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Food delivery apps are keeping you poor. Don’t be lazy and cook at home.

Never go grocery shopping without a list.

Restaurants are the killer of your budget. Once I figured out how much I was spending eating out per month, I changed my ways quick.

"It isn't how much you make, it's what you do with it." Wisdom my mom told me many years ago.

Caller: Dave should my 4 year old take karate lessons? Dave: What's his income?

When I first started budgeting I realized I spent 500 a month at work... buying breakfast before work, buying lunch, buying snacks. 5 days a week, average if 25 dollars a day sometimes more. I’ve saved money and lost a little weight.

You know it’s going to be good when the caller says we have no debt except a car loan and mortgage 😂

When I was a child (about 1959) I watched my father put cash in envelopes every payday. Wasn't long after that he gave me an explanation. If you have a $400/month car payment, every payday put $100 in an envelope. When the car payment comes due, you have the cash in an envelope. Same with an unknown expense such as vehicle maintenance. Every payday put $20 in an envelope. When it comes time to put out $800 for tires, you have cash in the envelope. Tires are not an $800 "emergency." 62 years later I am still using those envelopes.

Dave has given me the financial intelligence that my parents never did. For that, I thank him.

" Eating my retirement" Wow something to think about.

Don’t go grocery shopping when you are hungry- 💯 Dave🙌🏼.

I make 75,000 a year and have a 1700 house payment, no debt. I used to live pay check to pay check. Then I found Dave and budgeted - now I have a 6 month emergency fund AND I throw 500 to 1000 month extra on the house to get it paid off in 6 to 8 years.

"You're eating your retirement." I feel personally attacked. 😒

Food is our big hole, cook at home folks

I’ve started doing grocery pickup only. That way I can see what my total bill is before paying and if it’s higher than my budget I go back through and remove things I really don’t need. It’s helped tremendously.

$6k take home and broke. Unreal.

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

“ I was doing to much stupid in grocery stores and restaurants “. Boy I felt that 😳

Cooking at home, eliminating corner store snacks, and paying yourself every check will get you started. I did this working 14 an hour and saved about 400 extra a month.

It does feel like you get a raise when you use a budget, track every expense and you will realize where your money is going. A budget is a must!

this guy's deep voice is mindblowing, could listen to him all day

Groceries, eating out, online shopping, and random purchases is what adds up!

Other parts of the budget people lie about are: shoes, clothes, cosmetics, alcohol, and pet expenses. For every dollar spent on groceries they might spend four dollars in those other categories. $72k a year can evaporate before your eyes.

I noticed groceries was my largest expense so I opened a checking account and put a set amount at the beginning of the month and ONLY use that amount for our groceries and this has worked amazing for us. If there is any money left I leave it in there and add less the next month.

What helps us with grocery shopping is shopping online or doing curbside pickup. You get to see exactly how much you're spending before you spend it and can delete and add groceries according to your budget. It has definitely helped us. When we go to the store to shop, it always amazes us how much more it can be versus doing it online.

It’s beyond me how folks twice my age are calling this show, saying that they are bleeding money. Thank you Dave for coming into KZfaq and allowing me to find your content as a teenager ! I’m 26 now

How I stopped living paycheck to paycheck: got laid off

I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

For me, I believe retirees who struggle to meet their basic needs are the ones who could not a lot of things. My wife and I both spent same number of years in the civil service, he invested through a wealth manager and myself through the 401k.accumulate enough money during their active years to meet their needs. Retirement choices determine We both still earning after our retirement...

Thanks to Dave I recently sold my 2020 Honda civic si i was paying around 380 a month for it, came across his videos of car payments and called my bank to get the payoff and went around to see what my car can get appraised at and got a little more than what my payoff was. Shortly after i bought a 08 camry cash and have been so happy not having a car payment!!

My colleague and her husband needed to move up from a townhouse to a house, but couldn’t afford to. She told me her husband went out to lunch with his colleagues every day. It was expected. They usually weren’t going to expensive places, but it still adds up. She and I brought our lunches every day and only went out for special occasions. I got onto a mortgage calculator and showed her that her husband was eating the difference in payment between a townhouse and a house. They reconsidered and soon bought the house their family needed.

I’m a married man with one toddler and one on the way! I’m making 24k a year and investing and saving for retirement, and saving to pay for a van with cash. Completely debt free. I cringe when people come in here calling in making 50k+ a year and complaining. Bruh..

Going to the grocery store on a full stomach will make you get home and be mad you didn't buy any snacks lol

I stop going to Restaurants and I see a difference

It’s amazing how dining out is such a big thing in the States. It seems to be something a lot of people do weekly, even daily! Not so much in Ireland. It would have to be an occasion or outing of some sort. Just a random insight into cultural differences😊

I know that when we changed to using all cash and putting the debit card away it changed things for us considerably. When we took out cash each week and put that money in envelopes we ended up spending less money. There is something about using cash for your weekly expenses (food, gas, entertainment, etc) that just makes you pay attention to it more and be more intentional about how you spend your money. I highly highly recommend moving to using cash for everything (as much as you can).

Spend less, increase income...most "Necessities" aren't so or could be had at a lower cost

That grocery list tip is so true. I go in for some bread and juice, and come out with $60 worth of cheese for a sudden late-night charcuterie board.

A great point... during this pandemic, not going out to eat made me feel like I got a raise. I learned that I was spending too much at restaurants. Thanks Dave... keep doing what you do!

I LOVE the whole thing about the grocery store! - Like Dave and Chris said, we all know that restaurants will eat up your money, but when I started doing the Zero-based (or "Every Dollar") budgets, Dave's budget... I was SHOCKED at how much money I was spending in groceries for me & my teenaged sons. And this caller kept saying "about this much". Knowing EXACTLY how much is key!

Become a minimalist!

I will never understand how someone can be making that much and not know where their money is going and always broke/in debt.

A few years ago, when I was wanting to lose some weight, I began looking at the "unnecessary calories" (sugar in the tea, soft drinks, cream and sugar in the coffee, etc.). Same way with budgets - look at the unnecessary expenditures. As Dave and Chris mentioned, eating out is a huge budget killer. Start logging every time you go through a drive through, it might surprise you. Finally, let's talk about a huge expenditure that many are guilty of - their cable, internet, and cell phone expense. I guarantee you many households spend $500-600 or more per month on those three things.

Stop buying stuff,simple.

When I first learned to budget-how much I “thought” versus how much I was actually spending on groceries/eating out was a huge eye opener!

It amazes me that people listen to Dave for years and still get a car payment and tell him 😂😂😂

Gardening helps with the grocery budget!!

"You can't manage money in the rearview mirror" Dave I love how simple and profound that statement is.

"Restrunts" 😂

I’m gonna retire a millionaire. And when Dave is long gone.. I will look back and thank him. It was him that got me to where I am now with my Roth IRA, and it was him that helped me get my financial standings in check. I’m a custodian by the way.

And I’m listening to this here in Portugal, making 900€ a month and saving 30% of my income every paycheck.

Me : “my 3 year old wants a power wheels “ Dave : “ what’s his income “?

So true regarding the grocery costs. I was on a “budget” and I basically took eating out completely off that list. But when I went grocery shopping, I would overspend, thinking, “Hey, at least I’m cooking and not eating out so why can’t I buy these pre-cut vegetables to save myself a bit of effort?” A few months in, I realized I’m basically spending whatever I was spending on restaurant into groceries.

When Dave said “Oh my God!!” I almost dropped my phone. 😂

Chris and Dave is the BEST duo on the show

I started doing a spreadsheet for groceries, breaking down by categories. It's given me a clear picture of what needed to be trimmed back. At the moment if I have any grocery money left I put it in a grocery slush fund so that when an item we use all the time comes up on a half price special I've got that bit extra cash to stock up with. It's helped us a lot while people were going nuts during the lockdowns.

Been eating out and getting takeout more than ever during this pandemic! Gotta reel it in. Three kids home from school all day. Mom helping teach the little ones. Nobody feels like cooking. It’s wrong but sanity for us has been going to a local restaurant. We committed to changing that in this new year.

It takes WORK nothing great is achieved without putting the WORK IN FIRST!! You can’t wish it to get better you HAVE TO TAKE ACTION!! 💪🏽 💪🏽

Dave Ramsey is 100% correct on a grocery budget! My wife and I go to the grocery store together and we use a list and ia calculator and as each item goes in the cart it's added up. As we started this, it annoyed my free-spirited wife as I am the nerd of the family nd love detail but now we both see that TOGETHER it helps and now it's a normal way of grocery shopping. The numbers do not lie.

"We're eating our retirement!" Funny but true! A lot of people are guilty of this! Look at each receipt no matter how small it is.

I spend waaayyy too much eating out. My wallet and scale hate me 😩. I need a strict diet.

Just discovered this guy Dave, luv the wisdom, real life wisdom. Subscribed & sharing & doing everything I can to implement his advice.

I cancelled Netflix, Spotify, and Amazon prime. Tired of nickel and dime-ing myself. Every dollar counts

It is so true, I find myself always going back to my budget to adjust grocery budget. Now I have a better strategy. Thank you Dave and Chris!

I am not overly stringent with my grocery list, because being in the store reminds me of everyday purchases I honestly need to make. I also sometimes see a bona fide buying opportunity; as long as it's a staple in my home and on a genuine discount there's no reason not to buy.

Pay yourself first! Instead of spending first and then saving, flip it. Save first then spend.

I LOVE when Dave angrily and dramatically hits the hang up button! ☎️

I bring a grocery list. But most times I know exactly what i'm going to be spending so I'll bring my budget for that trip in cash. At the register only cash comes out.. no card transactions.

My mom said it’s not that difficult to earn $10k a month but to save $10k is totally different thing !!

These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.

Thanks to Dave I went from 18k in debt to 9k in a few months and on schedule to be done by January.

I have been doing A budget for 40 years since I was 17 and I have to say that I'm not impressed with Dave's budgeting app. I do a spread sheet. Before computers I wrote it out on paper. I'm gotten more sophisticated with it over the years. But I have never found a budgeting system that I liked other than my own. I'm not trying to be bragging I'm just saying that not every system fits every person. So you have to find the system that fits for you

Who is his cohost? I could listen to this man's voice for hours.

Second jobs as CNAs on the weekends would solve alot of those problems doubles on Saturday singles on sundays 36+ hours second paychecks and a budget life changing.

Write down all your expenses and stick to your budget. Make sure investing is part of your budget, even if it is a tiny amount.

That’s why budgeting is KEY!! 💕

Thank you for all you have done to help people, Mr. Ramsey. Always great advice! My son’s learning a lot from you recently.

Getting on a more consistent diet/menu each week can really help with grocery costs. I go to the store every Friday and basically buy/order the exact same thing each time. The only time there is a deviation is if I want to get some alcohol or extra goodies for the weekend. So grocery is basically a fixed budget item every week. Another thing that helped was starting to buy stuff like toilet paper, deodorant, toothpaste, etc. online and having it set up to be delivered every 2-3 months at a lower cost.

We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.

Good advice as always

In the beginning did she say, we have no debt except a car note and a mortgage? Sorry but that is still debt.

Stop buying STUFFFFFF

I haven't ever lived paycheck to paycheck...sounds horrible and very stressful. Why I always just lived on less than I make from when out of college. Obviously my buffer was small at the start but didt take long to build up a little nice emergency fund. Living on less than you make is almost mandatory to getting ahead. I don't care how much you make if you live paycheck to paycheck your very poor in my eyes.

That "OH MY GOD!" actually startled me lol.

I guess that’s the advantage of living in a rural town, we have NO decent restaurants and we are forced to cook lolol unless you’re into BK and DQ 🤣

We were spending sooooo much at restaurants before Dave. Close to $700 a month. I could not believe it once I sat down and looked at bank statements

I told myself I was going to budget $400.00 a month on groceries...the bill for this month so far is at $523.00. However the next grocery visit will be in February. So I'm over budget, however I am tracking it. Dave and Chris were right on the money with this one. Thanks!

Using coupons at the grocery store can be very helpful, but on the flip side, they can also cause you to spend MORE, because you buy things you wouldn’t otherwise just because you have a coupon for it! Coupons should be used ONLY for things that are on your list anyway. Then they truly can save you money.

My partner and I only have one car and drive each other places, we save a total of $500 a month on opting out of another car payment plus insurance!

You guys are hilarious together!! so enjoyable to watch

Thank you Dave Ramsey

Thanks for this video was really helpful

Some ready-to-eat grocery store food is quite expensive; as much as a restaurant might be. Frozen pizzas seem less expensive, but they're small as well so you need two if you have a family and it's not all that much cheaper in the end. Homemade pizza is not hard at all if you use an easy sauce and pre-sliced cheese. I can do it (making my own crust) with less work than pick up, and only a little more than delivery (while delivery is probably 8-10 times the price when you count the tip). Certain fast-food choices are probably pretty affordable if you don't overeat, but they are also quite unhealthy, so that costs megabucks in the long run. For the same price, you could cook very healthful and delicious meals at home for only the same amount of effort as driving to the place and waiting in the drive-thru.

“Don’t go grocery shopping when you’re hungry” 😂 mehn! so true!! I’ve fallen a victim of this multiple times and gotten things I don’t even like eating 😂

Big thing I do when shopping is when I’m done I take my cart and go to an isle no one is in, and take inventory if I really need everything that’s in the cart. Most of the time I find things I can put back.

I’ve been unemployed for quite some time now. So thankful we are in a decent position

$72k a year is $3k per paycheck BEFORE taxes in Alaska. Take home is more like $2500 -- after federal tax, social security, medical.

After I wrote down all my monthly expenses to the penny, I started the rice and beans, beans and rice diet hahaha! Kidding aside, seeing the numbers on my spreadsheet made me not buy sh*t I don't need and I was able to save for emergency fund. It makes all the difference in the world knowing you will be safe while looking for another job.