It's the end of the month and you get your credit card bill, eyes pop out of your head and you think, WHERE IS ALL MY MONEY GOING? You've stopped eating out, you only buy cheap coffees, and your clothing and travel budget is nonexistent. You think you have no more room to cut costs. I am here to tell you that you do! There is hope at the end of the "very broke" tunnel. I know this because despite all of my penny saving tricks, I needed to find a way to save another $100 or more a month and I found it. It's your recipes man! Yep that's right. You think you are being thrifty by cooking home-cooked meals but let me tell you where all the extra money goes…it's those darn recipes!

Recipes are a total money sucker. That's where your "stay in and cook" plan starts to get expensive. Let's play this out. You make the frugal decision to stay home and cook. What's the first thing you do? Google a recipe that has you flying to the store to pick up all the missing ingredients you need for this home cooked delight. Before you know it, you have a jar of masala seasoning (of which you only need a teaspoon), a bunch of leeks (of which you only need one), and a jar of sun-dried tomatoes (of which you only need a quarter of). You use your new ingredients one time, and are on to the next recipe, likely throwing out, or never using the other leftover un-versatile ingredients. Stop this, stop buying ingredients you only use once a year, stop googling recipes that require additional trips to the store, stop wasting money…and no, I am not saying stop eating. Well I am, I am saying stop eating food that requires you to waste money and start REVERSE MEAL PREPPING.

What the heck is reverse meal prepping (RMP)? It's cooking backwards! No, I don't mean put your back to the stove while you try to simmer your veggies. I mean make a weekly grocery list, stick to it, buy your staples, some proteins, some veggies, some fiber, complex carbs etc… When it's time to cook, type in three main ingredients you have in your house like chicken breast/broccoli/rice or salmon/pasta/green bean or potato/egg/cheese...you get the idea. NOW google. Recipe's will pop up with those ingredients. If any recipes pop up with additional ingredients you don't have you can either leave them out, or google a substitution for that ingredient.

Sounds obvious right? I have so many people ask me "what gave you the idea to make that!?" and I simply say, I just googled a couple ingredients I had on hand. I care about being healthy, but I am a very flexible cook. If a recipe calls for onions and all I have are scallions, it's fine. If a recipe calls for sweet potatoes and all I have are regular potatoes…yep you guessed it, it's fine. This way at the end of the week, or year, you wont throw out hundreds of dollars of food, and you won't head to the store to purchase hundreds of dollars of additional ingredients.

A few tips to make your Reverse Meal Prepping successful:

  • Have a well stocked spice cabinet
  • Have a variety of condiments that have a long shelf life
  • Only buy one meal's worth of meat/veggie protein at a time (unless you are prepping lunches and stuff).
  • Buy veggies that you know you love (not the I "should eat this" kind)
  • Minimize the purchase of foods that expire within 7 days, more trips to the store is better than throwing out food
  • Don't be afraid to get crazy in the kitchen and mix ingredients you never thought would go together! Breakfast Pizza and Hotdog omelets can totally be a thing!
  • Focus on healthy ingredients, not magazine worthy presentation

Let the RMP Begin!

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As the years go by, you'll likely need to make some large purchases here and there. Plan for these major life purchases by identifying them and saving early.

While it's possible to be frugal with many aspects of your lifestyle, there are certain events and possessions that will require you to spend a substantial amount of money. Thus, a wise course of action is to begin saving well ahead of time while thinking about your goals for the future. This way, you'll be able to maintain a stable financial state even when faced with those large expenses. The following are a few major life purchases that you should plan for.

A Wedding

Marriage is a joyous occasion that many people look forward to. However, a wedding can be quite expensive, often costing thousands of dollars. Your family and your future spouse's family will often contribute to covering this, but you should still prepare to spend a good deal of your own money on the ceremony. If you're in a serious relationship and are considering marriage, you should plan where the funds for the wedding will come from and take the necessary actions to accumulate them. It's also crucial to discuss financial matters with your partner, since your property will merge once you get married.

A New Car

Automobiles remain one of the top modes of transportation. As a result, you may want to purchase a new car at some point in your life. Although you may be fine with an old or used vehicle at present, you may one day be motivated by a desire to acquire something nice for yourself or by the practical needs that arise as you raise children. Whatever the case, obtaining a new car is a major life purchase that you should plan for.

In addition to setting aside funds to eventually put towards a vehicle, you should also aim to build you credit score. This is because your credit score will determine your available car loan options. The higher your credit score, the more you may be able to lower your interest rates on your car.

A House

Owning your own residential property is a worthy objective that you may hope to make a reality one day. Ideally, you should save about 20 percent of the total cost of a house before you buy it. This will allow you to make a larger down payment and thereafter face less interest on your mortgage.

As with acquiring a car, the mortgage options that you'll have can change based on how strong your credit score is. You'll want to increase your score as much as possible in the years leading up to buying a house so that you can get more favorable interest rates. In addition to contemplating down payments and mortgages, you must also remember that you'll need to deal with property taxes, insurance, maintenance and repair fees, and sometimes homeowners' association charges.

It's also necessary to hire a real estate agent to help you with the buying process. There are different types of real estate professionals. You should know how to distinguish between buyer's agents and seller's agents so that you can obtain favorable prices on homes as well.

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When you are newly hitched and learning how to combine your essential legal and financial information as well as your accounts, it can be confusing.

Many people live together before getting married and have begun the process of combining accounts and sharing responsibilities. However, some people wait to do this only after marriage, and others wait until they're married to live together. Whichever path you've chosen, it's still crucial to know a few tips to manage money together as newlyweds to determine where you should begin and how you can remain on the same page.

Discussing Money Motivations

As we begin to share money with our significant other, we soon find out what one person may rank as a priority regarding money and the other may not. As such, sitting down and discussing money motivations is important. Two people who cannot agree on how to handle money may cause serious issues. This should include:

  • How to deal with money following payday. Is a percentage put into savings? Is that the day to splurge on dinner, drinks, and more?
  • The frequency and size of payments made to debts. Some people like to pay minimums, whereas others pay in full or make double payments.
  • What do you each consider money well spent? Is it a new 70" 4K television? Is it an investment? Is it paying as much debt off as possible?
  • How do you go about consulting each other before making purchases over a certain amount?

Establishing Financial Goals

After you evaluate the motivations behind your money and how it should be spent, you'll need to spend time together hashing out financial goals. As newlyweds, there are certain things on your list that you're going to want to save for. How do you go about that? How much of each paycheck will you dedicate to a particular fund?

Some things in the future worth making a financial plan for include savings and paying down debts. This is the time to be honest about your current financial standing. If you're looking to buy a home, you'll want to assemble a first-time homeowner financial checklist to begin to develop topics of conversation. Some of the things to consider setting goals for are:

  • Student loans
  • Car loans
  • Future children
  • A house
  • Medical bills
  • Delinquencies on credit reports
  • Vacation and rainy-day funds
  • Emergency funds

Budgeting Together

The more honest and open you can be with each other about the money you have and now the debts you share, the better. Implementing plans for the best ways to have the things that you both desire while still taking care of existing demands is important. These can be uncomfortable things to talk about; however, these conversations are necessary.

Following these tips to manage money together as newlyweds will allow you to have a starting point for conversations that can be tough to start. The sooner you and your partner get on the same page with finances and the responsibilities that come with them, the easier the transition will be and the sooner you'll find success.

It's the dream: money you can count on to keep rolling in, even while you sleep.

Passive income isn't entirely passive, of course. You'll put in work up-front to get the profits rolling, so don't relax in your recliner just yet. But with so many potential sources of passive income available to you, picking one or several will mean that the day you can finally kick back will draw steadily closer.

Rental Properties

Real estate is a tried-and-true wealth builder for a simple reason: people will always need somewhere to live. Research the market in a growing community until you know a good deal when you see it. You can maximize rent by fixing up a deteriorating property or upgrading a mediocre one. The key is to hire a property manager to do all the day-to-day landlord duties for you—and you'll need a good one. Smart investors put their profits in another property and repeat the process until they have a diverse portfolio.

A YouTube Channel

You can start a blog if you're more comfortable hiding behind a computer, but consumers are more likely to prefer video content. Post a series of “how-to" videos to answer questions about whatever you're an expert in.

You can put up any content you want, but if you don't want to commit to regularly updating it, focus on “evergreen" topics that will draw clicks for eternity. Ads will create your income, especially if your channel grows in popularity. Better yet, sign up for affiliate marketing. If you recommend a product and provide a link to buy it, you'll get a small percentage of those transactions.

Auto Advertising

If you don't mind vinyl-wrapping your car with an ad for a company, you can get cash just driving around and running your errands. Make sure you contact a reputable company that doesn't ask for any money from you; if they're the real deal, they'll evaluate your car, your driving habits, your area, and more. Bonus: the brighter the ad, the easier it'll be to find your vehicle in the parking lot.

Digital Products

What's something that people will pay for but doesn't require shipping on your part? Finding that item is what can supplement your income indefinitely. Write an e-book, charge for your cross-stitching patterns, design prints that people can digitally download, invent an app, record a “masterclass," or whatever else you want. Every time someone new discovers it, the cash register rings. With a little more effort, this is a potential source of passive income for you that can continue to grow. Once you build up a customer base, they might want more products. The good part is that it's up to you whether you wish to give it to them.