7 Frugal Habits To Save Money (while still living your Rich Life)

[00:18:33]
Ramit:
Before
we
do
work
on
some
other
reduction,
I
just
want
to
look
at
the
rest.
Investments,
you’re
at
8%.
All
right,
so
you’re
putting
400
bucks
a
month
away
into
retirement,
which
is
why
you
have
$38,000
invested.
All
right,
fine.

[00:18:47]
Elizabeth:
Yeah.
That’s
the
only
reason
we
have
anything
invested.

[00:18:50]
Ramit:
So
what’s
the
lesson?

[00:18:52]
Elizabeth:
If
I
can’t
see
it
go,
then
it’s
fine.

[00:18:57]
Ramit:
If
you
want
your
money
to
go
somewhere,
you
need
to
make
it
automatic.
Whatever
is
left,
you’re
going
to
spend
it.
Might
as
well
just
be
humble
about
it
and
admit
it.
Look,
I
have
my
own
weaknesses.
You
put
chips
and
salsa
in
front
of
me,
I’m
eating
that
whole
freaking
thing.
I
know
that.
I’m
only
going
to
eat
at
a
Mexican
restaurant
when
I
know,
ah,
it’s
going
to
be
chips
and
salsa
all
night
for
Ramit.

[00:19:20]
Elizabeth:
Yeah.

[00:19:21]
Ramit:
I’m
humble
enough
to
know
it.
You
got
to
be
humble
enough.
It’s
not
about
trying.
It’s
not
about
manually
tracking
in
a
notepad.
None
of
that
stuff
matters.
It’s
about
automating
your
money
to
go
where
you
want
it
to
go,
simple
as
that.
We
need
to
get
this
number
down
to
roughly
50,
maybe
60%.

[00:19:40]
Elizabeth:
Like
I
said,
we’ve
tried
to
get
out
of
debt
many
times,
and
we
never
get
out
of
debt
ever.
That’s
why
it
keeps
accumulating.
It
just
keeps
getting
worse.

[00:19:52]
Ramit:
Eating
out.
What
else?

[00:19:54]
Elizabeth:
I
would
buy
a
lot
of
movies
online.

[00:19:59]
Ramit:
What?

[00:20:00]
Elizabeth:
Like
at
$5
a
pop,
digital
movies.

[00:20:04]
Ramit:
What?

[00:20:05]
Elizabeth:
That
was
something
else
I
like
to
buy.

[00:20:06]
Ramit:
Wait,
hold
on.
You
have
$185
a
month
in
subscriptions.
I
presume
that’s
like
Disney
plus,
Netflix,
all
that
stuff,
right?

[00:20:13]
Elizabeth:
Yes.

[00:20:13]
Jonathan:
Mm-hmm.

[00:20:13]
Ramit:
So
you’re
buying
on
top
of
those.

[00:20:15]
Elizabeth:
Yes,
I
am.
I
stopped.
Jon
made
me
stop,
so
I
did
stop.

[00:20:20]
Ramit:
What’d
you
say,
Jon?

[00:20:21]
Jonathan:
Can
we
really
afford
that?
You
need
to
stop.
It
all
adds
up.

[00:20:26]
Elizabeth:
No,
he
told
me
to
stop.
He
said
I
wasn’t
allowed
to
buy
any
more
movies.