I get around $1000 a month and half goes to rent so its very hard to save but i try to put away $5 a week away but often find it hard to do so. I’m making it work though
Rent in australia is crazy right now and since i have a disability i have very high medical costs so i have the cheapest place i could find which is half of my income. I live with my grandmother in a unit attached to her house but if i were to live in an official rental that is the cheapest i would be paying 90% of my income. She has let me pay half the lowest rent so 50% of my income going to rent is the best im gonna get but it means i have to save up to go to any medical appointments.
Sooo....if my take home pay is $2000 a month, but the cheapest 1 bedroom in my area starts at $2200.... It is kind of misleading to use 2012 prices to budget a 2023 wage. I am very frugal and just my electric bill is $200 a month, not $10
Me and my sister won’t run the AC often; we’ll turn the lights off until it’s dark; we try to use more cold water than hot and we don’t run the tv and other electronics often so we keep our electric to $75-$120/month.
Haha this is similar to my income. You don't have to make a lot to live nicely. Don't forget to give guys! No matter what income always be giving back :).
Also, don’t forget giving looks different for everybody and isn’t just monetary ❤ When I couldn’t get a job in high school and after graduation I spent 4 years volunteering at a youth and adults with disabilities riding facility What you can afford to give is enough even if it isn’t what others can give ❤
My debts mess me up in savings but im getting rid of them to finally be able to breathe. Even with my own studio($1740/month) ill now be saving at least $800 a month without my debts and this is with a high car payment! Its possible but just don't get yourself in debt with credit cards 😭
Now I have more knowledge about personal finance, thanks to your channel, I just subscribed.Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment.Traveling is now on our horizon, thanks to our financial choices*
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Earlier this year, I hesitated and failed to take any action until now. However, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties, I really wish I can achieve what you and your partner has achieved. I believe and it will surely happen.
So the moral of the story is people who make $15 an hour and are lucky enough to have a partnership with somebody or a friend who makes the equivalent make just about as much as this person makes in 2012 meaning that there has been no increased to the amount of money that we make, but the cost-of-living has tripled if not quadrupled over the last decade Seems as if our society has failed us
So you still paid off the 0% interest item to a family member first? I'm debating where to rack and stack a 0% interest credit card payment that was used for a single item that has 60 month interest free equal payments setup that pay it off by the 60th month.
My car note half one of my checks a month 😢. Brought my car before the inflation hit. And before my paycheck went down with changing needs of hairstylist since the pandemic
Have to say this was a strange video, most people don’t get so many things free of charge. People don’t usually have a $10 total internet + utility bill.
My one-bedroom apartment (600ish sq feet) is $700 a month, but $700 a month is quite a bit more than 35% of my monthly income... that being said other similarly sized units are rare (most apartments here are two bedrooms) and usually go for $100-150 more. But I live in a semi-rural area in the Midwest, so cost of living is allegedly lower.
Yeah agreed, I can’t find a room to rent near me for less than $1k a month. Which is a lot more than 35%. Also car insurance where I live is about $200 and gas is at least $150 per month. There’s no budget scenario for me right now that doesn’t have a negative in front of it.
Well because you’re using your very situational zero based budgeting to people who are watching this is in 2023 and very rarely would anyone have a landlord or leasing office with open WiFi. Overall just send unreasonable to used this as “low income” budgeting. Also living in Kansas isn’t so fair since it’s one of the cheaper places to rent. It’s just that this is such a large platform and this would never realistically be helpful to “low income budgeting”. Just seems like a simplified 101 zero based budgeting explanation
Honestly the idea behind this is good but I feel like these numbers from 2011 should be scaled up to account for inflation
I get around $1000 a month and half goes to rent so its very hard to save but i try to put away $5 a week away but often find it hard to do so. I’m making it work though
Rent in australia is crazy right now and since i have a disability i have very high medical costs so i have the cheapest place i could find which is half of my income. I live with my grandmother in a unit attached to her house but if i were to live in an official rental that is the cheapest i would be paying 90% of my income. She has let me pay half the lowest rent so 50% of my income going to rent is the best im gonna get but it means i have to save up to go to any medical appointments.
Sooo....if my take home pay is $2000 a month, but the cheapest 1 bedroom in my area starts at $2200.... It is kind of misleading to use 2012 prices to budget a 2023 wage. I am very frugal and just my electric bill is $200 a month, not $10
I was looking for this comment!! Like that is so unlikely!!! No way you can find a apartment for that cheap!
Me and my sister won’t run the AC often; we’ll turn the lights off until it’s dark; we try to use more cold water than hot and we don’t run the tv and other electronics often so we keep our electric to $75-$120/month.
For real even in the ghetto neighborhoods I grew up in the cheapest is like $1500 studio apt but back then it was $300 for a 2 bedroom house.
Even with roomates you would not find or want to live in a $350/month apartment.
It's better if you find an apartment that costs only 0.99
Haha this is similar to my income. You don't have to make a lot to live nicely. Don't forget to give guys! No matter what income always be giving back :).
Also, don’t forget giving looks different for everybody and isn’t just monetary ❤
When I couldn’t get a job in high school and after graduation I spent 4 years volunteering at a youth and adults with disabilities riding facility
What you can afford to give is enough even if it isn’t what others can give ❤
Amen 🙏🏽
Great video Justine! Way to break it down so clearly. This is so valuable for anyone with any income!! Nice collabing with you :-)
So glad we got to collab together!!
@@DebtFreeMillennials can you please tell me where is the free excel tool?
Can we go back to the 2012 numbers!?
Great walkthrough of creating a budget! Any weekly budgeters out there?
My debts mess me up in savings but im getting rid of them to finally be able to breathe. Even with my own studio($1740/month) ill now be saving at least $800 a month without my debts and this is with a high car payment! Its possible but just don't get yourself in debt with credit cards 😭
I started budgeting this year in February. Thanks for the video!
Great collab! Also, I agree that no matter the income the method works the same. The numbers just look different.
Wow extremely unrealistic to use 2012 prices in 2023 this is totally laughable to see you do this. Did you seriously think this would apply in 2023
Thank you this very close to what I have as money
Everytime she says "blow money" a little voice in my head says, "wink wink". 😅
Same lol😅
@@ZoidBorgir 👏🏿👏🏿😂
Omg I am so glad I’m not the only one!!
Now I have more knowledge about personal finance, thanks to your channel, I just subscribed.Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment.Traveling is now on our horizon, thanks to our financial choices*
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Earlier this year, I hesitated and failed to take any action until now. However, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties, I really wish I can achieve what you and your partner has achieved. I believe and it will surely happen.
Thank you for sharing! This is helpful and I'll definitely be using it.
I gotta admit "250 for the blow" passes the broke people sniff test
2k a month would be heaven for us lol. Family of 5 budgeting with $1200 a month.
Why so low?
when she said rent shoudlnt be more than 35% of take home pay and im paying 650 on 1200 xd
Make sure u dont own a car on that income
I’m paying 1800 on 3200
So the moral of the story is people who make $15 an hour and are lucky enough to have a partnership with somebody or a friend who makes the equivalent make just about as much as this person makes in 2012 meaning that there has been no increased to the amount of money that we make, but the cost-of-living has tripled if not quadrupled over the last decade Seems as if our society has failed us
Hi,
living in 2023 there's no place that has rent that's under the 35% rule for me. especially living in a city.
Live at parents or rent a room to keep rent under 25% of ur income
So you still paid off the 0% interest item to a family member first? I'm debating where to rack and stack a 0% interest credit card payment that was used for a single item that has 60 month interest free equal payments setup that pay it off by the 60th month.
I would simply to get out of the strain it could cause in our relationship.
This literally helped me 100%
11:50 250$ for the bLoW? Gotta have that blow 👀🤣
I'm dead 💀 🤣
LMAO did she not realize this?? Hahahaha
Anyone else laughing about "$200 for blow" lol
My car note half one of my checks a month 😢. Brought my car before the inflation hit.
And before my paycheck went down with changing needs of hairstylist since the pandemic
Have to say this was a strange video, most people don’t get so many things free of charge. People don’t usually have a $10 total internet + utility bill.
And $378 rent is not realistic today
my biweekly budget is 1200, and my mom is retired. We make it work because we dont use credit cards
Great video. Thank you!
Extremely helpful! Thank you so much
The bases of this is good. Doesn’t work for the larger portion though.
Thanks for this video. Very helpful for me. 😊
You’re welcome!
You can't even rent a room for $700 a month.
My one-bedroom apartment (600ish sq feet) is $700 a month, but $700 a month is quite a bit more than 35% of my monthly income... that being said other similarly sized units are rare (most apartments here are two bedrooms) and usually go for $100-150 more. But I live in a semi-rural area in the Midwest, so cost of living is allegedly lower.
Yeah agreed, I can’t find a room to rent near me for less than $1k a month. Which is a lot more than 35%. Also car insurance where I live is about $200 and gas is at least $150 per month. There’s no budget scenario for me right now that doesn’t have a negative in front of it.
Allegedly? At that rent price its not alleged lol @@brennaweaver3974
america is crazy i am italian and my low income is 800 euros which is like 850 dollars. an i struggle but can survive hahah
What's rent there? Rent in Canada for 1 bedroom is 1800 to 2000 Canadian
Yes. We are. $850 is a rent payment or a trip to the emergency room.
Don’t be spending too much on “blow” to have fun...
Lololol
Great video😅
Very helpful !!
Mine is sooo below £1,000😂
This is hardly relatable. My water bill is over $300 a month. Rent is cheap, but utilities are killing me.
Does anyone have a category for charity or gifts?
Any kenyan here?
No
this is not low income low income is like 1500.00 a month
It all depends on where you live and what your expenses are. Also if you have a big family and only bring in 2k then that's not enough.
Gr8
I'm doing the same. I'm hoping to be done in between 3 to 5 months.
Why Thomas do you have to say that? Are you tom cruise
Not the same
What do you mean?
Well because you’re using your very situational zero based budgeting to people who are watching this is in 2023 and very rarely would anyone have a landlord or leasing office with open WiFi. Overall just send unreasonable to used this as “low income” budgeting. Also living in Kansas isn’t so fair since it’s one of the cheaper places to rent. It’s just that this is such a large platform and this would never realistically be helpful to “low income budgeting”. Just seems like a simplified 101 zero based budgeting explanation
botched nose job lol