What to do if You Have No Savings (7 Key Frugal living Tips)

[@Flourish_today]

When the pandemic hit back in 2020 I had only 3k in emergency funds and this was scary. Thank God for work from home. I looked into my spending habits. Living in an apartment I stopped using the washer and driers. Started washing my laundry and drying it in my apart on a clothing rack. Cooked all my meals. Thank God malls were closed. I refused to shop on line. Canceled every subscription. By the end of 2020 I had saved 25k. I kept up with the savings even when things opened up I was so used to my inexpensive was of living. I have saved 30K. I keep it going.

[@adamarlem9863]

Wow!🏆There are small "portable" washers, some more automatic than others. They hook up to your regular faucet and your regular electric plugs. Clothes come out exceptional dry, I was surprised. Have an indoor laundry rack. Also if your apartment has a no clothesline-rule, you can just clothespin smaller items to the back of a lawn chair :)

[@rebeccareyna4137]

Same !!

[@whitmichelletv]

Great job! This has given me an idea.

[@josiegibbs1176]

@@adamarlem9863 where did you find your small portable washer, I’ve been looking for one?

[@writeart7636]

👍 great

[@hillzzworld6218]

1. Know where you stand 2. Check your lifestyle 3. Set clear goals 4. Create a budget 5. Create an emergency fund 6. Make a plan to pay off your debt 7. It's okay to start small/start as you can

[@bobatking7985]

Thank you! In my mid 30s, assessing my life, my spending habits. I've only now realized I've done nothing for my self but make the rich richer. No lottery jack pot here.

[@Clevergirlfinance]

Better now than never! Remember- you can do this!

[@sonofroderick4255]

I subscribed to your channel. I'm going to use your channel as a baseline regarding my goal of $10,000 by the end of 2022. I'm a 60 year old male starting from scratch and I really enjoy your simple tips, the clarity of your voice and the way you explain. I'm going to check out your budget planners and merch. Thank you for your teachings

[@VeronicaSpruill]

You’ve got this!! 👏🏿👏🏿👏🏿🙏🏿 best of luck on your 2022 goal

[@thundacat9378]

One day at a time my guy.. I wish you the best of Luck

[@karlabritfeld7104]

60 years old and starting from scratch. Good God, you live in the usa, what rock have you been living under?

[@NA-rc5me]

I just now discovered this channel. I LOVE the way you present the information. You are very composed and approach the subject very technical and rational. No screaming, stupid jokes or ‘trying to be interesting’. This is a fresh wind on KZbin. I wish you the best and keep the content coming. And as a bonus……SHE WEARS DECENT AND COVERING CLOTHES AND DOES NOT OVERDO THE MAKEUP 😍😍……..HENCE……THIS WOMEN IS ABOUT CONTENT ONLY

[@sueannwalker3146]

Totally agree with you!

[@josecaraballo6053]

It's okay to save small amount of money each paycheck.. That is what I did to create my emergency fund... I feeling more confident..saving just little money each month.

[@robyndismon394]

Outstanding. And don't ever stop. Slow and steady wins the race!

[@blessedchildofgod9112]

So true

[@loiscarteaux9389]

Your channel came through my feed and wise advice young lady. I'm an old lady who has lived this for decades and it works. My hubby and I will come alongside people who are struggling and many who live below the poverty line. And those who sacrificed and worked their fingers to the bone (for a while the bone part.) Are the ones who transformed their lives. So I appreciate you giving me another tool to share. Last comment for the young, look for a wise older woman, couple who want to pass on their wisdom and come alongside you. We've done stupid and have learned many lessons. God's Word has a lot to say about finances and it works.

[@namagembesylivia3903]

Am really glad that I got to hear this

[@TheWanderer28]

Nice video. I found that by living a simple, yet enjoyable life will result in a steady stream of savings. Examples: Watch movies at home instead of in theaters. Or, better yet, get out of the house/apt and take a walk and mingle with humanity and enjoy the outdoors and watch a sunset; Make your own coffee, or get it at McDonald's instead of Starbucks; dress simply and tastefully instead of wearing expensive clothing brands, as generic clothing will keep you just as warm and comfortable as the expensive clothes. Eat more at home healthily and cut down on junk food and expensive meals at overrated restaurants. And the lists goes on and on. Where it stops depends on how much you want to save. The beauty of these suggestions is that you don't have to do without, but just better choices.

[@robyndismon394]

As informative and insightful as this video is some people have NO idea what a 'basic necessity' actually IS. For instance I know a few women who will valet park no matter what, hair appointments, manicures and pedicures, happy hour, don't even start with Starbucks, buying prepared foods as opposed 2 cooking from scratch, driving an extra 30 miles or more 2 run errands as opposed 2 creating a plan to save on gas. The list is just endless. I've said all of that 2 say this. Sometimes the first step 4 specific persons is 2 sit down with a pragmatic realist. They r experts at helping find ways 2 cut back or save money. They can also assess a need from a want objectively. Great content!

[@athens31415]

I know a ton of men who spend hundreds of dollars on sport event tickets, thousands on new or expensive cars, sometimes multiple cars, and fishing boats and stuff. I agree that a lot of people don't understand what a "basic necessity" actually is.

[@sheilabrown9051]

Well said. Definitely an eye opener. These are all facts.

[@karlabritfeld7104]

Thank the Kardashians for that.

[@vincentmanungo8371]

Number 7 touched for real.Start small , it's not bad for some of us who earn little .I just came across with this video thank you so much my sister.

[@asapasiafury4100]

If you don't admit that you have a spending problem none of this steps will help you. People live way beyond their means! They eat out, shop carelessly, feel entitled, have no common sense about spending, don't save for emergencies, take vacations by charging their credit cards. If they decide to receive money management counseling than they may improve. Their are several reasons why people spend, it could be self soothing, grief, loneliness, depression etc.

[@karlabritfeld7104]

And then they expect someone else to bail them out.

[@lindass5966]

@@karlabritfeld7104 that's a little simplistic. People go into debt for different reasons. Like unexpected medical bills or divorce. Everybody's story is different.

[@DougPhillips]

Good video. I totally agree with you that everyone needs an emergency fund.

[@justlm316]

These are the things they should teach kids in school

[@MegaDiddlemaus]

Live below your means and everything would be just fine❤️

[@veronicabone8835]

A 3 year old video came across my feed at the right time. Good advice. Sell items I'm not using/closet clean out and it is ok to start small. New subscriber here!

[@Clevergirlfinance]

Glad it was helpful! Thanks so much for subscribing ❤️

[@JaciraDeMatos]

I love that YT is recommending this video at this time of the year and I’ll ensure to share it! Stunning video and I can definitely applying even with savings ❤️

[@Clevergirlfinance]

Thanks so much for tuning in!! Waiting for your next video!!!!

[@JaciraDeMatos]

@@Clevergirlfinance finally managed to record today, I’ll be editing ASAP should be up Saturday evening 😃

[@Maria-nh9jz]

Im 54 and have no savings and every time I save a little I have to use it for my car repairs. Thank GOD HE ALWAYS makes my way to fix my car. Even if it was the couple of hundred I saved and I'm back to ZERO in my savings

[@polgara28]

New subscriber here. Sharing this with my daughter, too. Excellent channel! Thank you SO much for what you are doing. ❤️

[@Clevergirlfinance]

Thank you SO MUCH for tuning in!

[@realnaturalist9932]

I agree about starting small and building as you go.

[@riseupbloom9836]

Excellent video. I am retired however, these tips are still useful thank you!

[@beckymyles3575]

I truly needed to hear this video today. It's simply and right to the point not overwhelming. I'm so glad I came across it. I'm going to look for more of your videos. I'm ready to get it together. Thank you so much

[@annamoonlight7223]

Watching from Toronto! This is timely and relevant in my life right now. Thanks a million 💕

[@lynpryoraudio9868]

This is good advice. I will start by getting my emergency fund this month. Thanks, Bola!

[@nicemomasmr]

When you say "it's ok" I really believe you 😭

[@Clevergirlfinance]

🙏🏾🙏🏾 it is!

[@realnaturalist9932]

can also be from just not having a job that pays enough salary to cover your expenses, so you use every drop of income to survive, eat, bills...etc. caring for an elderly parent/family member that has suddenly had a health change and medical cost or rest home/care facility cost is expensive, and they did not have any savings or did not prepare for retirement.

[@Clevergirlfinance]

Thanks for sharing!

[@FineNaturalHairROCKS]

Solid information as per usual! Thank you for sharing!! 🙌🏾 P.S. I really like your informative, friendly yet straightforward delivery. Your camera presence is really great!

[@Clevergirlfinance]

I appreciate that! Thanks for being here!

[@marthabooker2289]

God bless you, Clever Girl Finance. I just came across your channel and immediately was blessed. You're very clear in your presentation. This was exactly what I needed to hear. Thank you and have a blessed day.

[@sweettoothmarie7304]

I love how you broke this down to manageable goals 👏👍

[@Clevergirlfinance]

Thanks for tuning in!

[@sylvia5642]

Hallo Ich finde deinen Kanal super. Finanzielle Aufklärung ist so wichtig, gerade jetzt in dieser harten Zeit. Vielen Dank. Liebe Grüße aus Deutschland

[@TheHoriginal]

Guten Morgen :)

[@rubyduck3]

I have savings I cannot touch and a 2k overdraft for emergency use only. I get my car serviced to avoid any sort of mechanical issue and visit the dentist for checkups. I learned the hard way about my car and teeth, as they contributed to some of my debts. I took out a loan to consolidate the debts, and once this is paid off, I will start another savings account. I don't shop and avoid the malls. I will check the opportunity and thrift shops first to replace things when they are worn out and I buy quality items on sale or marketplace. Recently started upcycling furniture as a hobby and then realised I can make money on the side doing up small pieces to resell. I like the idea of setting a goal to save 10k in a year so that is the next video I am going to watch.

[@Clevergirlfinance]

Thanks so much for sharing and tuning in!

[@rubyduck3]

@@Clevergirlfinance great channel and will keep on with my plan for financial freedom.

[@rubyduck3]

@@Clevergirlfinance A few years ago, I got help from a budget advisor who works for the Salvation Army- He saw so many people in horrible situations, debt in the tens of thousands and no way out of it. He taught a seminar style where he taught us about how credit works, how to reduce debt by snowballing smaller debts and personal loans from friends were paid back first. Then he gave us a formula to stick to. 70% of income on living costs (not just rent) then 20% on debt reduction 10% savings. He also told us if your rent is too expensive, downsize or get boarders. I started an Airbnb with a spare room and charged a good nightly rate. He also told us that no church should ask for tithes from people live at below the breadline level of poverty and that you don't need to explain or feel guilty for saying no. They should be helping you in the first instance.

[@charlettecooper9457]

I am starting mine next year in January.

[@Clevergirlfinance]

Do it!!!

[@mrs.h4484]

Will do me me good. Actually my husband gets bonuses, does extra work and keeps it all that for himself. I struggle to keep up with the credit card bills, and payments for two new vehicles, a 12,000 dollar lawn mower to cut 2 acres, the monthly payment for a rotting falling apart house and other none family purchases.

[@mercyfrost9869]

Thankx,,I will start now.Bless you.

[@20PinkPearls]

*Not sure how I discovered your channel, but glad I stumbled across Clever Girl Finance! Fantastic info!* 💖💖💚💚💖💖

[@PraiseOmenogor]

Thank you so much ma for these tips.

[@broadnax28]

Thank you for sharing. This info is helpful

[@uniquelyshellz]

Very insightful, thank you Bola.

[@Clevergirlfinance]

Glad it was helpful!

[@luceyluh]

Love her content..

[@Clevergirlfinance]

Thank you SO MUCH for tuning in!

[@sylviakivuva8365]

This was a very educative video

[@Clevergirlfinance]

Thanks for tuning in!

[@BlessedOne686]

Thank you for what you do.

[@jrj4911]

It's very nice video. Thank you so much. Yes I agree, the emergency fund is very important. Bec. we need a cash flow in whatever emergency situation. Because not all in the institution will accept a credit card to pay especially in paying taxes in govt. or the renewal of my driver's licence or car registration annually. Better be ready, our energency fund than nothing to save, even just 50$ every pay check. It's has a saying one million dollars can't be completed if it's missing of one dollar bill. This is how I appreciate the value of saving.

[@Clevergirlfinance]

Thanks so much for sharing🙏🏾

[@ChrisTeeO.]

Thank you.

[@starridiamond]

Thank you, everything you said was very nice, good & inspirational 🙏

[@shamimhamza1425]

Thank you so much Bola for inspiring me and open my mind up.

[@maryburton9308]

I'm glad I found vlog. You give sound advice.

[@Brembelia]

Pls create a video on selling. I've never done this and the thought of this process makes me very uncomfortable. Thank you for this presentation; I thought it was comprehensive and very well done.

[@lindass5966]

Facebook marketplace is a great place to start.

[@jillstover8782]

Great video! I also love your blouse very pretty on you! Thanks for all info

[@NanaloveTV]

Thank you so much for this Bola.

[@lindastevenson3729]

I love this .it helps me.I need to start small.

[@FolaTheMaverick]

What would u classify as Net worth? What if you own nothing? Except rudimentary items, for example laptops, clothes, shoes! I know judgement should not be made, but what if one is in that position! Your advice are succinctly put. Thank u!

[@anikahimran109]

Total assets- total liabilities

[@oluwadamilolaoriade5426]

Thank you so much I learned from your video

[@saranghamnida8170]

You did a great job! So inspiring thanks.

[@nafankem1071]

Thank you for this ,I needed this today

[@akogwujacob2124]

Thank you for sharing. Well done.

[@agbaileticia4434]

This is so educative thank you

[@anitaino]

It was your thumbnail that got me...not only are you beautiful you are smart..thanks for the info sister

[@magnificalcorecraft-macramediy]

I love your thumbnail. That's was what caught my attention to your channel when it pop up . Love it.

[@Clauds71]

Thanks Bola, I love your home 😍🔥

[@cendisjennings4008]

Thank you it always to learn how to save

[@elizabethmercurius8276]

Great advice I say my money but I need this advice for my two daughters thank u

[@paulinejackson7475]

Make alot of sense l will work with this

[@joyanderson6906]

Fabulous suggestions

[@misisbaling4590]

subscribed... really thriving... single mum with 6 kids...

[@carjam49]

this was very helpful, thank you

[@charityethan254]

Glad I have found this channel 🇰🇪👌

[@nicolawhite470]

Thank you

[@longbranch11207]

Thanks for great information. What about saving for a vacation while being in debt ? Would it be smart to go on vacation or use the savings and pay off a debt ?

[@demi5378]

Pay the debt. If not it will be waiting on you with interest when you return. Then save for a modest vacation.

[@longbranch11207]

Thank you

[@tawanadouglas8045]

This was so helpful

[@elizabethhanna9940]

You are so right.

[@TriniRoyQuiReyes]

Congratulations Bola sis I join your awesome Channel . This video is insightful thank you for saying everything as it should, this gave me h❤️pe somehow....

[@magnificalcorecraft-macramediy]

Thank you so much. Really helpful.

[@azenathmacconnel8611]

Thanks for this video.want to clear my Debts

[@Infinite2015]

Thank you the very helpful tips 😊

[@maxinesoles5800]

,Very informative n realistic actually doable

[@Undermineded-333]

I'll be fine,, regardless

[@janicehamilton8236]

Wow!! Thank you for this video🙏🙏

[@danuelliaramdeen7373]

Hi good night. I am enjoying ur videos thank you for sharing it.

[@Clevergirlfinance]

You are so welcome

[@pkkitchen3417]

@@Clevergirlfinance 0

[@ReneelovesGod]

I assessed my life style and I don’t live above my needs.I am already downsized in every area. I have no debt. I have a budget that allows me to pay all my bills with no money to save. $1000 to save seems like a joke. I don’t even go out or have a social life. I have no small amounts to save.This seems unrealistic for someone in my situation. Please help,

[@Ireach]

Sounds like you need an additional source of income, perhaps a part time job.

[@ReneelovesGod]

@@Ireach not an option.. if it were then I’d be doing it already. An easy option for some, tho🙂

[@riseupbloom9836]

Would you consider moving to another place with a lower cost of living? Rent is usually the biggest line item.

[@ReneelovesGod]

@@riseupbloom9836hello, I downsized …my rent is the lowest that it can be for the market. I also am blessed to live in a safe environment for such low rent. I just have nothing to be frugal with. All my income goes to bills, I don’t eat out, i don’t go out.. unless where I’m going is free. I don’t shop for extra items, just food, laundry and gas. I have one credit card that I barely use.

[@riseupbloom9836]

@ReneetrustsGod hello, it sounds like you’ve done everything YOU know you can do and you’ve done a good job doing that. I emphasize you because you are limited, as we all our by what I call “ The tint of our window” meaning you can’t see (options) beyond what you’ve already done, and what you think you can or cannot do. I called that being stuck or at least feeling stuck. And that doesn’t feel good. I observe two things. First, you ended your initial comment with “Please Help” which is your obvious cry for help, and second, I can’t help but notice your moniker, Renee trust God. So I’m assuming ( not good to do ,I know ) and willing to err on the side that you are a woman of faith. With that being said, it appears that your faith is what you need to call upon to get you unstuck . Faith to believe that you were not meant to live just to survive and pay your bills, faith to believe that there is an option beyond what you see or think. Faith to believe that God has a door that is just for you to open that can change your life. I share this from the “Tint of My Window” having been stuck at different times in my 64.5 years of a blessed life ( that has included struggle), and God presented options I did know or imagine that changed my life. I say all of this because I don’t know you but would want you to thrive and not just survive in your life. I believe that is what you want for yourself. ❤️

[@boldbeautiful4725]

Thanks

[@Cantetinza17]

I depleted all of my savings during COVID.

[@katsan2719]

How can I save with a monthly income and some debt. I'm building my emergency fun now..

[@karlabritfeld7104]

Get an extra side job, sell stuff you don't need.

[@yvettegandy8804]

Don't make enough to save.

[@BecTarot]

Great tips. Thank you so much :)

[@nekeatheoptimist3163]

Thank you for this video baby girl. New sub here.

[@duchess2367]

If you have money to save you're ahead of the game

[@karlabritfeld7104]

Start small.

[@nawal10]

I always save 1/2 of every check

[@Clevergirlfinance]

Love this!!

[@namatovuflavia6879]

Thanx

[@sallykabukuru1638]

Great video & tips.

[@abiolaabiose4765]

Yes it’s very scary

[@adjoa2507]

Thanks that is very clever indeed. I hope i can do this hmmmm

[@rayshay21]

Which is better; opening a savings acct w/a credit union or bank?

[@pugluvnapril79]

Credit Unions are much better than banks for general purposes but ideally, for an emergency fund, I’d recommend a high yield savings account, wherever that might be. Right now, I keep mine in an Ally high-yield saving account. If you can find a credit union that offers a high-yield account, then I’d say you are golden.

[@TheHoriginal]

Online savings accounts have highest yield

[@judithnortey1262]

@@TheHoriginal teach me please

[@barbarajohnson3876]

Exactly

[@joywambui5748]

i've just viewed your video, thanks for sharing

[@marthamakwata2072]

Very helpful to me

[@nijoraura]

I don't hv any credit 💳 card. I try to save my money for bad times. By seeing everyone having credit card , My desire to take one credit card was at high but somehow I managed to control my desire that it is not a good thing .

[@faithkawira7962]

This is meant for me worked 2 years and I don't have a single coin saved

[@dionneking8]

love it

[@AmakaN.]

Wat can I sell to adjust my lifestyle n get out of debt...? This hit home 🤍

[@Clevergirlfinance]

You could start with items you dont use like kitchen appliances or times in your closet.

[@helenayuk4778]

Great 👍

[@brightmafinga7469]

Thank you dear!

[@BerylWalubengoAnyitiNanyama]

It's just not the lifestyle we want. No savings is not where it's at.

[@naomitirop8387]

What do you do when you are so much in debt?

[@andreamaclachlan980]

Still save. Something, anything. It will change your perspective. You will feel more empowered, and in a better position to make wiser choices and plans to get debt free.

[@stellavanlieu264]

Start by paying on your smallest bill when it's paid off move on to the next smallest and add what you was paying on the bill that you paid off to the next smallest and keep doing this and you will get out of debt