I am 57 years old and a financial disaster I am committed to learning how to budget I never have, my parents never did. My husband wants to retire in two years I want to create a new relationship with money. Hopefully teach my granddaughter about budgeting. She's 13 so she thinks I have a never ending bank account. This will be great. I'm excited and very motivated
Wow you're daughter is lucky bc when I was 13, I was fully aware of how poor my parents were and they did not educate me on finances. She will definitely be so happy when she's 18 and she realizes you taught her something not every child learns from their parents.
I am about to get myself and my 14yr old son on board as well. I was never thought these things and have been struggling over the years. Now 41 and I don't want to continue like this. I don't want my children to not know how to manage money properly. We are doing this!
We just use a tablet writing paper, we put our paycheck amount on the 1st of month (payday) and the 15th... then subtract bills and then adjust from there. We've listed our bill by priority and due date in column of which payday it comes out of, then put any extra towards debt (the most possible), emergency savings (oil change, brakes and rotors, car repairs) a job loss, and a portion to savings. We also write on bottom the gotchas that we didn't figure in, car registration, bdays ect... then figure out. We've gotten creative for thoughtful gifts, it's not the gift but the manner that it is given. An within a small budget saved a little at a time. We can't spend more than we make... so... yes, either make more or spend less... We see where we're at in this moment in time, make a plan for where we're at and where we're going and reassess as needed. Once setup, it's an eye opener but easy and works for us...
So well done..and....totally agree with you about not going paperless for bills. I have to see them and touch them. I totally AGREE it is to save them money....especially if you have a question it is so hard to try and talk to a person to get something resolved.
Honestly. Paperless works for me. I lose paper. Sometimes it does not even get brought in. It certainly was NOT being opened and looked at. Being able to find it in my email and then adjust my bill-pay to pay it works alongside a calendar of when bills are due. And when I go to pay it, I would see it was way more expensive than budgetted and I'd go and look at the details at that point. The bills I have problems with to this day are things like Toll bills and medical that are NOT part of my process but I get a paper bill I need to keep track of. Even at tax time I appreciate how many places I can go and print out the tax forms instead of catching them in the mail.
Yes- those are all good points, too. We all definitely “see” things differently and have to do what’s best for how we see. I am glad you shared how you do it for those that just can’t do the paper way. 🙌
I started getting into budgeting last year and lost track of it due to many moves and life changes and I’m finally ready to get back into it. Thank you so much for putting this in terms I can follow and understand. I even used the cash envelope system before, too, and plan on doing it again since I did so well with it before. Thank you again! I can’t wait to get on top of things again
This is great news! Don’t stop budgeting ! When things go wrong, that’s when you really lean into it. I have another budgeting video scheduled for today at noon EST that may be helpful for you! 💛
Loved this. Thank you. Do you have a video explaining the month ahead in depth and how it works from start to finish? I get the concept of getting 1 month of bills saved, but not sure how it gets used and you stay ahead...or is it just like an emergency savings type thing...I'm sure it's simple to understand, but for some reason just can't quite figure it out. Sorry if it's already been explained and I missed it! Thanks again for these videos, they are so helpful.
Soooo nice you added freebies to help new budgeters ! One of the concerns I had when I started was the actual start up costs .. nice envelopes nice wallets and what forms did I need ❤any thing that encourages people to manage their monies ❤Glenda
I just randomly came across your channel and I am grateful! I need to REEL IT IN! I have cash stuffed before kinda sorta, but need to get serious. Saw one of your cash stuffing videos and then found this one. I know how to budget, I just overthink it all, and this made it Ssooooo easy and I thank you! Grabbed an old binder, some of your free printable and rode out the storm here last night putting everything together. I DID break a no spend day and bought a binder for cash stuffing. When I did the budget, I found out I can easily meet an urgent goal by mid February literally just by sticking to that budget. I had been stressing about it. Subscribed now for sure, and the challenges look fun so I'm going to make sure to get there soon!
Thank you so much for your comment. I think we do tend to overthink everything, right? Anytime Jason and I have to make a decision, we jokingly say, “Let’s overthink about it.” 🤣 I’m so glad that you enjoy the content and find it helpful- that’s awesome to hear. I still haven’t completely figured out my budget binder setup - things are so different now. My last binder revolved around paying off debt but that’s changed so now I have to readjust. And overthink about it! 🤣🤣🤣
I'll have to look for one of your videos on paying off debt. I'm a visual learner. I have Ramsay's book but I spend all day reading reports and sometimes I can't make myself read more that's not entertainment (to destress). And I need to stop over thinking, lol
Me, too! I’m getting things figured out. I want to go over it with Jason and make sure we are on the same page. Money orders were the best, right!? Kept me out of a lot of trouble when I was younger. I was a waitress so I always had cash on hand. I would go get my money orders OR I would pay a lot of things in person, too!
@@2SisterBees I remember some of my bill companies wanting a cashier's check or money order, not a personal check, like for rent. I kind of miss the old days. Now, I work for a Credit Union so our mortgage, car loan, and credit card is through them. I just transfer my payments.
Money orders offer a tangible way to manage and allocate funds. This method not only streamlines budgeting but also adds an extra layer of security by limiting transactions. It's a useful tip for those looking to enhance their financial control and awareness.
Now I have more knowledge about personal finance, thanks to your channel, I just subscribed.Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment.Traveling is now on our horizon, thanks to our financial choices,,
I love paperless. I get text notifications, not emails. I log into my account ( it takes less than 1 minute) pull up my bill and screenshot each page. If it is as usual I will delete the screenshot right after I put it in my budget calendar. If I feel I need to, I will save it to compare to the next months. Thank you for the video!
It was crazy! There was a leak outside - I showed it on one of my cash stuffing videos. It’s like some underground valve outside. Just full of water and letting it flow! 😭
It was crazy! There was a leak outside - I showed it on one of my cash stuffing videos. It’s like some underground valve outside. Just full of water and letting it flow! 😭
I am so glad I subscribed to your videos!! I'm learning so much, and thank you so much for the free printable, especially for myself, that is on a budget.
Oh my gosh! I can't believe your daughter pays $250 every 5 weeks. I feel so bad for her and anyone who has to pay those astronomical prices to get their hair done. There's no way I would pay that. I pay $45 every 5 weeks and that includes getting my hair colored and cut. And I have very thick, very long (down to the middle of my back) hair. I'm SOOOOOO glad I live in the middle of nowhere in Wisconsin. Lol.
Yes! Some of these places are getting crazy. My girl is very reasonable- she’s the first one I’ve found in a long time that is and I’m sticking with her! My daughter’s salon has been steadily raising prices for the past 2 years. 🤔
I have long thick hair, and to color cut and style mine is around $300-400. I haven’t gotten mine done in a year because I’ve realized it’s too much lol. Going to let my natural color grow out until I find somewhere that can do my hair.. I used to go to Tony and guy- that’s why the price 🤦🏽♀️ lol
I’m brand new to the hive 🐝 and I’m soooo excited to be here!! I’m 49 and in a few months I will be 50 😬 Thankfully my husband is so good with money because I have always struggled. It’s like money slips through my fingers. I’m determined to turn that around and impress my husband & myself that I can do this. Thank you for sharing all this great information. I’ve been binge watching your videos 😅 I’m going to purchase your budget binder basics to get started. I’m not sure if you have done a video on credit cards and cash back using them? I know using credit cards are a taboo in these financial communities but would love to hear you and your sisters thoughts on them. I’m nervous about carrying cash, especially such large amounts (maybe I just need to get over that). Thanks again!!! Cannot wait to learn from you all!
Awesome! I did a follow up video yesterday putting together a budget binder here : ✨ Budget Binder Explained | Easy Setup | PayDay Routine | For Beginners ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-sjAPcnwo1Qc.html And I have a really in depth 3 part on Stop living paycheck to paycheck Part 1 here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YdW_35SGLS8.htmlsi=pcfwl7P5lskqt2m- These may help you a bit more! 💛
I just subbed wow I’ve been doing it wrong the whole time thank you for the freebies and thanks for breaking it down like this I understand it so much more
Yes! It is a good feeling ! 💛 I never had a car payment until I started making a little more money and then I thought to myself, “ This is what I’m supposed to do now - get a better car and then buy a house.” The house - I did good on but the car payment… not so much. 😅
The part about averaging your groceries per month was easy to understand until I saw you put $600 on your monthly grocery expenses. I would've assumed that your average grocery expense would be $200 since you went 6x in three months, $100 each trip. 2x a month= $200. This is the only part that tripped me up. (as I was calculating my own grocery expense for my own understanding)
I think I was showing an example to just show someone who doesn’t know how to average numbers. I haven’t watched that video in so long so I’m not sure … but in the end, for you to do your budget with varied numbers - Just average out a months worth of your latest spending - it won’t be perfect but you’ll be pretty close! 💛
This is so cool! I had made a plan to work on my budget every week so it's perfect that you do this weekly!!! I'll do it with you!! Subscribed! Okay, I've following along and wrote it all down but I don't get it. How do I pay all my bills using cash? Do I get money orders for ALL my bills? Then I'm spending a lot on money orders, right? I'm really excited to do this because I think it will help me get control of my spending and pay off my debt; but, I am worried it's not going to work with how to deal with this cash.
ok so paperless isn't as bad as you think you can print those bills when you get them over email for you records you can also print the confirmation emails so you have proof it was paid not going paperless can cause you to not have this proof via confirmation emails.
Let’s say you save $200 in an envelope in a month. I see it different…adding that $200 $400 $100 that I save in a month to MY SAVINGS ACCOUNT benefits me more each month BECAUSE Of the interest I receive each MONTH from the monthly DEPOSIT… INSTEAD of WAITING till the EnD of the YEAR! This is for people who save in the envelope system. I love the explanation of how to budget!! ❤
Well, yes. If someone wants to place savings in a high yield savings account, they will reap the benefits of that monthly interest. For me, when I first decided I wanted to pay off debt and save, putting money in a savings account didn’t work for me in the beginning. Mentally, I was still seeing money as “just numbers” on a screen. So, when my checking account would get low because I wasn’t budgeting very well, I would just do a couple little clicks and move money from savings back to my checking. The cash method ( because it’s so visual) reignited what the value of a dollar is. After some time, your spending habits get better, your budgeting gets dialed in- and once that control comes back- putting $ in a savings account is very beneficial. It’s the “getting there” that is the real work. Also, a lot of cash stuffers swap out the cash they have saved in the envelopes for “prop money” and deposit it once they reach a certain amount. There’s so many ways to do finances- just gotta find what speaks to you. 💛💛💛
@@2SisterBees yes. I get that! I use to do cash envelope ✉️ system Like $100 groceries $30 gas $20 cvs for hygiene Using also coupons and ECB’s alone with the $20, fun money $20 clothes $30 Eat outs . For hubby and me. I would then save up the money left in each envelope at the end of the week. If I needed more in one I would take it from another, made me not want to spend at all! Thats how I started saving so much. That year I saved over $5000 I have no debt besides home, which is low Built a home in 2017. We had already paid our land in cash, we had no debt. Put $52,000 on my home also The last 4 years we saved an average of $20,000 A year. Everything that comes in goes in savings Unexpected checks, anything, income tax return and etc. we over pain a dr. Bill the other day and got $21 Back, we deposited that
I get the sentiment, but not sure we should be promoting paper copies if we’re also looking to reduce environmental impact. Are there other methods that keep the focus, but keep things digital?
My POV is that there are a million other ways we can reduce waste. If someone is struggling to keep up with bills and paying on time and/or need a more visual way to get back on track- staying with paper billing is a good option. I think it’s a good temporary solution to reset your mind- then once things are streamlined again, go back to paperless. It’s just one suggestion of many that could potentially help some of my viewers. Not all of them work for everyone- I do my best! 💛
HI LOVE YOUR CONTENT, FOR ME I GO TO 4 DIFFERENT STORE TO GET GROCERY😅😂, DEPENDS ON THE DEALS THEY HAVE EACH WEEK, I HOPE I'M CALCULATING CORRECTLY (I COUPON THATS WHY I BUY LIKE THAT)
I love this! I do have a question. I understand budgeting, however, I can't wrap my brain around my situation with budgeting. I get paid monthly and it is a fixed income (Salary). My husband gets paid every two weeks and is variable (hourly with shut downs if there isn't enough work). How would you suggest planning for that? I really want to get a handle on budgeting in 2024. We have been married 20 years and I feel like we have never had a year when we weren't "just making it" (sorry for such a long question)
Hi there! This is a great question- I actually have a 3 part series on setting up a budget. I go much further into detail about variable income and other things. The videos aren’t super entertaining but they do contain good info. Here is part 1 and the other two will be at the end for you to click and keep watching. I hope these help you. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RMTzY-1AbuY.htmlsi=d10JeSegy-hAhv_n
I didn’t get mine from Amazon but I found it! www.amazon.com/Calculators-Benkaim-Calculator-Standard-Business/dp/B0BP1N8ZKX/ref=mp_s_a_1_43_sspa?crid=1QUZLBWB9W0IW&keywords=calculator+big+buttons&qid=1702772956&sprefix=calculator+big+%2Caps%2C219&sr=8-43-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9waG9uZV9zZWFyY2hfYXRmX25leHQ&psc=1
Hi Jen. I am brand new here and your posts are so ultra helpful. I do have a question. Every pay period I tithe 10% of my income which is hundreds of dollars per month. Do you tithe and have this covered in a different video or do you not have that as part of your budget please? Thank you so much!!
Welcome to The Hive! It is actually part of mine, as well. Here is a video I just posted that should be very helpful for you. I go over step by step budget and I include the sheets I am using as a free download for you. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-dBRvWNfHLxw.htmlsi=oNYzwnxDUyjEVtdU
I wanna do this so bad. I'm stuck though. I don't have any credit cards and only 1 bank account that all my payments come out of. How do I start stuffing? Someone please guide me with suggestions. Thank you
Okay- so watch my next video posted tomorrow - I also have all my bills come out of my checking. My cash stuffing is the REST of my spending. Bills aren’t what get us- it’s our everyday spending. Tomorrow’s video might help you get some ideas. 💛💛💛
We work remotely so our gas is VERY low. The budget video is a template to show others how to plug in their own bills/ numbers. No one has the same income or expenses. When you make your own budget, you are taking your income and then deducting your expenses by prioritizing what has to be paid first. Then go in order and see what you have left. If you have $ left, begin saving. If you are in the negative, you will need to cut expenses and/ or make more income. I hope that helps - 💛
so, I have a question. my husband gets paid 1 to 2x's a yr. , do you have any suggestions on how I can figure out a budget? It's been nearly impossible but I'm determined to not give up :/ :)
Thanks for your content , so very informative. I’ve only recently began watching . When you say 10% for car (payment ) .. if I don’t have that expense would the 10% be registrations , car maintenance , etc ?
I would think that is up to you but it isn’t a bad idea. Car repairs, insurance and even gas are so expensive now. If you do the math, those things might come close to that 10%! I am not a financial advisor so I don’t want to say that’s what you absolutely should do- run your numbers and see what you think. Thank you for watching and I’m glad to have you here! 💛
Yes- that is true. There’s a lot of variables with this. My water company and my electric both charge fees for paying online as a processing charge, I guess. Just need to be aware of which ones charge under which circumstances. Also, that piece of advice was meant for those who struggle to pay bills on time. If that’s the case, bouncing an auto pay is WAY more expensive than the paper fee. It’s a balance but I think sometimes the “new” way is all that a lot of younger people know. Sometimes doing things the “old school” way can be more beneficial. Just throwing out options for you guys. 💛
Hi Ms. Ashley! I have in the past when I first started because I had a habit of spending if I saw the numbers in the bank. Keeping it out changed how I save. I now have a working plan, a working budget and my mindset on money is different, as a whole. I now have in HYS, short term savings, emergency account, IRA and invested. Something as simple as cash stuffing and writing a budget has changed our lives in a matter of 3 years.
Hi and welcome! Since this video, I have set up a budget binder and just started using it ! Setup Binder Video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-sjAPcnwo1Qc.htmlsi=Y49c_pBSvZmh56IW And here is where I am putting it to use: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-JdSsJWpix-M.htmlsi=N_IHGKCVfGzr411s Hoping that will give you even more motivation for your budget! 💛
That’s where it just becomes a personal choice in whether it would benefit you or not. Some people need to do things kind of the “old school” way to get back on track. Late payments are a lot more than saving a few bucks by being paperless- it’s a suggestion that could help some. 💛
am i just stupid I dont know how to download the free printables, I keep going to a google doc, but I don't know which on it is, and then they are all just not doing anything????
You are not stupid - once you click on one of them, it will be big on your screen. Look for the download button - it’s a square with an arrow pointing down on it. It should be on the upper right side. Click that and that will download to your computer. Go to your downloads in your computer, you should see it and now you can print it. I hope that helps. If not, you could go to Staples or your library and they will show you in person how to do it. 💛💛💛
Where do you get your cash stuffer notebook? I can print the stuff but I haven't seen a notebook like that one. Also, I didn't see the link to your sister's video about digital stuffing, or however you call it. Thank you for your videos! Enjoy your humor and suggestions.
I think you mean the binders that I actually hold my cash envelopes, yes? Those are on Amazon. If you type in search “A6 cash binders” you will see many colors and designs. Glad you liked the video! 💛💛💛
Have you watched the Payday Routine video yet? ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-orF4rRKnQ10.htmlsi=Yy89Gbz6ulHFXyQR I wonder if that would help you? 💛
All of the forms are linked in the description. Here is the link for you: drive.google.com/drive/mobile/folders/1VRf2dzNHV84v-oLIbufEnM3LlNcDpXcr Hope this helps! 💛
Hi there!! You can get the calculator on Amazon! 🙌 www.amazon.com/Calculators-Benkaim-Calculator-Standard-Business/dp/B0BP1N8ZKX/ref=pd_aw_ci_mcx_mh_mcx_views_0?pd_rd_w=Gf0qn&content-id=amzn1.sym.0e5c7f8b-153f-45ea-a1fd-9585fc3a0cd5%3Aamzn1.symc.2b06b7e8-a86c-4e6e-b02c-90d58278f4f1&pf_rd_p=0e5c7f8b-153f-45ea-a1fd-9585fc3a0cd5&pf_rd_r=3VVR7X1D77MACRYVAEY3&pd_rd_wg=aYtHp&pd_rd_r=44f05d48-1f33-4cff-a71f-b0b931e2120b&pd_rd_i=B0BP1N8ZKX
I think with something like this: Say you are paperless on your Chase card. The email is in there with 5000 other ones. Then you even have a reminder text set up and it dings you while you are driving and you say to yourself “Oh yeah, I need to make that payment” but then you forget. You’re late on your payment. Now, you have a late fee that’s way more than a few bucks. These things I mention are all just suggestions - and I suggest them because I’ve already learned the hard way at some point in my life. My hope is that someone who hears it and realizes - Man, I do that all the time. I forget to check my email and I’m always late…. Will find this one thing helpful and potentially save some cash. We have to pick and choose what advice makes sense for us to utilize in our own lives. 💛💛
So if I'm working on my month ahead.... Do I use that money for the month ahead bill or do I save it in the account in case of an emergency to pay the bills at that time?
It’s to have a buffer of all bills amounts - so you aren’t living “paycheck to paycheck” For me- if anything happens and I have an emergency, I would use that and then I know- I have time to replenish it. So my bills are approximately $5k a month- that gives me that amount always sitting in my bills account. It’s security. You’ll be so happy that you did it. 💛
@@2SisterBees that's what I was thinking. Also I should added the question of exactly what I should put into my month ahead, necessary bills are obvious, but should there also be like food? Gas? Debts?
Good question- gas is actually such a small expense for me. I go through a tank every 2 months. I think with this budget video- or any financial advice- the design is the answer. Since we all have different expenses, you should write your own expenses and your own income and work it out in a way that keeps you on top. Some watch this and may say, “What about child expenses?” Answer : my children are all adults. Or “What about credit cards?” Answer : I am debt free It’s a guideline just showing in what order your payment for expenses should be paid (according to financial experts). No matter what yours are. I hope this helps! 💛
