How To Want To Stop Spending Money

Spending less is easy when you see all the benefits of it. In this video, I explain the positive things that happen when you spend less money!

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Many people think that spending less and living a life of less is about deprivation and scarcity; however, it is actually have abundance and empowerment. In this video, I want to challenge you to see the benefits of spending less and living a life of less by sharing 5 benefits of spending less.

1. Everything Becomes Cheaper

Instead of stop spending money, just stop spending money you don't have. The problem that most people have with money is they spend debt, which makes their lifestyle cost up to 12% more because they have to pay interest on everything. When you only spend the money you have, you naturally spend less, and your lifestyle costs a lot less.

2. You Can Live Your Life More Freely

Since most people spend debt, they end up owning money to a lot of different people. This makes them a bit less free to make decisions in life because they also have to consider the interests of the people they owe money to. When you only spend the money you have, which naturally means spending less, you don't owe anything to anybody and can live your life more freely.

3. You’re Not A Pawn In Someone Else’s Game

The argument that consumerism makes is that you are broken and products can fix you. And many people believe this argument and end up living a very materialistic lifestyle. All consumerism is, is a rich man's game where corporations try to maximize profits to please their greedy shareholders. When you see consumerism for what is it, you don't only spend less, but you want to spend less because you don't want to be a part of the game.

4. You Can Take More Risks In Life

We all have dreams of doing things out of the ordinary in life; however, money often holds people back in taking the risk. I believe in order to take a risk in life to pursue your dream, you have to have courage and financial stability. When you live within your means, don't take on debt, and have some savings, you are more free to take chances in life.

5. You Don’t Have To Work As Hard

Money is just a representation of time where we exchange our time for money. When we carelessly spend our money, we are wasting the time it took to make the money; however, when you are more intentional with your spending and spend less, you don't need as much money and so you have more control over your time.

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[ElAgustin]

What's another benefit of spending less and living within your means?

[georgeandrews]

Money gives you options. The more money you save, the more options you have.

[sNation-xohk]

4:14
“Consumerism Argument
You’re broken and products can fix you ”
I think It is a powerful line.

[AuroraDisneyH]

Call me crazy but this is why I’m glad I never bought into credit cards. I applied for one when I was 18 and didn’t understand the concept. Why borrow when I can just use the money I do save for expenses? My family still doesn’t understand how we can live without credit, but I do. Just save your money, it feels like you really earned things

[giolrz]

The system is working exactly as it was designed

[willmartin]

I have an old house, ,,I have old car, , I have an old truck, , have old clothing, , , , everything I have is old in great condition because I care for everything I have I basically don't buy anyting thanks for your videos I'm hooked on your videos...

[PuntaPacifica]

As a Latino, I want to thank you for your effort to help all Americans think better about money

[druid]

The credit card vs cash comparison only applies if the person carries a balance. You’re actually better off using the credit card and getting rewards, and paying the entire balance off

[workinprogresssince]

We are taught that happiness comes from spending money and material acquisition. But spending is an addiction that can be overcome.

[willmartin]

What I never understood what is all this hype about traveling work 40-plus hours a week between that church caring for my family, , , , caring for myself, ,,,caring for my house, , , care for my side hustle are you kidding me my vacation and my great travel is when I lay in bed or sit on the sofa and vegetate 2 funny stuff or good shows that is a great vacation for me.

[ogre]

Did anyone else feel somewhat embarrassed when watching that Black Friday stampede? It's one of the largest gatherings of broken people in one place that we can ever witness.

[Joce]

After 1 year of scorched Earth frugal living my challenge right now is to find a way to spend a little bit per month for enjoyment trying to. Strike a balance.

[sct]

I stopped shopping because I was overwhelmed.

[danicegewiss]

Holidays for us means doing something nice for one another at Christmas, decorating less, and enjoying time with each other. It's a lot less stressful than running up the credit card bill, racing around for gifts, etc.

[blackgrandpa]

I have always lived below my means and that has allowed me to bye a house which will be paid off in 3 years i only by used cars in great conditions and invest in Etf in the stock market and this has allowed me to become a millionaire and the best part nobody knows investing is personal

[allenbrown]

A wise man once said “Less is more.” I agree. 🧡 🐪

[acbc]

I work at a place where I see temptation but I have a trip abroad mid October. I’ll be debt free very soon . Mark
My words .

[shess]

Living with Less is the next step after learning what is Enough. If you can learn to recognize what is Enough, you can get to living with less. Excellent video!

[OmeroBello_]

As a young graduate ready to enter the work force and to gain his first paychecks, I really enjoyed this video and I'm ready to become an adult of the society with this right mindset 💪🏻

[thetrentmeister]

I absolutely love your videos, Austin. Thanks very much.