The 25-year-old Korean woman is attracting plenty of attention for her commitment to saving money on her regular salary by spending as little as possible.
We first introduced Ji-Hyeon Kwak a number of years ago when she first made headlines in her home country, South Korea, after appearing on the favored SBS show Master of Life TV program. She then became the youngest person in South Korea to win an apartment subscription, which was quite a feat considering young individuals are often less prone to win on account of the best way the system works. To improve their possibilities, individuals are encouraged to lower your expenses in a subscription savings account, and most 24-year-olds haven’t got significant savings. But Ji-Hyeon Kwak shouldn’t be your typical teenager. She managed to save lots of a whopping 100 million won ($75,000) in 4 years on a mean salary of two.2 million won per 30 days, but she was just starting out.
Just a few weeks ago, Ji-Hyeon Kwak went viral once more after announcing that she had saved one other 100 million won over the past two years and posting a screenshot of her savings account showing over 200 million won. After using extreme money-saving techniques, she managed to save lots of the identical amount she had in 4 years in just half the time.
The young Korean woman told her social media followers that knowing how hard she needed to work to save lots of her first 100 million won in 4 years, she was anxious about how much effort it might take to double her savings, but revealed that it was surprisingly easier than she thought.
“After reaching 100 million won, I felt that the pace of collecting money was increasing.” Ji-Hyeon Kwak saidadding that he desires to “earn more and spend less and quickly spread the message of reaching 300 million won.”
Ji-Hyeon Kwak now has a rapidly growing online community that follows her money-saving journey and uses her techniques. She has 20,000 fans on YouTube alone, but the cash she earns from social media doesn’t go towards her savings. He only counts what he saves from his salary.
While her savings may not seem very impressive to someone who has a high-paying job or additional sources of income, for the common person earning a low salary, it’s life-changing money. As for a way she manages to save lots of as much as 90% of her monthly salary, Kwak says she often spends as little as 8,400 won ($6.7) a month on food, counting on discount coupons and killer deals by boiling tap water as an alternative of shopping for drinks to drink. water and cut her hair.
The 25-year-old savings queen runs the Naver blog, where she shares saving suggestions and techniques with like-minded people. To prove that he practices what he preaches, he shares his monthly expenses. In January, for instance, she spent just 500,000 won ($375), which included food and transportation costs in addition to insurance.
