change them to better habits. Habits that would improve your life or at least wouldn't

harm you. The process of developing habits takes a lot

of time, but today we are going to do something different. We are going to focus on small

habits that you can easily adapt right. They are not going to take you a lot of time, but

yet they are very effective. The moment I started implementing these habits, financially,

i started doing better, that's why i am going to share with you 12 mini money habits

that you should start doing right now. So, Let's start with the first one.


 Don't use cash

I might get criticized for saying something like this but hear me out. The greatest financial

habit you can ever develop is tracking your expenses. Because when you know how exactly

you are spending your money, it's much easier to change your behavior.

If you are spending too much on moving around, next time, you will be more careful before

taking another unnecessary ride. And the easiest way to track your expenses is to pay with

a credit or a debit card. Every transaction is recorded on your phone and you can revisit

your transactions every day to see if you are not overspending. 

Which brings me to point number 2. 


2. Spend 5-10 minutes every night to audit your spendings

An hour or two before you go to bed. Just pick your phone, open your app that tracks

your expenses and take a look at how much you have spent today. Just Audit your expenses.

You might realize that you have overspent on food today. That will push you to be more

careful next time when you are buying a meal. Or maybe you have spent too much on uber,

and you have to minimize your expenses for the next few days so that you don't get into

a credit card debt at the end of the month. People usually act when it's too late, when

they have already run out of money. So they are forced to get into debt, but then they

repeat the same mistake over and over until they find themselves buried in a lot of debt.


3. set a budget for everything

What most people do - They work hard, save money, they might even save for 6 months worth

of expenses. Fantastic!

But then they go on a vacation. And while they are on vacation, they want to enjoy.

They realize they have all that money that they don't need urgently. Why not spend some

of it? I mean you will get back to work in a week or two and fill it again, right?!

But you won't! So to avoid overspending or withdrawing from

your savings account, always set a strict budget and never leave it no matter what!

This is how much you set for a vacation. That's it! That's your budget!

This is how much you have set for outside dining. You can't spend more than that! You

will have to wait till next week! 


4. automate your investments

If you are not into investing, I mean if your job is not directly related to the stock market

or real estate. You probably don't have the time to analyze companies, look for real estate

deals, or follow up the financial news. That's why you watch people like me who try to summarise

everything in short animated videos. But here is a Lifehack! You can't always look for the

next opportunity, and you don't simply want to keep your savings in cash because you might

end up spending them so chose a few stocks or maybe one index fund and dollar cost average.

Which means every week or month, just invest in that stock without analyzing a new company

every time you invest. I get it, you don't want to be buying at the

top, but you don't know where is that top! So just invest every week, you will hit the

top and the bottom so you will dollar cost average at the end of the day. And you aren't

going to waste your time looking for opportunities which means you will finally start investing

instead of just watching how others are investing.  


5. negotiate whenever you can 

You can't negotiate when you are in Walmart, for example, since prices are fixed, and if

you don't like it, no one is pushing you to buy anything from there. However, there are

plenty of stores where there is room for negation. Whatever you are buying, if it's possible

to negotiate, always do it whether you are in a job interview trying to get a higher

salary or buying a house.  You might put yourself in an uncomfortable

position but imagine for a moment if you get a slightly better deal. If you get a 5 or

10 percent raise. That extra 5 or 10 percent means now you can save more money, and if

you count the opportunity cost, which means how much that extra 5 to 10 percent is goi

ng to worth in the long run, then you just saved yourself a fortune.

Especially if you are buying a house, whenever you buy something really expensive like a

house that costs a million dollars, for example, 20, 30, or even 50K dollars do not seem much

in comparison. But if you drive the price down by 30K, for example, that's equivalent

to someone just handing you $30K. You just saved yourself a few months of work.


 6. Always check the lower shelves


Hypermarkets or stores, in general, have long ago analyzed your height and carefully placed

the most expensive items at your eye level. So that you come across them first. If you

take a look at the lower levels, prices are a bit cheaper because that's where they place

the most affordable items since they know that most people aren't going to look at them.

But you can outsmart them by taking a Moment and checking what's down there. Usually, the

products aren't much different from the ones on the top. Eye-level shelves at stores usually

cost fortunes, and the companies who are willing to pay that much usually include that cost

in the price of that product. So you are basically paying for not looking down.

7. Don't brag about how much money you have or make


People have the tendency to expect more from people who make more money. If you get them

a little small present on their birthday, they won't like you, but if they think that

you are not a rich dude and you barely making ends meet, then they will be happy that you

even got them that little gift. I know that it sounds horrible, but that's

how humans are. You are rich. - People expect more from you. It's like when a billionaire

donates a hundred million dollars. People still criticize him saying that's peanuts

for him. He makes much more than that. Well, who cares how much he makes? He donated more

money than you will be able even if it's a tiny fraction of his wealth.

8. surround yourself with likeminded people 
 It's very difficult to live frugally, trying

to get financially free as soon as possible when your friends enjoy expensive meals, expensive

vacations, and 5 dollar coffees. Sometimes you even wonder whether it worth saving all

that money. So in order to keep yourself motivated, surround yourself with people with similar

goals. Join the FIRE movement on Reddit, join the chat rooms, share with each other different

tools and techniques you use to save money. It really helps to know that you are not alone

in this tourney, you are not the only one who is struggling now to be financially free

later. In the process, you are going to learn so much that you will cut your journey by

a milestone.

9. Avoid cheap shoes

This might sound a bit controversial because we talk about saving money and being frugal

and yet here I am telling you to never to buy another pair of cheap shoes or in fact,

clothes.  What does cheap or expensive mean? If you

buy a pair of cheap shoes that are going to last you a month or two, then I call that

expensive, that was a waste of money. But if you spend slightly more and these shoes

will last you a few years, that's what I call the ultimate way to save money.

Whenever you buy clothes or shoes, ask yourself how long will this pair of shoes or this shirt

is going to last me. I would buy sneakers that I can wear for the next five years rather

than buy a new pair every single year.

10. avoid your local grocery store

I get it, it's comfortable to get your groceries from the corner shop beside your house. You

don't have to walk anywhere far, it's convenient and you pass through the store every day.

But groceries are slightly more expensive there than in hypermarkets.

That might not seem a lot, but over time, they add up and turn into a decent amount

of money. So here is what I like to do. I buy bulk! Go to the nearest hypermarket

and buy the stuff you need for the next month at least. If you turn it into a habit, you

are going to save a fortune in the long run. 


11. cut back on sweets  


The worst habit you can ever develop is eating a lot of sweets. Don't get me wrong, I like

sweets too, but most sweets are made out of pure harmful ingratiates. They are expensive,

and they damage your health. It's ok to have some time to time but try to cut on them as

much as you can. You have no idea how much you are going to save if you cut back on sweets,

and most importantly, you are going to save a fortune on medical bills as well.


 12. And finally, think twice before paying


 This is one of the best habits I have ever

developed. I use to waste a lot of money like some of you. And then, a few minutes or hours

later, I would ask myself why on earth did I buy that. I don't need it. I just wasted

money. It happens to all of us so I have promised myself to think for a minute before paying

for something, even if its something I wanted to buy for a long time.

I ask myself, do I really need that or I just want to spend some money, and the answer is

quite often the latter. Try it, but do not be biased. Try to think about it independently. 

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Thanks for watching and until next.