Fixed expenses, grocery & household spending, quarterly bills, yearly bills. Maintain Savings and emergency funds. Retirement funds. No credit card debt, pay off your cards in full if using them. This is just the simple plan we use.
Yes, I plan. Spent a few minutes every day. I've already booked and paid $800 towards a vacation in April 2024. And I know what vacation I want to take in 2025.
At work; we were short staffed so I worked 6 days a week, I had no trouble getting by with what I was bringing home, but once we were fully staffed I lost the 8 hrs of overtime. Now I can’t buy groceries without putting myself in the hole. I have cut spending every where to squeeze $80 out for groceries and I still end up in the hole. I start a new part time job in two weeks where I will work 6 to 8 hours hopefully it will help.
You are making moves to get where you need to be. Keep it up. It will all work out, and the determination will be worth it. I know you can do it. Hugs 🤗
Set my budget based on expenses. Make sure income more than budget. Everything above the baseline into savings and sinking funds. Raisex just mean I save more.
This is so true, i'm almost 61 and lived almost my hole adult life in debt. I'n our family it was "normal" The last few years where debtfree and working hard to stay debtfree and having a healty financiël safetynet so we can helpout someone in need without falling back into debt. Wish we saw "the light"😂 earlier in life, it would have safed us a lot off sleepless nights😉
A few years ago, I did quite a few off the books money - babysitting, accounting & organizing. I did my travel tea parties. I even moved in with a family and paid for my housing by babysitting and cooking. It also helped me pay my debts and helped me save.
Lost my mom, but family is here. Family is so important. ❤️ Thank you for all you do. I really appreciate your research and all you do to put for your videos. I listen to them always. Love you. Stacie
Possible way to get a second income is if you commute into a city, sign up with Uber/Lyft and pick up people headed in your direction to cut commute/parking costs. Or if you live near a Amazon hub sign up to drop off a few packages that are on your way home. Hope this helps someone.
Why oh why do we think we deserve something? Do we really deserve something? What did we do to cause us to deserve something over someone else? This drives me crazy, thank you for mentioning it.❤
Oh my Lord! This is the best motivational video I have listened too since I started wanting to be in control of my money! I am so in debt, and I have done every mistake you talked about and it just hit home and it really opened up my eyes and my mind! Thank you for the best video ever!
I would always welcome more information on how to budget; specifically if we aren't in debt (other than our mortgage), and we pay off our CC's every month, but we don't save anything. So many videos talk about being in debt, but no one addresses this type of situation when you aren't really in debt, but you aren't saving either. Just evening out. Thanks!
You just have to make a decision to save. Period! It seems just that simple but it actually is. We make money way more complicated than it is. Just like you decided to get out of debt 💸 and did it Just do it when it comes to saving. By the way, once you are debt free you should have more money to save. If you don’t you’re doing something wrong. Maybe overspending in an area that you aren’t considering. Don’t put you finances on auto pilot. You be the pilot that directs the plane. It’s my opinion but I hope that helps.
Believe it or not using those credit cards doesn’t help. Paying them off monthly isn’t the best thing, not using is best. Trust me, you are spending more money using credit.
I don't spent much on holiday gifts since I'm moved to Texas from California most if my friends are in CA. I already have little meaningful gifts for my friends.
I remember when I was in my thirtys and married raining a daughter and just having so much debit that I had to claim bankruptcy it was so upsetting I lost my credit and my dignity my husband's not much of help at that time.But today years later my credit it 800 no debit I own my home work and today I can say I did it alone yes it was not ez but I work a full time overtime and part time job as well and just stuck to it..😊
Hi!! You were actually talking about me when you mention point number 10!!! I want it sooo much but i have afew coffee in the fancy shop and then get food out and think i will start next month 😮...this cant go on I dont wsnt to me 'stuck' like this anymore!!! Time to get organised 🎉
I've been doing the money envelopes since 2020....which helped alot. I write on the envelope what it's for and how much goes in weekly. Life style creep can still be an issue....I have started an ebay store to get rid of extra stuff and have sold a few things. Also went back to eating more potatoes and eggs, than meat based things. If I see flat bread pizzas on sale that are about to go bad, I buy them all and freeze them. Then take them out 1 at a time, which will cover 2 meals because I cut them in half and cook them in a toaster oven. My debt went way down since 2020. Now I have a house payment because I had a tiny house built so my debt literally looks the same as it was precovid. But instead of owing $74,000 in CC debt, I owe maybe $32,000 in CCs, and $33,000 on my tiny house. So my debt load is better and half as much on the revolving side as it was in 2020. No car payment. I am paying a disaster loan back my business got after the shutdown, which I wouldn't take out if I had it to do over. But in 2020, I had to take it to prevent bankruptcy. That disaster loan literally does feel like I'm robbing my future self. But it has allowed me to right alot of things that were tipsy 3 yrs ago.
Sometimes life just deals you some rotten eggs. 🤷 You cannot control if before your first check at the fancy great job sees your child in 2 emergency rooms and a week in the hospital followed by hundreds of extra dollars spent monthly to keep them alive.... Money that could have been a change but it's not now. and there are a million other scenarios.
Yeah and what about those who are under employed for their expenses. I used to live with 3 other and between the 3 of them I was the only one that "made enough."
I’m glad you mentioned the flea story. It makes a lot of sense to me. We are limiting ourselves. We don’t think we can save much money when in fact we are able to. We just don’t believe that we can do it!
It was a beautiful morning listening to your video as I did my chores around the house. It really affirms to me that I am heading in the right direction. You are definitely part of my tribe.
Hi Amy, thank you so much! For about 5 years I have been using the same two items. I use Neutrogena Oil Free Acne Wash and Cerave Skin Renewing Night Cream. It wasn't until I simplified my routine that my skin cleared up. I also drink a lot of water.
I also have to use oil free products. I like Image products and have been so good with my fave routine - morning and night. I do, however have large pores genetically. You have beautiful skin, it glows. It’s great that you’ve found a nice simple routine that works for you. Thank you for sharing and answering. Great video also 🤗
My “excuse” is because I’m stuck at a dead end job and need a better paying job. I’ve worked for this same call center for going on 6 years since late 2018 and I only make $11.50 per hour and get paid every 2 weeks and now they’ve cut my hours down to 21 hours per week. Who can live on that income?
Yes, please do one about organizing that would be great. You keep not notifying on your new ones on my UA-cam for some reason. I just love listening to you and your advice. It’s so good thank you.
Living paycheck to paycheck is most commonly learned from growing up in a paycheck to paycheck family. A great many people think their budget is stretched to the bone without any room - until maybe they find someone with less money only spending $1 to $2 a day total on their food. Spending $10 on one fast food meal may seem bare bones - but for some that is their total spent for a week on food. Jennifer speaks the truth. Make the changes you need to gain control over your money. I have a tip that might help people: be diligent on returning things to the store for a refund. A lot of people don't return the things they didn't use or don't need, or that were simply bad items. If I buy a package of maple bacon jerky on a whim and hate the flavor, I will return it. If I buy several pieces of wood at a home center and do not use all of it, I will return the unused pieces. All those small refunds can quickly become a $100 or more back into my monthly budget. Its better of course to be more careful or intentional in your purchases - but until you learn that skill, do not be shy about returning mistake purchases.
Credit cards are designed to keep poor people poor. The rich people are the ones paying cards off every month. Who is paying 29% and late fees? Who is paying 7% on car loans? Who is paying more because of a low credit score? Wake up people!!! A borrower is a slave to the lender.
Fixed expenses, grocery & household spending, quarterly bills, yearly bills. Maintain Savings and emergency funds. Retirement funds. No credit card debt, pay off your cards in full if using them. This is just the simple plan we use.
❤️
Sounds like there are two of you. So I think it is safe to say if there are two incomes fixed cost should be cheaper.
Simple doesn't always mean easy
First rate presentation. I’m tracking all spending and saving about 800$ a month. It’s fun to be frugal.
Thanks, you are such a genuine person and it gives credability to your very good advice of managing money.
Great job! Let’s making saving and minimal spending normalized!!
Yes!
Yes, I plan. Spent a few minutes every day. I've already booked and paid $800 towards a vacation in April 2024. And I know what vacation I want to take in 2025.
At work; we were short staffed so I worked 6 days a week, I had no trouble getting by with what I was bringing home, but once we were fully staffed I lost the 8 hrs of overtime. Now I can’t buy groceries without putting myself in the hole. I have cut spending every where to squeeze $80 out for groceries and I still end up in the hole.
I start a new part time job in two weeks where I will work 6 to 8 hours hopefully it will help.
You are making moves to get where you need to be. Keep it up. It will all work out, and the determination will be worth it. I know you can do it. Hugs 🤗
I'm cooking lentils & eggplant soup for 2 lunches and rest in the freezer for next week.
I plan my expenses on my memo pad. Spend every morning reviewing and double-check. Check my banking every day like clock work.
Set my budget based on expenses. Make sure income more than budget. Everything above the baseline into savings and sinking funds. Raisex just mean I save more.
Just paid rent today and i hit $0, hoping for extra income this new month.
Video about simplifying life and decluttering please! 😊
🤗
That is why i paid cash for my car. Not having to make a payment every month is terrible.😊😊
Paid my entire vacation cash, start a year ahead budget monthly.
You are great at encouraging and motivating me! Thank you so much! ❤
You are so welcome!
This is so true, i'm almost 61 and lived almost my hole adult life in debt. I'n our family it was "normal" The last few years where debtfree and working hard to stay debtfree and having a healty financiël safetynet so we can helpout someone in need without falling back into debt. Wish we saw "the light"😂 earlier in life, it would have safed us a lot off sleepless nights😉
Try not to regret the past because now you have experience knowing the difference. It feels amazing being debt free! 🤗
@@THEJENNIFERCOOK i don't regret a thing, my first husband dyed 20 years ago...we made some awsam memories with that money😘
A few years ago, I did quite a few off the books money - babysitting, accounting & organizing. I did my travel tea parties. I even moved in with a family and paid for my housing by babysitting and cooking. It also helped me pay my debts and helped me save.
Great job!
What are travel tea parties?
@@angepenniman I do tea parties at your home with English tea sets, scones, sandwich s & pastries
@@gladyschandler6724that is so unique and sounds fun
Problem 9 hit me so hard... I knew the basics... but this was major. Thank you for opening my eyes.
Love you so much Jennifer! By the way, you look beautiful today! I’ve listened to you for years, please keep the videos coming!!!! ❤️❤️❤️
Stacie, you are so sweet! Thank you so much for your kind words 🤗 I hope you and your family are having a wonderful New Year ❤️
Lost my mom, but family is here. Family is so important. ❤️
Thank you for all you do. I really appreciate your research and all you do to put for your videos. I listen to them always. Love you. Stacie
Many thanks ❤
Possible way to get a second income is if you commute into a city, sign up with Uber/Lyft and pick up people headed in your direction to cut commute/parking costs. Or if you live near a Amazon hub sign up to drop off a few packages that are on your way home. Hope this helps someone.
Just found your channel, really enjoying your content.
Thank you so much!
Budgetting is truly essential!
100%
Why oh why do we think we deserve something? Do we really deserve something? What did we do to cause us to deserve something over someone else? This drives me crazy, thank you for mentioning it.❤
Oh my Lord! This is the best motivational video I have listened too since I started wanting to be in control of my money! I am so in debt, and I have done every mistake you talked about and it just hit home and it really opened up my eyes and my mind! Thank you for the best video ever!
Thank you so much! That really means a lot to me 🤗 You've got this! Hang in there and stay focused.
I would always welcome more information on how to budget; specifically if we aren't in debt (other than our mortgage), and we pay off our CC's every month, but we don't save anything. So many videos talk about being in debt, but no one addresses this type of situation when you aren't really in debt, but you aren't saving either. Just evening out. Thanks!
Thank you, Laura! I will work on a video to discuss saving and the next steps.
You just have to make a decision to save. Period! It seems just that simple but it actually is. We make money way more complicated than it is.
Just like you decided to get out of debt 💸 and did it
Just do it when it comes to saving.
By the way, once you are debt free you should have more money to save. If you don’t you’re doing something wrong.
Maybe overspending in an area that you aren’t considering. Don’t put you finances on auto pilot. You be the pilot that directs the plane.
It’s my opinion but I hope that helps.
Believe it or not using those credit cards doesn’t help. Paying them off monthly isn’t the best thing, not using is best. Trust me, you are spending more money using credit.
Your stuff is different than everyone else's! Thank you for putting so much thought into it
I don't spent much on holiday gifts since I'm moved to Texas from California most if my friends are in CA. I already have little meaningful gifts for my friends.
I Love your Videos practical information Thanks Jennifer 👍
You are so welcome! 🤗
Your accent is cute and your videos are comforting! Thank you 🌹 determined to use these tips
Meredith, thank you so much! 🤗
I remember when I was in my thirtys and married raining a daughter and just having so much debit that I had to claim bankruptcy it was so upsetting I lost my credit and my dignity my husband's not much of help at that time.But today years later my credit it 800 no debit I own my home work and today I can say I did it alone yes it was not ez but I work a full time overtime and part time job as well and just stuck to it..😊
Barbara, what amazing determination and work ethic! Thank you for sharing this 🤗
I would love to see how you do your budget. Thanks for your insight.
🤗
The dodge ball example was great! Good suggestions!
Stephanie, thank you so much! I am glad you connected with that analogy 🤗
Hi!! You were actually talking about me when you mention point number 10!!! I want it sooo much but i have afew coffee in the fancy shop and then get food out and think i will start next month 😮...this cant go on I dont wsnt to me 'stuck' like this anymore!!! Time to get organised 🎉
You can do this! Step one is identifying the change you want to make. Now you can put it into action! 🤗
Your voice is so soothing! You’re like the sister I need that tells me to get my sh*t together in a loving way, lol
Aww... thank you so much! 🤗
Thank you❤
You're welcome 😊
Very helpful- Thank you so much Jennifer♥
I've been doing the money envelopes since 2020....which helped alot. I write on the envelope what it's for and how much goes in weekly. Life style creep can still be an issue....I have started an ebay store to get rid of extra stuff and have sold a few things. Also went back to eating more potatoes and eggs, than meat based things. If I see flat bread pizzas on sale that are about to go bad, I buy them all and freeze them. Then take them out 1 at a time, which will cover 2 meals because I cut them in half and cook them in a toaster oven. My debt went way down since 2020. Now I have a house payment because I had a tiny house built so my debt literally looks the same as it was precovid. But instead of owing $74,000 in CC debt, I owe maybe $32,000 in CCs, and $33,000 on my tiny house. So my debt load is better and half as much on the revolving side as it was in 2020. No car payment. I am paying a disaster loan back my business got after the shutdown, which I wouldn't take out if I had it to do over. But in 2020, I had to take it to prevent bankruptcy. That disaster loan literally does feel like I'm robbing my future self. But it has allowed me to right alot of things that were tipsy 3 yrs ago.
Sometimes life just deals you some rotten eggs. 🤷 You cannot control if before your first check at the fancy great job sees your child in 2 emergency rooms and a week in the hospital followed by hundreds of extra dollars spent monthly to keep them alive.... Money that could have been a change but it's not now. and there are a million other scenarios.
Yeah and what about those who are under employed for their expenses. I used to live with 3 other and between the 3 of them I was the only one that "made enough."
Hi Jennifer, have a happy Sunday and a happy week. As usual, I enjoyed your video.
Hi Linda, I hope you are having a great summer! It is really a hot one this year. Stay cool 🤗
Those who fail to plan. Plan to fail.
I’m glad you mentioned the flea story. It makes a lot of sense to me. We are limiting ourselves. We don’t think we can save much money when in fact we are able to. We just don’t believe that we can do it!
Exactly! I am glad the flea story helped 🤗
It was a beautiful morning listening to your video as I did my chores around the house. It really affirms to me that I am heading in the right direction. You are definitely part of my tribe.
May, that makes me smile! Hugs 🤗
I’ve been doing food delivery for almost a year now. 👍🏻👍🏻
I am budgeting for new tires by the end of the year.
You don't have to buy Michelin.
@@totit_t1445 I don't I buy Goodyear
My first time here and I love you already thank u❤
Welcome! Thank you so much for watching the video 🤗
I’m interested in learning more about your organization tips
Thank you Jennifer!
Thank you! I hope you have a wonderful week 🤗
@@THEJENNIFERCOOK You too!
thank you
Great job ❤❤❤😊😊😊
🤗
😊 thank you
Your videos are always helpful
Thank you for the sound advice you are giving on your channel!
You are so welcome! 🤗
EXCELLENT VIDEO ‼️
Diane, thank you so much! 🤗
Wow this was great. Thank you!
🤗
I love that these are all true - helpful but realistic. No unnecessary hyping of saving tips.
Kina, thank you so much! 🤗
This is an exceptional video!
You now have a new subscriber.
Thank you for sharing 👏🏾
Ann, welcome! Thank you so much for watching the video 🤗 Have a wonderful weekend!
please, can you make a video about organising. thanks
Jennifer your skin is amazing. What skin care products do you use and what is your skin care routine like?
Hi Amy, thank you so much! For about 5 years I have been using the same two items. I use Neutrogena Oil Free Acne Wash and Cerave Skin Renewing Night Cream. It wasn't until I simplified my routine that my skin cleared up. I also drink a lot of water.
I also have to use oil free products. I like Image products and have been so good with my fave routine - morning and night. I do, however have large pores genetically. You have beautiful skin, it glows. It’s great that you’ve found a nice simple routine that works for you. Thank you for sharing and answering. Great video also 🤗
* face routine not fave routine 😊
Very good advice!
Tammy, thank you! 😊
Great info!
So to the point no wasted talking Thanks so much
Thank you 🤗
100%correct
🤗
Have no spent day, week or month.
First rule : make more money!!!
I ❤ the dodge ball analogy. Thank you so much for your videos.
Fantastic! Thanks so much 🤗
I believe that a lot is the immediate gratification entitlement. I want it now.
My “excuse” is because I’m stuck at a dead end job and need a better paying job. I’ve worked for this same call center for going on 6 years since late 2018 and I only make $11.50 per hour and get paid every 2 weeks and now they’ve cut my hours down to 21 hours per week. Who can live on that income?
I have never lived paycheck to paycheck, and I pray to god that never happens to me! 🙏🙏
Let me tell you, it's a bloody nightmare that doesn't seem to have a damn end !
You sound great. It seems like you have gained a lot of confidence and stamina. And you hit that topic right on. Congratulations! Awesome video!!
Thank you so much! 🤗
Good tips
Great insight
Thank you for the tips
Thank you! 🤗
@@THEJENNIFERCOOK You’re welcome
I like your videos!!
Angela, thank you! 🤗
Love Zig Ziglar quote! You made so many good points and gave so many good suggestions. Thank you😊
Mary, thank you so much! 🤗
Awesome video. Such amazing insight and guidance. As usual. Thanks Jennifer!
Libby, thank you for your kind words! Have a wonderful week 🤗
Also, I’d love to see a video on simplifying and decluttering.
🤗
Yes, please do one about organizing that would be great. You keep not notifying on your new ones on my UA-cam for some reason. I just love listening to you and your advice. It’s so good thank you.
Hi Brenda, thanks so much! ❤️
Thanks ❤
I enjoy all of your videos
Angelique, thank you so much 🤗
If where I live would pay at least 15/hr I wouldn’t be behind the 8 ball.
Am learning to squirrel money away it was long time over due at my big age!
I've always saved money for bills. In fact i have a separate bank account just for bills and i save the same amount from every paycheck.
Margaret, that is a smart idea!
Excellent, helpful information!
You are getting closer to your 2024 payoff goal!! Happy for you!😊
Karen, thank you so much 🤗
How should I do my budget in excel or world document?
Sincerely,
Andrew Wiggins
Great video, practical information that is relevant and relatable.
The unknown is way scarier than the known.
You should have more likes!!!!!! Good helpful information 💯
Thank you so much!
Very pertinent and important information at any level! Thanks! That was great❤
Thank you so much 🤗
Living paycheck to paycheck is most commonly learned from growing up in a paycheck to paycheck family. A great many people think their budget is stretched to the bone without any room - until maybe they find someone with less money only spending $1 to $2 a day total on their food. Spending $10 on one fast food meal may seem bare bones - but for some that is their total spent for a week on food. Jennifer speaks the truth. Make the changes you need to gain control over your money. I have a tip that might help people: be diligent on returning things to the store for a refund. A lot of people don't return the things they didn't use or don't need, or that were simply bad items. If I buy a package of maple bacon jerky on a whim and hate the flavor, I will return it. If I buy several pieces of wood at a home center and do not use all of it, I will return the unused pieces. All those small refunds can quickly become a $100 or more back into my monthly budget. Its better of course to be more careful or intentional in your purchases - but until you learn that skill, do not be shy about returning mistake purchases.
Please do video about organisation 🙏
Hi Jennifer! Great informative video as always.
Thank you! 🤗
Love your tips!
Thank you so much!
I recommend putting sinking funds in a savings account that gains interest . To gain little bits for just having a sit there when needed 🙃
Good video
❤
So grateful for this video❤
🤗
This video helps me out a lot; thank you Jennifer
Dave’s way is the best way to go when tacking debt and credit even though he don’t like credit paying lump sums work well for me
Credit cards are designed to keep poor people poor. The rich people are the ones paying cards off every month. Who is paying 29% and late fees? Who is paying 7% on car loans? Who is paying more because of a low credit score? Wake up people!!! A borrower is a slave to the lender.
In my case things cost more but my income did not increase.