Help! I don't know how to budget!
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- Опубліковано 19 чер 2024
- What is a budget? You decide in advance, every month, quarter, year and long term what you are going to spend your money on. In this video I go through a starting a budget.
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Video Time Stamps - Go straight to whichever section you want:
00:00 Intro
1:57 First Steps
2:58 What do you want to spend your money on?
4:31 What is a budget?
5:20 Budget Goals
6:59 Setting your budget
8:25 Where to put your budget
9:46 How to manage accounts
11:56 ReoLink Argus 4 Pro Advert Break
14:36 Setting the budget
14:55 Everything you spend money on
18:39 Essence of a budget
19:24 Occasional & Annual expenses
21:55 Monthly bills
24:52 Savings
26:10 Final Figures
27:18 Discretionary Money
28:58 Bye for now!
Frugal Queen in France
We are a British couple living in Brittany on a budget.
Frugal recipes, days out, home renovations and day to day making do in France.
We’ll give you hints, tips, advice and an insight into our life in France.
Website www.frugalqueeninfrance.com/
Instagram / frugalqueen. .
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Once a teacher, always a teacher!!!
Thanks
Budgeting is very easy. The problem is many people just don't want to do it. I use a simple dollar store lined notebook and a pen. Easy peasy. I take my monthly income, list the bills and savings, and any yearly or bi yearly bills and do simple subtraction. What is left over gets divided into the remaining days until I get paid again. I've been widowed for over 15 yrs, so it's all on me, but when I was married, I took care of the day to day expenses and my husband took care of the bigger things like savings, and investments, retirement etc. . I think one of the best things to do when budgeting is to prepare for the "what ifs" in like . I am currently dealing with some needed ,unexpected construction on my home. Thankfully I am debt free, and I have the money needed for this big project put aside in my emergency fund. I go over my finances daily. It only takes maybe 5 minutes. 🥰🍋🍒🍑💐💗✝
Thanks so much
One of the best videos I have seen on budgeting. I have been budgeting for many years, but I have not always been sure where to put the money. And slipped up at times with the annual amounts, especially with saving for a new car! Thank you.
Thanks so much for watching
my 90 year old Mum still does her budget every year in a book so I learnt that from an early age, that along with decades in banking kept me in good stead when we had a sever impact on our income when I was made redundant, started my own business which was then shut down due to the pandemic - budgeting has been key - an excellent video Jane & Michael, your teaching skills come across very well, it should be taught in schools
Your mum set a great example
Don't forget to include household supplies and personal care items. I separate these from food so I know how much I'm paying for each. I buy food every month, but I buy cleaning supplies, shampoo, soap, laundry/dish detergent, toilet paper, toothpaste, etc...less often. Even though I'm always looking for bargains, I divide this by 12 each year and budget that amount so I can buy what I need when it's on sale.
Yes, I find this very helpful too.
Totally agree on doing a budget with your partner/spouse...My stepmother had no idea what bills her and my dad had, where to pay even the water bill, how much money they had in the bank...my dad took care of it all and when he passed I had to help her learn about all their finances...
Thanks
100% agree. I had a an old school friend whose father died and Mother had never looked at the books and when he died they found out they were a few weeks away from bankruptcy, had to sell the house etc and the kids ended up supporting her financially for the rest of her life!
Simple first step for a budget
Pen
Paper
List of all your bills
List of all the money you have coming in..
Write everything down and get scarcely honest.
Everything gets written down. From that you work out where you need more and can make cuts.
Well said
That's how I have always done it. Keep it simple. I have kept simple dollar store lined notebooks, and write it all down. It's nice to be able to go back and see the previous years.
Very detailed budgeting advice. Thanks Jane and Mike.
Our pleasure!
Jane and Mike that was a great video, thank you for making it all so clear. I’ve been watching you both for a while and snatching tips here and there but now feel ready to “honestly” make a budget and stick to it! Honestly being the key word here no sneaky coffee’s or extra yoga classes here and there. I’ll keep watching as it helps me to stay motivated. I like reading all the comments that are left too from others like me who struggle with keeping track of their finances and those who have been budgeting for years. A big thank you to all of you guys as well!
You're very welcome
Great video and perfect timing for us. Our household has recently dropped to one income due to illness and this will be ongoing so we are in the process of revisiting our budget from scratch. I’m sure that we can manage and this video has given us an excellent starting point. Thank you
Thanks so much
You are correct ,all this is very good advice ,we do exactly as you describe it works for us ,fixed income is hard to work ,be as stricked as possible don't be tempted to use vital cash , wait a bit we always check our budget weekly it's that tight but we don't have debt, that is peace of mind for us it is "worth it's weight in gold "
Great video Jayne I'm sure it will make life a lot easier once your advice is understood .
We hope to help and evil that's just one person
One of the things I’ve had to do to help my budget was to recognize what triggers me to impulsive spend which was looking at UA-camrs who do shopping hauls and room make overs that is something that I’ve had to back away from which has now helped me to get focus I don’t know 🤷🏽♀️ if this info could be helpful to anyone but it is helpful to me no matter what you can do it it’s been challenging for me but once I’ve begun to see progress believe me family you can do it too ❤
Thanks so much
An easily overlooked expense is professional licenses. Mine is due every 2 years and is not covered by my employer
Good point
Your slideshow was perfect to see and hear how to properly do a budget and why. Thanks for sharing.
Glad it was helpful!
Thank you for your posts on your channel. Wonderful channel, good information!
You're welcome
Very thorough! Thank you.
Glad it was helpful!
Wonderful video. I am going back over our budget to shore up some holes in it because of your very detailed video on budgeting. Thank you Jane and Mike!
Thanks so much for your reply
GREAT!!!! Thank you Jane Mike and puppies.
Thank you, Jane and Mike!
This is the best financial advice I’ve ever gotten 🙏🏾❤
You’re welcome
Great video! As you said, wish there had been something like this way back when I was really struggling. Thank you.
Glad it helped!
Most excellent video Jane, you have clarified so much about budgeting, and how to start xx
Glad it was helpful!
As always gold star advice and you two are proof in the pudding this works ❤ here's hoping you inspire many from this possibly life changing vlog for many, this should be shown in schools, a life skill that's so important.
I hope so!
What a mor÷ than helpful video. Many thanks & God Bless you & Mike
Glad it was helpful!
You are so kind and such a great teacher Jane 😊
Thank you! 😃
Excellent video; if only it were converted into a course for all young people in school! I agree, once a budget is well established, a fe minutes spent to customize the next month's budget helps account for what's ahead and what varies. I also track my spending daily so there is no big dreaded chore to record things later and no surprises. I like to pay my bills as they come in so I don't overlook something. Thanks!
Thanks to you for watching
Perfect video in my humble opinion. Thank you.
Glad it was helpful!
@@FrugalQueeninFrance it was indeed - I am sending to my children.
Thank you very helpful to think thoughtfully and mindful of this very important topic!!
You are so welcome!
Figure C. You say calculate how much you need each year. Divide by 12 and that is how much you save each year - should breach month.
Very comprehensive.
Great video - thank you
You're welcome
Do your foresee more British people moving abroad to France and Spain for a potentially better quality of life and health care ? Once Australians would go to Britain for a year and earn good money on the pound. Now I can’t think of anyone who would do their gap year there. Too expensive and low pay. Some say it’s not what you earn it’s what you spend but in reality these days you need two adults earning high incomes to even afford food and rent. It’s crazy. 🇦🇺
No, many less. The UK left the EU and it very difficult to get a work visa for most European countries. Unless you meet the retirement income, you can’t get a residency visa either.
Whoop! We love Jane and Mike!!
House staple UA-camrs In my house 😊😊😊
Great video as always. Hi doggies!
Hey, thanks!
👍👍👍
Thankyou 😊
You’re welcome 😊