I used to get laid off every year. So for three--months I would only have about 800.00 of income. The first year I nearly starved to death and then after that I said no more. First I stocked up my cabinets with staple items, toilet paper, paper towels, soap, shampoo, toothbrush, toothpaste, laundry stuff, canned food, boxed dinners, canned meat, dry goods, flour, sugar, rice, beans etc. Then I started with my lowest bills my water bill. I tripled it up two times. So that was 120.00. Then I went with light bill, then the rent, then my insurance and renters insurance. Once I had that I felt golden. Everything else phone, cable, internet are a luxury and I don't need them to survive. If I had the money when it was due I would pay it. If I didn't I didn't worry about it.
New subscriber here. As a person whose English is not a first language, i like how clear you speak and how easily i understand your explanations. Newbie in budgeting, i hope i learn a lot from you.😊
Alaina, thank you for always being so willing to share your knowledge with us. I absolutely love your channel and the positivity you bring to this topic.
Absolutely. I pay off my current credit card purchases within the month I’ve made them, no matter that the total cuts off on the 22nd.That way, I start the next month at a zero balance. That cc bill represents most of my monthly costs (food, pet items, some utilities, etc.). I’ve found my spending practices are clearer to me and by checking every day or so I‘m making informed decisions on what I want to do based on how much I’ve already spent and how close I am to my various budget limits (food, gas, personal spending, household, etc.).
You definitely should write a book about this. You are the most logical person I have heard about budgeting 😁 thank you for your time and effort to bring this information to all of us❤️
Um a 1st time listener. I love it being down to earth. Im 58 abd ive soent 40 years of my life raising my 5 children. Im just locking down on preparing my money for retirement.
I’m about $30,000 in debt so anything extra I have I’m putting towards debt but I’m also saving for my emergency fund. But getting one month ahead is something to think about.
Thank you, Alaina ❤. I have been struggling with having variable income for over 6 years now. This is what I have been looking for because my husband and I are both self-employed as well. We don't even live paycheck to paycheck. We live day to day.😵💫
Thanks so much for this video. I hate that I missed it live, but I was able to take good notes and will get this process going. Aliana, you are Truly a Blessing...
Hi, I am watching this Friday. But, my statement is that I am having a mind block when it comes to tracking my expenses. I have tried but mentally I am not able to sit down and concentrate on capturing what I spend. Do you have any strategies that could help me?
#Q hi this is Sharon from Maryland I am single; I do not have a business but I only live with only one income each month. My question is with the rollover money after paying off fixed expenses and also variables do you mean to save your roll over money to put in your emergency account until you get to the amount of saving up to whatever amount you'll fix expenses is?
A year and a half ago I started trying to get a year ahead on most of my insurance bills. They all want different payment billing cycles, and that was making my monthly budget too erratic. So I started also setting aside what was needed monthly into an earmarked sub-account each month also. Then in February, about 4 of them I just paid a lump sum yearly amount for them, so they're paid for the year, and I now just earmark a monthly amount to be ready to do the same again next February. Doing it with a few other things now to take them in the same direction.
My money for March pays my April bills due....the 2 extra checks a yr w-2 workers get can help you get ahead👍I also pay car insurance in total for discount, not monthly👍
Anxiety is real with money I am glad you mention that aspect because I think that creates a sense of not being able to pull it off. Your channel helps prove with the right guidance and strategies it can get you to a finish line for each person scenario
You are absolutely right. We have to do this everyday. I remember doing this strategy a few years ago and I was on top of my money. Then I fell off the wagon (life happened). But, I have to get back to this routine of checking what went out abd what is coming in, EVERYDAY!!!
I am building up a “Bill Buffer” sinking fund for my fixed bills. My aim is to have a months amount of bill payments in it that I can draw down in an emergency so at least the bills get paid, one less thing to worry about. It’s slow going, just a few pounds each month, but progress is still progress however slow.
This was such an important one of my first steps to take control of my money. Thank you so much for this. This came along with a budget and paying off credit cards, for me. Again this is such an import beginning step and many people, myself included, cannot explain it well. I learned from YNAB. Glad you are here. Thank you.
In YNAB, my Age of money is 53 days and days of buffering is 108. This has taken years to accomplish, with lots of determination. Again, thank you for all the details, that are vitally important. Budget includes ALL income and ALL expenses, not just some. Monthly target is your goal, not necessarily actual.
Alaina I've tried getting one month ahead but employment has been sparatic but it has saved me.I want to get months ahead because to me it would be considered my emergency fund
I think your live is very educational and give me a goal to work toward even though my debts is more than the income. This made me first find out how much of debt over my income I have. This let me know where I need to reduce or income I need to increase. Always thankful for you sharing.
34:36 this year we have blown our short term savings 3 times!! It happened once or twice a year before this. But the by the income we make, I am learning how to save more so this video was very helpful in making this idea I have a reality!
Happily, I’m paid once a month and so is my husband, so the money is already there for the month ahead, but I can see how this would be helpful if you had irregular or multiple pay periods across the month. I’m currently focused on saving my emergency fund so if something happens work-wise we have enough to pay all our fixed bills plus necessary variables eg. groceries etc - albeit a little more frugally - for six months. Then I’ll slow the saving a bit but still keep on till I have 9 months. After that we’d be into the long term savings or simply retiring given our age now. Useful check in for me, thanks! 😊
My Money Routine: th-cam.com/video/dX4uMKLXBcU/w-d-xo.htmlsi=eNkEPmaZ5i5GSh8q
I used to get laid off every year. So for three--months I would only have about 800.00 of income. The first year I nearly starved to death and then after that I said no more.
First I stocked up my cabinets with staple items, toilet paper, paper towels, soap, shampoo, toothbrush, toothpaste, laundry stuff, canned food, boxed dinners, canned meat, dry goods, flour, sugar, rice, beans etc. Then I started with my lowest bills my water bill. I tripled it up two times. So that was 120.00. Then I went with light bill, then the rent, then my insurance and renters insurance. Once I had that I felt golden. Everything else phone, cable, internet are a luxury and I don't need them to survive. If I had the money when it was due I would pay it. If I didn't I didn't worry about it.
New subscriber here. As a person whose English is not a first language, i like how clear you speak and how easily i understand your explanations. Newbie in budgeting, i hope i learn a lot from you.😊
Alaina, thank you for always being so willing to share your knowledge with us. I absolutely love your channel and the positivity you bring to this topic.
Absolutely. I pay off my current credit card purchases within the month I’ve made them, no matter that the total cuts off on the 22nd.That way, I start the next month at a zero balance. That cc bill represents most of my monthly costs (food, pet items, some utilities, etc.). I’ve found my spending practices are clearer to me and by checking every day or so I‘m making informed decisions on what I want to do based on how much I’ve already spent and how close I am to my various budget limits (food, gas, personal spending, household, etc.).
I do the same thing!!
Same here! + the cash back from the cc, I throw into a high yield savings account (just on principle)
@@JJ-jn7ei I’ll do that too! I usually just apply it to a bill at some point, but this practice is better.
You definitely should write a book about this. You are the most logical person I have heard about budgeting 😁 thank you for your time and effort to bring this information to all of us❤️
Um a 1st time listener. I love it being down to earth. Im 58 abd ive soent 40 years of my life raising my 5 children. Im just locking down on preparing my money for retirement.
Welcome!
I’m about $30,000 in debt so anything extra I have I’m putting towards debt but I’m also saving for my emergency fund. But getting one month ahead is something to think about.
I’ve always done this. I did this with my utility bills too i always made sure I had a credit for the following month
Thank you, Alaina ❤. I have been struggling with having variable income for over 6 years now. This is what I have been looking for because my husband and I are both self-employed as well. We don't even live paycheck to paycheck. We live day to day.😵💫
Love this. I took so many notes and have a plan!! 🎉❤
Thanks so much for this video. I hate that I missed it live, but I was able to take good notes and will get this process going. Aliana, you are Truly a Blessing...
Sending this to my daughter! She’s looking to save for moving .
Again love your truthfulness. Oi thought it was just me.❤
I can't wait to see the tracker. Thank you SO much.
Hope you like it!
Thank you so much for sharing this knowledge! You’re appreciated!
I love Qapital❤
Amazingggg video. Thanks alot
I haven't been able to get a month ahead since moving to MD.
Hi, I am watching this Friday. But, my statement is that I am having a mind block when it comes to tracking my expenses. I have tried but mentally I am not able to sit down and concentrate on capturing what I spend. Do you have any strategies that could help me?
So right about routine.
Why transfer the money every month instead of just keeping it in savings?
I like to pay all of my bills when the month starts
Awesome information
#Q hi this is Sharon from Maryland I am single; I do not have a business but I only live with only one income each month. My question is with the rollover money after paying off fixed expenses and also variables do you mean to save your roll over money to put in your emergency account until you get to the amount of saving up to whatever amount you'll fix expenses is?
Great video
#Q Hi I am a single woman from Maryland can you still work on getting one month ahead even though you only have one income each month?
Why isnt a good idea to put it in your reg checking
Usually when it’s in your regular checking you end up mixing the money and spending it.
@@TheOrganizedMoney thank u that helps
Do some o.t
A year and a half ago I started trying to get a year ahead on most of my insurance bills. They all want different payment billing cycles, and that was making my monthly budget too erratic. So I started also setting aside what was needed monthly into an earmarked sub-account each month also. Then in February, about 4 of them I just paid a lump sum yearly amount for them, so they're paid for the year, and I now just earmark a monthly amount to be ready to do the same again next February. Doing it with a few other things now to take them in the same direction.
Also the creditor usually gives a discount for paying ahead
I have tried and failed multiple times but I am still gonna tryy again with you
My money for March pays my April bills due....the 2 extra checks a yr w-2 workers get can help you get ahead👍I also pay car insurance in total for discount, not monthly👍
Anxiety is real with money I am glad you mention that aspect because I think that creates a sense of not being able to pull it off. Your channel helps prove with the right guidance and strategies it can get you to a finish line for each person scenario
You are absolutely right. We have to do this everyday. I remember doing this strategy a few years ago and I was on top of my money. Then I fell off the wagon (life happened). But, I have to get back to this routine of checking what went out abd what is coming in, EVERYDAY!!!
I am building up a “Bill Buffer” sinking fund for my fixed bills. My aim is to have a months amount of bill payments in it that I can draw down in an emergency so at least the bills get paid, one less thing to worry about. It’s slow going, just a few pounds each month, but progress is still progress however slow.
First time listening and I'm here for it all. Thank you for your advice!
One year I used my tax refund, and put it in a separate household acct.
🙌🏾🙌🏾
This was such an important one of my first steps to take control of my money. Thank you so much for this. This came along with a budget and paying off credit cards, for me. Again this is such an import beginning step and many people, myself included, cannot explain it well. I learned from YNAB. Glad you are here. Thank you.
In YNAB, my Age of money is 53 days and days of buffering is 108. This has taken years to accomplish, with lots of determination. Again, thank you for all the details, that are vitally important. Budget includes ALL income and ALL expenses, not just some. Monthly target is your goal, not necessarily actual.
How is being a pastor make you an entrepreneur
Alaina I've tried getting one month ahead but employment has been sparatic but it has saved me.I want to get months ahead because to me it would be considered my emergency fund
Thank you for your strategies
Use the month where you get paid 3 times in 1 month
also people that are paid every other week also have an extra paycheck twice a year....
Yes!! 🙌🏾🙌🏾
Ready to try this
I think your live is very educational and give me a goal to work toward even though my debts is more than the income. This made me first find out how much of debt over my income I have. This let me know where I need to reduce or income I need to increase. Always thankful for you sharing.
34:36 this year we have blown our short term savings 3 times!! It happened once or twice a year before this. But the by the income we make, I am learning how to save more so this video was very helpful in making this idea I have a reality!
#Q Have about $35K in personal loans …. How can I pay those off
Enjoyed this! thank you ❤
I love your videos ❤️
GOOD EVENING
❤
Happily, I’m paid once a month and so is my husband, so the money is already there for the month ahead, but I can see how this would be helpful if you had irregular or multiple pay periods across the month. I’m currently focused on saving my emergency fund so if something happens work-wise we have enough to pay all our fixed bills plus necessary variables eg. groceries etc - albeit a little more frugally - for six months. Then I’ll slow the saving a bit but still keep on till I have 9 months. After that we’d be into the long term savings or simply retiring given our age now. Useful check in for me, thanks! 😊
I just love u! very helpful! ty xx
😊
We used to live one month ahead and then I got pregnant. We had to get a bigger house now we are trying to get back.
That definitely happened to me when we had our first baby. Took us about 2 years to get back ahead... but no worries you will get there. :)