Ep 171 - These Nonessentials are Costing You $18,000 a Year!

State48 Homeowner Podcast

In this episode of State 48 Homeowner, host Scott breaks down how the average American spends nearly $18,000 annually on nonessential items without even realizing it. From daily coffees and dining out to streaming services and impulse purchases, these seemingly small expenses can add up significantly over time.

What You'll Learn:

· Hidden Expenses: Uncover where your money is really going each month. · Detailed Breakdown: Analyze spending on coffee, dining out, subscriptions, rideshares, and more. · Real-Life Insights: Hear from guests like Karen, Twila, and Ty about their personal spending habits. · Actionable Tips: Get one simple step to start cutting costs today. · Financial Impact: Learn how reducing nonessential expenses can help you pay off debt, save for retirement, or afford a home.

Why You Should Watch:

If you're curious about how small daily expenses can affect your financial health, this video is a must-watch. Gain valuable insights into managing your finances better and making smarter spending decisions. Plus, find out how reallocating just a portion of these nonessential costs can bring you closer to your financial goals.

Don't Miss Out!

Stick around until the end for Scott's straightforward tip to help you start saving immediately. Your future self will thank you!

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0:00 Introduction 1:20 Drinks - Coffee & Cocktails 2:34 Cable and Streaming 3:23 Dining out 4:57 Purchasing Lunch 5:37 I Don't Want to Buy Your House 6:37 Recurring Charges and Subscriptions 8:22 Impulse Buys 9:23 Rideshares 10:38 Next Steps