Pay Yourself First & Other Smart Money Practices💰👍😉

[@hellocatwalkcity]

I’m not a fancy person so my money practices aren’t fancy either. Simple, easy and straightforward is my style. I hope you find this video to be clear and informative. Most importantly, enjoy your financial journey! You’re in control and you can make it fun and rewarding. xx

[@honeyyeyes]

love watching videos like this! great tips and i love how you make space for charitable donations. Where did you get your agenda cover? love the quality leather

[@hellocatwalkcity]

@@honeyyeyes Thank you! It’s the Hermès Ulysses notebook cover.

[@bbabybchild5725]

We also do Pay Yourself First and am teaching my children that as well. In 2009, my husband and set the goal of living off one paycheck which we do - granted, we are high earners (worked for it, through lots of schooling and building a practice) but combined with responsible spending, savings, and sound decision making we were able to do it. As our income grew, so did our “ disposal income”. We also set aside monies for “travel” every year in the same way we save for retirement, college, and investments.

[@hellocatwalkcity]

👏 👏 👏

[@dakotahjadee]

I love how you mentioned charitable donations. My husband and I each donate 10% each paycheck to our church and some people think we are crazy. Donating makes us feel like we are doing something good. It is true the more you give, the more fulfilling life is and the more you also receive out of life. ☺️

[@whatsilviadid3993]

You are not crazy, what happens is that when you have your finances in order and follow a monthly budget, you are more intentional with your money and can afford to be more generous and those who dont think it is crazy cause they think they cannot afford it. I give away 20% of my yearly income in form of gifts, big tips to restaurants i love going, generous paycheck for xmas to my house helper, etc and that is because i believe that money is energy and a percentage of what I am lucky to receive, should be shared with others.

[@CligiaCherie]

amen!

[@dtropea2063]

Absolutely great video. Wish I had this knowledge years ago. I was “shopping” last night and had items in my cart and got to payment, and realized I didn’t need them. This way of thinking shocked me (I am an impulse shopper). But I then realized I am on a better path for 2022 thanks to you. I will start to keep a tally of I items I decided not to purchase. Please keep this videos coming. At any age, you can learn to manage money better.

[@hellocatwalkcity]

Amazing!!! So happy you’ll be joining the journey! 😊

[@bbabybchild5725]

I’ll put things in the cart but not check out- I feel happy just “window shopping”.

[@mbelieve9919]

Thank you for sharing some content about saving and building wealth along with all the great luxury content. I would love to see more videos on money management and investment.

[@sunspear4]

🤔🤔🤔I have always been frugal with my saving and spending, but this video adds food to my plate. You are my pause/delete button. I think more about purchases, I may put items in my cart, but I pause before I purchase(or not) I also think about saving, I don't want to save at a point where I don't enjoy to fruits of my labor at present, while saving for my future (Covid Lesson) As always thanks for these 20/20 vision videos 😎

[@hellocatwalkcity]

Aw so glad you enjoyed the video! Absolutely, it’s a delicate balance between saving for your future and also enjoying the present! 😉

[@tinas1642]

I love this! Please do more of this! So refreshing to hear an honest no-nonsense perspective! Thanks for sharing your thoughts on this!

[@itsourlocallife]

So much golden nuggets! We all need to hear these nuggets to keep us in check, bc it’s so easy to get caught up wanting items that we really haven’t thought out. Thank you for sharing 😉🤙

[@yingkhang]

Love this financial content and the simplified way you deliver it! Keep it coming Hanna!

[@angebudgets]

This is great information for a fellow handbag/luxury lover. Thank you for sharing your practices 🙏🏻

[@anthorpology]

Love this video and growth of the channel! An emergency fund is KEY, I've found that having one has really alleviated any money stressor that I have come up such as recently transitioning to a new job and having some gaps in pay. It's so important especially coming out of the initial COVID era, where things are still a bit uncertain!

[@hellocatwalkcity]

Aw thank you! Absolutely, having an emergency fund is crucial. Best of luck in your new job!!! 🍀

[@anthorpology]

@@hellocatwalkcity Thank you! I also work in HR, but more in the Talent department :D

[@meryemm.2820]

Yes, please! I hope you get the likes you need to start a series about savings and financial freedom.

[@WhiteandSparkly]

Excellent video! And yes to paying yourself first and everything else you mentioned in the video. 👍

[@melishamcalister1570]

I hold similar practices and beliefs and couldn't help but smile when I read the title" PYF.." It took me back to the early 90's when I first read The Richest Man in Babylon (the original 1926 edition) by George S. Clason. I appreciated that little book for its straight forward, no nonsense simplicity. The language is now dated, but the 'laws of wealth' are timeless. I enjoyed hearing many of them echoed here. Thank you for jarring that sweet little memory and for your concise and eloquent delivery. 💕

[@hellocatwalkcity]

I’m so glad you found my delivery to be simple and straightforward. I don’t like when finance talk is full of unnecessary jargon meant to confuse people. It should be easy and clear. 😊

[@TaraBeauty.Lifestyle]

Absolutely loved this video. Its so important to be financially literate and when you hear it from your peers, it makes you really assess yourself.

[@joyvillavicencio3501]

These tips and strategies are so helpful! Thanks for always sharing mindful money advice along with your luxury content 😌 Good luck with your journey for 2022!

[@omowhanre]

Wow, I’ve never been jealous of ANYTHING on your channel except for now when you said you have 1 year of living expenses. We have 3 months. I hope we can get to 6 months this year.

[@hellocatwalkcity]

Wow! Keep going! 👏

[@snam626]

Love these videos! Who says you can be smart with your $ and still enjoy what you want! Ty!

[@suchu10]

Simple, To the point, Relatable ❤️❤️❤️

[@hellocatwalkcity]

👌 👌 👌

[@lings.prettylilthings]

Thanks for doing these videos! 👏Am with you and agree to be smart with our finances. 🤩🥰😘💪🏻🙏🏻🙏🏻

[@jojolovesjacobhsiao]

Absolutely loving these finance related videos!! Can you talk about how you were able to pay off mortgage so early in your life and what are your strategies? And yes would love to see your pie chart of the investment profolio! Thank you 😊

[@arcilimccauley2113]

Great video! THATS SMART idea. thanks ❤️

[@mariac6759]

I used to work in investments and it's wonderful how you explained these strategies in such a clear and concise way. I have always believed in these practices particularly paying yourself first and maximizing 401 contributions. It keeps me from spending money I don't see. Having said that, it is also important to give way to some of our "kryptonite" to reward ourselves, in a reasonable way of course. Mine is travel, as I prefer to buy experiences for my family. With the pandemic and having to stay home, I was able to save a lot in the past two years but I look forward to resuming overseas travel this spring break, fingers-crossed.

[@hellocatwalkcity]

Thank you!! That means a lot coming from someone who worked in investments. As for the kryptonite, yes! We all have something, don’t we! 😂 I think travel is essential so I don’t consider it in the kryptonite category. 🙈 I say travel is necessary for my soul. ✈️ Hope you’re able to enjoy some fabulous travels this year!!

[@contentwithcandace]

Excellent video! I love these types of videos!

[@jenyaspringer7926]

Love this, great tips! Thank you so much for taking the time to make this video🤗

[@kimhoang9635]

Thank you for sharing such important messages. I hv also been practicing most of what u have mentioned but somehow I let the overspending part of me get in the way in 2021! Thank you for the reminder and encouragement for the new year Hannah. I would love this as a series as a reminder to help keep me on track. xo

[@hellocatwalkcity]

You’re so welcome! I think 2021 was a wild year in terms of shopping, for many of us! 🙈 Let’s make 2022 the year of balance. 👌

[@marcelayork4333]

Thank you for video. Great information and it is so true once you take control of your money things seems different. 😊👏👏👏

[@jackieduplessy1459]

Wow!!! I can hear the excitement in your voice. Great video. I’m definitely taking your advice. I hope you continue this… I hope you get over 1000 likes. This is life changing advice you are giving. Thanks so much

[@hellocatwalkcity]

Yes! I can’t help but get excited talking about this topic! I’m so glad you enjoyed the video!

[@XoxoLeo85oxoX]

Love this video! It was very informative and definitely made me think twice about my spending habits. Thank you so much!! ❤️

[@z0ebella]

Love this! Started watching your channel for the luxury but staying for the concise info on finances. My husband will love my watching your content now 🤣🤣 He loves the money guy show and they say the same thing you do “pay yourself first” save 25%, invest, give, have an emergency fund etc

[@hellocatwalkcity]

That means a lot. Hope you stick around for more videos in 2022. Thank you!

[@andreacoppolecchia4452]

Bravo! I love everything about this video. Thank you so much! I’m feel good to employ many of the same practices 😀 Would love more content like this. I’ve been thinking about switching to high deductible health plan but have been nervous to make the switch. I’m curious if there are considerations to be aware of?

[@hellocatwalkcity]

So glad you enjoyed the video! I think high deductible health plans are great options for those who are generally healthy and want to save money on paying high insurance premiums. However, you'll want to be diligent about putting money away in an HSA so that if an unexpected medical emergency arises, you will have enough funds to cover the expenses. Hope that helps!

[@riverofphoenix]

I genuinely love your videos. This one really resonates with me. I spent too much during the end of last year and am definitely going to be controlling my impulsive buys this year with that strategy you mentioned. Lots of great points mentioned! Thank you for sharing!!

[@margaretbrett4073]

Great video.so useful especially after the past two years!! So interesting what you said at the end.Really need to slow down this year.Here’s to more videos like this one!!

[@judeallan268]

Great video thank you. I am going to track my 'almost buys' too. Love that idea! 💕

[@hellocatwalkcity]

👏 👏 👏

[@RC_17]

Loved this video. Thank you for your tips💕

[@Juli-vc9kq]

I always saw stingy as being greedy and I’ve felt myself going down that path two years ago… and a year ago and a half i started to try to change that so when I start working soon (because I’m a SAHM at the moment) I want to give away to those I see in need and charities for those in true need💚giving many years ago made me feel spiritually happy🙏🏼not just money wise but in whatever way I could 😄

[@hellocatwalkcity]

Giving benefits the giver not just the receiver! Good for you! And good luck transitioning back to work. 🍀

[@karenmich2]

Love this! More of the same please! Can you recommend any money tip books?

[@hellocatwalkcity]

So glad! I mentioned my husband’s book. It’s linked in my description box above! 👆

[@retrovelcro]

I'm new to your channel (and luxury purchases), and I know this is an older vid, but just wanted to say that I appreciate these money talks. It's helps keep me motivated and on the right path/mindset when buying luxury.

[@hellocatwalkcity]

I'm so glad!

[@honeyyeyes]

love watching videos like this! great tips and i love how you make space for charitable donations. Where did you get your agenda cover? love the quality leather

[@rebeccabilderback9941]

Thank you for this video. Finances can be intimidating, it was so helpful to hear you talk through these options!

[@hellocatwalkcity]

I’m so glad you found it to be helpful!

[@ilariama82]

Thanks for this video! It's impactful to see as I normally "let things take their course" (we have 3 accounts -1 each and one for house/expenses/emergencies - pension and that's about it) but should definitely put more thought into it.

[@hellocatwalkcity]

You’re so welcome! I hope the video gave you some ideas.

[@magnoliarose5910]

Wonderful video!! All excellent points, and we also do 1 year emergency fund (along with everything else that is relevant to us that you mentioned). Love the idea of tracking what you didn’t buy and then paying yourself with that - great and fun motivation. Other considerations we have that I know you don’t have is a mortgage but also balancing paying off mortgage faster vs investing that money. And also estate planning - wills, etc especially if you have kids. Diversify (of course), consider other forms of investment like property, business venture investments, alternative sources of income. From my first full time job at 22, I have always maxed out the 401k. That has definitely been a wise choice. Yes! Pay yourself first! Good reminder!!

[@hellocatwalkcity]

Yess!! Diversifying is important. As for estate planning, that’s what my husband does for a living. 😂 And so smart of you to start maxing out your 401k from the very beginning!! 👍

[@magnoliarose5910]

@@hellocatwalkcity Really! Too funny. We are fresh from our planning session for obvious reasons. Lots of things set up! If you pay yourself first, you will never miss that money. Good habit to learn young, y’all!

[@arabadzhieva]

Hi Hannah, love your videos! Thank you for putting the time to make them for us to watch! I was wondering, what is your profession? I am an engineer with a passion for fashion 🤓🛍👩‍🔬

[@ciciwms001]

This is so detailed. I feel like I need a class.

[@hellocatwalkcity]

I wish they would teach this stuff in schools!

[@mehwishtirmizi655]

Great video! It’s hard to figure out what financial goals to set in this day and age. This was very informative and inspirational though. I still see TikTok and IG videos talking about Chanel bags being a better investment than other options… but honestly that just doesn’t give me the warm and fuzzies 🤔

[@hellocatwalkcity]

Nope, bags that we want to use and wear are not good investments. I’ll talk about this more in a future video!

[@chidenisee]

I am definitely trying to rebuild my emergency funds. I also want to travel with my son more So that's my main focus.

[@hellocatwalkcity]

Travel is so good for the soul! 👌

[@mxhyungwonie8098]

So happy I am following a lot of these tips already. Gives me peace of mind knowing I’m on the right track. Could you please share your nail polish color?

[@hellocatwalkcity]

Yay!! So glad you’re already doing most of these. 👏 My nail polish is Essie - color is clothing optional.

[@caroliegeorge]

Amazing video!!! Thank you Hannah. Love it!!!

[@onemustalwaysbedifferent]

I LOVED this video! Please do more! Could you please let us know the book your husband wrote? I would love to read it and become more educated in the financial field. Thank you 💙

[@hellocatwalkcity]

I’m so glad! I linked the book above in my description box! 😉

[@carriechun6178]

Thank you for making this video. Do you have any book recommendations for beginners on saving and investing?

[@hellocatwalkcity]

You’re welcome! I linked my husband’s book in my description box above. I’m biased but I think it’s very concise and well written without the usual finance jargon. It’s a great book to get you going in the right direction. 👌

[@carriechun6178]

@@hellocatwalkcity 👍💕

[@carriskeene1997]

I loved this video !! It was extremely informative. I am also on my own financial journey and you motivate me to work towards being debt free and managing my money better. I’m doing a lot of research this year and learning about investing etc. so this video came at the right time ! You said your hubby wrote a book on financial practices. Is it still available ? Thanks again for an awesome video !

[@hellocatwalkcity]

I’m so glad you found the video to be informative! I hope it’s helpful on your financial journey. The book I mentioned is linked in my description box above! 😉

[@sobe3328]

Great video!

[@thaic7422]

Great video. Can you do a video on investments?

[@joydantongma728]

Thank you and hope your husband feel better soon!

[@hellocatwalkcity]

Thank you so much!

[@rafafanno1]

Thanks for a great video. What happens if you go over the 401k annual contribution limit? Also, does this limit include employer matching contributions? Thanks!

[@hellocatwalkcity]

If you go over the 401k limit, you may incur additional taxes both when you contribute and when you withdraw. Best to avoid that. The limit does NOT include employer matches. Hope this helps!

[@green10wine]

As a young professional, this is sooo helpful! Thank you for sharing and do more of these please! Also, to clarify: PYF fund goes into investments? or saving+investments?

[@hellocatwalkcity]

PYF goes into emergency fund first if you don’t have one and you don’t have a security net. If you’re in a relatively secure position, I’d recommend having at least 3 months in your emergency fund and then start your investment account to see more growth. Hope that helps!

[@cassandrawilliamson1773]

Great job as always Hanna 😍

[@hellocatwalkcity]

Thank you Cassandra.

[@annabanannz]

Thank you for this! So helpful to emphasize balance and importance of saving. Just curious - what tools do you use to keep track of all of your savings/investments/expenses?

[@hellocatwalkcity]

I use Excel to track everything on my own. 👌

[@connieholmes4853]

Question, with the 529 plan, if your children want to attend college out of state, are there penalties to the plan? Also great video, I wanted to buy stock, do you guys buy individual stock or is it included in your 401? Oh I would like to a more detailed financial journal without being to personal.

[@hellocatwalkcity]

529 is for any qualifying education expenses regardless of which state they go to school. I invest through my 401k as well as my IRAs, and separate brokerage accounts. I’m a huge fan of index fund investing vs picking individual stocks. Hope that helps!

[@sqladmin07]

Thank you for your sharing, would you mimd share the book name that your husband wrote please?

[@hellocatwalkcity]

I just linked the book above in my description box!

[@NalaS]

Hi Hannah! Thank you for this super informative video! Will rewatch everything again later to take notes 📝 quick question too: what planner/notebook are you using?

[@hellocatwalkcity]

Hi Napa! I hope it’s helpful! I’m using the Hermès Ulysses notebook cover and notebook insert.

[@aseelkhatib3272]

Hey! Love your page, can you do a video on kids savings etc? Thank you!!

[@hellocatwalkcity]

Sure, what specifically would you like me to cover about kids’ savings? I may have touched on this before but if there’s enough interest I’m happy to do a dedicated video. For now, my kids have their own brokerage accounts for long term savings/investing as well 529 accts that we fund for their college money. The rest is handled by themselves in cash - learning how to save, spend, budget. Hope that helps for now!!

[@ameliarosescloset]

Really enjoyed this 💕

[@hellocatwalkcity]

I’m so glad! I know you and I have similar mindsets when it comes to this stuff. 😉

[@AnhLe-vn9rv]

Good video! Great advice 😊

[@maynilagirl]

Great video! My New Year’s resolution for this year to control my impulse purchases and try to save more. Hopefully you can give us some tips or share some of your knowledge about investing. What are your thoughts on investing in crypto currency?

[@hellocatwalkcity]

I’ll share more about my thoughts on various investments including crypto in an upcoming video. Good luck with your resolution this year!

[@lovealwaysjasmine]

Can you please do a video on KZbin income and how to invest and allocate to fun spending on handbags lol thank you

[@claudiaames580]

Can you share the percentages that you use? I’m curious, and I need some help

[@hellocatwalkcity]

I will try to include this in a future video.

[@lilycheng3690]

Chan you share the name of the tan planner you are using?

[@thuyl.]

It's the Hermes Ulysse Notebook Cover I believe

[@lilycheng3690]

@@thuyl. thanks

[@pebbleandminky]

Hi I'm a new subscriber I love your channel, please if possible provide the link or details of the book you referenced in this video..Much appreciated!

[@hellocatwalkcity]

Thank you for subscribing! I just linked the book above in my description box!

[@abigailhortencia5901]

Great video👌

[@frances2happy]

This is irrelevant to the video, but what’s the nail polish color you’re wearing!

[@hellocatwalkcity]

Essie “clothing optional” polish 💅

[@javius2000]

Sorry, but HSA account through some employers do NOT roll over.