- Rachel, 35, followed in her father’s footsteps by becoming a financial expert
- She regularly shares money budgeting tips online
- She recently revealed the five habits you need to adopt to save money
Financial guru Dave Ramsey’s daughter Rachel has revealed the five frugal habits that will help you ‘cut your expenses in half’ – from not eating out to canceling your subscriptions.
The 35-year-old – who works with her father as a financial expert – followed in his footsteps by becoming a money and budget professional.
And just like her father (63), Rachel also gives the best financial tips on social media to keep your bank account in top shape.
Recently, the Tennessee expert lifted the lid on how to lower your costs when she revealed that comparing yourself to others and only looking at one store when you’re getting ready to make a big purchase can put you in the will bring problems.
Dave Ramsey’s daughter Rachel has revealed the five frugal habits that will help you ‘cut your expenses in half’ – from not eating out to canceling your subscriptions
The 35-year-old – who works with her father as a financial expert – followed in his footsteps by becoming a money and budget professional
Recently, the Tennessee-based expert lifted the lid on how to cut your costs when she revealed that subscriptions are draining your bank account
Rachel shared the different ‘frugal’ habits you should adopt in a YouTube Short.
At the beginning of the video, she said, “Here are five frugal habits that can help you cut your expenses in half.
‘First and foremost, subscriptions. The average millennial has 17 subscriptions. If you want to save some money, get rid of those subscriptions.”
She then advised viewers to shop around before making any major purchases.
She explained that you should never buy something before seeing how much it costs at several stores.
Rachel told people on the Internet to always “compare prices.”
“Number three: eating out. This one makes my heart hurt a little,” she said.
Rachel noted that although she enjoyed eating out, it was much cheaper to buy groceries and cook.
For her fourth tip, Rachel told viewers to stop buying ‘extra’ stuff.
Rachel noted that although she enjoyed eating out, it was much cheaper to buy groceries and cook
Her latest tip was more of a “heart issue” as the money professional told viewers to stop comparing themselves to others
In the past, Rachel has spoken about how to plan ahead for the rising cost of living
She noted that while she would happily pick up a “lipstick or a hair clip,” it wasn’t a necessity and they stepped up.
Her last tip was more of a ‘heart problem’. ‘It’s a comparison. Of course we’re all going to compare, but don’t let other people’s lives dictate what you buy,” she said at the end of the video.
In the past, Rachel has spoken about how to plan ahead for the rising cost of living.
With costs skyrocketing and no end in sight to the inflation crisis, the Ramsey team continually emphasized the importance of creating and maintaining a personal budget.
Rachel said, “You want to be able to say, okay, I’m going to plan it in advance, I’m not going to let this happen to me.”
“So again, budgeting is huge when it comes to this… So be diligent and be honest with your friends and family as well. Like if inflation has hit you and you’re in a pinch this month, or next month at the end of the year, be honest about that and just say, “Hey, Christmas might look different.”