My favourite tip: whenever I'm close to buying something on a whim (a coffee, new clothes, whatever), I'll move that amount of money out of my chequing account and into my savings account. Usually, knowing I've saved that money is enough of a dopamine hit to calm the urge! And if it's not, I just dig into my savings account to pay for the item (which hurts more, somehow).
This comment is top notch, it could also be combined with something like Robinhood. When you wanna buy something put that money in a stable dividend etf and if u really want it sell that etf and make it really hurt lol. The thought of my money not making money is painfully
Something that helps me as a homemaker, is to think of my husband at work and what his wage is. "How many hours did he have to work to pay for this item?". It helps me decide if those hours of my husband being away from our kids, myself and our home, was worth the item i want to buy. It really helps me with the impluse buys. Also to think of the things we are saving for and remember we will reach our goals faster if i dont bye all the things i want or THINK we need on amazon!
Another way to do it is to calculate the expense in time. For instance, a $10 dollar sandwich would cost 15 times more if you are 20 because you could incest the money for forty years and get $150 for retirement
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Having monitoring my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
@@MarkFreeman-xi3rk I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
The adviser I'm in touch with is Margaret Johnson Arndt . You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me.
I’ve been doing the once a week grocery buying for several years and I recommend it. I am very strict about it - if I run out of everything except oatmeal before shopping day and have to eat that for two days then next time I plan more carefully. I have come through this period of inflation spending about what I spent four years ago because I have learned how to shop more efficiently.
My mother only did once a week grocery shopping, she didn't drive so it was done once per week usually Saturday morning when dad was home. I still do that, always have - I'm 73 years old. Many times it been 2 - 3 weeks between trips(and no garden for fresh produce oatmeal). Oatmeal is great- yes for several days if needed!
I grew up knowing the more you go shopping, the more you buy. My Mom only went grocery shopping twice a month. One large shop, one small. The large shop did take 2+ hours but she would do a freezer check/pantry check prior & went with an extesive list. She had a budget and stuck to it. The small shop was two weeks later and was for more fresh things that you go through fast.
I take photos of things I don't need but want, in the shop, if I really want it I'll go back for it. I've realized that when I leave the shop I forget about it but then I see the reminder photo on my phone and remember again 😢😅
I do this with Barnes & Noble tbh, I take pictures of books I want and I don’t buy them. Then the next time I go, I look for those books and realize I wouldn’t have actually read them and then I leave the store with 0 books 😂
I totally agree with the wedding comment. Ours was about $1500 and our rings were about $200 each. I still wear mine after almost 30 years. I bought a slightly more expensive one after 20 years but it's the only jewelry I really wear.
We spent about £5k 11 years ago today. We had 80 guests in a village hall, outside caterers and music from friends. We asked for no gifts and instead people chose charity donations or bought s dessert. I can tell you, the dessert trolley was truly amazing.
I work at a major supermarket here in Australia as an online shopper. I actually use the service myself, shopping each week via the app. I order the stuff we need then get it delivered to the boot of my car. This saves money because I don't impulse-buy in the shop itself (oooh, that's on special!). This is why shopping at Aldi is a false economy because you save money on most food items but then you go to the centre of the store... afterwards, you walk out with your shopping, a wetsuit, and a trumpet. 😂
Shopping at Aldi is false economy? It depends on how you shop there, just as you describe your method, how one uses Aldi or other sources is a matter of executing a well-thought out plan. I am a regular Aldi shopper but not to the exclusion of other 5:07 resources that enable me to keep my grocery and household expenses within budget
Love the grocery 1day a week tip! It really works! When I sat down and calculated how much I was actually spending at the grocery store versus what I budgeted to spend at the grocery store, it made me understand why my budget didn't work! I was going to the grocery store 2-3 times a week and impulse buying blowing the budget every month!
When I was young and stayed home with our children for a few years my husband was paid twice monthly. We went to the grocery every two weeks. I guess sometimes we might have had to go to pick up bread or something. We spent about $50 every two weeks back then. We had to be wise shoppers. I had to plan meals for two weeks. I stocked up on whatever meat was on sale and food items on sale. We bought Kroger’s polar pack fudge ripple ice cream for 99 cents - a full half gallon carton. That was a treat - especially if we bought ice cream cones too. I made a homemade dessert almost every night - I guess when there wasn’t the ice cream for dessert and kept homemade cookies in the cookie jar. We ate better when I didn’t work. The kids played outside too. Riding bicycles, roller skating and playing basketball etc. We didn’t eat out much back then. On Friday or Saturday nights we would get two pizzas from Little Caesars for $5.00 and then it was 2 for $8.00. That was a treat and I didn’t have to cook supper and wash a lot of dishes and pots and pans up on those nights. Back then we ate at the table and I put the food in bowls on the table like the way I was raised up. There were times my husband would work a part time job too. He retired in his 50’s. He is 70 now and I am 68. The years do fly by. Looking backwards they flew by.
I am 74 and pick up great tips from your videos. I have threatened to shop once a week for soooo long.I am starting today! You look very well Gabe hope you feel it.
You are so right about weddings! Married is married, there are plenty of ways to have a nice ceremony with the important people in your life without spending a fortune.
We spent $200 on both our wedding rings, they were custom made from an etsy artist. We have beautiful rings that fit our aesthetic, and we supported a small artisan. We got married at the court house in front of a judge and had a potluck BBQ at a friend's house after. We thought the idea of spending thousands on a wedding and reception was asinine. We also meal plan, because it saves our budget and as vegetarians we eat mostly fresh things so you want to only get the things you're going to actually use before they go bad. Little things add up over time.
I am so glad you talked about having a small wedding and cheap rings. when my husband and i got engaged and married. the total cost was under 1,000. we were able to pay that off quickly. though my family and his family wanted us to have a big wedding, everyone thought we were crazy.
I found this helpful. I used to be pretty good with my money but over the last year Ive moved away from the good habits so this is a nice reminder of good money habits I should be doing 👌
I do the 1st one a lot ! I have a huge shopping list for clothes but barely buy them ! And when I really feel the need to buy stuff to buy stuff, I buy stocks ! It gives me the same feeling than clothes but it s an investment 😂
One thing about putting something in the cart but not buying it right away - The platform will usually offer a discount for you to come back and buy and finish the purchase. I have worked in eCommerce and this is a strategy - better from the to make something than nothing but they like the traffic to come back.
One of your best! The wedding thing has always been a no brainer for me too. But I love the grocery store once a week thing. Soooo good - "shop your own pantry." It's so true. i'm also going to try the last-digit thing as it'll be exciting to watch it grow. Thanks
I agree on the wedding. We got married in 2001. Our wedding was at my church, which did not carry a charge because I was a member. The women’s fellowship served with dessert, which was the only thing we served, no meal. My sisters in law did the flowers. My wedding ring was a small custom made one carat diamond. It cost $95. In all, I think our wedding may have cost $1000 if we count in the donations we gave to the church, my $100 wedding dress from the thrift store. (Still beautiful.) and our photographer. We had a fabulous day and a three day honeymoon given to us by our workplace and we did not go broke. It can be done.
@@susanclaire901 It was a little shop in Fullerton, CA called “The Jewelry Exchange”. Local jewelers sell their one of a kind items there. There are three tiny diamonds that equal to 1 carat altogether. I had the choice between a gold setting or a white gold setting. Considering that this would probably be the only piece of gold I would own, I chose the yellow gold ring. 21 years on and it’s still in fantastic condition. :) Thank you for asking! :)
Just thought I'd put this out there for anybody looking to spend less on a wedding/engagement ring. No matter if you want the classic diamond ring with gold bands or something different. My eldest brother remarried at the beginning of 2023 and for his wife he bought her a recycled wedding ring online, with a gold band and multiple diamonds. My 2nd eldest brother gave our grandmother's ring an engagement ring to his wife. My 3rd eldest brother went online and researched vintage wedding rings and got one for his wife. If you don't want to spend a lot of money on a ring, your partner doesn't care about the price tag, then do some Google research. It's not hard to find something out there that you like both materialistically, aesthetically, and at a price you're willing to pay.
I’m an American 🇺🇸 expatriate who lives in Taiwan 🇹🇼, where the cost of living is low and transportation and medical care are excellent and cheap. I don’t remember the last time I bought clothes, other than replacement shoes and socks. I take clothes to a seamstress in a market for minor repairs and fix them for almost nothing. I have hiker pants with zippers on the pants legs. I often commute to work on a YouBike rental in shorts and then zip the bottoms on when I arrive at my university to teach.
Def some good tips here. My coffee tip is that I bought a cute little cold brew pitcher on Amazon for $30. At $5 or more for my favorite cold brew coffee, paid for itself in a week basically. If you count the ingredients to make the coffee, maybe two weeks tops. :-) Thanks for the ideas!
My brother proposed to his wife with a white twist-tie to go around her finger instead of a ring. My other brother had his reception at Denny's (and it was wonderful. Everyone just ordered what they wanted from the menu, and the kids got to color on the paper placemats. Everyone was happy.)
Lots of good tips here, been following most of them for awhile now. I love the two tiered one though I just had a large goal and some small goals but putting smaller goals that lead up to the big goal will definitely make it feel like I'm making more progress.
Gabe, I found this very helpful. I'm big into thrift store shopping for vintage radios, but my savings account is such right now that I can't afford most of what the local thrift store offers on vintage electronics these days. I'm going to try your $27.40-rule and see how that works for me.
We spend very little (maybe $200, that was 33 years ago) on our wedding, and we had a lot of fun. First, no ring exchange. We don't do jewelry. Second, we had a skydive, with 18 other friends, that from a big ole heart. Then we had a get together at a friend's house. We supplied the food. Everyone brought their own drinks. We have very fun friends so it was a perfect day for everyone. Except for a drunk friend who fell in a ditch and broke his arm.
My save for later gets organized by clothes, household, electronics, etc. This works great. When they have their big sales I look at my list and decide what I really need at that time. What is surprising is that a bunch of small purchases add up very quickly but you can at least see that your going to blow your budget this way and curb buying those dish towels, catnip, etc. Buying them when you think of it would really break the bank without even realizing it.
I'm only one person, but I usually go to the store every 4-6wks, sometimes I even skip a month. I spend $250- 350 ea time. I'm not really frugal in my choices, I just try to buy mostly healthy. I buy frozen fruit/veg (for options that don't spoil), but currently I eat mostly quinoa/dandelion/tomato & other garden item salads. I never eat or use the full amt of groceries I buy, which also includes my household & personal supplies, so there are always items carried into the next month that don't need purchasing. Also, it is extremely rare that I would ever eat out. (Only when visiting family)
Not sure if anyone does this but if I want to purchase a graphic tee or anything with a graphic design on it, I usually set that image as my phone wallpaper and leave it there for weeks. Once I see the image daily, I no longer need the actual item. 😅
This is so true. I put stuff in my cart all of the time and then move on with my life. Eventually I move it to "saved for later" and later rarely ever comes.
We have Mint. I bought the unlimited plan. My husband uses way more internet than I do. I'll probably lower mine. We're on the family plan. I have a uniform of sorts...funky t shirts and basic pants. Picking my clothes out is easy. My coffee machine makes great coffee. My husband and I went to the JP. My husband's ring cost $300. He's a big man so his ring had to be ordered. Mine was $50. My dress was $18. Under $500 for everything including dinner out. We went camping for our honeymoon. It rained, but it was memorable. That was almost 32 years ago. I cook restaurant meals at home most of the time unless it's a special occasion.
My shopping cart is full of stuff I want and just look at them once in a while. It’s the same when I am out, I would grab an item and then roam around for a while and then pit it back.
Its this kind of content that has changed my life! On my way to my first rental property! I share your videos with close friends and family all the time...will they watch? probably not...but seeds are planted :P Thank you
This insanely huge knife😂 Weirdly I discovered the shopping cart trick by myself. I'm on a good track, I just need these videos to keep myself motivated. Our wedding was relatevely cheep, compared to other people's wedding. We just had a big Party and just got married in city hall. Since we both have nothing to do with church we didn't had to celebrate twice, which is usual here in Germany. ✌🏻
If you take that 30K for the average wedding and put it in an index fund, assuming a 7% annual compound return, in forty years it will be worth almost 450K. If you make it 40k (with the ring) the ending amount is close to 600k.
The technic I use is divide my monthly income by 160 (40h/week x 4) and the number who result is 1h of work (by example 15$/hour so the best Iphone will cost me 135 hours of work and a bread 6 minutes
This is a great video ,I learn a lot watching your videos and it has been helpful to me. Building a steady income is quite difficult for newbies...Thanks to Mrs.Christine Reynolds for improving my portfolio. Keep up with the good videos.
l also invest with Mrs Christine Reynolds on her live trade, she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
When I shop, I literally window shop. The second time around, I made my decision and get what I need. This prevents me from impulse spending. It works.
I like to make wish lists on amazon with various themes. I usually don't end up buying any of it and often when I return to the list months later, I don't even want any of the things in it. It kinda feels like I already bought it and there's no dopamine to be had from it anymore.
It’s surprisingly easy to have a cheap wedding and reception that is very nice. There are pastors (or other church leaders of various religions) who will gladly perform a marriage ceremony for free. There are churches, parks, and really cheap venues out there that cost little to no money. Bachelor/bachelorette parties? You can just set something up at someone’s house or at a nice restaurant. The list goes on. I mean, why blow so much money on a (hopefully) one time event? Save it for a down payment on a house, or a car, or a baby. Don’t be like the 75%+ of people who spend so much money and time planning their wedding, and little to no time planning your lives together. Just my two cents.
My grandma was the best grocery shopper. She would mark each item by the area it was located in the store, she would never backtrack in the store, and she wouldn't buy anything not on the list❤❤❤
Here in my country, I can reserve shoes or clothes for 24 hours in most stores for free. When I have a "shopping day" I go to the stores, try on several clothes and shoes and then reserve them. If I am not back by the agreed time, the store sells the goods to another customer. For me, it's like actually shopping. At the end of "shopping" I even treat myself with a cup of coffee and feel like I'm after an actual shopping spree. Of course, I never go back for the goods. I buy what I need right away, the rest stays in the store 🙂🙂
I agree so much on the one about the wedding... I know it's an important ceremony but I feel like most people just spend that much money on it just to boast and try to make others feel envy of them, which is so in tune with what society is rn (showing off). My brother is about to get married but he's just gonna do a small meal in a restaurant with the closest family and friends, 10-15 people max. You really don't need more
Lol, my wedding cost less than $4,500. That included everything! Including dress, Tux, location, photographer... etc! And I would do it again and even for less if I had to do it again! Good advice save that money for a home or adventure than on a expensive wedding!
Friends of mine made their wedding rings for each other in a goldsmith workshop. These rings have an unique design, combined with a beautiful memory they both share. The price was not much more than the metal, and if they had brought some older jewelery they didn't like anymore, it would even been cheaper.
Only going to the grocery once a week, will leave you with a lot of none fresh food. That is disgusting! Back when I was young and on a budget, I used to go to the ATM monday morning and cash out an amount of money, that would go to EVERY single expenses i had, you know food, cigarettes (back then), petrol for my car and such. But it was also big enough to leave a little bit of room for "fun", like an ice cream on a hot summer day or such. By doing so I always had money on me - and the rest of it, went straight to my budget-account paying my rent and other expenses, any other amount of money went for investments. ;)
very good video, you seem a very sensible young man; i do that once a week shopping thing nowdays and always make sure i have some burgers in the freezer; i also tend to eat up left overs the next day for my lunch to get the grocery costs down: i like the tip for your wedding day: when i got married in 1976 we had cheap wedding rings, and no honeymoon; mum and dad paid for the wedding, but we got the flowers: expensive weddings were not the norm so as long as the bride and bridgeroom are happy thats all that matters .thanks for your advice
Weddings can be ridiculously expensive but it's possible to have an actually classy traditional wedding, that is beautiful, on a much lower budget if you just simplify things and cut out the flimflam. Also plain gold wedding bands are not expensive.
3:30 I’ve looked into switching to this from Verizon..but how good is the coverage really? I feel like for this you get what you pay for and it wouldn’t be as good of a provider
Mint Mobile was horrible in my experience. I just cancelled service with them. Was getting only intermittent data service when not on Wi-Fi. I would not recommend it.
I think the American idea of an expensive ring comes from the days where women didn't have an income. If their husband died, or anything bad happened that left them broke and alone, they could sell and have money. More gold=more security
When my husband was paid monthly that's what we did. Used a calculator to stay on budget. Would walk to thd local grocery stores (2 in one plaza) and chery pick the markdowns. Something different for meals, added variety and maybe a few cheaper treats for lunches.
Haha that's exactly what I did with Amazon! I had all this stuff in my cart and over the past year I've gradually ended up removing it as realised I didn't want it. Ummm, Starbucks is absolutely not worth it. I don't get how North Americans like it?!?! I keep thinking they're joking but maybe you're not. Oh and NO CAR. Love that I've never had one. Maybe that's weird.
My favourite tip: whenever I'm close to buying something on a whim (a coffee, new clothes, whatever), I'll move that amount of money out of my chequing account and into my savings account. Usually, knowing I've saved that money is enough of a dopamine hit to calm the urge! And if it's not, I just dig into my savings account to pay for the item (which hurts more, somehow).
This comment is top notch, it could also be combined with something like Robinhood. When you wanna buy something put that money in a stable dividend etf and if u really want it sell that etf and make it really hurt lol. The thought of my money not making money is painfully
Excellent idea!
I'll try this haha thanks
Ooooo I really like this one
I feel I need to do the same with all the courses and taxi rides I have done. Thousands - just gone to waste!
Something that helps me as a homemaker, is to think of my husband at work and what his wage is. "How many hours did he have to work to pay for this item?". It helps me decide if those hours of my husband being away from our kids, myself and our home, was worth the item i want to buy. It really helps me with the impluse buys. Also to think of the things we are saving for and remember we will reach our goals faster if i dont bye all the things i want or THINK we need on amazon!
Another way to do it is to calculate the expense in time. For instance, a $10 dollar sandwich would cost 15 times more if you are 20 because you could incest the money for forty years and get $150 for retirement
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Having monitoring my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
@@MarkFreeman-xi3rk I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
The adviser I'm in touch with is Margaret Johnson Arndt . You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me.
I’ve been doing the once a week grocery buying for several years and I recommend it. I am very strict about it - if I run out of everything except oatmeal before shopping day and have to eat that for two days then next time I plan more carefully. I have come through this period of inflation spending about what I spent four years ago because I have learned how to shop more efficiently.
Great advice 👍
My mother only did once a week grocery shopping, she didn't drive so it was done once per week usually Saturday morning when dad was home. I still do that, always have - I'm 73 years old. Many times it been 2 - 3 weeks between trips(and no garden for fresh produce oatmeal). Oatmeal is great- yes for several days if needed!
I grew up knowing the more you go shopping, the more you buy. My Mom only went grocery shopping twice a month. One large shop, one small. The large shop did take 2+ hours but she would do a freezer check/pantry check prior & went with an extesive list. She had a budget and stuck to it. The small shop was two weeks later and was for more fresh things that you go through fast.
Incredible!!!very inspiring!!!
I take photos of things I don't need but want, in the shop, if I really want it I'll go back for it. I've realized that when I leave the shop I forget about it but then I see the reminder photo on my phone and remember again 😢😅
That’s a great idea! A lot of times like 10 minutes later you totally forget
@@GabeBultExactly! And mood boards of things you'd like, are totally free😂
I do this with Barnes & Noble tbh, I take pictures of books I want and I don’t buy them. Then the next time I go, I look for those books and realize I wouldn’t have actually read them and then I leave the store with 0 books 😂
That's a good tip.
I totally agree with the wedding comment. Ours was about $1500 and our rings were about $200 each. I still wear mine after almost 30 years. I bought a slightly more expensive one after 20 years but it's the only jewelry I really wear.
We spent about £5k 11 years ago today. We had 80 guests in a village hall, outside caterers and music from friends. We asked for no gifts and instead people chose charity donations or bought s dessert. I can tell you, the dessert trolley was truly amazing.
I work at a major supermarket here in Australia as an online shopper. I actually use the service myself, shopping each week via the app. I order the stuff we need then get it delivered to the boot of my car. This saves money because I don't impulse-buy in the shop itself (oooh, that's on special!).
This is why shopping at Aldi is a false economy because you save money on most food items but then you go to the centre of the store... afterwards, you walk out with your shopping, a wetsuit, and a trumpet. 😂
Shopping at Aldi is false economy? It depends on how you shop there, just as you describe your method, how one uses Aldi or other sources is a matter of executing a well-thought out plan. I am a regular Aldi shopper but not to the exclusion of other 5:07 resources that enable me to keep my grocery and household expenses within budget
Love the grocery 1day a week tip! It really works! When I sat down and calculated how much I was actually spending at the grocery store versus what I budgeted to spend at the grocery store, it made me understand why my budget didn't work! I was going to the grocery store 2-3 times a week and impulse buying blowing the budget every month!
It makes a surprisingly big difference
This is how I grocery shop plus meal planning. The one time a week helps so much!
Same here i go to grocery store multiple times a week and definitely impulse buy as well.
When I was young and stayed home with our children for a few years my husband was paid twice monthly. We went to the grocery every two weeks. I guess sometimes we might have had to go to pick up bread or something. We spent about $50 every two weeks back then. We had to be wise shoppers. I had to plan meals for two weeks. I stocked up on whatever meat was on sale and food items on sale. We bought Kroger’s polar pack fudge ripple ice cream for 99 cents - a full half gallon carton. That was a treat - especially if we bought ice cream cones too. I made a homemade dessert almost every night - I guess when there wasn’t the ice cream for dessert and kept homemade cookies in the cookie jar. We ate better when I didn’t work. The kids played outside too. Riding bicycles, roller skating and playing basketball etc. We didn’t eat out much back then. On Friday or Saturday nights we would get two pizzas from Little Caesars for $5.00 and then it was 2 for $8.00. That was a treat and I didn’t have to cook supper and wash a lot of dishes and pots and pans up on those nights. Back then we ate at the table and I put the food in bowls on the table like the way I was raised up. There were times my husband would work a part time job too. He retired in his 50’s. He is 70 now and I am 68. The years do fly by. Looking backwards they flew by.
@@pattyblevins2765 i love this
Going out to eat isn't as fun anymore because tipping has gotten out of hand and so I would rather eat at home most of the time!
I am 74 and pick up great tips from your videos. I have threatened to shop once a week for soooo long.I am starting today! You look very well Gabe hope you feel it.
You are so right about weddings! Married is married, there are plenty of ways to have a nice ceremony with the important people in your life without spending a fortune.
Definitely true! At the end of the day, spending more money won’t make you more happy
We spent $200 on both our wedding rings, they were custom made from an etsy artist. We have beautiful rings that fit our aesthetic, and we supported a small artisan. We got married at the court house in front of a judge and had a potluck BBQ at a friend's house after. We thought the idea of spending thousands on a wedding and reception was asinine. We also meal plan, because it saves our budget and as vegetarians we eat mostly fresh things so you want to only get the things you're going to actually use before they go bad. Little things add up over time.
I downsized my wedding and married my husband, Not his family!
Hands down best comment!!!
I am so glad you talked about having a small wedding and cheap rings. when my husband and i got engaged and married. the total cost was under 1,000. we were able to pay that off quickly. though my family and his family wanted us to have a big wedding, everyone thought we were crazy.
That’s awesome! As long as you’re happy, and you get married at the end of the day
Amen
If they want the big wedding, they can pay for it 😆
I found this helpful. I used to be pretty good with my money but over the last year Ive moved away from the good habits so this is a nice reminder of good money habits I should be doing 👌
Glad it can help!
I do the 1st one a lot ! I have a huge shopping list for clothes but barely buy them ! And when I really feel the need to buy stuff to buy stuff, I buy stocks ! It gives me the same feeling than clothes but it s an investment 😂
It’s actually a pretty fun way to shop!
You could be buying stocks in socks and socking it away for all the socks in retirement
Getting books from the library can help curb those impulses.
One thing about putting something in the cart but not buying it right away - The platform will usually offer a discount for you to come back and buy and finish the purchase. I have worked in eCommerce and this is a strategy - better from the to make something than nothing but they like the traffic to come back.
That’s true!
One of your best! The wedding thing has always been a no brainer for me too. But I love the grocery store once a week thing. Soooo good - "shop your own pantry." It's so true. i'm also going to try the last-digit thing as it'll be exciting to watch it grow. Thanks
I agree on the wedding. We got married in 2001. Our wedding was at my church, which did not carry a charge because I was a member. The women’s fellowship served with dessert, which was the only thing we served, no meal. My sisters in law did the flowers. My wedding ring was a small custom made one carat diamond. It cost $95. In all, I think our wedding may have cost $1000 if we count in the donations we gave to the church, my $100 wedding dress from the thrift store. (Still beautiful.) and our photographer. We had a fabulous day and a three day honeymoon given to us by our workplace and we did not go broke. It can be done.
Where did you buy a one-carat diamond for $95??? Mine cost $6,000 back in the '90s.
@@susanclaire901 It was a little shop in Fullerton, CA called “The Jewelry Exchange”. Local jewelers sell their one of a kind items there. There are three tiny diamonds that equal to 1 carat altogether. I had the choice between a gold setting or a white gold setting. Considering that this would probably be the only piece of gold I would own, I chose the yellow gold ring. 21 years on and it’s still in fantastic condition. :) Thank you for asking! :)
@@Ripplesinthewaters Oh, I get it! Mine was a solitaire one-carat, not 3 little ones. The bigger ones are very rare and so WAY more expensive.
Just thought I'd put this out there for anybody looking to spend less on a wedding/engagement ring. No matter if you want the classic diamond ring with gold bands or something different. My eldest brother remarried at the beginning of 2023 and for his wife he bought her a recycled wedding ring online, with a gold band and multiple diamonds. My 2nd eldest brother gave our grandmother's ring an engagement ring to his wife. My 3rd eldest brother went online and researched vintage wedding rings and got one for his wife.
If you don't want to spend a lot of money on a ring, your partner doesn't care about the price tag, then do some Google research. It's not hard to find something out there that you like both materialistically, aesthetically, and at a price you're willing to pay.
That’s actually a great way to do it!
DEBT=Don't Even Buy That
❤❤❤
I’m an American 🇺🇸 expatriate who lives in Taiwan 🇹🇼, where the cost of living is low and transportation and medical care are excellent and cheap. I don’t remember the last time I bought clothes, other than replacement shoes and socks. I take clothes to a seamstress in a market for minor repairs and fix them for almost nothing. I have hiker pants with zippers on the pants legs. I often commute to work on a YouBike rental in shorts and then zip the bottoms on when I arrive at my university to teach.
Def some good tips here. My coffee tip is that I bought a cute little cold brew pitcher on Amazon for $30. At $5 or more for my favorite cold brew coffee, paid for itself in a week basically. If you count the ingredients to make the coffee, maybe two weeks tops. :-) Thanks for the ideas!
That’s awesome! Definitely worth it
I got a cold brew pitcher too and it's great.
My brother proposed to his wife with a white twist-tie to go around her finger instead of a ring. My other brother had his reception at Denny's (and it was wonderful. Everyone just ordered what they wanted from the menu, and the kids got to color on the paper placemats. Everyone was happy.)
I love this =)
Lots of good tips here, been following most of them for awhile now. I love the two tiered one though I just had a large goal and some small goals but putting smaller goals that lead up to the big goal will definitely make it feel like I'm making more progress.
Gabe, I found this very helpful. I'm big into thrift store shopping for vintage radios, but my savings account is such right now that I can't afford most of what the local thrift store offers on vintage electronics these days. I'm going to try your $27.40-rule and see how that works for me.
One of my favorite things to do is watch your videos and challenge my thinking! Keep it up, your financial perception is very keen!
Loved this video. The top about saving when I feel like shopping and transferring money to hya.
We spend very little (maybe $200, that was 33 years ago) on our wedding, and we had a lot of fun. First, no ring exchange. We don't do jewelry. Second, we had a skydive, with 18 other friends, that from a big ole heart. Then we had a get together at a friend's house. We supplied the food. Everyone brought their own drinks. We have very fun friends so it was a perfect day for everyone. Except for a drunk friend who fell in a ditch and broke his arm.
My save for later gets organized by clothes, household, electronics, etc. This works great. When they have their big sales I look at my list and decide what I really need at that time. What is surprising is that a bunch of small purchases add up very quickly but you can at least see that your going to blow your budget this way and curb buying those dish towels, catnip, etc. Buying them when you think of it would really break the bank without even realizing it.
Love it, some retailers will send another coupon if you leave stuff sitting in your cart.
That’s true east 15%
I'm only one person, but I usually go to the store every 4-6wks, sometimes I even skip a month. I spend $250- 350 ea time. I'm not really frugal in my choices, I just try to buy mostly healthy. I buy frozen fruit/veg (for options that don't spoil), but currently I eat mostly quinoa/dandelion/tomato & other garden item salads. I never eat or use the full amt of groceries I buy, which also includes my household & personal supplies, so there are always items carried into the next month that don't need purchasing. Also, it is extremely rare that I would ever eat out. (Only when visiting family)
Brilliant as always..love the 90 day break down goal & The one day week shopping 💚
That has definitely helped me a ton!
weddings are crazy expensive, I went to Vegas, did not tell anyone, got married it was just me and my husband, it was super cheap and we had a blast
Not sure if anyone does this but if I want to purchase a graphic tee or anything with a graphic design on it, I usually set that image as my phone wallpaper and leave it there for weeks. Once I see the image daily, I no longer need the actual item. 😅
This is so true. I put stuff in my cart all of the time and then move on with my life. Eventually I move it to "saved for later" and later rarely ever comes.
We have Mint. I bought the unlimited plan. My husband uses way more internet than I do. I'll probably lower mine. We're on the family plan. I have a uniform of sorts...funky t shirts and basic pants. Picking my clothes out is easy. My coffee machine makes great coffee. My husband and I went to the JP. My husband's ring cost $300. He's a big man so his ring had to be ordered. Mine was $50. My dress was $18. Under $500 for everything including dinner out. We went camping for our honeymoon. It rained, but it was memorable. That was almost 32 years ago. I cook restaurant meals at home most of the time unless it's a special occasion.
Love it!
My shopping cart is full of stuff I want and just look at them once in a while. It’s the same when I am out, I would grab an item and then roam around for a while and then pit it back.
Its this kind of content that has changed my life! On my way to my first rental property!
I share your videos with close friends and family all the time...will they watch? probably not...but seeds are planted :P
Thank you
Congrats on working towards your first Rental!
I do the "Add to Cart" trick myself!!
I love your videos Gabe! These are inspiring tips! Hope for more to come keep up the good work!
This insanely huge knife😂
Weirdly I discovered the shopping cart trick by myself. I'm on a good track, I just need these videos to keep myself motivated.
Our wedding was relatevely cheep, compared to other people's wedding. We just had a big Party and just got married in city hall. Since we both have nothing to do with church we didn't had to celebrate twice, which is usual here in Germany. ✌🏻
6:56 even with the added cost of brewing coffee, it would still take only 45 days
Nice Haircut😊
I love the simplicity of your tips, also following your journey. Shout out to another frugal granite stater!
Let’s go! Granite stay all the way
I'm going to start going to the grocery store only once a week, great idea! Pretty sure my husband can't do that, but I'll focus on myself first
If you take that 30K for the average wedding and put it in an index fund, assuming a 7% annual compound return, in forty years it will be worth almost 450K. If you make it 40k (with the ring) the ending amount is close to 600k.
The technic I use is divide my monthly income by 160 (40h/week x 4) and the number who result is 1h of work (by example 15$/hour so the best Iphone will cost me 135 hours of work and a bread 6 minutes
That’s how I look at it as well!
This is a great video ,I learn a lot watching your videos and it has been helpful to me. Building a steady income is quite difficult for newbies...Thanks to Mrs.Christine Reynolds for improving my portfolio. Keep up with the good videos.
Wow, amazing to see others trading with Mrs.Christine Reynolds, I am currently on my 5th trade with her and my portfolio has grown tremendously.
l also invest with Mrs Christine Reynolds on her live trade, she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
she often interacts on Telegrams, using the user name.
INVESTWITHREYNOLDDS💯
It going shopping saves also a lot of time.
Love your content 👍😀
Thanks 🙏
Yo Gabe! The greying looks great on you!
When I shop, I literally window shop. The second time around, I made my decision and get what I need. This prevents me from impulse spending. It works.
I like to make wish lists on amazon with various themes. I usually don't end up buying any of it and often when I return to the list months later, I don't even want any of the things in it. It kinda feels like I already bought it and there's no dopamine to be had from it anymore.
I have a payday routine that includes paying myself, ie putting some money away in a savings acct.
It’s surprisingly easy to have a cheap wedding and reception that is very nice. There are pastors (or other church leaders of various religions) who will gladly perform a marriage ceremony for free. There are churches, parks, and really cheap venues out there that cost little to no money. Bachelor/bachelorette parties? You can just set something up at someone’s house or at a nice restaurant. The list goes on. I mean, why blow so much money on a (hopefully) one time event? Save it for a down payment on a house, or a car, or a baby. Don’t be like the 75%+ of people who spend so much money and time planning their wedding, and little to no time planning your lives together. Just my two cents.
My grandma was the best grocery shopper. She would mark each item by the area it was located in the store, she would never backtrack in the store, and she wouldn't buy anything not on the list❤❤❤
Here in my country, I can reserve shoes or clothes for 24 hours in most stores for free. When I have a "shopping day" I go to the stores, try on several clothes and shoes and then reserve them. If I am not back by the agreed time, the store sells the goods to another customer. For me, it's like actually shopping. At the end of "shopping" I even treat myself with a cup of coffee and feel like I'm after an actual shopping spree. Of course, I never go back for the goods. I buy what I need right away, the rest stays in the store 🙂🙂
Great tips. Thank you! 🙂
🙏
As soon as you said wicked expensive I knew you were from New Hampshire. I’m in Manchester.
We have an electric kettle, Aldi instant coffee ($3.49), and half and half. Makes a decent cup for very cheap.
I agree so much on the one about the wedding... I know it's an important ceremony but I feel like most people just spend that much money on it just to boast and try to make others feel envy of them, which is so in tune with what society is rn (showing off). My brother is about to get married but he's just gonna do a small meal in a restaurant with the closest family and friends, 10-15 people max. You really don't need more
My best investment was a small solar panel that I can charge my devices on and save money on electricity bills in the future
Thanks for you tips. Very useful.
Lol, my wedding cost less than $4,500. That included everything! Including dress, Tux, location, photographer... etc! And I would do it again and even for less if I had to do it again! Good advice save that money for a home or adventure than on a expensive wedding!
looking good with the grey
All excellent tips! Wedding and ring spot on!
Friends of mine made their wedding rings for each other in a goldsmith workshop. These rings have an unique design, combined with a beautiful memory they both share. The price was not much more than the metal, and if they had brought some older jewelery they didn't like anymore, it would even been cheaper.
I’m having so much fun transferring the last digit of my checking to savings everyday.
sorry, i didn't understand this one. does he mean the last digit of the balance?
@@dalestark9505 yep! So anywhere from a dollar to $9.
That is a nice video. Smart advice well served. Thanks!
Unplug everything that is not being used.
Helps saves tremendously on electricity.
Great content as always, Gabe!
Thank you!
Only going to the grocery once a week, will leave you with a lot of none fresh food. That is disgusting! Back when I was young and on a budget, I used to go to the ATM monday morning and cash out an amount of money, that would go to EVERY single expenses i had, you know food, cigarettes (back then), petrol for my car and such. But it was also big enough to leave a little bit of room for "fun", like an ice cream on a hot summer day or such. By doing so I always had money on me - and the rest of it, went straight to my budget-account paying my rent and other expenses, any other amount of money went for investments. ;)
very good video, you seem a very sensible young man; i do that once a week shopping thing nowdays and always make sure i have some burgers in the freezer; i also tend to eat up left overs the next day for my lunch to get the grocery costs down: i like the tip for your wedding day: when i got married in 1976 we had cheap wedding rings, and no honeymoon; mum and dad paid for the wedding, but we got the flowers: expensive weddings were not the norm so as long as the bride and bridgeroom are happy thats all that matters .thanks for your advice
90 day goal frame. Now the game is On.
Let’s go
Always enjoy your videos. Great content.
Weddings can be ridiculously expensive but it's possible to have an actually classy traditional wedding, that is beautiful, on a much lower budget if you just simplify things and cut out the flimflam. Also plain gold wedding bands are not expensive.
If your outgo exceeds your income
Your upkeep will be your downfall.
The wedding stuff! Yes! Spot on.
3:30 I’ve looked into switching to this from Verizon..but how good is the coverage really? I feel like for this you get what you pay for and it wouldn’t be as good of a provider
I had Verizon before and notice no difference
Mint Mobile was horrible in my experience. I just cancelled service with them. Was getting only intermittent data service when not on Wi-Fi. I would not recommend it.
I think the American idea of an expensive ring comes from the days where women didn't have an income. If their husband died, or anything bad happened that left them broke and alone, they could sell and have money. More gold=more security
I really like your one day a week grocery shopping tip! Appreciate you🙏🏽
Thanks for the tips! 👍
This was great as usual - thank you
I screenshot what I want to buy....leave until payday....and find the desire to buy it has gone. Only essentials get bought then.
as a european those saving tips are really golden
Great ideas!!!
I cut out my reoccurring mortgage expense but the bank for closed on me what the heck.
Try once per month shopping rather than once per week. It saves even more money. I dare you to try Gabe!!!! Go on!!!
What about fresh fruits,veggies,bread?
When my husband was paid monthly that's what we did. Used a calculator to stay on budget.
Would walk to thd local grocery stores (2 in one plaza) and chery pick the markdowns. Something different for meals, added variety and maybe a few cheaper treats for lunches.
Learn to Cook. Best thing I ever did. It makes u try new things and eat at home more. I learned from YT vids
😂 я тоже добавляю в избранное, а не в корзину, это работает 😊
Haha that's exactly what I did with Amazon! I had all this stuff in my cart and over the past year I've gradually ended up removing it as realised I didn't want it. Ummm, Starbucks is absolutely not worth it. I don't get how North Americans like it?!?! I keep thinking they're joking but maybe you're not. Oh and NO CAR. Love that I've never had one. Maybe that's weird.
Thanks 🙏 you’re a blessing
🙏🙏🙏🙏
Thank for being honest to yourself and us.! You have helped me through my 40 th surgery
Your wife is beautiful and Meredith, thank you again.
I am sorry I was texting you earlier I was in the hospital room for surgery and I was on drugs, legally.🧘♀️🧚
Money is a terrible Master, but an excellent Servant.
Weddings = Overpriced & Over rated
You missed” Total Money Makeover” .. by Dave Ramsey. That’s a must read.
Bro #1 is so on point! Thought i was the only one who did that
How much was your first rental?
I am definitely trying to get completely debt free. With the economy as bad as it is and everything being more expensive makes it really hard to save.