Millionaire Reacts To: Money Saving TikToks

I love a good money-saving challenge, but is a binder full of cash really the secret to stashing dough? In this episode, find out practical ways you can pump the brakes on spending and start making money today.

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[stardust]

My husband and I are doing a NO RESTAURANT challenge for 3 months! We are 1.5 months in and it’s been easier than we thought. We are saving for a house. Such a great way to put more money in our pocket and make better habits!

[ProductBasement]

The only saving life hack you need is to schedule money transfers from checking to savings every payday

[Anaturalpharmacist]

I’ve almost saved the $5k with the second challenge. We have a side hustle that gives us cash and it’s been a fun challenge for me. Understood it’s not for everyone!

[meleenabradley]

Im doing the 100 envelopes. Actually, 2nd time around, as a spender, it works for me to have emergency cash at home. I didn't buy all that fancy stuff. I just bought the envelopes at the dollar store.

[dannyh]

At 2:45, when you were trying to find an example of the place where you best fit, I was actually thinking Barnes & Noble. 🤣

[danieljohnson]

I saved nearly $3, 000.00 this month alone by not making my mortgage payment. 😎

[chelseygable]

Ok, George. Normally, I’m with you 100% but the cash saving binder is what helped me reach Baby Step 1. It was very motivating.

[janecalby]

I love the used car/no payment attached option...let's not forget the attached outrageous comprehensive insurance payment too

[kseniafedosova]

As a professional teacher: the binder is a great idea. You should never underestimate the power of stickers.

[Cpt.Croissant]

That second video, our church did a similar thing where you could contribute $1-$100, but once someone contributed that amount, no one else can.

[SteveYoung]

Saving money also requires the right psychology. Honestly, whatever gets you into the mindset...saving is a good thing no matter how you want to do it.

[EtherBunny-zk]

Theres something oddly satisfying about watching those cash stuffing videos… though the movement has kind of shifted into overconsumption territory. Lots of ladies showing off/selling binders, envelopes, dividers, and other desk accessories that nobody really needs -especially people that are trying to save money.

[Spookyseason]

The 100 envelope challenge is meant to be done over 100 days. It’s a fun way to challenge yourself to save. A lot of people run concurrent savings challenges .

[SarahtheDietitian]

It kills me that they are hanging onto cash and not putting money into HYSA

[DuttonKayce-]

*Thank you😊 for this video, do you offer account management or have any recommendations?*

[monstermash]

I have this old pickle jar for about 6 years add what ever change and dollars I have. I think it has about $400 in.

[coachkelsey]

If I could put $10k into envelopes over 100 days I wouldn’t need a savings plan.

[victoriadoingthings]

1st Video: great for servers or people who get tips.
2nd Video: Great for kids or teens to learn savings, but not adults.
3rd Video: Good if you work with cash on hand or a teen learning to save.

[k-macky]

For the binder thing, you have to consider how many young kids are on TikTok…it could be a fun way for them to start saving. Adults, prob not but kids, definitely.

[Nitrousbird]

How in the hell does the "Average Person" have "12 subscriptions and pays $219 a month"? I added up all of mine. Added monthly and things that are charged yearly (like Costco, Sam's Club, my VPN service, my tax software, etc.) and only had 9 at what averages out to $84/month. I have Netflix w/ 4K service. I have Amazon Prime. I have Spotify. People are living life wrong.