November 2022 Budget | Cash Envelope and Sinking Fund Stuffing | Paycheck 1 | 23 Year Old Budgeter 

I love that you are so young and thinking about finances. Keep up the good work! ☺️

Just curious, what country/city still uses newspapers?

@@elt2773we do in Wales on the UK. Where are you from that doesn’t? :)

@@elt2773 GERMANY,NETHERLANDS, PHILIPPINES, AUSTRIA, USA, HUNGARY, just cause you don't see it??? Please go outside more cause evey country still has newspapers.

@@elt2773 CANADA, JAPAN, NORWAY, FINLAND, SWEDEN, ENGLAND, IRELAND, SCOTLAND, INDIA, CHINA, FRANCE, SPAIN, PORTUGAL

I went through these comments looking for someone else that caught that lmfao

Oh bless you. It also made me do a double take

Thought I was the only one who caught that lmao

LMAOOO idk how she though 4 20’s make 100. Stay in school kids.

@@kat_________________ it’s just a small mistake doesn’t mean she didn’t go to school

Me as well!

Giirl I'm stressed out looking at this omg lol

Samee

@@kila9288 Girl same lmaooo

@@kila9288 me too I have no idea what is happening. I guess I need to look at older vids Edit: I looked and I didn’t see any vids about what this system is to explain what she’s doing and she doesn’t mention it in the description box so I’m lost.

I think cash in general is not good to have lying around, but if someone is able to make frequent trips to the bank, it's not a big deal. I write it down on paper also but you can also use fake money / play money or Monopoly money if you like having a system like this!

Research what’s coming down the pipeline. Banks are closing accounts with no notice whatsoever. It’s taking months for account holders to receive their own funds back. Also, fireproof cases exist.

So I'm not the only one who has that fear?

Literally, who on earth actually pays cash for bills anymore

@@b-vQEVXideVFSCfCoFWw I understand. My husbands parents and my best friend both were robbed. Both in great neighborhoods. It really made me rethink cash in the home. Plus one time my wallet was stolen. My bank refunded me all my money whereas had I had cash it would have been gone forever

What is cash stuffing!? I never heard of this before

@@jessica3218 it’s what she is doing in the video. There is a ton of videos for beginners on RU-vid

How do you pay for monthly costs if you use this saving system? Do you transfer the banknotes to your bank account? Since everything gets automatically charged from my account

@@udontevenwannaknowbruv you can probably go into the bank to pay bills. my dad still does it with his bank

yess i just turned 18, nov 23rd and i'm definitely going to start. youtube is a big help

Are the accounts just separate savings accounts? Do most banks offer this?

i’ve started to do the same! makes things a lot easier.

@@caitxj the bank i’m with lets you have sub accounts which means you can seperate your money throughout them all! as far as i’m aware most banks let you do this (or at least a solid amount) but i’m not sure if it changes from country to country. i know that my bank, while not quite worldwide, does have global locations. i’d advise you to look into it for yourself! :)

@@sketchpup5718 Mine does too, it has ways to "Categorize" money, keeping each amount separate. Most digital banks/digital wallets have them. It's way more practical than keeping multiple bank accounts. + mine invests all the money there automatically.

@@sketchpup5718 What bank?!

I'm 25 now and just found out about this budgeting tool. Can't wait to start saving $ starting this December 🥺🥺❤ never too late to start! You got this

@@randomlyysillyy good for you! You’re like 7 years ahead of me. So by the time you’re my age, you will be so put together financially. Best of luck to you

@@msLittleDrama Same to you as well! ❤

Maybe a bit cliché, but it is never too late to start doing good things. 😉

your never too late

Yay, I'm so happy you are thinking about finances at such a young age! 😊

I wish I had started at nineteen, whe I got my first job 😭👍 you're doing yourself a life saving favor.

Same here!

Same here!

imma start doing this when i getbmy summer job lol

how do you find the time for it tho?

girl im 16 with deteriorating mental health but props to you

What state do you live in?

@@RomanticRose111 australia or nz, hence ‘maccas’

wow that’s incredible. i cant get a job til im 16

☺️

A fire safe is an excellent precaution!

you too you are loved and valued!! thanks for your post

Hope your trip goes well!

Hope you had a good trip!

My place won’t accept anything but check, I wish they would do cash though. I hate using the bank cause I really don’t trust the electronics to organize my purchases, so many ways a false charge can get undetected and makes it harder to organize & save. With this method you can feel it in your hands, visually view what needs to go where, and I think this is a more trustworthy way of operating. Also it makes you more apprehensive about spending because just a click of the button can be addicting and making it way too easy to overspend. If it’s right in front of you I feel like I save better doing it with cash. Too bad everything charges on card though. 😢

It’s not smart to use cash over a credit card

Probably case to case basis. This is maybe good for those who wanted to save up and track their expenses or those with little money to make sure they can budget. If you are usually a credit/debit card person you may need a different strategy.

It can be a chore but it really helps people get in tune with their spending habits. There is an app that does this same method which I prefer because all my bills are paid online and too much cash on hand is easy to lose. For those that need something physical to budget, I've seen people use fake money while the real money stays in the bank.

As a social worker, I have helped people budgeting many times. Personally, I’m not a big fan of cash either (for the same reasons you gave). But for some people, budgeting with ‘real’ cash, gives them a better look on their spendings. It can be easier for some people to see the money they are spending while they are doing it. For those people, I would recommend having there bigger bills (rent, etc) on auto pay on their account and the “luxury spendings” (going out to eat, fun things, etc) in cash and organised like this. I hope that makes sense, English is not my first language.

Possibly a long commute for work. I spend roughly $100 a week in gas - 112 miles round trip daily for work. Aldi and Lidl are cheap for groceries.

Maybe her groceries give her gas therefore she needs alot of gasX

Gas is expensive ?

@@nuages8915 To fill up a tank it’s like 30 or 40 depending on the car and how fully you fill it

obviously this varies per person, budget to what suits ur needs. i spend ~$40 a week in gas.

I have been longing for an iPhone since +-10years ago and still debating whether I should splurge and go FOMO for the iPhone 13 pink.. or save until I could get another chance in the future.

with how stupid apple acts that pink probably wont be released again for a long time lol so i say go for it

Feel you. Same situation. The good thing is that we learned,the bad way, but we learned.

can u explain to me the credit card part because our payment system here is different and I would like you to give me an advice how should I use the credit card ?

@@zakraouisara9191 well I think its more like how well you could control yourself about your spending in regards to what you could earn, so the balance stays in positive and you don't get into trouble by going into credit card debt. Because if you only pay the minimum bill for credit card, it will charge an interest based on how much you still haven't pay them in full (if you purchase something more expensive than you could afford, for example, if you feel Fear Of Missing Out in buying the latest iPhone, in 12 month installment for example, each month if you pay your credit card if not in full as charged that month, it will build up 'debt' that is compounding in interest)

Investing is considered a bedrock in making generation wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas.

You're right! I and my husband embraced trade fully after witnessing how it handsomely profited his colleague in the office, who finally recommended Ms Sarah Forley to us for legit Tradings

Exactly, I noticed the sudden increment of commodities recently, and multiple streams of income is an opportunity. If you don’t find a means of multiply your money you might wake up a day to realize you didn't plan well for yourself.

is there any means of communicating with her? I need help,

She's mostly active on TELE

I'm pretty sure that this wallet is per week. So you gotta save up a bit more next week to eat out.

@@juliajuliax thank you, that explains a lot, now I get it

I was thinking the exact same thing! I really wanna give this method a try but... the way I do things now is, I pay all my bills or cards then whatever money I have left over is gas/food/etc and WHATEVER is left over from that is my personal fun money 🥲🤧✋️

It is not suppose to be for immediate use - you build up the amount.

May I ask why?

Oh I feel that. Went back to school that doesnt give financial aid and loans are not allowed, I’m broke broke, but once I’m done and have a better paying job I want to do this to help me save again quickly.

Yes it does ☺️

Okay, you know what, I'm always trying to save and stash up at least $300 for significant something but then I need to be on a spending budget of $200 but also need food (but also eat healthier food). Thenon rare occasions, I'll take out either $50 or $150 at most to stash away in case something happens and I end up getting kicked out. But I don't make enough. I'll do it. 🤩

Hope you grow your business and save for college. Good luck!

Thank you so much for your kind word and for shop suggestions! ❤️

Thank you so much! ❤️

☺️

Thank you so much. I am working on posting them to Etsy! 💕

See I'm the opposite. If I have a card, I'll spend it all. Where if I only bring the money I'm "allowed" to spend, it'll force me to stay in budget and put stuff back if I can't afford it lol

I am so glad! 😊

Thank you ! 😊

I’m the opposite I tend not to waste money on frivolous things especially since I dont have a job

Thank you! ☺️

I don’t think this sort of budgeting would work for me because my life is just too inconsistent The envelopes are part of my "no surprises" budget. Dentist envelope $40/month. $1200 for a root canal always comes at the wrong time. Now I have $1200 for the dentist. $40/month is "consistent." $1200 is not.

Me too! 😊

Obviously subject to your job of course, but most people are not paid in cash and therfore otherwise don’t have the need to keep it on them or around the house because of how widespread contactless payment is for both small businesses and chains/franchises

Same in my country but i keep some cash for emergency and well for fun.

I will check her out. Thank you! 😊

Love Sara Marie’s stickers … and her RU-vid channel!

Yes, give it a try! ☺️

Yes, he's the sweetest! 💕

I am so happy for you! You are going to do great! ☺️

you better really job counting with your money you do have a lot of money. I watch you all the time you are the best RU-vidr because I watched a lot of your videos. I'm six years old. My name is Adalyn and when I get older, I go be a RU-vidr my birthday is in summer, August😊

How did you cancel the order? I went on the website and I can’t figure out how. Thank you for watching ❤

@@mariasbudgeting ok course! and I just emailed her and told her I wanted to cancel and she canceled it and sent me a refund 🙂 the refund took a lil while also but she eventually gave it back to me 🙂

@@lalanabudgets I emailed her. Crossing my fingers in able to cancel the order! 🤞🏽

Thank you for letting me know! ☺️

As far as groceries, she lives at home, so she likely just pitches and/or goes and purchases her own wants. The restaurant one does have me scratching my head. Is drink money? Tip money? Perhaps it becomes redundant to repeat all of these things in every video, but she should have something written out in the description so that people getting recommended these videos aren’t so lost. This seems to work well for her because she’s unmarried, seemingly child-free, and living at home.

Her rent is only $145 so I’m assuming she lives with her parents/family. Some of the other bills seem low too so I’m assuming her family agrees she pitches in a certain amount. Still it’s nice to see people budgeting and making emergency funds and not counting on family to be a safety net. The overall idea is applicable to other lifestyles. I’ve been using this method but leaving my money in the bank and having an excel spreadsheet “envelopes”. I don’t trust cash around even the best roommates. I’ve been doing it since I moved out at 18. It didn’t feel like it was working for the first 5-7 years but years later I’m hitting my financial goals despite only having modest income. In the early years I felt like it wasn’t working because my monthly savings were so small but friends in similar circumstances took on expensive car loans and credit card debt during that time to have a similar lifestyle. I’m assuming the $10 a month for restaurants is just 1-2 coffees or one drink out. Or she saves ten dollars for several months and then treats herself to something bigger. Some people don’t eat in restaurants or take a break from restaurants while saving for something special. If you go to restaurants give that envelope more. 😊. Her amounts won’t work for other people, you need to make your own realistic amounts that fit in your budget.

@@CerealSalad yes thank you, i 100% agree, it nice to see this over other people on the internet spending money on useless things. id love to start doing this at some point but as i’m 17 the money i earn can be practically used for anything so i don’t need to budget just yet haha. i know ofc other people’s budgets wouldn’t work for other people, i was just genuinely curious what restaurants she was going to that are so cheap hahaha. thank you for your insight tho i find it really interesting!!