This is how to save $5,000 fast. Learn these money saving tips to do the $13.70 rule to save $5k fast in 2025.
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TIMESTAMPS:
00:00 intro
00:05 Savings rate of Americans
00:25 Save $13.70 per day
01:12 Do a written budget
02:10 Cook at home more
03:07 Cut back big expenses
04:16 Avoid new debt payments
05:21 Spend less on self-care
06:52 Increase your income
08:01 Frugal living
08:27 High yield savings account
09:32 Automate savings
10:05 Why $13.70 rule works
#moneytips #savings #savemoney
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🚨This content is for educational and entertainment purposes only. Smart Money Bro does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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0:38 great idea, if i want to save 100.000 i only need to save 274 a day. But seriously, if someone want to actually save a money – i highly recommend after every paycheck send part of the money to other account. Preferably saving account, with some interests, but it dont really matter. For example, 100 or 200 every month. And spend the rest in whatever way you want. 200 is too much? Start with 100, or 50. It dont really matter. Because this way money accumulate Extremely fast. If you want faster – you can make entire money audit. How much you earn, how much you spend. People usually have no idea what they do with money. Including me. I used to think i’m frugal. But i spend money on anything like everyone else. Unnecesary thing. It is always possible to cut one thing or two. Especially addition – you will be healthier and with heavier wallet.
So glad I watched this.
Listen to this dude This is real
Best on the net, automatically upped my savings a little bit, reduced my Credit Card debt and plan on NOT using it in 2026, automated this, and bought his book which is really good so far and I’m super critical.
The book just seems to be information for the ‘rest of us’ those that really don’t understand money. I liked his “money as an employee” idea, this $13.70 idea, and the budget idea (especially the one that says to build your own, to create). Also, The ideas in the book are fresh to me and it’s basically all the information I should have gotten or just plain forgot along the way. I recommend it.