How do we avoid getting budget burnout? We focus our attention on the things we DO care about, more than the things we DON’T. It’s not a perfect system if you struggle with spending, but so far it’s worked for us!
I’ve been asked the question: “do I need to ask Mike for permission to make purchases?” In this video I discuss whether it’s important to talk to your spouse about every single purchase they make. Ultimately, we might have uncovered a much bigger idea to discuss another day.
When people ask “how much I need to retire comfortably”, most of the time they imagine traveling the world, staying in fancy hotels and golfing at the most luxurious resorts.
The question we’re asking is, are you willing to trade your freedom for that level of comfort?
Rather than save 1-5 million dollars for a “comfortable retirement” we are shooting for financial freedom. From there we can decide what truly makes us happy instead of trading the next 50 years for a a little luxury.
If you’re just getting started budgeting, here are 9 simple ways you can get started saving money.
1. Make coffee at home (we cold brew).
2. Buy generic medicine and food.
3. Borrow eBooks from the library.
4. Downgrade your internet speed.
5. “Pre-game” before going out to bars.
6. Sell one item on craigslist, right this minute.
7. Don’t speed (fuel economy and tickets)
8. Make your own household cleaners.
9. Shop the perimeter of the grocery store.
Have any more tips to share? Leave a comment below!