MINIMALISM & MONEY: 10 TIPS TO SIMPLIFY YOUR FINANCES

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https://www.youtube.com/embed/XCwo1IxbHhQ Hi everyone, welcome back to my channel SugarMama TELEVISION. This video belongs to my how-to series for minimalism. Im taking minimalism and going deeper with it and offering you great deals of ideas. Lots of actions, great deals of suggestions and tricks. You can use minimalism beyond just merely decluttering your life. You can take some of these concepts or all of these ideas and ideally you will feel the advantages from this. Now this video is all about minimalism and cash. Which sounds type of counter-intuitive. Due to the fact that we constantly desire to take full advantage of cash in our lives. I want to talk about maybe making money in our life a lot more efficient.Minimizing the financial tensions in our lives. And discovering to be a lot more efficient and mentally comfy with having money in our lives. Here are 10 ideas or ideas for you to apply in your own individual finances. Where you will quickly feel the benefits and feel economically lighter. Tip primary is to have one bank. Now within that a person bank I desire you to have one everyday account with a connected ATM debit card. Then connected to that one ATM daily account. I want you to have 3 online accounts. Now the reason that I want you to just select one savings account. Is since when you go to that a person savings account. You can see your whole entire financial scenario from a capital perspective.There are no more online checking account drifting around in the online world. You visit to one location and you quickly and effectively see whatever about your cash flow right then and there. And utilize that ATM debit card to spend for whatever. The 3 remaining online web checking account. One is for your life and emergency situation account. That is where you stockpile for all those infrequent, quarterly, biannual, yearly costs. And things that simply occur in life, on top of your emergency situation money. The second online savings account is your way of life account. This is where you can put cash for your lifestyle goals. Such as conserving up for a holiday, maybe buying brand-new financial investment piece for your wardrobe or updating your laptop. Whatever your lifestyle goals may be. That is where the money opts for that specific goal. The 3rd online savings account is your monetary objective account. Now this is where you put cash in for your future financial investment whether it be to eventually conserve up money to sign a share portfolio or maybe even a deposit for your first home whatever it may be but three online checking account all connected to that daily account idea number 2 is to have one or no charge card in this day and age you do not need to have a credit card you can quickly and easily pay for things online using that ATM debit card likewise by having one or no credit card it means youre not squandering cash in fees however if you are someone who is really accountable with your credit card you pay it off in complete each month and you appreciate the advantages that come with a credit card such as complimentary travel insurance and regular leaflet points that is definitely great but simply have one this also implies that if you ever get into a bit of charge card financial obligation its contained to one charge card which means its quicker and much easier to pay it off and getting it back on track and obviously if you do have one charge card make sure it has the benefits that are best for you do not simply go for the code a car that has the optimum advantages since you might not be taking advantage of those advantages tip number 3 is to remove all those shop cards membership commitment program cards from your wallet and unsubscribe from them frequently when we have these types of memberships or memberships they just motivate to invest more cash in their shop and frequently buy things that we merely do not need it is a complete and utter financial damage eliminate them tip number 4 is really around social networks we always informed social networks can be actually poisonous to our psychological health which we can get encouraged to purchase things that we dont always want or require or have that pressure to keep up the Joneses I do agree with this however really social media can be incredibly effective why do not you detox or declutter your social media eliminate all those people or brand names that youre following that tend to encourage you to spend money and replace them replace them with people that inspire you inspire you and empower you for example I like to follow the debt free neighborhood all these people will post up their financial objectives share with everybody their challenge has a hard time and everyone helps support each other and contribute concepts to assist people get back on track its exceptionally inspiring and incredibly encouraging pointer number five is to tidy up and declutter your web banking go through your pay accounts and go through your biller codes and take a look at the accounts which those individuals do not exist in your lives or you know that those peoples accounts that were closed a very long time ago and eliminate them when you utilize your internet banking its expected to be fast and simple and efficient to utilize if youre having to scroll through long lists of individuals that you dont actually move cash to or pay money to anymore just delete them off your web banking will make it so much quicker and easier for when you do use your electronic banking suggestion number 6 is to lighten your wallet go through your wallet remove any old littles paper and receipts and junk that its just merely obstructing up your wallet will also maximize the energy of cash in your life as I stated in the other suggestion remove those old store cards and loyalty programs and membership cards you do not need them another excellent concept is to remove the circulation and heaviness of coins in your life everyday when you get back why dont you put the coins in a container that you keep next to your hall table so when you come house youre not weighed down by these anymore as the container boosts and gets complete take it to a bank deposit into one of your way of life or financial objective accounts so you can actually feel the advantages of this new habit tip number 8 is about your retirement savings account so in Australia thats called superannuation in the u.s.Its your 401k strategy or RSA account and in Europe its your pension account you only need one of these accounts you do not want several accounts all over the place youre squandering money on charges and likewise theres a great deal of additional documentation in your life that you dont require which is not fantastic for the environment now when youve combined all your retirement money into the one account make certain that money is invested for the long term which means usually having a greater property allowance to long term high-growth investments financial investments such as shares worldwide shares and property however of course make sure you comprehend your threat profile this also suggests its really simple to keep top of just how much cash you have retirement cost savings account whether it be extremely an RSA 401k or a pension account you understand how youre tracking towards your monetary goals for a healthy long and elegant retirement pointer number 9 is to remove your financial risk zones know when you get that temptation to invest cash avoid going to the shopping center make it an actually quick in-and-out their trip do not spend your extra time wandering around or looking online on your preferred stores also for things like takeaways and house shipments understand that when youre feeling tired you tend to lose cash on those things so pre-prepare have healthy food in your fridge already do your food planning do your meal prepping all those things to remove and decrease financial risk zones in your life and then the last suggestion number 10 is to decrease and eliminate those economically self-destructive mindset beliefs things like getting captured in the trap of well I can manage it just due to the fact that you can afford something does not necessarily imply you need to go ahead and buy it remember you understand anyone love value usage and value also hang around being conscious and really conscious of any self-destructive hazardous frame of minds youre having things around self-worth there are a lot of people out there who have this inaccurate poisonous unhealthy mindset or state of mind that was planted in them at a really young age that theyre not worthwhile of being economically complimentary and independent that is complete and absolute rubbish there are a lot of great blessings that come from being financially safe and secure in it and independent such as having more time more time that then you worry about individuals that you like and helping the individuals that you love so require time to really honor your monetary habits require time to explore sit with and remove those toxic financial state of minds and mindsets that you have around cash now thats it for this video around mill ism and money remember the less expenditures you have the more money you have and the more money you have the more time the more twists and the more flexibility now who doesnt desire that so thats it for this video let me understand what you consider this video and if you like it and if you have any other tips around mill ism and money please put them in the comments box below due to the fact that I enjoy speaking with you now remember this becomes part of my 10-week how-to series around middle ism so if you havent subscribed already please make sure you do and dont fit you can follow me on instagram at sugar mother TELEVISION and at can assess have a great week everyone and Ill see you next weekAs found on YouTube

Video Transcript:

Now within that one bank I want you to have one everyday account with an attached ATM debit card. One is for your life and emergency account. The 2nd online savings account is your lifestyle account. The 3rd online cost savings account is your monetary objective account. Now this is where you put money in for your future monetary investment whether it be to ultimately save up money to sign a share portfolio or possibly even a deposit for your first house whatever it might be however 3 online bank accounts all connected to that daily account idea number two is to have one or no credit cards in this day and age you do not have to have a credit card you can rapidly and easily pay for things online using that ATM debit card likewise by having one or no credit card it indicates youre not wasting money in charges however if you are someone who is extremely accountable with your credit card you pay it off in full each month and you value the advantages that come with a credit card such as totally free travel insurance coverage and frequent flyer points that is definitely great however just have one this also indicates that if you ever get into a little bit of credit card debt its included to one credit card which means its quicker and much easier to pay it off and getting it back on track and of course if you do have one credit card make sure it has the advantages that are best for you dont just go for the code a cars and truck that has the maximum benefits because you may not be making the many of those benefits tip number three is to remove all those shop cards membership commitment program cards from your wallet and unsubscribe from them frequently when we have these types of subscriptions or subscriptions they simply motivate to invest more cash in their store and often buy things that we just do not need it is a complete and utter monetary damage remove them tip number 4 is really around social media we constantly informed social media can be actually hazardous to our mental health and that we can get motivated to buy things that we do not necessarily desire or require or have that pressure to keep up the Joneses I do concur with this but actually social media can be incredibly effective why do not you detox or declutter your social media take away all those people or brands that youre following that tend to encourage you to invest cash and replace them replace them with people that inspire you encourage you and empower you for example I like to follow the financial obligation complimentary neighborhood all these people will publish up their financial goals share with everyone their challenge has a hard time and everyone assists support each other and contribute ideas to assist individuals get back on track its extremely inspiring and incredibly motivating idea number five is to clean up and declutter your internet banking go through your pay accounts and go through your biller codes and look at the accounts which those individuals dont exist in your lives or you know that those individualss accounts that were closed a long time ago and eliminate them when you utilize your internet banking its supposed to be quick and simple and effective to utilize if youre having to scroll through long lists of individuals that you dont really move money to or pay cash to any longer just delete them off your internet banking will make it so much quicker and easier for when you do use your web banking pointer number 6 is to lighten your wallet go through your wallet remove any old bits of paper and invoices and junk that its just simply clogging up your wallet will likewise free up the energy of cash in your life as I said in the other suggestion remove those old store cards and commitment programs and subscription cards you dont require them another great concept is to get rid of the flow and heaviness of coins in your life everyday when you come house why do not you put the coins in a jar that you keep next to your hall table so when you come home youre not weighed down by these any longer as the jar increases and gets complete take it to a bank deposit into one of your way of life or monetary goal accounts so you can really feel the benefits of this brand-new habit suggestion number 8 is about your retirement cost savings account so in Australia thats called superannuation in the u.s.Its your 401k plan or RSA account and in Europe its your pension account you only need one of these accounts you do not desire numerous accounts all over the location youre wasting money on charges and also theres a lot of additional documents in your life that you do not require which is not great for the environment now when youve combined all your retirement cash into the one account make sure that money is invested for the long term which suggests typically having a greater asset allotment to long term high-growth investments such as shares global shares and property but of course make sure you comprehend your risk profile this likewise means its actually simple to keep on top of how much cash you have retirement savings account whether it be extremely an RSA 401k or a pension account you understand how youre tracking towards your financial goals for a healthy long and elegant retirement pointer number nine is to remove your monetary threat zones be mindful of when you get that temptation to spend cash avoid going to the shopping mall make it a truly fast in-and-out their journey do not invest your extra time roaming around or looking online on your favorite shops likewise for things like takeaways and house shipments know that when youre feeling tired you tend to lose cash on those things so pre-prepare have healthy food in your refrigerator already do your food preparing do your meal prepping all those things to get rid of and reduce monetary threat zones in your life and then the last pointer idea number 10 is to minimize and remove those financially self-destructive frame of mind beliefs things like getting caught in the trap of well I can manage it simply since you can afford something doesnt necessarily imply you should go ahead and purchase it remember you understand anybody love worth usage and appreciate likewise invest time being conscious and actually conscious of any self-destructive toxic mindsets youre having things around self-regard there are a lot of individuals out there who have this inaccurate toxic unhealthy mindset or mindset that was planted in them at a very young age that theyre not worthy of being economically totally free and independent that is total and outright rubbish there are a lot of fantastic blessings that come from being economically safe in it and independent such as having more time more time that then you issue with the people that you love and helping the people that you love so take time to actually honor your financial routines take time to explore sit with and eliminate those poisonous monetary mindsets and attitudes that you have around money now thats it for this video around mill ism and cash remember the less costs you have the more cash you have and the more cash you have the more time the more twists and the more freedom now who doesnt want that so thats it for this video let me understand what you believe of this video and if you like it and if you have any other tips around mill ism and cash please put them in the comments box below due to the fact that I like hearing from you now remember this is part of my 10-week how-to series around middle ism so if you havent subscribed currently please make sure you do and do not fit you can follow me on instagram at sugar mother TV and at can evaluate have a great week everybody and Ill see you next weekAs found on YouTube

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