Comments on: PS: The less you spend, the less you need to earn! https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/ Money | Minimalism | Mohawks Tue, 22 Jan 2019 19:05:01 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-274212 Tue, 22 Jan 2019 19:05:01 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-274212 In reply to Chris @ Mindful Explorer.

Love to hear it man! Amazing what happens once we have these epiphanies! If only we can get them all sooner than later, haha…

]]> By: Chris @ Mindful Explorer https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-274209 Tue, 22 Jan 2019 16:45:48 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-274209 Thanks for bringing this post up again in your 2018 best of post. This foundational way of thinking was the single largest positive effect on my financial journey. Reducing all the leaks in the bucket allowed me to see my expenses drop, my savings increase and of course hand in hand results in my amount needed to retire being less while on a faster trajectory to getting there.

]]> By: J. Money https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267444 Mon, 30 Apr 2018 11:43:40 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267444 In reply to Enoch@SavvyNewCanadians.

Nice hack!!

]]> By: Enoch@SavvyNewCanadians https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267408 Sat, 28 Apr 2018 01:37:22 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267408 We try to go over our expenses every now and then to see where savings can be had. In general, I prefer to increase income if possible rather than trying to cut expenses even further. That said, dumping my personal phone 4 years ago and working out an arrangement where I can use my work phone for personal use as well (within reasonable limit) has saved us about $4000 over the last few years and I still get the benefit of a new phone every 2 years or so. So, yes, cutting expenses definitely goes a long way towards reaching FIRE.

]]> By: J. Money https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267380 Fri, 27 Apr 2018 15:06:26 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267380 In reply to Paige.

YES!!!! Good job!!!! Make it happen! :)

]]> By: Paige https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267339 Fri, 27 Apr 2018 01:23:53 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267339 Man, I’ve been getting ripped off. My phone plan is $109 per month ($80 phone plan, $30 phone payment). I’ve been reading this idea on your website for a little while, but knew i was on a contract for my phone so hadn’t actioned anything yet. I have 4x months left, so i’d have to pay out my plan before and i didn’t think the cost would work out (and it stings to pay for something i wouldn’t use). Looked into it and realised even paying out out the last 4 months of my plans (required to pay 50% of remaining phone plan, plus remaining phone contract) would save me $6 per month for the next four months, and after that a massive $50 per month, or $80 per month as i wont upgrade my phone at the end of the contract (which i’d usually do).

So essentially just saved myself $664 over the next year with only half an hours work…. If only my regular hourly wage was equivalent to that :)

]]> By: J. Money https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267336 Thu, 26 Apr 2018 16:08:54 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267336 In reply to Rebecca @ BackroadsMotorsports.

Dang – Republic Wireless won’t help in this case because it primarily uses wifi to keep costs low :( Can you pay to get internet installed so you can save in a ton of other areas (tv, phone, dish, etc), or is it not even an option for you? Def. a tricky one, I’m sorry :(

]]> By: Rebecca @ BackroadsMotorsports https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267335 Thu, 26 Apr 2018 15:25:36 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267335 Ugggg. The freaking cell phone. The hubs and I have had so many arguments about that ONE bill. We have three kids, they are on our plan. Its an expletive car payment. We’ve fought about it for years. I review the bill and continue to try to find ways to save money on it. I’m ready to go back to a basic phone. HOWEVER, we live in the sticks and can’t get internet service.

I’m definitely going to check out Republic Wireless, if only for myself. I’m determined to get this bill down to something reasonable. I’d also cut off the dish, but my husband would have a cow.

]]> By: Kim https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267321 Wed, 25 Apr 2018 22:56:35 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267321 Very nice! Yes, I think that’s a great point, that those permanent/recurring expenses often take just one time to fix. It’s easy to convince ourselves that it’s a lot of trouble to deal with, but then once you’ve done it, you’re done! And you’re spending less from then on out, so it’s totally worth it.

]]> By: J. Money https://eliteedgemoney.com/the-less-you-spend-the-less-you-need-to-earn/#comment-267284 Wed, 25 Apr 2018 18:35:54 +0000 https://staging.eliteedgemoney.com/?p=55899#comment-267284 In reply to Lee.

Haha… That’s like a lot of car commercials too :) You never know what people are hawking until the last three seconds of them sometimes… Could be for some cologne, a car, or a new bag of Doritos! All that sells is lifestyle!

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