You suck at saving money. Let's change that.

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Abundantia

Abundantia

Күн бұрын

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If you suck at saving, this video might help. Saving money has absolutely never been an issue for me, though I was programmed at a young age to take finances very seriously. But what if you didn't have the same?
In this video, I want to address the things that I've done to get better at saving money, and how I've managed to keep my eye on the prize after all these years. And also, a few psychological insights into why most of us are so bad at saving.
Below this video, I'd like you all to share your own money saving tips with the community, if you have any. Together, we can all share much more info than I can on my own.
I hope you enjoy this one.
0:00 - Going on an adventure
1:36 - The actual start of this video
2:36 - Our primary motivators
4:21 - We prioritise the pleasure of spending
4:59 - Why we're terrible at delayed gratification
5:54 - This is what's worked for me
9:01 - Let me know what's worked for you
9:40 - A short intermission
10:29 - Having a physical representation of your savings
11:55 - Turning saving into a habit
12:58 - Tell yourself better stories
15:47 - "Things" will never make you happy
16:58 - Find your financial balance
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Sorelle and Leon.
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#SaveMoney #Savings #PersonalFinance

Пікірлер: 632
@Abundantiaco
@Abundantiaco 2 жыл бұрын
Please share your own money saving tips below this video! Use the code KZfaq at checkout to get 20% off our financial freedom course and membership: jointheorder.co/
@mynameisneb
@mynameisneb 2 жыл бұрын
I do an automatic deposit into savings like you mentioned. One of the best things I ever did
@stolearovigor281
@stolearovigor281 2 жыл бұрын
My saving tips: I am transporter. I transport cars in USA, nation wide. I work without weekends, don't rent and live in my truck. So I spend just for food and clothes. Everything else is going to savings. As result I travel for free and plan to spend on my first real estate soon. ( Money will be garbage soon, as it was planned by bankers and corporate, so I have to hurry up.) Best regards 👋
@marionalbert498
@marionalbert498 2 жыл бұрын
Sorelle, I’m with you on it being painful to spend money on a car (depreciating asset). I love saving & investing & seeing my money grow. I was not always like this, but once I set the goal & a number to be financially independent, it’s been a serious motivator.
@Canuckbelgo
@Canuckbelgo 2 жыл бұрын
I just put all the "excess" money from my salary in a savinsg account - not that I earn any actual interest on that of course but it stops me from spending it. It also helps to have an objective I suppose...and mine is to convince my husband to leave Europe for Latin America...
@CrushingPhotography
@CrushingPhotography 2 жыл бұрын
Hey Sorelle, you mentioned you'll share the links on the services you use to save precious metals, but I don't seem to find it. Thanks for the video!
@salutsam
@salutsam 2 жыл бұрын
From age 16, my mum taught me to save 50% of everything I earned, so every time I have a salary coming, half of it is transferred automatically in my savings account. You wouldn’t believe how easy it was to live on half of a salary, even though I paid a little rent to my mum. I’ve saved so much money by the time I was 20 and ready to travel the world. And I did. I worked a lot outside of my studies and managed to get student financial help sometimes, and always saved half of it. Thanks Mum!
@derealfreakydaddy
@derealfreakydaddy 2 жыл бұрын
I’ll try this out because I tend to spend everything I earn Even though they are beneficial.
@bumblebee803
@bumblebee803 2 жыл бұрын
I do that too. Even with a mortgage I still save. I feel guilty if I don't.
@TheNicoliyah
@TheNicoliyah 2 жыл бұрын
Ur mum is a G! I teach my daughter to always save at least 10% and she now does it without thinking (should have made it higher, she might be a millionaire by now!😂)
@janisberzins2703
@janisberzins2703 2 жыл бұрын
That is a parenting done right! 👍 And it is amazing that you listened to her!
@Ogham
@Ogham 2 жыл бұрын
Super easy to live on half a salary when your mum is supporting you, yeah 😆
@ChristiRich
@ChristiRich 2 жыл бұрын
When I turned 30, I realized that consumerism only led to short term happiness and debt, whereas saving and investing led to a more lasting happiness. And that’s what motivated me to stop spending, start saving and smothering debt. I made mistakes, but learned from every misstep.
@marlyvan9819
@marlyvan9819 2 жыл бұрын
Myself and my partner started doing no spend weekends to challenge us to save more money. It’s actually become one of our favourite things. Finding fun activities that you can do for free that weekend. Examples: volunteering, exploring, hiking, board game nights, replaying old video games, trying a new recipe with only food from the pantry ect
@TheNicoliyah
@TheNicoliyah 2 жыл бұрын
That sounds like good clean fun, love that!😍🙌🏾🎊
2 жыл бұрын
I would suggest it to my partner. Thank you for the idea!
@Ogham
@Ogham 2 жыл бұрын
Love this!
@gabriellelinda7866
@gabriellelinda7866 2 жыл бұрын
It's so much easier to save money when you have a plan for that money! When you have a plan for it, your money wants to stay with you. Saving up for a specific goal gives you a good reason to not waste money on things that are not of value in your life because you know that wasting money will bring you farther away from the goal you want to attain!
@Abundantiaco
@Abundantiaco 2 жыл бұрын
I've always believed that money flows to those who are the most organised with it.
@gabriellelinda7866
@gabriellelinda7866 2 жыл бұрын
@@Abundantiaco I absolutely agree! Keep up the amazing videos Sorelle, you're unreal
@AmeliaHeldt
@AmeliaHeldt 2 жыл бұрын
My neighbour (family friends of ours who are very financially free) always used to say “I got a bill today!” with a level of happiness - when I asked him “why are you so excited about a bill coming?” he said “because I can pay it, and I remember when I couldn’t” That hit me! It’s that mental switch isn’t it?
@ayinesk5205
@ayinesk5205 2 жыл бұрын
Personally, to me saving is like a videogame: I'm collecting points that I can be proud of to fight the final boss later on. I always enjoy putting it aside, no matter if it is a tiny pourcentage or a bigger one depending on the month, and I feel so rewarded when I count this money. It just gives me pure endorphins!
@elisabethscholz7502
@elisabethscholz7502 2 жыл бұрын
I had to work in a retirement home for a few months (I´m a nurse) and it was so highly shocking that I said to myself: I never want to live like this. I want to be able to get a qualitative care when I am old. It sucks but it is true: You get much better care when you can afford it.
@annastayziaa
@annastayziaa 2 жыл бұрын
I started saving money well because I was tired of the life I was born into and wanted to be free to create and live. it worked!
@Abundantiaco
@Abundantiaco 2 жыл бұрын
EXCELLENT!
@lukedylon3971
@lukedylon3971 2 жыл бұрын
Re name your second or third bank account (savings account, where you actually save). Name it something positively enforcing like "owning my own freedom" so when you look at the digital statement it reads as transfer to 'owning my own freedom' or 'my home that I own' so it doesn't feel like it's been taken away from you.
@FritzOettinger
@FritzOettinger 2 жыл бұрын
I simply started with 1% allocated from my paycheck to a separate account and increased it by 1% each month until it hit 60%. The gradual transition allowed my mind to catch up to the lack of funds in my checking account. The relief I felt by being able to “spend” what was in my checking removed judgement.
@colewood8475
@colewood8475 2 жыл бұрын
Going sober really helped me get emotionally attached to saving/investing. It was like a switch flipped - the mindset changed to "now I'm looking after my present & future self by putting aside that money I'd otherwise spend". Funny thing is, I'd often use drugs to take the edge off - money being a huge stressor - now I don't worry as much, instead just keep saving & being sober. I've hear its good to substitute one thing for another. Now I'm hooked on pursuing financial freedom!
@DemetriPanici
@DemetriPanici 2 жыл бұрын
*"It is not how much we have, but how much we enjoy, that makes happiness." Charles Spurgeon*
@Abundantiaco
@Abundantiaco 2 жыл бұрын
Great quote!
@willammathieu4721
@willammathieu4721 2 жыл бұрын
Hello Demetri. I enjoy Charles also. May I finish that quote?? It's enjoying what we have. My bad.😁😁 I reread what you posted. You did say that in your own way.
@felixtaveras179
@felixtaveras179 2 жыл бұрын
I started prioritizing saving after reading The richest man of babylone: it says that a part of all my earn is mine to keep.
@Abundantiaco
@Abundantiaco 2 жыл бұрын
YES! Such an incredible book.
@aliciahubbard
@aliciahubbard 2 жыл бұрын
Just finished this book !! And started saving too.
@irislaw2277
@irislaw2277 2 жыл бұрын
I love that book!
@eduardom800
@eduardom800 2 жыл бұрын
To me the richest man fo babylon was about managing cash flow. I think that saving is just a variable of the whole formula.
@a8solut
@a8solut 2 жыл бұрын
great book
@its.rachel.hickey
@its.rachel.hickey 2 жыл бұрын
I love this video!! Once I got SO sick of having debt and living paycheck to paycheck, I just made it a priority to get RID of it so I can someday live so much for freely and happily in the moment! I started with $250,000 USD in debt (mostly student loans) and am now down to $187k, have my first investment property and plan to be debt free and semi-retired in 4 years!😄🤞🏼 I’m also documenting the whole journey here on KZfaq to keep myself accountable.🙂
@annastayziaa
@annastayziaa 2 жыл бұрын
y'all, so this is what worked for me: 1) reduce my expenses and use the money that I am saving from lowering my expenses to pay off my debt 2) finish paying off my debt 3) saving 4) saving enough to change my life/job 5) change my life/job, but still live frugally.
@Diego-Designs
@Diego-Designs 2 жыл бұрын
I'm an artist, so delayed gratification is a must for us. Until the final stroke is done, everything looks incomplete.
@CourtneyBellYoga
@CourtneyBellYoga 2 жыл бұрын
A savings motto: "Pay yourself first!" Think about your future self and loved ones with your income, and set up an autopay to your savings!
@SamLui
@SamLui 2 жыл бұрын
I love how you're blending your filmmaking skills that you've used in your main channel into this one! Bravo!
@Abundantiaco
@Abundantiaco 2 жыл бұрын
Thank you very much!
@gavindiwijeratne6182
@gavindiwijeratne6182 2 жыл бұрын
its more like brava :)
@evoj.
@evoj. 2 жыл бұрын
100% agree. Such good content, and extremely well put together.
@Bk-mm5vb
@Bk-mm5vb 2 жыл бұрын
The only purchases that I enjoy making these days are high quality items that I know will retain value. Escaping the consumer lifestyle and saving/investing instead is so freeing.
@ClaraPNAraujo
@ClaraPNAraujo 2 жыл бұрын
I laughed so hard with "how on Earth is saving so boring" because it's literally my financial habit that I find the most pleasant and that keeps me motivated to be responsible for my money. I literally have fun thinking about the next transfer i Will receive and thinking about how much more Money Will go into my savings account LMAO
@y488
@y488 2 жыл бұрын
Motivator: Inflation. Learning that purchasing power decreases over time. Rather than spending, learning that investing can outpace inflation - and seeing the gains plus dividends overtime - were significant motivators.
@hitmanjonesy1586
@hitmanjonesy1586 2 жыл бұрын
Started as a "one step at a time" vision for me in 2014. I prioritized attaining my goal, i.e. buying a new laptop, and then as soon as I achieved that goal, set another one IMMEDIATELY. Okay, got my laptop, now I need my first car. Okay, got my first car, now I need approximately 5k to 10k to move out of state and have a cushion while I enjoy life for a lil 2 month vacation and THEN look for a job. Okay, then once that's done, I want an apartment, so I need money for a down-payment for that. I by NO MEANS am a saving expert. But I do feel I am more financially free than MOST of my friends. Not at ALL where I WANT to be. But I am gradually working on it. My next goal is top surgery, which is approximately 10k, then it'll be a new vehicle ( mine's falling apart ), and then it'll be a down-payment on a house. A house will help me save more money than apartment rent, so then I can save quicker, and work towards my goal of being financially independent through my craft: Art.
@Abundantiaco
@Abundantiaco 2 жыл бұрын
Such great goals, especially in order to pursue your art!
@byronrogers4489
@byronrogers4489 2 жыл бұрын
Awesome!! My problem is trying to do everything at once. Multitasking is a joke. Focus is powerful. Thanks for sharing.
@kellygerhart8552
@kellygerhart8552 2 жыл бұрын
Cute cue cards. Love your videos. Maybe I can get surgery too…… house….. and I am really old now. Pain of street life, a great fear
@hitmanjonesy1586
@hitmanjonesy1586 2 жыл бұрын
@@Abundantiaco It's my dream! I hope my efforts aren't all in vain ( although it feels like it )
@hitmanjonesy1586
@hitmanjonesy1586 2 жыл бұрын
@@byronrogers4489 Multi-tasking is a curse, especially to those of us with ADHD; we just end up getting nothing done, but starting a LOT of things;;
@MandzMakes
@MandzMakes 2 жыл бұрын
What forced me to change from a spending to a saving mindset was literally writing out every single transaction I made into a spreadsheet. I have it set up in a way where I can see what my monthly savings will be after all of my payments are taken out, and it decreases every time I spend. And I don't want that number to go down much so I just don't spend! Seeing the numbers out in front of me like that can really help me see where I can cut back to keep the final number high. It works for me at least!! & also tbh your videos helped a TON with mindset. I definitely had the money = bad mindset before watching your videos & now I lowkey love money and spend it ONLY on things I truly want after thinking about it a long time.
@QuanTheAlchemist
@QuanTheAlchemist 2 жыл бұрын
Here are my 10 extra tips to INCREASE your daily manifestations that I’ve learned over the years..👇🏾 1. Practice gratitude every morning. When you wake up, list everything that you are grateful for and feel that gratitude in your core. Feel free to write things down in a journal so it is easy for you to remember. 2. Replace your negative thoughts with positive ones. Every time you feel a negative thought coming on, make a positive spin on it right away. 3. Take ownership for things that happen in your life. It's easy to blame others however you will feel much better when you realize that most issues stem from us. 4. ALWAYS believe that good things are about to happen. By being open to new possibilities you are inviting abundance into your life. 5. Remember that like attracts like so you get back whatever you put out, whether it is good or bad. So do good AND received good. 6. Meditate for five minutes a day. During this time focus on how you want your life to be; but place your focus on how you feel AND feel that feeling as if you have already accomplished those goals. 7. Step outside of your comfort zone. Stop playing it safe and make that decision to finally go for your dreams. 8. Focus on activities that make you feel truly happy. When you are truly happy you have the best vibrational frequency to manifest your desires. 9. Avoid the naysayers and surround yourself with people who only lift you higher. Downers will be downers, don't let them drag you into their misery. 10. Don't be afraid to dream and know that you are always supported by the universe. Hope this helps! - Your Friendly Neighborhood Coach ❤
@AliasEveWatches
@AliasEveWatches 2 жыл бұрын
During my early 20's, things were rough but I was still lucky that I live with my parents and had minimal expenses. I was also lucky that my first job paid well. Because of that, I was able to save 70% of my income. I know 70% is unrealistic for people who have a lot of unavoidable expenses but key is to really minimize your expenses and delay treating yourself starting when you're in your early 20's
@francescadiana
@francescadiana 2 жыл бұрын
Something I find helpful is putting the price for things into perspective. If I earn x amount of money in an hour, am I willing to eat out for lunch every day and spend one hours pay, or do I pack my own lunch? How we value items and contemplating the price of things gives us our power back. When we never question, we merely consume.
@laurakorn4486
@laurakorn4486 2 жыл бұрын
A savings tip I've implemented into my spending is if I see something I like and want to buy, I do not buy it instantly to satiate that instant gratification. I will wait a few weeks and if I am still thinking of and do actually want that item then I will purchase it because I can see that it wasn't just an in-the-moment response. I also tend to buy online now because I have the chance to search for and apply discounts I wouldn't otherwise be able to use in person.
@lisar915r9
@lisar915r9 2 жыл бұрын
Here's something to keep in mind. In the USA, there are so many people who hate their jobs. So many people get depressed on Sundays. Or their health might suffer from all the stress. But on the other hand, if they live frugally and save as much money as possible, they can leave these bad situations since they have that cushion.
@jovanamilojkovic3755
@jovanamilojkovic3755 2 жыл бұрын
Since Sorelle mentioned you should create a habit for saving money, I would highly recommend the book Atomic habits cause there you can find some usefull ideas for saving money and for creating habits in general :)
@evadeanu1
@evadeanu1 2 жыл бұрын
Thanks for reminding me to re-listening to Atomic Habits.
@timharrington4470
@timharrington4470 2 жыл бұрын
I keep that book on a shelf close by at all times because it offers a lot of wisdom. James Clear also is on KZfaq so you can access the principles through watching videos. If you are into self-help that is a great resource.
@stolearovigor281
@stolearovigor281 2 жыл бұрын
Agree
2 жыл бұрын
The 10% rule is the best way to go! Just by being such a simple principle - it changes the whole perception about money. Super easy to do - super exciting to observe. It opens the door to a world where you want learn how to control of your finances, save and get the best out of your situation, no matter where you stand. I started to apply it when I was dead broke and it has changed my life ever since. For that - thank you Sorelle and of course “The Richest Man In Babylon”.
@vanyapinto-basto9686
@vanyapinto-basto9686 2 жыл бұрын
I read a quote, “ i want to be so financially stable, that G_d uses my pockets to bless others.” I come from a single parent household. Where my mum sacraficied the little that she had for me. the motivation behind my wanting to save and learn to invest is to be able to look after my mum in her retirement and pay it forward to the charities and organisations that are working to make this world a better place. ANd to travel.
@SorelleAmore
@SorelleAmore 2 жыл бұрын
That cozy warm outfit though.
@Abundantiaco
@Abundantiaco 2 жыл бұрын
Toasty.
@CourtneyBellYoga
@CourtneyBellYoga 2 жыл бұрын
Oh my gosh, when you're in the car but we can hear the wind blowing... you don't make it LOOK cold but I know that even summers in Iceland I want to wear wool!
@eveosiris3039
@eveosiris3039 2 жыл бұрын
@@CourtneyBellYoga right?!?! I moved to Michigan and currently have no coat because I wanted to make sure the kids got coats first. I am freezeeeeeiiiinnng!
@its_soops
@its_soops 2 жыл бұрын
agreed lol
@maverickescalante5663
@maverickescalante5663 2 жыл бұрын
Haha I love how you comment on your other page (subscribed to both pages ❤️)
@florencesolis
@florencesolis 2 жыл бұрын
I got serious about saving when I found my passion of art and realized that it's what I wanted to do. I started saving so that I could leave my 9-5 job and it has saved me a lot of anxiety now that I'm a full time artist. What I've done that worked for me is having an excel sheet listing everything that I make and spend. Savings were part of my spend list and it was on top of bills. It doesn't mean that I saved more than my bills but I made sure to pay myself first every time I got paid. It has become a habit now and I can't imagine living the way I did before I started saving :)
@stephenbrickwood1602
@stephenbrickwood1602 2 жыл бұрын
The lie is easier to believe than the truth for many people. Brave strong people face the truth.
@brotha-nature2244
@brotha-nature2244 2 жыл бұрын
I got into an MLM , I'm no longer in it but they taught me how to basic budget and financially plan and set goals . They got me thinking about how being financially set up well would help not only me but my sick mom and the rest of my family , I'm fortunate after loosing my childhood home a few years back and almost becoming homeless to live with grandparents and save money ,I work just about 24/7 but My goal is to save 10,000 a year and buy a house in the next 5 years . I went from nothing to working to meet as many goals as I could set for myself . I also have worked my way up to making more money but haven't really changed my expenses to match which helps me save , a strong budget and a plan can work miracles , especially if you wright it out often even just for fun . 3 month plans, 5 years plans ect. Are Game changers . You have to have a dream and a reason , something you picture paying off after you sacrifice a small bit . Love your videos!❤️
@michaelhaardt5988
@michaelhaardt5988 2 жыл бұрын
While saving actually never was a problem for me, your videos are always inspiring and you didn't disappoint my expectations. Here is my tip: Finding the balance between spending and saving requires to know why you want something: Because you truly want it for what it is, or because of what it symbolizes for you or perhaps for your environment, or because spending itself is the joy by causing a feeling of temporary gratification? Reflective thinking requires the unpleasant acceptance of personal weaknesses, but also allows to know and reach your goals by building a path that does not conflict with your nature. Now if only I could phrase that as cheerful as you always act.
@catherinel8839
@catherinel8839 2 жыл бұрын
My mama always told me, don't relay on nobody but yourself for financial independence. As a teen I was alll about being independent and i realised shelter was the most basic human need. I wanted to have that sorted, so, I was on a mission to save for my own shelter - a house. I'm almost 40 and I have sooo many female friends in such a struggle of a position after having babies and being reliant on their partner to have it all come crashing down. Leaving them with babes in arm and no financial support, some have experienced living in cars (Shockingly more (Aussie) women than I would have ever dreamed). Girl, he might be the most amazing love of your life but - best to always have your own little safety net just ticking away in the background for when you do meet your love, thats always there for you and yours to fall back into if ever needed. (I know, I struggled with it feeling a bit pessimistic but oh well, if all is good then its good to have an extra investment too.) PS. Money compounds, its not that hard to get a little property and have it positively geared ticking away in the background (rented) while you live where you want, its possible. Oh, how do I stay motivated? I just look at the balance a lot and like seeing it grow as it offsets my mortgage, so I in fact pay less interest as my house gets paid off quicker. So double winning in my mind.
@438019
@438019 2 жыл бұрын
That was a FANTASTIC opening, I was thinking our Sorelle is stretching herself by getting in some acting, impromptu, dramatically minded scenes. So seeing the deserted tractor, thingymajig digger (with the flat tyre) and imagining it to be a Martian landscape IS the first step in the creative process as a Method actor. So act on girrrrl!! You said that was one of your dreams to get into acting so this is it.
@Motoboo_Marine
@Motoboo_Marine 2 жыл бұрын
I joined the military to get away from home. My primary motivation was and still is that reason. I was just miserable there. The military is its own brand of miserable, so I didn't re-enlist. I don't regret joining up, but staying in for 20 just wasn't for me. But I also wasn't going back home. Luckily, came across a really well-paying contracting job overseas which I did for the next 3 and a half years, which I managed to save a little over 80% of my total earnings (lived in military provided housing and food was free, provided you ate at the chow hall). I ended up having to go home anyway due to a certain country's pullout of another certain country, but not before saving up enough to buy a decent house cash if I wanted to. I'm still short of my total goal, which would be enough for me to become a full-time landlord, but I'm almost there. Staying at my folks place doing school paid for by VA benefits, and hopefully within the next 6 months I'll be able to start working again. I just gotta suck it up for a little while longer, then I know I'll be where I wanna be, and most importantly I'll be able to say I never had to borrow any money from anyone else in order to get there, aside from maybe some strategic mortgages in the future.
@JLW667
@JLW667 2 жыл бұрын
10:46 👏🏿👏🏿👏🏿 12:29 automation 16:42 Rich vs Wealthy
@MoneyGist
@MoneyGist 2 жыл бұрын
Like you said, saving is boring. What helped me was investing in stocks instead. Every month, I'd take a portion of my income and buy some shares. The cool thing is you don't need a lot of money to do this. But even owning a single stock made me feel like I owned the company. I'd receive annual reports in the mail and really feel great. It was fun! Something else that helped was giving my stockbroker post-dated checks (effectively a direct debit). That way the only decision I had to make when the time came was which stocks to buy. Which was cool. Made me feel like Buffett. One more reason to invest rather than just save is that most savings accounts barely pay enough interest to cover inflation. So you'd be losing money if you just leave your money in the bank. On the other hand if you just bought an ETF that tracked the market, you'd definitely make more than inflation. So, don't save. Invest.
@shaneykanhai600
@shaneykanhai600 2 жыл бұрын
SAVING TIPS: I use saving accounts with very specific goals, so some of them are, gifts (because I like being able to spend money on them whilst making it creative), good cause (speaks for itself), only me (so money 100% for ME), health care and rainy day for when I might need it. In 2016 I really wanted to go to pentatonix (acapella band) and I also really wanted to go VIP and those tickets were more expensive so I saved like a thousand euros for that which was unnessecary but I got SO excited that it was just fun to look at that number grow. I also have 2 savings that I can get money out of, because I never have money on my running account so I always have to 'get' money that is meant for my things from the savings that were meant for it. So, I have groceries and I have piggy bank and the grocery one is kinda obvious but the piggy is for travels with the train or a quick bite to eat or something else. And it's funny because most of what sorelle said I already do. I pay bills first and save and divide the rest into my specific savings. Not having money on your running account makes it easier to know where it goes because you always have to take it from somewhere and because of that you're more aware to what you spend your money on. And how much. You want expensive shoes, make a savings account and name it those shoes and see how fast you have them. My bank has this option in an app I can't say you do too but definitely check and otherwise call your bank to see the possibilities!
@melbacarolinareid9828
@melbacarolinareid9828 2 жыл бұрын
Great tips! Especially the tip about not having money on your everyday account. I divide my savings into different categories too but have some still on the everyday account. Interesting approach, will give it a try.
@lifebeyondthesalary2458
@lifebeyondthesalary2458 2 жыл бұрын
I do this too!!! I use sinking funds (maybe they should be called rising funds?) & have quite a list together. All total I think I have about 30. I even save for my trips to my hometown so that we can do fun things while there & stay at my favorite hotel.
@robyncampbell7289
@robyncampbell7289 2 жыл бұрын
I use the money jar system to manage my money. So I'll split my monthly income into 55% - Necessities, 10% - Financial Freedom (savings for investments or something to grow your wealth), 10% - Education, 10% - Long Term Savings for Spending (for when large expenses come up eg. Buying a car, to replace a fridge etc., 10% - Play (coffee outings, treats or adventures) and 5% - Give (giving is an important one no matter how much you earn, we need to give to others without the expectation of anything in return).
@peterluisvenero
@peterluisvenero 2 жыл бұрын
I started prioritising savings when I discovered “the great barrier” and how exciting it’ll be to (mindfully) spend interest from my savings from the other side instead of spending the principal that retains that great barrier. I also to refer to savings as investing because there’s a more substantial sound psychologically to investing as opposed to savings for me.
@dbadaddy7386
@dbadaddy7386 2 жыл бұрын
Saving is important, and everyone should have a certain amount in an emergency fund, but it makes more sense to pay off credit card debt over savings. First, get out of debt. Once you are on track to reduce debt, then skim a bit to the side, and every time one bill is paid off, take the money going to that bill and pay that much more on the next one. Although prioritizing the highest interest rate debt makes more sense from a financial point of view, working on the lowest balance debt means you will pay that one off faster and getting that dopamine rush from making the final payment is pretty nice too. So, highest interest or lowest balance, picking a method and sticking to it will lead to success. And even a couple of bucks a week in a can as emergency savings will add up.
@JayZoop
@JayZoop 2 жыл бұрын
I got way ahead by buying a house when the housing market was way down. Then sold it 5 years later. Next time the housing market crashes I will be ready to buy 2 or 3 homes.
@lisaia7877
@lisaia7877 2 жыл бұрын
Growing up I lived in an abusive situation where I honestly didn’t think I’d be able to get out of it alive. I thought I would be trapped forever or suicide first. So I decided any bit of money I could scrounge up I’d save. If I didn’t see any other future besides death for myself then what’s the harm in trying the one thing I could see where if some how I could save enough I could disappear- but in a happier way, and not the type that wiped me out from the earth. Whichever came first- if I got out or if I died I was ready to accept because I had nothing else going for me anyways. Dark I know but I staked my life on saving, and eventually I had enough and the moment I did I left and never returned.
@karenannemaddox5794
@karenannemaddox5794 2 жыл бұрын
When I was in high school in the 70s. I had 2 house cleaning jobs a week. Every Saturday I walked down to the bank and deposited my $9.00 into my savings account. My brother needed money at one point and he sold me ten Elton John albums for $10. Sadly I have not kept up my savings like I started out doing but I am getting back into the habit.
@annonm6634
@annonm6634 2 жыл бұрын
I used to be absolutely horrible wit saving money but my mindset has changed recently as I began to set myself little goals for saving. i almost made it into a game and now saving is so much fun watching my account grow bigger and bigger. I have nearly saved 10k CAD playing this little game, and will definitely set another goal for the new year to save another 10k even sooner than October! I’d love to see how these vision boards work as I want to eventually buy a plot of land but don’t even know where to start with this goal
@RealmOfSamu
@RealmOfSamu 2 жыл бұрын
I was inspired to save money after reading a story in my textbook in 2nd grade. It was about a brother & sister who saved up their pocket money and bought books and made a community library in their village. This story was especially astounding to me because I also loved books and wanted to do the same thing! Later in the story, the brother & sister saved more money and bought 4 chickens for their mom & sold the eggs and then they bought more chickens.. And built a small farm & it was such a beautiful story, I was so inspired by it at that stage that I saved literally every penny I got since then. It began with me saving up to buy smth and once I hit the goal of saving an amount of money that was required to buy that thing, I realized, I no longer wanted to spend all that money that I had saved in just one purchase. And later down the years, that's what happened to me... I just fell in love with saving. Because whatever litol money I had was little cushion, a very comforting little thing. My friends & family called me cheap & tightass that I didn’t want to spend any money or dwelled on spending money on smth for so long... But I loved it. I loved the feeling and I still do.
@debaffleck443
@debaffleck443 2 жыл бұрын
I am only at the beginnings of my savings habits journey...but what changed for me were a number of things, (over a decade).. getting to experience better mental & physical health services, (dealing with the source issues) and I as finally getting into perimenopause & the changes in my hormonal cycle saw my finally bring able to save money a bit longer each time.i am still in the early stages of this, but being on the cusp of menopause has helped me significantly.
@ricke3420
@ricke3420 2 жыл бұрын
Consumerism is a big motivator for spending what we have and what we haven't earned yet. Trying to impress people around me with nice clothes and things that I thought would make me look successful made me one broke individual. I changed my spending habits one step at a time. I had money transferred out of my paycheck when I got paid and I never missed it. I got two side hustles and save almost everything I make. Now I'm in my 50s and have had very good success saving money over the last 35 years. Do it for yourself and don't worry about what other people think.
@teodorailieva9700
@teodorailieva9700 2 жыл бұрын
Hey, I couldn't read all of the comments, so most probably someone has already mentioned my advice, and it is kind of similar to the first reason why Sorelle could start saving money. I grew up in a household where we couldn't always afford everything we needed, so we had to make sacrifices. I wanted one day to be able to live free of fear that something might go wrong, I might lose my job, and have no money and be in a situation similar to my childhood's. The other thing is just my freedom, which is the most important thing for me, I don't want to depend on anybody for anything. This is why saving money is a priority. Plus, you can still buy new amazing stuff, and have savings, it's about planning and conscious shopping. I hope this helps, cheers :)
@annastayziaa
@annastayziaa 2 жыл бұрын
sorelle!!! i forgot to tell you!! I finally made my Patreon with the inspiration of one of your videos as my fuel and I'm making thousands now just a few days into it!! thank you for the inspiration and also thank you for the advice to price yourself higher!! I did it and it worked well!!
@ClaraPNAraujo
@ClaraPNAraujo 2 жыл бұрын
May I ask in what video does sua mention Patreon? I'd Love to watch it because I am a Patreon creative myself
@karthyenisridaran6220
@karthyenisridaran6220 2 жыл бұрын
The one thing that I took away from Robert Kiyosaki years ago… pay yourself first… and that’s how I learnt to save… also learnt early that pay off the credit card in full every month… so you can have credit card for convenience but never get into unmanageable debt!! Love your videos… you have a lovely practical inspiring vibe!! Power to you!!
@ShermanWilliamsVideo
@ShermanWilliamsVideo 2 жыл бұрын
Before the pandemic I was living check to check. I worked hard and got a raise, built an editing system and started doing freelance gigs. I saved a couple of grand for an emergency fund and then I paid off my credit cards and debts. When the pandemic hit freelance work dried up for me so I'm still paying off my college loans. I got burned out on editing videos all day at work and all night at home so now I'm looking for another way to make money.
@frizireka
@frizireka 2 жыл бұрын
Thanks so much Sorelle! Don't stop making these vids! I need you lol
@uiscef7276
@uiscef7276 2 жыл бұрын
I saved money almost by accident in lockdown and now I am emotionally attached to those savings and wish to grow them/keep them rather than spend them.
@marycherry8D
@marycherry8D 2 жыл бұрын
You are amazing. You changed my life so much and I'm so excited to see you continue to grow and share you knowledge with us. Gratitude, Sorelle.
@Abundantiaco
@Abundantiaco 2 жыл бұрын
Aw, thank you! So happy to hear I've made an impact.
@j.stokosa2964
@j.stokosa2964 2 жыл бұрын
@Sorelle, I decided to do this. This thing of my business. Started saving. Planned some goals. But I still have doubts. I'm a beginner graphic designer/illustrator/artist (let's say) and there's so many better ones out there. I don't know how to sell a product which I don't really like myself. I mean, it takes me like 24 hours to see that I don't like the stuff I made. I know being a millionaire isn't gonna happen overnight, but I'm just sooo concerned about the fact that I really... don't know what I want to do. And if I'm able to create beautiful, desired stuff. I put my schedule - updating social media and all of that but then my "Goal" section is really vague - I don't feel like I have the skills needed (drawing and so on) and also I don't feel like my ideas are worth anything (and they are not really unique) and I just feel like a mess. Any advice? ... Anyone? ;^;
@colinevoyage
@colinevoyage 2 жыл бұрын
Thank you as always for your amazing content, Sorelle !
@stopthink7202
@stopthink7202 2 жыл бұрын
Love that upbeat positivity and cheerful intensity of yours. Watching your clips is like a relaxing meditation.
@spiketrademark1099
@spiketrademark1099 2 жыл бұрын
Thank you for sacrificing your warmth for content and entertainment. Your energy just blasts out of the screen, great way to start the day.
@meeteeZ89
@meeteeZ89 2 жыл бұрын
I just found you and I'm sooo glad. You've renewed my need to save. I'm gonna give this a go. Thank you for your advice.
@iamsalia
@iamsalia 2 жыл бұрын
This video was perfect! let's keep this discussion going 👏 👏 👏 I've been watching you for months now and I have witnessed how we have both grown. Well done Sorelle!
@kopimi
@kopimi 2 жыл бұрын
I love your attitude and your fashion, soooooo charismatic and random. Thank you so much for the knowledge you share with us.
@leefowler3240
@leefowler3240 2 жыл бұрын
great delivery Sorelle, keep em coming
@iamsalia
@iamsalia 2 жыл бұрын
This video was released on my birthday and it is my favourite video. I love you and your content! 💓💓💓
@ezenami
@ezenami 2 жыл бұрын
there are two quotes I love that once internalized, make saving easy "You're not your job. You're not how much money you have in the bank. You're not the car you drive. You're not the contents of your wallet. You're not your ****ing khakis" - Tyler Dryden | Fight CLub & "There is nothing outside of yourself that can ever enable you to get better, stronger, richer, quicker, or smarter. Everything is within. Everything exists " - Miyamoto Musashi
@magalactica_
@magalactica_ 2 жыл бұрын
I'm from Argentina and since I was very little I started saving (my family encourage me to do it) in USD, and saving in a stronger currency really helped me because it's way more painful to change that money back to pesos, and then spend it, and also there's a lot of loss in value in changing it back to pesos. I also always wanted to live abroad and travel and the goal of having from 5k to 10k available for that first big jump was a HUGE motivator, every birthday or holiday I asked my family to give me money to keep on saving, instead of presents that I would not really use or enjoy. If I ever wanted something specific (a computer, a phone) I would talk to my parents and either work for it or help them in some way or capacity so that they could help me get it without touching my savings. The key is to know that YOU CAN MAKE MORE, be creative to find those opportunities to either save more or make the amount you need for X item or experience, instead of using what you already have saved. That money is untouchable.
@jennacurtindale6336
@jennacurtindale6336 2 жыл бұрын
So excited for the vision book video!!
@little_dunia
@little_dunia 2 жыл бұрын
Such a great video thank you ❤️ traveling changed my mind and also how much I consumed. Living 3 years out of a backpack which got smaller and smaller throughout that time made me realize that I didn’t need all those things, because our real happiness comes from how we choose to feel, from the inside and not dein external things.. 😊
@ssunkite1
@ssunkite1 2 жыл бұрын
Your vids are slowly turning a notch better with each posting in eye candy and content quality. Keep it up.
@hollzbaker6686
@hollzbaker6686 2 жыл бұрын
Can't wait for the vision book video! There wasn't a single event that turned me into a saver. Rather, a few mindset shifts and things I noticed. Minimalism and the environment was one. I try to be thoughtful about my purchases rather than letting other people tell me what I need. Our TV broke and we just never replaced it. No ads, no marketing. No junk mail, no sales newsletters, no swinging by the shops when I'm bored. If I don't know it exists I can't want it. I have big goals. I want a house in a regional area, with chickens, bees, a giant veg garden, space for future children to play in a yard. Right now I'm in a flat, paying it down hard we can make the switch. Also - my parents are older and renters on pensions. They are getting less mobile every year and yet they need to move at the whim of a landlord, pass by lovely houses because of steps or bath tubs or other non mobility friendly features. I vowed I would not be that old lady. I want to be the person who has the space to take in my parents later on if it's something they want. Strong goals and questioning the messages about what society says is normal.
@chrismichael7747
@chrismichael7747 2 жыл бұрын
You're an amazing human being. Thank you for the wisdom. I take something valuable away from every video. I love that everything you say has the intention of getting people to take action and create tangible change from within as well as from without💙
@ToopackFromAugu
@ToopackFromAugu 2 жыл бұрын
3:58 gotta love it. *spending it.
2 жыл бұрын
I love you Sorelle! You are on of my biggest inspirations in this moment of my life, your videos have opened my mind and have given me the impulse to accomplish my goals and change my life. Thank you for your amazing work!
@FpsRix
@FpsRix 2 жыл бұрын
You are awesome! Wish i had a friend like you, keep up the good work!
@ScottRuthvenFineArt
@ScottRuthvenFineArt 2 жыл бұрын
What worked for me was having 20% automatically deducted from my pay and invested in my 401k. The trick was to forget about it and adjust to living on the lower net for 6 months to a year. At that point, have a look at your investment account and you’ll have a big enough amount saved to really excite you! And…invested correctly, it becomes so much fun to see that money earn and grow for you! Now, my mindset is to only buy what my passive income from investments can pay for…never touching the principle, or what I call “killing the golden goose”. I love your show, Sorelle🙏👊
@angelaoh106
@angelaoh106 2 жыл бұрын
Hey Sorelle, I looooove your videos and energy! What do you think about the book "rich dad, poor dad"? I have some mixed feelings about it. Some great advice, but also sometimes sounds like seeling your soul. Not caring what you do to others for profit. I love how you stay true to yourself and try to rather have a positive impact. Much love 💚
@angelicamartinezmayen8981
@angelicamartinezmayen8981 2 жыл бұрын
I'm an aries moon too. We're not so patient and demand things fast, but you did it. Thank you for being so real! I have hope
@itouchtheskyslowlifeitaly
@itouchtheskyslowlifeitaly 2 жыл бұрын
Lovely Sunday morning here on the top of mountain. So instructive, helpful and inspiring watching your video. Cheers from the top of the mountain.
@Airhaert
@Airhaert 2 жыл бұрын
Excited for the video on vision boards to come!
@Kira-kg4kl
@Kira-kg4kl 2 жыл бұрын
No matter what video of yours I watch, I can honestly say I adore your energy, and I love all of your advice ❤
@donstoddard8458
@donstoddard8458 2 жыл бұрын
I'm 69 years old and you're also right just like my mother said save if only I had listened sooner
@MsMelody
@MsMelody 2 жыл бұрын
Love the switch up in your video! Soooo cool!! Great job! Much more work jumping on heavy equipment and driving around with your camera. It was informative and entertaining! Thanks again! Big fan :)
@vanillacaffelatte
@vanillacaffelatte 2 жыл бұрын
Thank you for this video! ^^ I hope there's more to come in that topic :D
@drewmagnus3564
@drewmagnus3564 2 жыл бұрын
I’m really enjoying the cinematic vibe to elements of your video. Helpfully underpinning the messages of looking for fun and enjoyment in life. No doubt this wasn’t accidental during the parts of the video talking about saving!
@amandakongsted1952
@amandakongsted1952 2 жыл бұрын
Thank u so much! This is so inspiring! I’m in the tiny beginning of my journey. I just received my first pay check with a lot of money compared to what I’ve earned until now - enough money to not be struggling through the month. I’ve seen a few of ur videos before and when I received this pay check I knew I didn’t wanna do the same thing I always do and adjust my spening to my income. And after watching a few more of ur videos it’s becoming so obvious to me how unsustainable it is to have these habits I have and sell my time and not to upskill and sell that instead. So thank u for helping me open my eyes more to my unsustainable habits, to the dynamics of society and my potential and power 🙏❤️
@lisaedmondson780
@lisaedmondson780 2 жыл бұрын
I love this video, Sorelle. Thank you so much. I'll start my 10% pay-yourself-first this month; though I had heard it a million times I had never been motivated to start until now. So thank you!
@alessiagandolfo9305
@alessiagandolfo9305 2 жыл бұрын
Loved this video so much! As usual :-) In particular i loved the pain and pleasure analogy because it connects us to feelings and can really guide us. I'm pretty good at saving at the moment because I have to in order to keep the free lifestyle and business I've built so for me it's really about avoiding the pain of being in a 9-to-5 job and more restricted lifestyle that motivates me! xx
@QueenZenaTheFirst
@QueenZenaTheFirst 2 жыл бұрын
Excellent video Sorelle
@gabrielcarraro8765
@gabrielcarraro8765 2 жыл бұрын
Whenever I see someone spending money on meaningless things I can't help myself but to think "wait, that's not smart (at least for me) and I do not want to be like that, to make the same mistakes. I wanna be better". That works like a motivation.
@tannugupta3293
@tannugupta3293 2 жыл бұрын
Love love love intro lol! Its so fun! I am loving to learn about finances from you including the course
@pawlieblog7967
@pawlieblog7967 2 жыл бұрын
I recommend the book/audiobook “Atomic Habits” for some inspiration on delayed gratification. It’s all about the specific “system” of small steps you use to make your vision and goals come true.
@gioiatiberi1053
@gioiatiberi1053 2 жыл бұрын
"Saving is delayed gratification" Exactly! By the way, looooved the intro
@Hoplite9
@Hoplite9 2 жыл бұрын
Ms. Sorelle, you are a doll. I enjoy your information. Your voice crushes ! Thank You so much. Even my Alexa has an Aussie accent. Love it.
@jenniferdahl-olsen6294
@jenniferdahl-olsen6294 2 жыл бұрын
Awesome Sorelle, loved it! I can say I am not the saving person, I usually used all my salaries on travelling, personal growth and fun, not consumerism, but experiences and at this age now 35, I am starting to change my money mindset and really appreciate your videos in this new journey!!! I can see and understand how I can do better to have more financial freedom and become more financially abundant!
@sauchi_sauchi
@sauchi_sauchi 2 жыл бұрын
yes please keep warm and teach about the making of the vision board
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