10 Modern Money Saving Tips - Spend Less & Save Faster
ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2024
- How to save money, starting today, even on a tight budget.
In this video:
00:12 - Stop doom spending
2:40 - Stop budgeting
4:34 - Clear debts
5:40 - Stop spending to look rich
6:57 - Save aggressively once a month
7:47 - Strike a balance
8:48 - Do it yourself
9:37 - Borrow don't buy
10:26 - Be adaptable
11:10 - Be content
🍽️ Keep on track with your food budget using my weekly meal planner 👉 payhip.com/b/b6GEr
💰 Get the monthly budget spreadsheet 👉 payhip.com/b/rPZwK
Grab your budgeting freebies 👉 landing.mailerlite.com/webfor...
Get cashback on your shopping 👉 tidd.ly/3TWzjyu
Tools I use 👉
My camera: amzn.to/49nygMm
My microphone: amzn.to/43FU3O6
// Come and say hi over on Instagram: mrsvicky.smith
// Check out my websites: www.themummybubble.co.uk
www.morethanamummy.com
// Business inquiries please email vicky@morethanamummy.com
//See my Etsy store: www.etsy.com/uk/shop/MummyBub...
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you.
I’m not a licensed financial adviser. These videos are intended for educational purposes only. No official financial advice is being given. Please always check with a licensed professional before making any investments or financial decisions. Your investments are your sole responsibility, and in these videos, I merely share my own opinions with no guarantee of gain or losses.
![ไม่ต้องมีที่ที่ให้ฉันอยู่ แต่ขอแค่มีฉันอยู่ก็พอ (Spaceless) - getsunova [SHORT FILM]](http://i.ytimg.com/vi/MuT0d_cvJkc/mqdefault.jpg)
Totally agree regarding setting a budget - I never budget, but I save and invest at least 60% of my monthly salary as soon as it comes in and do the other things. I don't like the restrictive feeling of a budget and have done just fine.
It's really important people find what works for them. 60% is absolutely amazing! I also think a budget that doesn't work precisely can put people off making efforts to cut back.
I'm glad for you that you have a salary whereby you can afford to do that. Some folks just don't earn enough. So saying, I save a couple of pounds a week.
@lynnoorman2144 that is true, I am fortunate and didn't mean to post that to show off, sorry if it came off that way. I did come from a family who didn't always have money to put food on the table so I guess the fear of that motivates me. I can understand if the income isn't high and/or basic needs are expensive, that makes it incredibly hard to save.
Personally I use dollars but not USD and I don’t mind you speaking pounds. It’s your currency and people should just apply it to their currency. For instance the maths is the same 10+10=20 regardless of currency.
Yep absolutely this. I’ll take the currency feedback on board
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@maryHenokNftI just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?
She's known as *Gertrude Margaret Quinto* One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
I recently got another job and decided I have to get my finances together this year. I put money away for emergencies and the next month my guinea pig needed an emergency vet appointment. I’m so glad I had the money.
An emergency fund is so essential!
What a great video, I just discovered your channel & I’m loving it !
Great advice, thanks so much! I like that this advice isn't the usual samey stuff you hear from finance channels and its more achievable too😄
Do you have any low income/disability income videos? Your advice is very helpful and I’m happy to say I’m doing these things already, but now that I’m disabled, every penny needs to be stretched 20 different ways. Advice would be helpful!
Me too.
Budgets do not work. They restrict. And now I am wealthy because I saw the truth about having a budget. Yes fixed monthly expenses are expected. A car loan. A mortgage. A retirement contribution. But other expenses are not fixed and probably should not be budgeted for in my opinion. Today I saved $40 dollars on mulch and am now $40 dollars richer. A budget would have prevented me from spending my money on a good deal.
The one thing that has made a difference to me is creating sinking funds. So much easier to do now banks like Kroo and Monzo have pots to split savings into sections
Yes great tip, and really helps make sure annual costs don’t sneak up on you
Wow, all these comments about dollars vs. pounds. 😂 Who cares! I like your content, could care less about what you call the money-- keep making your videos!
Thanks so much, really appreciate this! So glad you like the videos ❤️
I went to the comment section for this, glad it was on top! I totally agree and i was surprised that people where so "anal" about a small thing like this..😂 I dont use dollars or pounds myself, since i live in Norway, Scandinavia. This is such a Ridiculous subject in my opinion 😅.
Love the videos and they go on repeat on my tv daily, since i am planning to sell my current apartment and upgrade to a better one in a better place (to the countryside, for my elderly dogs sake ❤).
*couldn’t care less. Could care less makes absolutely no sense because the only thing it rules out is that you don’t care at all which is exactly the point you’re trying to make. Reference David Mitchell’s soapbox.
Oh, whoops! Thanks for the correction.
Love your videos thanks from new Zealand
Thanks so much for watching!
In two months, I will be debt-free. I plan to save $150 a month for the long haul. I pay every cent extra to my bills for the next coming month. I am almost done with my three main bills. I still add a little to my savings.
Congratulations, this sounds like a great plan!
Fantastic Video and it speaks to me about my journey! It shows flexibility and this is quite refreshing!
I curtail purchases, just stop buying. Fear of homelessness is real.
Even with food, I have became picky. Bake from scratch, eat fruits, vegetables, seafood, a bit of chicken, brown rice, whole wheat pasta, cheese, cottage cheese, yogurt.
Love your videos. Thank you 😊
Thanks very much, really glad you found it useful!
Great video as always. I love your enthusiasm ❤
thanks so much! Glad you enjoyed it ❤️
Another very useful video, Thank you very much
Thank you so much for watching, glad it’s useful
Great video Vicky👍🏼
Thanks so much, glad you liked it ❤️
Wow 😮 what a fantastic video. I am that person you describe, the doom spender 😢 but trying to change habits and build up some savings. Thank you for this content.
It's so difficult and it was definitely me back when my junior reporter salary was so tiny I thought saving was for people who earned "real money".
Love the fact that £500 can accrue so much interest. I'm of an age where I'm trying to put as much as I can into my pension and I'm paying two extra AVCs as I only have 7 more years to retirement and unfortunately didn't consider this as a priority until a couple of years ago but I've also managed to invest another £100 a month as well for the last couple of years and its averaging between 7 & 8% so far. It's scary when the rates go down but so far I'm holding my nerve and long-term it seems to be paying off.
Yes I so agree, I only wish I had considered longer term goals and how interest could help me back in my 20s. I'm trying to make up for it now.
I have to have my card making supplies. it is a must.
Everyone has different priorities, it's so important to remember frugal living isn't about giving up on set things. It's just about intentional spending
Put your money away as soon as it hits your bank... Even $150 a month.
Great tip!
Tipp 1 = and you put your money in your savings account? -> inflation will eat a big bunch! Better put it in the stock market + diversify!
Some goes in savings, as I need some for easy access, and some goes in investments. as you say, it’s practical to diversify.
I have always found that the numbers for a budget are never accurate. You don't know what coming up. I end up being able to pay less on clothes some months for example (next to nothing) and yet Ive budgetted for it - encourages me to spend when there is no need.The same with food. Instead I go through my monthly expenses on line to keep myself disciplined. I know what I need to save and I just keep reigning it in as much as possible. Organising and planning instead of knee jerk or panic buying is so important. My car battery went 70miles from home and instead of panicking and joining the AA for a huge one off cost and enforced yearly contract, I phoned a local towing company to where I was who took me to a local car parts shop, halving the cost. Boredom anxiety and poor organisation are my greatest enemies.
Yes 100% this, the unexpected always sneaks up. Particularly with my kids - there's always something extra to pay for like a school trip or new uniform.
I follow because you are one of the few money bloggers who is in the uk. If you’re going to start working in dollars, I’m not keen any more.
Hi there, so I try to mention pounds and dollars alongside each other. This is tricky as I have a lot of US viewers and UK viewers. And you’ll see a few other UK finance TH-camrs also work a lot in dollars, I suspect for the same reason. I’ll take the feedback on board but it’s very difficult to please everyone.
@@TheMummyBubbleI am overwhelmed with US money bloggers but find very few in the uk that post relevant content. I want uk content relevant to me. I don’t need to know what to do with my big tax rebate or know how to manage my 401k. You may get more traffic but you won’t be relevant to me. Sorry!
@@janeybache3050 I can’t ever see myself talking in such specific terms re US finances as I have no personal experience with it. I may just make reference to dollars or pounds to attempt to make it inclusive when discussing budgeting and managing money in general.
Perhaps when talking about different currencies ,have the figures written on a board, showing us the figures, giving you a wider audience in different countries. I am a newbie at saving , what type of investment should I research on to give me a fixed high interest for say 10 years which doesn’t lose me any capital and if I need emergency funds can make withdrawals or should I go for 2 separate one to make withdrawals in an emergency and the other to not touch until the end of 10 years paying in monthly.
Then your lamp off, save some money on your electric
It’s providing light for the video, but thanks for the feedback