Set aside first some amount, lets say for example 2,000 dollars as an emergency fund. Then continue as you very well said into saving at whatever level you have committed. Then when a true un-budgeted emergency pops up, such as a major car repair, you can deal with it and not have to interrupt your committed savings plan. Next, commit to rebuilding the emergency fund without disrupting your committed savings plan. You will be so happy you had the emergency fund when needed, you will save any pennies possible to have it available for the next future emergency arrises. They always come, just unannounced. :-)
1. Putting your money into savings first. 2. Make a Shoping list before shoping. 3. Wait a period of time before purchasing something. 4. Slash Expenses 5. Budget and stick to your budget.
The makeup and fashion industries are extremely unethical and detrimental to our environment so it's really good that you aren't supporting those businesses anymore.
Eating out is definitely the biggest pitfall for me! I’ve been really cutting down though and it’s actually been kind of nice to come up with new meal ideas and I’m starting to realize I’m not as horrible of a chef as I thought!!😂
alltherad lol this is so me now during COVID! Our grocery budget is higher cuz the eating out budget is absorbed into the grocery bills so I’m not necessarily saving money, but we are more intentional on what we buy and Fresh Food is so good (and good for us) 😎 who knew rice & beans is amazing flavored with garlic & lime juice - game changer!
I started budgeting in August and honestly can’t see myself ever not budgeting. It’s amazing knowing exactly where your money is going, and being able to actually save every month.
We live in the US. I am a student and my husband works fulltime and we save over $1K/month too! We are big Dave Ramsey fans and have a strict budget that allows us to still live comfortably while saving for our future. I love your channel! Keep up the good work Ashlynne! :-)
first you need to earn more than 1k to save 1k :D but good tips overall. making a savings account was the biggest gamechanger for me. i always pay myself first and whatever is left in my spending account at the end of the month i either spend on the items i have to replace or that money goes in a savings account as well
That’s awesome! And $1000 was a bit of an arbitrary number. The point is more to dedicate a significant percentage of your income to savings and to make it a priority. Depending on your income, definitely adjust it to save more or less ❤️
@@lelexoxo303 Oh wow that's FIRE indeed! I guess it also depends on how much you get paid and whether you have any dependants. Personally I feel like creating multiple streams of income is critical.
Every time my husband and I got a raise we calculated how much extra money it would be on our check then had that amount direct deposit into our savings account we our still living on the same amount of income from 2004. You learn to live with what you have and not over spend.
A good shoemaker can work wonders on your shoes and help you avoid the need to replace them. Well worth it. Mine has also repaired handbags for me and done a stellar job with them.
We save 700€ a month (1000ish dollars?) through selling our house and moving into an older house onto the countryside. It only has good sides - we live without direct neighbors, have a lot of space, a lot to do and a lot of calmness!
This is a really good video! Great tips and well done on saving $1000 a month. I just saved money by fixing the toilet myself and not calling the plumber. At first I didn’t think I could fix it as I had no confidence in my plumbing abilities but it turned out to be a small issue and very fixable. Plumbers’ call out fees are massive so I think I saved a lot there!
Despite the fact that I’ve adopted no extreme written budget, as a bachelor, I’ve managed to reserve at least $1,400 monthly. Surely hope that I can sustain this financial trek as long as possible.
I think the first tip is a game changer!! Since I started working internships while in school I have made it a point to put at least 60% of my paycheck into savings. I’m fortunate to have a lot of financial support from my family while in school that allows me to save so much of the little I make. It’s so important to save early- especially if you’re in a similar situation where you currently have little financial responsibility.
What works best for my husband and I is grocery shopping for what’s on sale. Your grocery store will usually have their ads out a day before their sales start so that will give you an idea of what to make for that week and etc. We also do eat everything until the fridge is almost empty! I’ve also started couponing and I’ve saved so much money and I now have a small stockpile to last us a while. Lastly, we don’t buy brand new. We will always look for an item first that’s on sale or even utilize Facebook marketplace. Also our local thrift store has $0.50 on certain colored tags!
You are right on! I have been a budgeter for many years. It lets you know what you need a month for utilities, etc. and this allows you extra money in the end. You are sure to have what you need and have left over in the end. Another idea is I budget for a 4-week month, and there are 4 extra weeks to the year - 4 extra weeks of free money to put aside.
Thank you so much for your inspiring videos! You are literally the HEALTHIEST RUclipsr I've watched yet! So many people talk about how this or that item is their favorite, or they're sponsored....but not you! You genuinely want to help people rethink in a healthy positive way instead of just showing what you have and how great it is! It's SO refreshing! And even though a lot of this is common knowledge, sometimes it takes talking about it or hearing it to inspire you to make a change today🔅 Thank you for being genuine and for bringing up small things that we can all do to help be more mindful for the environment - definitely a fan of your videos!
Wow, this video really struck a cord with me: I watched this yesterday, got paid today, and put half my paycheck straight into savings! I'm excited to see how quickly I can reach my goals :) Thanks for the tips!
I turn off all appliances when not in use, shop around for cheaper bills etc, use cashback apps and credit card to pay for essentials. I sell all my unwanted clutter, makes cleaning easier too! I still need to budget for my food better, currently trying to eat out of cupboards etc but still manage to spend a fortune on food! Trying to improve though!
L. A. McDonough Many degrees are versatile and just having one is valuable. Once earned, no one can ever take your degree away! I still value education.
Tony Steel surprisingly, we are close to the avg income for the area when I check the census. I guess my family just does things differently financially to make it happen.
Grow the Piggy Bank ::: Absolutely, because your household team are catalysts to a winning financial formula. I mean, this is virtually unheard of in these post modern times. In fact, it’s pleasingly nostalgic. And again, so awesome!!
This is so helpful! I save for retirement and medical expenses through payroll deduction, but only just started trying to systematically increase my general savings. The tip on using shopping lists for non grocery items like clothing is a new one for me. I tend to shop during sales without really thinking about what my wardrobe truly needs. As in "that's a great bargain so I need to get it." I'm also trying to move away from clothing that's cheap but is going to wear out quickly.
These are great tips! Putting money into savings first is a basic but essential step, I find that it's easier to stick to the rest of the budget when savings is non-negotiable
I save a quarter of my pay much like you guys do in the sense that I send that money to my dad as soon as I get paid each fortnight. Then my bills and loans and then the rest is mine to live off/play with. I’ve got a $10,000 savings goal for 2019 and I’m just about half way! ☺️ (Ideally, I’d like a house deposit in 3 years) so I’ll be upping it next year, and then again the year after as my loans are finalised. I also want to get rid of afterpay/openpay/zippay etc. as these enable that impulse buying. And I’m planning on decluttering my space/life and doing a market stall and selling it after winter is over. Then use that money to get some things I need, like a blender and sandwich press. One thing I have done this year is actually bring my lunch to work. It’s only taken 15 years of working full time to actually do this consistently. I can already feel how much money I’m saving this way and it makes brunch on my days off feel soooo much more special. 💗
But Afterpay, Zippay, Openpay are gone and I manage my own finances now. So I shouldn’t stay still sitting at 6k. I replied before I released I wrote the original comment over a year ago.
I personally have done steps 1,3 and 5 for the last year and that lets me save around 60% of my income this way. I analysed 4 months of expenses to find a monthly budget I could live with, and now ensure I only have this every month. Most of my outgoing savings are automatically taken out when I get paid and any large purchases are listed and considered for a minimum of 2 weeks.
Downsizing living quarters is probably the game-changer for me. Of course, this is easiest for singles and couples more than for people with children. Totally agree with the eating at home advice. Not only can you save money but it is far healthier.
Same! I can't help but stuff my face with fast food but I've been saving and have saved up 7000 pounds (8700 dollars- around that area) in the past year!
@@annecrossman6852 there's a lot of investments opportunities, my best advise is get the services of an expert broker assist you make a good investment.
Hi Ashlynne!🙋♀️ Currently into your channel in yt😊 & lovin' it❤ I know this video is 2yrs ago, but I just wanna say that, Budgeting is not as easy, but Thank you for making it so easy & make it look like so simple... Cheers to more contents like this🥂🤗
No matter what your income, saving is helpful! And it’s not as much about the end amount you save, you can adjust it to your situation and income, but trying to save around 15-20% as a good rule of thumb if possible ❤️
Save First Use shopping lists Wait before buying. You could wait from 24 hours to a month before buying something. Slash your expenses. Budget and stick to your budget
love your channel Ashlynne! I've been binge watching all of your videos because they are so interesting! one thing I noted in this video is that you mentioned you save money by buying whole life Insurance instead of term, and while that may be true monthly, in the long run whole life is a huge rip off!! Dave Ramsey only suggests buying term because life Insurance companies will more often than not, not pay out because of technicalities in their contracts. worth looking into :)
Saving is cool. Investing is better. ETFs like SOXX, VGT, PSJ, RYT.. all offer over 29% on average annually when averaging last 5 years. Obviously no guarantee but I don't think tech or the top 500 companies are in fear of disappearing. Just a thought.
Your hair looks different! Really nice. Me and my wife has a small notebook with envelopes in it and everything is placed inside each envelope for it’s own budgeted purpose
Darwin Cruz. I do that! It really works for me. I also put a post it on the front of each envelope which says how much is in there and who it’s going to, that way I can reuse the envelopes!
Thanks for doing videos! I just caught myself thinking how I don’t want to put myself out there on the internet for everyone to judge what I say or how I look. But I enjoy watching other ppl videos..the advice is very simple, but still an enjoyable video
If you’re gonna save $1,000 in 30 days you’ve gotta have a super strong WHY. If your reason isn’t good enough- the chance you’ll make the necessary cuts to your lifestyle is pretty low. However... if you’re super motivated to make your goal happen... you’ll make it happen because you know there’s no other option. Not buying during the excitement of the moment and waiting is huuuuge. Adding time to my decision to buy or not buy usually results in me not buying whatever item it was. Impulse buying used to kill my budget when I was younger.
i saved almost 300 euro by cutting for food because im usually spend too fast for food only but now i stopped and it worked my goal its to save 1k and a few more one for my ipad and one in case i need cash when i go for doctor etc , your tips are really good , just i usually get 15-20 euro in general for pocket money , how long its gonna take to save 1k?
This won't apply to everyone, but it's worth investigating to see if there's any assistance your province/state may have available for bills if you're in a low income bracket. For example, in Ontario there's a deductible you can apply for to put toward your monthly hydro bill. It usually knocks off ~$40 a month for my household. I had no idea such a thing existed until I was told about it!
I practice the 20-80% with salary 20 automatic goes to savings, the rest for needs and wants I'm planning to change it to 40-60% because I realized i can live with so little, like seriously. 😇
Currently im saving 974 euro for an ipad, and im already at 200 euro! I kinda reduced of buying food too much and im impressed because usually i spend too fast but now i dont yey, these are great tips but i dont have a card except account bank)
While these suggestions save money it does assume that you earn more than $1000+ to begin with. I'm unemployed. My total amount of money before rent and bills is around $1400 a month. Take my rent (which is low where I live) and fixed bills is nearly $700. That leaves $700 for food etc. Not enough.
Hi Ashlynne, May I ask what percentage is $1000 out of your taxed combined income? I think it's very relative so I want to get an idea of how much I can save based on different incomes. Thanks!
Hi Ashlynne, thanks for such a great common sense video. Those tips are all so easy to do - and yet so easy Not to do! I can particularly relate to the excitement of buying in the moment - almost without thinking. Took your advice- waited only 2 hours after filling my online basket with fashion items I “couldn’t live without”, then thought, “what on earth and I doing?!”, emptied the basket And unsubscribed from the site (& another favourite shop while I was on a roll). Do I get extra points for that?! What you don’t see you don’t miss. Thanks again❤️
Me and my parents share a credit card account so we share credit and all of our money goes into the credit card and our limit is 14,000 and we were able to get out of debit. My car was paid off in 6 months, we paid their cars off and their house off in less than 2 years so there's a idea
But them how much do you earn??! If you want to put 1000 to a savingsaccount your salary must me pretty high!! Because you have to pay rent , electr etc etc. So .... you must earn A LOT to be able to just put 1000 dollars away immediately. Asa student that is impossible in my country
My husband can't save money at all he love to spend. So I start taking out cash everytime I go shopping at Walmart n he doesn't know 🤣 he think I buy grocery but I take some money out n save on side for us
We are starting to save for a home. We have been renting but want our own and something we can pass down. We also want to be able to go outside and grill if we want. Lol
I try to save at least something every month. Just keeping my change and my ones and fives adds up. But one thing I do every month (trying real hard) is to pay my tithes. That is first and foremost in my life. You will find if you give tithes to your church that God will bless you.
Nancy Millard. I’m not a church going person per se, but, I try to help people out when l can. My hair stylist is out of work at the moment. l’m planning on having her come to my home to do my hair. (I still have to do video conferencing for my job). I’m planning on giving her an extra hundred dollars for the work. Also, my nephew is 20 years old and doing the roommate thing. He just lost his job in a restaurant. I paid his rent for April. He’s trying to find anything so that he can pay his portion of the rent for May. He’s really trying so if he needs help with the rent for May, I’ll help him with that as well!
I disagree with whole life versus term. Term is temporary and not be relied on. Whole life is a better option. I’m 47 and was given a whole life policy for my 18th birthday from my parents. It has been one of the best gifts I’ve ever received.
it's definitely easier as a couple. my expenses would've been a lot lower if I wasn't living alone (already done the roomates thing as a student. never doing that again).
What is your favorite money saving tip?
idk I like all of them :)
I love them all. I use lists all the time and online grocery shopping to help keep us under budget.
Set aside first some amount, lets say for example 2,000 dollars as an emergency fund. Then continue as you very well said into saving at whatever level you have committed. Then when a true un-budgeted emergency pops up, such as a major car repair, you can deal with it and not have to interrupt your committed savings plan. Next, commit to rebuilding the emergency fund without disrupting your committed savings plan. You will be so happy you had the emergency fund when needed, you will save any pennies possible to have it available for the next future emergency arrises. They always come, just unannounced. :-)
Love the grocery shopping online idea!
Love this one! Christopher and I have that $2000 emergency fund as well!
1. Putting your money into savings first.
2. Make a Shoping list before shoping.
3. Wait a period of time before purchasing something.
4. Slash Expenses
5. Budget and stick to your budget.
🤗🤭
I stopped shopping for new clothes and new makeup products, and god I saved so much money 😂😂😂
The makeup and fashion industries are extremely unethical and detrimental to our environment so it's really good that you aren't supporting those businesses anymore.
This is my current new plan even before I saw this video
Eating out is definitely the biggest pitfall for me! I’ve been really cutting down though and it’s actually been kind of nice to come up with new meal ideas and I’m starting to realize I’m not as horrible of a chef as I thought!!😂
That’s so awesome! And you’re definitely not alone with the eating out one 💙
alltherad lol this is so me now during COVID! Our grocery budget is higher cuz the eating out budget is absorbed into the grocery bills so I’m not necessarily saving money, but we are more intentional on what we buy and Fresh Food is so good (and good for us) 😎 who knew rice & beans is amazing flavored with garlic & lime juice - game changer!
I started budgeting in August and honestly can’t see myself ever not budgeting. It’s amazing knowing exactly where your money is going, and being able to actually save every month.
How refreshing to see young people be honest & consistent in your money issues. You can only get better. CONGRATULATIONS!!!!
We live in the US. I am a student and my husband works fulltime and we save over $1K/month too!
We are big Dave Ramsey fans and have a strict budget that allows us to still live comfortably while saving for our future.
I love your channel! Keep up the good work Ashlynne! :-)
first you need to earn more than 1k to save 1k :D but good tips overall. making a savings account was the biggest gamechanger for me. i always pay myself first and whatever is left in my spending account at the end of the month i either spend on the items i have to replace or that money goes in a savings account as well
That’s awesome! And $1000 was a bit of an arbitrary number. The point is more to dedicate a significant percentage of your income to savings and to make it a priority. Depending on your income, definitely adjust it to save more or less ❤️
@@AshlynneEaton What percentage would you say should be the target?
@@123ffree Depends on your end goals. Some FIRE people save 60% and more of their pay.
@@lelexoxo303 Oh wow that's FIRE indeed! I guess it also depends on how much you get paid and whether you have any dependants. Personally I feel like creating multiple streams of income is critical.
I stopped buying coffee and outdoors food and now I’m saving a lot of money.
*I automate monthly money transfers from my checkings to a high yields savings account and my roth IRA. I don't even have to think about it anymore!*
Love it!! That’s awesome and Roth IRA’s are definitely the way to go!
High yield savings? Which one if you don’t mind me asking?
@@cristine5854 I have Marcus with Goldman Sachs. Ally is also another popular one!
You’re on the right financial trek. 🏛
Yes...he even mentioned the Roth. That’s a safe play.
Every time my husband and I got a raise we calculated how much extra money it would be on our check then had that amount direct deposit into our savings account we our still living on the same amount of income from 2004. You learn to live with what you have and not over spend.
One of my dads former coworkers did that since like the 70/80s. He’s living very well off while living off a 25k budget
Step 1: delete social media, the major source that encourages impulse purchases
Step 2: learn how to be a minimalist
Step 3: Use shopping list
A good shoemaker can work wonders on your shoes and help you avoid the need to replace them. Well worth it. Mine has also repaired handbags for me and done a stellar job with them.
We save 700€ a month (1000ish dollars?) through selling our house and moving into an older house onto the countryside. It only has good sides - we live without direct neighbors, have a lot of space, a lot to do and a lot of calmness!
It sounds great! 😍🙏🏼
This is a really good video! Great tips and well done on saving $1000 a month. I just saved money by fixing the toilet myself and not calling the plumber. At first I didn’t think I could fix it as I had no confidence in my plumbing abilities but it turned out to be a small issue and very fixable. Plumbers’ call out fees are massive so I think I saved a lot there!
That’s awesome! Love that mentality and for sure it’s a great way to save money!
Despite the fact that I’ve adopted no extreme written budget, as a bachelor, I’ve managed to reserve at least $1,400 monthly. Surely hope that I can sustain this financial trek as long as possible.
If u did I'm sure have a nice 30 to 36,000
I think the first tip is a game changer!! Since I started working internships while in school I have made it a point to put at least 60% of my paycheck into savings. I’m fortunate to have a lot of financial support from my family while in school that allows me to save so much of the little I make. It’s so important to save early- especially if you’re in a similar situation where you currently have little financial responsibility.
What works best for my husband and I is grocery shopping for what’s on sale. Your grocery store will usually have their ads out a day before their sales start so that will give you an idea of what to make for that week and etc. We also do eat everything until the fridge is almost empty!
I’ve also started couponing and I’ve saved so much money and I now have a small stockpile to last us a while.
Lastly, we don’t buy brand new. We will always look for an item first that’s on sale or even utilize Facebook marketplace. Also our local thrift store has $0.50 on certain colored tags!
So many great ideas here! Emptying the fridge before buying new food is huge!
You are right on! I have been a budgeter for many years. It lets you know what you need a month for utilities, etc. and this allows you extra money in the end. You are sure to have what you need and have left over in the end. Another idea is I budget for a 4-week month, and there are 4 extra weeks to the year - 4 extra weeks of free money to put aside.
Love that one! It’s particularly powerful when you get paid once every two weeks!
Thank you so much for your inspiring videos! You are literally the HEALTHIEST RUclipsr I've watched yet! So many people talk about how this or that item is their favorite, or they're sponsored....but not you! You genuinely want to help people rethink in a healthy positive way instead of just showing what you have and how great it is! It's SO refreshing! And even though a lot of this is common knowledge, sometimes it takes talking about it or hearing it to inspire you to make a change today🔅 Thank you for being genuine and for bringing up small things that we can all do to help be more mindful for the environment - definitely a fan of your videos!
Wow, this video really struck a cord with me: I watched this yesterday, got paid today, and put half my paycheck straight into savings! I'm excited to see how quickly I can reach my goals :) Thanks for the tips!
I turn off all appliances when not in use, shop around for cheaper bills etc, use cashback apps and credit card to pay for essentials. I sell all my unwanted clutter, makes cleaning easier too! I still need to budget for my food better, currently trying to eat out of cupboards etc but still manage to spend a fortune on food! Trying to improve though!
I wish I had your knowledge at the same age! Well done! :-) Had to get a house and children before I learned my lesson!
I quit college and bought a house instead. I save money everyday since I paid it off.
That’s amazing!!
Same!! Lol, congrats!
L. A. McDonough Many degrees are versatile and just having one is valuable. Once earned, no one can ever take your degree away!
I still value education.
There are many ways to learn and grow. A college or university education remains an excellent one.
College Debt Slavery-on kindle. Awesome!
Great video! I currently save 1k towards retirement and about 750 to savings every month being in the military.
That’s fantastic!
Nice video! My family of 4 saves more than $2,700/month living on 1 median income and it’s all because we choose to live life more optimally!
Grow the Piggy Bank ::: That’s so awesome! I’m thinking that that one salary is well-above the national average. Nice..!!!
Tony Steel surprisingly, we are close to the avg income for the area when I check the census. I guess my family just does things differently financially to make it happen.
Grow the Piggy Bank ::: Absolutely, because your household team are catalysts to a winning financial formula. I mean, this is virtually unheard of in these post modern times. In fact, it’s pleasingly nostalgic. And again, so awesome!!
Share your tips with us............
I creat shopping list and do meal prep to avoid impulse buy and constant eating out
I love your finance videos please make more xx
Thanks! We’ll definitely having more coming out in the future!
This is so helpful! I save for retirement and medical expenses through payroll deduction, but only just started trying to systematically increase my general savings. The tip on using shopping lists for non grocery items like clothing is a new one for me. I tend to shop during sales without really thinking about what my wardrobe truly needs. As in "that's a great bargain so I need to get it." I'm also trying to move away from clothing that's cheap but is going to wear out quickly.
These are great tips! Putting money into savings first is a basic but essential step, I find that it's easier to stick to the rest of the budget when savings is non-negotiable
Totally agree!!
Great video thank you 💕 my favourite money saving tip is to mend and make do instead of replacing things especially clothing x
I save a quarter of my pay much like you guys do in the sense that I send that money to my dad as soon as I get paid each fortnight. Then my bills and loans and then the rest is mine to live off/play with.
I’ve got a $10,000 savings goal for 2019 and I’m just about half way! ☺️ (Ideally, I’d like a house deposit in 3 years) so I’ll be upping it next year, and then again the year after as my loans are finalised.
I also want to get rid of afterpay/openpay/zippay etc. as these enable that impulse buying.
And I’m planning on decluttering my space/life and doing a market stall and selling it after winter is over.
Then use that money to get some things I need, like a blender and sandwich press.
One thing I have done this year is actually bring my lunch to work. It’s only taken 15 years of working full time to actually do this consistently. I can already feel how much money I’m saving this way and it makes brunch on my days off feel soooo much more special.
💗
Great job and goals! Any update?
Still sitting at 6k as I’m in Metro Melbourne lockdown and our business is closed.
But Afterpay, Zippay, Openpay are gone and I manage my own finances now. So I shouldn’t stay still sitting at 6k. I replied before I released I wrote the original comment over a year ago.
I personally have done steps 1,3 and 5 for the last year and that lets me save around 60% of my income this way.
I analysed 4 months of expenses to find a monthly budget I could live with, and now ensure I only have this every month.
Most of my outgoing savings are automatically taken out when I get paid and any large purchases are listed and considered for a minimum of 2 weeks.
Love this! And that’s a huge portion of your income, way to go!
Downsizing living quarters is probably the game-changer for me. Of course, this is easiest for singles and couples more than for people with children. Totally agree with the eating at home advice. Not only can you save money but it is far healthier.
I learn a lot when I watch your videos. I will stick to spending with a budget. Thank you...
The waiting game works well for me. I realize more and more that i don't actually want some things but they're more out of impulse
Dining out and going out is definitely what gets me...rip lol
Same! I can't help but stuff my face with fast food but I've been saving and have saved up 7000 pounds (8700 dollars- around that area) in the past year!
I don't know who needs to hear this
Save to invest! You are saving a day off work
Best quote of the year!
Yes well said! I have been saving and making plans to start growing an extra income stream any guides on how to invest yet ?
@@annecrossman6852 it is a great idea investing I make an extra $3k weekly from my investment package which has been a boost to my general income
@@daviluis5713 wow that's awesome. How do you make such profits any tips ???
@@annecrossman6852 there's a lot of investments opportunities, my best advise is get the services of an expert broker assist you make a good investment.
Hi Ashlynne!🙋♀️ Currently into your channel in yt😊 & lovin' it❤
I know this video is 2yrs ago, but I just wanna say that, Budgeting is not as easy, but Thank you for making it so easy & make it look like so simple... Cheers to more contents like this🥂🤗
Making a budget allows me to "pay the savings bill" first once my money comes in. It helps a lot. How do you prevent from touching the savings at all?
Discipline
@@kbrp5493 Yeah, true. And sticking to your budget.
I like the idea of having a savings account at a different bank
If I tried saving 1000 pounds a month I would have no money left. It must be nice to have money to do this.
To do any of this you would need a really good income to begin with. I do all these things to just live.
No matter what your income, saving is helpful! And it’s not as much about the end amount you save, you can adjust it to your situation and income, but trying to save around 15-20% as a good rule of thumb if possible ❤️
Great gentle encouragement and information!! Thanks for the help !
Save First
Use shopping lists
Wait before buying. You could wait from 24 hours to a month before buying something.
Slash your expenses.
Budget and stick to your budget
Hi Ash. Have you got a video on creating a budget?
love your channel Ashlynne! I've been binge watching all of your videos because they are so interesting!
one thing I noted in this video is that you mentioned you save money by buying whole life Insurance instead of term, and while that may be true monthly, in the long run whole life is a huge rip off!! Dave Ramsey only suggests buying term because life Insurance companies will more often than not, not pay out because of technicalities in their contracts. worth looking into :)
Saving is cool. Investing is better. ETFs like SOXX, VGT, PSJ, RYT.. all offer over 29% on average annually when averaging last 5 years. Obviously no guarantee but I don't think tech or the top 500 companies are in fear of disappearing. Just a thought.
I need all of this video urgently! Thank you so much honey
Your hair looks different! Really nice. Me and my wife has a small notebook with envelopes in it and everything is placed inside each envelope for it’s own budgeted purpose
Thanks! And I love the envelope idea!
Darwin Cruz. I do that! It really works for me. I also put a post it on the front of each envelope which says how much is in there and who it’s going to, that way I can reuse the envelopes!
Thanks for doing videos! I just caught myself thinking how I don’t want to put myself out there on the internet for everyone to judge what I say or how I look. But I enjoy watching other ppl videos..the advice is very simple, but still an enjoyable video
Thanks! Glad you enjoyed!
If you’re gonna save $1,000 in 30 days you’ve gotta have a super strong WHY. If your reason isn’t good enough- the chance you’ll make the necessary cuts to your lifestyle is pretty low. However... if you’re super motivated to make your goal happen... you’ll make it happen because you know there’s no other option.
Not buying during the excitement of the moment and waiting is huuuuge. Adding time to my decision to buy or not buy usually results in me not buying whatever item it was. Impulse buying used to kill my budget when I was younger.
I needed this so much!♡ Great tips!!
I save over $1k a month too . Last month I stashed $1,500
Thank you this was helpful.
Thank you for your tips! You are so young and yet... to smart and intelligent ! Great kid
Very smart :) thanks for the tips! ㋛
Loved all these! Thank you💕
You’re so welcome!!
i saved almost 300 euro by cutting for food because im usually spend too fast for food only but now i stopped and it worked my goal its to save 1k and a few more one for my ipad and one in case i need cash when i go for doctor etc , your tips are really good , just i usually get 15-20 euro in general for pocket money , how long its gonna take to save 1k?
This won't apply to everyone, but it's worth investigating to see if there's any assistance your province/state may have available for bills if you're in a low income bracket. For example, in Ontario there's a deductible you can apply for to put toward your monthly hydro bill. It usually knocks off ~$40 a month for my household. I had no idea such a thing existed until I was told about it!
Love that suggestion!!
I practice the 20-80% with salary
20 automatic goes to savings, the rest for needs and wants
I'm planning to change it to 40-60% because I realized i can live with so little, like seriously. 😇
50-50% then? :)
Just found your channel and I love it!! Subscribed :)
I use all these tips & I'm currently negative a thousand dollars so... it beats me
Sometimes increasing your income through a part time job or side hustle can make a big difference!
Currently im saving 974 euro for an ipad, and im already at 200 euro! I kinda reduced of buying food too much and im impressed because usually i spend too fast but now i dont yey, these are great tips but i dont have a card except account bank)
I love your top! It's so hard to find a nice white tee. Where is it from?
Thanks!! It’s secondhand from madewell 💙
While these suggestions save money it does assume that you earn more than $1000+ to begin with. I'm unemployed. My total amount of money before rent and bills is around $1400 a month. Take my rent (which is low where I live) and fixed bills is nearly $700. That leaves $700 for food etc. Not enough.
You are my inspiration girl. I'm so excited to start my savings once i got my paychecks!!
This budget is for a couple !!
Great vid. We r all about saving. 😍😘
Lucky Chris
Hi Ashlynne,
May I ask what percentage is $1000 out of your taxed combined income? I think it's very relative so I want to get an idea of how much I can save based on different incomes.
Thanks!
Essentially Lau I’m not Ashlynn but we save $600 a month we make 3500 a month and have two kids.
Hey!! It’s about 20%-30% depending on the month. Our income fluctuates a lot month to month :)
Hi Ashlynne, thanks for such a great common sense video. Those tips are all so easy to do - and yet so easy Not to do! I can particularly relate to the excitement of buying in the moment - almost without thinking. Took your advice- waited only 2 hours after filling my online basket with fashion items I “couldn’t live without”, then thought, “what on earth and I doing?!”, emptied the basket And unsubscribed from the site (& another favourite shop while I was on a roll). Do I get extra points for that?! What you don’t see you don’t miss. Thanks again❤️
I bought for way under $130 my 3 kids , fall & winter clothes this year @ thrift shops. They are ready for a Blizzard. 😆
I love your videos!!! Good tips
Thanks!! 💙
Me and my parents share a credit card account so we share credit and all of our money goes into the credit card and our limit is 14,000 and we were able to get out of debit. My car was paid off in 6 months, we paid their cars off and their house off in less than 2 years so there's a idea
I work for 900$ and pay my bills how am i supposed to save 1000? 😄
What are you in grad school for?
But them how much do you earn??! If you want to put 1000 to a savingsaccount your salary must me pretty high!! Because you have to pay rent , electr etc etc. So .... you must earn A LOT to be able to just put 1000 dollars away immediately. Asa student that is impossible in my country
Great tips!
My name is ashlyn too
Thank you
All i wanted is to save $200 thank you alot!
My husband can't save money at all he love to spend. So I start taking out cash everytime I go shopping at Walmart n he doesn't know 🤣 he think I buy grocery but I take some money out n save on side for us
We are starting to save for a home. We have been renting but want our own and something we can pass down. We also want to be able to go outside and grill if we want. Lol
Thank you.
Great tips
Eating out every day IS a No NO lol and paying more on your bills like a car note will help pay it off quicker .
Great information.
💙💙💙
I try to save at least something every month. Just keeping my change and my ones and fives adds up. But one thing I do every month (trying real hard) is to pay my tithes. That is first and foremost in my life. You will find if you give tithes to your church that God will bless you.
That’s awesome!
Nancy Millard. I’m not a church going person per se, but, I try to help people out when l can. My hair stylist is out of work at the moment. l’m planning on having her come to my home to do my hair. (I still have to do video conferencing for my job). I’m planning on giving her an extra hundred dollars for the work. Also, my nephew is 20 years old and doing the roommate thing. He just lost his job in a restaurant. I paid his rent for April. He’s trying to find anything so that he can pay his portion of the rent for May. He’s really trying so if he needs help with the rent for May, I’ll help him with that as well!
I disagree with whole life versus term. Term is temporary and not be relied on. Whole life is a better option. I’m 47 and was given a whole life policy for my 18th birthday from my parents. It has been one of the best gifts I’ve ever received.
Definitely automate savings to go to a different account every time you get paid, basic but essential step and a game changer for me
Yep, that one is huge!
🔥
I need a coffee pot. My butt is buying coffee pot.
What's your job? I'm looking for a legitimate online job? Do you have any advice? Thank you. I love your videos!
Im so tight I hate getting cash out lol
How to you plan on helping me with this issue 🤪
It's easier when your with 2. I live alone and I just can't do it. I try tho haha
it's definitely easier as a couple. my expenses would've been a lot lower if I wasn't living alone (already done the roomates thing as a student. never doing that again).
I loved this thank you! X
Wish I had $1000 a month in the first place 😅
Put that weed, beer ,clothes shopping etc habit down 👍🤑🤑🤑🤑
Why... saving some is fine but saving to the point where you don’t live but live to save isn’t a life goal.
Good video. Your really pretty 😊
Thanks!!