3056: Save $50 a Day & Feel No Pain? Hmm I Dunno About That by J. Money of Budgets Are Sexy

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 28 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3056: J. Money explores whether saving $50 a day is realistic and how to make it painless. By identifying small spending leaks, making simple swaps, and staying intentional with money, you can build a solid financial cushion without feeling deprived. These practical tips prove that smart saving is more about mindset than sacrifice. Read along with the original article(s) here: https://www.budgetsaresexy.com/save-50-day-and-feel-no-pain-hmmi-dunno/ Quotes to ponder: "Saving money isn’t always about cutting out the fun, it’s about being more intentional with where your dollars go." "When you track your spending, you start to notice patterns and little leaks where money slips away unnoticed." "Small changes, like brewing coffee at home or packing lunch, add up faster than you think." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.7	This is Optimal Finance Daily. Save $50 a day and feel no pain? Hmm, I don't know about that.
0:39.4	By J Money of Budgets or Sexy.com. As many of you know, I'm a huge magazine addict. I like all the pretty pictures.
0:47.8	So it's no surprise that I devour about four to five personal finance magazines every month,
0:53.6	all of which excite me. Every now and then,
0:56.3	though, I come across some advice that I personally have a hard time agreeing with. The cover story,
1:02.8	save $50 a day and feel no pain, being one of them. Now, before I get into it, keep two things
1:09.5	in mind. Number one, my opinion is certainly biased.
1:13.6	And number two, I still think Kiplingers is a kick-ass mag,
1:18.4	though not my favorite, that would be money mag.
1:21.3	That being said, not everything you do to save $50 a day
1:24.5	is necessarily going to be smart,
1:26.7	and I'm feeling feisty enough today to explain
1:29.3	why. But because I'm also a lover, I'll also share the tips that I happen to agree with as well.
1:35.3	But let's start with the bad ones first. Three tips I hated. Number one, boost the deductibles on your
1:44.0	insurance. Quote, increasing the deductibles on your insurance. Quote, increasing the deductibles on your
1:47.8	comprehensive and collision coverage from $500 to $1,000 or even $2,500, can reduce your premiums by 12 to
1:57.8	$18, possibly saving you $648 a year, end quote.
	...

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