In this long video, I cover how I budget and all the ways I save money. This is at the request of one of my followers who wanted a comprehensive look at what I do to get some ideas for how they can practice financial minimalism too. Let’s dive in.
I go into everything including what I spend on subscription services, business expenses, rent, phone bills, internet, utilities, rental insurance, loan payments, food, discretionary spending such as clothing, haircuts, alcohol, and much more.
As I go through all of this, I will explain what I spend, how I save, and my reasoning behind it all. I think it’s important to dive into all of this and keep yourself accountable. I highly recommend everyone keep a budget and find creative ways to save money and practice financial minimalism. While I take it to somewhat of an extreme, I also enjoy myself occasionally and don’t recommend you sacrifice everything, but I do think most people can do a little bit more than they are already. A few luxuries and vices here and there are fine in moderation.
How do you save? Do you keep a budget? What are some things you do to practice financial minimalism? Let me know what you think about this in the comments below and don’t forget to subscribe!
One need to plan how to spend and also earn at the same time he needs to budget everything