I'd love to see you do this, on paper. Oh and with someone making under $100k. How do you accommodate huge differences in things like the electric/gas bill doubling for some months like mid summer and winter.
I'm in Canada so I don't know about the US. But we have guaranteed issue term insurance available for those even if you've been turned down for other reasons. You often aren't turned down for preexisting conditions but you may have to pay more or have an exclusion
We've given 10% of our gross income to our church and missions for 50+ years. In addition, we support several children in other countries. We have never felt the loss. God blesses beyond what we ever imagined. Granted, we don't take European vacations or go on cruises and I cook 99% of our meals. We don't smoke or drink and we don't spend alot on entertainment.
I wasn’t able to get life insurance until 29 years old due to a pre-existing heart condition that God healed me from. Even though I was cleared at 18 I was not eligible until I think 7 years later.
What i do with the money that is currently sitting in my checking account? I have $2k, and I did the breakdown of 1 month paycheck and I will save up $290 each month. But the $2k I have in my account do I budget it in, or put in a savings account when I create one? I don't understand having your expenses to $0
$0 Budget means every dollar coming in goes somewhere. For the $2k you already have, put it in a separate account for a purpose. Use it to start an emergency fund, or if you have that taken care of, then use it to paydown debt or save for retirement.
Can you use the website/web version? I love the web version, so if you haven't tried it yet I definitely would give it a shot, at least until the app hopefully becomes available again as well!
Is hair, make-up and nails a want or a need? Also, can you please differentiate between basic make-up to make yourself presentable and nails? What is really a need and what is really a want? Thanks in advance!!!
It is a compas to get a bearing on a pre determined (by you) destination. Not necessarily a pre established known fixed course where all the obsticalls are known for what, when and where. Sometimes you get multiple months where unexpected necessary stuff happens. Like the car breaks down, a family member dies and a funeral needs paying for, you have to work from a different office where you commute further, prices go up for expenses, you get sick, the family pet gets sick, you get unexpected traffic fines. Some of these you can insure for, some of them you can't. Sometimes they fall in quick succession. It is ok, keep going forward and cut the cloth accordingly, sometimes you might have to rebuild emergency fund before you go forward.
@@gm2407 Well I went on vacation in July and did crazy with a few zeros after it (not as many as Dave) and nearly maxed out my credit card in addition to spending all the cash I'd brought. When I went to use it to pay for the second part of my root canal, my endodontist declined it. The payment was only $1000 which would've wiped out my starter EF if I didn't have a fully funded one. After this happened, they suggested I up my limit and having recently gone through FPU, I immediately told them I wasn't gonna go that and found another way to pay. I then went on to use my debit card to process the payment and it went through. Now that I've had two more treatments by my family dentist this month, I didn't hesitate to hand them my debit card. I've since paid off my credit card debt and have hidden it so I wouldn't be tempted to use it like that again.
They suggest paying off the lowest debt first. (As in the least amount owed, regardless of interest rate.) This helps free up monthly payments and makes budgeting easier whenever an unexpected expense comes up.
Income: Regular Wage/Salary Irregular One off Fixed monthly expenses: Housing Utilities Contracted subscriptions Phones, Internet Insurance Variable monthly expenses: Vehicle/Travel expenses Groceries Social expenses, Household and property repairs Debt Repayment. Annual expenses pro rata to monthly: Gifting (Birthdays, Holidays, Celebrations, charitable donations) Taxes Savings: Emergency Fund Funeral Vehicle Replacement/Repair Household Repairs Vacation Education Investment: Retirement accounts Stocks and shares Capital in a business venture you are building for.
I’m a cancer survivor and my husband has a congenital heart condition that requires periodic surgery…we were both denied…perhaps it depends on the severity of the pre existing condition?
I’m favoured! Despite the ups and downs in the economy, I'm so happy withdrawing $12K weekly profit out of my investment I just cleared my mortgage 7 months ago and I give back 20% of my weekly interest back to Charity. People should learn to invest more and spend wisely
I love helping people work on their budgets and see victories. We have been debt free since 2016 (always on one income).
I'd love to see you do this, on paper. Oh and with someone making under $100k. How do you accommodate huge differences in things like the electric/gas bill doubling for some months like mid summer and winter.
Average billing is super helpful in setting a fixed amount for electric every month.
This is great thank you. I find budgeting okay but then I need help with a system for tracking!
I'm in Canada so I don't know about the US. But we have guaranteed issue term insurance available for those even if you've been turned down for other reasons. You often aren't turned down for preexisting conditions but you may have to pay more or have an exclusion
Some of us live in Canada. Hi! 👋🇨🇦 We need advice on which budgeting apps to use if y'all don't share yours with us 😢
10% to charity and giving? That’s hefty
if you give cheerfully it becomes easy and intuitive
It's so with it though I'm my experience
I usually give $20 a week to the poor through sadaqa.
We've given 10% of our gross income to our church and missions for 50+ years. In addition, we support several children in other countries. We have never felt the loss. God blesses beyond what we ever imagined. Granted, we don't take European vacations or go on cruises and I cook 99% of our meals. We don't smoke or drink and we don't spend alot on entertainment.
Just downloaded every $$ app.
I wasn’t able to get life insurance until 29 years old due to a pre-existing heart condition that God healed me from. Even though I was cleared at 18 I was not eligible until I think 7 years later.
What i do with the money that is currently sitting in my checking account? I have $2k, and I did the breakdown of 1 month paycheck and I will save up $290 each month. But the $2k I have in my account do I budget it in, or put in a savings account when I create one? I don't understand having your expenses to $0
$0 Budget means every dollar coming in goes somewhere. For the $2k you already have, put it in a separate account for a purpose. Use it to start an emergency fund, or if you have that taken care of, then use it to paydown debt or save for retirement.
@@justdanthankyou6399 oh! Thank you!! I appreciate your help! I was so confused I thought I need to $0 out my current account
Zero based budgeting isn't awesome. I personally have minimum 10% flex in my budget so if something surprising happens, I'm covered
Not for all life insurances
Why did they stop every dollar from Google Play in Canada we could download app now it not available in my country 😮
I don't know, but you can still do Dave's plan and use another budgeting app.
Even on a spreadsheet.
Can you use the website/web version? I love the web version, so if you haven't tried it yet I definitely would give it a shot, at least until the app hopefully becomes available again as well!
@@radioheadfanlove thank you
@@katyedwards3935 yes thank you
Is hair, make-up and nails a want or a need? Also, can you please differentiate between basic make-up to make yourself presentable and nails? What is really a need and what is really a want? Thanks in advance!!!
Want imhi
Lol hater
I have a budget but the last 2 months have had trouble staying on task. I've done one since April and managed to go way over it in July and August.
That's OK, its a journey, any change takes time.
@@maryokeefe2144 I never did one before going through FPU earlier this year.
It is a compas to get a bearing on a pre determined (by you) destination. Not necessarily a pre established known fixed course where all the obsticalls are known for what, when and where.
Sometimes you get multiple months where unexpected necessary stuff happens. Like the car breaks down, a family member dies and a funeral needs paying for, you have to work from a different office where you commute further, prices go up for expenses, you get sick, the family pet gets sick, you get unexpected traffic fines. Some of these you can insure for, some of them you can't. Sometimes they fall in quick succession. It is ok, keep going forward and cut the cloth accordingly, sometimes you might have to rebuild emergency fund before you go forward.
@@gm2407 Well I went on vacation in July and did crazy with a few zeros after it (not as many as Dave) and nearly maxed out my credit card in addition to spending all the cash I'd brought. When I went to use it to pay for the second part of my root canal, my endodontist declined it. The payment was only $1000 which would've wiped out my starter EF if I didn't have a fully funded one. After this happened, they suggested I up my limit and having recently gone through FPU, I immediately told them I wasn't gonna go that and found another way to pay.
I then went on to use my debit card to process the payment and it went through. Now that I've had two more treatments by my family dentist this month, I didn't hesitate to hand them my debit card. I've since paid off my credit card debt and have hidden it so I wouldn't be tempted to use it like that again.
Thank you Rachel✌️
Why would you pay off your lowest interest debt first? Just to feel better about your situation? This seems like a bad idea
They suggest paying off the lowest debt first. (As in the least amount owed, regardless of interest rate.) This helps free up monthly payments and makes budgeting easier whenever an unexpected expense comes up.
Where does cell phone, car insurance, and internet fall under?
I think phone and internet are part of utilities, that's how I think she does it, but not sure.
Cell phone and internet could be utilities. Car insurance as transportation.
Income:
Regular Wage/Salary
Irregular One off
Fixed monthly expenses:
Housing
Utilities
Contracted subscriptions
Phones, Internet
Insurance
Variable monthly expenses:
Vehicle/Travel expenses
Groceries
Social expenses,
Household and property repairs
Debt Repayment.
Annual expenses pro rata to monthly:
Gifting (Birthdays, Holidays, Celebrations, charitable donations)
Taxes
Savings:
Emergency Fund
Funeral
Vehicle Replacement/Repair
Household Repairs
Vacation
Education
Investment:
Retirement accounts
Stocks and shares
Capital in a business venture you are building for.
Did you know that you are not eligible for life insurance if you have a pre-existing health condition?
No I didn't and neither did she.
My husband had seizures as a teenager. Still takes meds for it at 38 years old. We got term life insurance when we got married.
I’m a cancer survivor and my husband has a congenital heart condition that requires periodic surgery…we were both denied…perhaps it depends on the severity of the pre existing condition?
@@ashleyb6258 did they approve it for him or you? Or both?
I have schizophrenia and was denied at 40
I’m favoured! Despite the ups and downs in the economy, I'm so happy withdrawing $12K weekly profit out of my investment I just cleared my mortgage 7 months ago and I give back 20% of my weekly interest back to Charity. People should learn to invest more and spend wisely
How do you earn that much weekly
What kind of investment do you do?
I earn from investing in the digital market with the guidance of Mrs Elizabeth Ann Larson Brokerage services...
Her strategy has been helping alot of traders/ newbies out there , with her program I was able to recover my losses from the crash so swiftly
I'm 40 and have been looking for ways to be successful, please how??