Money Saving Tips | How to budget on any income

In this video you'll learn how to stop spending money, how to start saving money and how to budget on any income. Here are my money saving tips, hacks for budgeting and how much of your income you should be saving. Instagram: @TheConnerAshley I’m giving you my top tips and tricks for saving money and how you can budget on any income. I’m going to share my real monthly budget to show you how I live spending below a minimum wage income. You may be living paycheck to paycheck, working a low paying job or living on minimum wage but it is possible to save money and make a budget for yourself. All of the money saving and budgeting advice you’ve been given needs to be thrown out the window because I’m going to be showing you how to actually save your money and how to live within your means on any income! If you want to stop worrying about money, stop living paycheck to paycheck and stop digging yourself into more and more debt then let’s get started. 50/30/20 Saving Rule is outdated and needs changed to achieve your money goals for 2020 50% for essentials 30% for discretionary 20% for savings Budgeting When creating a budget for yourself do not over complicate it, keep it very simple. Start by looking at your real expenses and creating a reasonable budget that will change overtime when you learn what you do and don't want to be spending your money on! Essentials What are your essentials? How essential are they? Can you cut down the cost anywhere? Discretionary Depending on your income you should have little to no discretionary income shoot for no more than 10% 2020 Money Saving Goals To start off 2020 right start with the goal of 50/10/40 that's 50% for essentials, 10% for discretionary and 40% for savings. I personally follow a 40/10/50 where I'm spending 40% for essentials and 50% for savings. Money is a long game so start now to start saving money, stop living paycheck to paycheck and taking control of your money to have total financial freedom. ------------------------ My name is Conner Ashley and I'm a financial minimalist. Subscribe to my channel for weekly videos about real estate, finance, investing and minimalism. I have spent the last five years building my real estate business, investing and embracing financial minimalism and physical minimalism. I'd love for you to join me on my journey! Follow me on Instagram: Instagram.com/TheConnerAshley ---------------------