How To Budget And Save Money

Описание: In this video, we’re exploring how to budget and save money! For the past five years, I’ve been using this budgeting template I created, and it has been incredibly helpful. Before I made my budget, I didn't really understand how to save money because I was unaware of my spending habits. But now, by tracking everything and implementing four money frameworks, which I’ll explain in this video, I’ve gone from saving 0% of my income to saving 80%.

The best way to approach budgeting is to treat yourself like a profitable business by comparing your income to your expenses. To do this effectively, you need to track your spending for at least 2 to 3 months to understand exactly how much you’re spending in different categories. Then, you can adjust these categories in your budget by focusing on reducing your largest expenses to save money. Once you’ve optimized your expenses, you can then focus on increasing your income, which has unlimited potential.

To save money and boost your monthly savings rate, it all starts with managing your expenses and budgeting first. I hope this video can help!

Chapters:

00:00:00 The Shocking State of American Finances
00:01:04 Your Blueprint to Financial Freedom
00:02:06 Shine a Light on Your Finances
00:03:02 Reigning in Spending
00:03:51 Unnecessary Expenses
00:04:46 Weathering the Storms
00:05:37 From Small Steps to Big Wins
00:06:38 Crushing Debt and Building Momentum
00:07:30 Growing Your Wealth
00:08:27 Navigating Complexities
00:09:21 Financial Freedom Awaits


DISCLAIMER:
We do not hold licenses as financial advisors, and the content presented in these videos serves solely for educational purposes. Official financial advice is not provided. Prior to making any financial decisions or investments, it is essential to seek guidance from a licensed professional. Your investments are your responsibility, and the information shared in these videos reflects our personal opinions, with no assurance of gains or losses.