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

Benjamin how are you oh you  don't look good what happened

morning Sam I'm fine but just a little  worried I am having some financial problems

oh I'm sorry to hear that but  why is that don't tell me you  

took half the loan and now you can't pay it back  

no I didn't do that you know my son is about to  graduate from school this is his last school year  

yes I know that I suppose he's going to college  right as he already chosen the right one

that is the problem he's going to the university  next year and I don't have money for that

oh God but I suppose you were saving  money you have been working really hard  

I tried but I can't I'm terrible at saving  money I don't know what to do I've tried but  

do not panic you have this year you  have like 11 months to save money

maybe I have some time to save some money  but the problem is I don't know how to do it

I found out I am terrible at saving money I  don't know what to do I want him to go to college

all right you need to relax it has a solution  I will teach you how to save money okay  

you so do you know about saving money  I didn't know that please help me  

sure because I am the accountant for this  company I will give you some tips to save money

oh how stupid I was of course you  know a lot about Finance I'm listening

well I know what you're feeling no  matter how hard you try you feel  

it's still impossible to find ways to save money  

you mean well and try to spend less but  something always comes up life gets in the way

the car needs new tires the teenager  needs braces the house needs a new roof

and just like that saving money takes a back  seat I'm totally sure it sounds familiar right

yeah that usually happens to me I always  have a new problem and I can't save money

well the truth is you don't need everything to  line up perfectly before you start saving money

if you wait for the right time to roll around  it's never going to show up the best time to start  

saving is right now the first thing you have to do  in order to save money is to say goodbye to debt  

yeah you heard well monthly debt payments are  the biggest money suck when it comes to saving  

that robs you off your income so it's  about time you get rid of that debt  

the fastest way to pay off debt  is with the debt snowball method  

this is where you pay off your debt in order from  a smallest to largest sounds kind of intense right  

don't worry it's more about Behavior change  than numbers once your income is freed up

you can finally use it to make progress  toward your saving goals that's very important

something that also worked for me  was to cancel automatic subscriptions

and memberships I don't use chances are  you're paying for multiple subscriptions like

Netflix Hulu Spotify gym memberships trendy  subscription boxes or Amazon Prime it's  

time to cancel any subscriptions you don't use  regularly and make sure you turn off auto renew

when you make a purchase if you cancel it and  decide you can't go without it subscribe again  

but only if it fits into your new and  improved budget it helps a lot believe me

another thing you can do is buy generic hands  down one of the easiest ways to save money is  

to give brand names the boot in most cases the  only thing that's better about name brand products  

is the marketing I mean look at that box the  logo is so fancy and that's about where it ends  

generic brands of medicine staple food items  like rice and beans cleaning supplies and paper  

products they cost far less than their marked up  name brand friends and they work just as well too  

just give it a try soon you will  get used to it seriously what else

pay yourself first I'm sure you have heard this  before but it works when you do it constantly

set up an auto debit from your checking  account to your savings account each payday

whether it's 50 every two weeks or 500 don't cheat  yourself out of a healthy long-term saving plan

I know it may sound easy to say but difficult  to make but it's important to build that habit

another thing you can do is pack your lunch or  eat at home people waste a lot of money eating out  

buying lunch a few times a week may seem  harmless in the moment especially when

your favorite restaurant is  walking distance from your office  

but you can save quite a bit money just by  packing lunch not only that but a lot of times  

you can buy a solid Wix worth of groceries  for the same price as two dinner meals out  

instead prepare your food at home and watch  your savings pile up month after month

use cashback apps and coupons nothing  beats a good old-fashioned 20 off coupon  

when you're buying something but did you know  there are plenty of cashback apps out there

you just need to search for them you can  also find them on newspapers sometimes

sell everything that doesn't bring you Joy I did  it when I was starting saving money and it worked

declutter the things in your home that you don't  

need and are willing to let go off  for the sake of your financial future

that vintage chair you're out gave you sell it  that crystal vase you found at an antique shop  

sell it you'd be surprised at  how much clutter you have in  

your home that you don't even use or think about

and the cash you can make on those things can be  

the difference between living  paycheck to paycheck or not

these tips can help you save money that's true  but in my opinion the most important thing you  

should do in order to save money is create new  extra income that's the best way to save money

because sometimes we can't save money  because we just don't have it my friend

that's why you need to generate new extra  income that's the best way to save money

that sounds interesting how can I do  that I want to earn more money tell me

there are many ways to do that but I  will tell you about it in another video  

only if you like the idea

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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