10 Things We REFUSE to Spend Money On! 💰 (Frugal Living Tips To Save Money)

10 Things We Won't Spend Money On! (Frugal Living Tips To Save Money) How to live frugally and protect your wallet.

Our Actual Budget is revealed in this video: https://youtu.be/g9G_S4XDZ24

Time Stamps so you can jump ahead to any spot in the video.:

#1- 0:00
#2 - 2:11
#3 - 3:33
#4 - 4:41
#5 - 5:54
#6 - 8:24
#7 - 9:22
#8 - 9:47
#9 - 10:25
#10 - 11:00

Sporting events - Some of you may not like me after I say this, and if you already don’t like me well maybe this will help you like me even less, I know you didn’t think it was possible, but i cannot stand the idea of paying attending professional baseball or basketball games. Sorry sports fans, I know I suck, I know this makes me a horrible person, but at least i’ll be a horribl person with money. (Chipper that doesn’t make it any better boss) Quite down chipper!

The tickets are expensive, the food cost is through the roof. I live about 2 hours away from the San Francisco Giants, but it never takes just 2 hours its always like 3 hours getting there and about 4 hours coming home at night, because traffic going to the bay area is worse than experiencing a hemorrhoid. Now at the giants game now if you want a small beer is around $20 bucks! Are you kidding me? Basically i’m paying someone to rob me? No way I mean seriously if someone random person mugged me on the street I would probably come out better off than If I attend a sporting event, paid for gas, and food and the food at the event.

Drinks - We were just talking about drinks a moment ago. So lets talk about that on number 2. If i’m going out with friends I will gladly buy a drink if we are at a restaurant, maybe even 2 drinks.. No problem. But the drinks i generally don’t spend money on is starbucks coffee and and jamba juice. I love both of them I really do, but I had to reign it in. I’m not about to let my wallet commit financial suicide. There a lot of articles saying that if you just invested what you spent on coffee everyday you would become millionaire. Honestly that is a little far fetched, but the point is the amount of money you could accumulate by not paying $ 2 - 5 per day drinks is quite substantial in the long run. Show refusable kerig cups.

Monthly payment plans - If you haven’t noticed it seems like everything these days can be sold to you on a monthly payment plan. Your car, your credit card payments, your books, your rent, your phone, etc I am extremely cautious into entering anything that costs me money on a monthly basis. Remember your monthly expense is someone else's monthly income. Before paying for anything monthly I will do research and see if I can find alternative solution that won’t cost me every month. I want to protect my free monthly cash-flow. Why? Because my free-monthly cash-flow is what allows me to build wealth.

Gambling - Although I would consider going gambling for fun if a few friends wanted to go. Personally though the gambling bug is not in me. You are more likely to be killed by lightning (1 in 56,439) than win the lottery. That's almost 250 times more likely than winning the jackpot. You are more likely to be killed in a traffic accident driving 16 km to purchase a ticket than winning the jackpot.

The amount of money people in America spent on gambling in 2016 was an estimated $116.9 billion

https://www.problemgambling.ca/gambling-help/gambling-information/what-are-odds.aspx

https://www.investopedia.com/financial-edge/0512/investing-vs.-gambling-where-is-your-money-safer.aspx
The Bottom Line
So, when skeptics tell you investing is merely gambling by another name, refer them to the data. The data clearly shows that gambling is a no-win venture, and not at all comparable to investing.

The data also shows that the major areas of investment - a diversified stock market portfolio, triple-A bonds and residential real estate - have been profitable over time. Certainly some investments may not work out, and some may even prove disastrous; but which would you prefer, to invest your life savings or retirement fund in a diversified investment portfolio or let it all ride at the roulette or blackjack table?

Master degrees - After getting 2 different bachlor degrees and coming out of school with about 15,000 in school related debt there was no way I was going to pursue a master degree, and honestly for the work I do it is not necessary. It is somewhat depressing for me to say this, but by avoid higher education through the traditional school system i’ve been able to stay out of debt and keep our finances in good order.

Luxury goods - Louis Vouitton, coach, parada, -
Jewelry

Manicures, and pedicures

Full price clothing

Gym membership

Видео 10 Things We REFUSE to Spend Money On! 💰 (Frugal Living Tips To Save Money) канала Money and Life TV