Is Budgeting Really That Hard?
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- เผยแพร่เมื่อ 3 ต.ค. 2024
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Dave should ABSOLUTELY make an app where he yells at people if they overspend in a budget category!!!
Amen!
THIS IS INSANITY! YOU DONT GET TO SEE THE INSIDE OF A RESTAURANT UNLESS YOU WORK IN ONE!
It's called everydaverant
dave since I been on a budget I dont see the inside of the restaurant for a long time. I go to drive thru now.
Amen. They should have a Dave Ramsey bobblehead with his voice saying his phrases!!!
Tell your money where to go instead of wondering where it went
izoneoutzi1 frickin epic
John Maxwell
Love this!!!
izoneoutzi1 THAT is good advice right there
So simple yet so hard for some people 🙄
Budgeting saved my life! I constantly was saying “where did my money go?” And now I know where every cent goes
I go crazy if I lose track of even a penny. It usually ends in me backtracking through our statements until I find it. It's usually a typo when I enter expenses in our spreadsheet 🤦🏻♂️
Budgetting is all discipline. Without discipline every system will fail!
I kinda disagree. Budgeting is putting round pegs in round holes, and square pegs in square holes. What requires discipline is *deciding to sit down* and put the round pegs in round holes, and square pegs in square holes, and *stopping* when all the round holes are filled with round pegs and the square holes are filled with square pegs.
But discipline is boring.... :-D
80% behavior. 20% knowledge
Discipline equals freedom.
I've learned more from dave ramsey than my ENTIRE 12 years in school... 😎🙌🏽💯
Because school really isn’t for learning.
Budgeting is nothing more than #1 putting round pegs in round holes and square pegs in square holes (which you learned as a toddler), and #2 arithmetic and subtraction (which you learned in second grade).
RonJohn63 still 1/3 of population does not do it for whatever reason. Its dumb do as it saves me 10% of my paycheck by directing money where it should go to. Instead of regretting later.
@@MrZwartwit *not doing* something you know (or can trivially figure out) how to do and *not knowing how* to do something are completely different Someone as smart as you should know that.
honestly yeah, the school system needs to be changed. right now its the same system as it was in the early 1900s, built to make factory workers who follow expectations well.
Budgeting, just like staying healthy, is a lifestyle choice more than anything.
Budgeting is hard. Especially if you've never budgeted anything before. But man... once you get the hang of it, it makes a huge difference when you're on the debt free journey.
I’ve luckily never had debt before, but man I can’t imagine going back to a life where I’m not budgeting. I’d feel so nervous not knowing where my money is going.
Agreed. Its a way to teach us how to self discipline with money
I have an alternative plan for people who think following a budget is "too restrictive". I call it a guilt based budget. Live like you normally would for a month, but whenever you spend money on something you write down the amount and what it was for. Then at the end of the month you go through the list of what you spent and categorize it, and if you went over your income for that month you have to explain to yourself why each purchase was necessary and worth going into debt for. Works even better if you do it with a spouse/partner and explain to them.
Budgeting is SIMPLE! having the discipline to stick to a budget is the hard part. Some people aren't willing to sacrifice. They feel entitled to a new car, a $1k phone, a 4000 square foot house, etc. Ya can't fix stupid.
This man has been a blessing to my finances. God bless you Dave!
Hahaha I laughed out loud when he said you're going to spend more on food. This is the first month I'm on EveryDollar and I'm scratching my head because even with frugal shopping I was way off. Lolol I'll keep trying
Marlyn Santos After 10+ years of consistent budgeting, I can tell you to within $50 what I actually spend on food in a month. I sometimes go a few dollars over, sometimes a few under (a few = >$20), but roughly I hang out around $700 a month. But if I were able to increase that to $800, I’d spend $800. So basically I spend what I budget. I could probably save $100 if I shopped a bit more frugally, but why? We can afford $700 a month for 5. I should mention I get most of my produce at a produce store that has really good prices! I menu plan every week and shop to the menu. All this makes a difference.
OMG...food is so easy to overspend on! When you see it in writing...it's a wakeup call!
I love budgeting :) My husband and I have a big budget committee meeting at the beginning of the month and then have a quick meeting (usually 5 minutes or so) every Sunday after that just to touch base.
Then of course, I run numbers a few times per week because I’m obsessed 😂
Anna Lesher oh gosh, me too! I'm constantly checking and re-checking my numbers!
Anna I do the same thing 🤦♀️🤦♀️ I'm obsessed with my budget.
Obsession is one key to success
Me too! I obsess about the numbers a lot.
Me too!
I’ve been budgeting for months and it has totally saved me financially. A lot of people budget monthly, but since I get paid weekly I always budget on a weekly basis, which is awesome because I can track my expenses and spending more often. I personally love budgeting with pen and paper. I’m not a big fan of apps honestly. I just love writing things down and making notes to myself.
I like writing mine out as well
👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
This simple principle of telling EVERY DOLLAR where to go before i started spending was life changing for me! Accounting for every dollar...thanks Dave. You have truly been a blessing in my life
Budgeting might not be complicated, but for some people getting control of their money IS that hard! For everybody that saw the light in January, stick with it! Feels great on the other side.
benwhitnell
Don't see the big deal.
My entire household budget is in my head.
I keep things simple.
What kicks in is how their family spent their money. Which might be to spend it all, and then use the credit card when you don't have the funds.
BlackWorldTraveler well the data suggests that your anecdote is just an anecdote. I don’t see how some people can’t differentiate between personal experience and demographic data, but here we are all the same.
benwhitnell
It's my own personal experiences that made me wealthy and retiring next year 15 years early not data.
Don't even care about the data.
Just keeping things simple and use common sense.
BlackWorldTraveler we’re all very impressed. Both the first and second statements stand.
I struggled to do a budget where every penny was set out as I felt it was too restrictive, instead, I tracked my spending for 3 months then gave myself a weekly budget the I knew was livable. With this system I can save 60% of my income but still feel can do what I enjoy, if I spend too much one week I just know I have to cut back the next.
Pretty much the same thing I do. It's simple at it works.
You have found a way to manage your finances that works for YOU and that's the most important thing. Keep it uo .
When we put together our budget and we KNEW we had all our essentials covered, we dumped the rest into a "gift fund" or "restaurants" as both of those are extras and not necessities.
Did a budget for the first time this month. I was off on groceries and haircuts. Next month, I made the adjustment
No ,you just have to be disciplined and stick to your game plan !
I love the navigation analogy. ***Rerouting***
Go out of bounds and you hear Dave say “That was STUPID!!”
So funny! I was editing my food spend on my spreadsheet as you mentioned over estimating this area! Working towards saving 50% of my net income... made it to 43.4% so far! Thanks for the advice mate! Hi from the UK.
I wrote weight loss goals down and now I’m excited to write down savings goals and a budget. Thank you for the motivation!
Thanks Dave! I know some people are against you or anti budgeting. I use to not budget and wonder where my money went and get fees then I took your advice a month ago and tried it. Now after I tried it now I'm less worried about money and stashing hundreds of cash into my savings instead of a small $15/week and getting bossy with my money and showing it who's boss. Now I can't wait until the next budgeting meeting to see how much I can save or have available for things that I might need and know if I could or couldn't afford.
I started budgeting with my wife a few months ago and I liked the results (thank you free spreadsheet program). But we were still using the debit card for all purchases and felt like the money was still not being properly accounted for. Now we use cash and envelopes instead and it works a lot better. And for the first time in over a decade I am able to put money aside in savings. Too bad Dave isn't running for president, because maybe then the congressional budget would be balanced and America would be debt free in 6 months.
I declared war on my debt. Just our mortgage left. Dave’s plan works. Start today. If I can do it so can you!!
Dave Ramsey GPS: "In $450, make a student loan payment!"
Kyle's Big Pig ha! 👍
Hahaha niceee. That's so appropriate.
I think understanding that you will be bad at it at first but that you will improve is important to understand and accept. Too often people do bad once and give up.
Even those who are good at budgeting fall off the wagon occasionally. A splurge once in a while is ok as long as you get back on schedule afterwards.
Family is skinny and hungry 😂
Well maybe that's the key to weightloss! Lol
Val 😂😂😂🤣
Dave Ramsey audio: stop spending too much money stupid! 😂
Budgeting isn't hard. It's basic arithmetic.
Living to it is the hard part. It's the part that involves compromise, saying no to unplanned entertainment, emotional pressure to spend.
This is why I set myself up with a need want list...... My basic rule is I can't get something on my want list until all my needs have been met..... Needs include food, transportation and maintenance and clothing when necessary...... There are a few other things as well, but that's how I operate..... If my needs aren't met, I can't get what I want...... I don't deny myself, but I get smart with my money to make sure I'm not going to be struggling...... Most of my friends don't understand this though..... Their thought process is I need this shiny new thing and I need it now, but then they're going without some of their basic needs
It’s sometimes difficult to stick to it but not impossible.
Best thing I’ve EVER done and I actually enjoy doing it
Plan your work and work your plan.
I need to be added to that data point. I was able to get my family out of debit completely by myself! That might explain why I am divorced now. My exwife completely refused to even discuss it and it always resulted in an argument. Even after counseling, nothing helped. You can't help those that do not recognize they have a problem.Well, you already know how that ended. I will dedicate the rest of my days to making sure my daughter learns about financial responsibility so she doesn't follow in her mother's footsteps.
I had one of those and she's been gone 8 years. I don't miss being married and never want another. I'm less than 60 days from debt freedom and it's a wonderful feeling! I can survive just fine on $1000 mo, which is 28% of my net retirement income. She's on her 4th marriage now and I'd bet money that they don't have two coins to rub together!
Budgeting 101..... keep your bills as low as you can ... stay busy working studying and working out and don’t go out on weekends anywhere you have to spend money. Thats it if you can’t do that you are just a loser that needs to spend money to earn peoples approval just work on your self steam first.
When will the Every dollar app be available outside Canada/US?
Dave Ramsey for president! Campaign slogan: "Deficits are Stupid. Get America Out of Debt!"
I've kept a monthly budget spreadsheet for 30 years but only recently have started weaning myself off using a credit card for day to day spending. This has really ramped up my self awareness of where my money is going
LoL, I want Dave to yell at me on EveryDollar haha.
The Dave Ramsey audio guidance on the app!!! Yassss!🤣
Budgeting can be hard but I help other teachers on small incomes live a fulfilling life.
My budget for 2019. My monthly income is 2,300. $750 is left aside for rent, insurance, groceries, taxes (which is next to zero), and car gas and repairs saving. $550 into emergency funds (which is hold in a 2+% saving account). $900 dollars into Roth IRA account. $100 is for me to make free choices. I'm trying to save that up so I could get a bike.
Tien Doan $750 is divided into rent, insurance, groceries and gas? How much is your monthly rent? That’s crazy !
Tien Doan what’s your food allowance?
Joey Alvarez probably lives with family 🤔
It’s not allowed to invest more than $6000 a year or $500/month in a Roth. How are you investing $900 a month?
Since I started this we’ve been saving about £1500 per month, and we’re not even on rice and beans….
I don't make enough for the budget I need haha.
Have to be consistent!!! Stop making excuses!! Stop being in denial!!! Say NO to anybody who asks for money. Say NO to everything that is not in your list
The majority of folks can't say "No" to themselves!
When simple addition and subtraction is too difficult...
By golly, he's right about the food. I've been tracking my spending for years now and I still remember the total shock about my grocery spending..if you pay with cards, you really have no idea, trust me!
I've paid for groceries with credit cards for 20 years now and it's not that hard to keep track. I have a monthly spreadsheet that I use to keep track of all expenses bills, gasoline, groceries, and I enter in the amounts every time I spend any money on any of them. last year our average monthly grocery expenses came out to be $740 a month. Last month we spent $591.17 on groceries. Plus with my card I get 2% cash back on groceries and 3% cash back on gasoline. every two years I get a free month of gas and groceries from my points
Can't argue with that Ryan! I guess Dave would say that you're still "playing with snakes". The temptations with credit cards (to purchase stuff and not pay the balance in time) are for many people just not worth the points or convenience, is what I think he means.
@@flowergrowersmith449 yeah, my mind works completely different from most people. Being a civil engineer my mind has a very mathematical approach to everything. Whenever I have cash in hand I consider that money already out of the bank and it's not going back in, so I will blow it much faster. When I use a credit card I consider that purchase as building up a monthly bill that I have to pay so I'm less likely to spend because that money isn't "gone" yet, but I have to pay for it. The numbers on a computer screen for my bank account have a bigger impact on me then a piece of green paper in my hand.
I am 87 years old and I have always had a budget. Today I have 15000 in the bank and 14000 in savings and no debt
I will be starting budgeting from september 2019 onwards.
Have been listening to your awesome materials for a few month now.
I have always been a saver, and manage to save roughly 20% of my take home.income
Hopefully, witj budgeting, i can push up.that amount to 30% and put thr extra 10% into retirement saving.
Thank you for this awesome videos Dave.
I wouldn’t mind hearing your voice on my shoulder telling me not to buy that haha
Budgeting is not Restricting.
It's a Spending plan.
I love my every dollar app!! I found it to be fun to enter info and really see what I am doing! My husband and I race to see who enter what and hold each other accountable!! We look at money differently now!!
Is there a UK version available? Your app isn't available in the UK.
Your app is amazing, i preach and recommend it to friends all the time. I used to keep a rinky dink excel spreadsheet and still saved, but your app is much more helpful, especially with preplanning, category breakdowns, and creating funds.
+1 for Dave yelling at me through the Every Dollar app when I overspend my budget in the next update.
I wonder when there will be an EveryCurrency app for those who live outside the US.
There are so many similar apps to use. I've been using Money Manager and I love it.
Robson Botelho Dave’s app has different currencies. I’m in South Africa, I use it.
@@ChooseU4ever Does it mean we need to save R14 000 in emergency fund in South Africa
@@murielmushariwa4051 Hi Muriel I don't do the conversion. I saved R10k for my baby step 1. Then for a fully-funded emergency fund, I saved 8 months of my monthly expenses
A voice saying "QUIT SPENDING LIKE YOU ARE IN CONGRESS!!!!
"A FLEECE!!!! THAT'S STUPID!!!!!"
And so forth.
It takes around 90 days to get the "rhythm" of your budget, per Dave. It's true! Then, once you're there, it's sort of addicting. I'm debt free and I still budget down to the penny with every paycheck. You got this!
I love your advice.
With all the tools, software, etc available today there really is no excuse for not keeping a budget. There are tools like Mint which does a decent job of tracking your spending.
🤣 your laugh though HaHaHA, I’m on light duty and my budget is air TIGHT best part my 12 year old understands 👏🏽and honestly I’m loving it but I’m Not🥴 I like it because of discipline
Oh my, deficit spending! That's not smart. Sounds like Congress needs to watch this.
Food is the biggest in my house! Plus coupons for paper n plastic, i have that app so now i know it is from you👏
An egg can get 40 million likes but people still can’t budget....what a world.
Bubba Gump not a really good comparison... even a baby can tap a heart on Instagram.
Chris Slayer I know I was just joking.
Where's this egg?
Marlene Webster Instagram my man
Weak people
Without a written budget, you will always stay broke. Makes no difference what your level of income, you need a budget. When you do make and follow a written budget, it really helps you make the most of the income you do make. Personally, I feel much more in control of my life when I follow a written budget. Most people feel deprived when they do a budget, not me. I feel less stress and more peaceful. It's such a shame most people work so hard and yet live so broke all because they don't want to take the time to sit down and make out a budget. They don't follow a written budget and then wonder why they have so much stress.
theres a reason why the classic methods or ways work, they are proven and tested. its actually pretty plain and simple, we're the only ones to like to complicate things.
How come we can’t get the every dollar app in the U.K.
Or Canada?
Because you're not f*cking Americans DEAL WITH IT . Lol JK
@@MikeMike-yc8gg Why does a person need an "app"? Pencil and paper works just as well!
Budgeting is hard when you hold back on how bad your finances are.
What things should I take into consideration from a financial standpoint when deciding who I should marry? What qualities should I look for in a potential spouse?
Budgeting is not that hard. Just assign each dollar a job and stick to it. If your fun money is running out then you know you have to wait until the next budget period. Yes you will sometimes break the budget but the idea is to stay in track after that.
Dave is the BEST!
I don’t have any written or budget applications. I simply set a weekly amount to reserve. In addition, I either stash or invest all windfalls such as bonuses, and tax returns. 🏛📊
My first budget was embarrassing. We thought we spent $200 on restaurants... reality? $600. Lord....... listen to Dave, my friends. October of last year, we were spending our way into the red every month. Every month we did better. Now? We save 40% of our income every month and that’s not even accounting for more changes we made this month to effortlessly save another $600/month. I’ll make a video about it. He’s very very right. Listen to the man.
I need to rework my budget also. But this time, I am also going to print out a monthly calendar so I know what I am spending on each day. And if something comes up and its not on the calendar for that day, its an easy "no".
Dave Ramsey 2024
Please release your App on the Australian Apple App store 🙏🏻
We live in a reactive society instead of proactive. Budgeting is being proactive and working your money BEFORE you get into trouble (debt!)
When he said I was wrong about my grocery budget 😭 I feel attacked lol
ANTOINETTE ELEAN same 😂
It’s because your not used to being told what’s right from wrong
I just figure out what I NEED to spend then I just invest most of the rest in Mutual Funds before I make any payments on anything. Always pay yourself first.
I love the "Turn around" audio idea.... but change it to "Rebudgeting" instead of "Recalculating"... LOL
Much harder with irregular income streams, IMO
Scott One i have to just track spending and keep track of everything, and just set a percentage of paychecks into savings accounts. Because our income is so irregular, paycheck one week, then again two weeks later, then not again til 4 weeks later, then 2 weeks and 2 weeks then 4 weeks... sometimes a little more or a little less amounts... so it’s different every month and impossible to budget the way they say to. But I still try! It makes a huge difference even just to keep track of every transaction and see what we’re spending money on and where we can make improvements and stay on track.
MAKE a budget that suits your finances.
Budget for the minimum amount you expect to make in that month. Any overages go to your baby steps.
We get paid hourly so each of our checks can vary + - $100 x 4 checks between the two of us. We budget for the smallest check we expect to receive (our average check -$50 or $100) and since we're on BS2, anything extra goes to debt (though we might get crawfish this month)
I feel enlightened now that I know what a map is
Mr Ramsey
Please make the Everydollar budget app available worldwide! Ok, the Plus and some banking functions won't be available for my little corner of the world but even just the basic budgeting function would be GREAT!
I've got budget on paper following your principles but I need something digital and portable to help keep me on track. I'm trying my 7th free budgeting app and none of them mesh with your approach! 🙁
@Anguiano Consulting I have, and it works ok but it's always a bit of a hassle. I'm not a excel wiz and making tables and graphics to show me how I'm doing is beyond me. This is why I want an app, to sort through the raw numbers, tell me where things are going wrong in a visual way. The "best budgeting app in the world" should be available worldwide, don't you think?
I have my monthly expenses laid out but since I’m self employed/full commission/unpredictable income…I have to figure out how to make it work!
I budget on a monthly basis. Just a Word document with the name/date/amount of each expense and, after paying it, I highlight the row in green to know it's been handled for the time being. When I look at that column of text and it glows green back at me, I definitely get a little endorphin buzz 😎
I started your plan 15 years ago with the CD's and book. If you stick with it you will have enough money to invest in reality or whatever 😎
I was about to buy lunch lol ate some leftovers instead
It seems like I need to prepay a month's worth of bills before the budget will work. It always looks good on paper but when I try to implement my budget I don't have enough for my bills or don't have a surplus. Help me understand this picture.
The app is free for 2months. Then you pay 129.99 a year. I think I’ll just categorize all my spending on paper in a notebook. Save your $
good info
Only if you want to track and link your financial accounts.
" While EveryDollar is free, to get actual financial tracking for your budget and connect your financial accounts, you’ll need EveryDollar Plus, which costs $129.999 a year. With Plus, you can drag and drop to match transactions to your budget categories, but if you’re a Mint user, you won’t likely need this. Still, the budgeting tool is handy (and can help you create a better budget for use in other programs)."
Honestly, EveryDollar kind of sucks compared to Mint and Personal Capital. EveryDollar is the only budgeting app I know that makes you pay to link your bank account.
I love the envelope system. I feel so free and sooo much less stress when I budget and use the envelope system. I know exactly how much I can spend and I'm in control. I love it.
Budget restricting? I actually noticed I had more money to work with than I thought after I eliminated all the fluff I spent money on.
I can't download the app bc I am outside of USA!
try Mint by intuit
The app is great ! Sadly no access to the mobile app in Europe.
Have you ever heard of a persons power of attorney being paid to represent them in an accident settlement case?
We don’t even use pay phones or yellow books anymore to find these places we just use are conviently handy smartphones
Dave is the king of name calling lol
Some of you don’t know what a map is 😂😂😂🤣🤣🤣
The problem I have is that I get paid biweekly, not bimonthly, so my money comes in at a different times than at the beginning of the month, which makes it difficult to pay bills as they come in.
JewelBlueIbanez I have my bills split into 2 categories. The first (rent and student loan) are due the 1st of the month. Everything else is due the 16th or after. They are pretty equal. So I pay those alternately, and if you plan it correctly, nothing will be late. Then, when there’s a month with 3 paychecks (it happens like twice a year) you have a “bonus” check!
We get paid 2 weeks, 2 weeks, 4 weeks, 2-2-4 repeating, plus the amounts of each check is different. So each month’s income is different. Lol 🤪 I just keep track of spending and save a set percentage of each paycheck.