Episode 003 Show Notes
Can you save for anything in life and still do the things you really want to do, like buying your favourite brands even though they cost extra? When is it worth paying more?
What if you had an extra £5000 this year? What would you do with that money? Or is it hard to pick one priority?
Are you torn between spending it on something you enjoy but you know won’t last, or spending it on what you really need by putting it towards a home deposit of some kind, or are you thinking that maybe you’d grow it into even more wealth by investing it in a business or the stock market? Is it hard to pick because an extra £5k just sounds like a pipe dream anyway?
If it feels like saving four figures just isn’t possible because you like what you like, you like it on impulse, and what you like is expensive, but you also feel like you can’t continue spending that way, then I’ve got at least 3 ways today for you to save money while still living it up. By the end of this you’ll know when it’s worth paying more in these areas, and these are small and easy adjustments that anyone can make… Hint: it’s worth paying more, when you pay yourself first!
If you sign up for a free trial or purchase via an affiliate link below, I earn a commission at no extra cost to you that goes towards the running costs of producing all the free content across the blog, podcast, YouTube etc.
Next Episode: HTSLAB 004: Ask Bear Takeover – How Do I Invoice Someone?
Previous Episode: HTSLAB 002: 3 Food Myths That Make Us Overspend
Catch up on all the episode resources in the Episode Index
About The Show
How To Save Like A Bear helps first-time buyers and side hustlers with big goals make the changes they need to succeed. Use these strategies to spend better on essentials, make more money, and think outside the box so that you can improve your future rocket fast.
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Today’s Questions
Why do flat whites cost more?
Are cheap phone chargers dangerous?
Why does Fever Tree cost more?
How do you stop impulse shopping?
And most importantly:
Are you paying yourself first?
What’s Your Answer To These?
Let me know in the comments your answer to these, so that I can make sure future episodes are relevant to you:
How did you find out about the podcast?
What are you working on right now? Do you have a second job of your own invention, or are you self-employed?
Or are you just having thoughts about how you might make more money on the side, but you’re not quite sure where to start? What’s tempting you and what’s stopping you from doing that already?
Did you find this episode helpful, and do you want to add any tips?
Email subscribers can submit money and side hustle questions to the podcast… Subscribe in the form at the bottom of this page to get a bonus ebook too
Related Blog Posts & Episodes
Episode 001 and Episode 002 also mentions tips from Supershoppers:
3 Ways To Save Money On Shopping Fast: HTSLAB Episode 001
3 Food Myths That Make Us Overspend: HTSLAB Episode 002
Save Money Good Health re: Voss Water and friends
How To Save Like A Bear In July (for more on Joe Wicks)
Recommendations In This Episode
The Automatic Millionaire by David Bach on Amazon
There is an audiobook version:
The Latte Factor by David Bach on Amazon
Also an audiobook:
My beloved Russell Hobbs coffee machine for insourcing your coffee habit:
You can indeed buy Fever Tree tonic water in bulk on Amazon too.
If you usually pay for supermarket delivery and Amazon Prime, AmazonFresh deliveries are free now in selected postcodes. You can try AmazonFresh free for 30 days first.
I Will Teach You To Be Rich by Ramit Sethi on Amazon
Guess what? There’s an audiobook of IWTYTBR!
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz on Amazon
You can of course consider the audiobook:
Or you can listen to one of the books above with a free trial of Audible.
I don’t believe any of them are included in a free trial of Kindle Unlimited, (but you’ll likely find something to read among the 1million+ books that are included).
Try Prime for free for 30 days first if needed.
Students can get a six month free trial of Prime.
Cash Chats: Journalist, founder of Be Clever With Your Cash, and self-confessed money geek Andy Webb shares how to spend on bills and save at the banks for the best value possible in this podcast.
The quote at the end comes from cult TV classic Buffy the Vampire Slayer. Seasons 1-7 of Buffy on DVD are great value IMHO (i.e. over 100 hours of entertainment!), or it’s available to Prime members. If you want to watch before you buy, get a free trial of Amazon Prime Video.
Further Reading & Resources
Regards paying yourself first through investments, email subscribers can request a Freetrade invite and get a free share when you join. Subscribe to the blog mailing list via the form at the bottom of the page. I’m not a financial advisor, so it’s up to you what you do with the free share. Here are my other referral perks:
Free Money: Costa Coffee Points, Cashback, and Free Shares
Ramit’s rants against skipping coffee shops to become rich crop up in most of his guest interviews. Try this one where he also talks about online entrepreneurship (subscribe if you like this podcast too!)
SPI 374: The Psychology of Money and Wealth with Ramit Sethi
I can’t mention everything in every episode. However, I Will Teach You To Be Rich is also included in a worthy four book bundle designed to transform your life for the better. This collection of positive psychology books also includes Atomic Habits by James Clear, Mindset by Dr Carol S. Dweck, and The One Thing by Gary Keller.
I design notebooks for fun if you need to commit your plans to paper
Side hustlers and full-time entrepreneurs can get a free Amazon Business Account, so that you can order all your best value supplies in one place.
Recommended Tools
If you need a microphone whatever your profession or hobby, I use the Samson Q2U.
If you’re interested in podcasting, I use Spreaker for my hosting.
The mailing list functions thanks to email service provider ConvertKit (affiliate link).
I invested in the annual plan (which nets a discount on paying monthly). This is because when I start a project, I like to commit to seeing my goal through, so paying upfront ensured I wouldn’t quit emailing blog readers after a week!
You can start with a free plan though if you’re really not sure where you’re headed, or you’re technology shy (affiliate link). I find ConvertKit very easy to use though despite setting up automations and sequences and all that fancy jazz.
Let me know if you want to know what else I use to run the blog besides what’s mentioned on the Bear Resources page, or if you have questions. What do you need help with in your side hustle or business?
If you’re serious about investing in podcasting equipment to sound as professional as possible, this page has recommendations for every budget:
Go forth.
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