Knowing your partner involves knowing much more than just finances. All the money means nothing if the basic relationship isn't sound. Your relationship, mutual respect and love needs to drive your finances, not the other way around.
This is great...we have cut back so much on our expenses we can spend on the stuff we really like...we paid off 60000 of debt and 33000 on our mortgage...it feels great to save so much and know we can have a great life living way below our means😁
Makes me feel a lot better seeing your numbers. Ive had a budget for a long time and have a monthly spending of $3500... difference being that im still paying $700 a month on my mortgage AND I am married and have a 2 year old. We dont really skimp on quality of life either, sure we plan things out but sometimes we just spontaneously do/buy something and we just plan the rest of the month accordingly!
Another great video,Bush!👍👍 My eldest son lives this way! I try to this way of living with my sons. My eldest son has embraced it.He's doing well as an electrician. I try my best at living a frugal life If I had a daughter, you'd be the ideal son n law! I appreciate your way of living
For years I thought i'm pretty damn cheap and knows all my expenses. this guy knows the wattage of every single electric equipment in his house. I don't know what to say.
@@redloopy Individually it's not that much, but if you save $20 here, 20 there, it adds up. Some people can go through and chop out sometimes thousands from their monthly budget that they don't truly need. Investing that money instead of spending it, is how you become wealthy and comfortable. Say you need 20,000 to start a business, if you don't manage your money, you will probably never have the 20k. If you put $1000 into your business starting fund every month, you'll be ready to start your business in a little over a year and a half. There are lots of broke people who wipe their ass with $240, and that is why they are broke.
I can really relate to your budget. As a senior, I have tried to cut my spending in all areas, and have broken it down by categories, as you have. I ask myself do I really need that, and take the item out if possible. Clothing is still a downfall, but you're right, if you have a few shirts and pants, you can only wear one outfit at a time. Good tips from you!😁
@@jeevang7853 Cool man. Keep buying $1000 phones with an insane camera and incredible processing power....so you can take pictures of your feet and watch youtube....while still living with your mom.
Depends, If I were buying a home today I would only take out a mortgage. Interest rates are still at or near historic lows and tax deductible, you can then also deduct your property tax and for a single person it will probably work out better than a paid house or condo. Just make sure you keep enough other liquid assets so can pay the mortgage off whenever you want. The mortgage tax deduction is one of the big reasons we have an affordable housing crisis. The deduction is actually reflected in higher housing prices.
@@stuarthirsch the mortgage tax deduction is a US thing. Where I live (Canada), you don't get anything like that. Closest you'll get is if you use part of your house for a business, then you can deduct those portion of your expenses from your income.
@@silviag3798 Its a deduction, a long with the ability of deducting state and local property and real estate taxes that should never have been adopted, long since eliminated, but never will be. At least in the US. The only exceptions being if the house is a rental or business property.
@@kimjong-un5562 Thought I explained why I would want a house payment, provided the loan works in your favor, not against you. Because interest rates are near historic lows use other peoples money and get a tax deduction. A mortgage interest rate of 3% after the deduction can translate into an effective mortgage rate of 2% or less depending on the state you live in. This leverages your upside on the house if you sell or flip the house and also protects your downside risk. If there is another real estate collapse just let the mortgage company foreclose or do a short sale.
Great Video! I've always been a big believer in focusing on the big three when it comes to reducing expenses: home, transportation, and food, but this video really showed me the power of how trying to minimize spending in all categories can add up. I also like how you factor in a return on investment viewpoint when it comes to maintaining your quality of life. Why pay $50 for a service, when $20 will give me 90% of the value of the service? That last 10% is not worth it most of the time.
I just found your channel and really like it. I have looked at this in much the same way since I was in my teens and now as I'm in my 60's. Do I need it, what's the cheapest way to get it and foremost is it really worth it.
Super interesting. I think it’s interesting to mentioned being local (groceries) means less waste & less resource waste for gas. Have you thought about composting & seeing how little you can get your waste disposal? You might be able to compost in the backyard & just have recycling!
I’m a reseller from home so I plan my trips to post offices right next to grocery stores, while driving I record a video in my car using my phone, then write the trip off with a mileage app. If I record 2 videos per trip then my groceries are basically paid for with ad revenue
For emergencies when cell phones don't work, get an emergency 2 way radio and learn how to use it. You do not need a license to use a radio for emergency purposes. Not a perfect solution but could still be a good life line. We use ours as a weather radio in the event of bad weather.
Hi Francis, You forgot the biggest cost item: i.e tax on return on assets (like stocks, savings, etc). I know you are going to say this varies person to person, but that is valid for all the cost items.
You don't pay the tax until you sell the stock. Warren Buffett rarely sells, therefore he pays less taxes. That is where his "I pay less taxes than my secretary" line comes from
Do you not have homeowners insurance? I didn't see that in the breakdown. I know you limit your exposure with less stuff, but you do have SOME stuff, like camera and computer. also, second question, Is it worth it to churn internet service companies?
I believe you only have to have a homeowners policy if you owe money on your house in the form of a mortgage. The bank makes it a requirement of the homeowner it to protect themselves from financial loss.
your collection equipment cost may eat into that savings. I would go to those Chinese restaurants and ask for their used soy sauce buckets (hopefully for free) and go from there.
I would say health is necessary, yes. However, insurance is not necessary for most people. Insurance does not ensure health. It does zilch to give you health. I have found it has opposite effect overall. Health is an inside job, not a toxic pill. Learn to give yourself health in real ways. Eat quality foods, avoid all toxins like plague (learn what they are, where lurking), exercise and care for body properly and avoid high-risk activities. Herbs and diet, lifestyle changes, mindset are more effective 99% of time than the medical route.
Once you use up all that soap get a bottle of Trader Joes All for One; soap, shampoo, and conditioner all in one, one small squirt packs a ton of cleaning power. Bar cloths are great instead of paper towels, cloth napkins are super cheap at Goodwill of any resale shop. The bar cloths and cloth napkins don't really add to the amount of laundry you do because they don't take up any room in the washer.
When I had a landline, the costs kept climbing. It was getting to about $40/month and did not even include long-distance. Now, I have just a Tracfone cell and pay about $10/month.
I have the argument going with my (not $0) girlfriend about a landline in case of emergency. Our landline is actually VOIP which goes down when there is a power failure. There is no added emergency benefit. Just an expensive charge when we could just as well get magic jack or something.
Health insurance has really gotten out of control. Having said that, please be careful switching to a less expensive, less comprehensive plan. Even relatively medical minor issues can really wipe a person out financially. I have good insurance now (I am a registered nurse and hospitals usually have good plans). If I were to leave and COBRA my insurance, the payments would be $900 + per month (insane). Having said that, I would maintain the insurance. I’ve had occasion to use my health insurance a lot this year (for minor things). And I literally would have had to spend tens of thousands of dollars with no insurance (or crappy insurance).
Millions of Americans are in what we call job lock because of things like insurance. They can’t leave their jobs to pursue others things they might want to do because insurance is crazy expensive. Insurance companies really screwed us over.
I was cutting my own hair even before the pandemic. Watching youtube videos and buying the best barbering scissors you can afford. Also I buy a lot of my clothes in thrift stores. I like to buy men's sweaters because they ate much better quality than the women's clothes, and last so much longer. Plus you can get simpler styles in the men's section that don't really go out of fashion so they don't have to be replaced every season
I’m glad you pointed out that even if you’re both paying equally, you still spend more if you have a girlfriend because you simply go out more and do more stuff. This is true.
WhenItsHalfPastFive ....We as a society have been propagandized to believe we HAVE to buy commercial toothpaste-filled with preservatives, random fillers and a warning that states "Do not swallow" ..My Gma taught me how to sew, cook and make my own toothpaste, I couldn't imagine buying commercial toothpaste..to each their own...
making soap is very easy. Toothpaste even easier--2 tbs baking soda, 2 tsp cinnamon, 2tsp ground sage, shake it up. Works great! Laundry soap easy too.
Hydrogen peroxide has a lot of uses. Cleans, disinfects, color safe bleach, carpet stain remover. Other common inexpensive nontoxic and environmentally friendly household items include baking soda, and white vinegar. The internet is full of tips.
@Lee G nope. Use from small spray bottle with a microfiber cloth. Sanitizes nicely too. Nontoxic. 1 bottle lasts me years, and that includes using it to extract herbs.
Great job on minimizing spending and still living the life you want to live. I a curious, you guesstimate a lot of this, why not track spending using an app?
I do business from home so internet is a must but everything u mentioned I totally agree - we really don’t need most of it- we also have a bidet for the past 7 years and limit the use tp and trips to the store which also cost money’s down ur right I only wash ur hair once a week it’s healthier for folicals
Ooooof, I wish my electric/gas bills were that low, tend to be near 250/mo for electric in summer and 150/mo gas in winter. Presumably majority of cost there is AC/furnace. Still trying to find ways to reduce that, it's hard though cause the house is poorly insulated and leaks a lot of air so short of turning AC/heater off they tend to run a lot (I also have renters so whilst I could myself wear socks/jacket, I want to keep house at a decent temp for renters). I suppose I could buy new AC/furnace units but it wouldn't fix poor insulation and I'd have to figure out how long pay off period would be and how long I intend to stay in this house (probably not forever).
Borrow an infrared video monitor to see what is leaking the most and add augmented insulation like layers on a window you stick on or plug up leaking air.
I'm similar my house was built in '46. Attic insulation is rat torn up and i once accidentally put a hole in the drywall to find no insulation at all in there. However using a full house fan when the weather is nice and setting my ac high when I'm not home helps a ton. No roommates let me do that though
How do you plan to combat thousands in insurance premiums in old age or will you just switch over to Medicare when it's time? Or do you have enough passive income to cover it all?
I don't think land line will work in my state during a power outage. All the carriers switched to running home phone through the cable modem. But with most providers it is bundled free with internet and cable
Thanks for showing us how you do it. Have you ever heard that comparison is the death of joy? I live in a big city so my costs can be larger. When I paid Cobra it was a killer. $677/mo./ single. Thank goodness I do not need that anymore. I have gone around the house and unplugged things I do not use all the time. I keep the TV plugged in and the microwave. It was too inconvenient to plug it in each time. Internet only on my phone. Right now I am at the library. My entertainment money I spend is $0. When I figure restaurants I have 2 categories. One is restaurant, when I stop to eat and the other is restaurant/social, when I go out with a friend. Thanks again for letting us see how you do it.
Don't get married whatever you do! Get an electric shaver and use cornstarch as shaving powder. A good electric shaver will last for years. I use the library online. I get my magazines online and even download articles in pdf format from my county library, I can also get books and some movies anywhere, anytime, on my computers or home wifi or public wifi from the county library. I don't look at it as free but, l paid for with my taxes which I have to pay whether I use the government services or not. Use as many government services and benefits as you can of course following the law and regulations. After all you paid and are paying for them.
you mentioned Tubi TV.... I also like PLUTO TV... it's just like having cable service... and it's free on internet (has on demand shows and also live shows.... all free)
Regarding girlfriends (or boyfriends, for that matter), it's 2019, one person should not pay for everything. If you think about it, it's even a little bit sexist to do so.
I've found that a financially too lopsided relationship leads to unhappiness for both partners. Each must take a fair share of responsibility based on assets and income. That needs to be discussed and worked out before any meaningful decisions in the relationship.
Yes agree. Mutual efforts on spending on dates AND I also expect my boyfriend to help out doing chores, clean and do dishes too. Someone who turns their nose up at helping out with little chores is not a keeper.
I'm happily married while I pay for most stuff. It's a give and take, and money is not the only thing people exchange in a relationship. Think about it more.
I finally get to show something i save on out of necessity. I use a (Good and pricy) electric razer to shave and I have A-LOT of facial hair. The reason i do this, Is not to save, but because my cheeks badly break out with acne even after using aftershave whenever i use razors so I stopped and fixed my problem.
I think the cheapest way to live is in a van and buy a cheap gym membership to shower in... I was thinking about this... I would only wanna do it for a couple years though... sit in my van day trading for a year or 2 and then “retire.” A van with internet, computer, tv, bed, gas stove, sink and bed... I like the minimalist lifestyle for the time in your life that you are trying to get stuff done and build wealth, then I will buy whatever I want. It’s kinda like a “one thing at a time mentality.” I like to eat all the vegetables first and then switch to the good part, the meat. I don’t like to balance work and play that much.
Tipis and yurts are surprisingly comfy if van isnt an option...and more spacious. I lived in such for years. For a super-cheap portable house, cheaper and easier than even tipis or yurts, buy a starplate dome connector set ($110) and 25 2×4s. Drill holes in ends...bolt together into icosahedral frame (about 2 hours)...wrap in canvas or tarps, et voila! Insulate as needed with rolls of reflectix or prodex. Can make it permanent in a few more hours by discovering the miracle of latex-concrete. Latexcrete will turn old sheets into a rock-solid wall or roof. I reroofed my garage with old sheets and latexcrete...works amazingly well! Housing so cheap, easy and affordable that its mind-boggling.
@@jlovesj3335 no such thing.Women want all the money but they'd rather their husband or boyfriend do all the heavy lifting. While they remain lazy and nagging.
@@frankiecal3186 That's like saying 'all men are terrible', it applies to a few, but not the majority. Most agree that their choice in partner is their own decision, and that they're free not to go out with a woman who is 'lazy' or 'nagging', but if they do, they've made their own bed.
I feel your self-employed health insurance pain. I'm guessing you're like me and hardly ever use it. We have some of the same habits- fractioning paper towels, produce bags as garbage bags, self-hair cuts...
Hi @Beatthebush. Can you attach or link a copy of the spread your showing so that I can attempt to compare my budget and adjust based on yours? Please and thank you 😀
BeatTheBush thank you. One more question. With regards to home repairs, do you put the 33 in a savings account for future use, just put it to the side, or buy items along the way?
i make my own soap because i don't like the harsh chemicals of commercial soap, i use 4 items that could be found in my kitchen, olive oil, coconut oil. distilled water and lye it needs 6 weeks to cure but it's worth the wait. I use 1:1:1 ratio of liquid sop, vinegar and water put it on sprayer bottles and that is what i use for cleaning everything, i have one in the toilet, one in the kitchen and 1 in my cleaning caddy.
My cable company has an internet package they don't advertise, 30mbit, it was 14.99 but they just raised the price 3 or 4 dollars. The next cheapest package is $50 for I think 100mbit. Also when you do run out of shampoo or conditioner, go to sally beauty supply, which is a store for cosmetologists, but anyone can shop there(you just don't get their super secret licensed cosmetologist discounts) and you can buy shampoo and conditioner by the gallon jug, for I think about 9 or 10 dollars. If you condition daily instead of shampoo, it leaves your hair pretty clean, but without stripping all the oils like most shampoo does. Similar in principle to your washing with just water.
@@BeatTheBush Yes, i found it listed as an option online, but it wouldn't even let me select it, I had to call in an specifically asking for that service to be installed. All their flyers and the main pages talking about their services don't even mention that tier.
This is exactly what I went through Mr. Bush. but I have a family, and we spend VERY little compared to most. and I think we are happier than most too, just building next eggs so I can retire in three years at age 33.
You forgot to include homeowners insurance vs renter's insurance, car property tax, registration fees, etc. Also, you can get toiletries and household items for very low cost or even free by couponing so you really don't need to sacrifice for those items. You can get coupons from Sunday newspaper inserts, printable coupons from various websites, or coupon resellers from the internet or ebay.
My electric bill was $300 this month. In Oklahoma and had to run the AC 24/7. It's usually closer to right under $200. Water/trash $89. Groceries $500. Internet $67. Phone (2 phones) $178. Eating out averages about $100/month for the husband and I together. Gas for the car $350 (husband drives an hour and 20 minutes one way to work). Car insurance (3 cars) $165. House insurance $110. Lots of doctor bills since we're over 55 about $200/mo. No mortgage :)
Now you have me looking over all of my expenses and re-eval how much I am spending and how can I save. You gave me a lot of good ideas Thanks. Curious you said you drink beer some times what is the beer you like to drink?
Free ones but I don’t even take those now. When I drank 1-2 a month I used to like La Fin Du Monde. Share a bottle with a friend and it’s a guaranteed good time.
This is the right way to go, if you earn $55k and spend $22k you are technically a rich person! I live a great life spending half of my salary. I don't need more, in fact I might reduce my spending to a third of my salary in the next years.
I am somewhat frugal, I don’t think I would want to go as far as you. I have to spend some on beer and vacations to stay happy at work, otherwise I’m like what is the point of working? I am a big saver as well but I have to cut loose sometimes.
This guy getting by on $6/day on food, and here I am, eating 4 meals all over $5 per day. Plus at least $5/day in snacks/drinks. A single chicken breast here in Canada is $5-10 haha.
I don't have an electric scooter, but when I was 16, 17, 18, 19, I used to skateboard everywhere and honestly, I used to make pretty good time too! I'm 23 now and I picked up a longboard and honestly if it's within 5 miles and I don't have to carry a bunch of stuff back, it's really nice. Especially helpful because my car is really bad on gas and takes 93 gas. It adds up really quickly, especially right now.
As a near 0 waster, I don’t buy trash bags. I have very little trash as it is but when I do need bags for trash, I use bread bags or chip bags or bags that came from shipping. They can’t or won’t be recycled many times. Just a suggestion I also compost my food waste so that saves a lot and is the right thing to do. If for some reason you can’t compost where you are, you can still separate out food waste from trash and place in freezer. This means your trash probably wouldn’t need to be thrown out as often bc of the smell
BeatTheBush I put a request out on nextdoor app asking if anyone in town had a compost pile or bin they would let me put my food waste into. A lady close by offered hers. So I currently bring mine there and she’s able to use the finished compost for her garden. And offered if I needed any to take some too
I got car ins $15 month just get the non well known providers,i called my home insurance and raised up the deductible to $10k now i only pay $475 year,turn off wifi at night its just wasting power while i sleep
Basically he values knowledge and experiences over things which is a great way of life and the easiest way to have peace.
The key here is knowing your finance inside and out, which most people do not.
Recite what you spend on everything. :D
Knowing your partner involves knowing much more than just finances. All the money means nothing if the basic relationship isn't sound. Your relationship, mutual respect and love needs to drive your finances, not the other way around.
Jee Vang that burn🔥🤣
Wow! You have certainly mastered budgeting your finances wisely. A person with such skills is less likely to become broke. Awesome video! Thanks
If I come dried up, one can easily cut in various ways to trim it even more.
This is great...we have cut back so much on our expenses we can spend on the stuff we really like...we paid off 60000 of debt and 33000 on our mortgage...it feels great to save so much and know we can have a great life living way below our means😁
That is great!
That's so good to pay so much debt off just think of the interest you will save over the coming years, keep it up 👍
I've already saved hundreds of $ by thinking of your "Don't buy it, you don't need it" before buying anything - thanks!
Haircut $0 ,that goes for me too I'm bald.Girlfriend $0, she left me because of it.
Lol
Win Win
great money saving life hack! just go bald!
also $0 shampoo and conditioner
Thats sad. She could bring in some cash too.
Makes me feel a lot better seeing your numbers. Ive had a budget for a long time and have a monthly spending of $3500... difference being that im still paying $700 a month on my mortgage AND I am married and have a 2 year old. We dont really skimp on quality of life either, sure we plan things out but sometimes we just spontaneously do/buy something and we just plan the rest of the month accordingly!
Everybody had their requirements of what services they have have. I suppose that is a good amount for family of three.
Another great video,Bush!👍👍
My eldest son lives this way! I try to this way of living with my sons. My eldest son has embraced it.He's doing well as an electrician. I try my best at living a frugal life
If I had a daughter, you'd be the ideal son n law! I appreciate your way of living
For years I thought i'm pretty damn cheap and knows all my expenses. this guy knows the wattage of every single electric equipment in his house. I don't know what to say.
Guy makes his own toothpaste
Dude same, this level of granularity is too much
I unplugged everything in my house and I saved 20.00 a month. It's not much but 240.00 a year adds up.
That's awesome. In New York everything is off the roof expensive
The Real Gee Same in California especially rent.
I wipe my ass with $240 fuck wasting time to do that bs
@@redloopy Individually it's not that much, but if you save $20 here, 20 there, it adds up. Some people can go through and chop out sometimes thousands from their monthly budget that they don't truly need. Investing that money instead of spending it, is how you become wealthy and comfortable. Say you need 20,000 to start a business, if you don't manage your money, you will probably never have the 20k. If you put $1000 into your business starting fund every month, you'll be ready to start your business in a little over a year and a half. There are lots of broke people who wipe their ass with $240, and that is why they are broke.
I heard it shortens the life of tv and computers if you unplug them daily?
I came across your channel because of prepper princess. I’m a new subscriber, looking forward to binge watching all your videos 😅😂🎉
I can really relate to your budget. As a senior, I have tried to cut my spending in all areas, and have broken it down by categories, as you have. I ask myself do I really need that, and take the item out if possible. Clothing is still a downfall, but you're right, if you have a few shirts and pants, you can only wear one outfit at a time. Good tips from you!😁
These are so good BTB. It inspires me to go back through every single line item our budget for cost reduction.
I minimized my expenses be cutting my desire to consume in general
Same here. It’s not even forcing yourself. It’s more like a.new realization and makes you immune to the need to spend much on objects.
It becomes a compelling and interesting challenge to pare down
@@jeevang7853 Cool man. Keep buying $1000 phones with an insane camera and incredible processing power....so you can take pictures of your feet and watch youtube....while still living with your mom.
@@TheTeatimecrumpet Damn dude u murdered him there...have some compassion mate!
@@TheTeatimecrumpet His is a homeowner, not living with even a housemate!
Girlfriend: $0. You could have started and stopped right there.
MGTOW for life !!
If my girlfriend becomes an expense I think it’ll be time to call quits.
Pretty much what i was thinking!
🤣🤣🤣
Girlfriend = expensive
Can't beat having the mortgage paid off for saving money! Once you're at that point, monthly expenses drop like a stone. I can't wait til I get there.
Depends, If I were buying a home today I would only take out a mortgage. Interest rates are still at or near historic lows and tax deductible, you can then also deduct your property tax and for a single person it will probably work out better than a paid house or condo. Just make sure you keep enough other liquid assets so can pay the mortgage off whenever you want.
The mortgage tax deduction is one of the big reasons we have an affordable housing crisis. The deduction is actually reflected in higher housing prices.
@@stuarthirsch the mortgage tax deduction is a US thing. Where I live (Canada), you don't get anything like that. Closest you'll get is if you use part of your house for a business, then you can deduct those portion of your expenses from your income.
@@silviag3798 Its a deduction, a long with the ability of deducting state and local property and real estate taxes that should never have been adopted, long since eliminated, but never will be. At least in the US. The only exceptions being if the house is a rental or business property.
@@stuarthirsch why would u want a house payment lol
@@kimjong-un5562 Thought I explained why I would want a house payment, provided the loan works in your favor, not against you. Because interest rates are near historic lows use other peoples money and get a tax deduction. A mortgage interest rate of 3% after the deduction can translate into an effective mortgage rate of 2% or less depending on the state you live in. This leverages your upside on the house if you sell or flip the house and also protects your downside risk. If there is another real estate collapse just let the mortgage company foreclose or do a short sale.
Great Video! I've always been a big believer in focusing on the big three when it comes to reducing expenses: home, transportation, and food, but this video really showed me the power of how trying to minimize spending in all categories can add up. I also like how you factor in a return on investment viewpoint when it comes to maintaining your quality of life. Why pay $50 for a service, when $20 will give me 90% of the value of the service? That last 10% is not worth it most of the time.
Thanks for taking the time to give us a visual. It's so helpful
I just found your channel and really like it. I have looked at this in much the same way since I was in my teens and now as I'm in my 60's. Do I need it, what's the cheapest way to get it and foremost is it really worth it.
Super interesting. I think it’s interesting to mentioned being local (groceries) means less waste & less resource waste for gas. Have you thought about composting & seeing how little you can get your waste disposal? You might be able to compost in the backyard & just have recycling!
I’m a reseller from home so I plan my trips to post offices right next to grocery stores, while driving I record a video in my car using my phone, then write the trip off with a mileage app. If I record 2 videos per trip then my groceries are basically paid for with ad revenue
Smart moves my man! Are you a pro reseller? I've been getting into selling car radios for good roi on eBay, what's your niche?
I love what you said about balance. It's all about getting the most with the least. Great Video!
For emergencies when cell phones don't work, get an emergency 2 way radio and learn how to use it. You do not need a license to use a radio for emergency purposes. Not a perfect solution but could still be a good life line. We use ours as a weather radio in the event of bad weather.
Hi Francis, You forgot the biggest cost item: i.e tax on return on assets (like stocks, savings, etc). I know you are going to say this varies person to person, but that is valid for all the cost items.
No one ever talk about it!!!
You don't pay the tax until you sell the stock. Warren Buffett rarely sells, therefore he pays less taxes. That is where his "I pay less taxes than my secretary" line comes from
Do you not have homeowners insurance? I didn't see that in the breakdown. I know you limit your exposure with less stuff, but you do have SOME stuff, like camera and computer. also, second question, Is it worth it to churn internet service companies?
I believe you only have to have a homeowners policy if you owe money on your house in the form of a mortgage. The bank makes it a requirement of the homeowner it to protect themselves from financial loss.
Girlfriends are really expensive, that's why I have a boyfriend now.
Ewwww
@@lostintime8651 LOL.... wow . he turned gay because he is trying to save money.
Lol
😂😂😂
Lmao
collect rain water in a sealed container and water your garden and plants to save on that.
Waste of time lol
What will that save you. One dollar?
your collection equipment cost may eat into that savings. I would go to those Chinese restaurants and ask for their used soy sauce buckets (hopefully for free) and go from there.
We need a discussion on self employed HEALTH INSURANCE.... it’s necessary but it keeps going up with no cap
I would say health is necessary, yes. However, insurance is not necessary for most people. Insurance does not ensure health. It does zilch to give you health. I have found it has opposite effect overall. Health is an inside job, not a toxic pill. Learn to give yourself health in real ways. Eat quality foods, avoid all toxins like plague (learn what they are, where lurking), exercise and care for body properly and avoid high-risk activities. Herbs and diet, lifestyle changes, mindset are more effective 99% of time than the medical route.
JustCallMeViv Elections are coming up use your power to vote wisely.
Once you use up all that soap get a bottle of Trader Joes All for One; soap, shampoo, and conditioner all in one, one small squirt packs a ton of cleaning power. Bar cloths are great instead of paper towels, cloth napkins are super cheap at Goodwill of any resale shop. The bar cloths and cloth napkins don't really add to the amount of laundry you do because they don't take up any room in the washer.
Thank you for the socks and cell service, my family is enjoying it.
When I had a landline, the costs kept climbing. It was getting to about $40/month and did not even include long-distance. Now, I have just a Tracfone cell and pay about $10/month.
I have the argument going with my (not $0) girlfriend about a landline in case of emergency. Our landline is actually VOIP which goes down when there is a power failure. There is no added emergency benefit. Just an expensive charge when we could just as well get magic jack or something.
Huge lesson in this video which is ASK FOR A DISCOUNT. Banks, credit card fees, insurance, utilities etc. can all be negotiable.
The "Girlfriend 0" spoke to me. FeelsBadMan
PepeHands
Health insurance has really gotten out of control. Having said that, please be careful switching to a less expensive, less comprehensive plan. Even relatively medical minor issues can really wipe a person out financially. I have good insurance now (I am a registered nurse and hospitals usually have good plans). If I were to leave and COBRA my insurance, the payments would be $900 + per month (insane). Having said that, I would maintain the insurance. I’ve had occasion to use my health insurance a lot this year (for minor things). And I literally would have had to spend tens of thousands of dollars with no insurance (or crappy insurance).
Millions of Americans are in what we call job lock because of things like insurance. They can’t leave their jobs to pursue others things they might want to do because insurance is crazy expensive. Insurance companies really screwed us over.
Come to France ! 😃
@@leila_de_hautjardin Great idea! I love France. :)
Honestly... It boggles my mind that the average person even has a monthly budget for clothing.
Burnt Sage it’s averaged over 12 months if you budget thoroughly
We keep a sinking fund for clothing, but we are a family of 4 with two growing kids. We are still well below what most people spend on one person.
I feel the same way! Once a year feels like too much for me.
@PearlPerlita Venegas yes kids are understandable but BTB's video is on the average person/adult....
90% of my clothes come from birthday or christmas presents from my parents
Just switched to Mint Mobile away from T-Mobile today because of your suggestion, thank you!
Glad your dolls came back. It adds something to your video. Thought you sold them from not seeing it on your past video.
I was cutting my own hair even before the pandemic. Watching youtube videos and buying the best barbering scissors you can afford. Also I buy a lot of my clothes in thrift stores. I like to buy men's sweaters because they ate much better quality than the women's clothes, and last so much longer. Plus you can get simpler styles in the men's section that don't really go out of fashion so they don't have to be replaced every season
You may be the only one who has a line in your budget for socks, at just $0.25. I love it 😝
Sign up for a credit union and they don’t have a minimum balance
Or Charles Swab checking is pretty good too.
Lol... I thought I was the only one who does the square method for paper towels until I saw this video. It's good to know you do it too.
Very thorough, great breakdown of life spending....I think anyone can gain some nuggets from this.
Thanks for sharing. It's great to learn that we can always live more with less.
I’m glad you pointed out that even if you’re both paying equally, you still spend more if you have a girlfriend because you simply go out more and do more stuff. This is true.
Long distance relationships are cheaper because you can just date on Skype
Good video, nice to see the breakdown of costs
We think alike. Love these videos 👌 I need more of this knowledge in my life.
I'm working on spread sheet now. Will use your format. Thanks
=D
this dude really making his own soap and toothpaste
He did NOT say he makes his own soap
I think I need a source of fat and lyme? Never did me that before.
WhenItsHalfPastFive ....We as a society have been propagandized to believe we HAVE to buy commercial toothpaste-filled with preservatives, random fillers and a warning that states "Do not swallow" ..My Gma taught me how to sew, cook and make my own toothpaste, I couldn't imagine buying commercial toothpaste..to each their own...
making soap is very easy. Toothpaste even easier--2 tbs baking soda, 2 tsp cinnamon, 2tsp ground sage, shake it up. Works great! Laundry soap easy too.
Just get lye from drain cleaners. Some drain cleaners are literally just lye.
Now for cleaning, i buy :
- HYDROGEN PEROXIDE ($1 store 32 oz)
- BLEACH ($1 store)
- Reusable wipes
Sun Set same. Dollar tree is amazing
Hydrogen peroxide has a lot of uses. Cleans, disinfects, color safe bleach, carpet stain remover. Other common inexpensive nontoxic and environmentally friendly household items include baking soda, and white vinegar. The internet is full of tips.
Cheap (really cheap on sale) vodka is an amazing household cleaner. Also, isopropyl alcohol but thats toxic. Nothing better for windows.
@Lee G nope. Use from small spray bottle with a microfiber cloth. Sanitizes nicely too. Nontoxic. 1 bottle lasts me years, and that includes using it to extract herbs.
White vinegar is excellent for MANY cleaning jobs. Cheap as hell.
Great job on minimizing spending and still living the life you want to live. I a curious, you guesstimate a lot of this, why not track spending using an app?
I do business from home so internet is a must but everything u mentioned I totally agree - we really don’t need most of it- we also have a bidet for the past 7 years and limit the use tp and trips to the store which also cost money’s down ur right I only wash ur hair once a week it’s healthier for folicals
All about limited your expenses and still get a reasonable good quality of life. Bidet is cheaper in the long run AND it improves QOL.
Ooooof, I wish my electric/gas bills were that low, tend to be near 250/mo for electric in summer and 150/mo gas in winter. Presumably majority of cost there is AC/furnace. Still trying to find ways to reduce that, it's hard though cause the house is poorly insulated and leaks a lot of air so short of turning AC/heater off they tend to run a lot (I also have renters so whilst I could myself wear socks/jacket, I want to keep house at a decent temp for renters). I suppose I could buy new AC/furnace units but it wouldn't fix poor insulation and I'd have to figure out how long pay off period would be and how long I intend to stay in this house (probably not forever).
Borrow an infrared video monitor to see what is leaking the most and add augmented insulation like layers on a window you stick on or plug up leaking air.
I'm similar my house was built in '46. Attic insulation is rat torn up and i once accidentally put a hole in the drywall to find no insulation at all in there. However using a full house fan when the weather is nice and setting my ac high when I'm not home helps a ton. No roommates let me do that though
Watched the whole video, awesome!
How do you plan to combat thousands in insurance premiums in old age or will you just switch over to Medicare when it's time? Or do you have enough passive income to cover it all?
May I’ll have to love to Thailand lol!!!
I don't think land line will work in my state during a power outage. All the carriers switched to running home phone through the cable modem. But with most providers it is bundled free with internet and cable
Thanks for showing us how you do it. Have you ever heard that comparison is the death of joy?
I live in a big city so my costs can be larger.
When I paid Cobra it was a killer. $677/mo./ single. Thank goodness I do not need that anymore.
I have gone around the house and unplugged things I do not use all the time.
I keep the TV plugged in and the microwave. It was too inconvenient to plug it in each time.
Internet only on my phone. Right now I am at the library.
My entertainment money I spend is $0.
When I figure restaurants I have 2 categories.
One is restaurant, when I stop to eat and the other is restaurant/social, when I go out with a friend.
Thanks again for letting us see how you do it.
Hope I’m not killing anyone’s job by people comparing how little one can spend.
@@BeatTheBush wish I was that wise years ago and saved it. I retired 1 year early. Therefore the Cobra.
Hey! super serious question, WHERE did you find those chairs????! they are so nice!
Don't get married whatever you do! Get an electric shaver and use cornstarch as shaving powder. A good electric shaver will last for years. I use the library online. I get my magazines online and even download articles in pdf format from my county library, I can also get books and some movies anywhere, anytime, on my computers or home wifi or public wifi from the county library. I don't look at it as free but, l paid for with my taxes which I have to pay whether I use the government services or not. Use as many government services and benefits as you can of course following the law and regulations. After all you paid and are paying for them.
@Angel rose I should have married you.
Stuart Hirsch True it’s not the governments money it’s the people’s money who pay taxes.
@@thenoicemango1827 Absolutely correct.
Thanks for the details.
you mentioned Tubi TV.... I also like PLUTO TV... it's just like having cable service... and it's free on internet (has on demand shows and also live shows.... all free)
Great idea. I am going to start using my personal electric vehicle to go to the library.
Living a good quality of life on minimal expenses 👍🏻
Great video and very informative--You have a great budget!
Thank you!
Regarding girlfriends (or boyfriends, for that matter), it's 2019, one person should not pay for everything. If you think about it, it's even a little bit sexist to do so.
I've found that a financially too lopsided relationship leads to unhappiness for both partners. Each must take a fair share of responsibility based on assets and income. That needs to be discussed and worked out before any meaningful decisions in the relationship.
Yes agree. Mutual efforts on spending on dates AND I also expect my boyfriend to help out doing chores, clean and do dishes too. Someone who turns their nose up at helping out with little chores is not a keeper.
I'm happily married while I pay for most stuff. It's a give and take, and money is not the only thing people exchange in a relationship. Think about it more.
Shouldn't matter
I finally get to show something i save on out of necessity. I use a (Good and pricy) electric razer to shave and I have A-LOT of facial hair. The reason i do this, Is not to save, but because my cheeks badly break out with acne even after using aftershave whenever i use razors so I stopped and fixed my problem.
See this guy does not blow his money on strippers, drugs, and gambling lol now thats discipline
Short Change lol
Life is way cheaper without a girlfriend. Dating can be a vortex of expenses. I enjoyed it but going solo has its benefits.
I think the cheapest way to live is in a van and buy a cheap gym membership to shower in... I was thinking about this... I would only wanna do it for a couple years though... sit in my van day trading for a year or 2 and then “retire.” A van with internet, computer, tv, bed, gas stove, sink and bed... I like the minimalist lifestyle for the time in your life that you are trying to get stuff done and build wealth, then I will buy whatever I want. It’s kinda like a “one thing at a time mentality.” I like to eat all the vegetables first and then switch to the good part, the meat. I don’t like to balance work and play that much.
Tipis and yurts are surprisingly comfy if van isnt an option...and more spacious. I lived in such for years.
For a super-cheap portable house, cheaper and easier than even tipis or yurts, buy a starplate dome connector set ($110) and 25 2×4s. Drill holes in ends...bolt together into icosahedral frame (about 2 hours)...wrap in canvas or tarps, et voila! Insulate as needed with rolls of reflectix or prodex. Can make it permanent in a few more hours by discovering the miracle of latex-concrete. Latexcrete will turn old sheets into a rock-solid wall or roof. I reroofed my garage with old sheets and latexcrete...works amazingly well!
Housing so cheap, easy and affordable that its mind-boggling.
We have the same budget, but I'm still working on my rent/mortgage and my others is def higher. I'll def work on this 👌
Yeah... it took me years to get it this low. One type of spending may take me a month or so to slowly work on the logistics, call them, etc.
We appreciate you!
Moral of the story don't get a girlfriend and you can retire early and spend that money on yourself.Check Mate.
Makes sense. Only date within your range. Smarter to date a man who can comfortably afford a woman.
@@jlovesj3335 no such thing.Women want all the money but they'd rather their husband or boyfriend do all the heavy lifting. While they remain lazy and nagging.
@@frankiecal3186 that's what attracts you...lmao
@@frankiecal3186 That's like saying 'all men are terrible', it applies to a few, but not the majority. Most agree that their choice in partner is their own decision, and that they're free not to go out with a woman who is 'lazy' or 'nagging', but if they do, they've made their own bed.
I feel your self-employed health insurance pain. I'm guessing you're like me and hardly ever use it.
We have some of the same habits- fractioning paper towels, produce bags as garbage bags, self-hair cuts...
Hi @Beatthebush. Can you attach or link a copy of the spread your showing so that I can attempt to compare my budget and adjust based on yours? Please and thank you 😀
I'll be sure to include something next time I use a burn rate calc. I do have a spreadsheet for Networth though.
BeatTheBush thank you. One more question. With regards to home repairs, do you put the 33 in a savings account for future use, just put it to the side, or buy items along the way?
Having a husband or bf is great for a second income. Even a roommate helps.
i make my own soap because i don't like the harsh chemicals of commercial soap, i use 4 items that could be found in my kitchen, olive oil, coconut oil. distilled water and lye it needs 6 weeks to cure but it's worth the wait. I use 1:1:1 ratio of liquid sop, vinegar and water put it on sprayer bottles and that is what i use for cleaning everything, i have one in the toilet, one in the kitchen and 1 in my cleaning caddy.
Do you write down every penny you spend? Do you track everything? Do yoy add it all up at ejd of year
My cable company has an internet package they don't advertise, 30mbit, it was 14.99 but they just raised the price 3 or 4 dollars. The next cheapest package is $50 for I think 100mbit. Also when you do run out of shampoo or conditioner, go to sally beauty supply, which is a store for cosmetologists, but anyone can shop there(you just don't get their super secret licensed cosmetologist discounts) and you can buy shampoo and conditioner by the gallon jug, for I think about 9 or 10 dollars. If you condition daily instead of shampoo, it leaves your hair pretty clean, but without stripping all the oils like most shampoo does. Similar in principle to your washing with just water.
The pricing on internet is so hidden sometimes. You can get some special deal in some special way.
@@BeatTheBush Yes, i found it listed as an option online, but it wouldn't even let me select it, I had to call in an specifically asking for that service to be installed. All their flyers and the main pages talking about their services don't even mention that tier.
This is exactly what I went through Mr. Bush. but I have a family, and we spend VERY little compared to most. and I think we are happier than most too, just building next eggs so I can retire in three years at age 33.
Are you retired now?
This is exactly what we need to work towards....not more material things, hope we can make it on our debt free journey first lol
Good luck on your journey!
You forgot to include homeowners insurance vs renter's insurance, car property tax, registration fees, etc. Also, you can get toiletries and household items for very low cost or even free by couponing so you really don't need to sacrifice for those items. You can get coupons from Sunday newspaper inserts, printable coupons from various websites, or coupon resellers from the internet or ebay.
Those are added already part of housing.
Good video, i wouldn't ride to the library because that would waste a lot of time and your time is very valuable.
...and then The Bush plugs the scooter into the library's outlet for the trip home. Every penny counts!
My electric bill was $300 this month. In Oklahoma and had to run the AC 24/7. It's usually closer to right under $200. Water/trash $89. Groceries $500. Internet $67. Phone (2 phones) $178. Eating out averages about $100/month for the husband and I together. Gas for the car $350 (husband drives an hour and 20 minutes one way to work). Car insurance (3 cars) $165. House insurance $110. Lots of doctor bills since we're over 55 about $200/mo. No mortgage :)
my homeless resident outside got a better body than me
he got six-pack with muscles.
he plays basketball every day
I drink beer every day
Now you have me looking over all of my expenses and re-eval how much I am spending and how can I save. You gave me a lot of good ideas Thanks. Curious you said you drink beer some times what is the beer you like to drink?
Free ones but I don’t even take those now. When I drank 1-2 a month I used to like La Fin Du Monde. Share a bottle with a friend and it’s a guaranteed good time.
@@BeatTheBush Ok I will have to try La Fin Du Monde but like you I like the free ones as well Ha, ha, ha... Thanks :-)
@@BeatTheBush You FANCY
This is the right way to go, if you earn $55k and spend $22k you are technically a rich person!
I live a great life spending half of my salary. I don't need more, in fact I might reduce my spending to a third of my salary in the next years.
He doesn't buy new phone , clothes, shoes every month like people
Damn, I wish my home repair bills averaged out to 30 dollars a month. lol But I also own a 100 year old house and old houses tend to be money pits.
I can appreciate what you're doing. I keep 60% of my income as disposable. It works well for me and my financial goals.
It's great to have A LOT of moving room.
I am somewhat frugal, I don’t think I would want to go as far as you. I have to spend some on beer and vacations to stay happy at work, otherwise I’m like what is the point of working? I am a big saver as well but I have to cut loose sometimes.
This guy getting by on $6/day on food, and here I am, eating 4 meals all over $5 per day. Plus at least $5/day in snacks/drinks. A single chicken breast here in Canada is $5-10 haha.
I really need to know where you shop for groceries. I have never been able to survive in CA for such low costs. Cheers!!
Sprouts. I buy mostly unprocessed food like veggies and grains.
I don't have an electric scooter, but when I was 16, 17, 18, 19, I used to skateboard everywhere and honestly, I used to make pretty good time too! I'm 23 now and I picked up a longboard and honestly if it's within 5 miles and I don't have to carry a bunch of stuff back, it's really nice.
Especially helpful because my car is really bad on gas and takes 93 gas. It adds up really quickly, especially right now.
As a near 0 waster, I don’t buy trash bags. I have very little trash as it is but when I do need bags for trash, I use bread bags or chip bags or bags that came from shipping. They can’t or won’t be recycled many times. Just a suggestion
I also compost my food waste so that saves a lot and is the right thing to do. If for some reason you can’t compost where you are, you can still separate out food waste from trash and place in freezer. This means your trash probably wouldn’t need to be thrown out as often bc of the smell
Same, no trash bags here. I probably should get a composting bin but not yet.
BeatTheBush I put a request out on nextdoor app asking if anyone in town had a compost pile or bin they would let me put my food waste into. A lady close by offered hers. So I currently bring mine there and she’s able to use the finished compost for her garden. And offered if I needed any to take some too
Netflix can be free or you can buy the cards on ebay for free months
how?
Mint mobile isn't running that promo anymore.
Sadness...
I got car ins $15 month just get the non well known providers,i called my home insurance and raised up the deductible to $10k now i only pay $475 year,turn off wifi at night its just wasting power while i sleep
carlosbam how is your car insurance $15 a month??
Paws Not Claws you gotta go to the ghetto side of town not those brand name insurance its legit just cheap and basic especially for older cars
I signed up for mint mobile through this channel. Easy savings so thanks for that!
You seem really smart - I feel like instead of trying to cut down on low expenses like soap, you have the ability to make a lot more money
by far the best video I've seen today.
=D Thank you! New icon? =D