STOP Wasting Your Money on These Things!

There are ways to reduce your expenses and save money without sacrificing your happiness. In this video, we talk about things that are probably a waste of money which you likely haven't considered before. It's important to note that everyone prioritizes expenses differently - someone might choose to splurge on an expensive house but drive an older car, for instance - but you should aim to cut out any expenses that don't significantly improve your own quality of life.

✔️ Watch next! ✔️

Why Studying Abroad is the BEST Financial Decision You Can Make

Why NOT to Become a Doctor // Best Careers for Early Retirement

How Much Time Can Your Money Buy? // Steps to Early Retirement

What Should You Do With $10,000? // How to Prioritize Your Money (GUIDE)

0:00 Introduction
1:02 Expensive phone plan
2:46 Subscription services
4:58 Limit social media influences
6:50 Food
9:12 Conclusion

Disclaimer: I am not a financial advisor nor a tax professional. The content presented in this video is for entertainment and educational purposes only.

[MagnitudeMoney]

Cutting back on social media consumption (except YouTube) has been one of the best financial decisions of my life. Less influence to buy things helps me save my willpower for more productive things. Great video!

[Kimmyg]

I agree the most on social media influences. It's extremely tempting to be absorbing content that makes you want to buy things, own things, and just have things.

[IsFIREforme]

“Get rid of expenses you don’t find worth the money”. Solid advice. Gotta stop and realize what we are spending on so we can stop. Thanks

[joymae]

Yes I completely agree, get rid of expenses that do not bring you value. My small luxuries is a nice coffee out on the weekend while I walk my dog and a dining experience once a weekend.

[RealLifeMoney]

This is definitely the time to start cutting back on expenses. Next concern would be keeping our income steady during these times too. Nice video!

[WisdomWealth]

Very true. Cutting expenses is a very important key to success and financial freedom.

[JarrodSampson]

Great video Alex, limiting social media influence was a GOOD one, many struggle with this and this tip is usually overlooked!

[otherryan]

"You didn't save money, you spent money you weren't planning on spending in the first place" -- this is so true! Honestly it's hard to go anywhere online without being targeted with ads and shopping deals, but resisting those impulse purchases puts so much more money in the bank. We're not trying to impress anyone except ourselves!

[PierceJPeterson]

Awesome video Alex! So many ways to save money here and there and it certainly adds up over time!

[ThinkMoneyBenny]

hey just came across your channel, looking forward to supporting! great vid!

[bgentsja]

You’re good. Well explained and understood. And you mentioned some outside of the box points I could follow. Great share!

[bosshismoney]

Less browsing of the internet gives me more peace of mind too. I love this video

[DanielsBrew]

Great video, Alex - you are absolutely right, small expenses definitely add up!

[DemetriPanici]

The Starbucks and avocado toast jokes are my favorite 😂

[TradingWithCJ]

So easy to see how everything adds up! Im defiantly guilty of spending on unnecessary things aswell

[SoFirmStudios]

I've never heard of MVNOs before so maybe you could expand on it in a future FIRE video, but in the mean time:

Did you switch from a normal mobile carrier? If so, did you notice a change in cell reception or customer service? Do you know which major provider's infrastructure your MVNO uses?

I'm sure I'll have even more questions but since I'm just learning about this I don't even know what to ask (which is super exciting!!).

[FreeyourFinance]

Great video, Alex. All such easy things to cut down which is literally going to earn you money! High phone contracts are madness, sharing subscriptions is a great idea and I too have starting planning my food ahead of time!

[THRIVETradingInvestments]

Love the video! Those large recurring payments really add up, especially when you lose track of how many you have

[PracticalPersonalFinance]

Thanks for that junk email tip! I'm gonna use that one!!

Alex you should introduce yourself and your channel at the beginning of your video, and suggest for people to like and subscribe in the first 30 seconds. Most people won't make it to the end and will forget!! BTW congrats on hitting 100 subs!!

[MarzellCrypto]

It’s just as much about getting in the mindset of watching what you spend.. we know a £3 Coffee once a week won’t really BREAK the bank but the habit of making it at home will filter in to other things in your life .. it’s about getting your “pay yourself first” game on