Clever-Girl-Finance
The CEO of Clever Girl Finance highlights multiple areas where people tend to overspend, including food waste, bank fees, subscriptions, branded products, coffee, and gym memberships. Small changes, such as staying on top of budgets, canceling unused subscriptions, switching to store brands, and negotiating gym membership contracts, can save significant amounts of money. Additionally, evaluating insurance policies and reassessing daily expenses to identify money leaks and redirect the money to financial goals can improve overall financial health.
In this section, the founder and CEO of Clever Girl Finance discusses nine money leaks that may be affecting your finances and what you can do to fix them. Examples of money leaks include delivery service fees, disposable products, and food waste. To fix these leaks, you should seek free shipping or Google for a free shipping coupon, invest in reusable water bottles and storage containers, and make a grocery list to minimize food waste. It is essential to pay attention to these small expenses that could have a significant impact on your overall financial wellness and your ability to achieve financial goals.
In this section, the video discusses several common areas where people tend to overspend, including food waste, bank fees, product and service subscriptions, name-brand products, and coffee and snack shops. By taking simple steps, such as staying on top of your budget to avoid bank fees, canceling unused subscriptions, and switching to store brands, you can easily block these money leaks and save significant amounts of money. Similarly, you can still enjoy your morning coffee or snacks by investing in a good coffee machine and buying the items you love in bulk to take with you on the go. Ultimately, taking the time to assess and cut unnecessary expenses can go a long way towards improving your financial health.
In this section, the speaker discusses the money leaks related to gym memberships and unused insurance policies. Signing an annual contract for a gym could lead to paying for a 12-month period for a service that may not be used regularly. Therefore, it is essential to consider cheaper options or become intentional about attending gym classes and getting the money's worth. Additionally, insurance policies related to items that are no longer in use, like car insurance for a car that is rarely driven, should be evaluated. In this case, switching to pay-per-mile insurance could be a cheaper option. It is worthwhile to reflect on daily expenses and identify money leaks to repurpose the money towards financial goals.
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