ACCOUNTANT EXPLAINS: 5 PROVEN ways to SAVE Money

uhhh be self aware. That's really it. Really is no secret to it.

forbidden fruit is the sweetest

1. Dont save what remains after spending....rather Spend only for basic human needs and
2. Invest in a fix deposit or certificate of deposit tgat can be compounded forever....Use compiund interest calculator....
Once u see the longterm yield..no one will teach u to stop wasting a dime. You will know what a dime becomes if well sown.
3. Reduce giving too much..give but give to ur future and peace of minf too.
4. Check ur recurrent expenditures and habits... Dy take money extra-massively
5. Stop trying to please everybody and ask if u are being used or u are kind.🎉🎉🎉😂😂
May we find Grace to grow in Health, Wealth and peace. Amen.

I absolutely love your videos. I never really invested any time in learning about these habits and finance in general and I paid for it big time. I was running a small business without tracking anything and before you know it everything came crashing down. I’ve restarted everything and I am now investing a good chunk of my time learning and applying good financial habits.

I have no desire for instant gratification

I love spending my money and I spend a lot each month... on purchasing assets, mostly ETFs.

Same story with you, Madam, I SLOWLY downsizing all my stuff, which is NOT anymore relevant to my needs, Thanks for the heads up, from the Philippines with RESPECT, Cheerz

It would be amazing if you could do a video about furnishing your home in an economically-friendly way! Or perhaps something on life-style habits or how your environment (home or work) can help you financially?

Love your content Nischa! Thank you

I feel happy when I pay my bills. Is that weird?

The way you blush while speaking make you more sexier.....And the other things that why I like you so much....is that you are not materialistic.....

Hi Nischa,
Could you do a video about bringing different pension savings, together or not. I have many smaller company pensions but am trying to consolidate in one. I am not sure if this is
the right decision. Please advise

Great tips, thanks for sharing

Step one review your budget. Step 2 save the rest.

Love your content.. You are smart articulate and full of wisdom. .Binge watching your content and sharing it to my family.
You’re channel has grown so much, from last time I was here. keep it up, well deserve success.🎉🎉

Wonderful video Nischa :) Instant sub! :D

"experiences" is a very woman thing to say

Hi Nischa, great video! What shirt are you wearing?

There wasn’t even 5

Ýou may laugh at this! (I'm now 66!) Still a massive saver, helping my youngest daughter clear her student debt. 😊 When i was only 7 years old! I sold my pet duck to my father for 20 cents! Tasted good too! 😅

Nischa - your advice to pay yourself a percentage of your income first has been game changing for me. I'm using this method to overpay my mortgage so thanks very much! 😊

As to saving on a regular basis, we find that having each paycheck deposited into our online savings account, then, at start of each month, transferring whatever we need for that month’s bills to our checking account.

I beg your pardon in order to round it up and make it really useful and complete. How much were you earning in that job you were doing just to earn?
Only the real figure and the living conditions around you give depth and meaning to your disciplined reasoning. For example, if you were earning 1,200 GBP = impossible. If you were earning 2,300 GBP = a bit more likely IF no emergencies. Did I explain it clearly enough?

Hi there. When is your workshop in November?

Financial Jin and Jang absolutely bang on video. Keep up great work Nischa.

I used to buy a lot of clothes, way too many. I got depressed and gained weight and had to buy some more. I had debts that I stopped paying. One day I bought my dog ​​and everything changed. I walk her a lot and I have less need to wear chic clothes. I joined the sport and lost weight. So I can wear the clothes from before. I only buy what I need and in two to three years my debts will be paid. My second son will start his studies in two years and his school will cost ten thousand euros per year. I have to figure out how I'm going to pay for it. Thank you for your video

Most people will have a mortgage from several years during their early to middle age. A great way to save is to set your mortgage payments at a level that allow you to live an ok lifestyle, but not a wasteful one. Then every time you get a bonus or a salary increase, calculate the after tax impact and pay a lump sum off your mortgage ( for a bonus ), and increase your mortgage payments ( by the after tax increase in your disposable income for salary increases ). Then ask your mortgage provider for a new statement of the number of remaining months on your mortgage. For example, instead of the usual 25 year mortgages, I took out a 17 year mortgage that meant my disposable income was enough to afford me a 2 week sun holiday annually. As I got bonuses/ salary increases, I lived on this same disposable income, putting the rest against paying off my mortgage more quickly. And so while maintaining an OK lifestyle ( eg annual holiday, 4 year old bland car, high street clothes with the old "designer" thing ) I paid of my mortgage in 9 years, 9 months. Then I suddenly had a much bigger monthly disposable income, and set up a savings plan to maintain my old monthly disposable income + 10%, and split the remainder between saving for another deposit for an investment property, and investing a monthly amount in the stock market index. Everything has been going to plan so far ....

Wonderful post and great content. Another big benefit of experiences is that they don't take up space. Having moved from one house to another recently, dealing with clutter can be just a big hassle. Especially when clutter involves large items that people don't necessarily want like furniture. Physical assets are a hassle. Even giving them away often costs time and effort to find someone willing to take the item.

Nischa I love you

I get both instant and delayed gratification from us being able to save my whole salary and we manage to live of my wife's salary (she earns less than me).

When young I diverted 50% of my salary to an account difficult to access and then spent the rest on living ,clothes,facials,food,rent etc.....After 10 years I had a nice nest egg, for the rest of my life the interest on that nest egg paid for my second hand good quality cars,a holiday every two years and finally in my old age that habit encouraged a small bank to lend me money to buy a home of my own after a disastrous divorce .
The track record imbued the lending institution with the confidence that I was a good risk.....major banks refused me because of my age and Spartan income but the institution onwhich I had saved for 50 years supported me... I haven't let them down.
That decision to fiver income when I was young and made a bit has been the foundation for me over my life and now provides me with a roof over my head.
So one can say" to save" was a life choice,
And now in my 70's has been life saving.
A perspective I offer .
One's savings can add to your life immeasurably.....but live off the interest only.....keep the bulk.
God bless you all,young people are struggling I know.....best wishes.
Cecilia.

Outstanding Information Nischa.

Experiences can be overrated too. The money I’ve spent on ‘experiences’ that had great reviews but I found underwhelming, like trips, restaurants etc - vastly outnumber the money I’ve ‘wasted’ on stuff.

Circumstances are incredibly important as well i.e when saving for a house you have to get serious otherwise you won’t reach your goal. The hardest part for me is when you save to spend on house renovation meaning you do not have anything left for experiences or material items 🙃

Thought that was a PS2

The whole "Things vs. Experiences" argument bothers me. Some people take more joy in one or another. Both can enrich your life or land you in debt, if taken to excess. The point is to live within your means, and use either things, or experiences, (usually a mix) to add joy to your life within your budget.

I adore experiences with my tangible things.

Absolutely love your videos!

Ah ..
Nischa,
Such wisdom

I really admire the reasons you pointed out behind savings. Inspiring!

Off topic! If I were you, I would not have the courage to post online, it's kind of illegal to be as gorgeous and as smart at the same time! I wish you all the best!

I love what you are saying. I would have an easier time absorbing the info if you built in some pauses/breaths.

I like to invest in interior decoration because I actually pay attention to it every single day. I actively enjoy my home environment every single day. But the things I don't actively focus on every day aren't really that worthy of spending money on.

Might that study be sponsored by the tourism industry..? 🤔

You speak so well

A very sexy English accent you have.

First of all I have been a saver for my whole life, but nowadays I have a different approach. If you don't have money you cannot spend it of course, but other than that I don't see what's the difference in dying poor or with a million $ on your bank account. You can leave that million to your heirs who are going to splurge it anyway.
What makes more sense is instead learn how to manage your money. For instance, saving for the downpayment of a house makes terrible sense, but you're actually planning to BUY a house, not to save indefinitely. Another thing that comes to my mind is having an emergency fund, e.g. six months to survive without income. Some money should also be invested with a clear goal. Other than that I don't see the sense of saving.

Watching Nischa makes me happy!

I own a rental property and the only way I can avoid paying tax is to put a lump sum in a pension each year ,this forces me to save which is great

Travelling to Italy and going shopping is a great experience 😌