Struggling to make ends meet? Learn 10 practical budgeting tips that work even on a small income! Whether you’re living …
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Struggling to make ends meet? Learn 10 practical budgeting tips that work even on a small income! Whether you’re living …
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25 comments
Thanks for watching! 🙌What topic should I cover next? Comment below! 💬
Super entertaining from start to finish.
So creative and unique.
Great video. A couple things I would add:
1. Downsize your belongings and sell everything you no longer need. Even if you sold five items for only $5 on FB marketplace, that's $25 you could put towards debt repayment or savings. It all adds up. Plus, many find downsizing belongings to bring them better peace of mind. A clutter free home is nice to walk into after a hard day's work. It's also easier to clean!
2. I will be honest, I have no credit card debt and I never have (I'm 39 and by no means well off). I have lived everyday of my adulthood with the motto, "If I have to put it on credit, I can't afford to have it." The only way I ever see myself getting into credit card debt is if I had no money and needed food or necessities to literally survive.
In addition, I charge EVERYTHING to my credit cards. I have one for personal use (currently an Amazon Prime card since I use Amazon a lot and enjoy the points) and one shared credit card between my partner and myself (we have no plans of combining income). Anything that is a shared expense like bills, food, joint purchases, travel, etc goes on the shared card. I have my phones calendar alert me on payday. I log into my bank account, and immediately pay the two credit cards in full. I Venmo request half the costs on the shared credit card from my partner. Again, this only works if you can agree that credit cards are for the PERKS, not for buying things you don't have money for.
I use Chase for my bank account and cards. Something I have been guilty of for years is not activating the perks on our shared card. The way this particular card works is every quarter, the perks change and you have to click "activate." For example one quarter it might give you cash back for gas. Another quarter it gives you cash back for groceries. Etc. I lament how much money I could have recouped if I had paid attention to activating the perks each quarter.
3. I have a savings account for a future car purchase even though my car works perfectly fine and hopefully will run for years to come. However, I KNOW cars don't last forever. It's not a question of IF I will have to replace it someday, it's a question of WHEN. I've been putting $100 each month into it, and I'm up to $2,000 without even thinking about it. I know saving now will make the financial hit of buying a new car much less painful
4. Write a list of all of your subscriptions. You may find some you no longer use. Havent used Netflix in month? Cancel it. You can always resubscribe if you want to use it in the future. Also, I personally call this my ADHD tax but I'm guilty of letting free trials turn into subscriptions I ignore for months or years. Writing every charge that occurs monthly and then canceling them RIGHT NOW will save you regret in the future of having wasted so much money. Personal example, I didn't check my accounts for months only to realize a free trial for something I never used afterwards was charging me $40/month for MONTHS.
5. Pay attention to perks your employment offers. They may offer a discount to certain gyms, etc. My job offers a $125 life savings credit every quarter. Basically you just submit a receipt every quarter for qualifying expenses and they give you $125. The list of applicable expenses is so generous – even buying yarn qualifies. But I've been too lazy to keep up with it and have lost out hundreds out of being lazy.
The biggest takeaway from this video is that it is a good reminder to make every dollar coming in have a purpose. I'm guilty of letting money sit in my checking account. (On topic of savings, I have two savings account – one for my car, and one for my relationship. The latter one, we just put in an agreed amount monthly and plan to use it for shared expenses or travel or an emergency). I'm not well off, but I definitely have money in that account that has no purpose, isn't making me more money, and is just collecting dust. This video reminds me to set goals for my money and don't just let that money sit there doing nothing.
This is long winded, but if you have any tips I didn't cover or aren't covered in the video, let me know!
Nice video, thanks
Such an interesting perspective.
The effort really shows here.
Tariffs….
Really enjoyable content.
The internet needs more of this.
That looks more like George Soros not Warren Buffet lol
Thank you❤
Really appreciate this upload.
I just can't stop eating😂
I laughed way too hard at this.
The internet needs more of this.
Such an original idea!
Thanks for sharing this.
Appreciate the effort put into this.
Very well put together.
This is one of my favorites now.
I enjoyed the clarity of this video.
This is really an insightful and educative video, I'm a reckless spender most times, people with high appetite and high volume issues can relate😂
I will make amends.
This was very helpful.
This was excellent content.