I ALWAYS Keep This in My Budget
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- Опубліковано 13 лип 2023
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Less than 4 weeks away from finishing baby step 2!! 🎉
Paid off my mortgage last october now stuff i thought i could never afford dont seem so bad its 60k to concrete my driveway 15k to put in a wood stove 60k for a new truck without any debt i can actually see saving to buy that stuff in cash
My mom taught me the envelope system. I do it today. Saving for a big Hawaii trip next March. I have pd flights and hotels. Now I’m saving for fun excursions and food. Plan ahead and you’ll always have the money when you need it! Thnx Rachel!
I budget 10% of my net pay for wants like self care and entertainment. It gives me a small allowance to be able to enjoy life while budgeting. For paying debt i allocate 20%
I appreciate this video. Our family always looks for free activities to do on the weekends. Usually there's a festival, a new store, a park or hiking trail, etc that we can explore. We usually save our fun money for date nights.
Married 20yrs, 6 kids, 1 income, and we're on baby step 5! If we can, so can you!!
While I absolutely support giving, depending on where you are in life, that giving may be of your time, not necessarily money. When our sons were small, and money was tight, we donated (instead of selling) items we no longer had a need for. We also looked at opportunities to volunteer with our sons. When our boys were out of college, more dollars were donated, now retired, we volunteer more of our time. I probably spend 10-15 hours a week volunteering.
I agree, tithe or giving doesn’t have to be in a money donation. I think giving quality time through volunteering, donating used items, supporting local charities is very beneficial.
I include a budget item for entertainment. That's my "fun" money. I use it to buy ebooks or go to the movies. I included it when I realised that my spending, prior to monthly budgeting, always had book expenses. I couldn't do budgeting without it.
It would be cool to see how employees at Ramsey look different than your average workplace of a similar size: cars driven, Starbucks or coffee from home, packed lunches or eating out for lunch etc.
My employer gives a $250 per quarter lifestyle benefit. Last two quarters paid for my new iPhone, and so far this quarter I bought a My Pillow mattress topper and two blouses for work.
Hi! I was wondering if you or your dad have a video geared towards young adults leaving home, getting jobs and how and what to budget? Both of my kids (24&25) are planning on moving out in the next few months 😢 and I’m not sure how to financially direct them. We live in Massachusetts where rents are CRAZY expensive. Thanks.
My partner and I have allowances monthly. It is very small but it is sufficient. I use my fun money to help people I want to help or buy the things I want. 👌
Can you do more videos of teaching kids about money. And, also, talk about Greenlight debit card for kids. I want my kids to use cash so they can feel the spending more than a debit card but I think it’s also important to teach them how to use a debit card as well
Yes! I have different categories of "fun", a 10 pound a week for coffee out (usually with one of my daughters) and depending on the month , 100 or 200 pounds for socialising, that includes meals out as a family or with friends. The giving, now that we are on B4/5/6 has also changed, it goes out automatically to church/charity but it's also included in the "fun" category, because it brings a lot of joy.
yes! i’m so excited that ramsey now has a printable tracker again!!!! 🎉
Well said, fun money in a budget is a must. I treat myself to a small frozen yogurt at least once a week. I agree with Racheal, fun money should be in a budget, not a high priority but why not treat yourself?
She didn’t say go crazy but what you can afford.
I havent watched this channel in a while. I'm trying to rise above the frustrating times we are in. We were on babystep 4. Just starting it...plus we live in an expensive part of canada. We are right back to baby step 1... again... trying to rise above this. But, yes... fun money.
Thanks for posting. I’ve started on my debt-free journey and I tend myself afraid to spend on anything outside of my budget. I needed the reminder to relax ❤
Yes, you need fun in your budget to keep yourself motivated.
The key is to have your budget reflect reality. Don't spend outside of your budget, budget for fun spending.
Can you guys do a finance building board game, that would be cool. Maybe a fun one for kids too.
Didn’t they already do this?act your wage I believe it was called
They did!
0:39
Realistically, it depends where you are financially. Put your own oxygen mask on before helping others.
Giving is awesome, but I disagree with giving when you are in debt and doing baby step 2. You should pause giving until you can financially because you HAVE to take care of your own finances first before you can give generously. It's like putting the oxygen mask in a plane, you have to put that mask first so you are in a position to help your love ones. Same as finances, you have to take care of your own finances first so later you are in a position to give generously.
@TheRachelCruzeShow_ shut up scammer
What about calling it a floatation fund, because it keeps you afloat when other things come up (planned or otherwise)? …I remember George & Rachel trying to think of another name
We made a debt chain and cut off links when we paid it off. Every 10 chains had an inspirational quote or scripture. If felt good to have something physical to show for paying off debt (I kept thinking of Jacob Marley…) debt free now and still the chain stays as a visual in my mind for staying debt free!
Rachel! You Rock!
When does Ramsey say we can buy a property after we have an emergency fund? Does he recommend an X amount deposit?
I literally call it my "play dough" because it's money I don't have to feel guilty about having fun with.
Fun money is gas for my waverunner, burns about 6 gallons per hour of fun.
Live in a small house to start while you save.
That’s what we did. 1200 square foot house for 1200 a month, paid 220k. Average home price in my neighborhood was 280, now it’s 350. My house is worth 300 now, starter house is the way to go
I was renting a single room in a friends house in the outskirts of a big city for almost four years. Embarrassing to admit that but when I went to buy my own place I paid for half of my house in cash! For me it was the smartest move I’ve ever made. I no longer need housemates.
I can’t seem to find the debt savings tracker on the website?
Budget 10% of your net pay for fun and entertainment and 25% for medical, housing, and automotive related expenses
i cant find it on the website & haven’t found a link?
What do you include in utilities?
The four walls: Groceries/Food, Transport, Mortgage/rent & utilities.
Utilities include: electricity/gas, internet, phone, life insurance etc
I love the grounded reality of this channel!!!, Despite the recession, I'm so happy withdrawing $60K weekly profit out of my investment I can now afford anything and also support Charity Organizations.
How do you earn that much weekly
What kind of investment do you do
I earn from investing in the digital market with the guidance of Mrs Elizabeth Ann Larson Brokerage services...
Her strategy has been helping alot of traders/ newbies out there , with her program I was able to recover my losses from the crash so swiftly .
@@duncancassie7747 So how do I get involved in all these?
I really need her assistance
Show me how!
Giving above all is very irresponsible. IMO
I asked my wife to watch this with me and she said : "You don't make any money to budget."
😂 ouch
@@jenniferspisak You are cute!
Y money needs to be budgeted, even if it's a dollar!
Haha! That's why it's important to budget! Every dollar is assigned a mission and has to see it through.
You will actually find by budgeting you seem to have more money and freedom then before because you’re aware of were your hard earn money is going. 🤷♀️
Recently at the $10 sale I bought the money makeover workbook and I know there is a free version of EveryDollar. I'm struggling to get started and I'm not sure why. Does anyone have any tips on how to get going on your debt free journey when you feel energetically stuck?
Just drip feed a small amount of savings to an account. When you see it multiply to $1000 you will start to build momentum & be energised to keep going, to pay off your debts. It doesn’t happen overnight but you can make the change now for your future. You will thank yourself one day in the future, guaranteed.