How to Save Money in a Recession: 3 Simple Tips
With a recession looming, many people are looking for ways to cut back on their spending. Fortunately, there are some simple steps you can take to reduce your expenses without sacrificing your quality of life. In this video, we'll share three tips that can help you save money during tough economic times.
First, we'll talk about the importance of buying only what you need at the grocery store. We'll explain how this simple strategy can not only help you save money on your food bill, but also reduce food waste and contribute to a more sustainable lifestyle.
Next, we'll discuss the value of canceling subscriptions you don't need. Whether it's a streaming service, a gym membership, or a magazine subscription, eliminating unnecessary expenses can add up over time and free up more money for the things that truly matter.
Finally, we'll share a strategy for dining out that can help you enjoy restaurant meals without breaking the bank. By splitting meals with a friend or family member, you can reduce your portion sizes, cut your costs, and still enjoy the social aspect of eating out.
By following these three tips, you can start saving money today and build a more financially secure future.
Our goal is to retire by 2035 and we've found that career and personal finances are going to get us there the quickest. We also have stocks, investment properties, royalties, and social media income. Follow our journey as we showcase even the most intimate of financial and professional details.
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Youtube Channel: https://www.youtube.com/channel/UCFSfCrgdgj4Q82T6PFufVjA
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LinkedIn Rico Eggenberger: https://www.linkedin.com/in/rico-eggenberger/
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* Some of the links are affiliate links which means if you buy something through my links, I earn a small commission :) Thanks for your support!
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00:00 Introduction
00:26 background
01:00 how we did it
01:25 save money on groceries
02:12 cancel subscription
02:48 restaurants
03:47 bonus
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