Hey everyone my name is Christian Aguilar welcome back to my channel today I am coming at you with another video talking all about personal finance most of my viewers really like the first one that I published which makes me really happy because personal finance is a skill that I’ve developed and I want to continue to seek knowledge in.
Today’s challenge is if you can get my very first video up to a hundred likes I will leave the videos linked in the description box or if you can get this video up to 50 likes I will do a part 3 where I talk about how to save how to.
Budget and how to stay financially stable starting at age 18 before I begin I would like to say that I am able to talk about personal finance because I read Dave.
Ramsey’s the Total Money Makeover I have read I will.
Teach you to be rich by Revathy I am also currently reading everything you need to know about money and investing a financial expert answers the 1001 most frequently asked questions by Sir Ian.
Fisher and Carol a turkey hen without further ado let’s.
Get started the very first tip to saving budgeting and staying financially stable is to give up a bad spending habit I am NOT going to front one of my bad spending habits was Starbucks ever since I signed up with the Starbucks rewards program I was only buying drinks just for the stars and not my enjoyment I was so focused on the stars that I wasn’t even paying attention to how much I was spending now that I am a gold member.
I realized you know what it’s time to start saving and start cutting back on Starbucks drinks because not only is it decreasing the money in my bank account but it is also damaging my health because there is a lot of sugar in Starbucks drinks especially in those proper.
Chinos and those are the ones that I love the most so I encourage all of you to take the time to sit down and think about what is your bad spending habit it could be cigarettes alcohol Starbucks or fast food I ended up getting rid of Starbucks from my weekly routine which I am so proud of myself on the back if you give up your about spending habit trust me you are going to save you are going to learn.
How to self a discipline your spending and trust me you are definitely going to stay financially.
Stable is it gold Oh let’s get is it gold my second tip is my $100 debit card budgeting strategy the way that this strategy works is I load $100 to my checking.
Account and that is how much guilt-free spending money I have what’s this $100 I can spend it on unnecessary things for example if I want to go out with my friends I want to buy a Starbucks drink.
Or if I want to go to a fast food restaurant the way that it works first you are going to load $100 into your checking accounts the rest of the money that you receive.
Going to your savings account it’s going to go to your bills / utilities and.
Your emergency fund the tricky part about this strategy is it can only have $100 for example if you spend $70 when the next month.
Rolls in you’re only going to add $30 so that it can even up to $100 that is your goal your goal is to keep it at $100 just because you spent $30 doesn’t mean you’re going to add another 100 at the next month and have a hundred and seventy dollars that is definitely not how it works I’ve done this for.
Three months now and I have gotten pre.
Used to it I really hope that you try this because it’s going to help you save and it’s really going to help you budget which would definitely keep you financially stable I don’t know the third tip is to get rid of or.
Lower a payment for example I’ve been with Verizon for almost three years now and I barely realized that it’s.
Overpriced and I’m getting ripped off I was literally paying $30 for one gigabyte of data can you believe that one gigabyte so I decided to transfer to metro pcs which most of you are probably thinking what the heck that is such a downgrade honestly it does everything that.
Verizon does so I have no problem with it and I have a lower payment which makes me so happy I was literally paying $90 a month at Verizon and I am currently now.
Paying $29 at metro pcs I also got rid of a payment which was paying off my phone I also advise you to get rid of a payment I was paying $27 for two years for my cell phone the only way that you can lever aizen is to pay off.
The phone so that is exactly what I did I used the money from my emergency fund to pay off the rest of my cell.
Phone and I transitioned to metro pcs so getting rid up or lowering a payment do whatever it takes negotiate do your research on different companies trying to find a good deal with a lower payment the fourth.
Are still making payments after you.
Have gotten rid of a payment for example I have braces I am paying these off by myself I am paying one hundred and sixty seven dollars a month but in September they are going to.
Be officially paid off it takes two years to pay.
September I’m going to pretend that I am still making payments toward my braces so what I am going to do is get that 167 dollars and put it into my savings.
Account put it into my emergency fund whatever it takes so that I can save because if I just have a hundred and sixty seven dollars lying around who knows what I.
Can buy with that I can definitely use that money for unnecessary things so I rather pretend that I’m still making payment the fifth tip is to invest in your skill or business for example I am a photographer I was shooting with a point-and-shoot for a very.
Long time and I realized you know what if I want to enhance my business it’s time to get a DSLR camera so as soon as I started working I realized you know what let’s start saving for a DSLR camera that is exactly what he did and when I saved up enough money I went to Target and I bought the camera that.
Is in front of me so if you have a talent or a skill make sure that you are saving up for that so that you can have high quality stuff for your business.
And please do not say that you do not have a skill or talent it really makes me sad when people say that because everyone has.
A skill or talent you just probably haven’t found it so if you haven’t found it start saving up so that the day that.
You do find it for example what did you want to become a youtuber if you save up enough money the data you actually want to publish a video you already have the right equipment trust me I know you have a skill or talent you just don’t realize it for example painting is a skill graphic arts photography anything in the fine arts anything.
Is a skill and if you can make money off of that that’s totally awesome that is it I hope all of you enjoy this video if so give.
This video a thumb up so I can continue to do more videos like this remember if you can get this video up to 50 likes or my first personal finance how to save money fast 2017 video up to 100 likes I.
Will do a part three if you don’t know who I am my name is Christian Aguilar I have a self-help and lifestyle channel I give a lot of advice on personal finance nutrition and building self-confidence I also like to make it fun and throw in a DIY a call or a product of you if you are interested in my journey.
You should definitely hit that subscribe button so that you can join my YouTube community and help me reach 1000 subscribers before 2018 until next time see ya later.