5 Easy Ways I Used to Save $40,000 in a Year | How You Can Save More Money in 2022 |Canadian Finance

In this video, I share tips on how to save money in 2022. How to increase your savings and manage your finances.
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[@harderhonche]

Thanks Tobi for talking about the cash envelope system. It’s something I’m beginning to incorporate into my finances as well because no matter how much one earns, not keeping track of expenses is a devourer in disguise. Setting goals and boundaries for wants and needs is also essential. Great video!

[@timothyokwoche6811]

Hi tobi, tnk very much for brainstorming me with this theory of your savings...1st time subscribers...

[@TobiDerin]

Thanks for the sub! Happy to help :)

[@emmanuellaumoera8086]

This one is the main the main.. koko... saving is the key... I love that wish list.. me and savings are best friends..lol thanks for this it's a good reminder.

[@TobiDerin]

You know!!!! Same, haha..we're so similar! 💕

[@boluwatifelove]

Tobiiiiiiiii! Back to back......🤗 Nice one!

[@TobiDerin]

Yess! Giving you back to back!! 💃🏾💕

[@michellennaji4963]

Hello Tobi, I love how natural and informative your vlogs are. You just got a new subscriber. I will be opening my own KZbin channel in a few months. Coming across your videos inspired me the more. Thanks and remain blessed

[@mmesoma9888]

This is very informative, good job Tobi👍

[@TobiDerin]

Glad it was helpful!

[@olalekanvictor5899]

Nice one Tobi. Your Tips gives enlightenment. Keep the good work ❤️

[@TobiDerin]

Thank you! Will do!

[@ineyemildred9445]

Nice one Tobi! Weldone

[@TobiDerin]

Thank you 💕

[@AlpineDividends]

Great work Tobi!

[@TobiDerin]

Thanks a lot!

[@fafiechivasa6382]

Your finance tips are always helpful

[@TobiDerin]

Glad you find them useful Fafie! ❤️❤️

[@Lord_Commanda]

This is very concise and informative, good job Tobi.

[@TobiDerin]

Glad you liked it

[@oluwabukolamedinat6585]

Thanks for sharing, Tobi😍

[@TobiDerin]

Thanks ❤️❤️

[@ugbedekenneth2270]

Thanks Tobi for sharing ✌

[@TobiDerin]

Sure thing!

[@lualih]

Thanks for sharing, the issue with having several bank accounts is that it might affect your credit history adversely

[@BUFOINTL]

Thanks tobii I keep looking forward to your videos . You don’t disappoint 🙂!!!

[@TobiDerin]

Aww, I’m so happy to hear that! Thank you! 💕

[@TobiDerin]

Thanks for the mention! I’ve deleted the scam comments 😭😂😂

[@kelechinjoku7276]

Bless you. You are good. I enjoyed it

[@olajidealli]

Nice. My savings method is having an investment plan. I only bank with an institution. My savings won’t grow my money. As the funds roll in, I invest using my watchlist and I max out my TFSA and RRSP.

[@TobiDerin]

Yeah, some people need savings for short-term goals since you never really know with the stock market in times like this! Same to maxing out my TFSA and RRSP. More on investments coming! 💃🏾💃🏾

[@osiomogieasekome8799]

Do you buy stocks on your TFSA? Cos I feel for savings you need money to still keep its value

[@olajidealli]

@@osiomogieasekome8799 Yes. I have a non-registered account and 2 registered accounts. I invest in diversified portfolio. I don’t want to keep the value of the money as it is. I want the value to increase. I have a long term goal, and I’m comfortable with fluctuations in the market. Even if the current market situations reduces the value of my investments, I won’t pull out my funds because in the long term, the market would go up. That has always been the trend of the market.

[@osiomogieasekome8799]

@@olajidealli yea that's understandable for long term but saving towards a short term goal a bank account would be better

[@olajidealli]

@@osiomogieasekome8799 I have emergency savings as well. Always have up to 6 months of emergency funds available in a savings deposit account.

[@sinkalamoise2465]

Great video Tobi. For you to save $40,000 annually means that you were saving about $3,333 monthly. Kindly let me know how you managed to save or your source(s) of income & approximate amount(s). This will help many of us, your subscriber to implement some of your strategies.

[@ineyemildred9445]

She's an engineer and I also think sharing approximate amounts of her sources of income should not be a topic of public discussion. However, a person having a take home income of $60,000 after tax can pull off a savings of $3,333 per month. The saving goal also depends on a person's income level. I'll leave it to Tobi to comment further. Thanks 👍

[@BUFOINTL]

@@ineyemildred9445 GOOD ONE !

[@joychigo1952]

This is a very educative video. Thanks alot. I just subscribed ✌️

[@TobiDerin]

Awesome, thank you! 😊

[@bipolaradhdsuck]

I watched your 2 years ago video, and I can really see how far you've gone with your video. 😂😂😂That video was over exposed AF! 😂But keep it up sis.

[@yanisrihandayani]

Thank you for sharing to save money , very usefull 👍

[@TobiDerin]

My pleasure 😊

[@Aigb32]

Thank you, very informative!!!

[@TobiDerin]

Thanks for watching 💕💕

[@marknwachukwu3601]

Its a joy watching fresh videos from you every Sunday. Im worried about the below average reviews for EQ. Can you discuss Ontario PNP or the new canada immigration programmes in your subsequent videos?

[@xoxokaebeauty]

Another way I save is to use my Tax Free Savings and withhold additional funds from my salary for taxes so when tax time I get a good payout. Thanks for the video Tobi…I need to tighten up on the ordering out food especially on Fridays. I also withdraw my savings at 500 CAD and keep it in my house in an envelop and keep adding to it so when vacation time comes around I already have my spending money 💰

[@Dorothy_A]

Hi, your comment caught my attention. Can you pls shed some more light on how you use your TFSA and withhold additional funds to get payout in tax season. I have a TFSA account but haven't put any funds in it yet because I'm still trying to understand how it works and how I can maximize it.

[@xoxokaebeauty]

@@Dorothy_A I think you misread my comment. I have a TFSA. For TFSA you can put a percentage of your salary into it say 10percent and when ever you are ready you can use it. Say you are saving for Christmas, at the start of the year put 250 in it monthly from your salary…by December you can withdraw it. They however have maximum limits for different years this year is 6K. This also depends on the type of TFSA you have. I would suggest you contact a Financial Advisor for more information. In addition I withhold more on my Federal taxes. It is optional where you instruct your employer to take an additional sum from your salary as taxes. When you file your tax return that additional amount is given back to you as a return once you don’t under pay your taxes.

[@Dorothy_A]

@@xoxokaebeauty oh I see what you mean. Thank you for replying.

[@fjohn8985]

@@Dorothy_A Check the _Brandon_ _Beavis_ _Investing_ channel on KZbin, use that as a starting block. My previous comments seems to have auto-deleted. Don't use a financial advisor at the banks. You can use online brokerages for your TFSA and buy stocks and ETFs.

[@Dorothy_A]

@@fjohn8985 Thank you. I just started watching Brandon Beavis recently. I will also check out online brokerages too as you advised. I appreciate.

[@vickygina7464]

Love your content

[@simoneC-i6r]

Thanks Tobi !

[@TobiDerin]

Thanks for watching, Simone! 💕

[@ceciliaamehey9864]

Thank you so much dear 😘♥️

[@TobiDerin]

My pleasure 😊

[@bipolaradhdsuck]

It's fun watching your videos....probably because your voice sounds familiar, like one of my cousin. 😂😂

[@olivelanguagespace]

Nice content Tobi.

[@davidtosin509]

Hi, Please I would like to ask, for ECA do I still need to send transcript to WES even if it’s Skilled federal program? I thought it’s for those applying for schools only?

[@isabellamomodu1812]

Yes you need to. Have your school send it direct

[@theakuawilson]

Nice one

[@obiomaokeydicksonchimezie2336]

That's 15million naira Nigerian currency. Is cool oo

[@victoryefejaria6390]

Nice one tobi

[@TobiDerin]

Glad you enjoyed it 😊

[@takuetongke3096]

Thank you very much Tobi, this was very informative. Nice 👍🏽 one.

[@TobiDerin]

Glad it was helpful!

[@oreoluwaayeni1102]

I’m on the finesse team, after I’ve saved though😂

[@TobiDerin]

Haha!!! 😂 😂 yes o, gotta enjoy your life and balance it!

[@bipolaradhdsuck]

Wait, is it that you'll end up having up to 40k at the end of the year, after your monthly 2.3k expenses?

[@Dorothy_A]

Nice one.

[@TobiDerin]

Thanks for the visit

[@imotumbokanaka4157]

Hi what do u do for living how much do u earn

[@_seyi.a]

Savings term for life !!😂

[@atiwatkabirubinladen1081]

Hello Tobi, how much does 2 bedroom flat cost in toronto?

[@TobiDerin]

Hi, it varies on various things like the location in Toronto, type of building or apartment. the owner and much more but from a Google search, range is around $1,500 to $5,500.

[@araoyeracheal1697]

Hello tobi thanks for your videos, please there are some personal questions I’ll like to ask, how can I reach you

[@Smhulley]

Hello Tobi, how do I open a Canadian bank account from America?

[@desmondib5719]

Google is your friend make use of it

[@mrIsraelemma]

If u are a guy here and u have issues with money management please marry this type of woman. She will organize ur financial life. I know wat am sayin

[@marianatessa6258]

😘

[@TobiDerin]

😊

[@Bodmantech]

Look into crypto currency. When it give me 1000% return I’ll be moving to Canada 🇨🇦

[@chantelabbey1991]

Hi Tobi would want you to help with some concerning some of your videos but would want an engagement please 🙏🏾

[@xoxokaebeauty]

So because she put out a video with how much money she saves….here you come with zero subscribers to scam her….shame!

[@paschalihejirika2278]

fine lady

[@nickboateng]

Nice one

[@marianatessa6258]

😘

[@TobiDerin]

😊

[@timothyokwoche6811]

Tobi your financial tips about saving is a wow & brain opening to some of us waxing to save as time goes bye. & my prayer I shall save until one day I will meet with you one on one there in 🇨🇦 🍁 as canada have been my ever wish country to migrate to despise the depositions of things around our country....i am a 1st time subscriber. tnk once more tobit.