I love this. In an effort to get my life 🤣, I have my employer split my paycheck for me. I split my paycheck three ways: spending, bills, and sinking fund. Eventually, I will add a 3-6 month savings account.
Thanks to you, I do have a payday routine! I still make some adjustments each time, but it gives me good structure. I do need to get back to routinely putting money in my emergency fund again.
This is already what I’ve been doing since last quarter of last year and I’m so relieved and proud that it’s the same process with you too! It’s like a confirmation for me that what I’m doing is right and I just need to be consistent with this routine. Thank you for this confirmation ❤🙏🏼 more power to your channel!
Yes, I have a routine, and it is getting better. I move any funds left in my spending account to my HYSA (short-term). I get excited about not spending everything I allocate for groceries, household needs, and fuel. As the weather is warming up, I am looking for FREE entertainment - concerts, outdoor movies, etc...
@@barbieamica2023 Many suggest SoFi, Ally, or Marcus, but I found others offering a higher APY after researching. Start by doing your research and what fits with your comfort zone. Ensure the bank is FDIC insured, the fees and minimum balances, and it is easy to connect with someone by phone, email, or in person. I found Bask Bank is a division of Texas Capital Bank with a current APY of 5.10% (March 1, 2024).
This is very helpful. I was wanting to know how do you and your partner keep track of the variable account spending so that no one goes over budget? Do yall have a app that you use to know much moneyis accountable for each category?
Hey, I'm new here. Finally found someone with many bank accounts like me😅. I dabble between cash and account budgeting. I got three different bank accounts and a few cash binders. That actual coloumn is going to come in handy. I have a stable routine and so far it's going well. I just haven't been doing a budget review as some times the actual expense is different from the budgeted. I'm definitely going to have to start doing that.
Hi! I am a new subscriber. Your video was awesome and I look forward to viewing many more and learning. Can you please tell me what planner you are using in your video? Appreciate you sharing in advance🙏🏽🦋🌹
After watching this, I don't think I have a sold payday routine. I'm good at writing my bills down and things coming up financially on my calendar monthly. But there's no organization. I need to get your TOM planner 😭
Prior to covid and inflation we were pretty good with budgeting and staying within budget. Now every week it seems like groceries and gas are going further up and I can’t get a handle on it
i set my 22 year old with adhd, weekly budget. pay me my $300 month for rent, ROTH IRA, car insurance, phone, new car fund, emergency savings, eating out and entertainment. after that he pays his community college tuition and then has freefall.
I have a pay day routine, but my problem is that there are always extra expenses and unexpected emergencies that just keep draining my money. I save an emergency/buffer fund only to see it go away within a couple months.
I did a no spend January and had over $800 extra saved, then had a water pipe break at the house ($600) and then a breaker box issue ($400), then my cat lacerated his leg on a fence outside ($1000). lol. That is the story of my life. Two steps forward, one step back. But, I’m going to keep trying to low spend/no spend going forward because it was amazing how quickly it accumulated once I paid attention! ❤
@@jengreen79 Whew!!! Oh yes. this has happened to us as well! Keep trying. We had that happen 3 months in a row, but the 4th month we saved and we were able to keep the money in the savings account for 5 months after. Keep trying! It will work out...
@@jengreen79 A humble suggestion, but set aside home maintenane and vet care sinking funds. We know home stuff breaks or gets broken and we know animals get sick or injured. This way even if we unexpectedly get a wild charge (like needing a new roof or cat gets diabetes) you'll at least have a down payment.
@@sarahk2722 yes, instead of specific sinking funds, I generally save all my extra money into a single savings account, but I’ve had to dip into savings a lot for various things coming up. I’ve finally been more diligent with saving more and this last time at least I didn’t have to take on debt like some of the past times. I’ve been keeping motivated by watching these videos and it’s helped so much.
How do you and your husband navigate personal funds? Or do you both only spend out of your spending account? That’s the confusing part for my husband and I.
We both do spend out of the account, we will check in with the account and each other on a daily basis and talk about our spending (especially if something random comes up that wasn't in the budget)
Hey Alaina, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel
I always set an amazing budget prior to getting paid however when payday comes, it becomes a suggestion. I have to tighten up my routine. Thanks
Same.😢
We just need discipline!
This used to happen with me often, try to implement daily check-in. It will help you to stick to your budget.
This is the struggle. Fix it Jesus!!!!
I routinely save 10% of my paycheck every pay period.
I will upgrade my routine using your as a guide
Great video! My husband does our budget. He’s very good at it as he’s a former banker. Blessings.
I love this. In an effort to get my life 🤣, I have my employer split my paycheck for me. I split my paycheck three ways: spending, bills, and sinking fund. Eventually, I will add a 3-6 month savings account.
Thanks to you, I do have a payday routine! I still make some adjustments each time, but it gives me good structure. I do need to get back to routinely putting money in my emergency fund again.
This is already what I’ve been doing since last quarter of last year and I’m so relieved and proud that it’s the same process with you too! It’s like a confirmation for me that what I’m doing is right and I just need to be consistent with this routine. Thank you for this confirmation ❤🙏🏼 more power to your channel!
Yes, I have a routine, and it is getting better. I move any funds left in my spending account to my HYSA (short-term). I get excited about not spending everything I allocate for groceries, household needs, and fuel. As the weather is warming up, I am looking for FREE entertainment - concerts, outdoor movies, etc...
Why HYSA would you recommend?
@@barbieamica2023 After doing a lot of research, which is where I suggest anyone start, I narrowed my choice to Bask Bank.
@@barbieamica2023 Many suggest SoFi, Ally, or Marcus, but I found others offering a higher APY after researching. Start by doing your research and what fits with your comfort zone. Ensure the bank is FDIC insured, the fees and minimum balances, and it is easy to connect with someone by phone, email, or in person. I found Bask Bank is a division of Texas Capital Bank with a current APY of 5.10% (March 1, 2024).
Love it
Good Moring, this is great stuff. Once you start doing it, it become automatic and you don't miss that money your putting away.
This is very helpful. I was wanting to know how do you and your partner keep track of the variable account spending so that no one goes over budget? Do yall have a app that you use to know much moneyis accountable for each category?
I do not have a payday routine but definitely need one! Will be starting this asap!!
Hey, I'm new here. Finally found someone with many bank accounts like me😅. I dabble between cash and account budgeting. I got three different bank accounts and a few cash binders.
That actual coloumn is going to come in handy. I have a stable routine and so far it's going well. I just haven't been doing a budget review as some times the actual expense is different from the budgeted. I'm definitely going to have to start doing that.
Hi! I am a new subscriber. Your video was awesome and I look forward to viewing many more and learning. Can you please tell me what planner you are using in your video? Appreciate you sharing in advance🙏🏽🦋🌹
Thank you great ideas
Awesome information!
Thanks you 🙏Question: what shelves are you using for your books 📚 on your wall ?
Hey! They are floating shelves. I purchased them on Amazon. :)
Amazing! thank you!
After watching this, I don't think I have a sold payday routine. I'm good at writing my bills down and things coming up financially on my calendar monthly. But there's no organization. I need to get your TOM planner 😭
Prior to covid and inflation we were pretty good with budgeting and staying within budget. Now every week it seems like groceries and gas are going further up and I can’t get a handle on it
How could I get one of these books I’m in Sydney Australia
❤
i set my 22 year old with adhd, weekly budget. pay me my $300 month for rent, ROTH IRA, car insurance, phone, new car fund, emergency savings, eating out and entertainment. after that he pays his community college tuition and then has freefall.
What if I get paid 1a month
You can do this exact same setup. Here is a video to help: th-cam.com/video/sCg4zsRw1uU/w-d-xo.htmlsi=346dML7Eoc1eLec4
I have a pay day routine, but my problem is that there are always extra expenses and unexpected emergencies that just keep draining my money. I save an emergency/buffer fund only to see it go away within a couple months.
Try to add a buffer in your budget. I will try and add a line for miscellaneous expenses. Usually its around $40 - $50 per paycheck
I did a no spend January and had over $800 extra saved, then had a water pipe break at the house ($600) and then a breaker box issue ($400), then my cat lacerated his leg on a fence outside ($1000). lol. That is the story of my life. Two steps forward, one step back. But, I’m going to keep trying to low spend/no spend going forward because it was amazing how quickly it accumulated once I paid attention! ❤
@@jengreen79 Whew!!! Oh yes. this has happened to us as well! Keep trying. We had that happen 3 months in a row, but the 4th month we saved and we were able to keep the money in the savings account for 5 months after. Keep trying! It will work out...
@@jengreen79
A humble suggestion, but set aside home maintenane and vet care sinking funds. We know home stuff breaks or gets broken and we know animals get sick or injured. This way even if we unexpectedly get a wild charge (like needing a new roof or cat gets diabetes) you'll at least have a down payment.
@@sarahk2722 yes, instead of specific sinking funds, I generally save all my extra money into a single savings account, but I’ve had to dip into savings a lot for various things coming up. I’ve finally been more diligent with saving more and this last time at least I didn’t have to take on debt like some of the past times. I’ve been keeping motivated by watching these videos and it’s helped so much.
How do you and your husband navigate personal funds? Or do you both only spend out of your spending account? That’s the confusing part for my husband and I.
We both do spend out of the account, we will check in with the account and each other on a daily basis and talk about our spending (especially if something random comes up that wasn't in the budget)
First!!!! ❤
Is this for just your money, or is this combined income with your husband?
Combined income
Hey Alaina, I just watched your video and I must say that it was really informative and well-made.
I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel