I think you goal of helping teens learning to manage money is amazing! I am only 16 years old but have enough saved up for my baby emergency fund, to pay for college, and to buy a used car when I start college. Videos like these really helped me to learn the basics of budgeting and encourage me through saving. Thank you for helping other teens and young adults!
I'm only 17 and I want to start saving my money that I work for now, whilst I don't have much to pay out for and and while I don't have to pay taxes. I earn around £330 a month MINIMUM ( although I am paid weekly) anything else I earn, I put into savings immediately and pretend I never earned it. I pay out £35 a month on bills (for me that's a gym membership, xbox membership and phone credit). I give myself around £25 a week for food from college and work (most of my food is already available at home) and then no matter what, I put £100 a month from that minimum into savings. Anything that I have left over I only use in emergencies such as travel, if I need new clothes or a charger etc. Any spare money that's not included in the food, bills and £100 dedicated savings just goes into the savings. It all adds up and I'm lucky I don't have much to pay for.
Don’t save money in cash... super bad idea. Put it in a high interest savings account and make your money work for you as the value of your dollar depreciates over time so you can keep up with it.
Definitely agreed with you! Plus that way its immediately in my savings and I act like it’s money I never had, if I had cash just laying around I’d be way more tempted to use it but that just my personal experience.
how i budget: 1. Write a list of all your expenses and how much they cost you per month (look at past bank history and average amounts together for accurate estimate of expenses), also include a spot in your expenses list for your ‘savings account’ 2. Evaluate this expenses list and see how you can reduce these expenses to the smallest amount possible (comfortably) and implement these new actions in your daily life (examples: car insurance app to lower $ paying per month, cash back on gas/groceries/shopping, start thrifting/buying used, using less electricity & water, start walking/biking to places more, work to lower bad habits such as smoking, nail and hair appointments, shopping, etc.) 3. Write a list below your expenses list of all of your sources of income and how much you make from them per month and see how this list can be maximized (examples: side hustles such as google surveys, food delivery, donating plasma, etc.) 4. Make a final list below the sources of income list of items that you would like to save up for and how much each item costs (examples: new car, new house, college debt, baby, new pet, new phone, etc.) 5. Put tiny arrows next to all expenses and match up income to expense, item by item, writing what income can cover what expense, keep savings account blank open 6. Evaluate what money is left over when all expenses have been covered by a source of income and write that number in the blank for ‘savings account’ and write, next to arrow, what parts of which income(s) the extra money is coming from (should have at least $1,000 saved at all times in case of emergency, and should make enough income per month to pay for double the rent- if your rent is $500/month, should be making $1,000+/month) 7. Lastly, compare what you can save for your savings account per month to what you would like to spend that $ on in the future and see if you are hitting your goals and how long it will take you to achieve them -hopefully this helps someone, I’m just really passionate about budgeting so I thought I’d share lol-
I love the idea of a budget/financial brain dump. I’m working to pay off debt so I take income - fixed/variable expenses - debt to figure out my debt snowball. I can’t wait until the day I can focus on savings first and figure out how to live off the remainder. 💜
I love how you keep it simple!Explaining every step helps me to plan my budget!Im struggling with budgeting!I always start it but do not finish which is such a downer for me!Thanks again!☺️
I’m just saying most people’s rent is over the 500 dollar mark much less electric phone and so but maybe you were just kind of making numbers that aren’t actual
s a u u c e d • s u u b l i m i n a l s no I’m in full time education - 6th form doing my ALevels and going to uni next year. I work two jobs alongside college, I work a lot of extra hours and I’m extremely careful with my money xx
Molly Brown Oh, my bad. I thought that was apprenticeship wage, I was gonna say to look for a school leavers programme as they pay more, but seems like you’ve got a good plan so keep it up as your hard work will definitely pay off! I work two jobs as well, but I’ve only been saving up 2 weeks because I haven’t been the most responsible with money in the past, but I’m learning now. I had plans to go to uni, but there’s so many things I wanna be at once, as well as have my own fashion business, although fashion is just my hobby. I’ve decided to work and save up towards my business whilst also thinking about what I actually want to do for a career and then eventually I can do both or see which direction life takes me in🤷🏽♀️
I enjoyed the video and it’s helpful! Not sure why you kept covering stuff even though you already showed it? Maybe next time you can go through and cover them with sticky notes and stuff before doing the video. Just ended up being super distracting because I didn’t care about the info, but when it kept getting covered I was like, what was it?
Hi! I'm from Italy and my father has a business.. I'd like to help him build a budget system.. But I don't have idea on how to estimate the taxes category.. And having a business he has a super variable income. Hope you can help me ☺️
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Hi Guys!!! I wanted to share my Budget Planner with you! Want to save an EXTRA $1000 ?! KEEP WATCHING!?
Yes!!!🙏🙌
I think you goal of helping teens learning to manage money is amazing! I am only 16 years old but have enough saved up for my baby emergency fund, to pay for college, and to buy a used car when I start college. Videos like these really helped me to learn the basics of budgeting and encourage me through saving. Thank you for helping other teens and young adults!
I'm only 17 and I want to start saving my money that I work for now, whilst I don't have much to pay out for and and while I don't have to pay taxes.
I earn around £330 a month MINIMUM ( although I am paid weekly) anything else I earn, I put into savings immediately and pretend I never earned it.
I pay out £35 a month on bills (for me that's a gym membership, xbox membership and phone credit).
I give myself around £25 a week for food from college and work (most of my food is already available at home) and then no matter what, I put £100 a month from that minimum into savings.
Anything that I have left over I only use in emergencies such as travel, if I need new clothes or a charger etc. Any spare money that's not included in the food, bills and £100 dedicated savings just goes into the savings. It all adds up and I'm lucky I don't have much to pay for.
Wow that's really great
Don’t save money in cash... super bad idea. Put it in a high interest savings account and make your money work for you as the value of your dollar depreciates over time so you can keep up with it.
I take that cash at the end either use it for something im saving or it goes in a high yield account :)
Definitely agreed with you! Plus that way its immediately in my savings and I act like it’s money I never had, if I had cash just laying around I’d be way more tempted to use it but that just my personal experience.
Any recommendations on savings account.
how i budget:
1. Write a list of all your expenses and how much they cost you per month (look at past bank history and average amounts together for accurate estimate of expenses), also include a spot in your expenses list for your ‘savings account’
2. Evaluate this expenses list and see how you can reduce these expenses to the smallest amount possible (comfortably) and implement these new actions in your daily life (examples: car insurance app to lower $ paying per month, cash back on gas/groceries/shopping, start thrifting/buying used, using less electricity & water, start walking/biking to places more, work to lower bad habits such as smoking, nail and hair appointments, shopping, etc.)
3. Write a list below your expenses list of all of your sources of income and how much you make from them per month and see how this list can be maximized (examples: side hustles such as google surveys, food delivery, donating plasma, etc.)
4. Make a final list below the sources of income list of items that you would like to save up for and how much each item costs (examples: new car, new house, college debt, baby, new pet, new phone, etc.)
5. Put tiny arrows next to all expenses and match up income to expense, item by item, writing what income can cover what expense, keep savings account blank open
6. Evaluate what money is left over when all expenses have been covered by a source of income and write that number in the blank for ‘savings account’ and write, next to arrow, what parts of which income(s) the extra money is coming from (should have at least $1,000 saved at all times in case of emergency, and should make enough income per month to pay for double the rent- if your rent is $500/month, should be making $1,000+/month)
7. Lastly, compare what you can save for your savings account per month to what you would like to spend that $ on in the future and see if you are hitting your goals and how long it will take you to achieve them
-hopefully this helps someone, I’m just really passionate about budgeting so I thought I’d share lol-
I love the idea of a budget/financial brain dump. I’m working to pay off debt so I take income - fixed/variable expenses - debt to figure out my debt snowball. I can’t wait until the day I can focus on savings first and figure out how to live off the remainder. 💜
I love how you keep it simple!Explaining every step helps me to plan my budget!Im struggling with budgeting!I always start it but do not finish which is such a downer for me!Thanks again!☺️
Hi Katina! I am so glad you found my video helpful! I have a few new budgeting videos coming out this summer! Stay tuned!
😂😂 who else wishes they only had 500 a month fixed bills? Wow
sadly its more then doubled since then lol
Haley Cairo you must live with your pArents 😂
I’m just saying most people’s rent is over the 500 dollar mark much less electric phone and so but maybe you were just kind of making numbers that aren’t actual
@@mamiconrazon LOL no I don't
@@mamiconrazon Yes I don't share my actual expenses for privacy
Yes please: video on business budgeting, and taxes!
Thank you for the feedback! I will definitely do a video on that!
Another great video Haley!! It's good to see how others budget. I love to budget too
Thank you Sondie! It is super helpful! I love watching these kinds of videos as well!
Yes to all budgeting videos !
I’m 17, make £4.35 an hour with a part time job and have saved £2,600 in a year
Molly Brown that’s amazing! Well done xx
Millie White are you doing an apprenticeship?
Sophie Louise thank you so much!
s a u u c e d • s u u b l i m i n a l s no I’m in full time education - 6th form doing my ALevels and going to uni next year. I work two jobs alongside college, I work a lot of extra hours and I’m extremely careful with my money xx
Molly Brown Oh, my bad. I thought that was apprenticeship wage, I was gonna say to look for a school leavers programme as they pay more, but seems like you’ve got a good plan so keep it up as your hard work will definitely pay off!
I work two jobs as well, but I’ve only been saving up 2 weeks because I haven’t been the most responsible with money in the past, but I’m learning now. I had plans to go to uni, but there’s so many things I wanna be at once, as well as have my own fashion business, although fashion is just my hobby. I’ve decided to work and save up towards my business whilst also thinking about what I actually want to do for a career and then eventually I can do both or see which direction life takes me in🤷🏽♀️
Hello can you post the link for the envelope
Hi, where did you buy your calendar ?
I enjoyed the video and it’s helpful! Not sure why you kept covering stuff even though you already showed it? Maybe next time you can go through and cover them with sticky notes and stuff before doing the video. Just ended up being super distracting because I didn’t care about the info, but when it kept getting covered I was like, what was it?
Great video! I love that book, where can i get one?
Love this! I'm obsessed with budgeting and it's especially easy when you write things down!
So glad you liked it!
Hi! I'm from Italy and my father has a business.. I'd like to help him build a budget system.. But I don't have idea on how to estimate the taxes category.. And having a business he has a super variable income. Hope you can help me ☺️
Damn my broke ass needed this
CeeToCee hahaha Best comment of the day!
this looks so nice!
Study With Additti Thank you girl!
Business Vid please!!!
I really liked this video can you do one on taxes
Dominique Harris Absolutely! So glad you like the video Dominique!
My kids loved -and danced to- the intro music 🤣
haha thats awesome!
When your monthly income is $700 and all of it goes to bills. :'(
What you need is Money Cat Budget Planner on TH-cam Make a comment and I will reply
Amazing video !
Michelle Chen Thank you so much Michelle!
How’s your cattt?
She is great thank you!
This was so informative! Just FYI, your address is shown!
Emily Hall thank you SO MUCH for letting me know!
Emily Hall do you know where!?