in this episode we're gonna be talking about how you can give yourself a raise
just by cutting your expenses stay tuned what's up guys welcome back
to The Jeremy Kersten Show where every episode we talk about business
entrepreneurship investing and personal growth today we're gonna be talking
about how you can take your current situation and give yourself a raise
simply by cutting your expenses we're gonna go through a couple examples today
I'm gonna show you exactly what I'm talking about let's just start with for
example lunch let's say you're one of the types of biases lunch at work or
school or whatever every day and we're gonna keep the number kind of low I know
a lot of people spend more than this at lunch but let's just go with five
dollars again I know you probably spend more or something like that it's hard to
get a good meal for five bucks nowadays but we're just gonna stick with that for
a second five dollars five days a week for 25 bucks four weeks in a month
you're a hundred dollars a month twelve hundred dollars a year see that
twelve hundred dollars a year you can save just by not going out to lunch
every day if it's dinner you know for me it's a family of four we go to dinner
have some food maybe some drinks and we're looking at I don't know maybe
fifty to seventy-five dollars again to keep it simple we'll go with 50 if we
went out to dinner one last time per week that's two hundred dollars in a
month that's twenty-four hundred dollars in a year twenty-four hundred dollars in
a year just by not eating out one more time a week cable bills right who still
needs cable TV I know I don't there's a number of ways that you can watch TV
without cable you already know what they are Netflix Hulu Amazon Prime and
there's a many more the list goes on and on I want you to look at your current
cable subscription right now and see where you can cut back for me was about
savings of seventy five dollars a month when I took the cable off of the bundle
because there's the internet and cable package with Xfinity also the cable
modem router box they give you you may not realize it but there is a rental fee
associated with that box last year was ten dollars this year
it's going up to $13 so what did I do about it I went on Facebook marketplace
found a modem router combo that is compatible with Xfinity bought that from
the neighbor down the street took back the cable modem box - Xfinity and
instantly save myself $13 a month gym memberships are you going to the gym if
you are cool great keep a gym if you're not you're wasting your money for me my
wife right now we're at a period what we're just not going to the gym all the
time so we're canceling the gym memberships saving $60 a month smoking
are you a smoker I used to be I smoked a pack a day for 10 years it got to a
point where I was spending a hundred and seventy-five dollars a month on
cigarettes good thing I quit that habit five years ago car insurance was the
last time you got a quote for your car insurance you may not know but as soon
as you become 25 years old you can get a reduction in car insurance if you're a
student I mean there's all kinds of different incentives just call your
insurance company see what they can do for you and call a couple of different
other ones - to see what they can do for you as well you may be able to cut off
$100 a month who knows you like to drink at bars consider start drinking at the
house a 6-pack of good IPA is gonna cost you maybe eight bucks when eight bucks
is the price of a pint at the bar you get six times the amount of drinks if
you just go buy them at the store and come back home also business services
for example I had a business service called grasshopper it was the
entrepreneurs phone system it was good at the time but you know I really wasn't
using it anymore so I called them cancelled that extra 20 bucks a month
now I'm saving what about coffee if you're going to Starbucks every day that
can add up I mean a five dollar latte again five days a week twenty-five
dollars a week I drink Starbucks coffee every day - but
guess what I buy the bag in bulk at the grocery store and just brew it at the
house look through your expenses your subscriptions and see where can you cut
back I bet you you can save yourself instantly probably $400 a month if you
really just stop and look and cut back I think you and I both could go on and on
and on about the number of things that we could save and that's all I want you
to do is I want you to stop and think about where your money's going each
month take a hard look at it what are their ideas do you have I want to know
in the comments below where do you think you
cut back money where have you cut back already let me know down in the comments
that way we can share the information with each other you might be helping out
somebody else you never know that's it guys kind of a quick video today but I
just again would encourage you to save some money if you like videos like this
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