Supersavers Answer Your Money Questions

You asked, they answer. Money-saving experts share their best secrets.
3:00 | 01/17/14

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Transcript for Supersavers Answer Your Money Questions
♪ It's not about the money ♪ time for secrets of super savers. All week we've been revealing the steps you need to save hundreds even thousands of dollars in the new year. Our super saver money machine is fired up and today we ask you to confess your concerns when it comes to cash. Our expert has the answers. Abc's bianna golodryga has the story. Reporter: It's been called the "f" word, no, not that "f" word, finance, personal finance as in you and your money and even though over 76% of the country feels out of control when it comes to cash it's at topic that is rarely talked about. It's a huge topic that has a lot of shame and embarrassment. We asked alexa author of "financially fearless" to face your fears and give us her super savings solutions. Wiping the slate clean in 2014. Reporter: We asked people to step into our confession booth to air their most embarrassing errors. First up, sharon bruce, teacher, student debt holder and self-proclaimed music junkie who spends $200 on concert tickets every month. I have a gym membership which is terrible because I also got a gym membership to a rock climbing gym for my birthday so I have to rent equipment every time I go. Reporter: Her first tip, live by the 50, 20/30 rule. 20 should go to the future and 30% is your fun budget. Your lifestyle budget. Reporter: Her advice make a choice to fun spending, drop the gyms. Both of them $51 a month, $612 per year and use that money you save to pay down the debt. Confess away. Next up alex lang. I take too many taxis and always buy groceries for the week in hopes that I'll stay in and eat and I still pay for magazine subscriptions that don't even come to my apartment. She spends $50 on cabs every week and 60 on on used groceries, that's $110 a week. 5,720 every year. I'm totally embarrassed. Tip two, track your spending. Learn best.Com. Tyler fisher, a stand-up comedian who confesses right away he has no money. I couldn't afford a wallet. Final tip, put it on paper and break down your spending month by month seeing your finances in writing will help you get organized. Sitting down and having a financial game plan, we can make you feel great about your money. For "good morning america," bianna golodryga, abc news, new york.

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