Thanks Jessica for sharing this great tips. My mom once told me the best way to save money is by putting it in what will yield you more money. That's saving for a better investment. You're saving a day off work 🤑
For sure! Although 2020 has been a tough year, hopefully the silver lining is it's helped lots of people reassess they're finances and make some positive changes for the future.
Hi Jessica!! Thank you so much for making these awesome videos! They are so helpful and I appreciate them so much! I wondered if you had already done a video or had any advice about what to do when you know you will be going into dept soon (for example taking out a hefty student loan with hardly any savings to do an intensive program. Thank you again for the tips!
I don't but that's a great idea for a future video! Do you have any specific questions about it? Just thinking about what I'd do in that situation, I would first make a new budget for myself based on what my expenses will be in school. This way I can make sure I'm being the most efficient with the loan money I have at my disposal. Then, I'd make another hypothetical budget to estimate what my cost of living would look like after school including my debt payments. This would be a good way to estimate in advance what your income and expenses need to be to make it work (and may even incentivize you to find ways during school to earn extra money to save up a nest egg in advance, such as a co-op, work-study program, tutoring, or being a teacher assistant). Also depending on what program you're going into, you may also want to talk to your school about any available scholarships, grants, and bursaries you may be eligible for.
Hi Jessica, thank you for these ideas! I guess I also wondered if you would go with the regular federal & provincial student loans or try to go with a different bank in case this would somehow be cheaper. Thanks very much :)
I have my online cards and other digital payments email me a notification for every transaction. Not only does this help know if there's any fraud but it also reminds me, "HEY, YOU MADE A PURCHASE" Spending in cash also helps me feel the money leaving my hand. Although, I'm not really doing much of that now
Thanks Jessica for sharing this great tips. My mom once told me the best way to save money is by putting it in what will yield you more money. That's saving for a better investment. You're saving a day off work 🤑
😁
Great words I'm very interested about this saving and having my money grow
These are such great tips. Automatic savings is key and easy to do as you said!
Thanks for watching! And ya honestly, automation is the best tip I could ever give. Having done it for 10 years now, I am proof that it really works!
Great suggestions! This is such an important topic to be discussing, I really enjoyed the video!
Thanks Reece!
We call it Freedom. When you save and spend less. Thank you Jessica.
Love that!
What's been happening for the past few months definitely urged me to become more conscious on my finances
For sure! Although 2020 has been a tough year, hopefully the silver lining is it's helped lots of people reassess they're finances and make some positive changes for the future.
Great👍🏻👍🏻👍🏻 I’m also investing💸💸💸
Hi Jessica!! Thank you so much for making these awesome videos! They are so helpful and I appreciate them so much! I wondered if you had already done a video or had any advice about what to do when you know you will be going into dept soon (for example taking out a hefty student loan with hardly any savings to do an intensive program. Thank you again for the tips!
I don't but that's a great idea for a future video! Do you have any specific questions about it? Just thinking about what I'd do in that situation, I would first make a new budget for myself based on what my expenses will be in school. This way I can make sure I'm being the most efficient with the loan money I have at my disposal. Then, I'd make another hypothetical budget to estimate what my cost of living would look like after school including my debt payments. This would be a good way to estimate in advance what your income and expenses need to be to make it work (and may even incentivize you to find ways during school to earn extra money to save up a nest egg in advance, such as a co-op, work-study program, tutoring, or being a teacher assistant). Also depending on what program you're going into, you may also want to talk to your school about any available scholarships, grants, and bursaries you may be eligible for.
Hi Jessica, thank you for these ideas! I guess I also wondered if you would go with the regular federal & provincial student loans or try to go with a different bank in case this would somehow be cheaper. Thanks very much :)
I have my online cards and other digital payments email me a notification for every transaction. Not only does this help know if there's any fraud but it also reminds me, "HEY, YOU MADE A PURCHASE"
Spending in cash also helps me feel the money leaving my hand. Although, I'm not really doing much of that now
I do this too and it's been so helpful we me checking myself when I'm spending money, especially online shopping during the pandemic.