How Do I Stop Living Paycheck to Paycheck?
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I can't pay from india. And I really need this. HELP
I would love to take this class, but struggling financially.
I am on a fixed amount for food, so I can't over spent. I am disabled, but do not drawl disability. I still try to work I hurt a lot and do not have health care
Instablaster.
Never go grocery shopping without a list.
My wife is happy for me to go grocery shopping. She told me recently that I'm much better at sticking to the list and not grabbing impulse items. I'm more likely to miss something on the list than to get extras.
This! Always!
Hello! Agreed.
Never go to grocery store hungry lol
shop outside the aisles and incaps lol
Caller: Dave should my 4 year old take karate lessons?
Dave: What's his income?
Lol
đ
How much do u have in debt?
@@panagiotisbotonakis2349 kid has an income problem and his shovel isn't big enough
Beans and rice before practice
Food delivery apps are keeping you poor. Donât be lazy and cook at home.
Exactly. They charge more on the apps for the food and when its delivered it taste like đ©
@@Zeus0886 and usually cold, our delivery drivers are absolute doughnuts, they get lost every time eventhough we live in town and weâve wasted ÂŁ25.
Exactly. I started to place and order the other day and all the extra fees was going to cost
More than the food. I cancelled and made me a sandwich . Lol
gotta pay an extra $2 in CA now to use uber eats and the rest of the apps
@@evelyndaisy9722 lol the fees deter me from ordering sometimes too.
Restaurants are the killer of your budget. Once I figured out how much I was spending eating out per month, I changed my ways quick.
Truth! Same here.
True! $15 here, $15 there really adds up! Sticking to a budget helps keep that in check.
Online shopping....and car payments.
Good thing restaurants are illegal now
@@michaelwelch442 Yeah. That's one way to solve that budget issue. Shut it everything down. I think I'd rather make my own decisions than have the Gov make them for me though. If they took away grocery stores too I would really save some money! Of course I would eventually die or have to start hunting which is also illegal in most of SoCal.
"It isn't how much you make, it's what you do with it." Wisdom my mom told me many years ago.
Indeed
Yep. Dave has said many times that you can't out earn your stupidity. That's why he has so many callers that make a 6 figure income and live paycheck to paycheck. Listening to some of these callers prove that income in not a problem in most households. It's how they spend their money.
I was on a city bus. A homeless guy sat next to me. Out of the blue he said
âItâs not how much money u make
Itâs how much u spend.â
Exactly ....my dad's statement: "It's NOT how much money you make, it's how you manage your money"
@@diannathornton2911 I see so many people who have no plan and life just happens to them.
I just got a new job six months ago.
7 co workers. 3 are massively in debt and
Eat out everyday. I want to scream.
They make fun of me for eating
Oatmeal and blueberries everyday at lunch.
LoL.
You know itâs going to be good when the caller says we have no debt except a car loan and mortgage đ
đđ€Łđ© I chuckled honestly
Surprised there wasn't a student loan.
Lol I said the same thing
De-Nile is a river in Egypt
I laughed out load when she said thatđ
When I first started budgeting I realized I spent 500 a month at work... buying breakfast before work, buying lunch, buying snacks. 5 days a week, average if 25 dollars a day sometimes more. Iâve saved money and lost a little weight.
I realized I was spending $600/month on average on groceries and doing the same. It's absolutely insane! I went out to lunch every day just to get out of the office. Now, I bring my food and take a drive or go walking at lunch I stead
@@mmmarinakis you need groceries. You donât need fast food
It's like paying to work. now think if you had to pay for childcare and commuting (gas, bus, train)
I just have Eggs on a english muffin and a banana and apple for lunch with water until I go home.
Me too, I was spending 350 a month on convenience store food and fast food at work.
No more.
" Eating my retirement" Wow something to think about.
I was doing it, probably still do, ...but a little less.
Fast food was my problem... I cut that out make my lunches at home and realized how much I was spending buying fast food
Yes, eating out can destroy a budget.
IKR? When Dave says it that way it kind of makes you stop and think.
@@leadnsteel1428 this is my problem itâs so hard to change lol
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
MEGHAN MAUREEN KRISTENSEN is the licensed fiduciary I use. Just research the name. Youâd find necessary details to work with a correspondence to set up an appointment..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Food is our big hole, cook at home folks
Nah
@@user-td7xf3gz4l what's your net worth
Foreal. Ubereats is like $15+ per transaction..... Imagine spending $15 at the grocery store instead, thats a lot more food
@@user-td7xf3gz4l whatâs your household income ?
đą
"You're eating your retirement."
I feel personally attacked. đ
Lol
But yeah.. thatâs what a lot of people do these days... instead of investing
@@stanleyfredrick2735 True.
my closest family member had to use like all her retirement and i hate it....i hope i can help her out soon...
LOL đ
When I was a child (about 1959) I watched my father put cash in envelopes every payday. Wasn't long after that he gave me an explanation. If you have a $400/month car payment, every payday put $100 in an envelope. When the car payment comes due, you have the cash in an envelope.
Same with an unknown expense such as vehicle maintenance. Every payday put $20 in an envelope. When it comes time to put out $800 for tires, you have cash in the envelope. Tires are not an $800 "emergency."
62 years later I am still using those envelopes.
Everyone could use those lessons from a parent!
Itâs called cash stuffing. People post it here on CZcams, itâs so smart tbh
Your dad was paying 400 a month in 1959 wow
Thank you so much for sharing your dads wisdom. I just took a screenshot to remember đ
O
Dave has given me the financial intelligence that my parents never did. For that, I thank him.
It's all common sense really. The thing is that it's easier said than done. I always plan on "next week" I'll start putting $50 a week away. By the time I pay whatever bills are due that week and get minimal groceries and if the kids Need anything I'm left with $100 to make it til next pay for gas and God forbid something comes up. I'm never able to save anything and I'm not prepared for an emergency
@@ManiacFitness thats definitely not ideal.
But,$50 a week is still $200 a month, or $2400 over a year.
Better than not having it aside, thats for sure.
You just gotta figure out if you can cut costs anywhere in your life.
they did you just wasnt listening
@@jeepsishumate2021
I can assure you, they did not.
"Had I known I was going to live this long, I wouldn't have spent so much money."
"That's what money is for son, to spend.
You can't take it with you when you die."
"I don't care if I break it, I'll buy another one."
Quotes from dad.
No house owned. No retirement fund.
@@Dagrizzb thats right easier said than done
Donât go grocery shopping when you are hungry- đŻ DaveđđŒ.
Yep Iâm guilty of this
Too tired to cook after shopping. Ordered out
Order it online and go pick it up
Went grocery shopping after eating. Didn't buy anything. Next day, when I was hungry, I looked in the fridge and checked the cupboard. Had nothing to eat. Always go grocery shopping hungry. đ€Ł
Correct! Have been guilty of this many times.
$6k take home and broke. Unreal.
Something ain't adding up.
Thatâs exactly what I said.
That canât be take home of its 72k per year. Thatâs gross. Maybe 4500 take home more like it.
Thatâs where having kids messed you up
@@mustlovedess right. I totally get why dudes bounce on their kids for a better life. I probably would too tbh
At 42, I've come to realize that money is a tool. Iâve worked so hard over the years to realize that if you donât make money work for you, you canât experience true freedom. Iâm glad I found that out although it was later in life, but that marked the turning point in my finances.
That sounds about right! I also consider myself to be on the right path in terms of my finances because I have enough stashed away for emergencies but canât boast about knowing how to make it work for me. How are you doing it?
@@RigbullyItâs obvious that the stock market can be quite unpredictable, but with professional help, Iâve been able to beat this danger and make profit with my IAâs help. Itâs not magic, itâs common sense. I invest with Jonas Herman, a pro wealth strategist, in case you are wondering.
Do not forget that prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual investors do not influence.
I agree, and for that reason I prefer to have a financial consultant like Herman make my day-to-day investment decisions. Given that his entire skill set is based on going long and short at the same time as well as employing risk for the asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis he's got, it's nearly impossible to not out-perform. I've been using him as my financial consultant and the rate of accrual on my portfolio has been positive over the years.
I tried getting into stocks myself some time last month and lost a ton of money as I was ill-advised. Can you please direct me to him as Iâd like to hear from an expert?
Iâve started doing grocery pickup only. That way I can see what my total bill is before paying and if itâs higher than my budget I go back through and remove things I really donât need. Itâs helped tremendously.
Thatâs a great idea.
smart.
I'm doing this now
100% i do this, I also make meal plans so that I have a weeks meals out off the items.
Thats... you do realize you have a calculator on your phone, right? You can just do that in the store???
I make 75,000 a year and have a 1700 house payment, no debt. I used to live pay check to pay check. Then I found Dave and budgeted - now I have a 6 month emergency fund AND I throw 500 to 1000 month extra on the house to get it paid off in 6 to 8 years.
That's great. Keep it up!
@@markmooserock How much do you spend on food a month?
@@Ryaninsanity Thank you!
How ??
I have similar situation I am messed up...
â I was doing to much stupid in grocery stores and restaurants â. Boy I felt that đł
i def do stupid in grocery stores. Thats my spot
@@jesseenixon2893 not keeping the refrigerator clean makes me throw away a lot of food.
He was talking to me đŹ
Thatâs međ„Žđ©
Cooking at home, eliminating corner store snacks, and paying yourself every check will get you started. I did this working 14 an hour and saved about 400 extra a month.
Cut out Starbucks every day.
Cooking so true pre season meat bag them up bring them out the freezer and cook away.
â@@tommyparkerparker I'm glad I don't like coffee
What is "paying yourself"?
Corner store snacks đ«đ«
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.
Firstly, You could lose it all and you could win it all. It goes both ways. Second, what works for A may not necessarily work for B and you should not be a bandwagon investor. A good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
@@Curbalnk Facts!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
@@Shultz4334 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the Advisor you're using.
My advisor is the quite famous *HEATHER ANN CHRISTENSEN* She has been making a fortune online worth millions of dollars in digital assets for a select few for years. Lately, these types of services have appeared that allow you to copy the results of the experts. She demonstrates how to copy it automatically using that system.
@@Shultz4334 Thanks for the info, i found her website and sent a message hopefully she replies soon.
It does feel like you get a raise when you use a budget, track every expense and you will realize where your money is going. A budget is a must!
Yes! As soon as I used the budget app I didn't realize how much extra money I wasted. And because of that I finally was able to buy my first washer and dryer. I always thought I didn't have enough money to get one.
@@QueenStylin Which budget app do you have?
@@MEDANNY20 every dollar
I agree 100% I budget and track my expenses and it's amazing how much money I save now.
when I budget I realised I have to much bills/expense for my incomes. not to mention I was spending 800$ a week on coke and 200$ on beer 50$ on dip (tabacco) no groceries but 1000$ months on mortgage 1500$ a month on debts and 800$ of gaz per month with all the electricity bills that I didn't paid, my phone that didnt not paid but I was workig 80hrs a week.
I thoughts drugs and alcool was the problem in my finance but I realised I need to leave 800$ per pay in my bank account before any personnal money. without overtime hours thats what I make...
this guy's deep voice is mindblowing, could listen to him all day
He doesn't work for Ramsey anymore
Other parts of the budget people lie about are: shoes, clothes, cosmetics, alcohol, and pet expenses. For every dollar spent on groceries they might spend four dollars in those other categories. $72k a year can evaporate before your eyes.
I know someone who can't keep a balance on three times that money and they live in Phoenix....you can always spend more.
If someone makes $72k a year and canât invest some theyre just irresponsible it amazes me how someone can make $70k+ yet have no financial literacy
@@John_Lukas tons of jobs pay that, doesn't automatically mean you are good with money. It's very easy to spend 100% of your income
Don't forget the cigarettes and lottery. Then the alcohol added to it.
@@littleone3357 you forgot tattoos. The 'poor' people always have money for more tatoos.
Groceries, eating out, online shopping, and random purchases is what adds up!
yep and cigs if you smoke, alcohol if you drink.
I noticed groceries was my largest expense so I opened a checking account and put a set amount at the beginning of the month and ONLY use that amount for our groceries and this has worked amazing for us. If there is any money left I leave it in there and add less the next month.
â€â€
Thatâs a good idea!! đđœđđœ. Every time I go to the grocery store, I say Iâm going to be careful how much money đ° and I wind up spending too much. Iâm getting better now.
As long as it works for you, but I like the envelope method
For me, I believe retirees who struggle to meet their basic needs are the ones who could not a lot of things. My wife and I both spent same number of years in the civil service, he invested through a wealth manager and myself through the 401k.accumulate enough money during their active years to meet their needs. Retirement choices determine We both still earning after our retirement...
my mentor Jenny Pamogas Canaya..
My goal!
What helps us with grocery shopping is shopping online or doing curbside pickup. You get to see exactly how much you're spending before you spend it and can delete and add groceries according to your budget. It has definitely helped us. When we go to the store to shop, it always amazes us how much more it can be versus doing it online.
I love shopping online and doing curbside pickup. I saved money because I was no longer doing impulse shopping while at the food store and yes: it helps you to be able to see the total.
Yesssss! I've noticed that as well. I use Target pick up. I really think hard about if it's worth buying or not when online grocery shopping compared to in-store.
Iâve been doing this and itâs great!!! I also donât have to spend hrs at a dam store. I tell my boomer mother in law to do curbside pick up she tells me thatâs just lazy!!! I laugh thatâs why your 60 and refinanced your home several times and owe 120k on it and you got it for 70k. I will not take financial advice from you
I noticed that tooo
@@kendolynowi dont know if you are from the midwest, but we have a store called Meijer where over here that does shop and scan, so as you shop you have to scan every item and it totals it out for you as you go, and it really helps to show you how much you spend. But on too of that it clips coupons for you as you go and then you just scan your phone at the end! Its amazing, using the tool more has saved the pennies to make dollars đ€đŒđ€đŒ
Itâs beyond me how folks twice my age are calling this show, saying that they are bleeding money. Thank you Dave for coming into CZcams and allowing me to find your content as a teenager ! Iâm 26 now
How I stopped living paycheck to paycheck: got laid off
đđđ
Loll
Iâm sorry to hear this. I hope your employment and/ or entrepreneurial outlook improves soon.
@@anaiyasmommy1 it's a joke
Funny the first time but you just spam, heard it before in other vids on this channel from you.
Spend less, increase income...most "Necessities" aren't so or could be had at a lower cost
Just add delayed gratification and that's in a nutshell, friends
Moneyology really đđđđ
if you work more you cant spend. so you are making more and not spending---double win. people spend when they are bored. you should NEVER be bored if you have debt. GO WORK and pay it off.
Iâm a married man with one toddler and one on the way! Iâm making 24k a year and investing and saving for retirement, and saving to pay for a van with cash. Completely debt free. I cringe when people come in here calling in making 50k+ a year and complaining. Bruh..
Amen to that!đ€Łđ
Yeah I make 50 k before taxes in Texas but in Cali I would be struggling
You summarized my life I make 22k a year and I have more saving than my friends and they make 100k a year. I tell them I'm always broke so they never invite me to expensive hangout unless they pay for me cause I can't afford it ! (One big emergency and my money gone)
Thatâs amazing! Where do you live? Iâm in NY so everything here is very expensive.
Cost of living is pretty high in Alaska where the caller is from
Thanks to Dave I recently sold my 2020 Honda civic si i was paying around 380 a month for it, came across his videos of car payments and called my bank to get the payoff and went around to see what my car can get appraised at and got a little more than what my payoff was. Shortly after i bought a 08 camry cash and have been so happy not having a car payment!!
Iâve been payment free for a year and I feel so freakin liberated!!!
Become a minimalist!
You gotta live
so true that's all I know life of a minimalist
Sami - as a minimalist you are still living you just live with less and better.
@@evelinholmes6401 I'm trying to adapt that concept
Even better, become a minimalist with a high income.
That grocery list tip is so true. I go in for some bread and juice, and come out with $60 worth of cheese for a sudden late-night charcuterie board.
Thank you for your comment much
appreciated,
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Gardening helps with the grocery budget!!
Itâs amazing how dining out is such a big thing in the States. It seems to be something a lot of people do weekly, even daily! Not so much in Ireland.
It would have to be an occasion or outing of some sort.
Just a random insight into cultural differencesđ
That is interesting! How do restaurants turn profit? Also does going to pubs count as dining out?
@@whereschloevids restaurants do okay tbh, usually theyâre at their busiest in the evenings, but overall they seem to survive. And no, that does not include going to the pub, although tbh thatâs something which is also dying out in Ireland - pubs arenât what they used to be outside of the major cities/tourist spots
@@dylanlyons6 Thatâs too bad about the pubs. From what I know about them, seemed like a nice tradition. The way I grew up (in a major US city) weâd do family dinners out 1-2x/wk at least. (Like Friday night, then Sunday after church.) That habit increased when I was at university (funded by my parents haha), then dropped to once a wk dinner or brunch wi friends when I was a poor post-grad. Once my income leveled out it went way too high, like 4-5x. Too unhealthy and expensive. Now Iâm more measured. But I donât ever remember a time in my life where eating out didnât feature prominently. Itâs like a given here. Since pandemic, thatâs just been replaced by ordering takeout
I can tell a difference from living in a rural area and a metropolitan area here in the US. Some family who lives in a city environment eat out 1-2 times a day! I eat out several times a month and have begun to cut back - thanks to Dave
@@whereschloevids For the past 20 years, I cook every day but Sunday. We rarely eat out, usually just on vacation. I was actually surprised to realize a few years ago that I'm rare these days đ€Ł. I love knowing what's in my food and knowing I'm feeding my family high quality food. And yes, I'm in the US.
My colleague and her husband needed to move up from a townhouse to a house, but couldnât afford to. She told me her husband went out to lunch with his colleagues every day. It was expected. They usually werenât going to expensive places, but it still adds up. She and I brought our lunches every day and only went out for special occasions. I got onto a mortgage calculator and showed her that her husband was eating the difference in payment between a townhouse and a house. They reconsidered and soon bought the house their family needed.
Going to the grocery store on a full stomach will make you get home and be mad you didn't buy any snacks lol
And, then... I return to the grocery store to load up on my favorite snacks! đđ€Ł
@@raallen1468 đ the very next
Amen
I know that when we changed to using all cash and putting the debit card away it changed things for us considerably. When we took out cash each week and put that money in envelopes we ended up spending less money. There is something about using cash for your weekly expenses (food, gas, entertainment, etc) that just makes you pay attention to it more and be more intentional about how you spend your money. I highly highly recommend moving to using cash for everything (as much as you can).
What about for online purchases?
@@ajsadventures8706 well we try to avoid those as much as possible. But when we do have to make an online purchase or we have to used the debit card for some reason then we will take cash out of the appropriate envelope and set it aside to âcoverâ the debit card purchase. For example if we spent $30 using the debit card on entertainment then we will take $30 out of the entertainment envelope and set it aside. Then next week when we get out our weekly cash we just take out $30 less and it evens out. Kind of a pain but it works.
Corey Burnett what ever works just stick to it.
But it seems kind of like going back to the past to start using cash again. I mean these days payments are done by just putting your debit card against the machine. Its so easy that you rarely need a pin code anymore. It's like going back to the time when we used paper notes and coins to pay.. seems really weird. Although most places do still accept cash.
I feel like I spend more when I use cash tbh. I want to use the cash method but Im terrified of spending it all. Lol.
I stop going to Restaurants and I see a difference
Eating out is expensive and usually less healthier anyways
Me too girl! I also cancelled my Amazon prime ! We gonna win this year đ
@@stayathomemarine Amen đ Yes Indeed We Are
I have some friends who are foodies. When I told them the same then they will be like âoh life is short, you need to treat yourself something goodâ or âthat life will be boring not exploring new restaurants â đ
I stopped eating food and I see a difference in my bank account AND my body!
Stop buying stuff,simple.
Serious!!! Just stop buying! Itâs easy. Wake up, work, eat, sleep and do free stuff in between. Not hard at all.
Yaaaazzzzz Ian
I go to the library for my entertainment
So true regarding the grocery costs. I was on a âbudgetâ and I basically took eating out completely off that list. But when I went grocery shopping, I would overspend, thinking, âHey, at least Iâm cooking and not eating out so why canât I buy these pre-cut vegetables to save myself a bit of effort?â A few months in, I realized Iâm basically spending whatever I was spending on restaurant into groceries.
These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
Cant reveal much info, Kate Elizabeth Amdall is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..
When I first learned to budget-how much I âthoughtâ versus how much I was actually spending on groceries/eating out was a huge eye opener!
Me too!
A few years ago, when I was wanting to lose some weight, I began looking at the "unnecessary calories" (sugar in the tea, soft drinks, cream and sugar in the coffee, etc.). Same way with budgets - look at the unnecessary expenditures. As Dave and Chris mentioned, eating out is a huge budget killer. Start logging every time you go through a drive through, it might surprise you. Finally, let's talk about a huge expenditure that many are guilty of - their cable, internet, and cell phone expense. I guarantee you many households spend $500-600 or more per month on those three things.
I've never paid cable. Dad set up an antenna and converter box and most smart TVs these days you can see the local channels. A streaming membership at $14 isn't bad. I'm gone for most of the day to work so not really needing tv so much.
Thanks to Dave I went from 18k in debt to 9k in a few months and on schedule to be done by January.
Done?
@@kitanyaedward6722 yep
I will never understand how someone can be making that much and not know where their money is going and always broke/in debt.
"Restrunts" đ
i would take u out to one :)
I LOVE the whole thing about the grocery store! - Like Dave and Chris said, we all know that restaurants will eat up your money, but when I started doing the Zero-based (or "Every Dollar") budgets, Dave's budget... I was SHOCKED at how much money I was spending in groceries for me & my teenaged sons. And this caller kept saying "about this much". Knowing EXACTLY how much is key!
"You can't manage money in the rearview mirror"
Dave
I love how simple and profound that statement is.
And Iâm listening to this here in Portugal, making 900⏠a month and saving 30% of my income every paycheck.
Good for you! Glad you can save... From Croatia saving none đ€Š đ°
@@flowerpower5585 Thanks, Iâm living like a monk, spending money on just the absolutely necessary. This videos help a lot with motivation as well.
I want to move to Portugal one day. I love the place and the people.
@@jadexplores2100 ItÂŽs very quiet. The people are not very talkative but they like to be helpful. IÂŽm a native and most of my friends are expats living here!
The best is the fact that it is very safe, even during the night. If you move IÂŽm sure you wonÂŽt regret it (once this crazy pandemic is over).
@@josemarques8569 Thank you Jose! I am a quiet person too (by American standards though I think lol) so perhaps I will fit in just fine? I am also sure I wouldn't regret a move there since it is such a beautiful/easygoing place to live it seems. Take care :)
A great point... during this pandemic, not going out to eat made me feel like I got a raise. I learned that I was spending too much at restaurants. Thanks Dave... keep doing what you do!
I spend waaayyy too much eating out. My wallet and scale hate me đ©.
I need a strict diet.
It takes WORK nothing great is achieved without putting the WORK IN FIRST!!
You canât wish it to get better you HAVE TO TAKE ACTION!! đȘđœ đȘđœ
Tru that
When Dave said âOh my God!!â I almost dropped my phone. đ
Ya that was out of line. Godâs name is holy.
It amazes me that people listen to Dave for years and still get a car payment and tell him đđđ
"Hey, Dave, I'm not like those other idiots that call you, but......."
Everyone's situation is different. Sometimes a car breaks down and you need a car. And if you are like me, I have a 0% interest loan, so its a no brainer
@@BradyR95 zero? Seems sus....
Cars/trucks are insanely expensive. The loan is equivalent to forced savings. I donât know what difference it makes. If you have an old car that breaks down while youâre trying to save for a new one are you getting ahead? You have to get caught up or have the magic vehicle that is reliable long term. Theyâre out there just most are not in that category.
doesnt mean they're idiots. You seem very judgmental. @@snoookie456
Iâm gonna retire a millionaire. And when Dave is long gone.. I will look back and thank him. It was him that got me to where I am now with my Roth IRA, and it was him that helped me get my financial standings in check. Iâm a custodian by the way.
how do you plan on becoming a millionaire? genuinely curious
By the time you retire $1 million will be pocket change for us think again
Daveâs plan from start to finish guarantees most people will be millionaires in about 10-12 years. Listen to his advice and follow his plan.
He didnât say he would only have one million. Is heâs starting as young as he sounds, heâll have several millions. And even if it was one million, it will be âpocket changeâ most people wonât have. You people screaming *only* a million always make me laugh.
Grandpa Biden will take that away.
Pay yourself first! Instead of spending first and then saving, flip it. Save first then spend.
Me : âmy 3 year old wants a power wheels â
Dave : â whatâs his income â?
"We're eating our retirement!" Funny but true! A lot of people are guilty of this! Look at each receipt no matter how small it is.
I started doing a spreadsheet for groceries, breaking down by categories. It's given me a clear picture of what needed to be trimmed back. At the moment if I have any grocery money left I put it in a grocery slush fund so that when an item we use all the time comes up on a half price special I've got that bit extra cash to stock up with. It's helped us a lot while people were going nuts during the lockdowns.
I am not overly stringent with my grocery list, because being in the store reminds me of everyday purchases I honestly need to make. I also sometimes see a bona fide buying opportunity; as long as it's a staple in my home and on a genuine discount there's no reason not to buy.
It is so true, I find myself always going back to my budget to adjust grocery budget. Now I have a better strategy. Thank you Dave and Chris!
I LOVE when Dave angrily and dramatically hits the hang up button! âïž
Chris and Dave is the BEST duo on the show
Update: This did not age well.
Sad đ
I have been doing A budget for 40 years since I was 17 and I have to say that I'm not impressed with Dave's budgeting app. I do a spread sheet. Before computers I wrote it out on paper. I'm gotten more sophisticated with it over the years. But I have never found a budgeting system that I liked other than my own. I'm not trying to be bragging I'm just saying that not every system fits every person. So you have to find the system that fits for you
Any tips or ever think about sharing your budget plan
@@jesuslover5968 lots of tips. Too much to put in a comment
That's the key. Find the system that works for you. The point is to budget.
Please share these tips... đ
@@granados1990 I would love to but not sure how. Comments are not the right venue
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in November 2023
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liamđ
Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
â@@BenPete-ez8vuYou're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before. The idea of the whole trade market is something I still can't wrap my head around.
I have broken through 45k, 72k and got my eyes on 120k! Champagne stays popping, she is too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable
Dave Ramsey is 100% correct on a grocery budget! My wife and I go to the grocery store together and we use a list and ia calculator and as each item goes in the cart it's added up. As we started this, it annoyed my free-spirited wife as I am the nerd of the family nd love detail but now we both see that TOGETHER it helps and now it's a normal way of grocery shopping. The numbers do not lie.
D/i/a/l/f/o/r/m/o/r/e e/a/r/n/i/n/g W/h/a/t/s/a/p/p me
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Been eating out and getting takeout more than ever during this pandemic! Gotta reel it in. Three kids home from school all day. Mom helping teach the little ones. Nobody feels like cooking. Itâs wrong but sanity for us has been going to a local restaurant. We committed to changing that in this new year.
Write down all your expenses and stick to your budget. Make sure investing is part of your budget, even if it is a tiny amount.
I bring a grocery list. But most times I know exactly what i'm going to be spending so I'll bring my budget for that trip in cash. At the register only cash comes out.. no card transactions.
Second jobs as CNAs on the weekends would solve alot of those problems doubles on Saturday singles on sundays 36+ hours second paychecks and a budget life changing.
They have at least $3k per month in wasteful spending, a second job isn't going to mean squat until they get that figured out.
I am working PRN as a CNA right now to pay off debt. Will be 90% debt free by the end of the year. I don't do much else right now because I'm working so much, BUT to see this credit card debt, car payment and personal loan go away, ITS WORTH IT!
My mom said itâs not that difficult to earn $10k a month but to save $10k is totally different thing !!
Just discovered this guy Dave, luv the wisdom, real life wisdom. Subscribed & sharing & doing everything I can to implement his advice.
Me too now debt free because of his advice.
Who is his cohost? I could listen to this man's voice for hours.
Thank you for your comment much
appreciated,
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for more helpful information,complains and
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Thatâs why budgeting is KEY!! đ
Getting on a more consistent diet/menu each week can really help with grocery costs. I go to the store every Friday and basically buy/order the exact same thing each time. The only time there is a deviation is if I want to get some alcohol or extra goodies for the weekend. So grocery is basically a fixed budget item every week. Another thing that helped was starting to buy stuff like toilet paper, deodorant, toothpaste, etc. online and having it set up to be delivered every 2-3 months at a lower cost.
Some ready-to-eat grocery store food is quite expensive; as much as a restaurant might be. Frozen pizzas seem less expensive, but they're small as well so you need two if you have a family and it's not all that much cheaper in the end.
Homemade pizza is not hard at all if you use an easy sauce and pre-sliced cheese. I can do it (making my own crust) with less work than pick up, and only a little more than delivery (while delivery is probably 8-10 times the price when you count the tip).
Certain fast-food choices are probably pretty affordable if you don't overeat, but they are also quite unhealthy, so that costs megabucks in the long run. For the same price, you could cook very healthful and delicious meals at home for only the same amount of effort as driving to the place and waiting in the drive-thru.
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.
How? I know it's possible, I would appreciate if you show me how to go about it
$72k a year is $3k per paycheck BEFORE taxes in Alaska. Take home is more like $2500 -- after federal tax, social security, medical.
Using coupons at the grocery store can be very helpful, but on the flip side, they can also cause you to spend MORE, because you buy things you wouldnât otherwise just because you have a coupon for it! Coupons should be used ONLY for things that are on your list anyway. Then they truly can save you money.
My partner and I only have one car and drive each other places, we save a total of $500 a month on opting out of another car payment plus insurance!
I guess thatâs the advantage of living in a rural town, we have NO decent restaurants and we are forced to cook lolol unless youâre into BK and DQ đ€Ł
True here in LA from sushi to vegan burgers you can find anything and every single restaurant. Which causes to overspend but it is soooo good
That's the advantage of being in Europe and on lockdown. You don't see restaurants everywhere in the main residential areas like you do in the States. You see primarily the occasional grocery store. And Europeans walk more, so no going through drive-thrus all the time.
Same, there is a Kroger and McDonalds half a mile from the house, if you want anything else you are driving 5-6 miles away on a 2-lane highway with 17 stop lights so it isn't worth the trip, lol. A lot less hassle to just cook the food you have at home.
@@chiaraippoliti walking is a great idea! Hopefully, the lockdowns will end soon. Stay safe! đ
@@TeKnoVKNG23 ikr?! By the time you do all that, you can have a quick meal done lol I feel your pain!
I haven't ever lived paycheck to paycheck...sounds horrible and very stressful. Why I always just lived on less than I make from when out of college. Obviously my buffer was small at the start but didt take long to build up a little nice emergency fund. Living on less than you make is almost mandatory to getting ahead. I don't care how much you make if you live paycheck to paycheck your very poor in my eyes.
We were spending sooooo much at restaurants before Dave. Close to $700 a month. I could not believe it once I sat down and looked at bank statements
Best strategy with grocery shopping my in laws taught my wife and I is to set a grocery budget and have one of us track the costs as we add to the cart on a calculator. If it's over like $0.40 I round up a dollar. It enables me to maintain budget pretty carefully and know when to put fun out of the cart when it doesn't fit the budget.
Theee words: stop eating out
Tracking my grocery spending was indeed eye-opening!
Iâve been unemployed for quite some time now. So thankful we are in a decent position
They could probably pay themself first 25% of their income in a completely separate savings account at another bank and build their budget from there with the other 75% that's leftover in the checking account.
That "OH MY GOD!" actually startled me lol.
Ooooh my gosh yes. It's just me and my husband most of the time. We have my stepson occasionally and I've noticed my grocery budget is always bad. I always go over what I want.
âDonât go grocery shopping when youâre hungryâ đ mehn! so true!! Iâve fallen a victim of this multiple times and gotten things I donât even like eating đ
I told myself I was going to budget $400.00 a month on groceries...the bill for this month so far is at $523.00. However the next grocery visit will be in February. So I'm over budget, however I am tracking it. Dave and Chris were right on the money with this one. Thanks!
Oh my đł
You guys are hilarious together!! so enjoyable to watch
Big thing I do when shopping is when Iâm done I take my cart and go to an isle no one is in, and take inventory if I really need everything thatâs in the cart. Most of the time I find things I can put back.
Thank you for all you have done to help people, Mr. Ramsey. Always great advice! My sonâs learning a lot from you recently.
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Good advice as always