The Cuban content creator Yanetatlanta, who resides in the United States, shared her insights on TikTok about how to create a budget to save money, emphasizing the importance of organizing both income and expenses.
"The key to saving money is having a budget, knowing what you earn and what you spend, and what money you have left," explained the TikToker @yanetatlanta in her post, which has already accumulated over 25,000 views.
In her words, which have sparked a debate online, she highlighted that the first step to saving is dividing expenses into two categories: essential, such as rent and bills, and non-essential, like impulse purchases or dining out.
She also stressed the importance of adjusting expenses to ensure there is some leftover that can be allocated to savings: "If you don't have much money left to save, review your non-essential expenses and see where you can cut back," she noted, adding that "the point of saving is not to save for the sake of saving and deprive ourselves of a coffee just to have money stashed away; the idea of saving is to invest in something, to have an emergency fund, because an emergency fund is always necessary."
In response to her perspective, user comments on the platform sparked a debate about the difficulties and strategies for saving money. Some users appreciated the advice: "Thank you Yanet, I watch your videos and your advice helps me a lot"; "I love your videos, very clear and precise," while others questioned the effectiveness of these recommendations in low-income situations: "To save, you just need to earn plenty; cutting out a coffee or a pizza only adds to the misery."
Others shared their own saving experiences: "I save first and live off the rest for the month, that's what works for me"; "Generally, you should save 10% of your salary. If it's more, even better," they added.
This video adds to similar posts that this young Cuban shares online, where she has offered financial advice, recounted her experience as an immigrant, and discussed other lifestyle topics. She has talked about the cost of owning a home in the United States, the recommended number of credit cards to have, and provided tips for newcomers to the country.
Understanding Yanetatlanta's Money-Saving Tips
Given the interest generated by Yanetatlanta's advice on budgeting and saving money, here are some frequently asked questions to help clarify her strategies and insights.
What is the first step to start saving money according to Yanetatlanta?
The first step is to create a budget by dividing expenses into essential and non-essential categories.
How does Yanetatlanta suggest handling non-essential expenses?
She recommends reviewing non-essential expenses and identifying areas where you can cut back to save more money.
What is the purpose of saving money according to Yanetatlanta?
The purpose of saving is to invest in something valuable or to have an emergency fund, rather than just saving for the sake of saving.