hey guys thanks for tuning in today in
today's video I'm going to be talking
about the spending stratigies my wife and
I used to save a lot of money every
single month compared to national
average numbers now I don't want these
videos to go too long but I also want to
have enough detail so they're meaningful
for you guys so what I'm going to do is
I'm going to break this into a couple
different videos or create a series and
then we'll take it up through there but
if you're here to save money if you're
here to find ways to tighten your budget
and keep more of the money you make
every single month this video is for you
so stay tuned
I am MK the cpa and along with my
sidekick chipper as you guys know on
this channel we teach you things that
you were not taught in school such a
personal finances investing taxes and so
much more these are videos that are
going to help you save time money and
frustration of you trying to figure this
out all on your own so if you're new
this channel please consider subscribing
because we make new videos for you guys
every single week alright guys as we
dive into the video the first thing I
want you to know just for full
transparency purposes is that the
national average is I'm going to be
discussing in this video relate to
numbers and articles I found online
that's is where I'm pulling the detail
now the only reason I'm pulling that
detail is so we have something to
compare what we're saying we're saving
versus what the natural national
averages are and just so you guys know
getting ahead financially it does take
sacrifice nothing you will ever want in
life does not come without some sort of
sacrifice I don't care what the TV says
I don't care who says what but hard work
and discipline is involved if you want
to be successful in anything that's
especially true in finances but the tip
I'm sharing with you are all things i
truly my wife and i truly do every
single month to save as much money as
possible currently we're saving fifty
two percent of our net take-home income
i'm excited to be sharing information in
this video because i really think if you
take this information and go back and
study your expenses I think you're going
to find ways where you could be maybe
save me more of your net monthly cash
flow let's go ahead and dive right into
it alright guys the first day I really
want to talk to you guys about this
saving money on your smartphone now this
is my phone it's the iphone 5s I know
it's yeah I notice it's not the seven
it's not the success it's not the
Samsung Galaxy whatever phone there on
now I have no idea and I purposely I
really don't care but this is the iphone
5s it only has 16 gigabytes of memory I
do not get the expanded member
on my phone now what we do is we do not
my wife and I do not chase new cell
phones down it is so expensive and it's
a complete waste of money in my personal
opinion I agree that cell phones are
phenomenal I totally agree with you but
by always going after one of the oldest
models of phone you can save a lot of
money and the phone is still fantastic
the technology is so good that sure
maybe the other camera is a little bit
better but really there's nothing
life-changing about it from what I found
now the average cell phone bill
currently in the US for the smartphone
ranges can range from forty dollars a
month up to a hundred and sixty dollars
a month these are real numbers I've done
my research and those are the numbers so
my phone bill has never exceeded seventy
dollars a month so compared to the
national average that's a thirty dollar
savings per month right there now I try
to hold on these phones as long as
possible so in two months my I just
checked with my phone store or my phone
carrier this phone is going to be
completely paid off and my cell phone
bill is going to drop from seventy
dollars a month down to forty five
dollars a month and I do not plan to
purchase a new phone if the battery is
going to get faulty on me I'm actually
going to try and let me know if you guys
have done this but because I've never
tried it yet but I'm going to see if I
can purchase a battery online and
install it myself because I would really
like to keep this thing going as long as
possible and notice I do have this
otterbox case on the phone and it is was
worth every penny the otterbox case was
I think we're like 30 or 40 bucks but it
has saved my phone more times than I can
even speak about and so I've never
broken a smartphone because this all in
all I don't have to buy cell phone
insurance or anything like that so after
this phone drops to forty five dollars a
month I will be saving about fifty five
dollars a month on average compared to
the national average so be smart about
you're spending on your smart phone
number two landline I do not now most of
I think most Millennials aren't going to
get a landline but
no if you're watching this you have a
home phone I don't have we don't have
one and the average home phone landline
costs between fifteen to thirty dollars
a month and I just don't see a need for
it my mom has one and I finally
convinced her to get rid of it and just
get a cell phone because every time with
everything being connected to the
Internet the TV the phone etc etc well
when her internet service goes down I
can't call her and so she's realized at
this point that the landline is
completely useless and so we're going to
get her a cell phone so by cutting the
landline like I said we're saving
fifteen to thirty dollars a month on
average alright continuing with saving
money on phones and phone related things
let's talk about number three which is
we do not do unlimited plans if any kind
there's unlimited plans four carwashes
on limited plan for golfing there's
unlimited plans for data uses on cell
phones I think the data usage plans on a
cell phone are a great example I have
never paid for an unlimited plan they
can be very pricey and I do have
internet that I purchased for my own
home but what I found by cracking your
usage and I think if you track your own
usage to you might find this for
yourself but due to the nature of my
life and my work I'm pretty much always
around Wi-Fi internet so on average i
have actually i did over three months i
looked at my data use it's on my phone i
was using less than 1 gigabyte per month
and so there was totally no need for me
to ever get an unlimited plan it was a
complete waste of money and by avoiding
that unlimited plan we're able to save
at least twenty five fifty dollars a
month depending upon the phone carrier
let's talk about number four see this my
wife and i do not purchase alcohol the
average person in America can easily
spend twenty to sixty dollars a month on
alcoholic beverages and the worst part
about spending all this money on alcohol
is the product life cycle is only last
until you're Nick's into the next
morning so it's not going to stay with
you very long number five home cooked
meals how we save a lot of money and I
know
this is a really common one but it's so
true now for my research online I found
that the average American our average
person is spending 232 dollars a month
on average eating Mills out and I don't
know if you guys knew this because I
didn't but the average person spends 18
it goes out 18 to 20 times per month so
it can really add up fast by key food
has gotten so expensive especially as
minimum wage increases keep increasing
that restaurant like McDonald's or even
subway it can really add up quick so
even it can be five to ten dollars per
mill and if you go to a sit-down dining
establishment it can easily be ten to
twenty dollars or more per a mill
especially once you add the tip now I do
go out sometimes I'm not going to say
don't but really guys you can save a
tremendous tremendous amount of money
just by cooking more for yourself and
this eating food that you buy from the
store so with statistics like that you
could easily see how a person could
spend a couple hundred dollars per month
just eating out and food is one of the
most crucial and most expensive parts of
the average person's budget currently I
spend between sixty to eighty dollars a
month or we spend between sixty to
eighty dollars per month eating out and
compared to a 232 dollar national
average that's a net monthly cash flow
savings of 150 to 170 dollars per month
that we save just by cooking at home
number six we cut the cable so now what
we do is we just use hulu hulu plus and
netflix and you guys can use the same
thing or any other combination of those
streaming services that you want and by
doing that we're we're only spending
twenty dollars a month compared to the
sixty dollars we use has been so that's
an easy net saving the forty dollars per
month that we get to keep instead of
giving it to those cable company all
right number seven let's talk about
clothing clothing everybody loves
clothing well a lot of you guys do but
the average person according to forbes
the average person in america
one hundred and forty dollars per month
on clothing ouch so the trick are the
thing that my wife and I do is we make
sure if we're buying clothes we never
ever pay full price there's no reason to
there are so many freaking clothing
stores you do not have to pay full price
and you're just acting on intelligently
if you do so I encourage you not to pay
full price now we do have a lot of
brand-name clothes now wife does
purchase things I express but she always
pulling from the clearance rack and I I
really don't do big big name brand
clothes myself I used to have the fear
that if I didn't purchase really nice
clothes it was going to hurt me in my
career that was completely fault if you
still dress professional dress nice act
professional and do good work you can
still get ahead even though your shirt
doesn't cost if you buck even though
your pants don't cost a hundred bucks
even though your shoes don't cost to a
hundred or two hundred dollars you can
still get ahead still get promotions so
the whole thing about clothing yes it's
important but you can still look for a
dress professional for less money just
really look into where you're purchasing
clothes so we we shop at places like TJ
maxx Ross everyone smile will purchase
things online some of my shirts i get
from target some of my shirts i get from
JC Penney's so clothing is a big one and
just remember you can save a lot of
money in that particular area if you try
alright let's get some numbers chipper
do you have the totals for us on the
savings right away sir by implementing
these seven strategies we discussed in
this very video my wife and I are able
to save 380 up to five hundred and
twenty-five dollars compared to national
averages on these expense categories
dominating but I just want you guys to
know what I would recommend doing is
make a budget if you don't know how to
make one I'm be making a video on that
very very soon look at your budget track
your spending habits track how much you
use services like data and cell phone
usage etc and you can start to find ways
and think of ways where you can save
even more money every
months because it takes sacrifice to get
ahead financially but trust me the
stress free life of not having to worry
about money is so so good alright guys
i'm gonna start wrapping up the video
here if you have any comments or
questions about anything we've discussed
today please leave it in the comment
section down below and if you're saying
Mike you're spending way too much
freakin money on the thing Judas
mentioned you big dumb dumb well let me
know I want to be saving as much as
possible just like you guys so please
leave your suggestions on how you save
money and ways that you get ahead for
you and your family it would be awesome
to share it we can all learn from each
other and that's what that's why i love
youtube and what youtube can become it's
a great community where we can share
information for free to help each other
out now if you like the video please do
not forget to hit that like button
before you leave especially if you
learned even one new thing today because
these videos I make for you guys are
really meant to help you get further and
farther ahead in your life by watching
by you spending time watching these
videos if you're new to this channel
please do not forget to subscribe over
here and down below and in description
below I'll leave a couple of videos on
taxes and other financial subjects on
some of the other videos I've done so
make sure to check them out and with
that being said chipper and I will see
you in the next video I hope you guys
have a fantastic week and I really just
encourage you take this information and
use it to live your life on caged by
everybody see you next week
you
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