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💵 Guide to SAVINGS for BEGINNERS (what, why, how) | Finance from Scratch 💰
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- čas přidán 7. 08. 2024
- Welcome back to an episode of Finance from Scratch - where we learn finance concepts, from scratch. In this video, we'll be talking all about SAVINGS.
📌 Get higher interest on your savings with GoTyme Bank and get a chance to win free flights and Fly Free for a Year. Learn more at bit.ly/3NgMMhC
Saving is one of the PILLARS in personal finance. It’s a pretty basic concept that some people struggle with, but it’s important to master this skill to help you manage your money and set you up for financial success. We’ll be talking about a lot of things: First, we’ll define WHAT savings is, then we’ll talk about WHY we need to do it, then we’ll talk about HOW you can start saving, as well as some tips and systems to help you reach your savings goals!
📚 Additional Resource: The Shockingly Simple Math Behind Early Retirement www.mrmoneymustache.com/2012/...
This is Finance from Scratch: a new series where we'll talk and learn about finance concepts from scratch! Guaranteed - Beginner bobo friendly 👌✨
We’ll cover the stuff I talked about more in-depth in future videos. Share your thoughts, comments, and feedback in the comments section!! What do you think of this new series? What other topics do you want me to cover?
💰 Previous episode • 🤑 EASY GUIDE to INVEST...
If you want to work with me, help me, or collaborate with me in making this series the best it can be, reach out to me through email! I'd love to explore potential ways we can work together 🍞
Email: alba.nicoleee@gmail.com
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🕰TIMESTAMPS
00:00 Introduction
00:49 Video Outline (what, why, how)
01:57 Important Disclaimers
02:21 WHAT is saving?
02:46 Important Investing Concepts: Savings vs. Investing
05:12 Important Investing Concepts: Savings Rate
07:19 Important Investing Concepts: Reduce Expenses & Increase Income
08:11 WHY do we save: Lessen financial stress & anxiety
08:46 WHY do we save: To plan for short-term & long-term goals
09:14 WHY do we save: Financial Freedom
09:34 WHY do we save: Savings are financial building blocks
09:57 HOW do we start saving: When and Where
09:57 HOW do we start saving: Regular vs. High-Interest Savings Account
09:57 WHERE do we save: GoTyme
12:19 HOW do we start saving: Actionable Steps
14:55 What do you think of this series? Comment thoughts & future topic requests!
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🤝 Where to find me
Facebook / alba.nicoleee
Instagram / alba.nicoleee
TikTok / heynicolealba
🚀 Subcount: 443,488
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Guide to SAVINGS for BEGINNERS (what, why, how) | Finance from Scratch 💰
Finance from Scratch / Learn Personal Finance for Beginners / Personal Finance Philippines / How to Personal Finance / Step-by-Step Personal Finance / Financial Literacy / Financial Education / Financial Education / Easy Guide to Personal Finance / How to Save Money / Savings Account Philippines / Filipino Guide to Savings 101 / Personal Finance 101
FTC: This video is sponsored by GoTyme Bank
Disclaimer: This video is NOT financial advice. Form your own opinions so that you can properly decide on what to do with the information you learn from this video.
⚠ WARNING: Be careful of FAKE ACCOUNTS and SCAMMERS pretending to be me on Facebook, Instagram, Tiktok, and other social media platforms.
I will NEVER message you about any trading or investment opportunity. I do not have any backup accounts. Be careful of SCAMMERS who have been stealing my photos pretending to be me. These are the links to my OFFICIAL social media platforms:
Facebook - facebook.com/alba.nicoleee
Instagram - instagram.com/alba.nicoleee/
TikTok - www.tiktok.com/@heynicolealba
Hi guys! It’s been 2 months since my last upload. Life has been busy 😅 I’m super excited about this episode because SAVINGS is an important pillar in personal finance. I hope that this video helps you guys better understand what savings is, reasons why we save, and how you can start saving. Hope you guys learn something new! See you guys in the next video 👋
What do you think of this new series? What other topics do you want me to cover? Share your thoughts, comments, and feedback in the comments section!!
💙 Thank you to GoTyme for their support in working with me which made this video possible.
what can you say about Insurance po? 😅 like Pru, is it good or worth it po ba or there's other way around to get the benefit that they are also offering?
Begginer po aq maam, new subscribers po mam
Nothing equates investing, and when it's done
properly, you don't need to get yourself all worked up about money anymore as it's creates a lot of extra income
Noted
@@geraldlee9028 Where are you from friend?
It's so hard to even think about saving much more investing when you're just surviving.😭
You can invest in yourself first, by acquiring knowledge and skilling up ❤
But it's not impossible. You'll just have to start small and have laser-focused vision to your goal.
Reinforce your determination by consuming the right online contents. It's not gonna be easy. Anything worth it is never easy.
And surviving? It's the same launching pad most of us had to start from.
The first thing about saving and investing is not actually saving and investing but conditioning your mind and educating yourself.
The question is not about whether you can afford to save and invest but rather can you afford not to.
focusing and building yourself is the greatest project and investment you could every have and start on. Knowledge is great investment also you body and health
I automate my savings. I learned to pay myself first and consider savings as an expense. I tell my friends and family there's three types of savings; save for an emergency, save for what you want, and to save to invest. I also teach my family and friends the virtues of compound interest and what is an asset and a liability. I made mistakes with my investments, I thought I was secure, then I realized I wasn't. I ramped up my investment and savings. I also took advise from Dave Ramsey about having a financial advisor to manage my portfolios; I never looked back. My savings rate at the moment is at 32 percent and reaching 35 percent since I put away money that's left over for the day, week, or month is left from budget.
haha
Welcome back again! More power!
Love your vids coz always concise. Short and jampacked with value. Easy to understand, straight-to-the-point. No time wasted.
Ang dami ko talaga..natutunan sayo about financial life...kaya laga ako nanonood ..ang galing mo mag paliwanag...
Finally! Been waiting for your uploadssssss.
Right on time! needed this guide thanks
Hi Nicole, it's been awhile and i felt like i was being derailed from a motivated good financial decision maker into "don't know where i'm at now after a year" and so i decided to go re watch ur vids on savings and it hit me with a huge guilt. please do more videos as I did learn a lot from u when i started to subscribe frm ur channel. i need more ❤thank you
Thanks for the video.
Hi! I'm a new subscriber. I've been focusing on my finances for the past year and I stumbled upon your channel one day. I looooove how light and casual your videos are. The way you explain makes information easy to retain and strategies are fairly easy to execute too, especially as a beginner. I have a really poor attention span and I skip videos/movies/shows that I watch EXCEPT yours. I love every second of it!
good day ms Nicole I really admired ur thoughts about financial matters😊👍🥰
We appreciate your advice to us. Handling finances well can definitely make a huge difference in our lives.
super knowledgeable talaga ng mga vids mooooo. Next topic naman yung mga banks/e-banks na recommended mo with high interest aside from gotyme. Been watching your videos nung wala pa work and wala pa masave hahahaha but now I have work na and willing to achieve financial stability
omg, i just watch your videos early morning, and now you have uploaded ❤❤❤
Haha it’s pretty cool that able to process what I say even though early morning 😆👌
Finally! 🎉 an update
Eye opener ulit ❤️❤️❤️ Magseseryoso na po magsave, promiee. Hehe
Love your vids, Nicole! ♥️
So helpful.
This info helps me a lot.Thanks.
nakaka inspire ka talaga❤️
Very nice..
Thanks for sharing us you ideas regarding savings...god bless
Just in time. Looking for a new digital bank for savings. Thanks!
Nice 5/5. Thank you for this.
She’s back!
Its very clear! Thank You Nicole.
very informative
Thanks for sharing, for someone who is old(age) like me but not very financially literate; could you enlighten me more about how can one build his/her emergency fund? I love how you organize your content it is clear and yah beginner bobo friendly LOL
Miss this kind of your video Nicole ❤ I started saving coz if you last 2021 hehe
Yes.. we choose either the pain of regret or the pain of decipline.. Thanks for this!!!
Hi Nicole, so informative video. What are your current investments now? If you don’t mind sharing.
Yown thanks agad ❤
UY NICE first comment!! Haha here’s your digital BreadFam award 🍞😆🏆✨
Definitely one of my favorite videos I’ve watched. You explained it very clearly and accurately. Also, I agree with you, spending should be the last one and should have small allotted amount of money 🤣 like girl, I don’t wanna suffer when I’m gonna enter in my 30’s era. My goal is to buy everything I want when I turned 30. Thank you, this helped me a lot.
God bless your videos are great I subscribe this.watching from Canada
thank you for the advices, para siyang "savings for dummies 1001" hahaha pero legit thank you. sana for the next video,, update mo po yung video mo sa gcash since it has some new features :D thanks!!
Welcome back, crush!! 😊😄
New subscriber here. Thank you for creating this kind of video, this is very helpful talaga
Wow ang galing hehe Thank you Nicole for sharing your knowledge.
Hi Ms. Nicole, do you have video more about gotyme bank? Thanks in advance.
Welcome baccccck! Namiss ko videos mo maam nicole! 🍞
WOOOP WOOOP aw thank you Lyka!! 🙌🍞✨
Welcome back!
Hahah hello ulit Carl!!! 😄💙✨
Thank you❤❤❤
Tagal napo ako nakasubaybay sa mga video niyo ate
Hi ate! I recommend you should create a short form content if wala pa kasi sobrang ganda ng mga tips, advices and teachings mo!
question, nicole. i've noticed among my chinoy friends/acquaintances that money and wealth seem to be such a focus within their culture. why is that? was it something culturally engrained to you since you were a child and how so?
Subscribed ❤
yeyyy new videooo, thank you for this😊
Yes!
Thank you so much Ms. Nicole Alba for sharing this! It's so helpful to hear you talk about this as a 4th year student about to graduate. Adulting seems scary, but hearing you talk about these "simple" topics, makes it so much easier and less daunting! 💙
Haha thanks Kia!! I graduated last year lang so I definitely understand how scary & overwhelming the transition from school to “real life” could seem - but everything works out naman! I’m happy to hear na my video is helping you navigate your own adulting journey in some way 💙✨
I would love to try GOTyme but there scanning on passport process is not working :((
Ayo bro this is elite advice, greetings from South Africa :D
Yey! New vid! ❤
Sobrang tagal ng last upload sorry po HAHAH 😅✌️
Badly wanna learn about savings😤
I found the part where you differentiated savings from investing really helpful, puts that clear line that I think would help me with organizing my finances more! Keep up the good work :)
Can you do Gstocks how to trade , buy and sell.
Hi Nicole, salamat sa information. Hopefully, you can also create a video on how to start investing and how you manage it. :)
I will strongly advice you against self
trading, it's really dangerous and had
brought so many investors down, you need
some one with the knowledge and
strategies, someone dedicated to the
crypto currency market buisness, and I will
strongly recommend expert Mrs Anna
@Incommore
@Incommore
thank you for thiiiis! more beginner bobo friendly contents pls T.T
Downloaded GoTyme! Happy Saving!
Can someone please compare and contrast benefits and other features when using GoTyme and Maya? Thank you! I'm a graduating student ^_^ Still can't choose where to save my money that is worth it.
True.
notif squad lezgooo, finally a new vid
LEZGO BREADFAM NOTIF SQUAD!! New notif after 2 months haha 😁🍞✨
@nicolealba ano Difference po ng visa credit at mastercard credit?
Started saving again tapos ito new vid!! Thank you, Ate Nicole!! More power, bless u
Sakto timing!! Hopefully you’re making good progress sa pag-save 💰🍞💰
I'm a second year college student who's very attentive to my spendings yet ambilis ko mabudol and ang ending, no savings yet as of the moment! Huhu. I feel very urged to start to save yet I don't know how to start or where to start.
Ate Nicole's guidance through these videos really will help me a lot in strategizing my financial journey. Thank you ate nikss! Aabangan ko future videos mo po!
discipline brother. do yourself a favor
I have a question. When you say 15% should be save for retirement, this does not include emergency fund, and investing fund right? So basically, If you set aside total of 30% of your income every month, 15% is for retirement, the remaining can be spilt to 5% for EF and 10% for investing. Tama po ba? Or is it the other way around like when you say you save 15% this already includes EF and investment fund? I hope someone can enlighten me. Thank you in advance!
Hi Ms. Nicole. May idea po ba kayo about REITS? pwd niyu po ba ma explain. i find your videos very straight forward. keep up the good work.Thank you
Kaka invest nyu di nyuna napansin na ang ganda ni ate❤
Im about to turn 18 in a few weeks and I've looking for about a year how to start off this journey so that it doesn't harden over time. For now I've been watching ur spreadsheet tutorials and now I'm glad to say that I'll be launching 2 small (rly small) businesses!! They r rly simple but i think they will help me get into de financial world dynamic 😊
late ko na nadiscover ang GoTyme. konting months ko lang naenjoy yung 5%. 4% na pang sya ngayon. mukhang road to 3% or lower pa down the road.
Ayo your editing style you use is great for the monkey in my brain (monkey clapping with brass cymbals, representing my Gen Z attention span lol)
Imma take some notes for my films, thx. Keep up the amazing work!! 👌😎
Hi Nicole, safe naman ba ang GoTym Bank Account? May ganyan na kase ako e di ko lang ginagamit. Wala bang naging bad news updates when it comes using a GoTym? Thanks
0:01 "Mwahaha" to Savings.
I'm dying 🤣🤣
Hi nicole ang quality ng videos mo pwede malaman anong gamit mo to shoot your videos? Sana ma notice thank you.
Ate! Ano po masasabi ninyo sa VUL? Okay po ba siya para sa aming mga hindi naman po masyadong makapagipon?
planning to properly save now and this is very helpful. thank you!
Hi Ms Alba! Please do a review in Maya stocks and Maya funds. Sana mapansin nyo po. Thank you 😊.
Thank you Ms Nicole I really appreciate your videos. It made me think more about my finances. Would it be possible if you could do topics about health insurance? Thank youu ❤
Another sound channel :)
how about maya savings?
Finally new vid!🎉
Finallyyyy
You're so articulate talaga, Nicole. Galing galing! Great leader ka rin for sure. Thank you for another great video 😊😊😊
Question: what are the legit company to invest here in Philippines?
Hi, Nicole! Hope you can also post a video on how to manage your savings and how to invest in the stock market 😊
I will strongly advice you against self
trading, it's really dangerous and had
brought so many investors down, you need
some one with the knowledge and
strategies, someone dedicated to the
crypto currency market buisness, and I will
strongly recommend expert Mrs Anna
@Incommore
@Incommore
Where to save po if students and not more than 500 pesos minimum lang?
Kailan po ulit kaya magiging available yung breadson pins🥺
Thanks for this video. You gained a sub from me.
Can you teach us abt Real Estate Investment?
nag upload na rin 🎉
WOOP WOOP WOOP YEHEY hehe 😁🍞💙✨
I must say, aside from the contents you're making, your video editing improved as well. Keep going ❤️
Tagal kita ate hinintay🥺🥺
Salamat sa paghintaaaay Rachel 😆💙🍞✨
i missed you
Hi kamusta na sis nicole?. I just remembered your videos... I like watching your videos its very helpful.
I will strongly advice you against self
trading, it's really dangerous and had
brought so many investors down, you need
some one with the knowledge and
strategies, someone dedicated to the
crypto currency market buisness, and I will
strongly recommend expert Mrs Anna
@Incommore
Do you trade in Bitcoin
Sana mag straight tagalog ka Nicole para di ako naghahabol! Hahaha! But thank U though for dis bright idea.
I was just looking for this exact video. Love your content po ❤
Good timing!! Haha hopefully useful yung na-share ko 😁🍞✨
I also got my gotyme kaso I only use it for rewards. In depth discusion on how to save on this app (process, csh in/out, etc) mejo na expound kasi ang reward options nya compared to savings..thanks
Hi Ate! Good to be back watching again! 🥳
Helllooooooo!! Yes haha 2 months walang upload 😅✌️
Hiiiii early squad hihih
YEEE WOOOP WOOP early BreadFam award for you 😆🍞🏆✨
The correlation between Bitcoin's price rally and the latest inflation data, along with banking sector instability, is quite fascinating. It's interesting to see how the growing appeal of cryptocurrencies like Bitcoin, as an alternative asset during times of eroding confidence in traditional banking, has attracted retail investors. The permissionless and autonomous nature of cryptocurrencies offers a sense of safety and value in the ever-evolving world of finance. This context further highlights the significance of Florence Osborn's excellent trading strategy, which has enabled me to amass 32 btc in just three weeks. In the field of cryptocurrency trading, Florence has proven to be a true visionary.
@Florenceosborn
A million thanks to Mrs Osborn! With her insightful advice, she's turned my crypto hodlin into a vault of digital gold.
So which one is better Maya bank or GoTyme kasi I watched another video of yours that you are also recommending Maya bank.
I have both and I like them both! Maya has more features than GoTyme, but their base interest rate has gone down a bit. You can get up to 10% p.a. with Maya if you accomplish their missions, but GoTyme is flat 5% p.a. - u can’t go wrong with either platform naman
@@NicoleAlbaYT hi nicole daily din ba interest ni gotyme same sa maya?