Should I Get Insurance Or Just Use My Emergency Fund? | Cutting Expenses

 "+++Get on the waitlist for our brand new budgeting course (5 Days To A Bulletproof Budget) to be released in October 2021: https://www.zerodebtcoach.com/5-days-coming-soon

In this video, I'm responding to a question from a live stream Angelica and I did last week:  

Savannah writes:  

"I would love to do more to cut expenses, but being a widow, no guy around to mow the lawn and help set up tech changes like streaming, I'm kind of stuck with a lot of what I'm paying for. It's really hard to make the changes and decisions alone, or changing things my mother likes (she lives with me).

One thing I am confused about is insurances, like dental and pet insurance. It's hard to pay cash for those bigger problems if you don't have an emergency fund, but if you're saving for your emergency fund, it seems better to also have the insurance before your fund is available.. not sure if that made sense. lol"  

Angelica and I are talking about how we've developed a reasonable frugality and minimalism mindset which lead us to completely eliminating certain items from our budget. This mindset shift along with diligent budgeting and expense tracking got us out of $174,000 worth of debt and helped us build a $700,000+ net worth in about 7.5 years.

We're also opening up the waitlist for our brand new budgeting course, "5 Days To A Bulletproof Budget: How To Never Worry About Money Again".

This "5 Days To A Bulletproof Budget" will give you the skills, confidence and encouragement you need to organize your financial life, get on a budget, sack your debt and move onward toward financial independence, all in the warm environment of a group of like-minded and highly motivated financial journeyers! Excited to have you join us!

Make sure you don't miss the launch of our brand new budgeting course: https://www.zerodebtcoach.com/5-days-coming-soon

18 Things we don't spend money on: https://www.zerodebtcoach.com/blog/18-expenses-you-should-obliterate-from-your-budget/

Struggling Or Feeling Alone?

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Now, if this decision process is something you struggle with and you constantly feel isolated about, I’ve got some great news for you and it’s free.

Our private Facebook group, ZeroDebtTribe. It’s a group of like minded people that are all somewhere along this P2P/debt-elimination/on their way to FI continuum. So click the image above and apply to join us. :)

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3. If you’re looking for a community of motivated and like-minded people, go ahead and get on the waitlist to join our private financial coaching community. We only open it for new students a couple of times a year, so make sure to get on the waitlist.

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All that said, let's keep on building your financial acumen and make this your best year yet!

Thanks so much for reading and we’ll see you in the next video post!

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