GETTING A MONTH AHEAD ON YOUR EXPENSES | live on last month's income
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- เผยแพร่เมื่อ 26 มิ.ย. 2024
- Getting a month ahead on your expenses ****** To see how I budget last month's expenses, check out the April Budget With Me ▶ • APRIL 2021 BUDGET WITH...
It's time to stop living paycheck to paycheck and gain financial security. In this video, we're going to talk about getting a month ahead on your expenses. Saving money to get a month ahead is easier than you think. Check out this video to get a few quick tips to build a buffer in your budget for next month's expenses. Do you currently live on last month's income?
Want to read the blog version of this video? Check it out here:
0:00 Intro
1:58 Add up expenses
3:09 Create a budget
4:59 Cut expenses
5:48 Side hustle
7:21 Save extra money
8:20 The bottom line
Resources Mentioned:
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I'm the blogger behind www.wellbalancedwallet.com. I’m currently on a journey to become debt-free and I'm passionate about helping people create healthy money habits. Let me know more about you and what you would like to learn about! Leave me comments and suggestions on my video and let me know!
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I'm surprised more people don't teach this concept. It lowers your stress around money exponentially...
I agree! We love it.
I didn’t realize that I do this, but getting paid once a month, especially towards the end, definitely pushes you in to this lifestyle.
It really does!
Smart...a lot of the time people are not broke just not liquid. I have money but not until the 15th. A month ahead helps you to stay liquid.
Exactly! Being a month ahead really helps.
I think starting a buffer account will definitely help them get a month ahead. Good video.
Definitely!
I am starting a new job soon so my income will be higher. I will then build up my month ahead, then Emergency Fund and then other funds. My aim is to be self sufficient and debt free by beginning of 2024 (before I am 50!!)
Congrats on the new job! I like how you have a realistic debt free goal.
How's it going?
Great tips! I haven't used YNAB, but I do like the Mint and Personal Capital apps. They have helped me in working towards sticking to my budget. BUT, the hardest areas for me are food (I don't like to cook so we get takeout WAY too much!) and buying stuff for my kids (although I've gotten a lot better with that). Going to check out the rest of your channel now! Do you have any videos with more about side hustles?
I have a side hustle video coming up very soon :)
This is so helpful! Thank you!
Glad it was helpful. Thanks for watching!
Great ideas on creating a buffer; I will have to put a few of these in practice
Go for it!
Great video! Thank you for the information.
I concur
Thanks for watching!
Great video. Thank you!
Thanks for watching!
I have never tried YNAB. I have always used pen and paper or excel spreadsheet. I think I will watch a few videos on using YNAB. Great video!
It’s the best budget app that I’ve ever used. You should do the free trial to see if you like it :)
Is YNAB a app ??
Do you live on last month's income? If not, what is stopping you from getting a month ahead?
To see how I budget last month's expenses, check out the April Budget With Me: th-cam.com/video/6sim3TKKDmk/w-d-xo.html
YES. NOTHING.
You're ahead of the game!
You are so pretty. Thank you so much for this video, it will really help us.
Thank you! Glad these videos are helpful.
Yanks for the tips!!
Thanks for watching!
I am going for it in 2023
Yay! Let us know how it goes!
So when you have all the money to pay your month's expenses do you just pay everything at the beginning of the month or you just pay it when it's due?
Great question! I pay everything on it’s due date because most of my bills are on autopay. I have a video coming up to show exactly how I budget each month.
@@WellBalancedWallet ok thanks
I pay all my stuff as soon as i get my paycheck, most times itll be a week and a half before they are due, so that way if something does happen i have about 5-6 weeks until they are due again and id be able to hopefully figure something out if need be......but usually it just gives me some extra time of breathing room until the next time.