Back in the day, every payday triggered stopping at a restaurant to pick up dinner after work. So glad I work from home on payday now so I don’t drive past any restaurants
Working from home saves money in so many ways: not just the impulse restaurant shopping but less impulse shopping in general because you driving past stores, less money spent on gas, less eating out for lunch, etc.
I have $20 withdrawn from my check automatically. My biggest problem is buying fast-food, even though I meal prepared for the week. That's because am a cook and when I get home, I don't feel like being on my feet and am tired.
Ohhhh yeah, you hit on my comment about the gas station pre work food on your last vid. "it's only $2." "its only $7." Your story is the same as mine. I'm shook but now more determined to keep on the savings track. I put $20/week into savings but I just had an 8 month long $50/wk taken from my check. I'm planning on putting that money now into my savings. I got used to going without that $50, so now it'll be $70 a week and wow. It'll add up fast. Also I'm getting 8 hrs of overtime now and then and it'll be $19.89 an hour for those so that's going into savings also. And here I thought I could only save $20.
Yes, it adds up quickly! I love the idea of allocating the extra money for savings once a financial obligation ends. I heard of someone who continued to make payments to themselves after paying off a car, allowing them to pay for the next car with cash.
I'm organizing my home into bins, everything else is being decluttered. All of those bins are costing me money, but freeing up so much time looking for stuff. Time is money.
Great information I just started paying myself about six years ago an emergency arose so I had to use that money but I restored what I had saved 🙌🏽🙌🏽 I continued that same momentum of paying myself today 💪🏽💪🏽👍🏾👍🏾
I had just saved up $2000 but turned around and spent it on a Moped. Was just so tired of taking the bus to work. I feel like I got a good deal because of my 0% apr intro offer on a new credit card. So Im able to pay over time but yeah I got to get back on the horse with saving again. If anything this has intensified my desire to save more and quicker.
For me, a potential spending trigger is anything that makes me feel like the thing I want is scarce. Things like a sale can make me feel like I need to buy something now, or I'll have to buy it full-price later. Also, inflation makes me feel like I have to buy things sooner or they'll go up in price.
Inflation is a huge spending trigger to me, especially electrics inflation. I just bought a Switch OLED because I found it at a gaming store for it's normal retail price of $350 where EVERYWHERE ELSE it's $400-$450+. I originally wasn't planning on spending that money, but then I found it and went "I've been looking for months" and got it. Another trigger I found was when I find something cheaper in person than what I found online.
It's as if you knew I was checking the page for new video! As always, gretefull to hear those wise words that I'll try to incorporate in my day to day life.
Another excellent Video! I have not had the chance to comment and like much lately because I have been watching most of your videos on UA-cam TV. Once again...great advice and keep up the great content Queen!!!!!
Thank you, these are excellent comments to help any person improve their ability to save. I fully agree that, it is very important to pay yourself "first". However, this starts even before you get each paycheck. If you work for an employer that has a definded benefit retirement plan then, this amount comes right out of your check. Next, if your employer offers a 403 (b) retirement plan or a 401 (k) retirement plan then, this amount should also come directly out of your pay check (without being taxed) and if, no retirement plan is available then you need to open up a Roth IRA account and fund it each month. For each of these retirement accounts your money needs to go into the stock market (for long term growth gains throughout future decades). So, what goes into your savings spending account, should really be about 5 to 10 percent of your take home pay. With the future goal of turning some of your saved money into none retirement based wise investments (smile...smile).
Definitely a good idea to pay yourself first!. I have separate savings account for my daily/monthly expenses and one for long-term savings. I just direct deposit a specific amount to my long-term savings every paycheck and the rest go to my regular savings, so I do not even see the money. An online saving account pays a better interest rate also.
Can you make a video and the pros and cons of paying off mortgage early. I have a fully paid off rental property and am paying off my primary residence mortgage now and making extra payments towards principal. There is nothing like peace of mind with a fully paid off mortgage. Any insight you could provide would be helpful. Thank you
I have a video that talks about this. The main topic is how to pay it off early, but I also dive into the pros and cons toward the end. ua-cam.com/video/fVUuxBLPLs4/v-deo.html
Great video! I would like to know other than your stable income- extra money you main from gifts or selling items etc where you would you allocate this if you were following the 50/20/30 rule for example. Would you seperate the money and break it into the categories and pay yourself that way or would you put it all in splurge or put it towards a certain financial goal to complete that quicker?
If you don't need the extra money for expenses, it could go toward saving and debt repayment, or put toward fun/wants. I've known people who started side hustles for the sole purpose of earning money to enjoy more experiences.
love your videos, you always give great advice. I use to pay myself last and of course that never worked out well, as I did not save the amount I intended to. Now my saving skills are such that I ensure I have an emergency fund, have no debt and do not need to use my debit card. My joy in life is having at least one holiday abroad, two if I really plan and save well.
Hey, you have someone impersonating you on here in comments!! Using your pic and wanting ppl to join a financial thing. I posted a comment earlier on here that starts with "Ohhhh yeah, you hit on my comment about...." and the impersonator commented under that. They're posting on a lot of comments. You may want to warn your viewers asap!!!
@@thebrokenwallet nope. You posted this 2 days ago and they replied the same scam bs 13 hrs ago above my comment here as of me writing this. Could be a new channel doing the same crap. Ugh I'm so sorry this is happening. I HIGHLY suggest to do a video letting people know you don't do any cash apps or ask for money etc. Let them know this is your only channel, for subscribers to ignore and report all scam comments using your picture or name, etc. They're saying Thanks for watching and to send a msg to the cash app/whats app number in their user name for consultations and enquiries. I hate scammers. :(
I can’t stress enough the importance of having an automatic savings! Even if it’s $50 from your paycheck, it’s still contributing to your savings and it will build over time. And if you have to break into the savings, make sure it’s for something you need, not an impulse purchase.
I totally feel you on this..... being a pizza delivery driver I've set up a system where anytime I'm holding 100+ in cash tips I drop it into my savings..... it may not seem like much, but it has added up and given me a cushion for when life happens..... thankful to say I haven't had to dig into it lately, but always nice to know it's there if I do need it
Back in the day, every payday triggered stopping at a restaurant to pick up dinner after work. So glad I work from home on payday now so I don’t drive past any restaurants
Yep!!!!
Working from home saves money in so many ways: not just the impulse restaurant shopping but less impulse shopping in general because you driving past stores, less money spent on gas, less eating out for lunch, etc.
I feel seen 👀
boredom and social media are my main culprits for triggering me to shop D:
I have $20 withdrawn from my check automatically. My biggest problem is buying fast-food, even though I meal prepared for the week. That's because am a cook and when I get home, I don't feel like being on my feet and am tired.
Scammer
Ohhhh yeah, you hit on my comment about the gas station pre work food on your last vid.
"it's only $2."
"its only $7."
Your story is the same as mine. I'm shook but now more determined to keep on the savings track. I put $20/week into savings but I just had an 8 month long $50/wk taken from my check. I'm planning on putting that money now into my savings. I got used to going without that $50, so now it'll be $70 a week and wow. It'll add up fast. Also I'm getting 8 hrs of overtime now and then and it'll be $19.89 an hour for those so that's going into savings also. And here I thought I could only save $20.
Yes, it adds up quickly! I love the idea of allocating the extra money for savings once a financial obligation ends. I heard of someone who continued to make payments to themselves after paying off a car, allowing them to pay for the next car with cash.
The spending trigger was definitely me for a while. It would turn on and off. Now I have figured what it was and had to fix it.
"A year from now, you'll wish you had started today" - Karen Lamb
I'm organizing my home into bins, everything else is being decluttered. All of those bins are costing me money, but freeing up so much time looking for stuff. Time is money.
I wish someone had told me to take out my savings first, when I was younger. SHARED with family, students and friends!
This is such good information. Thank you! And I have to add that that shade of blue looks beautiful on you!
Glad it was helpful! And thank you!
Great information I just started paying myself about six years ago an emergency arose so I had to use that money but I restored what I had saved 🙌🏽🙌🏽 I continued that same momentum of paying myself today 💪🏽💪🏽👍🏾👍🏾
Thank you so much for your tips. I have really changed my spending habits watching you
You are so welcome!
I really enjoy your videos, BTW this is a beautiful sweater.
Thank you so much!
The information on your posts are always relevant and a highlight to my Saturday mornings. Thank you for the practical tips.
You are so welcome!
Thank you so much! This was so helpful.
I had just saved up $2000 but turned around and spent it on a Moped. Was just so tired of taking the bus to work. I feel like I got a good deal because of my 0% apr intro offer on a new credit card. So Im able to pay over time but yeah I got to get back on the horse with saving again. If anything this has intensified my desire to save more and quicker.
Helpful insights, thank you!
For me, a potential spending trigger is anything that makes me feel like the thing I want is scarce. Things like a sale can make me feel like I need to buy something now, or I'll have to buy it full-price later. Also, inflation makes me feel like I have to buy things sooner or they'll go up in price.
Inflation is a huge spending trigger to me, especially electrics inflation. I just bought a Switch OLED because I found it at a gaming store for it's normal retail price of $350 where EVERYWHERE ELSE it's $400-$450+. I originally wasn't planning on spending that money, but then I found it and went "I've been looking for months" and got it.
Another trigger I found was when I find something cheaper in person than what I found online.
If you're interested, I think a video on you're recommended sources for learning about finances (books, websites, etc.) would be interesting
Thanks for the idea. I have a similar video from last year, but it might be time for an update.
'Living below your means is one of the biggest gift you can give to yourself', without which you can't save.
Great advice 💯
Appreciate that
Beautiful sweater ☀️
Thank you!
It's as if you knew I was checking the page for new video! As always, gretefull to hear those wise words that I'll try to incorporate in my day to day life.
Thank you!
You rule ✅💟❤️
I've learnt so much from you , thanks 🙏
You are so welcome
Another excellent Video! I have not had the chance to comment and like much lately because I have been watching most of your videos on UA-cam TV. Once again...great advice and keep up the great content Queen!!!!!
You look so pretty in blue! You are so wise..thank you!
Ikr Vicki! She’s killing that sweater 💯
Thank you too!
As always great info. Thank you so much!
Our pleasure!
Thank you, these are excellent comments to help any person improve their ability to save. I fully agree that, it is very important to pay yourself "first". However, this starts even before you get each paycheck. If you work for an employer that has a definded benefit retirement plan then, this amount comes right out of your check. Next, if your employer offers a 403 (b) retirement plan or a 401 (k) retirement plan then, this amount should also come directly out of your pay check (without being taxed) and if, no retirement plan is available then you need to open up a Roth IRA account and fund it each month. For each of these retirement accounts your money needs to go into the stock market (for long term growth gains throughout future decades). So, what goes into your savings spending account, should really be about 5 to 10 percent of your take home pay. With the future goal of turning some of your saved money into none retirement based wise investments (smile...smile).
Love all ur videos 🤩
Thank you!
Thanks great advice
My pleasure!
Good points, thank you!
My pleasure!
I love this content
Thank you
You're welcome!
Definitely a good idea to pay yourself first!. I have separate savings account for my daily/monthly expenses and one for long-term savings. I just direct deposit a specific amount to my long-term savings every paycheck and the rest go to my regular savings, so I do not even see the money. An online saving account pays a better interest rate also.
True. The last time, I checked American Express Bank was paying about 0.5 percent annual rate for interest on savings.
Can you make a video and the pros and cons of paying off mortgage early. I have a fully paid off rental property and am paying off my primary residence mortgage now and making extra payments towards principal. There is nothing like peace of mind with a fully paid off mortgage. Any insight you could provide would be helpful. Thank you
I have a video that talks about this. The main topic is how to pay it off early, but I also dive into the pros and cons toward the end. ua-cam.com/video/fVUuxBLPLs4/v-deo.html
Wonderful information here. Glad to have discovered you at the beginning of this year. Am more in control of my finances now❤️
Wonderful! Thank you for watching!
Great video! I would like to know other than your stable income- extra money you main from gifts or selling items etc where you would you allocate this if you were following the 50/20/30 rule for example. Would you seperate the money and break it into the categories and pay yourself that way or would you put it all in splurge or put it towards a certain financial goal to complete that quicker?
If you don't need the extra money for expenses, it could go toward saving and debt repayment, or put toward fun/wants. I've known people who started side hustles for the sole purpose of earning money to enjoy more experiences.
I like that you come on weekly because any time I’m about to have a weak moment I’m reminded of my goals….being debt free
love your videos, you always give great advice. I use to pay myself last and of course that never worked out well, as I did not save the amount I intended to. Now my saving skills are such that I ensure I have an emergency fund, have no debt and do not need to use my debit card. My joy in life is having at least one holiday abroad, two if I really plan and save well.
Thanks for sharing!!
I will be getting a raise, and I would like to know should I put it on debt, emergency or in savings. HELP
If you don't have anything in savings, I would save a small emergency fund first, and then focus on debt repayment.
Hey, you have someone impersonating you on here in comments!! Using your pic and wanting ppl to join a financial thing.
I posted a comment earlier on here that starts with "Ohhhh yeah, you hit on my comment about...." and the impersonator commented under that. They're posting on a lot of comments. You may want to warn your viewers asap!!!
Thanks for the heads up, I was able to block the user.
@@thebrokenwallet nope. You posted this 2 days ago and they replied the same scam bs 13 hrs ago above my comment here as of me writing this. Could be a new channel doing the same crap. Ugh I'm so sorry this is happening. I HIGHLY suggest to do a video letting people know you don't do any cash apps or ask for money etc. Let them know this is your only channel, for subscribers to ignore and report all scam comments using your picture or name, etc.
They're saying Thanks for watching and to send a msg to the cash app/whats app number in their user name for consultations and enquiries.
I hate scammers. :(
I can’t stress enough the importance of having an automatic savings! Even if it’s $50 from your paycheck, it’s still contributing to your savings and it will build over time. And if you have to break into the savings, make sure it’s for something you need, not an impulse purchase.
I totally feel you on this..... being a pizza delivery driver I've set up a system where anytime I'm holding 100+ in cash tips I drop it into my savings..... it may not seem like much, but it has added up and given me a cushion for when life happens..... thankful to say I haven't had to dig into it lately, but always nice to know it's there if I do need it
50$ a paycheck is what I do. I need to up my game though
Please View.
You speak too fast.