Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
It doesn't make a significant difference until a few years before retirement. Sometimes the market rises, increasing the value of what you own, and sometimes it falls, allowing your new contributions to buy more. As long as the long-term trend is upward, you'll be fine. Trying to time market cycles is futile.
Retirees who struggle to meet their basic needs often failed to save enough money during their working years. Retirement choices significantly impact outcomes. Although my parents both spent the same number of years in the civil service, my mom invested through a wealth manager, while my dad relied on a 401k
I used to love doing laundry as a teen because my dad had a wallet but never put his money in it, it was in his pocket🤣. It was nothing to find $100 bill. Did I say anything?? Nope!! Dad never noticed so why would I say anything 🤣🤣. Mom would put it up and if he asked for lost money only then would she say “oh yea, I found it”🤣🤣
I have a mason jar labeled “mom’s tip jar” and put loose change that I find in there. Sometimes my sweet husband will put whatever loose cash is in his pocket, in there lol. I used to use it for the occasional latte splurge since I always drink coffee at home, but now I put it in a sinking fund.
I was so happy to see you and miss your RU-vid videos. Your clarity is so welcomed. I started stuffing envelopes since I saw your first video Oct 2020. For this year I have already stuffed my Christmas envelope and has put it in a high yield savings account. Thank you for opening my eyes to this type of savings, actual cash gives me power over my funds. ❤️
I love this, you are such an inspiration, I want to start my own budgeting channel, however I might feel embarrassed and stressed out because I will be doing too much with going to school, and a part time job ❤
I thought I was seeing things wrong when I saw the euros in your wallet 😅 and I wanted to ask if you sell your 100 envelope sheet separately as a printable? I made some myself, but I'm not so happy with my sheet. Greetings from Germany 👋🏻
YAY!! I love cash stuffing. I find it interesting you faced your bills backward in the cash tray. Is that your preference??🤷♀ On a personal note I can't have $50 bills (they're bad luck) 🥺& ALL of my money has to face the same way. 😜 I know some people don't care about their cash facing the same way 🤣, but I'm glad to see your video pop up in my notifications!! 😁
I have been doing month end balancing for several years now. However, my schedule is such that I don’t have time to balance on the last day of month. Is it acceptable to balance (zero out) on the last SUNDAY of each month (although it will be different date each month) instead of last day of month? Will this make difference? FYI my income is last Thursday of every month. Or do I need to wait until first Sunday of next month to balance & zero out?
How do you track the extra money you put in your 100 envelope challenge left over from your food fund? Do you track it as a food expense and then a deposit to your 100 challenge?
Do you always use cash? And why use cash instead of Debit? I’m trying to figure out if I should keep using cash or use debit instead for convenience purposes. What would you recommend. I already use debit for auto draft bills and everything else is cash
I don’t know what she would recommend, but what I do is I budget the cash but keep it in my bank account (things like fuel, groceries since I do delivery) and bills. I pull cash out for savings or things we don’t often spend like furniture and car maintenance
Love the channel❤. Has helped me immensely and many others. Your simple approach to everything is is exceptional to the average person. Are you going to do the savings binder as printable? Congratulations to you and your family for your future goal and dreams. Well and the way to them and have no doubt you will achieve them. You have so much engery, passion and positivity. Sooooo inspiring🤩😍💞.
Stuffing your cash envelopes & contributing to saving challenges are a part of budgeting. A ton of people love watching cash stuffing videos. Hopefully, this helped. :)
go to her website…she has some helpful information to get you started. Her website and IG also have so many other resources for budgeting. or even her YT older videos may help…😊
This is only a portion of her entire process. She already budgeted her spending amounts, and now she's just setting cash aside for certain expenses in her budget.
She does the budget by paycheck method. She has tons of videos on her channel that will help explain. She ready did her “budget” before this video. Now she is stuffing sinking funds and cash envelopes which is part of her budget process
