These money saving hacks can help you achieve your financial goals

These money saving hacks can help you achieve your financial goals

Assessment

Interactive Video

Life Skills, Business, Information Technology (IT), Architecture

University

Hard

Created by

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The video discusses the rising costs of living and offers practical tips to manage spending. It highlights the impact of modern conveniences on budgeting and suggests strategies like removing stored credit card information, setting designated spend days, and conducting regular budget reviews. The concept of a no spend year is introduced, encouraging viewers to focus on long-term financial goals. The importance of tracking progress and celebrating savings is emphasized to maintain motivation.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some ways to add friction back into your purchases?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How can having designated spend days help in managing expenses?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of a weekly or monthly budget review?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the concept of a 'no spend year' and its potential benefits.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies can be employed to track spending progress effectively?

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