9 Things I Stopped Buying To Make More Money 2023
Published: 2023-08-06
Status:
Available
|
Analyzed
Published: 2023-08-06
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Investing more upfront in a known effective product or service will be more cost-effective in the long run than trying multiple cheaper options.
"I pay a bit more upfront on something if I know it means it's going to work and that's a lot more cost effective in the long run."
Pending
A dermatologist consultation led to the use of only two recommended products, costing a total of $40, which have been effective for two years.
"I paid for one one of consultation with a dermatologist to see what my skin needed and then today two years on I'm still using the only two products that were recommended which in total cost me the equivalent of forty dollars and that's it."
Pending
Shift from buying items like face masks and food in bulk packages to a 'buy as I need' strategy.
"I used to buy stuff as packages all the time extra face masks extra food items but now I have a strict buy as I need strategy."
Pending
Selling a car results in significant savings on lease/finance, fuel, maintenance, insurance, and other associated costs.
"Since I sold my car I have so much more left over because I'm saving not only on the lease or the finance or the ongoing payments it's also the money that I'm saving on fuel and maintenance insurance and all the other hidden costs that go into car ownership."
Pending
Using public transport and occasional Uber rides is significantly cheaper than owning a car.
"I get the public transport everywhere and when I do need a car I'll just get an Uber and the price of that the amount of times I get an Uber within a month is way less than the cost of car ownership."
Pending
The speaker now buys only a few statement decor pieces and essential furniture, rather than accumulating many items.
"I buy a few statement pieces you've already seen my home office tour the same also goes for my living room and for my bedroom other than the main items that I really need or want like a coffee table so far dining table and chairs I don't really keep anything else."
Pending
Previously spent a significant portion of income on designer clothing primarily for the brand name, which did not increase in value or justify its price.
"A good chunk of every paycheck for me used to go on costly designer stuff that a didn't increase in value and B wasn't even worth the price tag to start with I bought them mainly for the brand name."
Pending
Implementing a 48-hour waiting period before making any purchase.
"Now if I see something that I like before I go to put it into my shopping cart and check out pause and wait 48 hours before buying that thing."
Pending
If the desire to purchase persists after 48 hours, the item is bought; otherwise, it's considered an impulsive purchase avoided.
"After that 48 hour period passes if I'm still thinking about it I'll go ahead and buy it but if I'm not it was just an impulsive buy and I've dodged unnecessary spending."
Pending
Prefers to read book summaries first and only purchase the full book if the summary is liked, thus avoiding wasted money on disliked books.
"I'll first consume most books through a summary app and then if I like the book and I like the summary I'll go ahead and buy the full thing and read it but if I don't like it then I'm not wasting money on buying it."
Pending
Previously purchased clothing specifically for anticipated events, which often went unworn or were only worn once, with tags still attached for extended periods.
"I used to constantly buy outfits for hypothetical events those oh this will be perfect for my friend's dinner party or I'll wear this for the next holiday I go on kind of clothes and these clothes they just ended up sitting in my wardrobe maybe I'd wear them once but for most of them the tags were attached still months or years later."
Pending
Adopting a strategy of buying timeless, versatile clothing and only purchasing items for future events if they are immediately needed.
"Now I buy a lot of Timeless pieces that I know will go with most things and won't go out of fashion and secondly I won't buy hypothetical event clothing anymore if I need something that our buyer and wear it immediately if it's for a future event I'll buy it if I need it."
Pending
Stopped spending money on professional nail, hair, and eyelash treatments.
"I pretty much never spend money on getting my nails or my hair or my eyelashes done anymore."
Pending