MONTHLY MONEY UPDATE: Cash Envelopes Budgeting Fail? Mindful Spending + Cash Stuffing 💸
ฝัง
- เผยแพร่เมื่อ 7 ธ.ค. 2022
- thanks for watching ✨ December 2022 monthly money update!! Welcome back to my monthly budgeting and personal finance video where we chat, reflect, make mistakes, and learn about money. November 2022 was my second month trying out the cash envelopes system and it went... OK. In this video we chat about what I spent, what I learned, my wins, my fails, etc. then we sit down at my desk and re-fill the cash envelopes 💸 I love how this video turned out and I hope you enjoy it too! xo Zoe
Join Me on Patreon (Book Club + Bonus Content): / zoepritchard
Cash Envelopes Giveaway is in Vlogmas Day 2! 🎄 • VLOGMAS DAY 2: Decembe... 🎄
Items Mentioned:
📌 Custom Cash Envelopes from The Line (use code ZOE10 for 10% off) thelineshop.ca/products/custo...
📌 Personal Planner (folio) from The Line (use code ZOE10 for 10% off) thelineshop.ca/collections/ag...
📌 Budgeting spreadsheet from The Line (use code ZOE10 for 10% off) thelineshop.ca/products/the-b...
Follow me on instagram! / zoexpritchard
Thanks for watching! Please subscribe: th-cam.com/users/zoelovex...
Are you a brand that would like to work with me? Please email zoe@fivetoninecrew.co
Popular videos from me:
🎥 My Current Financial Goals: • MY CURRENT FINANCIAL G...
🎥 Cash Envelopes Started Video: • MY NEW CASH BUDGET | S...
🎥 Opening up about my financial situation: • An Honest Look into my...
🎥 How I Repayed $25K in Debt: • How I Paid off $20,000...
🎥 My Experience with Lifestyle Creep: • My Experience with Lif...
🎥 How Much I Have Saved, Invested, & Debt at 25 Years Old: • How Much I Have Saved,...
🎥 Q&A: • HOW MUCH I MAKE FROM Y...
🎥 My skincare routine: • DAILY SKINCARE ROUTINE...
Some brand links that support my channel:
WealthSimple - my favourite investing & banking app. Get $50 when you sign up and invest $500. wealthsimple.sjv.io/zoepritchard
WealthSimple Trade (stocks) & Crypto currency, get $10 when you invest $100: wealthsimple.sjv.io/36jzn
BetterHelp - affordable virtual therapy: betterhelp.com/zoepritchard (Using this link may earn me a commission at no extra cost to you - thank you for supporting my channel!)
20% off of any SheCodes Workshop: www.shecodes.io/workshops?cou...
✨ About me: ✨
Hi, I’m Zoe! (Pronounced like Zoey) I’m a 26 year old from Montreal making videos about my REAL life. After quitting my management consulting "dream job", then being laid off from a startup job, I decided to take a chance and work for myself. I'm now mainly focused on TH-cam (my absolute passion) and side-hustle contracts in the copywriting and admin fields.
My videos centre around work, gentle productivity, mental health & personal wellness, with a touch of fashion, tech, and whatever else I'm living. My goal is to be open & honest ALWAYS and for my channel to be a fun, inspiring place where we can set goals and live our best lives together. I would love for you to subscribe 💝 - แนวปฏิบัติและการใช้ชีวิต
I loooove how this video came out, I hope you enjoy watching it ❤💸 How are you currently feeling about money? Let me know in the comments! Oh! And also let me know your most expensive and best purchase from last month 🙈 I'll go first: Most expensive were my new shoes and best was probably my Stanley cup
I’m feeling sad about money right now , I got let go from my job and been struggling :(
Tips with the meal kits: a lot of times they post the recipes online even if you don’t subscribe and you can buy the ingredients yourself to make those meals and it’s much cheaper. You can also make more servings of each meal.
After watching you for over a year now, I see such a difference in your mindset since you’ve adopted the envelope system. I can tell that while the envelopes provides you with structure, I can tell your mindset has shifted to give yourself more grace and flexibility. I love the balance you’ve found the last few months! Is it weird I’m proud of you and excited to see what 2023 brings for you?!
Thank youuuu ❤️💸❤️💸❤️💸 this is so sweet and makes me so happy! I'm really excited too 🙈
Yes, I’m so proud of Zoe and feel so happy she’s found something that she feels comfortable using! ❤
Zoe, thank you for sharing your cash envelopes journey with us! I think maybe you can be hard on yourself with money, every time you said you didn't do the best job this month and that you overspent, I was thinking that you went WAY over your budget but $300 is not anything to feel down about. I think budgeting is never going to be a perfect science, it's meant to keep you aware and mindful about where you spend your money and even just setting a budget in the first place is a really big step and something you should feel so proud about. It's clear that doing this method has changed your pov on money and I can't wait to see you continue to thrive and achieve all your goals!!!
You're right 🙈 Thank you for your kindness! How crazy is it that "going back in time" to a manual, cash-based budget is what ends up changing the game eh? love it!!
I enjoy these videos bc I enjoy taking about money…A LOT. Many see it as uncomfortable and I could understand, it’s so easy to spend and not think about it. I’m 21 and I’m seeing all these young people digging themselves into a financial hole. I’m currently going to school to become a financial analyst and what spoke on these videos is highly informative. Thank you.
That is awesome!! Happy for you ❤️💸
This was my favorite monthly update so far! So happy to see your growth and mentality towards finances! I'm a MTL girlie too and that opus price really hurts, if you find yourself not liking to drive after a week you can maybe get a weekly unlimited pass? As for Maggie, personally I was the same as you so I started budgeting for my pet and also putting money in a 'pet fund'. So let's say 40$ as my monthly budget and 50$ as my monthly pet fund, I cut elsewhere but that fund grows and eventually pays for vet visits and cleaning etc, it was basically like having another savings envelope! It might help x
Hi Zoe, I think it’s really cool that you’re showcasing the cash budget method for personal budgeting. I think another way to alternative is to use Excel and calculated formulas to track expenses and minimize data entry. Download the transaction details from your online banking system and upload into your spreadsheet and then apply an expense category to each item so you can calculate on a budget line item or better yet item category % over or under. Usually in many personal budgets, I find the entertainment category expense items are often miscategorized and hides the fact that the category is % over budget.
So happy for you, Zoe. You're growing and learning so much. You will find your 'place in the sun' with finance. It just takes time to figure out what works best. I can't wait to try the cash envelope system. You gave me so many great ideas from your personal journey. Happiest of Holidays to you! :)
Thank you for being so open about your money/finances! I’m a bit older than you and still don’t have it figured out so I really take inspiration from these videos to help sort my own money out.
maybe like a home decor fund for candles blankets,cute fun non necessities... and then a sinking home fund for like light bulbs, hangers,dish soap, emergencies etc :)
GREAT IDEA!!!
Cash budgeting for about a year & what I’ve noticed is as long as you want to keep trying that desire to learn then you’re doing great !
that's awesome!!
i really love your contents!!!
it's like i hang out with big sis and it's so chill
Thank youuu! I love that! ❤️
In my case I have reached peace of mind regarding December expenses.. I try to save as much as possible the rest of the year but I'm ok about spending more in December because actually I love buying presents for my loved ones. I enjoy it. So no regrets
Rewatching this video cause I can’t wait for your next monthly money video 👀❤️
I recently found your channel and I am totally loving your content!! I had to chuckle when you said you had to pull money from one envelope to cover expenses in another. I used to do the same thing. Now I just give myself a weekly cash allowance and it's really helped me stay on budget.
I’ve been watching you for about a year and I love that you are real. It puts me at ease to know that I’m not the only one who struggles with this stuff! You motivate me to keep at it. Thank you
That's awesome!! Money stuff is HARD there is no doubt, and we are likely going to have to keep working on it our whole lives 🙈 unless you win the power ball or something haha
Love the change in background for the season and the silly doggo moments ❤
Seeing you excited and feeling calm about your finances is just lovely! 😍I do believe that if a system works for you and helps you stay organized, your stress reduces significantly! I also got a candle from bath and body works as a Christmas gift for My sister, it's my 1st time ordering from them but I didn't buy one for myself...😅
Thank you for addressing the questions from last month! Super helpful clarity!
Glad it was helpful!! ❤️💸
Omg Canadian money is so pretty 😍 loved the video 🤩
hehe yes our plastic money 🙈 i love it
I've only been using cash envelopes for a year but my envelopes amounts and priorities have changed a lot over time x the system provides great clarity 😁
That's amazing!!
I know that your monthly bus/metro pass is a lot, but I really think it would still be cheaper than driving everywhere. When you drive more, you spend more on gas, on parking, but also you'll put more mileage on your car meaning more maintenance in the long run.
You can always try it out for a month, but I think you'll find that public transport is also worth it in convenience given the fact that your job is downtown, it is probably much less stressful too.
Yessss! So excited to watch this video 🥰🥰
Yayy!! Hope you like it ❤💸
I have a mini binder (I think it’s a5 size) that I use as my everyday spending cash envelope wallet and keep a larger a6 binder for my sinking funds at home
Here’s to being subscribed to your channel for a year!!!
ahhhhhh THANK YOU!! ❤️❤️💸
I'm feeling the smooth jazz 😎
hehehe me too it sets the mood so well 🙈
Really loving this component of your channel, as a new subbie !
yayy I'm so glad!!
You're cute!
Being a female that 'occasionally' likes to spend, I know the struggles of budgeting 😅
My tactics for saving is paying extra for my bills, throw a chunk of my pay into my savings account which is in a different bank so I don't always look at it. I bulk shop & sometimes go to discount stores. Grow part of my veggies, I like organic so it helps me save so if I need to buy most of the time can buy organic. Cook mainly at home, really saves a lot.
When I shop for pleasure, I mainly use afterpay, I can monitor my indulgence and I can actually regulate it (not overspend).
Everyone is different and their circumstances. For me, I have a savings objective that is my driving force, it's got to be realistic with room for leeway as life does happen.
I live in Australia so I understand expensive living costs 🙃
It sounds like you are living my dream: living in Australia, growing your veggies 😍 I hope one day I can have a garden and do that too! Love the idea of savings in another bank, I find that has been helpful for me too!
I definitely took advantage of the BBW candle sale too, no regrets 😅 You seem to be doing well with the cash envelopes, which is good!
Thank youu!! Love BBW on sale hahah $15 candles yes please 😍
lol the orange turtleneck is giving Daphne
hahah I'll take it 😂
Seems like this system is working so well for you! It’s so fun to see !
Thank youuu! It's honestly been so fun for me too.. Especially when I went back and looked at the video from last year 😂
@@ZoePritchard lol I’d love a reaction video! 😂😂🤣
A huge concern that I actually have when I think about cash budgeting is the possibility of someone breaking in or my wallet being misplaced or stolen. When I first heard of cash stuffing, I will admit I dismissed the idea completely because I was so concerned about the idea of that money being taken away from me. I suppose it is just a concern that at some point I looked at and thought... I guess I will just have to be mindful of where I keep and leave my valuables. However, I am curious to hear how you handle or address these kinds of concerns?
What are your thoughts about missing out on perks of using a credit card (I.e cash back, points) when doing the cash envelopes method?
i think the pros (big $$ savings) outweigh missing out on points for me. When you calculate the value of your points (often ~1% of your total spending) it’s actually a lot less than you think… at least for me it was! Every CC is different and I know that American cards have better perks 😇
You look really beautiful in this red sweater! 😍
Like your outfit and your make-up
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $7,000 investment every 12days.
Wow! How's that possible please I'll appreciate your assistance on how to go about it.
That's awesome. I dealt with crypto last year on Robinhood, tried some index but didn't take it out so I lost it by the end. Any consistent strategies?
When I glance through your comments, I know you must be talking about Mrs Benito. It's been 3 months of steady crypto growth using her trading strategy.
Trading with Benito's strategy is nothing new to me, I opened a trading at $5K, and I've been able to scale to $18K in two weeks
I got Benito's recommendations in December 2021 and started following her lead and made $23,450 in a week. Lost my job in January 2022 and right now I'm back on top again and ready to go with her guidance.
I don’t use cash envelopes but that system makes me want to start!
It's pretty fun!!
This vlog is money💪
hahaha thank you Seb!!
You go girl❤
thank youuu ❤️💸❤️💸
Hi Zoe! Amazing video as always! I would like to know more about your thoughts/feelings regarding the amount of money that influencers get for brand deals. I do think that it's a well deserved income; however, the amounts seem super inflated. Like, an influencer can get 5k dollars for talking about a brand for a minute on a video, whereas someone like me, working at corporate, gets half that per month working 40+ hrs/week. I know the market is like that, but I would just like to know your insights as someone who kind of has both, regular job income, and influencer income. thank you :)
hiiii! this is a GREAT question 😇 I’m going to read this and talk about my thoughts in the Sunday chat for this week!
I wonder if maybe the cash envelope system has a slightly-too-high bar for amount of effort/thought required to keep it up? I like the idea of using only cash but it seems like a ton of work I'm ngl!
haha it is a lot of work! But I find it fun? Sort of like journaling about money... I do think the key is to do it instantly (spend, update) rather than wait to reconcile because that's where it gets overwhelming.
Instead of paying the "on credit" money back in each month, could you just withdraw less money next month and make the difference up with the cash you already have and then use what's in your account to pay the credit card? Then it's one less thing to remember each month!
Zoe, who roasting you in the comments? This is a safe space, and I we will fight them lmao jk(all love here❤) I freaking love you! Would love to have a live stream one day with maybe you interacting with everyone. We could do a Q&A or maybe a game? Think about it homie!
Very off topic but your skin looks amazing, you’re beautiful! Don’t forget that❤
🥺😭 thank you so much!! ❤️
36:39 😂😂😂
I started the cash envelope system at the beginning of 2022 - then I gave up - I restarted in October of 2022 and I have really really stuck with it - I was moving money around from category to category in the beginning but NOW I get it - SOOO I use my calendar of events (nail appt....drs appt...all planned out) and I get it - IT finally CLICKED - I am so excited to start 2023 with my envelopes and have NOW gotten a 26 week envelope for Christmas for next year - SOOO much better and I really feel like it makes a HUGE difference - glenda (praise GOD I have NO debt except for my car - even my home is paid for )
amazing!!!
comment for support
thank youuuu!!
Hey Zoe, what’s your longterm plans with your partner? Are you married yet? There are tremendous financial benefits to being married like income splitting, spousal rrsp, insurance, etc.
hiii! i hope to be married one day, but for now its too soon :)
!!
Girl I have a whole baby and I always feel like I can’t save or that I’m overspending ! You’re being to hard on yourself. life is too short you should splurge here and there !! I use to stress all the time but now I’m learning to not cause girl it will just drive you crazy thinking about money all the time 😢😂
I’m also learning that being too strict will drive you crazy!! And lowkey, I wasn’t even saving THAT much more when I was super strict 🫣
Thank you for the positivity!! You are honestly right.. I seem to have no middle ground though between keeping things under control while still enjoying / treating myself from time to time & full on shopaholic-ness 😂
Hai i am from india
Hi zoe
Love your videos and your personality but am I allowed to say that background music is too loud of unnecessary during explanations. I give a Like to all your videos.
thank youu!! of course you are allowed to say that, its good for me to know:)
@@ZoePritchard aaah you are so kind, thank you. :)
50/50 relationships are a scam if u calculated how much ur bf spends on necessities and upkeep it would be less but you're expected to pay for dates.
I know what you mean and to each their own... I did a whole video about how we split finances and he pays for dates way more often than I do tbh 🙈 But I still like to treat too because who's counting? That's how we do it
I disagree. My partner and I split everything we do together. Do I spend more on my appearance and clothes, yes but that’s my choice. It’s not like he’ll divorce me if I skip my eyebrow appointments and let the uni brow grow in.
@@maryclaire9656 hahaha uni brow for life!! 💖
Zoe I'm not sure if it's different in Canada vs the US, but have you considered adding a HelloFresh referral link to your videos (assuming people want to try it/use it)? I know of a youtuber who does that and is able to discount/get free some of her HelloFresh orders that way.
hahaha you might be a genius!! not sure why i never thought to do this 🙈