EP 2: Value Spending: A Damn Good Start

In this podcast episode, it’s just little ole’ me. Today we begin where financial strength nearly always begins: with value spending. Here we discover why value spending habits, not unsustainable frugality, really impact the bottom line.

In this episode we cover:

  • The Pareto Principle and how to apply to personal finances
  • Identifying our spending “weaknesses”
  • “The Big Three” spending categories and cost saving solutions
  • Help with one-off expenses and compulsive spending
value spending and "the Big Three"
Shares of U.S. Average Expenditures, July 2019 – June 2020. Data from U.S. Bureau of Labor Statistics, Consumer Expenditures Midyear Update, 2020.

Formating

Hey guys, how do you feel about solo episodes where I take a deeper dive into a previously published (and written) topic? Does this tickle your fancy? I sure hope so.

Oh yeah, I’ll be out in the sticks for a few days. As such, I apologize if I’m slow to respond to comments, suggestions, etc. Happy listening!

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Value Spending Links:

Original Written Post: Value Spending: How to Really Save Money

The Pareto Principle (80/20 Rule)

Average American Family Spending (2019), US Bureau of Labor Statistics

American Spending by Category, Mid-Year 2020 Update, US Bureau of Labor Statistics

Dave MacLeod’s book: 9 out of 10 Climbers Make the Same Mistakes

My interviews with Dave MacLeod:

Dave MacLeod: Life Outside the Box, Part 1

Dave MacLeod: Life Outside the Box, Part 2

When Being a One-Car Household Really Sucks

CamelCamelCamel (for Amazon price watching)

ChooseFI Podcast


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Thanks guys, see you next week.

What say you friend?