The Psychology of Money: Saving and Spending Habits
1,306 views 2 years ago
Do you know how to save money? Most people don't. It might seem like a difficult question, but understanding your personal psychology around money is the key to saving successfully. In this video, we explore the psychology of money and look at why people save and spend money the way they do. We also offer some tips on how to change your saving and spending habits for the better! #RingofKnowledge #money #investing #personalfinance #financialfreedom 00:00 Intro Top 5 reasons why most people struggle to save money.: 01:25 We don't produce enough 01:36 Spending Is Compulsive 02:13 Savings Benefits Aren't They Immediate? 02:41 We only save when we believe we can. 03:18 We Save or Do Not Save As Our Parents 5 excellent steps to make your savings game better: 04:15 Automating Your Finances 05:56 Keeping Account of Your Finances 06:58 Celebrate Your Small Victories ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📺 Watch more great videos here: ▶ 10 Things School Didn't Teach You About Money - https://rb.gy/d99wo9 🔔Subscribe! 🔔 To See More Amazing Videos: https://rb.gy/jqzmp2 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📱 LET’S CONNECT! 📱 ☛ You can find our other places on the web, too: ❄ I N S T A G R A M ➜ : https://www.instagram.com/ringofknowl... ❄ T W I T T E R ➜ https://twitter.com/RoK_channel ❄ F A C E B O O K ➜ https://www.facebook.com/ringofknowle... ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ℹ️ About Us ℹ️ Ring of Knowledge aims to provide trustworthy information on personal finance, investing, financial literacy, and businesses. We want to empower you with the ability to make sound decisions for your future. Whether you're looking to get started in investing or just want to be more financially savvy, Ring of Knowledge has the resources you need. We believe that knowledge is power, and our goal is to give you the tools you need to thrive financially. We want to make sure that our videos are as engaging and interesting for you, the viewer! We're always looking for feedback and suggestions on topics you want to see covered. If there's a subject that interests you, please let us know! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬