The speaker, Luis, conducts an experiment where he reviews his account statements to identify unnecessary expenses. He discovers that he spends around 1,835 pesos (approximately $90 USD) per month on automatic payments for services he doesn't use, such as iTunes, Google, and Netflix subscriptions. He calculates that this amount could be used to buy useful items like sneakers, fill up his gas tank, or pay for Uber trips. Over a period of six months, this amounts to around 11,000 pesos ($550 USD), and over a year, it's around 22,000 pesos ($1,100 USD). Luis realizes that he has been wasting money without even realizing it and encourages his viewers to conduct a similar exercise to identify their own unnecessary expenses.
Here are the key facts extracted from the text:
1. The narrator, Luis, is from Mexico.
2. The exchange rate mentioned is approximately 20 Mexican pesos to 1 US dollar.
3. Luis uses different payment methods, including Google Payment Corporation and iTunes.
4. Luis has automatic payments set up for various services, including Netflix, Amazon, and Google.
5. Luis's monthly expenses include:
* 49 pesos to Google Payment Corporation (approximately $2.50 USD)
* 139 pesos to iTunes (approximately $7 USD)
* 109 pesos to iTunes (approximately $5.50 USD)
* 99 pesos to Netflix (approximately $5 USD)
* 80 pesos to ATM commissions (approximately $4 USD)
* 200 pesos to a mysterious charge (approximately $10 USD)
* 35 cents to Amazon (approximately $0.18 USD)
6. Luis's total monthly expenses amount to 1,835 pesos (approximately $90 USD).
7. If Luis saves this money for six months, he could buy a mid-range cell phone, a round-trip flight to Argentina or Brazil, or other goods and services.
8. If Luis saves this money for a year, he could buy a high-end mobile phone, a screen for his living room, or other goods and services.