How to Make a Budget That Actually Works for You
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- Опубліковано 18 чер 2024
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A lot of people see a budget as something that limits your freedom-I know, because I used to be one of them. But once budgeting becomes part of your everyday life, it actually gives you permission to spend! A budget doesn’t limit your freedom-it gives you freedom.
In this episode of The Rachel Cruze Show, you’ll learn:
• Three steps to make budgeting easier for you than it’s ever been
• How to get your spouse on board with budgeting with you
• How one couple learned to budget their inconsistent income, and how you can too
Sponsors pay the producer of this show, The Lampo Group, LLC, advertising fees for mentioning their services or products during programming. Advertising fees are not based upon or otherwise tied to any product sale or business transacted between any consumer or sponsor. The following sponsors have paid for the programming you are viewing:
- Zander Insurance
Resources (everything mentioned in this episode):
Download The Irregular Income Worksheet:
www.rachelcruze.com/show/how-...
Zander Insurance: bit.ly/2Pd6Nss
Irregular Income Budgeting Worksheet: bit.ly/2QuvK1G
My Favorite Budgeting App: www.rachelcruze.com/everydollar
Financial Peace University: www.rachelcruze.com/store/pro...
Ramsey Solutions UA-cam Channels (Subscribe Now!)
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• The Dave Ramsey Show (Live): ua-cam.com/users/thedaveramsey...
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• The Ken Coleman Show: ua-cam.com/users/TheKenColem...
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• EntreLeadership: ua-cam.com/users/entreleader...
Watching this in 2024 - oh, if only we knew then what was in store for us over the next few years financially!
Today we paid our mortage, plus our regular EXTRA $300.00 onto the principal that my 75-year old husband who works part-time so we can do this. The we put our Stimulus $1,200 onto that same principal. Getting there slowly but surely!
My husband and I don't fight about money anymore since budgeting, we fight over which bar soap we're buying and using 😂
TwinMama cmon kudos to you guys. And whoever picked Dove am on their side.
LMSO!!!!!! 😂😂😂😂
😂😂😂
Which bar soap did y’all decide on ? I use Irish Spring.
We have paid off $60k in 4 years. During that time I went to school to be an RN and only worked under 20 hrs a week. My husband is blessed with a good job that kept us a float. Now we are knocking the debt out very fast. Cant wait to see what amount we pay off this year.
I am a nerd! I feel so much more in control of my money on a budget. It definitely makes a difference when you pay close attention to where your money is being spent and SAVED!🌻Thank you!
Sherry Jacobs let’s go 🙌🏽
For my wife and I budgeting has been the key. We’ve been budgeting for the last three years and have paid off over $65,000 towards our debt. We are so thankful for the system.
Thank you for this video Rachel. I know the baby steps. My husband and I are on baby step 2. I was so confused about the budget. Not how to make one but how to get the cushion in my bank to pay the bills. I was using my credit card to pay the bills because I didn’t want to get so low in my bank account that I get charged for not having the money to pay the bills. The saving for 3 months, then See where we are at as far as the budget goes was a life changing suggestion. Thank you all so much for what you do. 🙏🙏🙏
I'm single and now debt free through budgeting. When i shopped I meal planned. If I bought 3 for 2 i would put the price of that 3rd item in a jar. I bought yellow labels and took off full price from reduced. And popped it in the jar. I reduced energy. I stopped using my gas cooker. Bought halogen oven ( sold my square cookware n bought round cookware.) I bought a double induction hob the portable type. They have saved so much. I double duvet my bedding. And use hot water bottle. My big saving on laundry. I use white vinegar instead of softener. I make my own laundry powder. Grate simple soap bicarbonate of soda washing soda borax and Epson salts due to hard water. I dont buy bottled water i filter tap water. I limit my social outgoings. I do feedback survey for freebies. I drive a manual gearbox 2.8 diesel range rover ( its paid for in full no hp) and how I drive it. It uses less fuel than my old Peugeot 2 litre plus it's cheaper on road tax and insurance. And looks cool when going on bussiness lunches..making saving gives you a better out look on life. Oh my jar at the end of the month added up over the yr £8000.00 which over 3 yrs £24000 which I paid off debts. Then ad ppl claim I forgot about come through. So I bought my car.
My freezer in full my cupboards are full. So now I'm doing a no spend grocery month. I love been frugal. I'm starting tech testing where you test stuff and write a review then you get the product.
Wow m impressed. Bravo
Ms. Rachel thanks for starting the year with such an amazing topic. Just on new year's eve I have asked my college student daughter to get prepared for our January finances meeting...happening next week.
Also, are expecting? Congratulations and continue taking care of yourself!🎉🎉
Thanks for making this video! I started tracking my spending and budgeting on July 2019.
I currently have less than $300 left to complete my Starter Emergency Fund, and should finish getting that checked off my list by next month. Then will be my dreaded Baby Step Two! I had my paycheck cut in half last year and am really struggling to make ends meet. Finding a part-time job will truly be a challenge because of my current work schedule. But thank you, Rachel, for this episode. It offers me HOPE!
Thank you, I really needed this today. God bless you.
Hi
Once again another great video...to help us on our journey...
Rachel, I agree with you about this budgeting app. It is incredible. I feel like I have regained my power over MY money! Thanks to the Ramsey Team for such a fabulous job on this app; and it is continually improving :)
Great advice, Thank you!
2022 onward first youtube video is to recap this episode!!! i love Rachel !
Getting EveryDollar worldwide would be so helpful Rachel 😊 Would that be possible? Great video as always!
SusieDiamond completely agree! I would to be able to use this in the uk :D
I would also like to use it in Jamaica.
Even us in South Africa. Please Rachel
Yes!! Why is this not available in Canada yet!
Yes please!!! We need EveryDollar worldwide!
who is here because of school?
Thank you for changing my life.
I think my homemade coffee tastes better than that sugary, syrupy, sweet stuff at the coffee shops. Don't get me wrong I do like that stuff too once in a while but my blood sugar don't.
Honestly I think a really good protein shake is better than coffee with less crash.
FACTS
Thanks
Great video
Y'all need to get the app in Canada!!!
I took the Nerd or Free Spirit quiz and I am literally 50/50?! Now what? Lol, I had a feeling I was pretty well both Nerd & Free Spirit!
I can so relate to this couple , especialy the wife , thats how I am, but I'm tired of feeling like this because I end up suffering, so I am ready & will change, what better way to start tha the beginning of the year. I have a large family so its hard but its doable!
I married one just like me, 2 days birth apart n 6 yrs both virgo rrrr 27 yrs strong marriage still 🙏🏻 so not every one marries opposite, living above your money is huge with most i once was like that, figured that out yep
awwe
I’m the nerd in my family. This was a great video!!
I have an income problem. Been working for minimum wage for the past 9 months. $1600 a month gross. I pay $600 for rent , $200 for food, and the rest goes to paying off old debt. I'm going to put debt payments on hold till I can build up a $1000 emergency fund because I'm tired of not having one.
At least you know what the problem is
@@tymom9313 true.. after my next paycheck I will be halfway to my $1000 goal. Can't come quick enough...
@@SamSung-jv3jm awesome! It's worth the sacrifice
Possible a second job can help
I don’t set any budget but I track all my spending! my goal is to spend minimum. I tried to used quicken before but Somehow didnt work for me. So I started the old school write down every single purchase . Now I know how much I spend each month and where I spend the most of my money. I also have a section for all monthly fixed purchases like mortgage payment, utilities, Netflix etc and cancel the ones I don’t use. Now I think I am going to use google sheet or excel to track my spendings too. This way it feels persona than using quicken to track for you! I never had any debts beside the mortgage . My parents don’t like debts. When I think of debts it feels like your neighbor borrow your $1000 each month and they never give them back to you. That’s what debts are 😜I bought my first brand new car by borrowing money from my family and pay them back each month to avoid debts 😛 my biggest problem is that I need to stop buying things I don’t need…
Thank you for the videom. im from borneo and wishes you well on delivering baby. In our local area, delivering baby is free of charge from goverment helps. But if it from private sectors it will cost lots of money.
I think its hard to stay on track to the budget. But thats why i watched your video. Thank you.
Get some teen parents on the show! Help teen moms who are on their own!
I don’t think that’s wise, it may encourage teen pregnancy if teens think that you can still have a good an easy life while having a baby before it’s time
It’s not encouraging teen pregnancy. Look around you, it’s happening everywhere. One video is not going to “make teens” want to get pregnant. It will help teach them about money and being “wise” with it. Some teen parents need encouragement to help them get out of their parents home, or to buy their own car, or even to save up for a house. Teaches them responsibility for their actions.
Alyssa B I had a son when I was 19 and knew nothing about money except that I should work and pay bills. I did not learn more until much later. I believe the same thing applies to you as applies to others. However, you have to balance school, work, and caring for your child alone. First, enlist the help of family as much as possible. You need a healthy support system. Second, DO NOT use debt for anything you think you need for your baby or yourself. Your child DOES NOT need the fancy things our culture says they do. I cannot stress enough to stay in school. Spend time with your child after school and study from 8 to 10 at night. Focus on doing well. Also, Dave Ramsey sells a teen entrepreneur book. This is something you may be interested to earn extra money. Or, wait tables on Friday and Saturday nights. Tips could really help. Budget your money just like everyone else. Save what you can. Live very frugally until you have an emergency fund, then start saving for college. Be responsible and do not live impulsively. You CAN do this! Think of your child and change their family tree.
Maybe just single moms, not necessarily teen moms
I must respectfully disagree with Missy Cute. Regardless of anyone’s views of teen pregnancy or pro choice/pro life, we should certainly have a resource for young single mothers AND fathers to have access to a healthy financial lifestyle. It is unfair to young mothers and single fathers to limit their educational resources just because of one’s personal religious beliefs or political views. Teaching financial well being is not encouraging, glamorizing, nor advertising having children before marriage or at an early age. Financial education is not a get-rich scheme. It only teaches you how to MANAGE your financial situation. I do challenge anyone to find a young single mother or father who will ever tell you it was “a good and easy life,” raising kids alone as you stated.
How can you save if your on a fixed income and a caregiver?
Cutest pregnant lady ever! 🤰❣
Lol 😂 that was funny I’m a big Chick-fil-A fan but time to sacrifice
exactly. lol it was those little budget busters we didn't even realize we were doing till we started tracking properly!
Skittle Boys is in the comments! #muchlove from Skittlz nation #GoodVibesOnly Shoutout to: Rachel and your family Happy 2020 🥳🎉🎊👏 many blessings!! and congratulations!!!🤱
When signing up for Ramsey+ through a church, is every dollar app free, or every dollar plus?
Ramsey + is paid. Every dollar is free. Every dollar + is a part of the paid Ramsey +
I’m a nerd after I pay all my bills the money that I have extra . ( overtime funds) I pay towards my mortgage, electric and Internet for the following month. Instead of putting it into savings that way I’m chipping away at the interest on my mortgage. It’s what I do as a widow to protect myself, since I don’t have any other streams of income.
Hey Rach, is the app available in Australia?
Hi there! Unfortunately EveryDollar isn't available outside the U.S. at this time. We hope to expand one day, and we'll make sure to pass your message along to our Support team. - The RC Team
Google Sheets and excel
Where is the worksheet? Our paychecks are inconsistent
comimar yes! I agree where can we get the worksheet
Here you go! - The RC Team
bit.ly/36wO7sh
@@nfaith47 Here you go! - The RC Team
bit.ly/36wO7sh
If for some reason the worksheet doesn’t work out for you guys, you can still use EveryDollar for an Irregular paycheck. The same numbers you added on to the paper you can add onto EveryDollar. My wife and I find it way easier to use.
@@lifewithdt7657 oĺĺll
Llll
Every dollar is unable to categorize each payment for me actually. I need to manual input what is it for the payments. Don't know why.
I need to know where that top and jeans are from! Sorry, not budget related... I did come for that info, but I love that outfit too!!
Heather Bailey As long as the outfit is in your budget get it girl
Life with D&T Lol, yes girl 🤗
On a low monthly fixed income and can't do steps 1 then 2. Been trying it for a years now and I can't do those at all. Save towards Emergency funds and end up using it by the end of the month.
Venice Mitchell sounds like you need a side hustle
Gotta get a bigger shovel. :/
Any advice for single parent homes?
I would like you to help a person budget that Receives s.s.i and does not have a lot of money, to live off?
Meluca AKA Melissa yes!
Income amount is irrelevant. Zero dollar budget
Im gonna make this a drinking game. Every time she says "nerd", you drink
1). $2,000. starter fund
2). Pay off debt
3). 6-12 month emergency fund
4). Invest 15% retirement
5). N/A
6).Pay off house/down payment
7). Build wealth
Do you have to budget monthly or can you break it up when you get paid every two weeks?
I break it up. I also get payed every 2 weeks. For monthly payments (like utilities), I just split it in half and put 50% on the first week and 50% on the second one. Hope this helps!
You do your thing
Budget according to how you get paid. My husband is paid every 2 weeks, so half of each bill gets paid per check. On the months with 3 paychecks, that's extra to put to savings or emergency!
Bills are monthly so better to break it down monthly. Look at the calendar and see how many checks you will get for that month and then break down the bills etc for that amount for that month.
Monthly. Assume you have the buffer between bills.... months that you get paid that 3rd check either throw it towards debt, savings/ investment, or spend
How do you build savings with funds on the every dollar app? Where is the option to add to a fund created the previous month? When I attempt to add to the fund, it reflects an expenditure rather than savings.
It reflects as an expenditure to savings. You can find it in your fund's balance after.
Is it ok to do your budget twice a month based on how we are paid?
Absolutely! Making a budget, and sticking to the budget is what's important, so if bi-monthly makes sense for your income go for it!
Sure, why not
Does anyone know an alternative app for EveryDollar for us who live outside the US?|
(Btw thank you so much for this video)
Jesus Peral I wanna know too!!!
Jesus Peral I agree.
Update, I downloaded Goodbudget app. It is simple and works
Jesus Peral YNAB!
YNAB.com
Does anyone know which episode features Sabrina Soto?
No
I already have 1,2&5 covered
As so many families crumble due to health care costs and daycare...minimal mat leave policies are horrible too..in the US. Perhaps a subject for future shows
Dave addresses this periodically on his show :)
Will you make EveryDollar available in Europe soon please please pleeeeease? :)
Amy Schuhmann There are some printable things on the Dave Ramsey website that might be useful until it is available in your country. They are under tools on the website.
We have inconsistent paychecks, it’s hard to budget for getting paid every 2 weeks and it’s never the same amount of income
Spreadsheets, spreadsheets and more spreadsheets has been my solution haha
Hubby and I have DONT bring home the same amount every 2 weeks but I do the math and guessitimate, but I still budget all the expenses due for the week or next, and yes I budget every 2 weeks... it’s better for me...
Try to budget on the smaller paycheck
There’s a video on this! :)
Bi weekly budget
I’m having a little trouble figuring out the every dollar app but I’m determined to figure it out , any suggestions will be greatly appreciated.
What if you're single and you're a free spirit??
🖐🏼🙂
5:31
I don’t understand why the Ap isn’t worldwide and even being able to purchase items from daveramsey.com. from outside the US.
Hi there! Our EveryDollar team is working towards expanding our app availability. If you're interested in purchasing a product from the Dave Ramsey online store, please contact our Ramsey Care team by phone at 888.227.3223 or email at ramseysupport@daveramsey.com. Thanks! - The RC Team
VPN to mask your IP
Google sheets and excel
I’m not finding the worksheet.
Here you go, Vickie! - The RC Team
bit.ly/36wO7sh
Vickie Stover try EveryDollar, it’s real good.
Life with D&T every dollar is not associated with the bank I do business with, BancorpSouth. What can we do to remedy that?
Please make Everydollar available to Europe! We don't mind the name, we need it in the UK, a lot of people also living pay check to pay check!
How can I budget if I’m on a fixed income, I’m a single widow mom with 6 children
Budgeting is so confusing
But what if the first four you don't get accomplished until your child is a couple of years away from starting college and you haven't put anything aside for college in all that time then you're not going to be able to do much for their college. I think these things being set in stone in this order does not fit everyone
If you don’t have the money to spend a lot on college then your child is going to have to work within that. First thing is picking a realistic career to go into. Going to medical school isn’t smart if you don’t have the money. They might need to do community college first and transfer. Financial aid should be a large portion of the decision making on any college. I’ve known plenty of people who worked until the money was there for college. Your not going to be able to help as much if you dont have a good size emergency fund and you’re not out of debt.
Awe if only every dollar was absolutely free...😞
They should have an absolutely free every dollar app for teenagers
Or a student/teenager rate.
Should be Free. We trying to save MONEY 💵
Use google sheets, it’s free
My husband and I are bringing home $21,600 a year if our paychecks stay steady but now there’s a baby on the way. How can we budget for this and not have to worry whether or not we can pay all our bills?
Step 1, get that income up
No app for me.
Long pencil is better than short memory.
I am scared to do a budget. I have more expenses than my income.
Don't be scared. That jus means u have to get a 2nd JOB part-time. That's all. U can do this!!!
Time to face reality
Not having a budget is exactly why your expenses is more than your income
thumbnail looks like you're holding up a paper foot
Chill nerds 😂
What's the 14 day money finding challenge?
$1000 is a good start but it's no where near enough even for a bachelor.
Anyone with a family should make baby step #1 $5000. Otherwise you will never make it to the other steps.
nice to know that Dave's daughter is repeating his words as a job, WTH
Too much about the app
They gotta make money somehow
She is so cute pregnant!
I cannot get the hang of every dollar. It's too time consuming, and our budget changes so frequently we are back at the drawing board at least thrice a week.
Ok
Sorry Rachel, I stopped watching as soon as you started marketing insurance or anything else ... this ruins your videos.
Every video is a commercial and lacks content
Sweet pregnancy
IS THIS A DISGUISED IKEA COMMERCIAL ?
Totally disagree, budgets are not needed. With everyone's lives being as hectic as they are, financial simplicity is the best path. Too complicated and no one will follow through with it long term. Set up direct deposit of your paycheck. Pay yourself first by setting up automatic funding of your retirement accounts and emergency fund (purchasing low fee ETFs and broad market index funds). Set up automatic payments for reoccurring bills each month. Then spend (or save) the remaining money left over guilt free. Enjoy life and realize that happiness doesn't come from material possessions. Rachel means well but she is just another financial "expert" that makes a living giving advice that has a little different spin then the other advisors out there.
What you just described was indeed budgeting
*DONT BUDGETS*
Stop calling people 'nerds' ...its not cool or cute or funny.