Category Archives: Saving Money

Polarizing Purchases | Buy Only What You Love

We mention all the time that our frugality isn’t a sacrifice for us. That’s because we buy only the things we truly love and cut everything else out of the budget.

Here’s a list of a few things we spend money on and a few things we couldn’t care less about.

A lot of this video was inspired(ripped off) from one of my favorite bloggers Tynan. He has an article called Polarizing Purchases where he describes how he is able to travel and buy (specific) nice things without the need for a “job.”

We have lived our lives pretty much the same way, buying only the things that are truly important to us.

4 Money Mindsets That Keep You Broke

 

We got sidetracked making our 5 Dumbest Money Mistakes video and realized all financial mistakes are part of a larger issue. So we changed gears and started thinking about how our money “mindset” can either make us wealthy or broke.

The four money mindsets that will keep you broke are:

1. How much per month? vs How much?
2. Gambling your future.
3. Blaming someone else.
4. Ignoring that you have a problem.

Let us know if you can think of any others, or if you struggle with any of these!

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.

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.

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!