I'm sooo glad you are looking up these resources, even if it's under crappy circumstances. You are going to absolutely crush it with budgeting. You are setting yourself up for a lot of financial success later in life by learning this skill now. :)
I admire those who learn these life lessons early on in life. I am 45 years old, I am still in debt, but with this type of advice, I feel confident that I will be able to change things around. I now see that something as simple as organizing and prioritizing can have a major impact on financial growth.
Don't feel too bad, I'm 44 and have literally never done a budget like this. I'm trying to better myself as well! Also I want to be able to pass on good financial habits to my kids. I've lived on my own since 16 and I feel like I've never really learned what I should have about finances.
One thing to warn people about: Paying the minimum on a credit card will result in owing more and more because there's a monthly interest charge on the balance. This shocks many young adults!
I’m 22 and just started making my own good money for the first time. Trying really hard to get my own apartment! This is super helpful, I was never taught anything about budgeting, not from school or family, so thank you SO MUCH!
That's awesome!!! Always always add to your 401k. I didn't start mine til I was like 33. Also the fact that you're a seeking out this info early is great!
I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.
FINALLY. A real beginner budget video. This helps me to get my budget truly started. I start and then give up. I won't give up again. Thank you. With what's ahead of us being financially stable is more important than ever before !
Thanks kid! I'm way too old to be needing this.. But up until this point in my life I always made so much money I didn't need to budget. I just lived simple and always had surplus. Well.. A series of stupid choices that I made led me here to your channel! lol.
🎯 Key Takeaways for quick navigation: 00:00 💰 Budgeting is a powerful tool to manage debt and achieve financial goals. 01:12 📊 To start a budget, list your monthly income, and if uncertain, calculate an average based on past paychecks. 01:55 💳 List all your debts, including student loans, credit cards, etc., along with their minimum payments. 02:23 🏠 Identify fixed expenses like rent, utilities, and groceries, using a three-month average for uncertain costs. 03:44 🛍️ Allocate discretionary spending (fun expenses) for items like dining out, subscriptions, and entertainment. Ensure expenses are less than income for a balanced budget. Made with HARPA AI
I’m 18 and I’m feeling really behind of life and I’m scared of anything that has to do with growing up, change, and learning new adulting things because im afraid I won’t connect the dots. Which is what has been happening. So im glad I found this video. Watching it now.
I'm 74 year old man I started to budget late in life. But since the initial part of my budgeting my life has changed 100 💯 percent. Thanks for your motivation updates.
I started a new job a few months ago,and I spent almost all of my paychecks in one go. I was just buying stuff to get stuff and was dissatisfied with the stuff I have. Don't get me wrong, I'm happy that I was able to get the item but I took it too far. I'm starting to budget what I buy like food,beauty,movies,etc. as well as balancing my checks with help from my friends. This was really helpful advice and hope to learn more about how to save my money when I want to.
Just started my first payed job a few months ago and I’m thrilled I found this! Numbers don’t usually work with my brain, but this was simple to understand and really helpful!!
Hey, I'm 46 and this is helping me!! I never keep a budget, but now I'm trying to payoff these student loans to retire early and I need structure! Glad I found your channel.
Since I started budgeting my life has literally changed and so much stress has been relieved off my shoulders. It’s crazy how far money can go when you have a budget. Loved the vid 😊
For those who don’t know out of your credit cards always always pay the most on the high interest ones.They don’t deserve free money off your hard work.If you follow your budget you will be golden.Besides making enough money for your debt the rest and for allot of people is self control.I see so many people going so into debt trying to empress,brag and trying to live like a millionaire on a White Castle budget.Good video 👍.I wish everyone health wealth and happiness.💰
Here as a 30YO millennial who knew I needed to work hard after HS to earn money, but shied away from finances because I was terrible at math as a kid. Finally making a conscious effort to lock down my finances after realizing I need to do more to care for my family long term vs just pawning off things that scare me to my wife.
Right here with you friend, I wish our parents and school would have made a better effort to encourage and teach us how to save and budget, but late is better than never, lets hope our 30s are better than our 20s financially lol.
Girl samee, i'm 15 and it's starting to dawn on me that no one is gonna teach me this stuff at school. I need to be ready but my best of luck to you :)
i recommend learning how people buy houses as well, not just to buy it but to know how and why rent costs what it does, if i had the education about it earlier i could of purchased a house nearly 5 years sooner than i did, you're on the right track and will do well out there.
Thank you so much for NOT saying what I heard another financial influencer say!!! She was going through expenses and said if your expenses are more than your income, you need to get more income…. And just added a new PT job to income - as if it’s that easy to just go out and pick up another job. Ridiculous!!
I am 27 (pretty soon) but I havent worked very much. And I am terrible at budgeting.. But I finally got a good SAH job where I can work with my kiddo and I really want to make sure that I can not only do something fun w her and save up for a pair of contacts/spectacles, but also most importantly help us pay off some debt. So thank you for making a video for someone who's not that smart at budgeting to understand!
Very helpful, after graduating high school in 2020 it’s been really hard with coronavirus and staying home for my first year of college blah blah blah, got a summer job and I’m excited
Sounds like you are making positive money moves, so be proud! This season is temporary and you are making the right decisions by getting your budget together :)
You are amazing! I've always been somewhat anxious about my finances and laying it all out the way you showed made me feel much more comfortable and secure. I feel so much more in control of my money and where it goes. Now I just need to build the discipline to cut back on my eating out, because THAT is a big money sink for me haha. Thank you!
I’ve just gotten payed for babysitting! I’m trying to get school supplies and some clothes this is great advice thank you so much! I may be 13 but I need to manage my money diligently
This video is EXACTLY what I was looking for! My daughter recently moved out and is struggling with money. I appreciate the work you put into this. It's Educational, Inspiring and Entertaining! Great Job!
I did multi state, multi company payroll as my profession. Now, im having to learn to budget and im terrified! I.lost my husband to Covid and he did everything. Dont let that happen to you. Always be in the loop God bless you young people wanting to budget! 😊
this is so useful as someone just starting to learn this stuff! i always felt like i've not quite understood where my money is going, and hopefully this will help!
Stumbled across your video and these are great tips! What’s even more crazy is the beat in your intro was produced by me for RUclips’s audio library lol ! Amazing coincidence ! Now I’m more inclined to listen to your advice lol !😊
I paid off my student loan debt on my own before I got married but now that we are married we are saving up to go on a 1 year anniversary vacation as well as buy our first home. This was super helpful! Thank you!
I’m 23 haven’t really made a budget or stuck to one but recently realized I need to make waaaay more money so got a second job! Now I just need a way to manage the xtra income, thanks for the video !
Great info. I just lost my husband 3 months ago, I have started a budget , and I just wasn't sure exactly how to do it. This will really help me, I can do it!!!
So true, I paid off my student loans, car note, and other bills, then I was only making 55k. I paid off everything because I cut back and followed a budget.
Its important to have things in black and white , especially if you are a couple and have different ideas about money . If one of you is sensible about money and the other is a spendthrift, you are going to have a horrible relationship. More couples break up over this than just about anything else because wasting hard earned money is seen as a betrayal. Please take this advice from one who knows.
Thank you for getting straight to the point! I enjoyed the entire video from beginning to end. I will definitely be doing this as I start my budgeting.
Some extra tips is that the modal shown is not necessarily going to reflect your situation, it is important to understand what is a need or a want or a semi-need. Semi-needs are wants but cutting them comes with some kind of consequence that you would really rather not deal with. For example, a parent might watch Netflix sometimes but the children also use it and cutting it means that you AND the kids have to go through withdrawal which really sucks. Also, things like clothes are a person-by-person basis for example, I never spend money on clothes that aren't needed for something because I hate shopping for clothes, but others LOVE shopping for clothes for the sake of it. So, if spending money on something brings you pleasure then it is a fun expense, otherwise it is an incidental cost which is also a great thing to budget for.
Before getting married, my husband and I have both been pretty good about living within our means and not overspending too much, but since we just got married and are moving out on our own I'm gonna give a shot at budgeting since we'll be sharing an account :)
Def give budgeting a shot. Have you checked out our Beers & Budgeting episodes? It's been so helpful to have my hubs on board when we drink a craft beer together and look over the budget!
❤ Awesome Video as always! 🌟 I really enjoyed the way you explained it. Tips For Creating An Effective Budget- 1. Know The Purpose Of Your Budgeting 2. Make an Irregular Expense Plan 3. Know Your Income 4. Determine Your Monthly Spending 5. Set Reasonable Goals 6. Track Your Spending 7. Try Out Different Budgeting Plans 8. Create An Emergency Fund 👉 Stay connected & keep up the great work.
Great video! But as a Graphic Artist I recommend a fine point Sharpie (If you have to use Sharpies vs. a regular pen) because the fat ones bleed through, are wasteful, and make it more difficult to read.
I've always been pretty okay with my money but I've never had a super clear picture of where I stood until I watched this video. Thank you and can't wait to regain a better control of my money after a hectic 2020 and 2021!
If you on a budget or low income you shouldn't be shopping on instalation, you pay more for groceries including service charges. Cheaper to shop on your own.
Great Video thank you for sharing! My only gripe would be what I saw on the spreadsheet at the end --> you will always want to tackle the high interest before low interest. you have good credit so you got a great rate on your car loan - in this scenario i would suggest paying the minimum or slightly above minimum payment on while putting more towards that high interest cc at 23%
This is perfect! I want to get better at budgeting this year, and I gave myself a deadline of the end of the week to make a simple one. I can definitely use this! Thanks!
That is a good idea. I just created a video that explains the 6 main budgeting styles and which one might be best for you. It will probably be helpful to you.
I really need to start budgeting especially for my daughter so she can learn how to be responsible with her money later on...i never learned it but I have too in order to have a more relaxed life with my girl 😔
I got my first job this month (Im 18) I'm starting the habit before I make a young'in type mistake. Kinda scared of money =( I wonder if I'm the only one....
That is so great to hear! Nothing to be afraid of... money is neither good or bad but you do have the capability to use it as a tool. Keep educating yourself on personal finance and you will do amazing things!
Thank you for sharing. I was not listing my personal debt as top most important. I have been generous giving financial gifts before clearing loans. now I know that I have to name every dollar or else I will fall in a trace the will make live a life of debt.
I’m a newbie to your channel and love this video. So here is my thing, I wrote down all my debt but not in categories and they all add up over what I make in a month but I manage to get them paid. Which leaves me no money to save. What would you suggest I do? Please help 😢
First, take care of your basic living expenses. Then make sure you have 2-3 months of living expenses set aside in an emergency fund. That's your fallback. Then you can continue with your debt payoff plan. Very little will go to savings while you pay off debt but that's why you have your emergency fund in place.
Thank u so much for this video I have been searching high and low for a video that actually talks u through budgeting as I never knew of u had to add ur bills like rent ect in a budget now I know u do so I can now set a budget up and start saving money like I use to back in day before I started helping people and spending money with out keeping track where it goes with this video I am now able to save money and not go over the budget so again thank u for this video ur helping so many people
Hey sweetheart advice I had supposed to bother me coming and I started working on budgeting because the force of living in New York City so you know it's the best so what I used to do I started to write down my budget of all all my expenses and then I started from there with I can pay everything I need to pay and still have to go to work
Do you have a video on investing? I tried to work with stocks but I am not sure what else is out there to do investing in. I want to have better future and be smarter with investing. I also, want to say I want to try to work on staying in budget and using your excel templet effectively. Thank you again for this video.
I’m 18 wanting to be responsible bc I’m a single dad and I know I won’t get help all the time so I’m tryna be good with my money now and support my kid at the same time
I did not see where there was any budget for car maintenance like tires or oil changes. I also didn't see car registration. Where would those go since it's not monthly?
I'm only 14, but I want to be as responsible with my money as possible. Thanks for the advice!
Same in 13 tho
Good on yall I wish I started that young! Stick to it!
Same but I'm 15
Fabulous job starting so early!!! it will take you far
Same but 13!
I'm 17, but my mom is mentally still a child so I have to manage our finances. So you're a life saver. Thank you so much!
I'm sooo glad you are looking up these resources, even if it's under crappy circumstances. You are going to absolutely crush it with budgeting. You are setting yourself up for a lot of financial success later in life by learning this skill now. :)
@@DebtFreeMillennials Thanks :)
Proud of you 👍
@@jacquelinellamas3197 thank you very much :)
My daughter is very financially responsible whereas I am a spender. You are awesome and will set yourself up for financial stability and security.
I admire those who learn these life lessons early on in life. I am 45 years old, I am still in debt, but with this type of advice, I feel confident that I will be able to change things around. I now see that something as simple as organizing and prioritizing can have a major impact on financial growth.
Don't feel too bad, I'm 44 and have literally never done a budget like this. I'm trying to better myself as well! Also I want to be able to pass on good financial habits to my kids. I've lived on my own since 16 and I feel like I've never really learned what I should have about finances.
progress? update us
One thing to warn people about: Paying the minimum on a credit card will result in owing more and more because there's a monthly interest charge on the balance. This shocks many young adults!
I’m 22 and just started making my own good money for the first time. Trying really hard to get my own apartment! This is super helpful, I was never taught anything about budgeting, not from school or family, so thank you SO MUCH!
Same here, 22 and just now trying to start being good with money! Good luck, I believe in you!
Hey, did you get it?
That's awesome!!! Always always add to your 401k. I didn't start mine til I was like 33. Also the fact that you're a seeking out this info early is great!
Yes most definitely, I feel you no one was there to teach us about managing money in school ! I wish I was taught but this is a good start
@@setaymcj5847 yes! :D
I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this.
I'm about to be 29 soon and this advice is so helpful. Thank you, I've been a bit worried about being behind financially 🙈❤️
Giving me hope I'm 32 thanks for the hope
FINALLY. A real beginner budget video. This helps me to get my budget truly started. I start and then give up. I won't give up again. Thank you.
With what's ahead of us being financially stable is more important than ever before !
Thanks kid! I'm way too old to be needing this.. But up until this point in my life I always made so much money I didn't need to budget. I just lived simple and always had surplus. Well.. A series of stupid choices that I made led me here to your channel! lol.
23yro just moved out of my parent's house and learning how to survive independently. thank you for the vid :')
🎯 Key Takeaways for quick navigation:
00:00 💰 Budgeting is a powerful tool to manage debt and achieve financial goals.
01:12 📊 To start a budget, list your monthly income, and if uncertain, calculate an average based on past paychecks.
01:55 💳 List all your debts, including student loans, credit cards, etc., along with their minimum payments.
02:23 🏠 Identify fixed expenses like rent, utilities, and groceries, using a three-month average for uncertain costs.
03:44 🛍️ Allocate discretionary spending (fun expenses) for items like dining out, subscriptions, and entertainment. Ensure expenses are less than income for a balanced budget.
Made with HARPA AI
I’m 18 and I’m feeling really behind of life and I’m scared of anything that has to do with growing up, change, and learning new adulting things because im afraid I won’t connect the dots. Which is what has been happening. So im glad I found this video. Watching it now.
By the grace of God you will get it all , fear is not from the Lord , with his help, cast it out!!!
Yes I will try and remember that.
I'm 74 year old man I started to budget late in life. But since the initial part of my budgeting my life has changed 100 💯 percent. Thanks for your motivation updates.
I started a new job a few months ago,and I spent almost all of my paychecks in one go. I was just buying stuff to get stuff and was dissatisfied with the stuff I have. Don't get me wrong, I'm happy that I was able to get the item but I took it too far.
I'm starting to budget what I buy like food,beauty,movies,etc. as well as balancing my checks with help from my friends. This was really helpful advice and hope to learn more about how to save my money when I want to.
Just started my first payed job a few months ago and I’m thrilled I found this! Numbers don’t usually work with my brain, but this was simple to understand and really helpful!!
This was great. I just got married and I didn’t know where to start my budgeting and this helped alleviate a lot of anxiety and stress about budgeting
Hey, I'm 46 and this is helping me!! I never keep a budget, but now I'm trying to payoff these student loans to retire early and I need structure! Glad I found your channel.
I'm just starting a new job. I want to be responsible with the money God's blessing me with. Thank you for your advice.
I'm 37. This is the first time learning about any of this. Gonna give it a try. Wish me luck
Since I started budgeting my life has literally changed and so much stress has been relieved off my shoulders. It’s crazy how far money can go when you have a budget. Loved the vid 😊
GF and I are making our first budget as a couple this weekend. This video is helping immensely with planning
Hope you marry her then 😅
For those who don’t know out of your credit cards always always pay the most on the high interest ones.They don’t deserve free money off your hard work.If you follow your budget you will be golden.Besides making enough money for your debt the rest and for allot of people is self control.I see so many people going so into debt trying to empress,brag and trying to live like a millionaire on a White Castle budget.Good video 👍.I wish everyone health wealth and happiness.💰
Here as a 30YO millennial who knew I needed to work hard after HS to earn money, but shied away from finances because I was terrible at math as a kid. Finally making a conscious effort to lock down my finances after realizing I need to do more to care for my family long term vs just pawning off things that scare me to my wife.
Right here with you friend, I wish our parents and school would have made a better effort to encourage and teach us how to save and budget, but late is better than never, lets hope our 30s are better than our 20s financially lol.
I’m 17, but I’ve been looking at videos like this since 14. God, I’m turning 18 in 7 months I have to be ready😭
Girl samee, i'm 15 and it's starting to dawn on me that no one is gonna teach me this stuff at school. I need to be ready but my best of luck to you :)
i recommend learning how people buy houses as well, not just to buy it but to know how and why rent costs what it does, if i had the education about it earlier i could of purchased a house nearly 5 years sooner than i did, you're on the right track and will do well out there.
Thank you so much for NOT saying what I heard another financial influencer say!!! She was going through expenses and said if your expenses are more than your income, you need to get more income…. And just added a new PT job to income - as if it’s that easy to just go out and pick up another job. Ridiculous!!
Justine, you made this so simple and consised to understand. I hope to keep this budget up. Thank you!!
This helped me realize that I'm spending way to much on eating out. Ty.
I am 27 (pretty soon) but I havent worked very much. And I am terrible at budgeting.. But I finally got a good SAH job where I can work with my kiddo and I really want to make sure that I can not only do something fun w her and save up for a pair of contacts/spectacles, but also most importantly help us pay off some debt. So thank you for making a video for someone who's not that smart at budgeting to understand!
Very helpful, after graduating high school in 2020 it’s been really hard with coronavirus and staying home for my first year of college blah blah blah, got a summer job and I’m excited
Sounds like you are making positive money moves, so be proud! This season is temporary and you are making the right decisions by getting your budget together :)
U can do it!!
You are amazing! I've always been somewhat anxious about my finances and laying it all out the way you showed made me feel much more comfortable and secure. I feel so much more in control of my money and where it goes. Now I just need to build the discipline to cut back on my eating out, because THAT is a big money sink for me haha. Thank you!
I’ve just gotten payed for babysitting! I’m trying to get school supplies and some clothes this is great advice thank you so much! I may be 13 but I need to manage my money diligently
Thank you so much!! I’m 17 and I haven’t learn any of these principles growing up nor being informed this by anyone
This video is EXACTLY what I was looking for! My daughter recently moved out and is struggling with money. I appreciate the work you put into this. It's Educational, Inspiring and Entertaining! Great Job!
Appreciate the nice comment! ☀️
Hi I'm 17 I have been finally found the video I needed thank you so much 💗 💓
Glad I could help!
I did multi state, multi company payroll as my profession. Now, im having to learn to budget and im terrified! I.lost my husband to Covid and he did everything. Dont let that happen to you. Always be in the loop
God bless you young people wanting to budget! 😊
this is so useful as someone just starting to learn this stuff! i always felt like i've not quite understood where my money is going, and hopefully this will help!
Stumbled across your video and these are great tips! What’s even more crazy is the beat in your intro was produced by me for RUclips’s audio library lol ! Amazing coincidence ! Now I’m more inclined to listen to your advice lol !😊
OMG No way!! Are you known as RAGE on RUclips's audio library??
@@DebtFreeMillennials lol yes all those beats were produced by me 😀💪🏾💪🏾
This is great, the only adjustment I would make it listing in order of importantance.
and clothing would not fall under fun.
and this should include an emergency fund.
I hope everyone has a prosperity and a abundant year
I paid off my student loan debt on my own before I got married but now that we are married we are saving up to go on a 1 year anniversary vacation as well as buy our first home.
This was super helpful! Thank you!
I’m 23 haven’t really made a budget or stuck to one but recently realized I need to make waaaay more money so got a second job! Now I just need a way to manage the xtra income, thanks for the video !
Great info. I just lost my husband 3 months ago, I have started a budget , and I just wasn't sure exactly how to do it. This will really help me, I can do it!!!
Thank you for explaining this so simply. I'm going to share this with my children.
A real beginner-budget video. Very easy to follow and understand👍
As a 14 who wants to become a successful baker this will make life easier for me and my career.
I LOVE to hear that!! Keep learning about money, it will take you far.
I will be trying this. Thank you.
Thank you for this. It’s such a simple outline and easy to customize for my specific needs ❤
So true, I paid off my student loans, car note, and other bills, then I was only making 55k. I paid off everything because I cut back and followed a budget.
Thank you this helped
Its important to have things in black and white , especially if you are a couple and have different ideas about money . If one of you is sensible about money and the other is a spendthrift, you are going to have a horrible relationship. More couples break up over this than just about anything else because wasting hard earned money is seen as a betrayal. Please take this advice from one who knows.
Thank you for getting straight to the point! I enjoyed the entire video from beginning to end. I will definitely be doing this as I start my budgeting.
Glad you liked it!
@@DebtFreeMillennials Hi , I am monowar Hussain , I want to talk to you
About Budget .
Some extra tips is that the modal shown is not necessarily going to reflect your situation, it is important to understand what is a need or a want or a semi-need. Semi-needs are wants but cutting them comes with some kind of consequence that you would really rather not deal with. For example, a parent might watch Netflix sometimes but the children also use it and cutting it means that you AND the kids have to go through withdrawal which really sucks. Also, things like clothes are a person-by-person basis for example, I never spend money on clothes that aren't needed for something because I hate shopping for clothes, but others LOVE shopping for clothes for the sake of it. So, if spending money on something brings you pleasure then it is a fun expense, otherwise it is an incidental cost which is also a great thing to budget for.
Before getting married, my husband and I have both been pretty good about living within our means and not overspending too much, but since we just got married and are moving out on our own I'm gonna give a shot at budgeting since we'll be sharing an account :)
Def give budgeting a shot. Have you checked out our Beers & Budgeting episodes? It's been so helpful to have my hubs on board when we drink a craft beer together and look over the budget!
Making money is a much different skill than what's needed to consistently budget save and invest
❤ Awesome Video as always!
🌟 I really enjoyed the way you explained it.
Tips For Creating An Effective Budget-
1. Know The Purpose Of Your Budgeting
2. Make an Irregular Expense Plan
3. Know Your Income
4. Determine Your Monthly Spending
5. Set Reasonable Goals
6. Track Your Spending
7. Try Out Different Budgeting Plans
8. Create An Emergency Fund
👉 Stay connected & keep up the great work.
So often it’s less than 3k income and higher expenses. Thank you for the video just feeling a bit discouraged.
Great video!
But as a Graphic Artist I recommend a fine point Sharpie (If you have to use Sharpies vs. a regular pen) because the fat ones bleed through, are wasteful, and make it more difficult to read.
I've always been pretty okay with my money but I've never had a super clear picture of where I stood until I watched this video. Thank you and can't wait to regain a better control of my money after a hectic 2020 and 2021!
Looove it!
Great 👍
Thank you! Simple and realistic
Thank you ❤ for the advice i was starting to be responsible about my spending and this is so useful.
This is a really simple way to get started. Love it.
I’m going to do this stat, and it’s the beginning of the month yay
I live in San Diego and did an instacart order yesterday. One of the customer's name was Justine and wondered if it was your for a few minutes 😄
haha that's funny! I haven't ordered anything via Instacart just yet.
If you on a budget or low income you shouldn't be shopping on instalation, you pay more for groceries including service charges. Cheaper to shop on your own.
If you on a budget you shouldn't be shopping online or instalation. You paying more. Cheaper to shop on your own.
Where would you put things like toiletries, laundry soap stuff you're not always buying but are a necessity. Would that be considered shopping?
Thank you so much for this! I love how simplified your breakdown is for someone like me who is just starting to budget.
Thank you for the advice. I was in a big mess with my expenses/income but this really helped me. Thanks again x
So glad!
Everyone should be taught about budgeting when they are in school or by their parents
Great Video thank you for sharing! My only gripe would be what I saw on the spreadsheet at the end --> you will always want to tackle the high interest before low interest. you have good credit so you got a great rate on your car loan - in this scenario i would suggest paying the minimum or slightly above minimum payment on while putting more towards that high interest cc at 23%
Thank you for the fudge category! I never thought to add a category like that in my budget, so smart 🤓
Great 👍
The net zero is a great tip. thanks for teaching
This is perfect! I want to get better at budgeting this year, and I gave myself a deadline of the end of the week to make a simple one. I can definitely use this! Thanks!
That is a good idea. I just created a video that explains the 6 main budgeting styles and which one might be best for you. It will probably be helpful to you.
First things first. As a 37yo Millennial, I thank you for paying off YOUR OWN college debt and not expecting us taxpayers to pay.
Budgeting is very important if you wanna start getting your finances straighten up, i started doing these types of videos too :)
Beautiful writing!!
I really need to start budgeting especially for my daughter so she can learn how to be responsible with her money later on...i never learned it but I have too in order to have a more relaxed life with my girl 😔
This is my first time attempting a budget.....is there another tutorial or just follow you on your link.?
I got my first job this month (Im 18) I'm starting the habit before I make a young'in type mistake. Kinda scared of money =( I wonder if I'm the only one....
That is so great to hear! Nothing to be afraid of... money is neither good or bad but you do have the capability to use it as a tool. Keep educating yourself on personal finance and you will do amazing things!
Thank you for sharing. I was not listing my personal debt as top most important. I have been generous giving financial gifts before clearing loans. now I know that I have to name every dollar or else I will fall in a trace the will make live a life of debt.
As a 17 year old who has terrible money management im learning how to budget so wish me luck
You are so simple but so amazing ! Love this !!!!!
Ty so much, this was exactly what I was looking for ❤
Oh Fudge! I didn’t realized I need to include that in my budget. Thank you for this very informative video ♥️ I’m also starting my budget plan
Great 👍
This is the best, most simplistic video I have watched about budgeting!
Thank you thank you thank you I got it now
This was a great video and super helpful! Thank you!
You're so welcome!
Thank you so much know I know how to start saving my hard work income!
Wonderful!
Great video and you explain everything so well 😊thank you👍
I’m a newbie to your channel and love this video. So here is my thing, I wrote down all my debt but not in categories and they all add up over what I make in a month but I manage to get them paid. Which leaves me no money to save. What would you suggest I do? Please help 😢
First, take care of your basic living expenses. Then make sure you have 2-3 months of living expenses set aside in an emergency fund. That's your fallback. Then you can continue with your debt payoff plan. Very little will go to savings while you pay off debt but that's why you have your emergency fund in place.
Wow this was very elementary and yet very insightful. Thank you!
Thank you!
Thank u so much for this video I have been searching high and low for a video that actually talks u through budgeting as I never knew of u had to add ur bills like rent ect in a budget now I know u do so I can now set a budget up and start saving money like I use to back in day before I started helping people and spending money with out keeping track where it goes with this video I am now able to save money and not go over the budget so again thank u for this video ur helping so many people
I’m only 8 months old but I’m preparing for toddlerhood with this vid
Hey sweetheart advice I had supposed to bother me coming and I started working on budgeting because the force of living in New York City so you know it's the best so what I used to do I started to write down my budget of all all my expenses and then I started from there with I can pay everything I need to pay and still have to go to work
Is the "fudge" category something that builds up over time that you keep and can pull from?
Yes!
Thank you for sharing this video. I was looking for the way write a household ledger in English for English. It’s simple but really useful to me.😍
Well done by a smart MIlennial.
Excellent video. Thank you for posting this.
Do you have a video on investing?
I tried to work with stocks but I am not sure what else is out there to do investing in. I want to have better future and be smarter with investing. I also, want to say I want to try to work on staying in budget and using your excel templet effectively. Thank you again for this video.
How to put together a budget with a joint bank account either a husband who doesn’t save or worry about the bills?
I’m 18 wanting to be responsible bc I’m a single dad and I know I won’t get help all the time so I’m tryna be good with my money now and support my kid at the same time
I did not see where there was any budget for car maintenance like tires or oil changes. I also didn't see car registration. Where would those go since it's not monthly?
Make your own category- yearly expenses