How To Budget For Lifestyle On Any Income (Part 1)
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- เผยแพร่เมื่อ 30 ก.ค. 2024
- HOW TO BUDGET FOR LIFESTYLE ON ANY INCOME | In this video, I show you how to have a content and satisfying lifestyle, regardless of your income. If you have a little discretionary income after accounting for your wealth goals and your bills, even if your discretionary income is as low as $100, you can manage your money to begin building your desired lifestyle. After your needs are taken care of, happiness is really up to you.
The key to doing this is in realizing that money is a resource, a tool, that is used to fulfill a certain purpose. And what is that purpose? YOU DECIDE!
On a lower income, you might not build that lifestyle as fast due to the limited resources. But it is still possible to this at a slow pace if you focus on trying out one enjoyable activity at a time. Having a lower income will also exercise your mind to get creative and resourceful, to come up with solutions that do not entail money.
✦✦✦TIME STAMPS✦✦✦
01:13 Three Slices Of The Budget Pie
04:15 Step 1 Prioritize Your Life
08:51 Step 2 Answer Why, Then Find Activities In Your Budget
10:25 Step 2 Example 1 Activities For Traveling
14:19 Step 2 Example 2 Activities Freedom of Expression
19:45 Final Thoughts
✦✦✦LINKS✦✦✦
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Great advice. Most important thing to me is food & shelter....
you are an amazing young woman; don't listen to anyone and just follow your dreams and inspiration.
Probably the best lifestyle budgeting video on youtube! You are extremely smart and your frugality is very charming! I loved hearing about your frugal travelling! Your philosophy about life is very inspiring to others also!
Thanks. :)
Travel, financial freedom and experiencing different cultures!
My furniture is second hand and purchased on sale. Watching simple upholstery videos helped me to redo the furniture for very cheap and to my style.
What is most important to you?
Such a fantastic outlook. Thank you so much for the inspiration !!!!! I'm focusing on saving for land & a tiny home to retire ...
My Sister from another mother (right along my other relative, Andrew Yang haha)! ANNIE! THANK YOU for tackling this topic that I suggested. It is a broad topic but your video has shared some great tips and inspirations from your life. I was cracking up when you told us about your soaking scarf (thought it was an ascot at first lol) and making peanut butter jelly sandwiches when you travel (so ASIAN XD). Keep up the great work and I look forward to your part 2!
haha glad you liked it! it was for you after all brother from another mother
I need to start saving for a used car so I can ditch the car payment. My car is $350 to lease per month. That's a lot. My insurance is high too at $350 per month. I could do so much more with that money. Also, I need to stop spending $150 a week on food. My grocery bill has to also come down. Thank you for these videos. I'm not that far from retirement and have very little saved. Single mom in NYC...It's expensive, but I have to stop wasting money.
Your auto insurance is $350 per month? Maybe it is time to comparison shop and re-evaluate your coverage. As soon as you get that used car and stop leasing, maybe you can drop comprehensive.
Damn I know you broke
Annie you're great, just such a gem. Thank you.
Great video Annie! Can't wait for part 2.
Loved this video Annie!! I also love to travel, and have done the sandwiches in a baggie thing when we went to Switzerland, along with pasta in a Ziploc, ha! Funnily enough those are some of my fondest memories. I love trying out local food abroad, and creating a meal from local products at the grocery store rather than going to a restaurant can be just as satisfying and fun if not more "authentic". Breadsticks and genovese salami in italy, supermarket rotisserie chicken and 2 euro wines in France, for example! Can't wait for part 2!
Your experiences sound so fun! Haha never thought of the pasta in a ziploc idea. That's a new one!
I love this, you're so right. It's wild to hear from someone who's naturally interested in personal finance like I am. A lot of the other personal finance youtubers tend to have this end goal in mind and don't really appreciate the freedom aspect of it. Also your idealism is really what makes it for me. So many of my family and friends have such a negative outlook on money, it's disheartening when all you can think about is how awesome it is when you consider all your options and appreciate everything you have and they're not on the same page as you.
Hey Angela, I make personal finance videos but I actually don't watch other personal finance youtubers. Can you give me some examples of end goals they tend to have so I understand what you mean?
Good advice on cheap traveling! I'm gonna try it for my upcoming trip lol
I absolutely love your videos. Such wisdom.
My goal this year has been zero waste. My food budget is only 25$ a week. I don’t waste food, I will turn leftovers into something else. What I haven’t eaten, if anything, will go to my chickens or my compost pile. I eat well on 25$ a week.
My sister and I exchange clothes. She works in a second hand store. I can easily purchase 3 pairs of good jeans and 5 shirts for $25! The clothes are nice and in new shape.
Great content as always, keep up the good work!
thanks!
I am studying English as second language and money. Came across your video since noticed that is efficient to lean about money through English. I like your talking, feel energy👍️Hope your channel earn more subscribers!
a clever budgeting method i devised was divide your monthly income by 4 weeks then divide the 7 days by it as well n there u go each day is the alloted income given for each day
Can you use diametrically different colors for your pie chart? These are all 1 color scheme. I have bad eyes and this was terrible to differentiate.
Oh I'm sorry. I'm trying to slowly brand my channel by consistently using the same colors, but I haven't considered that some people have bad eyes. I will do that in the future.
Oh girl, I'm in Boston too and I would be dead without my AC right now.
OMG right now is freaking hot! a heat wave!!!! lol I dealt with it by going out with friends. ;D
Really great video and perspective. Especially loved what you said @7:25 - 8:50.
I like that your philosophy isn't necessarily save more & spend less, but more so being mindful and intentional about what we spend our money on and what will bring us true joy rather than temporary satisfaction.
I liked the first example you shared and enforcing the idea that we should be exploring what truly makes us happy and why. Which then of course allows us to be more intentional with how we spend.
All around great video. I love this way of looking at money and definitely altered my perspective positively. Looking forward to the next part. :)
I'm so happy this had a positive influence on how you view money :D
You are talking my language. I love your way of looking at life and finances.
Thanks for sharing your philosophy. Knowing what is important to yourself and being aware of always abiding to your principles is what will deliver results.
Thank you so much Annie, great advice on saving money. 🙂
important things to me - Helping my family, financial freedom and my mental health ❤️
love it!
Simple Thanks
Pb&j is my go to lunch lol
The assistant manager at our grocery saved specific boxes for me, as long as I came for them right at opening time on delivery bday. The wine boxes were great for glassware and utensils.
Great video! Thank you :) Fine art in my life was like music for you where adults said you couldn't do it. I am idealistic too and my paintings reflect this perspective. I want other artists to know it is possible to make a living around visual arts skills and to gather artists from around the world who are encouraging and supporting each other to have a life of expression through visual art.
Great Videos!
Girl You know what, when you want something you have figure out a way to accomplish it even when people would tell you, you couldn't do it.! This message is what everyone has to get out of this video. I have very much respect for you! 😊
We love you from Anaheim California 😊💕💞💟👍
Amen! Everyone can accomplish anything they set their mind to doing, even if it takes a long time.
🤧📈✨
What a special young lady, I'm so glad I found your channel thank you! You're awesome :D
Hope you get well soon looking forward to your new content🌸🐣
great video! subscribed!
Loving your videos !
I love you spirit so much I had to laugh when you said ”2-3x higher” 😂🤣
Haha good :D always trying to make people laugh. Money can be a dry and boring subject.
@@AnnieMargaritaYang so trueee XDD
going to the park is alleviating and great for a free recreational space to cut expenses
You are amazing! Keep the videos coming!! So smart
Trying to increase my standards and production quality with each video and it takes so much time, so the most I can post is once a month or every three weeks if I push it. Hope you enjoy the ones I do post though!
Great video ✅😎
thanks!
I luv voices bout a lifestyle affordable to any1☝️
Investing on yourself is the best investment you can ever make! The most important thing to me is my health, traveling and spending quality time with my family!
Great video.
Love this video!
I have some of those cooling towels. I seen on a paper they had with it they also sale hats and headbands too that u can wet n wear. I thought the head band seemed pretty cool. You should look it up online you would probably like the headband and it was actually cute to wear.
Thank you for the Encouragement and information. God bless you 😁
Amazing advice! It's a shame most people I know spend money mindlessly without thinking about cutting back on their expenses.
in my opinion have purpose n sets the tone for everything:)
I loved your video Annie! I'm in NYC and was wondering how you found early bird specials for dance classes? I miss dancing/exercising with others my age
I googled every dance studio local to my area and went on each website to see the prices. I went to Sugar Dance Studio but looks like it's closed down now.
I love your videos. In this video you reminded me about on of my favorite books: The Richest Man in Babylon. Thank you so much.
Ur awesome..... ur very encouraging
I really like your videos so much. They are super helpful and informative. I just purchased your money saving book.and cant wait to read it .
Thanks so much for your support and for buying the book. :) All the money goes toward better equipment and higher quality content on this channel.
Just discovered your channel! Do you have any videos for budgeting for college graduates with student loan debt and learning basic financing skills?
No sorry, I'm trying to make more content on advanced topics. Lots of TH-camrs already have videos on student loan debt and basic finance skills.
How did you get a domain name for $100 a year???
I used domain.com (approx $10/year) for the domain and BlueHost for the unlimited hosting before. Their customer service was bad so I switched.
I still use domain.com for the name, but InMotion Hosting for the hosting plan that includes 2 domains. I share that with my friend and my split is only $50 so I actually cut my costs down to $60.
Annie Margarita Yang ohhh. I use blue host and they charge me $10 a month so that’s about $120 a year
I’ve never heard of inmotion hosting. Thanks!
@@pawsnotclaws2772 When it comes to these kind of services, I think at most companies you get discount for paying annually rather than monthly.
I like your video and I also subscribe I have a question I want to know what type of phone you have is it a flip phone or a touchscreen?
Hi Tyreese, I use an iPhone SE. Got it in Dec 2016.
Annie Margarita Yang To be honest all I need is gpa that’s all would a iPhone se be good for that because I need a cheaper bill I pay $50 a month for unlimited data metro pcs and I really don’t need it data just need gpa
I have iPhone 7
@@tyreesemorrison6974 You wrote gpa, but was that a typo? Did you mean to say GPS? Any smartphone can be used for GPS if it has enough data. Ok, so you have unlimited data with MetroPCS. Do you really need unlimited data for the GPS though? If I were in your shoes, I'd get a designated Garmin GPS device for my car and switch from MetroPCS to a cheaper provider or get a group of people to create a family plan. My SO is on a family plan from Metro and his portion is only $25 for unlimited everything. See my video on how to lower your cell phone bill for more details.
Annie Margarita Yang yes it was a typo but I’m moving to a different state and I need gps just to know around but you right I don’t need unlimited data
Hi Annie Im enjoying the videos on budgeting, would you be interested in doing a sponsored video?
Hi Thegreencabby, it depends on what the sponsorship is for. I am a bit picky because it has to go with my message. Please email hello@anniemargaritayang.com
@@AnnieMargaritaYang sending info now😀
It's there I look forward to hearing back from you !👍
watching your video,making me only spend mine salary from 60%-35%.you outlook for this video is gorgeous.do u put up lipstick?
Wow you dropped your expenses from 60% to 35%? And nope no lipstick in this video. I wore lipstick in the previous videos but in the end I figured Vaseline lip balm on my natural color looked the best.
the natural lip color suit u.ya i did frugality now.can you make video about idea to income increase or part time job online or offline.thank Annie,love ur video
@@tanchinkoon Yes, I'll put it in my list
Can how you learned english and what was your first job in usa
Love your videos! So informative
Going to 6 flags hurricane harbor n paying 50 dollars for tat Waterpark definitely will make me wonderful on a budget
Summertime fun😎
Getting tang vitamin c orange 🍊 juice drink can be cheap and healthy for a healthy lifestyle
maybe love yourself emotionally and it defines everything:)
Your way of thinking very different, special, amazing. Make more videos.
Help people who are financially struggling .
I think most of the people emotionally struggling about money. You explain brilliantly how to handle money, not money handling life of a person . Take my love.
Going to a river bank or nature is a free destressing way of your expression
Food
Hey
The most important thing for me is my God and people around me. One reason why God is important for me is because He is my Creator. He said, “Love the Lord your God with all your heart, with all your soul, and with all your mind.” Also, if you love people around you, this proves that God’s Spirit is in you. “By this everyone will know that you are My disciples, if you love one another.” Based on both of these Scriptures, I live a happy and satisfying lifestyle.
I love this :)
another way is to cope in cheaper ways with stress and anxiety
I've seen you act in your videos. I think you could be. Who am I kidding? I think you could be anything you want.
Annie I’m super proud of you buddy
Do check out www.jumpcut.com
Thanks Nathan, I'll check it out
A good a good a good a good used well life within your means will bring for happy sleep n happy death.
Social security wont be around when your 67...lol... Better start preparing to retire now...
haha when I'm 67, they're going to change the new full benefits age to 80
Visit me in Hong Kong !
You can save more money without traveling to know someone else's insight there's millions of people in one place duh give me that traveling money and I'll drive you around one state
You should tie your hair up at least it'll help you cool off.
You're right
maybe love yourself emotionally and it defines everything:)