11 Shocking Money Saving Tips You Won't Hear Anywhere Else in 2023 | Summary and Q&A

TL;DR

Learn unconventional ways to save money, including collaborative saving, moving closer to work, intermittent fasting, and taking advantage of freebies and credit card deals.

Key Insights

• 👋 Collaborative saving provides accountability and support for maintaining good financial health.
• 😚 Moving closer to work reduces car-related expenses and allows for healthier alternatives like walking or biking.
• 🤑 Intermittent fasting can save money on meal expenses while potentially providing health benefits.
• 🉐 Taking advantage of freebies, discounts, and referrals can help save money on purchases and gain rewards.
• 💳 Smart credit card usage with attractive deals can lead to substantial savings.
• ❓ Utilizing someone else's Costco membership can offer savings on bulk purchases.
• ☕ Coffee subscriptions can save money for coffee lovers.
• 🗺️ Driving instead of flying can be a cheaper alternative for certain travel situations.
• 😅 Bringing your own food reduces the need to eat out, saving money in the long run.
• 🖐️ Using phone plans for internet services or seeking out free Wi-Fi spots can lower internet expenses.

Transcript

it's likely that some of you watching Finance videos have been hearing the same tips frequently and while they're very useful tips for beginners some people who are more proficient might be looking for something that's why in today's video I'm going to share 11 shocking money-saving tips that you won't hear anywhere else number one make saving coll... Read More

Questions & Answers

Q: How does collaborative saving make saving money easier?

Collaborative saving involves having someone else to hold you accountable and talk about your savings journey, making it more enjoyable and motivating. They can provide support during tough times and help you stay on track.

Q: Can intermittent fasting really save you money?

Yes, intermittent fasting can save you money by cutting out meals. Skipping breakfast, for example, can save you up to $1,277 a year if you usually spend around $3.50 on that meal. However, it is essential to consult a doctor before trying intermittent fasting to ensure good health.

Q: How can I save money at Costco without a membership?

If you know someone with a Costco membership, you can ask them to purchase a gift card for you. You can use this gift card to buy bulk items like toilet paper for cheaper prices than retail stores.

Q: How can driving save me money instead of flying?

Driving can be a more cost-effective option for last-minute trips or when flights are canceled. Although it may be a long drive, it can save you a significant amount of money compared to monumental airfare costs.

Summary & Key Takeaways

• Collaborative saving makes saving money easier and more fun when you have someone to hold you accountable and talk to about your savings journey.

• Moving closer to work can save you money on car maintenance and gas. Walking or biking to work is another cost-effective option.

• Intermittent fasting can save you money by skipping meals, potentially saving up to $1,277 a year.

• Take advantage of freebies, discounts, and referral systems offered by websites and stores to save money.

• Credit cards offer short-term deals such as cashback and points, providing significant savings if used responsibly.

• Utilize someone else's Costco membership to save on bulk item purchases.

• Subscription coffee services can help you save money if you're a regular coffee drinker.

• Driving instead of flying can be a cheaper alternative for last-minute trips or when flights are canceled.

• Bringing your own food when going out can save you money on pricey restaurant meals.

• Consider using your phone for internet services instead of paying for a separate Wi-Fi plan.

• Paying your mortgage bi-weekly instead of monthly can save you thousands of dollars in interest payments.