@@piotrwojdelko1150 Amen! It's a lot of money every month, I often wonder where it goes too

@@Jodie_Brook I wish i could earn for cutting the grass for 6000£ a year .I have the right to know how it is spent but they don't want to tell me .

@@CharliniAlmeida Thanks for watching :)

@@CharliniAlmeida thanks and best of luck on your KZbin journey too!:)

@@thomaschew2191 Hey Thomas, A lot of people are like Lily & don't even realise the effect it has on their future to have no savings! Thanks for watching :)

Hi Jodie, I'm in the USA, we here in this country do not know how to manage our money. Everyone is a mess! Well I don't want to be too hard on them because it wasn't until 7 years ago we were in the mess with them. One day we decided that we make too much to be this broke and our retirement savings didn't look very impressive. I think the hardest part was simply making the decision to lay if all out, be honest with ourselves and make a plan to get on track. In March 2018 we had US $130K debt so it looked impossible but we forged ahead and little by little then a little more by a little more, we started to make progress. We stopped using debt to buy things and threw literally everything we had at out debt. Finally in Dec 2022 we were debt free including our home. What a great feeling that was! We set up an emergency fund of 10 months expenses and from there started to invest. We have: my 401K and Sue's 403B retirement accounts, our high yield savings account, a ROTH IRA (2 of them) and a taxable brokerage account and a stash of precious (gold and silver) metals. The main things is we have savings goals, before we were like the cowboys, shooting from the hip. We pay for our needs as they appear, we save up for our wants and get them only when we have the cash to buy them. I know that there are some people that due to circumstances beyond their control will have money problems no matter what but for the bulk of us we live at a time where we can set ourselves up to be successful with money but we need to make saving and investing a priority. Love your message Jodie!

@@aj7803 thanks for watching 👍 often when we take smaller steps to change it's more effective than one big life change, well done on meal planning!

@@NNiro02 fair play, exercise is great to keep up, whichever way you find helps you.

@@reem_obaila thanks for your comment & support, it's hard to get those subscribers to grow😅 let's all be like James!😂

@ 😂😂💖

@@JohndeLange-fr3us appreciate it John!👍

@@notmyorignalusername amazing yeah it really helps in the long run!

How can I reach out to you? I want to show you something about optimizing your videos and channel.

@@mike8631 Hi Mike, No I'm not a financial advisor, but have worked in finance for 10 years. Just sharing what I do. Of course, reach out to a financial advisor if needed.

@@Jodie_Brook It is absolutely mind-blowing to me that someone is able to give financial advice to thousands on youtube and not be subject to the same regulatory responsibilities, authorisations and requirements of an actual financial advisor, who will likely only reach a fraction of the people you will with this channel. Maybe I will start up a medical channel and start giving medical advice to people as a doctor would. Absolute madness.

Personally, the sense of relief is worth it for me. £12 a month for pet insurance is better in my opinion than a £2,500 vet bill out the blue. Did you ever have a surprise big bill from the vets having 15 dogs?! That's a lots of doggos!

@@NNiro02 great glad to hear it! Thanks for watching :)

@@Hako_ware if you pay it off straight away this is grand, especially if you use it for groceries and pay back straight away it's a tactic to grow your credit score. But why do you rely on Credit card all the time and not your debit card?

@Jodie_Brook At the time I set everything up I wanted to build up my credit score, and I didn't like having too much money on my debit card, so using everything on the credit card I felt safer if I lost my card.

Feel free to send me money 😂

@@dianabielykh8492 thanks for watching:)

@@annasemenyutina6883 Hey Anna, thanks for your comment & glad the channel is useful for you:)

@@Marble8King Hi, the main thing for an emergency fund is that it's always accessible, you don't want to lock it into a higher interest account thats fixed for a few months for example, in case something happens and you need the cash. But yes if you can get a higher interest savings account such as Chase in the UK that's what I use (was 4%, currently 3.5%), you have full access at all time. There are higher ones out there, so a quick Google will help you find the right one for you. If you can let it earn interest, it's free money so why not. Thanks for watching:)

@@WayneOnFinance thanks yes I was thinking the same for next time! Thanks for watching :)

@@keynesianeconomics4113 😂 You have a point...

Hi AJ, the website should be launched end of January time hopefully. And thanks, it happened a couple of years ago now so I've recovered from it haha but yes it can happen to anyone so its good to be prepared!

@Jodie_Brook yep I know it is a shock. I used to work for a charity that will remain unnamed that gave redundancy notices every year incase the council never gave them the funding. Lol but things like that are why we got emergency funds right. P.s- look forward to the website

Hi, thanks for watching- so investing in S&P 500, I've done a video on this, check my investing video as I do a step by step on how to set up a stocks and shares ISA from scratch, if you live in the UK. If you are further afield, you can find lots of videos on KZbin here to help you:) In terms of High Interest Accounts, it depends on the country you're in, for the UK, if you look at Martin Lewis, he is best resource for a list of all the latest high yield savings account out there, and one that will best fit you- hope that helps:)

@Jodie_Brook Thank you your reply. Yes, I am living in the UK for the past 5 years:)

Nice! Budgeting has helped me saved so much too!

Hi Joel, thanks for watching my video, I'm not familiar with your question as I don't personally deal with cryptocurrency, I invest in index funds only but I hope you find your answer elsewhere!

@@aj7803 better to start now than never start! Well done & good luck on your new path:)

@Jodie_Brook Thank you! Sounds like you have had your head screwed on right for a long time. So hope your sensible choices work out for you.

@@aj7803 that's very kind but I haven't always had my head screwed on😅 I've been mindful with money yes but have also made silly mistakes in my younger years, and only started investing at age 31. You've got this, never too late for change:)

@Jodie_Brook like the positivity! 👍 p.s- we live and we learn right

@@keddysowelsmusic a good question, so £100 is the minimum amount you can set for Vanguard for example, although you can do smaller amounts with other brokerages. It also depends on your risk tolerance, as well as how much you earn. So if you earn £4k a month , £100 is a drop in the ocean. Interesting that you said 'the amount you can afford to lose'. Yes you may money with investing but the goal here is to allow compound interest to grow and improve the pot of money you have over time. I recommend you use the 'compound interest calculator ' on Google, it shows how much money you can earn if you invest £100 for 10 years versus if you invest £500/month for example. Thanks for watching :)

@@hemalatharajan4067 Hi, depending on what the insurance is for, this would most likely be a need yes. Such as medical insurance in America, or contents insurance for your home. Pocket money isn't considered as 'savings' as it's not for your savings account or guaranteed to be saved by your son for example. Good luck with your budgeting & Thanks for watching the channel.

@@Jodie_Brook Thank you for your reply. Just started with 10% now. Will slowly increase from April because some other commitments for next 3 months. Love your content. Keep going

@@keddysowelsmusic thanks for watching, noted for next time :)

Specifically, there is an echo and a bit muffled. Almost as if it isn't using the mic on your shirt. I'd suggest checking the audio source on the video and playing with audio filters in your editing software

Hi, thanks for watching and that's great to kick start with 10% savings, your future self will thank you. I will be launching a website in the new year for contact, and plan to create budget templates for people then, which will help on your journey. Thanks and wish you the best!

@Jodie_Brook Thanks for your reply. Waiting for the website launch:) and good luck for you. Could you make a detailed video on depop for selling our own products which is in good condition please?

Absolutely, sometimes its easy to forget that all of those taps can add up to a lot every month! Thanks for watching :)

@@JimFortune Hi Jim, so yes 50% of your monthly income to cover all of yours needs essentially, 30% for wants and 20% for savings. So yes you could say hey make sure you make twice the amount of your needs to ensure you have enough for savings and some treats for yourself. Emergency funds should be a savings pot of 3-6 months worth of your Needs Bucket too, in case anything bad were to happen you're covered there

@@asyed1995 thanks for watching