Resources and videos mentioned: 🔥BLOG: How To Save 50% Of Your Income: freedominabudget.com/howhowtosavehalfyourincome/ 🔥Get One Month AHEAD on BILLS - How To STOP Living Paycheck to Paycheck: th-cam.com/video/E16X-2BuJ34/w-d-xo.html 🔥The Dave Ramsey Baby Steps VS The FIRE Community: th-cam.com/video/9M81k7pp8-I/w-d-xo.html 🔥Shop Excel Budget templates on my Etsy shop available in Excel and Google Sheets!: www.etsy.com/shop/FreedomInABudget 🔥BillShark negotiates lower prices on your monthly bills to save you time, money and hassle: www.pubtrack.co/8PND1BB/686M1C/ 🔥Gabi is a full-service, online advisor who compares all your insurance options to find you the right policy, all in under two minutes. www.pubtrack.co/8PND1BB/69KHPZ/
You are kicking butt Kelly, 50% is fantastic. I divorced my wife 15 years ago and we did not have children. I was also a lucky guy who did not get financially hurt by divorce which made my wealth journey easy, keep up the great work and great freedom and choice awaits around the corner. Blessings John
We got out of debt in 2018! It took a year and a half and on was on maternity leave for a few months of that time. And I also was working part time as a high school teacher for a few of those months too! So you are 100% right about income! My husband is a cop and I’m a full time teacher, so we both will never make more that 100,000 individually, but I feel more “rich” now than before.
You are such an inspiration. I’m working on paying off my debt now, so I can build my retirement fund, and my savings. I can’t wait to be able to have the sinking funds you have. It’s so smart to have money set aside for things like a new computer, car, etc. I just paid off my car payment with my tax money, so that was freeing! I have about 17k of debt to pay off. Slowly but surely, I’ll get there. With help from your videos, of course!
Child support is a killer and I can't find any financial advice to help those who are paying. I'm still attempting to put towards their future but it's still difficult to budget after almost 50% my gross income, (25% cs, 23% tax) is already used up.
A lot of my cash goes towards debt. Once I get out of debt, 100% of that cash can be saved. If I was willing to shell it out in debt repayment, I should be willing to direct deposit into savings. I have been stratigizing how to get the debt paid off. Straight loans vs revolving credit. 15% vs 0 %. Which makes more $ sense for me. Negotiating a better rate than 15% with creditors. Time spent on it is money in the bank.. I pay attention and empower myself with knowledge. Knowledge is also money in the bank. It is not spendable but highly valued.
Ok, so how do I increase my income without getting married? I make 70K as a Reg. Dietitian FT without benefits. If I get a job with benefits I will only make $60/65K. I have eBay as a side hustle. I'm divorced with 2 children, no child support. This is the most I have ever made. Most in my field make less than I do. Any suggestions on how to make more $$ or save more? I am Debt free except a 0% interest car payment. I am also a regular couponer with a stockpile. I am guilty of buying too much makeup, skincare and clothing because of a sale though.
Rita Baglin You need a budget. Shop around for your insurance, cut out all unnecessary spending, call cable and cell phone and threaten to switch if they can’t get you a lower plan.
That is an awesome income! Congratulations on your hard work paying off!! Side hustles are a great way to bring in extra money. I’m not sure if you are on a budget or not but when I got on a consistent budget I felt like I got a $200 a month raise from all the extra money I was able to cut.
Great question! Everyone does it different but I personally only count it if its a long term savings, for example I DON'T count the sinking fund money for my property taxes because that is for something specific that I pay yearly rather than monthly. Hope that makes sense. :)
DINKS unite!!! I have a furkid and that is plenty. I have 5 nieces and nephews that I love, but I don’t have any desire to have any of my own and my mom is quite aware of my wishes and supports me 100%. I mean, I’m 40, so she’d have a heck of a time trying to change my mind anyway.
LOL! I shop at Khol's too trust me, we just need to be aware of their marketing and make sure we are really getting a good deal! :) That's an awesome goal to be saving one income by the end of the year!!
Kohls does have some great stuff. But yes we have to watch what we are buying when stuff is "on sale" . Michaels is another one. They have 50, 60, & even 70% off their stuff that they have marked up by 100%. Although sometimes you can get a great price on something, you really have to look for them and figure out how much you would pay just by going to Walmart or Target. Marketing can trick us all into thinking we are getting a great deal when we are not.
Yes she does earn more to save more BUT people, understand she is out there side husseling her butt of to get that cash flow. The "extra" money didn't just appear in her bank account. I don't earn the money she does, BUT I make choices based on need, pay attention and keep on it all the time. I just paid of 6 THOUSAND dollars worth of debt last week alone without taking food off my table. It is possible. What are you willing to do/temporarily willing to do without to make it happen?? Make up your mind to stop making excuses of why you are living pay check to paycheck and make the $$ moves.
So much truth in this video. I know I still sometimes catch myself thinking that I'll be able to save/achieve more with a higher income, but I also realised in the past couple of months that even on my current income (almost $50k this almost finished tax year) I still have weeks/fortnights that I feel like I'm living as paycheck to paycheck as I was when I was earning $20k per year. That wishlist hack is so helpful - I was actually purging one of my store wishlists while listening to the video.
@@freedominabudget Exactly. I admit that lifestyle creep has contributed but it also doesn't help that I swear every time my employer gives me a cost of living salary increase, things like rent and insurance etc go up just enough to make the pay rise a waste of time.
At an income of 10K, you won't be able to save half. As Kelly explained in the video, she had to work on increasing her income by working overtime, working to advance in her career and get a raise, and taking on a side hustle. It was only once she got her income up that she could save half.
Every little bit saved is helpful! You don’t need to save 50% of your income too but increasing it a little bit more each month will make a huge difference! You got this!
What does the Bible teach about purpose of marriage and children ? Like arrows in the hands of a worrior, so are the children of one's youth. Children are a blessing from the Lord, the fruit of the womb are Hus reward. Just putting the Word out there.
![เปิดใจ "อาจารย์เบียร์ คนตื่นธรรม" อดีตเคยสุดทุกทาง ถ้าใช้หนี้หมดไปบวชแน่ l [Nickynachat]](http://i.ytimg.com/vi/IxeE0xVhy08/mqdefault.jpg)
![Hands-On Power BI Tutorial 📊Beginner to Pro [Full Course] ⚡](/img/n.gif)
Resources and videos mentioned:
🔥BLOG: How To Save 50% Of Your Income: freedominabudget.com/howhowtosavehalfyourincome/
🔥Get One Month AHEAD on BILLS - How To STOP Living Paycheck to Paycheck: th-cam.com/video/E16X-2BuJ34/w-d-xo.html
🔥The Dave Ramsey Baby Steps VS The FIRE Community: th-cam.com/video/9M81k7pp8-I/w-d-xo.html
🔥Shop Excel Budget templates on my Etsy shop available in Excel and Google Sheets!: www.etsy.com/shop/FreedomInABudget
🔥BillShark negotiates lower prices on your monthly bills to save you time, money and hassle: www.pubtrack.co/8PND1BB/686M1C/
🔥Gabi is a full-service, online advisor who compares all your insurance options to find you the right policy, all in under two minutes. www.pubtrack.co/8PND1BB/69KHPZ/
You are kicking butt Kelly, 50% is fantastic. I divorced my wife 15 years ago and we did not have children. I was also a lucky guy who did not get financially hurt by divorce which made my wealth journey easy, keep up the great work and great freedom and choice awaits around the corner. Blessings John
I’m so sorry you went through that but so glad you weren’t hurt financially as so many are with divorce.
We got out of debt in 2018! It took a year and a half and on was on maternity leave for a few months of that time. And I also was working part time as a high school teacher for a few of those months too! So you are 100% right about income! My husband is a cop and I’m a full time teacher, so we both will never make more that 100,000 individually, but I feel more “rich” now than before.
This made my day! Yes that is so true! You guys are doing so awesome!! Keep it up!!
Hi Kelly. When I need motivations, I go watching your videos. I love the content of your channel
Aww this made my morning!! Thank you so much!!
You are such an inspiration. I’m working on paying off my debt now, so I can build my retirement fund, and my savings. I can’t wait to be able to have the sinking funds you have. It’s so smart to have money set aside for things like a new computer, car, etc. I just paid off my car payment with my tax money, so that was freeing! I have about 17k of debt to pay off. Slowly but surely, I’ll get there. With help from your videos, of course!
You are doing so awesome, Katie!! I'm proud of you!!
I agree w your rant. If you can't budget 20k how are you going to budget 200k?!
Yesssss!! So so so true!!
I’m listening to your video in the background while I’m doing my budget. 😀
Yesss I love it!!
Such good advice! I need to up our savings game and move more to a high yield savings account!
Yes!! CIT Bank is the way to go!! fxo.co/8VUW
Girl, where have you been all my life ! Love your videos and advice!!! #Subscribed!!!!!!
Welcome!!
Do people ever consider living within their means?
You should try it!
How is saving HALF my income not within within my means?? 🤔
Thank you.. you help so much .. amazing!
You are so welcome!
Child support is a killer and I can't find any financial advice to help those who are paying. I'm still attempting to put towards their future but it's still difficult to budget after almost 50% my gross income, (25% cs, 23% tax) is already used up.
I would treat it like any other bill as a fixed expense. Work on lowering your other bills and raising your income. You got this!
A lot of my cash goes towards debt. Once I get out of debt, 100% of that cash can be saved. If I was willing to shell it out in debt repayment, I should be willing to direct deposit into savings.
I have been stratigizing how to get the debt paid off. Straight loans vs revolving credit. 15% vs 0 %. Which makes more $ sense for me. Negotiating a better rate than 15% with creditors. Time spent on it is money in the bank.. I pay attention and empower myself with knowledge. Knowledge is also money in the bank. It is not spendable but highly valued.
Ok, so how do I increase my income without getting married? I make 70K as a Reg. Dietitian FT without benefits. If I get a job with benefits I will only make $60/65K. I have eBay as a side hustle. I'm divorced with 2 children, no child support. This is the most I have ever made. Most in my field make less than I do. Any suggestions on how to make more $$ or save more? I am Debt free except a 0% interest car payment. I am also a regular couponer with a stockpile. I am guilty of buying too much makeup, skincare and clothing because of a sale though.
Rita Baglin You need a budget. Shop around for your insurance, cut out all unnecessary spending, call cable and cell phone and threaten to switch if they can’t get you a lower plan.
That is an awesome income! Congratulations on your hard work paying off!! Side hustles are a great way to bring in extra money. I’m not sure if you are on a budget or not but when I got on a consistent budget I felt like I got a $200 a month raise from all the extra money I was able to cut.
👆🏼👆🏼 Awesome tips!
Do you count sinking funds as part of your savings rate? I struggle to figure mine out as I have savings for a future purchase.
I struggle with this as well. I know some people do not include sinking funds in their savings rate because the money will be spent at some point.
Great question! Everyone does it different but I personally only count it if its a long term savings, for example I DON'T count the sinking fund money for my property taxes because that is for something specific that I pay yearly rather than monthly. Hope that makes sense. :)
DINK life is the best life. Just sayin. I’ve saved so much money being child free. Thanks for a great video.
LOL! I love it!! We plan on having kids in the next year but are taking advantage of no kids right now!!
DINKS unite!!! I have a furkid and that is plenty. I have 5 nieces and nephews that I love, but I don’t have any desire to have any of my own and my mom is quite aware of my wishes and supports me 100%. I mean, I’m 40, so she’d have a heck of a time trying to change my mind anyway.
so how do you do a side hassle when dont owe or rent house, don't own car and dont have job.
I have tons of videos on side hustles! Check them out here: th-cam.com/play/PLpgLsNKlKGi5QK5nWrzRfNriAwWt_vors.html
I'm guilty for shopping at Kohls. I feel personally attacked 😫😂
By the end of the year, I want to be able to save one of our incomes monthly.
LOL! I shop at Khol's too trust me, we just need to be aware of their marketing and make sure we are really getting a good deal! :)
That's an awesome goal to be saving one income by the end of the year!!
Kohls does have some great stuff. But yes we have to watch what we are buying when stuff is "on sale" . Michaels is another one. They have 50, 60, & even 70% off their stuff that they have marked up by 100%. Although sometimes you can get a great price on something, you really have to look for them and figure out how much you would pay just by going to Walmart or Target. Marketing can trick us all into thinking we are getting a great deal when we are not.
Great tips!!!!
Thank you so much!!
*It's always good to shop around for different services/prices but no one ever tells you that.* 👍
Yes so true!! It can really make a huge difference!
Unrelated to the topic of the video- you look more toned. Especially in your arms and shoulders. Are you enjoying keto?
You just made my morning! Thank you!! I’m absolutely loving keto!!
It would seem a value judgment may have been made on my last comment, so I made one as well
It didn’t seem that way! I always enjoy your comments!
@@freedominabudget Thank you Kelly, my intention has always been to encourage
Yes she does earn more to save more BUT people, understand she is out there side husseling her butt of to get that cash flow. The "extra" money didn't just appear in her bank account.
I don't earn the money she does, BUT I make choices based on need, pay attention and keep on it all the time. I just paid of 6 THOUSAND dollars worth of debt last week alone without taking food off my table. It is possible. What are you willing to do/temporarily willing to do without to make it happen??
Make up your mind to stop making excuses of why you are living pay check to paycheck and make the $$ moves.
So much truth in this video. I know I still sometimes catch myself thinking that I'll be able to save/achieve more with a higher income, but I also realised in the past couple of months that even on my current income (almost $50k this almost finished tax year) I still have weeks/fortnights that I feel like I'm living as paycheck to paycheck as I was when I was earning $20k per year.
That wishlist hack is so helpful - I was actually purging one of my store wishlists while listening to the video.
Lifestyle creep is so real and so easy to fall into! Right?! Isn’t that wishlist hack helpful?!
@@freedominabudget Exactly. I admit that lifestyle creep has contributed but it also doesn't help that I swear every time my employer gives me a cost of living salary increase, things like rent and insurance etc go up just enough to make the pay rise a waste of time.
idk how on earth id save 10000 a year when i make 20k😂😭
At an income of 10K, you won't be able to save half. As Kelly explained in the video, she had to work on increasing her income by working overtime, working to advance in her career and get a raise, and taking on a side hustle. It was only once she got her income up that she could save half.
I make 16k yearly , I can save 6k sometimes more. It's better than nothing
Every little bit saved is helpful! You don’t need to save 50% of your income too but increasing it a little bit more each month will make a huge difference! You got this!
What does the Bible teach about purpose of marriage and children ?
Like arrows in the hands of a worrior, so are the children of one's youth.
Children are a blessing from the Lord, the fruit of the womb are Hus reward. Just putting the Word out there.
Yes they are!