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Yeah, keep up the good work. I am in a similar situation as you. I did pretty much the same as you for the same reason. I think I am well on the journey of spending less, but I still watch this type of content for a reminder. Without reminders, I can start to creep up again to spending more on these just this one time type of mindset, especially when someone else is instigating the spending or around the holidays. I would add that focus 1st on the big ticket items. I got rid of a lot of stuff so that I could downsize my apartment. I gave up driving which removes gas, I have been on trial period to see if I can truly give up my car. It seems as though I can, when I do I will give up a nearly $200 per month expense (That is what I calculate owning my car costs if I do not ever drive it. Since I have driven it a few times since the experiment began, my cost per mile is probably over $10 per mile. If I do not ever drive it well... I guess that mathematically would mean that the cost shoots up to infinite dollars per mile. I do not want to own an asset that is infinitely expensive per unit of utility, so yeah it is time to ditch the car completely.) What else: Oh I have started to be intentional about entertainment. Now, I am a person who really likes to have fun, but fun can come in all kinds of price tags. Well here, I look at the fun options and kind look to maximize the function of optimized_fun= qty_fun/cost_of_fun. Here I try to aim towards infinity. Examples: playing in the ocean body surfing is really fun and the cost is just wear and tear on my swimming trunks not quite infinity, but awfully close. Point is I look at my fun through those lenses. The giving up my car also does mean I will ride my bike more which means more fun. Mindset shift on time management. I now see time management as an exercise of maximize time doing thing that are in one of the good feelings: fun, happy, peaceful, good_excited ( as opposed to bad_excited), relaxed.. what ever is a good feeling. This allows me to see the slightly slower bike ride to my destination as a more time efficient use of my time than driving. Healthy food and gym memberships I spend a lot on, but this is to take care of me, not wasted money. If someone only looked at how much I spend on those 2 things they would think I was a wildly out of control with my spending, and I do not care. All of the money I save on the other above things more than makes up for my oversized grocery, dining and gym spending. With dining, I choose truly healthy restaurants not those expensive for the atmosphere restaurants except for truly special occasions.

Congrats on your porgress! I am new around here, can you explain or point me to a video about this roof cost? That's clearly a serious roof at 44k!

If you can gimme some ideas on how to avoid high rent$ without being forced to live in a van or the streets, then my hat off to you :)

KATHY! i guess mrs k was fitting either way, happy to know your name 😊 thanks for the tips. I need to practice contentment.

I am financially free so I am increasing my lifestyle a little. I am still frugal and I had a 40% savings rate in 2024. I can let off the gas a little. The saver in me wants to save more than 40% in 2025, but my wife deserves to enjoy life a little more.😊❤

I am giving you a shout out in my video that will come out tomorrow. This video inspired tomorrow’s video.

Great advice, and tips! 👏

Hi Mrs K, congrats on hitting your roof savings goal 🎉 great bwm 😊

Great transfers Mrs K. Hope you're having a good week 😊

Awesome. We are all encouraging each other. I am transferring 3K from rentals to my CC debt.

My home sinking fund is doing the same thing. We keep draining it for things and now with higher property taxes, we have less to put in every month to build it back up

Lender’s Club still has good rate on the HYSA

I wish my employer 401K match was that good!

Good Morning friend, great job.

Coast FI is a misnomer to me. We were able to truly coast at 31 before FI was even a term then find out much later it means you still work. Glad you let him spend some.

What i have always said-if u only spend money u have in hand u will be healthy and wealthy in retirement.Easier said than done,but just attempting this will set you on a upward path.Financial literacy is the most lacking component of life these days,(common sense #2). God bless.

please look into some other contractors for your roof. unless your home is 5,000 sq foot, $44,000 is ridiculous!!

Great update!

A very helpful video, you do so well with your low spend budget! 👏

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Hope you and baby are feeling better today :)

Wonderful news. I love Transfer Tuesdays. I rarely have money because I chunk it towards debt as soon as it comes in. Keep posting as you motivate me to continue to build wealth

Hi Mrs K, great bwm! Thats exciting about the roof payoff! Cheering u on! I did my nov budget yesterday, i will be posting it tomorrow. Cant believe were nearing the finish line of 2024.

thanks for your budget spreadsheet, i would request people's email addresses to build your list of subscribers outside of youtube. Good Luck!

Hi Mrs K, great BWM! I hope yall have a great time pumpkin painting!

You don't look like you are 30. Once you have finance figured out, and are doing the right things (and you guys are!) it becomes boring. Just keep doing what you are, you guys are killing it!

This lighting or angle is much better!

I would think, pay the retirement loan and debt down, then you would have more savings for the renovation project. Once the reno is covered go part-time, and up investing/retirement.

I would probably pay extra towards retirement loan and save for a renovation project. I changed my 401K future investments around this week and even though rates are down took the extra out of my checking account and put into a 4 week t-bill

Thanks Cathy. For your understanding your too right we are well underpaid and undervalued but I’m too old now too change now close to retirement all the best for your future good luck regards Michael x

I had a good spending budget in September too ❤

Obviously your not a school caretaker salary lol

Great video I feel like you are starring in to my soul

Great work!! I am so happy for your consistency and hard work!!❤

love videos like this, thank you for the insight into your spending and savings. very interesting

Eating fast food is My Kryptonite and I've been trying to stick to a low spend a year recently. Every time I drive home from work I pass multiple chick-fil-a's, zeros, wendy's, McDonald's and Taco Bell's and I just keep talking myself out of it to drive home and focus on the long-term goal! Keep up the good work!

I took out a retirement "loan" but the interest and payment pays me back. I just did a NW video and call it a grey area. But since the payment is automatically deducted from my paycheck, it leans onto the loan side. Thank you for sharing the NW. Nice job!

1.2m net worth, zero debts. Retired at 55 to Asia. Geo Arbitrage. Smarter not Harder 😊

Bought too much house?. Downsize clear the debt........

Hi Mrs K. Great bwm! 🎉🎉 for the 6k towards the roof! My son turns 5 this month, im just going to have a little sometbing at his school to save money instead of having a seperate party. Im finalizing my october budget now so i can get it recorded and uploaded early next week! I hope yall have a great weekend 😊

When my nephews turned 1, I set up an email for both of them. I send emails to them with little bits of information like what was going on in the world (kind of like a historical record for them ) what the family was up to , pictures of them and the whole family, friends, places,events etc... , info about activities we were doing, for example, I would send an email saying.... "Hello ___....today we went to the farm festival and you had so much fun, you fed the pigs and had some cotton candy "...... or.... prince Charles became king today or whatever, and so on..... when they turn 16, they will get the email account and discover hundreds of emails to browse through and see their history for the past 16 years. You can also encourage your family members to send their own emails as well.

Awesome! 🤩 3 paycheck months are great! I set all my transfers automatically for my paycheck budget and everything came out today! 😅 Only one glitch, Fidelity pulls a day early so that was a little scary. I’ll have to switch the day to Monday instead of Friday.

You are killing that new roof fund! Great job. I must be on the same pay schedule as your husband as November will be a 3 paycheck month for me as well. I'm getting close to saving about 10K more this year than last year at this time, so trying to finish the year out strong. 🤞

I’m 50 and my husband is 54. Currently our net worth is 1.7 million. 1.2 million of that is in retirement accounts. I track out net worth monthly. We still have $180,000 left of our mortgage -that we hope to pay off before we retire. We are making extra payments and the interest rate is 2.75%. Sometimes it’s good to be old and have outstanding credit. 😉 We have $475,000 in equity, but we prefer to think of it as our place to live rather than an investment. I only track it in case of catastrophe. We have one kid in college right now that we support financially ( we did save a 529 for her) she has one more year and the money is almost gone. We have another daughter going in 2 years. She has a 529 as well. We spaced them out 5 years apart so we wouldn’t have to pay 2 day care fees but it worked out for college as well. 😂. Let me tell you a little secret. Our neighbors think we are broke. We don’t live flashy. If I picked up a rock and threw it I would hit boats, RV’s, 4 wheelers and multiple new cars that my neighbors have. We chose to invest instead of buy toys. Keep going. It pays off.

Looking at NW to feel less bad about debt. Chuckle. We had $3M for a while. Thank you for sharing!

Thanks for sharing! 😊 I always find it fascinating what other people’s net worth is! I’m at 452k for retirement investments and 282k equity in my home. I’m 52 but started very late after raising 4 children and a divorce 7 years ago.

Great video ! When we started our "baby steps " journey a few years ago, we had a negative net worth.😢😢😢 our total debt was 250,000, which consisted of 7 credit cards , 3 personal loans, a car payment, and a small mortgage. We are down to 4 credit cards , 1 personal loan, and a small mortgage . Our house value has increased while our mortgage has deceased , so our net worth is starting to be in the positive. It has been a long journey with more miles to go, but we are getting there !! 😊

Q: how old are you and your partner and how much do you have in your retirement accounts?

Love your videos ! We are trying to cut back on random grocery store trips. We were going almost every day, and it was getting out of hand because, of course when we didn't have a list, we bought way too much, and usually, it's stuff we really didn't need. I have tried to nail it down to Saturday morning, stock up shopping at Walmart, and ONE midweek quick run to Giant for milk , bread, and fresh fruits. But my husband is struggling with that a little 😂

Good morning mrs k. Great transfers! That was interesting news about the fidelity investments!