ilmscore | ACCOUNTANT EXPLAINS: 10 ways you should be saving in 2023

ACCOUNTANT EXPLAINS: 10 ways you should be saving in 2023

Published: 2023-03-19
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Reducing thermostat by 1 degree Celsius can result in a 10-15% saving on heating bills.
"By turning your thermostat down by 1°ree, you can save between 10 to 15% of your heating bill."
Energy Bills
Pending
Paying for services on a per-use basis may be cheaper than recurring subscriptions for non-essential items.
"you will find that you're probably spending more money on them than if you instead paid for that service every time you used it."
Subscriptions
Pending
A $1,000 debt at 22% interest costs $220 annually, while saving the same amount at 3% yields $30, resulting in a net loss of $190 compared to paying off the debt.
"For example, if you have $1,000 of credit card debt at 22% interest, that is costing you $220 in interest over a year. Now, say instead of paying that off, you decide to save. You save that $1,000 in a high interest account, paying 3%. Then you're earning $30 in interest over the year. So, you're essentially $190 worse off."
Debt vs. Savings
Pending
The speaker would pay a premium for a MacBook due to its ease of use, editing software, and performance, while opting for a less expensive but equally functional jumper.
"For example, I'd rather spend $50 on a good quality jumper than $500 on the same quality jumper just because it has a specific brand on it because it still does what it's meant to do. But I would still splurge out on a MacBook because for me, I'm paying for the ease in the use, the editing software, the performance."
iPhone
Pending