🤔 What To Do About Our BIGGEST Spending Category

Happy Friday, friends!

While we’re deep within our no-spend month, it’s a great time to be examining our approach to money.

Cutting out the coffees and take-outs over the next few weeks will be helpful for our habit formation, impulse-spending, and savings jumpstart, but there are some bigger takeaways we want to highlight.

Last week, we talked about the 80/20 rule and the importance of focusing on the vital few of our finances so that we can enjoy and continue to leverage the useful many.

But what does this mean real-time? 🧐

We consider the Big 3 (housing, transportation, and food) to be the vital few.

Meaning these are the vital few categories that make up the majority of our monthly/annual expenses.

If we are able to steward these categories well, we will see a massive impact on our overall financial landscape. 

Specifically when it comes to housing, most of us spend between 20-30% of our income on this expense, that’s a BIG (albeit necessary) chunk of change!

This is why we think it’s more important to make a few wise decisions around our housing than it is to put too much focus on small weekly purchases.

This weekend, we encourage you to look at this category of spending with a posture of curiosity 💭 and creativity .

Here are some prompts to consider depending on your housing situation:


  • What percentage of my income is being spent on monthly rent? Am I pleased with this ratio?

  • Are there ways I can reduce my monthly living expenses? This can include reducing utilities and/or talking with my landlord about exchanging labor or maintenance for reduction in rent

  • If necessary, would I consider renting smaller or in a less expensive neighborhood?

  • In my experience, what are the pros and cons of renting?


  • What do I hope homeownership will provide for me?

  • Regardless of what I’m pre-approved for, what am I comfortable spending monthly on my mortgage, property taxes, insurance, and utilities combined?

  • Am I sure of the area I want to purchase in? Have I considered lower cost of living areas?

  • Are there ways I can leverage my home purchase in order to reduce my living expenses? (i.e. would I rent out a room, or storage space?)

BONUS: If you’re early on in the process, check out Cashifyd for getting connected with lenders and agents that can help you get cash back on your home purchase (for free!) **


  • How much is my house actually costing me monthly? Is this different from what I anticipated or experienced in the past?

  • How do I feel about home ownership? Are there additional emotional or relational costs beyond the mortgage?

  • In my experience, what are the pros and cons of home ownership?

  • Are there ways I can reduce my housing expenses? (i.e. putting more money towards the principle each month to reduce overall interest paid, renting a portion of the home, looking for rebates in my area/city for the home upgrades needed, etc.)

We had fun on Tuesday with our 1st Annual Dinner Awards – Best Dinner Recipes to Meal Plan. If you listen to this episode you will walk away with a 2-week meal plan DONE FOR YOU!

Today we talked about Managing Money With a Partner with Julia Lilly. Julia gives practical advice and encouraging words on how we can approach our finances as a team and make room for our significant other in the way we manage money.

Tune in wherever you get podcasts and let us know what you thought of the episode over on our latest Instagram post!

 Listen: to an audio book! Get Libby or Hoopla (whatever your local library uses) and rent a good audio book.

 Watch: videos stored on your phone! It’s a great way to recap the last year (or years!) and do some digital clean-up while you’re at it!

 Do: If you are in the early stages of house-buying or have a friend that is, sign up for Cashifyd! They connect homebuyers and sellers with real estate agents who offer cashback and commission savings. You can connect with local lenders who are experts in using Cashifyd with transactions.

Cashifyd is completely FREE for consumers to use and their contact information is only released to the agent and/or lender they select to work with.**

 Meal plan: you’ve already got your meal plan thanks to EP 370. That said I particularly recommend the sheet pan fajitas 🤤

This survey is anonymous and only to help us create content that helps more of our listeners. *winks

Catch ya later,

⭐️⭐️ P.S. Want to share all this goodness with your friends AND earn cool Frugal Friends merch?

**Means this is a sponsored or affiliate section. We may earn a small fee or commission when you choose to try one of our sponsor or affiliate partners. But opinions are still 1000% our own.

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