How to Make A Budget | Budgeting for Beginners 

A tip that I have is to hold most of your money in your savings account instead of your chequings account! So when you go to spend money, you are forced to look at your bank account to transfer money over and it almost makes you feel a little guilty. It's also slightly annoying which deters you from spending more lol

If you are reading this, I hope you have an amazing day and I hope that you find the inspiration to pursue your passions and your dreams. Just remember, you can do it ❤️❤️❤️

Figuring out my "guilt free spending" amount was the MOST empowering and helpful tool when I started budgeting. It feels like parenting yourself a little bit, but it's literally an allowance and it makes me so much more relieved to know that I can afford to buy the things I want sometimes! It also forces you to be more conscious in your purchasing decisions, and intentional. Do I want to buy this now? or next month? Will I still want it then? etc etc. Great video!!

*me taking restaurant recommendations from your budget spreadsheet* 😂

it just hit me when you say that the best thing about making money is to spend them, because all this time I feel guilty if I spend my money to buy clothes/games, its like I think all of the money I make is to invest.

I just spent 2 hours making a budget of the past 3 months. I keep telling myself I need a budget but haven't found my platform to keep track of my spending. After watching this video I love the excel idea just being able to see laid out. Hopefully this will stick! Love watching your Financial videos!

my motivation to budget is to move out!! It's really expensive to live in NYC and Im still living at my parents!!

Thank you SO much for all the budgeting videos Elena! I'm 19 and about to be in my last year of college and I've been trying to be more intentional about saving money instead of spending it all on starbucks😂 Thanks to you I opened a Roth IRA, invested in stock, and have an emergency fund!

Hi Elena! Please do another 'what I spend in a week' video - it's how I found your channel! :)

U r the big sister that i never knew I needed 😭❤️❤️❤️

Literal definition of brains and beauty

Wow I was today years old when I learned how to budget....this was amazing and so helpful! I look forward to seeing more of your content! :)

Thank you SO much. This is so useful, as well as all of your other finance education videos! I would LOVE a template of your spreadsheet & i'm sure many others would love that too.

Ahh this is very helpful for someone just starting to get into adulting, thank you Elenaaa 😭❤️ Really appreciate it and have a nice day!!!

Yes! The word budget also doesn't have to be a negative word - it should be thought of as a neutral and something you are in control of! It doesn't just mean it's restrictive - it's just how your money works for your life!

QUEEN I NEEDED THIS!!! YOU HAVE NO IDEA HOW MUCH THIS HAS HELPED!!!

Love, love, loved this video, Elena! So informative and empowering. Makes me want to embody Cher's *rich man* energy!

Thank you for this video!! I will move countries for uni on august and your videos have been so helpful to start figuring out how to manage money and live on my own for the first time.

First time watching your videos. Thank you! I love how helpful it was but most importantly how relatable you made it. Thank you Elena! you got a new subscriber!

needed this because im terrible at it 😭 always giving us the content we need right when we need it

This video inspired me to take the morning to build the spreadsheet of all spreadsheets and finally get on top of my budgeting/finance goals! This is such practical but important advice. Thanks, Elena!

Great video! I’ve been really trying to get better with my spending and your method seems like the jump start I need 😊

Super helpful as always!! I get so motivated and inspired by your videos!!

Thank you for this video! I absolutely love your videos

this is SOOOO helpful. Inspired me to make a spreadsheet. Would love to see how you do business budgeting or if it is all in one account?

I think this was very helpful to me. I have Mint and did not know what to do with it in conjunction with other budgeting tips you gave it's super great and helpful!

Elena, in mint, if you filter each months transactions by category (ie restaurants) there is a small link at the bottom right to export all the transactions to excel. which you can directly copy and paste into your custom spreadsheet if you delete a few of the columns. Would probably save you some time, instead of manually inputting every transaction individually

Can we download this spreadsheet and adapt it to our lifestyle? That would be really helpful

thanks for this! i had a budget spreadsheet while I was in college and was thinking I wanted to create a new one that was designed better for my life now post-grad. I'm going right now to make one similar to yours!!

I love a good budget video girl! Thank you sooo much!

hey elena - really enjoyed this video! i thought i knew how to budget before but this was a great video to help reassess my budget and put into perspective meaningful budgeting!! graphics are killer too :)

i'm starting uni in september, so this came in at the perfect time! :)

Sooooo helpful!! The video we all N E E D ♥️👌🏻💁🏼‍♀️ thanks Elena

Your videos have really helped make this less daunting. Thank you

this was really helpful!! I never think about this stuff but I really should, definitely downloading the mint app now. thx queen

I love these videos, could you maybe do one specifically for students?

i feel like this is irrelevant but i can't get over the fact how your eyes match so well with the color of the wall

Thank you so much for this Elena ❤️

I’m going to use the spreadsheet technique now. Thanks 👍

momma elena pulled THROUGH

This was so helpful!! Thank you!

Great information for beginners! 🔥

this video was so helpful! thank you, I've been struggling to start saving my money cause its super overwhelming.

Thank you, Elena for this video! You create a really nice and useful content 👌👍

this video was exactly what i needed thank you so much 🖤🖤

Elena! 😄 always love watching u!

Love the finance videos!!! More please 🖤

love this vlogs following you more than a year Ellena!!

🌟 I really enjoyed the way you explained it. Tips For Creating An Effective Budget- 1. Know The Purpose Of Your Budgeting 2. Make an Irregular Expense Plan 3. Know Your Income 4. Determine Your Monthly Spending 5. Set Reasonable Goals 6. Track Your Spending 7. Try Out Different Budgeting Plans 8. Create An Emergency Fund 👉 Stay connected & keep up the great work.

tysm!

sooooo fantastic!!! thank you!!!!

Thank you! This was so helpful. :)

Elena is now mum periodt♥️♥️😭😭😭😭

Great video!

any chance you could do a video on how to use vanguard and the mistakes to avoid and tips to use?

I would like to thank you personally for the tremendous work that you are doing. Thank you very much. I am proud of you, I hope.😂

Yes, i saw it,Cher is a legend😌💅❤️

*instantly clicks on video* this was so helpful thank you!!

Awesome video, it's always nice to see how others budget. But quick question how much should I budget for your merch? 20$, 50$, 100$???

Can you do a video about the best ways to start paying off student debt?

the perfect video edition my goodness

nice Video budgeting changed my life and i do it as well

Loveeee vids like this!

Elena, just wanted to share how I use mint and deal with the whole Venmo situation (Ik its super annoying). I understand why you have mint + the spreadsheet at the end of the month but tbh it sounds a bit redundant to me to do all the categorizing in mint but then have to copy paste everything in excel. I simply manually categorize my venmo transactions, and for everything else I have set "rules", so its pretty much automated. I only do this twice a week and it takes me ~5 mins to categorize all my venmo transactions in the correct budget category. After which, you can export everything into a spreadsheet already categorized in the correct place if you wish. Also, mint already has the feature where you can compare any month with any previous month as well. Just sharing my two cents! Thank you for the video, always enjoy watching your stuff!

Can you do a video about index funds pleaseeee

Loving all your personal finance content!! -- Question for everyone: I'm curious, when budgeting, do you all compare your earnings from last month to this month's expenses (since you're technically using the money you got from your paycheck from last month) OR do you all compare your earnings that you will be getting this month to this month's expenses? (I hope this makes sense)!

Hi good morning 🌞 good teaching thinking and how and to pick up your self in your personal activities in the life excellent discreptions and sajetations polite and sweetness in the precipitations God bless 🙏

would you consider sharing your excel spreadsheet as a template (blank)? It would be so helpful!

love you elena

Great video!!!! 🔥🔥🔥🔥

Thank you!!

Would you be interested in posting a downloadable excel budget template to your blog or something? I want to start on this but I’ve never really used excel before and I think it would be super helpful to have something I could just plug my numbers into! 😊

Anybody know the song at 3:11? I have no idea how to find it but I love it so much 😅

Thanks mom

Nice new background.👍🏽

Would you mind sharing a template for the budget tracker you made on excel? Their templates really over complicate the process for a beginner.

#ynabforthewin!

The editing that makes ur voice faster reminds me of ashley bestdressed

Is there a way do have like a template for this so u don’t have to redo the spreadsheet every month w formatting???

This is the standard Financial Order of Operations priority list for budgeting: Necessities Starter Emergency Fund (1 month of necessities) High Interest Debt Full Emergency Fund (3-6 months of expenses) Retirement Accounts (20% of gross income) Optional Spending

💗💗💗💗💗

I absolutely love your finance videos! Do you think you could do a crypto currency 101 video?

My girl.photogenic face photogenic girl❤️🥺

3 months of bank statements: gas, Wendy’s and bts merch

I do it with 50% expenses, 40% savings and 10% wants.

Have a goal Look at your bank statements for the past 3 months Break down expenses 50 to needs (rent, bills, groceries) 30 goes to wants (restaurants, games) 20 goes to savings Spend less than you earn

Don't want to be a party pooper, but I'm a bit older than you and we learned this SUM function when we were 10 or something in elementary school... :O

Looking so pretty

Why did you delete your vlog video

Hi Elena. 🖤

How is your WiFi just $30! Wow. Mine is $176 with xfinity 😫

Thank you for blessing us with us ✨🤍

Good video

not me coming back to this video two years later because I'm going to be a real adult😭

Sharing

omg I just had an exam this morning on budgeting lol

Hi, does anyone happen to have this spreadsheet template? Please

I wish I wasn't almost 30 when you started making these videos 😅

Would you be able to share your google sheets as a template?

Freaking model. See you soon at VOGUE!