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Episode 2664:
Diania Merriam shares insights from Lisa Harrison of MadMoneyMonster.com, who reflects on everyday items she and her partner stopped buying to achieve significant savings. The list includes avoiding new car purchases, cutting cable TV, minimizing paper product expenses, using alternatives to shaving cream, refraining from soda and juice purchases, skipping professional family photos, and being mindful of pet care expenses. The episode highlights how small changes in spending habits can lead to substantial financial benefits over time.
Read along with the original article(s) here: https://madmoneymonster.com/2015/11/06/things-we-just-stopped-buying/
Quotes to ponder:
"I often see posts in various forums or on social media where people like to criticize how other people spend money. But here is the thing, everyone has different preferences, and there are no rules on what makes something a morally good or bad purchase."
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Optimal Finance Daily - Financial Independence and Money Advice