How to Live on Less and Save Money

How to Live on Less and Save Money

August 19, 2019 100 By William Morgan


(playful music) – Hey, guys! It’s Dana and it’s time
to talk about money and in this video, I wanted to talk about how to live on less and save money. (machine whirring) Okay, so a while ago, over a
year think now maybe or more, there was a tag going around
with seven questions in it, and I haven’t done a tag in
year, and years, and years. So, these are just videos where, you know, those same questions, different YouTubers answer them. So seven questions talking about money, so I thought I would
go through and do them, do something a little bit on my channel. Alright, but something similar, right? Okay. Alright, so question number one is, what are the most important frugal things you do every day to save money? Okay, there’s a lot of
frugal things every day. I am definitely a frugal
person, so is my husband. But packing lunches, I
think a lot of people know about that, that’s
a pretty simple one. We pack the kid’s lunches, we have four kids, and our own lunches. My husband and I both work
full-time outside the home. Every single day, we pack our lunch for ourselves and the kids. Also, we drink water. We don’t buy sodas. Sodas are not allowed in the house. We don’t even allow it in the house. No sodas, only water. The kids do like to drink V8 juice. Luckily, we got them started on it young, and they like to drink V8 juice. So it helps to get some
of their veggies in, so they do drink that
in addition to water. Also, cutting back on activities, okay, this is something
that I think is important. Our kids, we have four kids, each child does one activity. And if you have kids
and they’re school age, then you might be dealing with this. A lot of kids are in so many activities, which is wonderful. If it’s in your budget, that’s fantastic. But if you’re trying to save money, think about really cutting
back on those activities to just one, right? Just one activity that will help them as far as health-wise and
socially to make friends, but don’t do too many because they add up. They might not seem to
expensive, that one activity, but if you add up the cost of if they have to buy things for recitals or you have to, you know
there’s always little extra costs here and
there you have to help out and a snack bar and you know
buy so many raffle tickets for certain things so just be careful the number of activities and then lastly every day
what we do is I use up the end of every single shampoo bottle, soap bottle, I add water
to it, shake it up. I make sure we use our
products to the bitter end. Question two, what are
your best strategies for saving on utilities? Okay so programmable thermostats
I think are really great if you can get one, get it installed. They’re not too expensive,
you can program when you know if you’re not in the house during the day, if you’re at work and
your kids are at school you can lower your heat and
then you can have it kinda kick back on before you’re gonna get home and then that’ll save you a lot of money. Also you can use a low
pressure shower head to reduce your water flow in the shower. Again if you have children
and they’re standing in the shower for a long amount
of time it’ll cut down on your water bill if you sort of trick it so that they aren’t getting
as much water flowing out of that shower head as
they are, or you, as an adult. Lots of adults take really long showers. Also make sure that you don’t have water being wasted in your toilets say. Like if you can hear the toilet running maybe you need to go in
and replace the inner parts inside with what are those things called, you know the float you know? Which I’ve replaced but I
can’t think of the name, the official name, but
make sure that you have everything in there in working order because if your toilet is kind of running or if you have a leaking
faucet, that drip, drip, drip, drip, drip, those
things, they’re gonna make your water bill go up. So make sure that you are
being as efficient as possible in your home as you can,
wherever you can, right? Okay. Number three, what is your best tip on food and household products? Okay not eating out, right? So don’t go to restaurants. I would say that is my best tip for food and empty your pantry, all right, weekly. We eat everything we
buy, really, in the week. So our refrigerator is pretty much empty by Saturday morning. My husband does the
grocery shopping on Sunday and so the refrigerator is
empty and the pantry is pretty empty as well but that way
we know that everything we’re buying we’re actually eating,
we’re not wasting money and I think bulk buying,
a lot of people do monthly grocery shopping or they buy in bulk, which is okay you know but
then sometimes you might have a lot of cans or things that
or things spoil and go bad because you bought so
much of it and you decided I’m sick of it, I don’t like it anymore, I don’t like it at all
and then you don’t eat it and then you’ve just wasted all that food, wasted the money that
you didn’t have to spend on that food because you
didn’t even end up eating it. So we empty out our refrigerator,
empty out our pantry and it’s funny ’cause the kids
or if my sister’s visiting you know Friday night,
Saturday morning-ish they’re like oh there’s
no food here, it’s empty. We have no food, you know we’re
really scrounging to eat up all the last, you know
we’re just eating up. I mean there’s always food to
eat, that what I would say, there’s definitely something you can eat but for the most part you know it’s down, if you open the fridge it’s pretty empty. And then for household products,
like I said use up things to the bottom and then un-paper towels. Okay we use cloth towels instead of paper towels, cloth napkins. What is your best tip to save on clothes? So we shop at Goodwill and
I, this is a free shirt that I got from a race
I ran, a 5K, so yeah. So I would say don’t, I
don’t shop often for clothes. Really like never. Like I saw a picture of
myself wearing a shirt that I still have in my
closet when I was dating my husband, before we were even married. I said wow, I just wore
that shirt last week and I was wearing it 15 years ago. Which is a little excessive,
okay that’s a little bit much but I pry could use some new clothes. But be careful how often you’re shopping. Do you really need a new t-shirt you know? Unless it’s frayed, like
do you really need it? And then just be, that’s my
best tip is to really evaluate you know the clothes you have and then where you’re shopping. If you’re trying to save money, right? There’s a whole great
thing about minimalism where you’re trying to decrease the number of clothing articles that
you have in your closet, I can’t think of it now,
to like 30 or something, there’s some whole program about that. Like where you can you know
try to cut back on everything you have because really
if you have some basics that’s all you need, right? I mean unless, are you gonna
do laundry once a month? If you do laundry every week,
like you should to cut down on the smell in your house
then really there’s only so many outfits you need in a week and I don’t know, maybe
my coworkers are sick of seeing me in the exact
same outfits every week. What’s your best strategy to stay out of debt or to pay it down? All right so here on my
channel you know I talk a lot about getting out of debt,
it’s pretty important to me. I really feel passionately
about debt making you a slave and the feelings that it
causes and the freedom it steals from you so we follow
the Dave Ramsey Baby Steps. I do believe that is the
best plan to pay down debt. So if you haven’t heard of
Dave Ramsey’s 7 Baby Steps then definitely look into it. I think that’s the best
way to pay down debt but overall is to obviously
stop borrowing money. Just stop borrowing money, right? You’re never gonna get out of debt if you continue to borrow money. So if you just do that then it’ll help you because if you’re paying
the minimum payments obviously it’s gonna take a long time but if you commit to never
borrowing any more money, eventually you will get there
to be out of debt, right? So just do not borrow any
more money for anything. That means cars, student loans, furniture. Like really commit to stop so
that you can get out of debt and break those chains. Share one thing you do to save money that other people don’t know. Well I have shared before
that I use reusable feminine hygiene products and that does save us a lot of money. So something people, most
people don’t know that in general life it’s not
something I talk about but it saves women, it saves
you a lot of money ladies if you use reusable
feminine hygiene products. Yeah so what else though? The other thing is that I
really don’t go on social media and I think that that
saves a lot of money. I think that people would
be surprised by that considering that I am a YouTuber but I have not been going on
social media hardly at all the past two three years maybe, I’ve even gotten really
bad about Facebook, I don’t know I’ve just kind
of been so bad with Facebook. But if you don’t look
at social media as much it’ll help you save
money because you’re not comparing yourself to other people. When you are looking at
Instagram and you are looking at everybody’s vacation
photos or you know their brand new whatever, shirts,
you know people love to post their highlight reel on Instagram right? So you’re seeing all these
pictures of their fabulous life as they are showing it to you. Of course everybody has
the bad part of their lives which they do not share
on Instagram generally. So if you’re looking at a lot of pictures on social media it’s gonna make you feel that sense of comparison
and maybe you’re gonna start buying things that you
wouldn’t otherwise buy because you are seeing others you know, others that oh they have,
look at that amazing L.L. Bean bag that they got, I just have to have it. Oh my gosh I need that L.L.
Bean bag in my life, right? So and it’s gonna make you maybe buy it when maybe you wouldn’t have otherwise. So stay off social media,
that’s something I do and it does help a lot
to not compare to others. Yes it’s true I don’t
keep up then with others that you know, but I don’t
always see what’s going on in their lives maybe because
I’m not on social media as often but I think I’m more content. Definitely more content
when I’m not comparing myself as much and I
think we save, we do save because I just don’t, we’re
just doing our thing, right? Doing our thing and I
don’t have to compare or worry about what we’re not, the vacations that
we’re not taking, right? Like ah they’re in Disney
World and we’re not. All right that’s enough about that. You get it. Okay so the last question is how important is it for you to save money? Saving money in your savings account or saving money just like in general like I got a coupon on that? So in getting a coupon
on that kinda saving, it’s really important
just because we work hard for our money and I really
feel like we work really hard and I don’t wanna overspend for things. I’m more than willing to
pay extra money on things of quality that are gonna last a long time that I think are important,
like a brand new sump pump I just put in the basement. I got the best sump pump that I could buy. I did use a coupon though with the plumber to get the price down
for the installation. But I want us in that
case you know it’s like I want the best quality for the best price and it’s important because I
mean I wanna be responsible with our money and we
work really hard for it and I don’t wanna just
be throwing it away, you know overspending on things. So that would be like,
that’s why that’s important to me to save money in that regard. And then say in our savings
account to build money for an emergency fund and
build up money in that way or retirement savings,
that’s really important to me because I don’t every wanna
be a burden to my children. Right we have four kids and I don’t wanna be a burden to them. I wanna be able to make
sure that no matter what I’ll be able to take
care of myself you know into my 90s if God
willing I live that long. I wanna be able to have money there to also help our kids go to college and so and to give, you
know give to our church, give to charities if I want to. That’s why saving money is important to me just also in case we have emergencies. I don’t wanna be stressed out. I wanna be able to pay
for things when we need to pay for them like a new roof or whatever. So it’s really important. It just means a sense of peace
when you have savings, right? If you have savings then
you can have more options in your life which is what I
would say is very important to me is to have the choice. I wanna have choices and
if you don’t have any money saved then you don’t have any choices. You have to go to work
and you have to maybe take the first job you can take
because you need to pay a bill and you don’t have any money
and you have to you know put food on the table
for your kids to eat. You just really, you don’t
have as many choices, right? So that’s why it’s so important, so for to be able to take care of myself, not be a burden to the kids,
and then also to have options, choices and to be able to
give to whatever charity or wherever I wanna
give to help out others. So because it’s wonderful. It’s a wonderful feeling to give to others where you want to so you can help, right? But if you’re broke you can’t
help others, you just can’t, you can’t give, you can’t be
there, you can’t be a blessing to others if you are yourself not in the financial position to do so. Okay, all right, so that
was a seven questions. Course my battery light is flashing now. Typical me so then yeah, I guess I have to wrap up this video. Thank you guys so much for watching. If it was your first time seeing me, I am here every single Tuesday talking all about money
and we’re a family of six living in the Philadelphia area and I’ll talk to you guys next week. Bye.