Thanks for being willing to share such personal, specific money info with your viewers! I'm always fascinated by other people's budgets and how they maneuver their money but it almost seems like a taboo subject that people don't want to talk about. Another great and informative video :)
Thank you for sharing your numbers! Perhaps your could do a video on budgeting and how you lived once you took time off work, with the money you saved.
I am definitely seeing how becoming minimalist is changing my finances. You learn to appreciate the things in your life and find true happiness in what you have instead of trying to find it at the mall.
Great to see other young people being conscious and saving their money. I saved so much money by simply meal prepping riding my bike to work, and only purchasing clothes when they are on sale. It also helps that I don't drink so no need to spend money at bars and I don't have any under grad or grad school debt.
What is the ultimate goal with the money? An emergency fund? A down payment on your own home? Or just some security? Are you still living like that and saving? Will you post a similar video in 2 years saying you saved $65,000 in 4 years? Great video and thanks for sharing. Cheers
I'm personally using *OnlineNetCareer .Com* and it makes me around $400 per day. You can actually Sign Up for there. Thank me later. All you need in this life is ignorance and confidence; then success is sure.
Thank you for sharing your numbers. A lot of people don't like sharing, and it's understandable. This motivated me to buckle down and decide to save by sticking to a budget. 😊
We make about the same (well I live in the US so I guess I make more? Because of exchange rate) but I am pleased to see someone save like me. I paid off my mortgage and have saved over 20k now (not including retirement) but gives me hope that there are girls like you out there that like to save.
thecreoleson I'm an extreme saver as well!! I've managed to save almost 50k bought my car cash for approx 20k and I have no debt 😊 oh btw I'm only 23 and no I don't live with my parents. I've been living on my own since I was 18 years old. There are good women savers out there.
Nishka Anna-lee I love that. 23 with 50k is great! 6 months later I have just under 40k (I have been living a little more) and Made just under 50k last year. I have 15k in retirement and living the dream with a net worth of just south of 200k (paid off car). isn't it great to be weird? I am happy to hear about people like you out there. it gives me hope.
Extremely helpful. What's motivating is that you weren't naturally born with this inclination to save. You went from living comfortably and not thinking about it... To loving "uncomfortably" (making major changes) and being completely conscious. It helps me to know I can too. Xoxo
I pay more in child support than all your bills combined, but am still always eager to learn how to manage what money I do have differently. Thanks for sharing
+texjames2000 Yes. All that saving tips I find online dont say how to save if you have kids and loads of shit to pay. They say stop going to rerstaurants and buying starbucks. What if I don't do that? Where can I save?
+Gregory May Gregory May Ok, so a few ways I saved.. It took a while & I only have about $500 in savings but its better than nothing & is growing steadily. ( I started at the 1st of the year) First thing I did was start automatically sending money to my savings account from my check. I decided that all I could really save was about $75/ check. That comes to $150 per month. Turn off the hot water heater if you can. I work nights, so I'd turn it on in the morning when I got home every other day. I live in Texas & the water stayed hot enough for showers. This works because I have an electric water heater & live alone most of the time. , It didn't save tons,, but saved some. I have internet, but living where I do, Netflix doesn't work..but still $75/ month for just internet .. My phone is Straight Talk, so $30/ month there. I don't need the latest & greatest & so my flip phone does fine for me. Adjust your W4 so you take out a bit extra each check. I know this sounds dumb since you don't have enough to live on. I'm saying like $5-25/ check. Nothing drastic. If you are like me, you'd spend that either way. When income tax rolls around it comes back to you as a lump sum. Then you can pay down a bill or fix the car, whatever you NEED. Everyone's situation is different, but I do look at purchases & think about how many hours I have to work to get them. Then, is it really worth it? Really it is personal choices about where to cut & exactly what you can live without. Hell, if I had my way I'd pretty much do without electricity, but I do love my air conditioning! Eat cheaply.. there are tons of 5 ingredient recipes on Pinterest. I eat a lot of the same thing .. til its gone. With kids, that is harder to do, they like & need variety. Freeze leftovers as "Planned Meals" as opposed to "OH man, that again? "Those are a few tips I have as a dad with bills.. I took a fun challenge once to get me in the right frame of mind, & it might work for you. Its a NO MONEY for a week challenge You pay your bills, get gas to go to work & that's it. Eat what you have in your house & do without anything else. It makes you see exactly what you need vs what you think you need. .Most of us have enough food in the house to skip getting groceries for one check. Good luck & I'm by no means an expert, but have been doing lots better with my money. It's a mindset. Make it a game do whatever it takes, but do something. Anything is better than wallowing in the despair of debt.
texjames2000 I alredy do almost all the things you say. The only thing is I love my car and spend a bit to much to keep it in top condition. But nothing fancy like bling rims. If it fails annual inspection I fix what it failed on and if something brakes I fix it (sometimes I could avoid fixin' it for a year or so...). I also spend a lot on tools (I'm a mechanic...) but still I buy the cheapest possible not snap on overpriced shit. I have a freezer and make food from scratch. I can kill my kids but that is not very good idea;) Thanks for your replay.
+Gregory May Just remember that you didn't get into debt overnight & won't get out quickly either. I take my income tax & pay off bills.. Unfortunately I am now saddled with another car payment.. the other one cost me over $3000 in repairs in less than 6 months. On top of the over $7000 I already spent since I bought it. It had to GO! Glad you have a sense of humor & are doing things like making food from scratch & freezing & such. We all do what we can & I know that I'm still not wealthy, but having a few things paid off & that money in the bank makes me feel way better than I did a year ago at this time. Good luck, & just be patient as it will take a while. Took me about 4 years to get to a place where I could even start paying stuff off.
texjames2000 I fix my own cars usually with second hand parts or ebay cheap aftermarket parts. I glue them and fix whenever I can. I sell scrap metal, sell my unwanted things on ebay do some cash jobs whenever I can but still struggle to pay my bills. I estimated that I should be earning 50-100% more in order to live as I live now but pay every bill on time and have some money left...
+TheSidekickking hahaha that made me laugh out loud. I imagined a tiny rat giving a human a bunch of $100 bills with its little paws and squeeking with sadness.
This vid has what others in this line DON'T: Save money on the bigs! When she cut her rent, and lived where she didn't need a car, she saved far more than the small savings of not eating out, doing DIYs, cutting hair swaps and so on.
So inspiring! My husband and I did something similar to first pay off debts, then build our emergency fund, and last, for our down payment. I went part-time to be with my babies so we did this on a 1.5 income. It can be done! It's all about managing your money, not how much you make. We're still at the same income and living very comfortably. Love your videos!!
Wow watching this made me realise how much I don't even save and the advantage I take from what I make each week.. I make over $500 weekly and I can't even save properly.. This had opened my eyes of how much I can actually save within a year if I up for it.. Thanks a lot girl x
In the 6 years that I've been saving, it's over 100K . That includes the year that I worked 2 days a week and made about $8 less than I do now. I still enjoy life, but I've just learned like you just to find ways to cut back and I have found free, cheap things to do. great video!
very doable. saving $10-15k a year with a sound budget is fairly easy. I bought a car with my first $30K saved and within 5 yrs of that purchase I managed to save an additional $40K
Great video. I like how you were so open and sincere about your life and finances. My situation is very similar to yours. My living situation, earnings and spending are very similar to as you described for yourself. I think a lot of people don't believe it's possible to do what you did so it's good to get the message out that it is possible. It's really just a question of lifestyle.
You are such an inspiration! I will try to change a few things in my life to make more simplistic. I travel from work every day 30mins one way. In addition, i go to school and drive another 30mins. Gas, time, and energy has gone to waste!!! You are the first video i've watched about minimalism and i absolutely admire your lifestyle. Thank you Melissa!!!!!
Thank you Melissa, I'm young and eager to learn how to manage a living, definitely we all have different circumstances but these little saving tips actually save a lot.
You're such a great role model and inspiration :) Thanks to your vegan what I eat in a day videos, as well as other vegan youtubers... I've began my journey into vegetarianism :) It been about two months strong so far 💪🏼 I hope to step it up to veganism in the future.
Thank you Carolina for the encouragement :) Although I'm not vegan yet, starting with vegetarian first, my body feels so much better and healthier already. No weight loss but less bloating :)
+reynelle87 I've been a vegetarian for most of the last 8 years. At first it was really difficult, but after a few years, I lost my taste for meat, and dont even want it anymore. What im saying is, it will get easier the longer you do it.
+Lisa Vega if I ever wanted to be a vegetarian it would be so hard for me I love pizza way to much and I can't not leave pizza behind. idk how you guys do it but I guess that's good to be healthy I only weigh 110 not bad for eating pizza lol
I've been rewatching this video every time I am tempted to buy something I want but do not need. I'm in the same boat, same income, and same saving strategy. I've reached the goal in 2016 so one more year left! The goal? I want us to buy a house by the end of the year!!! :-O Thanks Melissa for inspiring me!!
+Rory Ormiston (Roreocookies) I'm a nurse so I make this as well. I have many friends in management positions in all types of fields and they make this too. 1500$ may be the average I guess
This is a great example of perseverance and excellent self-control applied to finances. Minimalist lifestyle at it's best. However, it is very unrealistic to expect your expenses to stay the same for 24 months like you presented. One thing that i learned for myself is to plan ahead and live on previous month income and plan for emergencies with Rainy Day Budget. YNAB did miracles to make that into a habit. Otherwise, this is an excellent inspiration for people who live in era of crippling overconsumption. Cheers!
I save every receipt each month and go over them at the first of the next month. Plugging the expenditures into a spreadsheet really allows one to see where the money goes and budget accordingly. Doing this I've eliminated most of what I consider unnecessary spending like regularly eating out at restaurants, buying stuff at convenience stores- junk etc. I've cut over 50% of my monthly expenditures vs 18 months ago.
Awesome job girl!! I tell everyone they can save and over time it will grow to where they can do something to invest that money. NO one wants to cut their expenses and go without some of the little things and get way too jealous over the people that are willing to go without for a few years so they can live much better lives in the future. It's great to see you were able to take charge and push yourself to do it!!
I should make a video on "How I wasted $93,000 in 2 and a half years. Rent in California is $2,000. My car payment in $436. And on top I have many other bills 😔 I'm thinking of becoming a minimalist and travel and be adventurous with the money I save. California is so expensive, but worth the weather ☀️
wonderful for you! also what a blessing you have/had to have such a huge income and be single. thanks for sharing and also pointing out that everyone can't do it that quickly :)
Wow. Thank you for sharing your actual numbers. When I first saw this video title, I wasn't going to watch it because I thought that surely you would have made significantly more money than I do now... I was wrong! This is really encouraging. It is so hard to resist the temptation of going out to eat all the time, but just seeing how possible this really is... I'm so motivated now :)
this was wonderful to watch! there are usually always ways to cut back and whenever I get my paycheck I can't wait to lock it up in my savings account!! :)
UA-cam has been recommending some really cool videos to me recently. Happy to have found you. As soon as I heard the Canadian accent I subscribed! Love supporting fellow Canadian UA-camrs!
Very interested video. I do not live in the US, but I am a budget freak and I didn't hear you talking about taxes or insurances which would need to be reduced from your budget. Still 30K is a great amount! Congratulations! I wish I would be able to obtain the same result, but as a single mum with 2 teenagers, it isn't very easy....
I swear I think this video is a God sent. I'm 24 and just got a job with sprint at 12.60 an hr and I'm paying $450 bucks for my rent. I think this is perfect thank you so much !!
Very informative video. Was entertainment included in your miscellaneous costs of $100/month? What was your lifestyle like during that time? Was it difficult to not spend money, was it a major change?
What she was telling is true, I did the same, fancy clothes, worthless parties, always eat fast food or outside, if you avoid, and cook your self, life a simple but happy life you could easily save a lot of money that gives you enough security if you lose your job or at difficult times in life it helps you. Save money is the key at these economic crisis time. She is a very beautiful girl what she was doing to save money also beautiful Thanks :-)
Well I guess that also depends on where you live. I live in Switzerland and here it would be very hard to get by with that income. Rent would be similar if you divide it with 2 other people yes. But health insurance alone that is mandatory here is 300 if you chose a cheap one. Usually rather 500-600 A MONTH. A pack of ramen noudles I read could be for 15 cent in the US. Here you would pay maybe 2 bucks so food is also so expensive. If you have an income of 4k a month it would be considered not bad but „good“ income would be 5-6k a month.
+loveydovey620 Well what do you do? In America it's so easy to make money... at least in Iowa and Minnesota it is. I work 15 hours a week as a college student and I'm bringing in nearly $1000 every month. At only 15 hours a week!! If I worked 40 hours a week I would be bringing in $2,250 a month and I'm only 19 years old. I saved 15K over the course of high school and now I'm going to college for Aerospace Engineering. When that time comes at Boeing or Lockheed or something I'll be making 6K a month :D
Ana Maria You just gotta be smart with money and build a professional profile :D ***** at my age 15.50 an hour is very good, most people my age work for 8-10 an hour!
Did a similar thing. Saved 100k in 5 years which I invested and also used as a down payment for an apartment. Best thing I ever did, and now I'm way ahead and on my way to a million net worth 10 years later.
I was paying BIG bills to get online. One day they cut off my services. I can still get youtube, fb, pay bills and do almost everything else. I live in a high rise where everybody has cable including almost 100 business offices and restaurants . Now I owe nothing and can still get online. Go figure.I saved!
I do this now.... sometimes I pass traffic and wonder just how many drivers are still paying on a vehicle that cost more than it's worth. I'm starting to think some people even feel that they're better than one who chooses not to drive. .....I've gotten looks and I just smile and stay humbly thankful for being debt free! 😎 I have NONE and I must admit it's FREEING!!
Right! I only make $500 a month and that all goes to bills 😅 if I try to go out to eat or treat myself there goes an overdraft with those overdraft fees
Yeah... I would SAVE SAVE SAVE. I would make sure i'm putting away 1,000 a month.. that's 24k in two years... Must be nice having an AMAZING paying job... -_-
+JW424 Cutting out transportation costs completely might not be feasible for you but take a long look at what it's costing you. If you give more details on the type of transportation you use and what it's costing you we can look at ways to at least lower the cost.
Good mentality,but you're still missing the mark. what are you going to do with your savings? I suggest you to start investing in something to double it. you're are in the right direction.
trouble is a wrangler will depreciate after a few years and you will have to save again and live a minimalist life, best save then invest in something that will make you even more money
CrAZy bg jeeps in general have always had a decent resail value. However, for someone who is turning 16, unless their parents have loads of money, it's not likely they will be able to buy a $30,000+ vehicle. I wish I could buy a 67 gt500 fastback, but probably not right now. At this age, a vehicle is a must, but spending $30,000 on one is not practical in my opinion. 7,000 of that could go for a very decent used vehicle, and the rest can either go towards college or just be saved or invested and collect interest.
+Musicator1027 I made 27k last year but I've managed to save up over 30k I the in about 2.5 years 💁🏾 lol it's really not hard. Now I have a high yield savings account and make about $30 in interest monthly.
Danny B I live upstate New York and I pay 600 a month for rent all of my monthly expenses are around 1,100 😊 that includes rent, car insurance, gas, food ect at this point I've saved almost 50k oh and I'm a full time student in college lol
Hey pretty lady :D. Thank you for sharing this, very useful stuff . I've saved money but I lack discipline. I saved a bunch of money and lost it due to bad investments. I'm watching your videos to be inspired/motivated to save again. So thank you.
Hi Melissa This video was really helpful and inspiring. Every year my goal is to save money. I start off well and then fall off. I did manage to save $500 this year it was more but I can't say no to people. In 2016 I want to save more and say no to people thanks again for the video.
wow, she was only making $30,000 a year, which most people consider a tight squeeze to live on, yet she managed to spend only $15k a year and save the rest...
I made 27 thousand last year but I have 25,500 in my personal savings ( obviously not all of it was from last year). I'm 23, married, have a 2013 car I bought cash in 2013 before I met my husband, and I have no student loans. He makes a little less than I do and we keep our money separate we just put money into a joint account for bills. Oh my husband also has a Lexus that we paid cash for and he's also a student. Moral of the story is it doesn't matter how little you make ( we make about 55,000 together) you can still save with good money management skills.
+Sean Jamali that's just what I saved in my personal savings account over the past two years. I'm not sure what my husband has saved up for himself. Well we don't have car payment as we bought both cars cash, we also bought our phones cash and use straight talk as a prepaid cell phones service for only $45 per month versus taking out a contract. We also have basic cable, we cook at home versus eating out and we pay our bills (approximately 1300) a month excluding food and save the rest. I get paid on a Wednesday and I set up an automatic transfer of 100 dollars from my checking to my savings every time I get paid. That leaves me without the option of being iffy about wether I want to save it or not since it done automatically. Also I only buy what's necessary and what I can afford. I also only have one credit card and I use just about 30% of my available credit as that's a great way to build your credit fast and stay out of credit card debt.
I did a very similar thing! Paid off my loans and my husband's. Now saving to buy a house in full. So far have over 50K saved.
+Dini Bee This is just on my salary as he stays at home.
+Canadian Mgtow Hahaha, why, thank you so much. :D :P I've never gotten a compliment like that.
+Dini Bee Good for you! Keep up the hard work, financial security is the best feeling in the world.
Amazing. When I purchase a home I would like to pay in full as well, some have advise me not to, but it seems like the best decision.
When will it pop????
Thanks for being willing to share such personal, specific money info with your viewers! I'm always fascinated by other people's budgets and how they maneuver their money but it almost seems like a taboo subject that people don't want to talk about. Another great and informative video :)
it's called getting a job budgeting and not being addicted to useless stuff. cost of living should be the only concern
Damn I need to quit smoking weed
hahahah I feel you
same....
Don't we all lool
Ima start selling
if only weed that's good bro cigarette is worse health and cost
Thank you for sharing your numbers! Perhaps your could do a video on budgeting and how you lived once you took time off work, with the money you saved.
I am definitely seeing how becoming minimalist is changing my finances. You learn to appreciate the things in your life and find true happiness in what you have instead of trying to find it at the mall.
Great to see other young people being conscious and saving their money. I saved so much money by simply meal prepping riding my bike to work, and only purchasing clothes when they are on sale. It also helps that I don't drink so no need to spend money at bars and I don't have any under grad or grad school debt.
What is the ultimate goal with the money? An emergency fund? A down payment on your own home? Or just some security? Are you still living like that and saving? Will you post a similar video in 2 years saying you saved $65,000 in 4 years? Great video and thanks for sharing. Cheers
Roads Less Traveled Too many questions. No wonder she hasn't answered this shit yet.
just get a small loan of a million dollars
😂😂😂
😂😂😂😂😂 I'm crying
Donald Trump
Omg almost spit my coffee out😂😂😂😂😫
I'm personally using *OnlineNetCareer .Com* and it makes me around $400 per day. You can actually Sign Up for there. Thank me later. All you need in this life is ignorance and confidence; then success is sure.
I know how you did it you ate Ramen noodles everyday
😂😂😂
100 dollar noodles every week
+NorGamer64 it's actually 3 ramen noodle squares for a year and the cost would only be 142.65 they cost 13 cents
+Gustavo Serna I meant 3 ramen noodle squares each day for a year
littlemedic just be careful with sodium in the packaged food. Health care cost lots of $$. All the money you save could go to healthcare.
in other words, have a budget
Thank you for sharing your numbers. A lot of people don't like sharing, and it's understandable. This motivated me to buckle down and decide to save by sticking to a budget. 😊
It simple...money in and money out.
We make about the same (well I live in the US so I guess I make more? Because of exchange rate) but I am pleased to see someone save like me. I paid off my mortgage and have saved over 20k now (not including retirement) but gives me hope that there are girls like you out there that like to save.
thecreoleson I'm an extreme saver as well!! I've managed to save almost 50k bought my car cash for approx 20k and I have no debt 😊 oh btw I'm only 23 and no I don't live with my parents. I've been living on my own since I was 18 years old. There are good women savers out there.
thecreoleson I would've had 70k if I didn't but my car 😩😩 wishing I bought something cheaper and saved my money but oh well. I'll get there again 😊
Nishka Anna-lee I love that. 23 with 50k is great! 6 months later I have just under 40k (I have been living a little more) and Made just under 50k last year. I have 15k in retirement and living the dream with a net worth of just south of 200k (paid off car). isn't it great to be weird? I am happy to hear about people like you out there. it gives me hope.
thecreoleson yes it's amazing to be weird 🤗 keep up the good work my brother.
Extremely helpful. What's motivating is that you weren't naturally born with this inclination to save. You went from living comfortably and not thinking about it... To loving "uncomfortably" (making major changes) and being completely conscious. It helps me to know I can too. Xoxo
I pay more in child support than all your bills combined, but am still always eager to learn how to manage what money I do have differently. Thanks for sharing
+texjames2000 Yes. All that saving tips I find online dont say how to save if you have kids and loads of shit to pay. They say stop going to rerstaurants and buying starbucks. What if I don't do that? Where can I save?
+Gregory May Gregory May Ok, so a few ways I saved.. It took a while & I only have about $500 in savings but its better than nothing & is growing steadily. ( I started at the 1st of the year) First thing I did was start automatically sending money to my savings account from my check. I decided that all I could really save was about $75/ check. That comes to $150 per month. Turn off the hot water heater if you can. I work nights, so I'd turn it on in the morning when I got home every other day. I live in Texas & the water stayed hot enough for showers. This works because I have an electric water heater & live alone most of the time. , It didn't save tons,, but saved some. I have internet, but living where I do, Netflix doesn't work..but still $75/ month for just internet .. My phone is Straight Talk, so $30/ month there. I don't need the latest & greatest & so my flip phone does fine for me. Adjust your W4 so you take out a bit extra each check. I know this sounds dumb since you don't have enough to live on. I'm saying like $5-25/ check. Nothing drastic. If you are like me, you'd spend that either way. When income tax rolls around it comes back to you as a lump sum. Then you can pay down a bill or fix the car, whatever you NEED. Everyone's situation is different, but I do look at purchases & think about how many hours I have to work to get them. Then, is it really worth it? Really it is personal choices about where to cut & exactly what you can live without. Hell, if I had my way I'd pretty much do without electricity, but I do love my air conditioning! Eat cheaply.. there are tons of 5 ingredient recipes on Pinterest. I eat a lot of the same thing .. til its gone. With kids, that is harder to do, they like & need variety. Freeze leftovers as "Planned Meals" as opposed to "OH man, that again? "Those are a few tips I have as a dad with bills.. I took a fun challenge once to get me in the right frame of mind, & it might work for you. Its a NO MONEY for a week challenge You pay your bills, get gas to go to work & that's it. Eat what you have in your house & do without anything else. It makes you see exactly what you need vs what you think you need. .Most of us have enough food in the house to skip getting groceries for one check. Good luck & I'm by no means an expert, but have been doing lots better with my money. It's a mindset. Make it a game do whatever it takes, but do something. Anything is better than wallowing in the despair of debt.
texjames2000
I alredy do almost all the things you say. The only thing is I love my car and spend a bit to much to keep it in top condition. But nothing fancy like bling rims. If it fails annual inspection I fix what it failed on and if something brakes I fix it (sometimes I could avoid fixin' it for a year or so...). I also spend a lot on tools (I'm a mechanic...) but still I buy the cheapest possible not snap on overpriced shit. I have a freezer and make food from scratch. I can kill my kids but that is not very good idea;) Thanks for your replay.
+Gregory May Just remember that you didn't get into debt overnight & won't get out quickly either. I take my income tax & pay off bills.. Unfortunately I am now saddled with another car payment.. the other one cost me over $3000 in repairs in less than 6 months. On top of the over $7000 I already spent since I bought it. It had to GO! Glad you have a sense of humor & are doing things like making food from scratch & freezing & such. We all do what we can & I know that I'm still not wealthy, but having a few things paid off & that money in the bank makes me feel way better than I did a year ago at this time. Good luck, & just be patient as it will take a while. Took me about 4 years to get to a place where I could even start paying stuff off.
texjames2000
I fix my own cars usually with second hand parts or ebay cheap aftermarket parts. I glue them and fix whenever I can. I sell scrap metal, sell my unwanted things on ebay do some cash jobs whenever I can but still struggle to pay my bills. I estimated that I should be earning 50-100% more in order to live as I live now but pay every bill on time and have some money left...
$500 for rent? lmao the rat at nyc pays more rent than that.
+TheSidekickking hahaha that made me laugh out loud. I imagined a tiny rat giving a human a bunch of $100 bills with its little paws and squeeking with sadness.
+Hailey Grace (Hailz) hahaahah!!
+Hailey Grace (Hailz) df
LOOOOOOOOOOOOL
LOOOOOOOOOOOOL
This vid has what others in this line DON'T: Save money on the bigs! When she cut her rent, and lived where she didn't need a car, she saved far more than the small savings of not eating out, doing DIYs, cutting hair swaps and so on.
Damn girl u saved 30 Gs in 2 years u a good hustler
Thanks :)
@@melissaalexandria01 how much money did you saved up in 2 years how much money did you have to put back to reach your 30k goal in 2 years
I wish I knew these tips when I was single making $3500 a month. lol. now I have two kids and broke lol.
So inspiring! My husband and I did something similar to first pay off debts, then build our emergency fund, and last, for our down payment. I went part-time to be with my babies so we did this on a 1.5 income. It can be done! It's all about managing your money, not how much you make. We're still at the same income and living very comfortably. Love your videos!!
Its ironic how the ad for this vid was the "Knooowledge" guy and he now has a ferrari maserati lambo and he is talking about saving
Wow watching this made me realise how much I don't even save and the advantage I take from what I make each week.. I make over $500 weekly and I can't even save properly.. This had opened my eyes of how much I can actually save within a year if I up for it.. Thanks a lot girl x
Great vid. I cut my apt's electric bill from $100 a month to $61 by turning off the lights at night.
Melissa, you have no idea how much your videos have helped me! You are truly inspiring.
In the 6 years that I've been saving, it's over 100K . That includes the year that I worked 2 days a week and made about $8 less than I do now. I still enjoy life, but I've just learned like you just to find ways to cut back and I have found free, cheap things to do. great video!
very doable. saving $10-15k a year with a sound budget is fairly easy. I bought a car with my first $30K saved and within 5 yrs of that purchase I managed to save an additional $40K
Alan Brooks yes!! Me I bought a car cash for 20k in 2014 which brought my account down to like 3k now I'm almost at 50k 😊😊🤗 #girlpower
Nishka Anna-lee I'm there now. $60k aiming to finish the year at $75k. I'm only 29 yrs old as that
Nishka Anna-lee holy shit
Oh & Congrats on saving so much money! I'm going to check out your other videos.
Congratulations on saving this great amount and keep going strong and earn even more :-)
+Maria Chat Thank you :)
+Melissa Alexandria you are so cute (;
Love the specifics. Helps plan a realistic picture of what can be accomplished. Thanks!
Great video. I like how you were so open and sincere about your life and finances. My situation is very similar to yours. My living situation, earnings and spending are very similar to as you described for yourself. I think a lot of people don't believe it's possible to do what you did so it's good to get the message out that it is possible. It's really just a question of lifestyle.
You are such an inspiration! I will try to change a few things in my life to make more simplistic. I travel from work every day 30mins one way. In addition, i go to school and drive another 30mins. Gas, time, and energy has gone to waste!!! You are the first video i've watched about minimalism and i absolutely admire your lifestyle. Thank you Melissa!!!!!
people like you encourage me.. thanks :D
:)
scr!z/&* qcy
i love this girl who is really good at managing her life.
Thanks for sharing your numbers with us :)
+Jennifer Ho Thanks for watching :)
Thank you Melissa, I'm young and eager to learn how to manage a living, definitely we all have different circumstances but these little saving tips actually save a lot.
+Rameez Suleman Great, best of luck!
You're such a great role model and inspiration :) Thanks to your vegan what I eat in a day videos, as well as other vegan youtubers... I've began my journey into vegetarianism :) It been about two months strong so far 💪🏼 I hope to step it up to veganism in the future.
That's amazing girl :) I've been vegan for over a year, and it's the best desk if my life.
+Carolina Alii *decision
Thank you Carolina for the encouragement :) Although I'm not vegan yet, starting with vegetarian first, my body feels so much better and healthier already. No weight loss but less bloating :)
+reynelle87 I've been a vegetarian for most of the last 8 years. At first it was really difficult, but after a few years, I lost my taste for meat, and dont even want it anymore. What im saying is, it will get easier the longer you do it.
+Lisa Vega if I ever wanted to be a vegetarian it would be so hard for me I love pizza way to much and I can't not leave pizza behind. idk how you guys do it but I guess that's good to be healthy I only weigh 110 not bad for eating pizza lol
I've been rewatching this video every time I am tempted to buy something I want but do not need. I'm in the same boat, same income, and same saving strategy. I've reached the goal in 2016 so one more year left! The goal? I want us to buy a house by the end of the year!!! :-O Thanks Melissa for inspiring me!!
2500 dollars a month after taxes is a lot of money. minimum wage is 1500 after tax.
but good on you for saving so much and being so frugal!
+Rory Ormiston (Roreocookies) dookie ba3
+Rory Ormiston (Roreocookies) I'm a nurse so I make this as well. I have many friends in management positions in all types of fields and they make this too. 1500$ may be the average I guess
Rory Ormiston 2,500$ isn't alot... shoot higher bro it's out there
That depends on the cost of living/where you live. In my state, $2,500 is a lot.
This is a great example of perseverance and excellent self-control applied to finances. Minimalist lifestyle at it's best.
However, it is very unrealistic to expect your expenses to stay the same for 24 months like you presented. One thing that i learned for myself is to plan ahead and live on previous month income and plan for emergencies with Rainy Day Budget.
YNAB did miracles to make that into a habit.
Otherwise, this is an excellent inspiration for people who live in era of crippling overconsumption. Cheers!
Good advice. Oh, and your hair looks really good.
+MisterBinx Thank you :)
I save every receipt each month and go over them at the first of the next month. Plugging the expenditures into a spreadsheet really allows one to see where the money goes and budget accordingly. Doing this I've eliminated most of what I consider unnecessary spending like regularly eating out at restaurants, buying stuff at convenience stores- junk etc. I've cut over 50% of my monthly expenditures vs 18 months ago.
I love how you do your hair! Thanks for making this video, I definitely could use tips on how to save money
+Ameliakit Thank you
Awesome job girl!! I tell everyone they can save and over time it will grow to where they can do something to invest that money. NO one wants to cut their expenses and go without some of the little things and get way too jealous over the people that are willing to go without for a few years so they can live much better lives in the future. It's great to see you were able to take charge and push yourself to do it!!
I should make a video on "How I wasted $93,000 in 2 and a half years. Rent in California is $2,000. My car payment in $436. And on top I have many other bills 😔 I'm thinking of becoming a minimalist and travel and be adventurous with the money I save. California is so expensive, but worth the weather ☀️
Acacia Brown better than Singapore
Add in kids and you’re finished. Lol
wonderful for you! also what a blessing you have/had to have such a huge income and be single. thanks for sharing and also pointing out that everyone can't do it that quickly :)
Kinda makes me wish I made more than $700-800 a month >_>
Well said Melissa, great financial control management. Very informative.
Thanks.
Must be nice not having any school dept, fortunate for me my parents didn't help with that and I owe well over 50k.
I feel you.. school debt sucks. I have student loan debt but I am trying to pay the rest out of pocket with cash. you'll get it paid off eventually!
Wow. Thank you for sharing your actual numbers. When I first saw this video title, I wasn't going to watch it because I thought that surely you would have made significantly more money than I do now... I was wrong! This is really encouraging. It is so hard to resist the temptation of going out to eat all the time, but just seeing how possible this really is... I'm so motivated now :)
this was wonderful to watch! there are usually always ways to cut back and whenever I get my paycheck I can't wait to lock it up in my savings account!! :)
Thank you. I was in a shopping spree for the last two months and I think this video will slow me down.
UA-cam has been recommending some really cool videos to me recently. Happy to have found you. As soon as I heard the Canadian accent I subscribed! Love supporting fellow Canadian UA-camrs!
Very interested video. I do not live in the US, but I am a budget freak and I didn't hear you talking about taxes or insurances which would need to be reduced from your budget. Still 30K is a great amount! Congratulations! I wish I would be able to obtain the same result, but as a single mum with 2 teenagers, it isn't very easy....
t takes a great amount of discipline, Good for you
+sonny bajric Thank you ! :)
I swear I think this video is a God sent. I'm 24 and just got a job with sprint at 12.60 an hr and I'm paying $450 bucks for my rent. I think this is perfect thank you so much !!
$300.00 a week for 2 years will get you 30,000
I like how she is very honest. Great video! 👍🏾👍🏾👍🏾👍🏾👍🏾
Very informative video. Was entertainment included in your miscellaneous costs of $100/month? What was your lifestyle like during that time? Was it difficult to not spend money, was it a major change?
What she was telling is true, I did the same, fancy clothes, worthless parties, always eat fast food or outside, if you avoid, and cook your self, life a simple but happy life you could easily save a lot of money that gives you enough security if you lose your job or at difficult times in life it helps you.
Save money is the key at these economic crisis time. She is a very beautiful girl what she was doing to save money also beautiful Thanks :-)
Thank you :)
Whoa you make a lot of money too
For real
+elly cee I make 9500
+Jordan Reinbold per month?
Well I guess that also depends on where you live. I live in Switzerland and here it would be very hard to get by with that income. Rent would be similar if you divide it with 2 other people yes. But health insurance alone that is mandatory here is 300 if you chose a cheap one. Usually rather 500-600 A MONTH. A pack of ramen noudles I read could be for 15 cent in the US. Here you would pay maybe 2 bucks so food is also so expensive. If you have an income of 4k a month it would be considered not bad but „good“ income would be 5-6k a month.
yandere chan $2500 is a lot ? lol peasants
You are changing my life. Thank yiu
What I make in 3 months is what you make in 1 month....
+loveydovey620 Well what do you do? In America it's so easy to make money... at least in Iowa and Minnesota it is. I work 15 hours a week as a college student and I'm bringing in nearly $1000 every month. At only 15 hours a week!! If I worked 40 hours a week I would be bringing in $2,250 a month and I'm only 19 years old. I saved 15K over the course of high school and now I'm going to college for Aerospace Engineering. When that time comes at Boeing or Lockheed or something I'll be making 6K a month :D
+Shibaduba I am so moving to America
Ana Maria You just gotta be smart with money and build a professional profile :D ***** at my age 15.50 an hour is very good, most people my age work for 8-10 an hour!
***** Yes, also I'm curious: what's the minimum wage where you live?
***** Oh damn, that's crazy. It's $8 here.
Very motivating! :) Thanks for sharing your numbers!
Awesome!
Well done, Melissa. It's incredible what we accomplish when we live within/below our means! Good work :)
So where do income taxes come in to all of this? Or was $2500/month your net pay?
Did a similar thing. Saved 100k in 5 years which I invested and also used as a down payment for an apartment. Best thing I ever did, and now I'm way ahead and on my way to a million net worth 10 years later.
You spent $100 a week on groceries?? I spend $100 every 2 months on groceries...
wow are you serious? My wife and I spend 100 every two days xD
me 200
Do you use coupons?
+Victoria Sparks sometimes. But when I do it's like one coupon that says "save $2" lol
How???
I was paying BIG bills to get online. One day they cut off my services. I can still get youtube, fb, pay bills and do almost everything else. I live in a high rise where everybody has cable including almost 100 business offices and restaurants . Now I owe nothing and can still get online. Go figure.I saved!
your eyes are so big!! they're really pretty!!
+F.R.I.E.N.D.S. Aww.. thanks so much :) x
AMAZING! I'm so glad I came across your channel. Thank you for that amazing tip.
This is so inspiring
+DeJanay Lee Thank you :)
I love your videos! You manage to give the info in a concise and understandable manner.
+Jamie Szalata Thank you :)
30 000 in two years? that's my salary lol
I do this now.... sometimes I pass traffic and wonder just how many drivers are still paying on a vehicle that cost more than it's worth. I'm starting to think some people even feel that they're better than one who chooses not to drive. .....I've gotten looks and I just smile and stay humbly thankful for being debt free! 😎 I have NONE and I must admit it's FREEING!!
Wow that's awesome
+Adrianne Jaye Thank you :)
You go girl!!! Great testimony!
Very inspiring, but where did you live at beach for 1 k?
I did, 5 years ago now... Kits beach in Vancouver.
damn.I live in Vancouver.
also, damn 5years ago you could get an apartment at Kits Beach for $1000. now you need $1800-$2500.
Joy Leslie well I'm lucky cos I live 10 meters away from the beach :|
awesome video! loved how you gave exact numbers ex., expenses, misc etc.
omg..I make twice that and can't safe half! Marry me ! :P
You will succeed in life. Good done!
all of these figures....o.o
i am broke lol my pay cheque is nothing like yours im out
+Ami- lee find a different way to make money or a different job till you decide to leave
Yea thats wat im doimg atm
Read the Dave Ramsey book. Start off putting a 1,000 dollars up and a emergency fund
I second the Dave ramsey suggestion.
+mai72 You live in NJ those numbers don't apply everywhere.
Income is huge in being able to save too
*closes video after the first 30 seconds* ...$1200 every two weeks I'd easily save sheesh 😳
Right?!
Right! I only make $500 a month and that all goes to bills 😅 if I try to go out to eat or treat myself there goes an overdraft with those overdraft fees
+Yasmin Martinez get another job
+jancy03 working on it
Yeah... I would SAVE SAVE SAVE. I would make sure i'm putting away 1,000 a month.. that's 24k in two years... Must be nice having an AMAZING paying job... -_-
I wish cutting out transportation was a reality for me. That is so nice.
+JW424 Cutting out transportation costs completely might not be feasible for you but take a long look at what it's costing you. If you give more details on the type of transportation you use and what it's costing you we can look at ways to at least lower the cost.
Good mentality,but you're still missing the mark. what are you going to do with your savings? I suggest you to start investing in something to double it. you're are in the right direction.
true n q very good idea
real estate. If she invested 30k. At a cap rat of %10. She'll get 15k a year for the rest of her life. .
real estate. If she invested 30k. At a cap rat of %10. She'll get 15k a year for the rest of her life. .
Thank you for the realistic numbers! Those really help 😊
I need to save that in 1 year to buy a wrangler when im 16
trouble is a wrangler will depreciate after a few years and you will have to save again and live a minimalist life, best save then invest in something that will make you even more money
sam333 jeep wranglers have always had a good resale value tho
CrAZy bg jeeps in general have always had a decent resail value. However, for someone who is turning 16, unless their parents have loads of money, it's not likely they will be able to buy a $30,000+ vehicle. I wish I could buy a 67 gt500 fastback, but probably not right now. At this age, a vehicle is a must, but spending $30,000 on one is not practical in my opinion. 7,000 of that could go for a very decent used vehicle, and the rest can either go towards college or just be saved or invested and collect interest.
CrAZy bg me too 😩😭
Rubicon
its all about work and what you love doing. i got a job and,am saving ,like am living in a dream
Its easy when you are a woman, 99% of the time guys is going to pay for dates, that's a HUGE savings!
Cesar GYE then be gay for the money and get a sugar daddy
I can't remember the last time a man has paid for my meal. lol Probably prom. . . but I can't remember that far back.
Simps and white knights will pay for everything to be on a date with an attractive woman!!!!!!!! Lololololololooololol lololololololooololol
Thanks so much for this! I'm a college student trying to save and budget so this was really helpful.
or maybe you don't make 2500 a month
Great tips, thanks! Your hair is AMAZING btw. :)
+Van IJzen Thank you! :)
so your situation was unique not thirfty
+Danny B She's saying you gotta make sacrifices, like moving away from the beach, to a smaller place with roommates near work.
+Musicator1027 NYC has a really expensive cost of living regardless. You could be living in a pretty shitty place and still paying a lot.
+Musicator1027 I made 27k last year but I've managed to save up over 30k I the in about 2.5 years 💁🏾 lol it's really not hard. Now I have a high yield savings account and make about $30 in interest monthly.
really? While living in New York? I thought rent their is expensive? hahahahaha
Danny B I live upstate New York and I pay 600 a month for rent all of my monthly expenses are around 1,100 😊 that includes rent, car insurance, gas, food ect at this point I've saved almost 50k oh and I'm a full time student in college lol
Hey pretty lady :D. Thank you for sharing this, very useful stuff . I've saved money but I lack discipline. I saved a bunch of money and lost it due to bad investments. I'm watching your videos to be inspired/motivated to save again. So thank you.
+Igor Hawkingz Thank you, best of luck.
I subbed BECAUSE your canadian
im in toronto :D
Hi Melissa This video was really helpful and inspiring. Every year my goal is to save money. I start off well and then fall off. I did manage to save $500 this year it was more but I can't say no to people. In 2016 I want to save more and say no to people thanks again for the video.
$45 MEDICAL WHAAATTT?
+Nikki Oliver Canada.
You are clearly extremely dedicated! Thanks for sharing!
wow, she was only making $30,000 a year, which most people consider a tight squeeze to live on, yet she managed to spend only $15k a year and save the rest...
I made 27 thousand last year but I have 25,500 in my personal savings ( obviously not all of it was from last year). I'm 23, married, have a 2013 car I bought cash in 2013 before I met my husband, and I have no student loans. He makes a little less than I do and we keep our money separate we just put money into a joint account for bills. Oh my husband also has a Lexus that we paid cash for and he's also a student. Moral of the story is it doesn't matter how little you make ( we make about 55,000 together) you can still save with good money management skills.
WOW! you saved almost 50% of your combined income in a year making 55k? Do you have any tips on what things to avoid spending money on?
+Sean Jamali that's just what I saved in my personal savings account over the past two years. I'm not sure what my husband has saved up for himself. Well we don't have car payment as we bought both cars cash, we also bought our phones cash and use straight talk as a prepaid cell phones service for only $45 per month versus taking out a contract. We also have basic cable, we cook at home versus eating out and we pay our bills (approximately 1300) a month excluding food and save the rest. I get paid on a Wednesday and I set up an automatic transfer of 100 dollars from my checking to my savings every time I get paid. That leaves me without the option of being iffy about wether I want to save it or not since it done automatically. Also I only buy what's necessary and what I can afford. I also only have one credit card and I use just about 30% of my available credit as that's a great way to build your credit fast and stay out of credit card debt.
+Nishka Anna-lee you smart, you loyal... Lol