Episode notes
Episode Summary: In this episode of "Financial Advisors, See the Darnedest Things," host AB Ridgway shares a story from Reddit about a young man who realizes he's overspending on convenience items like fast food and convenience stores. Through self-awareness and accountability, the man begins to make changes to his spending habits, focusing on home-cooked meals and budgeting wisely.
Key Takeaways:
- Distinguish Between Nice-to-Haves and Need-to-Haves: AB emphasizes the importance of categorizing expenses and recognizing that items like food delivery are nice-to-haves, not necessities. By prioritizing spending on essentials, individuals can redirect funds toward their financial goals.
- Identify Trade-Offs for Goals: Making a list of trade-offs can help indivi ...
Keywords
financial advisora b ridgeway wealth managementhow not to waste moneyspending too much on foodhow to build a food budgeteating out too much how to save moneyprice versus cost