Tag Archives: everyday millionaire

FEEL your way to Debt FREEDOM

**FEEL your way to Debt FREEDOM**



Views:5198

Rating:4.96

View Time:8:17Minutes

Likes:358

Dislikes:3

F.E.E.L. your way to debt freedom. It’s a four step process to get out of debt. In this video I outline the FEEL technique, and describe how you can use it to get (and keep) yourself on the path to being debt free.

#DebtFreeDana #FrugalLiving

How We Stopped Living Paycheck to Paycheck

Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as “MsDiaperD”, sharing over 80 cloth diaper video tutorials.

Build Your Cloth Diaper Stash Here:
*

ツ S U B S C R I B E (it’s FREE)

Hey there! I’m Dana. I’m a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

Follow Me on Instagram @DebtFreeDana

*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t – no worries. We’re still buds. HUGS!

‘Marty Gots a Plan’ by Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

(sighing) – Hey, guys, it's Dana and
it's time to talk about money and in this video I wanted to talk about how to FEEL your way to debt freedom. (bell ringing) Now, actually in our family,
I am not the feelings person. I am more of the practical one and my husband is the
sensitive, feelings based, one in our relationship,
so kids always say, mommy is the mean one and
daddy is the nice one, sort of something along those lines. So, anyway, feelings. Getting in touch with your feelings. That is not something
that I'm fantastic at. However, this is not about
that kind of feeling, this is an acronym, FEEL is an acronym. I find at work everywhere I go, there are acronyms everywhere and sometimes I cannot stand them, because everything has been
shortened down into an acronym. However, I was listening to
the "Bigger Pockets" podcast which is one of the
podcasts that I listen to and they were talking about this acronym that they had come up with
and they were using it in regards to real estate investing and I think it's really
relevant to getting out of debt. I find that this acronym
helped with that as well, I think it's the exact
same thing you need to do to get out of debt, to pay off everything as fast as you can. All right, so I wanted to
share this acronym with you. FEEL, which is F, F stands for focus. In order to get out of debt,
you really need to focus on what it is you're doing on your goal, your why, why are you doing it? Just like anything you're
trying to accomplish, absolutely anything, if
you do not focus on it, it is not going to happen. You must focus on it, just
like when you were dating your spouse, most likely
when you were dating them, you were really focused on them and you were spending
all your time with them, your friends were probably yelling at you, hey, you never spend time with me anymore, that's 'cause you were
focused on that person and you ended up marrying them, right? And when you first have a baby, you're focused on your
newborn baby as you should be, so, things, in order to do well at things or to get them accomplished,
you need to focus on them, so, if you're trying to pay off debt, then you have to focus on it. Not obsess over it, but
focus on it as a goal, every single day, it's
something you have to have top of mind and whether
that means putting up some kind of board in your house, carrying a piece of paper
around in your wallet with you or just having conversations
everyday, listening to different podcasts
that relate to money, watching "Debt Free Dana" on YouTube, however it is, that you can,
you need to focus on it. Have it be something
you're thinking about. Correct? 'Cause otherwise you're
just gonna be like, yeah, whatever and it's
just gonna slip away and you're not gonna ever get there. So, the first is F for focus. Second is E and that is
for educate yourself. Educate yourself on best practices. Listen to others who have done it. Listen to people or read books
on how to get out of debt, what's the best plan,
something that has worked for millions and millions of people, you need to educate yourself
on how others have gotten to where you wanna get. Same thing with getting debt free. I followed Dave Ramsey's "Baby Steps" and that has worked for our family, it's worked for millions of others, but of course there are
other programs out there that you could follow, but just make sure that you are educating yourself on how others have done it. And I really like to listen to
a lot of different podcasts, I like to learn as much as I can and I try to read non-fiction books. I'm trying to learn from others
who have been successful. And who have done things that I wanna do. If I wanna be a black belt in karate, I have to train with a black belt. Someone who's gotten there, how have they done it,
I can't just read a book and suddenly become a
black belt in karate. Correct? So I need to learn from those who have done it, best practices. The third E is to execute. You have to execute on that plan. You have to follow the steps. If you don't, if you just
listen to a lot of podcasts, which I will raise my hand and say that for about a year, I was listening to the Dave Ramsey podcast, and we were not doing the steps. We just, we weren't doing it. We were not following
it and for some reason, it didn't even occur to me to follow it, I just was like, oh, this is entertaining, that's for other people,
and we didn't do it and then until one day, if
you see that video of mine out there one day, I realized, oh my gosh, we have, we have to do
this, this is for us. We have to actually do the steps. So, this is the same thing, if you know how to do something, because you've read the books, you've listened to
others, and you're like, oh, yeah, I know how to do that, but if you're not
actually doing it yourself then it's not going to happen. You have to execute it as prescribed, follow the steps as
you are being taught to and don't skip steps, don't
try to do it your own way, because your own way has not been working, otherwise you wouldn't be
looking for help elsewhere, correct? So, you need to execute on the steps. All right and then the very
last one is to learn, it's L, learn from your mistakes. Because you are going to make mistakes. Absolutely, you're gonna make mistakes. And when you make those mistakes, don't beat yourself up. Just try to learn from it
and then you can pivot, make certain shifts, try to change, try to correct things that you don't make that same mistake again. Obviously you don't want to continue to make the same mistake. You need to learn from that mistake and correct things that you can continue to move forward. And then just repeat,
repeat, repeat, repeat. Just continue to do, to do it. Just keep on the path and
I heard someone recently, doing their "Debt Free
Scream" Monday, Ramsey show, and they were saying that they believe that the key to getting out of debt, which I actually really agree with this, 'cause I would say the key is persistence. You have to continue to
keep your foot on that path, because I fully believe
the enemy is going to try to pull you off, drag
you off, push you off, and you have to try to stay on it, but they were saying it's
not necessarily persistence, but it is patience. Patience is the key, because
it is going to take time. Some amount of time and it's
very hard for many of us to have that patience
to stick with the plan, even when we fall down, get knocked off and we screw up, it's very
difficult to stay patient and to stick with it and
keep going, keep going, keep going 'til you reach the end goal. And eventually, you'll reach
it if you just don't give up and you have that patience for it. So, yes, patience is the key, right? Repeat, repeat, repeat,
keep following the steps and keep going, keep moving
forward towards your goal. All right, so that's the
FEEL acronym, like I said, I just really liked it, I
think that it's very relevant and I think that, that's
exactly how you get outta debt. That is the roadmap for debt freedom. If you can follow those
steps then you'll get there and then why do you wanna get out of debt? We wanna get out of debt so
that we don't have payments, so that all the money you're
earning, your income is yours to do what you want to do
with it, gives you choices, you can invest, you can save for whatever you wanna save for, you're not giving your hard
earned money to the bank or to someone else, so, owing
money definitely is a form of slavery and I just, it is
something within your spirit and so, I think when you get out of debt, it just gives you so many
more choices, options in life, freedom, literal freedom. So that is exactly why, so, all right. Hope that is helpful to you in some way. If it's your first time
here, be sure to subscribe, I'm here every single Tuesday,
talking all about money and we are a family of six,
living in the Philadelphia area and that's it, I'll talk
to you guys next week, bye.

SAVE $1000 for Christmas (6 Money Saving Tips)

**SAVE $1000 for Christmas (6 Money Saving Tips)**



Views:7492

Rating:4.89

View Time:5:59Minutes

Likes:408

Dislikes:9

It might seem early to start talking about Christmas, but it’s NOT too early to be SAVING for it. In this video I discuss some ways to help you find some extra cash to save, as well as how to save $1000 for Christmas in 6 weeks. Make this year the year you pay CASH for Christmas.

#DebtFreeDana #FrugalLiving

How We Stopped Living Paycheck to Paycheck

Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as “MsDiaperD”, sharing over 80 cloth diaper video tutorials.

Build Your Cloth Diaper Stash Here:
*
*

ツ S U B S C R I B E (it’s FREE)

Hey there! I’m Dana. I’m a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

Follow Me on Instagram @DebtFreeDana

*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t – no worries. We’re still buds. HUGS!

“Jingle Bells”
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

hey you guys it's Dana and it's Tuesday so it's time to talk about money and it's Christmas time almost not quite but almost which means it's time to start thinking about it planning for it and today I want to talk about saving $1,000 for Christmas all right so every year Christmas is the same exact day the same day every year and yet for many many years my husband and I Christmas would come and we didn't have any money saved and we would use credit cards so if you've heard my story before you know that we at the top we've had $40,000 in credit card debt and it was very stressful horrible never again right so when Christmas comes now we have a separate savings account for Christmas for money all throughout the year we just put money towards that so then by Christmas time we have our thousand dollar Christmas budget our money set everything's in there but maybe you haven't been saving all year and now you're like oh my gosh we don't have any money for Christmas what are we gonna do well it's not too late to start saving if you're watching this video when it's posted there's about 11 weeks until Christmas but usually shopping begins around Black Friday day after Thanksgiving and November most the time people start shopping at that time because hopefully you're not shopping the day before Christmas because that is very stressful so then you have 6 weeks until Christmas to save but that's six weeks that you can be saving so that you can have a thousand dollar budget for Christmas or maybe it's not a thousand dollars so step one is to determine how much money you need for Christmas right so that way you can do the division and calculate how much you need to be putting away into your separate account to save for Christmas and I highly suggest having a separate account makes things a lot cleaner easier you're less likely to touch that money or in you're more likely to save it for Christmas right so have your budget set and in order to have a budget set I think it's really good to do what Santa says and you have a list and check it twice we have a list of we have spent and for whom we've spent money on in past years because I'm very detail-oriented like that so I have an Excel spreadsheet and I put in there your the names of who we have purchased for how much we spent on them and that way it helps me to sort of trend it year to year if it's your first year doing it I I suggest keeping track of that set next year you'll be able to be more accurate in planning how much money you need and how much money you're spending for each person and then also I like to keep that spreadsheet because when the kids start school so like for teacher gifts say around the holidays when the kids start school a lot of times the teachers send home a letter with information about themselves and I like to take those letters and sort of look through it and see if there's anything in there that I can decipher about the teacher that it will give me gift ideas of what they might like around the holidays so back-to-school night same thing a lot of times they'll talk about themselves what they like whether they have kids if dogs and then I can write little notes in my spreadsheet about what they like to help me be better able to purchase a gift for them so anyway so have a list so you know how much money you're gonna need and for who and then you know how much you're gonna be saving so if you're gonna save a thousand dollars in six weeks then you're gonna need a hundred and sixty six dollars a week to be putting away to get it'll be like nine hundred and ninety six dollars or whatever but to get to the thousand dollars right so it's one hundred and sixty six dollars a week that you're gonna be saving in your separate account so you may be like I don't have any money I don't have any extra money I can't do that so if that's the case then try to see if you can cut just one expense one expense what can it be anything so try to find something you can cut out from now until Christmas maybe you want to cancel a membership that you're not using a gym membership or some other subscription service something you can cancel to help you to have more money to set aside for Christmas before it comes and you're saying a little how many money and then you start using your credit card for things which is what we want to avoid is debt want to avoid debt and pay for cash pay for cat pay with cash for everything oh okay obviously you can also pick up some extra jobs if you want to you know maybe work a night job weekend delivering pieces to kind of increase your income so you can put extra money aside for Christmas now's a good time there's a lot of opportunities when you get closer towards the holidays because all of those I mean the stores are preparing this is when they make the bulk of their money it's the 45 days around the holidays so they are stocking shelves they have a plan so we want to have a plan to save money just as they have a plan to make money but there's plenty of job opportunities like I said you can go and work for them to help stock shelves sell things so there are places to go to find work to make extra money so that you can be ready for Christmas if you're gonna say for the full 11 weeks though up until Christmas then you only need to set aside 90 dollars a week so then that way if you do want to shop the day before Christmas then ninety dollars a week right so whatever the length of time is and however much money you want to save you just obviously want to take the total amount and divide it by the number of weeks you have or the number of paychecks maybe you don't have a week maybe you and your partner you know it's just you you don't have a partner you're getting paid bi-weekly so you want to divide it then obviously you know by that number and then that'll get you to where you want to be all right you guys thank you very much for watching I'm here every single Tuesday talking all about money we're a family of six living in the Philadelphia area and if it's your first time here I'd love it if you'd subscribe and I'll talk to you guys next week and Happy Holidays talk to you soon bye

20+ Unusual Money Saving Ideas

**20+ Unusual Money Saving Ideas**



Views:25440

Rating:4.22

View Time:8:38Minutes

Likes:668

Dislikes:124

Need to find ways to save money? Here are 20+ unusual money saving ideas. Too bizarre? Maybe not. Don’t knock it til’ you try it. What are some scary ways you save money?

#DebtFreeDana #FrugalLiving

How We Stopped Living Paycheck to Paycheck

Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as “MsDiaperD”, sharing over 80 cloth diaper video tutorials.

Build Your Cloth Diaper Stash Here:
*
*

ツ S U B S C R I B E (it’s FREE)

Hey there! I’m Dana. I’m a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

Follow Me on Instagram @DebtFreeDana

*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t – no worries. We’re still buds. HUGS!

“Marty Gots a Plan”
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

hey guys it's Dana and it's Tuesday so it's time to talk about money and today I wanted to share with you 20 bizarre and kind of scary ways to save money okay so it's fall and so it's a time of year that we're sort of enjoying spooky stories things are a little bit scary almost Halloween and I thought this would be really fun to go over 20 ways that you can save money and they're kind of unusual and they might not be for you but maybe they are I actually do we do some of these things and so let's get right into it the 20 ways number one to reuse your bath water or your kids bath water for your children or for another family we have her we do this we give the kids a couple of the kids a bath in the same water obviously if it's really dirty we change it out but if you use the same water instead of draining and refilling it every time that can help save on your water bill speaking of the bathroom you can also cut open the bottom of your soap bottles to get every drop of soap out of them again I am guilty of doing this I like to get everything out of the bottle I don't like to waste stuff number three is to not use toilet paper don't buy it don't use it use newspaper old bills or mailers you can use washcloths you can wipe your butt with those credit card offers if you choose yeah next when you go to restaurants or fast food places you can take some extra condiments ketchup packets and stock up in your refrigerator of all those special things like mustard salt packets turn old wine into vinegar if you have an old bottle of wine that you didn't finish or you never opened it you don't think you're enjoying it if you have an old bottle of wine you can pour it into a container and let it sit and it will turn into vinegar I don't I've never done this so I'm not sure but that's what I hear you can dumpster-dive never done this but you if you go to a college campus and you go on the day of moving out then I suspect that those dumpsters are a goldmine of stuff maybe you want to grab some things that you're gonna sell or you might beautify microwave furniture clothes I don't know because when kids are moving out of colleges a lot of times they get rid of a lot of things that are of value so I I might want to do that one cut your own hair we do this we cut our sons hair I cut them with clippers but if you cut your own hair it's a lot cheaper than going to salons back into the bathroom we go if you put rocks or if you fill up a bottle of water and seal it and stick it in the tank of your toilet it'll help you use less water every time you flush you can live in a tiny home if you've never heard of a tiny home they are a whole new thing where people basically build a little house on a trailer on wheels and they are about 400 square feet and you can live in one of them to cut down on your expenses on your cost a lot of times they're about the price of what a car would be $20,000 you can make a meal of samples if you go to Sam's Club or Costco or even actually I've heard if you go to casinos you can get free meals essentially you can load up on different things that they have I know what casinos I guess they have like orange juice and stuff in the morning sometimes they have free pizza night so if you live near a casino and you go in and you do the penny slots you know really really slowly over the course of an hour you might be to fill up on the free food that they have there same thing if you're shopping around Costco just walk slow go around gather some samples there's so many different places that you can get free samples also I think art exhibits if you go to some of those or First Fridays I believe in some towns you can go and there's lots of free samples into in different galleries and as long as you go slowly through them you know just a little bit from each one you can you can have a meal how about not washing your hair actually a lot of youtubers do not wash their hair including one of my very best friends on YouTube it's no pooing I think it's called but a lot of people don't wash their hair and they say that it makes their hair you soft less dry it's healthier I've never tried this I'm afraid I'm afraid but a lot of people say that they do it and it's great you save money you don't have to buy shampoo use cash only you know I like this and you know we do this and I think that it's a good thing but it is kind of weird not everybody does that so if you pay for four things with cash only it's a little bit harder to part with cash a lot of times than it is to swipe a card so you'll spend less money if you're paying with cash try to think like your grandma or your grandpa or try to think like you live during the Depression era when you know people didn't go out they had to you know they were saving every penny try to try to think like that and live your life like your grandma because I think a lot of times people now are kind of spoiled and we expect you know to have a lot of lavish things in our lives a lot of you know comforts and so try to pretend like you are living you know back in the day you know on the Prairie when people were fighting over land however you want to think about it but try to live like your grandma get into that mindset and you'll pie save money next up is something that I do which is to eat raw eat raw fruits and vegetables because a lot of times they're cheaper than buying meats and also you'll save on electricity because you're not turning on your oven you're not you're not cooking things so if you're eating things are all then that's going to cut down on your electric bill how about washing out used butter containers or just use containers in general I'd used to drink a lot of kombucha I was drinking it everyday a bottle of kombucha and I took all of those bottles those glass bottles and I washed them out and took off scrubbed off the label and we use those bottles every day so or you can use the butter container you know as a food storage you don't have to buy like you know Tupperware container so reuse containers try going to bed earlier if you go to bed earlier probably your electric bill will go down because your lights are off earlier you're not watching TV probably your food bill will go down you're not eating as much not up late snacking so go to bed earlier it's healthier too lot of us do not get enough sleep use a real lawnmower one of those push mowers with the blade you know what I'm talking about the ones that don't require gas if you don't have an enormous yard you could probably mow your lawn with one of these and save money on gas it's worth a try use a thick plastic shower curtain over your windows or over the door frames of rooms that you don't use to save on heating costs so if you put this shower curtain over your window it'll help prevent the cold air from coming in and keep the warm air in help to insulate your house and also the light still comes through and if you really need to see through that window then you can always move it to the side but putting a thick plastic shower curtain over your window frames will save you money how about teaching your cat to use the toilet potty training your cats you don't have to spend a hundred dollars a year or whatever it is on kitty litter and you don't have to worry about emptying that cat litter box how about peeing in the shower remember that Seinfeld episode with George Costanza well I guess peeing in the shower is good because I'll have to flush the toilet as much and you'll save money on water so yeah there you go twenty we're gonna whack e-waste save money maybe you do some of those you don't think they're so weird or maybe you think they are outrageous but if you have an additional item that you think is kind of scary some way that you save money leave it down below in the comments that we can share with each other if it's your first time here be sure to subscribe I'm here every single Tuesday talking all about money we are a family of six and we live in the Philadelphia area and I work in finance full-time but I enjoy doing these videos because it helps to keep us on track with our financial goals and helps me to stay motivated as well as I hope to inspire you guys alright so thank you so much for watching and I'll talk to you next week bye

Retiring at 40, with FIRE (Financial Independence, Retire Early)

**Retiring at 40, with FIRE (Financial Independence, Retire Early)**



Views:10779

Rating:4.91

View Time:8:49Minutes

Likes:519

Dislikes:10

In this video I talk about the FIRE Method to achieve early retirement in your 40’s, 30’s or even 20’s. The main themes of FIRE, which stands for Financial Independence Retire Early, are minimalism, extreme frugality and extra income. Ideally you’d start early, lower your housing costs, drive a used car, cut cable, get out of debt, cut your grocery bill and INVEST, invest, INVEST.

#DebtFreeDana #FrugalLiving

How We Stopped Living Paycheck to Paycheck

Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as “MsDiaperD”, sharing over 80 cloth diaper video tutorials.

Build Your Cloth Diaper Stash Here:
*
*

ツ S U B S C R I B E (it’s FREE)

Hey there! I’m Dana. I’m a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

Follow Me on Instagram @DebtFreeDana

*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t – no worries. We’re still buds. HUGS!

How to Prepare for a NO SPEND Challenge in 2019

**How to Prepare for a NO SPEND Challenge in 2019**



Views:42528

Rating:4.85

View Time:6:46Minutes

Likes:1269

Dislikes:39

A new year is almost upon us. Why not give up spending, except for essential household expenses, for an entire year? Too long? How about challenging yourself to a month of no spending?

In this video I go over how you can prepare for a YEAR (or a month) of no spending by cutting out all non-essential items and budgeting in advance for only the things you decide are most important.

No Spend January Rules

#DebtFreeDana #FrugalLiving

How We Stopped Living Paycheck to Paycheck

Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as “MsDiaperD”, sharing over 80 cloth diaper video tutorials.

Build Your Cloth Diaper Stash Here:
*
*

ツ S U B S C R I B E (it’s FREE)

Hey there! I’m Dana. I’m a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

Follow Me on Instagram @DebtFreeDana

*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t – no worries. We’re still buds. HUGS!

“Marty Gots a Plan”
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

(upbeat music) – Hey you guys, it's
Dana, and it's Tuesday, so it's time to talk about money and in this video, I want to talk about spending no money for the entire year. (cash register dings) Okay, so before you think
I'm totally off the deep end, every single January for
a couple of years now, I do a video talking about
doing a No Spend January, which is basically a
challenge for the month where you commit, you
and your family commit to not spending any
extra money for a month. Meaning you can't just
go out and impulse shop. I don't recommend that
anyway, but you just spend money on your basic necessities. So for example, you still pay
your mortgage or your rent, you're still gonna buy food, you're still gonna pay your
light bill, water bill, all that stuff, but you
just don't spend any money outside of that. So how about thinking about
doing it for the entire year? This is the perfect time to think about it 'cause it's the new year,
the new year's upon us, and so it's a good idea
anyway to look back at the prior year and see
what you spent money on. Hopefully you've been
budgeting this past year so you can look back
at each of your months and see how much you spent on clothes, entertainment, restaurants,
kids' activities, activities for yourself,
maybe your gym membership. You can look at everything
and sort of evaluate where you spent money and whether
or not you're going to be, and then ask yourself,
are you gonna be spending that same money in this next year? So if your child was in
ballet lessons last year in the spring, are you
gonna be doing spring ballet lessons again this coming year? And if you are, then it's a
great idea to plan for it. So that you have that money, set aside. You can budget for it
where you have a separate savings account, checking
account for the money for that particular item
or just, you just know it's allocated, however you do it, you know that money is
allocated for that activity in your main checking account. And then you can save for
it, if you have 26 paychecks, or you and your partner, you can save up. Save per month, you can
divide it per month. Divide it by paychecks. Save that amount of money,
so that when it comes it's almost like you're not
really spending any money. You've already, you have
that money sitting there. Ready to go, the cash is there. So then you're not spending
any money for the year over what you had planned for, right? So, it's not like you're
not spending any money the whole year, but it's going to, I think it's a fantastic challenge, because if you can challenge yourself to plan out everything,
well emergencies aside, that's why you have an emergency account, plan out everything
that you're going to do for the next year, for
your family, for yourself, what you're gonna spend money on, then you can essentially
get through the whole year with having all the money
set aside, planned for, it's like you're not
spending any extra money. So, I kinda love this time of
year, because you can go back. Every month we have a new
written budget for the month, so every dollar that comes in is allocated to go out to a certain area or to a certain savings
bucket, a certain item. So, it's nice to go back
and look at the prior year, compare it to the year before, did we spend more than
we thought we would, less than we thought we would? What do we want to spend money
on this next coming year? And really map it all out
so that way we have the separate account with
the money sitting there, when the time comes to pay for it, okay? So, it might seem hard, but
you can start with one month. If I you want to do a No
Spend month in January, I have a separate video
talking about the rules to do a No Spend January. And it's very similar for the
year, you're just doing it times 12, right, 12 months in the year. And then you just have everything
planned out for the year, and then at the end of the year, you might see that you've
saved a lot of money or it's been less stressful because you've had everything planned out. Doing a No Spend can help you reset. Whether you're doing a No Spend month, a No Spend year, a No Spend weekend, it can help you reset
after maybe overspending over the holidays or having a bad year. Maybe you had a lot of
emergencies and you're just really looking to sort of bring things
back, get more in control. You might be thinking, "Well
what's the difference between a budget and a No Spend?" And basically, you want to
be budgeting every month where you're giving your money a… you're planning it out,
you're telling your money what to do before the month begins. But No Spend is really
you're challenging yourself to cut out those
non-essentials or those items that don't have value to you. So certain things like with
kids' activities for us, we don't do travel, sports,
we'd only do the sports or activities that we find value in. So you have to think about
that, really think about that. Is this something, where
do you think your child's gonna go with this if
they're doing a sport? Is it likely they're gonna
be big league with it, or is it just fun? Is it just something you're doing for fun? And is it really, are they
really having fun doing it? That's something to ask yourself and them. Maybe it is something that can
be cut out to help simplify your life, simplify your
schedule, and we have done that. We've had some things in,
and then we've taken it out because we thought that's just too much. It's not good for our family. What really is the end goal with this? So it's good to look at
that with all things. And so doing a No Spend is great, like are you eating out too often? Is that good or bad for your health? Maybe you don't want to be doing that. Maybe you're spending time with people, spending money doing things
that you really don't want to, 'cause it's not good for you. Maybe those people are
bad influences on you and your family, and your life. So the new year is the
perfect time to think about all those things, and then to sort of plan forward into the next year. And challenging yourself
makes you a stronger person, I believe, because if you can
get through those challenges, it gives you confidence,
it carries forward in all parts of your life. So I think it's important to
continue to challenge ourselves So think about doing a No Spend January, and then perhaps doing
a No Spend year. Okay? Alright you guys, if it's
your first time here, I'm here every single Tuesday,
talking all about money. Except for next Tuesday
because it's Christmas day. So I'll have a little Christmas
special for you that week, but I will not be talking about
money the week of Christmas because I'm spending time with my family. But every other Tuesday I'm
here talking all about money, so be sure to subscribe,
and I will talk to you guys in the next video. Alright? Bye.