WEBVTT - Save time and money

0:00:03.200 --> 0:00:06.400
<v Speaker 1>Welcome to Before Breakfast, a production of I Heart Radio.

0:00:09.280 --> 0:00:13.640
<v Speaker 1>Good Morning, This is Laura, Welcome to the Before Breakfast podcast.

0:00:14.440 --> 0:00:18.040
<v Speaker 1>This week, we're talking about the relationship between time and money.

0:00:18.920 --> 0:00:22.880
<v Speaker 1>Often we wind up exchanging one for the other. But

0:00:22.920 --> 0:00:24.920
<v Speaker 1>today's tip is about a few things you can do

0:00:25.000 --> 0:00:28.720
<v Speaker 1>to save time and money when whenever. One of these

0:00:28.760 --> 0:00:32.040
<v Speaker 1>is an option that's great. So here are five of

0:00:32.080 --> 0:00:37.960
<v Speaker 1>my favorite frugal time saving hacks. Frugal hack number one,

0:00:38.880 --> 0:00:43.120
<v Speaker 1>get the things you need in bulk. Shopping takes time

0:00:43.159 --> 0:00:45.320
<v Speaker 1>and money, so when you know you're gonna need a

0:00:45.360 --> 0:00:47.639
<v Speaker 1>lot of something, it's best to pay as little per

0:00:47.680 --> 0:00:50.239
<v Speaker 1>item as you can and get a lot so you

0:00:50.240 --> 0:00:52.720
<v Speaker 1>don't have to go back to the store. This is

0:00:52.720 --> 0:00:55.760
<v Speaker 1>straightforward enough with stuff like paper towels, but one of

0:00:55.800 --> 0:00:58.400
<v Speaker 1>the biggest savings is to think this way about cash.

0:00:59.280 --> 0:01:01.680
<v Speaker 1>Many a t charge fees, but it tends to be

0:01:01.720 --> 0:01:05.119
<v Speaker 1>the same fee whether you're withdrawing sixty or three dollars.

0:01:05.840 --> 0:01:07.600
<v Speaker 1>So if you're at a place where you have three

0:01:08.280 --> 0:01:11.960
<v Speaker 1>in your account, withdraw the bigger amount, keep it somewhere safe,

0:01:12.360 --> 0:01:15.240
<v Speaker 1>and then become your own fee free. A t M

0:01:15.240 --> 0:01:18.000
<v Speaker 1>withdrawing smaller amounts when you need it, but only paying

0:01:18.000 --> 0:01:21.000
<v Speaker 1>the fee once. Plus, you don't have to spend time

0:01:21.040 --> 0:01:24.280
<v Speaker 1>going to the a t M. Frugal hack number two

0:01:24.959 --> 0:01:28.360
<v Speaker 1>eat at home unless you're doing it up big. I

0:01:28.440 --> 0:01:31.040
<v Speaker 1>love fancy restaurants, but when you eat out, it takes

0:01:31.040 --> 0:01:33.160
<v Speaker 1>time to drive there and order and get yourself home.

0:01:33.760 --> 0:01:36.240
<v Speaker 1>If the food is great, that's awesome, but if not,

0:01:36.520 --> 0:01:39.000
<v Speaker 1>it would be cheaper and quicker to heat up a

0:01:39.040 --> 0:01:41.360
<v Speaker 1>prepared meal or make a simple meal yourself at home.

0:01:42.160 --> 0:01:46.200
<v Speaker 1>In general, simplicity saves time and money, whether that's with

0:01:46.280 --> 0:01:50.600
<v Speaker 1>food or anything else. Simple outfits tend to cost less

0:01:50.600 --> 0:01:53.120
<v Speaker 1>than more complex ones, and they take less time to

0:01:53.120 --> 0:01:56.960
<v Speaker 1>put together. Simple home decor is a win too. It

0:01:57.000 --> 0:02:00.000
<v Speaker 1>takes less time and money to display two decorative objects

0:02:00.320 --> 0:02:04.960
<v Speaker 1>versus twenty. Frugal hack number three work from home one

0:02:05.040 --> 0:02:08.120
<v Speaker 1>day a week if possible. Of course, not all jobs

0:02:08.120 --> 0:02:11.400
<v Speaker 1>can be done remotely, but if yours can, working from

0:02:11.440 --> 0:02:13.600
<v Speaker 1>home one day a week saves time on the commute

0:02:13.960 --> 0:02:16.960
<v Speaker 1>and money for gas or train passes. If you can

0:02:17.040 --> 0:02:19.200
<v Speaker 1>dress casually on those days, you might save money on

0:02:19.280 --> 0:02:23.399
<v Speaker 1>dry cleaning as well. That's a definite win. Frugal hack

0:02:23.480 --> 0:02:28.160
<v Speaker 1>number four borrow e books from your library. If you

0:02:28.200 --> 0:02:30.480
<v Speaker 1>have a library card, you can use the libby app

0:02:30.560 --> 0:02:33.639
<v Speaker 1>to borrow e books from your local library. You can

0:02:33.680 --> 0:02:35.799
<v Speaker 1>browse the shelves without having to get in your car

0:02:35.840 --> 0:02:38.480
<v Speaker 1>and go to the library, and borrowing books is cheaper

0:02:38.480 --> 0:02:41.440
<v Speaker 1>than buying them. Borrowing in general is often a time

0:02:41.480 --> 0:02:45.079
<v Speaker 1>and money saving strategy. If one person on your block owns,

0:02:45.080 --> 0:02:47.720
<v Speaker 1>say a thirty cup coffee maker, and someone else owns

0:02:47.720 --> 0:02:50.080
<v Speaker 1>a lot of folding chairs, you can pass these around

0:02:50.120 --> 0:02:52.720
<v Speaker 1>whenever someone's having a party, and then you don't all

0:02:52.800 --> 0:02:54.760
<v Speaker 1>have to spend the time working to afford the money

0:02:54.840 --> 0:02:56.799
<v Speaker 1>to buy each of these things that don't get used

0:02:56.800 --> 0:03:00.920
<v Speaker 1>that often. Frugal hack number five. This is our investors

0:03:00.919 --> 0:03:04.520
<v Speaker 1>here invest in index funds. One of the things that

0:03:04.560 --> 0:03:06.760
<v Speaker 1>scares people about investing is that they think they're going

0:03:06.800 --> 0:03:08.720
<v Speaker 1>to need to spend a lot of time figuring out

0:03:08.760 --> 0:03:11.080
<v Speaker 1>the right stocks to buy. What do they need to

0:03:11.120 --> 0:03:13.800
<v Speaker 1>know about each of these companies. It's true that there

0:03:13.840 --> 0:03:16.400
<v Speaker 1>are people in the investment world who research hot stocks

0:03:16.440 --> 0:03:19.200
<v Speaker 1>as their full time jobs, and yet for all their

0:03:19.200 --> 0:03:22.120
<v Speaker 1>work and their high fees, the vast majority of these

0:03:22.120 --> 0:03:24.720
<v Speaker 1>people don't manage to beat the market in the long run.

0:03:25.480 --> 0:03:27.760
<v Speaker 1>Invest In index funds, and you don't need to spend

0:03:27.840 --> 0:03:30.119
<v Speaker 1>time worrying about which industry is going up and which

0:03:30.120 --> 0:03:32.839
<v Speaker 1>industry is going down. And the fees are far less

0:03:32.840 --> 0:03:36.200
<v Speaker 1>than you'd pay to actively manage anything. So those are

0:03:36.240 --> 0:03:38.560
<v Speaker 1>just a few of my favorite ideas for saving time

0:03:38.800 --> 0:03:41.440
<v Speaker 1>and money. I'd love to hear the ideas that you

0:03:41.480 --> 0:03:44.320
<v Speaker 1>come up with. You can email me at Before Breakfast

0:03:44.320 --> 0:03:47.800
<v Speaker 1>podcast at high heart media dot com. In the meantime,

0:03:48.240 --> 0:03:51.200
<v Speaker 1>this is Laura. Thanks for listening, and here's to making

0:03:51.200 --> 0:04:00.400
<v Speaker 1>the most of our time. Hey, everybody, I'd love to

0:04:00.440 --> 0:04:03.360
<v Speaker 1>hear from you. You can send me your tips, your questions,

0:04:03.480 --> 0:04:07.240
<v Speaker 1>or anything else. Just connect with me on Twitter, Facebook

0:04:07.320 --> 0:04:12.560
<v Speaker 1>and Instagram at Before Breakfast pod. That's b the number

0:04:12.600 --> 0:04:16.760
<v Speaker 1>four then Breakfast p o D. You can also shoot

0:04:16.800 --> 0:04:20.200
<v Speaker 1>me an email at Before Breakfast podcast at i heeart

0:04:20.240 --> 0:04:23.040
<v Speaker 1>media dot com. That Before Breakfast is spelled out with

0:04:23.080 --> 0:04:25.839
<v Speaker 1>all the letters. Thanks so much, I look forward to

0:04:25.839 --> 0:04:34.039
<v Speaker 1>staying in touch. Before Breakfast is a production of I

0:04:34.160 --> 0:04:38.040
<v Speaker 1>Heart Radio. For more podcasts from I heart Radio, visit

0:04:38.080 --> 0:04:41.480
<v Speaker 1>the i heart Radio app, Apple Podcasts, or wherever you

0:04:41.480 --> 0:04:42.720
<v Speaker 1>listen to your favorite shows.