Two tips for when you Go shopping, 1, Always Eat before you leave, you spend a lot more than necessary when you shop hungry, 2, when you are done and before heading to the checkout, move to the side and go through the trolley/ basket and remove the wanted rather than needed items.
I have found I buy less (since covid) by putting my order online and having them bring it to my car. The app reminds me of the regular items I purchased and i have less impulse buying. I only buy cleaning and grocery items Otherwise, we have a savings in January. We decide what needs to be bought and look for deals throughout the year. There is a miscellaneous budget for unexpected things. Planning and not being afraid to be frugal pays off.
I think the problem the 'young uns' have (fogey here) is that they don't recognise they are spending with that contactless payment. Physically seeing the money by using cash reminds you that you are spending actual money. Using cash is my No. 1 tip.
i think that can be true. But keep in mind that may contradict the point in the vid of tracking your money. As with cash it is likely harder to be able to track all of your credits and debits compared to card payments. So for me cash spending has the opposite effect. as i dont keep track of the money in my wallet, coming in or going out of it. i easily forget where i spent it (especially on a night out) so this makes it harder to analyse after if it was worth spending. whereas on card payments i am more conscious as i would be able to view it on my banking app and have constant reminders of my balance going down when i spend
If the world forum and all the wicked leaders that have represents like George Soros it won't be any cash anymore so there'll be no need to worry about it... We'll all be broke.
@martyndawson7484 -- Well, I'm 45 and don't think for me that is the case, per say, however, I grew up in a cash society, and our world does not work that way anymore... WAIT... Did you just get me to admit I'm a fogey too?! Shame on you. 😉
@@stellaallbright4750 Using cash is using common sense, normal for us fogeys but apparently absent in Gen Z. Card usage is to enable businesses and other more disreputable organisations, DWP being one, to monitor your spending. Cash prevents that. Using cards all your purchases and geographic locations are on view. Using a phone to pay is an extra level of idiocy... like shopping in the nude. Cash is like wearing clothes, your privacy is assured.
In Australia you don’t need to purchase water! You could have saved a lot of money buying a large water bottle and filling it with water. I NEVER buy water which also means less plastic.
I’m going to see my son and sister soon, traveling from other side of world to them. Before I’d go shopping for new stuff but this time I’ve cleared all my clothes out and looked at what I already have. I was surprised at how many clothes I’d forgotten about. So I’m rearranging and just adding a few items to coordinate all 😃saved a fortune. Plus i packed up a few bags and gave them to other people. The gratitude was too much made me very humbled.
I saved my money when others were earing more than me and pending it all. When my car broke and my wages dropped I asked for benefits. They said no because I had saved some money. the "wasters" all got benefit handouts. Happens all the time.
Generally good advice, but some are in no position to help themselves out of the hole they may be in. My debt saga started when I was the only family member able to pay for my mother’s funeral, in 1991, but had to go into debt for this. So my First piece of advice from my own perspective, avoid debt if at all possible! Once in it, it will continue to trip you up, 27 yrs, as next was my Dads, then debts accrued on joint accounts by my now ex wife, but as the working ex spouse, I was chased. It continued until I received a nice legacy. Using that to “speculate to accumulate” (newish car that WASN’T a money pit) and clearing all my debts, I am comfortable. Not rich, but comfortable.
In my late forties, after a divorce, I had enough money to pay for a very small property in London. mortgage free, and a wreck to do up in France on my own. Although it was tempting to get a mortgage to do the property up, I didn't. I did as much as I could, always paying cash that I saved in advance, for the artisans. Then at retirement, I rented the London property and finished the French one where I live. It took a longer time to achieve, but I could sleep nights as I was self employed.
So many things I did in the past are in your list. I started with the spreadsheet. Just recording what I was spending to start with. I found never taking cash out made that much easier. Thanks bbb
Good video, I’m sending it to my kids - only one of whom is financially on top of everything and has been since she was 7. The others are relatively prudent but this info in a podcast is a good reminder.
I recommend everyone should learn and understand the ''rule of 72''. basically whatever the interest rate is, on both savings and borrowings, divide it into 72, the answer is how long, in years, your savings or debts will take to double. ie. 12% will mean your debts or savings will double every 6 years. There are other factors, tax allowances, repayments etc which will alter the answer but the mathematical rule will stay true.
There has to be some sort of balance. I had a friend who always called me ‘generous’. She was very tight with her money and quite selfish. I cut her out of my life. Apparently she still wonders why!
My mother was a miser and made me suffer from it all my life, consequently I am overgenerous and despise meanness. Every person that is miserly does not stay around me for long.
@@lisejacquelinerigault2575My mother was a miser, too. She was a widow with three little kids; I was the oldest. So I believed her when she said we couldn't afford to buy me new shoes for three years when I was in grade school, so I wore the same shoes from 3rd grade until 6th grade even though my feet grew a whole size every year. However, she bought a brand new car with cash every three years, and paid off the house she bought after my dad died in three years. Yet she was too cheap to buy us decent clothes or Christmas presents. So I can't stand cheap people, either. I have no patience for them.
8 out 9 of those were statements of the bleeding obvious. I will give you some credit for "Tip 4: Pay yourself first", because not many people would do that.
Preached, I feel, by someone who doesn't really live in the real world. Wonderful information in theory, but sitting down, compiling your budget and setting out your spreadsheet (note the implication that everyone will know how to do this) when you are struggling to make ends meet, will never be a family priority. They are probably too busy working a second job. I do wish the wealthy wouldn't preach to the battlers, and in such a condescending manner. This is keeping your poor, says he, sitting in some fancy swanky car that would probably be worth a deposit on a house.
How do you think I bought the car? By having all of our finances in/out on a spreadsheet. It is precisely because people don't prioritise the spreadsheet and budget that they remain poor. I had nothing when I started over 25 years ago.
@@blackbeltsecrets sure. But I bet you weren't raised on the 25th floor of a high rise in a drug and crime ridden area, coupled with a poor educational background.
@@blackbeltsecrets Good for you for getting out there and acquiring all those qualifications in spite, as you point out, your parents lesser abilities. But you clearly had the wherewithal to commence your journey. Many years ago when I lived in Eton Wick, one winter afternoon I was walking down the high street in Slough when I came across a bunch of primary school kids beating the hell out of another one. By the time I reached them and the mob fled, the boy was lying on the ground bleeding from several cuts. Was that you? No I thought not. I managed to get him to Boots where they dressed his wounds whilst waiting for the police. When asked about how to contact his parents, he refused to talk. Eventually he whimpered that his dad was in jail and his mum at work. In my opinion, this child would need nothing short of a miracle to get where you are. The family's "neatly compiled on a spreadsheet budget" would more likely consist of a shopping list scribbled on the back of an overdue bill where only the absolute essentials were ticked off on pay day. Fags the exception of course. And the medicinal tipple. These are the people who really need help, yet will rarely find a way out of their circumstances. I seem to remember you saying at 16 you were doing work in chambers? For the kids I mentioned, they had more chance of finding themselves in juvenile detention at that age, and possibly reoffending because life is better in than out. I think you should go out and live amongst them before you go spreading your highfalutin concepts as the best way to improve your situation. Invest, you say! Maybe you should invest your time into some ongoing community work, like helping kids with their 3Rs so they have the potential to strive towards a better life. Are you a hands on person like that? You should give it a go. You would give the kids of Britwell immense pleasure as you drive up in your well deserved automobile. Give them something worthwhile to key the paintwork and slash the tyres. Your proffered advice only applies to those who have not only the means to be able to make changes, but also a sufficient amount of literacy to be watching your channel in the first place. I feel that your invaluable suggestions will not shake the lives of those who need it the most. Prove me wrong. I rest my case.
I've met people living on the street with a more positive attitude and patently less envious than you clearly are. I don't hate you for being so negative. I pity you. Because no one will ever change your mind and it will always be someone else's fault. Shame you didn't use the time it took to write such a negative, hateful message to do some good in the world. I won't delete your comments, I'll leave them here for everyone to read. But I won't be responding anymore.
Yes your so right I went with Step change dept charity really made me look into my spending to .all the little treats that added up on top of the higher coast of living also to much credit .now no credit cards and I’m better off now paying my dept off and putting a little away I was spending £120 per month eating out 3 times a week at £10 times that by 12 £120 per month plus other treats .
FULL STOP. What is keeping us poor has absolutely nothing to do with our minute spending habits and everything to do with wages not keeping up with inflation. Two years ago, a $100 trip to the grocery store purchased MORE and would last longer. In 2023, a trip to the grocery store, buying the same exact items, runs $150+ and wages have simply not kept up!! I made more (2x the salary) working in bars and clubs in the early 2000's than I do now working professionally at a very busy law firm, and owning a home has never been a reality for me (single 45). Affordable rentals are nearly impossible to find, especially with pets or children, and typically can only be afforded with a two a person income.
Luv the advice, just living in South Africa and you do not have rail or bus system you have to buy a car and petrol (gas) prices plus tax on top of it going up mth after mth wiped the budget in to non existence 🤮
Hello. I love all your channels, including your wife‘s chinese cuisine. I am not british, but even I can seen that the downward path begun not with the book, but with the Oprah interview and the 6 hours Netflix horrormentary. When Meghan did the ridiculous curtsy showing how she curtsied to the late Queen, and Harry sat there and allowed ti, they lost the british‘ good will
Trouble is now some know what it is like to be discriminated against and singled out not long ago we had horrendous laws against gay or others with a Alternative life style .Those people were offended and this is all about the shear holders This is a wake up call for others to take a look at themselves thing they are so pure n their sexuality and believes yes they are bigots .
Two tips for when you Go shopping, 1, Always Eat before you leave, you spend a lot more than necessary when you shop hungry, 2, when you are done and before heading to the checkout, move to the side and go through the trolley/ basket and remove the wanted rather than needed items.
I have found I buy less (since covid) by putting my order online and having them bring it to my car.
The app reminds me of the regular items I purchased and i have less impulse buying. I only buy cleaning and grocery items
Otherwise, we have a savings in January. We decide what needs to be bought and look for deals throughout the year.
There is a miscellaneous budget for unexpected things.
Planning and not being afraid to be frugal pays off.
Could be worse...
At least he didn't "die from dysentery" lol!
I think the problem the 'young uns' have (fogey here) is that they don't recognise they are spending with that contactless payment. Physically seeing the money by using cash reminds you that you are spending actual money. Using cash is my No. 1 tip.
i think that can be true. But keep in mind that may contradict the point in the vid of tracking your money. As with cash it is likely harder to be able to track all of your credits and debits compared to card payments.
So for me cash spending has the opposite effect. as i dont keep track of the money in my wallet, coming in or going out of it. i easily forget where i spent it (especially on a night out) so this makes it harder to analyse after if it was worth spending. whereas on card payments i am more conscious as i would be able to view it on my banking app and have constant reminders of my balance going down when i spend
If the world forum and all the wicked leaders that have represents like George Soros it won't be any cash anymore so there'll be no need to worry about it... We'll all be broke.
I agree but here in Sweden a lot of places dont take Cash
I hate it....
@martyndawson7484 -- Well, I'm 45 and don't think for me that is the case, per say, however, I grew up in a cash society, and our world does not work that way anymore... WAIT... Did you just get me to admit I'm a fogey too?! Shame on you. 😉
@@stellaallbright4750 Using cash is using common sense, normal for us fogeys but apparently absent in Gen Z. Card usage is to enable businesses and other more disreputable organisations, DWP being one, to monitor your spending. Cash prevents that. Using cards all your purchases and geographic locations are on view. Using a phone to pay is an extra level of idiocy... like shopping in the nude. Cash is like wearing clothes, your privacy is assured.
Like my long dead Grandmother, who was born in 1917, used to say to me "Never a lender nor a borrower be"
It's from Hamlet.
In Australia you don’t need to purchase water!
You could have saved a lot of money buying a large water bottle and filling it with water.
I NEVER buy water which also means less plastic.
Good onya mate for telling him! Carry a reusable bottle and fill it from the thing they call a tap. Clearly more money than common-sense.
I’m going to see my son and sister soon, traveling from other side of world to them. Before I’d go shopping for new stuff but this time I’ve cleared all my clothes out and looked at what I already have. I was surprised at how many clothes I’d forgotten about. So I’m rearranging and just adding a few items to coordinate all 😃saved a fortune. Plus i packed up a few bags and gave them to other people. The gratitude was too much made me very humbled.
I saved my money when others were earing more than me and pending it all. When my car broke and my wages dropped I asked for benefits. They said no because I had saved some money. the "wasters" all got benefit handouts. Happens all the time.
Yes. This is how governments work. Injustice and punishing.
It appears to be a way to keep the poor, poor. Which is sad
How did they know you were saving money? Stop spreading your business around.
Generally good advice, but some are in no position to help themselves out of the hole they may be in. My debt saga started when I was the only family member able to pay for my mother’s funeral, in 1991, but had to go into debt for this.
So my First piece of advice from my own perspective, avoid debt if at all possible! Once in it, it will continue to trip you up, 27 yrs, as next was my Dads, then debts accrued on joint accounts by my now ex wife, but as the working ex spouse, I was chased. It continued until I received a nice legacy. Using that to “speculate to accumulate” (newish car that WASN’T a money pit) and clearing all my debts, I am comfortable. Not rich, but comfortable.
Do I need it or do I want it? My motto!
“I wanted to teach him a lesson, so I didn’t give him any of my water. Tragically he died of dehydration but I digress, lessons were learnt”
🤣
😂
Right?! I was a bit horrified at one grown adult being so patronising to another!! Likely for the sake of a few dollars 😳
Very good advice. I will use this to show to my daughters. It should be taught in schools.
Ive lived like this all my life then people call you mean or miserly but i am the one with the money in the bank
Me too. Never use credit. Use cash to avoid tracking.
@@martyndawson7484 And when that option is stopped/restricted...
My Nan used to say ‘look after the pennies and the pounds will take care of themselves’
That's a saying from Ben Franklin. Poor Richard's Almanac.
@@edennis8578 Ah - I wondered where she got that saying from :)
In my late forties, after a divorce, I had enough money to pay for a very small property in London. mortgage free, and a wreck to do up in France on my own. Although it was tempting to get a mortgage to do the property up, I didn't. I did as much as I could, always paying cash that I saved in advance, for the artisans. Then at retirement, I rented the London property and finished the French one where I live. It took a longer time to achieve, but I could sleep nights as I was self employed.
So many things I did in the past are in your list. I started with the spreadsheet. Just recording what I was spending to start with. I found never taking cash out made that much easier. Thanks bbb
Iv always found if you draw your money out the bank at the start of each week you know how much your spending you can loose track with a card
Good video I've always taught my children look after your pennies and the pounds will look after themselves Thanks Danny
Good video, I’m sending it to my kids - only one of whom is financially on top of everything and has been since she was 7. The others are relatively prudent but this info in a podcast is a good reminder.
Good advice 🤔
Also known as "Live Within Your Means"
I recommend everyone should learn and understand the ''rule of 72''. basically whatever the interest rate is, on both savings and borrowings, divide it into 72, the answer is how long, in years, your savings or debts will take to double. ie. 12% will mean your debts or savings will double every 6 years. There are other factors, tax allowances, repayments etc which will alter the answer but the mathematical rule will stay true.
There has to be some sort of balance. I had a friend who always called me ‘generous’. She was very tight with her money and quite selfish. I cut her out of my life. Apparently she still wonders why!
My mother was a miser and made me suffer from it all my life, consequently I am overgenerous and despise meanness. Every person that is miserly does not stay around me for long.
@@lisejacquelinerigault2575My mother was a miser, too. She was a widow with three little kids; I was the oldest. So I believed her when she said we couldn't afford to buy me new shoes for three years when I was in grade school, so I wore the same shoes from 3rd grade until 6th grade even though my feet grew a whole size every year. However, she bought a brand new car with cash every three years, and paid off the house she bought after my dad died in three years. Yet she was too cheap to buy us decent clothes or Christmas presents. So I can't stand cheap people, either. I have no patience for them.
8 out 9 of those were statements of the bleeding obvious. I will give you some credit for "Tip 4: Pay yourself first", because not many people would do that.
Preached, I feel, by someone who doesn't really live in the real world. Wonderful information in theory, but sitting down, compiling your budget and setting out your spreadsheet (note the implication that everyone will know how to do this) when you are struggling to make ends meet, will never be a family priority. They are probably too busy working a second job. I do wish the wealthy wouldn't preach to the battlers, and in such a condescending manner. This is keeping your poor, says he, sitting in some fancy swanky car that would probably be worth a deposit on a house.
How do you think I bought the car? By having all of our finances in/out on a spreadsheet. It is precisely because people don't prioritise the spreadsheet and budget that they remain poor. I had nothing when I started over 25 years ago.
@@blackbeltsecrets sure. But I bet you weren't raised on the 25th floor of a high rise in a drug and crime ridden area, coupled with a poor educational background.
So you accept my point now? To answer your next query: no, but neither parent had good qualifications, I chose to get degrees myself.
@@blackbeltsecrets Good for you for getting out there and acquiring all those qualifications in spite, as you point out, your parents lesser abilities. But you clearly had the wherewithal to commence your journey.
Many years ago when I lived in Eton Wick, one winter afternoon I was walking down the high street in Slough when I came across a bunch of primary school kids beating the hell out of another one. By the time I reached them and the mob fled, the boy was lying on the ground bleeding from several cuts. Was that you? No I thought not. I managed to get him to Boots where they dressed his wounds whilst waiting for the police. When asked about how to contact his parents, he refused to talk. Eventually he whimpered that his dad was in jail and his mum at work. In my opinion, this child would need nothing short of a miracle to get where you are. The family's "neatly compiled on a spreadsheet budget" would more likely consist of a shopping list scribbled on the back of an overdue bill where only the absolute essentials were ticked off on pay day. Fags the exception of course. And the medicinal tipple. These are the people who really need help, yet will rarely find a way out of their circumstances. I seem to remember you saying at 16 you were doing work in chambers? For the kids I mentioned, they had more chance of finding themselves in juvenile detention at that age, and possibly reoffending because life is better in than out. I think you should go out and live amongst them before you go spreading your highfalutin concepts as the best way to improve your situation. Invest, you say! Maybe you should invest your time into some ongoing community work, like helping kids with their 3Rs so they have the potential to strive towards a better life. Are you a hands on person like that? You should give it a go. You would give the kids of Britwell immense pleasure as you drive up in your well deserved automobile. Give them something worthwhile to key the paintwork and slash the tyres.
Your proffered advice only applies to those who have not only the means to be able to make changes, but also a sufficient amount of literacy to be watching your channel in the first place. I feel that your invaluable suggestions will not shake the lives of those who need it the most. Prove me wrong.
I rest my case.
I've met people living on the street with a more positive attitude and patently less envious than you clearly are. I don't hate you for being so negative. I pity you. Because no one will ever change your mind and it will always be someone else's fault. Shame you didn't use the time it took to write such a negative, hateful message to do some good in the world. I won't delete your comments, I'll leave them here for everyone to read. But I won't be responding anymore.
Are you still friend with the friend you denied water? Did he appreciate the lesson? Genuinely curious!
Anything for summer, winter, Christmas and Birthday's, I purchase things that are on offer or in the sales.
Yes your so right I went with Step change dept charity really made me look into my spending to .all the little treats that added up on top of the higher coast of living also to much credit .now no credit cards and I’m better off now paying my dept off and putting a little away I was spending £120 per month eating out 3 times a week at £10 times that by 12 £120 per month plus other treats .
Thank you for the much needed advice
Thank you for the advice, which highlighted a few areas. I guess 9 plus a 'bonus' if technically still 10, but valuable 😊
Excellent. I've forward this to my son.
I always have a list and i stick to it .
Agree with u Sir! I’m doing what u all said! ❤❤❤
Thank you.
Subscribed to Secrets today... Thank You
Nobody ever got rich by spending money
Excellent lesson.
FULL STOP. What is keeping us poor has absolutely nothing to do with our minute spending habits and everything to do with wages not keeping up with inflation. Two years ago, a $100 trip to the grocery store purchased MORE and would last longer. In 2023, a trip to the grocery store, buying the same exact items, runs $150+ and wages have simply not kept up!!
I made more (2x the salary) working in bars and clubs in the early 2000's than I do now working professionally at a very busy law firm, and owning a home has never been a reality for me (single 45). Affordable rentals are nearly impossible to find, especially with pets or children, and typically can only be afforded with a two a person income.
I know that Harry and Meghan get more clicks, but I really enjoy your other content. Please keep up with your diverse content. Thank you.
Luv the advice, just living in South Africa and you do not have rail or bus system you have to buy a car and petrol (gas) prices plus tax on top of it going up mth after mth wiped the budget in to non existence 🤮
I buy my grandchildren Christmas and birthday presents in the sales throughout the year
I always buy two combs, because I always lose one of them
Hello. I love all your channels, including your wife‘s chinese cuisine. I am not british, but even I can seen that the downward path begun not with the book, but with the Oprah interview and the 6 hours Netflix horrormentary. When Meghan did the ridiculous curtsy showing how she curtsied to the late Queen, and Harry sat there and allowed ti, they lost the british‘ good will
Thank you 😊
Sorry. This comment went to the wrong program. It was meant for your program about Meghan
Another way to keep you poor is to hire an outrageously expensive barrister!
If I didn’t go to the pub I’d be much better off.
Trouble is now some know what it is like to be discriminated against and singled out not long ago we had horrendous laws against gay or others with a Alternative life style .Those people were offended and this is all about the shear holders This is a wake up call for others to take a look at themselves thing they are so pure n their sexuality and believes yes they are bigots .
Very interesting, however, I had some money to invest a couple of years ago. I left it there till I needed it recently and I lost money on it.
Don’t pay out for over priced legal advice, for cheap advice call me 🤣😂