Tag Archives: debt

How to cut down monthly bills and save more money

**How to cut down monthly bills and save more money**



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How to cut down monthly bills and the way I do it.

what's going on YouTube my name is ty my blocks the ex-king calm and others are very dark day today just getting my work and I want to shoot a quick video on how to save money on how to save money how to cut things out me a wife has done some custom bills out and some things that people might not have thought about too recently so you know saving money one way to make more money it's a save on money right no you know if you're trying to make more money the best thing to do is look at your bills and what can you eliminate it and we eliminate some bills and we dinner ourselves and one bill that we got eliminated was the pest control service the orchid man the man was a great service and we lead them because there was a poor service a really good service on knowing bad thing was that you know was paying seventy seven dollars every other month so just running it up plus tax the most eighty bucks every other month to monthly that's forty eight bucks a month and you know in the beginning yeah I'd used them guy had these spider crickets in my home Oh camel crickets with the column in my home and I got it kind of hard to kill so I got me a pest control service and get rid of them which is fine and dandy but don't you have a kid you know stuff got your cut so that's what happened well had my son and stuff had to go so I called and canceled them and I invested in a one gallon water sprayer which I'll do review about that I'm about to get tossed are pro top star P and I heard a good chemical insecticide to use and I'm gonna use that to keep the bugs out so I can spray the yard I can spray the trees the the perimeter the windows actually the backyard the front yard and it kills mosquitoes too one thing about the orchid man I didn't like that you know we worried nine to five it was very hard walk I put it I was working in the world before I went you know across the street what they call it so the White House I was on Wednesday Thursday and Sunday so Wednesday I got make an appointment for Wednesday they coming to house pray and be done since I'm working 9:00 to 5:00 mode through Friday and they close at five o'clock it's very hard to get them inside the home versus Saturdays and Saturdays they work every other Saturday and then why do scheduled for Saturday it'll be close my neighborhood there'll be there's nothing I close but they'll be booked so the past four times I'll call for Saturday they make it pretty booked so why do and when they do come to the house they always spray once every other month so I mean which is fine but when they do spray will be at work so I don't know what they're doing I don't know if they're doing a good job or not I don't know do the sprayer the windows are they spraying the whole foundation or spraying the bushes to I don't know I really don't know so yeah you know nothing about the service but it you wonder that's why I decided to get rid of them and to do it myself and the product of doing the self is to positive things don't think it's just prozac all I know the con is that I waste more time but will take me maybe you know 30 35 minutes to get this mix of chemicals together put some clothes on and spray the whole house use the whole gallon whatever but the pros are I save money and I know that the work is done I can spray it knowing the house but the bushes the grass the trees shrubs the backyard I have a shed as well in my back I can spray that as well there's a lot of spiders and bugs in there I can spray that as well keep the bugs out of there as well so it looks like it's a good thing I counsel them so that's one thing the next thing we have done is we go spaying a lot of money for home security and it was paying about 50 bucks a month that's a lot of money for home security and no one of our family members said they pay way cheaper internet I'll talk to Taylor 15 bucks a month that's why there's a research on that and I know do with just soft security systems is on the rise right now and and I I can also mine once I saw the price how much would pay you got paper clip in the front but your pay 10 15 bucks 20 bucks a month for home security and then you know what will get me long story short the company that I had got bought out three four times so I was paying $25 more than beginning which is not bad but every other year they got bought out and the price keep going up and no and then the thing is but my my equipment did get better stay the same so I decided to it Do It Yourself security system and I kind of enjoyed doing it once you do it yourself versus get so I also come to it it feels better when you do it do you know it's done you know that the doors got sensors when those got sensors everything so it feels better so I eliminated that bill when I eliminated well I got cheaper bill so that's that really helps so those two bills I I got lured or eliminated on one thing we did was I invested in a hedge trimmer I invested in a weed whacker and I put much cutting all the grass all year long this year last year I hired a guy he forty bucks two more long I was pretty hot last year and this year wasn't too bad but this year I did all myself so if you paying someone to cut your grass then you older person you can't physically do it keep paying that person cuz you wanna be out there hurt yourself but you know a young person and you could do it yourself going investing money into a lawn mower a lot more like 90 to 100 dollars and now I'm a lot more maybe four or five years ago it's still going strong so will pay for itself I invest into a hedge trimmer by sixty bucks I got your weed whacker for like 45 so I thought all these things to help me keep my lawn good into the winter time when I'm growing more and it saved me money so how to hire someone to do it so the way you do it in square cut your grass dam with it know what to spray that I got a sprayer I go I go and Samari outside go ahead make stuff up and spray and and be done with it and be done with it so those are some ways you can start saving money see what bills you got now lower than light bill is harder maybe gets on energy-efficient bulbs into efficient appliances for your car insurance try to call around different companies and see the benefits the pros the cons and the cost compared to what you're paying now awesome one other way that's kind of if you're paying 120 and coming constantly what's hard you send in five eighty dollars I'll go ahead and do it because over time it will save me some money so try that as well I think what's something else another thing you could do with foam service that have a rising horizon sprint all the plates are extremely high I have a rising fault 115 years I'll have about 15 you got every one was 30 there was expensive I was paying $90 for one line and now I'm paying 80 bucks for two lines for me and my wife so I was like okay I'm seven ten dollars about she online I got a line and we split the bill we was clicking wireless that runs up 80 phone service is fantastic so hey if you got sprint verizon thinking about going to a prepaid service that has great services to be there there's so many out there and they think service is just as good so there's a couple things that help you save money dude don't do it yourself do yourself a pain exterminator learn how to do it yourself body stuff buy the equipment by the pesticides insecticides it'll last you a long time tossed our Protoss therapy with an uber I wanna do review about that as well I did I see somebody bought a plan of that stuff it lasted my year so it's imagine it is like $31 so after one bus will last me a year so they'll try to do it yourself cut your grass yourself do your peasant roll yourself do your home security yourself monitored yourself through apps try get a lower phone plan try go to a prepaid plan copy pay plan your bill never just never goes up and down it's always the same try to use more energy efficient equipment I mean the devices in your home and try to cut out cable I made people I mean people my job paying to 20 to 30 a month doesn't cable internet it'll need these days the cable is dead I would rather using Hulu or Netflix was internet service and my bill will be cheaper I mean in you know my youtube channel I show you how you can watch movies and TV shows for the world real real low okay so there's no reason for you to pay to 20 a month and the cable and you work 40 hours a week and you have kids so how many shows do you actually watch besides power and they have they have none so I mean you only watch three or four shows Mable's with sports but you pay the 220 a month that's ridiculous give her the cable going Netflix go to youtube live YouTube labs like like 30 or 40 bucks a month so what's your internet by self might pay for it for the lives of my 12 youtube live you might I paying forward you've had a hard I was a month but you're cutting your bill in half if you cut your bill in half so these are the ways to save some money you can save some serious money by cutting things out you don't need you could do it yourself you call around get a better quote and everything else stop eating out so much know maybe from from September there is a timber to December you should try to save money because know why the hot got Christmas coming up new year's Thanksgiving you have a lot of family soldiers going out coming up Black Friday and you need money so the best thing you could do now as a stop T now say more money hoping high-yield savings accounts to put that money in cook cook you a big possible get eat that for two three days cook you some chicken wings eat number two three days make up Potter lasagna and make eat that for two three days and use coupons week a lot of coupons in the mail use coupons you get in the mail that also helps use cashback apps on your phone use the dollar app you get a dollar back and it's not a lot of money but over time adds up you usually get outside gas at a time you get gas you scan your gas receipt and you get cash back right now since I've been using a gas app hell I've been using it since April to September I'm a $61 that's my scaly my gas receipt that says free money so these are some ways to save money just rethink your bills what bill can you eliminate and what bill key made cheaper what Bill you do yourself cat cut the grass myself I'll do myself alone can I do I'll do this oh security system saves the money I have to do it myself I can I cut out this pest control bill cut out cable and go out with another lor bill can I cut out there's a verizon bill the Sprint bill that's a lot of money mobile bills a lot of money can I cut those things out but cutting those things out you will save money how I say my my light bill many more installation in your home energy efficient devices lights all key things off that's what also helped you know save on gas you know when you one thing I do like instead of me you know sometimes if you get out were a good time and he goes if you're already out go ahead and do your good shopping while you're already out they come home versus on your day off you know except you get your car and go to the store coming back you're burning gas how about you go ahead and go shopping while you're already out they come home that way when we can you don't have to go buy groceries you can do anything but stay at home and save that gas money so yeah the plenty of ways to save some money you want to save money by cutting up bills and expenses kind of things you don't need and what it could not faith you could do yourself that's security bill the security bill right now and the orca man and you throw cutting grass I probably save $150 a month just cut those things out and do them myself that's it and with the home security won't you just it's easy it's easy you just stick it you good to go you good to go and but this goodness says that once you have a cell it's done it's done you'll read nothing else you've got a checking it out this is done and in and with the pest control you do it once a month you do it once a month you do we cut the grass do it once a month so all these things have to cut out you do it once a month you do it once a month and you save money you save money so but anytime what else can calm I read a blog post about this as well I have more videos coming out and I got a new video coming out I'm gonna do soon Peyer tomorrow Saturday it's called the peace of hunt hack I got I find a way to get we want a piece of her pizza you get cash back on to apps that didn't know had on there and check that video out download all these links below the video acorns you know acorns get money back your account by buying stuff get the dogs out you don't say get the dogs out go ahead and get it and you cash back on restaurants by link below get the get up side gas app you just get your gas receipt you get cash back within four hours get couple dollars back over time adds up that link below the video as well my name is Tyler asking comm help you save money make more money hide the whole money and I'll see you next time

MID-MONTH BUDGET CHECK-IN | ZERO BASED BUDGET (Dave Ramsey Style)

**MID-MONTH BUDGET CHECK-IN | ZERO BASED BUDGET (Dave Ramsey Style)**



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I am a student of Dave Ramsey’s Financial Peace Univerity and on a journey to become debt free. By budgeting monthly and tracking my expenses I’m learning how to become debt free and live life by cash. Budgeting for beginners is mostly what you’ll find in this video so please watch and sign up to budget with me and complete a zero-based budget with me next month.

SIGN UP for Dave Ramsey’s Financial Peace University:

DOWNLOAD my reflection questions, forms, and budget with me next month. Sign Up HERE:

If you have any questions or requests please leave them in the comment section. I hope you all enjoyed this talk through budget report card. Please Subscribe and Like!!

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WATCH MY FINANCIAL PEACE JOURNEY FROM THE BEGINNING

My Debt Story: How I Fell Back into $208,453.27 Debt Part 1

My Money Story: How I Fell Back into $208,453.27 Debt Part 2

First Budget on My Debt Free Journey

————————————————————————–

Disclaimer: Honesty is awesome, so I share numbers and dollars in this post. I trust you’ll honor my honesty. Just so we’re clear, everything written here is based on my personal experiences + opinions. Not everything I say here will work for you, but I have faith that you’ll take the information presented and apply some of it to your own finances in a new and creative way.
my channel my name is Stacy flowers and I am a student of Dave's Ramsey's Financial Peace University in on a journeys have become a hundred percent debt-free my starting debt is two hundred and eight thousand four hundred and fifty three dollars and twenty seven cents I currently work part time earning anywhere between eight hundred and one thousand dollars and I am on baby step number one to save five hundred dollars in today's video I'm going to be going over a detailed a budget check in for my February 2018 budget so if you are interested in that please keep watching so the first thing that I want to do is pull up a calculator so that we can have that for our numbers and then I want to talk a little bit about the things that have impacted my budget so far so the number one thing that's having the biggest impact on my budget is income and so I started a journal entry page here and I just want to jot down my income to date so as mentioned in the original budget video my first paycheck plus some money that I'm counting as income was six hundred and eighty nine dollars and let's get that change I believe 86 cents yes in 86 cents on the 7th of February I also received a payment from my youtube channel for three hundred and twenty seven dollars and twenty one cents and then on the 8th of February I also received a generous donation of $100 and I received that donation from DME brown on YouTube and I just wanted to publicly thank you for that very generous donation his or her comment was hi Stacy I enjoy your budgeting videos very much can you list your PayPal me link in the description below your video for anyone who would like to contribute to your financial freedom journey you're such a positive attitude to your current financial situation I would like to help with the small boost and I just want to say thank you thank you thank you I appreciate that I appreciate you supporting my work I appreciate you watching my videos I appreciate you commenting and then also to the community that helped me to earn three hundred and twenty seven dollars and 21 cents it was all of you all collectively that made that happen so I deeply deeply appreciate that because it certainly has helped because I am on the 15th of this month and my turtle earnings so far for February six eighty nine point eighty six plus three twenty seven point twenty one plus one hundred is 111 one thousand sees me one hundred one thousand one hundred and seventeen dollars and seven cents so that is the amount of income that I am working with so far and we still have fifteen days left in this month so I'm super excited about where the month of February is going so now what I want to do is go down my budget and show you exactly what I've paid so far and where these dollars and cents have been going based on my original budget that I did at the beginning of the month and I will link that video so you can see my tides were eighty dollars based on my take-home pay for my part-time job this number will increase because I would like I am going to pay tithes off of the three 2721 earnings and when I paid tithes off that that will be an additional $32 but neither of these payments have come out yet because of the place where I allocated my tide payment the big expense that has come out for the month of February so far has been the five hundred and twenty five dollars for my rent I've also paid the thirty five dollars and 82 cents for my phone bill and I paid the hundred dollars towards my CTA Pass I have also paid the my groceries which I had a budget of $35 and I want to see how much I actually spent for my food budget and the pages that you see me flipping through those are my allocated spending pages but the reason why I'm looking at my cash flow is because it has a budgeted amount and a spent amount and I wanted to write it on this page so 3511 I've spent of my grocery budget which means I'm 11 cents over my grocery budget but still doing pretty good I'm pretty I'm pretty proud of that number based on my original cash flow plan I've paid my rent I paid my cell phone bill I paid transportation and I paid a little bit of groceries and so now I want to get into where I anticipate spending the 320 or how I plan on spending the 327 that I've earned from google adsense and the hundred dollar donation so if you're looking at my allocated spending page you can see that in my next pay period that's when I intend to pay my tithes and I just in this third category I created a category for the payment of 327 21 and so what I have coming out initially is the thirty two dollars and seventy cents and the missed payment here there's not a line for taxes but I wanted to make sure that I paid my taxes on the income that I have coming in because I will be taxed and taxes are currently passed new taxes are currently in my debt snowball so I don't want to fall behind and my 2018 taxes Oh after I take out my tithe and after I take out my 30% tax what I have left over to spend is one hundred and ninety six dollars and fourteen cents and today I'm actually going to make that payment onto my rent because if you remember in my previous budget video I learned that I am NOT current on my rent I'm actually always paying my rent during the month that I'm renting and that is the concept of being current and I want to be current so one of my primary goals was to do that and with this extra 196 14 plus the money that I anticipate putting when I get paid tomorrow on to my rant I will be much closer to my goal so let's see actually a little number so 525 minus 225 minus 196 14 that would mean that I'm a hundred dollars and 686 cents away from my total rent payment and I'm very excited about that because that I mean that really just allows me to be able to get in front of and as comment or survivor fan 30 to get out of the red so I anticipate putting the entire 196 14 towards my rent payment the hundred dollars generous donation that I received from the M Brown the way that that is allocated is I don't have anything for that hundred dollars coming out and my knee-jerk reaction was to just put that hundred dollars towards my rent and then I would only be six dollars and 86 cents over but the reality of my situation was that so that money was automatically paid through my paypal account and what I didn't know is that I had expenses coming through my PayPal account because again I'm trying to one I'm trying to have all my expenses come from one place so I'm very clear on how much money is going out but two I just didn't realize the expenses that I have so almost as soon as that money hit my PayPal account payments were going out that I was just not expecting so I'm gonna clear that up this month and that's another reason why I'm doing the budget check-in because I really now won't be overwhelmed at the end of the month trying to shift payments around to a card and blah blah blah I'll be able to put it exactly where it is so what actually came out of the hundred dollars that I received as a donation so far is fifteen dollars automatically was withdrawn for my paypal bill and I'm just going to check to see if I didn't know that I was on automatic debit there because I always call in to make the payment but maybe it's automatic maybe it's set up automatic debit if I have a balance in my PayPal account I don't know but I'm gonna follow up with that my podcasting fee was something that I forgot to consider in my earnest to get out of the red in February when I was talking about my budget so that fifteen dollars definitely came out and it's interesting because survivor fan 32 was watching the video and she was the one who pointed out that I forgot that particular payment and then two other expenses that really blew me away were and and well one didn't blow me away because survivor fan pointed it out she pointed out that I forgot to include my son's podcasting are not podcasting my son's iTunes subscription so that 1096 came out but I noticed that another 1096 came out and I was like livid because I'm like I don't if I didn't have this money what were you guys gonna do and the truth of the matter is is I realize is that when the money is not in my PayPal account these items just get declined and I think in I think I was mistaken these subscriptions for being off because the payments just weren't going through so I definitely thought that there was only one subscription for the iTunes but clearly there was too so I am I tried to dispute this charge but if I couldn't Apple was like not having it and they were like we can do this for next month so I was like all right fine so next month that will be taken off so unfortunately of the hundred are fortunately because I'm grateful but of the hundred dollars that was donated 15 – 15 – 10 69 oops $100 – 15 – 15 – ten point sixty nine – ten point 69 there's 48 dollars and sixty two cents leftover of which I'm going to put towards my rent and and it so yeah so that's that's where the budget is right now so that 48 60 – I'm going to put towards my rent leaving my overall leftover rent that I need to cover as 57 dollars and 38 cents so I wanted to do a budget check-in because I want you guys to be able to sooner see the difference between what I'm planning and how things are actually happening but I also want you guys to be able to see how I'm able to reconcile things and when I say reconcile I mean that like I'm still struggling a little bit with forgetting things that are coming out and my earnest to get things right I'm still of the mind that certain subscriptions are cut off when they are clearly active and so just different things like that but it is definitely getting better and it is getting better with your help in this community both monetarily because the Umbra was very generous but also just from a community perspective of commenting and watching and so I just want to say I deeply appreciate your support I am well on my way I am less than 50 dollars away from getting out of the red and I am super excited and super just humbled by the support and I'm just I'm just so grateful that you guys are supporting this journey and I hope that while you are watching this that you are beginning to transform your financial blueprint so that when it comes that time it'll be more than just one of us screaming I'm debt free so yeah that is it my midweek check-in if you have any questions please ask them down below I will do my budget report card on about February 27th February 28th and that's where you will get all the final numbers to see exactly where every dime went so thank you so much for watching I look forward to talking to you very soon [Applause]

How To Start Paying Off Debt?

**How To Start Paying Off Debt?**



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Want To Get Out Of Debt Faster And Develop A High-Income Skill? Click Here: How do you start paying off debt? Do you pay off …

3 Things Society Doesn’t Want You To Know About Money

**3 Things Society Doesn’t Want You To Know About Money**



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In our culture today, you might hear people say things like:

“It’s impossible to graduate from college without taking out student loans.”

“You can’t buy a car or have nice things without debt.”

“The only way to become a millionaire is to be born into a rich family.”

But believe it or not, our culture doesn’t always tell the truth. Shocking, I know.

So, in the latest episode of The Rachel Cruze Show, I’m going to set the record straight. You’ll learn:

• Three truths society doesn’t tell you about money
• How a school teacher paid off $40,000 of debt in just 14 months
• The proven plan to become a millionaire, no matter your income

Resources (everything mentioned in this episode):

Become a Financial Peace University Coordinator!

The 7 Baby Steps:
Smartvestor Pro:
Investment Calculator:
Zander Insurance:
Financial Peace University:
Everyday Millionaires:
Show page:
– Well I hate to be
the bearer of bad news, but society has been lying
to you about your money. And as your money BFF,
I'm here to make sure that you know the truth. (upbeat pop music) Listen guys, society is not
always going to tell you truth. Yep, you're going to hear that
you have to go into debt for things you want, and to live a life where
you control your money and your future is impossible. But I'm here to tell you, that's not true. So today I'm going to show
you how to do some things that society tells you are impossible— things like winning with money right now, no matter who you are, not going into debt for things you want, and becoming a millionaire, because it is still possible. So I'm going to bring on Elizabeth who did the impossible and
paid off $40,000 in 14 months. And then we're going to have Chris Hogan back on to talk about how everyday people are becoming millionaires. Because again, society tells you, "To be a millionaire, you
have to be rich and famous." But that is not true. So I thought it'd be fun to see what people are
saying out on the street about these topics. So I sent
out my friend, Will Smith— not that Will Smith, sorry,
a different Will Smith— to get some insight, so take a look. – Hey guys, Will Smith here. I'm out here in Nashville. Let's go see what people
have to say about this topic. – Do you have student loans? – Yes. – Yes, quite a few. – Yes. – Do you think student
loans are a normal thing? – Yeah, I would say they're very normal. College is super
expensive, so most people who go to college, yeah, have them. – I think most millennials, particularly, have student loans. – Do you think it's possible for someone to go to college with zero student loans? – Do I think it's possible? Yes. Do I think it's likely? No. – No. – I think you'd have to have either parents or
somebody helping you out. – Do you have a car payment? – I do have a car payment. – Yep. – Yes, I have a car payment. – If you were going to buy a car tomorrow, how would you pay for that? – I would probably
put a small down payment and finance the rest. – How long would it take
you to save to buy a car? – With my income, I feel like it would be at least 10 years. – Maybe, two to three years. – How many millionaires do
you think there are in the US? – 100,000? – 1,000. – Somewhere in the 40,000s? – I would say, maybe,
anywhere between 100 and 200. – What if I told you there
were 11,000,000 millionaires? – That's shocking. – Do you think you'll
ever be a millionaire? – No. – Fingers crossed, maybe, one day. – We can hope. – And what is your plan,
to becoming a millionaire? – I am going to become an actress. – Maybe, not teach yoga anymore. – Make wise decisions with my investments. – Probably, get internet famous. That's what most people do, right? – Do you think you could ever
teach a class about finances? – No, I don't think I could ever teach a class about finances. – Not yet, no. – If someone asked you
to teach a class on personal finance tomorrow,
would you be able to do that? – No, but I would love to take that class, if it was offered tomorrow. – All right, let's jump into it. You can buy a car without debt. Mmm hmm. It may not be a great car, but you save up and
you pay cash for a car. You can go to school
without debt. It's possible. You may not be going to your dream school, or your teenager may not be
going to their dream school. Stay in state, go to a community college, work, scholarships and
grants, all those things, and you can still go to school without debt. And, you guys, you can
become a millionaire. We'll talk about that
later in the episode, but it is possible. But, there's a few things
that you must do first to set yourself up for success. (whimsical piano music) Number one: You have
to change your mindset. One thing I noticed, through
all those interviews, is that people really believe
that they just can't do it. And dealing with your
money, it is 80% behavior. It's only 20% head knowledge, okay? So understanding how money works
is only a very small portion of it. But doing it is actually
what's going to cause change. But, in order to do
something, to have action, you have to have hope. You have got to believe that you can. Number two: Stop believing the lies. Yes, society is going to tell you so many things about money. Everything—that debt is normal,
and the only way to succeed and to get what you want
is just the avenue of debt. That's the way it is. Guys, if that's what you believe, then you're going to be normal. Now, let me break it down for you. Normal—78% of Americans
live paycheck to paycheck. That's right. Their money comes in, they pay all the bills,
all the credit cards, all the car loans, all the student loans, their mortgage—everything.
It goes right back out and they have nothing. They have to wait for next month's paycheck. So, if you'd like to be
normal, you can be normal, but if you're sitting there, thinking, "That doesn't sound fun,"
or maybe that's your reality and you think, "Mmm, I can't do that." You get to change. You really, really do. Which is number three: Get on a plan. You have to be intentional. Now, this is not going to happen over night, but you have to stick to the plan. And the plan we teach,
over and over and over, is the Baby Steps. The Baby Steps are seven
steps that get you from zero savings, full of debt,
living paycheck to paycheck, all the way to living completely
debt-free, building wealth and being tremendously generous. Now, if you're not familiar
with the Baby Steps, make sure to click the link below, because that video is going to show you everything about the Baby
Steps, so that you can get to it. Guys, it works. I'm telling you, it works. And now, I'm so excited,
because I have Elizabeth coming on, who did the
steps. She's doing it. She did the impossible
and made it possible. And now, she is even teaching
people how to do it herself. So, take a look at her story. – I felt out of control. I
felt chaotic. I felt no peace. I had $40,000 in student loan debt. I had no idea how I was going to pay off the student loan debt that I had accrued. I'm a teacher, so I had heard,
"Oh, they'll forgive it after a certain number of years." So, I spoke to the student loan company and they said that the plan that I was on would never repay my student loans. She said, "We will forgive
your loans when you are 50 years old, or whenever you repay it all back." And that was my moment of reality. Once I started working the
Baby Steps in Financial Peace, and saw the momentum of
my debt snowball starting, I felt so victorious.
I felt like I had won and I had beat the system, almost. After I paid off all of
my student loan debt, my coordinator reached
out to me and he said, "You have a story to tell. And you did this on a teacher's salary, which
people can really connect with. And they think that that can't be done." It began to click for me,
that I had something special to share. So in December, I
decided to be a coordinator, and I led my first class in January. And it's so inspirational to
me, because it challenges me in the best ways, and it helps
me be a part of something that's life changing. People are motivated and want
to change their family tree, and I'm just so blessed that
I get to be a part of that. – Thanks, Elizabeth.
Thanks for being here. – Thank you for having me. – Yes, your story's so great. I love it, because not only did
you do the impossible, what some people would say,
which is pay off $40,000 in 14 months. But you
overcame some myths and lies that our society believes about money. So, first and foremost, $40,000— – [Elizabeth] Yeah. – in 14 months. Okay, how did you do that? – I became gazelle intense— – [Rachel] Yes. – to use your dad's words. – I love that. – I just, worked really hard. – So, you're pretty
vocal about your journey, like, you told people. – Yes, yes. – What do most people think about it? – They thought I was crazy. Especially since it
was student loan debt. A lot of people would say,
"You know that they'll forgive that, right?" or "After so
many years, it'll be gone. You don't have to worry about it. Why are you wasting your money, now?" And I'm like, I don't want to live that way, I don't want to be indebted to someone else. – Yes, that's so good,
because that's a great point, that you brought up is—there
really is this myth out there, of people believing that
student loans, they'll just be forgiven one day, don't worry about it. And so, you fell into
that some, you feel like? – Yes, what they don't tell you when you sign the paper
for your student loans, is that the loan forgiveness
is very difficult to get. – Yes, it's beyond rare
for that to be a reality. So the reality, for most
people, is that they're going to have this debt and, if
they don't do what you did, then they keep student loans
around, forever and ever, and stay in debt. But you got intense. You worked like crazy
amounts. Because how many jobs did you get? – I had like eight jobs, at one point. – That's unbelievable. Tell
me what some of them were. I'm just curious, what'd you do? – Yeah, I worked at a bakery, part-time. Babysitting became my jam. I babysat all the time. I do calligraphy, so I
would write on chalkboards and address envelopes for people. And I just tried to use any
talent that I knew I had in my back pocket to help
me make some extra money, on top of teaching full-time. – And you did it, yes. That's incredible. So, then you became debt-free
and then became passionate about this message of living debt-free, and living intentionally,
and the Baby Steps, and all that's taught in
Financial Peace University. And, with the class,
there's always a coordinator that helps facilitate the discussion. And you became a Financial
Peace University coordinator. So, you taught a class. How'd it go? – It was so great. We had an amazing group of
people and great attendance they really stuck with it. It was transformational. – Were there a few
people in the class that you loved their story
and you were like, wow. Like the transformation
they made was unbelievable? – Yeah, there was one
couple who made $120,000 total, so they had a good amount of money, but they were so in debt. – Isn't that amazing? – Yes. – I mean, seriously, though. A lot of people really believe, "If I just had more
money, I could do this." I'm like, no, if you don't
have good money habits, the more money you have, the
bigger the mess is going to be. – Right. – And so, just because
you're making a huge income, you could have a big
mess, which is this family. That is always
so interesting to me. So keep going, sorry. – Oh, you're fine. So, they paid off $15,000 of
debt, just in the two months that they were in my course,
so I was so proud of them. And now they want to be
coordinators and help share their success and help people, so. – That's amazing. That's so great. So, what made you want to do this? Because not only is going
to the class, somewhat a commitment. You go nine
weeks and you're with a group. But when you say, "Hey, I'm
going to go and do it again, and actually facilitate."
It must have obviously changed your life for you to do that. So what was the why for you? – The course transformed my life so much. And I'm just so thankful
that I took Financial Peace in that moment in my life,
that I can't keep quiet about it. I want to tell everyone
about what this course can do for you. No one taught me,
growing up, how to budget, and how to save, and how to invest. And so, now that I have that knowledge, I just want to tell everyone I can. That's my why. – Yeah, it's so good. It's so good. Because so many of you
watching are thinking, "Oh my gosh, we have so
much debt, we don't budget," and all of this, so going
through Financial Peace University, just as a member is huge. But people may be watching
this and thinking, "Okay, I'm doing this. Maybe
I'm on the other side," like you are. Would you say that you have
to be super financially smart and that you have to have all the answers? Because some people could
be intimidated by it. – Right, I would definitely
say I was in that boat before I got started
with being a coordinator. I thought I didn't' know enough about investing and real estate
and all of the Baby Steps, past Baby Step three, basically. But, my coordinator
from when I went through Financial Peace, really encouraged me and met with me and talked to me about how to be relatable and share my story. And that was what was
going to connect with people. And if I didn't know the answers, I could reach out to
someone and they would help me figure out the answers. – So good. Well, seriously, I know from
our seat, our perspective, at Ramsey Solutions, we always say the radio show can only reach so far. Only so many people
know about the podcast. Only so many people watch the shows or go to the events. But
it's the coordinators that are in their cities, in their towns, all over America, thousands and thousands of you all, sitting down with
people on a Tuesday night or a Wednesday night or a Sunday night and have this group.
Really it becomes a family, in this class and completely
transforming their lives and you spearheaded that, for you guys. So I so appreciate it, seriously. You're like in the trenches,
boots on the ground, helping spread the message. It's spreading the
message of hope, you guys. It's what we want—for you
to take control of your money. And so, I so appreciate it and I'm so glad it was a great experience for you. – Thank you. – So, if you guys want to coordinate a Financial Peace University
class, just like Elizabeth, make sure to click the
link in the show notes. And, coming up next, Chris
Hogan is going to come on and we're going to talk about how
you can become a millionaire. (upbeat pop music) (shifter clicks)
(door knocks) (latch clicks) Guys, let's be real—being
a parent is hard work. Now that I have two daughters of my own, it feels like the to-do list never ends. And, as every parent knows,
your priorities change and you have to make important decisions for your child's future. – That's why term life
insurance is a must, for every parent. It's so easy to get and it's affordable. What you're looking for is 10 to 12 times your annual income, to make sure everyone in your family is taken care of. Winston and I use Zander Insurance. They do all of the work for you to find the best prices and options, so go to Zander.com to get
started on a quote today. Because that's who we trust
to take care of our family. (easy pop music) – Hogan, you're back. – I am back and I'm
excited to be with you. – I'm so glad. Okay, so I can't wait to dive in, because people believe the lie that you just can't become
a millionaire today. But it's a lie, people. It's a lie. So, let's go through, really quickly, the top three lies people believe, and I want you to hit me with the truth. – Okay. All right. – I mean, don't really hit me. – No, I would never do that. – That would hurt. – No, I wouldn't do that. But, I'm going to tell you the truth. – Yes, do. – Because, you're right. There
are some lies out there, so. – Yes. – You lead. – First lie is: A lot of people believe, to become a millionaire, you
have to inherit your money, or that millionaires, they've
only become millionaires because they inherited a bunch of money. – Rachel, people actually believe this. And you know why? It's easy for people to believe that, hey, someone just handed it to them. Nobody really worked hard themselves. So here's the fact: We studied over 10,000 millionaire's
all across the country. We did the largest study
that's ever been done. We found out the truth. According to our research,
79% of the millionaires didn't inherit a dime. – Nothing. – Nothing. That means, that they didn't
have it handed to them. This was someone that actually worked hard and built up wealth over time. So, inheritance? No. – Okay, another lie is: People say, well, I have to make a ton of money. I've got to make at least six figures in order to become a millionaire. – Rachel, this is another
myth. It's not true. According to our research we had a third of the millionaires that we studied, never had a six-figure household income. Can I tell you something else? – Oh, bring it on.
– Top three positions. Top three positions of the
millionaires that we studied. Number one was engineers,
which isn't surprising— they plan stuff. Number two was accountants. That doesn't surprise.
– Makes sense, sure. – They know money. Number three blew me away. Number three was school teachers. – Okay, I love that you mentioned that, because we actually just
had Elizabeth on the show. She's a teacher. She's on Baby Step six. So she's working her
way there, and she will. She will become a millionaire— – She will, Rachel. – which I love. – Because she's attacking
with Baby Step six, she's going to pay off the house. And then she's got that value, plus the money she's
putting into her 403b. She's well on her way, because debt's not stealing from her anymore. She's being intentional. – That's right. Okay, so there's a lot
of interesting things you guys found out in the survey. Things like typical
millionaires, they coupon, they drive used cars,
all these cool things. But I want to know the real tactical stuff. To truly have a net worth
of $1,000,000 or more, there's really three big
things that you have to do. Yes, all these other
things help, for sure. But one of them is, when you start to win, to keep your lifestyle still at a minimum. That you don't go crazy,
spending a bunch of money. No, these people—these
everyday millionaires, I call them, because they're
everyday men and women— you wouldn't know it,
Rachel, when you met them. They knew what allowed them
to get to that $1,000,000 net worth—being intentional
with their money, being very focused. And
yeah, they have nice things, but they save up and they pay cash for it. – It's so good. So even
upping their lifestyle, just a very small percentage,
they don't go crazy. – That's right.
– I love that. Okay, another thing, to get
you there, is investing. – Rachel, you know this
is the truth, right? Can I tell you this? 80% of the millionaires we studied said the number one thing that caused them to build their $1,000,000 net worth was one thing: employer
sponsored retirement plans. And one more thing: 68% of
the millionaires we studied used an investment professional. That means they had someone
to guide them along the way. That's why you and I talk
about the SmartVestor Pros. You don't want to do this alone, right? If you've got car trouble,
you go see a mechanic. If you've got a health
issue, you go see a doctor. We're talking about your
dreams and your future. You need to talk to an
investment professional. – So good, you guys. I mean, seriously, when you're investing, your money is working for you. But I want you out of debt,
to have your emergency fund in place and start down that path. – Yes. – Okay, the other big thing
is paying off your house. A lot of millionaires say
they got a lot of their net worth by paying off their house. – Yeah. This is the last big step. You and I know this, being plugged in with Financial Peace University. When you become 100%
debt-free, and now that mortgage payment isn't
leaving you anymore, that mortgage payment is there
to do more for your family or to help you catch up
for your retirement dreams. But, this is a big deal. So much so, that I developed a free tool. It's a net worth
calculator, at my website chrishogan360.com to
help people understand what is your net worth right now? And I want to explain it to your viewers. So, to get to net worth, what you take is all that you own—that's
in your bank account, your 401k, your IRAs—add all that up and subtract out anything you owe on. So, what you own minus what you owe. If that end number is $1,000,000 or more, then congratulations, you're
an everyday millionaire. – You're a millionaire. – That's right. – And the great thing
is, we talked about it earlier in the episode, but it's so true, is that this is possible. Society is going to tell you,
no, unless you're famous, or you have a rich family, there's no way you can become a millionaire. You can—anyone can—and your
book is to prove it, right? – [Chris] It does prove it, yeah. – [Rachel] The "Everyday Millionaires." – That's what got me
started down this path. The American dream is alive and available. What we have to do is make a
decision that we're going to do it and you have to keep deciding, every day. – So good, you guys. You can do the impossible.
It's possible for you. – It is possible. – Okay, if your curious about this book, because it is so good,
you could actually read the first two chapters,
completely for free. Just click the link below. – Are you giving away my stuff? – Just a little bit, you know. Just a giver. I'm a giver, on the show. – You are a giver. – It's called The Rachel Cruze Show. – Yeah, you are kind of in charge. – Welcome, welcome. (laughing) – You're kind of the boss. You're small, but you're the boss. – I'm bossy, sometimes, yes. – So much so. – Hogan, thanks for coming on. – Thank you, for having me. – Seriously, great information.
– Good to see you. Thank you, ma'am. – All right guys, thanks
for tuning in today. I loved this episode, because
there's so much truth in it. And so I hope you feel
encouraged, because you guys can do this. Thanks again, to Chris
Hogan for coming on, and Elizabeth for sharing her story. So to get everything we
talked about in this episode, make sure to click the
link in the show notes. And if you've not subscribed
to my podcast yet, make sure you do that,
because there's always some fun bonus material there. And, as always, for you
all, be sure to take control of your money and create a life you love. – Rachel Cruz. – What do you think, Chris Hogan? – I have no idea. – I think it's just really great. – It is hilarious. – Be a millionaire, Hogan. – You can become a everyday millionaire. (laughs) – All you have to do is invest. (both laughing) – No more. – That's so good. – That was hilarious.

Budget With Me | January 2017 Budget and Cash Envelopes | FrugalChicLife

**Budget With Me | January 2017 Budget and Cash Envelopes | FrugalChicLife**



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Hi guys! Have you done your January budget yet? Start the New Year off right! #newyearnewfinances

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hello and welcome to my channel today I'm here with my January 2017 budget I'm gonna start off with my cash envelopes for January this will be very brief because I am more know spend January so I will not be doing any additional discretionary shopping any shopping for recreation no outside entertainment that's gonna cost money so if you want to get on board with notice in January it's not too late I'll include the video link in the description box below if you want to check that out my cash envelopes fluctuate anywhere between nine hundred and one thousand dollars for the month I do go and take that money out once per month and fill up my envelopes and that carries me through the end of the month hopefully I found that switching to cash has definitely helped me be a little more accountable with my spending it helps me to keep my spending on track and psychologically we are more likely to hold on to our cash as opposed to one where swiping a debit or credit card we tend to overspend so you have a couple of options of what you can do with your additional money that's left over in your budget if you're doing no spend January you can take the money and apply it towards debt or you can use it to add some additional cushion into your emergency fund or whatever other savings account that you might have in place so the first envelope that I'm going to fill is my grocery envelope and I'm gonna put five hundred dollars in there next I'm going to put $200 in the gas envelope so here I have $300 left from my cash envelope since I'm not filling the rest for the month of January and I plan to take this additional money and put it aside into the emergency fund which one of my goals for 2017 is to get that fully funded so here's a quick look at my January 2017 budget at the top is the income information which I leave blank for the purposes of recording my budget videos over here I include the pay dates and this next section our fixed expenses and for me those are tied mortgage home equity line of credit HOA and utilities for the utilities line item I include one lump sum amount for the month and that includes gas and electric a water bill if it comes in that month we get our water bill quarterly phone's internet all of that is lumped together and I transfer the $600 into an online checking account that I keep specifically just for that over in this section this is where I document they due date that the particular bill is due like for example the mortgage the home equity line of credit in the HOA or all due on January 1st can I go ahead and highlight those actually that's not right that's an error this is actually due on the 23rd of each month so what I do is include the due date and then highlight the section when I paid it so that I know I've done it so moving down to the next section are my cash envelopes which are very brief this month because of no-spin January so for bursaries I'm putting in $500 for the month and $200 for gas this section is my electronic sinking fund so I keep these in online savings accounts I do have some videos related to this if you want more information about that you can check the description box below for those video links some of these are very low and I need to get them boosted back up I have a life happens fun which we're putting $100 in for the month we do plan to take a family trip we don't know exactly where but sometime this summer so I need to get that going again a regular expenses $100 for the month and a regular expenses and clue things like for example in accounting Fein tax time is coming up soon and we will have to pay that accountant so that money will come out the irregular expense account other irregular expenses include things like car registration renewal also the fee for our financial planner which is paid once per year as well and this line item just helps me to remember in to keep in the back of my mind that there are things that will come up throughout the year that aren't necessarily monthly expenses they're irregular so in order for me to make sure that I'm putting money aside for these things so they so that they don't pop up and surprise me I set a certain amount of side each month before that wherever possible summer camp will be here before we know it so I'm putting a hundred dollars aside this month for that and of course I'm getting started on Christmas already and I'm gonna put fifty dollars aside this month total sinking funds four hundred and fifty dollars this section is my savings section this is a new a sort of new aspect to my budget for 2017 savings challenge 2017 I did do a video on that but I have not yet uploaded it so I will upload that hopefully sometime soon and explain what that is College Fund is two hundred and fifty dollars for the month that's a 529 plan for the kids and we do put three hundred dollars into an investment fund each month as well so our total monthly spending for january i'm budgeting two thousand eight hundred and eighty dollars and that is the total without the mortgage and the target offering so that sums up the budget for january 2017 so that's it for my cash envelope and budget video for january 2017 i hope that you all had a great new year and i hope that you all have your budgets ready to go for january if you haven't what is stopping you this is a perfect time to get your money straight and to get your money in order for the new year if you'd like the budget excel spreadsheet that i created please stay tuned for tomorrow's video money management monday where i will show you how to create your own thanks for watching and as always live well and be blessed you