How To Save £10,000 FAST - My #1 Money Saving Tip

Saving money is hard when the cost of living is so high, in this video we explore lifestyle creep, paying yourself first, tracking your expenses and rounding up money using features with banks like Lloyds, Monzo or fintech apps like Moneybox and others where you can round up money and save as you spend.

Rethink and frame your spending and savings habits to save more money and set yourself a goal this year to save the most you ever have.

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WHO AM I:
I'm Matt, a product owner and property investor working in London, UK. I make videos about money, finance and property investing to help people lead a more financially savvy life. In my spare time, I’m documenting what it takes to diversify my income and build a business.

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[nickfenn]

Super helpful. Honestly think this should be taught in schools one day a year. Same with tax. We have to rely on our parents to teach us and not everyone’s parents know how to manage their money. Great content!

[mrxsatyr]

A personal tip to help save costs, regarding the eating out for lunches (maybe on work breaks etc) is batch cooking. I have a nasty habit of buying a sandwich on shift (work in retail) for my break, its about £2-£2.50 every shift im spending on that sandwich. When i do batch cook i can get 4-5 meals for less than a £1 each. Not only is it cheaper its healthier and gives me more enegery to finish the shift than a sandwich. Would highly recommend for people who do shift work!

[Pinkyandthebrain]

How to save is really by absolutely cold turkey with your money. Stop any distraction or boredom spending. Take cash out for food and give yourself an allowance. Only keep in your current account the money for direct debits and open a no access savings account if you have problems with dipping in to your money. Don’t give yourself access to your money unless you’ve thought about and planned for your life or month etc. it will work. Good luck. Don’t give into temptation. Don’t use credit cards.

[aykut]

My income is like £400 a month. How am I supposed to save and survive?

[porschecarrerascabriole]

I always had coffee at work so didn’t have to buy. Also I used to take lunch from home and only occasionally buy at work. In addition I have always been saving to my workplace pensions and have been doing so for 30 years now since my first job. It is not hard to do these simple steps that’s why I plan to retire 10 years before state pension comes in.

[onlyagreeingsometimes]

Which big banks have this save as you spend feature 🤔

[paigehuston]

For years I struggled with outstanding debts, bills and my children's school fees. I am a banker earning $2, 500. However I spend almost $800 taking care of the family's needs and the kids. however I am starting to travel towards the end of summer. I was at a point where I wanted to give up. I came across every YouTube channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..

[firojakasam]

Hi my name is fudge I started doing all this years ago but it nice to know that I’m not the only one that does this I think every one should do this so they can have more money for them selfs and not steal or scrage of others I spend my savings on my self every day and I love it o and my bungalow

[EXPERIENCEDSHADOW]

Top tip don't take out multiple loans and gamble i learnt the hard way!!!!

[Itsmeandmyadhd]

I now need to get my money work for me I feel like my money doesn't work for me it's crazy

[PRINCESSGEMINI]

Yet your sharing an American source/article for your “paycheck to paycheck”.

[rayray]

You must spend like 20k to have 5 grand savings from a roundup lol

[manymoms]

That £5k is an average as you say, I hate average figures when dealing with money analysis. The mean would give you a very different annual savings figure

[elizner]

Says bread and milk is expensive. Turns off video

[mikeyalive]

if average 'change' is 1p because most items are 99p it would mean you would have to buy 1million items of just 99p to save £10k in a year
good luck with that
cheapest item is a 19p spaghetti hoops
id need to buy 8100 tins of spaghetti hoops individually to save £10k
that means each day going upto the cashier desk with one tin of hoops. 22 times a day

sorry but that 'change' tip wont get you £10k

[moneyAndSavings]

Great video, Matt Brighton! Thank you for sharing this informative content with us❗💲💰💲

[el]

Amazing tips will be using these in the future for sure.

[NinaBoBob]

Great video Matt! Really helpful tips for saving with the salary you already have 👌

[JamesSmith-ssob]

Interesting tips! Rounding up & lifestyle creep are ones that I really need to pay attention to 😬

[celticdruid]

Hey Matt, you're good at explaining the basics but you should warn people for the changing times. These basics can change soon. There's a high chance of a lost decade(s) with very low returns if any. Also the very likely stockmarket crash in the near future.