shipping and give you "free shipping". I think this should say to not pay for additional shipping fees such as a rush fee.
Wasted food is absolutely my biggest money leak. I tell myself that i need to meal prep or learn quick meals to make but sometimes the meat i thawed out for dinner will just sit in the fridge because i opt to just go to bed so i can get up for work instead of make dinner 😅 so its a gamble of if i can get myself to use my ingredients before they go bad in the fridge sometimes My other money leak is my boyfriend! He forgets that he got free trials and that he needed to cancel them! My amazon prime went up $13 bucks because he forgot 2 video subscriptions and then changed the password and then forgot and now i cant cancel until he figures out the login 🤦♀️
Car - or any insurance policy really - needs to be shopped around for once a year minimum, for a number of reasons. One way I have been able to save on premiums was to point out to the rep that my commute - and annual mileage - is in the four-figure range. Insurance companies will automatically rate a policy at the standard average mileage of 12 - 15 000 miles a year. So if you have a shorter commute, or do more working from home these days, it pays to mention that. Mileage-based policies might require you to plug a sending unit in your OMDB port. Mine required me to send them two maintenance invoices a couple of months apart that showed the odometer reading.
We waste hardly any food! This is such a big one. I hate cooking and hate spending money going out. So I cook enough food to last a few days. This way I only make food my family and I love to eat so eating it for 2 or 3 days is fine. Also my husband always takes care of heating up the food on the extra nights so I don't have to do anything. Nice break. I rarely ever throw anything out this way, but if I do it's usually a Cucumber or tomato that went bad quickly...I throw it in compost though so it's not a total waste. Also I refrigerate all of my veggies and fruits. They last 10 times longer. I only take them out to ripen if needed. I freeze left over noodles and sauces and meats, etc if I know they aren't going to be used.
Food has been a money leak for me. I went back to Hello Fresh. I’m a single person and can get some meals a week for $70. I just wish the shipping was free. I eat the these meals for dinner only. For lunch I usually have a salad and I don’t eat breakfast since I do IF. Shopping wise there are certain things I buy name brand and organic. I will put more money into my food and cut back in other ways.
Thanks for sharing!! Food is definately that one to lookout for. You also want to eat well and make it work for you. Continue to do your best in this area and cut back where you need to.
Hello Bola thank you for the insightful information 🙌, I am asking if you can make a video on how you take care of your hair and maintain your style, I love how you do it, I want to find a hairstyle that I can stick to so that I can save and don't wast my money for hair plaiting,any advice please i will appreciate.
See now… I feel obligated to buy paper towels because my roommates do it and I want to contribute to the household… but I’m going to stop immediately. If they need paper towels, I’m sure they can get it themselves.
Do you have a specific brand of cloth "paper" towels? My husband is arguing about pet care, and for his sandwiches to keep them dry but it's a hassle to me.
I love this channel. Thank you Bola. I never paid for cable … Ever, and I just unsubscribe from the last streaming service. bye bye Netflix! I always had antenna and for me it was enough. I don’t use paper towels … microfiber clothes and a good dish soap are your best friends. I never buy water bottles… ever! Thank you Marshals for the cute glass water bottles. When I travel, I use travel credit cards that don’t charge international transaction fees! This was my biggest money leak in the past! The points are not too bad either. I never buy coffee. I invested on a Breville coffee machine 10’years ago when they still had a no questions asked return policy for life 😅 My son will be going to college this fall so I will be getting read of the car soon. The insurance is killing me. Every penny I saved went into student loans, credit cards debt and additional payments toward the mortgage principal. Thank you Bola for the wonderful tips over the years.
Everyone wants to save the planet. Then why do we have foam plates and cups , p lastic forks, knives, spoons. Why is it cheaper than paper? If you have a savings, check out C.D.s. I got a 4% on a 7 month c.d. Better than sitting there. It's worth checking out. Great video!
Netflix was charging me for 2 subscriptions also. They only gave me a refund for the last 6 months or a year I think. I had it for years and never noticed, smh.
I bought a Brita pitcher and filters, but I understand your suspicion and trepidation. Look what happened in Flint, Michigan. The city employees poisoned people to save $100.
I use the same lights year after year anxx fc put them myself. They're LEDs so the electricity cost is minimal. Of votes, I only have lights in the living room.
I was getting charged a newly created bank fee for making less than 10 transactions per month. I didn't realize it for like 6 months. Because I wasn't using the account. I no longer have that acct. 😂
I smoke cigarettes and now I'm asking every time I buy a pack I ask for the cheapest. No it's bad but I save and yes I save the money in hys and invest
How about STOP buying stuff online fullstop.. Forget postage costs.. Thats weak.. You wanna be debt free? Stop buying just stop!! Come on.. This is weak Advice sorry but you need to be way more serious about all this to live debt free.
There are a lot of people living in rural areas where it costs so much less than driving 90 minutes each way to WalMart . My sister is disabled. She used to get an Uber to go grocery shopping- now she purchases off Amazon. I get your point for sure- but there are a lot of people for whom online is, basically, a necessity and this is great information.
I only buy necessary goods and food, then I allow myself a $13.99 subscription 2-3x a year at Ipsy. I discontinued department store cosmetics, and skincare. Only drugstore skincare and bars soaps now.
My biggest money leak is spending more than planned on loved ones. It happens all the time and it is so hard for me to say no and I almost never do. I always try to give them the best which is not affordable. With more nieces and nephews joining our family, it keeps getting more expensive. My love for them blinds me to the cost. I have been working for years to be more intentional with my gift spending and have a long way to go.
Thank you for sharing. This is very common and you are not alone. What has worked for some people is having a separate account where you save each month and that for gifts. You will still have to set boundaries around how much you spend on gifts. Please also check out this article on our website: www.clevergirlfinance.com/blog/how-to-say-no/
So relatable! My grandmother always did lavish gifts for us when we were kids but by the time we were adults there were so many people on her gift list and she was always worried about unintentionally playing favorites. She switched to doing a (still generous) cash amount for everyone. I’m sure it saved her a significant amount of time shopping but also meant she could accurately budget for how much she spent on each of us every time. I’ve tried to model my gift giving after that.
For people I’m a little less close with I know that a bit of birthday cash is always a nice treat. For people I’m close with like my spouse and best friend, and the young kids in my life I still set aside a cash amount. But I used that cash amount to buy them something I know they’ll love. It’s hard to resist going crazy but i find it easier if I know I’ve already designated the amount I can afford and I’m happy to spend every single penny of it on them.
For several years, I took a taxi to work nearly every day, even though I'd paid for my public transport city card - just because I couldn't get myself together in the mornings and being late wasn't an option. I don't even want to think about how much money I wasted this way. That was my biggest money leak.
I'm so happy i made productive decisions about my finances. I'm a single mother, bought my first house today and set to achieve more goals this year.
@@laccosh4513 Congratulations. You're really doing well for yourself, I aspire to own my home, that's really a big flex….I would appreciate if you share tips, thanks.
I think 2023 is going to be a better year if people know how and where to channel their energy for financial benefits. I don't know who agrees with me but crypto or real estate is a good way to make things happen.
@@jennyr.cordero2018 I think I was just lucky, I don't know how I manage to come across this broker and professional cryptotrader by the name Brianna Megan. So far I've made good profits
Hey! Please who is this advisor of yours? I learned the hard way that success really means total knowledge and I hope she can help me get back what I lost. Can I have an easy access to reach out?
Yesterday, I identified a money leak. It was a subscription I canceled in September but was still being charged. I explained the situation in an email to customer service and was refunded 3 months of charges. This was settled in less than ten minutes.
Money leaks are only those expenses which you're not getting value. Bank fees, unused subscriptions, insurance you never wanted... this is all some admin which will save you money. If you get value from your gym membership, or from eating take-out once a week, don't feel bad about it! Look at your savings goals and make YOUR judgement on what are money leaks, and what are expenses you're happy paying because they bring you value. Humans are emotional creatures, and sometimes silly things bring us happiness. Don't punish yourself, empower yourself to be in control of your finances without cutting out fun and enjoyment from your life!
I canceled my insurance because I was just persuaded to sign up to it in the first place. I regret not canceling it earlier.
My biggest leak is not doing any free activities with my friends. We eat out or order food, we go to bar... since we graduated and we can't see each other on campus, we only see each others in places where it is expected of us to spend money. And because I love my friends, I'm bleeding out cash.
I should really think about free activities we can enjoy together, and ask them to do that instead of going places.
Walking, going over to each other's places, meeting at the park for a picnic
YES YES YES THIS. Museums sometimes have days with free admission, play games, make vision boards, watch something together, cook/bake, do yoga, do a photoshoot
You may also be able to incorporate some places with membership fees like museums, zoo, etc so it’s based on a one time expected expense and you can go as often as you want. I find that helps me minimize the temptation to spend more than I can afford because I do the purchasing while I’m in my annual budgeting mode, not spontaneously in the moment.
It makes me cringe when frugality community says that a gym membership is a waste of money! I have - and for the last 25 years always had- a gym mebership and it is the single best investment in my health and appearance!! I have not set my foot in a doctors office in these last 25 years, and have not had to change my wardrobe because of weight gain. There’s your saving right there .
So you don't get an annual check up or woman annual exam?? Please go to doc immediately. Health is more than just looking good...and to be fair, you don't need a gym to live a healthy active lifestyle.
Why would it make you cringe? She is not saying it is a waste of money or not worth the cost. Her point is, and it is true, most people who are paying for a gym membership are not going or going very infrequently. Those are the folks she is advising. And, by the way, be grateful for those folks as they keep the cost of your gym membership much lower than it would be if only the folks like you were paying.....fact! And please stop spreading a lie that the gym will keep the doctor away, that is not true. Yes, exercise and good eating habits help a lot, but they are not the silver bullet that will totally prevent illness.
It’s only a money leak if you don’t use the membership ! If you’re using it then it’s not a leak!
Great! Then she's not referring to you.
I totally agree with you Agnes, but I don't think that was what Bola was arguing ..I think she was talking more about the people that join the gym in that January resolution (we see them every year around that time, right?) and then don't make it a priority or a habit and they end up not going and still paying for it. That's where I believe Bola was coming from.
Money leaks - broke family members!
😂😂😭😭😭
Screaminggg😂😂😂😂😭😭😭
You said it 👏🏽
NO LIE!!!!
LOL
Sometimes the shipping costs is cheaper than driving to the store most of the stores I shop from are over two hours away. Can you imagine the mileage on a big SUV. Not to mention hauling the kids with me , which means getting food , and buying other unnecessary things.
I always try to get free shipping but in rare cases it’s worth it😊. As for as the coffee, it was such a great investment purchasing my Nespresso machine. It saved us so much money to make coffee from home. I even bought the specialty syrups so I felt that I wasn’t missing out on Starbucks.
The streaming networks like Netflix although I have most of them, I found out it’s cheaper than taking the kids to the movies because most of the movies end up on Disney etc . It makes more sense these days to stream them. The movies end up on these streaming platforms so quickly, so we save watching movies at home. We save another $60 not paying for the following: $30 or more for popcorn , snacks , candy , soda, etc ; and of course another $30 for tickets.
Great tips thx for sharing
Fantastic points and tips! Thanks for sharing❤
With the amount of people suffering from hunger in the world, put food in the trash is not a money leak, it's a moral leak.
For streaming services, always check with your cellphone provider. I get Netflix and paramount + for free with my T-Mobile family account. And 6 months free of Apple TV. Also, checking my credit card statements has helped me identify some unnecessary insurance that was added without my consent. Calling them to remove it is such a hassle.
🙏🏿😊
I second the insurance, I was charged for insurance that I no longer had. It was an annoyance to get them to reverse the charge.
Isn't Paramount+ only free for the first year with T-Mobile?
@@Floratic it is. Netflix is ongoing and Apple TV is free for 6 months. I’ll take it tho 😀
My major money leak has been Affirm and Klarna. These are companies that allow you to pay in four. Such a trap! If you can pay for it out of pocket, do that. If you cannot, save and wait to buy it.
Also, Uber/Lyft. I spend about 250/month, but I do not have a car and use Uber/lyft in the AM to get to work. I do take public transportation in evening. In the AM, public transportation is less reliable.
Yes these are mines I have 1200$ worth now smh and fast food daily smh
The money leak of unused gym memberships is spot-on. Two things about that, tho. If you shop around for a cheaper gym that ends up being further away than one with a higher fee, chances are you will go less often. Surveys have shown that the sweet spot is a ten minute trip from your home. Any longer, it becomes much easier to simply not go, making the savings of a lower fee meaningless.
The second thing is it pays to stick with the same gym. MOst of the memberships are structured to compensate the sales person who sold you the membership first. By the time you renew, many of the commissions and junk fees drop off. If you pre-pay for more than a year, the per-month average is lower than anything offered for the short term.
Thanks for sharing!
I love my gymn, less than 5 miles from my house. But I also love my exercise bike and Total Gymn that I got cheap from Facebook Marketplace.
Money Leaks
1. Delivery service fees
2. Disposable products
3. Food waste
4. Bank fees
5. Name brand products
6. Coffee and snack shops
7. Gym fees
8. Unused insurance policies
Buy less makeup- it goes off. There should only be what will fit in a cosmetic bag. Anymore than that means you are an mua!
Good tip
Great tip! Yup make up expires!
@@Clevergirlfinance I made the mistake of purchasing $400 in makeup to wear to my cousins wedding. It expired before I could use it all, because I don’t wear a full beat daily. I also was buying premium makeup when I should’ve just gone to a drugstore.
Seen this comment just in time! I was going to order 2x mascaras because they weee on sale but the truth is I have 4 already 😬 all of which are unopened. I do struggle not to buy sake items and will try harder to work on it.
My biggest money leak is definitely eating out. I love food and I find so much joy in eating out with friends, but my current finance project is to stop buying prepared food when I'm alone (work lunches, eating out when I'm running errands, "treating" myself to a falafel after the gym).
My strategy going forward is based on the idea to pay yourself before you pay others - I'm transferring about $400 into a different account at payday and then not allowing myself to transfer money back out of that account in order to buy prepared food for myself. It's sort of making yourself "fake broke" in order to shift the mindset from not thinking about these expenses as anything important, AND once I'm used to it, it will make a higher rent seem like no big deal as I'm currently looking to move into a larger flat and my budget for rent increase is around $400.
If you have a match 401k account, pay that first then use what’s left.
@@sct4040 I'm Swedish, so I'm not sure what a 401k account is, that seems to be an american thing - but I'm sure it's great advice for someone it's applicable to.
What I didn't say in my comment is that I already have my savings set up (pension, long-term, emergency account, short-term, and shopping accounts) as well as pension savings through my job on top of my state pension - getting those things settled should absolutely take priority over making sure you can afford more expensive living.
She's encouraging awareness and evaluation of value for cost. Always wise advice.
Thank you for another encouraging video. I have a tiny money leak, which is my monthly subscription for virtual document storage. It costs only $1.99, but I was thinking of investing in an external hard drive. This way, I could cancel my subscription.
Be sure to back up the external drive - this way you have your info in the event of loss or damage. The $1.99 virutal storage may be worth it.
Amazon is a money pit for me. I think I’m going to cancel it all together. I got a new office and first thing I do is go to my phone to order new decor. Just stupid spending.
I have a friend who took her card off of Amazon so she had to type it in every time. She said it cut her spending on Amazon by almost 70%. I might do the same thing.
Regarding gym membership:
Before getting a membership check whether they have a trail deal, something like "try our gym for 4 weeks and pay this reduced amount!" After that trail period you can re-assess whether you actually like that gym, like going there and only then get a membership (or not)
Very timely message....money leaks we have identified in our marriage include eating out, impulse buying, subscriptions, etc.
Insurance! Check if some are not redundant. Do not pay twice for the same service. Read the contract. The small letters too...
I'm disabled so my biggest money leak is grocery delivery fees and tips. Plus often the prices are higher than in store. I'm not sure how to get around this as I can't drive or leave the house on my own. It's frustrating
Sometimes services off delivery discount coupons including groceries. So you can try to look some coupons up online. It can save you some money here and there.
Have you contacted places that serve people with disabilities who might have volunteers to help you?
Consider Walmart in-home.
@@emusic96785 Privacy is important to many disabled people and most volunteer organizations don’t understand this, at all.
Cable. Yes, I still have it. Was supposed to get rid of it Jan 1. Now....aiming for Feb 15. Unless they can offer it at 1/2 price.
Do it! Thanks for tuning in!
Honey even if you are paying half the price, if you don't really use cable it's a waste! Just get rid of it and put the money elsewhere
Comment on the free shipping:
A lot of stores will just pad the product price to cover shipping and give you "free shipping". I think this should say to not pay for additional shipping fees such as a rush fee.
Wasted food is absolutely my biggest money leak. I tell myself that i need to meal prep or learn quick meals to make but sometimes the meat i thawed out for dinner will just sit in the fridge because i opt to just go to bed so i can get up for work instead of make dinner 😅 so its a gamble of if i can get myself to use my ingredients before they go bad in the fridge sometimes
My other money leak is my boyfriend! He forgets that he got free trials and that he needed to cancel them! My amazon prime went up $13 bucks because he forgot 2 video subscriptions and then changed the password and then forgot and now i cant cancel until he figures out the login 🤦♀️
Hope you dumped him. Never pay a man’s bills.
Car - or any insurance policy really - needs to be shopped around for once a year minimum, for a number of reasons. One way I have been able to save on premiums was to point out to the rep that my commute - and annual mileage - is in the four-figure range.
Insurance companies will automatically rate a policy at the standard average mileage of 12 - 15 000 miles a year. So if you have a shorter commute, or do more working from home these days, it pays to mention that.
Mileage-based policies might require you to plug a sending unit in your OMDB port. Mine required me to send them two maintenance invoices a couple of months apart that showed the odometer reading.
Great tips - thanks for sharing!
We waste hardly any food! This is such a big one. I hate cooking and hate spending money going out. So I cook enough food to last a few days. This way I only make food my family and I love to eat so eating it for 2 or 3 days is fine. Also my husband always takes care of heating up the food on the extra nights so I don't have to do anything. Nice break. I rarely ever throw anything out this way, but if I do it's usually a Cucumber or tomato that went bad quickly...I throw it in compost though so it's not a total waste. Also I refrigerate all of my veggies and fruits. They last 10 times longer. I only take them out to ripen if needed. I freeze left over noodles and sauces and meats, etc if I know they aren't going to be used.
Food has been a money leak for me. I went back to Hello Fresh. I’m a single person and can get some meals a week for $70. I just wish the shipping was free. I eat the these meals for dinner only. For lunch I usually have a salad and I don’t eat breakfast since I do IF.
Shopping wise there are certain things I buy name brand and organic. I will put more money into my food and cut back in other ways.
Thanks for sharing!! Food is definately that one to lookout for. You also want to eat well and make it work for you. Continue to do your best in this area and cut back where you need to.
Your investment is better health which is irreplaceable if lost. Pay higher medical costs if your health fails, so you are saving money.
Hello Bola thank you for the insightful information 🙌, I am asking if you can make a video on how you take care of your hair and maintain your style, I love how you do it, I want to find a hairstyle that I can stick to so that I can save and don't wast my money for hair plaiting,any advice please i will appreciate.
Art and Craft supplies I will maybe use in the future. I now slow myself down and schedule my project time and curb any extra supplies
Yes start working on those projects!
Not buying paper towels and using cloth instead has ended a money leak.
See now… I feel obligated to buy paper towels because my roommates do it and I want to contribute to the household… but I’m going to stop immediately. If they need paper towels, I’m sure they can get it themselves.
Do you have a specific brand of cloth "paper" towels? My husband is arguing about pet care, and for his sandwiches to keep them dry but it's a hassle to me.
I use both, can’t go without paper towels for messy stuff.
@@tammya5403 You can contribute by buying cheap kitchen towels for mopping up water on the counter, then wash them as needed.
@@emilykimball3790 I just use rags.
Thank you so much for this. I have seen my service subscriptions as a major leak. Fixing this asap.
Uber Eats and Deliveroo - sometimes over £250 a month i.e. the equivalent of my monthly food bill + 2 very nice meals out.
Oh wow! That's a lot. It can happen to the best of us. How will you stay on top of this moving forward?
@@Clevergirlfinance I've deleted the apps and now plan to stick to my weekly food shop
Thank you for the advice ❤
You're so welcome!
I love this channel. Thank you Bola.
I never paid for cable … Ever, and I just unsubscribe from the last streaming service. bye bye Netflix! I always had antenna and for me it was enough.
I don’t use paper towels … microfiber clothes and a good dish soap are your best friends.
I never buy water bottles… ever! Thank you Marshals for the cute glass water bottles.
When I travel, I use travel credit cards that don’t charge international transaction fees! This was my biggest money leak in the past! The points are not too bad either.
I never buy coffee. I invested on a Breville coffee machine 10’years ago when they still had a no questions asked return policy for life 😅
My son will be going to college this fall so I will be getting read of the car soon. The insurance is killing me.
Every penny I saved went into student loans, credit cards debt and additional payments toward the mortgage principal. Thank you Bola for the wonderful tips over the years.
I put everything im not eating immediately in the freezer.
My money leaks are my kids! 😂
😭😭😂😂
SAME!!! And, it's the grown ones for me.
Funny AND true
N.B.: Best pregnancy is a planned pregnancy
@@MarimoMare what does a kid being planned or not have to do with them being money leaks? 😅
Thank you for sharing these , I can relate with the first two points and I will pay attention to Free shipping/Delivery going forward
Glad it was helpful!
I went over my phone bill and managed to cut $45 off of by getting rid of charges for things I don't use..that's a month by the way..
Nice reminders. Ty 💞
Recently i found out I was double paying a bill. Didn't notice until the 2nd month. Fixed the auto pay so it doesn't happen again.
See if you can get a refund too!
Everyone wants to save the planet. Then why do we have foam plates and cups , p
lastic forks, knives, spoons. Why is it cheaper than paper? If you have a savings, check out C.D.s. I got a 4% on a 7 month c.d. Better than sitting there. It's worth checking out. Great video!
Thanks ,
I added up the cost of Uber, Seamless, and Drizly for 2022. I wanted to vomit!
Time to work on cutting back in those categories!
What’s drizly?
@@Luvstravelandgroceries It is an alcohol delivery service in NYC. I always order wine via that service. Not anymore!
@@mcleanroom7997 oh, gotcha!
Thank God i found these channel😊👍 really helpful tips...newbie here...
Wonderful video yesss thank you so helpful!!!!🤗
Netflix was charging me for 2 subscriptions also. They only gave me a refund for the last 6 months or a year I think. I had it for years and never noticed, smh.
Yeti brand water bottles are the best reusable water bottles. They don't have that plastic ring that gets stained after multiple uses and washes.
11. Alcohol and cigarettes.
I can’t give up the bottle water. I don’t trust the City I reside in water system.
I bought a Brita pitcher and filters, but I understand your suspicion and trepidation. Look what happened in Flint, Michigan. The city employees poisoned people to save $100.
I haven’t bought bottle water in years use filter on water they are even in portable water bottles.
#5 Is big for me because of convenient Amazon subscriptions & streaming/gaming services for the kids❤️♾️❤️
You are preaching to the choir here, but this was very well done and bang on. Please keep it up!
Glad you can relate!
Good points! Thank you
Money leak for me was coffee and eating out.
Oh definitely eating out for me too
@@avenj4659 yes....I be damn I spent that much this month
10. Perfume
I’m realizing that I am money leakproof😂
money leak of putting up all those christmas lights. now a wreath on the door
I use the same lights year after year anxx fc put them myself. They're LEDs so the electricity cost is minimal. Of votes, I only have lights in the living room.
Starbucks coffee and paid shipping
Great advice
Bank fees( over a 100/mo) food throw away, name brand purchases. Please, let me know what I can do
TD bank convenient checking, $100 balance per month will give you free checking account.
I stopped using disposable razors- my men’s electric razor keeps me smooth for way less money and will last me years.
What about to many streaming accounts.
Daily Food money is my money leak
Definitely spend on paper towels! 💸💸
The YMCA offers scholarships for membership. After 65, Silver Sneakers has partner gyms that are free.
Thanks for sharing!
the devil is in the details. thank you for the *new + refreshing* content.
We appreciate you so much for tuning in!
Eating out or takeout food, food waste, forgetting to turn off the light and wifi because I passed out for the night😅
I was getting charged a newly created bank fee for making less than 10 transactions per month. I didn't realize it for like 6 months. Because I wasn't using the account. I no longer have that acct. 😂
Over spending at the grocery store.
Good i
I smoke cigarettes and now I'm asking every time I buy a pack I ask for the cheapest. No it's bad but I save and yes I save the money in hys and invest
If possible, join a credit union. Many free services.
Credit unions are great! Thanks for sharing!
Mine is FOOD and More Food... I'm not a cooker so saying cook at home is a waste of time.
learning to cook can be fun, especially making better versions of what you buy from the takeout
Crockpots make cooking easy and painless. Simple smoothies from a blender. Upgraded bagged salads in hot weather.
money leak- Tim Hortons French vanilla Coffee, and Amazon subscription. bank fees,
I literally just came here to say how beautiful you look.
not disney double charging you!!!!!
My kids are my money leak 😜
Hahaha
❣️👌
How about STOP buying stuff online fullstop.. Forget postage costs.. Thats weak.. You wanna be debt free? Stop buying just stop!! Come on.. This is weak Advice sorry but you need to be way more serious about all this to live debt free.
This is true. We are so programmed to spend spend spend. I have reigned it in a lot over the last five years. Doing very well now.
There are a lot of people living in rural areas where it costs so much less than driving 90 minutes each way to WalMart . My sister is disabled. She used to get an Uber to go grocery shopping- now she purchases off Amazon. I get your point for sure- but there are a lot of people for whom online is, basically, a necessity and this is great information.
@@Revert2017 yes of course for those people its ideal and makes a lot of sense but Im talking about everyone else
I only buy necessary goods and food, then I allow myself a $13.99 subscription 2-3x a year at Ipsy. I discontinued department store cosmetics, and skincare. Only drugstore skincare and bars soaps now.