Practice English Conversation (Ways to save money) English Conversation Practice

53,958 views ・ 2023-07-20

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Please double-click on the English subtitles below to play the video.

00:01
Benjamin how are you oh you  don't look good what happened
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morning Sam I'm fine but just a little  worried I am having some financial problems
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oh I'm sorry to hear that but  why is that don't tell me you  
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took half the loan and now you can't pay it back  
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no I didn't do that you know my son is about to  graduate from school this is his last school year  
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yes I know that I suppose he's going to college  right as he already chosen the right one
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that is the problem he's going to the university  next year and I don't have money for that
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01:00
oh God but I suppose you were saving  money you have been working really hard  
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I tried but I can't I'm terrible at saving  money I don't know what to do I've tried but  
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do not panic you have this year you  have like 11 months to save money
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maybe I have some time to save some money  but the problem is I don't know how to do it
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I found out I am terrible at saving money I  don't know what to do I want him to go to college
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all right you need to relax it has a solution  I will teach you how to save money okay  
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02:00
you so do you know about saving money  I didn't know that please help me  
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sure because I am the accountant for this  company I will give you some tips to save money
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oh how stupid I was of course you  know a lot about Finance I'm listening
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02:30
well I know what you're feeling no  matter how hard you try you feel  
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it's still impossible to find ways to save money  
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you mean well and try to spend less but  something always comes up life gets in the way
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the car needs new tires the teenager  needs braces the house needs a new roof
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03:00
and just like that saving money takes a back  seat I'm totally sure it sounds familiar right
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yeah that usually happens to me I always  have a new problem and I can't save money
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well the truth is you don't need everything to  line up perfectly before you start saving money
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if you wait for the right time to roll around  it's never going to show up the best time to start  
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saving is right now the first thing you have to do  in order to save money is to say goodbye to debt  
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yeah you heard well monthly debt payments are  the biggest money suck when it comes to saving  
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that robs you off your income so it's  about time you get rid of that debt  
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the fastest way to pay off debt  is with the debt snowball method  
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this is where you pay off your debt in order from  a smallest to largest sounds kind of intense right  
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don't worry it's more about Behavior change  than numbers once your income is freed up
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you can finally use it to make progress  toward your saving goals that's very important
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something that also worked for me  was to cancel automatic subscriptions
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and memberships I don't use chances are  you're paying for multiple subscriptions like
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Netflix Hulu Spotify gym memberships trendy  subscription boxes or Amazon Prime it's  
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time to cancel any subscriptions you don't use  regularly and make sure you turn off auto renew
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when you make a purchase if you cancel it and  decide you can't go without it subscribe again  
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but only if it fits into your new and  improved budget it helps a lot believe me
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another thing you can do is buy generic hands  down one of the easiest ways to save money is  
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to give brand names the boot in most cases the  only thing that's better about name brand products  
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is the marketing I mean look at that box the  logo is so fancy and that's about where it ends  
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generic brands of medicine staple food items  like rice and beans cleaning supplies and paper  
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products they cost far less than their marked up  name brand friends and they work just as well too  
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just give it a try soon you will  get used to it seriously what else
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pay yourself first I'm sure you have heard this  before but it works when you do it constantly
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set up an auto debit from your checking  account to your savings account each payday
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whether it's 50 every two weeks or 500 don't cheat  yourself out of a healthy long-term saving plan
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07:08
I know it may sound easy to say but difficult  to make but it's important to build that habit
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another thing you can do is pack your lunch or  eat at home people waste a lot of money eating out  
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buying lunch a few times a week may seem  harmless in the moment especially when
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your favorite restaurant is  walking distance from your office  
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but you can save quite a bit money just by  packing lunch not only that but a lot of times  
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you can buy a solid Wix worth of groceries  for the same price as two dinner meals out  
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instead prepare your food at home and watch  your savings pile up month after month
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08:07
use cashback apps and coupons nothing  beats a good old-fashioned 20 off coupon  
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when you're buying something but did you know  there are plenty of cashback apps out there
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you just need to search for them you can  also find them on newspapers sometimes
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sell everything that doesn't bring you Joy I did  it when I was starting saving money and it worked
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declutter the things in your home that you don't  
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need and are willing to let go off  for the sake of your financial future
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that vintage chair you're out gave you sell it  that crystal vase you found at an antique shop  
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sell it you'd be surprised at  how much clutter you have in  
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your home that you don't even use or think about
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and the cash you can make on those things can be  
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the difference between living  paycheck to paycheck or not
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these tips can help you save money that's true  but in my opinion the most important thing you  
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should do in order to save money is create new  extra income that's the best way to save money
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because sometimes we can't save money  because we just don't have it my friend
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that's why you need to generate new extra  income that's the best way to save money
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that sounds interesting how can I do  that I want to earn more money tell me
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there are many ways to do that but I  will tell you about it in another video  
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only if you like the idea
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I'm sure everyone wants to have more money they  will let us know on the comments I hope you liked  
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this conversation if you could improve your  English a little more please subscribe to the  
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channel and share this video with a friend  and if you want to support this channel you  
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can join us or click on the super thanks button  thank you very much for your support take care
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