Stop Buying These 5 Things In 2024

TL;DR

Learn five areas where you can save money in 2020 and improve your financial situation.

Transcript

• How's it going today guys? Welcome back to the channel. Hope you're having a great day so far. So in this video today, we are going to be talking about five things that you should stop buying or stop spending money on in 2020. So we're coming up on the new year here and a lot of people tend to set New Year's resolutions around spending less money... Read More

Key Insights

• 🤑 Many people fail to stick to their New Year's resolutions of saving money, but by cutting certain expenses, significant progress can be made.
• 🤑 Quitting smoking or vaping not only benefits your health but also saves a considerable amount of money.
• 🚠 Cable TV subscriptions are expensive, and alternative streaming options offer more flexibility and cost savings.
• 🏨 Airbnb can provide cost savings, desirable locations, and added amenities compared to hotels.
• 🎓 Consider alternative education paths instead of automatically pursuing a four-year private college education to minimize student loan debt.
• 💦 Bottled water is an unnecessary expense that costs much more than tap water or using a water filter, and it also contributes to environmental waste.

Questions & Answers

Q: How much money can you save by quitting smoking or vaping?

By quitting smoking or vaping, you can save up to $1,000 per year if you use a Juul and over $5,000 per year if you smoke cigarettes.

Q: Is it worth having a cable TV subscription?

Cable TV subscriptions are expensive, with an average monthly cost of $217.42. Cut the cord and explore cheaper streaming options like YouTube, Netflix, Hulu, or Amazon Prime to save money and maximize your time.

Q: Can Airbnb be a reliable and cost-effective alternative to hotels?

Yes, Airbnb can be a great option when traveling. It often offers more desirable locations, added amenities, and cost savings compared to hotels. With a robust review system in place, concerns about safety are generally overblown.

Q: Should I automatically go for a four-year private college education?

While college can be valuable, consider other options before committing to a four-year private education that often comes with a hefty price tag. High-paying jobs are available in various fields that don't require such expensive education, such as trades or the healthcare industry.

Q: How much money can I save by switching from bottled water to tap water or a water filter?

The cost of bottled water is 300 times higher than tap water. By using tap water or a pitcher filter like Brita, you can save over $200 per year and generate less plastic waste.

Summary & Key Takeaways

• Quit spending money on vaping or smoking, as it is not only detrimental to your health but also expensive.

• Cut your cable TV subscription and take advantage of cheaper streaming options like YouTube, Netflix, Hulu, or Amazon Prime.

• Consider using Airbnb instead of expensive hotels to save money on accommodation during trips.

• Think twice before enrolling in a four-year private college education, as there are other options available that can lead to well-paying jobs without extensive student loan debt.

• Stop buying bottled water and switch to tap water or a pitcher filter like Brita to save money and reduce environmental waste.