How I Saved Over $30,000 in 2 Years! / How to Save Money / Minimalism
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- čas přidán 24. 09. 2015
- How I Saved Over $30,000 in 2 Years! / How to Save Money / Minimalism
MY NEW MOTIVATING AUDIOBOOK "THE POWER TO CHANGE YOUR LIFE" is Available Now at: melissaalexandria.com
In this video I share my budget and how I saved money in order to quit my 9-5 job and live pursue life on my own terms.
For more videos on minimalism and a healthy, plant based life style subscribe to my channel.
Have a beautiful day! :)
I did a very similar thing! Paid off my loans and my husband's. Now saving to buy a house in full. So far have over 50K saved.
+Dini Bee This is just on my salary as he stays at home.
+Canadian Mgtow Hahaha, why, thank you so much. :D :P I've never gotten a compliment like that.
+Dini Bee Good for you! Keep up the hard work, financial security is the best feeling in the world.
Amazing. When I purchase a home I would like to pay in full as well, some have advise me not to, but it seems like the best decision.
When will it pop????
Thanks for being willing to share such personal, specific money info with your viewers! I'm always fascinated by other people's budgets and how they maneuver their money but it almost seems like a taboo subject that people don't want to talk about. Another great and informative video :)
it's called getting a job budgeting and not being addicted to useless stuff. cost of living should be the only concern
Damn I need to quit smoking weed
hahahah I feel you
same....
Don't we all lool
Ima start selling
if only weed that's good bro cigarette is worse health and cost
$500 for rent? lmao the rat at nyc pays more rent than that.
+TheSidekickking hahaha that made me laugh out loud. I imagined a tiny rat giving a human a bunch of $100 bills with its little paws and squeeking with sadness.
+Hailey Grace (Hailz) hahaahah!!
+Hailey Grace (Hailz) df
LOOOOOOOOOOOOL
LOOOOOOOOOOOOL
What is the ultimate goal with the money? An emergency fund? A down payment on your own home? Or just some security? Are you still living like that and saving? Will you post a similar video in 2 years saying you saved $65,000 in 4 years? Great video and thanks for sharing. Cheers
Roads Less Traveled Too many questions. No wonder she hasn't answered this shit yet.
I know how you did it you ate Ramen noodles everyday
😂😂😂
100 dollar noodles every week
+NorGamer64 it's actually 3 ramen noodle squares for a year and the cost would only be 142.65 they cost 13 cents
+Gustavo Serna I meant 3 ramen noodle squares each day for a year
littlemedic just be careful with sodium in the packaged food. Health care cost lots of $$. All the money you save could go to healthcare.
Thank you for sharing your numbers! Perhaps your could do a video on budgeting and how you lived once you took time off work, with the money you saved.
I am definitely seeing how becoming minimalist is changing my finances. You learn to appreciate the things in your life and find true happiness in what you have instead of trying to find it at the mall.
Great to see other young people being conscious and saving their money. I saved so much money by simply meal prepping riding my bike to work, and only purchasing clothes when they are on sale. It also helps that I don't drink so no need to spend money at bars and I don't have any under grad or grad school debt.
We make about the same (well I live in the US so I guess I make more? Because of exchange rate) but I am pleased to see someone save like me. I paid off my mortgage and have saved over 20k now (not including retirement) but gives me hope that there are girls like you out there that like to save.
thecreoleson I'm an extreme saver as well!! I've managed to save almost 50k bought my car cash for approx 20k and I have no debt 😊 oh btw I'm only 23 and no I don't live with my parents. I've been living on my own since I was 18 years old. There are good women savers out there.
thecreoleson I would've had 70k if I didn't but my car 😩😩 wishing I bought something cheaper and saved my money but oh well. I'll get there again 😊
Nishka Anna-lee I love that. 23 with 50k is great! 6 months later I have just under 40k (I have been living a little more) and Made just under 50k last year. I have 15k in retirement and living the dream with a net worth of just south of 200k (paid off car). isn't it great to be weird? I am happy to hear about people like you out there. it gives me hope.
thecreoleson yes it's amazing to be weird 🤗 keep up the good work my brother.
just get a small loan of a million dollars
😂😂😂
😂😂😂😂😂 I'm crying
Donald Trump
Omg almost spit my coffee out😂😂😂😂😫
I'm personally using *OnlineNetCareer .Com* and it makes me around $400 per day. You can actually Sign Up for there. Thank me later. All you need in this life is ignorance and confidence; then success is sure.
This vid has what others in this line DON'T: Save money on the bigs! When she cut her rent, and lived where she didn't need a car, she saved far more than the small savings of not eating out, doing DIYs, cutting hair swaps and so on.
Thank you for sharing your numbers. A lot of people don't like sharing, and it's understandable. This motivated me to buckle down and decide to save by sticking to a budget. 😊
It simple...money in and money out.
in other words, have a budget
Extremely helpful. What's motivating is that you weren't naturally born with this inclination to save. You went from living comfortably and not thinking about it... To loving "uncomfortably" (making major changes) and being completely conscious. It helps me to know I can too. Xoxo
You're right on. I'm an extreme saver too :D My net worth is $81,200.
Awesome! :)
I pay more in child support than all your bills combined, but am still always eager to learn how to manage what money I do have differently. Thanks for sharing
+texjames2000 Yes. All that saving tips I find online dont say how to save if you have kids and loads of shit to pay. They say stop going to rerstaurants and buying starbucks. What if I don't do that? Where can I save?
+Gregory May Gregory May Ok, so a few ways I saved.. It took a while & I only have about $500 in savings but its better than nothing & is growing steadily. ( I started at the 1st of the year) First thing I did was start automatically sending money to my savings account from my check. I decided that all I could really save was about $75/ check. That comes to $150 per month. Turn off the hot water heater if you can. I work nights, so I'd turn it on in the morning when I got home every other day. I live in Texas & the water stayed hot enough for showers. This works because I have an electric water heater & live alone most of the time. , It didn't save tons,, but saved some. I have internet, but living where I do, Netflix doesn't work..but still $75/ month for just internet .. My phone is Straight Talk, so $30/ month there. I don't need the latest & greatest & so my flip phone does fine for me. Adjust your W4 so you take out a bit extra each check. I know this sounds dumb since you don't have enough to live on. I'm saying like $5-25/ check. Nothing drastic. If you are like me, you'd spend that either way. When income tax rolls around it comes back to you as a lump sum. Then you can pay down a bill or fix the car, whatever you NEED. Everyone's situation is different, but I do look at purchases & think about how many hours I have to work to get them. Then, is it really worth it? Really it is personal choices about where to cut & exactly what you can live without. Hell, if I had my way I'd pretty much do without electricity, but I do love my air conditioning! Eat cheaply.. there are tons of 5 ingredient recipes on Pinterest. I eat a lot of the same thing .. til its gone. With kids, that is harder to do, they like & need variety. Freeze leftovers as "Planned Meals" as opposed to "OH man, that again? "Those are a few tips I have as a dad with bills.. I took a fun challenge once to get me in the right frame of mind, & it might work for you. Its a NO MONEY for a week challenge You pay your bills, get gas to go to work & that's it. Eat what you have in your house & do without anything else. It makes you see exactly what you need vs what you think you need. .Most of us have enough food in the house to skip getting groceries for one check. Good luck & I'm by no means an expert, but have been doing lots better with my money. It's a mindset. Make it a game do whatever it takes, but do something. Anything is better than wallowing in the despair of debt.
texjames2000
I alredy do almost all the things you say. The only thing is I love my car and spend a bit to much to keep it in top condition. But nothing fancy like bling rims. If it fails annual inspection I fix what it failed on and if something brakes I fix it (sometimes I could avoid fixin' it for a year or so...). I also spend a lot on tools (I'm a mechanic...) but still I buy the cheapest possible not snap on overpriced shit. I have a freezer and make food from scratch. I can kill my kids but that is not very good idea;) Thanks for your replay.
+Gregory May Just remember that you didn't get into debt overnight & won't get out quickly either. I take my income tax & pay off bills.. Unfortunately I am now saddled with another car payment.. the other one cost me over $3000 in repairs in less than 6 months. On top of the over $7000 I already spent since I bought it. It had to GO! Glad you have a sense of humor & are doing things like making food from scratch & freezing & such. We all do what we can & I know that I'm still not wealthy, but having a few things paid off & that money in the bank makes me feel way better than I did a year ago at this time. Good luck, & just be patient as it will take a while. Took me about 4 years to get to a place where I could even start paying stuff off.
texjames2000
I fix my own cars usually with second hand parts or ebay cheap aftermarket parts. I glue them and fix whenever I can. I sell scrap metal, sell my unwanted things on ebay do some cash jobs whenever I can but still struggle to pay my bills. I estimated that I should be earning 50-100% more in order to live as I live now but pay every bill on time and have some money left...
Melissa, you have no idea how much your videos have helped me! You are truly inspiring.
So inspiring! My husband and I did something similar to first pay off debts, then build our emergency fund, and last, for our down payment. I went part-time to be with my babies so we did this on a 1.5 income. It can be done! It's all about managing your money, not how much you make. We're still at the same income and living very comfortably. Love your videos!!
Great vid. I cut my apt's electric bill from $100 a month to $61 by turning off the lights at night.
I wish I knew these tips when I was single making $3500 a month. lol. now I have two kids and broke lol.
Love the specifics. Helps plan a realistic picture of what can be accomplished. Thanks!
Wow watching this made me realise how much I don't even save and the advantage I take from what I make each week.. I make over $500 weekly and I can't even save properly.. This had opened my eyes of how much I can actually save within a year if I up for it.. Thanks a lot girl x
Damn girl u saved 30 Gs in 2 years u a good hustler
Thanks :)
@@melissaalexandria01 how much money did you saved up in 2 years how much money did you have to put back to reach your 30k goal in 2 years
very doable. saving $10-15k a year with a sound budget is fairly easy. I bought a car with my first $30K saved and within 5 yrs of that purchase I managed to save an additional $40K
Alan Brooks yes!! Me I bought a car cash for 20k in 2014 which brought my account down to like 3k now I'm almost at 50k 😊😊🤗 #girlpower
Nishka Anna-lee I'm there now. $60k aiming to finish the year at $75k. I'm only 29 yrs old as that
Nishka Anna-lee holy shit
Oh & Congrats on saving so much money! I'm going to check out your other videos.
You are such an inspiration! I will try to change a few things in my life to make more simplistic. I travel from work every day 30mins one way. In addition, i go to school and drive another 30mins. Gas, time, and energy has gone to waste!!! You are the first video i've watched about minimalism and i absolutely admire your lifestyle. Thank you Melissa!!!!!
I love how you do your hair! Thanks for making this video, I definitely could use tips on how to save money
+Ameliakit Thank you
Thanks for sharing your numbers with us :)
+Jennifer Ho Thanks for watching :)
Awesome job girl!! I tell everyone they can save and over time it will grow to where they can do something to invest that money. NO one wants to cut their expenses and go without some of the little things and get way too jealous over the people that are willing to go without for a few years so they can live much better lives in the future. It's great to see you were able to take charge and push yourself to do it!!
Thank you. I was in a shopping spree for the last two months and I think this video will slow me down.
Great video. I like how you were so open and sincere about your life and finances. My situation is very similar to yours. My living situation, earnings and spending are very similar to as you described for yourself. I think a lot of people don't believe it's possible to do what you did so it's good to get the message out that it is possible. It's really just a question of lifestyle.
people like you encourage me.. thanks :D
:)
scr!z/&* qcy
this was wonderful to watch! there are usually always ways to cut back and whenever I get my paycheck I can't wait to lock it up in my savings account!! :)
In the 6 years that I've been saving, it's over 100K . That includes the year that I worked 2 days a week and made about $8 less than I do now. I still enjoy life, but I've just learned like you just to find ways to cut back and I have found free, cheap things to do. great video!
Congratulations on saving this great amount and keep going strong and earn even more :-)
+Maria Chat Thank you :)
+Melissa Alexandria you are so cute (;
2500 dollars a month after taxes is a lot of money. minimum wage is 1500 after tax.
but good on you for saving so much and being so frugal!
+Rory Ormiston (Roreocookies) dookie ba3
+Rory Ormiston (Roreocookies) I'm a nurse so I make this as well. I have many friends in management positions in all types of fields and they make this too. 1500$ may be the average I guess
Rory Ormiston 2,500$ isn't alot... shoot higher bro it's out there
That depends on the cost of living/where you live. In my state, $2,500 is a lot.
Wow. Thank you for sharing your actual numbers. When I first saw this video title, I wasn't going to watch it because I thought that surely you would have made significantly more money than I do now... I was wrong! This is really encouraging. It is so hard to resist the temptation of going out to eat all the time, but just seeing how possible this really is... I'm so motivated now :)
Thank you Melissa, I'm young and eager to learn how to manage a living, definitely we all have different circumstances but these little saving tips actually save a lot.
+Rameez Suleman Great, best of luck!
CZcams has been recommending some really cool videos to me recently. Happy to have found you. As soon as I heard the Canadian accent I subscribed! Love supporting fellow Canadian CZcamsrs!
Its ironic how the ad for this vid was the "Knooowledge" guy and he now has a ferrari maserati lambo and he is talking about saving
wonderful for you! also what a blessing you have/had to have such a huge income and be single. thanks for sharing and also pointing out that everyone can't do it that quickly :)
You go girl!!! Great testimony!
I should make a video on "How I wasted $93,000 in 2 and a half years. Rent in California is $2,000. My car payment in $436. And on top I have many other bills 😔 I'm thinking of becoming a minimalist and travel and be adventurous with the money I save. California is so expensive, but worth the weather ☀️
Acacia Brown better than Singapore
Add in kids and you’re finished. Lol
You're such a great role model and inspiration :) Thanks to your vegan what I eat in a day videos, as well as other vegan youtubers... I've began my journey into vegetarianism :) It been about two months strong so far 💪🏼 I hope to step it up to veganism in the future.
That's amazing girl :) I've been vegan for over a year, and it's the best desk if my life.
+Carolina Alii *decision
Thank you Carolina for the encouragement :) Although I'm not vegan yet, starting with vegetarian first, my body feels so much better and healthier already. No weight loss but less bloating :)
+reynelle87 I've been a vegetarian for most of the last 8 years. At first it was really difficult, but after a few years, I lost my taste for meat, and dont even want it anymore. What im saying is, it will get easier the longer you do it.
+Lisa Vega if I ever wanted to be a vegetarian it would be so hard for me I love pizza way to much and I can't not leave pizza behind. idk how you guys do it but I guess that's good to be healthy I only weigh 110 not bad for eating pizza lol
This is a great example of perseverance and excellent self-control applied to finances. Minimalist lifestyle at it's best.
However, it is very unrealistic to expect your expenses to stay the same for 24 months like you presented. One thing that i learned for myself is to plan ahead and live on previous month income and plan for emergencies with Rainy Day Budget.
YNAB did miracles to make that into a habit.
Otherwise, this is an excellent inspiration for people who live in era of crippling overconsumption. Cheers!
I save every receipt each month and go over them at the first of the next month. Plugging the expenditures into a spreadsheet really allows one to see where the money goes and budget accordingly. Doing this I've eliminated most of what I consider unnecessary spending like regularly eating out at restaurants, buying stuff at convenience stores- junk etc. I've cut over 50% of my monthly expenditures vs 18 months ago.
t takes a great amount of discipline, Good for you
+sonny bajric Thank you ! :)
Kinda makes me wish I made more than $700-800 a month >_>
Thanks so much for this! I'm a college student trying to save and budget so this was really helpful.
Well said Melissa, great financial control management. Very informative.
Thanks.
Good advice. Oh, and your hair looks really good.
+MisterBinx Thank you :)
Must be nice not having any school dept, fortunate for me my parents didn't help with that and I owe well over 50k.
I feel you.. school debt sucks. I have student loan debt but I am trying to pay the rest out of pocket with cash. you'll get it paid off eventually!
I love your videos! You manage to give the info in a concise and understandable manner.
+Jamie Szalata Thank you :)
Well done, Melissa. It's incredible what we accomplish when we live within/below our means! Good work :)
Awesome!
What I make in 3 months is what you make in 1 month....
+loveydovey620 Well what do you do? In America it's so easy to make money... at least in Iowa and Minnesota it is. I work 15 hours a week as a college student and I'm bringing in nearly $1000 every month. At only 15 hours a week!! If I worked 40 hours a week I would be bringing in $2,250 a month and I'm only 19 years old. I saved 15K over the course of high school and now I'm going to college for Aerospace Engineering. When that time comes at Boeing or Lockheed or something I'll be making 6K a month :D
+Shibaduba I am so moving to America
Ana Maria You just gotta be smart with money and build a professional profile :D ***** at my age 15.50 an hour is very good, most people my age work for 8-10 an hour!
***** Yes, also I'm curious: what's the minimum wage where you live?
***** Oh damn, that's crazy. It's $8 here.
i love this girl who is really good at managing her life.
I've been rewatching this video every time I am tempted to buy something I want but do not need. I'm in the same boat, same income, and same saving strategy. I've reached the goal in 2016 so one more year left! The goal? I want us to buy a house by the end of the year!!! :-O Thanks Melissa for inspiring me!!
So where do income taxes come in to all of this? Or was $2500/month your net pay?
Very informative video. Was entertainment included in your miscellaneous costs of $100/month? What was your lifestyle like during that time? Was it difficult to not spend money, was it a major change?
Thank you for this video :) I love to save money and this was very inspirational!
I make something similar at my current call center job and am taking steps to pay off debt and save with goal similar as this 👌🏼Keep doing yo thing girl!! 🙌🏼
+drscutest3000 Excellent! I wish you the best :)
Wow that's awesome
+Adrianne Jaye Thank you :)
This is so inspiring
+DeJanay Lee Thank you :)
this video has literally encouraged me... thank you for sucha helpful video.
You are clearly extremely dedicated! Thanks for sharing!
Whoa you make a lot of money too
For real
+elly cee I make 9500
+Jordan Reinbold per month?
Well I guess that also depends on where you live. I live in Switzerland and here it would be very hard to get by with that income. Rent would be similar if you divide it with 2 other people yes. But health insurance alone that is mandatory here is 300 if you chose a cheap one. Usually rather 500-600 A MONTH. A pack of ramen noudles I read could be for 15 cent in the US. Here you would pay maybe 2 bucks so food is also so expensive. If you have an income of 4k a month it would be considered not bad but „good“ income would be 5-6k a month.
yandere chan $2500 is a lot ? lol peasants
all of these figures....o.o
i am broke lol my pay cheque is nothing like yours im out
+Ami- lee find a different way to make money or a different job till you decide to leave
Yea thats wat im doimg atm
Read the Dave Ramsey book. Start off putting a 1,000 dollars up and a emergency fund
I second the Dave ramsey suggestion.
+mai72 You live in NJ those numbers don't apply everywhere.
AMAZING! I'm so glad I came across your channel. Thank you for that amazing tip.
Very interested video. I do not live in the US, but I am a budget freak and I didn't hear you talking about taxes or insurances which would need to be reduced from your budget. Still 30K is a great amount! Congratulations! I wish I would be able to obtain the same result, but as a single mum with 2 teenagers, it isn't very easy....
your eyes are so big!! they're really pretty!!
+F.R.I.E.N.D.S. Aww.. thanks so much :) x
omg..I make twice that and can't safe half! Marry me ! :P
Thank you for the realistic numbers! Those really help 😊
you're doing great it's the same method that I used to live when I lived with my mother which was the greatest spot ever to live with someone and now anyways yeah that's wonderful like that's a lot and I'm sure you can do a lot with that you know but until then I would say just keep saving keep doing what you doing girl
30 000 in two years? that's my salary lol
$300.00 a week for 2 years will get you 30,000
That's amazing you saved so much money ! You are my motivation ! 😄
awesome video! loved how you gave exact numbers ex., expenses, misc etc.
You spent $100 a week on groceries?? I spend $100 every 2 months on groceries...
wow are you serious? My wife and I spend 100 every two days xD
me 200
Do you use coupons?
+Victoria Sparks sometimes. But when I do it's like one coupon that says "save $2" lol
How???
what do you do once you reach your goal?
Very good option lol
go to las vegas and bet it all on black!
+Sig Kimber hehe :-)
Lucy Huerta make a new one lol
Wow! It's great that you have shared this with others. I'm sure this will be very helpful and inspiring for many.
I like how she is very honest. Great video! 👍🏾👍🏾👍🏾👍🏾👍🏾
Good mentality,but you're still missing the mark. what are you going to do with your savings? I suggest you to start investing in something to double it. you're are in the right direction.
true n q very good idea
real estate. If she invested 30k. At a cap rat of %10. She'll get 15k a year for the rest of her life. .
real estate. If she invested 30k. At a cap rat of %10. She'll get 15k a year for the rest of her life. .
Very inspiring, but where did you live at beach for 1 k?
I did, 5 years ago now... Kits beach in Vancouver.
damn.I live in Vancouver.
also, damn 5years ago you could get an apartment at Kits Beach for $1000. now you need $1800-$2500.
Joy Leslie well I'm lucky cos I live 10 meters away from the beach :|
Very motivating! :) Thanks for sharing your numbers!
Good on you! Thanks for sharing!
+Ali Coultas Thanks :)
*closes video after the first 30 seconds* ...$1200 every two weeks I'd easily save sheesh 😳
Right?!
Right! I only make $500 a month and that all goes to bills 😅 if I try to go out to eat or treat myself there goes an overdraft with those overdraft fees
+Yasmin Martinez get another job
+jancy03 working on it
Yeah... I would SAVE SAVE SAVE. I would make sure i'm putting away 1,000 a month.. that's 24k in two years... Must be nice having an AMAZING paying job... -_-
so your situation was unique not thirfty
+Danny B She's saying you gotta make sacrifices, like moving away from the beach, to a smaller place with roommates near work.
+Musicator1027 NYC has a really expensive cost of living regardless. You could be living in a pretty shitty place and still paying a lot.
+Musicator1027 I made 27k last year but I've managed to save up over 30k I the in about 2.5 years 💁🏾 lol it's really not hard. Now I have a high yield savings account and make about $30 in interest monthly.
really? While living in New York? I thought rent their is expensive? hahahahaha
Danny B I live upstate New York and I pay 600 a month for rent all of my monthly expenses are around 1,100 😊 that includes rent, car insurance, gas, food ect at this point I've saved almost 50k oh and I'm a full time student in college lol
THANK YOU FOR SHARING :) ITS TOTALLY POSSIBLE!
Clearly a great video even in 2020 Melissa! I've totally upped my financial goals for the year! I actually just shared a video on my goal of getting to $25,000 in SAVINGS this year ✨
I need to save that in 1 year to buy a wrangler when im 16
trouble is a wrangler will depreciate after a few years and you will have to save again and live a minimalist life, best save then invest in something that will make you even more money
sam333 jeep wranglers have always had a good resale value tho
CrAZy bg jeeps in general have always had a decent resail value. However, for someone who is turning 16, unless their parents have loads of money, it's not likely they will be able to buy a $30,000+ vehicle. I wish I could buy a 67 gt500 fastback, but probably not right now. At this age, a vehicle is a must, but spending $30,000 on one is not practical in my opinion. 7,000 of that could go for a very decent used vehicle, and the rest can either go towards college or just be saved or invested and collect interest.
CrAZy bg me too 😩😭
Rubicon
or maybe you don't make 2500 a month
Thanks! Great work on ur savings. I make the same amount right now so I found ur video a great motivation to save.
You are changing my life. Thank yiu
I subbed BECAUSE your canadian
im in toronto :D
$45 MEDICAL WHAAATTT?
+Nikki Oliver Canada.
OMG!! I am so glad i found your channel!!
Hi Melissa This video was really helpful and inspiring. Every year my goal is to save money. I start off well and then fall off. I did manage to save $500 this year it was more but I can't say no to people. In 2016 I want to save more and say no to people thanks again for the video.