6 Things You NEED to Know to Fight Inflation
ฝัง
- เผยแพร่เมื่อ 8 มิ.ย. 2024
- These are a few things I'm doing to counteract inflation in 2023. If you do this right, you can save thousands of dollars depending on how much you make/spend.
everything mentioned in this video:
CREDIT CARD
-3% Cashback Credit Card: www.sofi.com/invite/money?gcp...
BANKING
SoFi 4.0% APY Savings Account: www.sofi.com/invite/money?gcp...
Capitol One 3.4%: capital.one/40aLTdA
INVESTING APPS
-Sofi Investing: www.sofi.com/invite/money?gcp...
-Public: public.com/user-referral?refe...
-Robinhood: join.robinhood.com/shelbyc145/
Rakuten: www.rakuten.com/r/CHURCH2188?...
Series I Bonds: treasurydirect.gov/
This video is not sponsored, these are all companies that I use myself. I've used the referral links they each provide so that we can both get a bonus!
disclaimer: this is not financial advice. consult a financial advisor for your situation.
0:00 Inflation is out of control
0:48 #1 trader joes
2:10 #2 - 3% cashback credit card on EVERYTHING
3:59 #3 - high interest savings account
5:15 how they can pay higher savings account rates
8:09 #4 - Investing in 2023
11:01 #5 Extra cashback with Rakuten
12:34 Series I Bonds
Vlog Channel: / othershelby
Instagram: / shelbychurch
Twitter: @shelbychurch
Snapchat: shelbychurch
Follow me on LinkedIn: / shelby-church-58b5aa56
For business inquiries please contact shelby.church@a3artistsagency.com and churchshelby@gmail.com - แนวปฏิบัติและการใช้ชีวิต
Great video Shelby! And thank you for pointing out the absurdity of that article suggesting skipping breakfast to "fight inflation". Skipping meals definitely does not need to be normalized.
right!!! I really did not like that
What should be normalized is mocking very publicly these people that suggest things as heinous as this!
Fasting should absolutely be normalized, American eats way too much during the day.
@@ShelbyChurch Agreed! 💯
Intermittent fasting is actually pretty healthy and beneficial not just for blood sugar and your GI tract, but so much more. That being said, many people need to eat at minimum 3 small meals a day for health reasons, blood sugars, etc. so there goes that advice - you can’t give advice like that to the masses without getting into trouble
I fight inflation by skipping breakfast, lunch, and oh what the heck, dinner too. I've been saving a lot of money and losing weight too! The negative side effect is that, well, I've barely had enough energy to type this comment, oh well...
I can’t stop laughing 🤣🤣🤣😂
It’s the “oh well” for me 😭😂
One thing I've done is to just cut out unnecessary spending. It sucks sometimes, but if you're looking at something it's helpful to think "do I really need this? If I get it, how long will it last?" Obviously I do still splurge sometimes, but it is FAR less frequent and it's smaller things like a snack item, or a book from Costco. Also I only go to really 3 stores on a regular basis; Costco, Target and Safeway (to a lesser extent).
I’ve been cutting out unnecessary spending also! I think it’s wise to do that right now
@@ShelbyChurch I was hoping all you find a better place where everything is cheap, I'm glad you found trader joe. America's inflation is reportly to be the most unreasonable on all the countries right now.
@@ShelbyChurch investing in stocks rn will be lovely as a professional trader things looks very bullish
I want to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, i'm open to ideas...
Well the bigger the risk, the bigger the reward and such impeccable trades are better executed by professionals.
That’s right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750K, I was basically just following the guidelines set by the financial advisor I use, so you don't necessarily need to be a perfect investor or do the hardworks, just have a professional to guide you.
That's impressive! I could really use the expertise of this advsors.
I'm being guided by *Sharon Louise Count* . She is a well known advisor. You can simply search her name on the web
So that you can easily get in touch with her. she has years of experience in the financial market
Thanks, I just googled her full name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Thanks Shelby! I've actually been practicing some of these and they are amazing tips, so this is confirmation for me. Also, your humility and practicality is refreshing, really appreciate you sharing so candidly.
Quick note: If you're planning on maintaining a deposit over the fdic limit.. do the due diligence and read up on what the bank is doing with your money. In some cases the bank can give you crazy good interest rates because they in turn are lending that money out to risky borrowers at higher rates.
Shelby COSTCO! A rotisserie chicken, organic Turkey, dates, nuts, chia, quinoa, oat milk, snack bars, frozen fruits, tofu, hummus, bread, the meats/ salmon, and a good set of Tupperware/silicon bags to store everything in the freezer in smaller portions in there really cut costs and gets you a long way. It came to a point when I saw my spending on groceries and thought it was ridiculous to spend that much on them, so I tried for 1 month and it’s worth it.
Yes Costco is amazing!! I’m always cooking for one though, so I think I would have way too much food waste… it’s so great for families though. I love Costco.
@@ShelbyChurch when I did this I thought the same because it’s just me, but with some parchment paper, silicone bags and Tupperware you place everything in the freezer and you’re good to go.
The only disadvantage is that you need to buy in bulks.
I bought the Food saver thing where you can create your own vaccuum food bag to put in the freezer and am able to store the rotisserie chicken in like 6 small portions to eat over a few months!
I’m one person and I love Costco mostly because I cook for my dogs. Their organic ground turkey can’t be beat. Unfortunately it just went up from $17.99 for 3lbs to $19.99. But that’s inflation.
I bought a BMW through Costco in 2004 and my house through them the next year. Always bought gasoline there. Tires as well. Now drive electric. I should have done my solar through them because that didn’t go well with a local company. Costco stands behind their stuff and the vendors who they link us to.
Thank you Shelby. Good stuff. 👍 Always enjoyable to hear from You.
Good Sunday afternoon Shelby. Excellent video. I definitely appreciate your recommendations for how to fight inflation during this inflationary times. 😊😊
The video we all needed! Thank you, Shelby!
OMG. I just closed my savings account in BOA! I did not know there were better-paying banks!! Thank you!!
I need to do this STAT. They really are screwing us over, aren’t they?
I will always love your videos. You are doing something no one else is. You are entertaining and informative!!
Just a heads up, SoFi does not offer the 4% APY if you do not set up direct deposits from an actual employer. So if you are doing your own thing like I'm trying to do, you can't get access to the 4% APY on their savings accounts. They don't accept things like Venmo, Paypal etc. I didn't realize that until after I set up my account with them so hoping to save someone some time if they're also self employed. Great video Shelby, thanks!
Thanks for saying this. Does anyone know the best high yield savings account without direct deposit??
Ohh this is a good note. I have my direct deposit on so I totally forgot it was only when you do that
@@csk1452 I use Marcus and I believe it’s 3.75%
Ally is absolutely 🔥 no minimum balances!
@@AliciaSky thank you! :)
This is all of the stuff I’ve been reaching separately. This video is great! Thanks!
Great video Shelby! You put in a lot of great work here and this is seriously useful🙏
Shelby Church explains hard concepts like inflation in an easy simple way we can all enjoy. She is like Bill Nye the Science Guy but with better skin courtesy of Sephora Bronzer!
Hhahahahaha thank you
Such a good video Shelby! You’re doing amazing :)
Thank you for this, Shelby! ❤❤❤
Miss this kind of informative video from your channel. Kudos for putting out cautions about credit card
Thank you for this video Shelby!!!! I never realized until now how nonexistent my APY was for my savings account. I just had it cause it was convenient with my checking account. Im switching now to one that will actually give me money in my account :)
This is such useful financial education, thanks!
Love this. Some people use coupons. Walmart has decent prices. There is a small mom and pop store close to my house where meat & chicken are very affordable. This video helps people save money. It's good putting your money in a saving with a higher APY. It's smart to put your money in separate accounts not put all your money in the same bank.
I’m a Kroger shopper because they send you coupons based on the products you are already buying. I also shop at Aldi since I find they have great prices to begin with.
I agree it is smart to put money in different bank accounts! I mean look what happened with Silicon Valley Bank 😳
Amazing quality on this video, Shelby, A+! You are doing such a great job and your delivery is so down to earth. Keep them coming!
This feels very on-topic and helpful right now!
I used to hate Trader Joe’s, but now that I actually have a budget instead of spending $1,000 a month on doordash TJ’s is such an amazing store! I can get great dinners there for under $6 a piece, and it’s non GMO, no artificial preservatives, nothing in the food is bad! I love Trader Joe’s! And the selection is amazing!
You are so good at doing videos like this! My one additional suggestion as far as grocery shopping is concerned would be to always do a list before you shop, and buy only items on the list.
Oh yes a list for sure!!
& 1 thing to add to the list idea , Eat before You go grocery shopping.never shop when your hungry. 😉😆
Shelby, I think you have great teaching ability , yes taking after your dad. Keep up the good work you've got the knack and thank you for choosing the subjects you do because they reflect the times we are in now.
I love how you always have such fun and interesting video ideas! This was a well done video and interesting to watch.
Love this video...and really all of them! Keep crushing it.
Thanks Kim!!
Great video Shelby, your like the little sister I never got... your so Rad. Great advice, great to see the content.
It’s nice to see the hustle you have, the work you put into your videos shows, great quality all the way through.
Very much needed and relevant! Thank you!!!
Great video, Shelby! I recently opened a Sofi banking account and was also pleasantly surprised to see the increase go to 4.00% I definitely wish I would have started a HYSA sooner :)
This is a great video Shelby! Would love more videos like this. Thank you!!
Great vid Shelby, thank you!
Great information! Thank you for sharing! Please do more videos like this!
I'm in the Chicagoland area, and I LOVE the Capital One cafes! The perfect balance btw the benefits of HYSA and the accessibility of brick-and-mortar locations
This video was AMAZING very insightful and clear. Definitely taking your recommendations
I enjoy the shift of topic in this video.
Great video, Shelby. I would add that people should stock up when they find good deals on stuff they buy all the time and to invest in a good bond index funds. When interest rates start to fall such funds should do well.
The video we all needed thanks Shelby
Thank you for a wonderful video ❤
Incredible video Shelby! ❤
So nice to see you! I’ve missed the vlogs!
Vlogs will come back soon! Thank you!!
This girl's joy is so contagious
thank you!!!
Great video Shelby!!!!
this is great, i really got into all of this last year
Nice video... Thanks Shelby!
One of your best ever! More please 😉
Super helpful, thank you!
I’m Canadian so not a lot of these apply to me, BUT I still enjoyed watching and I would love to see a whole video on the Capital One “lounges” or whatever they are. I would love to see you visit more than one!
Canadian is already screwed with the bad policy and much higher price than 🇺🇸 on pretty much anything.
I’m planning to do that soon!!
Great content !! Keep it up !!
Enjoyed your video as always! Also didn’t know that about capital one lounges! I’ve walked past one before, and was confused at why they had lounges/what the purpose was.
I appreciate the credit card advice in this and the last video. When I was younger I wasn't financially responsible and it stayed with me for a long, long time. I'm good now, but I wish I had heeded this advice when I was in my 20's!
yea it’s so important to be responsible with them!
Yup, it's a case of exploit the CCs, don't let them exploit you
Love all the info, thanks for sharing!👍🏽👍🏽👍🏽
Shelby!! This is incredible helpful thank you for this video it came at the perfect time. Random question for you or anyone - where is the best place to keep your spending money thats not for savings? Still a standard checking account?
I keep my spending money in my checking for ease of access
My main savings and checking accounts are with an online bank. While they promise free ATM access, the machines located near me (one in a Target and another in a 7-11) were always out of order. So I maintain a minimum balance in a Bank of America savings account (not checking) just so I have easy access to cash when I need it.
Amazing editing!! Love love love this content 🤩
Thank you!!
More content like this! I love it❤
Awesome video Shelby! I live in FL. Just paid $11 for 60 eggs at Walmart and though that was pretty good.
Loved this video!!
such a great video, Shelby! Thanks for the great advice.
thanks for watching!!
Hi Shelby! Amazing video as usual. Where is your wander hoodie from? Ahhh so cute.
Love this video! Could you do a short video on how you got set up to buy voo? I would want to buy it through sofi since I’m about to get an acct there
Costco is great for buying things in bulk. Asian grocery stores are great for produce.
Even fast food is no longer that cheap, so I have been better about preparing my meals. It's also healthy!
Very informative. Great job.
sooo appreciate the high yield savings account and investing info 🙏🏼🙏🏼
Great content!
Thanks Brandon!!!!
Super interested in learning more about stocks and investing.
Good video. Well written or actually well researched. I was just nodding my head as she mentioned the ways. I already use several of them.
Thank you!! I put a ton of time into this one!
Enjoy this thank you!!!
nice video I love it thanks ❤
So helpful!!!!!🎉🎉❤❤❤
This was so helpful Shelby ❤ I opened a high interest savings account today because of this video 🎉
Thank you
Silver, gold, and platinum are where its at for investments!
This was pretty good, covering daily finance and food costs. Something I've discovered is meal kit deliveries, which seems more affordable and the tastes and cooking are a whole new level!
Great video!!
Great video!! I am a sales shopper and do so much research before buying things. Love the bank savings tips.
The SoFi bank recommendation is awesome! I'm going to open up an account with them right now!
Do you know if series I bond is the same as CD(certificate of deposit) or what the differences are?
Thank you for your awesome video!
Nice job!!!! Really useful information!
This was a GREAT video!! Just wanna say that :)
Hello from Gatlinburg TN! Great job! I love watching diff vloggers as I'm on month #14 of being on TH-cam and always learning..Have you ever been to Gatlinburg TN Smoky Mountains Park? We have 16mil visitors 🏞️🐻🌄
Thanks for sharing
LOVE THIS!
Thank you Shelby for the helpful tips!
yes I agree pretty delusional skipping breakfast just to save money
I love your videos 😊
Awesome video Shelby your Killing it these Days Good Job😊
This is a great video! All of it adds up overtime. Keeping your money in an account with a high interest rate can make you up to 1,000 a year.
Employee-owned Winco is cheaper than TJ. However, i love TJ.
You have your shit together and you are very smart with your money.
Madam church I have learned and appreciate your lecture
@Shelby church thanks have always wanted to learn economics , understanding it. greatly humbled that u concerned
Phenomenal video!
Thank you for this I have seen these companies just freeloading off parents just trying to feed their families. I have been thinking that people will be outraged in the coming year when these food companies announce their record profits to the public, who innocently believed there was something else to blame. The 16% food inflation here in the UK does not add up to the absolute price gouging that is in progress in our stores. I cannot believe no one else is pointing this out.
Amazing! Thank you!
Thanks Shelby! These are my favorite type of videos. Finances are super important Love your honesty here ❤
Btw, check out Caleb Hammer vlogs. They are so fun to watch regarding financing :)
One thing I've been doing more of is DIY instead of buying. You can also sell stuff you make on marketplace and maybe discover a side hustle in the process.
Yes this is so true and it’s also really fun!
Thing to note VOO is an exchange traded fund (acts likie a mutual fund but has the taxes like a stock) This way investors don't get hit with capital gains each year like in a mutual fund. I shop online and bought basically all my Airbnb remodel furnishing using rakutan and got back 1000s. I too am doing dollar cost investing since January and will do so for the time being. great video as usual. Miss your vlogs hope you come back soon after your break.
Ill be back soon on the vlog channel!! Thanks for watching :) and glad you were able to get so much back when you furnished your airbnb that’s awesome!
What do you think about physical 24karat gold as saving money ?.