With the right money mindset, budgeting methods, and financial planning, you can quickly begin to live within your means. In this …
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With the right money mindset, budgeting methods, and financial planning, you can quickly begin to live within your means. In this …
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32 comments
Don't use a credit card unless you're able to pay off the full balance every month. I've fallen into that trap… again
I have saved a TON of money on electronics by buying refurbished models. Everything from a vacuum cleaner to a smart watch were less than half the price of new, yet they typically look brand new and last longer than brand new. Some examples:
1. I got my Dyson cordless vacuum on Ebay as a refurbished model that was at least half the cost of a new one. Dyson has their own page on Ebay for refurbished items, so they are a trusted seller. I've had it for 5 years and still love it. Other companies and products on Ebay too.
2. I got my refurbished Dell laptop from the Dell website. Half the cost of a new one, yet it has lasted longer than any other computer I've had. 10 years old now, works perfect and still on the original battery! On the Dell website, there is a tab for 'deals', and at the bottom is a link for Dell refurbished. Other brands may have something similar.
3. My last 2 phones have been refurbished models and so much cheaper than new. One from Amazon and one from Tracfone. Both looked and performed like new.
4. I got my Samsung smartwatch from Amazon. Just search 'refurbished…' whatever you're looking for. It looks and performs like new, works beautifully with my phone and at a fraction of the cost of new.
These are just a few examples. If you don't have to have the latest gadgets all the time, this is the perfect way to have some quality electronic devices on the cheap!
Use a high yield savings account to save
STOP UN-NECESSARY SPENDING FOR CLOTHING, SHOES AND POCKET BOOKS.
This is eye opening and so well comunicated! Thank you so much for this
This still didnt help
Thanks for sharing
Thank you so much!!! I am trying to be frugal and I must say these videos have been helpful. I am currently wearing what I have in my closet and only buying what is necessary and persons are amazed because they think they are new.Thanks again!!!
🙌🏽🙌🏽🙌🏽
I like the reminder for me about the financial planning sheets of short term and long term goals.
When I first started budgeting, my number one mistake was that I was unable to say "no". I would overspend in one category and then try and fit the cost into another category by eg pinching from my food budget to buy more skincare. But I realised that the point of budgeting is not just to control your overall spending but also to decide how much you're willing to spend on each category and then stick to that plan. If I want something extra, I'll write it down and wait until my budget resets at the start of next month.
Nice video! I wanted to check the budget types you mentioned in the free worksheets. Tried to enter the website to benefit from the info but it appears I can't because I'm from Venezuela 😅 still thanks for the video, great value content 😊🎉
✔️
the thing is am poor how can I live below my means I use food stamps there is nothing below that . totally unrealistic
This is a great channel.
I am just sick .
I have up coming divorce.I live on foodstamps and food pantries.
And a free hygiene closet .
I am poor.
I have money to either pay the bills or pay the late fees on rent.
I have nothing but God
I miss shopping and I will go splurge and end up returning it all. I shop and unshop.
I have an impulse issue, I stress and want an outlet… I also would like a few things to wear to church and I just can’t right now.
This economy has caused an uproar. 😢
I have to start at square one.
This is all well and good. However, if you live in a larger city and do not own your own home, and have to pay rent, where NOTHING small is even affordable and eats up 65% of your fixed income, and the cost of food has skyrocketed (no matter how much food prep and meal planning your do), then a lot of this not applicable. Wait lists for affordable apartments are 10+years. Living in the countryside is not an option (no doctors, you have to have a car, no friends or family nearby). So in reality, some of us, are not your demographic or audience. Still, keep up the good work! If I had had you in my corner a couple of decades ago, my life would be substantialy better 🙂
I keep 2 accounts, one with salary account & savings. Second for expense. I transfer money from my salary / saving account to expense account to keep a tab over how much I spend. My credit card is just for emergencies and I make sure I pay off the cc bill first thing if I have made any expenses.
I also put a little sum of my savings, annually, in some saving scheme like funds or fixed deposit.
I keep a minimum balance target in both my accounts. And stop myself from any extreme spending if any of my accounts are about to hit the minimum balance number.
Valuable tips! Taking control of your finances.
My major problem is making investments on businesses that just keep tanking. Ive lost almost half a mil php on this. It's like a no win situation which is making things feel hopeless 🙁
Excellent video
“Below your means” = “within your means” in most cases. People just think their means are WAY higher than they are. 0 balance at the end of the month is not living at your means.
I just learnt how to create a emergency fund into the household budget
Thank you so very much for this -yours really inspired me. Much appreciated Lady Bola!
Just now realizing that I don't actually "budget" I just write down all of my bills and check them off when paid. I need to be more intentional with my finances and spending habits.
It's this video appearing 1 day before payday for me 😂♥
What I'm currently doing:cutting back on clothing expenses and meet up with friends expenses. I will begin a one month tracking of my daily expenses staring August 1st. Yeyyy! Thanks again from the Philippines🌴🌴🌴
Thank you Clever Girl for this great video that's helping me prepare for my great future! More power to you🌺
I'm a ways down the path towards living below my means. I have a small emergency fund, and I transferred all my credit card debt to a personal loan that I'm on track to pay off early by the end of the year. And after that, I'm going to shift my focus to adding more to my emergency fund.
I've had good success using a finance app to keep track of my budget. But the biggest thing that's helped me is that I do a weekly check-in where I look at my spending for the week, I take some time to journal about how I feel about my spending that week and I reflect on any impulse purchases. It's definitely helped me rein in my spending and it's definitely changed things for the better.
I'm now way less focused on the shame of overspending or feeling like I should be further along in my savings goals. And instead, I'm focused on where I'm going, which is a lot more fun and encouraging.
I'm a single mom with a chronic illness. I feel like im drowning but I am able to save 10 percent of my income so I feel a bit better. Will definitely use this to help us
Hm I don’t do anything on the above your means list.. so I’m good?