Budgeting For Beginners (8 PLACES YOUR MONEY NEEDS TO GO)

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The simple, minimalist approach to budgeting. My exact automated system for saving money and guilt-free spending! This is a video on budgeting for beginners and budgeting made easy. I share my budgeting tips, and give you a simple system for how to manage your money. When you know where your money needs to go every time you get paid, it's EASY to save money. The secret is to pay yourself first and automate everything. I share my favorite bank accounts, budget tips, and my best personal finance tips.
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabu...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/...
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Pinterest: / itsrosehan
• Budgeting For Beginner...

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9 сен 2024

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Комментарии : 728

@itsrosehan 4 года назад

Hi everyone 🖤 What did you think of my minimalist budgeting system? Let me know! And please show me some love in the comments... for the RU-vid algorithm 😎

@nfaoussoukouyate8944 4 года назад

Ok Rose hi

@TheChiefCoin 4 года назад

You are beyond cool. We love you Rose 💞

@ronniedelacruz5173 4 года назад

Great Video Rose! You are so down to earth! I will follow your steps! Makes total sense!

@j.bennett2485 4 года назад

Rose, these videos are great. I’m new to investing and I’m finding these to be very informational and easy to understand. Keep up the good work.

@gebali 4 года назад

Good info and advice. Thanks.

@ricecakes097 4 года назад

1. 401K 2. Checkings Account 3. Emergency Fund 4. Roth IRA 5. Needs (Groceries, Rent, Gas, etc.) 6. Short-term savings 7. Guilt-free spending 8. More investing Still watch the video for more details and better explanations of each! I just like to take notes and make lists of all her videos :)

@cherrylu2733 4 года назад

Thank you💖💖💖

@cherrylu2733 4 года назад

I never knew Fidelity had a cash management acct. Im glad they do

@ramseyabsessien8990 4 года назад

Is 300 dollars a month for guilt free spending for my starbucks and lunch too much?

@rfarchives3320 4 года назад

@@ramseyabsessien8990 No.

@hlook9700 4 года назад

Number one 401k ??? Really

@Hyper131 4 года назад

As a single father of two paying child support and other expenses, it is difficult to save in the key amounts you stated, especially when my career goals were garbage. Now, at the age of 35, i have been able to re-balance 70% of my past mistakes and finally have a career making decent money. I take full advantage of my companies 401k. This week, i have paid off all of my debt and finally open a savings account. Yes everyone, i started a savings account at age 35.....Anyways, trust me, i want to do all of these things you mention, but the reality is that my mistakes in the past has cost me a lot of stress in the future. I may not talk as professionally as a lot of people on here but for anyone younger seeing this, please make these steps to better your future. You will feel much healthier than what i felt stressing with my ex, then the constant roommates to survive until i had to move back home. That was very stressful because of the rules and the rules set for my kids. I know my kids will remember that but they know they have a father that is not a quitter. In the end, i will not be able to provide enough money for my kids college education, but what i can teach them is financial education. Anyways, i have subscribe to the channel and will increase my contributions overtime.

@c.k.3161 Год назад

Thank you for sharing your story and your vulnerability. Your path and strength inspires me. Keep fighting for your and your kids’ financial freedom.

@jenniferburbank6777 Год назад

Good job! 🎉

@karynvon195 Год назад

It is hard to save esp if companies don’t pay you enough to cover your living expenses even if on the budget. Her points are great , but everyone ‘s situation is different for each individual.

@Twinkie989 Год назад

Yep. I didn't open a savings OR a checking account until I was 47. I had one before I met my financially abusive ex, but opened one as I was leaving. I cannot wait for the redistribution of money when our divorce is complete. He will have to process losing- and I will just feel more secure going forward (for myself and my kids). I second that it is essential to be in charge of your finances/life. You can't get that back.

@bill4632 Год назад

You're not alone. I always knew it was important to be financially savvy. I've been through divorce & a vehicle repo. Really messed up my credit. I'm a late bloomer financially. I'm in my 40's and finally have well over $20k in my savings. Wish I knew more in my early 20's!

@UsurpersAndAssassins 4 года назад

I really do wish that they had taught me this stuff in school. All those wasted years!

@aliciab6193 4 года назад

I know right? School was so boring and I never learned anything useful! Seems like I spent years learning about the revolutionary war and the lifecycle of a cell, but not how to get a job, or pay bills, or fix things!

@jarc02 4 года назад

@Andrew and @Akicia if they did offer a high school course in this would you have been interested in taking it at the time?

@itsrosehan 4 года назад

Andrew Costello 💯 💯 💯

@aliciab6193 4 года назад

Yes jarc! I actually asked for classes like that in my highschool and got told I was an honors student "so I wouldn't need it." I was also told that if I was interested in "adult roles" classes I could take home a fake baby in health class. I was like wow neither one of those things has anything to do with investing or getting a job once I graduate. The takeaway was pretty much don't have babies. Babies=broke and miserable. That's all my highschool wanted to teach us. Also apparently honor students just need to worry about acing exams and getting into college....where I also learned none of this stuff lol. Thank goodness nowadays we have smartphones and RU-vid so I can learn whatever I want!

@jarc02 4 года назад

@@aliciab6193 I ask because in HS I had no interests in this and wanted to gauge if there are HS age students who would be interested. I am old school and learned by watching CNBC and reading books.

@Teech_ 4 года назад

So me and my fiance had different views on finances. I like to plan, budget, invest etc. and she basically is the type of person who says " money is not everything." no saving or planning. That relationship ended. Word of advice be with someone who understands finances if you are about that life :D

@justhighlights.2737 4 года назад

Teech 100

@annrheczelcasuga198 4 года назад

Problem is i am married to 1 😭

@gold9ja 4 года назад

Amen

@blackcelebritynetwork166 4 года назад

You should say "money isnt everything huh"? Ok (wifey) you pay for dinner tonight at this restaurant, you pay the mortgage, car note, etc. etc. etc....

@vickyy.9880 4 года назад

Wow im dealing with the same exact thing now all while he has no savings and doesn't even listen to me when I speak about investing and saving techniques.

@Essack602 4 года назад

I just discovered Rose..........I bought a notebook and cancelled all my weekend plans lol! Thank you Rose! ❤️

@coratalks2u708 4 года назад

I am in my 60s. I've been watching RU-vidrs like you lately. I'm learning a lot. I think your budget advice is very practical. After each step, I paused the video to make adjustments to my savings accounts.

@randychestnut6591 4 года назад

Excellent advice, Rose. I wish I knew these techniques when I first entered the work world 40 years ago. I would only add one thing - give something to a charity of your choice on a regular basis.

@aliciab6193 4 года назад

Yes we donate $5 to charity twice a month at my work. Our boss takes it and donates to various places and they send us a Christmas card as thanks.

@itsrosehan 4 года назад

Randy Chestnut Awww I didn’t think of putting that in a budget, darn!! Giving is so important though... I would definitely include a monthly donation to a charity, perhaps somewhere along with the guilt-free spending category

@djalliville 4 года назад

SAME!

@eileenwatt8283 Год назад

. He's suppose to give you the name and tax I'd of the charity so you can claim in on your taxes. He's probably claiming all that money on his taxes.

@randychestnut6591 Год назад

I give to my church mostly, Eileen. Some years I can deduct charitable contributions when I can itemize deductions, and some years I don't meet the threshold. But I always give to my church, whether I can itemize deductions or not.

@lindajones2558 4 года назад

Love your vibrant and bubbly personality! I’m almost 60 🤦🏻‍♀️ and still finding your videos useful. Great job, kid! Stay safe and healthy!

@riflemanm16a2 4 года назад

Something I had to do to prevent dipping into my emergency fund or just not contributing to it was to make a savings account at a separate bank and modify my direct deposit instructions to divert a certain amount to that savings account. This way I never see the money, much like the 401(k) withholding, and it's just enough harder to use the money because of the delayed transfer to my checking account at the other bank and the additional username and password to access it. Paying oneself first is a great tip.

@itsrosehan 4 года назад

love how you're doing it - when you don't see the money, it's easier not to spend it!

@ashikalanser9033 4 года назад

I just realized two things: it’s insane that most of us never learn this in school, nor at home. I also realized I’m very frugal but I don’t feel like im missing out. I hang out with quality people and I read a lot. Feels very lucky 🍀

@nataliaportal5346 4 года назад

Jeremy no, your parent teach you to brush your teeth and shower, if they don’t and you regularly go to school dirty, the teacher generally helps to a point before reporting to social services. BUT Finances isn’t monitored at all! As a child and young adult you get fed to the debt wolves and told, well you’re supposed to know this. No One helps you! I cry every time someone says I got afterpay to get my new XYZ because I couldn’t afford the $500 right now...

@zarasjourney6627 3 года назад

@@nataliaportal5346 🥰♡♡so true

@kirstendepina 4 года назад

Ugh ROSE!!! Thank you so much! I’m 23 years old, with student loans (less than 30k) and a leased car ( worried on what crazy fees I might need to pay due to cosmetic & damages) but with a stable income ( thank god) . I have pulled the curtain off my lifestyle and it was SCARY! I have a LONG way to go but thank you for teaching me so much, I don’t have any support system in finances but you filled that role for me. Thank you thank you thank you

@SteveRam 4 года назад

Yes! Thanks for sharing! When I decided to take control of my money and started INVESTING IN REAL ESTATE that’s when my financial situation changed and now I’m nearing financial freedom! Great video.

@brookemitchell1676 4 года назад

Steve Ram Hi, Steve! What would you say is a good range of money to have before investing in real estate?

@SteveRam 4 года назад

Brooke Mitchell there are so many different ways to invest and different markets it really depends on what you are trying to do. If you’re wholesaling you might not need any money at all, if you’re buying a rental in an affordable CASHFLOW market maybe $20k, if you’re flipping in volatile markets you may need millions. Just depends what you’re trying to do and where. Hope that helps

@brookemitchell1676 4 года назад

Steve Ram that does help. thank you, Steve!

@vinal9515 4 года назад

So true. If I don't have a specific assignment for my money it just disappears.

@treverthompson1384 4 года назад

vina l I feel ya I’m going on 47 I’m broke and basically homeless didn’t have assignment for money and it vanished leaving me scratching my head wondering where the hell diid it all go?? 🤔😞 😩

@margarettasanjay2718 3 года назад

and ETFs are a very good starting point for investing, reviewing my decision to go into the market 2 years ago with lower than $10k but I have over $300k in profits and still growing. Think far and long term

@franklinhardy1156 3 года назад

I How so ma’am, I’ve tried severally investing in the financial market, looked like a casino, steady loosing my bid. What’s your way?

@margarettasanjay2718 3 года назад

The first step of profiting in the market is understanding it neither is a game of luck or gamble. Expertism and professionalism is a major key, appealing to work with an expert round the clock for investment. E D D Y B R U K E . I N F O

@rosariadesantos5116 3 года назад

I’d rather learn and make money myself I mean that’s the whole point of it

@contentmarketinginstitute7666 3 года назад

In the market luck won’t get you anywhere, it’s better to work in partnership because Yu will surely loose everything without direction. Speed is waste

@contentmarketinginstitute7666 3 года назад

I’ve been working with Bruke too for my investments and nothing beats a guide that’s an expert in his field Connecteddybruke@gmail,

@waltbutler9207 4 года назад

As usual, great material and presentation! This is exactly the kind of stuff that should be taught in EVERY high school. Love the channel Rose.

@itsrosehan 4 года назад

Walt Butler thank you!! 🙌🏼

@TheJessehart05 4 года назад

Rose, not only are you financially smart and disciplined, you are absolutely beautiful. I enjoy your videos, I learn a lot from you. Thank you for the time and effort you put into these videos

@reesea365 4 года назад

For any Canadians here, - 401k Canadian equivalent = RRSP (Registered Retirement Savings Plan) - Roth IRA Cdn. equivalent = TFSA (Tax Free Savings Account) - Taxable Brokerage Account Cdn. equivalent = NRA (Non-Registered Account) Some Canadian-based wealth management and investment services: - Wealth Simple - Questrade Or you can just use direct investing through your banks or other institutions, whichever you feel more comfortable using.

@fresnel8279 4 года назад

Love this concept of paying yourself first before other things. I’ve always tried to do it the other way around. Thanks!

@kopiko1950 4 года назад

Just scrolling in RU-vid to kill time and then I found this video. The learnings I got in this video are like a eureka moment for me - a serendipitous realization. I’m not even from USA, so the first two steps don’t personally apply, but I got the meat of the lesson and now I’m truly excited to plan my future that is financially free 🙏

@WealthyTiffany 4 года назад

So important to have a plan for your money! Thanks Rose! 😊

@tiffanytreviews 4 года назад

Tiffany Thomas, your wealth mentor Agreed!

@primeworldnews6072 4 года назад

Definitely need a plan so you don’t spend more and more, just like Rose said!

@itsrosehan 4 года назад

😊😊😊

@mascatrails661 4 года назад

Great advice! Only thing I would modify is spending from a credit card vs spending directly out of the checking account. For one, the identity/consumer protection is much stronger in credit accounts vs checking... A fraudulent charge on your checking account could have your money held in limbo while one on your credit is only holding your credit card company's money in limbo. Second, you can earn free money! With a rewards card such as one with cash back you can earn ~1-5% back on some/all of your spendings that you would've spent anyway. The third advantage is you can help increase your credit score and your relationship with your credit provider, eventually increasing your spending power. The BIG caveat is you MUST spend responsibly and pay your bill in full each month. Paying your bill in full will avoid any interest charges and paying attention to your statement total on the statement date (keeping it under 10% of total credit line) can help boost your credit score.

@lisadearing5960 9 месяцев назад

I absolutely agree! The amount of fraud these days is mind boggling! We only use our debit card if we need to get cash from the ATM. If our credit card gets compromised, it’s not my money! When you put your debit card in the little black wallet at a restaurant, you are leaving yourself wide open for someone to steal your card information and they will wipe you out in a blink of an eye!!!!

@jimmy-uv4rb 4 года назад

Hi rose, I've only recently starting investing I'm 23 , and I find your videos different compared to all the other ones on youtube. I love that you can THINK for yourself. You've actually opened my mind into alot of opportunities even though I'm in Australia. I greatly appreciate your videos. Keep it up, you're an amazing human being ❤❤

@modernadulting6857 4 года назад

Calculate your monthly income. To create a budget, first, you should calculate your income.

@PassiveIncomeTom 4 года назад

*Yes, so true. Know what you are doing with your money and always pay yourself, first.* 👍

@deannawong2142 4 года назад

This was really helpful for me, especially since i'm starting my first full time job out of university! I'm gonna definitely follow this beginner budget 👍

@itsrosehan 4 года назад

Deanna Wong Yayyy the perfect time to start!!! Glad you are going to learn from my mistakes because I definitely didn’t do this at my first real paycheck 😆

@graceb2404 4 года назад

Same here, started watching Rose's videos shortly before graduating (I just did, Yay!) and before starting my fulltime job. Corona's given me more time to be more financially literate!

@bonitahill5239 4 года назад

Thank you!! Sent this to my son since he won’t listen to me 😊😃

@christiangee8978 4 года назад

I am currently a 20 year old making around $950 a week and thanks to you , now I know where to put my money in.

@RaptorPilot700 4 года назад

Great video! The only thing I would add between the 401K Match and Checking Account would be an HSA. I only learned about HSAs and their tax advantages last year but I'm happy I started maxing mine out last year. Keep up the great videos! I'm learning a lot! Thanks!!!

@TheIgnoredGender 4 года назад

Once I'm eligible, I'll open a 401K with my employer. I use Capital One 360 as my emergency fund I use Fitness Bank as my short-term savings (saving up for a car). Opened a Roth IRA with TD Ameritrade just recently and I plan to contribute $500 per month. I set up my direct deposit to put 70% in my checking account, 25% in my Fitness Bank account, and 5 % into the Emergency Fund (which right now has about $2,000)

@brandymercedez 4 года назад

Honey you are doing it! And a true inspiration!

@randy.deville1530 4 года назад

I 👀see a lot of people and their bills out according to their pay-such as vehicles -and of course vehicles depreciate fast -not an investment -I know people like this that go all their life and never get ahead -great info in your vids -not many people your age have a grip in finances-I can tell you like this -you need too make a career doing this!

@mikram2613 4 года назад

I was never prepared for this in school I learned all this stuff over the last forty years, if I New this in my twenties I wood be a million air.

@infestation69 3 года назад

Big Dave Ramsey vibes in this video! The Total Money Makeover is a good book to read!

@TTT_T94 4 года назад

I love the tip about thinking of your employer’s contribution as “free money” and contributing the max. Such a great tip, thank you!

@stepponmee 4 года назад

This is the best budgeting video I've ever watched. It was perfectly laid out and easy to follow. Now I can enjoy my guilt free spending. Thanks Rose! :)

@lubnan08 3 года назад

Great info. I have a long way to go to be debt free but I will begin making small changes.

@rmj1014 3 года назад

Thank you Rose! You definitely made this budgeting system simple and easy to follow, I really appreciate it!

@nigell.8705 3 года назад

As far as me agreeing with you I normally do but I think Dave's baby steps 1 through 3 is the most solid advice as far as getting out of survival mode and changing behavior. I dont agree with his 4-6 steps because it's not black and white for everybody. But back to what I was saying, the focusing on one thing at a time is crucial in getting out of that mode of survival. I agree with you on everything else though and I love that you said that the brokerage account is the bonus step. I see guys personally that skip to that bonus step and they still have lots of consumer debt excluding the mortgage.

@MoorishBrooklyn 4 года назад

Man oh man. Goodness gracious; that part where you said you wish you knew what you could have done to invest your money when you was getting bonuses or when your mother told you to save but didn't really hit home for me. I have wasted funds in the past and although I may have had a bank account from a young age, was familiar with stock investing, etc I was never really sat down, went through each option, or was told the MAJOR benefits and options by anyone. The thing now is we learned from those mistakes so everything else from this point (starting/re-education point) is smooth sailing.

@cheekymonkeygirl3378 Год назад

Rose, you are my inspiration! I have always been bad with money because it stresses me out, but after watching some of your videos where in one video you said you can do it as an immigrant, we should too. I am just summarizing your words. So that motivated me to do well. I wish I could be well off and retire early. I'm 37-year-old and I'm clueless about finances. I live in Canada so I always have to look up the equivalent of the things you mention in your video. Your videos are simply put and love your warmth and cordiality. 🥰🥰🥰🐭

@reginaargentin2864 4 года назад

More videos for us entrepreneurs please. It’s difficult to save when cash flow can vary.

@caykeface 4 года назад

8.2% interest from Fidelity, that's INSANE. I'm so sad I'm just learning about this but also so thankful. My money is just wasting away building NOTHING with BofA. Thank you!!

@lizzymccahan4664 2 года назад

I’m learning so much from you! More than I have about finances in all my 34 years!! Thank you 😊

@davidmejia2404 3 года назад

Hello. I’m 21 almost 22. I had a TERRIBLE habit of spending my savings. This video has taught me a few things about proper financial maintenance. I started saving and my goal is to reach $5,000 to start off. This video has given me a wake up call. I wish my peers would teach me this instead of calling me irresponsible and not showing me how to effectively save.

@cheekymonkeygirl3378 Год назад

You are young still. It's not too late for you.

@autumcity8410 4 года назад

Thank you for this. 2020 has really humbled me and I'm trying to set myself up better financially

@jneworleans 4 года назад

I fell off being financially responsible. I randomly saw one video and have since subscribed. Now, thanks to your videos I feel like I’m getting back on track.

@achieving.excellence 3 года назад

Education on the fundamentals of money is so important... information like this really needs to be part of the school curriculum.

@samre3006 3 года назад

I really enjoy watching and learning from your videos. I don't money smarts to begin with and made quite a lot of bad choices and wondered why I am always broke. I am about to change it. Your videos are a great help.

@ciarraflannagan9424 4 года назад

I 1. Put 300 in an emergency fund every pay check 2. Put 150 every month in my Roth IRA 3. Pay all my bills for the month 4. Put a 100 in my brokerage account for individual stocks every other month 5. Then spend the rest on fun lol

@xNEONxHACKZx 4 года назад

Which broker do you use if you don't mind me asking? I'm about to start doing literally the same exact thing as you lol

@ciarraflannagan9424 4 года назад

@@xNEONxHACKZx lol I feel like I have a good little system haha but I use Charles Schwab as my brokerage account. I also have my Roth and Checking account with them. But they are great brokerage firm. Hope that helps!

@ciarraflannagan9424 4 года назад

@Jeremy lol thanks. However, I have a certain amount I want in my emergency fund, so once I get there I'll put more in. But yes I do think I should put more in my Roth for sure, anyway thanks for the tips!

@sayz201 4 года назад

Can you withdraw your Roth IRA money before retirement and pay tax on it? How does that work? I’m so new to investing! Also, is Ally bank good for high yield savings account?

@Bill-vi1vp 4 года назад

@@sayz201 If you pull out your principal, you will not have to pay taxes. If you pull out the dividends earned, then you will pay a hefty early withdraw fee and get taxed on the dividends.

@senorathiele8619 2 года назад

Thank you for explaining in a way that makes sense to the layperson! I know now what I’m already doing and what my next steps are. 💖

@foxhound8343 4 года назад

I had read " Latte Factor " by David Bach" and inspired about Investing money for my future. I wish I started earlier age. I'm in 40s now but I'm going to start. I wonder if you could make a video for late starter.....

@itsrosehan 4 года назад

Fox hound Great video idea - will put it on the list!

@risingmoon2010 4 года назад

I'm in the same boat. Thanks for making this request!

@karlareyes4688 4 года назад

Same here!! Need help to get started now that I'm on my 40's working in restaurants that don't offer ANY type of benefit 😓

@ronniedelacruz5173 4 года назад

Hey same here! I'm in my 40s and I wish I started earlier but Rose your videos have inspired me! Plus the way you explain concepts very simple! Keep up good work!

@lizzylaura100 4 года назад

Same here, I'm the mid of 40s just migrated to US less than 2 years, have start everything from 0. Now i had a quite good job and company offer 401k. Would like to hear your advice for late starter 😊

@javierperezbanuchi9260 4 года назад

This is so on point! PAY YOURSELF FIRST!!!🙌🏾 Thanks for the tips!💪🏾

@diamondsfanj 4 года назад

Just stumbled across you last night, been listening all night at work. I know a lot about finances already but I’m a newbie to investing. I also like to hear others’ opinions and see where I can improve

@mariaofoegbu9851 4 года назад

Thank you for being my financial advisor 😭

@opemipoajibose5224 2 года назад

Excellent advice Rose! You made it so easy to understand

@christianmartin7976 3 года назад

I’m very happy to have found your page - your content is awesome! All of the direct and precise information that I was looking for. Thank you so much!

@helenagould2130 4 года назад

Rose, this video is amazing! I'm very interested in personal finance and have been reading a lot on Reddit and watching finance videos on RU-vid, but your channel is so succinct and helpful. I'm sharing this video with my younger sister to help her get set up with her finances. Really appreciate it!

@oscarerroa2287 4 года назад

Very short, Simple and to the Point Videos. I Want You to know that You Are Very Much Appreciated. You Are Helping Me a Bunch. Gracias, Gracias,Gracias!!!

@chastinekayelee1845 4 года назад

I love all your videos very much. More info at knowledgeable videos. I love yah ❤️

@totallysick88able 2 года назад

The earlier you understand this in life the better because when you start generating decent income, you feel safe buying expensive liabilities such and nice vehicles or expensive rent but then your left with nothing to invest. Pay your self first and you’ll have a clear idea of the liabilities that you can realistically take on.

@roseriddick8083 3 года назад

I wish I had your advising when I was a kid starting in the workforce.

@aliciab6193 4 года назад

Thank you so much! I work at a bank and the only things I knew about in this video were the 401k and IRA stuff. It never occurred to me to open an account with another bank because it might pay me more. That pay yourself first stuff sounds like a really good strategy and I want to get up earlier too. Please keep making great videos!

@itsrosehan 4 года назад

Alicia B You’re so welcome! Very happy to hear that my video gave you some new ideas. I will keep the videos coming 😊

@aliciab6193 4 года назад

I actually did some digging today at work and found we had some other types of accounts I didn't know about. I opened one today and set up some auto transfers since it was payday. Just $10 a week now will add up to alot later. I also learned that my CD could be put into a Roth IRA instead and not affect my taxes. I also redid my w4s in the hopes of not having to pay state taxes next year. And I wouldn't have done any of this today if I hadn't watched your video because I was too bummed and overwhelmed. I hope to learn more soon about what to do with the real estate I own to make more money.

@cameronhoward4718 4 года назад

This is something I need to watch once every week lol.

@soledadortega3565 4 года назад

Thank you Rose. Definitely this video is so helpful to me. and I will put all your tips into practice. I wanted to say to, because of your video about Fidelity saving account, I recently submitted my application to open an account with Fidelity. Hopefully I get approved. Thank you again. 🙏🏾

@tomj528 4 года назад

Good solid "meat and potatoes" advice and a recipe for success. Budgets do suck but I still make one at the beginning of the year of my expenses, not to determine how much I can spend, but how much I can save. This is basically how I started 25 years ago although I made saving and investing more of a priority with a high savings rate by spending only what I needed to be happy and I'm glad I did. We still had everything including several low cost, relaxing vacations each year and there's nothing better than the financial security we achieved relatively early. I hope you younger workers are going to act immediately on the good advice in the video as this is the first step on the path to success.

@black_guardd1194 4 года назад

One thing I would add is put all bills, if applicable, into your credit card that has cash back. Pulling funds out of checking account to pay bills does not add more funds into your savings. Also grocery or needs should also be into rewards card. I get 1.5% from all spending and may switch over to another card with 2-3%.

@beasleydonita 2 года назад

THIS WAS SOME VERY VALUABLE INFO, THANK YOU ROSE

@maggie3315 3 года назад

I love this channel she talks about ppl who lived pay check to pay check most channel only talk like everyone watching is making 100k a month..🙏🙏

@MrTKE171 4 года назад

New to your channel and I love how you broke this down! I watch quite a few financial help channels and yours is one of the best. Thank you 😊

@christopherhernandez3909 4 года назад

“It didn’t really sink in because I never listened to my parents” 😭😭😭 I can relate 👍🏽 15:32

@itsrosehan 4 года назад

LOL glad it’s not just me then 🤣

@christopherhernandez3909 4 года назад

Investing With Rose you really seem like the angel child type honestly lol 😂

@neelrastardust3052 4 года назад

I use Chase for checking. They waive the monthly fee if you have at least $500 direct deposited into your account. Zelle comes in handy to receive or send money.

@MySambo89 4 года назад

Oh my god... this is what I've been searching for my whole life. Thank you.

@millennialanon8583 4 года назад

This is really great info! Currently working on paying down debt but your mentality with money is very similar to mine once I get my debt paid.

@nasina6699 10 месяцев назад

notes for me, -switch to fidelity checking bank account -building an emergency fund -around 1,000 emergency fund - monthly transfer to saving account - put money in an ira after building up emergency fund -a lot of tax savings fidelity and vanguard is a good place to start -

@Bradley7440 4 года назад

I use Fidelity's money market as my checking account. It can do everything that their regular checking account does but at a much higher interest rate.

@zeltael-amin5383 4 года назад

i thoroughly enjoyed learning some the basics to money management....like you wish i had this lesson some years sooner...but now im trying teach my grown children how to handle their money...so thanks for sharing your knowledge and advice.....

@samgarong 4 года назад

hold up did homegirl just say TWENTY THOUSAND DOLLAR bonus?????????? lmao

@Remo1147 4 года назад

I know, here I am making 22k a year

@christine2952 4 года назад

Yea she’s definitely on a whole different level! I will be evicted from my place if I do this. I was like $500 a month in a Roth IRA???? 🤔 is $50 okay????

@srosales7895 4 года назад

You can make alot of money. Look into Sales. My commission in Jan was about 20k ...outside my salary. High level sales or real estate for you young ones. Look into it. You won't make it year 1 but its possible. Especially if you're in your 20s. Also get skills like learning google analytics, excel, PowerPoint... theres a wealth of knowledge. If i knew what I know now at 20 ....wow

@brookemitchell1676 4 года назад

s rosales i’m great at Excel, but i don’t know how to monetize it

@roxanneconner7185 2 года назад

@@Remo1147 lol same

@loso2949 3 года назад

I've seen quite a few investment pages but you just became my favorite. answering so many question I didn't know I had

@laurens.7962 3 года назад

this was well organized and easy to follow. this made the whole process way less daunting for me! thanks so much!

@Zerondaes 4 года назад

If only I found this video back when i started working in college. Thank you Rose for the great financial insight!

@krabkakes9535 4 года назад

I do something similar but I use a separate bank account for fun money. So every paycheck, X amount is deposited to checking account 1 for "fun money" (restaurants, Uber eats, going out with friends, buying things I don't need, etc). Then every paycheck, the remainder is deposited to checking account B. I pay my bills on this account and maintain my emergency fund in a savings account linked to this checking.

@tyronedowden3983 2 года назад

What I think is that this video was very informative and that you absolutely KILL IT!!!

@dennisgrootfaam3898 4 года назад

Hi Rose, I pass stap by stap budgeting. I doing procent budgeting. Every month 20% saving, 40% food, 25% other expenses and 15% emergency fund. The savings are for investments. You are doing great.

@gillianmalamug7793 4 года назад

Thankful to come across to one of your vids! Now I am hooked. This is is exactly the channel I've been looking for.

@shawnsapp6611 4 года назад

so, so, so true I would go must farer than that like sept. fund four car repairs, rainy day fund for emergency of black in winter and summer lose power for more one day, house repair fund, holiday fund of gift, medical & dental emergency fund. Pay your self paid first regularly of your bills

@UltraMaga892 4 года назад

I like your show. I think you provide good sound advice unlike some other financial people. The only thing that I like to comment is big brand name banks do not charge accounts fees for a checking account. Actually it is the opposite. They provide convenience, they have local branches all over the US and provide accessible. I feel that a main checking account that does everything should be convenience and easily accessible.

@hannahblair5363 7 месяцев назад

Love the layout of the video and the explanations! The only questions I have- where would debt payoff payments come in? Paying off hospital bills, personal loans, etc? After you pay "needs" such as rent, gas, etc and before short term savings?

@miriamblanco6863 4 года назад

I’m canceling my many accounts. I don’t even want to think how much free money I have gave them for my 4 accounts.

@jedioutcast768 3 года назад

I am gona budget myself this weekend with the mentioned steps. Thanks Rose. Keep up the good work

@andelarummel5374 Год назад

Love your videos started watching many today.

@sarika811 3 года назад

Pay yourself first! I love that!!

@nadiapaxtor8908 3 года назад

Thanks God for this video. Thank you Rose for share your knowledge! I really like to hear your videos!

@modern_mind_coach 3 года назад

Rose, I will do anything you say! Your videos have helped me so much!!

@willyS502 4 года назад

I used to pay my self last(if it was any left)but my 2020 resolution was to pay me first. Do or die! I'm saving one week per month and finally I seeing my savings grow and invest. It's not easy, but doable.

@yogijoe6143 4 года назад

Thank you Rose for your valuable advice. You are great with these tips.

@chelbella6273 2 года назад

Top tip: after working out where all your money is going, give yourself an allowance every month and have it automatically go into another ‘spending’ or day to day account. Once it’s gone, you have to wait till the next month. I automate everything from my checking account including my ‘allowance’ and just look over my other account every month to make sure everything is running smoothly