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What to do if you have no savings at all? Money coach gives his top tips amid the financial crisis.

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‘It is really tough for a lot of people out there at the moment. The number one thing I would say is to talk more about money.’

Money coach, Adam Price, reacts to a new study showing one in six people have no savings at all.

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38 Comments

38 Comments

  1. @pinoyshortride5195

    January 19, 2024 at 6:16 am

    1. Increase your income=time lost
    2. Decrease your spending=comfort lost

  2. @delfacto121

    January 19, 2024 at 6:16 am

    What sort of expert is that? Expert in scratching his balls?? That 100 will be 5 by the time one will finally be able to actually use it.

  3. @delfacto121

    January 19, 2024 at 6:16 am

    Saving?? From what?!?

  4. @tiltgameover800

    January 19, 2024 at 6:16 am

    5 minutes and 23 second of nothing.

  5. @robertjarman4261

    January 19, 2024 at 6:16 am

    Once was a UK citizen.Passport ends June 23.Will not renew as awaiting Russian citizenship in November. 63 years old and retired. Life is good here, not perfect, but happy to think I'll die here.

  6. @topfour9160

    January 19, 2024 at 6:16 am

    Dump your satellite TVs, dump your mobile, dump TV license, stop smoking, stop drinking, stop dining, don't order take aways, get rid of pets, dump the car, home and contents insurance…… What's the point of living 🙁

  7. @debbiecooke1651

    January 19, 2024 at 6:16 am

    I don't think these people know what poverty is.
    How can you save money when you have none.

  8. @factchecklegal

    January 19, 2024 at 6:16 am

    OMG, no offence but this guy is depressing! And host lady, why are you saving at a BRICK BANK? Online banks are paying 3% or more. Employers need to do a better job helping their team members! For goodness sakes, every brilliant employer like Gabrielle Bourne Media should be giving their employees orientation on how to increase their financial quotient. OK, you haven't learned in school, so join an organisation that will teach you the fundamentals. Most of us have at least 3 years of an emergency reserve fund thanks to GB Media!

  9. @beinspired1487

    January 19, 2024 at 6:16 am

    Only use Credit Cards only in an emergency then pay them off as soon as you can, else you are just paying good money to the bank for the sake of paying money, all in the interest.

  10. @leenaronalds4155

    January 19, 2024 at 6:16 am

    Have a drink of water and wet your throat. Can't stand that sticky mouth noise you keep making.

  11. @yamyam3905

    January 19, 2024 at 6:16 am

    Live within your means , don't spend money you haven't got .

  12. @rowan7658

    January 19, 2024 at 6:16 am

    Waste of time and money… as he was obviously paid for that useless reply.

  13. @hurstmitchell6392

    January 19, 2024 at 6:16 am

    Well the problem is if you have savings in this country you are penalised. If you have nothing, get benefits, or have victim status, your future is secure.

  14. @nickbutler7935

    January 19, 2024 at 6:16 am

    How can you save when you don't have anything to save?. 6 months ago my combined Gas and Electric bill was £55. 3 months ago £85. Today it's £133.

  15. @freespiritfx3587

    January 19, 2024 at 6:16 am

    Everyone looks at saving but no one looks at investing and trying to earn more, just what the government wants us to be like, think outside the box people 🙏🙏

  16. @whatwouldpicarddomakeitso9607

    January 19, 2024 at 6:16 am

    I have found being low income that the cash stuffing low income Uk videos have helped me gain control .I highly recommend them .there’s other videos for people of various incomes also .

  17. @reeling-in

    January 19, 2024 at 6:16 am

    Don’t renew your Sky subscription! That will save you £40+ a month! Next!

  18. @shapexdd2164

    January 19, 2024 at 6:16 am

    Where's me comment gorn

  19. @jumperjunior804

    January 19, 2024 at 6:16 am

    £52 a year, are you insane? This is terrible advice… why aren’t you saying pay off debt earlier? Saving money on interest is the answer for most people

  20. @MJ-YT-USR

    January 19, 2024 at 6:16 am

    Tips:
    – Cut back on the smoking and drinking
    – Review your Direct Debits and get them all as low as possible
    – Pay particular attention to things like gym memberships, mobile phone bills and streaming subscriptions
    – Just over winter, consider reducing your pension contributions and increase them again in Spring
    – Put that money aside though, don't spend it on non essentials
    – Consider doing some or all of your grocery shopping at the likes of Lidl and Aldi
    – Reduce your energy bills as much as possible.
    – Consider things like thermal jugs to keep boiled water warm
    – Take showers instead of baths, and make them as short as possible
    – If you have a wood burner, use it to at least keep that one room warm
    – Change your car for something smaller and more fuel efficient, and walk/bike/jog as much as possible

    All easier said then done perhaps, but since when was life easy!

  21. @MJ-YT-USR

    January 19, 2024 at 6:16 am

    What most people lack is discipline and restraint when it comes to personal finance

  22. @stumac869

    January 19, 2024 at 6:16 am

    With inflation at 10% (government joke figure) and interest at 2% (short term rate) then every £1 saved will be worth 80p in a year, less whatever tax you're forced to pay. You may as well enjoy it now and let the government look after you if things go bad because you'll only be penalised for having savings.

  23. @lakedistrict9450

    January 19, 2024 at 6:16 am

    Vacuous .

  24. @bally1213

    January 19, 2024 at 6:16 am

    I’m no wiser at end than I was a the beginning. What a load of nothing

  25. @robtheplod

    January 19, 2024 at 6:16 am

    The people without savings are actually savvy in the current climate. If you save/provide for yourself then at every turn you are penalised, especially by the state. If you save money, then you have to use this up before you get any benefits, so no point, if you buy a house then this will have to be sold for care. If you save to a pension, then each Government will find a way to steal some of it….. look at who is better off – those arriving across the channel, living in 4 star hotels, or someone who has contributed, paid their way and saved?

  26. @ciaran134

    January 19, 2024 at 6:16 am

    I've stopped saving as you can't take your money to your grave your only on the planet once

  27. @tavuzzipust7887

    January 19, 2024 at 6:16 am

    Jump on a dinghy and land at Dover. Five-Star accommodation assured.

  28. @MOLYN867

    January 19, 2024 at 6:16 am

    I thought he was going to give us peasants top tips. Where are they then? How can you save when there is nothing left to save.

  29. @Treker-yv7nz

    January 19, 2024 at 6:16 am

    I’m worried about how much money people that don’t work get that allows them to go out every day spending

  30. @kth6736

    January 19, 2024 at 6:16 am

    At 52 quid a year, it will only take me 14million years to have as much money as Rishi Sunak. I am all set on the plan.

  31. @chrisspencer6502

    January 19, 2024 at 6:16 am

    What do you do if you have no savings?!
    Look back on the good times and that extra shot of tequila you had that night

  32. @whiteonggoy7009

    January 19, 2024 at 6:16 am

    No good being the richest man/women in the cemetery.

  33. @stephfoxwell4620

    January 19, 2024 at 6:16 am

    Pray.

  34. @shapexdd2164

    January 19, 2024 at 6:16 am

    Ah, great I've got just over 4 quid is that any good!too old to save cos 52quid a year ain't gonna do jack getting pains in gut and back so if I croak it I can buy a coffin handle,on second thoughts ain't having a funeral so if I live another year I can leave my kid's 23quid each wonder what they will do with that?

  35. @Jack-hy1zq

    January 19, 2024 at 6:16 am

    Terrible advice. If people have very little money, then any money the can save, will not keep up with inflation…hyper inflation!! Also, very soon, fiat currency (cash) will be replaced by government digital currency. Any cash in a savings account is going to be wiped out. He is either stupid or is deliberately misleading people

  36. @shaunmaxwell9948

    January 19, 2024 at 6:16 am

    Thank God I have got a credit union savings

  37. @dontlooknow.

    January 19, 2024 at 6:16 am

    Write begging letters to…
    Elon Musk
    Rishi Sunak
    Bill Gates
    😊

  38. @onmytravells9429

    January 19, 2024 at 6:16 am

    Thinking you are gonna get a decent return by being a "saver" is just absurd

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