alright in this video we're gonna talk about 11 things that you should stop paying money for
and those are just a few of them now if you add up all the
savings that the average viewer would save by not spending money on these 11
things what you'll find is that it would be a savings of probably many thousands
of dollars a year and to be honest with the last tip we shared number 11 because
we have to save the best for last my wife and I have actually saved over
ten thousand dollars in the last five years just by doing this one thing alone
so if you want to see how much money you could be saving stay tuned we're just about to start
alright, hey if you're new here my name is Bob Lotich welcome to our Channel
so glad you are here and what we do on this channel is we give you practical
money-saving strategies ways to put more money in your pocket and then we also
talked about some of the timeless biblical principles on how to manage our
money wisely because after all what is the point of having it if we're not
going to manage it wisely so if that resonates with you definitely
hit that subscribe button so you can hear from us as we create new content
now as we go through these eleven different items I'm gonna put links down
in the description so if you want to find out any more information or if you
actually need the URL of any of the things that we mentioned it'll be down
in the description all those links will be there for you so you can check those out
alright also down in the comments section if you wouldn't mind letting me
know which of these eleven items you are spending the most money on now that'd be
super helpful it'd be good information I think for all of us to see so you can
just leave a comment just with the number of the item that's completely
fine and I would just love to hear that from you
alright with that out of the way let's get to these eleven things you should stop spending money on
and I will say you probably know a couple of these because you're a financially savvy
person if you're watching this like you care about your finances so you might
know a few of them but focus on the ones that you do not know and just remember
just one idea that you implement could save you a whole lot of money and really
improve your financial life so just one idea that you run with and execute and
take action on can make a big difference so first on the list is credit card
interest if you are paying credit card interest if you are carrying a balance
on your credit card you are paying for something that you really should not be
now I understand if you're in a situation
you can't immediately pay it off because you don't have the cash available to pay
off your credit card balance but even if you are carrying a balance on your
credit card try to get a lower rate and in many cases you can actually get 0%
I have another video where I talk about how I got 0% on all of my credit cards
and I kind of walk through that strategy of how I did that but this is definitely
something that could save you a whole lot of money and really none of us
should be spending any money on alright number two is food and your first
thought is well I got to spend money on food we all need to spend money on food
that's true but there's a lot of food that you don't need to spend money on
you can go to the store and pay four or five dollars for this thing or you can
grow blackberry bush like I did and so this might sound crazy whatever but I
planted a few blackberry bushes in my backyard and so I get a whole bunch of
these things for free every single summer when they come back every single
year and all I need to do is just give them a little water and trim them up
once in a while so it's pretty simple and it's free food and so I know you
might not be a gardener and that's completely fine but let me just walk you
through just the simplicity of this just so you can understand and consider this
idea so let's suppose that you planted a tomato plant in your backyard and it
grew I don't know maybe 10 or 20 Tomatoes over the course of the summer so you
don't have to buy any of those Tomatoes so essentially you could start with one
tomato and then save those seeds plant them next do is save the seeds and just
do this over and over again and never have to buy tomatoes again so I know
what you're thinking that's too much work I don't want to do that I'd rather
just go to the grocery store and buy my tomatoes when I want them and that's
completely fine I don't have a problem with that but I just want you to know
how simple this actually can be so I don't like doing a lot of work in the
garden I'd like my garden to be as simple and
easy as possible and so what I did is about this little timer for my hose and
so my sprinkle goes off once a day and just waters those plants so I don't have
to go out and water my tomato plants it just waters them automatically and I go
out and pick tomatoes and eat them other than a couple times of year where maybe
I need to dig up the tomato plants or plant them at the beginning of the year
I don't have to do a whole lot of work in the garden you know and what I like
even more than tomatoes are perennials so kale sometimes will make it through
the winter and I can have kale all year long and I'll just sit there grow and
grow and grow and I can eat it and make salads I can cook it you know or certain
herbs like I like to cook with thyme and I'll just stay on the ground and just
grow and it's always there and I can just go picking I don't need to go buy
spices from the grocery store so anyway I think you get the point I am done
trying to convince you to become a backyard farmer like I am but the bottom
line is that we can save a lot of money on our food just by growing some of it
alright so number three is personal finance software so I'm a financial guy
that's what we do on this channel and my website we help people with their money
and so this is my world but anyway there's a lot of personal finance stuff
we're out there where you can spend money you spend a lot of money on it and
there's actually a tool that's better than all of them in my opinion and it's
completely free so I did another video about this you can check out if you want
to find out more about it but it's called Personal Capital and they just
have an amazing suite of financial tools that are all in there for free so that's
one of the things that we really shouldn't be paying for because it's
just so good all right number four is your car so yeah I know I know I still
have a car I'm honestly not planning on getting rid of it right now but I have
thought about it you know with Lyft and Uber being available and then now these
little scooters a bird in the Lime Scooter and a good old public
transportation there's just a lot of options a lot of ways to get places you
know and even if you're not in the city I mean Lyft and Uber like are going
pretty far out and so they're becoming pretty viable options to get where you
need to go I had lunch with a friend just a couple weeks ago and he told me
that he had gotten rid of his car and just completely eliminated it and he only
takes Lyft and Uber everywhere now and it just got my brain thinking a little
bit like wow this is this is becoming doable like I can maybe do this I'm not
there yet but I'm on my way and the enticing thing about it is that
owning a car is really expensive you know for most of us it's probably our
second biggest expense next to rent or home ownership expenses so if that's
something that we could eliminate that that's a whole lot of money that we
could save all right number five is books and some of you may remember this
old place called the library and the library actually has free books there
and you can actually get ebooks there for free you can get audiobooks in a lot
of cases for free you can even get good old paper books for free and there's
this really cool Google Chrome extension that when it's running and you're on
Amazon's website it will search your local library database to see if a book
is available all right number six is tax preparation and every year we have to
file taxes and none of us like doing it but it's part of what we need to do but
for the last few years I've noticed that TurboTax has this cool program
where they will file your taxes for free federal and state completely for free
now there are restrictions you have to have income qualifications and you got
to be filing a simple return bla bla bla bla bla but the point is that a lot of
people can actually do this for free without having to pay so when tax time
rolls around be sure to check that out alright number seven is pets and I have
grown up with pets I've had pets my entire life other than the last couple
years because I have replaced them with kids now but if I know anything about
pets it's that pets are expensive even if you have small pets now I'm not
trying to convince you to get rid of your pet I don't necessarily think
that's a good idea but if you are on the fence about buying a pet you're
considering getting a pet then this is something you should think about there
are a handful of websites you go to where you could become a pet sitter and
you could maybe pets it for a weekend or a whole week this might be the fix that
you need if you're feeling like you want a pet or it might convince you that you
absolutely do not want a pet but either way what's great about this is that you
actually make money in the process so you don't have to pay money but you make
money and you might be able to satisfy that craving that you're looking for
with one of these little animals alright so I forgotten number eight when
I was recording this so let's go ahead and dive into number eight and number
eight is your credit report there are a lot of places that you can get this that
charge you for it but there are some free places and I'm
gonna point you right to them so one of them is Credit Karma you can go there
and get your credit reports for free and you can also go to
annualcreditreport.com I have all these links down below Credit Karma is really
cool because they actually do credit monitoring as well so you don't have to
check this on a regular basis they will do it for you so that's definitely
something that we shouldn't be paying money for either alright number nine is
cable are you still using cable please tell me you're not using cable come on
what year is it okay maybe you just didn't know but let me enlighten you
you could save a whole lot of money by getting rid of cable and switching to a
service like Sling or like Hulu and you should be able to watch most of the
shows you're trying to watch if not all of them should be able to get a good
amount of your sports and there's just ways to kind of work around the cable
thing and save a lot of money and that kind of leads me to point number ten
which is not paying for subscriptions that you aren't going to use now in my
case I've been using any cable alternatives for a long time we're
probably going on to a decade now and as a result I had a
handful of these different subscriptions so we did have Sling we had Hulu and
Netflix Amazon Prime think we've had HBO a little bit and some of these
subscriptions I noticed well we're not really watching
any shows on there and we just had too many and we're wasting money on some of
them so we went through and just cut out all the ones that we weren't using very
much and saved ourselves like 50 bucks a month really really simple and this
might not necessarily be TV stuff but like Amazon Prime obviously does tons of
stuff but if you're not getting your money's worth out of it then cancel it
save yourself the money all right so now we are on to tip number 11 which is
gonna require a little bit of an open mind but I know that you are that type
of person so bear with me but over the last five years my wife and I have
gotten 161 free flights and 97 Hotel nights for free the way we have done
this is through credit card rewards and credit card points and so I wrote a blog
post about it that you can check out where we go into detail of how we did it
actually wasn't that difficult at all but the key is knowing which credit
cards you need to get because it makes a huge difference so if you just have you
know your bank's credit card and they give you some rewards most likely it's
not very good and so you need to get the right cards and you need to use the
points the right way and if you do that you can get tons and tons of travel for
free and that's what we've done so definitely check out that blog post for
more information and that one has been such a big one for us so definitely
consider that if travel is something you're interested in now like I said
before links to everything we mentioned are down in the description below so
definitely check those out if you need more information about anything or if
you need the actual URLs or any of that alright and also like I said before let
me know down in the comments which of these eleven you were spending the most
money on and what you're looking to change you can just leave the number
down there and if you got any new ideas from this video or if you found it to be
helpful I would love it if you could leave us a thumbs up down below that'd
be amazing and if you're looking for more unique ways to kind of save some
money I compiled five of my favorite ones in a video that you can check out
and if you do all five of these you should be able to easily save $400 a
month so definitely check out that video if you're interested in hearing more
about that but that's all for today so have a great rest today and I will see
you in the next video