WEBVTT 00:00:00.000 --> 00:00:02.700 Welcome to the Deep Dive. If you're a retiree 00:00:02.700 --> 00:00:05.900 living on a fixed pension, you, you know that 00:00:05.900 --> 00:00:08.599 constant pressure. Inflation just keeps climbing 00:00:08.599 --> 00:00:11.359 and it feels like your financial ground is always 00:00:11.359 --> 00:00:14.179 shifting. It's a real and valid anxiety for so 00:00:14.179 --> 00:00:17.300 many people. Absolutely. So today our mission 00:00:17.300 --> 00:00:20.570 is to turn that anxiety into action. We've gone 00:00:20.570 --> 00:00:23.129 through a pile of expert guides and strategies 00:00:23.129 --> 00:00:25.710 to create a clear roadmap, one that's designed 00:00:25.710 --> 00:00:28.250 to put you firmly back in control. And control 00:00:28.250 --> 00:00:30.829 is the key word there. We really need to shift 00:00:30.829 --> 00:00:33.829 the mindset from the get -go. Budgeting, especially 00:00:33.829 --> 00:00:36.490 on a tight income, isn't about restriction. It's 00:00:36.490 --> 00:00:38.929 not a punishment. It is absolute empowerment. 00:00:39.090 --> 00:00:41.630 Think of your budget as a financial map. It doesn't 00:00:41.630 --> 00:00:43.509 tell you where you can't go. It shows you the 00:00:43.509 --> 00:00:45.469 best, safest route to get to where you want to 00:00:45.469 --> 00:00:48.210 be, which is security. Okay, let's unpack this. 00:00:48.350 --> 00:00:50.810 We've structured this. dive into four basic steps 00:00:50.810 --> 00:00:52.750 first we're going to face reality what's coming 00:00:52.750 --> 00:00:55.509 in what's going out no more guesswork second 00:00:55.509 --> 00:00:57.829 we'll build a budget structure that actually 00:00:57.829 --> 00:01:01.409 works for a lower income third and this is the 00:01:01.409 --> 00:01:03.630 really practical part we'll get into strategic 00:01:03.630 --> 00:01:06.790 cost cutting without you know sacrificing your 00:01:06.790 --> 00:01:09.129 quality of life which is critical and finally 00:01:09.129 --> 00:01:11.290 we'll talk about building a sustainable future 00:01:11.290 --> 00:01:14.989 so let's start at the beginning step one Understanding 00:01:14.989 --> 00:01:17.890 your financial reality. You have to. You can't 00:01:17.890 --> 00:01:20.150 solve a problem until you can define it. And 00:01:20.150 --> 00:01:22.170 the very first thing for anyone listening is 00:01:22.170 --> 00:01:26.150 to just stop guessing. Start knowing. And that 00:01:26.150 --> 00:01:27.950 means a full income assessment, right? Every 00:01:27.950 --> 00:01:30.310 single penny. Every single penny. And you need 00:01:30.310 --> 00:01:32.689 to list it all out. What's the source? What's 00:01:32.689 --> 00:01:36.090 the exact amount? And this is important. When 00:01:36.090 --> 00:01:38.709 does it arrive in your account? The timing matters. 00:01:38.790 --> 00:01:40.909 The timing is everything for cash flow. So let's 00:01:40.909 --> 00:01:42.709 take a common example we saw in the research. 00:01:42.909 --> 00:01:45.510 You might have your state pension, say, 800 pounds. 00:01:45.590 --> 00:01:48.010 That lands on the first of the month. Then maybe 00:01:48.010 --> 00:01:51.030 a small private pension, 400 pounds on the 15th. 00:01:51.090 --> 00:01:53.510 Maybe you have a little rental income, 150 pounds. 00:01:53.689 --> 00:01:55.689 That comes in on the 5th. So you write all that 00:01:55.689 --> 00:01:58.609 down. You write it down. And now you have a concrete 00:01:58.609 --> 00:02:01.959 number. In this case, 30 to 150 pounds. That's 00:02:01.959 --> 00:02:04.200 your anchor. That's the reality you're working 00:02:04.200 --> 00:02:06.140 with. Once you've got that income number locked 00:02:06.140 --> 00:02:08.360 in, then comes the other side of the coin, which 00:02:08.360 --> 00:02:11.020 can be a bit more painful tracking expenses. 00:02:11.580 --> 00:02:13.520 It can be, but it's where you find all the power. 00:02:13.699 --> 00:02:15.759 And the sources say to categorize everything. 00:02:16.240 --> 00:02:18.840 We're talking three main buckets here. First, 00:02:19.039 --> 00:02:21.340 your essentials. That's housing, food, utilities, 00:02:21.500 --> 00:02:24.939 health care, the non -negotiables. Second, discretionary. 00:02:25.219 --> 00:02:27.360 This is the stuff that makes life enjoyable. 00:02:27.599 --> 00:02:31.379 Eating out. hobbies, subscriptions, and then 00:02:31.379 --> 00:02:34.099 third, the irregular expenses, the ones that 00:02:34.099 --> 00:02:36.439 sneak up on you. Ugh, the annual car insurance 00:02:36.439 --> 00:02:39.639 bill. Exactly, or holiday gifts, things you know 00:02:39.639 --> 00:02:42.060 are coming but, you know, forget to plan for. 00:02:42.300 --> 00:02:44.580 And can I add a crucial detail there, something 00:02:44.580 --> 00:02:46.759 we saw that makes a huge difference? Please. 00:02:46.819 --> 00:02:49.860 Always, always include a small miscellaneous 00:02:49.860 --> 00:02:52.460 category, a buffer. It doesn't have to be big, 00:02:52.500 --> 00:02:54.460 maybe 20 pounds or 30 pounds a month. For what 00:02:54.460 --> 00:02:57.770 exactly? For life. For the unexpected tube of 00:02:57.770 --> 00:03:00.490 toothpaste, the birthday card you forgot. It's 00:03:00.490 --> 00:03:03.849 a psychological safety net. It stops a tiny unplanned 00:03:03.849 --> 00:03:06.909 expense from derailing your entire budget and 00:03:06.909 --> 00:03:09.110 making you feel like you failed. That makes so 00:03:09.110 --> 00:03:10.810 much sense. It gives you a bit of breathing room. 00:03:10.930 --> 00:03:12.949 So once you have these lists, the next step is 00:03:12.949 --> 00:03:15.949 finding what the sources call money leaks. Yes. 00:03:16.349 --> 00:03:20.259 Money leaks are just inefficiencies. They're 00:03:20.259 --> 00:03:22.560 dangerous because they're small. You ignore them 00:03:22.560 --> 00:03:24.879 day to day. But they add up. They add up massively 00:03:24.879 --> 00:03:27.400 over a year. The most common ones we found were 00:03:27.400 --> 00:03:30.460 things like forgotten subscriptions, that streaming 00:03:30.460 --> 00:03:32.240 service you haven't watched in months. Guilty. 00:03:32.360 --> 00:03:35.379 Or inefficient utility. Use old drafty windows, 00:03:35.539 --> 00:03:38.280 leaving things on standby. But the biggest, most 00:03:38.280 --> 00:03:41.520 toxic leak of all, high interest debt, credit 00:03:41.520 --> 00:03:43.770 cards especially. They just quietly drain your 00:03:43.770 --> 00:03:46.530 income. So the action here is to literally print 00:03:46.530 --> 00:03:48.610 out three months of bank statements and get a 00:03:48.610 --> 00:03:51.250 highlighter. Yes. Highlight every recurring payment 00:03:51.250 --> 00:03:53.870 that isn't a core essential and circle every 00:03:53.870 --> 00:03:56.689 single interest charge you've paid. That exercise 00:03:56.689 --> 00:03:59.349 alone can be a huge wake -up call. And that leads 00:03:59.349 --> 00:04:02.150 us right into our second segment, building the 00:04:02.150 --> 00:04:04.110 budget structure. Now that we know the numbers, 00:04:04.270 --> 00:04:06.629 how do we organize them effectively? It starts 00:04:06.629 --> 00:04:09.409 with one simple rule, forced prioritization. 00:04:09.810 --> 00:04:12.979 Essentials get funded first. No exceptions. And 00:04:12.979 --> 00:04:14.860 to give that some structure, we really like the 00:04:14.860 --> 00:04:17.420 70 -20 -10 rule for this situation. Now, we hear 00:04:17.420 --> 00:04:19.680 about these rules a lot. The 50 -30 -20 rule 00:04:19.680 --> 00:04:22.199 is probably the most famous one. Why is 70 -20 00:04:22.199 --> 00:04:24.959 -10 a better fit for a retiree on a tight budget? 00:04:25.300 --> 00:04:26.800 That's a great question, and it really gets to 00:04:26.800 --> 00:04:29.220 the heart of it. The 50 -30 -20 model, which 00:04:29.220 --> 00:04:32.899 is 50 % for needs, 30 for wants, 20 for savings, 00:04:33.100 --> 00:04:35.480 it just assumes a higher level of disposable 00:04:35.480 --> 00:04:37.680 income. Right. For a lot of retirees, essentials 00:04:37.680 --> 00:04:40.589 are way more than 50%. Exactly. For someone on 00:04:40.589 --> 00:04:43.410 that 1 ,350 -pound income, housing and utilities 00:04:43.410 --> 00:04:47.910 alone may be 60%. The 70 -20 -10 model just acknowledges 00:04:47.910 --> 00:04:49.750 that reality from the start. So walk us through 00:04:49.750 --> 00:04:53.930 that split. 70 % is for essentials and just comfortable 00:04:53.930 --> 00:04:56.230 living. That's your housing, food, transport 00:04:56.230 --> 00:04:59.529 bills. 20 % is discretionary. And I want to stress 00:04:59.529 --> 00:05:01.910 this. This isn't frivolous. This is for your 00:05:01.910 --> 00:05:05.779 quality of life, hobbies, seeing friends. It's 00:05:05.779 --> 00:05:08.459 vital. Prevents burnout. It prevents burnout 00:05:08.459 --> 00:05:11.399 and isolation. And the final 10 % goes to savings, 00:05:11.500 --> 00:05:13.439 paying down debt, or building that emergency 00:05:13.439 --> 00:05:15.819 fund. Now, of course, this is flexible if things 00:05:15.819 --> 00:05:19.459 are really tight. Maybe it's 80 -15 -5. But the 00:05:19.459 --> 00:05:22.360 principle holds. So to make a roll like that 00:05:22.360 --> 00:05:24.740 stick, you have to track consistently. What are 00:05:24.740 --> 00:05:28.339 the best tools for someone who maybe isn't super 00:05:28.339 --> 00:05:31.360 tech savvy or finds banking apps a bit much? 00:05:31.579 --> 00:05:33.079 You need a system that creates accountability. 00:05:33.990 --> 00:05:36.029 For those who are comfortable with tech, apps 00:05:36.029 --> 00:05:38.930 like Mint or Yolt are fantastic. They link to 00:05:38.930 --> 00:05:40.990 your accounts and just they do the hard work 00:05:40.990 --> 00:05:43.410 of categorizing for you. You can see at a glance 00:05:43.410 --> 00:05:45.430 where the money's going. It visualizes the budget 00:05:45.430 --> 00:05:47.930 for you. It does. But for anyone who prefers 00:05:47.930 --> 00:05:50.670 something more hands -on, you cannot beat the 00:05:50.670 --> 00:05:52.750 envelope system. It's been around forever because 00:05:52.750 --> 00:05:54.990 it works. Explain that for anyone who hasn't 00:05:54.990 --> 00:05:57.740 heard of it. It's simple. You take out your discretionary 00:05:57.740 --> 00:06:00.379 cash for the month. You put 200 pounds in an 00:06:00.379 --> 00:06:03.079 envelope marked groceries. You put 50 pounds 00:06:03.079 --> 00:06:05.600 in one marked entertainment. And when the cash 00:06:05.600 --> 00:06:08.120 in that envelope is gone. The spending stops. 00:06:08.439 --> 00:06:11.740 Full stop. It stops. There's no tapping a card 00:06:11.740 --> 00:06:13.800 and dealing with it later. It creates a very 00:06:13.800 --> 00:06:16.279 real tactile limit. And I imagine if you stick 00:06:16.279 --> 00:06:18.600 with any of these systems, after a few months, 00:06:18.759 --> 00:06:21.180 the patterns just jump out at you. You can finally 00:06:21.180 --> 00:06:23.300 see where those leaks really are. It's like turning 00:06:23.300 --> 00:06:25.879 on the lights in a dark room. Suddenly you see 00:06:25.879 --> 00:06:27.899 everything clearly. Okay, this is where things 00:06:27.899 --> 00:06:30.540 get really interesting. Segment three, strategic 00:06:30.540 --> 00:06:33.480 cost reduction. We have the map. Now we need 00:06:33.480 --> 00:06:36.180 to find the shortcuts. How do we cut costs on 00:06:36.180 --> 00:06:38.939 the big things, housing, food, transport, without 00:06:38.939 --> 00:06:40.759 feeling like we're giving everything up? Right, 00:06:40.819 --> 00:06:42.720 and you have to focus on the big three. You'll 00:06:42.720 --> 00:06:44.399 burn out trying to save pennies on toothpaste. 00:06:44.779 --> 00:06:47.120 You need surgical cuts on the big ticket items. 00:06:47.459 --> 00:06:50.259 Let's start with housing. Downsizing is always 00:06:50.259 --> 00:06:52.620 the first suggestion, but that's a massive emotional 00:06:52.620 --> 00:06:55.579 step for a retiree. leaving friends, a community. 00:06:55.899 --> 00:06:58.660 It's a huge psychological cost, and the sources 00:06:58.660 --> 00:07:01.360 were very clear on this. Downsizing shouldn't 00:07:01.360 --> 00:07:04.480 mean isolation. If you have to move, the goal 00:07:04.480 --> 00:07:07.079 is to find a lower -cost area that still have 00:07:07.079 --> 00:07:09.579 great community links or transport back to your 00:07:09.579 --> 00:07:13.100 family. Are there alternatives to moving? The 00:07:13.100 --> 00:07:14.779 big one we saw highlighted was home sharing, 00:07:15.019 --> 00:07:17.360 renting out a spare room. It does two things 00:07:17.360 --> 00:07:20.000 beautifully. It generates income, turning your 00:07:20.000 --> 00:07:21.980 biggest expense into a revenue stream, and it 00:07:21.980 --> 00:07:24.250 can combat loneliness. What about making your 00:07:24.250 --> 00:07:26.649 current home cheaper to run? Energy efficiency 00:07:26.649 --> 00:07:29.569 is massive. Simple things like switching to LED 00:07:29.569 --> 00:07:31.930 bulbs help a little, but the big wins are from 00:07:31.930 --> 00:07:34.769 major upgrades. For instance, replacing an old 00:07:34.769 --> 00:07:37.230 G -rated gas boiler with a new efficient A -rated 00:07:37.230 --> 00:07:40.370 one can save you 200 or 300 pounds a year. Every 00:07:40.370 --> 00:07:42.610 year. That's a permanent reduction in your overheads. 00:07:42.610 --> 00:07:44.730 A permanent reduction. Okay, next up is food. 00:07:45.189 --> 00:07:47.610 This feels like a constant battle against rising 00:07:47.610 --> 00:07:50.649 prices. How do you win that fight? The key is 00:07:50.649 --> 00:07:53.990 planning. A detailed weekly meal plan that is 00:07:53.990 --> 00:07:55.889 tied directly to what's on offer at the supermarket 00:07:55.889 --> 00:07:59.310 that week and focusing on cheap, nutritious base 00:07:59.310 --> 00:08:02.689 ingredients, vegetables, beans, grains, instead 00:08:02.689 --> 00:08:06.550 of expensive processed ready meals. Is there 00:08:06.550 --> 00:08:09.730 a specific saving tip that stood out? Yes. One 00:08:09.730 --> 00:08:11.689 analysis showed that just switching from branded 00:08:11.689 --> 00:08:14.050 non -perishables like, say, the famous brand 00:08:14.050 --> 00:08:16.949 of baked beans or pasta to a good quality supermarket 00:08:16.949 --> 00:08:20.129 owned brand can save over 50 pounds a year. On 00:08:20.129 --> 00:08:22.930 just one item. On one item. So apply that across 00:08:22.930 --> 00:08:24.649 your whole pantry. You're freeing up serious 00:08:24.649 --> 00:08:27.170 cash without really sacrificing anything. That's 00:08:27.170 --> 00:08:29.670 a mindset shift. Brand loyalty has to go out 00:08:29.670 --> 00:08:32.669 the window. Now what about transportation? For 00:08:32.669 --> 00:08:35.409 someone who relies on a car or public transport. 00:08:35.710 --> 00:08:38.210 With a car, it's about efficiency. Group all 00:08:38.210 --> 00:08:39.929 your errands into one or two drips a week to 00:08:39.929 --> 00:08:42.159 save on fuel. For public transit, you absolutely 00:08:42.159 --> 00:08:44.779 must investigate any reduced fare or free travel 00:08:44.779 --> 00:08:47.399 passes available to retirees in your local area. 00:08:47.600 --> 00:08:49.460 So many people are entitled to them and just 00:08:49.460 --> 00:08:51.299 don't claim them. Which brings us to a really 00:08:51.299 --> 00:08:54.299 important point, leveraging external support. 00:08:54.820 --> 00:08:57.460 It can feel difficult to ask for help, but these 00:08:57.460 --> 00:09:00.000 benefits exist for a reason. They absolutely 00:09:00.000 --> 00:09:02.039 do. We have to remove the stigma. You've paid 00:09:02.039 --> 00:09:04.440 into the system your whole life. These programs 00:09:04.440 --> 00:09:06.639 are in place to provide security. You should 00:09:06.639 --> 00:09:09.240 use them. So what should people be actively looking 00:09:09.240 --> 00:09:12.259 for? Check for any supplementary income programs 00:09:12.259 --> 00:09:15.019 if your pension is below a certain level. Look 00:09:15.019 --> 00:09:17.539 for energy and utility subsidies, grants for 00:09:17.539 --> 00:09:19.820 home insulation, and definitely look at health 00:09:19.820 --> 00:09:22.200 care benefits, prescription prepayment, help 00:09:22.200 --> 00:09:24.440 with dental and eye care. You might be surprised 00:09:24.440 --> 00:09:26.120 what you're eligible for. And what's the big 00:09:26.120 --> 00:09:28.720 red flag here, the caution we need to add? The 00:09:28.720 --> 00:09:32.340 caution is to be hyper -aware of scams. Retirees 00:09:32.340 --> 00:09:35.600 are a major target. Never, ever share your personal 00:09:35.600 --> 00:09:37.860 or bank details from an unsolicited phone call 00:09:37.860 --> 00:09:40.399 or email promising some new benefit. So always 00:09:40.399 --> 00:09:42.320 verify. Always go to the official government 00:09:42.320 --> 00:09:45.220 website or a trusted charity yourself. Be proactive, 00:09:45.419 --> 00:09:48.340 but be careful. Okay, let's move to our final 00:09:48.340 --> 00:09:51.500 segment, building a sustainable future. This 00:09:51.500 --> 00:09:53.360 is about more than just getting through the month. 00:09:53.539 --> 00:09:56.879 It's about resilience. How do we set goals for 00:09:56.879 --> 00:09:59.850 that? You need to tier them. Short -term goals 00:09:59.850 --> 00:10:02.289 for the next one to six months are about getting 00:10:02.289 --> 00:10:05.549 quick wins. Track your spending, cut those subscriptions, 00:10:05.909 --> 00:10:09.629 build momentum. Medium -term, say six to 12 months, 00:10:09.769 --> 00:10:12.110 is about building your foundation. That's when 00:10:12.110 --> 00:10:14.389 you really focus on creating that initial emergency 00:10:14.389 --> 00:10:17.149 fund. And your long -term goals, looking one 00:10:17.149 --> 00:10:19.370 to five years ahead, are about capital preservation, 00:10:19.809 --> 00:10:22.590 thinking about legacy or major medical costs. 00:10:22.830 --> 00:10:25.009 Let's talk about that emergency fund. It feels 00:10:25.009 --> 00:10:27.250 impossible for many. What's a realistic first 00:10:27.250 --> 00:10:29.620 target? Don't aim for the full six months right 00:10:29.620 --> 00:10:32.139 away. That's too daunting. Aim for a quick win. 00:10:32.519 --> 00:10:36.200 500 pounds, then 1 ,000 pounds. That amount is 00:10:36.200 --> 00:10:38.320 enough to cover a broken washing machine or a 00:10:38.320 --> 00:10:40.940 surprise bill without derailing you. It builds 00:10:40.940 --> 00:10:43.200 confidence. Then you work your way up to the 00:10:43.200 --> 00:10:45.320 three to six months of essential expenses. And 00:10:45.320 --> 00:10:47.279 what if someone has high interest debt? Does 00:10:47.279 --> 00:10:50.549 that come before the emergency fund? Yes. Paying 00:10:50.549 --> 00:10:52.929 off high interest debt is one of the best investments 00:10:52.929 --> 00:10:55.049 you can possibly make. The sources had a great 00:10:55.049 --> 00:10:57.690 example. Paying off a 3 ,000 -pound credit card 00:10:57.690 --> 00:11:00.669 at 20 % interest instantly frees up hundreds 00:11:00.669 --> 00:11:03.649 of pounds a year. That's guaranteed money back 00:11:03.649 --> 00:11:06.470 in your pocket. For any actual investments, what's 00:11:06.470 --> 00:11:09.350 the mantra? It must be safety first. Preservation 00:11:09.350 --> 00:11:12.330 is everything when you're not earning anymore. 00:11:12.590 --> 00:11:14.490 You're not trying to get rich. You're trying 00:11:14.490 --> 00:11:17.730 to stay secure. So you focus on low -risk options. 00:11:18.509 --> 00:11:21.110 Government bonds, fixed -term savings accounts, 00:11:21.389 --> 00:11:23.549 maybe some high -quality dividend stocks from 00:11:23.549 --> 00:11:25.590 very stable established companies. You avoid 00:11:25.590 --> 00:11:28.730 anything that promises fast, high returns. Finally, 00:11:28.750 --> 00:11:30.549 let's touch on something that's often overlooked, 00:11:30.750 --> 00:11:33.190 the connection between health and finance. Why 00:11:33.190 --> 00:11:35.610 is wellness an essential investment on a tight 00:11:35.610 --> 00:11:38.250 budget? Because financial stress makes you sick. 00:11:38.350 --> 00:11:40.669 It's that simple. It causes anxiety. It ruins 00:11:40.669 --> 00:11:42.870 your sleep. It raises your blood pressure. And 00:11:42.870 --> 00:11:44.710 if you neglect your well -being to save a few 00:11:44.710 --> 00:11:47.250 pounds now, you are almost guaranteeing much 00:11:47.250 --> 00:11:50.169 higher medical costs later on. So investing in 00:11:50.169 --> 00:11:52.149 your health is a financial strategy. It's one 00:11:52.149 --> 00:11:54.029 of the best financial strategies. And how do 00:11:54.029 --> 00:11:56.970 you do wellness on a budget? You get resourceful. 00:11:57.309 --> 00:12:00.250 Exercise can be free. Walking, gardening, community 00:12:00.250 --> 00:12:02.789 classes. Good nutrition comes from cooking at 00:12:02.789 --> 00:12:05.570 home with seasonal produce. And critically, you 00:12:05.570 --> 00:12:07.629 have to prioritize your mental wellness through 00:12:07.629 --> 00:12:10.289 social connection. Join a book club at the library. 00:12:10.690 --> 00:12:13.669 Volunteer. Fighting isolation is vital. And it 00:12:13.669 --> 00:12:16.070 costs next to nothing. So let's bring this all 00:12:16.070 --> 00:12:18.250 together. What are the key takeaways from this 00:12:18.250 --> 00:12:21.029 deep dive? First, the budget isn't a cage. It's 00:12:21.029 --> 00:12:23.629 your map. It gives you control. Second, use a 00:12:23.629 --> 00:12:26.470 structure like 70 -20 -10 to force prioritization. 00:12:26.809 --> 00:12:30.070 Essentials always come first. And third, be surgical. 00:12:30.250 --> 00:12:33.190 Attack your biggest expenses, housing, food, 00:12:33.330 --> 00:12:35.870 transport, to find the biggest savings. And through 00:12:35.870 --> 00:12:38.789 it all, mindset is key. You have to be proactive 00:12:38.789 --> 00:12:41.470 and you have to be resilient. And please celebrate 00:12:41.470 --> 00:12:43.730 the small wins. The 50 pounds you saved on the 00:12:43.730 --> 00:12:46.289 food shop, the subscription you canceled. That's 00:12:46.289 --> 00:12:49.090 progress. A good retirement plan has to be flexible 00:12:49.090 --> 00:12:51.409 enough to handle whatever life or the economy 00:12:51.409 --> 00:12:55.230 throws at it. And building on that idea of control. 00:12:55.789 --> 00:12:57.250 Here's a final thought for you to take away. 00:12:57.669 --> 00:13:00.470 By embracing this kind of resourcefulness, this 00:13:00.470 --> 00:13:02.830 creativity we've talked about, you can ensure 00:13:02.830 --> 00:13:05.090 that a limited income doesn't have to define 00:13:05.090 --> 00:13:07.210 the quality of your life. You have the power 00:13:07.210 --> 00:13:09.789 to organize your resources so you're not just 00:13:09.789 --> 00:13:12.629 surviving, but actually thriving. So pick one 00:13:12.629 --> 00:13:15.330 thing from today, just one. Maybe it's drawing 00:13:15.330 --> 00:13:17.809 up that income table, or maybe it's just canceling 00:13:17.809 --> 00:13:19.490 one of those unused subscriptions. Just take 00:13:19.490 --> 00:13:21.929 that first step. It's always the most empowering 00:13:21.929 --> 00:13:24.049 one. Thank you for diving up with us. We'll see 00:13:24.049 --> 00:13:24.470 you next time.