PAYDAY ROUTINE | budget breakdown, account setup, transfers + how I budget weekly 💰

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  • Опубликовано: 3 дек 2024

Комментарии • 102

  • @DonnasWonderland
    @DonnasWonderland 9 месяцев назад +83

    Slow business soft ambition is what I’m living this year so I love that you’re leaning into a slower pace. Everyone is always running and I think back to before the internet and how long things would take and we just had to wait. The internet is amazing but I crave the slowness of before

    • @smileycitrus
      @smileycitrus  9 месяцев назад +2

      YES! I love this 🫶🏼

  • @jadepopps
    @jadepopps 9 месяцев назад +34

    I agree about a bills account, my husband and I do the same and it’s just an relief knowing the money is there when the bills come in, especially the big bills like rates, rego, insurance etc

  • @Alex-gs8te
    @Alex-gs8te 3 месяца назад +4

    Her Budget sheet is absolutely amazing! Super user friendly & easy to follow. Love that it includes percentages and visualizations of where all of your money is going!

    • @kristinacasas4666
      @kristinacasas4666 3 месяца назад

      I got the spreadsheet today, love it so far. Can you save the month sheet and get a new one going or do you have to buy a spreadsheet per month? thanks.!

  • @nikkibott3878
    @nikkibott3878 9 месяцев назад +22

    It’s so nice to hear you talk about a simpler slower more balanced life. I launched my business last year and all anyone asks is when I’m going to hire and scale it. I don’t think I want that stress I’m happy it being just me with freelance support and knowing I have the freedom and time and balance that I enjoy xx

    • @smileycitrus
      @smileycitrus  9 месяцев назад +1

      people don't talk about this enough! sometimes it ok to just ✨be✨
      good on you for recognising that! enjoy your well earned freedom and balance xx

  • @bfenerli
    @bfenerli 9 месяцев назад +17

    Thanks for the transparency, this was refreshing to watch and made sense. I love watching personal finance content but haven't found an Australian channel that I vibe with, glad to have found yours! Subscribed 😊

  • @TirsaWith
    @TirsaWith 8 месяцев назад +6

    i would looove to see more business finance content. I'm a freelancer and want to use this spreadsheet and i think i'll include all my pre-tax business earnings and then add my tax savings as a savings goal... Also, do you think you'll still try those sinking funds in the spreadsheets?

  • @gracecap8513
    @gracecap8513 9 месяцев назад +15

    So glad that you received all the love and support you deserve on your latest announcement! You have inspired me to take control of my mine & my fiancés finances, we have a wedding coming up and hoping to buy and your videos are soooo helpful! Thank you ❤

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      ahh this makes my heart SO happy!! best of luck with everything ❤️

  • @stephmarie8949
    @stephmarie8949 8 месяцев назад +1

    I love this. My direct debits are kind of all over the place to the savings and bills accounts and not really tracking to a degree. I love the tracker definitely going to get the yearly one next week and start REALLY tracking and understanding where my money is going and see what floating money I have to put towards house deposit.

  • @jackmovick9116
    @jackmovick9116 4 месяца назад +1

    Thanks heaps for this. I struggle to track money because my husband makes different amounts and not every week being self employed but I noticed I already do what you do. What made me feel better was that not every week your savings hundreds. I sometimes feel like I’m lacking because we can’t save a lot. But your right the bills account is amazing, we have that to. 💗💗

  • @cynthiaubah5066
    @cynthiaubah5066 7 месяцев назад +3

    I just realized i bought your budget from Etsy!!! Omg! I love it so much. It's been helping me keep track of my finances!

  • @nadia086
    @nadia086 9 месяцев назад +5

    Great video! A sharehouse I moved into in my early 20s had a bills account that our rent and joint bills came out of and I’ve used the same thing for myself ever since!
    When I bought my house I created my home account that all bills etc came out of, plus I put a bit extra to cover small things like replacing a towel rail or buying new storage containers and it’s been so beneficial! That way the day-to-day account is for all the fun things! 😂

    • @smileycitrus
      @smileycitrus  9 месяцев назад +1

      I love that idea too! might start doing that ☺️

  • @TammiLee105
    @TammiLee105 6 месяцев назад +1

    Hi Ella thanks for putting together this video. It’s amazing how interesting you do it. With the bills account I see you just changed the actual rather than putting it through the transaction tracker. Can I ask why this is? Does it affect anything within the spreadsheet? How do you record what bills are paid and how did you decide how much to put away each month for those bills?

  • @janicew9
    @janicew9 9 месяцев назад +8

    I've watched a ton of your resets, potentially all of them lol, but this video REALLY showed how useful this spreadsheet is! I love the auto updating fields

    • @smileycitrus
      @smileycitrus  9 месяцев назад +2

      I'm so glad!! definitely want to share more of the day to day functions of it! x

  • @hannahsaywell811
    @hannahsaywell811 7 месяцев назад +1

    Hey! Let say for example you are saving $50 for rates a week, how do you go about entering the full amount in the budget template when the rate bill comes in?
    Otherwise it will skew the data if that makes sense? as you have already been saving for it weekly? Just asking as I am currently doing this and am not sure!

  • @DubaiCashStuffer1
    @DubaiCashStuffer1 7 месяцев назад +3

    I love all things personal finance like you and yes pay day is the best day😂 Thanks for the video

  • @ingridalice9707
    @ingridalice9707 9 месяцев назад +2

    Can I please ask what your emergency fund relates to/examples where it has been used? See that you have sections where you budget for healthcare etc as an annual expected expense. Just wondered where the line is drawn between accessing general savings vs using emergency for example broken household items, something like car damages etc.? Thanks

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      basically any unexpected cost! like if the car breaks down or something happens to the house and we haven't been actively saving for it

  • @YourRav
    @YourRav 9 месяцев назад +2

    I’ve never heard of an offset account but that sounds so nice!!! America here.

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      wow interesting!

    • @jarrahgreensill2752
      @jarrahgreensill2752 9 месяцев назад +1

      In Australia we pretty much always have this option. We bought a house & dumped all of our leftover savings into our offset account & continue to dump savings into it every week.
      You can access that money at any time with a simple transfer between accounts (no delays) & the money sitting in there automatically reduces the interest you pay on your mortgage per week. It's acts as if you've already paid that off your mortgage, however it's sitting there available at any time :)

    • @YourRav
      @YourRav 9 месяцев назад

      @@jarrahgreensill2752 I don’t own a home but I’ve done research on buying in the US and I’ve never heard of this. It’s such a good option

    • @ashlynm8802
      @ashlynm8802 6 месяцев назад +1

      In the USA it’s called a 1st lien heloc! Home equity line of credit. Banks don’t advertise these because of course they lose money in interest 😉
      Definitely worth looking into!

  • @claragorges2691
    @claragorges2691 9 месяцев назад +1

    as a banker, you explained that perfectly!!! p.s really like these videos, so easy to understand and lots to learn

  • @zoetaguma
    @zoetaguma 9 месяцев назад +4

    Love this! The budget tracker as been one of the best things I've bought this year :)

    • @smileycitrus
      @smileycitrus  9 месяцев назад +1

      ahh this makes me so happy to hear!!

  • @Yollie26
    @Yollie26 9 месяцев назад +4

    i love the spreadsheet its so user friendly 🙌😊

  • @kittykat6830
    @kittykat6830 9 месяцев назад +2

    How did you make the money roll over into the next month ? I’ve saved the spreadsheet as a new spreadsheet and had to fill it all out again ready for March 😅

    • @smileycitrus
      @smileycitrus  9 месяцев назад +1

      I think if you email Coplenty and they can send you an updated one that automatically rolls it over x

  • @chunk4520
    @chunk4520 7 месяцев назад

    Could you write out your Accounts and what type of account it is like this,
    2
    Checking Accounts
    Checking #1 - Bills
    Checking #2 - Lifestyle
    3 Savings Accounts
    Savings #1 - Emergency Fund
    Savings #2 - Long Term Goals
    Savings #3 - Short Term Goals

  • @chunk4520
    @chunk4520 7 месяцев назад +1

    How do you automatically transfer money into your different accounts

  • @julie1541
    @julie1541 9 месяцев назад +1

    Would you ever consider doing a video about how you invest? Do you use a particular app or do you go through a broker? How it all works etc.. Loving your videos!😘

    • @smileycitrus
      @smileycitrus  9 месяцев назад +1

      thank you! 🥰 tbh investing is something I'm still figuring out myself! We invest with commsec pocket personally

  • @EmsFitVenture
    @EmsFitVenture 9 месяцев назад

    The offset account is so interesting. I have a set interest rate that will not change on my home so we don’t have offset accounts in the US as far as I know. I would just have the option of high yield savings or investing into a brokerage for more long term.

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      that's so interesting! so if you buy a house with a 2.5% interest rate it will stay like that until you buy again?! that's wild!

    • @EmsFitVenture
      @EmsFitVenture 9 месяцев назад

      @@smileycitrus Yes! When you purchase a home you lock in a set rate like 2.5% for 15 or 20 or 30 years. If that rate was 6% like it is right now, in a couple years if interest rates went down you could refinance to lower your interest. I did that a couple years ago from a 30 year to a 20 year mortgage for a lower interest rate. It also removed primate mortgage insurance which is required by the loan servicer if you have under 20% equity in your home. The main changes that will occur with the locked interest rate is a change in home owners insurance or taxes if you have them in an escrow with your mortgage.

  • @emmawright200
    @emmawright200 9 месяцев назад +2

    Notification squad, where u at? Here from RUclips notifications! Already liked the vid EVEN b4 watching as I know I will ❤️ it!

  • @dollface1992
    @dollface1992 6 месяцев назад

    I bought your budget template :) However, when I copy the budget to make additional sheets, the visuals don't transfer properly. I can copy them and paste them on the new sheets but unfortunately they do not update to reflect the numbers on the new sheet. Any troubleshooting tips? Love your budget sheet layout by the way !!

  • @Mylenna
    @Mylenna 9 месяцев назад +1

    Do you have to put money aside to cover tax from your influencer job or does that come out automatically?

    • @smileycitrus
      @smileycitrus  9 месяцев назад +1

      yes, I automatically do before I pay myself!

  • @carolinelowery4671
    @carolinelowery4671 8 месяцев назад

    I love this!! Which budget template do you use!? I've been looking at all the differing options and am not sure if the 'highest' one is overkill lol

    • @smileycitrus
      @smileycitrus  8 месяцев назад

      thanks love! I use the Yearly 2.0 🥰

  • @Fresh_Flux
    @Fresh_Flux 7 месяцев назад +1

    Absolutely lovely decor and the content❤❤

  • @ronnaclemente
    @ronnaclemente 9 месяцев назад

    Hi! We are moving in a few months to Adelaide. This video is helping us a lot. ☺️ Would you mind sharing the bank that you use and the type of account? Thank you so much.

  • @shavanahskilton2071
    @shavanahskilton2071 9 месяцев назад

    How often do you go on the computer and add in your everyday purchases - like coffee, earring out, etc?

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      i'll typically do it every day or every few days! that what I can keep on top of it and know where my money is going ☺️

  • @allee541
    @allee541 9 месяцев назад

    Another nosy Nellie just like to see how it all works. Explained the offset well thank you. Any ideas I am using the template which I love but I have gone on today and my left to spend amount is different to what I have in my account. I have entered all my transactions so not sure where I have gone wrong.

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      oh no! did you enter something twice maybe? 🤔 sometimes i'll add it to the actual column AND the transaction tracker by mistake

  • @browsingmain5338
    @browsingmain5338 9 месяцев назад

    Do you have a Microsoft excel version of this?

  • @LissetteMaravilla-c6p
    @LissetteMaravilla-c6p 8 месяцев назад

    I need to start doing this! Which template and version are you using?

    • @smileycitrus
      @smileycitrus  8 месяцев назад +1

      Yearly 2.0!

    • @LissetteMaravilla-c6p
      @LissetteMaravilla-c6p 8 месяцев назад

      Awesome! Thank you for replying (: @@smileycitrus

    • @LissetteMaravilla-c6p
      @LissetteMaravilla-c6p 7 месяцев назад

      @@smileycitrus I got it, thank you! I'm trying to figure out how to edit the transaction names on the drop down list..

  • @laurenunsworth9322
    @laurenunsworth9322 9 месяцев назад

    Love this! We just started using this spreadsheet after finding your instagram! :) Quick question though, might sound silly .. but how do you input each pay check across expenses for example, if you’re paid weekly not monthly? Does that make sense 😅 like do you just keep adjusting the ‘groceries’ budget and actual each pay check? That was a mouthful haha love love your content! Xx

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      Hey! I just uploaded my monthly reset so hopefully that makes things clearer! but we add our pay to the 'actual' column in the income section and then anything we spend we add into the transaction tracker. Hope that makes sense! xx

  • @jamibanks9386
    @jamibanks9386 4 месяца назад

    Do you have a debit card linked to your bills account? For when you pay for petrol etc?

    • @smileycitrus
      @smileycitrus  4 месяца назад

      no! we put petrol on our credit card x

  • @jadevu904
    @jadevu904 9 месяцев назад +1

    WOW! I am so impressed with your detailed video❤First time to this channel! I love how you laid out everything, the beginning and the end you put in each month. Love this❤❤ I want to be your subscriber now! I’m also 27 years old, I’m in the middle of job transition so the income is not much like before but I started Emergency Fund beginning of this year, I feel so much better with Emergency Fund and I don’t have to stress so much. Do you mind to share with us about if you have any debt other than your Home Mortgage?

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      go you!! an emergency fund provides so much comfort during job transitions or financial uncertainty ❤️
      We just have a car loan! 60% paid off 🥳

  • @christierobinson8017
    @christierobinson8017 9 месяцев назад

    thanks for sharing! really loved the insight and breakdown 🥰

  • @VaneeScott
    @VaneeScott 7 месяцев назад

    Is this spreadsheet available anywhere

  • @Lou-ep1oj
    @Lou-ep1oj 9 месяцев назад

    Thanks, that was really helpful. I will definitely use some of the tips. All the best with doing social media full Time. God bless Lou

  • @ruebennomura9143
    @ruebennomura9143 9 месяцев назад +1

    Like your layfay routine n this video

  • @jeriheggie
    @jeriheggie 9 месяцев назад

    Nosy Nellie here 😅 I’ve been sharing our budget on my RUclips channel and it’s so fun finding others doing the same. I love this spreadsheet! Heading over to check it out.

  • @shavanahskilton2071
    @shavanahskilton2071 9 месяцев назад

    Can this setup be used on an iPad? 🥰

    • @smileycitrus
      @smileycitrus  9 месяцев назад

      I think so! as long as you have Google Sheets x

  • @CeliaGercovich
    @CeliaGercovich 9 месяцев назад

    Love this video!

  • @livandabbey2216
    @livandabbey2216 9 месяцев назад

    Yes we have 2 offsets!!! One that has a card connected with all our everyday transactions and then another which is like a ‘savings’ acct!!

  • @StefaniSavage0902
    @StefaniSavage0902 9 месяцев назад

    I just gave my two weeks!

  • @shantelwicks5892
    @shantelwicks5892 7 месяцев назад

    Ok its probably obvious or been asked lol but how on earth do i get the checkboxes & emojis in my bills list? 😂

    • @smileycitrus
      @smileycitrus  7 месяцев назад

      haha if you google "emoji keyboard shortcut" it will tell you how! depends on if you use a mac or windows x

  • @pamelajackson5573
    @pamelajackson5573 7 месяцев назад

    New subbie as of today

  • @alondracabello8963
    @alondracabello8963 8 месяцев назад

    can you talk about your business ? I want to look for extra income I work as a preschool teacher but have a drive to look for another income.

    • @kristinasophia5400
      @kristinasophia5400 8 месяцев назад

      A good portfolio can set you up on a passive income

  • @akulify
    @akulify 8 месяцев назад

    En el principio te estaba comprendiendo superbién lo que decías, pero de un momento a otro comenzaste a divagar lo que decías y perdí el contexto total del punto principal del video; me hubiera encantado que hubieras editado eso.

  • @YourRav
    @YourRav 9 месяцев назад

    I’m also a nosy Nelly!

  • @KattsLife
    @KattsLife 9 месяцев назад

    ❤❤❤

  • @catherinegilbert8312
    @catherinegilbert8312 8 месяцев назад

    😬 "Promo SM"

  • @killielila
    @killielila 8 месяцев назад

    MGG started as little nerd n grew to be sex symbol

  • @StrawberryMoney
    @StrawberryMoney 9 месяцев назад

    I am a budget girl 💯 so I thoroughly enjoyed watching as I edit my own content 🩷🩷

  • @kateaustin1357
    @kateaustin1357 9 месяцев назад +1

    Ah yay saw the notification and immediately started watching 🫶🏼 thanks for sharing this Ella! Congratulations too on your next endeavours, so exciting and can’t wait to see what’s next in store for you 🥰

  • @brooklynscott3088
    @brooklynscott3088 9 месяцев назад

    First! 🤍🤍

  • @budgetwithale
    @budgetwithale 7 месяцев назад

    i truly enjoy your channel! i've been watching you for a while and i just recently made my own channel. watching you has helped me so much! 🤍