It's Frugal February and we are saving $1,000 extra cash for our dividend stock investment portfolio. Learn today a multitude of ways that we save money (both in Frugal February) and on an ongoing basis. And, learn why $1,000 is really (approximately) $13,267.68 after 30 years of compound interest (capital appreciation and dividends being reinvested). Last, learn about the cool dividend growth stock that we are buying with our extra savings. It's one of our favorite #dividend #stock #investments ever, Starbucks SBUX. Timestamps:
0:00 Introduction – This Frugal February, we will save $1,000 for dividend stocks! Today's video covers precisely how we will save money, the power of saving $1,000 and how it turns into $13,267.68 over 30 years. We'll also share the dividend stock we will buy with our $1,000 savings.
2:00 PART 1: How We Are Saving Money In Frugal February
2:08 Money Saving Tip 1: The Buy Nothing Movement – Our favorite money-saving tip!
6:17 Money Saving Tip 2: Coffee At Home
7:06 Pro Tip: Don't get down on yourself for past mistakes. Just be honest with yourself and find ways to continually improve.
7:45 Pro Tip: Costco is a fabulous way to save money. We buy Blue Bottle Coffee there.
8:18 Pro Tip: We save huge money on croissants at Costco! Only $0.50 each.
8:43 Money Saving Tip 3: Leverage Your Local Library
10:02 Money Saving Tip 4: Saving Money on Food – Packing a Lunch On The Road
11:28 Pro Tip: Hillshire Farms snack plates are great (and fairly-priced at Costco)
12:25 Pro Tip: Go on lunch dates (they're cheaper than dinner dates)
13:38 Money Saving Tip 5: You Don't Need Designer Brands!
16:29 Money Saving Tip 6: Save Money On Greeting Cards
16:48 Pro Tip: The Dollar Store
18:17 Money Saving Tip 7: A Cool Target Hack
18:59 Money Saving Tip 8: Buy Things Off-Season
20:29 PART 2: Here’s Exactly How We Are Saving $1,000 This Frugal February
21:33 Pro Tip: Frugal February gives me more appreciation for the luxuries in life (going to Starbucks has more meaning!)
23:10 Pro Tip: Frugal February is about challenging yourself
27:46 PART 3: $1,000 Saved and Invested Now Will Become $13,267.68 in 30 Years! And, in 30 years, our investment will cash flow $398.03 per year in dividends that we can use to pay our bills.
29:50 Pro Tip: When you spend "just" $1 or $5 on something, it's actually 13 times that amount when you look at the opportunity cost.
31:29 PART 4: We Will Invest our $1,000 savings in Starbucks (SBUX), one of our favorite dividend stocks.
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DISCLOSURE: I am McDonalds (MCD) and Starbucks (SBUX). I own these stocks in my stock portfolio. My kids own Disney (DIS).
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