My mom was looking to buy herself an ugly $26 dollar purse on Amazon, so asked her how many purses do you already own?, she said 8, so I asked do you really think you NEED another purse and also you make $12 an hour and so now you’re going to work 2 hours to buy something you already have 8 of?? I finally shed some light on her frivolous purchases.
This might be a weird tip, but for a few months earlier this year (fell off the wagon a bit), I actually made myself write down any non-standard purchases I made so I could see what I was buying outside of planned expenses. It helped me think more about when and how I spend.
A good tip is to name your savings accounts. I have one named "New car" and the other one "Cushion for retiring before 65". It is motivating to see the account growing and knowing exactly what the money is for. It is also very reassuring to know I have the freedom to buy a new car if I choose to or if my 2007 Honda decides to die on me. Thanks Nicole for your very useful and fun videos.
Could you have one saving account and use a columnar to separate your funds by category? I do have several accounts. With two of my saving accounts, I also use a columnar to separate what I’m saving for. Just a thought.
@@LillyAnnHouston a lot of people need to actually see the words. My husband and I have 5 checking accounts at our local bank and 2 savings accounts. He has an issue spending money on a debit card and would move his savings over to cover non essential costs. Since we named his savings account 'jeep' he leaves the money in there alone now.
Yes, asking yourself “how many hours would I have to work to buy it” has always been a good strategy for me. I even ask myself this question as if I were making minimum wage. It’s sobering.
When I bought my house in 1981, the interest rate was 12.5%. I got my loan from the seller since I didn't qualify for a bank loan. I was smoking 3 packs a day and I gave that up the day I closed to make the budgeting easier. I never took a puff since.
I put a spin on ‘how many hours do I have to work’… I actually have dissected my expenses (fixed, variable average rounded high, savings, investments, etc.) to how much everything “costs” per day. So, not only knowing how much I have to work to buy something, I also know how much I have to work to cover my cost to live. It’s a very sobering, eye-opening perspective on personal finances.
I bring my own teabags to Starbucks and always tip one dollar for the hot water service. Tea can cost 5$ in the Bay Area. Sometimes I tip 2$ and still save.
Cute and intelligent. You truly are a breath of fresh air Nicole. I can’t wait for your videos to come out. No nonsense or fluff. Yet so fun to watch. Sending love from the states. Also, I hope time has made you able to enjoy your home more. Hugs and kisses to your son ❤.
Just an added note about your sponsor, Mint mobile is actually very good. I was using the walmart service because it was the cheapest i could find. Until Mint came on the scene. Literally $15 a month in USA per month. Bonkers. Has great coverage because it rents service from all various tower brands. You can just use your current phone, easy. The swap is easy as well. Never had to talk to customer service even once. In this day in age, $15 for cell is practically free.
I've had Mint Mobile for 2-3 years... Pretty much since they started the company. I have had zero issues with them. The only thing is to get your service at $15 per mth you have to buy the full-year all up front. If you need a new phone you have to pay for that up front as well. I used to have Freedom Pop, which was a completely free service, you just bought your cell phone upfront in full. There were no income limits with Freedom Pop which I miss, but $15 is still great. In the states, there are government programs that offer free cell phones, service, & internet for low-income families
Love your videos! Years ago my husband set up an auto transfer of money every two weeks from our checking to savings account. The savings account has no card attached, so the money sits there earning a higher interest.
you should check the rates every few months as banks do stuff like introducing a new type of account that pays more . they don't always give you the best rate. also if you have enough for a CD the rates can be higher.
Yes, the vague savings thing NEVER worked for me but when I buy stocks and ETFs I feel like I'm going shopping and am motivated to invest. After bills I invest most of my money and keep some in a high yield brockerage account. My debit card for my investing account is about to expire and I'm not renewing it.
The small paid-off home is worth far more than the expensive house you lose to foreclosure. No matter what the economy does if you own your home outright you are far more likely to survive well. Lessons Learned From The Great Depression long ago.
Dont knock dog insurance. (im a veteran) and the company of my dog is a life saver. after a dog ER visit i took the plunge. getting her yearly exams and dental has improver her quality of life (dog vet says she he has more real teeth in her mouth that other dog her age! and for chihuahua its a pretty big achievement but thats me. i love her company and comfort more than having people around me. having her healthy encourages me to stay active for weight control/diabetes/depression. pretty good return on investment (sounds weird saying that) not just in her, but my medial/mental health as well. 🐶💟 not meant to be a rant, loved the dog and gorilla
We are retired and on a fixed income of Pension and Social Security. I do a Direct Deposit to two different savings accounts each month. The money goes directly there before the balance goes to my checking account. Painless! We pay ourselves first!! 👍🥰
I kinda started making my budget feel like a video game stat sheet. Made crunching the numbers more fun especially when something "levelled up" or an "achievement unlocked". It made accomplishing the thing I worked hard to do more fun. I too started looking at my purchases with how long did I work to get the money to buy this, so I'm glad I am not alone in doing that. Definitely less inclined to buy something when I calculate "I need to work 8 hours to buy this thing....mmmmm...I'd rather keep that money actually." Whenever I think of keeping the dollar I remember Mr. Burns saying that, lol.
Yes! When I track each line item in the budget it feels good to keep it “in the green” and if I go over I’m like NOOOOO lol. We made a debt payoff thermometer 🌡️ tracker and put it in the living room so we can celebrate each milestone! ✨
Definately a lot of wisdom for such a young one!! Your videos always give me something to think about. Even a good laugh (hence the moment of the two dogs🤣) needless to say we have our bank round up to the dollar with any purchase made on the debit card and deposit to savings and for the occasions we use cash I stash all the change in a jar or something.
1:47 Along-the-lines of ‘shop with your time’ not only do I equate that to my hourly rate to pay for that items *initial* cost, I also add in its *ongoing* cost. For example, if you buy a car or anything else that required upkeep (pets, a new hair style, decoration, printer) I consider the ongoing cost also, to know how much really of my time is being ‘robbed’ by buying that item and it ongoing obligations. The minimalistic approach (or intentional spender) penny drops a little faster when your calculates are more realistic! 😮 It can all still be done on the back of a napkin. 😜 Ps - I like that ‘pay for it twice’ concept; I’m gonna pinch that one! Thanks 🙏
I just wanted to say I love you in a non-creepy way and I live for your videos every Sunday. The fact that this one popped up on a Tuesday totally made my day. You are so fun to watch and listen to, and honestly I’m the most technologically challenged person when it comes to TVs but I figured out how to stream your videos to my partner’s roku and we watch your new ones every Sunday while drinking our morning coffee lol. Thanks for all you do & share with us!
I really like the milestones and rewards idea! I cant think of anything i fancy for £250to treat myself to ( translating for UK here). Which i find quite amusing! I do the other ones, but thank you for the reminders!
I buy a pack of 24 single use packs of folgers coffee for 4 bucks. A 5 dollar creamer for 6 bucks and 100 sugar packets for 3 bucks and that goes along way Buying 7 dollar lattes at starbucks is ridiculous.
Thanks for watching! My helpline is as follows. Firstly=> plus 1564, Secondly=>243, Lastly=>8485. I need to clarify a few things and share some important details with you. I’ll be expecting your WA text.
Do your own car maintenance people. Everything you want to learn is on UA-cam. I started out with oil changes. I now program PCM/ECU, BCM, keys and other modules. It's a learning process but a fun hobby. I never went to automotive school nor ever work for a mechanic and yet I fix their screw ups for my friends. Oil changes are around $120 now. Walmart Supertech Synthetic is $29.99 CAD for 5 liters and a quality oil filter (Wix XP or MANN) is less than $10 on Rock Auto. So you just saved $80 right there. If you drive a lot that can add up. But most importantly you will learn a valuable skill in life, the money you save is just a bonus.
Spending is a hard thing to get under control for a lot of people, especially when we're bombarded daily with messages to buy stuff to be happy. Using shame/beating yourself up over it (over anything, really) tends to be counterproductive and make things worse, and also you deserve better than to be called 'pathetic'
@@samk5396I’ve noticed in myself that the more advertising I am exposed to, the more quickly my need vs. want evaluation mindset weakens. Therefore, I eschew as much advertising as possible and watch videos like this as an antidote to consumerism. This technique has really helped me.
I've used the "how many hours" method for years - it definitely helps with perspective. Also, and i know this doesn't work for everyone, but setting a budget that tracks EVERY expense and then tracking to make sure you're sticking to it. This is the only way I'm able to make sure we have enough money to pay annual expenses (like car registration and school fees) and because I'm saving those up over time it's a matter of adding some other savings categories to the budget and tracking those, too. We've been in time where my partner had no income and we had to eat into savings to pay bills and eat; my budget tracking made sure I knew exactly how much was gone from each category over time, so I could build back up once the income came back. After living through that situation three times (and having to call the bank to pause our mortgage payments) I am VERY mindful of where our money goes, even though we don't have an 'income problem' right now - once burned twice shy!
When you shop with your time, you should also consider how much time you get out of it. Not just the likely lifespan of the product, but also the amount of hours you're likely be using it. Especially when it comes to entertainment stuff: hours worked for vs hours of enjoyment
Top tip I read that works for me - the day I get paid I transfer my savings chunk immediately into my savings account before spending anything. Its more effective saving up front vs saving whats left at the end of the month
I don't need a "why" for my savings because I'm just wired in such a way that having a ton saved up makes me feel relaxed and safe. Saving feels nicer than buying nice things a lot of the time. We call it "safety junkie" Also I started doing the "shop with your time" a year ago and it's fun.
Great thoughts on finances - you may want to read Dave Ramsey's books, he touches on many of these same things. Also, Suze Orman talked about what your first memories of things were, and how it may affect your money personality. One was a young girl who accidentally broke a cherished platter, and the family never let her live it down, that she broke an heirloom. As an adult, she never wanted to take control of the finances - as if she would "break" them.
5:50 I save first before I spend then spend what doesn't affect my savings. So number 3 is weird to me. Why save what I want to spend when I already saved first
My trick is to save 500.00 from my paycheck every month before doing anything else. I don't think about it, I don't do the math first on my expenses. I simply transfer 500.00 to my saving and forget I have it. Then what is left is what I have to pay my bills, shop and have fun. After watching your videos, I think I squeeze a little more each month. Maybe up it 50.00 per month by using your advise on saving on expenses.
This is a great tip for people who really have no problems to begin with. Step one: make enough to save $500 a month. It took me months to save $600 and one event wiped me out completely.
Great tips! Heres mine....Use direct deposit to put money in a savings account and the balance in checking and live off the checking. Forces you to spend below your means. The savings adds up. Watching it grow was enough reward fir me.
All 6 tips are useful! Thank you 🙏 Right now I’m not making enough money on a monthly basis. I’m a video editor but there’s not enough work for me here in Dominican Republic, so I’m thinking I should start flipping items on Facebook market place. I’ll let you know how it goes.
The "How many hours" trick is GENIUS! I don't have a problem saving, I've never have. It's a game to me and the game is usually more fun than anything I want! My goal right now is to pay down our mortgage, and I'm hoping to reach that goal in 3 years. The son of a friend of mine got his first job and is saving some of his paycheck, but he usually spends most of it on meaningless items like candy and video games. I told my friend that it's most likely because he isn't working toward a goal like buying a car or saving for an apartment.
I'm really struggling with both, complete lack of income and impulse spending. What i need is someone like Nicole in my social circle (triangle) to set a good example and ideally to slap me everytime i try to spend 😅.
Nicole why can’t we get Mint mobile here in Canada. I live in Newfoundland and have Telus and my husband and myself pay 176.00 a month. Have been with them for years. Before Telus was Rogers. Seems we’re getting ripped off in Canada.
Xxx brand in uk washing powder depending on shopfloor varies from 4.99 to 8 pounds the same size so other day brought 1 pound soap and hsndwash reckon it will last 3 to 4 times washing all clothing ie once a week
When your insurance companies hike your rates, call them first and see if there's a way to lower your bill (without lowering your coverage). Sometimes it works and you can stay with that company but also, when you do have to switch to save, your old company will get the message. My car insurance company hiked my rates and wouldn't budge but my home owner's insurance company (who now has my car insurance business) will often find a way to save me money. It's worth the phone call.
If you pay in cash, you spend less. Pay bills online and everything else budget in cash. At the end of shopping, put all loose change in an apple cider jug. By the time the jug is full you should have over $100. It's painless as you never miss the small change. This is how an old boyfriend and I saved for day trips and mini vacays, which are also an alt to expensive trips.
Also, when evaluating ‘money saving’ tips use the how many hours philosophy. For instance, I often see the tip, dry your clothes on a clothesline. Well, it takes about 2 hours of your time to hang up the clothes, then again, about another 2 hours to take the clothes off the line. That’s 4 hours work. If you make $20 at your job then you’ve just ‘spent’ $80 of your work/time money on drying clothes. Where’s the savings in that? I’ve read that it only costs 50 cents to run your dryer for 1 load. Instead of hanging my clothes to dry I have a jar set up next to my dryer and every time I run the dryer I put a 50 cent iou into the jar. Once a month I take all the IOU’s out of the jar and transfer that money amount into my savings/investing account. Some videography suggestions: put your camera a little higher up, so we are either looking straight on at you, or we are looking a little bit down toward you. That’s how the professionals do it. It’s distracting to look upwards at your face from below. Also don’t be afraid to put on a little eye liner, you don’t need much, but your eyes get lost there. They are your biggest helpers in facial micro expressions that emphasize your points. And slow down, practice off camera giving your talks at a slower speed. You talk very fast and it can be hard to follow. You make great points. Let your body language help you emphasize your points. Hope this is helpful
@@Mayafurie Most people already have a dryer. To save on cost of clothes wash and dry them inside out, it protects the outer surfaces of clothes and the more soiled part of clothes, usually, is the part next to your skin, which becomes soiled by your body oils. I dry almost everything on delicate to minimize wrinkles and fluffs stuff nicely. If you don’t like the delicate setting then use a low heat setting. The heat is what damages clothes.
I shop with my time and keep a larger goal in mind. Couple it with a realistic, but still tight budget, saving becomes easy. I do have an extremely cheap living situation though, that might help..
It's like pets We go to pet discount shops for worm/ flea tabs or online under 10 pounds but if go vet about 60 pounds Hairbrush worn don't throw it Disinfect it and use for sweet pets for brush coats
A big thing I've done is I've opened up another bank account That's relatively far away and don't have my debit card and I have my employer take 10% of my paycheck and put it in that account. So if I really need the money I have to drive over an hour away to get it out
I was faithful to my car insurance company. About 40 years but moved south a few years ago and insurance kept going up. And I was living in a rural area with one tenth the population. Found an insurance company for my motorcycles first for half of what I was paying. Next the cars were coming due and the same company saved me two thirds on my car and truck! Awesome!! Next month I will be switching up my homeowners insurance. If the same company can provide for my home with the same coverage and a fifty percent savings I will be ecstatic!! Can't wait to hear the quote!! And the topper of all this is my previous insurance man never lifted a finger to counter offer or help with looking for savings. I already told him the house insurance will most likely be changed in the winter and all he could say was just let him know as I did with the others ...... a few weeks before the policy runs out!! Just crazy!! I had no claims for about 20 years too.....it wasn't like I was a big risk or anything!! Maybe it was a fourty year waste being loyal . Should have looked around sooner!!
In Australia, Insurance companies simply do not care if they lose you. As you said, they do nothing and don't even ask you why you are moving your policy - they are making SO much money. Here it used to be if you didn't have any car claims or accidents you were rewarded with a lower premium next year, now if you question why your premium has skyrocketed when you've never claimed, they tell us that we pay for all those who do claim... pardon😳.
Credit cards on minimum auto pay, so the payment gets made no matter what. Pay them off each month if possible. My Sonos upgrade discount and resell old gear. Tablet and phone always trade in. Mint customer 5+ years. Sonos, phone, tablet I use constantly. Debt free paid off house 3 vehicles.
I mention university in my “5 scams” video from a few weeks back. I don’t think I could make a full video about it. I never went to uni and don’t know enough about it.
one thing I do that's fun is where I track my spending in a spreadsheet, I also track any savings - if I use a coupon, if something is on sale - a lot of grocery stores will give you the amount you save on your receipt. then I add that amount up and put it in my savings account. that way, not only did I not have to spend that money due to the discount, I also actually "saved" it.
I agree !!!!! Nicole would get thru to them for sure because she's been poor and also because she's down to earth and right to the point. I came across your video not long ago and I love them Nicole !!! Thanks.
Good advice here Nicole. One thing I do is put money in my high yield savings account as soon as I get paid. Also, know how much interest your bank or CU ( even better) is paying on your money. If it’s not at least 5%, put it somewhere else. Finally, I love Mint ! Just paid a year in advance for less than 1/3 of what I was paying my old carrier.
A compounding interest calculator is fun. It's a toy I play with when I'm deciding if I want to pay down the principle on my mortgage. After 5 years at 6% interest $500 BECOMES ... 669.11!
Nice to meet you, I wish we had Y-Tube and videos just like yours to watch 30 years ago and not following what our family or friends were doing. Now for the last 10 years, I'm trying to save up for a better retirement. Better late than never as they say....
My mom was looking to buy herself an ugly $26 dollar purse on Amazon, so asked her how many purses do you already own?, she said 8, so I asked do you really think you NEED another purse and also you make $12 an hour and so now you’re going to work 2 hours to buy something you already have 8 of?? I finally shed some light on her frivolous purchases.
This might be a weird tip, but for a few months earlier this year (fell off the wagon a bit), I actually made myself write down any non-standard purchases I made so I could see what I was buying outside of planned expenses. It helped me think more about when and how I spend.
I pretend my savings doesn't exist and when people ask me to do things, I tell them I'm broke.
Very good thing to do 😅
Yessss, and this works wonders 😂
When the partner asks?
@@ag-xc7ix Don't have one and never have. So haven't hit that roadblock yet.
LOL ME TOO!!!
A good tip is to name your savings accounts. I have one named "New car" and the other one "Cushion for retiring before 65". It is motivating to see the account growing and knowing exactly what the money is for. It is also very reassuring to know I have the freedom to buy a new car if I choose to or if my 2007 Honda decides to die on me. Thanks Nicole for your very useful and fun videos.
Yes I do the same.
Could you have one saving account and use a columnar to separate your funds by category? I do have several accounts. With two of my saving accounts, I also use a columnar to separate what I’m saving for. Just a thought.
I like the cushion for retiring before 65. Thanks.
@@LillyAnnHouston a lot of people need to actually see the words. My husband and I have 5 checking accounts at our local bank and 2 savings accounts. He has an issue spending money on a debit card and would move his savings over to cover non essential costs. Since we named his savings account 'jeep' he leaves the money in there alone now.
love this idea
Yes, asking yourself “how many hours would I have to work to buy it” has always been a good strategy for me.
I even ask myself this question as if I were making minimum wage. It’s sobering.
Number 1 works with fitness too. That cheesecake looks good but would cost 3 hrs on the treadmill 😂.
When I bought my house in 1981, the interest rate was 12.5%. I got my loan from the seller since I didn't qualify for a bank loan. I was smoking 3 packs a day and I gave that up the day I closed to make the budgeting easier. I never took a puff since.
Well done, that's fantastic.
I put a spin on ‘how many hours do I have to work’… I actually have dissected my expenses (fixed, variable average rounded high, savings, investments, etc.) to how much everything “costs” per day. So, not only knowing how much I have to work to buy something, I also know how much I have to work to cover my cost to live. It’s a very sobering, eye-opening perspective on personal finances.
When I want to buy something frivolous, I remind myself, "its not my birthday" 😊
I bring my own teabags to Starbucks and always tip one dollar for the hot water service. Tea can cost 5$ in the Bay Area. Sometimes I tip 2$ and still save.
That's smart. Some coffee shops around ne have signs that day no outside food or drink. 😢
Cute and intelligent. You truly are a breath of fresh air Nicole. I can’t wait for your videos to come out. No nonsense or fluff. Yet so fun to watch. Sending love from the states. Also, I hope time has made you able to enjoy your home more. Hugs and kisses to your son ❤.
Profound! Nicole, I like your style.
Being miserable at work made me spend money to cheer myself up temporarily
Leave windows open at night with big fans blowing into the house to cool off the house 😊
I love the ‘buy it twice’ tip!
Just an added note about your sponsor, Mint mobile is actually very good. I was using the walmart service because it was the cheapest i could find. Until Mint came on the scene. Literally $15 a month in USA per month. Bonkers. Has great coverage because it rents service from all various tower brands. You can just use your current phone, easy. The swap is easy as well. Never had to talk to customer service even once. In this day in age, $15 for cell is practically free.
So glad to hear. And so jealous they aren’t in Canada 😫
I've had Mint Mobile for 2-3 years... Pretty much since they started the company. I have had zero issues with them. The only thing is to get your service at $15 per mth you have to buy the full-year all up front. If you need a new phone you have to pay for that up front as well. I used to have Freedom Pop, which was a completely free service, you just bought your cell phone upfront in full. There were no income limits with Freedom Pop which I miss, but $15 is still great. In the states, there are government programs that offer free cell phones, service, & internet for low-income families
OMG...the insurance dogs. I'm dying!!😂😂😂😂
Not to mention the gorilla
Love your videos! Years ago my husband set up an auto transfer of money every two weeks from our checking to savings account. The savings account has no card attached, so the money sits there earning a higher interest.
you should check the rates every few months as banks do stuff like introducing a new type of account that pays more . they don't always give you the best rate. also if you have enough for a CD the rates can be higher.
Seeing Levi meander about in the background was so satisfying. ❤
The bangs are mesmerizing 😮
Yes, the vague savings thing NEVER worked for me but when I buy stocks and ETFs I feel like I'm going shopping and am motivated to invest. After bills I invest most of my money and keep some in a high yield brockerage account. My debit card for my investing account is about to expire and I'm not renewing it.
I love the "buy it twice" trick.
You’re my new YT-favourite! Down to earth, no BS, not selling us quick fixes that doesn’t work in reality. Love your content, thank you 🙏🏻
The small paid-off home is worth far more than the expensive house you lose to foreclosure. No matter what the economy does if you own your home outright you are far more likely to survive well. Lessons Learned From The Great Depression long ago.
Image of dogs when talking about insurance lmao 😂
Dont knock dog insurance. (im a veteran) and the company of my dog is a life saver.
after a dog ER visit i took the plunge. getting her yearly exams and dental has improver her quality of life (dog vet says she he has more real teeth in her mouth that other dog her age! and for chihuahua its a pretty big achievement
but thats me.
i love her company and comfort more than having people around me. having her healthy encourages me to stay active for weight control/diabetes/depression. pretty good return on investment (sounds weird saying that) not just in her, but my medial/mental health as well.
🐶💟 not meant to be a rant, loved the dog and gorilla
I switched to Mint! I’m paid up to November. My stress level just went down significantly knowing that I’m saving money and paying in advance!!! 🙂
Appreciate your quality content! 👍
Great advice and ideas
this video was great because it’s different not just recycled tips you hear from everyone
Love seeing a vid from you on a Tuesday!
good advice, thnkx
We are retired and on a fixed income of Pension and Social Security. I do a Direct Deposit to two different savings accounts each month. The money goes directly there before the balance goes to my checking account. Painless! We pay ourselves first!! 👍🥰
I kinda started making my budget feel like a video game stat sheet. Made crunching the numbers more fun especially when something "levelled up" or an "achievement unlocked". It made accomplishing the thing I worked hard to do more fun.
I too started looking at my purchases with how long did I work to get the money to buy this, so I'm glad I am not alone in doing that. Definitely less inclined to buy something when I calculate "I need to work 8 hours to buy this thing....mmmmm...I'd rather keep that money actually." Whenever I think of keeping the dollar I remember Mr. Burns saying that, lol.
Yes! When I track each line item in the budget it feels good to keep it “in the green” and if I go over I’m like NOOOOO lol. We made a debt payoff thermometer 🌡️ tracker and put it in the living room so we can celebrate each milestone! ✨
Another great video Nicole! Great tips. I’ve shared it with my sister.
This is a fantastic video. Thankyou so much for the great ideas. ❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Definately a lot of wisdom for such a young one!! Your videos always give me something to think about. Even a good laugh (hence the moment of the two dogs🤣) needless to say we have our bank round up to the dollar with any purchase made on the debit card and deposit to savings and for the occasions we use cash I stash all the change in a jar or something.
1:47 Along-the-lines of ‘shop with your time’ not only do I equate that to my hourly rate to pay for that items *initial* cost, I also add in its *ongoing* cost.
For example, if you buy a car or anything else that required upkeep (pets, a new hair style, decoration, printer) I consider the ongoing cost also, to know how much really of my time is being ‘robbed’ by buying that item and it ongoing obligations. The minimalistic approach (or intentional spender) penny drops a little faster when your calculates are more realistic! 😮
It can all still be done on the back of a napkin. 😜
Ps - I like that ‘pay for it twice’ concept; I’m gonna pinch that one! Thanks 🙏
I just wanted to say I love you in a non-creepy way and I live for your videos every Sunday. The fact that this one popped up on a Tuesday totally made my day. You are so fun to watch and listen to, and honestly I’m the most technologically challenged person when it comes to TVs but I figured out how to stream your videos to my partner’s roku and we watch your new ones every Sunday while drinking our morning coffee lol. Thanks for all you do & share with us!
Am watching all your older ones. Great channel. Love that wild Levi. I have two.
I really like the milestones and rewards idea! I cant think of anything i fancy for £250to treat myself to ( translating for UK here). Which i find quite amusing! I do the other ones, but thank you for the reminders!
Solid pointers!
Spot on...👍
I buy a pack of 24 single use packs of folgers coffee for 4 bucks. A 5 dollar creamer for 6 bucks and 100 sugar packets for 3 bucks and that goes along way
Buying 7 dollar lattes at starbucks is ridiculous.
Thanks for watching!
My helpline is as follows.
Firstly=> plus 1564, Secondly=>243,
Lastly=>8485.
I need to clarify a few things and share some important details with you. I’ll be expecting your WA text.
Do your own car maintenance people. Everything you want to learn is on UA-cam. I started out with oil changes. I now program PCM/ECU, BCM, keys and other modules. It's a learning process but a fun hobby. I never went to automotive school nor ever work for a mechanic and yet I fix their screw ups for my friends. Oil changes are around $120 now. Walmart Supertech Synthetic is $29.99 CAD for 5 liters and a quality oil filter (Wix XP or MANN) is less than $10 on Rock Auto. So you just saved $80 right there. If you drive a lot that can add up. But most importantly you will learn a valuable skill in life, the money you save is just a bonus.
This spoke to me. I don’t have an income problem, which is why my struggle with finances is so pathetic. It’s emotional for sure.
Spending is a hard thing to get under control for a lot of people, especially when we're bombarded daily with messages to buy stuff to be happy. Using shame/beating yourself up over it (over anything, really) tends to be counterproductive and make things worse, and also you deserve better than to be called 'pathetic'
@@samk5396 Thanks, Sam. 🙏🏻
@@samk5396I’ve noticed in myself that the more advertising I am exposed to, the more quickly my need vs. want evaluation mindset weakens. Therefore, I eschew as much advertising as possible and watch videos like this as an antidote to consumerism. This technique has really helped me.
I've used the "how many hours" method for years - it definitely helps with perspective.
Also, and i know this doesn't work for everyone, but setting a budget that tracks EVERY expense and then tracking to make sure you're sticking to it. This is the only way I'm able to make sure we have enough money to pay annual expenses (like car registration and school fees) and because I'm saving those up over time it's a matter of adding some other savings categories to the budget and tracking those, too.
We've been in time where my partner had no income and we had to eat into savings to pay bills and eat; my budget tracking made sure I knew exactly how much was gone from each category over time, so I could build back up once the income came back.
After living through that situation three times (and having to call the bank to pause our mortgage payments) I am VERY mindful of where our money goes, even though we don't have an 'income problem' right now - once burned twice shy!
When I lost my job 😮💨 you’re not alone! And when car repairs eat your emergency savings and gotta build it back up… yes I feel you!
Thanks Nicole!! I switched over to Mint from Verizon in January. Well worth the savings!!
I’m so jealous.
@@AccordingtoNicole can’t Mint help? Lol that sucks they should expand into Canada guess not as easy as I think. Lol
Kind of ironic. It was owned by a very famous Canadian!
@@jeff6413lol ya kinda foolish eh
Very good video Nicole good job
When you shop with your time, you should also consider how much time you get out of it.
Not just the likely lifespan of the product, but also the amount of hours you're likely be using it.
Especially when it comes to entertainment stuff: hours worked for vs hours of enjoyment
Top tip I read that works for me - the day I get paid I transfer my savings chunk immediately into my savings account before spending anything. Its more effective saving up front vs saving whats left at the end of the month
Exactly
I don't need a "why" for my savings because I'm just wired in such a way that having a ton saved up makes me feel relaxed and safe. Saving feels nicer than buying nice things a lot of the time. We call it "safety junkie"
Also I started doing the "shop with your time" a year ago and it's fun.
Love your sense of humor 😂 also found this video very motivating. You rock girl !!! 😊
I think we've all been vigorously humped by an insurance company at one point or another.
Very nice tricks 👌👌
Great thoughts on finances - you may want to read Dave Ramsey's books, he touches on many of these same things. Also, Suze Orman talked about what your first memories of things were, and how it may affect your money personality. One was a young girl who accidentally broke a cherished platter, and the family never let her live it down, that she broke an heirloom. As an adult, she never wanted to take control of the finances - as if she would "break" them.
5:50 I save first before I spend then spend what doesn't affect my savings. So number 3 is weird to me. Why save what I want to spend when I already saved first
great video Nicole. you are a smart girl
My trick is to save 500.00 from my paycheck every month before doing anything else. I don't think about it, I don't do the math first on my expenses. I simply transfer 500.00 to my saving and forget I have it. Then what is left is what I have to pay my bills, shop and have fun. After watching your videos, I think I squeeze a little more each month. Maybe up it 50.00 per month by using your advise on saving on expenses.
pay yourself first. good habit.
This is a great tip for people who really have no problems to begin with. Step one: make enough to save $500 a month. It took me months to save $600 and one event wiped me out completely.
This video was very helpful. Thank you 🙂
Great tips! Heres mine....Use direct deposit to put money in a savings account and the balance in checking and live off the checking. Forces you to spend below your means. The savings adds up. Watching it grow was enough reward fir me.
Great new ideas!! I recently started doing #1 with my spending. Do I really want to work 10 hours to buy something I want?!
All 6 tips are useful! Thank you 🙏
Right now I’m not making enough money on a monthly basis.
I’m a video editor but there’s not enough work for me here in Dominican Republic, so I’m thinking I should start flipping items on Facebook market place.
I’ll let you know how it goes.
The "How many hours" trick is GENIUS!
I don't have a problem saving, I've never have. It's a game to me and the game is usually more fun than anything I want!
My goal right now is to pay down our mortgage, and I'm hoping to reach that goal in 3 years.
The son of a friend of mine got his first job and is saving some of his paycheck, but he usually spends most of it on meaningless items like candy and video games. I told my friend that it's most likely because he isn't working toward a goal like buying a car or saving for an apartment.
I'm really struggling with both, complete lack of income and impulse spending. What i need is someone like Nicole in my social circle (triangle) to set a good example and ideally to slap me everytime i try to spend 😅.
You can ask someone in your circle to do that for you. You just need to remember you asked them to that when they smack you.
Is mint mobile available in ontario? It's asking me for a Zip code.
USA only I’m afraid
Nicole why can’t we get Mint mobile here in Canada. I live in Newfoundland and have Telus and my husband and myself pay 176.00 a month. Have been with them for years. Before Telus was Rogers. Seems we’re getting ripped off in Canada.
DM Ryan Reynolds and ask him.
Great video Nicole
Love, love, love your channel ❤
Xxx brand in uk washing powder depending on shopfloor varies from 4.99 to 8 pounds the same size so other day brought 1 pound soap and hsndwash reckon it will last 3 to 4 times washing all clothing ie once a week
When your insurance companies hike your rates, call them first and see if there's a way to lower your bill (without lowering your coverage). Sometimes it works and you can stay with that company but also, when you do have to switch to save, your old company will get the message. My car insurance company hiked my rates and wouldn't budge but my home owner's insurance company (who now has my car insurance business) will often find a way to save me money. It's worth the phone call.
Nicole, did you invent that saving game? It's very clever.
Nicole, I ❤ this so much as I have my own that I do but I’m about to add a few of what you have mentioned 😂 thank you 😊
If you pay in cash, you spend less. Pay bills online and everything else budget in cash. At the end of shopping, put all loose change in an apple cider jug. By the time the jug is full you should have over $100. It's painless as you never miss the small change. This is how an old boyfriend and I saved for day trips and mini vacays, which are also an alt to expensive trips.
I like the buy everything twice = savings
Can you do a video helping us plan a no-buy 2024 year?
Also, when evaluating ‘money saving’ tips use the how many hours philosophy. For instance, I often see the tip, dry your clothes on a clothesline. Well, it takes about 2 hours of your time to hang up the clothes, then again, about another 2 hours to take the clothes off the line. That’s 4 hours work. If you make $20 at your job then you’ve just ‘spent’ $80 of your work/time money on drying clothes. Where’s the savings in that? I’ve read that it only costs 50 cents to run your dryer for 1 load. Instead of hanging my clothes to dry I have a jar set up next to my dryer and every time I run the dryer I put a 50 cent iou into the jar. Once a month I take all the IOU’s out of the jar and transfer that money amount into my savings/investing account. Some videography suggestions: put your camera a little higher up, so we are either looking straight on at you, or we are looking a little bit down toward you. That’s how the professionals do it. It’s distracting to look upwards at your face from below. Also don’t be afraid to put on a little eye liner, you don’t need much, but your eyes get lost there. They are your biggest helpers in facial micro expressions that emphasize your points. And slow down, practice off camera giving your talks at a slower speed. You talk very fast and it can be hard to follow. You make great points. Let your body language help you emphasize your points. Hope this is helpful
@@Mayafurie Most people already have a dryer. To save on cost of clothes wash and dry them inside out, it protects the outer surfaces of clothes and the more soiled part of clothes, usually, is the part next to your skin, which becomes soiled by your body oils. I dry almost everything on delicate to minimize wrinkles and fluffs stuff nicely. If you don’t like the delicate setting then use a low heat setting. The heat is what damages clothes.
I shop with my time and keep a larger goal in mind. Couple it with a realistic, but still tight budget, saving becomes easy. I do have an extremely cheap living situation though, that might help..
Great tips! I do the pay in time tip naturally. That makes my impulsive buying a lot less appealing. Paying in hours on a moments urge no thanks
I donate blood to earn reward points. Then i cash out the rewards for coffee or Amazon. Win win.
This young women is unstoppable….with her mental focus she could rule the world.
I just ❤ your channel!! So happy i found a canadian youtuber who provides great quality content. Always super helpful and fun to watch.
It's like pets
We go to pet discount shops for worm/ flea tabs or online under 10 pounds but if go vet about 60 pounds
Hairbrush worn don't throw it
Disinfect it and use for sweet pets for brush coats
A big thing I've done is I've opened up another bank account That's relatively far away and don't have my debit card and I have my employer take 10% of my paycheck and put it in that account. So if I really need the money I have to drive over an hour away to get it out
I have specific savings goals and simply pay myself first. As soon as a I get paid, the allocated amount goes to either stocks or my money market.
Are you using a teleprompter? You are so well spoken and on point…
refreshing tips... thanks for sharing them Nicole! love from Brazil 🇧🇷
I was faithful to my car insurance company. About 40 years but moved south a few years ago and insurance kept going up. And I was living in a rural area with one tenth the population. Found an insurance company for my motorcycles first for half of what I was paying. Next the cars were coming due and the same company saved me two thirds on my car and truck! Awesome!! Next month I will be switching up my homeowners insurance. If the same company can provide for my home with the same coverage and a fifty percent savings I will be ecstatic!! Can't wait to hear the quote!!
And the topper of all this is my previous insurance man never lifted a finger to counter offer or help with looking for savings.
I already told him the house insurance will most likely be changed in the winter and all he could say was just let him know as I did with the others ...... a few weeks before the policy runs out!! Just crazy!!
I had no claims for about 20 years too.....it wasn't like I was a big risk or anything!! Maybe it was a fourty year waste being loyal .
Should have looked around sooner!!
In Australia, Insurance companies simply do not care if they lose you. As you said, they do nothing and don't even ask you why you are moving your policy - they are making SO much money.
Here it used to be if you didn't have any car claims or accidents you were rewarded with a lower premium next year, now if you question why your premium has skyrocketed when you've never claimed, they tell us that we pay for all those who do claim...
pardon😳.
Nicole< you are the best!
Credit cards on minimum auto pay, so the payment gets made no matter what. Pay them off each month if possible. My Sonos upgrade discount and resell old gear. Tablet and phone always trade in. Mint customer 5+ years. Sonos, phone, tablet I use constantly. Debt free paid off house 3 vehicles.
You're so right about the emotional aspect of overspending! But the dog video, poor taste.
clutch your pearls.
Yeah b-rolls can be betta, not a fan of animals fkng or diggin parts so randomly and without warning.
Don't ask for comments if you don't wanna read people's honest opinions.@@AccordingtoNicole
I gotta admit they’re pretty good tips 👍
could you make an in depth video on student loan/university dept, and how its all a big scam? I'd love to hear your perspective
I mention university in my “5 scams” video from a few weeks back.
I don’t think I could make a full video about it. I never went to uni and don’t know enough about it.
one thing I do that's fun is where I track my spending in a spreadsheet, I also track any savings - if I use a coupon, if something is on sale - a lot of grocery stores will give you the amount you save on your receipt. then I add that amount up and put it in my savings account. that way, not only did I not have to spend that money due to the discount, I also actually "saved" it.
Good video
Honestly Nicole you have to find a way to get your message out to young people - it would be life changing for them and they’d listen to you.
Nicole needs to be a motivational speaker and tour high schools.
I agree !!!!! Nicole would get thru to them for sure because she's been poor and also because she's down to earth and right to the point. I came across your video not long ago and I love them Nicole !!! Thanks.
You are so intelligent
That's the best idea I've heard from anyone. If you don't have the $1000 dollars to put in savings; you can't afford the $1000 non-essential item.
Good advice here Nicole. One thing I do is put money in my high yield savings account as soon as I get paid. Also, know how much interest your bank or CU ( even better) is paying on your money. If it’s not at least 5%, put it somewhere else. Finally, I love Mint ! Just paid a year in advance for less than 1/3 of what I was paying my old carrier.
A compounding interest calculator is fun. It's a toy I play with when I'm deciding if I want to pay down the principle on my mortgage.
After 5 years at 6% interest $500 BECOMES ...
669.11!
Yes, and has purchasing power of ~$465.30
@@justb4116 what does?
@@justb4116 what does?
Hi Levi!
Nice to meet you, I wish we had Y-Tube and videos just like yours to watch 30 years ago and not following what our family or friends were doing. Now for the last 10 years, I'm trying to save up for a better retirement. Better late than never as they say....
You're awesome 😊