4.7 • 1.1K Ratings
🗓️ 19 January 2015
⏱️ 3 minutes
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Don't fritter away the temporary savings of low gas prices!
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0:00.0 | Hello, whinabbers. My name is Jesse Meekham and this is podcast number 155 where you need a budget where we teach |
0:16.1 | you four rules to help you stop living paycheck to paycheck, get out of debt and save more money. |
0:22.1 | And my word can you save money at the pump lately it is all the |
0:27.1 | rage and easy because nobody has done anything about it and you just go and get to enjoy a far cheaper |
0:36.7 | price than I remember seeing in a long time I'm no gasoline price junkie I don't |
0:41.6 | actually look at gasoline prices very often neither does Julie I know |
0:46.1 | this because today on the way to the gym she said oh my gosh they're selling |
0:51.1 | gas for a dollar seventy nine. |
0:53.0 | And I said, Julie, they've been selling gas for a dollar seventy nine for a little while now. |
0:57.0 | It is low. And she said, under two dollars, that's crazy. |
1:01.0 | I said, it's been under two dollars for a while. Anyway, we don't look a ton of gas prices |
1:07.0 | for two reasons. One, because we don't drive the cars a whole lot. My commute is super, super tiny if I even take a car and Julie with |
1:16.8 | homeschooling out doesn't have to drive the car all over the place nearly as |
1:20.9 | much. So we don't spend a ton on gas and it's not a topic of |
1:25.0 | conversation for us. Those of you with massive commutes at the moment, I can see |
1:30.2 | that you know this would be a big deal we're talking about a 50% cut in what for some |
1:36.8 | of you is a massive expense I was talking with a friend who spends close to $800 a month on gasoline driving around for his business and suddenly he's spending 400 and it well not suddenly but over the last little while and it's game-changing. So what do you do with the the question. My approach would be for you to pretend that you're still paying normal |
2:07.0 | prices. Then when the prices come back, you won't have acclimated to higher spending in some other categories and you'll be ready to |
2:14.7 | rock and roll. |
2:15.8 | If you want to do a little bit of a mix, you could just pretend that the price is maybe 25% higher, 30% higher, whatever it is. |
2:25.4 | But budget, start padding your gas category. |
2:29.3 | Don't take the money that you're saving right now |
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