I'm debt free, I think the most important thing that helped me is cook my food & pack my lunch. That literally has helped me save tens of thousands of dollars over my lifetime of work.
I usually did this too-after the early 1990s-which is when every place began to sell pizza and nothing else. It always amazed me just how much a slice could end up costing you and after a while pizza is just not interesting. I enjoyed what I made much more, but it did take time and effort to keep it organized.
Yes, I have made a strict food budget, which I'm sticking to...and stopped going out and eating out. It has become too expensive, especially when paying for me and my child.
We became debt-free and I was 48. Mortgage paid off everything done. Some of the things that really helped us other than budgeting and tracking spending was we never bought cigarettes or alcohol. Our entertainment was library videos and church events and family events. We ate out once a month but pack lunches made breakfast ate leftovers and cooked at home. I made freezer meals and bought in bulk. We shopped at garage sales and clearance racks for our clothes. We bought good used cars and took care of them and drove them for several years. In the meantime we were saving money so when we bought our next car we had a polycash to put toward the car as the years went on we were able to put more and more down on cars until we were able to pay cash for them. We didn't take expensive vacations. We plan to head and paid cash for vacations. We lived a simple life. It wasn't always easy but we knew in the long run this was how to reach our goal. We never tried to keep up with the Joneses and sure people made fun of us. But where are they now?
My dad many yrs ago used the envelope system. I know this is obsolete, but he didn’t believe in using credit cards for everything. So he had envelopes, for example, saving for a new washer, fridge, home repairs, vacations, savings, etc. it worked for him. Paid off their home, had a beautiful home, went on vacation every year all on a postal worker salary. Mom was a stay at home mom.
@@cynthiahillian my dad would divide his bills up by 2 because he would get paid every 2 weeks. So one envelope each for mortgage, gas, electric, telephone, food, car insurance, gas for the car, savings for future retirement, savings for home improvements, clothing, etc. He saved for the necessities n if there was money left over, it went for clothing n home improvements, vacations.
Not completely obsolete. My husband and I have been using envelopes since we got married (ages 26) and we still use them at 40. Not quitting anytime soon. The leftover money at the end of the month gets put into our Christmas fund. We haven't had to budget for Christmas, ever.
Thanks for the video. I finally established a way to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My 401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line.
Facing your medicine can be difficult. However, with commitment, you'll ultimately reach a highly satisfying place. It's all about the actions you're willing to take.
Your financial journey is truly inspiring, and I'm currently striving to achieve the goals you've reached. Could you please share some tips to help others learn and navigate their own paths to financial success? Your insights would be invaluable.
I put a lot of things I want in my Amazon cart. Then later I look at my cart and move about half the items in the save for later spot. Then I look at everything later and delete most of the items, knowing I really don't need them. I feel like I've shopped thru this whole process and that satisfied the shopping urge!
#5. Its difficult to have patience when paying mortgage off. I watched a Jereme and wife buy a inexpensive home ( paid cash) for like $80,000 in Michigan. They moved from Portland, Oregon. They did all the home renovations and cash flowed them. Wife got to quit job and stay home with newborn. Realize that you are the manager of your home and money; but never forget that God owns it all.
Gud tips. I am from South India. I hand wash my clothes and dishes n use only detergent cakes n dish bars which is only 10 rs. I have millets porridge instead of cornflakes and museli as they r expensive. I handdry the clothes n lihe up at the backyard.
I live in Philadelphia and line dry the clothes year round, outside in dry weather and inside in wet. Haven’t used a tumble dryer in years. Not only a big savings on utility but clothes last and look nicer
Thank you for teaching people how to deal with their money and become debt free. One can sleep so much better at night, knowing that you don't owe anything and can deal with emergencies. Understanding the difference between needs and wants is so very important.
For me - I treat saving as an expense, much like rent and power, as soon as I'm paid my savings go out with the other expenses. After all, I've got to pay the person that manages my funds (me). I pray that Hope will get better! ❤
I just paid off my only credit card I have for the 3 time. Now I am taking that money and putting it toward my roof loan plus the monthly payment was on my credit card. I will be debt-free. I am going to try to do this in six months which I know I can if I give up all the little things I’m throwing away on my money my wants not my needs.
I don't go out drinking, I do hit clearance area at Kroger & Winco buying single broken cans of beer for .75 or $1.00. One every now & then, much cheaper than buying atmosphere.
The very first funny book I ever read was by David Bock automatic millionaire. I set everything up to automatically go into investment savings, mortgage, etc. with the help of his book. I paid off my mortgage in seven years start to finish. I’ve read at least 300 books on finance and frugal living plus money magazines for years and years and I still watch UA-cam videos all the time and read everything I can. I love you guys too.
We have developed a budget with multiple categories and assigned money for each one. Then we write and subtract expenses to keep track of our balance on each. When the money is gone, we are out. It's in the kitchen taped on a cupboard so everyone can see where we are at (it doesn't include house payment, utilities, cell phone, medical, etc.). When the money is out of the category, we can point to it if our kids ask why we can't buy this or that.
Wonderful way to make it concrete for kids. I'm a teacher and most students in elementary school think money is unlimited because parents pull out a plastic card. The kids have a hard time making the connection between money and the card. Card seems unlimited and free to the kids
I think one of the biggest mistakes people make when they try to make a budget is there are including every last thing. They take all the bills that they have accumulated that they have made whether those bills are necessary or extra and then they try to make the little bit that they have stretch to cover everything, including the things that they no longer use or they don't really even pay attention to. I saw a woman in the grocery store who was buying up all the regular stuff that her family ate, instead of two processed pizzas although on sale, she went ahead and got the one big overpriced Pizza that was the brand that she wanted. Instead of getting the generic brand of something, she said they had to have these four boxes of specific cereal whether they were on sale or not. Then when she got up to the checkout counter then she had to start putting things back. This was basically a waste of her grocery trip. Budgeting is not only with money, budgeting is with time, budgeting is with relationships, budgeting is with every aspect of your life.
Sorry to hear about Hope. Did she need surgery. She’s a young healthy woman and will recover soon. All my best to her and thank you for holding the fort and taking care of her. Martha from Miami .
In other words,focus on your four walls. Housing Utilities Food Medical Transportation Insurance. These are necessary. Starbucks,the Stanley cup,not essential to life.
I’ve been watching your channel every single one of them and really love all your advice you’ve given me last month when I went grocery shopping I spent about $200 and it’s just me and my husband at home so I met my business that this month I was gonna go to two different supermarkets like Aldi and RideShopRite and I only spent $107 and got great bargains and only bought things were on sale and this is because of your wonderful advice I want to thank you so much and God bless both of you hope and Larry
So so sorry you’re hurt Hope😢 definitely praying for less pain and ❤️🩹 quick healing thinking of both of you it’s just so sad you’ve both had to deal with injuries I am just so sorry !!🙏🙏🙏
I still have my landline. For me, it's worth the cost. Much of what I do online: tell politicians what they're doing wrong, donating to charity, etc. requires a phone number. I give them my landline & rarely answer it (although I do look up a number occasionally). I get snail & email from most of them, I do not want to talk to them. Keeping my landline means a lot fewer nonsense calls to my cell phone
Question about your emergency fund - Do you keep your emergency fund money separate from your "furnace repair" money or do you keep a sinking fund for the furnace?
Delayed gratification is an exercise in 'This or That.' Which do I a want more - THIS thing right now or THAT thing in a month, 6 months, or 30 years? Thinking of it as This or That is as helpful as the goal with "so that" at the end.
Practicing DELAYED GRATIFICATION is probably THE MAIN reason that separates successful people from unsuccessful people. I had a dear friend that spent every pay check buying really nice clothes.. while I had the same boaring wardrobe. I was stashing every available dollar into savings for a house. A few years later she visited my new, modest home and said.. . Ohh how lucky you are! I pointed out that was NOT LUCK but simply the power of being goal oriented... or Delayed Gratification.
Yes! Ready to save money!!!! We have to rebuild our savings after a big project that had to be done on our property. Thankfully we have saved and saved so we could “afford” it but we are digging deep to rebuild as fast as possible
We have practiced #3, continual learning, with more and lesser emphasis for years. In today's lingo it would be more along the lines of being "self sufficient" but we have seen it more along the lines of being able to do more for ourselves, adding a skill set, expanding on a skill set, or learning additional things we can do with the tools and equipment we own. When going beyond our comfort zone for skills and equipment/ tools sets we have generally although not always, started small with "carefully sourced" (free is always nice) materials and projects which will work with all those hand crafted imperfections. Translated, this has often meant meeting wants more so than needs although this doesnt mean that the want wasnt functional. When living frugally, meeting wants for almost for free is more important than many realize.
Once I got debt free 2009 I had to get a loan for the car to bring dad places 2019 loan. It was just a couple thousand dollars but I felt shameful. Paid it off and had not been back. Buying a quality vehicle wes just smart. I got a hybrid vehicle because I get destroyed by a hurricane I can live out of the car. I need to practice car camping because I took off last year I was not ready. I had things I wanted to do but couldn't because I was not ready. Now I'm home I need to practice my survival so I will be there when it's needed.
I'm debt free, I think the most important thing that helped me is cook my food & pack my lunch. That literally has helped me save tens of thousands of dollars over my lifetime of work.
Definitely agree. Eating out is so expensive and becomes a habit very quickly!😮
I usually did this too-after the early 1990s-which is when every place began to sell pizza and nothing else. It always amazed me just how much a slice could end up costing you and after a while pizza is just not interesting. I enjoyed what I made much more, but it did take time and effort to keep it organized.
Yes, I have made a strict food budget, which I'm sticking to...and stopped going out and eating out. It has become too expensive, especially when paying for me and my child.
And brew your own coffee….. it’s crazy how much people spend on high calorie coffee drinks 😳
Not to mention the savings in healthcare.
We became debt-free and I was 48. Mortgage paid off everything done. Some of the things that really helped us other than budgeting and tracking spending was we never bought cigarettes or alcohol. Our entertainment was library videos and church events and family events. We ate out once a month but pack lunches made breakfast ate leftovers and cooked at home. I made freezer meals and bought in bulk. We shopped at garage sales and clearance racks for our clothes. We bought good used cars and took care of them and drove them for several years. In the meantime we were saving money so when we bought our next car we had a polycash to put toward the car as the years went on we were able to put more and more down on cars until we were able to pay cash for them. We didn't take expensive vacations. We plan to head and paid cash for vacations. We lived a simple life. It wasn't always easy but we knew in the long run this was how to reach our goal. We never tried to keep up with the Joneses and sure people made fun of us. But where are they now?
Yall did good Proud of it 😊
You’re in the popular crowd for sure! I think you’re great!
Thanks for your testimony
My dad many yrs ago used the envelope system. I know this is obsolete, but he didn’t believe in using credit cards for everything. So he had envelopes, for example, saving for a new washer, fridge, home repairs, vacations, savings, etc. it worked for him. Paid off their home, had a beautiful home, went on vacation every year all on a postal worker salary. Mom was a stay at home mom.
Got me out of debt.
What's in the envelope is what it's for. When it's done it's done.
Never robbed one envelope for another.
@@cynthiahillian my dad would divide his bills up by 2 because he would get paid every 2 weeks. So one envelope each for mortgage, gas, electric, telephone, food, car insurance, gas for the car, savings for future retirement, savings for home improvements, clothing, etc. He saved for the necessities n if there was money left over, it went for clothing n home improvements, vacations.
Not completely obsolete. My husband and I have been using envelopes since we got married (ages 26) and we still use them at 40. Not quitting anytime soon. The leftover money at the end of the month gets put into our Christmas fund. We haven't had to budget for Christmas, ever.
I use the envelope system it gives every dollar I have a job
Thanks for the video. I finally established a way to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My
401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line.
Congratulations on taking the steps necessary to get yourself out of the financial bind you were in.
Facing your medicine can be difficult. However, with commitment, you'll ultimately reach a highly satisfying place. It's all about the actions you're willing to take.
Your financial journey is truly inspiring, and I'm currently striving to achieve the goals you've reached. Could you please share some tips to help others learn and navigate their own paths to financial success? Your insights would be invaluable.
SAMUEL PETER DESCOVICH
GOOGLE the name
Samuel Peter Descovich that's whom I work with
I put a lot of things I want in my Amazon cart. Then later I look at my cart and move about half the items in the save for later spot. Then I look at everything later and delete most of the items, knowing I really don't need them. I feel like I've shopped thru this whole process and that satisfied the shopping urge!
I do that too!! We must be cousins!!
@@pamelajuniel3151 we must be Amazon cousins! Lol!
Same!
I do it, too!
Same!
Heal at your own pace Hope! We will be here when you return. All the best to you and Larry on your joint healing journey.
#5. Its difficult to have patience when paying mortgage off. I watched a Jereme and wife buy a inexpensive home ( paid cash) for like $80,000 in Michigan. They moved from Portland, Oregon. They did all the home renovations and cash flowed them. Wife got to quit job and stay home with newborn. Realize that you are the manager of your home and money; but never forget that God owns it all.
Amen Totally Agree🙏❤
Jereme stopped posting quite awhile ago. I hope they're ok
Prayers for Hope. Take your time in recovery. We will be here when you get back.
Gud tips. I am from South India. I hand wash my clothes and dishes n use only detergent cakes n dish bars which is only 10 rs. I have millets porridge instead of cornflakes and museli as they r expensive. I handdry the clothes n lihe up at the backyard.
I live in Philadelphia and line dry the clothes year round, outside in dry weather and inside in wet. Haven’t used a tumble dryer in years. Not only a big savings on utility but clothes last and look nicer
Praying for Hope❤
Me too!!
You can God make you free
What's wrong with hope
@@stevehartman1730 she fell and broke her arm in 3 places.
Thank you for teaching people how to deal with their money and become debt free. One can sleep so much better at night, knowing that you don't owe anything and can deal with emergencies. Understanding the difference between needs and wants is so very important.
Prayers your arm heals quickly Hope. You both have been such a great encouragement to save for emergencies for health, home, car..etc.
Continued prayers for your healing Larry! We haven't seen you use your right hand since your accident. And Now prayers of healing for Hope! 🙏🙏🙏
For me - I treat saving as an expense, much like rent and power, as soon as I'm paid my savings go out with the other expenses. After all, I've got to pay the person that manages my funds (me).
I pray that Hope will get better! ❤
Praying for her! Please update us!!
Praying for Hope and Larry. Yes I love to save money!
So sorry to hear that it just sounds painful really! Hopefully she can get some rest and recover quickly
Praying for you Hope and Larry! ❤
So so sorry to hear about Hope's arm. And you are still with one arm mostly down too. Prayers and blessings to both of you.
I just paid off my only credit card I have for the 3 time. Now I am taking that money and putting it toward my roof loan plus the monthly payment was on my credit card. I will be debt-free. I am going to try to do this in six months which I know I can if I give up all the little things I’m throwing away on my money my wants not my needs.
Yes I love to save money- but more importantly- prayers for Hope 🙏🏼offered for quick healing and recovery ✝️
How is Hope? You are in my prayers!
Prayers For A speedy recovery !!!!!!
I hope everything is okay
Prayers for a speedy recovery for Hope. Splints are no fun.
Sorry to hear things are not well. Sending out prayers and blessings.
Yes I am ready to save money.
Hope you're doing better Hope❤❤❤❤
Ready to SAVE & prioritize my money!!
I don't go out drinking, I do hit clearance area at Kroger & Winco buying single broken cans of beer for .75 or $1.00. One every now & then, much cheaper than buying atmosphere.
You two are a beautiful couple! Thanks for sharing such helpful and practical information.
Praying for comfort, peace and speedy healing for Hope!
The very first funny book I ever read was by David Bock automatic millionaire. I set everything up to automatically go into investment savings, mortgage, etc. with the help of his book. I paid off my mortgage in seven years start to finish. I’ve read at least 300 books on finance and frugal living plus money magazines for years and years and I still watch UA-cam videos all the time and read everything I can. I love you guys too.
We have developed a budget with multiple categories and assigned money for each one. Then we write and subtract expenses to keep track of our balance on each. When the money is gone, we are out. It's in the kitchen taped on a cupboard so everyone can see where we are at (it doesn't include house payment, utilities, cell phone, medical, etc.). When the money is out of the category, we can point to it if our kids ask why we can't buy this or that.
Wonderful way to make it concrete for kids. I'm a teacher and most students in elementary school think money is unlimited because parents pull out a plastic card. The kids have a hard time making the connection between money and the card. Card seems unlimited and free to the kids
I think one of the biggest mistakes people make when they try to make a budget is there are including every last thing. They take all the bills that they have accumulated that they have made whether those bills are necessary or extra and then they try to make the little bit that they have stretch to cover everything, including the things that they no longer use or they don't really even pay attention to.
I saw a woman in the grocery store who was buying up all the regular stuff that her family ate, instead of two processed pizzas although on sale, she went ahead and got the one big overpriced Pizza that was the brand that she wanted. Instead of getting the generic brand of something, she said they had to have these four boxes of specific cereal whether they were on sale or not. Then when she got up to the checkout counter then she had to start putting things back. This was basically a waste of her grocery trip.
Budgeting is not only with money, budgeting is with time, budgeting is with relationships, budgeting is with every aspect of your life.
Praying for you Hope and Larry for a speedy recovery. Yes, I’m ready to safe money.
Sorry to hear about Hope. Did she need surgery. She’s a young healthy woman and will recover soon. All my best to her and thank you for holding the fort and taking care of her. Martha from Miami .
Sending prayers for Hope to have a fast and full recovery.
In other words,focus on your four walls.
Housing
Utilities
Food
Medical
Transportation
Insurance.
These are necessary.
Starbucks,the Stanley cup,not essential to life.
I am praying for your healing.
The same here. No need to have a credit card debt. Cook at home, buy only what you need, it is possible to do it.
Best wishes and prayers to Hope!
❤ 🙏🏻 Prayers for Hope, ❤
Yes. I am ready.
Everytime hope says priorotize I smile I know how much she loves this word
Yes I am ready to get out of debt
You all have the Best, most helpful channel, in my opinion. There are other good ones too, but not as good! You've helped me a lot.
Oh yes i am ready to save more and more money $$$. Thanks for sharing... xoxoxo...
Praying for you all 💗🙏
I recently started using the 50 30,20 budget rule
Yes, It’s ready to save money!
how did i get here from the bills vd chiefs divisional game? idk but glad i found this
Sorry for your injury. 😢
Prayers for you, Hope, and your family.
Prayers gling up for supernatural healing for Hope's arm. Good video!
I just wanted to let you know Hope that your hair looks so beautiful up !!!!!
Prayers for Hope!! Take it easy.
we're just waiting for you hope you have a speedy recovery will be praying for you..
Prayers for Hope 🙏🙏🙏💕
Many base their spending on instant gratification.
My best whishes to Hope!
Hi,all.
Hope,nice to see you.glad you're doing well after your fall.
Praying for your family.
Deylayed gratification also works in the sense of the item you want, becomes available for less money (or free). Tech especially.
Awesome point! So very true
YES I'm READY to save money 💰 😊
From Kingsville, Ohio ❤ 🎉😊
I’ve been watching your channel every single one of them and really love all your advice you’ve given me last month when I went grocery shopping I spent about $200 and it’s just me and my husband at home so I met my business that this month I was gonna go to two different supermarkets like Aldi and RideShopRite and I only spent $107 and got great bargains and only bought things were on sale and this is because of your wonderful advice I want to thank you so much and God bless both of you hope and Larry
Speedy recovery, Hope!
Yes I’m ready to save money👍
Praying
So so sorry you’re hurt Hope😢 definitely praying for less pain and ❤️🩹 quick healing thinking of both of you it’s just so sad you’ve both had to deal with injuries I am just so sorry !!🙏🙏🙏
I am a Senior with low income but thankfully no debt at this time .
Love you hair up
Looks great
Good to see both you and Hope! Fast healing! Amen!!
I'm ready to prioritize my spending decisions. Thank you.
Yes. I'm ready!
I still have my landline. For me, it's worth the cost. Much of what I do online: tell politicians what they're doing wrong, donating to charity, etc. requires a phone number. I give them my landline & rarely answer it (although I do look up a number occasionally). I get snail & email from most of them, I do not want to talk to them. Keeping my landline means a lot fewer nonsense calls to my cell phone
There are apps to block bot calls on your cell phone. I haven’t tried them myself but may be something to look into!
Track all spending to see where the money goes.
Most Definitely Ready!!!
Praying for you and sweet Hope!
Great advice as always!!
❤ wishing steady straightforward healing for both of you.
Another idea - outings/fun things, especially to do with kids or outdoors, that are free or cheap. And ways to vacation/travel on a budget.
New Suscriber! Your videos are always so motivating
Question about your emergency fund - Do you keep your emergency fund money separate from your "furnace repair" money or do you keep a sinking fund for the furnace?
Delayed gratification is an exercise in 'This or That.' Which do I a want more - THIS thing right now or THAT thing in a month, 6 months, or 30 years? Thinking of it as This or That is as helpful as the goal with "so that" at the end.
Practicing DELAYED GRATIFICATION is probably THE MAIN reason that separates successful people from unsuccessful people.
I had a dear friend that spent every pay check buying really nice clothes.. while I had the same boaring wardrobe. I was stashing every available dollar into savings for a house. A few years later she visited my new, modest home and said.. . Ohh how lucky you are! I pointed out that was NOT LUCK but simply the power of being goal oriented... or Delayed Gratification.
Yes! Ready to save money!!!! We have to rebuild our savings after a big project that had to be done on our property. Thankfully we have saved and saved so we could “afford” it but we are digging deep to rebuild as fast as possible
Ready to save money!!!
Hello Larry and Hope , sending you both prayers and a little extra love to Hope. ❤🇨🇦
U two r so amazing and real lol it ❤❤
Praying for a speedy recovery Hope !
Thank you.❤😊
We have practiced #3, continual learning, with more and lesser emphasis for years. In today's lingo it would be more along the lines of being "self sufficient" but we have seen it more along the lines of being able to do more for ourselves, adding a skill set, expanding on a skill set, or learning additional things we can do with the tools and equipment we own. When going beyond our comfort zone for skills and equipment/ tools sets we have generally although not always, started small with "carefully sourced" (free is always nice) materials and projects which will work with all those hand crafted imperfections. Translated, this has often meant meeting wants more so than needs although this doesnt mean that the want wasnt functional. When living frugally, meeting wants for almost for free is more important than many realize.
Yes I want to save money
Hope, you should always wear your hair like this! So pretty and professional looking!
Praying! ❤🙏
Great ideas, thank you!
Ebjoyed this video. Thank you all.
Yes, I'm ready to save money!
Once I got debt free 2009 I had to get a loan for the car to bring dad places 2019 loan. It was just a couple thousand dollars but I felt shameful. Paid it off and had not been back. Buying a quality vehicle wes just smart. I got a hybrid vehicle because I get destroyed by a hurricane I can live out of the car.
I need to practice car camping because I took off last year I was not ready. I had things I wanted to do but couldn't because I was not ready.
Now I'm home I need to practice my survival so I will be there when it's needed.