The biggest problem that folks make is that they spend morre than they "make". Big no no. Sadly alot of folks don't see it that way. Also what I do is I keep track of everything that I spend and keep the receipts in an Envelope. At the end of The Month, I calculate what I spent over what I made. Also my biggeest weaknesses are Amazon & Dollar Type Stores but I don't touch them. I'd rather buy for the right reasons than buy for the wrong reasons. I live in Canada and part of my Salary goes to RRSP (Registered Retirement Savings Plan), RSP (Retirement Savings Plan), TFSA (Tax Free Savings Account) so that helps alot. My biggest problem is when Family ask for help and although they pay back sometimes they don't right away which irritates me.
Pay yourself first. Make a budget and figure out the max you can save. Then set up an automatic transfer to savings or brokerage to come out of your income based on that. What remains is for bills and life. Some months are challenging, but it is good to see how little you can spend.
I am brazilian, living in Portugal, so a different economy. The last two months I had unexpected expenses at home, and had to use part of my still building reserve. And part I put on the credit card, but very low debts. This month the card will be 27, and next month will be 52. It is the 3rd time in a row that I have colored my hair at home. It is 30 euros saving each time, to compensate. And we got the news that everyone will receive an adjustment in the income tax, to be reimbursed on September and October, which is about 15% of my salary on each month. It feels like I am given another chance, and I till take it.
My win today: I used up my entire FSA before the deadline (flexible spending account)! First time I ever tried doing the FSA thing and I was afraid I wouldn't manage the paperwork and the process but I did and it wasn't awful.
Okay soooo I’m sharing because you always touch on this one aspect of financial wellness and that’s bouncing back from when you make a financial mistake. One of my main mistakes is overspending and anytime I do it I get discouraged because I know better and one month I do what I know but the next that bad habit comes crawling back. The one piece of advice that keeps me going is to get back up and keep trying!!! Like you said we ALLLLL make some type of mistake but regardless of it we have to keep getting up and trying again no matter what and try to make smaller changes to pivot and correct that money habit keeping me from my goals. Anyways thanks for sharing this video with us!!
You can either pay off the card with the lowest amount or use the money to help pay down the card with the highest interest. Set aside some of that cash for an emergency so you don’t go using a credit card again.
If you use money you will use it. Mine is for work and yes eating out. No expensive places though. I save but something else still needs money. The savings is little but not nonexistent. Whew. And you really can't get back time.
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The biggest problem that folks make is that they spend morre than they "make". Big no no. Sadly alot of folks don't see it that way. Also what I do is I keep track of everything that I spend and keep the receipts in an Envelope. At the end of The Month, I calculate what I spent over what I made. Also my biggeest weaknesses are Amazon & Dollar Type Stores but I don't touch them. I'd rather buy for the right reasons than buy for the wrong reasons. I live in Canada and part of my Salary goes to RRSP (Registered Retirement Savings Plan), RSP (Retirement Savings Plan), TFSA (Tax Free Savings Account) so that helps alot. My biggest problem is when Family ask for help and although they pay back sometimes they don't right away which irritates me.
Pay yourself first. Make a budget and figure out the max you can save. Then set up an automatic transfer to savings or brokerage to come out of your income based on that. What remains is for bills and life. Some months are challenging, but it is good to see how little you can spend.
Great advice 😊
Exactly
I am brazilian, living in Portugal, so a different economy. The last two months I had unexpected expenses at home, and had to use part of my still building reserve. And part I put on the credit card, but very low debts. This month the card will be 27, and next month will be 52. It is the 3rd time in a row that I have colored my hair at home. It is 30 euros saving each time, to compensate. And we got the news that everyone will receive an adjustment in the income tax, to be reimbursed on September and October, which is about 15% of my salary on each month. It feels like I am given another chance, and I till take it.
❤ well done
🎉🙏🏿😇❣️
Look up Larysa Caba and invest that money
Just look her up
Larysa Caba
I love watching: Clever Girl Finance, Stock Brotha, & Everything Money. Great to watch! ❤ ❤ ❤
Thank you for the recommendations!! ❤
My win today: I used up my entire FSA before the deadline (flexible spending account)! First time I ever tried doing the FSA thing and I was afraid I wouldn't manage the paperwork and the process but I did and it wasn't awful.
Thank you so much. I got some down points of myself here, sure to fight them
Okay soooo I’m sharing because you always touch on this one aspect of financial wellness and that’s bouncing back from when you make a financial mistake. One of my main mistakes is overspending and anytime I do it I get discouraged because I know better and one month I do what I know but the next that bad habit comes crawling back. The one piece of advice that keeps me going is to get back up and keep trying!!! Like you said we ALLLLL make some type of mistake but regardless of it we have to keep getting up and trying again no matter what and try to make smaller changes to pivot and correct that money habit keeping me from my goals. Anyways thanks for sharing this video with us!!
Yes absolutely! We all do! Thanks for sharing and for being here! You are doing great!
Don’t put off making action on your savings!!!
Savings shouldn’t be under emphasized…It comes in handy a lot
We girlies shouldn’t sleep on this🌸
Great video keep teaching them, baby girl ❤🙌🙌
Great information here. Women in finance. Good advice.
I've made mistakes with money spending on mind altering substances
Thanks for your goood message,i have made a lot of mistake but according to your advice i will start new life thanks
You absolutely can start over!
Great financial advice 😊
Thank you so much you just awake my mind and I promise to come back after a year with a testimonial ❤😍
I really love your video sis thanks for sharing that is very helpful tips loved ❤❤❤ keep it up good work sis.
I finally paid off my credit cards and I put a freeze on them,and I only us cash,I have a chance to build, my emergency fund up
Me too what an AMAZING FEELING 🎉❤
Keep it up 😊
Bola I love your forandole necklace! Been following your work for 4 years!
Thank You ❤
I made all of them
Thank you so much ❤
I love watching you videos.I appreciate
The very first mistake...I relate 😂
love this share
I feel like you're talking to me directly
When you say save 10% of your earnings can part of that 10% be money going into your retirement at work?
If I have high interest credit cards, should I pull from my savings to pay more towards the debt to pay it off faster?
You can either pay off the card with the lowest amount or use the money to help pay down the card with the highest interest. Set aside some of that cash for an emergency so you don’t go using a credit card again.
Can you give great investment avenues?
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♥💯
If you use money you will use it. Mine is for work and yes eating out. No expensive places though. I save but something else still needs money. The savings is little but not nonexistent. Whew. And you really can't get back time.