Thank you for talking about it!! My mother has been pressuring me to buy a car because i can afford it. But i actually want to find a way to make extra money before i buy a car. I am salary rich bcoz 50% of my income covers all the expenses but i know that if i were to buy a car or move to the city my disposable income will decrease dramatically and i will get caught in the cycle of not feeling like i make enough!!! Hopefully by december i can get my idea started!!!
I definitely got duped by the "Salary Rich" phase and I have been feeling the pressure since my expenses have gone up. I definitely learned from this video and see the need to unlearn unhealthy budgetless spending habits. 🙏🏾
I've been learning this on how to manage my money, 1. I cut my parents out from black tax and told them I shouldn't be their financial scapegoat from their debt orders they must find their own way to pay them off, 2 buying everything cash I need that I won't have to buy again in the next five years, 3 I'll start saving money proper next year but now I've given myself a timeline to buy everything cash from furniture to cellphone and my only debt should be my apartment.
🙈 ya I felt this one. All my "bad" financial decisions were made for today then. Now I am living the consequences. The danger of making financial decisions emotionally. Thank you CC.
I was thinking about a car the other day and I said no since I made the decision last year to take a bond. Even though I have an excess of R4000 monthly I still need to factor petrol and maintenance. So it doesn'take sense to me. So I would rather pay my debts first and save towards the deposit of a car. And it won't be a new car.
Me and you are in the same boat, I want a car but really its not much of a need considering that I might not have any money left plus I have a son so I might not be able to cover unexpected costs
Same boat passenger here, I decided to build,now Im saving for a car, and it will be second hand and most likely to be cash too. I want my salary to BREATH so it can do well in life...
Thanks Nicolette, cheers to saving and investing🍻. Been watching your videos ever since 2019 (before I had a proper job) so when I got a proper job I already had my priorities in order regarding my finances thanks to you. You’re the best. 💪🏽😅 Edit: Hi Nicolette, just finished reading your book and wow, I am amazed. Thank you once again. By the way, may you please make a video explaining how the FNB global account works?
I wish I never learnt bad habits when I used to be Salary Rich, now I'm swimming a pool of Debts (Bond, Vehicle Installments, Loan Repayments, Living Expenses) 😢😢 Wish there was a financial life reset button
Tjooooo Nicolette this was both Chastising and even Teaching Thank you. I love the practice of " Do a Weekly Stipend Budget" New One to me Thank you and Good Morning of these Teachings thougb Biiter to swallow.
Lol I heard you saying that "an idling money is used money" and took everything to my emergency account after paying myself first of course. This video just made my to realize why sometimes I run back to the "emergency account" (which I become smart with it though. I am my own mashonisa. Should I take money out from that emergency account, I return it with an interest 😂) so I run back to the emergency account because I never think of the remaining three weeks before pay day. Damn! 🙆🏻♀️ Budget strategy needs to change. As always, thank you Nicolette for the insight 🤭💐
I have a buffer under the needs part in my budget. Money to spend during the 3 weeks if I need to. If it’s still available on the next payday it goes into my emergency savings. It really helps a lot.
Beautiful advice' i said a similar thing to a friend, that if you see your salary finished every moth without and backup, We are also "I blew it" if you cant manange rands and cents, whos going to teach you to manage hundred and thousands, cause wow!
Hi Nicolette , i hope you are well , regarding that video of vehicle finance , there is a guy who was robbed by a reputable dealership where he lost his R 40 000.00 Deposit and it does not look like the dealership is going to refund him is there anyway you can please assist or refer him to someone who can assist sorry to bombared you like this
@nicollete this is so profound bitter truth most don't wanna hear thank you for the reminder it's indeed very important to live below our means indeed nothing happens overnight ❤️🙏🙏
🤦♀️🙆♂️🙈😭Nicolet, that's the mistake I made as, I am in that situation. You're talking about me here. Please help me go be out of the situation or how must I do now. I had 5000 that I was so flexible with to spent everymonth, but now I bought a car for 4500incl insurance. Now I don't have anymore the money to carry me for a month till I get paid. I now always stressed and I can't even buy takeaway for my kids nothing from savings
Eish yah neh so am where I am right now BECAUSE I thought I had money but actually I was salary rich, now my disposable money is (-) negatives I wish I got this teachings back then when I started working😒
I don't think its wise for you to encourage putting large deposits down on cars if you consider that it is a loss in your accumulated income and that a car is depreciating. Better appropriation of this rule may be to put a large deposit into a property because that way the money isn't lost. Just a thought.
Not everyone is into property and not everyone is going to buy property some have already built their own homes. Also a deposit helps to lower your monthly installments which is the point to lower your debts.
Would you recommend someone to pay off the baloon payment earlier (3 years b4 paying off the car) for example if you have some money saved enough to pay off the baloon
Hi cc definitely consider that especially if you planning to keep your car and not trade in, I had all six years to plan what to do with balloon payment but didn't now iam done with installment n have to re-finance balloon which will come with interest and probably another 12months to pay. If you can afford you can also ask them to do a quote and spread the balloon amount to the remaining installments
@@preciousprecious7581 I want to keep the car for years after ,so it only makes sense to pay the baloon now with the money I have since I don't have any projects planned for the money
The decisions I made have left me almost at a search for debt counseling. I cannot even afford ice cream. Every credit card application rejects me. Even Jet 😭 I pay loans with loans 😔
When your initial payout of R1000 turns to R4's worth . . . Your worth is determined by your choices necessities of compensation for lack of privileges being excessive expenses - self awareness is key . . . 💐
I will thank you in 2 years time. You are the reason I have started drafting a budget. Never before have I had a great mentor like this. I am going to pay myself for the first time in 2 weeks time. I will start with R1000. I will be judged as saving for grooving, but my statement report will be my witness later on. Thank you sis'Nicolette 😊
This video changed my life. Now people think I've changed😂 because I stopped the abuse and misuse ! I was salary rich but the change made me realize I had a poor money mindset.🎉
Wish I could get my sister to see this🥲 It's all about going out with friends and forgetting she's got bills to pay for herself and then come crying to everybody else😪
Thank you for talking about it!! My mother has been pressuring me to buy a car because i can afford it. But i actually want to find a way to make extra money before i buy a car. I am salary rich bcoz 50% of my income covers all the expenses but i know that if i were to buy a car or move to the city my disposable income will decrease dramatically and i will get caught in the cycle of not feeling like i make enough!!! Hopefully by december i can get my idea started!!!
Well done for resisting the pressure. When the time comes, you can also explore buying a used car which is in good condition or buying from an auction
I definitely got duped by the "Salary Rich" phase and I have been feeling the pressure since my expenses have gone up. I definitely learned from this video and see the need to unlearn unhealthy budgetless spending habits. 🙏🏾
I've been learning this on how to manage my money, 1. I cut my parents out from black tax and told them I shouldn't be their financial scapegoat from their debt orders they must find their own way to pay them off, 2 buying everything cash I need that I won't have to buy again in the next five years, 3 I'll start saving money proper next year but now I've given myself a timeline to buy everything cash from furniture to cellphone and my only debt should be my apartment.
🙈 ya I felt this one. All my "bad" financial decisions were made for today then. Now I am living the consequences. The danger of making financial decisions emotionally. Thank you CC.
Girl I'm with u but we learn by making mistakes. 😐
I was thinking about a car the other day and I said no since I made the decision last year to take a bond. Even though I have an excess of R4000 monthly I still need to factor petrol and maintenance. So it doesn'take sense to me. So I would rather pay my debts first and save towards the deposit of a car. And it won't be a new car.
Me and you are in the same boat, I want a car but really its not much of a need considering that I might not have any money left plus I have a son so I might not be able to cover unexpected costs
Same boat passenger here, I decided to build,now Im saving for a car, and it will be second hand and most likely to be cash too. I want my salary to BREATH so it can do well in life...
Budgeting for week 🤣This is so true
Thanks Nicolette, cheers to saving and investing🍻. Been watching your videos ever since 2019 (before I had a proper job) so when I got a proper job I already had my priorities in order regarding my finances thanks to you.
You’re the best. 💪🏽😅
Edit: Hi Nicolette, just finished reading your book and wow, I am amazed. Thank you once again. By the way, may you please make a video explaining how the FNB global account works?
You have poured your heart out sisters. It's all up us now to shape up or ship out
Three weeks, You are 100% right. I'm still working on cutting out wants on my salary
I wish I never learnt bad habits when I used to be Salary Rich, now I'm swimming a pool of Debts (Bond, Vehicle Installments, Loan Repayments, Living Expenses) 😢😢
Wish there was a financial life reset button
Tjooooo Nicolette this was both Chastising and even Teaching Thank you. I love the practice of " Do a Weekly Stipend Budget" New One to me Thank you and Good Morning of these Teachings thougb Biiter to swallow.
You nailed it my sister. Thank you a lot for putting this out nicely.
You are well informed and You are changing my life everyday. Thank You
Brilliant one, you tackled silent problems this time👏🏾👏🏾
Thanks Nicolett , I think I was able to save when I was an intern. N I can relate with the salary rich.
Lol
I heard you saying that "an idling money is used money" and took everything to my emergency account after paying myself first of course.
This video just made my to realize why sometimes I run back to the "emergency account" (which I become smart with it though. I am my own mashonisa. Should I take money out from that emergency account, I return it with an interest 😂) so I run back to the emergency account because I never think of the remaining three weeks before pay day.
Damn! 🙆🏻♀️
Budget strategy needs to change.
As always, thank you Nicolette for the insight 🤭💐
The budgeting for 3 weeks thing was also an eye opener for me😱 Because I would do what you said you've been doing 😓I quickly need to unlearn that ‼️
I have a buffer under the needs part in my budget. Money to spend during the 3 weeks if I need to. If it’s still available on the next payday it goes into my emergency savings. It really helps a lot.
So true and this ignorance i've experienced and close to retirement with no savings hope one starts young.
Beautiful advice' i said a similar thing to a friend, that if you see your salary finished every moth without and backup, We are also "I blew it" if you cant manange rands and cents, whos going to teach you to manage hundred and thousands, cause wow!
I'm guilty of this 1 week budget😂😂😂
I am actually laughing at myself yoh wena hle "We budget for a week" I think that is me at times. I need to be more realistic hahahahah
Wow you were sharing nuggets there.I have learnt to budget for every week.Putting stipend for every week.
Hi Nicolette , i hope you are well , regarding that video of vehicle finance , there is a guy who was robbed by a reputable dealership where he lost his R 40 000.00 Deposit and it does not look like the dealership is going to refund him is there anyway you can please assist or refer him to someone who can assist
sorry to bombared you like this
This was very Educational. Thank you sis❤❤❤
Very wise as always 👌
@nicollete this is so profound bitter truth most don't wanna hear thank you for the reminder it's indeed very important to live below our means indeed nothing happens overnight ❤️🙏🙏
Love your energy my sister.
🤦♀️🙆♂️🙈😭Nicolet, that's the mistake I made as, I am in that situation. You're talking about me here. Please help me go be out of the situation or how must I do now. I had 5000 that I was so flexible with to spent everymonth, but now I bought a car for 4500incl insurance. Now I don't have anymore the money to carry me for a month till I get paid. I now always stressed and I can't even buy takeaway for my kids nothing from savings
I even bought a house by listening to your advice for the past three years now. Thank you sisi for your help ❤
I recommend Dave Ramsey for this situation. He will tell you to make some hard choices though, so make sure you are ready.
@@mvuyisijezile8064 thank you I am checking on him now dear
Sell the car
Seems like the car was a bad decision for now. Absolutely nothing wrong with returning it, the aim is to afford life and be less stressed.
Well said 👍
this got me thinking, a lot indeed financial problems do not happen overnight .
I feel attacked mawee
You're amazing!
Eish yah neh so am where I am right now BECAUSE I thought I had money but actually I was salary rich, now my disposable money is (-) negatives I wish I got this teachings back then when I started working😒
Nice
Thank you soo much for this video ❤️❤️❤️
Great title...I'm all ears!
Ijo did this not hurt and hit all the right spots bathong! Nnete fela!
Loved this video.
Thanks for your advice
After watching this video I feel like I should go buy 3 beers to say goodbye to my bad habits
Thank you Ngwaneso👏
I don't think its wise for you to encourage putting large deposits down on cars if you consider that it is a loss in your accumulated income and that a car is depreciating. Better appropriation of this rule may be to put a large deposit into a property because that way the money isn't lost.
Just a thought.
Not everyone is into property and not everyone is going to buy property some have already built their own homes. Also a deposit helps to lower your monthly installments which is the point to lower your debts.
yimi loyo a pay check away from full disaster
Truuuueee!
Yho both scenarios fit me to a t..😱
Would you recommend someone to pay off the baloon payment earlier (3 years b4 paying off the car) for example if you have some money saved enough to pay off the baloon
This is a great question
Hi cc definitely consider that especially if you planning to keep your car and not trade in, I had all six years to plan what to do with balloon payment but didn't now iam done with installment n have to re-finance balloon which will come with interest and probably another 12months to pay. If you can afford you can also ask them to do a quote and spread the balloon amount to the remaining installments
@@preciousprecious7581 I want to keep the car for years after ,so it only makes sense to pay the baloon now with the money I have since I don't have any projects planned for the money
Damn I got me thinking
I don’t even have a salary
DC++😅
Hi how do i go about to get financial couching?
That’s me😪
💯
great video!!!
what is dc++ ?
It was an internal network where students could download movies, series etc
Hi Sisi
What does one need to do if she would like for you to mentor them? Financially?
I unfortunately can’t mentor. I don’t have the skill. I’m so sorry. Hope I can help in other ways
I unfortunately can’t mentor. I don’t have the skill. I’m so sorry. Hope I can help in other ways
What can I do to assess your financial business services?
@@FinancialBunny makes sense. Thank you
What a hit come back Video,this truth is this video hurts to the core🥲🥲
I'm a paycheck away from poverty strues!
The decisions I made have left me almost at a search for debt counseling. I cannot even afford ice cream. Every credit card application rejects me. Even Jet 😭 I pay loans with loans 😔
The 1 week vs 3 weeks budget and the credit card coming out to cover the 3 weeks HIT HARD. Lesson: Budget for every week.
When your initial payout of R1000 turns to R4's worth . . . Your worth is determined by your choices necessities of compensation for lack of privileges being excessive expenses - self awareness is key . . . 💐
I will thank you in 2 years time. You are the reason I have started drafting a budget. Never before have I had a great mentor like this. I am going to pay myself for the first time in 2 weeks time. I will start with R1000. I will be judged as saving for grooving, but my statement report will be my witness later on. Thank you sis'Nicolette 😊
This video changed my life. Now people think I've changed😂 because I stopped the abuse and misuse ! I was salary rich but the change made me realize I had a poor money mindset.🎉
I'm starting to budget for the other 3 weeks.
Tjo! Hay sisi , hay hay hay uy'tye yonke 100% on point. These are facts.
Your 📷 is top notch
Thank you so much! I learned a lot,
Lol thank you for remembering your youtube channel sisi👌❤️Great video always 😌
Where can i find the book?
Thank y so much
I am guilty of no 2...
Thank you
How do I buy your books?
On Takealot
@@FinancialBunny 😊 thanks
Wish I could get my sister to see this🥲 It's all about going out with friends and forgetting she's got bills to pay for herself and then come crying to everybody else😪