HOW TO START AN ALL CASH BUDGET | CASH BUDGETING 101 | HOW TO START ON LOW INCOME
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- Опубліковано 14 лип 2024
- Hey budget fam! I hope you are having a lovely day on this beautiful Saturday! Today we are breaking down cash budgeting and doing a little Cash Envelope System 101, if you will. We are talking about what a cash system is and why we use it, how to organize binders in to bills, variable expenses, sinking funds, and savings challenges, and what you need to start your system. At the very end of the video I talk about exactly what I would do if I were just starting out! I hope you enjoy, and if I missed anything or if anything was unclear, please ask in the comments! This is going to be the video I link to and direct people to in the future. So any questions that you think might be helpful for others to read too, go ahead and ask! I can't wait to chat!
Happy watching! With Love, Jordan
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I would probably modify this method a tad. I'd leave the bills money in the bank since everything is on auto pay and only take out the cash for variable expenses for shopping categories such as groceries.
I tried that and ended up cancelling my autopays because it was just not working
@@ptcreations8947 why wasn’t it working? I have everything an auto pay and because of that I don’t know how to get started on this cash system. Thanks
yes. but i get place holders of fake bills for that to represent what you have
@@janessamarie6310 ahhh that makes sense
Remember, she said to wait on that binder until you have a months worth of bills saved, then switch all your bills to come out of bank account on the first of the month. Then you aren’t making a bunch of trips to the bank. Just to withdraw to get the cash, and then a trip to deposit the bills cash before the 1st
You are the first Etsy Shop owner who is so transparent as to tell newbies the cheapest way to start may not be immediately buying from your shop😁😁. I also liked the way you explain the beginning of going cash budget is not as smooth as it looks if you only watch people who have been doing a cash budget for awhile. I'm still working on transitioning. My Kryptonite is grocery shopping and cooking for one vs Spending more on delivery for one freaking meal (and of course using my debit card). You provided the perfect solution - that money can go to sinking funds or challenges.
Right ! I subscribed to her because of her transparency.
New subscriber for this very reason
@@aspcia would like yo do this but don't know how to g er t started
Want to buy this binder from you
Not Amazon
Hopefully you all bought the dip right?
Just starting. You made it the most understandable.
I’m 71, starting this with monthly SS income.
Thanks!
How’s it going? I’m starting with my social security too.
I'm also on ss but ssd which is the same basically I paycheck a month. I wrote a message asking how this would work with someone on ssd and getting paid once a month. Let me know how you do and maybe some tips. Thank you have a great day.
I’m newly 60, and I’m finally getting into a budget mindset! So I definitely needed a newbie “how-to”! This is great!
@@chanda-aime6388 safy
@@pattyward556 do you have coinbase
I started cash budgeting on September 24. I started with saving challenges. Now I am totally cash budgeting. Bills, variable expenses and challenges. I even switched my bank to one that is within walking distance. It does not bother me if I have to go and deposit money everyday…double bonus with getting exercise. Thank you Jordan you really have changed my families life with your videos.
Oh yeah and we managed to get a month ahead. Working on the 2 months ahead right now
Jjicfuf
@Lilly B we have 3 different banks we use....I'm here trying to figure out how to get around the loans and credit card payments...but only 1 of the 3 allows for deposits at the ATM. I wish they all did because I'm tired of wasting my lunches in bank lines.
@@angelbabe1977 this is old but see if any of your banks have night deposit boxes, you can just put your deposits in an envelope outside of bank hours and they process them all in the morning :)
@99flutter I think all 3 do. Lol. I still ain't started the cash thing. And fell off the budget train and just jumped back on within the last couple weeks.
I have been watching budget video for a long time. I wish people were as helpful and transparent as you girl. Thank you for showing empathy to those who are just starting out and can't afford the pricey stuff yet. You are amazing and God will bless you for being so honest.
I’m 15 currently seeing my parents struggle and I really want to learn to save money and know how to control how much is going where so that when things come up I don’t end up Poor but this is all very confusing 😂 I do feel very overwhelmed but I know it’ll come in handy when I’m a bit older or when I start working bc as soon as I get my first paycheck Im going to start saving and only take out a little bit of that money so I have money for myself to enjoy. Question am I too young?? Should I not worry about this rn at this age??
You are never too young to learn budgeting for a successful life. Keep learning about saving and investing.
Never to young to learn
Your on the right track! Save save save!!!!
My 15yo grandson puts 50-60% of every penny he gets into savings. He has no expenses right now. He does help cover gas when he goes to see friends or work.
You are so smart
Dollar tree has a Jot 6 pocket expandable file folder. Also there is a 3 pack of mini composition book for writing expenses. I help the recently homeless start budgeting with them. Most only need 4 categories.
Wonderful idea💜. I waived between cashless an d cash. For me cash works so much better. It's immedate. I found depending when debits actually post you will be thrown off course as most people don't pay attention to pending transactions. Bank's know this reason many go into overddraft. I worked at a bank and know first hand.
I was thinking about this to check dollar tree,thanks.
Hello I am a newbie cash stuffing. I appreciate your transparency on the binders considering you are a business owner. Although it is cheaper on Amazon due to appreciation to you I’m buying everything directly from your Etsy shop! ❤️
Being a month ahead was a gamechanger for us finally “getting” how to budget well.
As someone who can't use the system(because of Swedens obsession with digital money) this fascinates me a lot and makes me wish I lived in the us
Thank you so much for not just plugging your Etsy shop but being honest about the best prices. This video answers so many questions I have while trying to start that I feel many budget videos don’t address.
You are so welcome! ❤️❤️
I know this video is a year old but when you said “ if it was me and I was just starting, I would find $13 for a binder off Amazon…” GIRL ME TOO 😂😂😂💀💀💀😅 love how real you keep it haha
For now, I'm starting with savings challenges and a "general" savings sinking fund until I decide what important things we need to save for. Thank you for this breakdown! 💙
Um also, I'm gonna need January to hurry up for this planner business 💙
Haha yessss thank you for the support! I’m so excited about January 😍😍😍🥰❤️
So happy I came across this video. I’m going to start doing this but with Monopoly money because I’m the type to lose everything all the time.
Love this Jordan! I started very basic. I actually bought The Budget Mom printables and put them in a 3-ring binder. I used plain envelopes and pinched my pennies. I did start using an Erin Condrin with Sara Marie stickers a few months later to reward myself. Then I started making my own printables to save money. I only got my binders recently after budgeting for over a year! Great break down!
Thank You for being honest and looking out for us. I thought I was doing ok on my spending and got a big shocker today…. Writing down everything first is a great idea. Thank You Again!!! I will start this today to train myself again. 😊
Great video! You are helping a lot of people with this video. And, truly, I believe that no matter how long people have been budgeting, there always something to be learned from watching others budgeting their money. The most important step is to start… and it’ll all sort itself out eventually! 💰💰💰
Loved this Jordan!! Sharing the basics is so great! I honestly started with just one standard envelope for my groceries and that was it. Lol. I was so overwhelmed of thinking of all the categories. But then it got easier as I went on.
Thank you, thank you, thank you!! Getting started is the hardest part and determining what envelopes are needed and where they go. And I love the chatty videos! It helps so much to see others and their systems. Hugs 🤗
Wooow i jux love how you made it simple with easy illustration ,demonstration and examples all in details.
I will now start using your method 😍😍😍😍😍
You being honest and not greedy is what makes people want to support your small business! I don’t need any of these, but I just enjoy watching people budget and/or doing savings challenges. I should try. I’m more of a planner girl. (:
I have been watching budgeting for a year now. You are the only one that made it easy for me to understand and know we’re to go if you just start budgeting and what items you only really need starting out. I went bought tons of binders becuase I thought I needed it. Loveee you tell us we’re to go to save money and talked about Amazon to get our stuff to first start out. New Sub!!! Will loveee a sinking fund Challenge video Soo People can start it now or For the new year 😀😀
You are so super sweet and encouraging! Thank you for even recommending that we start off with Amazon and Walmart, instead of slinging your Etsy and being self-promotional like other folks. This was so helpful. Thanks so much - I’m excited to begin my cash envelope journey now, Jordan 😃
I love this! I appreciate that you’re honest with others and tell them you can start with what you have! Great video! ☺️🌸❤️
This is amazing! I’ve struggled with figuring out how to get started, but your videos have really helped. Thanks so much - from one single mom to another.
Ive been bindging these budgeting videos for two weeks and you finally made it make sense for me. Thank you.
I never thought of doing this and when I looked it up there was so much to discover I got overwhelmed but thanks to you I am not overwhelmed anymore and it gives me motivation to do this on my own. Thank you so much! ❤
Hey Jordan! I am so glad I found you from Amanda's page. You're truly an honest and caring person. I just love that about you and thought you should know. I did not even think about buying the filing binder instead of an A6 binder, thank you!
I’m a new viewer and a beginner at budgeting but this does help especially for us beginners that never really learned how to budget. Thank you for sharing the video. ❤️
amazing video! the part about the grocery budget was so relatable lmao. I gave myself way too little at first and it was awful but now I have more money to use and it's so motivating seeing the money left over and be able to save that way :)
You are refreshing. I really appreciate that you are not pushing your products like crazy. Which in return makes me want to buy from you because of how upfront and sweet you are. Thank you for the transparency!
Thank you for this video. It is by far the best one I have watched for people starting out.
I love how understanding you are and how thoughtful you are to our pockets it means a lot as a new subscriber 🥺💕
I came across your page and I am so grateful I clicked. I just ordered a personalized binder for my needs,wants, travel shopping, savings challenges, and holiday/birthday shopping. I thought that was a good start, considering I have been using spreadsheets to keep track for a year now. CHEERS TO NEW YEAR NEW WAYS OF SAVING!
Thank you for being so helpful! I love that you give options!
When I first was on my own say about 25 years ago this was how I did things. I found it super easy and I liked to have it available for me to look at everything when ever I needed!😊
I stumbled across your page by accident , and I must say the way you explain the process of cash budgeting , what each category is for, the difference between binders , etc was excellent ! Your so knowledgeable, and I literally binged watched every video you have. I also love how you do recommend going to Amazon to get our binders, as the reason to the video is saving / budgeting . You are amazing !! Thank you for your transparency ❤
You are so sweet, thank you for leaving such a kind comment! 😘 ❤️❤️❤️❤️
Thank you!!!! Thank you!!! Being new to cash budgeting it’s hard to know we’re to start. But your video was so helpful!!
First time I watch one of your videos and love how honest you are, so I subscribed. Thank you! Have a wonderful day!
I have watched so many budgeting videos but never understood it fully. You explain so well. Thank you much!
Especially i loved how you told about starting because i was already overwhelmed about binders.
The algorithm chose this as my first video intro to cash budgeting and I’m hooked!! Thank you for the easy explanation!! We’re starting this this year, and I’m so thankful I saw this before Jan 1st, so we can start fresh from the beginning. 😁
I’m glad I came across your video! I’m new stay at home mom and we have only one income at the moment and we want to start managing money better since little one is now in the family and he’s a big responsibility… thank you for explaining the system I’m currently going to try and see how I can make this system work but on card😀
Thank you. I needed this video. It was raw and honest. You are a gem. Keep up the great work.
Thank you for sharing. I just started back with cash and starting on some challenges. Excited to see my savings grow. 😊
You are the first person to help me understand stuffing the way I’ve been looking
Jordan, you did a great thing, making this video. How honest and giving you are!!! Thanks 👍🤩!!
You just gained a follower for ever! I’m a new mom thank you for being transparent about your Etsy shop and gave so many tips !
Thank you!! This video was filled with helpful tips. I have been so called budgeting for years & kinda failing at it. Excited to try your ways!!
Your explanations about challenges and sinking funds was so very helpful! I now understand why some of my sinking funds attempts failed while other succeeded.
awesome! thank you for this! i have started saving all my change to begin my sinking funds envelopes with. I need to see some immediate results, and knowing i want to start this lifestyle, I knew i needed a jumping off place. - saving all my change for a month is going to give me a few dollars to spread over a few envies so i can see progress immediately.
Thank you for doing this. Definitely helping me break it down. Going to start in January.
Would love a savings challenge video. Would help me Lot to figure out what I'm going to do or how I'm going to do it
On this first day of a new year this is exactly what I needed to watch. Excited to start the year with you.
I'm so excited to share 2022 with you Deanna! 💗💗💗
i’m about to be 18 soon , been worrisome to get a job but i received money for christmas an i’ve been looking for ways to save then get a job an already have some saved but only came across unstuffing videos or end of the year blah blah blah , this has helped me see and understand so much more! especially on how to keep your focus on it , loved this!
Hope you don't get mad at this. But for the ones that can't afford the binders yet. Walmart sells mini 3 ring binders from 4-5 dollars. You can use regular white envelopes in it until you can upgrade. :)
This is so clear and so useful. THANK YOU! You've answered so many of my questions!
I love it, you’re so honest and motivating! I needed this video so I thank you for making this video!! 🥰
Yes 🙏🏼 that’s exactly how I felt
I’m 21 and I been trying to budget more and I wanna say Thank you for breaking down the cash envelopes you made it super easy to understand I watch other videos and it confused me even more cause they didn’t go into details like your doing
What a great idea for the sick day envelope! I am going to implement that. Thank you for your channel
This video was great, I can under it well and easy.
I started last March and it took me a while to understand how SF work and by watching this amazing UA-cam SF community and how everyone did there’s in different ways I was able to finally understand and get my envelopes in order. Lol
I started with SF envelopes like car mnt, emergency, house etc I didn’t do any challenges until I was ok to start taking more money out for some small saving challenges because I can’t do them all so I do the 5 or 10 dollar challenge and it adds up! My bills are all auto so I don’t take them out. But I hope to one day be able to do the 100 envelopes challenge eventually lol.
Thanks Jordan
Yay! One of the first budget channels I’ve found that is 1 month ahead and pays all their bills on the 1st! New subscriber 😊
I admire your humbleness and honesty of redirecting where we can buy binders etc
Thank you for being so informative. You are one of the UA-camrs that gave me the courage to start my own Cash Stuffing channel to document my cash stuffing journey. I am jealous of your Amazon though. Australian Amazon is so expensive. For example, for my first binder and envelopes cost me $30 and it took 2 weeks to arrive.I
Sis you are very helpful thank you!!!! Just watched for first time❤️❤️❤️❤️
This is the best explanation I have ever gotten 🙌🙌 you broke things down so simply, but thoroughly 🤗 it makes it so much easier for a newbie to begin! I've watched other videos and left feeling more confused and overwhelmed. Thank you 💝
But how do you actually pay bills like cellphone or other bills that aren't able to send cash?
@@kimmason8373 Im not sure how most people do it, but, I do automatic withdrawals for bills like auto/ renters insurance, cell phone, utilities, car payment. I have two credit cards. One I've paid off, and, the other is close to being paid off. This is all new to me so I'm still trying to figure out what works for me. In a short amount of time, I've made a lot of progress. I've always been an overspender and have never budgeted. Every week, month I was trying to figure out where my money went
But she doesn't say how you get to the amounts you need to put away!!
I found you today. I love how helpful this is. I'm new-ish to this way of budgeting, and it can get overwhelming sometimes because I'm not sure about what sinking finds and savings challenges to do. Thank you for this!
Starting with 15 categories can be overwhelming. How about starting with just 5 categories?
@@DavidEVogel thank you for the suggestion!
Looovvveeee the transparency, thank you.
Wow, thank you so much ! This is the only video I found where it is explained in so much detail and I finally get it! I hope I can stick to this method.
I follow a couple cash stuffing envelop channels, but hands down yours is the best. I already started and done my research but I like to watch others for more inspiration. Your channel is amazing. I hope you continue making more videos. Thank you for sharing your ways!!
Wow, thank you Melanie, that is such a huge compliment, I appreciate you!! 💗💗💗
By far the first video that is realistic and makes sense! Thanks 💙
I just purchased the pink binder book with the hearts from your site been searching all day and came across this video!!! Can’t wait to receive it 🥰
Seriously love your channel! I have been binge watching all your videos!
Watching this 7 weeks after you made it and hearing about wanting 5k subscribers then seeing you already over 9k great job!!! shows you are making content people want.
😮 she’s now over 42k in 2024!! 👏🏽👏🏽👏🏽
Thank youuuu for this 101 video, totally understand now. I can update and modify my budgeting system. Love this.
You sound like a teacher so I'm here taking notes 📝
I just purchased your cash envelope 12 monthly and 24 savings challenges trackers. I'm beyond impressed. Thank you for doing your thang!!
Thank YOU Corretta!! ❤️❤️❤️
This video was so incredibly helpful!
You’re handwriting is so pretty!!! I’m just learning about this system so I’m doing my research to try to implement this. This was super helpful and informative! I love the chatter too 🥰
Love this, been watching different videos on beginner cash budgeting, and this is the best one yet. Thanks so much, now I gotta check out your stay shop 😁😁
You are the reason I stayed with my budget I love how you keep it real
I love the set up and this was so helpful! Thank you!
My first time seeing your channel, and I watched this entire video! I love that you were so helpful, honest, and upfront telling beginners to purchase from Amazon because it was the cheapest way to start doing this even though you have a shop and sell the same items! What a breath of fresh air to find someone with such a wonderful spirit! I hope you are blessed because of your amazingly selfless attitude! 👏🏾👏🏾 🤗🤗
Great tips about choosing savings that excite you. I have 2 binders and a handful of envelopes and I don't know what to use them all for. So thank you for this tip.
I’m moving in 2 months to a different state and I can’t wait to do this! Thank you so much, subscribed to you!!!
Hi I’m so glad I found your channel, thank you for taking the time to explain each category. I will follow your ways in order to be able to reach my financial goals. Thank you
This is the best money saving video I have ever come across on UA-cam! I took notes and watched it over and over to make sure I wrote it all down. I then just sat back and watched it for the heck of it! I hope you enjoyed my state of Tennessee while visiting here! Oh, I'm now a new subscriber 😊
You Rock ! Sharing your tips and educating others. 🤩
Such a helpful video for starters! I absolutely love this method and the best system for me too💗
Hello, great video! I finally had time to sit & watch to take notes. Thank you for explaining everything it really helps.
I love how you explain things! I’ve tried and tried and sometimes I stick to it and then I fall off. If you stick to it, it does work.
Wow you are really speaking my language and the way you are breaking things down is so extremely helpful! I'm learning so much in one of your video vs watching countless others with titles that draw me in like this one! And thank you so much for being honest and 💯 with us!
Yes I would love to see you talk about savings challenges. Thank you.
Oh my goodness your video,, this video is like the best EVER!! I am just looking into doing this, my bank is driving me nuts-so I’m looking for ways to get a hold of money/finance. You are so right… thank you, thank you.
This is a perfectly detailed intro tutorial. Thank you for being so thorough!
Yes would love to see a video on different challenges ❤
Thank you for explaining this so simply!! I finally understand 🤗
Question: How do you know what kind of bills to ask for when you're at the bank? How many $20s $10s $5s $1s. Also, again like I said I love your challenges. I love coloring. It's relaxing and destresses me. I bought a journal on amazon but I do like the separate journal idea too. Thank you so much! I have a bad spending problem. Like you said if I have money I will spend it on online Gambline (I blocked myself) Food delivery, or Amazon. This will help sooo much!
At of people use fake money
You should assess how much you pay for each category- maybe write, draft for a month- and then you can say if you need for example 50 dollars for food and then 50 for sth else then you know that you need 2 bills of 50 dollars...
Thank you for sharing your knowledge with us! 🤩
Can’t wait to come back and watch this. I am just starting prep on my 2022 budget and new to cash envelopes
So happy to have you here Stacey! 💗
Thank you for breaking everything down so well.
I appreciated this so much ! Thank you!
Thank you so much for sharing these tips!! Great information!!