The Rachel Cruze Show - 5 Quick Ways to Cut Costs (Even If You Love to Spend)

Starting point is 00:00:05 Okay, I am a natural spender, so I do love to spend money. So I really understand that it can be hard for people to cut back because it is difficult. So today you're going to learn five at simple money-saving tips that even work for us spenders. And before we get started, make sure to like, subscribe, and share this episode with a friend. All right, the first tip might come a little bit as a shock, but it shouldn't if you've been watching this channel for any amount of time. But number one is to use a monthly budget. Yes. So a budget really does help. help you have permission to spend money. And so when you are doing a budget, you're going to feel like you got a raise. When you do a budget, you're going to feel in control. And when you actually

Starting point is 00:00:43 make this a rhythm in your life, it's not scary or intimidating anymore. It really is, again, this like plan for you and where your money's going. And you're an adult. And you get to decide where do you want to spend your money. Now there's some wisdom around it, right? Don't spend more than you make. You want to be giving some and saving some like all of that. But this is your permission to spend. So when you do a budget, have your income for the month, minus all of your expenses, including giving and saving, put dollar amounts next to each of those categories. And the goal was for your income minus all of those expenses should equal zero. So every dollar has a name. And in the budget, always remember a miscellaneous category.

Starting point is 00:01:19 We used that a lot last month. So that's when I'm thinking about it because stuff is going to come up that you forget about so that it doesn't throw everything off. But it really is. It is an amazing tool to help you. So when you're spending, you do it without this like questioning of is this okay, all of it, it just gives you the permission to know, yeah, that's how much is in the clothing line item with the budget, like go and buy some Amazon earrings or whatever it is for you. And if you need help budgeting, every dollar is the best budgeting app. It's the one that I use and my husband uses, like, it's incredible. So I'll put a link down below and that can really help you build out your first budget. The second way to cut cost is to do a subscription

Starting point is 00:01:55 clean out. And we talk about this a lot, but it is so real, you guys. Like Winston and I, we even looked up and we were like, oh my God, we had like an Apple subscription because we were watching like one show on Apple, a Hulu, Netflix, Disney Plus, like it just kept going on and on. And we were paying for cable. Terrible. So the amount of money we were paying for media that we weren't really even using that much of, it was so much. And I think these things have become a rhythm in our lives with subscriptions, whether it's

Starting point is 00:02:23 app subscriptions or gaming subscriptions or TV. But go through and actually look and see what are you using and cancel them. And even if it's like 1499 or $6.99, like it may not feel like a ton of money month to month, but it adds up so much. And it's going to simplify your life. And it is incredible. And Winston and I actually, we cut cable for the first time in 15 years of marriage. We got rid of Comcast. God love you, Comcast. But we did it. We are now normal Americans that don't pay for cable anymore. And it saved just like hundreds of dollars, y'all. It was unbelievable what we were paying. So when we re-exammed it at all, it was like, we can still get the shows we want

Starting point is 00:03:03 and the things we want, but let's just do it in a smarter way. So we did it. Now, what an annual plan that I am not cutting, because it is affordable and it is a must in our house, is delete me. So delete me is an incredible service that goes in and removes your information online. And what happens is we put so much of our information online because we're online all the time, like we're doing so much. So delete me, goes in and removes your information. And they are phenomenal. They've saved me over 50 hours. of doing this, hundreds of websites that they've removed my information from. And it's amazing. And what's crazy is what the internet has on me. Like, and on you. Like, if you go and Google yourself

Starting point is 00:03:38 and, like, address, like, old addresses will come up where you're like, how did they even know what lived there in like 2012? Like, it's just wild what is out there. So make sure to sign up for Delete Me because it really is incredible and it protects your online safety, which we need today. So you can get an annual DeleteMe plan for 20% off, which comes out to just $9 a month. So go to join deleteme.com slash rachel or click the link in the description. All right. The next way to cut back on spending is buying in bulk. So whether you are single, you have roommates or you have a family, this really is a great

Starting point is 00:04:11 way to buy. And it's not everything. Like I've learned perishable goods is not great for us in bulk because we end up wasting stuff. But it really is like some of the stuff, whether it's, you know, paper plates or toilet paper or, you know, paper towels, all this stuff that we end up using, it really is amazing when you can go into these bulk stores like a Costco or a Sam's. Because if you think about a 12-pack of a Kirkland brand at Costco is $2 a roll for paper towels versus a four-pack at Target. It's $2.50. So again, over time, like you are saving money when you are buying in bulk.

Starting point is 00:04:46 So look at like side-by-side comparisons of things that you use and look at it and do the math and just know. But you are going to save money when you are buying in bulk on things that you use a lot of. And if you have a great family, like it is worth the membership costs. It really is to some of these places like Costco and Sam's Club. Next is meal planning. So if you're not a big cook out there, listen, this is still something you need to do because food is the number one budget buster for most people, including the cruises. So go through the week and just have a plan on where your meals are coming from.

Starting point is 00:05:15 And when you do this, it simplifies your life, especially dinners. I feel like dinners are always the hardest. It's at the end of the day. If you've been working all day or kids have been in school, everyone's just tired. but if you have an idea of what you're going to make or, and again, this can be simple, like spaghetti or something. It doesn't have to be complicated things, but if you're trying to cut costs, cooking at home is going to save you money and knowing what you're going to cook is going to help you. So if you're spending like $10 a day on coffee, maybe that's something you look at,

Starting point is 00:05:42 you're like, okay, I'm going to plan out where I get my coffee and maybe I get my coffee from home and save that money. So make sure to check out the meal planner and grocery savings guide because, again, food is like the number one budget buster for so many people, so have a plan for it. And number five, the last way, is just to cut back on impulse spending. So this happens a lot. And what's crazy is the average American, on average, is spending $150 on impulse purchases. And that adds up to $1,800 a year. And I get it.

Starting point is 00:06:14 Like, the temptations are everywhere. It is so easy just to, like, add something in the cart, physically or online. swing by and pick up dinner, but like, whatever the thing is, you end up spending so much for conveniences. And so plan those out and just know ahead of time of like, okay, I know this is the plan for the day and I'm not going to add more to my purchases. I'm not going to spontaneously spend. And if you do that, even for a month, like just try it for a month, you will save so much money. It's like even the impulse on Amazon. I'm like, oh, we'll just get that, that. Just don't. try like kind of a no-spend idea, and it's amazing how much money you will save.

Starting point is 00:06:53 All right, these tips have really helped me when it comes to my spending, and they've really become a habit over time. Not perfect at it, by any means, but it is something that I've put into place, and it's given me so much peace around money. So if you want to learn what else I do to make the most of my money, keep watching the next video on how I budget, invest, spend, and save my money. You can click to the next episode, or I'll put a link down below if you're listening on podcasts. All right, you guys, remember to take control of your money and create a life you love.

The Rachel Cruze Show - 5 Quick Ways to Cut Costs (Even If You Love to Spend)

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