3 Habits That Will Instantly Make You Better With Money

2024/11/15

George Kamel

AI Deep Dive AI Insights AI Chapters Transcript

People

George

广播和播客主持，专注于财务教育和咨询。

Topics

George: 本视频介绍三个简单的理财习惯，帮助观众改善财务状况，积累财富。首先，追踪支出，了解资金流向，避免超支。作者推荐使用EveryDollar等理财App，并建议每天或每两天追踪一次，及时调整预算。其次，使用自己的钱进行每一笔消费，避免使用信用卡或先买后付，因为这些方式会让人更容易超支，而且利息高。作者建议提前攒钱用现金支付，并建议移除保存的支付信息或卸载购物App，以增加购买摩擦。最后，设定财务目标，并制定计划坚持执行，例如自动化投资和储蓄，养成持续的理财习惯。作者建议尝试30天，看看这些习惯是否有效。 George: 作者在视频中分享了五个在购物前需要自问的问题：购买物品是否会提升生活品质？购买动机是否正当？该物品是否在预算内？购买地点和价格是否最优？现在是否是购买的最佳时机？通过这五个问题，可以帮助人们避免冲动消费。作者还强调了延迟满足的重要性，建议人们在进行大额消费前等待48小时，甚至更长时间。

Deep Dive

Key Insights

Why is tracking expenses important for better money management?

Tracking expenses helps you see where your money is going, identify overspending, and maintain accountability. It prevents financial disasters by ensuring your spending doesn't exceed your income.

What are the five questions to ask before making a purchase?

1. Will this add value to my life? 2. Am I buying this for the right reason? 3. Is this in my budget? 4. Is this the best place and price to buy? 5. Is now the right time to buy it?

Why should you avoid using credit cards for purchases?

Credit cards make spending feel less painful psychologically, leading to overspending. They also come with high interest rates, averaging around 23.37%, which can accumulate debt quickly.

How can you create friction to curb impulse spending?

Remove saved card info from your phone or browser, or uninstall shopping apps like Amazon or Timu. This makes it harder to make purchases impulsively.

What is the benefit of automating investing and saving?

Automating investing and saving turns these activities into consistent habits, making them a natural part of your financial routine. It helps you save and invest regularly without needing to think about it.

Chapters

This chapter discusses the importance of tracking expenses to avoid overspending and manage finances effectively.

One in five U.S. households spend more than their income.
Tracking expenses helps in identifying overspending areas.
Using apps like EveryDollar can simplify the tracking process.
Five questions to ask before making a purchase to ensure value and budget compliance.

Shownotes Transcript

**💵 **Start your free budget today. Download the EveryDollar app!)

You don’t become Tony Hawk without consistently showing up to the skate park—and you don’t build wealth without consistently having good money habits. Watch to learn three simple habits that will help you take your money game to the next level.

**Next Steps: **