Скачать с ютуб How to Save Money on Low Income 2023 в хорошем качестве

How to Save Money on Low Income 2023

How to Save Money on Low Income 2023 FREE Downloadable Guide: https://drive.google.com/file/d/1RNSE... Subscribe    / @growth_guide.   Action Plan: how to implement strategies Step 1 - Systemise your finances Open separate accounts with two different banks: Bank one (monthly operations)- Income, fixed expenses, operating expenses, Bank two (savings)- Savings , long term fixed expenses, emergency savings (6 months of expenses) Only have bank one easily accessible via banking app The more out of sight bank two is, the less likely you will interrupt the system, obviously use your discretion It’s important to organise your finances so you can automate the money decision making process monthly IMPORTANCE OF 6 MONTH EMERGENCY SAVINGS - it’s a matter of prioritising your families security for the near future, over short term pleasures Step 2 - Plug as many holes in the bucket as possible Audit and track expenses regularly Any money saved from reducing or eliminating expenses, must be allocated to a savings bucket Manage lifestyle creep - as you build your savings make sure you are not unnecessarily upgrading your lifestyle. If your lifestyle creeps with your savings, you will be stuck on the hamster wheel, pedalling and not going anywhere. Step 3 - Commit to a fixed % of income to save Pre-determine a % of your income you want to save Always put this money away first before anything else gets moved, even before your expenses You will notice that your money decisions will naturally change with this commitment Step 4 - Open the income tap as much as possible Never forget that making more money is always an option, the quickest way to fill that savings bucket after plugging holes, is to open that income tap Engage in overtime at work if avaliable once a week and save the extra - extra $100 per week = $5,200 a year Survey the job market to see if you can get a higher paying job Build a side hustle - even as simple as arbitraging (buying bargains on facebook marketplace and reselling for higher value) Upskill to get better job or build other streams of income Manage lifestyle creep and put away this extra income into your savings bucket. Again if you make more then end up spending more, you’ll never get off the hamster wheel. Video Chapters 00:00 - Intro 00:30 - Problem 01:46 - Solution 04:39 - James 07:37 - Conclusion This is Growth Guide Your simple guide to growing your weatlh. Subscribe    / @growth_guide.   DISCLAIMER The information in this video is for general informational purposes only. It is not intended to be a substitute for professional financial advice, viewer discretion is advised.