What Are The Four Walls? | Budgeting For Beginners | Dave Ramsey Inspired | STACEY FLOWERS
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- Опубликовано: 11 сен 2024
- I'm answering what are the four walls of Dave Ramsey's Financial Peace University. Learning how to take care of your 4 walls is the single most important financial mindset shift for budgeting for beginners. If you're having trouble with the budget focus on The Four Walls first. The Dave Ramsey Four Walls truly show you how to balance priorities.
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WATCH MY FINANCIAL PEACE JOURNEY FROM THE BEGINNING
How I Fell Back into $208,453.27 Debt (Part 1) // • MY DEBT STORY: How I F...
How I Fell Back into $208,453.27 Debt (Part 2) // • MY MONEY STORY : How I...
My First Budget OCT. 2017// • OCT. 2017 BUDGET REPOR...
My 2018 Financial Goals // • 2018 BUDGET + FINANCIA...
My Debt Snowball Update - March 2018 // • DEBT SNOWBALL UPDATE -...
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Disclaimer: Honesty is awesome, so I share numbers and dollars in this post. I trust you’ll honor my honesty. Just so we’re clear, everything filmed here is based on my personal experiences + opinions. Not everything I say here will work for you, but I have faith that you’ll take the information presented and apply some of it to your own finances in a new and creative way.
FAQ's:
Stacey is a thirty-three-year-old international speaker, author & lifestyle blogger / RUclipsr natively from Omaha, NE. She is a mother to an amazing teenage human being and studied law in undergraduate and business in graduate school, now living in CHICAGO.
I am honestly really surprised how many people don't pay rent before the actual due date. That makes me really uncomfortable. I know that food is #1 but I always thought of rent as NUMBER ONE because they can evict out - much harder (and traumatic) to get emergency/free accommodation than free food. Hmmmm.
Agree. I'd rather be hungry in my own home than eating in the street.
I pay my rent very early. I don't pay ahead only cause i don't trust all property managers/landlords
I'm watching recipe videos while listening to this. I need to be motivated to cook more often. I've always said hygiene should never be compromised.
Once I get paid, I'll pay my bills. I NEVER wait until the due date. I say to myself it has to be paid anyway, so pay it now.
I love how you connect one's mental capacity as part of making these important decisions. What a crucial element to realize that having these 4 walls in a framework that not only gives you a monetary peace but a mental one too. Thank you Stacey! PS Where did you learn your craft of public speaking? Trying to learn now....very scary!
Your makeup is so fresh. I like how it looks like you have nothing on and still bring out your beautiful facial features
Thank you for posting this! I wear a uniform at my PT job, and that cuts way down on my clothes budget. I inherited a car two years ago; the expenses for gas/oil, basic maintenance, insurance, license, and stickers can be a bit challenging. But I only drive the car to work and back, to take it in for maintenance, and to the grocery store. No joy-riding for me or using up gas when I can walk or take public transportation (and limit those errands/trips as well). My cell phone bill is very manageable, but I need to get current on my electricity bill. Food is my biggest challenge because I don't like to cook, and I don't do it well. There are many times when I have a craving for something, and I have to eat out once in awhile. I try to pay rent as close to the first of the month as I can, depending on when I receive my paycheck.
I want to try Dave's plan. I've been car free but moved to suburbia to save money on rent. I also have a roommate. Getting back and forth to work and having some sort of social life is quite a chore. I feel like life would be so much easier with a car but I don't know how'd I'd pay for it. What's crazy is people make you feel like you're less adult without a car and your own place or that there's something wrong with you which is dumb but they make fun of it so I don't usually tell people right off the bat. I do have a full time but I'm contracted so I get zippy benefits and pay my own healthcare which is my biggest monthly expense outside of rent. I'm trying to work on getting my food budget down I go about twice a month and split the cost with my roommate and spend about $70. I find the challenge difficult when I'm trying to be healthier. I'm also not the best cook lol. My biggest issue is my credit card debt and debt in general, but I keep saying I need this and that and keep going into debt. First furniture, appliances, then clothes, then a laptop, I joined a gym with my roommie and hired one of their PTs cause I was trying to get healthy and its my second biggest expense. I feel like I'm spiraling so I decided to go into my 401k from my last job to pay off some of the debt. I hate it cause I know it cost money but I didn't know what else to do. I'm getting rid of that PT at the end of the month but I really feel like I need a car of some sort but I can I'm barely making it with a roommate and my savings is almost gone so I'm lost at this point. I was thinking about doing a parttime but that's seems impossible without a car and my health isn't the best so doing two jobs seems kinda overwhelming. Sorry this was so long but any advise would be much appreciated.
-Free exercices on RUclips, a carpet and old clothes. (We do not NEED fancy stuff to work out at home)🙌💐
-Learn how to ride a bicycle, and use one to some extend.(personnaly, I am wayyyy to clumsy to ride, I was a public danger when I tried, so I am walking a lot instead. Walking is free AND it worked well in shaping my legs and belly)👍
-No new make up until I nearly run out of what I have. It meant (for me) buying once a year instead of every month.🙏
Good luck !😇
I have been listening to a large amount of videos on budgeting. Yours has been one of the best explained videos. I am now a new subscriber. Can't wait to learn more.
Thank you very much for your transparency. This can be very hard to do but it is incredibly helpful to others who feel like they are the ones facing some of these struggles. This is a blessing! Thanks again!
The four walls are soooooo important.
Excellent advice! Excellent communicator/teacher! I am passing this awesome info to others! Thank you so much! God bless you beautiful young lady! God bless us all!
Your financial videos always gets me excited!!!
Sheren O I’m always so excited to post!!! ☺️🙌🏾 Thank you so much for watching and commenting!!!
I appreciate you for sharing your financial stance and plans with us here on RUclips. I'm learning a lot from you as you journey through Dave Ramsey's FPU! I hope to join it, as well, to decrease my debts more efficiently. God bless you, Stacey!
I'm trying to follow the Dave Ramsey plan but I can only get his book from the library - and there's a waiting list for it. So these videos you do about it help me greatly! Thanks!😀
So happy to inspire you! I encourage you to follow Dave Ramsey on youtube and iHeart radio. Thank you so much for watching and commenting!
Hi. Have you tried Overdrive? It’s an app that lets you read books for free as long as you have a library card. Haven’t tried it out myself as yet, but it’s been recommended to me by quite a few people
Would you be willing to do a video on how you created your capsule wardrobe on a budget?
EXCELLENT QUESTION!
I never heard of four walls but I’m gonna give it a try. I keep my bills current but I’m trying to work out the food thing.
You are the bomb.com... Omg , so transparent and on time for me. I would live to one day work with you. I'm a speaker also and I'm getting my life in order...you rock sis !!!! You inspire me to get better. I've watched a few of your videos and all are great.
Thank you Stacey, I get the concept of the four walls, I heard you speaking about that before and took notes, these little nuggets are very resourceful whether your in a small or large amount of unwanted financial pressure, you need to keep guard of your four walls...it's kind of like the beams that support your house and keeps it from falling on and round you.
I have a 15 day grace period on my mortgage and because i set up my budget where the month's expenses comes from the month's income, my mortgage wont be paid until tomorrow (the 12th). I dont think of it as being late or behind or living gor free...I think of it as business as usual.
The Fun and Budget Act agreed as those “grace periods” w/ mortgages are different than w/ rent (because theres no fees associated with it)
The Fun and Budget Act they don’t consider it late either
They consider it "slow pay", not good.
I consider it "they get their money" and for me that is always good.
Can you do a video on what a capsule wardrobe is
Such a great video! Thanks for the reminder. I've been on BS2 for 5 years but moved a few months ago and did not spend enough time and energy to revisit this concept and get that solid before continuing with BS2 in my new living situation. I've had to focus on my food budget again and am still working to get that to a comfortable place, but still budget friendly.
If it’s a long walk to work a bike could be a good idea and you can pick up a used one for next to nothing 😁🚴🏾♀️
Yes if you have children clothing and shoes also come into play. They have to have e proper things to wear to school, warm coats etc.
I'm binging your videos. I learned so much from this video.
Thank you so much for this vid. Ive been struggling with Dave Ramsey's first step for 8mo. Im so on step 0, never heard that one but its so real, managing the four walls first, makes sense....just made the decision to sell my car to net $500mo back in my pocket...hello metro/uber/can I get a ride! Lol
Thank you
Hey Stacey! Just checkin on ya
Thanks for checking in on me. I'm doing well. My laptop broke so I can't edit :(. But in the spirit of transparency moving is also very stressful. I'm getting a lot of rest but I can't wait to get back at it also! I love making this content.
Stacey, I know you have your heart set on working part time..............but in dealing with your debt, it must feel like you're running in place as fast as you can without getting anywhere :( What would Dave Ramsey say to you if he were giving you one on one advice? He would probably say to increase your income. That means at least working full time till you are farther along in paying off your debt. It doesn't mean that you have to do it forever..............just till you get your head above water. What are your thoughts?
Thank you so much for your concern. I created a video with an explanation about my choice to work part-time here: ruclips.net/video/kYzxM1DroKw/видео.html Thank you so much for watching and commenting.
What about supplies ? I always factor my supplies into my budget -cleaning, hygiene ? And what about those who have medical needs ?
Those are different budget categories for me.
THANK YOU, for sharing the "4Walls"...
Great video! Thanks for breaking it down.
LaToya Hall You are so very welcome! Thank you so much for watching and commenting! 💜
We always pay our rent before the first because the bank is so crowded on the first. But then it messes up our landlord, cause he’s looking at a bank statement that doesn’t reflect it, lol. So now I take a picture of the deposit slip and send it to him.
I'm curious as to why you work only part time? I have seen so many even get "dave jobs" (aka 2nd job to work in addition to their full time job) to solely pay off debt. Maybe I should read back more...new follower. Thanks :)
i love all your videos
What about stuff like soaps , cleaning products , hygiene stuff
Great overview!! You forgot to mention gas and oil/maintenance for a car. ..... CARS in general are HUGH expenses! Even when you have an older car like I do.
dmebrown good point. I should have clarified that all of that is a part of transportation.
Car is at the top of the list in the country, no car, no food, work, or life.
We disagree. But I respect your point of view.
I love your videos!
This inspired me
Dave Ramsey would say you’ve got a daggone mess on your hands and need to go out and get two more jobs yesterday to get your income up.
Yada yada yada.... one simple rule... minimize all expenses as much as possible and maximize debt payments. do whatever needs to be done to achieve this.
So your first video I watched... your debt went higher. This must be the one before the higher debt.
The uncomfortable is spending more on food, but got the other stuff down. Need better shoes for work.
Thank you for watching and commenting!
Love
Love it!
If you don't mind me asking what is your fico score?
Thank you!
Good video but some of the thing would not apply to me and do not take into consideration a family.
Thank you for watching and commenting!
Hope everything is okay with you? Missing your videos!
Moving has been stressful and my computer broke. So it's been a tough few weeks. Thank you for thinking of me. Thank you for watching and commenting.
To each their own; however, Dr. Boyce Watkins and the Black Business School has a stronger resourceful program that's much more doable. More power to everyone get financially healthy !!!!!
Stepping on my toes🤦 Cycles....can't say Amen then say OUCH
Hope all is well missing your vids a bit since I have completely fallen off track 🙈😳
You may have to get a second job. You can save up money faster. I do mystery shopping for extra side income.
Thank you so much for the suggestion. Thank you so much for watching and commenting.
You are extremely beautiful young lady.