Welcome back to an episode of Finance from Scratch — where we learn finance concepts, from scratch. In this video, we'll be talking all about SAVINGS.

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Saving is one of the PILLARS in personal finance. It’s a pretty basic concept that some people struggle with, but it’s important to master this skill to help you manage your money and set you up for financial success. We’ll be talking about a lot of things: First, we’ll define WHAT savings is, then we’ll talk about WHY we need to do it, then we’ll talk about HOW you can start saving, as well as some tips and systems to help you reach your savings goals!

📚 Additional Resource: The Shockingly Simple Math Behind Early Retirement https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

This is Finance from Scratch: a new series where we'll talk and learn about finance concepts from scratch! Guaranteed — Beginner bobo friendly 👌✨

We’ll cover the stuff I talked about more in-depth in future videos. Share your thoughts, comments, and feedback in the comments section!! What do you think of this new series? What other topics do you want me to cover?

💰 Previous episode https://youtu.be/QBlyBkUxOos

If you want to work with me, help me, or collaborate with me in making this series the best it can be, reach out to me through email! I'd love to explore potential ways we can work together 🍞

Email: alba.nicoleee@gmail.com

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🕰TIMESTAMPS
00:00 Introduction
00:49 Video Outline (what, why, how)
01:57 Important Disclaimers
02:21 WHAT is saving?
02:46 Important Investing Concepts: Savings vs. Investing
05:12 Important Investing Concepts: Savings Rate
07:19 Important Investing Concepts: Reduce Expenses & Increase Income
08:11 WHY do we save: Lessen financial stress & anxiety
08:46 WHY do we save: To plan for short-term & long-term goals
09:14 WHY do we save: Financial Freedom
09:34 WHY do we save: Savings are financial building blocks
09:57 HOW do we start saving: When and Where
09:57 HOW do we start saving: Regular vs. High-Interest Savings Account
09:57 WHERE do we save: GoTyme
12:19 HOW do we start saving: Actionable Steps
14:55 What do you think of this series? Comment thoughts & future topic requests!

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🤝 Where to find me
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Guide to SAVINGS for BEGINNERS (what, why, how) | Finance from Scratch 💰

Finance from Scratch / Learn Personal Finance for Beginners / Personal Finance Philippines / How to Personal Finance / Step-by-Step Personal Finance / Financial Literacy / Financial Education / Financial Education / Easy Guide to Personal Finance / How to Save Money / Savings Account Philippines / Filipino Guide to Savings 101 / Personal Finance 101

FTC: This video is sponsored by GoTyme Bank

Disclaimer: This video is NOT financial advice. Form your own opinions so that you can properly decide on what to do with the information you learn from this video.