How to Budget with a Low Income | Budget with Me!

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I'm writing out a $2,000 monthly budget based off of my own budget when I was earning just $2k/month. I am collaborating with @NolanGouveia on this video, so be sure to check out his video to get more tips!
Professor Nolan Gouveia's video: • BEST budget on a low i...
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Опубликовано:

31 июл 2024

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Комментарии : 77

@earthyvibrations11.11 Год назад

Honestly the idea behind this is good but I feel like these numbers from 2011 should be scaled up to account for inflation

@moongirl668 Год назад

Sooo....if my take home pay is $2000 a month, but the cheapest 1 bedroom in my area starts at $2200.... It is kind of misleading to use 2012 prices to budget a 2023 wage. I am very frugal and just my electric bill is $200 a month, not $10

@elenapoliashov6486 Год назад

I was looking for this comment!! Like that is so unlikely!!! No way you can find a apartment for that cheap!

@destinypointer9069 Год назад

Me and my sister won’t run the AC often; we’ll turn the lights off until it’s dark; we try to use more cold water than hot and we don’t run the tv and other electronics often so we keep our electric to $75-$120/month.

@NierEnix Год назад

For real even in the ghetto neighborhoods I grew up in the cheapest is like $1500 studio apt but back then it was $300 for a 2 bedroom house.

@Hellomisscatie 11 месяцев назад

Even with roomates you would not find or want to live in a $350/month apartment.

@victoralvia 9 месяцев назад

It's better if you find an apartment that costs only 0.99

@tikkakitty8802 Год назад

I get around $1000 a month and half goes to rent so its very hard to save but i try to put away $5 a week away but often find it hard to do so. I’m making it work though

@tikkakitty8802 Год назад

Rent in australia is crazy right now and since i have a disability i have very high medical costs so i have the cheapest place i could find which is half of my income. I live with my grandmother in a unit attached to her house but if i were to live in an official rental that is the cheapest i would be paying 90% of my income. She has let me pay half the lowest rent so 50% of my income going to rent is the best im gonna get but it means i have to save up to go to any medical appointments.

@greenlantern1986 Год назад

Can we go back to the 2012 numbers!?

@livingunashamed4869 Год назад

Haha this is similar to my income. You don't have to make a lot to live nicely. Don't forget to give guys! No matter what income always be giving back :).

@jjbowman4653 Год назад

Also, don’t forget giving looks different for everybody and isn’t just monetary ❤ When I couldn’t get a job in high school and after graduation I spent 4 years volunteering at a youth and adults with disabilities riding facility What you can afford to give is enough even if it isn’t what others can give ❤

@dunarabai7359 Год назад

Amen 🙏🏽

@onegoalfinance Год назад

Great walkthrough of creating a budget! Any weekly budgeters out there?

@41yearoldnewdriver 3 дня назад

I started budgeting this year in February. Thanks for the video!

@NolanGouveia Год назад

Great video Justine! Way to break it down so clearly. This is so valuable for anyone with any income!! Nice collabing with you :-)

@DebtFreeMillennials Год назад

So glad we got to collab together!!

@yelitzaaraujo1496 Год назад

@@DebtFreeMillennials can you please tell me where is the free excel tool?

@JeredtheShy Год назад

I gotta admit "250 for the blow" passes the broke people sniff test

@SearchingforSage 3 месяца назад

Thank you for sharing! This is helpful and I'll definitely be using it.

@GoldenGirlBudgets Год назад

Great collab! Also, I agree that no matter the income the method works the same. The numbers just look different.

@mmowec8159 Год назад

Extremely helpful! Thank you so much

@tonyz2551 8 месяцев назад

My debts mess me up in savings but im getting rid of them to finally be able to breathe. Even with my own studio($1740/month) ill now be saving at least $800 a month without my debts and this is with a high car payment! Its possible but just don't get yourself in debt with credit cards 😭

@marik1104 Год назад

Great video. Thank you!

@blackqueenvibes 9 месяцев назад

This literally helped me 100%

@keichan8888 Год назад

when she said rent shoudlnt be more than 35% of take home pay and im paying 650 on 1200 xd

@befree9579 3 месяца назад

Make sure u dont own a car on that income

@alexgrillakis3019 Год назад

Very helpful !!

@3031mane Год назад

Everytime she says "blow money" a little voice in my head says, "wink wink". 😅

@ZoidBorgir Год назад

Same lol😅

@3031mane Год назад

@@ZoidBorgir 👏🏿👏🏿😂

@e.maevillalba6820 Год назад

Omg I am so glad I’m not the only one!!

@713smilie Год назад

Thanks for this video. Very helpful for me. 😊

@DebtFreeMillennials Год назад

You’re welcome!

@JonathonDenson Месяц назад

Anyone else laughing about "$200 for blow" lol

@jdogswifty4372 Год назад

So you still paid off the 0% interest item to a family member first? I'm debating where to rack and stack a 0% interest credit card payment that was used for a single item that has 60 month interest free equal payments setup that pay it off by the 60th month.

@CredentialedFM Год назад

I would simply to get out of the strain it could cause in our relationship.

@platinumjazz_ Год назад

11:50 250$ for the bLoW? Gotta have that blow 👀🤣

@Banban_tv Год назад

I'm dead 💀 🤣

@alexisaubrey8366 11 месяцев назад

Hi, living in 2023 there's no place that has rent that's under the 35% rule for me. especially living in a city.

@befree9579 3 месяца назад

Live at parents or rent a room to keep rent under 25% of ur income

@Jamlife16 7 месяцев назад

my biweekly budget is 1200, and my mom is retired. We make it work because we dont use credit cards

@BellaFrice 23 дня назад

My car note half one of my checks a month 😢. Brought my car before the inflation hit. And before my paycheck went down with changing needs of hairstylist since the pandemic

@jimgeneva2464 5 месяцев назад

Does anyone have a category for charity or gifts?

@likethemermaidariel 2 месяца назад

The bases of this is good. Doesn’t work for the larger portion though.

@rachaelmiller2289 11 месяцев назад

Wow extremely unrealistic to use 2012 prices in 2023 this is totally laughable to see you do this. Did you seriously think this would apply in 2023

@kayf9643 Год назад

Mine is sooo below £1,000😂

@bettybutler1686 Год назад

Gr8

@kirakira5252 Год назад

america is crazy i am italian and my low income is 800 euros which is like 850 dollars. an i struggle but can survive hahah

@brandip2446 Год назад

What's rent there? Rent in Canada for 1 bedroom is 1800 to 2000 Canadian

@brennaweaver3974 Год назад

Yes. We are. $850 is a rent payment or a trip to the emergency room.

@jameskristengrossman8999 Год назад

Don’t be spending too much on “blow” to have fun...

@DebtFreeMillennials Год назад

Lololol

@theestradas1041 Год назад

You can't even rent a room for $700 a month.

@brennaweaver3974 Год назад

My one-bedroom apartment (600ish sq feet) is $700 a month, but $700 a month is quite a bit more than 35% of my monthly income... that being said other similarly sized units are rare (most apartments here are two bedrooms) and usually go for $100-150 more. But I live in a semi-rural area in the Midwest, so cost of living is allegedly lower.

@JesseMerrick9797 Год назад

Yeah agreed, I can’t find a room to rent near me for less than $1k a month. Which is a lot more than 35%. Also car insurance where I live is about $200 and gas is at least $150 per month. There’s no budget scenario for me right now that doesn’t have a negative in front of it.

@footferrie 7 месяцев назад

Allegedly? At that rent price its not alleged lol @@brennaweaver3974

@MariaGarcia-gv8hj 7 месяцев назад

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*

@laura2255 7 месяцев назад

Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Earlier this year, I hesitated and failed to take any action until now. However, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties, I really wish I can achieve what you and your partner has achieved. I believe and it will surely happen.

@user-di4gp6zy1m 4 месяца назад

Why Thomas do you have to say that? Are you tom cruise

@judith3413 7 месяцев назад

I'm doing the same. I'm hoping to be done in between 3 to 5 months.

@sebastianmathues2573 Месяц назад

So the moral of the story is people who make $15 an hour and are lucky enough to have a partnership with somebody or a friend who makes the equivalent make just about as much as this person makes in 2012 meaning that there has been no increased to the amount of money that we make, but the cost-of-living has tripled if not quadrupled over the last decade Seems as if our society has failed us

@lelebella3252 Год назад

Not the same

@DebtFreeMillennials Год назад

What do you mean?

@omaragramonte9842 8 месяцев назад

Well because you’re using your very situational zero based budgeting to people who are watching this is in 2023 and very rarely would anyone have a landlord or leasing office with open WiFi. Overall just send unreasonable to used this as “low income” budgeting. Also living in Kansas isn’t so fair since it’s one of the cheaper places to rent. It’s just that this is such a large platform and this would never realistically be helpful to “low income budgeting”. Just seems like a simplified 101 zero based budgeting explanation