The Stacking Benjamins Show

How to Buy What You Love Without Going Broke in 2025 (SB1627)

7 snips
Jan 6, 2025
Jen Smith and Jill Sirianni, co-hosts of the Frugal Friends podcast, delve into the art of intentional spending. They discuss the fine line between frugal and cheap, sharing insights on how to create a joyful spending plan that aligns with personal values. The duo emphasizes budgeting as a tool for happiness, not restriction. They also explore the hazards of compulsive trading and share humorous yet eye-opening revelations about Amazon shopping habits. Learn how to embrace mindful spending without breaking the bank in 2025!
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ANECDOTE

Jen's Early Spending Habits

  • Jen Smith initially believed she was good with money by buying generic brands.
  • However, she realized she was mindlessly buying cheap items in high volumes, leading to financial strain.
INSIGHT

Frugal vs. Cheap

  • Being cheap exploits others and resources, costing time, energy, and relationships.
  • Frugality, conversely, involves good stewardship of all resources, promoting holistic well-being.
ADVICE

90-Day Transaction Inventory

  • Start with a 90-day transaction inventory to understand spending patterns.
  • Identify cues like time, location, and social context that trigger spending habits.
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