How to Start Spending Less and Saving More

How to Start Spending Less and Saving More

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On, today's, show we're talking about common things that people are overspending, on and don't even realize it like. This little guy we all have one of these but, you know how much this thing is actually costing. Well. Hey you guys I am, so excited about, today's show you, know that, my message in my heart is all about getting you guys on a budget being, intentional, with your money getting out of debt saving up for an emergency fund investing, in for the future all the above right like really big things but. What we have to stop and realize is, that in order to make those big things happen the decisions, we make day-to-day can, really affect our outcome and, so the small decisions that, we probably, sometimes. Waste money on mm-hmm. Can affect the outcome like it's crazy how many small things that we just waste, money on that we don't even realize I, was, even, just doing our every dollar budget last month and I have this line not up for subscriptions, and like, we'll put our Netflix subscription in there and all this and I'm paying, $2.99. $2.99. For iCloud that. I don't even use like I haven't used these as iCloud for my pictures in like six months like I transferred, to Dropbox, I don't use it and I'm, not canceled it in every month when Suns like paint you need to cancel it like it's $2.99. That we don't we're not using I'm like I know I know I haven't, gotten around to it and I realized oh that, $2 even though it's just three bucks a month little. Things like that over time they really do add up and like let's not even talk about Amazon I mean, I, love. Technology like I really do like our iPhones, and how convenient, everything is it's great I bought travel, contact, solution just yesterday on Amazon it's wonderful I'd love to go Target go I can just go in Amazon but, we, have to be careful cuz we can get lost in the blackhole of technology, and think, oh it's just not that big of a deal but, again those little purchases, really, add up, and that. Made me think of the most recent money mistake that I made. Alright, let me take you back to January. 2018, I. Was. Making my new year's resolutions, like everyone. An American, does I said. You know what I'm going, to start. Working out again I'm, gonna start you know really, I. Was. Actually honestly just feeling so like Oh Caroline. Was like 6 months old I was so tired every time in the monitor she would cry in the mornings I was like dragging, myself out of bed I was like I just I need I need to be energized, and I remember when I used to work out I'm like oh I had so much energy I was up before I am and I drink coffee you know we're done I was like this is great so. I decided, I'm going to start that I'm gonna I'm gonna get up I'm gonna start working out and so this, blogger I follow was, talking about this app, or.

She Looked great she had all this energy you know I was like I need what you have she. Keeps talking about this dang app and I was like this is this is gonna solve my problem I just need this app well. I went, to purchase this app and it. Said that you get a better deal if you buy like a year-long, membership, versus. Paying for the app months month and you know me I don't think good deal I saw saving money and I thought well that's smart sure, why not so. I clicked on it thinking, in my head that, I was gonna pay a smaller, fee. Months. A month I did. Not realize that it was going to charge me the whole thing right. Then so. I go about my day you know thinking, about you know all the, all. The workouts that this app that I bought not, knowing that you can have free apps that give you this information but. I'll like I'm gonna be so great and so happy and so and, you're energized, well our, iTunes bill. Came through the email and, Winston was like, who. Spent a hundred, and thirty, one dollars in. Nine. Cents. But. That's. Crazy, who did I don't know. And. I looked and. Saw, it was that dang app that I bought and this is in February you know like Oh aunt, realize it's gonna charge, me the whole thing was. Like I mean, it's fine like are you using it. No. I wasn't I opened. That up about two times and. I didn't use it guys. Guys. Read. The, Terms of agreements. I tried to cancel the app no. Go definitely no go so. The app is still on my phone, haunts, me to this day, just, the conviction. And like tears. Through that iPhone every time I open it man. And am I still working out. So. The little things was a bad cycle. Dollars. A lot, of money gone. Cuz I didn't. Read the fine print small. Decisions can, affect your future I could have been a dank. Date night that went out on but. I know I'm not the only one, and that is wasted money or over spent some money so my team and I decided to go out on the streets and figure out what. You guys are over spending and wasting, your money on, yes. I definitely pay for subscriptions, I don't use I was paying for Hulu, after, at the free trial I was paying for tips be and I wasn't using it when it business, yeah. Okay. Subscription. Is, such. A great, way to save, money is to go in. And cancel, your memberships, or subscriptions, that you're not using, now. Some, places are going to pressure you into like, giving you a great deal not to cancel or they're gonna bug you to say signed up but don't fall, for it okay don't fall for it cancel. Those subscriptions, and save that money and something else that you may not realize you're, over spending money on is insurance. Specifically. For, insurance do. Not know what, my car insurance, I. Have. No clue what my insurance premium is I don't. Know what my car insurance premium, is it's automatically, dropped it out of my account I've, never shopped for better. Insurance rates it is what it is like I just have, it. I, have. Never shopped for car, insurance, premiums. Or you, know like, prices compared, or anything the last time I shop for better, insurance, we're supposed to last Tuesday, after never. Tuesday. After never I can. Appreciate that yes, see a lot, of people maybe even you are spending more on insurance, than you need to because listen it's so normal just to set it and just, pay it so, I don't want you to settle for just the same rate every year really shop, around you guys and get the best rate I actually have a list of recommended pros on my website they'll, work right besides you to get you the best rates, and coverage, to fit your family's needs every year I mean some people I know I've saved up to thousands, of dollars doing, this so make sure to check it out and, something else that we waste money on overdraft. Fees some. Of you, guilty. As charged. Yes. I've overdrawn, my thing overdraft. My account that I've over John, $300. I remember, once I over, to a thousand. Bucks, overdraft. Fee's guilty. Is charged as well yes, back, in the day one, of my famous stories, is that I wrote checks, back in there we can write checks and bounce like three checks and overdraft it, was just terrible so I know the feeling but listen if you get it under control, you.

Don't Have to be like the average person that pays, 225, dollars a year in overdraft, fees I, don't, do it don't do it stick, to a budget and, use every dollar I know talk about every dollar all the time on here but seriously get on a budget because this is gonna help you give every, single dollar a name you, know where all of your money's going, so you're not having to depend on just oh I hope that I don't overdrive, no no you're keeping up with everything and those of you that aren't used to budgeting or overdraft. A lot use the envelope, system I always like to say the clip system where, you go and you take categories, and your budget that you tend to overspend on so for a lot of people that's like groceries. That's. Restaurants. That's closed any, place, that you overspend on cash out the category, and, say okay I'm gonna spend X amount this month on groceries cash that out and get an envelope and write food on the front and stick that money in there or get a clip and clip that money together so, you know this is just my money from food and this really, really will help you not only see on budget but, not to have those messy overdraft, fees you're wasting two hundred and twenty-five dollars on a year on average no. No. Something else we usually waste money on it's, our cell phones mmm. Love-hate relationship with the cell phone but it is true a lot, of us overspend, on our cell phones, ah the. One thing I do go over on my cell phone bill is the data, charges yes. I go over on my data I do go over I go over my data I used, to go over on my cell phone bill whenever I had a, restricted, data plan Oh. Cell. Phones we're. Spending is so easy okay a couple of things to help you not, overspend, on your cell phone number one look at your cell phone bill it's amazing, when you look at all the itemized things you may see but, they charge me like four extra fees here you can call get your money back and actually, looking at your bill be, like these people over here we're like oh I'm, overspending. On my data so much and they're charging me all of this maybe I should switch plans all together and, get unlimited data versus. Not and looking, at it all but looking at your bill is also. Something that you can do is actually get on a family, plan with. Your friends that's, right me, Familia me, amigos we're, all one right now, if you do this you, have to make sure that they are friends that you trust and that are spots okay don't go get all your friends that are crazy with their money yeah, let's just share a cellphone plan and, then you end up spending more money and enough responsible. Friends only if you want to do it and last but not least a way not to overspend, is don't always feel like you have to have the, brand-new cell phone okay, love. Your cell phone not theirs, cell phone MV is a real thing and certain companies like launched their Big Canoe phone like, oh I see. And yes does it have a better camera sure. It's have a better screen yeah have a better operating, system sure, don't. Know what an operating, system really is but sure, but it's better right I think I'm better it's a better phone I get it but if you don't have the money don't buy it so, the bottom line is if, the budget doesn't allow it don't. Buy, it. Guys. Let's, be real being, a parent is hard work. Now. That I have two daughters of my own it feels like the to-do list never ends and if every parent knows your, priorities, changed, and you have to make important, decisions for your child's future that's why term life insurance is, a must for. Every parent it's. So easy to get and it's affordable, what, you're looking for is 10 to 12 times your annual income to, make sure everyone, and your family is taken care of Winston, and I use Xander insurance, they do all the work for you to find the best prices and options so go to Xander comm to get started on a quote today because, that's who we trust to take care of our family. You. For. All you shoppers, on the go here are a few shopping. Tips that you need to have I figured I'd start here at the grocery store because it's the biggest budget Buster that we have guys, we talked about this a million times so, number one when you're grocery shopping, make, a list, and stick to it and if you go to places like Kroger, here you can actually use Kroger click lists it's great cuz you make your list online you can see your total and it's usually worth the small fee for them to shop for you it's fantastic, number two making, it easy is great because on average a recent study shows that you spend two dollars and 71, cents every minute, you're, in the store so, get in and get out and number, three make, dinner simple, you guys it's summer who has time to cook a big meal anyways so do a BLT a salad, or breakfast for dinner make it easy and another, shopping tip on the go is for all you target, lovers out there yes, I'm here at my mother's show okay number, one is to make sure to get the cartwheel, app this is like a whole new way of couponing, you can see the great deals going on at Target and number two get the target red cards this is not a credit, card it is target's, debit, card and it's, amazing, my sweet mother actually is so scared to get this because she thinks it's a credit card and it's not it's a debit card and you get five percent off and free, shipping which, we all love go, into Target and only, get what, you need.

Only. Get what you need okay it's a black hole of goodness we all know that you go in for mascara and you end up spending like 150, bucks okay so just make sure you go in and get exactly what you need and these, tips really can be for any store because, there's a lot of stores out there that, feel like a black hole we, want to have fun this summer so, number, one date. Nights you, can do this really inexpensively. Once tonight we love going to happy hour because everything's half off from the appetizers, at all or you can even go to Sam's, or Costco if you think ahead of time and you can actually get gift cards cheap, for, restaurants. It's amazing, or even just go get dessert somewhere, but you can get out together and, expensively, number, two your local library, it, has air conditioning. Is amazing, a relief, from the hot summer, weather but, also you can rip more than just library books you can do movies the whole experience, and last. But not least your local, drive-in ok, it's, not really local where I live so, you have to drive like an hour but you guys this is so fun you get to watch a movie even two movies for the price of one and the food there is usually really cheap so, you get this whole experience of a drive-in it's like you're going back in time wonderful. And those are my summer, money-saving, tips on the go so let's head back to the studio. Another. Place that people are losing money that you may not even think about is, when it comes to your mortgage yes, people it's so normal just to get a 30-year, mortgage and, go, about your day and not even think about it do, you know how much money you're wasting when it comes to payments, and interest and all of that versus, getting a 15 year so. What I did is I went into my Facebook group and I asked some of you questions, and at my YouTube community because, I wanted to test your smarts when it comes to, paying your house off early, and it's, very interesting so according, to the Census Bureau the average, mortgage payment, is 1030. Dollars now if you invested, that money instead of paying it to the bank how, much could you have in 15 years. Oh, interesting. 34%. Of you got it right the correct answer is four. Hundred and seventy five thousand. Dollars. Let's. Half a million dollars, you guys you have a mortgage payment and you invested, that half-boy. Darzee amazing. All, right next question is if you, had a 30-year, mortgage but, made one extra, mortgage payment every three months how, much earlier could. You have a paper house all, right this one was a little bit trickier but most, of you thought the answer was five. Years but it's actually 11, years. 11. Years that's. The difference looking, like this when, you have a paid for house we're, looking like. If paying an extra, full mortgage payment doesn't work in your budget then just simply switch to paying half, of your mortgage bill every.

Two Weeks instead of just once a month and you could still pay, off your home eight years faster, crazy. All, right final question is the, average price, of a home in America is two. Hundred and sixty eight thousand, five hundred dollars now. If you had a fifteen, year instead. Of a thirty year mortgage at, the current interest rate that's four point five percent which. Of these things could you buy with the money that you would have saved a, a. Designer, handbag, every, six months for thirty years. Be. A nice beach vacation, for your family, for the next 30, years or. See, a water, jetpack, let's. See Oh everyone. Got this one right yep. The answer is any of these yes. If you just got a fifteen year instead, of a thirty year you would have saved a hundred and twenty thousand. Dollars amazing. And I actually got a couple of other funny responses, when it comes to this one, of you said probably as big as any rental property, or a, lot, of shoes I'm kidding. Someone. Else said in early, retirement, yep, that's, what I'm talking about, amazing, and you know what if your mortgage is stressing you out there, is no shame in considering, just downgrading, or even selling your home the, cash you can make could really set you up for success in the long term and, if, you use one of our trusted professionals, that I recommend, you could get almost. $5,000. More at closing than. With another agent, so remember once you own your home you guys you, have a paid-for house and it's now an asset, that's 100%, yours. And that really contributes, to your net worth you're, no longer paying the bank you are paying you and your future now if you want to find out what your 15-year payment would be we've, got a free and easy to use mortgage, calculator, so make sure to click the link below. We've. Been talking about speaking your 30-year mortgage down to a 15 and some of you are thinking, that's impossible Rachel. And I'm here to tell you anything's, possible if. You believe you guys so. I brought, in Cole here, to, share her story because she did this she's like a true life example, of going from a 30-year to a 15-year mortgage and you did it didn't you yes and I like to point out to you got, a little Bob baby. Bob yes, we. Like babies okay, how far along are you 36, weeks 36 is your first yes first. First first little, one yes so fun which, makes this whole story I think even better because, existing.

Experience, A 15 year mortgage, house. Okay, so talk, to me about your, home buying process when, was it that you first bought your home what was your situation were. You single, married tell me everything I purchased. My home in August of 2005, okay, I closed. On my house two weeks before I graduate from college had. Roommates who helped I'm I'll be my mortgage and everything so. What made you buy a house in college I'm curious I didn't, want to rent and that. You know how to down payment they are sitting there because, I worked full-time the entire time I was in college and just. Kind of wanted that freedom mm-hmm. Away from home, away from renting. And, you. Had money saved up for a down payment all right so what percentage how much did you have down kinda five but you said okay I'm 22 gonna. Buy a house so you bought the house and, you, put it on a thirty, it was a thirty-year thirty-year okay and so, tell me about the, time when you looked up and you said oh I, want to do something different I really, want to refinance and change to a 15-year after. The, real estate market crashed and, all the interest, rates went down so significantly, everybody. Was refinance. Your interest, rate will drop refinance. So, I thought, okay. Why not looked, into it and said hey you know what can I get just, settle over right you just said well we, can do a 15 at, 2.3. Or 2.5. 2.5. Percent. Interest not 15-year what was your 30-year my, 30-year was right at 7 percent so, almost. 5%. Difference you guys in interest I mean that's amazing it really is and that may not be the case for everyone but you guys if you do refinance, your 15-year mortgage, have a lower interest rate than your 30 maybe, not 5% that's a big right that's. So. Great exactly, so, we, went. Through the process and, she. Said you know your payment's gonna be less and. We're. Gonna escrow, your taxes and insurance that, way you don't have to worry about paying those so, having that escrow accounts like a third party holding some of that and that yes you know that so the, first seven years that I lived there yeah I was having to pay the, higher mortgage.

Payment, That. None of it was going to principal plus. The insurance plus. The taxes, on yes and now I'm going to a lower payment and. All of its together so once you got that 15 year you. Were, so motivated right I mean you realize that I can pay this I can pay this quickly especially since the payment was lower than your third year which may not happen again but silk I mean it's part of the story which is just amazing even if it's a little more you're paying a lot less in interest over the time if I had paid it just, the payment over the 30 years my. House that I paid when I think, 116, four would, have cost two hundred and forty something thousand, dollars I paid it up off in, one. Hundred and twenty, four thousand, I think I, made, it all teen you don't. Catch that you guys you, what, yes. Paid my, house off paid my mortgage off you have no, payments. At all no pay and how old are you I'm 35, 35. Years old you guys that's, I mean Sears that's amazing at 22 mm-hmm, 30 year if you just stuck with it you would've been 52 years old when. Your house was paid for but not only did you refinance you, know Lori I just try to get a lower payment but you kept paying aggressively. On it, you, paid it off by, the time you were you're held again 35. Well Cole thank you so much for sharing your story seriously, it's so inspiring you guys because it's like okay you, can do this you can go, refinance. Your house get it down to that 15-year mortgage and just. Like what Cole was saying you get 15, you're like well would if I pay it off sooner and you keep being aggressive pay, it off where you have zero, payments in your house is yours so I hope, you guys are motivated by cool stories I think it's absolutely amazing in such a Testaments, that you can do this if you decide to so, absolutely, Congrats girl thank you so much that's awesome so. All. Right it's. Time the. Best part of the show we, get to celebrate you all and, what you're saving up money for it is time for she. Works hard Savin, money bara. P said we bought a second vehicle with cash this weekend my husband and I have been saving in a sinking fund for quite some time and it was an incredible, feeling to pay cash for a vehicle. RP. Amazing, an FYI, a sinking, fund just means that you're saving a little bit of money each month in a fund to, pay for something big like, a vehicle, like law repeated, well, done girl, Ashley. Said in high school dave ramsey inspired, me to get through college with no debt it took a lot of work but i did, it this. Is more exciting to me than the actual graduation, that's. Awesome. Debt-free. Live. In it's great Barbie. Said, we just came back from our holiday in South Spain, for. Aviv I guess we're on baby steps tix and really there is no better way to, send when, you can free your mind of it all including, financial, stress amen. We. Have a huge, travel bucket, and thus can spend it without any guilt, on all the great things out there if. You're not there yet, hang, in there the struggle is real but. It is worth it yes, it is Arby's oh good, okay so she said that they're on baby step six which means they, are completely, debt free they, have a fully funded emergency fund, three to six months of expenses and now, they're saving fifteen, percent of their income into retirement they're funding their kids college and they're paying their house off early they're doing all of those things and going to Espana. That's amazing well, done well done so, you guys I want you to keep sharing, all of the things that you are saving up for or have saved for and make sure to use the hashtag, she, works hard saving, money and make sure to join our Facebook community for, some great money-saving.

Tips There, so. Thanks so much for watching at this episode and, I want to thank Cole for coming in and sharing her story and, don't forget to subscribe because, you definitely don't want to miss next episode, we're all about staying on budget this, summer and remember. To take control of your money and create, a life you love.

2018-06-22 15:04

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In this episode, we discuss the sneaky ways money might be slipping through your fingers and what you can do to slow the spending and really start saving. Get the tools and tips featured in this episode:

I spend money on junk food! I can't help it.... food just tastes good.

Rachel Cruze - how is a Target red card not a credit card? It works like a credit card... you can spend more than you should with one swipe!??

Living debt free!!! Always love the show! I’m finding myself needing the shirt that you wore in the outside segment. Where can I purchase?

That Zander plug was hilarious lol just walking through the house ... Did you just decide to do that on the spot ?

Great show!!!

We just sold our first home and purchased our dream home. We wanted to do a 15 year mortgage but the monthly payment was hundreds dollars more. It was going to make things to tight. So I will continue to make half a payment every two weeks.

Lol oh no that app. I feel ya.

racheal credit cards how do they calculate the interest rate that appear on credit card statement ? Andy and Sharon

Our mortgage is a 30 yr at 3.85%. We looked into a 15 but the rate was gonna be almost 5%. So we didn’t do it.

Stephanie Bogart keep your 30 year and pay it off like a 15 year

We got on StraightTalk on all our phones. $49.17 total each phone and we have had 10Gs each at high speeds and if we go over, it slows down but never cuts off or charges extra. No coverage issues either

#sheworkshardsavingmoney - I paid for 5 summer camps for my 4 kids this summer with a summer camp sinking fund while kids were in school. They get to enjoy the summer and I get no guilt.

Just use the exercise app and at least get some good from it. Lol

Start using the app girl! Then it wont feel like such a waste of money.

I got into an argument with someone over financing cell phones. Whether you pay outright or finance, you are still paying the same amount. It just looks less painful when it's a payment vs. $800 up front, but it's really the same. I got an iPhone 6 for $200 last week with AT&T's prepaid plan $45 a month, unlimited talk and text and limited data, but enough for me, since I have WiFi at home.

You said "That could have been a dank date" hahahhaa I'm dead right now lol lol!!! Great episode!!!

Jessi Winner I have never heard that before and had to Google it. Lol

Hard core cash to take to Target. With RedCard and anything else will Get you to spend more. Rachel, you've got to start promoting plastic

Rachel, I’m super curious what you and Dave think of this— you recommended for people to get on a phone plan with friends to save money, Dave says to get a roommate for an apartment if needed... my question is: aren’t these as bad as co-signing for a loan? In all of these cases, you’re binding yourself to a legal agreement to pay the full amount of something if the other person doesn’t follow through. Can you clarify why sharing a family phone plan/getting a roommate vs. co-signing a loan are not the same?

For example, in college, one of my roommates didn’t pay her rent on time and we ALL were on the hook to pay $900 in late fees because of it. Fortunately for us, she ended up paying the fee, but if she hadn’t, we would have had to.

Seriously when you said “you know me”, people really don’t know you.

Lol yup Rachel I'm right there with u lolololol. Thanks for the tips

24 hour fitness

2.5% interest? Paying that off was not the right move financially.

And you're leaving out risk. If you lose your job and your house is paid for, you won't lose your house.

Why? Because you can take a tax deduction? So you pay for example $4000 in interest to take a $1000 tax credit? That doesn't sound too smart.

The Target "Red Card" is a credit card. It says "debt" but I have over $5000 credit. So, therefore, it is a credit card.

BLANSTAR21 Target has two kinds of red cards. One is a credit card. And the other is a debit card that is linked to your bank account, with no credit involved

I am so thankful to God for you and your dad, you are guys doing an amazing job with teaching and sharing great information! Been listening Dave Ramsey shows almost every day, since I came to USA 15 years ago, with 2 reasons: to learn English and to get some wisdom from wise man. As a result of all this:1)got my education with no school loan 2)paid off our house in 2.5 years. Yes, 2 and a half!!! By working hard and following Ramsey Familly advices! Currently our house worth of $400.000 Thank you and your dad for helping us be debt free!!!

Who is Rachel Cruze ?

Hj Butteri Dave Ramsey’s daughter

Great show! I shifted my focus from saving money to concentrating on what is going to make me money and I found that in the process I've saved a lot of money. Case and point I don't have the time to go to the grocery store as often as I used to so when I go I have a list, ignore the sales, and basically buy the best food because if I eliminate the number of trips to the grocery store I'll already save a lot of money. with the help of Christy at business Boutique I'm excited to start a small business eventually.

Just burned my phone!!..try taking my minutes and data now

Your enthusiasm for saving makes me want to actually follow your ideas. My first baby step would be to shop with a list ... and stick to it when I go into the store. Simple, but not easy.

I personally have cricket wireless how this works is I have a certain amount of high-speed data and then after that I have unlimited data at a lower speed so I can't go over

I have metro too. It's awesome, just a flat fee. I only pay $50 a month. No extra fees or taxes. I had sprint and every month there was a new fee or tax. It's so nice to not have to worry about that anymore.

Joshua Keefe and we use WiFi at home right? I just discovered metro and I’m happy to get away from at&t they got me good but no longer...

wheres does Rachel Cruze invest? And how to start? Thank you!

Step one. Stop your wife from these $37 Walmart purchases every Friday days where you have no idea what was bought?

Yeah but one app so I could get all the Game of Thrones books in the app cost me about five bucks and I have all the Game of Thrones books on my phoneand that's the only app ever bought. And I listen to all those books and they were pretty good they are not for the faint of heart though.

Yeah, I couldn't get into the show - too depressing, so I don't imagine I would like the books, either.

Yeah I hear you on the iCloud I refuse to pay for it

Yes Rachel I know exactly how much my cell phone is costing me a cost me $300 on the way and when I bought it and it won't cost me anymore and less I broke it because I bought it out right all at once and it cost me $30 a month and that's it well I did buy an OtterBox case for it I think that was around $20 and I only bought that once

Your cell phone company can slow down your phone when you approach data limit and then stop it all together so you don’t go over.

Had the same issue with Every Dollar.

Love every episode !


This is very inspiring. Thank you!

I can't switch to a 15 year fixed mortgage currently. My current 30 year is at 3.325% and you can't get that right now. Plus we are in the middle of baby step 2 so the lower payment helps. Once in BS6 I will pay off the house super quick.

Can't believe every Christian has not boycotted Target because of their lgbtq bathroom policies!!!

I wonder what Ramsey thinks about all this people making mistakes on what they buy >.< i checked out the baby steps.... and it was dramatic easy, i cant believe people needs help on this type of simple decisions. Im glad ramsey doesnt really talk crap or put people down with their mistakes, idk how he handles all these children on the phone, This people that needs advice on how to use money its insane though, its just so common sense... everytime i hear ppl getting 100k a year, and only having like 1k on their bank, trips me out badd! DX [ you gotta know that your stupid right]

Have you heard of Fitness blender on youtube? It is the best FREE way to exercice in my opinion :)

The mortgage payoff calculator is a true eye opener! We will be changing some things asap! Thanks for the tool!

Love your videos and your personality! Keep 'em coming!

Sharing a phone plan with friends is the worst advice I have heard u give......It's like combining finances before marriage

Brooke Carrillo that’s because you all follow through with your agreement to pay your portion. If you didn’t, the others would be on the hook to pay your portion of the bill, so Taylor is saying it’s risky.

Splitting a phone bill is not the same as sharing a checking account.

Taylor Jane we do this with my brother in law and my sister in law and it saves us 75 dollars a month. It works great for us!

U seem to make a lot of careless money mistakes considering how u were raised

She's a free spirit and human.

They were her mistakes to make

Taylor Jane which makes her easy to relate to. She's human... Cause if she's never experienced mistakes careless or not... She'd not be able to relate to every day impulse decisions many people make...

Taylor Jane no one is perfect all the time. I’m as frugal as they come and consider myself smart with money but there’s always times when life happens and we make the wrong decisions. Live and learn.

Having that app on your phone is a constant reminder of the "not using your noggin" tax. It keeps that lesson fresh as you have that as a pain point....but, I'd bet you're less likely to make that mistake.

Great advice.Thank you.

How do people even afford to not shop for the best car insurance rate? I can't afford not to. I am so broke, I wouldn't be able to pay my bills if I didn't get the best rates on everything.

Thank you! I love your YouTube shows! I watch them every week and you are so encouraging, fun, and inspiring.

My cell phone has limited data on it too. What I do to not go over my limit is connect it to my wifi at work and home. Most places (i.e. Starbucks, Hotels etc. also have free wifi) so where ever I go I try to connect to free wifi so I don't use up my own data.

Stephanie Bogart I have straight talk as well and had no issues. Pay between $55-$60 a month

I have to agree. I took a "friend" onto my plan to help her out. Well, she owes me 4 back payments. I have her date turned down as an incentive but don't want to turn off completely because she is a single mom. My heart too big I guess.

That happened to me too with weight watchers.

Me and my husband decided to put mortgage for 12 years but we have a goal to put down $10000 each year and the house will be paid off in 5 years!!! So excited to be mortgage free!!!!

They have two... one runs your credit and gives you a limit. The other is the actual debit card and still gives you a discount.

yep, you can get the same thing for free! try MINT. they connect your accounts for free...

Thank you so much for sharing this! I have had such a hard time with amazon prime and this app that Brooke Burke put out for fitness. Car insurance too! Thank you! I'll be doing some cleaning out!

Great show and especially loved the segment on refinancing your mortgage! God bless you, Rachel! #inspired

I use a savvycents wallet and my check register to keep myself in check. :)

You talking about the work out app was the most genuine and sincere I have ever seen you be. It was super funny and relatable and seemed very honest. Nice show Rachel.

Mortgage payments for a 15 year mortgage here in the Bay Area would equate to over $7,000/month in payments. Maybe it’s time to move??

millmill67 best advice given today.

Interesting question. I'd love to hear this get addressed. Saying to get on a cell phone plan with friends sent the hair on my arms straight up nervous for people to get into terrible situations and ruin friendships.

Bonnie Half-Elven but having to settle for a 15 year instead of a 30 will cause your mortgage to go up if you don't want to live in a bad neighborhood. Losing your job will make it harder to maintain the payments on a 15 year versus a 30 year. This is why I chose a 30 year but make bigger payments. This way I pay it off MUCH faster and if I can't work for whatever reason, my wife can still make payments and not worry about losing the house. I feel that this is the best balance of financial responsibility and security.

Rachel cruz e u are awesome, not to mention hilarious!!!!

Wal-Mart does not charge you to shop for you.

Yes, we have Zander insurance :)

I cancelled my subscriptions!! has got me hooked but over the summer months, I cancel because I'm not using it.

Taylor Jane my husband and I share our cell phone plan with his parents and siblings. We save tons of money and have never had an issue with this. I don’t think EVERYONE can do this. For example.... I would never do it with my parents and siblings. My husbands family is financially literate and a mutual trust that everyone always pays their bill

We have two smartphones and pay $38 total per month for our two phone plans. ($19 per phone) We use Cricket wireless, share a discounted group plan with friends, and buy refill cards with my Target debit card for 5% off. Smart phones can be very affordable!

Stephanie Bogart I have Metro PCS with "unlimited data" plan at $50 but it cuts off at 21 gigs

Rachel Cruze I enjoyed this video as I do the rest of your videos very much. Great information. I think you should do a response to this video, on your Channel or your dad's. There's lots of comments about how he's ready for a debate.. ''PSA: Why it's a BAD IDEA to pay down your mortgage early'' by Graham Stephan.

Which app is that?

Loving your shows! Motivates me and I always learn something new. Thanks Rachel.

We are selling our home.... 1 day and we're out. Almost time for that #debtfreescream!

Stephanie probably got the 3.85% before interest rates increased.

That's odd. Usually shorter term loan has better rate.

I love cricket wireless I only $33 per month

I also have a family plan with parents and uncle and save a lot...$33 a month...I wouldn't do this other family members who are not responsible

Same here.

James Jacobs good for you, but you totally avoided addressing my point.

Haven’t overdrafted In forever !!

Very true. I get far more than 2.5% returns on my 401k (usually between 8-12% a year). But remember that the Ramsey money system is great, but primarily for the financially illiterate. Dave basically admits it himself when he blatantly brushes aside the idea of paying off higher interest debts first. But at least people are getting out of debt!

On the contrary, lower expenses will allow one to have a larger nest egg and give people plenty of time to find employment. There is also something to be said about paying a little more to live in a safer neighborhood. Frankly, it gives me a peace of mind that is well worth the price. Maybe you should read my post again because risk is EXACTLY what I was posting about. It was just risk of another variety. And in regards to addressing people's points (Ajith's), maybe you should read your first post about that little math boo boo you did. I'll let you recalculate it need the practice. Cheers!

2.5% interest forever is super cheap. Probably by next year you will get that much in a savings account. They can use the money to invest rather than pay off the loan early

Thank you Rachel and your Dad. Love you guys so much.

Haha I almost did the app thing too. It was going to pay for a planning app and realized it was gonna charge 50 right away. That's way too much for a app. Lol

What do you think about spending the $100 a year for Amazon prime. I'm wondering how much I really save.

I saw one website that said if you pay 20% more every month on your 30-year mortgage, you essentially turn it into a 15-year mortgage. I did the math on mine, and it works. No need to refinance

I love the Rachel Cruze Show!!

Sorry girl, switching to a 15-year mortgage is not feasible in high-cost-of-living areas like DC or California. The last time we switched to a 15-year was on a previous house, and it almost dpubled our payment. What we plan to do is make extra principle payments once we are debt-free. You don't have to refinance to pay extra on your mortgage principle. It saves you from another hit on your credit, closing costs, and interest.

Paying it off early is only bad if you plan to sell your house soon.

Desert Rose Time to switch then yeah?

I'm so glad I watched this!! I'm budgeting tomorrow and Walmart is where I spend the most money 2x/week on food & therapy shopping smh.

I totally did this with a Erik condren planner that cost $60.00 + dollar's . I thought if I just had this I would get my life organized no more worries. Barely used it I used a Walmart calendar lol

I would recommend a company like cricket.

You can take money you use on frivolous things like coffee shops, eating out too often and tv and throw at your mortgage.

So what do you do when you do something like that and you are already strapped in your budget and just starting out?

For those who don't need a large phone plan, the best company I have found is H2O Wireless. I have a pay as you go plan; it costs $10 for 3 months. If you sign up for auto-recharge, you can get 3 months for $9. I am signed up for auto-recharge, so I only pay $3 per month for my phone plan.

t mobile unlimited data plan is not a bad way to go. reasonably priced.

over draft fees..... common people use over draft protection

Boost mobile $57.00 for everything including insurance

So what would you recommend to military families that have to move every 3 years. We don't want to compromise on location because of schools for our kids. On average we have bought houses for about 225k with a 30yr mortgage with 4% the problem is we can't afford a 15 year in that price range and because of location the price won't be too much different even if we downsized. What can you recommend?

James Jacobs o

I've been with Cricket 14 years. Occasionally they'll give me a month free!

Take her advice and see how that works for you. It doesn't work for everybody. You should evaluate friendships in your life. (:

I love your dad!!! and you. Thank you for all you do for us viewers.


+Lucy Lu Congrats on paying off the house. But putting those extra payments in a 401k would literally have exponentially greater benefits. A lot of people are getting 10 and sometimes 15%+ gains in this economy. Unless you have a variable interest rate, it would always be better to shovel cash in the 401k and make a 2.5% interest minimum mortgage payment.

People with money don’t keep a mortgage around. We had 2.5% interest rate and paid it off. Even the interest we paid every year on it was way more than we were getting on our savings account.

I am sooooo lucky my cell phone AT&T unlimited everything is only 20$ a month. I am on my daughters family plan. Just ask you never know who my say yes to be on their plan with them!☺️


Love Metro PCS!!!

there's a FREE fitness app, called which tracks your activity, workouts and what you eat.

Rachel Cruze: This is good! I have recently(10/1/18)became a student of Dave Ramsey’s Financial Peace University and I appreciate every resources the Ramsey Solution team offers. You guys ROCK!! I will do my debt free scream one day!

Was it the Fitonomy App---charged me all at once..I too didn't know that! But because I feel so guilty for spending that money, I have used the app every morning for the past 3 weeks!!!

My Partner & I pay $50 total for our Cell Phones. He & I have unlimited Talk & Text with Metro PCS.

Couple of things... 1. I have a family plan and it has saved me hundreds a month! My new phone bill is $30 and that's with tax. It's unlimited talk, text, and data. Check with your employee to see if they offer discounts for carriers. My job offers a discount with T-Mobile so I save even more money. You do have to trust the people on your plan but it really saves you tons of money! 2. Target RedCard. Not sure if it's the same thing but my sister links her actual bank account (bank of america) to the Cartwheel app and gets the same 5% without having to open an actual Target card. This may be what Rachel is referring to when she says it's a debit card but just in case she isn't there is that option. I'd talk with the customer service people to see about this option. 3. Nike Training is a free fitness app and it is wonderful! I recommend to any and every person. It's like having your own personal trainer for free! 4. Subscriptions. If you sign up for the free trial put a reminder in your calendar/phone to alert you a day before it ends so that you can cancel without getting that automatic charge. 5. Online bill pay will really help you if you suffer from overdraft fees or bounced checks. Most banks take the money out immediately even if the vendor hasn't cashed the check. That way it's not just sitting in there throwing off your balance. 6. Coupons! Coupons! Coupons! I can not stress enough about checking for coupons. You can save so much money. I use Stop n Shop's app as well as's app to hunt for bargains. 7. For clothes and other household items, shop off season. I usually buy my winter coat at the end of the winter season....right around the start of spring. I bought my snow blower in the spring as well. 8. If you heat your house with oil, fill up in the summer when the prices are lower. It really helps save on heating costs. Those are some of my tips! Hope they help somebody!

My 2 1/2yr old phone cost $75and I pay $45 a month. Its cracked with a piece of tape on the face. Still works, yet others feel I should up grade. Bring on the rubber bands, if needed.

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