Speaker 1: Welcome to Before Breakfast, a production of I Heart Radio.
Speaker 1: Good Morning, This is Laura, Welcome to the Before Breakfast podcast.
Speaker 1: This week, we're talking about the relationship between time and money.
Speaker 1: Often we wind up exchanging one for the other. But
Speaker 1: today's tip is about a few things you can do
Speaker 1: to save time and money when whenever. One of these
Speaker 1: is an option that's great. So here are five of
Speaker 1: my favorite frugal time saving hacks. Frugal hack number one,
Speaker 1: get the things you need in bulk. Shopping takes time
Speaker 1: and money, so when you know you're gonna need a
Speaker 1: lot of something, it's best to pay as little per
Speaker 1: item as you can and get a lot so you
Speaker 1: don't have to go back to the store. This is
Speaker 1: straightforward enough with stuff like paper towels, but one of
Speaker 1: the biggest savings is to think this way about cash.
Speaker 1: Many a t charge fees, but it tends to be
Speaker 1: the same fee whether you're withdrawing sixty or three dollars.
Speaker 1: So if you're at a place where you have three
Speaker 1: in your account, withdraw the bigger amount, keep it somewhere safe,
Speaker 1: and then become your own fee free. A t M
Speaker 1: withdrawing smaller amounts when you need it, but only paying
Speaker 1: the fee once. Plus, you don't have to spend time
Speaker 1: going to the a t M. Frugal hack number two
Speaker 1: eat at home unless you're doing it up big. I
Speaker 1: love fancy restaurants, but when you eat out, it takes
Speaker 1: time to drive there and order and get yourself home.
Speaker 1: If the food is great, that's awesome, but if not,
Speaker 1: it would be cheaper and quicker to heat up a
Speaker 1: prepared meal or make a simple meal yourself at home.
Speaker 1: In general, simplicity saves time and money, whether that's with
Speaker 1: food or anything else. Simple outfits tend to cost less
Speaker 1: than more complex ones, and they take less time to
Speaker 1: put together. Simple home decor is a win too. It
Speaker 1: takes less time and money to display two decorative objects
Speaker 1: versus twenty. Frugal hack number three work from home one
Speaker 1: day a week if possible. Of course, not all jobs
Speaker 1: can be done remotely, but if yours can, working from
Speaker 1: home one day a week saves time on the commute
Speaker 1: and money for gas or train passes. If you can
Speaker 1: dress casually on those days, you might save money on
Speaker 1: dry cleaning as well. That's a definite win. Frugal hack
Speaker 1: number four borrow e books from your library. If you
Speaker 1: have a library card, you can use the libby app
Speaker 1: to borrow e books from your local library. You can
Speaker 1: browse the shelves without having to get in your car
Speaker 1: and go to the library, and borrowing books is cheaper
Speaker 1: than buying them. Borrowing in general is often a time
Speaker 1: and money saving strategy. If one person on your block owns,
Speaker 1: say a thirty cup coffee maker, and someone else owns
Speaker 1: a lot of folding chairs, you can pass these around
Speaker 1: whenever someone's having a party, and then you don't all
Speaker 1: have to spend the time working to afford the money
Speaker 1: to buy each of these things that don't get used
Speaker 1: that often. Frugal hack number five. This is our investors
Speaker 1: here invest in index funds. One of the things that
Speaker 1: scares people about investing is that they think they're going
Speaker 1: to need to spend a lot of time figuring out
Speaker 1: the right stocks to buy. What do they need to
Speaker 1: know about each of these companies. It's true that there
Speaker 1: are people in the investment world who research hot stocks
Speaker 1: as their full time jobs, and yet for all their
Speaker 1: work and their high fees, the vast majority of these
Speaker 1: people don't manage to beat the market in the long run.
Speaker 1: Invest In index funds, and you don't need to spend
Speaker 1: time worrying about which industry is going up and which
Speaker 1: industry is going down. And the fees are far less
Speaker 1: than you'd pay to actively manage anything. So those are
Speaker 1: just a few of my favorite ideas for saving time
Speaker 1: and money. I'd love to hear the ideas that you
Speaker 1: come up with. You can email me at Before Breakfast
Speaker 1: podcast at high heart media dot com. In the meantime,
Speaker 1: this is Laura. Thanks for listening, and here's to making
Speaker 1: the most of our time. Hey, everybody, I'd love to
Speaker 1: hear from you. You can send me your tips, your questions,
Speaker 1: or anything else. Just connect with me on Twitter, Facebook
Speaker 1: and Instagram at Before Breakfast pod. That's b the number
Speaker 1: four then Breakfast p o D. You can also shoot
Speaker 1: me an email at Before Breakfast podcast at i heeart
Speaker 1: media dot com. That Before Breakfast is spelled out with
Speaker 1: all the letters. Thanks so much, I look forward to
Speaker 1: staying in touch. Before Breakfast is a production of I
Speaker 1: Heart Radio. For more podcasts from I heart Radio, visit
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