1. Believe it is possible. 2. Don't wait for money. 3. Make this the life change you want most 4. See the benefits of owning less. 5. Sit down and do the financial math. 6. Admit that you probably spent more on non essentials. 7. Put your savings into a different account. 8. Embrace a no spend period. 9. Don't be afraid to consider drastic changes. 10. Be gentle with yourself and give yourself time.
@brendasparks6234 Жыл бұрын
Thank you.
@juliemarkham4332 Жыл бұрын
#2 had the most impact for me.
@brain4thoughts Жыл бұрын
I agree with all 10👍
@AbbeyStorm Жыл бұрын
Americans make plenty of money. We're so rich by most countries' standards, yet we're constantly comparing ourselves to people who have more, so it's never enough.
@Exxon300 Жыл бұрын
True
@MK-hh1vo Жыл бұрын
Who are we comparing ourselves to? Who has more money than Americans. We may seem "rich" but our cost of living negates that illusion. It's expensive to live in America.
@joycecarr1661 Жыл бұрын
In some instances. Everybody in America does not make real money
@cassandracox855411 ай бұрын
This is true, one medical bill or car repair payment wipes out those couple of thousand bucks that took many months to save.
@galbalut9901 Жыл бұрын
I don’t eat out. Buy my food at the produce section of the grocery store. Huge savings by doing this one thing.
@unpredictable913 Жыл бұрын
I do too. I can make a dinner both healthy and delicious by buying my food at the produce section of the grocery store.
@vaness909 Жыл бұрын
I get all mine at the butcher. Skip the grocery store altogether.
@sweetcandy3525 Жыл бұрын
The NO SPEND period really works! I'm on my debt free before retirement journey right now and I started doing the spending freeze in January 2023. For almost 6 months now I've only been spending my income on food and bills. NOT buying anything else!!!I do a budget on food and really use up all stuff in the pantry and fridge before doing my grocery ON LINE!!! No more grocery shopping in the store! I have a strict shopping list of essentials only! I also stopped buying bottled water and started making my own bread and pastries. It's just so amazing to see more money coming in towards savings and paying off debts!!!
@kellywade82755 ай бұрын
I never got why folks buy bottled water, as it is not regulated and there are filters everywhere. I, only buy carbonated , occasionally at Trader Joe's for 99 cents per 33.8 ozs.🤷🏾♀
@GoodGriefCB Жыл бұрын
When I got paid I would pay my tithes. Then I put 10% in savings. Then I paid my bills. What was left in my account I could spend. However, the day before my next check was deposited I would move what was left to savings. So a lot of times I would talk myself out of buying some stupid thing so I would have more to put in savings. Hope this makes sense
@k4xxxminecrafter792 Жыл бұрын
Smart
@albyantony1853 Жыл бұрын
Woww
@beccismith4454 Жыл бұрын
Great idea 💡👍🏼
@eleanorvanrooyen9335 Жыл бұрын
Great idea that l will apply!
@ONLY1KUDWE Жыл бұрын
Makes total sense and is a great strategy. Thanks for sharing it.
@MarkelBeverley Жыл бұрын
I'm a (single) 27 year old clinical psychologist. I make close to $100,000 per year and I drive a pre-owned 2012 Toyota Prius (Great condition), I live in a $1,500/ mo Condo in NC and don't wear names brand clothes. What you speak of is true sir. Also the strategies and practices you mentioned have definitely helped me save over the years.
@squeak07HK98 Жыл бұрын
Thank you for sharing this. So helpful
@kellywade82755 ай бұрын
Anyone with six figures has no problems. Please cut the 💩.
I live in somalia Mogadishu for me if I get paycheck to paycheck it will be Iike I life in the heaven because we are facing hard times extreme poverty drought fighting no consistent electricity no safety no medical but I am looking upward and thinking where I can survive. that my kidneys are beating like my heart because of empty stomach and some times long time you don't get food but when you found that food you vomit But at least i have hope because I am not dead
@Cheif_Runs_with_scissors Жыл бұрын
Sending love and strength to you my friend ❤️
@habilgaraad2441 Жыл бұрын
@@Cheif_Runs_with_scissors same to brother
@brain4thoughts Жыл бұрын
Sorry to here that😮💨 praying for blessing to come your way
@BigSmashKing Жыл бұрын
Please trust in Jesus!!
@KyRoTV91 Жыл бұрын
🙏🏾🙏🏾🙏🏾
@jennifershaw4756 Жыл бұрын
Minimalism totally changed the way I spend money. I really question the value of anything I am buying and whether I want this item in my house. There are many questions I ask myself and so impulse spending doesn't happen anymore. I love living a minimal life where I either love or need everything I own. Great information in this video. :)
@Bobblers07 Жыл бұрын
Agreed, it makes life so much less complicated.
@EasyPeasyVegan Жыл бұрын
Saamee! I got into minimalism videos in 2020 while working overnights as security at work. Unplanned, but they stuck with me and I began implementing minimalism into my life in 2021. Have sold and donated quite a lot
@nicky4442 Жыл бұрын
The no-buy month turned into many for us! It was so eye opening and motivating.
@aparnaamkulkarnii5130 Жыл бұрын
I did a no buy clothes for 2.5 years durig the pandemic 😃. That's because during the lockdown i realized i had way more clothes than i needed 😐😅. I also decluttered a lot and used your tips for doing so. Believe me i felt so light in life.
@leahrenea2709 Жыл бұрын
What opened my eyes was a friend who makes 4 times what I do and doesn't have a mortgage but is still paycheck to paycheck. That was my lightbulb moment. I also only get paid once a month so learning to budget was necessary. I now have a savings though not much (work in progress) and she had an emergency and had to borrow from me.
@sct4040 Жыл бұрын
What a shame, I hope your friend learned from it.
@candy23257 ай бұрын
I’ve been budgeting per paycheck for years and it’s become ingrained in me that I feel weird if I don’t budget. I know every dollar that comes in and goes out and I have zero surprises when something is due because I saved up for it. I get paid weekly and I divide my bills by 4 and set that amount aside and when the bill is due I have the full amount ready ..that’s been the biggest game changer because I keep a good portion of my paycheck to allocate money to other expenses, debt and savings
@bcusaaus4749 Жыл бұрын
I lived paycheque to paycheque for decades and never thought it was possible to be out of debt and have savings. I know now it is possible and I learnt is not about increasing income, it about stop spending on consumerism. Finally after being stupid, I changed 4 years ago and now live off such little money and have so much saved. I got it and it’s possible. Renew your mind.
@raquel5401 Жыл бұрын
what started as a want we began to think of as a need---yes, this right here, I realized it when my Amazon purchases were turning into 500 a month...and I always thought of that as where I got "necessities". I am on a spending freeze from there for the next 90 days, and I will see if I ever think it makes sense to go back
@kendrarhodes6425 Жыл бұрын
I usually wait a couple of days before ordering something that’s in my cart. It helps me spend less as I think about “do I really need/want that item”? I click “save for later” a lot.
@calsannepotgieter4200 Жыл бұрын
I do a low buy. I look at all the areas where I spend most and put a limit on it. For example I love bubble teas but they are $8 a pop. And If I bought one every day I would spend half of my monthly income. So I limit myself to no more than 2 a week. With my clothes I limit myself to no more than 10 new items a year. I have a capsule wardrobe and this is enough for me to replace things as they wear out and occasionally get something just for fun. I've been living like this for a few years and now it comes naturally for me to be aware if I'm going over my limits. It has been a trial and error process but has made a huge difference to how I manage my funds.
@laurasagan2606 Жыл бұрын
Great ideas
@danarzechula3769 Жыл бұрын
A system you can actually use is better than one so strict you end up abandoning it. Sounds like you have set yourself up for success!😊
@DavidDavisDH Жыл бұрын
I use to be like this I was younger, now I'm way better with money. I'm just not impressed with a lot of material items anymore. Having a budget and having patience is something I had to practice over time.
@mauraronda1265 Жыл бұрын
Buying less requires lots of self discipline. It’s not that easy but wow will make you feel better. Thank you I needed this video.
@sharonfarnsworth3325 Жыл бұрын
I am not living paycheck to paycheck but am feeling the squeeze from higher food, utilities & gasoline. I looked at my budget constantly & finally realized that I was paying too much for cable, internet & home phone & cell phones. It is a pain to have to renegotiate yearly but really saves money. After watching many of these financial KZfaqs I have really been spending a lot less discretionary income & saving more!!! I already cook mostly at home & follow most of the rules. There really always are places in the budget to cut & pay yourself first really works also. No buy spending experiments make you realize how much extra you really spend.
@brain4thoughts Жыл бұрын
So true 👍
@nbo9026 Жыл бұрын
Thanks for this content. I love your gentle but firm style. This is a topic that is so stressful and shameful. Frugality can be fun. Don't think I'm poor. Think I can do better and keep working toward your goals. Financial planning should be a more open topic. 😊
@minimalist5555life Жыл бұрын
My budget update I do 10% tithes , 40% savings now I am debt free, live on 50% which includes rent.
@kellywade82755 ай бұрын
I love The Lord but tithes is undoable for me and the guilt and shame because I can't is something I am better off without.🤷🏾♀🙏🏾
@phillawson5785 Жыл бұрын
Living below your means" adjust your lifest, be frugal, budget, save and invest. This helped me out as a 6 figure earner. I've grown over a million in retirement savings with this method
@georgenoah4872 Жыл бұрын
The term HENRY. Is really so hilarious. Sadly there's actually people living paycheck to paycheck
@maxdmitry1912 Жыл бұрын
Great Job man. You said it all right there!
@maxdmitry1912 Жыл бұрын
the term Henry is so funny. I literally laughed whenever it was mentioned in the video Ps: my first time hearing it
@louis-freddieceaser8811 Жыл бұрын
Ceaser NC, 32. I Just started at my six figure job after being in and out of the poverty line. I really hope I don't end up like this. I'm scared really scared!!!
@phillawson5785 Жыл бұрын
Don't panic, start out easy, don't buy things you don't need, budget every money, always save a portion of your pay atleast 5%, Invest from your pay check; it grows and helps you accumulate wealth easily.
@lot219610 ай бұрын
Cut up your credit cards, never, ever enter a Starbucks. Buy a cheap used Honda or Toyota and drive them till the wheels fall off.
@Myworldmymind9084 күн бұрын
For me that's a Dodge Caliber 😁
@silverflame_firebug Жыл бұрын
For a long time there was an awful lot of month at the end of the money. Some of it was due to circumstances, some of it was due to bad decisions, but when I finally made up my mind that I didn't want to live like this anymore and asked for help, it changed my life. I think, however, that it is important to acknowledge that sometimes one's circumstances are, in fact, actively working against them, and that it really is a systemic issue that needs to be addressed.
@brain4thoughts Жыл бұрын
Right 👍
@charlenebrissette3348 Жыл бұрын
We have two and a half years of living expenses so far.
@nancyelizabeth8364 Жыл бұрын
Great job
@aipanart Жыл бұрын
That's awesome. How did u manage to save that much.
@charlenebrissette3348 Жыл бұрын
@@aipanart By saving a dollar here and a few dollars there over the last four years.
@charlenebrissette3348 Жыл бұрын
@@nancyelizabeth8364 Thanks, hard work but well worth it.
@brain4thoughts Жыл бұрын
Great job 👍
@unpredictable913 Жыл бұрын
By following your advices, I was able to pay the total balance of one credit card last week. I'm now working on my second one ,the last credit card. Thanks for your videos!
@vickiewilkins157910 ай бұрын
I learned the reverse budget where you set your priority for the year and pay yourself first, then put the rest on bills and what is left over at the end of the month put into your emergency fund.
@LorreneRomanic Жыл бұрын
Years ago we went from living paycheck to paycheck as a 2-income family to living paycheck to paycheck as a 1-income family. It was a leap of faith to stay home with my young children, but totally worth it. Many people told us it was impossible to live on 1 income, but we proved them wrong. 😁 Eventually, our only debt was our mortgage. It was never easy, but still worth it!
@xpsxps1339 Жыл бұрын
Definitely!
@brain4thoughts Жыл бұрын
👍
@ritaseymour8116 Жыл бұрын
Thank you for helping people.
@bigload68 ай бұрын
Awesome video! In New Zealand a lot of people live pay check to pay check, so I decided I'm going to be jumping on the path to my financial freedom now. Have two credit cards to pay off! Going to update this each month on how I am going! Already started savings into separate accounts that dont have cards and I cant transfer out of instantly, so no chance to spend it. Going to try a no buy month in January (expections on gym supplements and swims. as sport/gym is important and need to stay fueled and injury free)
@tenor335 Жыл бұрын
It’s both. Our financial way of life absolutely needs to be blown up, but at the same time, people also need to be more responsible. I know for a fact that there’s a lot of people that simply don’t make enough money. I make roughly 100K a year and in California, rent prices alone eat up almost 3/4 of what I make. Throw in dependents, and other financial obligations and it’s easy to end up in the negative. It’s definitely not one size fits all. It’s both.
@marym346 Жыл бұрын
I dont know anything about you other than what you've said, but I'd say you've overextended yourself. My response is that you need to move. Move to another state where rent and taxes are lower OR move to a smaller home. Children don't need their own rooms unless they're the opposite sex; bunkbeds are a great option for them. You don't need a guest room (guests can stay in a hotel). Downsizing is the best way to start. Our system doesn't need to be "blown up" except for the government overtaxing the crap out of us. Our government (local, state, and federal) need to start being fiscally responsible. People should get more involved in their local government and see where the money is going. By law, you have to be given a copy of their budget if you request it. The only exception seems to be the one that matters most, our federal government’s budget - mostly because they haven't had one in almost 25 years.
@AshaMae Жыл бұрын
@@marym346a 2 bedroom in southern California is $3200 a month. When you have children it's not easy to just uproot them and move to another cheaper state. I'm not saying it can't be done though.
@lizziemcdougall2767 Жыл бұрын
To cut costs, aim for zero food waste. Even though food prices are rising, careful meal planning and having a goal of eating all of the food that you buy can lead to significant savings. For me, the most expensive food that I purchase is the leftover stuff that I throw away. We have saved money by doing this. Thanks for another great video!
@JoshuaBecker Жыл бұрын
Ahh, very interesting idea. I bet you're right! I've never even considered that fact - it's such a subtle expense. According to my quick research, 'the average American spends nearly $1500 per year on food they'll never eat, according to new research." You are totally right!
@leastidyworld4365 Жыл бұрын
It’s so hard, I am now aware that I make excuses for shopping but everything I want seems so awesome, it’s very hard for me to let go.
@TinyFlav Жыл бұрын
I really enjoy your videos and need to continually watch them to stay on track or 🐿, i loose focus.
@swingdancer49 Жыл бұрын
So Joshua, what can we seniors only able to live on social security supposed to do? We have already pared down to basically only essentials, so we are in a different group than what you describe...and with rising costs, I definitely have cut back on everything I can think of. I know this is not a group you normally recognize in your minimalism habits, but would like to know if you have any thoughts on this...Thanks from Wanda in FL.
@TheyCallMeJTK Жыл бұрын
Get a side hustle
@USSHammerology Жыл бұрын
I save one paycheck a month. When I was younger and lived with my parents I saved 3 paychecks a month. Everyone around me is always hurting for money. I just tell them so am I.
@sreed8066 Жыл бұрын
Inspirational as always. Thank you for sharing.
@sdgirlCook Жыл бұрын
Thank you! We move to San Diego a couple of year ago and it was great, but we feel like living here doesnt allow us to travel as we used to and save some money. We think we will move after our lease is over. Looking forward to that!
@bratsmom6749 Жыл бұрын
I'm retired now, but toward the end of my earning years, I heard a talk about saving. I took 10% of gross pay and put it into savings and 10% for tithes. In months when I could, I put 20% into savings. When there was a layoff, I was able to still pay my mortgage and utilities, taxes and food. It was tight, but I survived with the help of part-time jobs until retirement was possible.
@Sorana44 Жыл бұрын
I need this thank u
@suedee994 Жыл бұрын
Great list Joshua! #5 is key. For years I adopted the "ostrich philosophy" of buying my head in the sand when it came to truly looking at our finances (and I was the household CFO! Yikes!) When I started seeing that we were in the red I knew changes needed to be made. After the past decade we've done a much better job of living within our means and saving for retirement by paying off debt ala Dave Ramsey's method. Along the way I found you, adopted minimalism, and rarely spend outside of essentials. Staying on budget is a fun challenge for us, and we don't really lack for anything. Also, I have to say I chuckled at the clips of "shopping for black t-shirts". As I long time follower it was funny, lol!
@brendasparks6234 Жыл бұрын
Great advice thank you thank you
@millies.8810 Жыл бұрын
You reminded me of thinking outside the box. We get used to whatever circumstances and give up our power to change them. Great reminder to keep to financial goals.
@brain4thoughts Жыл бұрын
I agree 👍
@soniadaly2001 Жыл бұрын
Thank you
@sct4040 Жыл бұрын
I got 10% deducted from my paycheck before I get my direct deposit. 10% goes into my 403b with an employer match. I lived on what’s left, saved for vacation and my wishlist of furniture, etc.
@tressalewis7004 Жыл бұрын
This is so encouraging! I am on a low spend no spend year in hopes to get the mortgage down to very little By the end of 2023. Keep the encouragement coming less is more ;-)
@SofiAlexV2 ай бұрын
Thank you very much, these are great recommendations❤
@Sabiha-30 Жыл бұрын
I will be honest I don’t spend a-lot on buying ‘stuff’ in the house except a few things here and there.. however I do spend a lot in travel… 👀
@tammya5403 Жыл бұрын
If you’re talking about traveling the world and not talking about local transportation, that’s way more fulfilling anyway in the long term. Experiences last forever, “stuff” does not.
@danarzechula3769 Жыл бұрын
Experiences over possessions sounds good😊
@kakylong2 Жыл бұрын
Joshua, Great video! We were like this several yrs ago. Then I started saving $1, then $2, then $5, & I continued saving whatever possible to put towards our credit card until we were out of debt. It took years to get out of debt & pay off our house, but it has been so worth it. It's nice to be able to give to help others.
@arlenekeith6235 Жыл бұрын
I'm on a fixed income, retired. You make some good points that anyone can follow. One just needs to decide the best way to save for themselves.
@brain4thoughts Жыл бұрын
True 👍
@xpsxps1339 Жыл бұрын
In February 2022 I decided to have a year of no spending except for the basics = housing (which is very expensive where I live), groceries, cleaning supplies, internet, phone service, etc. to see where it could get me. My small experiment lasted until the previous November when I started shopping for Christmas - mostly for my family and friends. And even with some health and family issues that unfortunately occurred last year, I saved way more than ever before. The extra expenses were significant, but thanks to my savings they weren't a killing burden, and I'm pretty close to the goal I originally set for 2022; I have more in my account than ever before. Therefore I know, what Joshua said is feasible, so, please give it a try! And the best and most surprising thing - it was less painful than I expected.
@kimking3466 Жыл бұрын
Thank you for another helpful and timely message. I have a spending plan, and I often wonder what I did with the discretionary money. Unfortunately, I have never gotten into the habit of saving. I will try again, with more intention and regularity. Using a separate account is an excellent idea! If I don't see the extra in my main account, I would be less inclined to spend it.
@lynbob1872 Жыл бұрын
I earn £12,000 a year in the uk and I live well. I wish I did earn more because I know I could have a good pension. USA wages are crazy most British people are on £20,000 a year.
@claris4799 Жыл бұрын
I am considering moving out from Florida. It is a hard decision, but Florida is getting to crowded and expensive
@nwatson2773 Жыл бұрын
SAME, rent is $1600 for a 1 bedroom or 1,000 to rent in someone's home!
@grit1679 Жыл бұрын
_Everywhere_ is crowded and expensive.
@brain4thoughts Жыл бұрын
Great video 👍realtalk
@adietransom2752 Жыл бұрын
Thank you Joshua, this is really great advice for a world that is stressed by increasing costs. Doing any one of these 10 steps will help to take back control from an industry that is built on making us think spending is good! I enjoy your videos, keep them coming!!!
@brain4thoughts Жыл бұрын
👍
@NewCreation6123 Жыл бұрын
Joshua, I have a 35 year old son who has a full Tim's job. He lives with my husband and myself.. How much should he be contributing to the household bills ?
@CampsitePyro Жыл бұрын
33% However, you may come to a different arrangement depending on your financial situation, and how much you want him to save. Personally, I think there is no problem with living under the same roof as adults. Yes, there will need to be an understanding between parents and adult children, but overall, there may be a benefit for everyone financially speaking. I hope my young children opt to come back after college so they can start their careers and max out retirement accounts, savings, and remain debt free. We’ll see what happens.
@morgantaleb9707 Жыл бұрын
As I've gotten older I like to have a cushion of money that I keep just in case it has saved me stress so many times.
@brain4thoughts Жыл бұрын
Same here 👍
@GratefulDeb270 Жыл бұрын
I photograph things I think I want to buy. Oh my… I hardly ever go back & buy them!
@budgetfoursuccessАй бұрын
Love this video. 👏❣
@brandhark7935 Жыл бұрын
GREAT TIPS here!
@raccooneyes2099 Жыл бұрын
cinnamon rolls lol omg i dont know why but that made me crack up.
@brendafarris7350 Жыл бұрын
Excellent video
@minimalist5555life Жыл бұрын
What are your thoughts on the cbdc
@jayssharing1844 Жыл бұрын
Thanks you.
@MusicMotivator Жыл бұрын
Love the fade out shot! Where is that?
@AshaMae Жыл бұрын
2 years ago all of my bills could be paid in 1 check. Unfortunately, im now paycheck to paycheck. It wont always be like this but it definitely makes me feel very uncomfortable for now. Theres no room to trim fat.
@eddiestilll Жыл бұрын
a saying that i always really loved was "we work to live, not live to work". :) and living pay cheque to pay cheque definitely sounds like living to work.
@brain4thoughts Жыл бұрын
I agree 👍
@trekkie-cat Жыл бұрын
A second account to save money is a Godsend!! Highly recommended!! 😊😊
@susanaduarteraposo7 ай бұрын
How you are SOOOO right… thank you so much for your insights and not so radical tips
@lynetteb5544 Жыл бұрын
I truly appreciate this video and how you define reality bumps in the road to financial freedom. Thank a million 😊
@MsDoglover02 Жыл бұрын
Thank you for this video! I needed to be reminded to pull back on my spending. I did a no spend in January and put extra $ toward a credit card but my emergency savings is not where I want it. Adding one paycheck is a great goal that I will work toward for the remainder of this month. March is actually a 5 paycheck month for those of us who get paid weekly!
@brain4thoughts Жыл бұрын
Thanks 👍I did know that it's 5 check this month
@cindyhughes4599 Жыл бұрын
What a great video
@suzannederringer16073 ай бұрын
Moving to a lower cost-of-living place - possibly across country - would be expensive in itself. You have to figure that moving expense into your living cost in the new place, say for the first year. Long distance moving ain't cheap. I know because I'm trying to decide anout this for myself right now. Also - unless youre living in a really expensive city - NYC, Boston, Miami, LA etc - most of the US isn't going to be a great deal cheaper than where you are now. Housing costs are up everywhere.
@gypsybelle4757 Жыл бұрын
I like the idea of starting with a one pay check savings goal, then progressing to 1 month’s expenses, then 3, 6 etc. Thanks for these tips!
@claudiamariebermudez67279 ай бұрын
Buy only what you need not what you want
@minimalist5555life Жыл бұрын
I love owning less , I live in australia
@FuzzyGreyPenguin3 ай бұрын
Too many blue collar workers believe that because they don't own a bunch of luxury items / fancy expenditures (e.g. brand name bags, fancy vacations, fancy cars, a house) means they aren't living a lifestyle of luxurious convenience -- paying $3.99 at Arco / 7-11 for a bag of chips you could have gotten for $0.50 in bulk at Walmart is a luxury. Choosing to not take 1 hour out of each month to draft a rough budget of how you plan to spend the next month's pay + how much to set aside as savings & emergency $, is a luxury (responsible people cannot mentally 'afford' not investing that 1 hour). Choosing to not discipline your kids and teach them how to TRULY budget & why mom and dad CANNOT take them to 7-11 is a luxury the easier route than shelling out $10-25/m per kid as their 'allowance' and allowing them to blow it on overpriced snacks or video games they don't need, especially when the kids' priorities are not straight (worried about the next game instead of the B they should turn into an A). The biggest hurdle I see is when parents dont' realize they are teaching their kids to live paycheck to paycheck when they're giving an allowance to their kid who then spends 100% of it, vs. teaching them to put 1/2 or all of it in the bank.... mom and dad are already paying the essentials right? And when mom and dad allow the kid to dip into the next month's allowance so they can get something they realllllyyy want but don't have enough $ for... that's called teaching your kids to ask for advanced pay for something they don't even need. Parents complain that schools don't teach money management... but the same parents don't realize they are the ones teaching their kids how to be financially irresponsible.
@suzy1676 Жыл бұрын
Excellent ❤
@salve1185 Жыл бұрын
#4 really got me😊
@LorreneRomanic Жыл бұрын
In regards to the comment about the average person spending 1500/month on non-essentials - I bring home less than that per month, so I know I don't spend that much on non-essentials 😊 I'm curious if there is a stat which refers to a certain percentage of our monthly income instead of a dollar amount spent on non-essentials?
@paulinegagne-bertrand9871 Жыл бұрын
I did a no spend month in January and I was very pleased that I succeeded. I plan on doing another no spend month in the near future. Good video and advice. Thanks"😊
@brain4thoughts Жыл бұрын
Congratulations 👍
@erikahollmann6692 Жыл бұрын
Great!
@distaff2935 Жыл бұрын
Keeping a budget is a virtue in itself.
@brain4thoughts Жыл бұрын
I agree 👍
@Michelle-by9fp Жыл бұрын
Moving money out of the main account into a savings account only helps if both people keep track of what’s left in the account. If one just swipes away without knowing or caring then it’s not helpful 🙁
@ludwigvonmiseswasright4380 Жыл бұрын
If you are the "saver" in the family, consider increasing tax withholding, or 401k contributions (make sure you can take 401k loans for the next big purchase). That way, you will have a savings plan that is truly difficult for a spontaneous partner to spend.
@allardvanderstarre5238 Жыл бұрын
good video though, kudos
@frantucker608 Жыл бұрын
I like that small goal to start, thanks, that'll help.
@lunalotus Жыл бұрын
Thanks, I really needed to here this today :)
@juliemarkham4332 Жыл бұрын
Good points, Joshua. I do have one paycheck in an emergency fund but that's it.
@yinyinminimalist Жыл бұрын
Thanks for the video. By the way, you look like a mix of Jim Carrey & Andrew Garfield.
@9FatraBbits Жыл бұрын
Really liked this video. We have been so programmed to spend and accumulate. I did a no-spend year last year and payed off my credit card. Also I recently started to track my spending and figured out what I actually needed! I’m on a fixed income but have a goal to build up my savings. Thanks for insights.🐇
@time2play43910 ай бұрын
Where did u get the photo in the background from?
@martinmusokem576511 ай бұрын
But many people teach that its not good have bank accounts .whats your take on that?
@eleonorazaharija5262 Жыл бұрын
You Americans are really lucky to have such high salaries 😢
@minimalist5555life Жыл бұрын
Could you a spending plan layout where we can download free
@redouteshabby2024 Жыл бұрын
I have tried these steps many times but the emergencies keep coming before I even have accrued an emergency fund. A $350 Vet bill, a $250 plumber bill for a leaky toilet, a $200 copay for a tooth extraction...not to mention car repairs. Am I just unlucky or is there some way I can make room for these unexpected expenses?
@acpfeiffer6057 Жыл бұрын
The video mentions that if your regular expenses exceed your income, then you need to adjust your life to reduce those. I think that could apply here as well.
@JohnDoe-wi7eb Жыл бұрын
Take a shot every time he says “paycheck to paycheck”
@alicewalker1285 Жыл бұрын
lol no frfr :D
@anonymouss89258 ай бұрын
I def don't spend 1500 on non Essentials lpl but maybe 800, yes
@annabellecork8487 Жыл бұрын
Brilliant !!!
@debralynnbailey6527 Жыл бұрын
I’m a CNA I have seen rich people save all there life to pay out everything they have for there spouse home care took it all 😢😢😢😢😢😢😢
@clairbear1234 Жыл бұрын
Yes, the system is broken, yes many of us could do better but we can’t forgot that many people have more extreme circumstances than he lets on
@GratefulDeb270 Жыл бұрын
At least they had the money for home care. ❤
@GilliMarieMoody Жыл бұрын
Cut back on spending-my disability cheque? With respect, (1) someone else now pays my rent (and food!) so, I can exist. (2) Someone else bought me a used car so I could get some applicable work. (2) Someone else bought me a computer-again, so I could get some doable work. There’s no “cutting back”; there’s acquiring angels🙏🏽 who, frankly, got tired of me regularly asking for help so, chose to deal with the situation resoundingly.