FINANCE ADVICE 101! Budgeting, Saving Strategies, Taxes, Retirement | Post-Grad Perspective Ep. 1

[@MorganYatesVids]

I listed timestamps in the description box in case you're only here for one or a few topics!

[@Itsbrittkneeitch]

The best thing my dad told me about finances was to live below your means that way you’ll always have extra

[@abigailgxoxo]

When I was getting my first car loan, the finance guy gave me one of the greatest pieces of financial advice - pay your loans on a weekly/bi-weekly basis. You save a considerable amount on ridiculous interest by paying 2-4 small payments a month versus the typical once a month because most loan interest compounds daily.

[@candy2325]

Abbie Gibson yup! I agree! I pay my loan every Friday for MONTHS! I can’t wait to pay it off!

[@nancyharris9428]

Ah I may need to switch to this

[@yourstrulymaritza1383]

Please do more of theses videos cuz am kinda lost when it comes to finances this was helpful for sure downloading the app thanks❤️🥰

[@jenniferpettice3812]

Wears a cash money shirt for a financial planning video. 👏👏 #Boss

[@MorganYatesVids]

HAHAHAHA omg I swear on my life I didn't realize that until right now LOLLLL

[@Plan2Run]

I’m a paper and pen person . But this video was helpful. It gives me joy seeing you talk about money ! I’ve watched your channel since the earlier days .

[@aishamoolla6895]

Such a great video! As postgrads, we don't always have the financial literacy that we actually need. These videos are so useful

[@nataliepeterson969]

Such a smart idea for a video! I just started my first post-grad job two weeks ago and got my first paycheck and I'm already so stressed and overwhelmed from trying to start budgeting my money >

[@jessischlosser]

shoutout to you for teaching me more about money & budgeting in this awesome vid than i learned all throughout my life so far!!! love u girl!

[@marymargaretlove3403]

That is crazy to think about what 10 more years of savings could do for your retirement! Glad I am hearing this now as a 20 year old!

[@Hdvies]

Something easy to do if you’re using debit cards is round down your account each time you make a purchase to an even amount & transfer the 50cents or couple dollars across to savings. Eg, you have $15 in the account and spend $3.40 so you round down to $10 and put $1.60 across to savings. You don’t even notice the small amounts missing but it adds up in savings. There’s also apps that do it for you.

[@joellesutton8959]

awesome!!!! glad you mentioned the cleo app, will def be checking that out cuz it sound super helpful

[@aquagamer1212]

I definitely need to start budgeting and cutting things out of my life that I don’t need. 💙

[@jenniferem651]

SO EXCITED FOR THIS SERIES!! THANK YOU FOR THIS!!

[@hockeybuck00]

If you are someone who touches their savings, don’t bank at one bank like Morgan. Put the savings you cannot touch at a different bank all by itself. That way when you are budgeting and managing your money, you can’t see the savings so they “don’t exist.”

[@MARIARODRIGUEZ-xb5cb]

JUST DOWNLOADED THIS CLEO APP! SOUNDS SO BOMB AND EASY! SO CONVENIENT!! I HAD GOTTEN THE BIRCH APP BECAUSE I WANTED TO COMPARE THE DIFFERENCE IN MONTHS THAT I SPEND THE HIGHEST AND LOWEST MONEY AND IT ISNT GOOD I DONT RECCOMEND IT THIS APP LOOKS AWSOME!! !

[@TarynnH]

Never get stuck on the idea that you have to wait until you’re 65 to retire because that’s when you can cash out on social security or 401k. Definitely research “Financial Independence/Early Retirement”. If you start young, you can set yourself to retire much younger. And by retire that could mean pursuing passion projects or a much lower paying but way more fun job.

[@its_sherri]

Soo helpful 🙏🏼🙏🏼 Thank you!

[@hannahcooke9793]

Can you do a motivational video? Like how you stay motivated and productive. Especially in your career and going to the gym? What are your self-discipline tips?

[@LovedHappy]

So much wisdom! You go girl! Keep sharing this stuff.❤️

[@meaghanwood1844]

Did you have student loans at all? I feel like that’s what is holding most young people back from having a lot of savings 😢 you’re advice is 💯

[@wellnesswithsammi]

Love this Morgan! I'm hype for the rest of these videos!

[@jepswashere]

i have a roth ira with vanguard too! and a 401k through my employer. saving for retirement is so important!

[@victoriareed22]

Loved this video! Super helpful! I’m definitely gonna try the Cleo app. I’m 22 and have HORRIBLE spending habits so I know now is the time to get my shit together lol. Thanks for the advice ❤️

[@allisondaniels1459]

Kudos for providing financial education to your subscribers! You may already know this but being self employed, you can open a SEP IRA, which is similar to a traditional IRA but has much higher contribution limits in event you can/want to save more. 😀

[@palmtreecruises]

I love these helpful videos!! I also make videos on finances/all things 'adulting' because I think there's not enough information out there for women/by women. Love it!

[@mandyo7968]

this was awesome, there is definitely too much mystique around finance - thanks for being willing to share and start the conversation!

[@OnTheGoWithCarson]

I love this! I’m the exact same age as you so I am right there with you trying to think of the future and be smart. I actually got married last year and ended up getting a chase sapphire reserve card right before the wedding, knowing I would 100% earn the extra points from how much we were spending. I ended up getting so many points I got a basically free trip to Ireland this year out of it. Timing is everything. We just bought a house, so right now I’m trying to put aside money so these saving tips were great, although I knew about them before. Sometimes you just need someone else to give you a kick in the ass 🤪 so thanks girl!!! Definitely more videos like this please!

[@maceymyers1492]

yay i’ve been waiting for this!! thank you!

[@meaghanwood1844]

Loved this video!! ☺️

[@emaleeg6737]

Morgan deserves more subscribers

[@heatherd.2301]

Loved this video! Very informative, i can’t wait for the rest the series! 💕

[@emsessentials2121]

This video is a great start to your post grad series Morgan! I'm looking forward to the other parts! I was wondering if in the future you could share any investment resources (if there are any websites you refer to, books you use, etc.)?

[@gracepfankuch15]

This was genuinely helpful and honest. Thank you!

[@tatianavelasco1335]

I love saving strategies so much

[@clodwy97]

PUMPED for this series!!!!

[@sarahkromminga4101]

Great advice Morgan!

[@em-ue2qx]

Love this! Can you make a video about student loans and college debt and if it's worth the money to go away to school vs stay at home?

[@-AGB-]

I’m a senior in college, I stayed at home. If you want to go away apply for all the scholarships that you can. I know some schools have housing scholarships something like the farther you live the more money you get. If you value the “typical college experience” sure go way. If you have a car thats safe and live within 30-45 mins of a good college stay at home and save some money, but make sure whatever school you choose offers the program/major you want. As for loans they suck, future you will not be happy Haha if your family will help you through college try not to use a lot of loans. I’ve had a part time job for the past 5 years of my life. I use loans but they cover like less than half of my tuition the rest my parents and I pay out of pocket. There’s a lot I could say on this . I currently owe 15 grand in student loans. I went to a community college my first two years and save a lot of money. Most college seniors are in 30-45 grand in debt. Pick a school that has your program, apply for scholarships, and if you’re currently unsure look into community college. Your first 2 years of college is a repeat of high school classes so educationally, you won’t be missing out on much.

[@em-ue2qx]

Abigail Bonsrah thank you! that actually helps a lot

[@ilovepalmtrees08]

If people want more financial advise, listen to Dave Ramsey!!!!!! So good!!!

[@ohhlivyahh]

This was great!! Thank you for sharing, looking forward to the rest of this series!

[@curlyhairlove]

This is great advice!! I’ll just second what you said about credit cards, the “optional” things are totally what makes it so easy to end up in debt. I’m still recovering from that personally and kicking myself because I could be in a much better place financially by now had I been more careful. 🙈

[@madisonelyse6517]

If you wanna look into a savings account I’d really recommend ally bank! They’re all online so you can just transfer your money from your primary bank but since they don’t have to pay for all the stuff normal banks do they can give higher rates so you can make more money, I keep my emergency fund there so it grows faster and since it’s with a separate bank I know I won’t touch it

[@vanessahelenjanea]

Thank you so much for making this video!! I am going into my junior of college and looking to open a credit card with an Airline as well. This was so helpful, thank you!!😊

[@crystallllh]

Dave Ramsey who??? Lol love ya girl can’t wait for the rest of the videos you have planned! 💖🙋🏽‍♀️

[@Torr.explores]

crystal hernandez I get that his stuff works for a lot of people but I can’t stand listening to him.

[@MorganYatesVids]

LMAO

[@BritasticLove]

girllll I needed this. I used to be so good and then when I moved to Cali I literally just mindlessly spend my money 🙃

[@MorganYatesVids]

I feel you lol it's easy to do here

[@madeleinepousar]

Love the series 😊

[@jaritzaguevaraleon8826]

The information was very insightful!

[@diane_zealous]

Ahh just what I needed, THANK YOU!😊 💜

[@Julietbadillo]

the content that we ALL needed

[@amieheitchue]

Sooo many great tips thank you!!

[@enochjchuang]

Thanks morgan! This was super helpful

[@sharonhughes9122]

Instead of going to happy hour to catch up with friends during the week, we now go on a hike together! Healthier and less expensive 😁

[@riyadhami587]

much needed, thank you

[@Sarah-Katsandres]

This is my first video of yours that I’ve watched and I loved it! I was looking for financial advice from another person my age (vs from someone married with kids haha) thank you!!

[@MorganYatesVids]

Aw yay!! Thanks for your comment :)

[@jenniferpham6534]

lol i feel so stupid bc i thought the title of this video said “fiancé advice 101” 😂😂

[@sincerelysandi]

Jennifer Pham haha🥳

[@NickCarr]

This vid was so helpful as a college student thank you!!

[@haddys2425]

THANK YOUU so much for this what a queen

[@makeupbymollyc]

You should also put the max amount into your IRA bc you can deduct it on your taxes :-)))) love, a future cpa

[@lolismeloser]

how are you studying for your CPA? any tips?

[@makeupbymollyc]

lolismeloser i haven’t started studying yet but I’m going to be using Becker!

[@moniquehicks8292]

How do you deduct it on your taxes? I put the max into a ro th every year. Do you have to itemize to deduct it?

[@makeupbymollyc]

Monique Hicks you enter it on line 32 of the 1040 form!

[@makeupbymollyc]

Monique Hicks to be more specific, it’s considered a deduction from income so it has its own line on the first page of the 1040. It wouldn’t be itemized

[@drumminchick276]

I'm just about to make a budget to see if I can afford a new car so perfect timing!!!

[@albanycedeno1108]

Really good!!!

[@bethanynoonan3592]

love this morgan! Also are there any smaller youth era here who want to support each other 💖

[@lielshapiro9310]

Thank you, I really needed this! Xx

[@carleelosnegard7177]

LOVE! 🙌🏻 Who do you bank through? I don't believe mine offers a money market account.

[@Unique007]

#Morgan *Everytime you nailed it* _Everytime you rock_ *Everytime you love us* Everytime I respect you *Everytime you will be the greatest*

[@owolabiolaoluwa1322]

#FinNexus will establish a system of fund settlement, risk control, fee allocation

[@user-gw2fr9cv2v]

Hey Morgan! I’m a fellow UNC Chapel Hill alum (2019) and I make budgeting videos for post grads specifically if anyone needs help with that! Loved the video!

[@BriannaFullerton]

so helpful!!

[@Gitanaplans]

Question. I'm also self-employed and need to put money away for taxes. I'm wondering if you pay quarterly taxes or if you just pay once a year? I got spooked by the internet when i was told that if i expect to pay more than 1k in taxes then i have to pay QUARTERLY and now i'm all confused and freaking out. haha thanks

[@Jeveray]

I know this is off topic but you sound exactly like a morning news anchor (does this make sense hahha?) (also not a bad thing)

[@Gitanaplans]

Also. curious to know what bank you do Money Marketing with! I'm currently looking for a bank to put my tax moneys in rn :) thanks!

[@drumminchick276]

I'm honestly so ready though for how to make friends after college video. I went out of state so all of my friends are super far away now and I don't know how to find friends without school 😂

[@autumnmockensturm15]

Does anyone use Cleo?! I wanna do it just wanting some reviews!

[@clairew1997]

does CLEO hurt your credit care if you link it with your card?

[@reginnaaaLH]

Claire w No, it doesn’t.

[@clairew1997]

Regina how do you know 100%?

[@sciencenerd6623]

Claire w I assume you mean credit score? And definitely not as that is factored by 3-4 separate categories of credit card usage

[@IsaacMikayla]

your background 😍

[@ivanaberg3331]

Great video 💖🥰

[@johanaandromie609]

has anyone actually used cleo?

[@jennifermartin6296]

My goodness you talk fast

[@jennawalker6586]

so so so smart thank you for this!!

[@PrincessJacklyn333]

This is amazing! Thank you