How I Would Budget $5,000 A Month
HTML-код
- Опубликовано: 18 фев 2024
- Mentioned On Today's Show: www.anthonyoneal.com/sofi
In this live, I am diving into the art of budgeting $5,000 a month wisely and effectively. Whether you're saving for the future, investing, or managing everyday expenses, I'll break down how to allocate your income to build wealth without relying on debt. From essential expenses and financial goals to discretionary spending, learn how to balance your budget to cover all your needs while prioritizing savings and investments. We're all about making smart financial decisions to achieve financial freedom and legacy building. Tune in to discover how to make your money work for you, avoid new debt, and plan for a prosperous future. Let's build wealth together, one budget at a time. Don't forget to like, share, and subscribe for more financial wisdom. Your journey to financial independence starts now!
Checkout My Network Partners:
🤝 Bethel Tech: www.anthonyoneal.com/bethel
🤝 Better Help: www.betterhelp.com/ao
🤝 Chime: www.chime.com/ttao
🤝 Course Careers: www.anthonyoneal.com/bootcampcc
🤝 Ethos Life Insurance: anthonyoneal.com/lifeinsurance
Tools Created With YOU In Mind:
💲Wealth Builder Tool: www.anthonyoneal.com/wealthbu...
💰 Wealth Calculator: www.anthonyoneal.com/wealth-c...
💸 Debt Calculator: www.anthonyoneal.com/debt-cal...
📗: The Ultimate Guide To Debt Payoff: www.anthonyoneal.com/free-too...
📒 Make Money Online: www.anthonyoneal.com/free-too...
📈 Get A Raise: www.anthonyoneal.com/getaraise
👩🏾❤️👨🏾 Singles Playbook Quiz: take.singlesplaybookquiz.com/
❓ Guide To Asking Hard Questions: get.thequestionsguide.com/o/
⛪️ My Devotionals on The Bible App: rb.gy/v0qf9i
🔎 Find a Church Near You: www.anthonyoneal.com/find-a-c...
FREE Webinar:
💻 The Personal Brand Masterclass: anthonyoneal.com/masterclass
RECOMMENDED Reading
📔 Debt Free Degree: amzn.to/3jA8GfR
📓 Destroy Your Student Loan Debt: amzn.to/3uG5wNQ
📓 Essentialism: The Disciplined Pursuit of Less: amzn.to/37iUUf1
📘 The Ruthless Elimination of Hurry: amzn.to/3uEiKdW
🎙 Listen to the show
iTunes: apple.co/2Wb2FhG
Spotify: open.spotify.com/show/1DnGlzL...
🎵 Intro: "The Table - Evan Ford, itsevanford... / evan-ford "
GET IN TOUCH
🌍 My website - www.AnthonyONeal.com
🌍 Advertise With Me - partnership@anthonyoneal.com
Connect with Me!
Instagram: @anthonyoneal
Facebook: @anthonyoneal
Who I AM:
Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same.
Join me on my RUclips channel and let’s start this journey together. I’ll share my experiences, tips, and tools to help you achieve success and become debt-free. Plus, you can follow me on Instagram @AnthonyONeal and visit anthonyoneal.com for more resources and help.
Subscribe now and join the AO fam! Let’s get to it!
Have A Questions You Would Like Asked On The Show:
Tweet me @anthonyoneal or email me at anthony@anthonyoneal.com. If your question is long, I might not read it, just being honest. 😁
Disclaimer: Some of these links are affiliate links, which means I may get a commission if you purchase. However, none of the fees of these resources have been increased to compensate me. In fact, many of these have given me special discounts that I get to extend to you! 😉
Get $300 To Open A High Yield Savings Account: www.anthonyoneal.com/sofi
👍🏾
You have to do direct deposit.
Keep your thermostat at 65 degrees and leave it there. Some heat is better than no heat.
I’m 4 days late but I’m gonna do it today!
What is the Budgeting app he says to use or he is using ? Any one kno ? 😅
Bro said, “ I told my money what we’re doing, my money didn’t tell me” 💯
Ikr!
I budget every single month… I started doing this since August 2023 and I’ve paid off $14,000 worth of debt since. $9,000 more to go!
You got this!!🙏
Salute
Yezzz! I'm proud of u!!!🎉
Wow
I budget every month faithfully. I must be a great steward and manage what God gives me because I have abundance as a child of God. I am wealthy, wise and intentionally living as such. Speaking it all into existence and walking by faith because I have what I say. I refuse to be broke, have debt, misuse money or live with no peace. Thanks Anthony, Dave and so many others for assisting us with knowledge, accountability and financial freedom. May God continue to bless you as you bless others.
Best Line of the night. YOUR BANK ACCOUNT WILL LIE TO YOU!!!!!
I thought the best line was "I'm giving you off the dome, head"
This man giving a financial word! He said he was tired then proceeded to yell scream and sweat like a financial pastor 😅 . This helped me make a plan for my new income from my promotion.
😂😂😂😂😂😂
😂😂@ financial pastor.
Try to leave your existing budget the same and save, invest and/or pay down debt with your increase which will avoid lifestyle creep.
😂😂😂I love financial pastor! He was indeed PREACHING!🙌🏾
You have to budget your bills first each week. Pay those first, then budget what your saving. After that groceries, gas. If nothing is left we stay home on the weekend. No biggie, live within your means or below to get ahead. It isn't rocket science, it's all about being a good steward of what you have. Great job Anthony.
Money should be budgeted for the month. You should also pay yourself (save/invest) first. If you're only budgeting your leftover money that could be a recipe for disaster. This also let's you know areas where you need to cut back and reduce expenses.
Get rid of ur debt immediately that monthly interest is killing ur pockets
home cars credit cards anything financed is killing u twice
Anthony! We need how you would budget the $2500 & $3000 monthly salaries out here please!
Hi! I believe he said he'd do the same thing for that amount of income as well.
Me
With you 🙏
Basically the percentages would be the same but just for your monthly income. So if you make 2500/mo., 50% which would be $1250 is your budget amount for rent, utilities, groceries, Healthcare and transportation, childcare if you have. 20% would be $500 towards emergency fund and 30% which is $750 would go to giving/tithing, self-care, dining out etc. Adjust as needed for your exact bills. Write out ALL expenses. It's good to grab a few months of previous bills to gage what they are monthly if they're not fixed bills. Grab your credit card and bank statements so you can see what you're spending. Receipts if spending cash. That's where you start. The biggest thing is see where your money is going so that you can begin telling it where it should go. I saw that i was spending hundreds on carryout, thinking i didn't have enough for bills. In fact, i had more than enough. I was just spending too much in certain places. Hope this helps.
You did a great job of breaking it down. Teamwork!!
I needed this video. Thanks. As a single mother of two kids. This was definitely a reality check. My essentials come out to about $2500 to $3000. So now I know how much I need to bring in to even have a well balanced budget. Thanks
In the exact same boat as you. We should create a community for us
Mine is 2500 including gas and food.
It's like we're all in the same boat
Anthony's advise helped me get a 750 credit score and buy my first home. Then I back slid. Lol... but I'm back to it. And God knows it's helping
***Just fyi, "briefly"... regarding the SOFI acct... you have to make a minimum direct deposit of $1000 to receive $50 in bonus, then you have to have a total of $5000 or more in direct deposits within 25 days of opening your account in order to qualify for the $300 in bonus. And, the 4.6% APY is earned after your deposits, within the 30-day evaluation period, total a minimum of $5000. Read the fine print...
Thank you 🙏
@@theresalucas9477 You are most welcome! 💕
This information is correct I try signing up and had to cancel the account once I found that out. I have Capital One now and you can sign up with no surprises at the end.
Yes...I budget ❤
10k
Preach! Some see budgeting as shackles... As you said, budgeting give the freedom to spend within my boundaries.
I live in California, and housing here is so expensive. I'm blessed that I only have to pay $1500 in rent. I do budget out every month. What I will do is add more into my Roth IRA.
I live in Cali to my rent water sewer and garbage is 1230 I've just made adjustments and contributing more to my outside roth Ira
I'm in LA and now a days my rent is considered 'low' at $1900. Increases were on hold from 2020 - 2024. So I'm blessed that I'm under $2K/mo for 1500 sq. I'm a rent controlled dwelling. The 50 for housing is not conducive these days. He is correct is putting your money on paper. I have surely wasted so much money over the years and should have bought something years ago. One can live in Cali if you budget correctly. This is only the last 10 - 15 yrs of our prices jumping so high. I rent out my 2nd bedroom because it's a large suite just sitting there. :) Salaries haven't always risen to match the rise in living cost.
I have been doing these tips for many years. You must pay your important bills first....day care...rent ..electric....watet....car payment ....car insurance. I tell my friend stop going to pay day loans and borrowing money. A person must tell your money where to go. Never let your money tell you where to go. Your company gives you free money to invest, always matches it. Take advantage of the health benefits... When I was younger I used to chase money. Now I am older, and I do chase my benefits now
Amen...chasing benefits here😊🙏
This is some excellent information and content……(for singles with no kids 😣😢🤣), groceries with a fam is easily 1200 a month now and cost of living makes a huge difference too (depending on how much rent is geographically) but yes, definitely important to budget 💯
Yes, with kids groceries can easily double.
@@mrsjjones3811 or even quadruple when you include after school activities, school lunches, company/friends coming over eating all the food, etc 😂
$1200 a month on groceries?? 😮😮 How many family members do you have? It’s 4 in my house and we typically spend about $600 a month. I cook at home during the week and eat out of weekends. Are you guys cooking at home everyday?
@@tonymimi9715 $600 a month?? Teach me your ways! Lol
Most certain will vary based on the household. We also pack lunches as well and involved in a lot of activities which means more food for snacks, team events, etc. I have teens so with them including me, we eat lol
Although $1200 seems like a lot it’s still a lot cheaper than eating out which adds up quickly
@@tonymimi9715What?? We have 3 kids. It’s 5 of us and we for sure spend about $1100/month and that’s on a TIGHT budget….it would be more comfortable if we could spend $1300
I attempt to budget every month but I don't track it well and definitely don't stick to saving/spending a certain amount. I need help
What helps me is using a usher book. If you don’t want to buy one, Clever Girl Finance has free printouts on their website. You could also use a plain Jane notebook and write the dates of your purchase, what you bought, and how much it costs.
Thank You for sharing this information! 😊
Thank you for sharing another great Video!
Thank you for this information
Brotha love your content 👌 I be going Dubai in 3 months. I been going to south East Asia for the last year preparing for my retirement your right 250k isnt nothing in the USA but in the Philippines it goes far and thats just for emergencies. I live well on $1700 a month in Phillipines because of your teachings and budget strategies. Thank you for your transparency.
Yes! Great advice.
Absolutely love your Lives brother💪🏽💪🏽💪🏽Keep doing them please!
Love the energy!!👍
You are in the right space!!
Great nuggets given!!
Thanks for breaking it down like this from S.C.
Thank you so much, u have truly blessed me with the information ❤
Thank You for helping me! Sometimes it’s just a simple conversation! 🙏🏽
You spoke the truth on here chile! Excuses can be our greatest hurdle.
I enjoyed the preaching at 11:10!
I’m thankful you responded to the Call from God to help your brothers and sisters of Color! Blessings!!🙏🏽
This is good ❤❤❤❤Replay
Me- I love the Happy Budget Planner
Wow😮 I'm speechless. I have watched many budget videos, but there is something that you have in you that is so powerful.🙏 Thank you for your content 💲
Good lesson.
Thank you for this video! And congratulations on those who are trying to do well with their little, on our way to big ❤
Thanks for the Florence, SC shot out Anthony!!
This is a Word from Heaven. I needed this wake up call.
Ecc. 4:9-12 - having a financial partner for accountability and support is a great thing.
My wife keeps me on the straight and narrow... "You don't need that: bring it back." Or, "We haven't really used that subscription. Let's cancel it."
Your family essentials for me avg 70%, 10% to God, 5% saving, 5% discretionary, 10% family health/repairs.
However, with my life partner beside me, the load is shared. We can now live on my income and use hers for saving, giving, and family.
Anthony forgive me if you see a comment saying dislike my hand slipped but budgeting is a must
Real talk I used to do this till I started learning to use my financial allotment system, built into the federal government pay system
Im from New York. I put my brother on to your channel and he loves your videoes because u sound real and he loves your humor.
So true!! You must track your spending on your budget 50-20-30 rule
I budget every single month! I know what my cost are, my savings, and my mad money! What I don’t do is track what my mad money goes to.
Right before I watched this. I prayed inwardly, Lord I need help preparing my next month's budget. JESUS I THANK YOU! I have not looked up any videos about budgeting. I have looked up videos like this in I don't know when. JESUS I THANK YOU
He will always send a messenger. You got this!God bless you 🙏
Facts about the making a G-List. I use the reminder notes on my Phone to make my list. It’s super helpful to stay focus in the Supermarket.
Also planning meals out based on what's on sale and just having a menu set to grocery shop for saved me hundreds on my grocery bill.
South Carolina Thank you Brother❤❤😊😊
Thank you so much for this opportunity of change.. Im working on my budget.. I make 3500$ and sell marykay so Im trying to improve my budget portfolio.. You are Great
The 10%, 10%, 10%, 70% rule has been a game changer for me this yr.
King you always feed my ears so good! I wish I could have a chat with you, but reaching you seems impossible. I just want to talk
Talk that talk brother👏🏾👏🏾👏🏾
Anthony I'm making $2,200.00 a month. I'm just started this year 2024 with a budget and yes I write it down on paper. Also started VB and paid off $850.00 credit card this month I'm paying off a $330.00 credit card. I thank you and the VB lady.
I needed this! Just had a conversation last night and was scolded because this is me. I need to start budgeting better to learn to save. Thank you sir ❤
Wow, this is so timely.....this is forever closing the door to the reason God could not take me to the next level of Prosperity. TRULY a gift from GOD - THANK YOU!!!!! May God continue to BLESS (Anointing/empowerment to prosper on the 4th dimension (Heavenly Resource of Power).
This was good! I'm sending it to my adult children.
20k with Fidelity 5%
Raising my hands
Nevada here !!
This is good # replay helping me
Thank you Anthony. This video is what I needed to get started. I was always getting tricked by the bank account
So true.
I'm not leaving California😂😂😂 But I hear you! Thank you for your wisdom and passion behind it! It's so in point and necessary❤
My favorite excuse all the time. I'm never leaving born and pure breed here in Calk. If I can make it here i can make it anywhere 😂😂😂😂😂
Watching from South Africa
Fayetteville. That place is wild.
Omg I love you so much!!!!
Grocery pick up helps me save money since I’m not buying things I don’t need. Also, inventory what you already have in your pantry, fridge and freezer and make meals based on what you already have! Decrease waste will decrease budget for groceries!
In Cali , we have elec. gas. Water. Waste mgmt for utilities.
Not yet but learning how.
Preach , it's your excuse
Do more vids like these raw cut💪🏽
This is budget with in your income. It's very durable if applied as described.
Good lesson ❤. I now realize I am over budget 😅.
Not yet .... texas
Columbus GA
Not yet! Thats what brings me here. And yes of course im guilty of my pay going awol cause I didnt track it... hence budget researchn
No Anthony! I've always tracked my money! You do give out excellent advice about money management! Keep schooling us! 😅 💯
(Turn on your heat Anthony! Don't freeze tryig to save money!)🙏
I think capital one has a better high yield
My God.....Cali!!
So true
I budget each paycheck
❤❤❤ Freedom!!!!
Am new to your show trying to log in correctly
With mortgage ...add HOA and taxes
Bigg up every month
From Canada 🇨🇦 😀
I AM!!
I make that but my housings is 2200 a month
Jackson,MS
Track What Your Spending…Tell Your Money where’s it’s going…💯🔥💎🙏🏽😇
Me. I do weekly though. I get paid and do percentages to a zero based budget.
North Carolina
Not yet. Trying to
If I had an extra $5000 a month I would definitely do right by it Lord.
I no longer have a mortgage so I would pay property taxes for year. Home insurance for year. My full time job takes care of everything else.
$500 tithes
$1000 car payment/insurance
$1000 for bills that need paid off
$2,500 savings.
Sill trying to figure it out
It works
New Jersey
Nita from Chicago.
Im definitely feeling the live🫡🫡
Chicago