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

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Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 14 September 2017

⏱️ 9 minutes

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Summary

J. Money of Budgets Are Sexy goes through a magazine article that claims you can save $50 a day without pain. Episode 404: Save $50 a Day & Feel No Pain? Hmm I Dunno About That by J. Money of Budgets Are Sexy (FIRE). J. Money is a 6’1, hyperactive, rock a ‘hawk who loves drinking beer, blaring hip-hop, talking about money, and now playing with his two adorable baby boys. He tracked his expenses for 3 months, made a budget, read some books, and stumbled into personal finance blogging and idea sharing, randomly turning BudgetsAreSexy.com into his full time “real job” a few short years later--14 million views later! The original post is located here: http://www.budgetsaresexy.com/save-50-day-and-feel-no-pain-hmmi-dunno Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily.
0:01.9	Episode 404, save $50 a day and feel no pain?
0:06.2	Hmm, I don't know about that.
0:07.8	By J Money of Budgets are sexy.
0:10.7	And I am Dan, your host, happy Thursday to all of you, and thanks so much as always for being here.
0:15.0	I'm going to keep this intro nice and short for you today, so let's get right to it as we optimize your life. Save $50 a day and feel no pain?
0:28.0	Hmm, I don't know about that.
0:30.0	By J-Money of Bud are Sexy.com.
0:34.0	As many of you know, I'm a huge magazine addict.
0:37.0	I like all the pretty pictures.
0:38.0	So it's no surprise that I devour about four to five personal finance magazines every month, all of which excite me.
0:45.1	Every now and then though, I come across some advice that I personally have a hard time agreeing
0:49.2	with. The cover story, save $50 a day and feel no pain in this month's Kiplinger mag, March, being one of them.
0:56.7	Now before I get into it, keep two things in mind.
0:59.2	One, my opinion is certainly biased.
1:01.2	And two, I still think Kiplingers is a kick-a-mag although not my favorite
1:05.3	that would be money mag that being said not everything you do to save 50 dollars a day is
1:10.0	necessarily going to be smart and I'm feeling feisty enough today to explain why.
1:14.0	But because I'm also a lover, I'll also share the tips that I happen to agree with as well, but let's start with the bad ones first.
1:21.2	The three tips I hate it.
1:23.0	1. Boost the deductibles on your insurance.
1:26.0	Increasing the deductibles on your comprehensive and collision coverage from $500 to $1,000 or even
	...

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