Budget with me | Paycheck 1 update | April 2024 | Zero-based Budget | Sinking Funds | Real Numbers

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This is my family's actual income and expenses for the first half of April. Most of our bills have been paid but our first paychecks didn't cover them all.
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**This video is not financial advice. I am not a financial advisor and am just sharing my own experience.

Опубликовано:

25 июл 2024

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Комментарии : 9

@DariusPiggott 3 месяца назад

Great update. I like that you have sinking funds for everything. My wife and I have recently adopted this idea and it’s helped us out a lot. What’s the benefit to having a sinking fund for groceries? Why not have a set amount to spend on groceries? I feel you could control your money if you set a limit each week or month on how much you’re gonna spend on groceries. Excited to see you guys grow financially in future videos.

@kronsonfamily 3 месяца назад

We have a sinking fund for our groceries mainly because we don't grocery shop consistently or buy many of the same things every time. It's usually like if we run out of chickpeas, we fill up another bag of chickpeas and ditto for all our beans, grains, and nuts because we shop for those in bulk. So some trips are much more expensive than others and we may have 2 of those in one month and none in another. We also sometimes do a CSA which is an upfront cost of a few hundred dollars to get local vegetables all season long.

@DariusPiggott 3 месяца назад

@@kronsonfamily okay makes sense. Thank you!

@mrssummersbudgets 3 месяца назад

Hi, where did the money come from to pay all this stuff since your check was so low? You dont have any rollover or inflow from savings on your spreadsheet.

@kronsonfamily 3 месяца назад

I really need to work out a system where I show a rollover or that I pull from sinking funds. I guess we might be considered to be a "month ahead" in that we pay all of the expenses that come out at the beginning of the month with money from our paychecks the month before.

@MomOf2Boys19 3 месяца назад

@@kronsonfamily I've seen where people just list it as income, but categorize as Rollover or Sinking funds/Savings inflow.

@myaccount9498 3 месяца назад

Hi 👋 Sorry to hear about your time sheet mistake & overpayment. I'm just wondering if when your were overpaid u, do u still have that surplus money, to pay towards this month's expenses? I'm only 3/4 way through the video so maybe u say at the end!

@kronsonfamily 3 месяца назад

It went into the March budget as either sinking funds or saving towards the roof. So the money is there for the bills but if we can't cover all the expenses with the second paycheck, I'll have to pull from one of the funds.

@myaccount9498 3 месяца назад

@@kronsonfamily That's great u still have the money then! 💜