8 Ways to Cut Your Expenses in Half
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- เผยแพร่เมื่อ 9 ก.ค. 2024
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I am restarting my life again after losing everything in life ........,
your and your Dad's Videos are helpful..... Supportive, Good Guidance and Motivating .
Thank you
Also.. don’t buy things because you think you will need it (if you for example want to start a hobby or side business). First try to rent, borrow or buy second hand basic material. Upgrade only when you are sure you’ll continue for a longer time and only if necessary
Love Rachel’s delivery of advice with sense of humor and breaking into small doable steps
Do not save what is left after spending, but spend what is left after saving. - Warren Buffett
so true
Amen!
The phone company tip was worth this video by itself. Donna’s poem is an old saying-I believe from the Depression era.
17 years old and taking in all the information I can. Thank you Ramsey Solutions for your insight!
You re on track to have 10+ million at 65! While all your friends will be struggling to retire, you will be on the beach getting drinks brought to you. let that sink in.
@@alinatamashevich3354 lol. hopefully way sooner. i’m at $22k rn.
@@jesterpoker Keep swinging for the fences.
I work at Good Will sorting clothes and I have to say, I've seen some really cute things come through my station. I'd definitely recommend shopping there.
Watch this TWICE and you'll cut your expenses to 25%!
I switched from TMobile to Mint and have never looked back. I pay yearly and save even more money! I literally don't have to worry about a cell phone bill for a year!!!!
I thought about switching to Mint. I am just a little nervous
@@jenniferhendrix2851 do it I haven't regretted it
Rachel's absolutely right. Buy a used Honda year 2005 or so, make sure it was well-maintained, budget a few dollars for repairs, and drive it very soft and easy, it will last a long time. I own 3 vehicles outright and will never make a car payment again, a used Honda with 100k miles is worth every penny.
Love how she just got straight into the content.
Very good information
This video was produced before gas prices raised. I have a grocery store 1/2 mile away. Aldi is in the next town and a 30 minute drive away. So, the cost of the gas & wear & tear on my car negates that in my book not counting the hour round trip drive! My time is money too.
I got hooked at shopping at thrift stores. Then started selling on Poshmark and that's my side hustle.🙋
Do you make enough on posh Mark? I have clothes to sell haha
Awesome
Yard sales in upscale neighborhoods.
Is it hard to learn how to sell on postmark? I really need to try it out
Thank you so much.
All the information is great!
I am 65 and still learning.
I’m soon to be 60 and yes, still learning!! Amen
I moved from Cincinnati to central Washington, and the lack of Aldi here has increased my grocery bill astronomically! Grocery Outlet just is not the same!
Just followed your tips. Cell phone carrier changed. From a 7pm-7am unlimited to unlimited calls anytime and $1 cheaper month
Internet provider changed. For faster, more stable and saving $15 per month. Both combined, it's $192 savings per year already
Great advice. Thank you Rachel.
Thanks for sharing
Rachel, great insight!!
Great tips, and I already own my car and haven't had a car payment for over 5 years!! And as for your FB friends recommendations - I used to always line-dry my laundry in the summer until recently (I live in a forested area with lots of firs and pine trees, and tree sap is NOT something you want on your clothing), and since I stopped line-drying my laundry, I've found that my seasonal allergies have all but disappeared. Apparently, those with allergies to pollen (me) and grass should never dry their laundry outside because all those allergens get imbedded into the fabric. Who knew?!?!?!?
Pay yourself first and you’ll limit the amount of money you can spend on frivolous things.
What does that mean?
If you put some money aside first for savings or investing after you get paid, it reduces the amount of money that’s available for more frivolous things.
Paying yourself first (sending the money to a completely separate account) is a discipline I've been practicing for a while now and it has been very helpful to me. A minimum of 10% is ideal but if you can do more, it helps. This has made a tremendous impact on my finances.
Nice
Haha when she mentioned the app recurring annual charge my first thought was “don’t forget to cancel Ramsey+” 😂
Agree to disagree, in our house the transferring expenses over automatically helps us save money because we look at the bubbles weekly instead of tracking every transaction the last week of the month
@@alexpietsch7997 I can see that. I do our transactions manually from the notifications from our bank but with a free app. I looked into EveryDollar but found the interface a lot less intuitive than any of the others I looked at.
If your local grocery shops are like mine, you can comparison shop right from home. I make my list, have both the local store and Walmart's sites open and then go through my list comparing prices and choosing the best deals. Really doesn't take much longer than actually shopping in store, and you avoid all the usual suggestive selling traps.
Added bonus-- choose curbside pickup if you can. That way you'll avoid delivery fee/tip costs.
Great idea!
$500/ month at restaurants!?!?! Do people actually do this?! This blew my mind! I live on a farm, an hour from the nearest city, so going to a restaurant for a meal is like a once a month event (or less!) for my husband and I. And we think it's so expensive every single time we go. It hurts so much to spend that kind of money on food when even just groceries alone is expensive now. I just can't imagine spending $500 every month at restaurants when you also have groceries to buy...
We don’t. It’s rare for us to go to a restaurant and we’re surrounded by them!
I misses my Aldi's every time I go near on i make plan to stock up with the cheaper can good, even bring a cooler for milk and other cold items if i going home right after shopping closes one is 50 miles away
I have a Tracfone pay as you go......get minutes once a year now.......
Happy on the Homefront is a new SUBSCRIBER!
Thank you
Tip 7-A, pay extra on your mortgage every month. Paying it off quicker will save on all that interest. Getting a bonus? Dump it on the mortgage, provided all your other debts are paid off. Imagine having your house payment to invest every month! In a few short years that will add up fast. Quit making others rich, make yourself rich instead. -Alina.
Hmmmm let's see...
Dump all my capital into a mortgage, 7 cars, and 2 boats all
☘️THANK YOU, and your team RACHEL☘️
I find that many prepared foods from Costco are pretty good and cost effective as well.
I wish I could find a video that had some tips that would apply to me keep trying to save money but don't see anything I can cut out
I loved this video. I LOVE Aldi
Great tips !! Aldis is definitely amazing
We LOVE Aldi!! Aldi has great tasting brands and are usually less expensive!!
Mint mobile is also a great option for cellphone plans
Thanks for the info 👍
Straight talk is good too. $45 unlimited internet.
amazing thank you
Aldi is pretty good, but many items have MORE than doubled in price in just 2 weeks’ time. Salsa 95 cents to $2.19. One time chicken was 99 cents. Next week almost $3 a pound!
No car payment is absolutely essential.
I live in Belgium Aldi is big, same with the store Lidl its a German company they are brothers and split the business, once called Lidl the other Aldi ...
Lidl is popping up in metro Atlanta
Must check it out!!!
Eating out for $500 a month, even $250? Do people really eat out that much?? It is too expensive where I´m from. Eating out is for special occations! 😅
I think that may be including fast food as well. If you buy your lunch everyday for work that could easily be 10 bucks a meal. So that is 200 dollars a month right there. Throw in a one nice dinner a week for 2 people and it can easily get up to 500 a month total.
Eating out should be for special occasions. However for some people, every day is "special" enough to spend money mindlessly.
Yes, its true, UNFORTUNATELY!!
I'm alone and its easier to grab a bite.
However, I calculated my spending😳
No can do anymore. My debt free journey begins today.....the sad part is...I'm a great cook.
...like Dave has said....."Just a fool"
SO TRUE😢
I could see it being that much, especially with a family/multiple people. Even if you spent $50 2-3 times a week for the month, that adds up fast.
I have red pocket and the base plan is alright if you don’t use a lot of data
I never go grocery shopping without a list and a prepared menu for the week
I shop at Ross for clothes and only purchase when necessary. I sign up for grocery store cards and get free items every month. I live in the dark, even though we changed all of our lights are LED. Use natural sunlight when available.
Candles are pretty too
Swap things with your friends or family. You need an airfryer and they have one sitting around. Swap their airfryer for something you need. Plant and garden yourself instead of buying it , get kiddies involved. They will love it
Aldi organic meats are comparable to our local grocery non-organic meats! I love aldi.
This tip is probably mentioned in another TH-cam posting by Rachel - but canceling cable/satellite TV and using antenna for local TV (assuming where you are living can receive reliable tv signals), and only free/low-cost streaming services can save a ton of money, in some cases over $100/month nowadays.
In central FL Aldi grocery cost more than Walmart. I was a die hard Aldi shopper for years, until recently. I save so much by shopping at Wal-Mart now.
Do you have Lidl in the States?
Like father like daughter. Sell that vehicle and get a used one. 😀
I am pretty sure if you trade in an expensive vehicle with a loan and buy a cheaper vehicle you would still have to pay the difference of what you owe on the previous loan. So not debt free, but maybe a shorter loan.
@The Rachel Cruze Show Did you just get hacked?
New subscriber 💪😎
You have me thinking on the car thing!!! My car is no luxurious but the KKB says it can give me what I owe on the car and a bit more 👀
Aldi has been a game changer
I keep hearing about Aldi 🤔
Lol 😂 I love watching these but everything you suggested I already do or don’t have (like subscriptions)
Same but I keep watching hoping they will tell me something new 🤷♀️😆
Might be good to call your insurance broker and see if you can reduce your rates by switching to a different carrier. If your car is paid off you might be still paying for loan payoff insurance even though the loan is gone
Another thing is look at your household bills and see if they have increased and why. My house phone had an introductory offer that ran out two months ago. I told them I needed to reduce my bills by switching they put me back on the intro offer again for another year
Pure talk!!! Awesome - $28 a month
I ❤ Aldi
Well done Budget Girl
Question, How do you trade in a car that is not officially paid off? Wouldn't I still have to pay the remaining balance of the vehicle?
But what does Ramsey Plus cost?
Great tips. Thanks for sharing❤
I went to an Aldi once and the produce was not good.. Will check out other stores as it keeps coming up!
I cut half of my electric usage and the electric company raised my bill by $30 claiming the cost of gas for their plant
Same here . There is just no winning .
OMG 😱
Call your public servant commission and file a complaint. My electric company had to credit our bills after too many complaints!!
Fight back
Same. My electricity went up and so did my water/sewage😩
I can’t win and I do it all to save!
Car Insurance. Use a higher deductible,
if you have a 5 year or older car…. Drop your collision coverage… then be sure that you are a careful driver
Ting is another great budget cell phone service!
Does anyone know of any cheap cell phone companies in Canada?
This is such a great video . Thanks
Aldi’s actually has really good stuff
Use Kayak for booking travel. Savings are ridiculous.
I don't know who needs to hear this save to invest! You're saving a day off work. I save 50% of my income towards investing. Saving to invest has been my smartest move so far....
Consumer cellular is also pretty cheap
Use it Up, Wear it Out, Make it Do, or Do Without -Eisenhower....not Donna🤣
Quit smoking and quit soda
Hi Rachael can I say I am debt free and have now cut my expenses by 80%
Awesome!
Awesome sauce🤨
Congratulations 🎉 🎉
Please !! Rachel more more examples of parents taking about money with kids??!!! ( like your family Van car went you was a child)
Thank you 🙏for your wisdom
You have to ask this: Is that phone plan “unlimited” data high speed or not? Because non high speed data is useless even for something simple like a Google search or Facebook message.
We use straight talk and lowered down our monthly plan to less high speed date for $10 cheaper per month x2 which works most months, but is killer once the high speed data leaves
Link up to wifi 90% of the time.
We switched from Verizon at 150.00 a month with only one smartphone & one dumb phone to 3 smartphones and only 111.18 per month on Straight talk plus we own our phones outright. We would only have 2, but we live out of town and I keep misplacing mine so we have a "house" cell phone.
I called T-Mobile a couple days ago to cancel my service and move to a different provider I was able to get 4 lines (one long distance call) for $127 which I was paying before for 3 lines only and no long distance calling and my 4th line I was paying $45/month will be saving $540 a year now so happy.
Aldi Is great.i always tell people I get most of my things there, get a few specialty items at the bougie health store since I do have a finicky diet And still actually pay less than if I went to the normal every day grocery store amen got it all. Extra trips yes but it’s fine. Where I used to live the hippie health store was in the same shopping center as aldi so it was awesome. Oh and there was also dollar tree. They have frozen fruit Andy veg which is usually cheaper than aldi. It’s less ounces but still works out to be cheaper. I’d make smoothies for breakfast and feed my parrots off of cheap dt frozen produce
Awesome
Thanks 🙏
I wish there were recommendations for other Aldi-like stores. I live in CA and grocery stores here are VERY expensive. Suggestions appreciated.
Cash flow is more important when your adult I don't buy big expenses unless second hand or made by your self or rented saves me more there
Low cost cell phone plans = multiple dropped calls and missing text you never get. This is stated by experience.
Not true. I switched to Mint Mobile 2 years ago & the service with them is wayyyyyy better than Sprint & Verizon, HANDS DOWN!!!!
All carriers in all areas are not equal. You have to do the switching to the carrier with the most coverage and then switch to the discount carrier that uses the network you need.
so for the shopping second hand a REALLLY good tip i learned is WHERE you shop. for example, i live in nyc, so i would go to Goodwill in midtown, or the upper east side/upper west side because the people in these areas usually have more expensive items so these Goodwills/thift shops always have higher end items for much less.
another one about subscriptions/memberships is PAY DOWN YOUR CREDIT CARDS ASAP or try to make payments in full. because lets say you owe 3000$ on a credit card, and you pay 80$ min payment, they will charge lets say 38$-50$ for interest...so that is literally wasting money and the same thing as you paying a subscription service..smh its crazy
ALSOOO walmart, trader joes are the cheapest on the east coast. i live in nyc and aldi is decent, but it doesnt really compare because of the no name brands. at trader joes, their brand is unbeatable, quality wise and price wise, plus the prices are the same throughout the US
I have 4 grocers basically across the street from each other. Walmart (not a supercenter), Safeway, Giant and Harris Teeter. I keep the prices down by shopping all 4 stores. It takes about 15mins each and I’m done and home in about one hour. I use the Flipp app on my cell to compare prices and then with list in hand I shop. The only change on list would be markdown meats. No markdown fruit/veggies/breads as that all goes to food pantry & shelters. I use store loyalty cards and coupons, some paper coupons, rebates and Receipt pictures. I have a Menu Plan and Meal Plan. I use a price book to stock up on lowest prices. I follow blogs for coupon/sale/rebates to cut down on my work and thinking. I’ve been doing this long enough it organized, efficient and fast. I shop my pantry mostly since I keep a 3-12mo pantry for the main recipes I make. I just replace what I use when my rock bottom price happens and rotate stock.
Ditto on the second hand locations (like Goodwill) - going to the ones in the nice part of town means that the people donating are ones who can afford nicer things, and often donate them before they're really bad. However, for consignment goods, I'd go to not as nice areas because 1. the store's overhead is higher, so the prices will be more, 2. though you may get a great deal on the brands, some of the brands may be too high end, or the place is too picky.
We need new suggestions You already told us this ones. With inflation on the way we need to be prepared. Thks
Plant the piece off your tree in the ground then it grows fruit and roots
Aldi is not much cheaper than Walmart around here. And some stuff is actually higher!
I moved to Whole Food in Miami for vegetables & fruits . Since the pandemic Aldi go down in quality and price higher.
I use LED bulbs, car is paid off, shop @ Aldi, utilities are tiny, no subscriptions. I still wanna save more. How?
Exactly.
Phone, car insurance, don’t eat out and don’t buy anything brand new
Use a wood stove to heat your house. Go out in the woods and fetch back deadfall for firewood. Grow your own food.
@JAMIEKEWL23 ....lol 😆 🤣 😂 😹
Oh dear🥴
I like mint mobile
Good advice but do you take your own?? And straight talk at walmart is a Good phone service
You said it right ! Straight up talk like that at Walmart.
I talk that way anywhere not just at walmart if noone likes it idc...
I love Aldi ..some ppl have said they don't like it because it reminds them of Fema food lol
Totally agree .. Aldi is great .
Aaaugh I am sooo close to selling my new car. The car pymt is just insane!! and car dealers are paying a lot for used cars nowadays!!
Big expenses is house car boat luxury items minimal minimilist saves money
If you don’t think that PoshMark is going to be a target for fake brand name clothing you’re fooling yourself...
If a family member is in the military, T-Mobile has a Great plan. We have 5 lines (the first line is the most expensive, the second line goes down in price, the third to sixth lines are the same price). When divided by our 5 family members, the cost per each line is $24 which includes unlimited talk, text, and DATA.
@budgetdivas Congratulations, so glad you did this! We also receive FREE Netflix (2 screens only) as part of this plan.
Chris Hogan. Please start your own, for we miss you.
Can anyone actually attest to those phone companies mentioned?......
Yes!!! ❤️
Meal prep video please!! Family of 4 and we spend $$$. Thank you!!
@JB, check out Frugal Fit Mom's channel. She feeds her large family remarkably cheaply and shows you how to shop and cook, too!
Cricket is a good carrier.
I get cell fone for a month like Jan 1 to 31 they give 6 days grace period then they shut it off bout 2 o'clock on Feb 6 I go down to pay cash on Feb 7 n it's good till March 7 but w grace period I'm ok till March 13 or in a year I get 72 free days fone or 10 plus weeks free
Love from Guatemala Rachel!!! Love your videos and advises... Thanks to your videos I'm learning to live and love my life without comparing it to others. 😌🤗👏🏻
Bravo 👏 👏 👏
Grow more edibles to grow more edibles without buying seeds cut a piece off trees you want more of plant in ground two years will have fruit I did fourty feijoa trees they will all have fruit in two years I' did feijoa and grapefruit lemon trees and manderine trees saves money
Video idea where to get the best priced groceries in different cities across the Country.