How I Saved $50,000 for Grad School in London 💸

in this video, i break down how i saved up about $50,000 to pay for my year in grad school at university college london. click SHOW MORE for more info! ⬇
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[@annnguyen9186]

I don’t think this is realistic for those who do pay for housing costs, bills, student loans, car notes, etc. but it was satisfying to see the break down!

[@nunyadambusiness3530]

Especially those with Medical debt.. I can't even save 10% of my income.

[@monsterkis]

Kris Carlson SHEESH, America needs to sort there medical shit

[@nunyadambusiness3530]

@NCT illichi Don't always assume peoples situation, I already work near 60 hours a week.

[@nunyadambusiness3530]

@@monsterkis True, it sucks.

[@naimstephens8147]

it stiil will help when ur expenses go down

[@Ricccardo80]

I am super impressed by your savings and planning skills. Well done!!! You seriously rock!!! I would definitely love to see a video on budgeting, I am sure I could learn a lot from you

[@bykchoi]

Thank you!!

[@Grace-fo2ns]

Wow that's awesome! I just started saving since March and I'm at around $11,000. I love the 50-70% of the paycheck tip!

[@bykchoi]

👏

[@travisli-rufus1949]

You are amazing!, well educated, and good with numbers. Very proud of you.

[@czarinacaberto3371]

You are literally my new role model 🌟 so glad I found your KZbin!!

[@hauteclere2369]

I love how eloquent you are 🥺💖 this is so useful as a reference bc I’m a high school student already budgeting for university haha. so glad this appeared in my recommendations!

[@bykchoi]

Good luck!

[@dmd2803]

rewatching the video as I am more interested in attending grad school few years in the future. Really admire your discipline and savings habit, totally motivated by this video

[@syahriramadhani1507]

I can hear you talk for hours and hours as also you inspire me to work hard to save more!... thank you so much.,have a good day

[@axl2531]

Can you please do a video on your current budget/401k retirement/personal finance? :)

[@bykchoi]

Yes I definitely wanna do a video on how i budget now!

[@hidekitsutsumi4098]

I love how you say "aggressively saving". Remember you have a fan in Japan!

[@bykchoi]

🤑

[@japansofar]

つつみ樣, Where do you live in Japan?

[@hidekitsutsumi4098]

@@japansofar Sorry for this late reply. I currently live in Nagoya. Seems like KZbin made the world borderless.

[@japansofar]

Nagoya is a beautiful city. I love the architecture there. When I lived in Tokyo I went there a lot by Shinkansen. I still live in Japan, but moved to Naha for my company, I’m from the United States originally.

[@hidekitsutsumi4098]

@@japansofarOh nice. It is interesting that we are talking on K Choi's channel because her videos are not really about Japan-related content. What do you do in Nara?? Nara is a historical city that attracts many tourists. I am jealous!

[@Julie-gd2sy]

Really really enjoy watching your video, you are such a result driven and hard working girl! Love your attitude towards life!

[@bykchoi]

aw thank you!!

[@0coolism]

Finding this years later, but excellent video. Super in depth and well made. Cheers!

[@soli3loieil]

Thank you so much! I need to save for grad school and this was a big help 🙏🏾

[@noverians.5945]

I finally found a perfect 'all-in-one' youtube channel. Best YT Channel ever.

[@lunathealien1967]

i love this video! it’s going to help me a lot on budgeting and saving for college. i really want to study in New York and China so i need to start saving now! thank you for the video💜

[@bykchoi]

that sounds amazing! Good luck!

[@lexichen4131]

this is really inspiring!! please do another one about budgeting/investing wisely, it will be very helpful as well!!

[@bykchoi]

glad it’s helpful!!

[@chelsealee7242]

Can we talk about the editing on this?😍 Must be a pain

[@bykchoi]

Hahaha sometimes it can be tedious but it’s worth it!!

[@user-pr3bc5lh5h]

Your voice is so beautiful and clear. So I can practice listening to English. And thank you for your shares for saving up!! I can learn many things from you.

[@dmd2803]

you are so calm and patient.

[@bykchoi]

☺️

[@misslovelydiy]

Love this!!

[@findmp]

ANOTHER SOLID VIDEO! So interesting to see how you did it! 50% saving is A MUST!!!!! Can’t wait to explore investing with you and watch our money GROOWWWWW 💰💰💰

[@bykchoi]

🙌🙌🙌

[@kunray1692]

This video is so helpful ! I am currently working on my master degree in NUS, and I do need to do the internship and save money for my expense. Actually your videos are helpful to me, bring me the idea to start a master degree. Looking forward to see more your videos.

[@bykchoi]

thank you for the support!

[@shastasilverchairsg]

Hahahah fellow NUS grad here (bachelors degree only though). Are you planning to take the MOE tuition grant? Can save a big chunk of $$$, though you need to be bonded to work in Singapore for a few years.

[@issy0613]

Binge watched sooo many of your videos today cos I've just discovered your channel! So informative and helpful 👏 New subbie from London 🤗

[@bykchoi]

Aw yay! Thank you!!

[@katierejoice]

Aww yay new video!! Miss you K.Choi!~

[@bykchoi]

Miss youuuu!!!

[@angelod5721]

thank you for being so informative!

[@rishabmudliar1058]

Thanks so much! I am planning on going for grad school in the Europe but I was super confused as to how do I save up money. I am really glad I found this, my job has a similar payroll and I am working remote so this was really encouraging for me.

[@dainalizfeliberty5158]

I'm planning on doing my master's degree after graduating from the university! This vid was helpful! Thank you 💕

[@bykchoi]

Good luck!!

[@aishamoolla6895]

As someone try to pay for my masters, this video is so great! Thanks for the advice!

[@Judyyesulcho]

Love this! I would love to see more finance talks form you!

[@bykchoi]

glad you liked it!!

[@zinnober4421]

Hi Kchoi!! You are such a good person at planning and make your life prepared for everything beforehand. Saving is such a difficult things for me cuz I can't control myself and always spend money on clothes, eating outside, buying things I don't need etc. But I created a new bank account this year and force myself to put money in it every month. Hope its getting better and I can be as discipline as you one day !! haha ;) Like your videos!

[@whatwasidoinginshanghai]

Encourages me a lot! Thank you so so soooooo much from Japan!!!

[@jessinthemundane]

Found this video to be super helpful! Thanks so much

[@bykchoi]

glad it was helpful! thank you for watching!

[@jang333333]

지금 런던 지내고있는데 k.choi님 영상보고 Ace hotel 이랑 barbican center 알게되서 자주 가고있어요^^ 이번 영상도 잘 봤습니다. 비슷한 나이라서 그런지 열심히 사시는 모습에 더 응원하게 됩니다!

[@vyomichheda8885]

I loved this video. Really inspiring. In the budgeting video if you could also give your views on saving while repaying debt, that would be great.

[@user-sl7ki4ip7v]

That’s some great saving from 16-22 to be so young! I have absolutely no clue where all my money went on my younger days! Wish I could go back 😩

[@mcfrancoable]

Great Video Ms. Choi

[@Jasmine-bl4xe]

Ridiculously helpful. Thank you.

[@dejashu]

Such a helpful video and very motivating to keep saving too!

[@dejashu]

And the editing in this is 🔥 I love the lightbulb notes!

[@bykchoi]

Thanks girl!!

[@iriszhao1528]

You are an admirable saver, girl !!

[@naagiitseegii8315]

u are so great. i'am so appreciate watching your channel

[@bykchoi]

thank you! 🙏

[@arisalu6438]

Oh my gosh, your hair is super long now! I haven't been that active lately in YT since I came back from London (We met during Joan's m&g at Tate Modern and it was nice having a little chat with you as well!) I hope you're doing great! 💕

[@bykchoi]

Aww yes I remember 😊 hope you’re doing well!!

[@Hakuismyman715]

This is motivating to start saving more money! I'm planning to go to Japan in May 2020 and move out in around fall of 2020/winter of 2021. Unfortunately I pay rent to my family and have been since I was 18 (almost 500/month from 18 to 21ish, sometimes more). I haven't been able to save hardly any money because most of mine went to help my family out. However, I'm almost done my degree and will be able to work more and my family is doing better financially so I don't have to give them as much as before (been giving them around 200/month since I was 21ish, 23 now). I'm hoping I can save a good chunk so I can go on my trip and have a good emergency savings for when I move out!! I have about 9 months to save for Japan and a little over a year to save for my emergency fund to move out... I have to start paying back my student loans in around June of 2020 which will definitely make it difficult....but I can do this!!!! Would you ever be interested in doing a video on moving out by yourself one day and how to prep and things they don't tell you about it? I don't know if you have any experience yet but it'd be very informative!

[@bykchoi]

You definitely have different challenges to face but you can do it!! And good for you for helping your family like that 💛 and a video on moving out is a good one!

[@callychen8565]

You are really amazing!!

[@takenbyteresa5309]

oooh a bad b!!! you're an inspiration - thanks for sharing :)

[@bykchoi]

thank you for watching!

[@lolzorkont]

Well done, i've done the same. But in the Netherlands you can go to the best University for about 2000 euro a year, so I did not spend my savings on education. Ended up using the money to buy my first appartement (of course with a mortage as well), but without saving I don't think I would be able to buy at the current market which is crazy for starters. Still have a lot of money now due to work + mortage is so much better/lower than rent.

[@starlite.]

Great video!

[@bykchoi]

Thank you!!

[@matocv]

You rule! I wish I saved more when I was in my 20s 😅 Speaking of your grad school stint in London, I really enjoyed watching those videos -- the meal prep, etc. They were, to say the least, therapeutic.

[@bykchoi]

I miss those days! 😭

[@matocv]

kchoi good times indeed ☺️

[@lifewithjown]

I love me some saving video!!! Haha Pls do some investing video or budgeting video. How do you save money for traveling and still have money to save up for investing or emergency funds? Thanks 💕💕💕

[@bykchoi]

Maybe a “learning how to invest” video 😂 but im planning a regular budgeting video for sure!

[@whateverandrew]

RESPECT!

[@jakemartins7883]

Awesome video

[@kingstonstreet3726]

This is a great idea

[@Sunnshinee365]

hope u can do investing video as well :) like how to grow ur saving in the bank, etc.

[@janekan8221]

I love this video, I’m going to England in sep for my master degree and I could totally relate to your saving habit. I start doing my first tutoring job at 16 and start saving since college , and after two years of working after post grads, I still didn’t have quite enough money and I’m so thankful for my parents for the support.

[@bykchoi]

where in England are you going??

[@janekan8221]

kchoi I’m going to university of leeds ! The living cost is definitely cheaper than Landon, but this video reminds me to budget for food and transport etc, I didn’t think of that while budgeting , so this helps a lot! 👍

[@bykchoi]

yes! and you gotta budget for your visa application fees too! hope you have a great time xx

[@callCJA]

Please do how I edit my KZbin videos video! Love your minimalistic but aesthetic editing style :)

[@bykchoi]

Thanks!!

[@A_lantsov]

I am a rising sophomore in college with an on-campus job and this video was really informative!! I have never really thought about rationing out my school earnings to my savings account after each paycheck. It does make more sense because it helps you have a secure foundation, money-wise. I live a pretty frugal life, so I usually tend to just let my earnings sit in my checking account..but now after watching your video, I feel like I gained a more widened perspective when it comes to saving which also means that I have to be more vigilant towards what I spend my money on. Aside from that, I'm definitely looking forward to the budgeting video!

[@bykchoi]

glad i could help in some way!! the next step after developing some good saving habits might be to invest that money so it's not just sitting there, but GROWING! that's my next step, anyway!

[@chunzhong6725]

You are amazing! I am currently doing my masters but still being paid by parents. I thought about doing a part time job during college but I literally just spent all the spare time studying otherwise I could not get the gap I needed to apply for my masters. I can tell you are such a smart girl, good at managing finance and time. One last question : how could u control your desire to buy things? Cuz I never was able to save money since there are always so many things that I want to buy!

[@gumdeo]

I used to save about half of my pay as well, it's a great way to accumulate cash.

[@effademiana]

me rn watching this inspirational vid to save up money at 6.31am haha productive morning i guess

[@AnahiAndJustin]

This is amazing I'm very impressed! Is there a reason why you chose to save up instead of taking out loans?

[@tarabobozo1344]

Thank you for the video. It’s really motivating. Do you have a car licence ? When did you get it ?

[@iCharls]

Hi. Love ur videos. Very informative and precise. Can you please make a video showing career progression, in terms of salary and job profile, of an average MiM graduate in consulting industry, over a period of 5/10 years? It is very difficult to find accurate information on internet on what lies ahead of graduating from a MiM program. Thank you.

[@johnguillen68]

It's great to see young people actually save money at an early age but for those who have car payments, credit card bills, and living expenses it is very difficult to save that much. I work part time and can't afford to save for school because I have all those expenses which I'm trying to pay off.

[@normapietri3332]

You're a boss babe !!

[@bykchoi]

☺️☺️☺️

[@ashleycayab815]

Yay! Thank you for this 😍 . . . Follow up question, do you think having your Masters degree internationally affected your overall financial capability by now or was it the ranking of your uni in UK, etc.? Still in the process of finding the right school and/or country to do my Masters. Thanks in advance 😊

[@bykchoi]

Hmmm I don’t think the ranking of my uni made much of a difference in the States because although UCL is top-ranked and very well-known in Europe/UK, it’s not AS well known in the US (outside of academia, maybe). I think for me it was my overall story/journey and going to London for my masters made the most sense to get to where I am now!

[@brittanyrichardson81]

Great video.

[@bykchoi]

Thank you!

[@xphantom1177]

You’re so pretty❤️

[@ImperialArmour]

For young people, the fastest way you can earn more is to switch jobs regularly(around 2 years per job). Learn what you can and switch. You are not going to working forever, and you will become older, so make sure you are getting paid as much you can. For fresh grads, unless you are doing internship/industry attachments as part of your degree, go straight for full-time jobs as most proper roles are for full-timers, might as well get paid for it.

[@jianguan9347]

70%? That's just insane 🙀 It's official now, you're my new model !

[@biancajingles2690]

Thanks for this video! I’m saving 25k for grad school right now and saving 95% of my income! 😊

[@bykchoi]

!!!!

[@mntk]

respect!

[@bykchoi]

Thank you 🙏

[@sagaljama400]

So I wonder if you paid off your university student debts first? or are you planning on paying that off next

[@j0499]

I'm not sure if you will be able to offer any advice but I am feeling so down. I am a second year university student. I go to a very average university which isn't seen as a target university, I'm worried I've ruined everything for myself ! How will I get into consultancy despite my placements when many people have gone to a better college than me.

[@shadowdragon1777]

Hey can you do a video on how you payed for your undergraduate college

[@Fina556]

can u tell me the habits and tricks to save more money for grad school?

[@nidhimadugonda5770]

Heyy, great video! I'm a studying currently studying my undergrad in engineering in India. I wanted to know if it's possibo to work part time in London while studying at UCLA to pay for bills and living expenses?

[@kingstonstreet3726]

Congrats

[@linayoung_ny]

Wow.. Cool❣️❣️

[@christinefrazier]

My favorite money book I will teach you to be rich by ramit sethi! Thank you for sharing your saving journey!

[@emmanuelmonteclar5370]

hi kchoi! i LOVE your videos theyre awesome...i was curious, since u studied english in undergrad, was it always your favorite subject growing up? :)

[@bykchoi]

I did always like English! Also liked Math too, though. Had a great teacher in HS :)

[@gracetan4434]

Please do share & make a video on investments !!

[@nathanielmills4678]

Great video. Saving is such a blessing and something everyone can do in different degrees. Is home ownership possible where you live?

[@bykchoi]

I think where I live now, yes. But where I’m from (LA), it’s much harder 😅

[@nathanielmills4678]

@@bykchoi Good luck with that!

[@dilidulu314]

comeback to see ucl！ i just moved here i wanna spot u ！

[@nishatr3414]

Hi Kate, can you do a video on why you chose to go to grad school in London as supposed to in America? 🤗

[@bykchoi]

Basically because it’s cheaper, faster, and i wanted to live in London!

[@2110sweetheart]

Thanks for the video! It’s very helpful. I’m in grad school now and have been wondering about saving while in school and also saving for retirement. Would you happen to know or have any leads on that, especially the latter? I find that retirement is only discussed once one is employed and has a 401k but being in a masters program now and planning to do a PhD later, I do not want to put off saving for retirement for another 6-7 years...

[@bykchoi]

I actually never thought of that but I’m sure that’s an issue/challenge that so many people face! I don’t know anything specific to help but I’m sure there would be some information out there. Good luck and let me know what you find out!!

[@yee2minty]

Wow you are impressive!! I have my first big girl job now and it has almost been a year. Since I don't have too much bills to pay, I give 50% of my paycheck to my mom so she can pay off the mortgage for the house. I save 10% and use about 40% of my paycheck, so kind of glad my mom taught me how to save as well!! :P

[@cherrypeach1714]

Hey there! Greetings from Turkey! Love how informative your channel is ! I have few questions for you, I’d be more than glad if you’ve answered them :-) soo, say you were just graduated from college and had the money, would you still consider choosing Masters degree in London that doesn’t require work experience right away? Do you think its better to work 1 year or two on the field of choice than choosing a Masters degree that doesnt require work experience right away? Have 1-2 years of work after school effected your acceptance process to the Masters? Do you think that a masters degree “not requiring work experience gor application” is better aplied quickly? Thank you

[@bykchoi]

It all depends. If I knew right after graduating college that I wanted to go into consulting, then maybe I would have considered doing that program. For my situation, it made sense to work first, then get my degree and switch careers. For others it might be different!

[@cherrypeach1714]

kchoi thank you very much for a kind answer 🙏🏻

[@clay1504]

Can you share your spreadsheet so we can use it?

[@mina0653]

it's impressive that you landed a 2000 dollar/month job after college wow starting level salary here is barely a half of that

[@danhulsoor2631]

Wtf. How much are you making? Did you do gender studies?

[@VChinese99]

Girl, I enjoy watching this video so much. After saving for this long n hard, was it hard for you to decided to use basically all of the savings for the master? I’m exactly at the same stage in my life right now. A bit hesitant...

[@bykchoi]

I wouldn’t say hard, but I was definitely very budget conscious when I was in London because I knew I was basically just eating into my savings 😂 but it was an experience I had been working towards for so long and I was ready! I also got a part time job while I was in London and was making (VERY) small amounts on KZbin so that helped too.

[@joshuawang5303]

First!

[@janekan8221]

Yes please do a video about investing! I think for me, after grads school, my next goal would also be to invest my savings , but I have no idea how investments works 😂

[@bykchoi]

hahaha we will learn together!

[@kurniawanteddy7]

nice video

[@bykchoi]

Thanks!

[@therightkindofpen]

Thanks for breaking down your budget. It sounds like you didn't have any student loans - is that right?

[@bykchoi]

hope it was helpful, and correct -- very luckily no student loans.

[@bigdhav]

I'm surprised at how people live paycheck to paycheck and don't even consider saving. Saving first is the biggest and most important thing for being financially responsible. I see it as if I'm getting paid £2000 per month, then at least £1000 goes into savings instantly. Like, not even seen, much like tax deduction. But jeez this is difficult in the USA, particularly with 401k and health insurance. All credit to you. I'm saving up to do an MBA (even though I've already done a PhD) cos businesses just don't take me seriously cos I don't have 5 years experience.

[@jordynhill7930]

Hi, great video! I am planning on going to grad school in England and I was wondering if you got any scholarship or help from the school to pay for tuition? I’m just curious if that is something that they offer to international students!

[@bykchoi]

There are some scholarships available but I didn’t receive any!

[@NtonLale]

If anyone wants to know more about investing your money or even putting it in an account that grows it, let me know!!

[@ehiremeuddin4520]

Starting a masters soon in economics in London soon and I'm thinking of documenting mine. Fingers crossed. 🤞🤞

[@bykchoi]

Yes you should definitely document your experience!!! Good luck!

[@ehiremeuddin4520]

@@bykchoi thanks, I have a budgeting question. How do you stick to your budget. I struggle to be consistent and the moment I falling behind I struggle with picking it up again 😭😭

[@bykchoi]

i struggle with this too! but i've found a good system that helps me stay on top of it. i'm planning to make a video so stay tuned!!

[@kirakiragirinl6872]

I'm starting grad school at UCL in a few weeks! What kind of job did you have while you were there / how hard was it to find one?

[@bykchoi]

I used the UCL job board to find a note-taking job! It actually wasn’t at the university but they had a listing there.

[@devakash2]

The fact that she didn't round off those 67 cents off of 56k explains her as a person! :D

[@liinnur464]

Are we the same person?! I did the exact same thing and I can confirm it 100% works! One more tip for people who are interested: check if your bank has the option to auto-transfer some money into your savings account every time you use your debit card. It can be as little as $0.50-$1.00 per transaction on your debit card but it'll add up!

[@bykchoi]

🙌