9 Reasons Why You Can’t Save Money

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  • Опубліковано 29 лис 2024

КОМЕНТАРІ • 46

  • @PenniesNotPerfection
    @PenniesNotPerfection  Місяць тому +1

    🤔 What is stopping you from saving money?
    ✅ Why saving $10K changes everything: ua-cam.com/video/XKmpwYLFaIg/v-deo.html
    ✅ How to save $10K in one year: ua-cam.com/video/uImttr1JpDo/v-deo.html

  • @StraitTalkMedia
    @StraitTalkMedia Місяць тому +7

    Great video another reason we cant save money is because we cant be honest with ourselves when videos like this bring things to our attention..Thank you keep up the good work

  • @jaimiperry9907
    @jaimiperry9907 Місяць тому +2

    Don’t buy a car. Don’t buy a house. Don’t rent an apartment, don’t buy anything shop at the goodwill and eat ramen noodles. Now that’s the American dream.

  • @lolomissa
    @lolomissa Місяць тому +1

    yes! i was helping a friend with this stuff the other day and i fully admitted like, ive made choices for comfort in recent years and that is why my student loans aren't already gone! i did most of the big changes and yes, living alone or in a nicer, safer place is something i can now afford to do 🙌 then followed up with crazy roommate stories from my early days 🤣

  • @robertmorris2576
    @robertmorris2576 Місяць тому

    This is a great subject to touch on, Mary!

  • @KatieoftheHouse
    @KatieoftheHouse Місяць тому

    Having a reason to save is huge!

  • @otapprovedactivities1675
    @otapprovedactivities1675 Місяць тому +2

    Who do you recommend for a high yields savings account? We bank with Chase, so I feel leery opening it somewhere else but know I need to!

    • @jessicaleibret8772
      @jessicaleibret8772 Місяць тому +1

      Ally is amazing so happy w there high yeild

    • @PenniesNotPerfection
      @PenniesNotPerfection  Місяць тому +1

      Why do you feel leery? You would earn a lot more on any savings than staying with Chase.
      I like Capital One Performance accounts, Ally, or Sofi (referral link for a bonus: www.sofi.com/invite/money?gcp=1b8eb8d7-71e0-452f-a2b4-6c6511f73be2&isAliasGcp=false)
      All of those are actual banks, just not many or any physical branches. But they are banks that are insured and quite large too. They have competitive rates but not the absolute best. If you want higher rates you could use FinTech companies like Wealthfront, but if you are leery of even leaving Chase I wouldn't suggest that for you!

    • @jessicaleibret8772
      @jessicaleibret8772 Місяць тому

      @PenniesNotPerfection hey hey Mary! I lov my ally

  • @OurRetireEarlyJourney
    @OurRetireEarlyJourney Місяць тому

    Nailed it!

  • @sandrafromscotland
    @sandrafromscotland Місяць тому

    Thanks Mary 🌲

  • @ShanaJahsintaWalters
    @ShanaJahsintaWalters Місяць тому +1

    I want to save money to move from Antigua in the Caribbean to Thailand in Asia.

  • @ShanaJahsintaWalters
    @ShanaJahsintaWalters Місяць тому

    That's where I am at. I make way less than minimum wage. Increasing my income is really my only solution.

  • @tharpeaddy
    @tharpeaddy Місяць тому

    I’ve never had a car payment which I’m very proud to say lo
    I ride e-bikes

  • @ShanaJahsintaWalters
    @ShanaJahsintaWalters Місяць тому

    I share rent and I still barely keeping my head above water.

  • @joeriveracomedy
    @joeriveracomedy Місяць тому

    My only vices are used blurays and parts to customize nfl helmets. Yet still single.

  • @ShanaJahsintaWalters
    @ShanaJahsintaWalters Місяць тому

    I don't eat out. I can't afford to do so. That's a luxury.

  • @ShanaJahsintaWalters
    @ShanaJahsintaWalters Місяць тому

    I am great at saving money. But I barely make or earn money. So then I have to dip into the fund to pay rent and buy food. 😢😢😢

  • @catgodfrey6451
    @catgodfrey6451 Місяць тому

    😊❤😊

  • @MaryEavey-dc3sk
    @MaryEavey-dc3sk Місяць тому +1

    housing 30% of income: are you talking net or gross?

    • @PenniesNotPerfection
      @PenniesNotPerfection  Місяць тому +1

      That rule is based on gross income!
      That can be harder in this current market so some people think it's an outdated rule. And of course, personal finance is personal and circumstances matter so much more. If you have no kids or little monthly expenses then you could spend more than that quite comfortably for example! Also location will make a huge difference and what you spend in a HCOL area will look very different than a LCOL area.

    • @MaryEavey-dc3sk
      @MaryEavey-dc3sk Місяць тому

      you didnt anser my question.

    • @PenniesNotPerfection
      @PenniesNotPerfection  Місяць тому +2

      My first sentence literally answered your question. "That rule is based on gross income!"
      Gross.

    • @MaryEavey-dc3sk
      @MaryEavey-dc3sk Місяць тому

      @@PenniesNotPerfection sorry!

    • @PenniesNotPerfection
      @PenniesNotPerfection  Місяць тому

      All good, just wanted to make sure I was clear!

  • @ShanaJahsintaWalters
    @ShanaJahsintaWalters Місяць тому

    I have no debts whatsoever. I don't have a house, credit cards, a car, student loans or a mortgage. Just to clarify.

  • @determinators
    @determinators Місяць тому

    Biggest reason: systemic issues.