9 Simple Ways To Start Saving Money

If you’re just getting started budgeting, here are 9 simple ways you can get started saving money.

1. Make coffee at home (we cold brew).
2. Buy generic medicine and food.
3. Borrow eBooks from the library.
4. Downgrade your internet speed.
5. “Pre-game” before going out to bars.
6. Sell one item on craigslist, right this minute.
7. Don’t speed (fuel economy and tickets)
8. Make your own household cleaners.
9. Shop the perimeter of the grocery store.

Have any more tips to share? Leave a comment below!

3 Biggest Budget Busters

Some people seem to think we live in a cardboard box and eat ramen noodles to save money. In this video we talk about how we save money in the 3 categories that people spend most of their money.

According to the Bureau of Labor Statistics, the average household spends $1400/mo on housing, $750/mo on transportation, and $550/mo on food.

We make up a lot of our savings in these three areas by being flexible on house size, driving only one car, and limiting our restaurant eating.

Food is still a work in progress for us, but we’re getting better.

DIY Vintage Light Switch (Frankenstein Knife Switch)

Parts and Build:

I bought an antique knife switch off eBay as a decoration. When I got it in the mail, I knew I wanted to make it actually work.  But I needed to make it safe.  So I used a solid state relay and a phone changer to wire everything together.  You can watch the process in the video above.  I got everything to fit inside of the light switch box, so I didn’t need to drill into the wall.

1_knife_switch 1_parts_list 3_marking_size 6_circuit_board 7_wiring

11_mounting lights_on testing

Teaching Lauren Basic Car Maintenance

On our way back from Wisconsin, we stopped in Chicago.  We got our oil changed in the city for $30 dollars, saving us on parking.  But, they said we needed our brakes done and wanted to charge us $374 dollars for the job.

We decided to buy the parts online instead and do it ourselves.  It saved us over $300 and it was a great opportunity to teach Lauren how to change her own brake pads.

How To Make Money Online (The Hard/Right Way)

Every month we make between $100-200 a month online from a few websites I built back in 2011. Everything I learned about making money online said to build low quality websites and then write hundreds of articles linking back to it, so it looked more useful than it really was.

Unfortunately google released their Panda update a month later that changed everything. But, 3 years later we still make a couple hundred bucks, so it wasn’t a complete waste of time.

Even more important is that I learned how to do it the right way, which happens to also be the hard way. The simple formula for making money online is:

Create useful content, build an audience. Then sell them a product of your own, or put ads on the site.

In the video I give an example of my own failed websites, and example of the right way.

Leave a comment if you’d like to hear more specific ideas for making money online.

Mike and Lauren Exposed! Income, Expenses, Net Worth Revealed

Hope you’re feeling nosy! We’re about to strip down to our financial birthday suit and reveal our income, expenses and net worth. We did it to keep ourselves accountable to our goals and make things more interesting for you guys.

We debated for months whether we should or not, but decided it would need to happen sooner or later, so why not sooner!

We’ll cover our expenses in detail in another video.

Here’s a link to the Blank_Net_Worth_Projections spreadsheet I referenced in the video.

Let us know if you have any questions in the comments. Thumbs up if you like this video, and don’t forget to subscribe!

Ditch The Cubicle with Paula Pant | AffordAnything.com

We visit Atlanta to interview Paula Pant from AffordAnything.com.  She is a financially independent blogger who accumulated a collection of rental units that provide over $35,000 in completely passive income.  She also has a successful blog, content marketing company, and has traveled to over 30 countries!

How We Invest in the Stock Market

This is how we invest our own money in the stock market.  For more information about our investment philosophy check out:

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)

Jim also wrote a good intro to investing that he calls his “stock series.”

If you have any questions, leave a comment below!