when living below your means seems *IMPOSSIBLE* (how to get by)

when living below your means seems IMPOSSIBLE (how to get by) | MONEY SAVING TIPS

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Here are a few money tips to give your budget and finances a little breathing room when living below your means (or within your means) seems impossible.
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Education, ❌NOT❌ Advice

Пікірлер: 101

@claudiaross239 9 ай бұрын

Once I bartered with a coworker. I knit a baby sweater, she gave me jars of newly homemade Italian pasta sauce. We were both happy but other coworkers thought it odd. I reminded them that bartering is actually a time honoured way of exchanging goods and services.

@tonyarmoore894 8 ай бұрын

I love bartering. As long as both parties get a true benefit, it works perfectly.

@darrinm486 9 ай бұрын

I make $95k I purchased a travel trailer $400 per month. Lot rent $450... I am alone but damn I have more in the bank.

@jariahpro 9 ай бұрын

Her videos have a flavor* of precision that I completely appreciate, especially knowing how skilled one has to be to execute informative financial KZfaq videos that do not insult the intelligence of the viewer. She is both enjoyable to watch and learn from. ✅

@thebrokenwallet 9 ай бұрын

Thank you, I appreciate it and the support! 😀

@carladavis2587 8 ай бұрын

I agree

@lynettemiller7912 8 ай бұрын

I second and third that!

@blessingknowseverything9609 8 ай бұрын

@@thebrokenwalletI love how you had no intro straight to it

@debbiewang5751 8 ай бұрын

I lived in California. I think the ideal way first is to "Downsize" I bought a Tiny House and pay monthly rent for parking space plus utility is still way cheaper than $2,000 monthly rent. Instead of getting a 2nd or 3rd job to increase your income or save $100 here and there, that won't help much only adding more stress because you are mentally and physically drained.

@user-tl6nr8yn8d 8 ай бұрын

Leaving below your means is good living, that always been my way, because I do not like financial problems, without solutions, leave a simple life, and pay your bills on time, is The way to go 👍🏽

@fatimamanneh9432 9 ай бұрын

Living below one’s means is a learned habit that I have been doing for years must pay off debt which I did saving for retirement & a emergency is a must

@danicegewiss862 9 ай бұрын

We paid off our house last week. The credit card debt is gone as well. My money works harder now because it's being invested.

@keekee8760 9 ай бұрын

Congratulations 🎉

@thebrokenwallet 9 ай бұрын

That's great! Congratulations!

@katherinee2389 9 ай бұрын

I appreciate you acknowledging the reality of the rental prices. Some people in the finance world seem completely disconnected from the reality that people are navigating most of their income just on rent due to the housing issues these days. Your tips combine finance principles with the reality of people's lives. Thank you!

@thebrokenwallet 9 ай бұрын

You're welcome. Hopefully something gives soon, I know quite a few people who've had their rents increase by $600 to $1000...in just one year. It's crazy.

@stacy-annmorgan6685 9 ай бұрын

My car insurance renewal came due and the company tried to sell me a $4000+ policy. I was like not today. I had a goal of 1500 for my half of the insurance. I looked around and got just a little under $3000. I’m not a person to shop thrift stores but I sure will shop clearance. Found new jeans for like $3 etc.

@Mrsmetamorphosis2012 9 ай бұрын

Easiest is cut food budget. Buy only needs on sale n clearance n make it work. I shop at lidl n aldi. N utilities. U can do that today. Moving is hard. N cut all frills.

@Peg38542 9 ай бұрын

I live in Northern New Jersey and ugh it is awful. My husband, daughter and I rent a 2 bedroom and can't afford the homes around here, but our rent keeps going up. :( so discouraging.

@charletfoster8917 9 ай бұрын

Agree, the Tristate area is very expensive

@charletfoster8917 9 ай бұрын

Thank you, your video is so refreshing , a lot of us can’t live below our means, b/c our overhead is so high👊🏿💯🙏🏿☺️

@deanaderrick3474 8 ай бұрын

I love the suggestion. I would love for my landlord to agree to reduce my rent by 10%, yet we live in a world right now where your rent might get raised 10% for asking. Electricity, yes that's possible. Food, yes. Solid waste disposal, no. Rent, no. Health insurance, no. That's a lot of nos.

@sabrinavang8024 8 ай бұрын

Landlords have bills to pay too and renters sometimes forget and think Landlords are millionaires. They live paycheck to paycheck trying to make the mortgage on it, they pay insurance on it and taxes as well. You can't live in someone else's house for pennies on a dollar. By the time they pay all the high expenses to keep that home for you to be able to keep renting it, they make next to nothing really. And dont forget the repairs etc.

@PenniestoDollars 9 ай бұрын

Budget billing didn’t work for me. The electric company had $1500 worth of credit and wouldn’t let me use it unless I cancelled the program. They were charging me way more than I was using after my son moved out 2 years later.

@kenyonbissett3512 9 ай бұрын

I canceled being in the program, used my credits and then went back on the payment plan. Who wants a $1500 credit. They aren’t a savings account.

@PenniestoDollars 9 ай бұрын

Exactly!!! Especially when you cannot use it when you want or need to.@@kenyonbissett3512

@thebrokenwallet 9 ай бұрын

Sorry it didn't work out for you.

@angelaburress8586 8 ай бұрын

It usually doesn’t work for people it just exasperate the problem 🤷🏽‍♀️🤷🏽‍♀️💁🏽‍♀️💁🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️

@DavidEVogel 8 ай бұрын

When summer arrives and you turn on the air conditioning, your electric bill will triple. That $1500 credit disappears fast.

@fatimamanneh9432 9 ай бұрын

No landlord will reduce rent in Washington state

@Carolmaizy 9 ай бұрын

Yes- that's not happening in Massachusetts either.

@dclaiborne4085 8 ай бұрын

Or Vegas

@justand928 8 ай бұрын

I stumbled across your channel and love the content so far! You are so right about negotiating with the Landlord. I have been in a leased Condo since 2015-it was brand new at the time. 3br, 2.5ba, 2car garage Townhouse. Ive always signed a 2yr lease, I pay on time and I have not had any appliances replaced. Everything is still in new condition(I’m OCD). Landlord said because of the tenant I am, I pay the cheapest out of all his tenants. I still pay under $1400 where as others are in the $1800+ range. It does pay to pay on time, I can do that because I live well below my means.

@angelastewart9497 9 ай бұрын

The only thing I know I can try to reduce is my food bill & lights . Everybody else wants full pay

@jamesw8951 9 ай бұрын

Great video! Makes you think. Keep up the good work!

@FIRE_DrNinjaTurtle 9 ай бұрын

Your channel is the best. I love your consistency

@tonyarmoore894 8 ай бұрын

I love these cost and budget saving tips.

@nappyqueen86 8 ай бұрын

Refreshing video with good advice.

@marydawkins2673 9 ай бұрын

A great video!! Thanks for sharing 👍

@thebrokenwallet 9 ай бұрын

Thanks for watching!

@robertamazyck1861 9 ай бұрын

This was really great. Thank you for the tips 😊

@thebrokenwallet 9 ай бұрын

You're welcome!

@FineNaturalHairROCKS 8 ай бұрын

Your video is so helpful and well timed given the direction of the economy! Thank you for posting this video!

@thebrokenwallet 8 ай бұрын

You're very welcome!

@user-df2ml7yd5r 8 ай бұрын

👍I truly value your content You always bring something to the table I have implemented your money tips Which contributed to me making better money decsions Appreciate your much needed service! I agree Budgeting on essentials important as well

@GEAUXFRUGAL 9 ай бұрын

I was looking at a fan I saw by the road. Get the fan home it's functioning. Not perfect but you need a fan in a spot this is Free. IDK about you but Free stuff can be really affordable. When I looked in the can they had a great shape instapot. Missing cord needed to be cleaned. Those pots are worth $25 all day long. Want to give a great used gift give pressure cooker. Most working counter help in my town are really struggling and a bike and a pressure cooker can give them hours back they were investigating in cooking time and walking time.

@kevinmoore9524 9 ай бұрын

September 23, 2023 This is a helpful video. Thank You.

@thebrokenwallet 9 ай бұрын

Glad it was helpful!

@GEAUXFRUGAL 9 ай бұрын

5 years ago I bought a Slum for $12K cash. I'm not rich but I have all I need. I was saving $1K a month but took a month off of saving. But I'm planning to save as much again IDK what I'm saving for but really thinking about investing it until I get a good goal. .

@economicdevelopmentplannin8715 8 ай бұрын

What city? Baltimore?

@autobotdiva9268 9 ай бұрын

Packing lunch & ravioli saves $$

@cmjames1047 9 ай бұрын

Great tips!

@thebrokenwallet 8 ай бұрын

Glad it was helpful!

@theonlypick 8 ай бұрын

Great Video

@debbielovett3087 9 ай бұрын

Didn't think you could negotiate rent. No spend months can be helpful as well.

@M_SC 9 ай бұрын

There’s a book called you can negotiate anything. It’s not quite true but it’s a useful book. It’s not about manipulation

@kenyonbissett3512 9 ай бұрын

My niece stayed in the same building but to save on her rent would move every year to get a better rent. Worked well for her and her roommate.

@diverstalent 8 ай бұрын

Thanks

@inthebeginningwasthewordsp9274 8 ай бұрын

Thank you 🎉

@thebrokenwallet 7 ай бұрын

You’re welcome 😊

@Carolmaizy 8 ай бұрын

We drive old cars. I got a call from the insurance company that my 2024 bill would be 700. That's a lot for a 1998 car, I said. And we REALLY want you to increase your coverage, she added.Prices have gone up on insurance, she said. Please look and find me a better price, I said. She called the next day, saying I found you a policy for 565 dollars, but only if you increase your coverage. I agreed to pay the new rate, but not increase my coverage. I got the new rate.

@hackmaa 8 ай бұрын

We do not budget bill. To me it encourages you to get comfortable with your electric and water. Like for example it has dropped down to mid 50s at night right now in the midwest. We just put an extra blanket on the bed and has beem really cozy and relaxing. It also trims money off my bill. ❤❤

@stevehartman1730 2 ай бұрын

My cousins late husband a farmer n great guy was a horse trader. I had a chance of staying there permanently but i went back home where Mom n so many others abused me verbally physically n emotionally but i loved Dad

@economicdevelopmentplannin8715 8 ай бұрын

Buy everything you need and nothing you want, and you'll be fine. You need access to a bedroom bathroom suite. Buy this, with roommates, ASAP. You need utilities, buy this ASAP, with roommates. You need groceries. Buy all the rice and veggies and beans 🫘 you can eat, asap. You need a bus pass yearly. Get one, asap.

@briserenity 8 ай бұрын

I always say it would be cool if my family could get a three family. Everyone rotate or pitch in for dinners. 🙌🏾 Right now all my sisters, mom, grandmother and myself each pay $1,800 for rent alone. 😮😢

@economicdevelopmentplannin8715 8 ай бұрын

@@briserenity exactly. You can payoff a bedroom bathroom suite on bus stops in DC area super fast. Double up on jobs, and dump your entire check into paying off the mortgage, then you only owe property taxes. Like 5k yearly for a 3 shower house on bus stops. No cars needed

@economicdevelopmentplannin8715 8 ай бұрын

The key is to convince your whole family to also do this. Double up on jobs, live together. No mortgage, no rent, and no debt. You can do it. Make videos about this, and I will help you along the way if you can take my advice

@saraibucciarelli1821 9 ай бұрын

Good video. PO'd that our local Sprouts and Petco are now charging for bags. Ridiculous.

@joycef8443 9 ай бұрын

We’ve been bringing our own bags for many years

@ladiikay819 8 ай бұрын

Old navy will start charging for bags too

@economicdevelopmentplannin8715 8 ай бұрын

You can't complain about a 10c bag fee if you're feeding a whole member of the family that brings no income potential to the household. Get rid of the dog 🐕 if you want to save money?

@nataliepyn1 9 ай бұрын

My boyfriend barters his maple syrup for bison meat

@user-np6zo1pt1x 8 ай бұрын

I do not agree with linking credit cards to third parties. I understand the benefits.

@shannonnefra9738 9 ай бұрын

❤👏🏾

@stevehartman1730 2 ай бұрын

Next month im gona try to pay off a couple big debts n all ill have left is mortgage

@juananthonyporter7441 9 ай бұрын

Vee? ...its always been my dream of dreams to have a nice home, in a really nice area where i live(Atlanta, Ga)... I watch this program called "Atlanta's best new homes" on Saturdays, to take in what the program provides, and dream more... I know it takes alot more than dreaming! ...lol, and to be honest, i NEVER focused on my credit, but i know my credit is BAD.. Does credit matter?

@churchofpos2279 9 ай бұрын

Your interest rate and your ability to qualify for a loan in the first place are effected by your Credit score. If you have a history of non payment and late payments are going to bite you back.

@M_SC 9 ай бұрын

You can improve it. I made mine go up 100 points in a year or so

@kenyonbissett3512 9 ай бұрын

It matters. Why? Employers can check your credit when hiring and choose someone else because of credit. Insurance companies can charge more if you have bad credit. Your home or car interest loan can be several points higher depending on your credit. Even apartments can be more expensive if you have poor credit or even mediocre.

@cissylanier7035 9 ай бұрын

Of course credit rating is impossible duh

@thebrokenwallet 9 ай бұрын

Credit does matter, but it's possible to buy with a lower score (as low as 580 to 620), as long as your "most recent" credit history is good. I believe you can't have more than two 30-day late payments on your credit report within the past 24 months for FHA. Loan program requirements differ, so it might be more or less.

@ryanchinh1040 9 ай бұрын

$600k mortgage payment you need at least 4 income can afford the home.

@lits3212 9 ай бұрын

Need help

@paolaanimator 9 ай бұрын

I was wondering, is it possible to learn new skills using free resources online and see if I can change jobs or career? For example, if I get certified in coding, will I be able to change jobs and potentially get a boost in earnings? I live with my family and I help them out. I already know the job market is difficult, I've had to apply to jobs for like 7+ months before I finally got my current job but I barely earn above minimum wage. I wouldn't know what to do if I hadn't had my family allowing me to live with them.

@DavidEVogel 8 ай бұрын

There are free educational tools available online, but prospective employers may question the source of your education. Community Colleges, on the other hand, offer courses the employers consider "legitimate."

@thebrokenwallet 8 ай бұрын

I've heard of people learning skills online for free and using those new skills to freelance or start their own businesses. Also, a couple of months ago I saw a video of a girl who took either a free or cheap (I can't remember) data analyst course online, and was able to find a better paying job after.

@paolaanimator 8 ай бұрын

@@thebrokenwallet Thanks for the information and it gives me some hope I'll get a better paying job.

@paolaanimator 8 ай бұрын

@@DavidEVogel I wonder, can community college offer affordable education? If I have to pay a lot for community college classes, I don't want to worry about student loans (especially now with high interest rates). Or what about legitimate colleges offering certification classes? I see some colleges near me that are legitimate and offers certified classes. And the certificate are pretty affordable.

@hardlife507 9 ай бұрын

Eat less, honestly we over eat wo much is ridiculous.

@jason-dn3hy 9 ай бұрын

FJB

@slowslug3247 9 ай бұрын

Asking for less rent is so rude and entitled. Your asking someone for free money. Homeowners set rent based on the price of interest rates , they don’t actually make much off cash monthly. They make most profit off equity in the house over time

@thebrokenwallet 9 ай бұрын

A lot of things are negotiable

@reginacameron3011 8 ай бұрын

My cousin done this helped out a friend her mortgage was 1200 per month. She only charged them 600 and she paid the rest. They could not even pay this and when she got ready to put them out. They destroyed her home this why I don't want to be a landlord.