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RL167 — Trimming the Budget Fat: 13 Tips for Success
Manage episode 362390832 series 3197371
Content provided by Roshan Loungani, Erik Olson & Adrian Nicholson, Roshan Loungani, Erik Olson, and Adrian Nicholson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Roshan Loungani, Erik Olson & Adrian Nicholson, Roshan Loungani, Erik Olson, and Adrian Nicholson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode of the Retirement Lifestyle Show, Erik Olson and Adrian Nicholson break down 13 money hacks to help you trim the fat from your budget and save more money. They cover topics like when to consider buying generic products, how to reduce your energy bill, and why you should consider cooking your own meals instead of dining out.
[00:00] Introduction
[02:45] Why Cutting Down Fat in Your Budget is Important
[04:30] Credit Card Debt and High-Interest Rates
[08:50] Have a Shopping List and Stick to it
[10:30] Consider Buying Generic Products
[11:57] Reduce the Number of Times You Dine Out
[15:08] Find and Cancel Unwanted Subscriptions
[17:05] Reduce Your Energy Bill
[18:36] Cut Transportation Costs
[24:49] Learning to Avoid ATM Fees
[26:47] Using Cash Instead of Credit Cards
[29:37] Buy During Sales or Events
[30:54] Rent or Borrow Items
[32:40] Consider Switching to a More Affordable Cell phone
[37:43] Reduce Entertainment Costs
[38:41] Save Money When Travelling
[41:53] Parting Thoughts
Roshan can be reached at roshan.loungani@aretewealth.com or at 202-536-4468. Erik can be reached at erik.olson@aretewealth.com or 815-940-4652. Adrian can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905.
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All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.
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