I hope this video reaches out to everyone needing help understanding the cash system and budgeting. I have been doing this for two years and it has saved my financial life and if I’m being honest it has helped my marriage! Loved this video! ❤
@@corrieshaffer4172 Oh my gosh, that is so kind of you and truly means so much! My goal is to help inspire and motivate others on their personal finance journey because I truly believe it can change lives… but I know sometimes it can feel overwhelming to start. So I just hope I can break it down for people so they have confidence to start. That’s so incredible that you’ve stuck with it for 2 years and that it’s had such a positive impact… congratulations!! 🖤
I don't know if I'll ever be comfortable cash stuffing (the thought of having that much money on hand makes me super nervous) but I do love that you explained about using a credit card when needed and repaying that bill through the cash by moving it over to the spent section so everything evens out. I've never seen anyone even present that as an option before I think it's incredibly clever!
@@wryterzblock I totally get that! If you are interested in the method but don’t want to carry around cash, you could always just set up everything (even variable expenses) as binders that stay at home and then use cards for the day-to-day so that’s all you need to carry. The system is actually pretty flexible. Thanks for watching and for the super kind words! 🖤
I’ve been watching cash stuffing/budgeting videos for years and am going to start creating my own soon (when I’m finally comfortable enough to do so!) This video was so informative and easy to understand. You even answered some things that have been confusing me in my own journey! New subscriber here 😊
That is so kind of you, thank you so much! You totally should start doing videos! I have been cash stuffing for a while but just started being consistent with videos a couple months ago. I’ve found that it not only helps me be consistent and stay motivated, but it also feels so nice to have the support of a community. 🖤
I’m excited to start I just need to get my plan together and learn how to edit videos lol plus I’m super self conscious about my voice- i always sound uninterested and mean lol
What a great video going into detail about everything! I have watched so many videos for beginners and this is by far the best one! Keep up the good work and good luck!
I have a quick question. If I would like to start saving for the “one month ahead”, should I I be putting any extra money that is left from the week in that, or should I be putting a percentage of our paychecks to that? I hope that makes sense.
Hey Melissa! It’s a great question and totally makes sense. You can do either one. If the need to be one month ahead is more urgent (for example, if you are in a paycheck to paycheck cycle) then I’d recommend you treat it as a priority sinking fund, with a total sinking fund goal equal to one month of your spend/obligations, and I’d plan for it within your monthly goals and paycheck breakdowns, and put as much as you can towards it. If it is more of a “nice to have” goal (meaning you already have a buffer or emergency fund in place), you could do a one month ahead savings challenge. In this case, your savings challenge categories would be your bill and debt payments and then your savings challenge goals would be equal to one month’s cost. With a savings challenge approach, you could just use any leftover cash from your variable expenses. Good luck - you are rocking it! Let me know if you have any other questions! 🖤
How do you catch up on bill's that you are behind on.would love to know how to do this and a simple way to go about this too! Thanks for any information. Thanks Emma that.
Hey Emma! This is a great question. If you have any bills that are behind, I’d try to get as many of them as you can to be put on a payment plan with whatever creditor they are owed to. Many times if you call, you can negotiate a monthly payment on the balance. If money is tight, as them what if the minimum payment you can make on a monthly basis. Then, I would treat those bills as debt categories, and make at least the minimum payment towards them to keep the bill (or payment plan) in good standing. Hope this is helpful! 🖤
May i know ur opinion on how should i budget for life insurance? I’m a student and my life insurance needed to be paid one-time every year so tht’s kinda a large sum. Or should i make it as a sinking fund? Thank you in advance 😭❤️
Really great question and yes you are exactly correct - any bills or expenses that are not monthly should be set up as a sinking fund. Insurance is a perfect example of that and that way you can break up that large sum into smaller contributions. Awesome job getting ahead of that one! 🖤
Hi Susan! Great question! I use leftover variable expenses as the funds for my savings challenges. If I only cash stuffed and unstuffed my variable expenses every two weeks, then I would just fill two weeks of the 52 week challenge at a time. (So envelopes 1 and 2 with my first cycle, envelopes 3 and 4 with my second cycle, etc.)
the fact that you paid to have this video shown is wild. it worked. but im turned off by it. Good luck to you, but i wont be subscribing and noting to not watch you videos. Paying youtube to push your content is inauthentic
Hi Dina! I am super new to TH-cam and noticed this video was getting a lot of positive feedback from people organically, so I am testing a super small budget to try to help the algorithm pick up this video for relevant search terms. It’s all new to me, even the boosting side. So I’m just testing things along the way and learning what I can as a new creator. But if that’s not your cup of tea, I totally get it! Hope you have a good one! 🖤
I hope this video reaches out to everyone needing help understanding the cash system and budgeting. I have been doing this for two years and it has saved my financial life and if I’m being honest it has helped my marriage! Loved this video! ❤
@@corrieshaffer4172 Oh my gosh, that is so kind of you and truly means so much! My goal is to help inspire and motivate others on their personal finance journey because I truly believe it can change lives… but I know sometimes it can feel overwhelming to start. So I just hope I can break it down for people so they have confidence to start. That’s so incredible that you’ve stuck with it for 2 years and that it’s had such a positive impact… congratulations!! 🖤
I don't know if I'll ever be comfortable cash stuffing (the thought of having that much money on hand makes me super nervous) but I do love that you explained about using a credit card when needed and repaying that bill through the cash by moving it over to the spent section so everything evens out. I've never seen anyone even present that as an option before I think it's incredibly clever!
@@wryterzblock I totally get that! If you are interested in the method but don’t want to carry around cash, you could always just set up everything (even variable expenses) as binders that stay at home and then use cards for the day-to-day so that’s all you need to carry. The system is actually pretty flexible. Thanks for watching and for the super kind words! 🖤
I’ve watching budgeting videos for years and your video is really great at explaining budgeting for beginners.
@@utiosorio4201 Thank you so much for these kind words! 🖤
this is the best explanation video for beginners 100%
@@artdebt You are so super kind - thank you!! 🖤
new subscriber here I enjoyed this video. Well explained !!!!!
Thanks for subbing and for the kind words! 🖤
Great video! Very informative and easy to follow. But, holy crap you make a lot of money!!!
This was a great video. Very informative and helpful. Thank you for sharing.
Thank you so much for this kind feedback and for watching! 🖤
I’ve been watching cash stuffing/budgeting videos for years and am going to start creating my own soon (when I’m finally comfortable enough to do so!)
This video was so informative and easy to understand. You even answered some things that have been confusing me in my own journey! New subscriber here 😊
That is so kind of you, thank you so much! You totally should start doing videos! I have been cash stuffing for a while but just started being consistent with videos a couple months ago. I’ve found that it not only helps me be consistent and stay motivated, but it also feels so nice to have the support of a community. 🖤
I’m excited to start I just need to get my plan together and learn how to edit videos lol plus I’m super self conscious about my voice- i always sound uninterested and mean lol
What a great video going into detail about everything! I have watched so many videos for beginners and this is by far the best one! Keep up the good work and good luck!
@@FeoRuby Oh gosh this is so sweet! Thank you so much for watching and commenting! 🖤
So my first envelope needs to be dedicated to cute binders and envelopes! ❤😂
Ha! Budget goodies could definitely be its own category. 😂
New subscriber here and what a great video! 😊
Thank you so much - I’m glad you liked it! And thanks for subbing!! 🖤
Hey, new subbie! ❤ great video I can’t wait to follow along your journey ☺️💕
Thank you so much for being here! 🖤
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🖤🖤
I have a quick question. If I would like to start saving for the “one month ahead”, should I I be putting any extra money that is left from the week in that, or should I be putting a percentage of our paychecks to that? I hope that makes sense.
Hey Melissa! It’s a great question and totally makes sense. You can do either one. If the need to be one month ahead is more urgent (for example, if you are in a paycheck to paycheck cycle) then I’d recommend you treat it as a priority sinking fund, with a total sinking fund goal equal to one month of your spend/obligations, and I’d plan for it within your monthly goals and paycheck breakdowns, and put as much as you can towards it. If it is more of a “nice to have” goal (meaning you already have a buffer or emergency fund in place), you could do a one month ahead savings challenge. In this case, your savings challenge categories would be your bill and debt payments and then your savings challenge goals would be equal to one month’s cost. With a savings challenge approach, you could just use any leftover cash from your variable expenses. Good luck - you are rocking it! Let me know if you have any other questions! 🖤
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Hi where did you get your inserts?
Hi there! Thanks for watching! All the tools I use are from missymoney.com
Hey🎉 new here❤❤❤
Thanks so much for being here! 🖤
New subbie as of today
Thanks so much for subbing! 🖤
what category do you use for say cleaning supplies, TP, etc.
If I pick those up at the grocery store or Target, I’d pull from groceries. If I get it somewhere online I’d probably use shopping. 😊 Good question!
@@MissyMoney thank you ! I have been looking for a paycheck outline I'm excited you are selling those
How do you catch up on bill's that you are behind on.would love to know how to
do this and a simple way to go about this too! Thanks for any information.
Thanks Emma
that.
Hey Emma! This is a great question. If you have any bills that are behind, I’d try to get as many of them as you can to be put on a payment plan with whatever creditor they are owed to. Many times if you call, you can negotiate a monthly payment on the balance. If money is tight, as them what if the minimum payment you can make on a monthly basis. Then, I would treat those bills as debt categories, and make at least the minimum payment towards them to keep the bill (or payment plan) in good standing. Hope this is helpful! 🖤
Wonderful guide to the zero based budget process!
Thank you so much for that and for watching! 🖤
May i know ur opinion on how should i budget for life insurance? I’m a student and my life insurance needed to be paid one-time every year so tht’s kinda a large sum. Or should i make it as a sinking fund? Thank you in advance 😭❤️
Really great question and yes you are exactly correct - any bills or expenses that are not monthly should be set up as a sinking fund. Insurance is a perfect example of that and that way you can break up that large sum into smaller contributions. Awesome job getting ahead of that one! 🖤
How would you do the 52 week challenge is you get paid bi weekly
Please explain
Hi Susan! Great question! I use leftover variable expenses as the funds for my savings challenges. If I only cash stuffed and unstuffed my variable expenses every two weeks, then I would just fill two weeks of the 52 week challenge at a time. (So envelopes 1 and 2 with my first cycle, envelopes 3 and 4 with my second cycle, etc.)
the fact that you paid to have this video shown is wild. it worked. but im turned off by it. Good luck to you, but i wont be subscribing and noting to not watch you videos. Paying youtube to push your content is inauthentic
Hi Dina! I am super new to TH-cam and noticed this video was getting a lot of positive feedback from people organically, so I am testing a super small budget to try to help the algorithm pick up this video for relevant search terms. It’s all new to me, even the boosting side. So I’m just testing things along the way and learning what I can as a new creator. But if that’s not your cup of tea, I totally get it! Hope you have a good one! 🖤