Shanli Liu, CPA, CTPFreedomfolio · I help 7 to 8 figure service business owners and ecommerce sellers keep 10K to 75K of profit- without IRS headaches | CPA. Virtual CFO. Tax Resolution Pro | $5MM+client tax savings | Book a free 15 min strategy call

How To Save More And Spend Less

Name: How To Save More And Spend Less
Uploaded: 2024-10-18T14:00:47+00:00
Duration: 25 s
Channel: Shanli Liu, CPA, CTP
Description: In this brief segment of the YouTube video "How To Save More And Spend Less," speaker Shanli Liu, CPA, CTP, advises viewers on practical steps to improve…

18 Oct 2024 · 0 min

Watch on YouTube

0:25

In this brief segment of the YouTube video "How To Save More And Spend Less," speaker Shanli Liu, CPA, CTP, advises viewers on practical steps to improve their saving habits. She recommends setting up automatic transfers from paychecks into investment or savings accounts while handling withdrawals manually to increase awareness of spending. She also suggests creating digital friction—deleting spending apps and not storing credit‑card information on shopping sites—to curb impulse purchases. Finally, she emphasizes that tracking exactly where money goes provides a financial return that outweighs the modest time spent on bill‑paying, framing this insight as a promise of greater savings.

You want to automate deposits and manualize withdrawals. If your job, for example, has a way that they can automatically skim off your paycheck and put it into some sort of investment stuff, do it. That may also mean maybe you delete some of the apps on your phone. Maybe you don't save your credit cards on the sites that you tend to spend money on. The value that you get back for knowing exactly where you spend your money is going to make you more money than the 1 hour a month that you have to pay your bills. That is a promise.