1 00:00:03,200 --> 00:00:06,400 Speaker 1: Welcome to Before Breakfast, a production of I Heart Radio. 2 00:00:09,280 --> 00:00:13,640 Speaker 1: Good Morning, This is Laura, Welcome to the Before Breakfast podcast. 3 00:00:14,440 --> 00:00:18,040 Speaker 1: This week, we're talking about the relationship between time and money. 4 00:00:18,920 --> 00:00:22,880 Speaker 1: Often we wind up exchanging one for the other. But 5 00:00:22,920 --> 00:00:24,920 Speaker 1: today's tip is about a few things you can do 6 00:00:25,000 --> 00:00:28,720 Speaker 1: to save time and money when whenever. One of these 7 00:00:28,760 --> 00:00:32,040 Speaker 1: is an option that's great. So here are five of 8 00:00:32,080 --> 00:00:37,960 Speaker 1: my favorite frugal time saving hacks. Frugal hack number one, 9 00:00:38,880 --> 00:00:43,120 Speaker 1: get the things you need in bulk. Shopping takes time 10 00:00:43,159 --> 00:00:45,320 Speaker 1: and money, so when you know you're gonna need a 11 00:00:45,360 --> 00:00:47,639 Speaker 1: lot of something, it's best to pay as little per 12 00:00:47,680 --> 00:00:50,239 Speaker 1: item as you can and get a lot so you 13 00:00:50,240 --> 00:00:52,720 Speaker 1: don't have to go back to the store. This is 14 00:00:52,720 --> 00:00:55,760 Speaker 1: straightforward enough with stuff like paper towels, but one of 15 00:00:55,800 --> 00:00:58,400 Speaker 1: the biggest savings is to think this way about cash. 16 00:00:59,280 --> 00:01:01,680 Speaker 1: Many a t charge fees, but it tends to be 17 00:01:01,720 --> 00:01:05,119 Speaker 1: the same fee whether you're withdrawing sixty or three dollars. 18 00:01:05,840 --> 00:01:07,600 Speaker 1: So if you're at a place where you have three 19 00:01:08,280 --> 00:01:11,960 Speaker 1: in your account, withdraw the bigger amount, keep it somewhere safe, 20 00:01:12,360 --> 00:01:15,240 Speaker 1: and then become your own fee free. A t M 21 00:01:15,240 --> 00:01:18,000 Speaker 1: withdrawing smaller amounts when you need it, but only paying 22 00:01:18,000 --> 00:01:21,000 Speaker 1: the fee once. Plus, you don't have to spend time 23 00:01:21,040 --> 00:01:24,280 Speaker 1: going to the a t M. Frugal hack number two 24 00:01:24,959 --> 00:01:28,360 Speaker 1: eat at home unless you're doing it up big. I 25 00:01:28,440 --> 00:01:31,040 Speaker 1: love fancy restaurants, but when you eat out, it takes 26 00:01:31,040 --> 00:01:33,160 Speaker 1: time to drive there and order and get yourself home. 27 00:01:33,760 --> 00:01:36,240 Speaker 1: If the food is great, that's awesome, but if not, 28 00:01:36,520 --> 00:01:39,000 Speaker 1: it would be cheaper and quicker to heat up a 29 00:01:39,040 --> 00:01:41,360 Speaker 1: prepared meal or make a simple meal yourself at home. 30 00:01:42,160 --> 00:01:46,200 Speaker 1: In general, simplicity saves time and money, whether that's with 31 00:01:46,280 --> 00:01:50,600 Speaker 1: food or anything else. Simple outfits tend to cost less 32 00:01:50,600 --> 00:01:53,120 Speaker 1: than more complex ones, and they take less time to 33 00:01:53,120 --> 00:01:56,960 Speaker 1: put together. Simple home decor is a win too. It 34 00:01:57,000 --> 00:02:00,000 Speaker 1: takes less time and money to display two decorative objects 35 00:02:00,320 --> 00:02:04,960 Speaker 1: versus twenty. Frugal hack number three work from home one 36 00:02:05,040 --> 00:02:08,120 Speaker 1: day a week if possible. Of course, not all jobs 37 00:02:08,120 --> 00:02:11,400 Speaker 1: can be done remotely, but if yours can, working from 38 00:02:11,440 --> 00:02:13,600 Speaker 1: home one day a week saves time on the commute 39 00:02:13,960 --> 00:02:16,960 Speaker 1: and money for gas or train passes. If you can 40 00:02:17,040 --> 00:02:19,200 Speaker 1: dress casually on those days, you might save money on 41 00:02:19,280 --> 00:02:23,399 Speaker 1: dry cleaning as well. That's a definite win. Frugal hack 42 00:02:23,480 --> 00:02:28,160 Speaker 1: number four borrow e books from your library. If you 43 00:02:28,200 --> 00:02:30,480 Speaker 1: have a library card, you can use the libby app 44 00:02:30,560 --> 00:02:33,639 Speaker 1: to borrow e books from your local library. You can 45 00:02:33,680 --> 00:02:35,799 Speaker 1: browse the shelves without having to get in your car 46 00:02:35,840 --> 00:02:38,480 Speaker 1: and go to the library, and borrowing books is cheaper 47 00:02:38,480 --> 00:02:41,440 Speaker 1: than buying them. Borrowing in general is often a time 48 00:02:41,480 --> 00:02:45,079 Speaker 1: and money saving strategy. If one person on your block owns, 49 00:02:45,080 --> 00:02:47,720 Speaker 1: say a thirty cup coffee maker, and someone else owns 50 00:02:47,720 --> 00:02:50,080 Speaker 1: a lot of folding chairs, you can pass these around 51 00:02:50,120 --> 00:02:52,720 Speaker 1: whenever someone's having a party, and then you don't all 52 00:02:52,800 --> 00:02:54,760 Speaker 1: have to spend the time working to afford the money 53 00:02:54,840 --> 00:02:56,799 Speaker 1: to buy each of these things that don't get used 54 00:02:56,800 --> 00:03:00,920 Speaker 1: that often. Frugal hack number five. This is our investors 55 00:03:00,919 --> 00:03:04,520 Speaker 1: here invest in index funds. One of the things that 56 00:03:04,560 --> 00:03:06,760 Speaker 1: scares people about investing is that they think they're going 57 00:03:06,800 --> 00:03:08,720 Speaker 1: to need to spend a lot of time figuring out 58 00:03:08,760 --> 00:03:11,080 Speaker 1: the right stocks to buy. What do they need to 59 00:03:11,120 --> 00:03:13,800 Speaker 1: know about each of these companies. It's true that there 60 00:03:13,840 --> 00:03:16,400 Speaker 1: are people in the investment world who research hot stocks 61 00:03:16,440 --> 00:03:19,200 Speaker 1: as their full time jobs, and yet for all their 62 00:03:19,200 --> 00:03:22,120 Speaker 1: work and their high fees, the vast majority of these 63 00:03:22,120 --> 00:03:24,720 Speaker 1: people don't manage to beat the market in the long run. 64 00:03:25,480 --> 00:03:27,760 Speaker 1: Invest In index funds, and you don't need to spend 65 00:03:27,840 --> 00:03:30,119 Speaker 1: time worrying about which industry is going up and which 66 00:03:30,120 --> 00:03:32,839 Speaker 1: industry is going down. And the fees are far less 67 00:03:32,840 --> 00:03:36,200 Speaker 1: than you'd pay to actively manage anything. So those are 68 00:03:36,240 --> 00:03:38,560 Speaker 1: just a few of my favorite ideas for saving time 69 00:03:38,800 --> 00:03:41,440 Speaker 1: and money. I'd love to hear the ideas that you 70 00:03:41,480 --> 00:03:44,320 Speaker 1: come up with. You can email me at Before Breakfast 71 00:03:44,320 --> 00:03:47,800 Speaker 1: podcast at high heart media dot com. In the meantime, 72 00:03:48,240 --> 00:03:51,200 Speaker 1: this is Laura. Thanks for listening, and here's to making 73 00:03:51,200 --> 00:04:00,400 Speaker 1: the most of our time. Hey, everybody, I'd love to 74 00:04:00,440 --> 00:04:03,360 Speaker 1: hear from you. You can send me your tips, your questions, 75 00:04:03,480 --> 00:04:07,240 Speaker 1: or anything else. Just connect with me on Twitter, Facebook 76 00:04:07,320 --> 00:04:12,560 Speaker 1: and Instagram at Before Breakfast pod. That's b the number 77 00:04:12,600 --> 00:04:16,760 Speaker 1: four then Breakfast p o D. You can also shoot 78 00:04:16,800 --> 00:04:20,200 Speaker 1: me an email at Before Breakfast podcast at i heeart 79 00:04:20,240 --> 00:04:23,040 Speaker 1: media dot com. That Before Breakfast is spelled out with 80 00:04:23,080 --> 00:04:25,839 Speaker 1: all the letters. Thanks so much, I look forward to 81 00:04:25,839 --> 00:04:34,039 Speaker 1: staying in touch. Before Breakfast is a production of I 82 00:04:34,160 --> 00:04:38,040 Speaker 1: Heart Radio. For more podcasts from I heart Radio, visit 83 00:04:38,080 --> 00:04:41,480 Speaker 1: the i heart Radio app, Apple Podcasts, or wherever you 84 00:04:41,480 --> 00:04:42,720 Speaker 1: listen to your favorite shows.