If you don't know what to invest in, starting with an index tracker that tracks your chosen market is a really good idea. Eg. one that tracks developed markets, the S&P 500 (US), or a total world fund. I wouldn't recommend investing in single stocks unless you really know what you're doing in terms of researching and analyzing balance sheets, earning reports etc. because if you get it wrong then all your money is gone, whereas with an index fund, if a company goes bankrupt or drops below the threshold for that tracker then it's just replaced by another company.
I never said it was the only one just an idea! I found investing "fun money" a few stocks here and there was alot easier for me to grasp my understanding of investing! Like you said there's other ways to do it, I just wanted to give a less intimidating option!
@@CarterSullivan Oh, I didn't mean that what you're doing wasn't a good idea - I think if you do want to eventually move into buying individual stocks, allocating a few $ a month to play around with is a great way to do it. But for first time investors, indexs are a good intro. There are also some really great stock market simulators, like on Investopedia where you can research and "buy" real stocks without actually spending your own money that is another good option for learning single stock investing. You can research and find ones you like and track their progress as if they were really in your account, but if things go sideways, you've got no real money in it.
My husband and I have a shared savings and shared biz account, but our main checking and savings we kept separate. we split bills and other living essentials and regularly review our finances and goals, which works well for us!
I’ve seen a few lifestyle creep videos, I start my new job on the 23rd and I’m praying lifestyle creep doesn’t happen to me!! 😭 these videos are popping up for a reason
Can anyone else be more detailed or transparent?? I'll wait! Thank you for sharing and inspiring. On the verge of giving up on my channel but wow, this just gave me hope and encouraged me Carter 🖤
I really love seeing people speak positively about condos. I feel like they get a bad reputation - there can be negatives in any type of ownership imo. As a fellow first time buyer, who got a condo, I love it! And it will make a great rental property in the future :) congrats on hitting your goal early 🎉
That is why I talk about it so much- I hate the bad rep condos get 🙄 I think it's a great way to own your first home & still have not 100% of responsibility on you for repairs if that makes sense!
I'm here for paying extra to your mortgage, we overpay by such a small amount per month yet it's saving us thousands in interest and getting us to our pay off date years earlier if you can do it while also saving/investing then why not!
I need to try the waiting challenge. I seem to want to pay/buy everything from my wishlist within the first week of getting paid and then struggling until next pay day. Thanks for the tips Carter 💕
How will you/do you handle splitting expenses/renovations when you make significantly more a month than him? (I'm assuming that your increase in youtube $ has made a big difference) I feel like expenses/salary can be an issue for relationships when there is a big difference in salaries.
We talk very openly about finances in our relationship- its very important to us to communicate about our feelings financially & how we're feeling with money on a weekly basis! I answered this already in the comments so look for the detailed answer there. But long story short we are still splitting things 50/50, it works for us! We are EQUALS in our relationship so it works for us. But it may not work for others and thats fine! It's not an issue if you communicate about it from the beginning🥰
If you want to start investing, start with an index fund, not individual stocks!! Also, don’t start with crypto either. If you’re looking into investing for the first time, please look into index fund investing.
@@CarterSullivan My comment is meant more for people who want to start investing for the first time, and especially if they’re trying to investing for something like retirement! Not meant to be a knock on you or anything like that.
@@avery5321 Oh yes I totally agree! I think it really depends what your goals are and your country of course! I don't like using the terms 'right' and 'wrong' when it comes to money especially investing but yes you are so right that there are lots of ways to invest when you are just starting out!
@PHASION TELEVISION i'm not a mom but I am personally just trying to separate myself with Amazon as a whole! I stopped for a few reasons- 1 I was buying stuff I didn't need just for the convenience factor of it coming the next day & if I need something I'd rather try and not support a billion dollar corporation and support more local where I can or directly from the company! Amazon charges 20% for any purchase so lets say a local coffee shop has their beans on Amazon they lose 20% of the purchase so I'm going to suck it up , wait a few extra days & buy directly from the company!
@PHASION TELEVISION the budget Mom is the name of another TH-camr and she has a Facebook group for followers :) Im not a mom! Scam was probably a harsh word but I was just repeating what c said. But I had prime and I didn’t get my packages any faster :/ I also just generally overspend on Amazon! Just my personal thoughts & opinions. Im in no way saying no one should have it!
Love this chat 💛💛 and I Just can't believe how transparent, honest are you and I just adore you because of that Wish that I will raise my children to have your mindset (3 Kids ages 2,11,15)
I never comment in any video but i just love how most of your videos are about you talking to us in the same way you would talk to yourslef in your mind, does that make sense? I feel so identified with like the self talking. I love your videos!
Single picking stocks is not the best strategy. If you don’t know what to buy I would suggest to buy an ETF that tracks the whole market (like VT). They are traded like stocks. If you are very young, you could only buy VT regularly and keep it for the rest of your life, success is almost guaranteed.
It was just a suggestion, not saying its the best way to do it! It helped me get into the world of trading and is alot less intimidating. There are obviously other ways like you mentioned but this is just an IDEA
Since your income has increased so much, are you going to take on anymore than half of the expenses? I’m always curious how couples split finances when there is a difference in salary.
Great question! Every relationship is SO different but currently no we are planning on still splitting things 50/50. The reason for it is I still have to play catch up to Matt in terms of savings & debt payoff. He has his car paid off & I want to pay mine off & catch up to where he is savings wise and we are both on the same page about that! I think once we are on a LEVEL playing field with expenses then we will re-evaluate but for the time being this is our plan!
I love how transparent you are about money, how much you make, how much you spend, etc. I am setting myself up with success learning all this information so when I have a job bring income in regularly! (Right now I just babysit whenever and I’m 15!)
1-2% interest on your car note? Is that a Canadian thing? Because holy hell no one I know here in the US has had interest that low, even with good credit scores
I do not! I followed his "baby steps" debt payoff methods starting out but I don't agree with alot that he says (ie. no credit cards/all debt is bad etc)
This is why I love watching finance videos. It’s always interesting to see the varied ways people handle their money and it’s a great way for me to find inspo on how I do mine too. ❤️
Considering they are multi million dollar houses that would be a hard no😂 But we have talked about maybe being snowbirds younger in life & spending winters there and renting a condo or something but not anytime soon!
I am also very aware of lifestyle creep right now since getting a bigger salary. I am investing in better things which I think is smart. For example, I bought higher quality clothes with the idea that I won’t be needing to replace them anytime soon. I think lifestyle creep in that sense is okay?? Maybe I’m just convincing myself haha
That gift card system is genius! 🤯 I use a bank that allows me up to 10 separate accounts inside and I have 9 I believe. I'm the same was with seeing that big number.
We combined our bank accounts when we got married. You definitely have to re-work your budget since there is a lot more money in your account than you are used to but it is so much easier only having one savings account and both being able to see how much money you collectively have saved for things like vacations and home renovations.
Hi Carter!! i'm from Europe and I'm curious how you work 2 jobs because here the max hours by week are 40h meaning that if you want to work at any other job it must be as a freelancer. Can you talk a little bit more about that? THANKS 💛
Hi! So a fulltime job here is the same about 40 hours a week but there's no rule on having another job- especially in healthcare its pretty common. Like I literally just have 2 jobs in separate hospitals if that makes sense- and I will sometimes work on evenings/weekends outside of my fulltime Mon-Fri 9-5 job!
love this!!!! another great video of course :) respectfully, you should consider donating to a church you really love! even if you dont attend service regularly, i find it just as important to support those instititions that support me in my faith :) 🥰 even if its just periodically/randomly that you donate
Thanks so much! I actually don't go to church which is why personally I don't tithe- but I do like I said donate to various charities and organizations that I feel called to. I'm still exploring my faith and WHAT I believe in and so it doesn't feel like the right time to tithe 🥰 To each their own!
@@CarterSullivan oh i see!!! sounds like youre on a great path. 😊thanks for elaborating, thats so thoughtful of you! i hope you have tons of blessings on that journey (of feeling out your beliefs)!!
It's so insane to me that you were able to get a credit card as a teenager! Where I live in Belgium you can't even get one unless you've had a steady income/job for a few months
I was wondering if you might do a money q&a with Matt if he feels comfortable with that? I would love to see, since you guys are separate finances, what his feelings are on it and what perhaps he does differently.
Loved this video!!!💕 So inspiring for me to begin my you tube channel! Can you please share what credit card that is from 🇺🇸 that saves you $ on travels? Thanks so much! I need this credo card! I live in 🇺🇸
YES! And it's amazing! I have been using it for years 🙌🏻 It was actually called SimpleTax & then Wealthsimple bought it! It's super easy to use & they walk you through it & help you optimize your tax return! Not sponsored by them just love it ♥️
love this money chat! love how open and honest you are about finances carter!
🥰🥰
You have truly taught me so much! Thanks for being so transparent about money, it’s so refreshing!
♥️♥️
If you don't know what to invest in, starting with an index tracker that tracks your chosen market is a really good idea. Eg. one that tracks developed markets, the S&P 500 (US), or a total world fund. I wouldn't recommend investing in single stocks unless you really know what you're doing in terms of researching and analyzing balance sheets, earning reports etc. because if you get it wrong then all your money is gone, whereas with an index fund, if a company goes bankrupt or drops below the threshold for that tracker then it's just replaced by another company.
I never said it was the only one just an idea! I found investing "fun money" a few stocks here and there was alot easier for me to grasp my understanding of investing! Like you said there's other ways to do it, I just wanted to give a less intimidating option!
@@CarterSullivan Oh, I didn't mean that what you're doing wasn't a good idea - I think if you do want to eventually move into buying individual stocks, allocating a few $ a month to play around with is a great way to do it. But for first time investors, indexs are a good intro.
There are also some really great stock market simulators, like on Investopedia where you can research and "buy" real stocks without actually spending your own money that is another good option for learning single stock investing. You can research and find ones you like and track their progress as if they were really in your account, but if things go sideways, you've got no real money in it.
You inspire me so much to get my ish together with my money!! Thank you :)
YOU GOT THIS GIRL
My husband and I have a shared savings and shared biz account, but our main checking and savings we kept separate. we split bills and other living essentials and regularly review our finances and goals, which works well for us!
I love this for you- let's promote whatever finances work BEST for YOU and YOUR relationship am I right? ♥️
I’ve seen a few lifestyle creep videos, I start my new job on the 23rd and I’m praying lifestyle creep doesn’t happen to me!! 😭 these videos are popping up for a reason
As long as you are aware of it then you are good! Live your life off of your old salary!
I love your finance videos! Thank you for being so transparent, it’s so helpful. It’s like chatting with a friend 💵
In Malaysia we rarely have next day delivery. 3 days is a short time to get anything.
Interesting!
@@CarterSullivan Yeah we're lucky if we can get anything within the week and we still pay a hefty delivery fee for it.
I appreciate how transparent you are! I definitely need to do better because my lifestyle creep is real haha
You aren't alone, we all go through it!♥️
Can anyone else be more detailed or transparent?? I'll wait! Thank you for sharing and inspiring. On the verge of giving up on my channel but wow, this just gave me hope and encouraged me Carter 🖤
You got this, don't give up! It's so cheesy but it happens when you least expect it!!!
I really love seeing people speak positively about condos. I feel like they get a bad reputation - there can be negatives in any type of ownership imo. As a fellow first time buyer, who got a condo, I love it! And it will make a great rental property in the future :) congrats on hitting your goal early 🎉
That is why I talk about it so much- I hate the bad rep condos get 🙄 I think it's a great way to own your first home & still have not 100% of responsibility on you for repairs if that makes sense!
Woo hoo condo gang member right here! Love it too!
Agreed! Spend a day looking at all of the brands you use on a regular basis and buy stocks in those companies!
Yes it's a great way to start!
I'm here for paying extra to your mortgage, we overpay by such a small amount per month yet it's saving us thousands in interest and getting us to our pay off date years earlier if you can do it while also saving/investing then why not!
Ou good to know thank you!!
I need to try the waiting challenge. I seem to want to pay/buy everything from my wishlist within the first week of getting paid and then struggling until next pay day. Thanks for the tips Carter 💕
It has helped me so much because I used to spend my paychecks the second I got them!!!
How will you/do you handle splitting expenses/renovations when you make significantly more a month than him? (I'm assuming that your increase in youtube $ has made a big difference)
I feel like expenses/salary can be an issue for relationships when there is a big difference in salaries.
We talk very openly about finances in our relationship- its very important to us to communicate about our feelings financially & how we're feeling with money on a weekly basis! I answered this already in the comments so look for the detailed answer there. But long story short we are still splitting things 50/50, it works for us! We are EQUALS in our relationship so it works for us. But it may not work for others and thats fine! It's not an issue if you communicate about it from the beginning🥰
Loving the hair and makeup! So beautiful 💕
Thank you so much!!
If you want to start investing, start with an index fund, not individual stocks!! Also, don’t start with crypto either. If you’re looking into investing for the first time, please look into index fund investing.
Hi! I've been investing for over a year & like I mentioned I have great individuals in my life who are well educated on it!
@@CarterSullivan My comment is meant more for people who want to start investing for the first time, and especially if they’re trying to investing for something like retirement! Not meant to be a knock on you or anything like that.
@@avery5321 Oh yes I totally agree! I think it really depends what your goals are and your country of course! I don't like using the terms 'right' and 'wrong' when it comes to money especially investing but yes you are so right that there are lots of ways to invest when you are just starting out!
totally unrelated but can i ask where you got your top in this video? 😊
H&M but its not sold anymore!
If you have varying income months I recommend paying advance things as much as possible (for example the car insurance thing)!!
Yes I agree! I used to do this when I got paid hourly and not salary☺️
Thank you thank you thank you for being so candid with us! You have taught me soooo much 🥺💙
Aw you're so welcome!! ♥️
Agreed Amazon is a scam lol. A bunch of people in the Budget Mom Fb group cancelled this month as well, including myself!
I can see how it provides value for others but it doesn't for me anymore or not anything that I can't wait a few more days for!
@PHASION TELEVISION i'm not a mom but I am personally just trying to separate myself with Amazon as a whole! I stopped for a few reasons- 1 I was buying stuff I didn't need just for the convenience factor of it coming the next day & if I need something I'd rather try and not support a billion dollar corporation and support more local where I can or directly from the company! Amazon charges 20% for any purchase so lets say a local coffee shop has their beans on Amazon they lose 20% of the purchase so I'm going to suck it up , wait a few extra days & buy directly from the company!
@PHASION TELEVISION the budget
Mom is the name of another TH-camr and she has a Facebook group for followers :) Im not a mom! Scam was probably a harsh word but I was just repeating what c said. But I had prime and I didn’t get my packages any faster :/ I also just generally overspend on Amazon! Just my personal thoughts & opinions. Im in no way saying no one should have it!
Just discovered your channel and I immediately subscribed! Love the concept and how open you are with finance as I personally need this
Aw thank you!!!! ♥️
Thanks for sharing!! Really love your open and honest content :) Excited to see where your journey takes you as you tackle all these new endeavors!
Thanks so much!!
Love this chat 💛💛 and I Just can't believe how transparent, honest are you and I just adore you because of that
Wish that I will raise my children to have your mindset (3 Kids ages 2,11,15)
Aw this is so kind, thank you!
I never comment in any video but i just love how most of your videos are about you talking to us in the same way you would talk to yourslef in your mind, does that make sense? I feel so identified with like the self talking. I love your videos!
This is so kind wow thank you♥️ That makes sense!! It feels like chatting with a friend or just talking things out to myself!
Single picking stocks is not the best strategy. If you don’t know what to buy I would suggest to buy an ETF that tracks the whole market (like VT). They are traded like stocks. If you are very young, you could only buy VT regularly and keep it for the rest of your life, success is almost guaranteed.
It was just a suggestion, not saying its the best way to do it! It helped me get into the world of trading and is alot less intimidating. There are obviously other ways like you mentioned but this is just an IDEA
Since your income has increased so much, are you going to take on anymore than half of the expenses? I’m always curious how couples split finances when there is a difference in salary.
Great question! Every relationship is SO different but currently no we are planning on still splitting things 50/50. The reason for it is I still have to play catch up to Matt in terms of savings & debt payoff. He has his car paid off & I want to pay mine off & catch up to where he is savings wise and we are both on the same page about that! I think once we are on a LEVEL playing field with expenses then we will re-evaluate but for the time being this is our plan!
I love how transparent you are about money, how much you make, how much you spend, etc. I am setting myself up with success learning all this information so when I have a job bring income in regularly! (Right now I just babysit whenever and I’m 15!)
Its never too early to be financially savvy, you go girl!
1-2% interest on your car note? Is that a Canadian thing? Because holy hell no one I know here in the US has had interest that low, even with good credit scores
It must be! It's pretty common to have 0.99% financing on car loans here in Canada but of course it varies!
Congratulations on earning more TH-cam money!
Thanks! 😃
I'm curious if you buy into Dave Ramsey's "no debt" rule. I personally don't think that's totally reasonable/smart
I do not! I followed his "baby steps" debt payoff methods starting out but I don't agree with alot that he says (ie. no credit cards/all debt is bad etc)
Your skin and hair!! What hair products do you use?
I use whatever shampoo/conditioner is on sale at the drugstore tbh
Love this video!
Thank you!!!
This is why I love watching finance videos. It’s always interesting to see the varied ways people handle their money and it’s a great way for me to find inspo on how I do mine too. ❤️
Considering how much you love Disney are you considering ever moving to the Disney houses in the US?
Considering they are multi million dollar houses that would be a hard no😂 But we have talked about maybe being snowbirds younger in life & spending winters there and renting a condo or something but not anytime soon!
@@CarterSullivan I knew they were expensive I didn't know they were t
THAT expensive. 😂😂😂
@@daniellerola6637 they start at $2 million😂
@@CarterSullivan wowwwww. 🤣🤣🤣 I can't imagine spending that much on a house ever.
I think you forgot to answer the discretionary income question? You like blanked 😂 love the video though!
I read it then made a mental note to answer at the end and I never did😂
Girly every time you say your hair is wild I think it looks so pretty😂❤️
HAHA it just has a mind of it's own tbh
I love that you always have Disney mugs. They are so cute!💕
Of course! We're big Disney people around here🥰
Hi! New subscriber here. Love the transparency! What is your part-time as needed job?
I work in another hospital PRN in scheduling☺️
Carter, you are too cute haha! Stay blessed sissy 🤍
Thank you aw 🥺♥️
Also, I just noticed that you didn't answer the last question. XD
Did you mean to not answer the question about disposable income haha
I meant to answer it at the end and then forgot😂
@@CarterSullivan oh okay! Haha
I am also very aware of lifestyle creep right now since getting a bigger salary. I am investing in better things which I think is smart. For example, I bought higher quality clothes with the idea that I won’t be needing to replace them anytime soon. I think lifestyle creep in that sense is okay?? Maybe I’m just convincing myself haha
I think that's totally okay! As long as you're still spending wisely- I feel the same! I'm working on upgrading pieces to last me longer!
That gift card system is genius! 🤯 I use a bank that allows me up to 10 separate accounts inside and I have 9 I believe. I'm the same was with seeing that big number.
It works really well for us & helps us save more for sure & stay on track on vacation!
We combined our bank accounts when we got married. You definitely have to re-work your budget since there is a lot more money in your account than you are used to but it is so much easier only having one savings account and both being able to see how much money you collectively have saved for things like vacations and home renovations.
I think to each their own, whatever works best for you as a couple!
@@CarterSullivan Correct! Whatever way is easiest!
Lol I love it, “guys I’m all over the place, that’s how I really am” ….me too ☺️☺️
Its my personality type tbh😂
A little choppy not sure what happened there but the bits I did catch were good and insightful 💕✨
Hi Carter!! i'm from Europe and I'm curious how you work 2 jobs because here the max hours by week are 40h meaning that if you want to work at any other job it must be as a freelancer. Can you talk a little bit more about that? THANKS 💛
Hi! So a fulltime job here is the same about 40 hours a week but there's no rule on having another job- especially in healthcare its pretty common. Like I literally just have 2 jobs in separate hospitals if that makes sense- and I will sometimes work on evenings/weekends outside of my fulltime Mon-Fri 9-5 job!
@@CarterSullivan I understand, thanks for the feedback :D
love this!!!! another great video of course :) respectfully, you should consider donating to a church you really love! even if you dont attend service regularly, i find it just as important to support those instititions that support me in my faith :) 🥰 even if its just periodically/randomly that you donate
Thanks so much! I actually don't go to church which is why personally I don't tithe- but I do like I said donate to various charities and organizations that I feel called to. I'm still exploring my faith and WHAT I believe in and so it doesn't feel like the right time to tithe 🥰 To each their own!
@@CarterSullivan oh i see!!! sounds like youre on a great path. 😊thanks for elaborating, thats so thoughtful of you! i hope you have tons of blessings on that journey (of feeling out your beliefs)!!
It's so insane to me that you were able to get a credit card as a teenager! Where I live in Belgium you can't even get one unless you've had a steady income/job for a few months
I mean I did have consistent income at 18 but I think it's pretty common in Canada to get approved (mine was only a $50 limit)
I was wondering if you might do a money q&a with Matt if he feels comfortable with that? I would love to see, since you guys are separate finances, what his feelings are on it and what perhaps he does differently.
Probably not sorry, I choose to put my finances on the internet but he doesn't! He prefers to keep his finances private and I respect that!
@@CarterSullivan Okay! That's why I asked if he would be comfortable. I love that you guys both respect each other's decisions!
I'm so jealous that you are younger than me and a homeowner 😭
Everyone's life goes at different paces♥️
Loved this video!!!💕
So inspiring for me to begin my you tube channel!
Can you please share what credit card that is from 🇺🇸 that saves you $ on travels?
Thanks so much! I need this credo card!
I live in 🇺🇸
I'm Canadian so sadly you won't be able to get any of the credit cards that I use!
i didn't know wealthsimple also offer tax services! good to know haha
YES! And it's amazing! I have been using it for years 🙌🏻 It was actually called SimpleTax & then Wealthsimple bought it! It's super easy to use & they walk you through it & help you optimize your tax return! Not sponsored by them just love it ♥️