I Don't Know Where All Of My Money Is Going!
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- Опубликовано: 6 окт 2024
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I feel like the call screener just saying “read the book and call us back” would have saved us all eight minutes.
Dave was also REAL quick making sure we knew the more expensive product was better. Always Be Closing.
Know your ABC’s
🤣🤣🤣
The most difficult thing about money is our temptations that we allow to control our lives.
ME! 😖
I think that the issue with the lifestyle of most people in the US or in any developed countries, is what’s considered normal is actually luxury, like eating out even if it’s just mcdonalds, or not making your own coffee.. i migrated here when i was 17 and stuff like that are considered luxury where I was born.. driving an airconditioned car and living in an airconditioned home are also luxury…
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@SammyIglesias4665 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@SammyIglesias4665 Clementina Abate Russo is her name
Lookup with her name on the webpage.
@SammyIglesias4665 You are welcome .
"No pizza tonight, you're $76000 in debt!"
*video breaks to Grubhub delivery ad"
I want to see a cage match between Dave and these Ad agencies to the financial death
Can't relate I have RUclips red. Best purchase ever no annoying ads. And yes I can afford it. I don't even see it leaving my bank account
Pizza is disgusting & unhealthy!!!🤢
I have been doing that from the first time i heard u..every month is different with birthdays etc
An annual budget??? That's almost as funny as "We have a house with no mortgage, but we're $76k in debt and want to build a new house."
Shoot, would be smarter to take a home equity loan for $76k, payoff the cards, and tackle the mortgage
What is wrong with an annual budget?
@@donaldlyons17 It's totally unrealistic for the average person/family. You have absolutely no way of knowing what unplanned/unexpected expenses might come up during the course of the year. Ever heard of emergencies??? When you own a home, things break and need to be fixed/replaced. Cars break. There can be unexpected medical expenses that come up if someone gets sick or injured and is unable to work. There can be job losses or reduction of income. There are WAY too many variables at play with an annual budget that make it nearly impossible to follow and stick to. A monthly budget is MUCH more sustainable and realistic.
@@jrwheeler81 I used to give myself a 14k yearly budget and that worked BUT prices were less than I spent on average so 2/3 of the money was spent each year from income on average. My point is a yearly budget works but likely because expenses for years remained similar.
@@BabyGators i agree.
Save your receipts and tally them up at the end of the month -- that will tell you everything!
Tired is one reason, having a solid reason is another. Having kids gave us the motivation to change our lives.
An annual budget??? Good grief
I know several families who do annual budgets, because the majority of their income only comes in the fall. They are very careful throughout the year and watch their priorities. Those parents know if they spend too much in the spring, their kids won't have new shoes for school in August. You bet they watch every dollar.
Annual budget might work for future vacations, events, house repair etc.
Update: They finally received "The Total Money Makeover" but then the dog ate it.
But what's the dog's household income.
@@summerdowlig That's part of the problem because the dog loves poker just like his Grandpa.
Sell the dog
😂😂😂
Dave was right at the end when he talks about being tired of being tired. I don't think this lady is tired enough yet? You know when you are you would do anything to fix it like your life depends on it. Anyone's who has been there financially or emotionally knows this and you have to have been there to know what that feels like.
I update my budget anytime there is a change in expenses such as: The cost of gas goes up; Utilities go up; Insurance goes up [house, car, medical premiums, cost of medications]. Hopefully you will get raises or bonuses that trigger a budget update too. What you don't do is change your budget to allow yourself to waste money on wants vs needs. Once financially sound [no debt] then you can upgrade to include some wants, but do so in a responsible way so a financial nose dive doesn't occur.
honestly for someone who does not have a mortgage she is in crazy debt.
Yep and she doesn’t sound young. Need that gone asap
Some people HAVE to spend every penny they make PLUS more
i was shocked at the debt she had...then she said NO mortgage?? that kind of debt creates all kinds of stress. I know firsthand, been there done that.
You had me at Beans and Rice...good stuff! Budgets are easy...staying on them is hard. I'm a big data collector, lots of details. This will tell you who you are and where your money goes.
She doesn’t WANT to fix her issues. She wishes they can just get fixed.
I agree, Ricky. She may somewhat start but I don't think she is going to be fully committed for another few months.
She is like me
Dave ,rice and beans is my fav, that advice ain't for everyone !! Well everyone knows what to do, I am signing up FPU
I love George 🤣 he is so quick with his responses, love the humor!
I look at and keep my monthly budget up to date daily. It works amazingly.
Yep I take a look at it after every purchase. Make sure it lines up and nothing's been compromised
Same!
That too much.
Same! I switch it up frequently- to make sure my budget and financial goals stay on track.
@@plummerofficial Not everyone will be able to do that sadly. The problem is a lot of people are suffering out there right now. All the jobs are drying up and people don't know where their next meal is coming from. People are going through a tough time.😞
This is not Amazon customer service!
Nobody knows where their money is going🙈
Dave Ramsey and his team of personalities changing the philosophy of America 🇺🇸!!! God bless you folks!!!
I've never had a budget. But I also live waaay below my means. 😃😃😃😃😃😃
How do you budget for things that are not a fixed amount every month?
How do you stick to a budget when you have the freedom not to?
What about those of us who are already debt free but with a low income?
Get your income up :)
@Unknown Freedom delivery pizza, Uber, rice and bean, bean and rice.
@Unknown Freedom @JML I have an investment account and no debts but even with no debts these days by the time I pay for all the insurance I need which is, workman's comp. general liability, homeowners, health, and auto, and pay the taxes I have to then live out of what's left it's still tight. My work slows down in the winter months and I usually have to use some of my savings to make ends meet in the winter. I have gotten a job in the winter time before to make ends meet but they are usually just minimum wage type temporary jobs. I'm a self employed painter and painting doesn't pay what it used to because all the illegal immigrants have driven the prices down and I've been doing the same job for 30 years and I can't get a job working for someone that would pay more than I make and I don't have enough time to get a second job during my busy season. I've been working a good financial plan since 1992 and I first heard of Dave Ramsey in 95 but I was already doing what he teaches and I didn't even buy a house until I had saved up the cash and that took me 25 years to do. By the time I've gotten everything a person needs without any debt my job no longer really pays enough to save up for any significant retirement and the only reason I've been able to do that much is because I never married or had children. I'm 54 and going to college is out of the question because by the time I got a degree I would be retirement age. I'm not the college type or I would have done that when I finished Highschool anyway. It's just hard for the working class when people had rather hire people that are here illegally that doesn't speak our language and does inferior work because they are cheap labor. I would like for people to know that there are some of us out here that are following the rules and doing everything right and still have to be concerned about money. You don't get rich unless you have a very very good carrier or find something to sell on a national platform like FPU....haha. My house is paid for and I've always driven trucks and vans I could pay cash for but I'm getting the same prices for my work that I did in the late 90s and early 2000s. Everyone that has hired illegal immigrants has played their part in robbing people like me. When I got into painting if you worked for yourself you could make as much as if you went to college but that's not true today; not even close. The industry I'm in, the housing industry, collapsed out from under me. This is also why there is a housing shortage with inflated housing costs.
Get a higher income. Invest in Roth IRA, HSA, and 401k and Roth 401k.
If you're debt free including no mortgage, then DON'T WORRY. You can literally just live your life. At some point, your retirement savings will grow faster than you can add to them, and then you're on easy street.
It's Amazons fault. Amazon doesn't send the wrong book she just needed a excuse.
Even if they did... there is a wealth of information online.
All I heard was blah blah blah ... I'm lazy and I don't wanna. 🙄
Yes they do.
They send wrong items all the time.
@@jimmymcgill6778 it was a 🐂💩 story most people buy the Kindle it's much cheaper
@@djpuplex 💯It was an attempt at FREE stuff!
I find the best budgeting practice is to approach it this way:
- If you are a beginner, you need to check that thing once a week or more.
- Especially if you have no financial knowledge or experience
- Once you get going then you can move to just once a week or once a month
- After several months and you have the debt paid off or almost paid off you can just go once a month for only 30 minutes to an hour in budgeting!
Better than i deserve!
Even though I’m on BS3, I need this kick every now and then
Me too
Well if you don't know where your money is going that's why you're in the problem you're in lol
Depends on if they don’t know but are making multiple times what they spent. In that case not knowing may not matter!!
@@donaldlyons17 I make way more than we spend...but I still know basically where my money is going. Why I don't even use a budget cause I know what we spend and what we make is pretty much the same every month up or down a few thousand on some months. But if I had no clue what I was spending or Making that's a big issue.
@@tristan2332 What do you mean I used to live with a dude whose budget never worked!! The problem was that he did not pay his bills in full and on time not he did not know where his money was going!!! I don’t care about where the money goes or comes from as long as there is plenty of it accessible.
"I'm sick and tired of being sick and tired with our money!" That's what happened to my wife and I before we got on board.
Most of it is probably car debt, sell the cars.
this caller doesn't get it. you need to motivate yourself. don't call dave for a "pep talk". next!
If she is not self motivated why not call for a pep talk?
Dave wasn't hard enough on her to get it. She will get to her breaking up point eventually.
When you have problems you should e to face them head on , you want your funds intact well try investing ins something that will yield more cash backs!! Your won’t regret it
Been a nurse for 21 years straight and struggled with practical money conservation ,but got clear of it with investment via local firm stocks (thanks to Valerie )she mad that possible I suggest she does the same!!
After I got upto 300K trading with Mrs Valerie Anne Yarvin.I bought a new House and I'm now able to send my kids to a better school in the states thanks to Mrs Valerie Anne Yarvin . When someone is straight forward with what he or she is doing people will always speak up for them.
I have heard a lot about trading and Investments with Mrs Valerie Anne Yarvin, how good she is and how she has helped people through investment.
She's awesome, perfect and a genius. I've made up T0 $162,050 trading.
HOW!!😊 I know it's possible, my sister always get 40K every week, I would appreciate if you show me how to go about it.
Your annual take-home pay is more than your debt and your house is paid off?? Come on...
rice and beans..and RAMEN NOODLES
Nowadays even rice and beans are too expensive dang...
I’m out of debt but I still love ramen noodles. Soy flavor
I budget every paycheck that how it works
Budgeting doesn’t work for me. I stopped doing that years ago as I found it such a waste of time. I just don’t buy things I don’t need. I’m a good cook so I rarely eat out. I make my own coffee. I just keep things simple and minimal and I live way below my means.
True
Budgeting is for people who don't know how to control their money.
I'm the same I have no budget just live below means naturally.
I mean, good for you?
But imagine if you knew where every penny went and made even better choices with your money.
But you do you.
NO, do not stop your retirement.
Jimmy/Saul, that depends, are the wolves at the door? Your advice sucks
I agree , she should not stop her retirement
Says the broke bozo with 5 subscribers
It’s just temporary. It’ll be fine.
@@arozb5586 You think subscribers have anything to do with anything? Even when you don't make videos?
It seems like a lot of the people who call in basically need a kick in the pants. It's like someone who's overweight and finally decide to go get a personal trainer. They know all they have to do is stop eating cake and go jogging to lose weight but they need that motivation. Most of these people know that to get out of that debt they need to spend less and stop buying things they can't afford. But they just need someone to directly tell them. It's like dealing with children
It's a huge lifestyle change for some because of how out of control their spending has always been. All of a sudden you have to be OK with not constantly getting new clothes, new tech, making time for and learning to cook your own food, etc. So yeah pretty similar to what you said, if someone's been eating junk for their entire life...it's much easier said than done to stop, eat healthy, and exercise regularly.
Dat twang doe😂🫠
I got a little saved up but I have been investing in collectables for years and they are going up in value but I am going to stop buying and start saving more for a rainy day.
That’s not investing. That’s speculating. You should look in to getting a Roth IRA instead.
Sell and use the proceeds to start an IRA
This lady is literally willing to wait until she receives a book to start lol
What are some good (free) budgeting apps? I tried mint and didn’t like it
We just use an Excel spreadsheet. It works great.
Been using every dollar for years it is set up a bit better then it used to be haven't looked into the is but the free works plenty
" life changing " 👍🏾
He’s spending it @Bunny Ranch … 🙋🏼♀️
Discipline and self control is key in budgeting and spending ❤️👏🏾
Ruth Langmore?
I sound crazy but all the time you need to pray over your monies before you spend them . It prevents the enemy from taking its filthy hands off your finances. You can tithe too. Much better
How does praying over money effect how it is spent?
@@donaldlyons17 Good question. It works though. I believe the Holy Spirit leads you and gives you wisdom on how to use it wisely. You can try it .
This lady drones on.
Hurry up lady!!! 😂
No mortgage and your annual take-home is more than your debt? This sounds like a case of sell the cars and be debt-free in less than 6 months
A little over thirty years ago we got our first PC. I bought Quicken software and now have over thirty years of records showing everything we spent and what we spent it on. It seems more useful for me than a budget. As Dave said in this segment, "Every month is different." An extreme example is the plumbing leak we had a few weeks ago. The plumber had to tear into the drywall to fix it, so it took a carpenter to fix the drywall, over $4000 in total. Dave would say to use the emergency fund, but it really wasn't all that much money, just not able to be budgeted.
Bro, learn to do plumbing and fix drywall. At the very least how to patch drywall, it's not hard.
@@peeonthe3rdrail414 I did such things when I was younger. Now I'm seventy-five and moderately wealthy. The cost doesn't bother me but it was an example of unanticipated costs.
@@michaelwoods4495 Fair enough, I was lucky to have a father to teach me such things and it has saved me a fortune. Currently paying off in spades now that my disposable income is extremely limited with two little ones.
So, you’re not familiar at all with Dave’s plan. That is not an emergency, nor does it qualify as one. That’s a budget line item: home repairs.
Your house will need repair. Your car will need repair. So when you do your budget, you have lines for those things. You put money aside for them so when you need it, you pay cash.
Your plumbing issue is 100% budgetable!
See the difference between just tracking what you spend and budgeting your money?
monthly budget because every month is different 🙌🏾🙌🏾
Hhhh funny but sound true
Please lady do not stop contributing in your retirement. You make enough money to handle your debt. Never stop contributing into retirement people for anything this is your life saving. Dave is wrong on that part.
I thought she said she already built a house because she had some family land and now she wants to build another house? I guess I'm confused.
I wonder how Dave manages his frustration that people like you his exist combined with knowing because they are there his company will be golden forever . Who is this - who calls in and says I just want to be pushed in that direction . Go be an adult
Dave Ramsey is so full of it!
full of money
Good advice, yes he is!
Full of great advice!
Why? I don’t agree with everything he teaches but he’s not “full of it.”
Full of great guy stuff for certain! He's the Papa!
Happy wednesday
Thanks and to you!
The shpeel about amazon and the book…what was the point
Never liked the budget system.
I use the pay your self first system and it’s super easy and works super well
I actually don't really budget but I also don't spend money.
@Wyatt Potter are you alive ???😂
@@susanedghill609 What do you mean?
@@wyattpotter2103 as long as one is alive one tends to spend some money......i believe what you truly mean is that you are very careful and i commend you for that......
@@susanedghill609 Thanks well I do spend some money but very very little. I did buy a Tesla though because when gas was cheaper my gas spend would be $500-$-750 a month and would be a lot more now but besides that I don't really spend money. And I only did that because the gas station was super extreme in my situation.
What's the purpose of working too make money if not to enjoy some of it?
I ask myself how do I manage yes I do need to budget but how? I try to save but it’s hard and yes I need to be projecting better.
Budgeting can be hard at first. It takes time and practice. And a lot of grace!
those maple donuts are dangerous
She's really hung up on that book isn't she LOL she's using that as a red herring to her real issue
You cannot adjust your taxes, because most people income is different every pay.
And who in America does not understand this? Jimmy/Saul
@@alinatamashevich3354 Seems like Dave doesn't understand.
I'd rather over pay, and get a refund. Than underpaying, and have to owe them.
@@jimmymcgill6778 Dave fully understands, it is you that does not. Taxes are a pay as you go system, not pay later system. You can be charged with under payment of taxes. Good luck with trying that.
@@alinatamashevich3354 That's what I'm saying.
I wouldn't want to get any surprise bills.
@@jimmymcgill6778 What Dave said as well, and it is a big surprise!
All you broke people whose receipts blow across store parking lots, that was our starting point. Keep them, categorize them and track your spending. It’s where you will figure out where your money goes. Then develop your budget using these Cash Envelope categories WITH LIMITS. Then add in bills, savings, and sinking funds. It’s worth it!!
Or you can put aside like 30% of what you make and just easily live on the rest.
@@markg999 Yeah your idea is a f**k ton easier!!
@@donaldlyons17 Well you gotta make a decent income first...but If you do it works and easy.
Daily budgets
I do find it helpful to have an annual budget, and break that into months. Because for instance, I don't have any heating costs during the summer, but if I don't set aside money for oil during the summer months then there isn't gonna be enough come winter.
You need to go through the everydollar budget....
The every dollar doesn't have designated categories to save ahead for future utility bills, which is what I'm talking about.
I've tried it and I prefer to use a spreadsheet.
There is a feature (called funds) exactly for this.... It does exactly what you are describing (which is actually just monthly budgeting)...
Get to the point....lol
$90-something thousand a year. Debt is under $80k. No mortgage. You can make do and pay it off within the year. Cheap cars, no fancy leases. Or even keep the cars - their income and outgoings balance is quite nice.
15 months tops. That leaves more than enough to pay the gas, food, utilities. No second job needed. Just no frivolities.
Ya, get outta debt then save up a “pile of cash” to buy home. These guys are delusional
The whole beans and rice diet is what my parents did when i was a kid.... turns out all the carbohydrates and no protein DESTROYED all of their kids health. Now i CAN'T eat those things. I have type one diabetes with adult onset despite being super healthy and in good shape and the diet i have to keep is sooooo expensive. The same is true for my brother's and sisters and we have traced it to our childhood diet😢
Beans contain protein.
And he doesn’t mean literally. He means change your shopping habit and only buy what you need.
@@BlueDauntless beans have about 15gm of protein per CUP along with 45gm of carbohydrates making a terrible source of protein for diabetics limited to 100 gm of carbohydrates a day with a 100 gm protein requirement. The only viable sources of protein for someone with those macronutrient requirements is a high meat diet.... meat is expensive. And he means change your shopping habits as in "don't eat meat". But that's not a realistic option for a lot of people. I challenge anyone who thinks they can come up with a 100carb/100protein a day meal plan (soy, gluten, peanut free home due to allergies) for a family of 6 either without meat or for less than 1000 a month to post it here. I don't think it can be done. Caloric requirements are about 1600 a day when balanced between adults teens and small kids.
so many details that mean nothing...this is asign of a person who WILL NOT AND CAN NOT follow simple instructions.
She will fail FOREVER.
For her they are not “simple” that is a problem already.
If you don't handle your business, your business will handle you......guaranteed
“If u think we’re wrong u are”
Dave
Still don’t get why MR FOLDING ARMS has to mock people with voices and yelling. Be humble old man!
Get. To. The. Point.
Only Jesus sets people free!
And Abe Lincoln
And Michael Jackson!
She kinda sounds like a “Karen” when it comes to her finances, an attitude change might also help.
Are u a minority
Yeah, I got the same impression. She sounds a tad entitled.
@@veeno3983 - Are you?
How can we best help?
".. I ordered your book on Amazon and they sent me the wrong one...
💀
Imagine getting on the phone with Dave Ramsey and wasting his time with the irrelevant Amazon stuff.
Get. On. A. Budget.