17 Money Tips I Learned While Living in Sweden

March 5, 2020

If money makes the world go ‘round, then
it also makes my head spin. I used to be financially clueless – burning
through paychecks before the bills were even paid. But now that I’ve been living in Sweden
for a few years, here’s what I’ve learned from the locals… 1) Make finances your priority. At almost 60%, personal income taxes in Sweden
are among the highest in Europe. And about half of what’s left of your salary
goes to rent. Whether by choice or because of this circumstance,
budgeting and spending smart are a top priority here. 2) Saving is a national virtue. The Swedes feel quite ok refusing from anything
they don’t absolutely need. They even have a word for this concept called
“ ” that translates as “enough” or “just the right amount” in English. Living modestly to keep expenditures at a
minimum means they can rest assured that their bank account will only grow! 3) Plan all purchases, even the smallest. Sitting down and drawing up a detailed plan
of where your money is going is key here. Apart from major purchases like household
appliances or travel expenses, they’ll even figure out a budget when throwing a party
and visiting relatives. As for impulse purchases, forget about it! 4) Respect other people’s money. Asking somebody about their income and spending
habits is considered rude here. Finances are a personal subject that’s not
often shared, both conversationally and literally! If you’re looking to borrow a few bucks
(er, kronor) from a friend because you blew your whole paycheck on the latest smartphone… Nope, Sweden isn’t the country for you. 5) Learn about finance at an early age. Here’s something I could relate to as an
American – they have HomeEc in Swedish schools too. Only, instead of just learning how to sew
on a button and bake cookies (at least, that’s all I remember doing in that class), they
also teach kids how to make a household budget. What goes toward groceries, bills, savings,
and all the other stuff they’ll need to know as adults! 6) Find natural ways to cut spending. During the winter, the sun sets in Stockholm
at around 3pm, which means keeping your place lit up can equal a huge electric bill. That’s why in Swedish apartments, there’s
no real need for curtains or blinds. They also try not to use too many electronic
devices, and you’ll see plenty of candles and low-energy lightbulbs. 7) Exercise for free! Speaking of the short daylight hours in Scandinavia,
the biggest change in my life is that I get out more. You’ll see a lot of Swedish people hiking,
running, cycling, and doing yoga outdoors. Why pay for a gym membership when you can
get active (and get a little sunshine) for free? 8) Get rid of stuff you don’t use anymore. These things can be gifted or sold to someone
or sent to recycling. Nobody here will store useless junk on the
balcony, and they certainly won’t buy things they see no need for. This rule even applies to the older generation,
which will surprise anyone with grandparents that have a hard time parting with their “collections”! 9) Buying used is just as good! If you decide to sell your stuff, you’ll
find plenty of buyers (if it’s not useless junk, of course!). The Swedes don’t care too much about having
the latest and greatest (a.k.a. the most expensive) models of smartphones, cars, and other gadgets. Even when they already have those things,
they’ll keep using it as long as it’s working fine. 10) Don’t overspend for the holidays. That is, don’t go out and get a live tree
each year. Forget about the fake plastic ones as well! They’re too big, you have to buy all these
decorations for them, and it’s just wasteful. Trees in that classic minimalistic Swedish
style look just as cozy and beautiful! You can even DIY one for a fun project! 11) Get things on sale, even if it’s out
of season. Why pay 2 to 3 times more for something when
it’ll be cheaper in a couple months? The Swedes buy swimming suits in fall and
winter coats in spring when they get incredible mark-downs. 12) Reduce, reuse, recycle. If you buy soft drinks in a grocery store,
you’ll be charged an extra krona. If you bring back an empty bottle or tin,
you’ll get that money back. And they do bring back empty packages since
every krona counts! Even gravel they spread around the streets
in winter is gathered in spring, washed, and reused the next winter. 13) Stay far away from debt. Getting a loan isn’t easy in Sweden, but
it’s that way for a reason. Banks make it hard because they don’t want
people going into debt that they won’t be able to pay back. Makes sense! 14) Invest. Instead of borrowing money you don’t have,
the Swedish philosophy is to grow what you do have! There are special courses where they teach
people how to manage an investment portfolio. It’s also quite common in Sweden to give
stocks as a present to kids so that those investments grow over time with the child. 15) Get your own property later in life. If you’re young, you’ll have a hard time
getting financed for a car or house. Banks will trust you only if you have a stable
career and have saved enough money for the first payment. But if you do buy an apartment or a car in
Sweden, you know for sure that you’ll be able to afford it! 16) Always think ahead. The Swedes start setting aside retirement
money at a relatively young age, around 35 or so. Nobody’s waiting for their adult children
to support them during their golden years. In fact, they’re not just looking to save
enough pension money for modest lagom-style retirement, they want to… 17) Indulge…when you retire. Now that they’ve lived a long life of saving
every krona and refusing from the luxuries of life, many Swedish pensioners can afford
pretty much anything. Older folks here have no problem traveling
the world, buying themselves nice gifts, and just having the fun they’ve denied themselves
for so long! And now that I’m so interested in keeping
my finances in order (thanks, Sweden!), I’ve got a few more of my own personal tips that’ll
help you save a TON. Let me know down in the comments if you’re
already doing any of these things! – Buy in bulk. So, for example, a 12-pack of soap will be
cheaper than the same number of separate bars bought individually. Plus, you won’t have to keep going to the
store (and spending more!) because you won’t run out of stuff as often. – Save eating out for special occasions. It’s fine if you’re getting together with
friends or surprising your mom on her birthday with dinner at a nice restaurant. But avoid the temptation to grab a burger
on your way home from work. I know it’s hard because we’re all too
tired and busy to cook, but that’s why I… – Cook for the whole week. It’ll save you time and energy that you
can spend on other things (because time is money, right?). I like to make a big heaping pot of soup or
chili that’ll get me through several days. Make a bunch of pancakes and freeze them for
this week’s breakfast. Long story short, buy AND cook in bulk! – Respect your belongings. That way, you won’t have to repair or replace
it as much. I used to go through footwear so fast because
I’d just carelessly step on the heel and slip it off that way. Now that I’m more diligent about untying
them and taking them off carefully, my shoes are serving me much longer! – Turn off the heating or AC before you go
to bed. Get a warm blanket for cold nights, and open
a window when it’s a little too hot. Hey, it’s cheaper than a sky-high electric
bill. You’ll be asleep, you won’t even notice! – Wash dishes in a sink full of water. I used to be bad about doing the dishes under
a running faucet. It’s wasteful for your wallet and for the
environment! – Don’t buy bottled water. You have an endless supply of H2O right in
your faucet. Get a reusable water bottle and fill it before
you head out. If the tap isn’t exactly safe to drink where
you live, then boil it or get a good-quality filter. Even if it’s pricey, it’d be a smart investment! – Book tickets online in advance. Whenever I visit my family in the States,
it’s always months after I bought the ticket. Don’t wait till the last minute – prices
go up the closer that date comes. – Stop buying foods that you constantly throw
away. I can’t tell you how many times I’ve tossed
spoiled bell peppers. I don’t know why I kept buying them – I
guess I’m just not a pepper person! Hey, he’s a pepper, she’s a pepper, they’re
a pepper, it’s a pepper, wouldn’t you like to be a pepper too? …oh never mind. Hey, if you learned something new today, then
give the video a like and share it with a friend! And here are some other cool videos I think
you’ll enjoy. Just click to the left or right, and stay
on the Bright Side of life!

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  • Reply James S February 27, 2020 at 10:50 pm

    Sweden must not have amazon prime….

  • Reply Kajal Kishore February 27, 2020 at 10:50 pm

    So cool you live in Sweden. I live in Stockholm. You should have a Meetup for people following your work here 🙂

  • Reply Ramika Azhar February 27, 2020 at 10:55 pm

    I go to school all true

  • Reply arezoo rahnavard February 27, 2020 at 11:02 pm

    good=bra in Swedish am I rigth

  • Reply ChikBeats February 27, 2020 at 11:02 pm

    I have been to new york metro and i swear the announcer is bright side

  • Reply HyperClaw875513 February 27, 2020 at 11:05 pm

    I replayed so many times

  • Reply spy Night February 27, 2020 at 11:21 pm

    wait when did you come to my land?

  • Reply ANAS STYLE February 27, 2020 at 11:25 pm


  • Reply Gugge Gamer February 27, 2020 at 11:44 pm

    I used to live in Sweden until Stefan Luven or whatever his name is came into power…

  • Reply Dragon Gamer February 27, 2020 at 11:49 pm

    im doing all this im Swedish. btw hej

  • Reply A Green February 27, 2020 at 11:51 pm

    Can you do a face reveal PLZZZZZZZZZZZZZZZZ?????????

  • Reply Ida Pettersson February 27, 2020 at 11:56 pm

    Vänta du bor här hos oss!
    Lagom är alltid bäst ^^

  • Reply Kenichi Rountree February 28, 2020 at 12:28 am

    In America you can't buy clothes out of season at stores because of the low demand, but I guess you can buy it on Amazon.
    If you live in California the taxes are high, the colleges are expensive, cost of living is expensive(there's even a gas tax!).
    Conclusion: It's impossible to save a lot of money in California

  • Reply charles davis February 28, 2020 at 12:35 am

    But what is the tax used for? I think that it's not much different in taxes in the US would add up also.

  • Reply Caleb the Gamer2011 February 28, 2020 at 12:46 am

    Wait so you lived with Pewdiepie?

  • Reply Stormforge February 28, 2020 at 1:17 am

    What made you want to live in Sweden? Is it for work?

  • Reply Rodrigo Lizama February 28, 2020 at 1:21 am

    I'm legom even if I am in the USA

  • Reply Peter Peter February 28, 2020 at 1:33 am

    I only came for the thumbnail!

  • Reply MoodLyrics February 28, 2020 at 2:07 am

    Lets Grow Together💕
    Im Fast❤

  • Reply Ace Hardy February 28, 2020 at 2:32 am


  • Reply Ishna Rosal February 28, 2020 at 3:07 am

    There Is A YouTuber. The YouTuber Username: Iskall85

  • Reply Maria Vadas February 28, 2020 at 3:08 am

    Good try at trying to glamorize the ABJECT POVERTY of Sweden because they are forced to live on 20 percent of their income. All you BERNIE LOVERS, this is poverty on steroids called HIPSTER MINIMALISM. I admire living in moderation, but I will be living in the USA capitalist economy that allowed me to purchase my fourth home. Wow its almost CUBA IN SWEDEN!!!

  • Reply nelsonfoxy6 February 28, 2020 at 3:10 am

    I watched this right now

  • Reply Watch The Bros VLOGS February 28, 2020 at 3:11 am

    60% income tax o.O

  • Reply SWEwhale February 28, 2020 at 3:23 am

    Am from sweden

  • Reply SWEwhale February 28, 2020 at 3:25 am

    I never seen so body do yoga

  • Reply SWEwhale February 28, 2020 at 3:26 am

    We by real trees for Christmas

  • Reply TealCircle February 28, 2020 at 3:46 am

    60% income taxes? Is this a socialist or communist country? It means if you earn $100,000 a year, you're left with basically $40,000. Who is voting Bernie or Butt's edge now?

  • Reply TealCircle February 28, 2020 at 3:54 am

    Yeah good luck with the "bringing back a bottle to get a coin back" in USA! This should be ILLEGAL: If they charged you 40 cents (or whatever, sometimes it's over a dollar with raw milk glass bottles!) then THEY SHOULD TAKE IT BACK AND PAY YOU! NO store I found in USA, even if they advertise it. One time learned my lesson: I went back to the store with my empty plastic and had to go back home with them! They pointed me to the "recycling center" which , of course, does NOT pay you back!

  • Reply TealCircle February 28, 2020 at 3:57 am

    What if Swedes die before the reach old age where they can afford anything? I mean look at your "guests", they're terminating your underage BLONDE daughters right and left!

  • Reply TealCircle February 28, 2020 at 4:03 am

    You CANNOT rinse dishes in a sink FULL OF SOAPY WATER!! WThe F??? My mother made me wash my face as a kid in a sink full of water. Guess what? After 1 rinse, it's DIRTY soapy water! One time I ate at a woman whose food tasted SOAPY! I gagged it out. Later I saw her do the dishes: she did NOT even bother rinsing more than 1 stream: she put the plates on the dry rack FULL OF SOAP! Some yanks are totally nuts!

  • Reply David Hughes February 28, 2020 at 4:04 am

    Wait… you say you live in Sweden and you pronounce it "LaNgom"? I don't think you live in Sweden. (But if you actually do, get yourself in an SFI class. Tack snälla)

  • Reply Melody Vergara February 28, 2020 at 5:05 am

    I love to be a swedish, too!

  • Reply Rylen Cason February 28, 2020 at 5:36 am

    Americans, we need more of this!

  • Reply Cillian Ryan February 28, 2020 at 6:21 am

    0:52 in Sweden we usually joke about the fact that in other countries don’t say Lagom and we could laugh for hours about that topic

  • Reply Cillian Ryan February 28, 2020 at 6:23 am

    2:28 that’s true

  • Reply Bake Cake February 28, 2020 at 6:43 am

    I live in Sweden

  • Reply smitajky February 28, 2020 at 6:55 am

    I am sorry but when the temperature is 35C outside late at night opening a window doesn't work. I don't mind working outside during the day even at 45 C But a nights sleep is important. So I built a small bedroom with the best insulation I could get. That is the only thing that I cool.

  • Reply Lina L February 28, 2020 at 7:07 am

    Evrything is not true (Im FrOm SwEdEeEeEeEeN

  • Reply Faisal A. February 28, 2020 at 7:33 am

    I live in Sweden.

  • Reply DJ Popcorn February 28, 2020 at 7:39 am

    Im in Sweden too🇸🇪😃

  • Reply DJ Popcorn February 28, 2020 at 7:43 am

    Do you live in Stockholm?
    I do

  • Reply SAGAR KUMBALKAR February 28, 2020 at 8:44 am

    I learned very much about finance in this video

  • Reply Julie Tremble February 28, 2020 at 8:55 am

    Ummm…that's not a veggie pepper reference that's an OLD
    DR.. PEPPER SODA OR POP Commercial! I can't drink it anymore but u can't take away my good memories Mr. Brite Side! LOL!
    ANYONE know of a program where the US has return soda or water bottles to the store and get a credit back? I know I would do it! We can learn a lot from other countries! We just need to be open to change…

  • Reply malevie malevie February 28, 2020 at 9:25 am

    I live in stockholm

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    I got paid from 321 837-9372
    He was recommended to me too
    Risked it and it worked out 🤷‍♀️

  • Reply Dellie Get Right February 28, 2020 at 9:27 am

    I got paid from 321 837-9372 $10,000 Australian dollars

  • Reply Dellie Get Right February 28, 2020 at 9:27 am

    I got paid from 321 837-9372 $10,000 Australian dollars but it works worldwide

  • Reply Killian Reid February 28, 2020 at 9:29 am

    A February to remember 😊 Got 6000 from Debtsoff on instagram

  • Reply Killian Reid February 28, 2020 at 9:30 am

    Debtsoff on Instagram 🙏🙏🙏🙏😢😢
    He’s a life saver
    No doubt my rent is due and he was the angel God sent to me

  • Reply Awesome Stephano Card Games February 28, 2020 at 9:34 am

    easy loaded 9,000USD into my account, I texted him on 6 1 2 3 61 4523, he asked for few details and after it all I got the money

  • Reply NUSU WORLD February 28, 2020 at 9:50 am

    In case you would like to have guaranteed monnies at home then this system is for you E a s y L a p t o p L i f e .c o m

  • Reply Chiri Star February 28, 2020 at 9:54 am

    so blessed I am now able live my dream life thanks to, just Google with no gaps E a s y L a p t o p L i f e .c o m

  • Reply Antara Chowdhury February 28, 2020 at 10:06 am

    Having a problem with money.
    iTS noT a PrObLEm AnYmORe.

  • Reply Max Spy February 28, 2020 at 10:56 am

    When did bright side became an employee of infographic show

  • Reply Sanad Shalash February 28, 2020 at 11:15 am

    I am your number 1# fan🤩🤩🤩

  • Reply Sanad Shalash February 28, 2020 at 11:17 am

    I was the first one to like your video it is a dream come true Sorry that I did watch your video directly sorry😘😘😘

  • Reply Hanoj official February 28, 2020 at 11:23 am

    I am from Sweden

  • Reply Hanoj official February 28, 2020 at 11:32 am

    We have just like two espresso house in Sweden

  • Reply Jillian Li February 28, 2020 at 12:19 pm

    *gasp it's exactly 10:00

  • Reply may's stuff February 28, 2020 at 1:30 pm

    •Organize your money
    •less out door food
    •less sweets
    •less wasting water

  • Reply Flotery Extadives February 28, 2020 at 2:13 pm

    These are litterally common things to do if you want to save money regardless of where you live

  • Reply Muhammad Anargya February 28, 2020 at 2:20 pm

    Ikea, PewDiePie,

  • Reply Klas Almqvist February 28, 2020 at 2:39 pm


  • Reply Ludvig Bergqvist February 28, 2020 at 2:39 pm

    I am from Sweden.

  • Reply Klas Almqvist February 28, 2020 at 2:50 pm

    Im living in sweden

  • Reply Julia Salonpää February 28, 2020 at 3:01 pm

    Omg, I just Love how you pronounced "Lagom"

  • Reply Mathias Cetti February 28, 2020 at 3:04 pm

    Live in denmark instead of sweden

  • Reply Julia Salonpää February 28, 2020 at 3:06 pm

    2.39 is not really true, it's from person to person i guess. But yea you're right about the candels

  • Reply Chef Randhir Tiwari February 28, 2020 at 3:07 pm

    Please make a video of Finland 🇫🇮

  • Reply Rhode Skyso February 28, 2020 at 4:06 pm

    Ahh i wish i lived in sweden because everything saving and finances is my thing 😕

  • Reply Gazmax February 28, 2020 at 4:09 pm


  • Reply Lioness Pride February 28, 2020 at 4:39 pm

    👋 love this channel

  • Reply Jared Trout February 28, 2020 at 4:39 pm

    35 is way too late to start setting aside money for retirement!!!

  • Reply Alex _gacha February 28, 2020 at 5:16 pm

    Wait you live in sweden oooooooooo Hi friend

  • Reply 242 Gaming February 28, 2020 at 5:23 pm

    Already doing the first couple steps from last year and it works

  • Reply Carina R February 28, 2020 at 5:44 pm

    Det märks att du har bott här💕☀️🙏

  • Reply Sangita Gupta February 28, 2020 at 5:46 pm

    Who else clicked the video seeing the thumbnail ??

  • Reply Emma OMG February 28, 2020 at 7:00 pm

    Me: if u say a lie im going to say the truth in the comments right away but he had right in everything in winter it is dark at 3pm that true. Anyone else from sweden?

  • Reply Sofia Parviainen February 28, 2020 at 9:14 pm

    #5 Wouldn't everyone do that?

  • Reply Sofia Parviainen February 28, 2020 at 9:19 pm

    #10 that is right but sometime can do that.

  • Reply Johan Uppfinnare February 28, 2020 at 9:26 pm

    Gilla om du är i från Sverige 👍🏼

  • Reply Sofia Parviainen February 28, 2020 at 9:26 pm

    You know that another neiborhood countrys do that same thing(Finland, Estonia and Norway){I'm not sure about Estonia and Norway but I'm sure that everything is almost same at Finland because I'm finish)

  • Reply Neo does stuff February 28, 2020 at 9:47 pm

    I live in sweden 🙂

  • Reply NZG February 28, 2020 at 10:43 pm

    I don't know what to say about this video…

  • Reply Jakob Lindberg February 28, 2020 at 10:50 pm

    So much wrong in this video. I've Seen a couple of videos from this channel, and they are not that BRIGHT

  • Reply Mick Manson February 29, 2020 at 9:51 am

    Ha Ha they will give it all to the Muslims

  • Reply Kingen FFS February 29, 2020 at 11:45 am

    This is so true and I live in Sweden

  • Reply Wayne Sligar February 29, 2020 at 2:34 pm

    I just recently got put on disability because i hurt my lower back pretty bad so we have had to modify our living drastically so i know what it's like to watch our money very closely

  • Reply Anita Giza February 29, 2020 at 6:12 pm

    I live in sweden!!!

  • Reply Molle February 29, 2020 at 7:10 pm


  • Reply Aircraft SFO February 29, 2020 at 8:19 pm

    Have you ever been to the jumbo hostel Bright side?

  • Reply Joel Olofsson February 29, 2020 at 8:25 pm

    Jag bor i Sverige

  • Reply Epic Royalty Free Music March 1, 2020 at 3:31 am

    Born to be soupar
    I am graut

  • Reply Mr. GeniusFACTS March 1, 2020 at 1:13 pm

    The "bright side person" lives in Sweden !!!😐 I thought he was in USA !!!!

  • Reply Mr. GeniusFACTS March 1, 2020 at 1:18 pm

    I take care of my shoes and polish them everyday and keep them safe in a box, also, I use the same shoe pair for a year or two.

  • Reply Zune March 1, 2020 at 5:42 pm

    He make it sound like Sweden is a third world country 😄

  • Reply Emcee Brown March 2, 2020 at 2:31 am

    So basically if you live in Sweden, your civic duty is to live in poverty.

  • Reply Andrea Salinas March 3, 2020 at 12:33 pm

    I am from Sweden 🇸🇪 my mom is Swedish and my grandpa made a bank account for me

  • Reply sinister blade March 4, 2020 at 9:36 am

    What kind of bank does not want people to have debt????

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