Times are so tuff that Amazon just announced they had the biggest Prime Day ever, selling over 100,000 items a minute! That's insane! Not hurting too bad America!! Fact is, until people stop spending like there is no tomorrow, prices will remain high. Basic economics, supply and demand! Calm down people! Take a break! Buy just what you NEED for six months and prices will drop like a rock. But as long as we are spending like drunken sailors, we will pay the price.
All good points. I'd like to add that owning a home has benefits beyond lifestyle inflation. Stable costs (rent increases after 5 years), the ability to profit from your home if it appreciates, and the ability to pass your home on to your kids/grandkids for lower cost of home ownership.
Erin, I love your videos for many reasons. First, I love them for what they have: * Well-reasoned, informative personal information about personal finance. I especially love them for what they don't have: * Animated Intros with loud hard rock guitar music. * Lots of banter and silly chit chat for the first few minutes. * Lots of extraneous inserted images and animations added for humorous effect. * Senseless hype. * Get rich quick schemes. None of that silliness. Just well-articulated, useful information. I've subscribed. Great work! Keep it up!
A lot of gold in this video. In several ways, Erin described how I have tried to live for the last 40 years. If you are looking for a cheap way to make a joyful purchase, the next time you visit a coffee shop or hot dog stand, give the barista an extra $5.00 and ask to pay it forward for the next customer - a complete stranger - you won't believe the joy it can give you.
I love what you said about saving for the future and spending on what brings you joy. My resolution for the year is no apparel and no ice cream. I set this goals because I really didn't need more clothes and I want to do my part for generating less waste (packaging!). We cut down on driving too, a lot! I hope more people get your message, be objective about their spending and cut a few bad habits.
I bought way TOO many clothes for the longest time! 3 years ago I made the same resolution - and I haven't bought any since. I had the same reasons as you - I certainly didn't need any more and I didn't want to contribute to as much waste. No reason to be wasteful with our dollars 😊
I gave up meat too, and replaced mostly with beans lol! Only fast food I will do is Taco Bell, bean Crunchwrap supreme. Thanks for your videos. I’m 44, and humbly and graciously followed savings advice like yours since my first job at 22yrs old. I’m excited about my retirement savings. Thanks for sharing, always find good advice here! Happy 4th from Fort Lauderdale! 🎉🌈🔅🌴
Great video Erin! After buying my house, I am now trying to find ways to cut back. Prices are skyrocketing! It feels like I’m splurging at the grocery store. I am definitely going to be more budget conscious when grocery shopping and incorporate more beans and veggie to my meal plans. Plus, I need to refocus on my monthly budget and stop furnishing this house! 😩
Hey Erin, As a new fellow bean connoisseur (BTW - these $0.70 cans were $0.54 a few months ago) - try adding beans (I use the no salt added variety) to a bed of sauerkraut - taste amazing and very filling. 😉
As a social scientist who studies this (organizational psychology), I'll add to the point about money and happiness. In most studies, there's no detectable point beyond which money does NOT buy happiness. People used to believe there was a cutoff around $70k/yr. If you look at the original research data, you see an asymptote--diminishing returns on happiness per dollar--but even above $500k, more money buys more happiness. But this effect is truer in America than it is anywhere else in the world. Money buys more happiness for Americans than it does for anyone else in the world.
I can believe that! What money means to you and what it represents is very cultural based - and American's put a far greater emphasis on money than many nations
@@ErinTalksMoney Exactly! I'll add that it's unclear whether this is because other countries decommodify certain goods/services (e.g., daycare), therefore reducing the scope/scale of what people think money can do for them; or, if they decommodify those goods because they culturally believe more dollars shouldn't be related to outcomes in certain spheres of life. Maybe a bit of both.
What would be interesting to see is what % of people said they were living paycheck to paycheck in 2019, just before covid, when costs were down and wages were up. My guess is that rhe % would be very similar to the stats you showed. This inflation is hurting low income people very hard, but as you stated, the more you make, the more you spend. So, those higher income earners have the ability to cut back if they choose.
@@ErinTalksMoney living paycheck to paycheck boils down to expensive are same as your income!!! Yes the more you make should make it easy to break that cycle but doesn’t mean it does a lot of time it just means you are spending more
If you make 250000 and your paycheck to paycheck you need to evaluate yourself. That is a lot of money. It is sad that most of americans has an inflationary life style. I’ve seen a lot of people that when they have pay increase they do buy a bigger home, nicer car and so on. Stop living keeping up with the jonesess.
I'm probably about the same standard of living now as what I was in 2019 in 2019 I was working full-time so I was able to put more into savings in 2020 I quit my full-time job at the age of 65 living off Social Security only I'm still able to do the same things I did like dining out three times a week with friends just not putting as much into savings every month so I still feel like I'm doing okay. I had a new roof on my house central air and furnace water heater all purchased paid with cash within 5 years of quitting work
Thankfully I was raised by very frugal parents. They were the children of the Great Depression and were teenagers during WW2. They taught all their children - there are nine of us - the importance of saving our money and living below our means. As far as I know, none of my siblings have experienced financial difficulties to a high degree. I met with my financial advisor yesterday ( there is a potential of an early retirement for me in my near future), and after we racked and stacked the numbers, he declared I am in great shape to retire early if I choose. "But your future"... very wise words indeed!
Instilling good financial habits in their kiddos is one of the best things parents can do. I was speaking with a friend who has an aggressive form of cancer the other day, and he was talking about all the blessings in his life, and one was saying that his two adult kids have good jobs and are able to take care of themselves financially - he said it made him feel so good knowing he didn't have to worry about some one having to take care of them
My grandfather on my father's side made all his money during the Great Depression. He owned a lot of theatres or cinemas in Canada also owned around 40 very high priced racehorses that raced at Old Woodbine racetrack in Toronto, Canada. Every horse was named after a drink.
I am grateful that I am not "most"! While I still have plenty of room for improvement with my budget and retraining my mindset, I am fortunate to have been working on aligning with my ideals for many years now. I have learned that it's just like building muscles working out, hard in the beginning but in time it becomes easier and eventually fun.
As intended. The more people that live paycheck to paycheck, the more people that look at the government for help The more people reliant on government, the more powerful the government becomes
@@ErinTalksMoney Erin you have a channel but how many don't even have 1K subs? Depending on others is not good but without enough income nor purchasing power how can they survive on their own.
Hi Erin, this was a great video! To learn the statistics of people living paycheck to paycheck was surprising yet not surprising because of how the economy is right now. And your choice of switching to beans and rice is a great choice. I myself am doing that more often. And that is something that Dave Ramsey suggest to people all the time. And you should balance out your life. ( the reference you made in that black and white video clip) You seem like your working all the time and by all the research you do to prepare for making these awesome videos, really shows and I for one really appreciate your hard work! Thank you 😊 So take some time and enjoy some things that you enjoy doing. And have an awesome 4th of July weekend!
Hey, how about a study about people that ALREADY HAVE A SIDE HUSTLE (or... gasp! two side hustles) and that have made all reasonable cuts to their budget, that are STILL struggling to make ends meet? How about instead of strawmanning your way into "it's not the system it's you" shpeal, you demonstrate your knowledge and interest on the paycheck-to-paycheck situation by looking at more realistic scenarios? Like, a part-time teacher with 3 tutoring side gigs, or like a perpetual adjunct instructor with 2 side teaching gigs, or an admin by day, pizza delivery person/Uber driver by night. Look US in the eye and tell us: 'get an additional job, and only buy that morning donut if you can get it for free with your home-brewed coffee.'
Money can't buy happiness, unfortunately I know multiple millionaires that have committed suicide. Money is a dissatisfier, it staves off dissatisfaction. Correct you need the minimal money needed to care for your needs, (Food, Shelter, transportation) but after that money affords you opportunities to have and do nice things, but you can't buy happiness.
To answer that question, It depends on what brings you happiness. There is no one answer for everyone. Rest assured that money certainly can buy happiness for many people, just not for everyone.
Hi Erin, so, this content was really, really good. And your delivery is getting more and more conversational (with the tiny exception of pronouncing the word ‘the’ as “thee”, not preceding a hard vowel, just once). But you now might think about the audio. Your room is big, with echo. So what to do? Well, there are about a thousand ways to improve it but I like cheap, Amazon, sound dampening panels as a first step. But, since audio is so important, you might think about moving to a smaller space in the house, with all echo removed. Basically a recording studio at home. You’re a pro now, might as well take the next steps, again, cheaply!! Nice work!
A little backstory - originally I was going to use a spare bedroom as a recording room - BUT it faces the direction they are building other condos. so it comes with the sounds of hammering, trucks and a lovely compressor. 😬 BUT - we are remodeling our basement - I will have a recording room down there once it is done! But it's going to be another month or two ...but it's coming!!!
Loved the subliminal “Finance is Personal” message at the nine minute mark. Excellent content Erin! Always appreciate your work. Take a day or two off and enjoy the holiday. Tony
I had major plans to get work done today - but life had other plans… 😬 Peanut had a health scare today but seems to be doing well now, but he’s got me following him like a hawk!
Great video Erin. Experiences are more important to me than things. Having retired during Covid I found the thing I've enjoyed most is volunteering with kids. It doesn't cost much but wow... what an impact on me.
Really great advice Erin, thanks. Money is easy to spend, hard to earn. It doesn't matter how much you make - it is so easy to spend it all and then some! Very well articulated!
Beans, beans their good for your heart, the more you eat makes the savings cycle start.When savings starts the better you will feel, then you can afford to go out for a proper meal!😂
Most families have always lived pay check to pay check they just don't go on social media and talk about it. Prioritize your needs from your wants and be prepared to make sacrifices. Delayed gratification can sometimes be your best friend.
Great video, Erin! Thanks for sharing all the content you do. It’s unfortunate to hear about the high percentage of Americans living paycheck to paycheck. However, many of the high earners might be living this way because their spending is much higher than what it should be, and there are costs they could probably cut that are not essential.
I have always been very frugal with my money over the 26+ years we've been married, but when my wife gets hair extensions, manicured nails, an extremely large walk in closet filled with just all her clothes without conferring with me than she loses the right to tell me, "no". I can fully understand why your wife doesn't want you to have a motorcycle as they are a very dangerous mode of transportation. I talked to my wife about myself also getting a motorcycle and she is hesitant, but okay with it as she better be. I'd be a new rider so nothing fancy and most importantly nothing expensive, not looking for a Harley to go flying up the highway at 80mph. I'm looking at pulling the trigger sometime next year as when it comes to spending money I don't move very fast.
@@michaelb.8953 I always wanted a Kawasaki KZ-900 in 1975, well they just came out with a 2022 Kawasaki Z900RS, Yes it is very fast but I rode bikes for years, but once we had our first kid she asked me to get rid of it and I did. Now at 64 and no bills, and the kids are all out of the house I thought I would pick one up. But my wife just does not want me to. I have done without one since 1990 I will be fine! I rather keep her happy, I'm sure you know why! ..
Erin this may not be the correct show but you talked about you an your husband eating beans ionstead of stake. I love bush beans I am just wonder what you eat with the beans to "make a meal" Thank you
I completely discount the term “paycheck to paycheck” until I get to see a breakdown of their bills. I’d wager most of these people have too much car, too much house, and too much for everything else. Yes there are some people truly struggling but I’d like to know what percent that actually is.
@@ErinTalksMoney The ownership changed maybe 3 months ago. Right after the change in ownership they started opening 7 days a week....at least the one on Mill Plain is (I think they both are open 7 days now).
I lowered my 401K contributions from 18% to 10%, but I am stuffing about 30% into a swab account. So it might look like I am investing less if someone is tracking it.
More Americans living paycheck-to-paycheck than last year? How can that be? We have certain politicians telling us Americans are doing as well as they ever have. Hmm...
@@pensacola321 There was no reference to any specific political party in my post, so it's a non sequitur. Sorry you're a dumbed down sheep who must fabricate slights and jump to defend whatever political party you align with though. Get a grip
Your video thumbnail depicts you with wavy hair. I click on the video and you have straight hair. False advertising! : ) besides that....great video, Erin. Keep up the great work.
@@ErinTalksMoney I have a budget that keeps my expenses below my income. Planning is essential, but not everyone has that discipline. Speaking of discipline, it is essential too.
@@pensacola321My paycheck covers my expenses until my next paycheck. Any surplus is dumped into my savings account. I consider that living from paycheck to paycheck, but that is just me.
@@pensacola321 Dude I agree with your definition. Not having anything left over after paying bills is my definition and even when you do have some left over if it is not a lot you could still be in that position if you work too few hours next time.
Hmmmm 🤔… i just watched a video right before this video and it said 78% of people are living pay check to pay check and that video was made 7 months ago, your video that you posted 64 % of people living pay check to pay check and your video was posted 2 months ago.
again, here's some childish nonsense offered up by an acolyte of Suzie Norman = as she's previously described, she was/is a fam of since childhood = it's like watching a Christian describe how charmed they were w/ Lucifer = & being PROUD of it! Sad, & worse - shameless
Times are so tuff that Amazon just announced they had the biggest Prime Day ever, selling over 100,000 items a minute! That's insane! Not hurting too bad America!! Fact is, until people stop spending like there is no tomorrow, prices will remain high. Basic economics, supply and demand! Calm down people! Take a break! Buy just what you NEED for six months and prices will drop like a rock. But as long as we are spending like drunken sailors, we will pay the price.
All good points. I'd like to add that owning a home has benefits beyond lifestyle inflation. Stable costs (rent increases after 5 years), the ability to profit from your home if it appreciates, and the ability to pass your home on to your kids/grandkids for lower cost of home ownership.
Erin, I love your videos for many reasons.
First, I love them for what they have:
* Well-reasoned, informative personal information about personal finance.
I especially love them for what they don't have:
* Animated Intros with loud hard rock guitar music.
* Lots of banter and silly chit chat for the first few minutes.
* Lots of extraneous inserted images and animations added for humorous effect.
* Senseless hype.
* Get rich quick schemes.
None of that silliness. Just well-articulated, useful information. I've subscribed. Great work! Keep it up!
Welcome to the channel!! 🙏 I like a no frills approach too, as you can probably tell!
A lot of gold in this video. In several ways, Erin described how I have tried to live for the last 40 years. If you are looking for a cheap way to make a joyful purchase, the next time you visit a coffee shop or hot dog stand, give the barista an extra $5.00 and ask to pay it forward for the next customer - a complete stranger - you won't believe the joy it can give you.
I've never been in a coffee shop in my life because it is too expensive.
I love what you said about saving for the future and spending on what brings you joy.
My resolution for the year is no apparel and no ice cream. I set this goals because I really didn't need more clothes and I want to do my part for generating less waste (packaging!). We cut down on driving too, a lot!
I hope more people get your message, be objective about their spending and cut a few bad habits.
I bought way TOO many clothes for the longest time! 3 years ago I made the same resolution - and I haven't bought any since. I had the same reasons as you - I certainly didn't need any more and I didn't want to contribute to as much waste. No reason to be wasteful with our dollars 😊
No ice cream? What kind of sociopath are you?
I gave up meat too, and replaced mostly with beans lol! Only fast food I will do is Taco Bell, bean Crunchwrap supreme. Thanks for your videos. I’m 44, and humbly and graciously followed savings advice like yours since my first job at 22yrs old. I’m excited about my retirement savings. Thanks for sharing, always find good advice here! Happy 4th from Fort Lauderdale! 🎉🌈🔅🌴
Great video Erin! After buying my house, I am now trying to find ways to cut back. Prices are skyrocketing! It feels like I’m splurging at the grocery store. I am definitely going to be more budget conscious when grocery shopping and incorporate more beans and veggie to my meal plans. Plus, I need to refocus on my monthly budget and stop furnishing this house! 😩
Hey Erin, As a new fellow bean connoisseur (BTW - these $0.70 cans were $0.54 a few months ago) - try adding beans (I use the no salt added variety) to a bed of sauerkraut - taste amazing and very filling. 😉
Maybe I need to start cooking them from dry! Dry is probably even cheaper. 😂 I’ll have to give that recipe a try!!
As a social scientist who studies this (organizational psychology), I'll add to the point about money and happiness.
In most studies, there's no detectable point beyond which money does NOT buy happiness. People used to believe there was a cutoff around $70k/yr. If you look at the original research data, you see an asymptote--diminishing returns on happiness per dollar--but even above $500k, more money buys more happiness.
But this effect is truer in America than it is anywhere else in the world. Money buys more happiness for Americans than it does for anyone else in the world.
I can believe that! What money means to you and what it represents is very cultural based - and American's put a far greater emphasis on money than many nations
@@ErinTalksMoney Exactly! I'll add that it's unclear whether this is because other countries decommodify certain goods/services (e.g., daycare), therefore reducing the scope/scale of what people think money can do for them; or, if they decommodify those goods because they culturally believe more dollars shouldn't be related to outcomes in certain spheres of life. Maybe a bit of both.
What would be interesting to see is what % of people said they were living paycheck to paycheck in 2019, just before covid, when costs were down and wages were up. My guess is that rhe % would be very similar to the stats you showed. This inflation is hurting low income people very hard, but as you stated, the more you make, the more you spend. So, those higher income earners have the ability to cut back if they choose.
I saw a stat yesterday on msn saying 28% of households making $250,000 per year were living paycheck to paycheck 🤯🤯🤯
@@ErinTalksMoney living paycheck to paycheck boils down to expensive are same as your income!!! Yes the more you make should make it easy to break that cycle but doesn’t mean it does a lot of time it just means you are spending more
If you make 250000 and your paycheck to paycheck you need to evaluate yourself. That is a lot of money. It is sad that most of americans has an inflationary life style. I’ve seen a lot of people that when they have pay increase they do buy a bigger home, nicer car and so on. Stop living keeping up with the jonesess.
Inflation was created. Price gauging at the gas pump.
I'm probably about the same standard of living now as what I was in 2019 in 2019 I was working full-time so I was able to put more into savings in 2020 I quit my full-time job at the age of 65 living off Social Security only I'm still able to do the same things I did like dining out three times a week with friends just not putting as much into savings every month so I still feel like I'm doing okay. I had a new roof on my house central air and furnace water heater all purchased paid with cash within 5 years of quitting work
Thankfully I was raised by very frugal parents. They were the children of the Great Depression and were teenagers during WW2. They taught all their children - there are nine of us - the importance of saving our money and living below our means. As far as I know, none of my siblings have experienced financial difficulties to a high degree. I met with my financial advisor yesterday ( there is a potential of an early retirement for me in my near future), and after we racked and stacked the numbers, he declared I am in great shape to retire early if I choose.
"But your future"... very wise words indeed!
Instilling good financial habits in their kiddos is one of the best things parents can do. I was speaking with a friend who has an aggressive form of cancer the other day, and he was talking about all the blessings in his life, and one was saying that his two adult kids have good jobs and are able to take care of themselves financially - he said it made him feel so good knowing he didn't have to worry about some one having to take care of them
@@ErinTalksMoney That would be for a parent certainly be proud of.
Erin - may you and your family have a wonderful Independence Day Holiday!
Happy 4th!!
My grandfather on my father's side made all his money during the Great Depression. He owned a lot of theatres or cinemas in Canada also owned around 40 very high priced racehorses that raced at Old Woodbine racetrack in Toronto, Canada. Every horse was named after a drink.
@@parkerbohnn Thanks for sharing!
I am grateful that I am not "most"! While I still have plenty of room for improvement with my budget and retraining my mindset, I am fortunate to have been working on aligning with my ideals for many years now. I have learned that it's just like building muscles working out, hard in the beginning but in time it becomes easier and eventually fun.
I wholeheartedly agree! Hardest to get started…but it gets fun! 🤩
Glad I've been following Dave Ramsey's baby steps
As intended. The more people that live paycheck to paycheck, the more people that look at the government for help
The more people reliant on government, the more powerful the government becomes
The understatement of the century! Well said!
I'm all for people taking charge of their own financial life and not relying on anyone else!
Thats what they want ..
@@ErinTalksMoney Erin you have a channel but how many don't even have 1K subs? Depending on others is not good but without enough income nor purchasing power how can they survive on their own.
Must be a lot of people living paycheck to paycheck in Louisiana. Oklahoma, Arkansas and Mississippi
Hi Erin, this was a great video! To learn the statistics of people living paycheck to paycheck was surprising yet not surprising because of how the economy is right now. And your choice of switching to beans and rice is a great choice. I myself am doing that more often. And that is something that Dave Ramsey suggest to people all the time. And you should balance out your life. ( the reference you made in that black and white video clip) You seem like your working all the time and by all the research you do to prepare for making these awesome videos, really shows and I for one really appreciate your hard work! Thank you 😊
So take some time and enjoy some things that you enjoy doing. And have an awesome 4th of July weekend!
I’m terrible with balance, but admittedly I’m better than I was last year….so incremental improvements 😂 Have a wonderful holiday weekend!
People have been living paycheck to paycheck for years and years even before inflation
Hey, how about a study about people that ALREADY HAVE A SIDE HUSTLE (or... gasp! two side hustles) and that have made all reasonable cuts to their budget, that are STILL struggling to make ends meet? How about instead of strawmanning your way into "it's not the system it's you" shpeal, you demonstrate your knowledge and interest on the paycheck-to-paycheck situation by looking at more realistic scenarios? Like, a part-time teacher with 3 tutoring side gigs, or like a perpetual adjunct instructor with 2 side teaching gigs, or an admin by day, pizza delivery person/Uber driver by night. Look US in the eye and tell us: 'get an additional job, and only buy that morning donut if you can get it for free with your home-brewed coffee.'
As a frugal vegan, I eat copious quantities of rice, beans, potatoes, and oatmeal. Eating out once per week, the grocery bill remains quite managable.
Sound like a pretty healthy diet!
Thank you for sharing your knowledge to say the least….
Keep it going…and smiling….
Thanks for watching Albert! 🙏
Hello Erin,
Your Videos Is Quite Informative.
I'm Retired Military Army Veteran.
Keep Up The Good Work 😎👊‼️
Thank you for your service and your kind words!
Another great video of financial wisdom! Thank you for your service!👏🏾👏🏾👏🏾👏🏾
Thanks!! 😊 🙏
Money can't buy happiness, unfortunately I know multiple millionaires that have committed suicide. Money is a dissatisfier, it staves off dissatisfaction. Correct you need the minimal money needed to care for your needs, (Food, Shelter, transportation) but after that money affords you opportunities to have and do nice things, but you can't buy happiness.
To answer that question, It depends on what brings you happiness. There is no one answer for everyone. Rest assured that money certainly can buy happiness for many people, just not for everyone.
Hi Erin, so, this content was really, really good. And your delivery is getting more and more conversational (with the tiny exception of pronouncing the word ‘the’ as “thee”, not preceding a hard vowel, just once). But you now might think about the audio. Your room is big, with echo. So what to do? Well, there are about a thousand ways to improve it but I like cheap, Amazon, sound dampening panels as a first step. But, since audio is so important, you might think about moving to a smaller space in the house, with all echo removed. Basically a recording studio at home. You’re a pro now, might as well take the next steps, again, cheaply!! Nice work!
A little backstory - originally I was going to use a spare bedroom as a recording room - BUT it faces the direction they are building other condos. so it comes with the sounds of hammering, trucks and a lovely compressor. 😬 BUT - we are remodeling our basement - I will have a recording room down there once it is done! But it's going to be another month or two ...but it's coming!!!
It’s already great, I’m just hoping to see you keep leveling up. Again, all the work you have been putting in definitely shows.
I appreciate this video. Thank you!
I can afford to pay my bills in full each month but I can't afford to live without my job so there for I consider myself living paycheck to paycheck.
Loved the subliminal “Finance is Personal” message at the nine minute mark.
Excellent content Erin! Always appreciate your work.
Take a day or two off and enjoy the holiday.
Tony
I had major plans to get work done today - but life had other plans… 😬 Peanut had a health scare today but seems to be doing well now, but he’s got me following him like a hawk!
Great video Erin. Experiences are more important to me than things. Having retired during Covid I found the thing I've enjoyed most is volunteering with kids. It doesn't cost much but wow... what an impact on me.
I feel like when you give to others - in anyway - the positive impact it has on you is almost overwhelming 😊🙏 simply wonderful
Yeah!?prices everywhere indeed, home insurance shot up with all the prices Aswell.
The U.S. stock market officially is not in a bear market. The DOW still hasn't dropped 20 percent or more from its all time high.
Really great advice Erin, thanks. Money is easy to spend, hard to earn. It doesn't matter how much you make - it is so easy to spend it all and then some! Very well articulated!
Pay yourself first...treat it as an expense.
Amen to that 👏👏
Just thankful I am in a position to save 30% of my pay and still love very comfortably. The %s of struggling Americans always are hard to hear.
Great savings rate! 🙌🙌
Wow this is such a well thought out video, thank you
Thanks so much! 😊
Beans, beans their good for your heart, the more you eat makes the savings cycle start.When savings starts the better you will feel, then you can afford to go out for a proper meal!😂
😂😂😂😂😂
Most families have always lived pay check to pay check they just don't go on social media and talk about it. Prioritize your needs from your wants and be prepared to make sacrifices. Delayed gratification can sometimes be your best friend.
Hey I live in Fort Wayne. Love your videos Erin!
Thanks!! 😊
Dave Ramsey would approve of this video!
Great video, Erin! Thanks for sharing all the content you do. It’s unfortunate to hear about the high percentage of Americans living paycheck to paycheck. However, many of the high earners might be living this way because their spending is much higher than what it should be, and there are costs they could probably cut that are not essential.
So true!! Thanks for the kind word Veronica! 🙏
I eat one big meal every other day. Helps my weight stay in check too!
Cut Netflix, Hulu, Disney, etc. before your investments
YES!!! 🙌
its simple live below youre means and no need for a credit card.
I wanted a Motorcycle like when I was young, but the wife says no way! I will try the "spending on what brings you joy." line.
You two enjoy your 4th.
Be safe if you get one!!!
I have always been very frugal with my money over the 26+ years we've been married, but when my wife gets hair extensions, manicured nails, an extremely large walk in closet filled with just all her clothes without conferring with me than she loses the right to tell me, "no". I can fully understand why your wife doesn't want you to have a motorcycle as they are a very dangerous mode of transportation. I talked to my wife about myself also getting a motorcycle and she is hesitant, but okay with it as she better be. I'd be a new rider so nothing fancy and most importantly nothing expensive, not looking for a Harley to go flying up the highway at 80mph. I'm looking at pulling the trigger sometime next year as when it comes to spending money I don't move very fast.
@@michaelb.8953 I always wanted a Kawasaki KZ-900 in 1975, well they just came out with a 2022 Kawasaki Z900RS, Yes it is very fast but I rode bikes for years, but once we had our first kid she asked me to get rid of it and I did. Now at 64 and no bills, and the kids are all out of the house I thought I would pick one up. But my wife just does not want me to. I have done without one since 1990 I will be fine! I rather keep her happy, I'm sure you know why! ..
Erin this may not be the correct show but you talked about you an your husband eating beans ionstead of stake. I love bush beans I am just wonder what you eat with the beans to "make a meal" Thank you
Can you do a story on health care? Often people who are responsible go into bankruptcy because of health care costs
I completely discount the term “paycheck to paycheck” until I get to see a breakdown of their bills. I’d wager most of these people have too much car, too much house, and too much for everything else. Yes there are some people truly struggling but I’d like to know what percent that actually is.
Beans and rice. Rice and beans. That's my diet
Any finance channel promoting beans has my vote.
Great video Erin.
Thanks for watching!! 😊
Can beans Yuck! If you own a crock pot, you can make your own... buying a small bag of beans is cheaper then a can. without the sugar.
Erin you are wise beyond your years!
Thanks Randy!
I am curious if there has been any studies in savings rate, net worth based on careers and professions?
humm...idk...I can do some research and see what I can dig up! That could make for an interesting video
Have you watch the paycheck to paycheck video from Marko the whiteboard finance guy? I like both of you approach even tho they are different
I feel for your husband with your high bean diet 😆🤣🤣
I just knew there would be one comment like this 😂
Frugality is in my bones too!!
Hi from Vancouver WA!
I lived in Vancouver, WA! I miss it so much…hoping to move back one day…and I miss shopping and Chucks!! Best grocery store EVER!
@@ErinTalksMoney Come visit anytime! And move back here too. Chucks is still here, but they have new owners. Great fresh produce!
Does that mean they are open on Saturday now!?!?
@@ErinTalksMoney The ownership changed maybe 3 months ago. Right after the change in ownership they started opening 7 days a week....at least the one on Mill Plain is (I think they both are open 7 days now).
What will they do...??? Stress 😬😳 and work...
Brilliant Chanel great content
🙏🙏🙏
I lowered my 401K contributions from 18% to 10%, but I am stuffing about 30% into a swab account. So it might look like I am investing less if someone is tracking it.
Thank you Erin.
Thanks for watching J Dean!
More Americans living paycheck-to-paycheck than last year? How can that be? We have certain politicians telling us Americans are doing as well as they ever have. Hmm...
@@pensacola321 non sequitur
@@pensacola321 There was no reference to any specific political party in my post, so it's a non sequitur. Sorry you're a dumbed down sheep who must fabricate slights and jump to defend whatever political party you align with though. Get a grip
It is use about paycheck to paycheck. So don’t listen to politicians.
Your video thumbnail depicts you with wavy hair. I click on the video and you have straight hair. False advertising! : ) besides that....great video, Erin. Keep up the great work.
😂 😂
I don't want to live in a world where my meat is replaced with beans.
the end is near
I wish I could live paycheck to paycheck. I can almost make a week ok.
I live paycheck to paycheck, but I always carry a surplus. If I have a major purchase, I dip into my savings and investments.
I love to hear that you always carry a surplus! 😊
@@ErinTalksMoney I have a budget that keeps my expenses below my income. Planning is essential, but not everyone has that discipline. Speaking of discipline, it is essential too.
@@pensacola321My paycheck covers my expenses until my next paycheck. Any surplus is dumped into my savings account. I consider that living from paycheck to paycheck, but that is just me.
@@pensacola321 Dude I agree with your definition. Not having anything left over after paying bills is my definition and even when you do have some left over if it is not a lot you could still be in that position if you work too few hours next time.
You're paying 70 cents for a can of beans? You need a new bean guy.
😂 maybe I need to comparison shop! I saw them for 90 cents at one store and I wars like, heck no! Back to the 70 cent store
Hmmmm 🤔… i just watched a video right before this video and it said 78% of people are living pay check to pay check and that video was made 7 months ago, your video that you posted 64 % of people living pay check to pay check and your video was posted 2 months ago.
But Joe Biden told me he was going to give free stuff that will make me happy.
Lol six figure earner feeling the pinch?
0:40 Ridiculous...stop wasting money...
again, here's some childish nonsense offered up by an acolyte of Suzie Norman = as she's previously described, she was/is a fam of since childhood = it's like watching a Christian describe how charmed they were w/ Lucifer = & being PROUD of it! Sad, & worse - shameless
We're thinking of retiring early to Portugal. This administration just stinks.
If you do, you’ll have to make a RUclips channel on it Wendy! 😊
@@ErinTalksMoney yes! I was thinking that would be a great source of income ☺️
Student & car loan payments are probably taking up a lot of those incomes. Not having either has provided the space for me to invest.
Another good video, thanks Erin!
Thanks Brent! 🙏
NICE VIDEO!!