HOW I SAVED $10,000 IN 7 MONTHS! Budgeting, Money Saving Tips + Managing Your Finances in Your 20's
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- Опубліковано 18 чер 2024
- How I saved $10,000 in 7 MONTHS from scratch! Today, we're getting real and sharing my biggest budgeting and personal finance tips on how to save for your goals and manage your finances in your 20's - whether you're in college, just graduated, starting your first job or saving for a car, a wedding, buying a house or starting a family. I'm sharing useful tips on how to save money, how to budget and how to change your money mindset so your bank account can flourish!!
Link to my budget template here: bit.ly/35igufE
INSTAGRAM | @tanicharose / tanicharose
» » WHAT I'M WEARING
Mustard dress (originally from Miss Lola, but found a similar one) go.magik.ly/ml/y237/
Cross pearl earrings (similar) rstyle.me/+a8U71ZAUfvXHp6sCpq... rstyle.me/+s6AFlwVh5AjucCGvB5...
» » Qapital app - save money FAST + automatically get $25 to start saving when you sign up!
get.qapital.com/XsW3ymVjPX
I am not a certified CPA, nor do I claim to be one. Just a girl who's made a lot of money mistakes over the years and has found a money saving system that works. As with everything on the internet, take what I say with a grain of salt - and maybe a margarita if you're feeling feisty :)
» » EQUIPMENT
Camera - Canon G7X Mark II (comes with stand, SD card and battery pack!) rstyle.me/+dTqY51YPZEUxT3z7pc...
TIMESTAMPS
0:00 Intro
0:35 How I Saved $10K in 2020
1:11 Tracking Your Expenses
4:09 Side Hustles
4:55 Accountability Partners are KEY
6:49 Make S.M.A.R.T. Goals
9:51 What Are YOU Saving For?
11:07 Set Automatic Withdrawals
11:25 Qapital - Money Saving App
12:24 Bonus Checks, Tax Returns, Stimulus Checks
13:43 Treat Yo'Self
14:39 Outro
📩 BUSINESS INQUIRIES:
⇢ If you are a company interested in working with me, please email tanicharosepr@gmail.com
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This video is not sponsored. Some links above are affiliate links from which I get a small commission, which does not affect you as a customer at all, but helps me keep on making videos for you guys! All opinions are my own :) - Навчання та стиль
I’m at 7.5k saved in 3.5months working full time w/ rent high car note high insurance & two phone bills for me & son. Nail care every week BUT I MEAL PREP. Proud Mom!
How?
u go girl! :)
I’m sure that is possible I mean i used to save 3.6 k a month last year but yeah definitely get a job that pays more if you want nice things if you see an opportunity go for it . I could have saved more money than her in 2 months honestly . With kids , rent , phone bill ,insurance and groceries and not to mention house necessities and car maintenance .No man. Lol girl power
Just paid off 35k in student loans. Trying to get my savings back to 15k by December.
That's awesome and you really gotta look around investing too that pays more
Right. I have to look into to it soon.
16k save and it ain’t enough I need more save 30k keep grinding
what do you do for a living?
Briana Williams just work and hustle wbu ?
Tomorrow I start my second full time job, in efforts to purchasing a home before the end of 2021. I am a single woman with bills bills, however I want something big to come out of 2020. So Project Saving begins tomorrow!!!! Wish me luck, now back to this video.
Good luck boo!😘
Good luck! I hope it all works out for you!
Cap 🧢
Catrea A. Young goooooood luck I’m sure you’ll be able to accomplish all of your goals
Good luck!!!
Saving can get addictive. Im saving for the third time. with my first savings I brought electronics and second, I helped do my parents kitchen. This time round, im trying to save for a year's emergency fund.
It’s super addicting!!! The only addiction I want in my life lol🤑😂
It sure is addictive.
True... once I have money and don’t save,I don’t know how I feel
The amount of girls supporting each other in these comments!! I love it 😭😭
I don’t like the tip “live with ur parents” 🥺 personally I’ve suffered so much trauma in my home. It’s mentally & emotionally draining living with my parents. I feel like this is a space where I can’t grow mentally or emotionally. Im moving out next month with 2 other roommates! Im so excited.
I don't condone living in an environment that causes trauma, stress or is generally unhealthy to you and your mental health. I'm glad you're doing what's best for you and moving out - living on your own with roomies will be so fun!
The only way u can even save that much is if you’re making enough money to save it because at the end of the day bills don’t stop kids need things and always expect the unexpected making $10hr won’t do it . She’s speaking from a person who’s already making a good amount of money like she said in the video you have to have more money coming in to even save that amount
Very true, Thanks for clearing that up.
yeah this isn’t a realistic goal for anyone who’s not already earning a high income, which is like a lot of the people watching this. but the tips could still be used so 🤷🏽♀️
Or if you’re including stimulus checks and/or government assistance we had in 2020
That’s y you’ve to go frugal 50:30:20 and invest more
The best comment yet. I thought I was the only one who felt like this. Some people are making minimum wage with children, recurring bills, unexpectancies, etc. Everytime I look up a bill is due. I'm not saying its impossible to save, but dang! Lbs. People be like I saved $45,000 in 2 weeks. 🤣🤣🤣🤣
I been saving up money for university since I got my first job at seventeen and now I’m saving up money to get a car now
Get it girl! Sooo proud👏🏾👏🏾🤍
Cap
You go girl!
YESSSSSSS!!!! DOIN THE DAMN THING. You inspire me
I feel like Covid kick started my savings journey because we really couldn’t do much and now I’m so motivated to keep going 👏🏼💰
I feel you on this!! It’s lowkey been a blessing not being able to go out - my bank account loves it! 😂
Yess!!!
Just paid off 70k of my student loans this year! Half way there
Love to hear it! 👏🏾🥳
Congrats!! You're almost there!
Having a supportive partner that sees eye to eye with you on saving money is such a game changer.
Completely agree!!
100% agree! When I started dating my boyfriend he really worked to teach me the value of a dollar and how to save! I am now working three jobs at 17 so I can reach my goal of a 10k emergency fund once we move out next year for university
Living off almost half my income got me to 30k in 10 months. Budgeting and delayed gratification works saving is now a habit I barely notice anymore. Projecting to be at 50k by March if I stay on track
That’s amazing, congrats!!! 👏🏾
I just saved over $1500 in just 3 weeks from working this is a blessing.
At the start of the video “live with ur parents” sis I’m here to learn how to save without my parents 😅
This is probably one of the best thorough money savings videos I've watched in a long time! Loved it. New subbie here ❤️ Currently, I am on pace to save $25K this year. I'll be hitting $20K next week so I'm so happy. There's been A LOT of sacrifices I've had to make, but it has definitely been worth it
Get it girl!! You should be so proud that’s AMAZING! 👏🏾✨
That’s so exciting. I just replied on someone else’s comment with this, but open a Roth IRA if you haven’t yet! Putting 5k in now, you could see it grow by way more than it would in a savings account. There’s a lot of UA-cam videos on it. I opened one with fidelity but there’s a lot of institutions you can out into.
OMG! We had the same savings goal! Right now i'm at $22,650!
@@ItsKenzieSymone that's amazing! We'll get there! We just have to keep pushing
Spending your side hustle money on yourself is an excellent idea! Congrats on meeting your savings goal early 😊 Keep it going!
Thanks Jen! ♥️
im planning to do a no buy year challenge in 2021.
You can do it!! 👏🏾
I truly resonate, when you say “ we can’t do it all” . Something I’m still learning, to allow others to help because I’m so used to having a mindset where I truly want to do it ALL myself and not seek help.
It’s sooo hard to do, but it’s so necessary! It feels really nice being able to have other people to lean on🤍
I'm so glad you shared your budget template @tanicharose! I love using it.
Saving for emergency funds and for our wedding 😊❤️✨ it feels really good to have more control of our budgeting
So motivated after a long time of letting slow habits live. Thank you, this was perfect! 💰 I’m on my way 🦋
Congratulations on hitting your goal and hitting it early! Each year I make a financial goal then break it down into monthly goals.
You're Awesome!!! I have watched over 15 videos on this topic and you are the first who actually stated tracking as something to do first. Tracking is key!!!
Hi Tanicha! Congrats on saving 10k in 7 months.. Seriously IMPRESSIVE! I am a personal trainer and personal finance enthusiast so I love the idea of SMART goals for keeping track of your goals. Nice work lady, and thanks for sharing these tips!
Smart goals! we use that in nursing too before a patient gets discharged home. I love the idea of using it on your finances, really any goal should be made into a SMART goal.
Thanks for these tips, I absolutely love saving and investing towards my personal, future goals. The beauty treatments form part of self care and I usually pay in advance and get a hefty discounted package. I used to spend a lot towards my travels, but obviously with the pandemic I got to save even more and going forward I’ll travel a bit less and work towards reaching my other goals rather, then reward myself with a trip when I’ve achieved that said goal. I really loved the tips 😍 thank you!
I have watched a lot of personal finance content but this is one of the best among all❤️❤️
thank you so much! I am looking to save more this year. This video is so helpful I took notes and going to start putting some goals in place and cut back where I need to!
This is inspirational and incredible 🙌Thank you for sharing this! With lockdown and just being home so much this year my savings has really ramped up and I want to just continue it even when things are more normal
Well done . That is my goal by January 2021. Staying with parents is not always the best if you support them..
Ily for linking the budget template💕
I love that you are talking about saving and how to be wise with your money! Great tips. Thanks, Tanicha!
It’s so important! Glad you enjoyed it 🤍
I wish youtube was already created when I was in my 20's 🥺 to be able to watch this kind of video's..
There’s still time!! Never too late 👏🏾
Amazing tips this helped me soooo much I’m turning twenty this year and this is highly important! Bless ur heart!💗
Love your speaking voice! Keep spreading positive information, love it!
Thank you Amanda! 🤍🤍
Yay! Thanks for sharing this. I recently graduated from college, so this was helpful! Congrats on hitting 10K❤️
Ahh congrats on graduating, you should be so proud!! 🥳🤍
This was a great video! Thank you for being so realistic! I want to save 10k in a year so I’m looking forward to it! ❤️ thanks so much for the practical tips and advice!
Thanks hun.My budget begins next month.And this video is just in time.
Congrats and nice job with the self-control! That self-discipline portion is the hardest part when it comes it budgeting!
Thank you! Agreed! Discipline is soooo hard - a constant battle but so rewarding once you’ve tamed the beast lol
@@tanicha Exactly!
Yay 🇭🇹❤️love the content. Financial literacy is a must.
Thank you love! I agree, it’s so important to know how to manage your money wisely! 👏🏾✨
thank you! These were great tips and I took very detailed notes.
your budget template is so cute!!!
Awesome tips! I just started on my saving journey, def will start using that app. Thanks for the advice, love your channel! Many blessings your way!! 🙏🏽🤍🤍
Thank you!!🥰
this was so helpful! You are so relatable and easy to listen to. Its refreshing :)
Ahhh this means everything to me!! Thank you babe🥰
Can I just say... Your timestamps are ON POINT! Also, this video was very helpful and motivational.
Thank you babe! So happy you loved it☺️
I paused the video and screenshotted when the spreadsheet image came up. I thought it was just a still you used as an example and I was going to try to recreate it from scratch! Imagine my surprise when I saw the link to the exact template in the description box! (maybe you mentioned it in the video but I was multitasking) I'm so grateful and so excited to plug in my numbers!! THANK YOU!
Haha, I gotchu girl! 👏🏾😉
THAT IS AMAZING CONGRATS 🥳 👏🏾👏🏾!!
Thank you!😭
Fantastic suggestions! This is such an important topic to be discussing right now. I really enjoyed the video!
Thank you!
This was great tips!!Thank you 😊I just started my savings journey & it’s hard to deny friends to go out but I keep thinking it’ll be money down the drain if I do but my savings is growing !!
Yes!! And you can still go out, you just have to plan and budget for outings with friends and have enough discipline to only allow yourself a set # of outings a week/month + stick to it! You got this!!🤍
Great detailed video and so relatable. Thank you
You explained this so well! Thank you!!
I’m so glad you found it helpful! 🥰😘
Ty so much for this! And girl you know you look like Brandy!💕💕
Love this tips! I need a side hustle so close on getting monetize on UA-cam so maybe lol with COVID is so hard
This video is fantastic, thank you for the saving advice! ❤️
So glad you found it helpful! ☺️
You’re beautiful and your voice is so relaxing 😩
Yes yes yes! I've always saved my lump sums or put them towards debt. It's a great way to boost your net worth.
Totally agree!!
Such a good video! Thank you! 💕
loved this so helpful
Damn girl I was gonna try to copy your excel sheet but I saw you linked a template!! what a goddess.
I gotchu!! 😉😘
Very helpful, thank you! Looks like I need to track my expenses better :)
you seem like such a fun person to be around! i love this video too! so informative :)
So sweet, thank you so much! ♥️
Thank you for this beautiful video ❤️
Thank you for making this video! I've learned a lot 😊
I’m so happy it was helpful!🤍
Great video!!! I’ve always been a saver right now I’m saving for a business investment and boyfriend and I saving for Hawaii vacation next year yay!!!! Very much important to save if we as people want things car, house, pay off student loan etc. your such a lovely young
lady full wisdom ♥️
That’s so exciting! Keep killing it! 👏🏾✨Thank you for the sweet words🥰♥️
I love your honesty keep it up
Thank you! ☺️
Yes I'm doing this in 9 months and will reach my goal by the end of 2020!
Yes!!! Love to hear it👏🏾✨
Thank you for pulling through with helpful advice! I just graduated college and plan to get a car within 1 year
Congrats on graduating!!🤍🎊 speaking that new car into existence for you!🤞🏾
@@tanicha Congratulations on saving, cheers to blessings!🥳
I’m buying a home at the end of the year. That’s it! That’s the goal!
Saving the lumpsum really resonated with me. Better to save it and let it grow you will enjoy it at a later time
Exactly! And it feels so good to see that number jump up, it’s super motivating!
Thank you so much for the advice 🙏🏽 Would you be willing to share the spreadsheet you used for budgeting ? ❤️
You look like Sza 😍 , and I’m on this road right now 🙏🏽
Loved this video! You're great!
Thank you Jessica! I’m so happy you enjoyed it!! 🥰♥️♥️
Thanks for the video, additional ideas to save more money. God blessed
This is the most helpful video I've come across! Thank you so much for all your advice, this is awesome. Congrats on your saving!!
Glad you found it useful! 🥰 thanks love!
This is really nice. SMART!
Congrats!! Thanks for the tips!
Thank you! Glad you enjoyed the video 🤍🤍
Started my own personal goal in November, by this November I hope to have made it if not more ❤️
Loved this video!
Yayyy! 🥰
Great video! 💙
So helpful ♥️
So niceeeeee💕very accurate!
Glad you think so!🤍
The road to financial freedom 💪
You should make a video on how you created your budget charts.
My big budgeting tip is: recognize luxury vs necessity. A starbucks a day for a year ends up adding up its easy to get carried on w society and what it expects us to have and to buy.
Totally agree!
Loved this! I also LOVE your budget spreadsheet! Would you ever consider making a copy of it as a template for your viewers and maybe a video walking us through how you use it?
It’s linked in the description box🙂
I am a parent - Thanks for the tips LOL "Live with your parents..." maybe we all need to move in ONE HUGE HOUSE
We just finished paying our credit card debt about 4 months ago at 24 and 25 years old 🙏🏾. Thanks for your tips!
You should be so proud, wow! Congrats!!! 😭👏🏾✨
Great video! Thankyou :)
great advice, spend below your means.
Covid and the shutdown really motivated me to save and I saved about close to 15k. I cancelled my gym membership, boxycharm subscription, basically anything that I don't really need. I also stopped spending money on eating out since most restaurants were closed or were limited. I was just not spending money at all, other than a few major bills and this also applied to my husband as well. I'm really hoping to buy a home in the next year and this is a great start for me.
That’s exactly what I did!! Cut out all the unnecessary stuff and having everything closed has honestly been AMAZING for my bank account - I don’t miss it at all lol🤑
@@tanicha yes!!! Now, I don't even care to spend money and yes, I sure don't miss it either!
Brilliant video ! :)
Thank you!☺️
Great video 👏🏾👏🏾
Glad you liked it! 🥰
I should be at 9K soon and now have a realistic shot at banking 10K in a few months depending on how much a save. It helps to have a consistent income and to make enough to take care of the basics and have some left over. Eating at home certainly helps because you'll be shocked at how much you spend eating out in a month. I want to pay a good percentage of my credit card down before I can seriously get rid of my student loan debt. I'm wondering if I should keep going after 10K and pay it off then before I replace the spent funds
Hi Tanicha, I'm a new subscriber and I just want to say congrats on saving $10,000! I really like your advice on using a budget, it can seem intimidating to set up one, but, like you said, it truly helps! And I like your tip on making sure to stick to the goals I've set. It can be easy to set a goal, but it requires dedication to actually fulfill the financial goals! Another channel I've learned financial advice from is Canna Campbell's SugarMamma TV. She provides tips on how to save and even wrote a book called The $1,000 Project! I believe you would like her tips as well! Thanks again for sharing your journey and I'm looking forward to your future uploads!
there are some people that could not handle holding a signifcant other accountable for their spending Oh no I couldnt let someone do that look at me like that because there are some that would take it too far and not know their place in the end of the day. I am glad that worked out for you.
This was so helpful, thank you! You inspired me to be a baddie
It was hard for me to focus on the video bc of how pretty you are you have a pretty voice to thanks for the tips I really believe I can do it now ☺️🙏🏽
You’re so sweet!! You got this babe!!🥰😚👏🏾
What an amazing and encouraging video. I just shared with like 4 friends. I'm so motivated ❤️❤️❤️❤️🙏🏿 Thanks for sharing, love.
You're so beautiful, BTW 😘
So glad you enjoyed! Thank you!! ♥️🥰
this video is incredible, needs more attention!! thanks for all these great tips!!
So informative and helpful! I love your Budgeting Template, I noticed December 2020 isn’t shown on there. Will you be updating it? Thank you!
So glad you loved it! ♥️ And all you have to do is edit the month to say December and update the dates!