Latest / D-constructing Topics / Budgeting Battles: How Small Splurges Sink Your Savings

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Budgeting Battles: How Small Splurges Sink Your Savings · D-constructing Topics

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  What's going on, everybody? What's going on, folks?
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  My name is David, and I'm your legendary host of this incredible,
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  legendary podcast where we, we,
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  me, you, everybody kind of deconstruct a topic, and we just break it down,
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  deconstruct it, and we get something out of it, and hey, you're happy?
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  Because listening to my podcast is going to give you that energy.
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  And you're going to be like, yo, I listened to the Deconstructing Topic Podcast.
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  It's like, ooh, listening to that dude is like, wow.
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  Glad I came across, but you can tell me all you want and how much you appreciate me.
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  But you always have to like, you always have to hit the like,
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  the comment, the share button, subscribe. I'm all over YouTube.
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  I'm all over Apple's, Spotify, the Deconstructing Topic Podcast.
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  And check out the description always check out
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  those descriptions because today we got another good one and today
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  you know what we're talking about uh-oh that's
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  a cash register you know what i mean we are talking about money and
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  we are talking about one of the things that we tend
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  to kind of how can i say overspend
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  and basically overspend uh the other day i was talking
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  to a couple of my uh brothers in arms and
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  we was talking and you know i kind of you know said to
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  myself hey listen um i had a budget for the weekend keep
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  in mind i'm gonna be traveling soon but doesn't mean i'm
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  not gonna do podcasts gonna be traveling soon doing
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  a little bit of here doing a little bit over there networking is
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  something that i gotta do that takes money and i you
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  know and i gotta budget myself and i think that that's probably
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  the best thing to do in terms of
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  if you are working and you are working with a salary
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  or you know with a certain amount of money is that
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  you have to budget yourself and yeah
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  but you know it's it's one of those old rules it's right what you
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  need and what you want you know what i mean and i think that sometimes we
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  tend to have our little bad habits and our little
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  bad habits get amplified that's why sometimes i
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  tell people and for the most part i don't i don't play the.
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  Lotto right now we have certain pools here and there you know amongst friends
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  and family and so on and i might throw a little two dollars four dollars oh
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  we got one billion mega mill whatever it is but i'm not one to like sit down
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  oh man i wish i won the lotto and i wish because you know sadly there's certain habits that we have.
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  And as a lot of people will say, the more money, the more problems,
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  actually. You know what I mean?
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  But once again, hit the like. Another thing, too. I'm on this beautiful network called T-Goose TV.
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  If you're listening to this and you are listening to this on your app,
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  whatever Apple device you got, Google device, Android, Roku and all that. T-Goose TV.
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  That's T-E-G-O-S TV.
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  That's in television. That's correct.
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  And you can hear me and other independent people
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  out there with our you know where you could
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  you know sometimes it's funny because one of
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  the things in talking about saving money is that years ago it
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  was that thought that if you cut the cord meaning cable ah look
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  i'm cutting cable i'm saving money now now we
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  got these subscriptions now you're back to whatever you is but
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  sometimes you pay for entertainment that you don't even use or
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  sometimes you're just tired of the same old nonsense you know you
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  know what there's good people good shows including myself
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  on tigus tv or go online at tv
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  tigus.com that's tv as
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  in t as in thomas v as in actually i'm
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  gonna say t as in television v as in you know what i mean
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  but it's tv t e g u s.com
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  and yeah there's got some good you know good stuff
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  there it's a little uh small subscription but you know what you're doing a good
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  cause you're supporting people and in a time that you want to save money you'll
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  be like oh man david's not not not another subscription thing going on there
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  and i'm like you know what there are times we live in a different times and
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  this is my thing and we're gonna go back to.
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  The overspending because now the logic
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  would be years ago you know people were
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  doing that you know when when netflix started becoming that thing that
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  you're streaming and you know it was
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  netflix and all you know you have amazon prime now you have
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  just about everybody has a streaming platform and
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  it costs money and i'm one to have a what
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  they call a 4k tv 120 megahertz
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  and it looks like there's a couple of platform and you know
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  netflix would be one where if you want to
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  watch the high quality movies in that platform you
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  gotta get a higher tier subscription meaning 20 something dollars so once again
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  we kind of sit down and we you know for those people that got family and we
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  already know we in this section of the world where we are headed to the holidays
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  it's a stressful time where it's spiritual.
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  Mentally, and financially.
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  This is the time of the year that it becomes a little bit, whew.
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  So, many times, we find ourselves that we kind of overspend, right?
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  And we sometimes don't sit down what exactly it is that we're overspending on.
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  But again, I sit and I always say, because I'm doing networking,
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  because now I'm over here doing And my podcast and so on.
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  A lot of times, you know, a lot of my stuff is coming from, you know, my pocket.
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  So I got a little budget going on. And I'll be the first one to admit.
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  The other day I had a little budget of a certain amount.
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  You know, and this budget, that's another thing too. What's this budget about?
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  You want to atomize what exactly you want to, you know, use the food on.
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  I mean, I'm sorry, use like, okay, if you're going to spend this weekend on
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  food, then put a month or whatever the food, what it is that you're spending on.
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  Weekend food, you know, lunch from work, whatever it is. You know, you got to put that.
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  So I kind of put like, okay, I'm going to do the food and drinks.
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  I'm going to do this. I'm going to do that.
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  Then I wake up and I, Tuesday, because I still kind of like was paying a couple
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  of things there. You know, I'm doing a lot.
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  And then I find myself like, whoa, I overspend.
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  You know what I mean? And then sometimes when you overspend,
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  and this is one of the things that I was talking to one of my brothers in armor,
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  I spoke to more than a handful of people about this, is that sometimes you got
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  to keep in mind, life happens, right?
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  And then now out of nowhere, a little emergency came up.
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  And that little emergency basically is like, okay, it has to do with money.
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  Something that I not think about. So now instead of me, let's say,
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  having that little money that I was going to save or whatever,
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  since I overspent, now I'm tapping on the weekly budget so that I could take
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  care of that. And sometimes that's what happens.
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  Sometimes we fall to these kind of things where we kind of say,
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  ah, don't worry. You know, next time I get paid, I'll tackle it.
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  And it's always that class, you know, it's the needs and the wants.
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  Listen, raise your hand every time you've gone to a place.
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  Let's say you go to CVS Pharmacy. Say, hey, you're going to get a bowl of toilet
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  paper. Something simple.
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  You know, there's people with discipline that go to those places and they get
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  exactly, they got the list, they get exactly what they want and they bounce.
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  But for me, I'm a little bit different. You know what I mean?
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  The other day, a couple of months ago, you know, I had this little, you know, beer going on.
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  And one of my brothers and I, the gentleman, he called me Fidel Castro.
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  You know, don't want to disrespect anyone that likes or dislikes.
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  It's just that at one point, I guess that was the look of someone that wanted to do a revolution.
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  And basically, I'm like, I can't start a revolution. I just happened to go on
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  CBS and they suck me with these sales.
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  And that's what happens. You go to a place just for one thing and you come out
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  with five things and they trick you because in your mind, you say,
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  well, you know, I couldn't beat that.
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  That's 80 percent sale. And normally, you see, even if it's 80% sale,
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  even if the product costs $2, remember it's $2 that you were not planning to
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  use, and it's $2 that might come in handy.
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  And you start saving up. You understand what I'm saying? Now,
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  I'm one that, you know, to do the save up.
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  Now, because I do have a 401k, and again, this might not apply to a lot of people,
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  because there are those people out there listening to my podcast,
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  don't have a 401k, whatever it is, you know, you can have your own just in case.
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  But because I have a 401k, I like to think that I like when I have money or
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  when I have money to save.
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  You know, I like to put it on either my jobs 401k or I do have my 401k. You know what I mean?
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  Because I like to think that, hey, listen, I would rather kind of be a little
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  bit broke or a little bit on the budget now than to say when I'm older and retired,
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  because I would like to kind of, if one thing,
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  have that ease of feeling like, hey, listen, I got a good job. I mean, I'll retire.
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  Let me enjoy a time. I got the time. Let me go, you know, whatever the case might be.
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  Hey, listen, I'm going to need that. You know what I mean?
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  One of the things that overspending, again, it's what it is that why we kind of tend to overspend.
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  A lot of times it comes to our habits, our kind of patterns.
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  And sometimes let's say we are those people who have, let's say,
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  like to splurge. Hey, I like to go shopping.
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  Hey, listen, a lot of people need to go shopping because, hey,
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  if you work you need to have the clothes if you go out party you need to have
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  the party if you network you have to have certain looks so yeah you're always going to go shopping.
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  But it's that time. It's that thing that you boom. Oh, man.
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  My budget was like just to get and it happened to me the other time,
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  a couple of weeks ago. I'm networking.
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  Something came up. Somebody invited me here and I spent like,
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  what is it, like $50, $60 on a little sports jacket, which I was not counting.
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  But these are these other things that happens.
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  Some people like to do the credit card thing and have a little credit card on
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  the side just because of those things.
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  But you know sometimes there are people like me that like
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  to kind of like let me just play with what i have you know what i mean because
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  you know these credit card companies you you use it and then once again you
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  it becomes a bad habit but in united states we are living in a country where
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  you got to build your credit in order to get certain things in life you know what i mean,
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  but overspending is that one thing that we tend to kind of say to ourselves
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  nah it's okay nah you You know, but just make sure that you do a budget and you follow it.
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  Discipline. And once again, discipline, discipline, discipline.
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  Now, I'm one to, I love football.
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  My football Sundays, I want to make sure that my value for the whole day is good.
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  But I also enjoy my spirits, you know, my beers.
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  And I found myself the other day is like, oh, wait a minute.
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  I got beers, but now I'm in a mood for this certain beer.
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  And what did I do? I spent $35 on where I should have not been spending $35.
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  And you see, these are the little things that you kind of fall into that,
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  kind of the, that habit, you know what I mean?
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  And those are the things at the end, when it comes to finances,
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  a lot of times, you know, we are our own, how can I say, enemy.
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  We are our own destroyer because we just tend to say, boom boom boom we got
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  these habits that boom boom boom and a lot of times and and and look this happens
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  a lot of people how many people out there are emotional buyers.
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  Or just emotion in itself, you know, when you're buying stuff,
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  you're doing this based on emotions, oh, you know, you know,
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  a little stressed out, I had a little long, you know, I want to do this,
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  I want to do that, there's those people who, how can I say.
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  Who have the mean, but, you know, sometimes, you know, the emergencies come
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  up, I know people that, hey, listen, you know, let's hang out,
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  don't worry, I treat, you know, one of those people that like to kind of like
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  treat people like, hey, listen, I got you, you know,
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  let's talk, let's go out to lunch, don't worry about it, You know,
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  I know people like that, but, you know, then emergency come on, but I'm like, oh, my God,
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  you know, I just treated five people for lunch and I spent $500.
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  And, again, it's a beautiful gesture because in life that's what it is.
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  When you do things like that, you know, you're going to pay it forward.
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  Hey, life's going to give it back.
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  But sometimes those little emergencies, those unexpected emergencies,
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  they kind of hold you back a little bit.
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  Unexpected, you'll be like, but why? How come?
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  And if you find yourself kind of every every
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  single time every single week every time that
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  is something comes up just ask yourself what can you do better
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  what can you do financially that's going to change the scope of
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  things i know that you know for those people out there that you know eight things
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  uh food has gone up all this gone up everything normally goes up every given
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  time but that's where we got to be more cautious with this money that we spent
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  you know sometimes Sometimes we tend to think, okay,
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  you know, and it happens to be, you know, I love yogurt.
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  You know, yogurt is a healthy thing and they are sweet and, you know,
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  it's satisfied that sweetness. And I like to get those yogurts with those crunchy little thing.
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  But for some reason, there are times I see something where, oh man,
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  I want something different, crunchy.
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  See how they play with us. You know what I mean? And then that's basically comes
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  down to how we, and then you buy those extra cookies where you shouldn't have
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  bought those extra cookies.
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  So, you know, just give you a little bit like, you know, the holidays is coming
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  up soon for those who celebrate Christmas.
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  But Thanksgiving as well, Halloween, even Halloween, just dressing up,
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  even doing something for Halloween.
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  It's just that during here in New York City. And it happens a lot in some of
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  these, how can I say, cities is that, you know, the difference between winter and summer.
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  Let's say how we spend our money is that the summer we could just do something
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  where we could just go out to the beach.
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  We could just go out somewhere and not spend much.
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  Winter's a little bit different because either you're going to be cozy at home
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  and you want to make sure that you eat a good food have a cup of wines you know
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  what i mean be with your partner whatever it is that you want to do and then
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  or not we just want to be out there go somewhere we'll be inside eating drinking
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  again it's a little bit of a different creature and that's why
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  you know when it comes to the holidays a lot of people kind of you know that
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  stress level becomes because winter, for some reason, it becomes compulsive.
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  That's in, you know, spending that little extra time, you know,
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  that extra money on things that we might not need to.
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  But just think about it. Hey, listen, I love you all. This is David,
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  the host, the legendary of the Deconstructing Topic Podcast.
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  Oh, we making it happen all day, every day.
• 14:48
  Once again, hit that like, comment, share, buy, and subscribe.
• 14:52
  I'm all over. We talking about all that.
• 14:55
  And then some. I'm out of here. Peace.