Knowing your partner involves knowing much more than just finances. All the money means nothing if the basic relationship isn't sound. Your relationship, mutual respect and love needs to drive your finances, not the other way around.
This is great...we have cut back so much on our expenses we can spend on the stuff we really like...we paid off 60000 of debt and 33000 on our mortgage...it feels great to save so much and know we can have a great life living way below our means😁
@@jeevang7853 Cool man. Keep buying $1000 phones with an insane camera and incredible processing power....so you can take pictures of your feet and watch youtube....while still living with your mom.
Makes me feel a lot better seeing your numbers. Ive had a budget for a long time and have a monthly spending of $3500... difference being that im still paying $700 a month on my mortgage AND I am married and have a 2 year old. We dont really skimp on quality of life either, sure we plan things out but sometimes we just spontaneously do/buy something and we just plan the rest of the month accordingly!
@@redloopy Individually it's not that much, but if you save $20 here, 20 there, it adds up. Some people can go through and chop out sometimes thousands from their monthly budget that they don't truly need. Investing that money instead of spending it, is how you become wealthy and comfortable. Say you need 20,000 to start a business, if you don't manage your money, you will probably never have the 20k. If you put $1000 into your business starting fund every month, you'll be ready to start your business in a little over a year and a half. There are lots of broke people who wipe their ass with $240, and that is why they are broke.
For years I thought i'm pretty damn cheap and knows all my expenses. this guy knows the wattage of every single electric equipment in his house. I don't know what to say.
Another great video,Bush!👍👍 My eldest son lives this way! I try to this way of living with my sons. My eldest son has embraced it.He's doing well as an electrician. I try my best at living a frugal life If I had a daughter, you'd be the ideal son n law! I appreciate your way of living
Super interesting. I think it’s interesting to mentioned being local (groceries) means less waste & less resource waste for gas. Have you thought about composting & seeing how little you can get your waste disposal? You might be able to compost in the backyard & just have recycling!
I’m a reseller from home so I plan my trips to post offices right next to grocery stores, while driving I record a video in my car using my phone, then write the trip off with a mileage app. If I record 2 videos per trip then my groceries are basically paid for with ad revenue
your collection equipment cost may eat into that savings. I would go to those Chinese restaurants and ask for their used soy sauce buckets (hopefully for free) and go from there.
WhenItsHalfPastFive ....We as a society have been propagandized to believe we HAVE to buy commercial toothpaste-filled with preservatives, random fillers and a warning that states "Do not swallow" ..My Gma taught me how to sew, cook and make my own toothpaste, I couldn't imagine buying commercial toothpaste..to each their own...
making soap is very easy. Toothpaste even easier--2 tbs baking soda, 2 tsp cinnamon, 2tsp ground sage, shake it up. Works great! Laundry soap easy too.
Hi Francis, You forgot the biggest cost item: i.e tax on return on assets (like stocks, savings, etc). I know you are going to say this varies person to person, but that is valid for all the cost items.
You don't pay the tax until you sell the stock. Warren Buffett rarely sells, therefore he pays less taxes. That is where his "I pay less taxes than my secretary" line comes from
Once you use up all that soap get a bottle of Trader Joes All for One; soap, shampoo, and conditioner all in one, one small squirt packs a ton of cleaning power. Bar cloths are great instead of paper towels, cloth napkins are super cheap at Goodwill of any resale shop. The bar cloths and cloth napkins don't really add to the amount of laundry you do because they don't take up any room in the washer.
Depends, If I were buying a home today I would only take out a mortgage. Interest rates are still at or near historic lows and tax deductible, you can then also deduct your property tax and for a single person it will probably work out better than a paid house or condo. Just make sure you keep enough other liquid assets so can pay the mortgage off whenever you want. The mortgage tax deduction is one of the big reasons we have an affordable housing crisis. The deduction is actually reflected in higher housing prices.
@@stuarthirsch the mortgage tax deduction is a US thing. Where I live (Canada), you don't get anything like that. Closest you'll get is if you use part of your house for a business, then you can deduct those portion of your expenses from your income.
@@silviag3798 Its a deduction, a long with the ability of deducting state and local property and real estate taxes that should never have been adopted, long since eliminated, but never will be. At least in the US. The only exceptions being if the house is a rental or business property.
@@kimjong-un5562 Thought I explained why I would want a house payment, provided the loan works in your favor, not against you. Because interest rates are near historic lows use other peoples money and get a tax deduction. A mortgage interest rate of 3% after the deduction can translate into an effective mortgage rate of 2% or less depending on the state you live in. This leverages your upside on the house if you sell or flip the house and also protects your downside risk. If there is another real estate collapse just let the mortgage company foreclose or do a short sale.
Health insurance has really gotten out of control. Having said that, please be careful switching to a less expensive, less comprehensive plan. Even relatively medical minor issues can really wipe a person out financially. I have good insurance now (I am a registered nurse and hospitals usually have good plans). If I were to leave and COBRA my insurance, the payments would be $900 + per month (insane). Having said that, I would maintain the insurance. I’ve had occasion to use my health insurance a lot this year (for minor things). And I literally would have had to spend tens of thousands of dollars with no insurance (or crappy insurance).
Millions of Americans are in what we call job lock because of things like insurance. They can’t leave their jobs to pursue others things they might want to do because insurance is crazy expensive. Insurance companies really screwed us over.
Great Video! I've always been a big believer in focusing on the big three when it comes to reducing expenses: home, transportation, and food, but this video really showed me the power of how trying to minimize spending in all categories can add up. I also like how you factor in a return on investment viewpoint when it comes to maintaining your quality of life. Why pay $50 for a service, when $20 will give me 90% of the value of the service? That last 10% is not worth it most of the time.
I was cutting my own hair even before the pandemic. Watching youtube videos and buying the best barbering scissors you can afford. Also I buy a lot of my clothes in thrift stores. I like to buy men's sweaters because they ate much better quality than the women's clothes, and last so much longer. Plus you can get simpler styles in the men's section that don't really go out of fashion so they don't have to be replaced every season
I can really relate to your budget. As a senior, I have tried to cut my spending in all areas, and have broken it down by categories, as you have. I ask myself do I really need that, and take the item out if possible. Clothing is still a downfall, but you're right, if you have a few shirts and pants, you can only wear one outfit at a time. Good tips from you!😁
Don't get married whatever you do! Get an electric shaver and use cornstarch as shaving powder. A good electric shaver will last for years. I use the library online. I get my magazines online and even download articles in pdf format from my county library, I can also get books and some movies anywhere, anytime, on my computers or home wifi or public wifi from the county library. I don't look at it as free but, l paid for with my taxes which I have to pay whether I use the government services or not. Use as many government services and benefits as you can of course following the law and regulations. After all you paid and are paying for them.
I feel your self-employed health insurance pain. I'm guessing you're like me and hardly ever use it. We have some of the same habits- fractioning paper towels, produce bags as garbage bags, self-hair cuts...
@@jlovesj3335 no such thing.Women want all the money but they'd rather their husband or boyfriend do all the heavy lifting. While they remain lazy and nagging.
@@frankiecal3186 That's like saying 'all men are terrible', it applies to a few, but not the majority. Most agree that their choice in partner is their own decision, and that they're free not to go out with a woman who is 'lazy' or 'nagging', but if they do, they've made their own bed.
Do you not have homeowners insurance? I didn't see that in the breakdown. I know you limit your exposure with less stuff, but you do have SOME stuff, like camera and computer. also, second question, Is it worth it to churn internet service companies?
I believe you only have to have a homeowners policy if you owe money on your house in the form of a mortgage. The bank makes it a requirement of the homeowner it to protect themselves from financial loss.
you mentioned Tubi TV.... I also like PLUTO TV... it's just like having cable service... and it's free on internet (has on demand shows and also live shows.... all free)
This guy getting by on $6/day on food, and here I am, eating 4 meals all over $5 per day. Plus at least $5/day in snacks/drinks. A single chicken breast here in Canada is $5-10 haha.
Ooooof, I wish my electric/gas bills were that low, tend to be near 250/mo for electric in summer and 150/mo gas in winter. Presumably majority of cost there is AC/furnace. Still trying to find ways to reduce that, it's hard though cause the house is poorly insulated and leaks a lot of air so short of turning AC/heater off they tend to run a lot (I also have renters so whilst I could myself wear socks/jacket, I want to keep house at a decent temp for renters). I suppose I could buy new AC/furnace units but it wouldn't fix poor insulation and I'd have to figure out how long pay off period would be and how long I intend to stay in this house (probably not forever).
Borrow an infrared video monitor to see what is leaking the most and add augmented insulation like layers on a window you stick on or plug up leaking air.
I'm similar my house was built in '46. Attic insulation is rat torn up and i once accidentally put a hole in the drywall to find no insulation at all in there. However using a full house fan when the weather is nice and setting my ac high when I'm not home helps a ton. No roommates let me do that though
When I had a landline, the costs kept climbing. It was getting to about $40/month and did not even include long-distance. Now, I have just a Tracfone cell and pay about $10/month.
I have the argument going with my (not $0) girlfriend about a landline in case of emergency. Our landline is actually VOIP which goes down when there is a power failure. There is no added emergency benefit. Just an expensive charge when we could just as well get magic jack or something.
I’m glad you pointed out that even if you’re both paying equally, you still spend more if you have a girlfriend because you simply go out more and do more stuff. This is true.
I just found your channel and really like it. I have looked at this in much the same way since I was in my teens and now as I'm in my 60's. Do I need it, what's the cheapest way to get it and foremost is it really worth it.
I would say health is necessary, yes. However, insurance is not necessary for most people. Insurance does not ensure health. It does zilch to give you health. I have found it has opposite effect overall. Health is an inside job, not a toxic pill. Learn to give yourself health in real ways. Eat quality foods, avoid all toxins like plague (learn what they are, where lurking), exercise and care for body properly and avoid high-risk activities. Herbs and diet, lifestyle changes, mindset are more effective 99% of time than the medical route.
Regarding girlfriends (or boyfriends, for that matter), it's 2019, one person should not pay for everything. If you think about it, it's even a little bit sexist to do so.
I've found that a financially too lopsided relationship leads to unhappiness for both partners. Each must take a fair share of responsibility based on assets and income. That needs to be discussed and worked out before any meaningful decisions in the relationship.
Yes agree. Mutual efforts on spending on dates AND I also expect my boyfriend to help out doing chores, clean and do dishes too. Someone who turns their nose up at helping out with little chores is not a keeper.
I'm happily married while I pay for most stuff. It's a give and take, and money is not the only thing people exchange in a relationship. Think about it more.
Well, you have already paid hundreds of thousands of dollars to pay off your mortgage in the Bay Area, and so this is a bit of clickbait as to $22k per year when your living expenses only consist of taxes and HOA fees and not other living expenses like most people watching these videos.
For emergencies when cell phones don't work, get an emergency 2 way radio and learn how to use it. You do not need a license to use a radio for emergency purposes. Not a perfect solution but could still be a good life line. We use ours as a weather radio in the event of bad weather.
Hydrogen peroxide has a lot of uses. Cleans, disinfects, color safe bleach, carpet stain remover. Other common inexpensive nontoxic and environmentally friendly household items include baking soda, and white vinegar. The internet is full of tips.
@Lee G nope. Use from small spray bottle with a microfiber cloth. Sanitizes nicely too. Nontoxic. 1 bottle lasts me years, and that includes using it to extract herbs.
You forgot to include homeowners insurance vs renter's insurance, car property tax, registration fees, etc. Also, you can get toiletries and household items for very low cost or even free by couponing so you really don't need to sacrifice for those items. You can get coupons from Sunday newspaper inserts, printable coupons from various websites, or coupon resellers from the internet or ebay.
My aunt lives very frugally. She never flushes her toilet. I don’t know why because I am too embarrassed to ask. Can she save water and sewage by doing that? The idea is to get the sewage heavy enough to flush by itself. 🤦🏻♂️
I think the cheapest way to live is in a van and buy a cheap gym membership to shower in... I was thinking about this... I would only wanna do it for a couple years though... sit in my van day trading for a year or 2 and then “retire.” A van with internet, computer, tv, bed, gas stove, sink and bed... I like the minimalist lifestyle for the time in your life that you are trying to get stuff done and build wealth, then I will buy whatever I want. It’s kinda like a “one thing at a time mentality.” I like to eat all the vegetables first and then switch to the good part, the meat. I don’t like to balance work and play that much.
Tipis and yurts are surprisingly comfy if van isnt an option...and more spacious. I lived in such for years. For a super-cheap portable house, cheaper and easier than even tipis or yurts, buy a starplate dome connector set ($110) and 25 2×4s. Drill holes in ends...bolt together into icosahedral frame (about 2 hours)...wrap in canvas or tarps, et voila! Insulate as needed with rolls of reflectix or prodex. Can make it permanent in a few more hours by discovering the miracle of latex-concrete. Latexcrete will turn old sheets into a rock-solid wall or roof. I reroofed my garage with old sheets and latexcrete...works amazingly well! Housing so cheap, easy and affordable that its mind-boggling.
This is exactly what I went through Mr. Bush. but I have a family, and we spend VERY little compared to most. and I think we are happier than most too, just building next eggs so I can retire in three years at age 33.
Great job on minimizing spending and still living the life you want to live. I a curious, you guesstimate a lot of this, why not track spending using an app?
I got car ins $15 month just get the non well known providers,i called my home insurance and raised up the deductible to $10k now i only pay $475 year,turn off wifi at night its just wasting power while i sleep
How do you plan to combat thousands in insurance premiums in old age or will you just switch over to Medicare when it's time? Or do you have enough passive income to cover it all?
I don't think land line will work in my state during a power outage. All the carriers switched to running home phone through the cable modem. But with most providers it is bundled free with internet and cable
we can be frugal but this is just taking it to next level on being "cheap"....sure, wife and i like to save money....but instead of trying to take this route....we work harder to up our "income streams" so, we can ENJOY, save and give while we are still breathing on this planet :) just a thought not a sermon.....
We pay for it through our taxes buddy. When Satan mcguinty won the election in Ontario in 2003, he immediately raised our taxes with a "health premium". Ended costing my family an EXTRA 2800 dollars a year. Don't be so smug, it's un-Canadian. Actually, maybe it isn't.
Putting $0 girlfriend you essentially also saved many many thousands of $ on child care and college tuition down the road. When you life amortized it, your cost is probably even cheaper.
The title is a bit misleading: he does not live a $55k/year life with $22k because his lifestyle is very different. (Of course some of these lifestyle changes are great, such as making your own food instead of buying at restaurants...). I gotta say tho, making your own toothpaste, and riding the scooter to the library to save on Netflix subscription, that’s legendary savings right there lol
I finally get to show something i save on out of necessity. I use a (Good and pricy) electric razer to shave and I have A-LOT of facial hair. The reason i do this, Is not to save, but because my cheeks badly break out with acne even after using aftershave whenever i use razors so I stopped and fixed my problem.
You missed several key factors: automobile loans, most are financed, sewage cost, costs $40 here in addition to trash and water, homeowners insurance, if you have a house with no insurance you are making a big mistake.
~@23:00 you should double it, man its more often going to pay for himself and her. Even just dinner one night could easy be 50~100 dollars. More than 300 + female expectations of the mans environment is going to likely cause some other kind of spending on the home/car/clothes ect. Women demand a lot, and don't really think about the effort required to meet their demands. 600 is appropriate typical, but like you say depends - 300 is absolutely too low.
These cost cutting measures are great when your single, and have no gf, because its like your a total control freak and that's total okay because its just yourself. But if you ever decide to start a family your gonna have to make some changes.
13:54 Netflix you listed $12.99. I get their lowest tier, which after tax costs $9.64/mo. Use your 3% cashback rewards card and that's $9.35/mo. Well worth it if you watch at least half a dozen hours worth per month or more. Are you valuing your time at least at a minimum wage amount? Running off to the library may seem cheap, unless you're accounting for your hours. Same goes for making your own toothpaste.
This is the right way to go, if you earn $55k and spend $22k you are technically a rich person! I live a great life spending half of my salary. I don't need more, in fact I might reduce my spending to a third of my salary in the next years.
Basically he values knowledge and experiences over things which is a great way of life and the easiest way to have peace.
Haircut $0 ,that goes for me too I'm bald.Girlfriend $0, she left me because of it.
Lol
Win Win
great money saving life hack! just go bald!
also $0 shampoo and conditioner
Thats sad. She could bring in some cash too.
The key here is knowing your finance inside and out, which most people do not.
Recite what you spend on everything. :D
Knowing your partner involves knowing much more than just finances. All the money means nothing if the basic relationship isn't sound. Your relationship, mutual respect and love needs to drive your finances, not the other way around.
Jee Vang that burn🔥🤣
I've already saved hundreds of $ by thinking of your "Don't buy it, you don't need it" before buying anything - thanks!
This is great...we have cut back so much on our expenses we can spend on the stuff we really like...we paid off 60000 of debt and 33000 on our mortgage...it feels great to save so much and know we can have a great life living way below our means😁
That is great!
That's so good to pay so much debt off just think of the interest you will save over the coming years, keep it up 👍
Wow! You have certainly mastered budgeting your finances wisely. A person with such skills is less likely to become broke. Awesome video! Thanks
If I come dried up, one can easily cut in various ways to trim it even more.
I minimized my expenses be cutting my desire to consume in general
Same here. It’s not even forcing yourself. It’s more like a.new realization and makes you immune to the need to spend much on objects.
It becomes a compelling and interesting challenge to pare down
@@jeevang7853 Cool man. Keep buying $1000 phones with an insane camera and incredible processing power....so you can take pictures of your feet and watch youtube....while still living with your mom.
@@TheTeatimecrumpet Damn dude u murdered him there...have some compassion mate!
@@TheTeatimecrumpet His is a homeowner, not living with even a housemate!
Makes me feel a lot better seeing your numbers. Ive had a budget for a long time and have a monthly spending of $3500... difference being that im still paying $700 a month on my mortgage AND I am married and have a 2 year old. We dont really skimp on quality of life either, sure we plan things out but sometimes we just spontaneously do/buy something and we just plan the rest of the month accordingly!
Everybody had their requirements of what services they have have. I suppose that is a good amount for family of three.
Girlfriends are really expensive, that's why I have a boyfriend now.
Ewwww
@@lostintime8651 LOL.... wow . he turned gay because he is trying to save money.
Lol
😂😂😂
Lmao
Girlfriend: $0. You could have started and stopped right there.
MGTOW for life !!
If my girlfriend becomes an expense I think it’ll be time to call quits.
Pretty much what i was thinking!
🤣🤣🤣
Girlfriend = expensive
I unplugged everything in my house and I saved 20.00 a month. It's not much but 240.00 a year adds up.
That's awesome. In New York everything is off the roof expensive
The Real Gee Same in California especially rent.
I wipe my ass with $240 fuck wasting time to do that bs
@@redloopy Individually it's not that much, but if you save $20 here, 20 there, it adds up. Some people can go through and chop out sometimes thousands from their monthly budget that they don't truly need. Investing that money instead of spending it, is how you become wealthy and comfortable. Say you need 20,000 to start a business, if you don't manage your money, you will probably never have the 20k. If you put $1000 into your business starting fund every month, you'll be ready to start your business in a little over a year and a half. There are lots of broke people who wipe their ass with $240, and that is why they are broke.
I heard it shortens the life of tv and computers if you unplug them daily?
For years I thought i'm pretty damn cheap and knows all my expenses. this guy knows the wattage of every single electric equipment in his house. I don't know what to say.
Guy makes his own toothpaste
Dude same, this level of granularity is too much
Thanks for taking the time to give us a visual. It's so helpful
Another great video,Bush!👍👍
My eldest son lives this way! I try to this way of living with my sons. My eldest son has embraced it.He's doing well as an electrician. I try my best at living a frugal life
If I had a daughter, you'd be the ideal son n law! I appreciate your way of living
I came across your channel because of prepper princess. I’m a new subscriber, looking forward to binge watching all your videos 😅😂🎉
Super interesting. I think it’s interesting to mentioned being local (groceries) means less waste & less resource waste for gas. Have you thought about composting & seeing how little you can get your waste disposal? You might be able to compost in the backyard & just have recycling!
I’m a reseller from home so I plan my trips to post offices right next to grocery stores, while driving I record a video in my car using my phone, then write the trip off with a mileage app. If I record 2 videos per trip then my groceries are basically paid for with ad revenue
Smart moves my man! Are you a pro reseller? I've been getting into selling car radios for good roi on eBay, what's your niche?
Honestly... It boggles my mind that the average person even has a monthly budget for clothing.
Burnt Sage it’s averaged over 12 months if you budget thoroughly
We keep a sinking fund for clothing, but we are a family of 4 with two growing kids. We are still well below what most people spend on one person.
I feel the same way! Once a year feels like too much for me.
@PearlPerlita Venegas yes kids are understandable but BTB's video is on the average person/adult....
90% of my clothes come from birthday or christmas presents from my parents
collect rain water in a sealed container and water your garden and plants to save on that.
Waste of time lol
What will that save you. One dollar?
your collection equipment cost may eat into that savings. I would go to those Chinese restaurants and ask for their used soy sauce buckets (hopefully for free) and go from there.
this dude really making his own soap and toothpaste
He did NOT say he makes his own soap
I think I need a source of fat and lyme? Never did me that before.
WhenItsHalfPastFive ....We as a society have been propagandized to believe we HAVE to buy commercial toothpaste-filled with preservatives, random fillers and a warning that states "Do not swallow" ..My Gma taught me how to sew, cook and make my own toothpaste, I couldn't imagine buying commercial toothpaste..to each their own...
making soap is very easy. Toothpaste even easier--2 tbs baking soda, 2 tsp cinnamon, 2tsp ground sage, shake it up. Works great! Laundry soap easy too.
Just get lye from drain cleaners. Some drain cleaners are literally just lye.
You may be the only one who has a line in your budget for socks, at just $0.25. I love it 😝
Hi Francis, You forgot the biggest cost item: i.e tax on return on assets (like stocks, savings, etc). I know you are going to say this varies person to person, but that is valid for all the cost items.
No one ever talk about it!!!
You don't pay the tax until you sell the stock. Warren Buffett rarely sells, therefore he pays less taxes. That is where his "I pay less taxes than my secretary" line comes from
Once you use up all that soap get a bottle of Trader Joes All for One; soap, shampoo, and conditioner all in one, one small squirt packs a ton of cleaning power. Bar cloths are great instead of paper towels, cloth napkins are super cheap at Goodwill of any resale shop. The bar cloths and cloth napkins don't really add to the amount of laundry you do because they don't take up any room in the washer.
Can't beat having the mortgage paid off for saving money! Once you're at that point, monthly expenses drop like a stone. I can't wait til I get there.
Depends, If I were buying a home today I would only take out a mortgage. Interest rates are still at or near historic lows and tax deductible, you can then also deduct your property tax and for a single person it will probably work out better than a paid house or condo. Just make sure you keep enough other liquid assets so can pay the mortgage off whenever you want.
The mortgage tax deduction is one of the big reasons we have an affordable housing crisis. The deduction is actually reflected in higher housing prices.
@@stuarthirsch the mortgage tax deduction is a US thing. Where I live (Canada), you don't get anything like that. Closest you'll get is if you use part of your house for a business, then you can deduct those portion of your expenses from your income.
@@silviag3798 Its a deduction, a long with the ability of deducting state and local property and real estate taxes that should never have been adopted, long since eliminated, but never will be. At least in the US. The only exceptions being if the house is a rental or business property.
@@stuarthirsch why would u want a house payment lol
@@kimjong-un5562 Thought I explained why I would want a house payment, provided the loan works in your favor, not against you. Because interest rates are near historic lows use other peoples money and get a tax deduction. A mortgage interest rate of 3% after the deduction can translate into an effective mortgage rate of 2% or less depending on the state you live in. This leverages your upside on the house if you sell or flip the house and also protects your downside risk. If there is another real estate collapse just let the mortgage company foreclose or do a short sale.
Huge lesson in this video which is ASK FOR A DISCOUNT. Banks, credit card fees, insurance, utilities etc. can all be negotiable.
Sign up for a credit union and they don’t have a minimum balance
Or Charles Swab checking is pretty good too.
Health insurance has really gotten out of control. Having said that, please be careful switching to a less expensive, less comprehensive plan. Even relatively medical minor issues can really wipe a person out financially. I have good insurance now (I am a registered nurse and hospitals usually have good plans). If I were to leave and COBRA my insurance, the payments would be $900 + per month (insane). Having said that, I would maintain the insurance. I’ve had occasion to use my health insurance a lot this year (for minor things). And I literally would have had to spend tens of thousands of dollars with no insurance (or crappy insurance).
Millions of Americans are in what we call job lock because of things like insurance. They can’t leave their jobs to pursue others things they might want to do because insurance is crazy expensive. Insurance companies really screwed us over.
Come to France ! 😃
@@leila_de_hautjardin Great idea! I love France. :)
Great Video! I've always been a big believer in focusing on the big three when it comes to reducing expenses: home, transportation, and food, but this video really showed me the power of how trying to minimize spending in all categories can add up. I also like how you factor in a return on investment viewpoint when it comes to maintaining your quality of life. Why pay $50 for a service, when $20 will give me 90% of the value of the service? That last 10% is not worth it most of the time.
Spend less, enjoy life more 😉
@@timijk True dat
Jee Vang toothpaste are not material, even cumulatively speaking. I like to focus on the larger pieces of the pie.
The "Girlfriend 0" spoke to me. FeelsBadMan
PepeHands
I was cutting my own hair even before the pandemic. Watching youtube videos and buying the best barbering scissors you can afford. Also I buy a lot of my clothes in thrift stores. I like to buy men's sweaters because they ate much better quality than the women's clothes, and last so much longer. Plus you can get simpler styles in the men's section that don't really go out of fashion so they don't have to be replaced every season
I can really relate to your budget. As a senior, I have tried to cut my spending in all areas, and have broken it down by categories, as you have. I ask myself do I really need that, and take the item out if possible. Clothing is still a downfall, but you're right, if you have a few shirts and pants, you can only wear one outfit at a time. Good tips from you!😁
Living a good quality of life on minimal expenses 👍🏻
Life is way cheaper without a girlfriend. Dating can be a vortex of expenses. I enjoyed it but going solo has its benefits.
See this guy does not blow his money on strippers, drugs, and gambling lol now thats discipline
Short Change lol
Don't get married whatever you do! Get an electric shaver and use cornstarch as shaving powder. A good electric shaver will last for years. I use the library online. I get my magazines online and even download articles in pdf format from my county library, I can also get books and some movies anywhere, anytime, on my computers or home wifi or public wifi from the county library. I don't look at it as free but, l paid for with my taxes which I have to pay whether I use the government services or not. Use as many government services and benefits as you can of course following the law and regulations. After all you paid and are paying for them.
@Angel rose I should have married you.
Stuart Hirsch True it’s not the governments money it’s the people’s money who pay taxes.
@@thenoicemango1827 Absolutely correct.
my homeless resident outside got a better body than me
he got six-pack with muscles.
he plays basketball every day
I drink beer every day
...and then The Bush plugs the scooter into the library's outlet for the trip home. Every penny counts!
I feel your self-employed health insurance pain. I'm guessing you're like me and hardly ever use it.
We have some of the same habits- fractioning paper towels, produce bags as garbage bags, self-hair cuts...
Having a husband or bf is great for a second income. Even a roommate helps.
Moral of the story don't get a girlfriend and you can retire early and spend that money on yourself.Check Mate.
Makes sense. Only date within your range. Smarter to date a man who can comfortably afford a woman.
@@jlovesj3335 no such thing.Women want all the money but they'd rather their husband or boyfriend do all the heavy lifting. While they remain lazy and nagging.
@@frankiecal3186 that's what attracts you...lmao
@@frankiecal3186 That's like saying 'all men are terrible', it applies to a few, but not the majority. Most agree that their choice in partner is their own decision, and that they're free not to go out with a woman who is 'lazy' or 'nagging', but if they do, they've made their own bed.
Do you not have homeowners insurance? I didn't see that in the breakdown. I know you limit your exposure with less stuff, but you do have SOME stuff, like camera and computer. also, second question, Is it worth it to churn internet service companies?
I believe you only have to have a homeowners policy if you owe money on your house in the form of a mortgage. The bank makes it a requirement of the homeowner it to protect themselves from financial loss.
you mentioned Tubi TV.... I also like PLUTO TV... it's just like having cable service... and it's free on internet (has on demand shows and also live shows.... all free)
This guy getting by on $6/day on food, and here I am, eating 4 meals all over $5 per day. Plus at least $5/day in snacks/drinks. A single chicken breast here in Canada is $5-10 haha.
Ooooof, I wish my electric/gas bills were that low, tend to be near 250/mo for electric in summer and 150/mo gas in winter. Presumably majority of cost there is AC/furnace. Still trying to find ways to reduce that, it's hard though cause the house is poorly insulated and leaks a lot of air so short of turning AC/heater off they tend to run a lot (I also have renters so whilst I could myself wear socks/jacket, I want to keep house at a decent temp for renters). I suppose I could buy new AC/furnace units but it wouldn't fix poor insulation and I'd have to figure out how long pay off period would be and how long I intend to stay in this house (probably not forever).
Borrow an infrared video monitor to see what is leaking the most and add augmented insulation like layers on a window you stick on or plug up leaking air.
I'm similar my house was built in '46. Attic insulation is rat torn up and i once accidentally put a hole in the drywall to find no insulation at all in there. However using a full house fan when the weather is nice and setting my ac high when I'm not home helps a ton. No roommates let me do that though
Still waiting on that girlfriend bracket to break beat the bush 🤣🤣🤣
Once he gets one all those other numbers he's proud of will change dramatically or the girl fund will remain 0!
When I had a landline, the costs kept climbing. It was getting to about $40/month and did not even include long-distance. Now, I have just a Tracfone cell and pay about $10/month.
I have the argument going with my (not $0) girlfriend about a landline in case of emergency. Our landline is actually VOIP which goes down when there is a power failure. There is no added emergency benefit. Just an expensive charge when we could just as well get magic jack or something.
Mint mobile isn't running that promo anymore.
Sadness...
I’m glad you pointed out that even if you’re both paying equally, you still spend more if you have a girlfriend because you simply go out more and do more stuff. This is true.
Long distance relationships are cheaper because you can just date on Skype
I just found your channel and really like it. I have looked at this in much the same way since I was in my teens and now as I'm in my 60's. Do I need it, what's the cheapest way to get it and foremost is it really worth it.
Netflix can be free or you can buy the cards on ebay for free months
how?
These are so good BTB. It inspires me to go back through every single line item our budget for cost reduction.
You seem really smart - I feel like instead of trying to cut down on low expenses like soap, you have the ability to make a lot more money
Thanks for the details.
We need a discussion on self employed HEALTH INSURANCE.... it’s necessary but it keeps going up with no cap
I would say health is necessary, yes. However, insurance is not necessary for most people. Insurance does not ensure health. It does zilch to give you health. I have found it has opposite effect overall. Health is an inside job, not a toxic pill. Learn to give yourself health in real ways. Eat quality foods, avoid all toxins like plague (learn what they are, where lurking), exercise and care for body properly and avoid high-risk activities. Herbs and diet, lifestyle changes, mindset are more effective 99% of time than the medical route.
JustCallMeViv Elections are coming up use your power to vote wisely.
He doesn't buy new phone , clothes, shoes every month like people
Regarding girlfriends (or boyfriends, for that matter), it's 2019, one person should not pay for everything. If you think about it, it's even a little bit sexist to do so.
I've found that a financially too lopsided relationship leads to unhappiness for both partners. Each must take a fair share of responsibility based on assets and income. That needs to be discussed and worked out before any meaningful decisions in the relationship.
Yes agree. Mutual efforts on spending on dates AND I also expect my boyfriend to help out doing chores, clean and do dishes too. Someone who turns their nose up at helping out with little chores is not a keeper.
I'm happily married while I pay for most stuff. It's a give and take, and money is not the only thing people exchange in a relationship. Think about it more.
Shouldn't matter
I love what you said about balance. It's all about getting the most with the least. Great Video!
Well, you have already paid hundreds of thousands of dollars to pay off your mortgage in the Bay Area, and so this is a bit of clickbait as to $22k per year when your living expenses only consist of taxes and HOA fees and not other living expenses like most people watching these videos.
Hahaa u have girlfriend section
For emergencies when cell phones don't work, get an emergency 2 way radio and learn how to use it. You do not need a license to use a radio for emergency purposes. Not a perfect solution but could still be a good life line. We use ours as a weather radio in the event of bad weather.
Now for cleaning, i buy :
- HYDROGEN PEROXIDE ($1 store 32 oz)
- BLEACH ($1 store)
- Reusable wipes
Sun Set same. Dollar tree is amazing
Hydrogen peroxide has a lot of uses. Cleans, disinfects, color safe bleach, carpet stain remover. Other common inexpensive nontoxic and environmentally friendly household items include baking soda, and white vinegar. The internet is full of tips.
Cheap (really cheap on sale) vodka is an amazing household cleaner. Also, isopropyl alcohol but thats toxic. Nothing better for windows.
@Lee G nope. Use from small spray bottle with a microfiber cloth. Sanitizes nicely too. Nontoxic. 1 bottle lasts me years, and that includes using it to extract herbs.
White vinegar is excellent for MANY cleaning jobs. Cheap as hell.
You forgot to include homeowners insurance vs renter's insurance, car property tax, registration fees, etc. Also, you can get toiletries and household items for very low cost or even free by couponing so you really don't need to sacrifice for those items. You can get coupons from Sunday newspaper inserts, printable coupons from various websites, or coupon resellers from the internet or ebay.
Those are added already part of housing.
My aunt lives very frugally. She never flushes her toilet. I don’t know why because I am too embarrassed to ask. Can she save water and sewage by doing that? The idea is to get the sewage heavy enough to flush by itself. 🤦🏻♂️
Costs about half a penny per flush. Flush 4 times a day is $0.60 a month. Not reasonable to save in this area.
I lol'd at this comment 😅😅
i sleep outside n save on the depreciation of my mattress bed
Damn, I wish my home repair bills averaged out to 30 dollars a month. lol But I also own a 100 year old house and old houses tend to be money pits.
Jesus. I didn’t know health insurance was so much. I currently don’t have any.
As self employed, it gets more expensive as you age. So I can be over $1000 for 55 and up.
Unless you qualify for medicaid, big mistake!
Great idea. I am going to start using my personal electric vehicle to go to the library.
I think the cheapest way to live is in a van and buy a cheap gym membership to shower in... I was thinking about this... I would only wanna do it for a couple years though... sit in my van day trading for a year or 2 and then “retire.” A van with internet, computer, tv, bed, gas stove, sink and bed... I like the minimalist lifestyle for the time in your life that you are trying to get stuff done and build wealth, then I will buy whatever I want. It’s kinda like a “one thing at a time mentality.” I like to eat all the vegetables first and then switch to the good part, the meat. I don’t like to balance work and play that much.
Tipis and yurts are surprisingly comfy if van isnt an option...and more spacious. I lived in such for years.
For a super-cheap portable house, cheaper and easier than even tipis or yurts, buy a starplate dome connector set ($110) and 25 2×4s. Drill holes in ends...bolt together into icosahedral frame (about 2 hours)...wrap in canvas or tarps, et voila! Insulate as needed with rolls of reflectix or prodex. Can make it permanent in a few more hours by discovering the miracle of latex-concrete. Latexcrete will turn old sheets into a rock-solid wall or roof. I reroofed my garage with old sheets and latexcrete...works amazingly well!
Housing so cheap, easy and affordable that its mind-boggling.
This is exactly what I went through Mr. Bush. but I have a family, and we spend VERY little compared to most. and I think we are happier than most too, just building next eggs so I can retire in three years at age 33.
Are you retired now?
a growing bush is always a good sign for personal growth
Oh.... as in your savings stash? =D
Great job on minimizing spending and still living the life you want to live. I a curious, you guesstimate a lot of this, why not track spending using an app?
I got car ins $15 month just get the non well known providers,i called my home insurance and raised up the deductible to $10k now i only pay $475 year,turn off wifi at night its just wasting power while i sleep
carlosbam how is your car insurance $15 a month??
Paws Not Claws you gotta go to the ghetto side of town not those brand name insurance its legit just cheap and basic especially for older cars
The 3 month 3 month free for mint mobile is over im pretty sure
My house is so close to the street light I can save on a bed side lamp reading my book at night
you win
How far away is the street hydrant? Why pay for water
This killed me
😁add a little solar panel to that side of house and get free charging of devices all night too!
Good video, i wouldn't ride to the library because that would waste a lot of time and your time is very valuable.
sell your house and go #vanlife
For health insurance, get married to someone who works a corporate job and get on the plan :P
Have you thought of having a nerd-off with TechLead?
Watched the whole video, awesome!
I like this vid.. Good review of spending. Habits.
:D
I remember reading that baking soda will damage your enamel if you use it daily. Be careful.
Not true. I have been using it for decades and enamel is better than ever.
Lol under the subscription bracket it says “Entertainment” think that might be BTBs Premium Brazzers account
How do you plan to combat thousands in insurance premiums in old age or will you just switch over to Medicare when it's time? Or do you have enough passive income to cover it all?
May I’ll have to love to Thailand lol!!!
I don't think land line will work in my state during a power outage. All the carriers switched to running home phone through the cable modem. But with most providers it is bundled free with internet and cable
I can appreciate what you're doing. I keep 60% of my income as disposable. It works well for me and my financial goals.
It's great to have A LOT of moving room.
good bye DATING LYFE! Someone will be Single Forever.
If u say so...
we can be frugal but this is just taking it to next level on being "cheap"....sure, wife and i like to save money....but instead of trying to take this route....we work harder to up our "income streams" so, we can ENJOY, save and give while we are still breathing on this planet :) just a thought not a sermon.....
BTB can get any girl he wants, but sometimes singleness is a gift.
As a girl I'd prefer a frugal guy
One slip up "DATING" and you won't have a life. I've never met a "voluntary" single man who wasn't happy.
Health insurance?! Bah ha ha ha!
Love -Canada
We pay for it through our taxes buddy. When Satan mcguinty won the election in Ontario in 2003, he immediately raised our taxes with a "health premium". Ended costing my family an EXTRA 2800 dollars a year. Don't be so smug, it's un-Canadian. Actually, maybe it isn't.
But you pay a crap ton more income taxes. So it balances it out.
0 on personal care? How dare you ? Lol
Yuriy Maximov haha ikr
Lol. I still smell great... I shall ask my friend to smell me.
😁
Putting $0 girlfriend you essentially also saved many many thousands of $ on child care and college tuition down the road. When you life amortized it, your cost is probably even cheaper.
Lol... possibly. XD
I maintain a very low cost of living by having no money and recording all of my videos in the dark.
Interesting. Wont get good vid quality though. =D
Lol
The title is a bit misleading: he does not live a $55k/year life with $22k because his lifestyle is very different. (Of course some of these lifestyle changes are great, such as making your own food instead of buying at restaurants...).
I gotta say tho, making your own toothpaste, and riding the scooter to the library to save on Netflix subscription, that’s legendary savings right there lol
I finally get to show something i save on out of necessity. I use a (Good and pricy) electric razer to shave and I have A-LOT of facial hair. The reason i do this, Is not to save, but because my cheeks badly break out with acne even after using aftershave whenever i use razors so I stopped and fixed my problem.
You missed several key factors: automobile loans, most are financed, sewage cost, costs $40 here in addition to trash and water, homeowners insurance, if you have a house with no insurance you are making a big mistake.
I bought my car long ago. Sewage and insurance part of housing included already.
~@23:00 you should double it, man its more often going to pay for himself and her. Even just dinner one night could easy be 50~100 dollars. More than 300 + female expectations of the mans environment is going to likely cause some other kind of spending on the home/car/clothes ect. Women demand a lot, and don't really think about the effort required to meet their demands. 600 is appropriate typical, but like you say depends - 300 is absolutely too low.
Sure thing, adjust as needed. But all this I believe is based on being single.
These cost cutting measures are great when your single, and have no gf, because its like your a total control freak and that's total okay because its just yourself. But if you ever decide to start a family your gonna have to make some changes.
Thanks for sharing. It's great to learn that we can always live more with less.
Very thorough, great breakdown of life spending....I think anyone can gain some nuggets from this.
13:54 Netflix you listed $12.99. I get their lowest tier, which after tax costs $9.64/mo. Use your 3% cashback rewards card and that's $9.35/mo. Well worth it if you watch at least half a dozen hours worth per month or more. Are you valuing your time at least at a minimum wage amount? Running off to the library may seem cheap, unless you're accounting for your hours. Same goes for making your own toothpaste.
For you , would a dog be worth it if it’s 1.2k a year ? Strictly speaking financial sense
There are other considerations such as long term travel causing enormous stress on a pet. Something I wouldn’t want to do.
This is the right way to go, if you earn $55k and spend $22k you are technically a rich person!
I live a great life spending half of my salary. I don't need more, in fact I might reduce my spending to a third of my salary in the next years.