How To Make A Budget | Budgeting For Beginners | Aja Dang
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- Опубликовано: 7 янв 2019
- Hey everyone! I'm Aja Dang and after an entire year of budgeting and paying off debt, I finally put together a How To Budget video. I didn't want to go too in depth into budgeting for those beginners - I didn't want to scare, overwhelm or confuse you. So hopefully these basic tips will teach you how to make a budget and save money.
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•BUDGETS•
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Aug - Nov 2018 Budget: bit.ly/2O8utcu
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Hey everyone! I wanted to make this video as simple as possible (without scaring some new budgeters) but I do want to add some answers that I feel you all might ask:
1. I paid off my loans from smallest debt to largest. It didn't matter what the interest rate was. Paying off debts smallest to largest has allowed me to feel the confidence of paying off loans, which has driven me throughout the process. But you do you.
2. I don't do a zero-based budget (meaning you have given e.v.e.r.y. single cent of your money a place to go before the month ends.) As a freelancer, that makes me really uncomfortable as my income isn't guaranteed. So any income left after completing my budget is thrown to my loans and then I keep a little cushion in my bank account every month. That "cushion" really depends on how confident I feel about the amount I'm getting paid next.
3. I also have a $10,000 emergency fund. Dave Ramsey suggests $1,000 but again, as a freelancer, I've had months where I wasn't paid ANYTHING. zero. So this emergency fund + the cushion I leave in my account each month, makes me comfortable enough to throw as much money I can towards my student loans.
I think that's it!
Girl, your intent is pure but please tell me these are not real numbers on your budget. My concern is that you can become a target for thieves.
@@brittneyoquendo7018 I've been using real numbers since Jan 2018. Not going to be one of those RUclipsrs who talk about budgeting but don't show the whole story. Thanks for your concern, but since they know all my money is going to debt vs. bags/cars/clothes - there is literally nothing of value they can steal from me lol. I think I'll be ok.
Aja Dang you could see if your insurance has protection against identify theft. A lot of RUclipsrs become targets, it happen to Graham Stephan iirc
$1000 for an emergency fund seems really low to me even as someone who is not a freelancer and has the same income every two weeks. There are so many emergencies which could easily add up to more than that. I think you have the right idea with your number.
@@HecticSophie do whatever you're comfortable with. I find that when you're comfortable with your emergency fund, the more aggressive you can pay off your debt
This video was so great, it made complete sense! I am a 19 year old college student in NYC. There's the joke that it costs $100 just to step outside in New York, but it is really true. I was lucky enough to learn about financial literacy in high school , however I still make mistakes. I stopped budgeting last year and by the end of the semester when I realized I had only $200 in my savings, I decided to take a look at my bank statements- you're so right, it's terrifying! I had spent over $2000 shopping and eating out in just 3 months. It was a real wake up call and strongly encourage people to look at their own! Starting the New Year I am making it my mission to be more diligent with budgeting again, this video clearly explained your process and I was able to take a lot from it. And she is very right about budgets being customized, they are different for everyone. Listen to Aja, she knows her stuff! Again, great video!!
Congrats to you for realizing it early on! One thing you have is TIME! I realized my spending habits as well, but not until 1 year after graduating college! I had my fun, but quickly regretted every poor purchase decision I made. Spreadsheets are so great to see all of your money laid out right in front of you, it definitely hits different!
you are the Marie Kondo of money, I love it
caraavery omg - dead
I heard $2000 every two weeks and cried. Lol I WISH. *sigh*
Right. Sometimes I don't even see $2,000 per month 😂💸
My heart sank😂
Lmao yesss, I was like oh 😅
this video is what they need to teach us in school ! thank you
hmm... side hustle idea: sell off video content to schools to use.
@@AjaDang you could actually do that. i had a professor do nothing but show us john green videos
I believe that!!
They wouldn't want people to be smart adults. They like to keep us all stress filled and held down with anxiety so we're distracted... but I 100% agree
I don’t know how many people weren’t paying attention in school, but stuff like this was definitely part of my curriculum as well as IRAs, and there were optional stock market classes, etc.
Hahah im glad she said "pay attention to what I'm saying" at 2:08, cuz i was looking at the open drawer im the background. Is that candle lit!?
I was reading this comment when she said that, so I'm glad too :D
😂😂😂
Thank you for posting this. Freelancing and coming up with a budget is so confusing for us sometimes. I currently trying to focus on a no buy the first quarter to just evaluate my emotions and mentality towards spending.
So much of all my problems stem from this.
THANK YOU for making me feel better about talking about money.
Aja, I just wanted to say thank you very much😘. Thanks to you I have took my financial freedom seriously, I have my budget now and plan what and how I want to save. I have only mortgage to pay, so I am not in a bad situation, but my money were just disappearing each month without me knowing how and why. I was not controlling it at all. Thank you for empowering me. Also I got myself passion planner - it is fantastic. Thank you so much Aja. You are awesome, keep up the great job and take it easy, don't be to harsh on yourself. You should be so proud of your last year financial journey. Best wishes.💪👍😁
It sucks that I make a lot less working as an intern and going to school full time. I got a second job because my first income simply isn’t enough to cover all of my rent, utilities, car insurance, and dog food expenses. Girl I am struggling but at least I know where each penny is going.
I'm sorry you're struggling girl but at least you're being responsible with what you have. A couple things: when I was in school, I was a resident adviser, and that gave me free room and board. Maybe look into that for the next year? Also, I learned this a couple months into my journey, I was working about 5 different income revenue streams and I was really burning out. Then I decided to drop the ones that weren't making me a ton of money and focus on the ones that did. Have you thought about looking at other income options that help you cover costs and allow you to only take on one job?
Aja Dang My rent increased significantly after one of my roommates decided to move out right after we renewed our contract (wasn’t prepared for that tbh) but I’m hoping that my internship at an investment firm will pay off in the long run so I get better paying opportunities once it’s over. I think right now I just have to sacrifice my time working that second job so that I can cover my expenses 😅
marie p i feel your pain girl, we will make it !!
If you really wanna see where every penny is going you have to use this tool that I explain in a youtube video on my page. It has be A GAME CHANGER!
marie p So how are u now?
My biggest budgeting vice is coffee. For me, I spent way to much at coffee shops and although its great to get out and all. I could always make myself a coffee and go for a walk or something.
Starting out fresh this month 🤗
yes! Make yourself some coffee every morning, but maybe once a week you treat yourself.
Some coffee shops offer a discount if you bring your own cup! The one I work at charges 99¢ for a cup of coffee if you bring your own cup. If the environment is what you crave you can save so much by doing this!
Hi,
I could totally relate. I was spending anywhere from 150-300 on my Starbucks and Dunkin’ Donuts habits. I bought a Keurig with a latte/cappuccino maker and portable mug. I use K pods and an amazing creamer. I now hate buying and regret my habit. I highly suggest you invest in one. You won’t regret it!!!
Could you please post a video on how to create this excel sheet?
I've liked this comment. However I do know that It's on Google Sheets. I've created a few Google Sheet documents however I'm not that great at formatting the formula's. I can type until the cows come home, but not spreadsheets. Look for the little green logo in your google profile.
LOVE all your budget/ financial videos!
You’re journey has motivated to finally take control of my finances. And this is the best budget video I’ve seen. I love that you’re not so militant and strict and understanding that we all have different priorities
With the help of this video, I now managed to compile my first ever legit spreadsheet budget. As a freelancer myself who also struggles with un-even months and cashflow, I had no idea how to go about it and this video finally helped me make sense of how I can really budget and for the first time actually dream of future goals. Thank you so much for all of this! It's super helpful!
I really enjoy these videos, Aja. Seeing how you organize your finances and tackle your debt has given me some ideas for what might possibly work for me. I recently set up a separate account for set expenses (my monthly and semi-annual/annual amounts, from the huge things like rent, to the smaller ones like iCloud storage). I tallied up what I needed to set aside for those per month and halved it, because I get paid every two weeks. I have that amount direct deposited into my expense account, and then the rest goes into my regular checking for groceries, eating out, etc.
Having a pool of money to draw from that grows larger and larger if I don't spend it as really helped me curb my impulse purchases, and at the end of the month I just throw whatever I have left in there toward the car loan I'm trying to pay off (I have the same emergency fund you do).
Watching your journey has been really inspiring. Thank you so much for sharing it with us!
I totally agree with you on how you did that. Having a pool of money sit in your account (even if you know where it's gonna go eventually) is so tricky with your budget! Just having it there can screw up everything. Glad you found what works for you
@@AjaDang Yeah, it definitely took me a long time to switch from "look at all this money I can spend!" to "look at how much I can pay off at the end of the month!" A couple of years ago I could not be trusted - now I can, LOL.
As a freelancer, I am SO GRATEFUL for your finance content!! So helpful and informative, and always so real. Thank you!!!
Thank you for your budget videos. I recommend these to people who have financial budget questions because you clearly explain a budget system, the logic you used, and wrap it up by relating it to your personal experience which makes you easily relatable.
Much needed video!! Just finished the total money makeover because of you! You are such an inspiration!! Thank you 🥰🥰
I thought you made sense. You were realistic with what you found worked, what needed to be tweaked, and what you're still figuring out for yourself. Even though I track my budget electronically, I find my mind works best if I write it all out and do it ol' school, too. Thanks for doing this vid!
Your budgeting sheet is very useful, I've started using it and looking through my expenses during these last months i'm just shocked because i never realized in which categories i would actually spend the most. Thank you for your transparency girl!
You're good at the income part. :) It is good to do auto debits. I don't have to think about it. I do look at my projected balance quite often. I can see changes I need to make to keep from crashing and burning as I like to call it. Or see where I'm doing well with a bit of lift off.
I just want to let you know that you've inspired me to start budgeting so, THANK YOUUUUUU!
Hi! I totally agree with you about the learning curve of budgeting. Everyone has a unique experience and situation in terms of their spending and saving. And what’s really interesting is you get to learn about yourself more when you are budgeting. Thanks for sharing what you know or your experience in budgeting! ❤️
Love it! So inspired girl. I am on mine too. Can't wait to get it going as well. This help so much.Thanks love for sharing.
Being a free lancer myself I have to say I find all these tips super helpful
I needed this video so much! Thank you so much for sharing. Trying to start off this year strong towards my own financial freedom and begin paying off my student loans. Growing up with immigrant parents, we never spoke about finances other than the struggles we had to face. When I started college, my parents took on loans to support me and now that I have a job I want to be able to attack these loans and help my family. I plan on going to law school next year, so knowing that I am understanding what I am signing up for is helping me so much! You’re such an inspiration and i always look forward to your finance videos. :)
you got this! Change your family tree by being debt free!
You are truly inspirational! Such a crazy small world! I work for an airline and recently flew with your mom to London! I love her and I look forward to seeing more videos like this. Working to pay off debt and buy a house sometime in the next few yrs
This is the type of content the world needs. Thank you so much, Aja!!!
This was soo informative. Thank you!! Watching this along with your other videos has kept me motivated because it is a learning curve.
As I was watching this video I'm thinking ugh my food budget is out of control. I can't boil water & am a danger in the kitchen.Food is the black hole in my budget. Then Aja explains food is also the black abyss in her budget & the sweet spot on the QAPITALapp is was the answer. SERENDIPITY! I immediately downloaded the app & feel confident I can nail this budget thing. Thank you.
Hi Aja! I found you through my recommended videos a few weeks ago and I'm extremely happy that I did! Because of you, I've become a very avid listener to the Dave Ramsey show and have finally started taking my debt seriously rather than waiting for them to disappear after 8 years. If you ever do a meet and greet tour in the future, please come to Seattle so I can thank you in person! :)
Really enjoyed this-super helpful (and I’ve seen a lot of budgeting videos). Definitely going to look into Capital. Thanks!!
Perfect way to start the year!
Awesome video! If you want to succeed, you need to create a budget. Without a budget, you lack focus and direction. Budgets not only allows you to take control of your financial direction; it also provides you a benchmark for determining whether you are actually succeeding.
Thank you for helping me get back on track Aja!!!
Thank you sooo much for this video!!! Super helpful and encouraging. Food is my worst place in my budget too. I am going to try out the capitol app and see how it works. Thanks again 💜💜
I love these videos!!! They're very helpful, I bought dave ramsey's book after seeing your video last year, I definitely need to go back to it.. you've been doing so great, I need to be more consistent! HNY Aja!💖💖❣❣💖💖❣❣ from Oakland Ca
The first video on budgeting I have ever watched. 10/10 no long words or unnecessarily convoluted equations. Thank you
Aja, I love your budgeting and student loan videos so much! They really motivated me to look at my student loans and finally take a look at the one area of my financial life that scared me and that I ignored. I spoke with Joshua yesterday and I had the exact same thing going on with Nelnet tacking on crazy interest after my deferment and just totally taking advantage of my ignorance of the situation. So he's helping me consolidate and I just wanted to thank you for talking about this, I know it's so hard to talk about and face. I don't even want to know how much I would have paid in the end if I would have just stuck with Nelnet forever. Thank you, thank you!
Ashleigh Henry I love Aja’s budgeting videos too and actually started my own RUclips channel on how I’m paying off my Civil Engineering student loans while saving for a home. My strategy is to give myself a weekly allowance and the remaining goes to savings; I’d love it if you’d check out my recent video and tell me what you think in the comments! Happy budgeting! Naomi Latimer 💕
Its good to see someone talk so openly about money. This helps a lot
Thank you so much for this video! I recently graduated college and am trying to tackle my student loans and this was a great baseline for me to go off of!
Very informative. Thanks for sharing your budget techniques and your honesty! I’ve been watching Dave R.’s videos and learning a lot. I’m thinking of investing stock next.
Love your hair.
Thank you so much for your videos! I have been following Dave Ramsey for about 1 1/2 years, but started watching your videos. It has really given me the extra push to tackle my debt even more. I have $50k in student loan debt and will start working on that at the new year. I am excited to pay off a personal loan this month (maturity date was 11/2023!). Thanks again!
Thank you Aja for posting amazing videos! You have inspired me in my journey to be debt free like you! Keep up the good work!
Love this!! Thank you for being so transparent and honest.
I loved watching your budgeting process, Aja! I enjoyed seeing a freelancer’s perspective. The good news is there’s no single, correct way to budget. You have to do what works for you! -Akeiva
The Bemused: Making Sense of Money 💰 exactly! As long as you stick to a budget, it works for you!
I am just getting into budgeting and Dave Ramsey's philosophy. I have so many questions because just like you said, budgeting is a learning curve. I liked your tip on budgeting around your slowest month and the tip on looking line by line at your bank account for the past 3 months to figure out an average spending amount for each category in your budget - super helpful advice for someone who is struggling to figure out how to go about a new budget lifestyle. I'm definitely going to check out the Capital App you mentioned because tracking debit card transactions adds so much time to figuring out my budget.
Love this type of video Aja! It inspired me to make my recent how to budget video after saving more than half my income last year!
WOW I wish I was taught this in school. Thank you so much this was SO helpful :)
Thank you for the template! I'm literally just copied yours and going to use this to pay off my $15,000 student loan debt!
I hope you were able to pay it off! I actually paid $10,000 in debt within the past year as well
You can do it!!!
This was SO helpful!! Thanks so much.
Ahh I just graduated from university and have begun a freelance career with multiple sources of income. I've been trying to budget but honestly just don't have a clue where to start. Thank you for this video, it was truly informative.
stepping into uni next year, this is so helpful. Thank you for this video!
This is so helpful, especially the monthly income. I work part time, go to school full time and currently looking for a second job. My monthly income is always fluctuating, specially now more than ever because they have been cutting not just me but my coworkers hours
Love love love this!
Thank you for the PDF file! Im using it as a side for my budget 😊 idk if you knew but you're missing July 2019 on your spreadsheet thanks!
This is honestly really interesting, thank you!!
With how this year have turned out to be, getting into Investing to create a passive income should be every wise man priority💯
Totally agree !! 2020 taught me a lot
I'm tryna boost my passive income by investing in Crypto, but I'm bit of an emotional investor and in need of an Investment advisor to guide me through so any good recommendations will be really
@@mauricio2071 I always invested in passive income over the years...i had invested in Crypto during the Covid19 lockdown. Trading was difficult for me which led me several losses until i came across a regulated Investment advisor 'Sandra Willis' who guides me through with her expertise and within 6 weeks of my investment, I made over $95K in profits with a capital of just $10k. you can check her webpage sandradeborahwillis.com for more insights or contact her on TeIegram @Sandra_Willis
Warren Buffett - 'If you don't find a way to make money while you sleep, you will work until you die.'
@@joaquinmiguel4507 Mrs Sandra Willis is the stock broker that assist me with my investment, i came across her on a CNBC interview and she's been my reason for my now financial freedom. I'm happy seeing this here
You’re budget videos are so inspiring and have pushed me to make my own RUclips videos on how I’m paying off my student loans while saving for a deposit for a home! My approach involves a very simple budgeting tactic which helped me pay for part of education while I was getting my civil engineering undergrad. I like to calculate my expenses, give myself a weekly allowance to spend on food and anything else I want to purchase and then whatever is left goes straight to savings. I’d love for you to take a look at my most recent video and give me your opinion on my budget and see if you think my weekly allowance is too high, I feel like I’m too harsh with my budget at times! Thanks for sharing your journey 💕 Naomi Latimer
great tips! thank you for sharing. I have been thinking of using capitol or something like that to keep sinking online and not on hand.
I needed this so much omg GOD BLESS YOU😭😱💕
Hi, I have posted a similar video as I believe managing your finances is such an important topic. I would appreciate it if you could check it out! Your support would really assist me in continuing to education others. ruclips.net/video/GpdkNmRQdWY/видео.html
Thank you for this video, but one question since you were talking about apps. What do you think about “Twine”?
THIS HELPED ALOT !! Thank you 😭
you're awesome!!! thank you so much for making this vid.
God bless you for this, so helpful!
i watch this video every so often now to refresh my budget!!! thank you aja!!
Thank you, Aja. Great video! 😚
Thank you for this helpful video, Aja. Love it
Such a great and informative video ! Thank you 😊
Thanks for the inspiration! Was having a tough time get back on track and didn't feel like I could do this. Taking it one step at a time as you recommended in other videos. Baby steps. 🌊🤙🎨 I follow Dave Ramsey as well but fell of the wagon. Keep up the great work. 😁 Congrats on your engagement!!
you could tell how Aja's self-confidence is growing through the progression of her debt free journey
You are gold! Thank you for the advice!
Like you knew I want see that video from you! ❤️
Thank you so much. Brilliant video. I am a newby to excel and creating/designing a budget. I am gettting confused with all the formulas etc as I have 4 checking accounts and I don't know how to budget them all together and link them all up as one. I have scrapped the old budget btw and starting afresh. New beginnings. Thanks again Aja.
Thanks I am just getting home into budgeting and these tips help. As an entrepreneur I find it difficult to budget but how you explained it was awesome. Thanks
you're welcome!
I luv ur transparency
I love watching your money related videos! I am doing a no-spend year for 2019 so I need all the motivation I can get! I am excited to see how much money I can save using the no spend year (I'm competitive af so I want to get my savings account as high as possible ahah). 2019 will also be my last year at university so I really want to have a large amount saved before I go out into "the real world" haha. I already have a decent amount saved since I have had the habit of savings since a young age, but recently my spending has got out of hand so I am doing the challenge to get myself back on track. I will graduate with student loans but I am insanely lucky that in my country student loans are interest free which is a lifesaver (I still want to pay it off as soon as I can though)
Jess Marett kill it girl! I’m doing the same thing. 8 days in! Lol
2019 is coming to an end! How did you do? I'm really curious!!
Thank you! I'm a big fan.
how did you make you're docs? I just got it yesterday and trying to find out how to use it now.
Thanks for this! ♡
Do you have a printable version of the monthly budget percentage chart?
Uses Dave's tips... instant like! :)
Haha I feel ya I just uploaded a video on a no interest for 18 months promotional rate that expired on my budget and OMG over $1,000 was added to my overall debt 😢. By documenting my journey on my channel, it’s been helpful keeping me accountable, but when having setbacks like this uhhh it can be disheartening. Just seems like I can never get it right. Love the step by step process! 👍🏽 great vid!
Hi Aja 👩🏽💻... Thanks for this series of informative content. I was using the Mint app and it’s horrible. I will definitely give the Capital app a good try. I also have Chime app to transfer money to save for my Grocery & pharmacies budget.
Red stone of Aja
Hey Diva! This was great!! I am a new makeup artist business owner and I am starting my budgeting system so this was a Fabulous Intro to the basics! Helps me to get started. I was planning on getting a capital account and this video confirms that. I want to save for some vacations so I liked the way you saves there. Do you use Intuit for keeping track of receipts? Thanx Again Diva! Great videos
since starting a zero based budget i have been able to recover from a shopping addiction and lazy spendings! I will never go back!💰
The 1st video I watched of yours was a student loan video... you had me at the 3rd F bomb 😂. I feel ya girl, I'm hoping to have mine paid off by next year.
Thanks for making this video (and for not shouting at me through your audio). =D I'm embarrassed to say but no one ever really taught me how to budget and I've been trying to learn on my own. This video was helpful!
Thanks aja for this video! This 2021, i wanna learn how to budget and save for a car! So i thought id watch ur videos :)
Thank you for making these type of videos ! I really enjoy watching your channel! I wanted to try using the Qapital app but i found myself having hard time trying to understand how to properly use it. I hope one day you make a “how to use it” video of the app :) thanks !!
I was thinking about doing that since I've accomplished some of my goals on the app. Anything in particular you found confusing?
Aja Dang that would be awesome! Or even making a video of the different apps you use to archive your financial goals. For me personally, I was having a bit of a hard time understanding where exactly are the “goals” being saved or kept.. is it in my checking accounts or the Qapital account ? And also the spending account, how is it different than my checking account? Thank you!! ♥️
there needs to be a class for this, so many of us students would benefit from this! this is honestly so helpful and i wish i knew how to budget myself years ago 🙁
Right why is no one talking about that
I wish someone taught me this in school. Thank you for this Aja ♥️♥️♥️
Right this needs to be a class!
Great advice 👍🏻
It can be scary to open about money, what you are doing is cool and helpful! Thank you Aja
Thank you very much this was helpful.
Hi Aja
Thank you for the additional tip and the advice. I will definitely use your advice in my life and learn. I am also studying to be an accountant so this is so helpful. The main reason that I am here. I want to ask you about Qapital Debt card. I have an account but I haven't had a chance to use it. My question is how Qapital debt card. I also use a credit card so how I combine it? Thank you again. More power to you
I’m watching this in 2021! Thank you Aja 👏😊 this video was so helpful!
Awesome topic !
why am i only seeing this now?! Thank you for sharing! So helpful. Better late than never :P