💵 Guide to SAVINGS for BEGINNERS (what, why, how)

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💵 Guide to SAVINGS for BEGINNERS (what, why, how) | Finance from Scratch 💰

Рет қаралды 121,172

Күн бұрын

Welcome back to an episode of Finance from Scratch - where we learn finance concepts, from scratch. In this video, we'll be talking all about SAVINGS.
📌 Get higher interest on your savings with GoTyme Bank and get a chance to win free flights and Fly Free for a Year. Learn more at bit.ly/3NgMMhC
Saving is one of the PILLARS in personal finance. It’s a pretty basic concept that some people struggle with, but it’s important to master this skill to help you manage your money and set you up for financial success. We’ll be talking about a lot of things: First, we’ll define WHAT savings is, then we’ll talk about WHY we need to do it, then we’ll talk about HOW you can start saving, as well as some tips and systems to help you reach your savings goals!
📚 Additional Resource: The Shockingly Simple Math Behind Early Retirement www.mrmoneymus...
This is Finance from Scratch: a new series where we'll talk and learn about finance concepts from scratch! Guaranteed - Beginner bobo friendly 👌✨
We’ll cover the stuff I talked about more in-depth in future videos. Share your thoughts, comments, and feedback in the comments section!! What do you think of this new series? What other topics do you want me to cover?
💰 Previous episode • 🤑 EASY GUIDE to INVEST...
If you want to work with me, help me, or collaborate with me in making this series the best it can be, reach out to me through email! I'd love to explore potential ways we can work together 🍞
Email: alba.nicoleee@gmail.com
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🕰TIMESTAMPS
00:00 Introduction
00:49 Video Outline (what, why, how)
01:57 Important Disclaimers
02:21 WHAT is saving?
02:46 Important Investing Concepts: Savings vs. Investing
05:12 Important Investing Concepts: Savings Rate
07:19 Important Investing Concepts: Reduce Expenses & Increase Income
08:11 WHY do we save: Lessen financial stress & anxiety
08:46 WHY do we save: To plan for short-term & long-term goals
09:14 WHY do we save: Financial Freedom
09:34 WHY do we save: Savings are financial building blocks
09:57 HOW do we start saving: When and Where
09:57 HOW do we start saving: Regular vs. High-Interest Savings Account
09:57 WHERE do we save: GoTyme
12:19 HOW do we start saving: Actionable Steps
14:55 What do you think of this series? Comment thoughts & future topic requests!
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🤝 Where to find me
Facebook / alba.nicoleee
Instagram / alba.nicoleee
TikTok / heynicolealba
🚀 Subcount: 443,488
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Guide to SAVINGS for BEGINNERS (what, why, how) | Finance from Scratch 💰
Finance from Scratch / Learn Personal Finance for Beginners / Personal Finance Philippines / How to Personal Finance / Step-by-Step Personal Finance / Financial Literacy / Financial Education / Financial Education / Easy Guide to Personal Finance / How to Save Money / Savings Account Philippines / Filipino Guide to Savings 101 / Personal Finance 101
FTC: This video is sponsored by GoTyme Bank
Disclaimer: This video is NOT financial advice. Form your own opinions so that you can properly decide on what to do with the information you learn from this video.

Пікірлер: 201

@NicoleAlbaYT Жыл бұрын

⚠ WARNING: Be careful of FAKE ACCOUNTS and SCAMMERS pretending to be me on Facebook, Instagram, Tiktok, and other social media platforms. I will NEVER message you about any trading or investment opportunity. I do not have any backup accounts. Be careful of SCAMMERS who have been stealing my photos pretending to be me. These are the links to my OFFICIAL social media platforms: Facebook - facebook.com/alba.nicoleee Instagram - instagram.com/alba.nicoleee/ TikTok - www.tiktok.com/@heynicolealba Hi guys! It’s been 2 months since my last upload. Life has been busy 😅 I’m super excited about this episode because SAVINGS is an important pillar in personal finance. I hope that this video helps you guys better understand what savings is, reasons why we save, and how you can start saving. Hope you guys learn something new! See you guys in the next video 👋 What do you think of this new series? What other topics do you want me to cover? Share your thoughts, comments, and feedback in the comments section!! 💙 Thank you to GoTyme for their support in working with me which made this video possible.

@JoycePurisima Жыл бұрын

what can you say about Insurance po? 😅 like Pru, is it good or worth it po ba or there's other way around to get the benefit that they are also offering?

@alvinbernabe5904 Жыл бұрын

Begginer po aq maam, new subscribers po mam

@buhlermarin9372 Жыл бұрын

Nothing equates investing, and when it's done properly, you don't need to get yourself all worked up about money anymore as it's creates a lot of extra income

@geraldlee9028 11 ай бұрын

Noted

@buhlermarin9372 11 ай бұрын

@@geraldlee9028 Where are you from friend?

@jm8837 Жыл бұрын

It's so hard to even think about saving much more investing when you're just surviving.😭

@criselhernandez2267 Жыл бұрын

You can invest in yourself first, by acquiring knowledge and skilling up ❤

@TheMeanprince 5 ай бұрын

But it's not impossible. You'll just have to start small and have laser-focused vision to your goal. Reinforce your determination by consuming the right online contents. It's not gonna be easy. Anything worth it is never easy. And surviving? It's the same launching pad most of us had to start from. The first thing about saving and investing is not actually saving and investing but conditioning your mind and educating yourself. The question is not about whether you can afford to save and invest but rather can you afford not to.

@HowtoMentality Ай бұрын

focusing and building yourself is the greatest project and investment you could every have and start on. Knowledge is great investment also you body and health

@angeltaloyo9791 Жыл бұрын

I automate my savings. I learned to pay myself first and consider savings as an expense. I tell my friends and family there's three types of savings; save for an emergency, save for what you want, and to save to invest. I also teach my family and friends the virtues of compound interest and what is an asset and a liability. I made mistakes with my investments, I thought I was secure, then I realized I wasn't. I ramped up my investment and savings. I also took advise from Dave Ramsey about having a financial advisor to manage my portfolios; I never looked back. My savings rate at the moment is at 32 percent and reaching 35 percent since I put away money that's left over for the day, week, or month is left from budget.

@jungcokc6873 9 ай бұрын

haha

@ethanpagaduan3294 5 күн бұрын

I enjoyed watching your videos! Andaming realization! I tend to oversave, and iniisip ko minsan hindi ko na eenjoy yung money ko. Now I realized I can utilize it more. And important din na huwag pagdamutan ang sarili, and huwag din sobrang pagbigyan 😂😂😂

@melissahynson Жыл бұрын

The correlation between Bitcoin's price rally and the latest inflation data, along with banking sector instability, is quite fascinating. It's interesting to see how the growing appeal of cryptocurrencies like Bitcoin, as an alternative asset during times of eroding confidence in traditional banking, has attracted retail investors. The permissionless and autonomous nature of cryptocurrencies offers a sense of safety and value in the ever-evolving world of finance. This context further highlights the significance of Florence Osborn's excellent trading strategy, which has enabled me to amass 32 btc in just three weeks. In the field of cryptocurrency trading, Florence has proven to be a true visionary.

@melissahynson Жыл бұрын

@Florenceosborn

@bobclarkson-zn8nv Жыл бұрын

A million thanks to Mrs Osborn! With her insightful advice, she's turned my crypto hodlin into a vault of digital gold.

@mariamaria-ek8dt 3 ай бұрын

Hi Nicole, it's been awhile and i felt like i was being derailed from a motivated good financial decision maker into "don't know where i'm at now after a year" and so i decided to go re watch ur vids on savings and it hit me with a huge guilt. please do more videos as I did learn a lot from u when i started to subscribe frm ur channel. i need more ❤thank you

@pennylane0308 Жыл бұрын

Love your vids coz always concise. Short and jampacked with value. Easy to understand, straight-to-the-point. No time wasted.

@kiacortez7010 Жыл бұрын

Thank you so much Ms. Nicole Alba for sharing this! It's so helpful to hear you talk about this as a 4th year student about to graduate. Adulting seems scary, but hearing you talk about these "simple" topics, makes it so much easier and less daunting! 💙

@NicoleAlbaYT Жыл бұрын

Haha thanks Kia!! I graduated last year lang so I definitely understand how scary & overwhelming the transition from school to “real life” could seem - but everything works out naman! I’m happy to hear na my video is helping you navigate your own adulting journey in some way 💙✨

@syntheticmood5426 Жыл бұрын

super knowledgeable talaga ng mga vids mooooo. Next topic naman yung mga banks/e-banks na recommended mo with high interest aside from gotyme. Been watching your videos nung wala pa work and wala pa masave hahahaha but now I have work na and willing to achieve financial stability

@elongmask3828 Жыл бұрын

What you're doing is a service to everyone. Financial literacy is a definite must know, and it's just awesome that you're presenting it in an engaging and entertaining way. Your passion is contagious! Great job!

@TrangeTahop-ye3wz Жыл бұрын

Hi! I'm a new subscriber. I've been focusing on my finances for the past year and I stumbled upon your channel one day. I looooove how light and casual your videos are. The way you explain makes information easy to retain and strategies are fairly easy to execute too, especially as a beginner. I have a really poor attention span and I skip videos/movies/shows that I watch EXCEPT yours. I love every second of it!

@user-fy2yq6yr3g Жыл бұрын

omg, i just watch your videos early morning, and now you have uploaded ❤❤❤

@NicoleAlbaYT Жыл бұрын

Haha it’s pretty cool that able to process what I say even though early morning 😆👌

@sophiaisabelle0227 Жыл бұрын

We appreciate your advice to us. Handling finances well can definitely make a huge difference in our lives.

@Lostsoul060685 Жыл бұрын

Yes.. we choose either the pain of regret or the pain of decipline.. Thanks for this!!!

@WhyNot.whatnot Жыл бұрын

Thanks for sharing, for someone who is old(age) like me but not very financially literate; could you enlighten me more about how can one build his/her emergency fund? I love how you organize your content it is clear and yah beginner bobo friendly LOL

@jonsenilla7259 Жыл бұрын

Ang dami ko talaga..natutunan sayo about financial life...kaya laga ako nanonood ..ang galing mo mag paliwanag...

@isoclouds Жыл бұрын

Right on time! needed this guide thanks

@janice_mik Жыл бұрын

Finally! 🎉 an update

@carlopaolodelacruz6543 Жыл бұрын

I'm a second year college student who's very attentive to my spendings yet ambilis ko mabudol and ang ending, no savings yet as of the moment! Huhu. I feel very urged to start to save yet I don't know how to start or where to start. Ate Nicole's guidance through these videos really will help me a lot in strategizing my financial journey. Thank you ate nikss! Aabangan ko future videos mo po!

@christophermillan669 Жыл бұрын

discipline brother. do yourself a favor

@ineedacomebackfromtheartis8788 Жыл бұрын

Definitely one of my favorite videos I’ve watched. You explained it very clearly and accurately. Also, I agree with you, spending should be the last one and should have small allotted amount of money 🤣 like girl, I don’t wanna suffer when I’m gonna enter in my 30’s era. My goal is to buy everything I want when I turned 30. Thank you, this helped me a lot.

@joemmendoza9404 Жыл бұрын

Welcome back again! More power!

@shadedwizard8566 Жыл бұрын

Im about to turn 18 in a few weeks and I've looking for about a year how to start off this journey so that it doesn't harden over time. For now I've been watching ur spreadsheet tutorials and now I'm glad to say that I'll be launching 2 small (rly small) businesses!! They r rly simple but i think they will help me get into de financial world dynamic 😊

@rostumcristobal9710 Жыл бұрын

Hi Nicole, salamat sa information. Hopefully, you can also create a video on how to start investing and how you manage it. :)

@prajasingh7352 Жыл бұрын

I will strongly advice you against self trading, it's really dangerous and had brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Anna

@prajasingh7352 Жыл бұрын

@Incommore

@prajasingh7352 Жыл бұрын

@Incommore

@totorostorage9714 Жыл бұрын

I made an account on gotyme right after watching this. let's all reach the financial freedom that we deserve ❤ thank you for sharing your knowledge, cheers!

@irenielmoko Жыл бұрын

same

@xenaik4407 11 ай бұрын

good day ms Nicole I really admired ur thoughts about financial matters😊👍🥰

@jobsdez Ай бұрын

Subscribed ❤

@in10s84 Жыл бұрын

Hi ate! I recommend you should create a short form content if wala pa kasi sobrang ganda ng mga tips, advices and teachings mo!

@kuyagaoie Жыл бұрын

Finally! Been waiting for your uploadssssss.

@elajamias4522 Жыл бұрын

Eye opener ulit ❤️❤️❤️ Magseseryoso na po magsave, promiee. Hehe

@ADJ161996 Жыл бұрын

Just in time. Looking for a new digital bank for savings. Thanks!

@bijilearnsthings Жыл бұрын

She’s back!

@maticklolo Жыл бұрын

thank you for the advices, para siyang "savings for dummies 1001" hahaha pero legit thank you. sana for the next video,, update mo po yung video mo sa gcash since it has some new features :D thanks!!

@Ikeepgoing1 Жыл бұрын

Thanks for the video.

@fellowbuffellow 8 ай бұрын

Ayo bro this is elite advice, greetings from South Africa :D

@nncuison Жыл бұрын

Love your vids, Nicole! ♥️

@saltpepper2556 Жыл бұрын

This info helps me a lot.Thanks.

@jennylyn0507 2 ай бұрын

@nicolealba ano Difference po ng visa credit at mastercard credit?

@irenielmoko Жыл бұрын

Downloaded GoTyme! Happy Saving!

@Kingpin19922 Жыл бұрын

Welcome back, crush!! 😊😄

@genderswitch2121 Жыл бұрын

Can you do Gstocks how to trade , buy and sell.

@greatlife6846 Жыл бұрын

Sana mag straight tagalog ka Nicole para di ako naghahabol! Hahaha! But thank U though for dis bright idea.

@fellowbuffellow 8 ай бұрын

0:01 "Mwahaha" to Savings. I'm dying 🤣🤣

@josephaleensalvador8211 Жыл бұрын

Hello, Nicole! Hoping for you to talk about the What, Why and How of INSURANCE soon. I'm currently paying for insurance right now, but I wanna understand more about how it works. Also, thank you for uploading these helpful videos!

@charizanncaliso449 Жыл бұрын

Same hehe

@pengcolima Жыл бұрын

same

@JA-mr5vl Жыл бұрын

So helpful.

@serjan5723 Жыл бұрын

Nice 5/5. Thank you for this.

@fellowbuffellow 8 ай бұрын

Ayo your editing style you use is great for the monkey in my brain (monkey clapping with brass cymbals, representing my Gen Z attention span lol) Imma take some notes for my films, thx. Keep up the amazing work!! 👌😎

@yvanregesconde Жыл бұрын

Thanks for sharing us you ideas regarding savings...god bless

@jamarquiza2223 Жыл бұрын

nakaka inspire ka talaga❤️

@Ralph-qr3wt Жыл бұрын

Kaka invest nyu di nyuna napansin na ang ganda ni ate❤

@henessyfranco6355 Жыл бұрын

Wow ang galing hehe Thank you Nicole for sharing your knowledge.

@SaynAlbaBuahe Жыл бұрын

Badly wanna learn about savings😤

@nikuletq3299 Жыл бұрын

Can someone please compare and contrast benefits and other features when using GoTyme and Maya? Thank you! I'm a graduating student ^_^ Still can't choose where to save my money that is worth it.

@rushacc6362 Жыл бұрын

True.

@angelofreud3843 Жыл бұрын

Its very clear! Thank You Nicole.

@roselleparagas334 Жыл бұрын

Miss this kind of your video Nicole ❤ I started saving coz if you last 2021 hehe

@flapperphmanila 5 ай бұрын

Hi nicole ang quality ng videos mo pwede malaman anong gamit mo to shoot your videos? Sana ma notice thank you.

@Serenity0808 Жыл бұрын

Hi Ms. Nicole. May idea po ba kayo about REITS? pwd niyu po ba ma explain. i find your videos very straight forward. keep up the good work.Thank you

@Frklenton90 Жыл бұрын

God bless your videos are great I subscribe this.watching from Canada

@carlanthonydelosangeles7411 Жыл бұрын

Welcome back!

@NicoleAlbaYT Жыл бұрын

Hahah hello ulit Carl!!! 😄💙✨

@mio8008 5 ай бұрын

late ko na nadiscover ang GoTyme. konting months ko lang naenjoy yung 5%. 4% na pang sya ngayon. mukhang road to 3% or lower pa down the road.

@avcbisu Жыл бұрын

question, nicole. i've noticed among my chinoy friends/acquaintances that money and wealth seem to be such a focus within their culture. why is that? was it something culturally engrained to you since you were a child and how so?

@lykabulosan73 Жыл бұрын

Welcome baccccck! Namiss ko videos mo maam nicole! 🍞

@NicoleAlbaYT Жыл бұрын

WOOOP WOOOP aw thank you Lyka!! 🙌🍞✨

@clydeeconcepcion486 Жыл бұрын

Yes!

@elainegonzaga158 Жыл бұрын

Can you teach us abt Real Estate Investment?

@marklagundino908 2 ай бұрын

eto dream wife ko marunong mag handle ng pera, hays ❤

@palakangorange Жыл бұрын

You're so articulate talaga, Nicole. Galing galing! Great leader ka rin for sure. Thank you for another great video 😊😊😊

@ExciVous Жыл бұрын

You finally uploaded 🥹

@keithpalalio8133 Жыл бұрын

same reaction😂

@pinayinuk Жыл бұрын

very informative

@janbesandreamo6749 4 ай бұрын

i missed you

@angelofreud3843 Жыл бұрын

Hi kamusta na sis nicole?. I just remembered your videos... I like watching your videos its very helpful.

@clarabella452 Жыл бұрын

@Incommore

@asiyahlahugvlogs7464 Жыл бұрын

I must say, aside from the contents you're making, your video editing improved as well. Keep going ❤️

@donmikkodanm.olmillo8154 Жыл бұрын

I would love to try GOTyme but there scanning on passport process is not working :((

@roeldiaz2966 Жыл бұрын

Very nice..

@katrynaramos428 Жыл бұрын

Hi Ms. Nicole, do you have video more about gotyme bank? Thanks in advance.

@macrigelgellego2320 Жыл бұрын

Started saving again tapos ito new vid!! Thank you, Ate Nicole!! More power, bless u

@NicoleAlbaYT Жыл бұрын

Sakto timing!! Hopefully you’re making good progress sa pag-save 💰🍞💰

@ellebudgetsph Жыл бұрын

Hi Nicole, so informative video. What are your current investments now? If you don’t mind sharing.

@kuyamarjun4781 Жыл бұрын

Yown thanks agad ❤

@NicoleAlbaYT Жыл бұрын

UY NICE first comment!! Haha here’s your digital BreadFam award 🍞😆🏆✨

@cassiecassie15 Жыл бұрын

Ate! Ano po masasabi ninyo sa VUL? Okay po ba siya para sa aming mga hindi naman po masyadong makapagipon?

@jhonyjandayan4711 Жыл бұрын

New subscriber here. Thank you for creating this kind of video, this is very helpful talaga

@nicolepajes8774 Жыл бұрын

Finallyyyy

@jimmymunozidolofficial6610 Жыл бұрын

This trhilles me even better... LET The Money works for you! High RISK High REWARD Hello Invest Savings ACT NOW..... Thank you @Nicole Alba❤😂🎉😊

@andreiavellana476 Жыл бұрын

Kailan po ulit kaya magiging available yung breadson pins🥺

@massacretv4988 Жыл бұрын

Another sound channel :)

@tristanjohncastromora Жыл бұрын

Thank you❤❤❤

@tristanjohncastromora Жыл бұрын

Tagal napo ako nakasubaybay sa mga video niyo ate

@johnrey8222 Жыл бұрын

notif squad lezgooo, finally a new vid

@NicoleAlbaYT Жыл бұрын

LEZGO BREADFAM NOTIF SQUAD!! New notif after 2 months haha 😁🍞✨

@lucyakimoto1939 11 ай бұрын

Hi Nicole, safe naman ba ang GoTym Bank Account? May ganyan na kase ako e di ko lang ginagamit. Wala bang naging bad news updates when it comes using a GoTym? Thanks

@AmirChristopher Жыл бұрын

yeyyy new videooo, thank you for this😊

@reamaesoriano 5 ай бұрын

Wala po bang new or latest videos

@Qvernn8 Жыл бұрын

I found the part where you differentiated savings from investing really helpful, puts that clear line that I think would help me with organizing my finances more! Keep up the good work :)

@kliyow Жыл бұрын

thank you for thiiiis! more beginner bobo friendly contents pls T.T

@chocophye Жыл бұрын

Hi, Nicole! Hope you can also post a video on how to manage your savings and how to invest in the stock market 😊

@prajasingh7352 Жыл бұрын

@Incommore

@prajasingh7352 Жыл бұрын

@Incommore

@louiecarlotangso152 Жыл бұрын

Question: what are the legit company to invest here in Philippines?

@butch5982 Жыл бұрын

Hi Ms Alba! Please do a review in Maya stocks and Maya funds. Sana mapansin nyo po. Thank you 😊.

@rolandosantarinmuni Жыл бұрын

Congratulation nicole 15.2 m views 453k subcribers

@leoherrero4923 Жыл бұрын

how about maya savings?

@mich8279 Жыл бұрын

planning to properly save now and this is very helpful. thank you!

@stephendinoboy Жыл бұрын

Maya Bank pa din.

@jungcokc6873 9 ай бұрын

Thanks for this video. You gained a sub from me.

@user-jb9fi2zd9u Жыл бұрын

Finally new vid!🎉

@kalenslife Жыл бұрын

I have a question. When you say 15% should be save for retirement, this does not include emergency fund, and investing fund right? So basically, If you set aside total of 30% of your income every month, 15% is for retirement, the remaining can be spilt to 5% for EF and 10% for investing. Tama po ba? Or is it the other way around like when you say you save 15% this already includes EF and investment fund? I hope someone can enlighten me. Thank you in advance!