Up next in 10
How I saved up to 6-digits in my 20's || How to save money fast
Hi. Here are some personal frugal tipid habits/tips that helped me save up to 6 digits in my 20's. I am able to travel and invest at the same time with this mindset. I hope this helps. Thank you for watching.
//Creative Commons Attribution Licence video (Reuse allowed)
Show More Show Less View Video Transcript
0:00
Gusto ko mag-ipon pero
0:02
sami-ikaw yung sige-kaon Gusto ko mag-ipon pero nagaan makakikog ba yun nun
0:08
Gusto ko mag-ipon pero gamay mantikong spil ito Girl, kung gusto ka
0:14
mag-ipon, dapat wala na nay pero-pero. Dapat gusto ko mag-ipon, dun saan
0:20
Hey! What's up, mermaids? It's your girl, Cherlyn, and welcome to another Drowning Mermaid video
0:30
So diba, dagan magigayong sa tuan Gusto ka ay mag-ipon pero dagan ka ay utagpero
0:36
Dapat, no more bots. Just do it. Yung ganit si Rico Blanco
0:42
Kung ayaw may dahilan Kung gusto palagi merong paraan And yes
0:52
we all deserve to treat ourselves after working our asses really hard
0:56
but it doesn't mean that you have to splurge all the money that you have
1:00
just to treat yourselves We should have our limitation. You know, spending
1:06
money is just like love. If you give it all, you will be
1:10
left with nothing. So save something for yourself. If you're interested to know some of my frugal
1:16
tipid habits, just keep on watching. Tipid tip number one. Every centavo
1:22
counts. We often think that the reason why we can't save is because
1:26
of the huge monthly bills that we need to pay but actually, it's the
1:30
small daily spending that's making us broke and go out of budget. When I was working
1:36
on graveyard shift, I bring my baon in the office Let's say, I wasn't able to
1:42
eat dinner at home because I was in a hurry when I went to work
1:46
I brought my mom's food and I'm here in the office during my break time
1:50
and that saves me a lot of money because you know especially when you're on duty
1:56
it's just open most of the time because it's fast food and normally you'll
2:02
spend a hundred to a hundred fifty per meal For me, even if I'm working
2:06
I can't afford that I don't know. I'll just waste it in my room
2:10
and my mom cooks better Coffee I'm not a coffee drinker so this is really an advantage
2:18
for me but I have a lot. I know a lot of people who's into coffee or a coffee lover
2:22
There's nothing wrong at all about it but if you're drinking starbucks
2:28
every day or every night I think that's not healthy for your
2:34
savings plan. And another thing with transportation If I can only use a jeep
2:40
I'll use a jeep. If I can only use a bacta I'll use bacta
2:44
I'll take a taxi if it's raining or if it's an emergency or if I need to
2:50
I'll use a jeep But if not, girl, I'm fine with a jeep
2:54
It takes effort to get around sometimes it's full of people and you'll get bored
3:00
but it really helps me a lot in saving When we're growing
3:06
for me, what I always do is I find an ATM of my own bank
3:12
For example, I'm at the mall and I need money and my
3:16
bank is metro bank If you're far away, you can use an ATM in the metro bank
3:22
I'll follow you because it's a waste of money sometimes you're charged 10 to 15
3:28
pesos for withdrawing in your own bank and it's a waste, that's all
3:34
you don't need to pay again and whenever you have something that you wanted
3:38
to buy, always do your research or always compare prices, if you think it's cheaper
3:44
you can exchange Also, go generic There's nothing wrong in buying branded
3:50
items as long as you can afford and it's within your limit
3:54
but for a frugal person like me I would think that okay, this looks good but
4:00
I think I can find an item the same as this somewhere that's cheaper
4:08
and more affordable and more achieved I would rather look broke and have savings in my account
4:16
rather than look rich but have zero in my pocket Limit Tip
4:22
Number 2 Ask yourself, do I need this? If the answer is no
4:28
then do not buy and do not spend money If you're only buying it because you're
4:34
in love with your friend or your child don't buy it, that's toxic
4:38
Yes, it's normal that sometimes you're in love with someone you're in love with
4:44
or someone you met in the street But we have to consider if we can really afford
4:50
If you can, then go ahead, buy it But girl, it's not healthy
4:54
if you're saving or if you're saving for something and also we don't know
5:00
maybe they're rich or they can afford to exchange This sounds cliche but
5:06
leave it in your means Under this, we have impulsive buying Sometimes we go to the mall
5:12
and we see something on sale it's 50% off My God, you're going to exchange it for nothing
5:18
But again, ask yourself Do I really need this? For example, I don't want
5:26
a bag of Charles and Keith Yes, of course I can afford
5:32
but I keep on asking myself Is it really a need for me to buy
5:38
this bag? I can afford but Isn't it that I have more
5:46
or other priorities that's more important than this? And you know sometimes I just laugh at myself
5:54
Today, I went to the mall and then it's on sale Oh my God, this is the item that I really like and it's on sale
6:00
But then I challenge myself Okay I'll come back after a week
6:06
If it's still here, then I'll buy it It's for me But mostly, as the day goes by
6:12
I realize that I forgot about it That means I don't really need it
6:18
Everytime I come back and it's gone That means I don't need it
6:24
and I was able to save the money that I was going to spend
6:28
Next, we have tip number 3 Don't borrow Don't borrow That's not necessary
6:36
You know, a lot of us or most of us go broke because of debt
6:40
We tend to spend the money that we don't have yet Okay
6:44
Let's say you went to the mall Forever 21 went on sale
6:48
because they went bankrupt and you were there You just bought 200 items, 399 Whatever
6:56
So you have a friend Then I'll be like, Hey friend, I'm broke
7:02
That means You don't have a room yet that you already spent
7:08
That's the reason why we go broke Because you don't have a room yet
7:14
that you already spent You're already advanced And again, that's not healthy for your
7:22
savings plan And last but not the least Tip number 4 Think like you're broke
7:30
So let's say you've already started saving or let's say that you don't have
7:36
a salary yet that you don't have a room yet that you don't have a room for your savings
7:42
Just forget about it Because sometimes when we think that we don't have a room yet
7:48
I don't really bring my ATM with me I buy it from my house
7:54
I hide it in the kitchen And also, I would highly suggest
7:58
that you open your personal savings account There you go, that's everything
8:04
Again, these are all my personal experiences when it comes to saving
8:08
These are my frugal tipid habits I am no expert, but it worked for me
8:12
So it might actually work for you as well Since childhood, I can remember that every time
8:18
my mom and dad or ninong or nina or if somebody gives me
8:22
cash for Christmas or birthday I don't spend it right away on
8:26
food or dolaan because I keep my money in a piggy bank and I can remember that
8:32
my alcance before was this stupid or wasteful Johnson The way I think is that
8:40
I don't want to spend it to get rich Saving is just a matter of self-discipline
8:46
and knowing your priorities Thank you guys for watching! If you like it, give it a thumbs up
8:52
Also, please don't forget to subscribe to my channel for more videos
8:56
Stay Mermazing! Bye
Finance
Financial Planning & Management
Hobbies & Leisure
Travel
Self-Help & Motivational