I am a retired woman living in a retirement community in Florida. I see too many other women who only have a social security check each month to live on. Most are living on less than $1,500 a month. With all the opportunities for saving these days, there is no excuse not to start saving as soon as one gets a job. It does not have to be a lot to start. Give up a new purse, another pair of shoes, an expensive vacation. Listen to Kate she knows what she is talking about.
While you are correct, I almost lost everything due to medical issues you couldn't know about from the outside. It was thanks to my family that I didn't lose me house.
@@karenallen919 I am so sorry to hear about that. We never know what life has in store for us. My husband died suddenly 7 years ago. Within an instant half of our income was gone but the debt still needed to be paid.
I'm 37 and been working since I was 16. It pains me to think of the dumb stuff I squandered my money on - mostly clothes and things to 'keepup'with my peers who didn't grow up in the same economic status as my family. I didn't even have much good travel to show for it. I'm much better now but I wish someone had literally shown me not just told me I needed to always save and invest early on.
I wished I budget better Iin my early years. I woke up 2 years ago a widow . Times are hard for widows. Most of my saving had yo pay off a large hospital bill
As someone who was able to pay off my mortgage early I can tell you all it is the best thing you will ever do for yourself as a homeowner. If you’re someone who hasn’t bought a home yet - keep this in mind before you buy. Don’t buy the max home you can ‘afford’. Live below your means is an excellent mantra. Kate you are a wise woman. Here’s to reaching 100K 🎉🎉🎉
Yes, a mortgage should be around 25% of income (of primary income, not 2 incomes combined) i like these tiny home options for starter homes & even retiring.
I bought my house in 1997 using straight 40 hours even though rep told me I qualified for twice the house due to a lot of overtime. The company went thru cycle of mandatory overtime and then absolutely none.
Paying off house next month and surprising my husband for his birthday! 5 yrs early on a 15 yr fixed. So excited to be completely debt free ❤the struggle bus was real 😮 but worth it. Kate you will reach 100k 😊
My husband and I spent years paying for things with cash or we went without, had full weeks breakfast for dinner, lived on ramen etc. We squirreled away every cent we had. This got us out of debt by age 44, didn't need big loans for my daughter's college and can partially retire early if we want. But we are only 47 and still work hard. I was explaining this to someone recently and their response as suggesting we must be well off. I was taken back by that. The struggle to get here was real. It was HARD at time. We live within our means but we are no where near "well off". I would not change anything that we did to get to this place.
@marylong -you and your husband are so smart. I'm old and widowed and if I had lived like all my friends had lived, my life would be so much harder. I heard so many times "yes, but I might die." My response was and still is,"yes.but you might not." I can now afford ANYTHING I want (except a Lamborgini), just not everything.
Well you're doing good then because I would have guessed your age to be early 30's. My goal, pay off one credit card I used to fund my nieces college and it's her last year so by July I'll have an extra 750$ a month to invest. She'd have had to drop out if I didn't help her and we just can't have that
I am 52 and work at Walmart. They offer stocks and a 401K, which I get both. I have 6% being put into my Roth account every paycheck. They also match up to 6% 🎉💵🎉💵
Just found this channel and really liked this video. Take it from an old guy - the 50 year old (or 60) (or older) version of you will thank the “today” version of you for living below your means and using the difference to pay off debt and invest.
As a senior citizen watching this, my major goals for this year is to pay off a credit card, then use that extra money towards paying off my car loan. That being said, through my health insurance, I get $ monthly to use to purchase healthy food and then $ quarterly to purchase over the counter health aids such as aspirin, band-aids, vitamins and supplements, etc. This will help tremendously in living below my means as some of that adds up quickly. Thanks Kate for all your hard work and advice.
I am starting a side job next week! I’m nervous ! I am so used to leisurely weekends but goal is to pay off our mortgage by end of year!! 24 thousand and we are free!!!!!
My goal this year is to just keep saving. Pretty much wiped out my emergency fund this month with unplanned expenses. Dental bill over 1000, tree service from storm damage another 600, etc. I am sooo glad I had money in my savings. You sleep better at night knowing these surprises in life are covered without going into debt. However I'm a little bummed out cause my goal has been to buy a newer car. I can still work on rebuilding my emergency fund. My eyes are still fixed on the prize - a shiny slightly used newer car :-).
I've been paying an extra $300 a month on my mortgage for most months and will have my 30 year mortgage paid off several years early. It's such a good feeling to see the end goal getting close.
For me discipline means the ability to do what you set to do as goals and follow the steps no matter how you feel. I like how you reminded us it’s about habits too which makes it easier to do the steps to achieve our goals.
This year I am giving up sugar and on-line shopping from social media sites. I'm also cutting my grocery bill and eating out. Paying off at least 2 of my debts.
I'm always up for tips on how to reduce expenses. I'm very lucky to live in an income based apartment building so I don't have to deal with the crazy rent prices. My town, although smallish in size, is a shopping hub for a large area so we have multiple grocery store chains including Aldi and Walmart.
@@judymcpheron5955 Try looking for salvage stores in your area. I have several I visit periodically and have found canned goods, pasta and other items at significant discount. I was once gifted 50 lbs of oatmeal by the store owner because he didn't want to keep it over the holidays in the store. That continues to offer some creative cooking adventures.🍞🍲🥘🥚
Aldi is great quality at a low price! We are also lucky to have Aldi along with the other supermarkets within the same complex here in Australia, which I understand doesn't happen a lot in the US.
My husband is intensely unhappy living in this rental. We are in a one year lease, so we can’t move until November. I couldn’t believe my great luck in that he’s letting me talk to my financial advisor to develop a plan to save for a down payment for a house purchase this year. I know he doesn’t think we can do it, but with prices expected to go down this year, we never know. :) We must stay close to this area for 3 more years until our son graduates from high school. He’s on a transfer now for the special ed program and I don’t want him to switch high schools. My husband is not a planner, so it’s up to me. I plan to go ahead with this idea fully. Happy Friday, Kate!!! :)
My big 2023 financial goal is getting one month ahead on my bills. I've called them all, they won't change the due dates, so pretty much everything is due by the 10th. The late fees and paying late reports to the credit bureaus is just killing me. They all get paid within the month, budgeting has helped that. Now on time is crucial!
I've been with this channel since it was under 100 subs. I'm really happy of how it's grown, really proud of you Kate! I'd like to learn more about stocks and investing...but I don't know where to start. Would you ever make a video on that?
Kate, when I was about 50 I went to a financial advisor to see what I needed to do before retirement. He told me the #1 thing he counsels his clients is to have their home paid off before retirement. I worked hard and paid off my condo by 53 and was able to retire. I did end up picking up a couple of part time jobs to help with my expenses. I’m now 64 and am living on my pension and get the ready to draw social security on my 65th birthday 😊. I also had saved up a nice nest egg and had 2 smallish IRAs. I love being retired and it was accomplished early simply by living below my means and saving money. Just about anyone can do this! Love your videos!
My goal is making and sticking to a budget so I can save money. You are a great teacher and very upbeat and encouraging person. I can tell your a great mom also. I was single mom of two and you can make it work if you need to. Everything is possible in life if you give it your all. Your setting a great example for your son.
Good morning Kate! I hate I can’t wake up early enough to catch your live! I miss chatting with the ksquad! My goal this year is to have a years emergency fund in place. I have been working on this for a while now and I finally hit 8 months in savings. Once I have that in place will start knocking out the mortgage! Thank you for the weekly motivation and I’ll send prayers that you reach your 100,000 UA-cam goal! You truly deserve it! Sending hugs for you, Kaden, and the kitties! ❤
My top financial goal this year is to rebuild our 6 month Emergency Fund. With our new-to-us home we are now debt free including our mortgage, but had some unexpected moving costs this summer. Time to rebuild!
If you share how much interest you save by paying an extra $100, or $200, or $300 on principal, it would SHOCK most people! Guessing most younger people have no idea. My grandson asked me to go over the paperwork when they bought their home - they didn't know how to use the amortization schedule. We talked about several options they could use to pay off the mortgage early.
We bought a house in January 2022 (almost exactly one year ago) and we’re aiming to have it paid off in 10 years *total*. Our budget is tight but I know it’ll be worth it long term!! Good luck with your goal!
If it helps at all, I was taught in a parenting class, the word discipline is based on the word disciple. Disciples became teachers, so disciplined just means you've learned and (my opinion) are now ready to teach ...... good, right?
Our goal is to re-save our deposit (we lost two thirds of it due to both losing our jobs in the UK at the start of the pandemic and not being entitled to support...) so that we can buy a house for us and our four children! 🙃
Wonderful goal. Are you in the US as I am? Have you heard of the books: Penny Pinchers? They are back from the 80's. What advice & tips they have. Check into your library etc to locate. Lots ideas like how they survived the great depression. Best of Luck fellow K-Squader. Kate with lead you to success. 🏡 💵💰🎉🎈🎊
I have only one goal this year and that is get out of DEBT. I'm well on my way with the low-spend January and I'll be doing a no-spend February. I've paid off one debt and will be able to pay off two cell phones by the end of the month...yay!!! Your channel continually inspires me and I'm so glad I found you last month. Thank you so much Kate for keeping us motivated to do better and live the life we want.
Hi Kate, goal is to consistently save $500 month this year. Doing No Spend January is helping me grow in discipline. Am working on my budget this weekend. Considering your videos necessary classes with assignments. Since I am new to your channel, going to go back and watch a video daily, study and keep creating my action plan. It's EXCITING! I do tithe and that discipline makes me realize you can be the Boss of your Money 💰 Have a great evening!
My goal is to pay off as much…if not all…of my debt as possible. I will then work on making extra payments on my house. I am retired and have a great pension. I also have a 401k that I will not pull from until absolutely needed. And I may do some part time work just to get me out of the house 1-2 days a week. Any additional funds would go directly to my debt. I’m also thinking of starting a container garden for the fresh fruit & vegetables.
No spend January so far so good. Keeping this in mind has actually stopped me from buying stuff I want but don’t really need. Have focused more on decluttering than spending.
Hmm, this is possible by using new insights and sometimes just hearing tid-bits from others lead to that aha moment! 💡 I live in a small community but nice and progressive. The local paper has asked for individual donations to set off printing cost. i've delayed for 2 yrs. Now guilt caught up with me as I ❤ my home town. The amount to send was $25 and a line for other $. First I was going to send $25; thought of no spend so then $15. But WAIT! How many of these exact papers have I seen month after month in the recycle bin of my senior apartment? BINGO! recycled the donation form. $15-25 saved! 👏😊😉
I'ma list two because one is financial and one is personal... I'd like to meet my weight loss-fitness goals and I'd like to build a healthy emergency fund/bare bones living expenses for 3 months.
Happy Frugal Friday! My goal this year is to replenish my emergency fund. I had to dip into it to make some repairs on my house. I really want to hunker down and be as frugal as possible this year.
You are inspiring and so real with us, your messages needs to reach at least 100k viewer. For me I’m trying to start a side hustle this year. I see the value in working more to get more accomplished. I also have been paying an extra 80 on my mortgage I bet I could do a 100, I’m going to try. Good Luck Kate 😊
I bought my house at 41 too , i do $500 or more every month… planning to add 70% of any money i get in my tax return… for 6 more or more i adding 1k to 2k a month so hopefully will be mortgage free by 50
Using your idea to pay $200 more each month towards the principal for my house. I also watched your town and country video and was inspired to create my own budget. Thanks for sharing your tips and helping so many of us reach our goals. 💕😊
My husband and I are on a budget and are using the envalope system; paying extra on the mortage & car pymt. We have two savings accounts: one for saving money and one for the house for repairs. We each get alittle spending money every two weeks, out of my spending money I am doing the 52 week savings plan and have done this for a few years. This way I have money for something at the end of the year that I may want or I may just save this money and keep adding to it the following year. I save all my change in a jar for the year until my husband's birthday comes and cash it out, I use this to take him out to dinnere(you would be surprised how much you have in change in just one year.) I have tried to make this budget/ finace thing into a game of how to save here and there without feeling like it has to be drag; because the other option is to go into debt(and I have been in debt and have had defaulted student loans) this was a CANYON that was hard to climb out of. Budget, Budget, Budget!
Scenario: Single man works at Starbucks, is frugal, saves, has 401k, has roommates to make extra pmts to mortgage every month…etc. Man gets kidney cancer at 36 and dies 6 months later. In your opinion, was all the penny pinching and sacrificing for investments in 401k and extra money to pay off a mortgage early worth it? Or would he have been better off to take more vacations? Enjoy his modest income more on the front end? I’ve been really struggling with this. This man was my friend… and it all just made me want to take my chances and enjoy the present more. If you are making just enough to live, and there are no more hours in the day to earn more without putting your health at risk, how do you do all the things and still live a life worth living? One that if you died tomorrow you could say “yeah, I’m happy with how I lived. It was all worth it”… I’m struggling to care about sacrificing now.. because I’m not guaranteed the future. What’s your advice?
Briana, I TOTALLY hear you on this! Sometimes I get that feeling like YOU ONLY LIVE ONCE, what am I waiting for??? HOWEVER, the chances are more likely that we will live and we want to be prepared to provide for ourselves for the long haul. I'd try to meet somewhere in the middle:) Make sure you live below your means so you have some money to spend on what bring you the most joy. I'm really sorry about your friend. It does make us question everything. Of course do what is best for you and I'll cheer you on no matter what you choose! -Kate
My biggest desire is to have a working band this year! Not because of the money - since all of us in music know that it really pays gas and a little more (unless you are young and big name). But because of the music. I came into this channel because I wanted to control my spending and I started with the mentality of low spend because a friend of mine was visiting and I also had made a commitment to do something else the first weekend of Jan that required me to go out for lunch. What I wasn't expecting was getting on jury duty. The first 2 days I ate out - using the cafe. But I decided this wouldn't work for me so on the 3rd day, I brought my lunch, a flask of white tea, a coffee smoothie I make, and water. Plus a book to read. Do you know how heavy that all is? I will be doing this until at least Jan 30th which is when the trial is expected to end. So I am doing what I can to dedicate myself to low spend - and obviously building arm muscle! Glad you have this channel Kate!
Focus is my word for 2023. My specific goals this year is to get Board Certified in my field, release 20 lbs, focus on my physical and mental health and keep organizing my home and clinical practice.
My financial goal is to pay off one debt completely, pay off half of my credit card this year and half next year, and pay off half of my third, and last, debt. Thank you for your teaching and advice. ❤️❤️❤️
13 minute video on the 13th fluke or intended? 😂 Happy frugal Friday 👍 So good I replayed 😊 Thanks for sharing Kate 👍 So added up $6500 + $300 x 12 $3600 = $10100 by 31/12/23? Is this the most you've aimed for in a year? Savings mode by living below our means 🙌 Really gets you thinking about retirement and seeing the numbers helps focus 🐿️🎯🏡 I see a retirement faux budget video down the road 😊 You said "I came so accustomed to the $100 could I do the $200?" and you did it. This is a good specific example of growing the gap and to live below your means by stretching each time 🙌 I have faith in you to achieve these and I appreciate you 😻😊😻
Yes! Realizing we keep adding to our credit debt while my husband is off during his seasonal job. Gotta stop living at our full steam income when it's just not there!
I’m retired. I retired in 2020 right at start of the pandemic. My retirement trip to London was cancelled. My goal is to take my 3 yr delayed retirement trip to London in Fall of 2023 and have my travel sinking fund at goal to fully fund the 14 day trip
Going strong on no spend January, even added no alcohol for the month. I already added that money to my investment account so I can’t spend it even if I wanted to 😂
Hi Kate 22/12/23 end of year on my mind so I rewatched your videos from 30/12/22 + 06/01/23 + 13/01/23! I'd be interested in a follow up review of your 2023 for the last frugal Friday video of 2023 next week. You've probably got your video idea planned out already though! Summary questions... How was your word of the year, focus? Did you save up the $6500 for your Roth IRA? Did you achieve putting the extra $300 a month towards your mortgage principal? How did achieving, progressing or changing what you were aiming for/planning to do, alter, strengthen or change your mindset? Did you learn anything new? Or did this year affirm your values? Just some thoughts and questions I was wondering about, that I could ask in many different ways 😂
Awesome video, Kate! It is inspiring, and it gave me ideas to cut down some goals this year to focus on the goals. I truly want to get. Have an awesome frugal week, can’t wait for the new pajama drama video!
My financial goals are (also) to max out my Roth IRA and pay down our mortgage. Plus to save toward a "job transition" fund and save for some home improvements. I've been pretty undisciplined about spending since we purchased our house in 2014 but now it's time to buckle down and build the savings back up :)
I made paying off my mortgage my main priority two years ago...I would pay $500 extra towards principal every month, and any extra money earned - I sacrificed but it felt so good when I finally paid it all off.
I paid $50 extra a month towards principal on our 15 year mortgage starting about half through the 15 years. I kept the amortization schedule of both the original loan & my additional payments, side by side in Excel. It was mind-blowing to see how many thousands we saved! Icing on the cake was we paid it off in January 2006...I got laid off July 2006. What timing! I had a LOT less stress knowing they couldn't take our house away! I do my own Escrow for taxes & insurance, keep a separate credit union account to keep the funds segregated so we don't spend it!
We have 5 big to bigger ticket items to take care of this year; and coulda, shoulda take care of a few more. '22 was a heck of a year for us in all aspects of our lives and some of these items were delayed. Daily life style wise, we will be living below our means, have already taken care of a sum of lower ticket items, and we will see what we get rolling by the end of January. The good news is that many of the things we are taking care of are not perpetual; in other words once done, they are done either forever or some time to come.
i really want to pay down my line of credit on my checking account..i am a low income senior, and have health issues....this past winter,was very hard ,bill wise...i am hoping to find some ways to make it disappear and be in the blue each month and not in the red... ..love your videos, and you are adorable
I am trying before we retire to travel outside the US. I know it will be harder on our bodies after retirement and after we no longer have a salary coming in.
Tracking my budget every Friday is my main goal. We are so close to having more of to principal than interest in our basic house payment so I am super excited about that. We got lacks with our budget so I want to tighten it back up to up our additional payment amount. I need to evaluate if we need to up our investments to make sure we are doing at least 15% of out gross pay.
Love your videos, Kate! I just found your channel but I am already so inspired by you and your community! I am a new stay-at-home mother, and have various retirement accounts from prior employment. Currently I am not bringing in any income so my goal this year is to focus on frugality in my spending. But I would like to make manage my retirement accounts better to maximize the funds I already have saved. Any advise from you or your community is welcome!
Hi Kate, hugs to Kaden and pets to all the kitties. Thank you for another great video. My goal this year is to fill my sinking funds and put at least 10k towards my emergency fund. I can't do that without the (you guessed it), ever present overtime.
I would love to buy a home but it is not even an option in my area and moving is extremely challenging. The places that are inexpensive to live are not exactly welcoming. There's no community.
(Abby typing) Looking at my Discover card yearly summary was actually not that heart pounding. Taking my interest charges and dividing them over the year supports my daily payment strategy which is to send in my daily savings to my card daily in addition to making payments on paydays. Seeing the balance go down every day is reinforcing my savings habit of avoiding the vending machine at work. Overall goal zero debt in six months!
Hi Kate, this is inspiring. I'm going work on this, pretend I get paid less than I do now and automate it. Im also going to put my raise straight into savings. You inspired me to max my retirement and focus on paying off my home. Thank you.
I got a really nice Christmas bonus from my boss, so I paid off one of my three cards. So next is to pay off off my 0% APR card by August and lastly to pay off my $2k card. Going hard this year I want all this cc debt GONE!!!
I'm on track to pay off my car by March then let that payment ride to fund my Emergency fund. I am also maxing my sinking funds for Medical and Car repairs.
I have a 401k, a Roth IRA, and and HSA account through my job. My company matches my contributions up to 6%. I've only been there for four years. I'm 60 and my goals this year are to completely get rid of my debt, increase my emergency savings, and max my contributions. I would really like to 'retire' by 62. I'll have to focus to make it happen. I have a small business to keep me busy after that.
I am a retired woman living in a retirement community in Florida. I see too many other women who only have a social security check each month to live on. Most are living on less than $1,500 a month. With all the opportunities for saving these days, there is no excuse not to start saving as soon as one gets a job. It does not have to be a lot to start. Give up a new purse, another pair of shoes, an expensive vacation. Listen to Kate she knows what she is talking about.
While you are correct, I almost lost everything due to medical issues you couldn't know about from the outside. It was thanks to my family that I didn't lose me house.
@@karenallen919 I am so sorry to hear about that. We never know what life has in store for us. My husband died suddenly 7 years ago. Within an instant half of our income was gone but the debt still needed to be paid.
I'm 37 and been working since I was 16. It pains me to think of the dumb stuff I squandered my money on - mostly clothes and things to 'keepup'with my peers who didn't grow up in the same economic status as my family. I didn't even have much good travel to show for it. I'm much better now but I wish someone had literally shown me not just told me I needed to always save and invest early on.
@@gigigo126 my heart hurts for your loss. Welcome to the Strong Women's Club. We know how to get up when life knocks us down..
I wished I budget better Iin my early years. I woke up 2 years ago a widow . Times are hard for widows. Most of my saving had yo pay off a large hospital bill
As someone who was able to pay off my mortgage early I can tell you all it is the best thing you will ever do for yourself as a homeowner. If you’re someone who hasn’t bought a home yet - keep this in mind before you buy. Don’t buy the max home you can ‘afford’. Live below your means is an excellent mantra. Kate you are a wise woman. Here’s to reaching 100K 🎉🎉🎉
Yes, a mortgage should be around 25% of income (of primary income, not 2 incomes combined) i like these tiny home options for starter homes & even retiring.
I bought my house in 1997 using straight 40 hours even though rep told me I qualified for twice the house due to a lot of overtime. The company went thru cycle of mandatory overtime and then absolutely none.
Paying off house next month and surprising my husband for his birthday! 5 yrs early on a 15 yr fixed. So excited to be completely debt free ❤the struggle bus was real 😮 but worth it. Kate you will reach 100k 😊
Congratulations. The peace of mind after paying off a mortgage is the best feeling. I paid mine off in 2018 and am happy about it all the time ☺
My husband and I spent years paying for things with cash or we went without, had full weeks breakfast for dinner, lived on ramen etc. We squirreled away every cent we had. This got us out of debt by age 44, didn't need big loans for my daughter's college and can partially retire early if we want. But we are only 47 and still work hard. I was explaining this to someone recently and their response as suggesting we must be well off. I was taken back by that. The struggle to get here was real. It was HARD at time. We live within our means but we are no where near "well off". I would not change anything that we did to get to this place.
Ahh, the good old days, when breakfast for dinner was the cheap option 🤣
@marylong -you and your husband are so smart. I'm old and widowed and if I had lived like all my friends had lived, my life would be so much harder. I heard so many times "yes, but I might die." My response was and still is,"yes.but you might not." I can now afford ANYTHING I want (except a Lamborgini), just not everything.
Well you're doing good then because I would have guessed your age to be early 30's.
My goal, pay off one credit card I used to fund my nieces college and it's her last year so by July I'll have an extra 750$ a month to invest. She'd have had to drop out if I didn't help her and we just can't have that
I am 52 and work at Walmart. They offer stocks and a 401K, which I get both. I have 6% being put into my Roth account every paycheck. They also match up to 6% 🎉💵🎉💵
Just found this channel and really liked this video.
Take it from an old guy - the 50 year old (or 60) (or older) version of you will thank the “today” version of you for living below your means and using the difference to pay off debt and invest.
Thank you so much John🙏
You are wonderful. I bet you have to fend off the men! You are smart, personality plus and pretty. Wow you go girl!!
Thank you so much Carrie!
Pay of all my remaining debt -no spend except essentials
Thank you for the weekly and daily motivation. I’m sure you will reach your goal!
As a senior citizen watching this, my major goals for this year is to pay off a credit card, then use that extra money towards paying off my car loan.
That being said, through my health insurance, I get $ monthly to use to purchase healthy food and then $ quarterly to purchase over the counter health aids such as aspirin, band-aids, vitamins and supplements, etc. This will help tremendously in living below my means as some of that adds up quickly. Thanks Kate for all your hard work and advice.
I am starting a side job next week! I’m nervous ! I am so used to leisurely weekends but goal is to pay off our mortgage by end of year!! 24 thousand and we are free!!!!!
You can do it!
My goal this year is to just keep saving. Pretty much wiped out my emergency fund this month with unplanned expenses. Dental bill over 1000, tree service from storm damage another 600, etc. I am sooo glad I had money in my savings. You sleep better at night knowing these surprises in life are covered without going into debt. However I'm a little bummed out cause my goal has been to buy a newer car. I can still work on rebuilding my emergency fund. My eyes are still fixed on the prize - a shiny slightly used newer car :-).
I've been paying an extra $300 a month on my mortgage for most months and will have my 30 year mortgage paid off several years early. It's such a good feeling to see the end goal getting close.
My goal is: Debt free in ‘23 baby!!
YASS Debra!
For me discipline means the ability to do what you set to do as goals and follow the steps no matter how you feel. I like how you reminded us it’s about habits too which makes it easier to do the steps to achieve our goals.
This year I am giving up sugar and on-line shopping from social media sites. I'm also cutting my grocery bill and eating out. Paying off at least 2 of my debts.
I'm always up for tips on how to reduce expenses. I'm very lucky to live in an income based apartment building so I don't have to deal with the crazy rent prices. My town, although smallish in size, is a shopping hub for a large area so we have multiple grocery store chains including Aldi and Walmart.
Would love to have those discount stores. Our local grocery while nice is expensive.
@@judymcpheron5955 Try looking for salvage stores in your area. I have several I visit periodically and have found canned goods, pasta and other items at significant discount. I was once gifted 50 lbs of oatmeal by the store owner because he didn't want to keep it over the holidays in the store. That continues to offer some creative cooking adventures.🍞🍲🥘🥚
Aldi is great quality at a low price! We are also lucky to have Aldi along with the other supermarkets within the same complex here in Australia, which I understand doesn't happen a lot in the US.
My husband is intensely unhappy living in this rental. We are in a one year lease, so we can’t move until November. I couldn’t believe my great luck in that he’s letting me talk to my financial advisor to develop a plan to save for a down payment for a house purchase this year. I know he doesn’t think we can do it, but with prices expected to go down this year, we never know. :) We must stay close to this area for 3 more years until our son graduates from high school. He’s on a transfer now for the special ed program and I don’t want him to switch high schools. My husband is not a planner, so it’s up to me. I plan to go ahead with this idea fully. Happy Friday, Kate!!! :)
Exactly! You'll never know til you investigate all the ways to achieve your goals and keep
You should send him ( your husband) a bill!
My big 2023 financial goal is getting one month ahead on my bills. I've called them all, they won't change the due dates, so pretty much everything is due by the 10th. The late fees and paying late reports to the credit bureaus is just killing me. They all get paid within the month, budgeting has helped that. Now on time is crucial!
I've been with this channel since it was under 100 subs. I'm really happy of how it's grown, really proud of you Kate! I'd like to learn more about stocks and investing...but I don't know where to start. Would you ever make a video on that?
Kate, when I was about 50 I went to a financial advisor to see what I needed to do before retirement. He told me the #1 thing he counsels his clients is to have their home paid off before retirement. I worked hard and paid off my condo by 53 and was able to retire. I did end up picking up a couple of part time jobs to help with my expenses. I’m now 64 and am living on my pension and get the ready to draw social security on my 65th birthday 😊. I also had saved up a nice nest egg and had 2 smallish IRAs. I love being retired and it was accomplished early simply by living below my means and saving money. Just about anyone can do this! Love your videos!
You are amaaaazing!!!😍🥰
Getting my Life in order for 2023 is my goal, Health and Finances are the two top priorities.
My number one goal is to build up my savings. You are going to hit 100,000!! you are faithful and consistent. That is key!!
Thank you so much Annie!
My goal is making and sticking to a budget so I can save money. You are a great teacher and very upbeat and encouraging person. I can tell your a great mom also. I was single mom of two and you can make it work if you need to. Everything is possible in life if you give it your all. Your setting a great example for your son.
Good morning Kate! I hate I can’t wake up early enough to catch your live! I miss chatting with the ksquad! My goal this year is to have a years emergency fund in place. I have been working on this for a while now and I finally hit 8 months in savings. Once I have that in place will start knocking out the mortgage! Thank you for the weekly motivation and I’ll send prayers that you reach your 100,000 UA-cam goal! You truly deserve it! Sending hugs for you, Kaden, and the kitties! ❤
My top financial goal this year is to rebuild our 6 month Emergency Fund. With our new-to-us home we are now debt free including our mortgage, but had some unexpected moving costs this summer. Time to rebuild!
If you share how much interest you save by paying an extra $100, or $200, or $300 on principal, it would SHOCK most people! Guessing most younger people have no idea. My grandson asked me to go over the paperwork when they bought their home - they didn't know how to use the amortization schedule. We talked about several options they could use to pay off the mortgage early.
We bought a house in January 2022 (almost exactly one year ago) and we’re aiming to have it paid off in 10 years *total*. Our budget is tight but I know it’ll be worth it long term!! Good luck with your goal!
If it helps at all, I was taught in a parenting class, the word discipline is based on the word disciple. Disciples became teachers, so disciplined just means you've learned and (my opinion) are now ready to teach ...... good, right?
Our goal is to re-save our deposit (we lost two thirds of it due to both losing our jobs in the UK at the start of the pandemic and not being entitled to support...) so that we can buy a house for us and our four children! 🙃
Wonderful goal. Are you in the US as I am? Have you heard of the books: Penny Pinchers? They are back from the 80's. What advice & tips they have. Check into your library etc to locate. Lots ideas like how they survived the great depression. Best of Luck fellow K-Squader. Kate with lead you to success. 🏡 💵💰🎉🎈🎊
@@judymcpheron5955 CD
@@judymcpheron5955 m
I have only one goal this year and that is get out of DEBT. I'm well on my way with the low-spend January and I'll be doing a no-spend February. I've paid off one debt and will be able to pay off two cell phones by the end of the month...yay!!! Your channel continually inspires me and I'm so glad I found you last month. Thank you so much Kate for keeping us motivated to do better and live the life we want.
Hi Kate, goal is to consistently save $500 month this year. Doing No Spend January is helping me grow in discipline. Am working on my budget this weekend. Considering your videos necessary classes with assignments. Since I am new to your channel, going to go back and watch a video daily, study and keep creating my action plan. It's EXCITING! I do tithe and that discipline makes me realize you can be the Boss of your Money 💰 Have a great evening!
Thany you for being here!
My goal is to pay off as much…if not all…of my debt as possible. I will then work on making extra payments on my house. I am retired and have a great pension. I also have a 401k that I will not pull from until absolutely needed. And I may do some part time work just to get me out of the house 1-2 days a week. Any additional funds would go directly to my debt. I’m also thinking of starting a container garden for the fresh fruit & vegetables.
My husband has $87k left in medical school loans. Our goal is to pay it off by December 31st! (send help lol) 😳 Debt free in 2023!!!!
No spend January so far so good. Keeping this in mind has actually stopped me from buying stuff I want but don’t really need. Have focused more on decluttering than spending.
I get sooooo bored w routine. But you’re right!!
Me too! I dream of paying off my mortgage, I am making a little extra payments but could do better. Thanks for all the help and inspiration Kate. X
Hmm, this is possible by using new insights and sometimes just hearing tid-bits from others lead to that aha moment! 💡 I live in a small community but nice and progressive. The local paper has asked for individual donations to set off printing cost. i've delayed for 2 yrs. Now guilt caught up with me as I ❤ my home town. The amount to send was $25 and a line for other $. First I was going to send $25; thought of no spend so then $15. But WAIT! How many of these exact papers have I seen month after month in the recycle bin of my senior apartment? BINGO! recycled the donation form. $15-25 saved! 👏😊😉
I'ma list two because one is financial and one is personal... I'd like to meet my weight loss-fitness goals and I'd like to build a healthy emergency fund/bare bones living expenses for 3 months.
To find a good balance with work and life but also saving $$$
Our one financial goal for the year is to buy a reliable used crossover with AWD for ~$20k and pay cash.
Happy Frugal Friday! My goal this year is to replenish my emergency fund. I had to dip into it to make some repairs on my house. I really want to hunker down and be as frugal as possible this year.
YASSSS KAYLA!!
Dear Kate
I love your style. Keep pecking away and you will 100 thousand subscribers. A lot of people and myself love your Friday frugal tips.
Thank you so much!!
You are inspiring and so real with us, your messages needs to reach at least 100k viewer. For me I’m trying to start a side hustle this year. I see the value in working more to get more accomplished. I also have been paying an extra 80 on my mortgage I bet I could do a 100, I’m going to try. Good Luck Kate 😊
I bought my house at 41 too , i do $500 or more every month… planning to add 70% of any money i get in my tax return… for 6 more or more i adding 1k to 2k a month so hopefully will be mortgage free by 50
Using your idea to pay $200 more each month towards the principal for my house. I also watched your town and country video and was inspired to create my own budget. Thanks for sharing your tips and helping so many of us reach our goals. 💕😊
My husband and I are on a budget and are using the envalope system; paying extra on the mortage & car pymt. We have two savings accounts: one for saving money and one for the house for repairs. We each get alittle spending money every two weeks, out of my spending money I am doing the 52 week savings plan and have done this for a few years. This way I have money for something at the end of the year that I may want or I may just save this money and keep adding to it the following year. I save all my change in a jar for the year until my husband's birthday comes and cash it out, I use this to take him out to dinnere(you would be surprised how much you have in change in just one year.) I have tried to make this budget/ finace thing into a game of how to save here and there without feeling like it has to be drag; because the other option is to go into debt(and I have been in debt and have had defaulted student loans) this was a CANYON that was hard to climb out of. Budget, Budget, Budget!
Scenario:
Single man works at Starbucks, is frugal, saves, has 401k, has roommates to make extra pmts to mortgage every month…etc. Man gets kidney cancer at 36 and dies 6 months later.
In your opinion, was all the penny pinching and sacrificing for investments in 401k and extra money to pay off a mortgage early worth it? Or would he have been better off to take more vacations? Enjoy his modest income more on the front end?
I’ve been really struggling with this. This man was my friend… and it all just made me want to take my chances and enjoy the present more.
If you are making just enough to live, and there are no more hours in the day to earn more without putting your health at risk, how do you do all the things and still live a life worth living?
One that if you died tomorrow you could say “yeah, I’m happy with how I lived. It was all worth it”…
I’m struggling to care about sacrificing now.. because I’m not guaranteed the future.
What’s your advice?
Check out YNAB. Learn how to do both. But regardless of anything we all need to Act Your Wage and learn to live below your means.
Briana, I TOTALLY hear you on this! Sometimes I get that feeling like YOU ONLY LIVE ONCE, what am I waiting for???
HOWEVER, the chances are more likely that we will live and we want to be prepared to provide for ourselves for the long haul.
I'd try to meet somewhere in the middle:) Make sure you live below your means so you have some money to spend on what bring you the most joy.
I'm really sorry about your friend. It does make us question everything.
Of course do what is best for you and I'll cheer you on no matter what you choose!
-Kate
My biggest desire is to have a working band this year! Not because of the money - since all of us in music know that it really pays gas and a little more (unless you are young and big name). But because of the music.
I came into this channel because I wanted to control my spending and I started with the mentality of low spend because a friend of mine was visiting and I also had made a commitment to do something else the first weekend of Jan that required me to go out for lunch. What I wasn't expecting was getting on jury duty. The first 2 days I ate out - using the cafe. But I decided this wouldn't work for me so on the 3rd day, I brought my lunch, a flask of white tea, a coffee smoothie I make, and water. Plus a book to read. Do you know how heavy that all is? I will be doing this until at least Jan 30th which is when the trial is expected to end. So I am doing what I can to dedicate myself to low spend - and obviously building arm muscle! Glad you have this channel Kate!
Focus is my word for 2023. My specific goals this year is to get Board Certified in my field, release 20 lbs, focus on my physical and mental health and keep organizing my home and clinical practice.
My financial goal is to pay off one debt completely, pay off half of my credit card this year and half next year, and pay off half of my third, and last, debt.
Thank you for your teaching and advice. ❤️❤️❤️
13 minute video on the 13th fluke or intended? 😂 Happy frugal Friday 👍 So good I replayed 😊 Thanks for sharing Kate 👍 So added up $6500 + $300 x 12 $3600 = $10100 by 31/12/23? Is this the most you've aimed for in a year? Savings mode by living below our means 🙌 Really gets you thinking about retirement and seeing the numbers helps focus 🐿️🎯🏡 I see a retirement faux budget video down the road 😊 You said "I came so accustomed to the $100 could I do the $200?" and you did it. This is a good specific example of growing the gap and to live below your means by stretching each time 🙌 I have faith in you to achieve these and I appreciate you 😻😊😻
You notice everything! 13 on the 13th!!! Totally a fluke but I love it!!!!
Yes! Realizing we keep adding to our credit debt while my husband is off during his seasonal job. Gotta stop living at our full steam income when it's just not there!
I love your daily words of wisdom and encouragement..helps us stay focused. We changed cellphone courier to save 130 a month!
YASSS! Way to go Mandy!
I’m retired. I retired in 2020 right at start of the pandemic. My retirement trip to London was cancelled. My goal is to take my 3 yr delayed retirement trip to London in Fall of 2023 and have my travel sinking fund at goal to fully fund the 14 day trip
My biggest goal is to pay off my car by December, about 6 months early.
Going strong on no spend January, even added no alcohol for the month. I already added that money to my investment account so I can’t spend it even if I wanted to 😂
YASSSSS!!!
I hope you reach your goal for subscribers. You have great tips.
Thank you so much Amanda!
Motivated rather than disciplined. Also, gazelle intense is a problem. I'm certainly not intense.
Hello Kate. My goal Is to save 50% of my income this year. Thank you so much for all the tips i learn from you. Big hug from Italy ♥️
Goal for 2023- pay off c/c debt
Great goals, Kate! You got this! 👏
Hi Kate 22/12/23 end of year on my mind so I rewatched your videos from 30/12/22 + 06/01/23 + 13/01/23! I'd be interested in a follow up review of your 2023 for the last frugal Friday video of 2023 next week. You've probably got your video idea planned out already though! Summary questions... How was your word of the year, focus? Did you save up the $6500 for your Roth IRA? Did you achieve putting the extra $300 a month towards your mortgage principal? How did achieving, progressing or changing what you were aiming for/planning to do, alter, strengthen or change your mindset? Did you learn anything new? Or did this year affirm your values? Just some thoughts and questions I was wondering about, that I could ask in many different ways 😂
LOVE IT!!!!! It's so great to reflect back and see if your intentions played out! I will share for sure!
@@KateKaden 😎 I'll look forward to it 😊
Awesome video, Kate! It is inspiring, and it gave me ideas to cut down some goals this year to focus on the goals. I truly want to get. Have an awesome frugal week, can’t wait for the new pajama drama video!
Thank you so much!
Can u make videos how to do UA-cam channel
My financial goals are (also) to max out my Roth IRA and pay down our mortgage. Plus to save toward a "job transition" fund and save for some home improvements. I've been pretty undisciplined about spending since we purchased our house in 2014 but now it's time to buckle down and build the savings back up :)
YASSSS Elizabeth!
I made paying off my mortgage my main priority two years ago...I would pay $500 extra towards principal every month, and any extra money earned - I sacrificed but it felt so good when I finally paid it all off.
I paid $50 extra a month towards principal on our 15 year mortgage starting about half through the 15 years. I kept the amortization schedule of both the original loan & my additional payments, side by side in Excel. It was mind-blowing to see how many thousands we saved! Icing on the cake was we paid it off in January 2006...I got laid off July 2006. What timing! I had a LOT less stress knowing they couldn't take our house away!
I do my own Escrow for taxes & insurance, keep a separate credit union account to keep the funds segregated so we don't spend it!
Can’t wait to see you hit 100K🥳❤️🙏
Thank you so much!
We have 5 big to bigger ticket items to take care of this year; and coulda, shoulda take care of a few more. '22 was a heck of a year for us in all aspects of our lives and some of these items were delayed. Daily life style wise, we will be living below our means, have already taken care of a sum of lower ticket items, and we will see what we get rolling by the end of January. The good news is that many of the things we are taking care of are not perpetual; in other words once done, they are done either forever or some time to come.
i really want to pay down my line of credit on my checking account..i am a low income senior, and have health issues....this past winter,was very hard ,bill wise...i am hoping to find some ways to make it disappear and be in the blue each month and not in the red...
..love your videos, and you are adorable
Thank you so much Sam! You've got this! Slowly but surely:)
I am trying before we retire to travel outside the US. I know it will be harder on our bodies after retirement and after we no longer have a salary coming in.
I need this. My husband and I need to get more disciplined and watch our money.
Ooh I didn't know a Roth IRA increased! Cool!!
Tracking my budget every Friday is my main goal. We are so close to having more of to principal than interest in our basic house payment so I am super excited about that. We got lacks with our budget so I want to tighten it back up to up our additional payment amount. I need to evaluate if we need to up our investments to make sure we are doing at least 15% of out gross pay.
Get a home within my budget
Spot on advice. You are doing great
Thank you so much 😊
Love your videos, Kate! I just found your channel but I am already so inspired by you and your community! I am a new stay-at-home mother, and have various retirement accounts from prior employment. Currently I am not bringing in any income so my goal this year is to focus on frugality in my spending. But I would like to make manage my retirement accounts better to maximize the funds I already have saved. Any advise from you or your community is welcome!
Rebecca! WELCOME! I am so glad you are here! OOOOH! Focus on frugality! HECK YES! We will be right with you on your new journey! Let's do this!
Hi Kate, hugs to Kaden and pets to all the kitties. Thank you for another great video. My goal this year is to fill my sinking funds and put at least 10k towards my emergency fund. I can't do that without the (you guessed it), ever present overtime.
🥰🥰🥰
How is Mr Hannum doing 🤔 Love Kaden and Kate Love 💘 💗 💕 💓 💖 ❤
Mr Hanum is doing great! Thank you for asking🙏🙏🙏
Our 2023 goal is saving $14,000 & max out my Roth IRA. Great video.
I would love to buy a home but it is not even an option in my area and moving is extremely challenging. The places that are inexpensive to live are not exactly welcoming. There's no community.
Bless you dearly 🙏 ❤ Blessings 🙏
Thank you Maria!
I want to cut my school loans in half this year!
Me too especially now that is interest free thanks to Biden.
Thank you for teaching how to be a good steward of money !! 💰
You are so welcome!
(Abby typing) Looking at my Discover card yearly summary was actually not that heart pounding. Taking my interest charges and dividing them over the year supports my daily payment strategy which is to send in my daily savings to my card daily in addition to making payments on paydays. Seeing the balance go down every day is reinforcing my savings habit of avoiding the vending machine at work. Overall goal zero debt in six months!
Pay off all credit card debt and buy Florida prepaid for my daughter (been saving for a while already)
Hi Kate, this is inspiring. I'm going work on this, pretend I get paid less than I do now and automate it. Im also going to put my raise straight into savings. You inspired me to max my retirement and focus on paying off my home. Thank you.
Happy new year Kate
Happy new year!!
Pay off my credit cards this yr! my one goal!!
yass Jenny!
I decided to keep my no spend till i have 3 cc cards payed off.
I got a really nice Christmas bonus from my boss, so I paid off one of my three cards. So next is to pay off off my 0% APR card by August and lastly to pay off my $2k card. Going hard this year I want all this cc debt GONE!!!
Omg that is AAAAMAAAZING!!! Congratulations Missy! So exciting!
Currently, I have an EF of 6 mo. bare bones expenses. My goal is to double that by the end of 2023.
My goal this year is to watch more Kate Kaden! Great content and vibe
Ahhh! I love this! 🙌🥰
I'm on track to pay off my car by March then let that payment ride to fund my Emergency fund. I am also maxing my sinking funds for Medical and Car repairs.
This years goal is saving up for our family UK trip( We are mortgage and debt free)
Power of compound interest!!!
My goal for this year is to finish paying off my debt and start investing monthly to my Roth IRA plus increase my 401K by 1% more
I have a 401k, a Roth IRA, and and HSA account through my job. My company matches my contributions up to 6%. I've only been there for four years. I'm 60 and my goals this year are to completely get rid of my debt, increase my emergency savings, and max my contributions. I would really like to 'retire' by 62. I'll have to focus to make it happen. I have a small business to keep me busy after that.