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50 FRUGAL LIVING TIPS That Really Work | How I live frugally to SAVE MONEY | Cherry Tung

**50 FRUGAL LIVING TIPS That Really Work | How I live frugally to SAVE MONEY | Cherry Tung**



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#frugalliving #savemoney #frugallivingtips
hey it's your garlic cherry here and today we're doing 50 frugal living tips it is going to be a frugal living marathon so grab your 20 cent iced coffee or 90 cent avocado toast and start watching number one is that I do not chase after the newest technology as a youtuber this can be kind of difficult because a lot of youtubers do chase after the newest camera or the newest phone because it is part of being a youtuber it can increase your efficiency to some extent but I just simply don't see the need of upgrading my phone to like iPhone 11 right now and I also don't see it the need to upgrade my MacBook Air since it is still operating after using it for three years the camera that I'm using right now is the Canon a DD which is kind of an old-school camera by now it shoots 1080 instead of 4k but I think it is enough for me to produce quality YouTube videos and number two similarly it's similar with chasing after technology trends I also don't chase after fashion trends or beauty trends so I always wait for an extended period of time until I actually buy a new product let it be an eyeliner or face cream I always stick with the classics and I don't chase after the trend number three is that similarly I also only buy the very classy designs of everything from clothes to jewelry is to shoes I never go after trends because trends come and go like waves in the ocean so I really don't see any need for me to buy very trendy items that can make me like the it girl for a week and then a week later I have to toss that piece of item and then chase after a new trend I really don't see the point and honestly I am just too lazy it for that stuff number four is that what I really do need to buy something I always make sure to turn on my Ebates extension in my Google Chrome browser what Ebates does is that it gives you cash back on many many websites that you shop in they also sometimes have four times cash back or very exclusive deals that you can only see after installing this Google Chrome a plugin so I will include an invite link in the info box so you can check that out for yourself even though 3% 5% 10% may not seem like a lot at the first glance think about how much money you will save in the long run and Ebates also allow you to get those cashback even with existing discounts on the website let's say Macy's gives you 40% off and eBay's can give you additional cash back on top of those 40% off you will also get $25 every time you invite a new friend to join Ebates and eBay's will just mail you your check number five is Amazon I'm an Amazon Prime member and I saved so much gas money and also time for just ordering things from Amazon and for the majority of the times when I do price checks and price comparisons I always find that the things on Amazon cost the least this might be because Amazon does not have the same amount of overhead cost it does not have to pay rent per say so that is why the prices on Amazon tend to be a lot more affordable number six is a 30-day rule so I always give myself 30 days to decide whether or not I really need to make this one-time purchase sometimes it might be just an urge because I saw this piece of clothing like maybe these white pants look super good on this fashion blogger but do I really need white pants in my life I will give myself 30 days to think about it and nine times out of ten that urge goes away after 30 days if I don't need that item for 30 days then why would I purchase this item number 7 is shop secondhand I buy a lot of my furniture it's the second-hand that coffee table outside in the living room that is for sale right now I got that secondhand I also got a lot of my past furnitures the second-hand even though I sold all of them already I also get some of my clothes secondhand and I don't see anything wrong with that because there is really a surplus of supply of second-hand clothes and not enough demand just walk into your nearest consignment store or a thrift store or secondhand store and you will see Wow all these clothes but why are they just sitting here why are people not purchasing them and number eight is sell your unused item on Facebook marketplace or Craigslist or even Facebook groups this way you can not only eliminate a lot of junk in your storage and get more space you can also get some cash out of it number nine is unsubscribed from shopping sites and I know a lot of people might be like but you're gonna miss out on those exclusive deals and discounts but think about it how many times have you click onto a shopping site simply because it appeared in your inbox you did not even plan to shop at that place but because this discount message showed up in your inbox you clicked into it and purchase something that you never plan to purchase this happened to me at several times and I really don't see why I should let this happen again if I really need to buy something I will go to the store myself or go to the website myself and if there is a discount I will be able to see that discount I don't need the discount to be sent to my inbox in order to remind me that I need to buy something and another way to get around this is that you can also register a separate email specifically for shopping and you only look into that email when you need to shop for something and you keep your goals super clear so you don't get distracted by discounts from other stores that you did not plan to shop at and number 10 is that similarly you should unsubscribe from those fashion bloggers that all they do is tell you to buy buy and buy more things a lot of fashion bloggers do this and they use really misleading titles like every girl needs this every woman needs as pair of heels or this season these are those must buy items you really don't need these messages in your life you don't need to buy anything to make you more or less of who you are you are who you are what you buy is not going to change who you are and most of the time these titles are so click baby because these fashion bloggers benefit directly from you purchasing with the links they put in the info box I also used to do a lot of fashion content but I really try not to push people to buy things because I simply don't believe in just blindly buying I believe in buying quality products Prague's that lasts you a lifetime or at least a very long time and products that have great value retention this is something that I mentioned over and over again on my channel and number eleven might also go against a lot of other frugal bloggers tips and is that do not buy things and bulk simply because as cheaper cost per unit it's not worth it sometimes I find myself buying maybe a hundred cup noodles for example do I really need a hundred cup noodles in my life am I really going to finish those a hundred cup noodles probably not but then because it is so cheap per unit I tend to buy things in bulk that I don't actually need or finish so that is why you should consider beyond the cost per unit and actually think about what what's the likelihood of you finishing this bulk of things if it's something like toilet paper that you will finish sooner or later and it has no clear expiration date then I guess yeah you can buy them in bulk from Costco but if it's something like some food that is cheaper in bulk or some seasoning that is cheaper in bulk but you know you won't finish it then why buy them in bulk and number 12 is buy generic brands just look into the ingredients generic brands are not different from name brands when you start buying generic brands you will start to realize that it is cheaper and the content is also the same a lot of the generic branded things out there actually were made from the same factory that produces the name-brand things they just swap the packaging and make it more expensive for the name-brand things whereas you get the exactly same thing with the generic brands number 13 is use towel instead of paper towel and this is just a more specific way of saying if you can buy something that can be reused over and over again don't buy the disposable ones because disposable things are always more expensive in the long run especially if you know you'll be using this thing over and over again something as simple as paper towel using towel instead of paper towel it can save you so much money in the long run number fourteen is that I use credit cards for cashbox and I have successfully dashed the payment of several of my credit cards because I simply applied my credit card points for cash bag and I used it for my credit card balance number fifteen is that I use my credit cards for budgeting and expense tracking for my budgeting I have made several blushing videos since March of 2019 showing you exactly at what my budget looks like how much I spend every month down to the penny and it is super fast and easy for me to do this because I simply look at my credit card statements and I can pinpoint exactly where these money went where I spent these money on and since I use each Craig heart for different categories for example I use the American Express rose gold card specifically for dining out and it's super easy for me to categorize my spending within those credit card categories each and every month it only takes me around 20 minutes to figure out my spending for the entire month number 16 is automate your bills from water to gas to electricity just automate it this will save you so much time and you can use that time to produce more value and earn more money number 17 is credit card churning which is the act of signing up for different credit cards in order to get their points some credit cards can give you credit card points that are valued at several hundred dollars and for some other credit cards that give you direct cash back for your purchases the most recent credit card that I sign up for and opened is the Bank of America world MasterCard and it gave me two hundred dollar cash bag for my first 1,000 dollar purchases and past three months and for the one thousand dollar purchases I did not buy anything that I did not plan for I already wanted to get a cat litter robot before I got this cart and getting this card just gave me a two hundred dollar discount all my purchase number 18 is bank account turning so some lurch of credit card turning bank account turning also gives you a cash bonuses when you open up new bank accounts the advantage to bank account turning is that they do not pull up your credit score so you do not have to worry about having a ding in your credit score because of opening a new bank account these are just direct cash backs and in order to find out more at bank account turning opportunities I have actually made a master list of all the credit card and bank account turning with their cash awards with their application links and a Google sheets I will leave the link in my info box and number-19 is no cabl I stopped paying for cable since high school actually I never really paid for cable because I was living with my parents back then so I never found the need to have cable especially with YouTube and Amazon Prime movies I really don't find the need to get cable anymore I can almost get anything that I want to watch from the internet and number 20 is cut down on phone cost your phone bills ass around and price compare and even as your frugal friends what service do they use because paying 60 to 100 bucks every single month for a phone bill is pretty absurd number 21 is that I don't use subscription services such as Netflix or SoundCloud or its Spotify the only subscription service that I use as Amazon Prime which for my lifestyle actually saves me more money so that's why I keep on using it but I don't have any monthly subscription service number 22 is Aaron stay an Aaron stay for me as a way for me to increase my efficiency by just bulking all my chores together I have also automated a lot of my chores such as getting my litter robot and also getting of knocking robot this way I can save so much more time and focus my energy and time on the things that really move the needle in terms of saving money and making money number 23 is that I don't wash my car all right I know you might think I'm like super dirty and everything I do vacuum the inside of my car before the outside of my car I just don't see the need to wash it sometimes when I get my gas refill I do clean the windows of my car but I really don't see the need to get a car wash like every single month because it's gonna get dirty and especially because I do park outside at work and also at home it's an outdoor parking spot I don't see the need to keep going back to the car wash and just get my car dirty again when I park at home number 24 is get a free library card and you can get access to a lot of free resources such as audiobooks free Internet and also of course traditional books number 25 is just a personal habit I always make sure I turn off all the electronics all the lights all the a/c all the fans before I leave the house number 26 is that I don't have an a/c installed in my room I just use a fan and partially it is because I make YouTube fears and having an a/c would just be way too loud for my videos so I don't even turn the a/c on for most of the time so why would I get a portable a/c if I film for so much of my life and I don't use the a/c when I film living and Santa Monica I can say you can tolerate living without a/c and I do have AC in the living room just not in my bedroom I will also link the fan that I use in the info box so you can check that out I think it's a pretty great fan it's only 20 bucks I mean what more can you ask for it's 20 bucks number 27 is that I don't use my dishwasher I just hadn't wash my dishes and also I don't use that much dishes anyway so I don't have that many dishes to wash we just use the dishwasher like a drying rack like most Asian households number 28 it's that I don't use the point op dryer and washer I actually I wash my clothes since a lot of my clothes are made with silk and delicate materials I just find that it gives me a peace of mind when I hand wash my clothes I also like to hand wash my undergarments because I find that way it is more sanitary I will link the detergent that I use for my silk items in my info box number 29 is that I always pregame before partying I really don't find the need to pay 8 to 15 bucks on a single drink when you go out this can really add up in the long run I know a lot of people who spend upwards to two hundred dollars just in one night that is a lot of money and that is also money that can be put into your investments so that is why I always pregame before I go out and number 30 is that I find free events on meetup.com and this is one great way to not be judged because you're being frugal a lot of the free events will explicitly say that they're free in the title so you don't even have to be worried about being judged by your friends because you're so frugal and you want to go to a free event number 31 is cut back on meaningless social activities I'm pretty sure you have felt the times when you don't want to go to a party but you're just going for the sake of going you're just going for a sink of some of your not so close friends want you to go and you go to a party and then you end up buying a lot of drinks or food and spending a lot of money and it makes you feel really unhappy as I grow older and wiser I learned to eliminate these meaningless social activities and these people are not my true friends and these are just my social friends which in Chinese we call it chill roll pony ole if that is the case then why do I have to attend these meaningless social interactions and activities they not only drain my energy but also drain my wallet number 32 is resist the temptation of buying a food or drink just for social reasons sometimes at social events we can feel so awkward and we feel like we have to hold a cup in our hands in order to feel less awkward well see of tip to not go to these meaningless social events but even when you're out there just resists the temptation of holding a drink in your hand it's really not necessary and if you really want to hold something just get a free glass of water number 33 is drive a used car the current car that I'm driving is used is a 2014 car but if I were to rewind back to the day when it purchased this car I'd probably get a car that's even older and I'll also do extensive research on where it is the bottom of the depreciation curve aka what year of what car I should get to get the most bang of my book number 34 is don't get those bundle deals on special car component insurance or maintenance because most of the time these are just ways for the car dealership to make extra money and most of the time these bundles are pure junk I know this from experience these car dealerships they have this like listed price but then they encourage you to get these extra bundles they make it sound like a great deal and they make it seem like you have to get this to protect your car no you don't because almost almost every single time I just hear people talk about this as a complete waste of money and I probably wasted like almost 10k on these bundles that I never used ever throughout the life of me driving so what is the point number 35 is that I cut my own hair and this has saved me so much money for so many years I even tried cutting my own bangs which I will include the video link so you can check that out that was me a couple years ago so I probably look pretty different but I cut my own hair and I only get my hair professionally cut when I get my hair colored professionally which is not that often number 36 is I also dye my own hair so this is also something that I do all my own with bubble hair dye Japanese bubble hair dye are seriously so easy they are in foam form bubble form so you just need to put it on your hair kind of like when you wash your hair with shampoo and the color distributes really really nicely and evenly my current hair is not done with bubble hair dye because I did want to get highlights I didn't want to get a rose gold color but I have used bubble hair dyes for several times and each time I was not disappointed the good thing about using bubble hair tie is that it is completely possible for you to do it on your own without anyone's health number 37 is that I do my own gel nails and I will also show you exactly how I do my gel nails in a future video doing your nails on your own not only it saves you a lot of money but of course also time because you no longer have to wait in line often times for the popular nail salons even after I make an appointment I have to sit there for like half an hour or more just to get their nail technician to work on my nails the time wisdom can easily be used for more productive projects such as filming YouTube videos so that is why I decided to do my own nails so I can control exactly what my nails look like I can control exactly at what time I do my nails and I can control exactly how many jumps I want to put on my nails to blame them up number 38 is that I do my own lash extensions I will also include a video a tutorial of me doing my own individual lash extensions the good thing about this is that this can save you so much money a lash extension appointment can the lowest one I found is $100 and a refill is like $60 but you still need to pay tip and by doing lash extensions on your own you probably only need to spend like 20 bucks 20 bucks for a full kit that you can use for several months for nail appointments no appointments usually range from 25 bucks to 200 bucks and you can easily spend that 25 bucks on a nail art kit and you can use this kit for so many times I want to say at least 30 times with just those 25 bucks initial investment and number 39 is I wash my own clothes especially the silk ones and the delicate material clothes so that I can make my clothes last much longer and number 40 is that I do a monthly purge of a very specific area of my apartment every single month it can be really overwhelming doing a purge of everywhere in my apartment but I like to do a purge of a very specific cabinet for example at my apartment so I can know exactly what it's in there what I can sell and what I can stop buying because sometimes we buy something we forget they exist and we keep buying the same item over and over again because we keep forgetting that we have purchased them in the past by doing a purge you not only find those duplicate items you can also find which are some items that you never reach for you never use so that you can sell those items number 41 is that I travel with miles I stopped paying out of pocket for plane tickets simply because it is just so much more cost-effective to purchase your tickets with miles the miles I use are from like miles which is part of the Star Alliance they work with a lot of Airlines under Star Alliance and my most recent solar ship to Panama was also purchased with miles my round-trip ticket including a business class ticket from Panama to la la to Panama round-trip was only 600 something dollars number 42 is booked Airbnb and stuff hotel because it is not only cheaper but it also gives you a very authentic experience of the local life number 43 is that I walk instead of uber for a lot of Torcy things that I do when I travel number 44 is that I buy my flights early I always purchase my tickets at least a month or two before my actual travel date so I can get the best deals in the market number 45 is that I pack energy bars with me whenever I do touristy things in a foreign place because oftentimes the touristy places saw really expensive and overpriced food and I also don't want to stop for an extensive amount of time just for eating just for filling my stomach I'd rather spend that time exploring the new country exploring the new city so I always pay energy bars with me whenever I do a lot of walking and Torcy places so I can fill up my stomach in no time with minimum cost number 46 is that I have a reusable water bottle whenever I travel and whenever I do sports and this can save me so much money in the long run because if you buy plastic water bottles individually they can cost anywhere from a bug to five bucks depending on which brand you get and by packing your own water bottle that cost is zero because I can just drink filtered tap water number forty-seven is that I also use a mug at work so I can eliminate producing waste and also take advantage of my office's free coffee number 48 is that I practice zero food waste especially when I dine out I always ask for the leftovers four to go even though some people might look at this as a really cheap thing to do it actually saved me so much money sometimes my one meal can be split into three different meals just because I packed to-go boxes and if you're worried about your environmental footprint you can also bring your own boxes and just pack the leftovers into your own boxes number forty nine is that I never buy coffee or tea never ever the only time I buy a drink is probably boba which I do not make on my own but of course it is possible to make bova on your own it just takes a long time but I never buy coffee tea or pretty much anything that I can make on my own I always make my own coffee and tea I will also link some late footman's that I use in my info box and number fifty which is very crucial is that I don't order drinks at meals because drinks at meals can be so expensive especially if there are alcoholic drinks a glass of wine can cost twelve to fifteen bucks depending on what wine it is and honestly I cannot tell the difference between the wine they serve at restaurants Wein I can get from TJ's what is the point spending so much money for a glass of wine when you dine out that's a lot of cost added together cumulative Li so these are my fifty frugal living tips I hope you guys enjoy this video and I will see you in my next personal finance video if you enjoy this video please give me a thumbs up and subscribe and hit that Bell for more videos like this

10 Frugal Living Tips That Actually Work | Habits That Will Save You Thousands💰| #frugalliving

**10 Frugal Living Tips That Actually Work | Habits That Will Save You Thousands💰| #frugalliving**



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hello and welcome to my channel my name is Nicole from frugal chic live.com and today I'm here to share 10 of my absolute favorite frugal living tips that will help you save thousands of dollars for me personally I look at my frugality as a badge of honor and use it as another tool in my toolbox to achieve my financial dreams so with that said if you're willing to embrace your inner frugal then keep watching for these top 10 tips tip number one is to take your lunch to work it might seem very simple and very straightforward but it can save you thousands of dollars in the long run taking your lunch to work is something that many people have dabbled with here and there but in order for it to become a real habit you got to work at it you can't wait until you have 5 minutes left to get out of the door and try to throw something in the lunch bag because it's gonna be something you don't want to eat and then when you get to work at lunchtime you're gonna look at that lunch bag and say yeah I don't really want this and then go out for lunch anyway so by being prepared making your lunch the night before making sure that you have the foods on hand that you're gonna actually be interested in eating that is going to help you be more excited about taking your lunch to work every day tip number two is to meal plan and prep I don't know how many times as a busy wife and mother I've gotten overwhelmed didn't plan properly and just ended up ordering a pizza one time not a big deal 2030 times in a year it does tend to add up that's money that could be going into your children's college fund or into your emergency fund take out a piece of paper write out your potential meals for the week I also recommend that you do a quick inventory of your pantry your fridge your cabinets to see what you have on hand first and then you know exactly what items to put on your shopping list when you go to the grocery store tip number three is to shop for a cheaper cellphone plan a lot of times there are so many hidden fees or you could be stuck in a contract with early termination fees nowadays there is no reason to operate that way with your cell phone there are so many different competitors out there so I say every now and then do some research compare the numbers and see if you can get a better deal ya know it seems like a hassle to switch services but if it's going to be the difference between you saving hundreds of dollars per year it's worth a few minutes of your time to do the research and maybe May a couple of calls to see if you can get a deal for me right now I'm using a service called hello it's much cheaper than the service that I was using before currently the cell phone plan that I'm using is under 20 dollars per month so that is an excellent deal if I say so myself tip number four is to cut the cable the 90s have called and they want their cable box back in today's world there is absolutely no reason for you to still have a traditional cable box or even a satellite dish there are so many different options that you can choose from I think we cut out cable about two years ago now and it was one of the best decisions that we have made right now we have an Amazon fire stick we've used sling TV we also recently came across this service called soap layer and that has been amazing I'm still learning how to use it but it is a great resource for us and it saved us a ton of money tip number five is one of my absolutely favorite frugal living heck's and that is to buy items that can be used for multiple purposes who says that you have to have separate products to wash your hands with to clean surfaces with to wash up with maybe you can find one product that works for all three tip number six is to scale back or entirely eliminate paper products in your house now this one has definitely been a struggle in my household I have tried to get rid of paper plates my husband is not here for it he has a problem with it even though I'm the one that does the dishes and if y'all can't tell I'm still salty about this and we've been arguing about this for many years but sometimes you just got to give in and compromise so at this stage in my life I'm not personally able to eliminate all people products but I'm slowly trying to introduce my family to the benefits of reusable items in the household not only is it good for your budget but it's also better for the environment tip number seven is to stockpile there are certainly items that you purchase for your family on a consistent basis month after month in my household what I like to do is separate out my food budget from my household items budget and with the money from my household products our stockpile on a quarterly basis at this point I have a good estimate of how many tubes of 2-phase we go through in a three month period how many rolls of toilet paper we use I have it almost down to a science and what I do is just pick up those items I see sales available tip number eight is to try a no-spin challenge no spent challenges have been a great way for me to personally reset my spending habits even though I'm a frugal person I have had periods of my life when I've been a little more on the spending side I know y'all don't believe it but it definitely is true so if you are that person that can occasionally get a little bit spendy and have too many items on hand and your house too many clothes too many pairs of shoes then doing a no-spin challenge might be the perfect thing for you I've gone as long as a year and a half without buying clothes and shoes and for a lot of us ladies that is a difficult thing to do but I gradually built up to it you don't have to start out saying I'm not going to shop for two years that probably would be setting yourself up for failure start with smaller increments of time start with a week even you can start by saying for the next seven days I'm not gonna buy any items that are not absolutely needs for my family I also like to do specific no-spin challenges I want the entire summer on a makeup no buy I've also challenged myself to not buy new clothes or home decor that I didn't need so if you haven't done one already I'm issuing you a challenge right now to try your very first no-spin challenge tip number nine is to shop your closet this is a great extension of sip number eight and with a shop your closet challenge you basically challenge yourself to go into your closet and create new outfit combinations out of the existing pieces in your wardrobe so try pairing your favorite sweater with a pair of pants that you've never tried it with put on a different set of accessories try out different combinations and get creative with it and that will help you not to focus on the fact that you're not bringing in new items in your wardrobe as frequently as you were in the past and what this does is it gives you a greater appreciation for the items that you already own the final tip is a mindset heck if you are the type of person that's not naturally frugal this one is going to be perfect for you tip number 10 is to focus on your financial why what's the main reason why you want to get out of debt save more money and become financially independent what are your core values what are you working towards these are the types of questions that you want to ask yourself when we keep out mine on the way it makes those day-to-day decisions much easier so when you're attempted to buy that new $300 winter coat you can say to yourself does this purchase align with what I'm trying to do could I take this $300 and put it on my credit card debt could I take that $300 and make an extra principle payment on my student loans or on my mortgage so when you frame it that way it helps to make you a bit more motivated about the changes that you're trying to implement so whenever you have a temptation and you might get ready to fall off the wagon think about your financial why even better write it down put it on a post-it and look at it every single day so that you remember which are working towards in the comments below I would love for you to share your number-one frugal living heck also if you're looking to learn more about how to manage your money properly how to save more money how to budget and all of those things then check out the playlists that I've created for you here thank you so much for watching and until next time live well and speed lust

💰My MINIMALIST Money Saving Tips / FRUGAL Money Tips (LESS is MORE)

**💰My MINIMALIST Money Saving Tips / FRUGAL Money Tips (LESS is MORE)**



View Time:17:34Minutes



So you want to save money like a minimalist?? You want to learn more frugal living tips?? Well this video goes over my frugal lifestyle everyday of how to save money from just a few cents to thousands of dollars.

1. Library 0:43
2. Water at restaurants 1:09
3. Leftovers from restaurants 1:37
4. Survey for gas 2:34
5. No food at movies 3:32
6. Ninja at movies 4:26
7. 2 meals a day 5:06
8. Keep money in MM 6:27
9. Use credit cards 7:11
10. YouTube as entertainment 9:06
11. Video games are cheap entertainment 10:17
12. Walking around block for leg day instead of gym 11:01
13. Planet fitness massage chairs instead of chiropractor 12:07
14. Investing personally instead of using someone else 13:34
15. Use high interest savings accounts as much as possible 15:21

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#FrugalLiving #Minimalist #Minimalism #RealLife #SavingHacks #DebtFree
I am sure that you have heard of multiple other frugal living tips how to save money and everything like that but we're going to be talking about a little bit more specific things that I love probably a little bit more than I should to actually save money and if you want things a little bit quicker I'll leave timestamps in the description so you could jump around to what you might seem interested in hey guys how's it going and thanks for coming I'm Nick and this is real life money where we get you debt free so you could start making some real money and start living a real life so frugal living tips there's always ways to save money we're going over a bunch of them in this video so let's get started the first tip that I do a lot like usually every weekend is go to the library I just like this to one you can get free movies you could get free books you can get free audiobooks which I really love I learned a bunch of this financial education stuff over the years investing saving money real estate or really anything you get like a college degree while just driving to work next couple of tips are involving restaurants now obviously I would try to avoid restaurants because they are a bit expensive but every so often going out isn't horrible so if you do go out to restaurant number two would be just ordering water not appetizers and desserts basically so I always get water one just because it's healthy for you right I don't like getting soda and everything like that so it is healthier and it's also cheaper but focusing more on the food going on to the number three is just to make things easy let's say it's like $12 for something that's a little bit pricey for food that you could probably get in a supermarket for you know probably few bucks several bucks whatever well sometimes these entrees are actually larger than well everything is larger than a serving size we all want more but what I sometimes do is actually eat half of the on yeah entree and then I use the other half or like leftovers for the next day so that $12 meal ends up being split into two meals which is six dollars and six dollars when you're looking at six bucks it's actually not to bed of course you have to factor in the tip and everything but still it's saving you half the cost number four I do every single week I think I'm smooth about it but this is surveying the area for gas and I'm talking about gas prices I am NOT talking about going five towns over to get two cents cheaper on a gas what I do I just survey throughout the day so when I go to work I look at all the gas stations that are pests and then I go home like a separate way and then you kind of just look at the cheapest one so if let's say the cheapest one is coming back from work then I just go to that gas station when I go to work the next day I mean you kind of hope that that that cheap price is still there but again you just survey the area see what's cheaper you're not going to save a million dollars this way it makes me happy if I save you know a few cents especially when you don't have to you got to get gas anyway that's what I do next couple is with kind of geared toward entertainment which is the movies number five would be just simply no food while going to the movies now we all love going to the movies to see whatever is out there my personal I loved inception or interstellar and I like movies that make you think because not many people do that anymore anyway you know when I was a kid I always got like popcorn and you get soda and everything like that as I got older I actually don't eat anything at the movies most likely you're going to have lunch before after the movie so there's food for you or you're probably going to like dinner and then a movie or a movie and then dinner like you're gonna have food close to the movie so you don't need that extra food one you save money but it's also healthier for you and that's what I like number six is being a little sneaky if you wish to bring some type of snack to the movies what especially what my brother does he loves those sour gummy worm things so you go to the dollar store which is a dollar you pick up a box or two versus if you get candy at the actual theater is like five dollars so you know you're saving a few bucks there which is very nice and then you simply slip that into your back pocket or something like that no one really cares and then you just go into the movie theater you save money on your candy and you still enjoy your movie now before we're moving into number seven which I've recently adapted and I'm actually saving a bunch of money with it if any of these are like relatable to you or do you have any separate ones that you love doing to save money definitely leave them in the comments section below to help others out save money just like you but anyway number seven we're talking about basically skipping a meal or combining meals let's just say most people they go breakfast lunch and dinner you got to take time and money for each of those meals so obviously I usually do this during the weekend because you have a little bit more time I kind of have a later breakfast and an earlier lunch so you combined one giant meal like a brunch I guess you can call it so one meal it takes less time it's less money and then you just have maybe like a smaller dinner later on in the day so you're not wasting your time and money on two meals you're combining both of them and I think that's great during weekends because it just saves you it's not only the money part but it's also time you want time to relax during the weekend or do anything that you actually like to do so I think this is actually a great tip number eight which I get a lot of joy from for whatever reason and I don't think a lot of people utilize this as much as they should a lot of people have no idea to focus on their bank accounts I focus a lot on my bank account so I put most of my money in a money market account right now I'm getting like 2% rates could be dropping so it might not stay like that but I'm keeping all my money in a money market or most of my money in a money market account to get interest instead of like a savings account that doesn't really give anything or your checking account which gives absolutely nothing so no matter if you're getting you know a few extra bucks in your money market I keep it all in there so as we're talking about money markets we're gonna be moving into number nine is using credit cards a lot of people are gonna hate that you Dave Ramsey fans I completely understand for most people they're horrible things you just spend a ridiculous amount you don't even think about it and you lose a lot of money like that and this cash back option is what hit people even more because hey spend more save more spend yes spend more you save more no that's dumb don't fall into that trap but if you're smart and wise and could actually manage your money a little bit that's why I personally like it is that one I get cash back on credit cards again you're not going to become a millionaire from it but I get a few bucks back of just necessary purchases by the way I'm not just spending more to get more cash back I spend it on gas food that's it and wile I pay that money back every single month by the way never pay money on interest just pay it off every single month I set that up with my money market account so going back to number eight so I try to keep all my money in my money market account I schedule the credit card payment for let's say the 25th so I keep all the money in the 25th and when that comes around there's an automatic transfer from my money market to pay off my credit cards it is probably insignificant I might save a few cents maybe few bucks depending on the amount of the bill but when you keep that money in that account as long as possible you maximize your interest if your frugal this could definitely make you happy a normal person probably won't so if you're liking these so far and you're not a normal person whatsoever just like myself give this video a thumbs up if any of these are helping you so let's move on right into number 10 which is entertainment I think entertainment is very very important because of course we got to enjoy life a little bit but a lot of people spend way too much money on entertainment they go out every weekend they go to concerts all the time and trips all over the world and I'm not saying to not do that but when you really enjoy the small things that's what life could be about so for my entertainment I actually find a lot of entertainment on just YouTube I'm crazy enough I think I find myself entertaining sometimes but just other channels not only no financial channels I'm into video games so I watch that maybe some cooking maybe some people falling down stairs or whatever you find interesting YouTube is a great platform because it's free it's entertaining and you could definitely it's like a part of a community you could leave comments piggybacking off of entertainment number 11 I used to be a huge video game nerd in school still play it not as much thank God it consumed my life but that is a pretty cheap form of entertainment for me personally I enjoy it and you really especially if you're into like older games you could enjoy for hours days weeks even years after spending 10 20 30 dollars and then you're just entertained forever so that's why I enjoy video games and I usually play with my brother so it's good quality time as well number 12 I just started thinking about this it kind of works it really depends on the type person you are but this is I am involved with a gym membership and I do believe that people should be active possibly go to the gym if you want to save a few bucks there by all means but I do like going to the gym every so often to just stay active lift some weights just to you have one body you got to take care of it however to save a few bucks and this is just to like save money on gas essentially to not go to the gym for a leg day or if you just want to like walk around instead of driving there driving back if the gym is far from you you save even more money miles on your car you just walk around your block it's quicker you walk around your block around your neighborhood you could walk with someone you get outside instead of just staying inside all the time and just enjoy it that way number 13 which I recently got into sticking with the gym idea sponsored by Planet Fitness no I'm kidding maybe in the future but I do go to Planet Fitness so if you guys do plan on going to like a cheap gym it's ten dollars a month to take care of yourself for ten dollars a month that's not expensive that's actually very very cheap so I actually have the black card membership and I'll tell you why because I have an office job and I had some back problems and in the past and I used to go to a chiropractor so no I go to the chiropractor he cracks your back you get scared you think you're gonna get paralyzed he breaks your neck and everything and that's not cheap chiropractors I mean the one I went to have forgot the exact price but they could definitely get up there especially when you go there often some people go weekly I used to go monthly but you know you spend a couple hundred bucks will Planet Fitness Black Card membership has massage chairs so for an extra ten dollars a month I kind of have a chiropractic massage on my back for just ten dollars you enjoy it you say down so you save actually a good amount of money might not be like to the maximum benefit of a chiropractor but it's better than nothing so that's what I like to do next number of 14 of course i goddess peaked on my investing side is I personally invest my money versus using some like a financial adviser to save me money well they don't save your money at all really because you're gonna pay them expenses you're going to pay them fees so you're overpaying for usually under performance if you guys are interested in investing of course I have other videos like that but a lot of people have no idea so they pay these people which usually aren't the best so I usually just invest my own money a lot of people just love index funds and you could save a ton of money that way just fun fact for you something that I found disgusting 401ks if your company you know provides this for you you would want to save for retirement and everything the average person for a 401k pays a hundred fifty thousand dollars in fees without even knowing when I found that out I thought that was disgusting because they're just fees for the 401k there are fees for mutual funds when you minimize those fees you know that could be saving you hundreds thousands tens of thousands or even more throughout your life especially with compound interest and everything like that so that's why I just invests in my own investments even just like Vanguard because their fees are very very low that's a huge benefit of being frugal that I love it's not only being frugal it's just a smart way to invest and the next thing that I like saving money is more of just like accounts of high interest savings accounts or any other types of investments so if you don't want to let's say in best for you no more risky things this is more on the safe side so you can get into money market accounts kind of mention this a little bit before but it is separate from a savings account they kind of have benefits of both the checking and a savings I go to a credit union definitely recommend it because they're not for-profit and you can get more interest better rates even forever other things like mortgage car car loans or anything like that so definitely recommend a credit union and they have good money market accounts so I like money market accounts versus like a savings account if you're into t-bills that's investing in let's say like the government you could invest like one two three months I'm not going into much with that just interest rates are really weird right now it doesn't make sense to invest in them right now because like a lot of money market accounts are actually paying the same as a t-bill so right now might not make sense now that's just me personally some of these make complete sense some of them make no sense so you would have to make the decision on that whether you like that or just hate some ideas I do believe that you know saving a few cents doesn't always make sense since since anyway I would actually recommend because we have limited time sometimes I would actually spend more money to save time so that's something that I would definitely leave you off to think about so if you guys have any questions comments concerns please leave them down below I love would love to hear what you have to say so thank you so much for watching guys really appreciate it and I'll see you in the next one

8 Frugal Living Tips to Start Owning Rental Property

**8 Frugal Living Tips to Start Owning Rental Property**



View Time:13:46Minutes



In this video I share 8 Frugal Living Tips that I’ve used and you can use to save money and start investing it such as owning rental property. Living a Frugal lifestyle is how we did it and you can too! Instagram:

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Also Watch:

How To Buy A Rental Property Series:

Why You Shouldn’t Buy a House:

Buying Rental Property Out Of State:

Health Insurance Alternatives:

Samaritan Ministries:


Here are 8 Frugal lifestyle ideas that will help you start building wealth to invest in real estate.

1. Housing – The standard rule thrown around is to spend about 1/3 of your income on housing. If you’re able to lower this or completely eliminate this expense then this going to help you save a lot more money. One great way of doing this is house hacking which is buying a 2-4 unit property, living in one side and renting out the others. Another way to do this is living with family. This is what we have done so far and living in Los Angeles where rents and mortgages are sky high, it’s helped us save a lot of money.

2. Transportation – Too many people make a big mistake buy purchasing nice fancy cars they can’t really afford. This sets them back and they never get ahead because they’re throwing all their spare money into a depreciating asset. My frugal tip with this is to either purchase a cheap car all cash or if you really want to step up your frugality, I would live close to work so that you can bike to work. This will not only save you car payments but also, car insurance, maintenance, and gas expenses.

3. Food – Eating out is another huge expense and when we found we were spending $1,200 on food for us, we were shocked! Lowering your food expenses can dramatically impact your overall savings rate. My frugal tip for this is to Not eat out as much as possible. It’s much cheaper to shop at the grocery stores than eat at restaurants so just plan ahead during the week to make time for grocery shopping. Even things like coffee can add up. If you spend $5 a day on Coffee, that’s almost $2,000 a year so you need to be careful or your food expenses can become another house payment.

4. Travel – Travel is another thing people like to do that costs a lot of money. You don’t have to be frugal and just not travel, Instead credit card hack. This is when you take advantage of all the reward points credit card companies offer these days. These days, we never pay for our flights as we have enough points to travel for free. Thepointsguy.com is a great website to check out if you want to learn more about credit card hacking.

5. Health Insurance – Health insurance is pricey in this country and if you don’t qualify for government assistance, check out Samaritan ministries or Medi-Share. These are two private programs that offer much cheaper health insurance including some plans that cover a family of 5 for as cheap as $250/month. There websites are listed above in the description.

6. Consumer Debt – This is the worst kind of expense because you don’t get anything in return. Anytime you’re looking to change and start saving, tackle all of this type of debt first! I recommend starting with your highest interest rate loan first and then working down to your lowest interest rate. You will start to pocket more money every month and it will be a snowball effect helping you get out of debt faster.

7. Cut The Chord – You don’t need Directv when there’s options like Hulu or Netflix as low as $8.99 a month. Cut the chord and start potentially saving over $100 immediately.

8. Misc. – I’ve covered most of the expenses to tackle at this point but things like shopping, entertainment and other personal luxuries can still add up if you’re not careful. I just get what I need and not what I want. If you still want to enjoy some of these luxuries, I utilize my birthday and Christmas gifts to get these type of things like nice clothes or tickets to a basketball game etc. That way I’m still not paying all that money but I still get the experience.

For any one on one coaching or other business inquiries email me at: [email protected]

Music: www.bensound.com

#Frugalliving #Frugalhacks #Frugaltips
have you ever wondered how some of these
guys get the money to invest in real estate and how they even got started
what's up guys it's James Allen the out-of-state investor and today I want
to share with you eight frugal living tips that have helped me to get out of
debt and save enough money to start owning my own rental property now living
frugally is something that I've done over the last few years and it's been
amazing the way it's helped me to get started in real estate and now get to
the point where things are really starting to snowball I can't wait to
share with you how you can do the same thing but before I get started go ahead
and push that like button and subscribe to the channel to get notified about new
videos like this one with that said let's get into it
living frugally is not something that i've always been focused on I used to be
the kind of guy that would never get into any debt but at the same time I was
very much a paycheck to paycheck kind of person I got married a couple years
after college and after about two and a half years of marriage my wife quit her
job so that she could stay at home with our newborn baby now at this point we
were literally losing about $2,000 a month and got to the point where we got
in twenty five thousand dollars of debt and to make it worse most of this was
high interest credit card debt it was a terrible time for us but I remember
thinking that I just couldn't take it anymore and I needed to do something
about it so I started researching online about how to get wealthy and real estate
kept coming up I found out that 90% of all millionaires invested in real estate
so when I saw that I decided that I had to do whatever it took to start
investing myself the thing is if you want to start investing in rental
properties it's gonna cost a decent amount of money to do it so how much
money does it cost to start in real estate well for me it was saving up my
first twenty five thousand dollars to cover my down payment my closing costs
and a bit of reserves so that I could buy a single-family property now we knew
that we didn't make huge salaries and we also knew that if we were gonna acquire
a lot of money to not only eliminate debt but also invest in real estate then
we would have to dramatically lower our monthly expenses so here are eight ways
that we used frugal living to start owning rental property number one
housing expenses housing is normally the biggest living
expense that you'll have so if you can do something to lower or even eliminate
that expense this can be huge in saving you a lot of money fast the standard
rule that's always thrown around is to spend about a third of your income on
your housing expenses some people will stretch themselves so
thin to use as much as 50 percent of their income on housing now for us we
live in Los Angeles where the housing prices and rents are absolutely insane
so it didn't leave us with a lot of options the way we dramatically changed
our housing expense was making the choice to live with family now this is
not the easiest thing to do and it's a massive sacrifice to not have your own
place to live in with your family of four but honestly this has played the
biggest role in us getting back on our feet
starting in real estate and scaling as fast as we have we actually still live
with my wife's family to this date in order to help us scale even faster and
as you'd expect when I tell people this I get some really strange looks from
them but you know what we just use our goals as fuel to keep us going every
single day another great way to lower or eliminate your housing expenses is
called house hacking now this works particularly well in Cheaper markets but
it really can work anywhere house hacking is when you purchase a two to
four unit multi-family property and live in one of the units while you rents out
the others now this will allow you to use your rents from your tenants to
cover the whole entire mortgage payment and lower your cost of housing even to
the point where you could live for free the cool thing about this is not only
will it lower or eliminate your housing expense but you're also building equity
as your tenants pay down your mortgage for you and you're also gonna gain
appreciation over the long run as well number two transportation transportation
is the next biggest expense that most people come across many people in
today's society they like to get these nice luxury cars and the funny thing is
that while some of these people may well be rich a good portion of these people
actually live paycheck to paycheck and they can never get ahead because
they invest all their money into depreciating assets and even
worse than that many of these people will actually buy these cars to try and
impress people that they don't even like this is a typical middle-class mentality
and sets you back from building serious wealth when we made the decision to
start living frugally my wife and I sold our brand-new Honda CRV and purchased an
old 2003 PT Cruiser for $1,200 cash my car had just been paid off and we still
drive both of these cars to this day now we may not impress a bunch of people as
we drive around as a family of four in a beat-up purple PT Cruiser but it has
been helping us to save an extra six to eight hundred dollars every month just
by doing this and a way to take this to the next level and save even more money
on your transportation costs it's to live really close to your job and bike
to work instead this will save you money not just on your car payments but also
on your insurance gas and any maintenance costs that you typically
deal with on a car plus a little exercise never really hurt anybody
number three food food can be another big expense that's stopping me from
pocketing lots of money this is the one that we struggle with the most because
we were such big foodies and when we were first getting out of debt and
saving for our first property we set a tight budget of a hundred and
twenty-five dollars a month for groceries including food for our newborn
daughter and it's funny because when we set that budget we had no idea how we
were even gonna stick to it but when you set goals on paper
somehow you find a way to make it work we found one of the cheapest grocery
stores in town and when we shopped there we would buy all no name brands in fact
I actually remember a time when we were walking down one of the aisles of the
grocery store and my wife was like oh let's get those Aunt Jemima pancakes and
I was like Aunt Jemima no we're getting Krusty's and she didn't take that very
well to the point where on our first day of grocery shopping we ended up getting
in a big old argument about it and my wife was literally crying outside the
store so my point in sharing all that is that it's gonna be hard if you're
adjusting from a completely different way of life but the best way to change
is just to rip off that band-aid now aside from that we also gave ourselves
an extra $25 a week to spend on a eating out now it was extremely hard but really
effective and when we looked back on our previous bills we realized that we were
actually spending $1,200 a month on food so by being frugal like this we were
able to save almost $1,000 a month also things like bringing food to work and
eliminating consistent trips to Starbucks go a long way did you know
that if you spend five dollars on a cup of coffee every day then you're actually
spending almost $2,000 a year just on coffee to avoid this we purchased a 250
dollar coffee grinder to make some awesome coffee at home and eliminate
those trips to Starbucks today we've decided to get more lax with our food
costs since it's something that we actually enjoy but we still mostly eat
in our house and limit ourselves to going out twice a week for food along
with the occasional Starbucks number four travel everyone loves to go on vacation
and travel when they get the opportunity the problem is traveling is expensive
but with every problem there is a solution and for traveling the solution
is credit card hacking credit card hacking is basically taking advantage of
all the reward points that credit card companies are offering a lot of credit
card companies today offer over fifty or seventy thousand bonus points just for
signing up and spending a few thousand dollars in the first few months
obviously the specific terms are gonna depend on the company but the point is
utilizing cards in a smart way can give you the opportunity to vacation for free
for us this has been the way that we've been able to travel so much we hardly
ever spend money on flights anymore I take advantage of any rehabs on my
properties and get literally thousands of points for doing that there's also a
perk to having multiple credit cards aside from the initial signing bonus
some cards will offer two times or three times points on certain products or
services now when you have multiple cards you can use the strengths of every
card depending on what you're spending your money on
for instance one credit card may give me three times points on all transportation
costs so when I'm pumping gas or I'm taking an uber I'm gonna use
that credit card whereas another card may give me three times points on dining
out so every time I go to a restaurant with my wife I'm gonna use that card so
that I get the maximum points with that said I make sure to never carry a
balance so that I avoid paying any kind of interest there's so many ways to take
advantage of this and if you go to thepointsguy.com they have great reading
material on how to utilize credit cards in a smart way
number five health insurance health insurance is well known for being
overpriced in this country it amounts to one of the largest expenses that you can
come across if you're looking into getting a discount on your insurance but
you don't qualify for any government assistance there are still options
available to pay less on your health insurance there's a couple of private
programs out there called Samaritan ministries and Medishare they're both
different programs but with Samaritan ministries you can get coverage for a
family of five for as low as two hundred and fifty dollars a month with 90
percent coverage of up to two hundred thirty six and a half thousand dollars
or you can use their classic package to get a hundred percent coverage of up to
two hundred fifty thousand dollars and that is as low as four hundred ninety
five dollars a month for a family of five
now I haven't personally used either of these programs but I do have friends
that have and they had nothing but good things to say about both of these
programs I've also put their websites in the description below so that you can
check out all the finer details such as deductibles and other things like that
number six consumer debt one of the biggest ways to stop yourself from
saving money is having high interest consumer debt getting involved in this
kind of debt is the worst because you're paying money every month and you're not
getting anything in return consumer debt would include things like credit cards
personal loans you get the idea now most of these loans or credit cards carry
interest rates of at least 10% interest and can be as high as 36% interest if
you get the new first premier bank credit card when you get into this high
interest debt you can't make you feel like you're fighting an uphill battle
that you're never gonna win when you made the decision to start saving throw
everything you can first into killing your high interest debt
make sure that you know what the interest rates are for all your credit
cards and loans and start off by paying the highest interest rate card first
this will be a snowball effect that will allow you to save more money the next
month and even more money the following month after that as your monthly credit
card payments go down you can easily increase the amount of money you pocket
by hundreds of dollars a month just by eliminating debt so make that your first
priority when you start saving money number seven cut the cord you don't need
to have Direct TV or other television services these days when you have access
to great options like Hulu and Netflix DirecTV always starts at a semi
reasonable price but before long it's easy to find your bill in the range of a
hundred to two hundred dollars a month Netflix offers packages as cheap as
$8.99 a month so when choosing the live frugal switching from your traditional
television service providers to a Netflix or Hulu account can save you
over $100 a month we continue to use streaming providers like Netflix and
Hulu to this day and honestly I've never felt like I'm missing out number eight
miscellaneous so for the most part I've covered the biggest expenses that you
can tackle there are of course other expenses that you'll come across such as
shopping entertainment and other personal luxuries now my thoughts on
this is I really just get what I need and not what I want
sure it'd be nice to purchase NBA tickets here and there go see my
Clippers play go clippers or go see some of my favorite artists in concert but
every time I make a choice to do that I'm delaying myself from hitting my
goals so I don't normally pay for anything like that but what I do is I'll
ask for my birthday or Christmas gifts to be entertainment events like that so
I still feel like I get to do those fun things for clothes I normally shop at
H&M or somewhere relatively cheap and you know what making the occasional
exception is not a big deal my philosophy on eliminating debt and
saving money is that if you can tackle those first seven things I talked about
and particularly the first six then it really won't matter too much if you're
making the occasional exception for a nice shirt a Starbucks drink or other
minor things like in conclusion if you start to utilize
these 8 tips I promise you that you will be able to start eliminating debt
building up your savings and giving yourself better opportunities for
investments and growing your wealth as always guys thank you for watching this
video if you enjoyed it go ahead and push that like button and comment down
below to tell me what your biggest takeaway was or if you have any
questions also if you haven't already done so go ahead and subscribe to the
channel for more videos like this lastly stay up to date with me on Instagram at
the out-of-state investor thanks again for watching and I'll see on the next

Frugal Living - Credit Cards

**Frugal Living – Credit Cards**



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Credit cards and frugal living. Well I wouldn’t put credit cards down as a stable of frugal living but it is possible and we are going to go over how. These are some …