THESE ARE THE MOST EFFECTIVE BUDGETING STRATEGIES

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  • Опубліковано 16 сер 2023
  • In this video, I discuss different types of budgeting strategies, including zero-based budgeting, pay-yourself-first budgeting, the envelope system, and the 50/30/20 rule. I explain how each strategy works and how to choose the right one for you.
    If you're looking for a way to take control of your finances, budgeting is a great place to start. By tracking your income and expenses, you can see where your money is going and make changes to save more.
    Enjoy,
    Coach Susan.
    GET THE BUDGET TRACKER HERE: thelegacyhub.co.ke/product/th...
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    Music: A Perfect Morning with Coffe 🎵 No Copyright Lofi Beats To Relax / Study To 🎵 Lofi Mix 2022

КОМЕНТАРІ • 74

  • @susan.wanjiku_
    @susan.wanjiku_  8 місяців тому +4

    Hi guys, I will never ask you to text or Whatsapp me for anything. If you see any such comment, even with the picture being mine, offering you guides and numbers to call or whatsapp, kindly ignore and report that comment. It is scammers and bots trying to get to some of you. The right channels to reach me are always linked in the description box, that is, my website and email address.

  • @TheBudgetLady133
    @TheBudgetLady133 Місяць тому +1

    Awesome video. I am in the USA and I use the one month ahead zero based budgeting method and I’m having great success with this strategy the bare bones budgeting method that you mentioned is awesome because I have very high savings goals. I can use this method during months that I have had Considerable expenses that were unexpected and as you were explaining this, I was thinking that this could be used on selective months of the year. I’m excited to implement this because I would fund less to all the other accounts that I budget with and focus on the one account that I need to Distribute money to. So thank you so much for sharing and I’m so glad I came across your video. I enjoy learning something new that I can use on my budget journey.

  • @teacherwinnie548
    @teacherwinnie548 9 місяців тому +22

    Hello Susan. If someone is self-employed, which criteria is used to determine their salary, or what percentage?

  • @nasambuwanyonyi358
    @nasambuwanyonyi358 9 місяців тому +10

    Paying yourself first is paying into your future. This is amazing teachings

  • @terrynjoki3086
    @terrynjoki3086 20 днів тому

    Pay yourself first this is amazing 👏

  • @ssemandajohnb4078
    @ssemandajohnb4078 9 місяців тому +6

    Coach Susan, you are doing a wonderful job. From the time i started following your guidance my personal finance management has continuously improved and i use the Zero balance budgeting strategy. Every shilling is assigned its work and for any expenditure i first consult the budget. Thank you so so much.

  • @lindamuthunga9056
    @lindamuthunga9056 9 місяців тому

    Thanx Susan for the gems. Stay blessed

  • @danwanyama1557
    @danwanyama1557 9 місяців тому

    Glad that you're back,Jah keep you in good health,
    I appreciate the teaching,and am learning
    Pay yourself strategy,is the way for me
    Jah Bless

  • @donnetrose3132
    @donnetrose3132 9 місяців тому +2

    learnt something new with the bare-bone budget. Thanks for the great work.

  • @gichangifaith9689
    @gichangifaith9689 9 місяців тому +2

    Keep those videos coming couch, since i started following you this year my financial life have really improved.

  • @normadee6078
    @normadee6078 7 місяців тому

    Best no fluff practical budgeting strategy. Thank you so much. You gained a new subscriber ❤

  • @yakubgowon256
    @yakubgowon256 9 місяців тому +1

    Paying your self first is something am using and it's working well for me.

  • @carolinememe6748
    @carolinememe6748 9 місяців тому +1

    Thank you for the information.
    Thinking of blending the zero sum and envelope budgeting 😊

  • @markmutisya2362
    @markmutisya2362 9 місяців тому +1

    Indeed, It is very helpful,,, Thanks for sharing.

  • @childofgod8365
    @childofgod8365 9 місяців тому

    Happy you are back

  • @evanswanyanga9648
    @evanswanyanga9648 9 місяців тому +1

    wow ! very very educative coach. Keep up the good work.

  • @zalbilly7159
    @zalbilly7159 9 місяців тому

    Pay your self first resonated with me

  • @draruleah4981
    @draruleah4981 9 місяців тому +2

    I think i need to buy alot of envelopes and start envelope method immediately. Thanks coach Susan.

  • @ericachebet3016
    @ericachebet3016 9 місяців тому

    I can't wait to come here with a testimony 😊,have learnt alot since i join this channel,God i know you've good plans for me🙏,be blessed susan

  • @miminatosha4888
    @miminatosha4888 9 місяців тому

    I'm very grateful. Now I understand that there are different budgets and where am at 😂 Knowledge is power for sure

  • @billionaire9105
    @billionaire9105 9 місяців тому +2

    I have been doing that for sometime now and wow now i have invested more than i expected......

  • @marynyambura6898
    @marynyambura6898 9 місяців тому +2

    Very informative.

  • @Vincent.njenga
    @Vincent.njenga 5 місяців тому

    Very informative. God bless yoh couch

  • @liliankabui1721
    @liliankabui1721 9 місяців тому +3

    Great work Susan. ❤

  • @abelnoowe5918
    @abelnoowe5918 9 місяців тому

    Been following you for a while now. Much love from Uganda..

  • @enockabuga892
    @enockabuga892 9 місяців тому

    Nice content..keep it up Susan

  • @andrewkoech6477
    @andrewkoech6477 9 місяців тому

    Thank you so much, have learrn a lot

  • @Moratage_phyllis
    @Moratage_phyllis 9 місяців тому +1

    GOOD TEACHINGS GAL...NIPITIENI GUYS❤❤❤❤

  • @jelagatkoimur1038
    @jelagatkoimur1038 9 місяців тому +3

    The way my life is structured right now, I need a bare bone approach for the next 18 or so months until all petty debts is paid and have a functional emergency fund, then I can pick up from there, God willing.

    • @susan.wanjiku_
      @susan.wanjiku_  9 місяців тому +1

      The barebones budget is such an amazing strategy to get out of debt. I wish you all the best! You got this!

  • @sidneyrono1184
    @sidneyrono1184 9 місяців тому

    Very informative indeed . Which are the best investing strategies

  • @teacherwinnie548
    @teacherwinnie548 9 місяців тому

    Again thank you for changing my financial life. Nowadays friends calls me; Wueeh! Budget gal...

  • @Graclyna12
    @Graclyna12 9 місяців тому +4

    Hello dear ,you glowing ❤

  • @mutaicherobon6550
    @mutaicherobon6550 9 місяців тому

    Am almost bgood with money nowadays becoz of Susan.Receive your flowers

  • @KomakechJerry-lb8ie
    @KomakechJerry-lb8ie 9 місяців тому

    Wau wonderful

  • @eunicendirangu4804
    @eunicendirangu4804 9 місяців тому +2

    Hi Susan kindly advise on how to budget for people in business. Self employed in a business that is still growing ie just the kawaida general shop in your home area

  • @bettymulama8894
    @bettymulama8894 9 місяців тому

    Thank you so much for the information. Very helpful indeed..
    However, the budget template is not editable or is it that am not doing something right?

  • @PiusKosgei-gv7vd
    @PiusKosgei-gv7vd 2 місяці тому

    Please am your follower and seriously in need of financial literacy information for beginners

  • @tloporomamabolo7141
    @tloporomamabolo7141 9 місяців тому +1

    Hello,
    The currency on the budget tracker, is it designed only for Kenyans or can it be set to other nationality currencies?

  • @jpwabob8149
    @jpwabob8149 Місяць тому

    I feel like I should work with a combo.

  • @lennymureithi6213
    @lennymureithi6213 День тому

    Hey! cant seem to download the template. please help

  • @teresiaakinyi3282
    @teresiaakinyi3282 9 місяців тому +2

    To be honest, I thought paying yourself first is about "kuambia mwili pole"🤣🤣I have really learned, thanks Susan for your great insights

    • @bilqis476
      @bilqis476 9 місяців тому

      😂😂 party after party 😂

  • @KomakechJerry-lb8ie
    @KomakechJerry-lb8ie 9 місяців тому

    Am gonna use the bare-bone and the pay myself first then the 60

  • @derrickokoth6858
    @derrickokoth6858 9 місяців тому

    How is this template is paid for?

  • @LolaBugzy85
    @LolaBugzy85 9 місяців тому

    Zero balance strategy for me. Every coin matters with some savings that I have via standing orders every month.

  • @catherinechepkoskei4718
    @catherinechepkoskei4718 3 дні тому

    Hi Susan, I am a beginner in investing. I opened an account and for my second deposit, I used the wrong pay bill and it went to a different product. I have tried to communicate with them but in vain. They did not include the amount in my statement. I have only done two deposits.
    How long does it take to transfer the money to the MMF.

  • @kimbis1487
    @kimbis1487 Місяць тому

    Amazing,

  • @lonahakinyi4615
    @lonahakinyi4615 9 місяців тому

    Hello Susan. How can one get the budget tracker once it's paid for ?

    • @susan.wanjiku_
      @susan.wanjiku_  9 місяців тому

      It should be immediate. If you didn’t get it, please email the payment confirmation to: info@thelegacyhub.co.ke

    • @lonahakinyi4615
      @lonahakinyi4615 9 місяців тому

      @@susan.wanjiku_ On it. Thanks

    • @lonahakinyi4615
      @lonahakinyi4615 9 місяців тому

      Received my budget tracker! An eye opener indeed. I have never accounted for transaction charges , now I know better.

  • @debbycoy7340
    @debbycoy7340 3 місяці тому

    Hi Susan,
    I purchased a budget template from your channel but didn't get it. Can you please assist.
    Thanks

    • @susan.wanjiku_
      @susan.wanjiku_  3 місяці тому

      Hello, please email your payment confirmation to: info@thelegacyhub.co.ke

  • @humphreyodhiambo512
    @humphreyodhiambo512 9 місяців тому +2

    i think i need a bare bone budget until december.

    • @susan.wanjiku_
      @susan.wanjiku_  9 місяців тому +2

      Go youuu! It is an amazing tool to use during your debt freedom journey. All the best! 💯

  • @judynyakwama3307
    @judynyakwama3307 9 місяців тому

    I have listened to almost all your videos and am still making same mistakes.. what's wrong with me.once money get into my account,it won't last 5 day's before it's finished.i have opened a Sacco account and am planning to put a standing order and see if it will help me.

    • @kap849
      @kap849 9 місяців тому +1

      There is nothing wrong with you. Settings up automatic transfers on pay day to your savings/SACCO accounts is a step in the right direction. Remember you are not an expert, you are learning. Keep at it. It's been over 4 years since I started budgeting and I sometimes feel like I'm new to this, there's a lot of learning and unlearning to do.
      All the best!

  • @humphreyodhiambo512
    @humphreyodhiambo512 9 місяців тому +2

    where can i get the budget tempelate

    • @susan.wanjiku_
      @susan.wanjiku_  9 місяців тому

      Here it is: thelegacyhub.co.ke/product/the-legacy-budget-tracking-template/

    • @humphreyodhiambo512
      @humphreyodhiambo512 9 місяців тому

      Thank you.

    • @everlynegoro1237
      @everlynegoro1237 2 місяці тому

      Is all debt bad? Please talk about good debt if there's such a thing

  • @joshualangat5472
    @joshualangat5472 9 місяців тому

    Hi Susan. How can someone get in touch with you? I want you to come and share in our Men's fellowship.

    • @susan.wanjiku_
      @susan.wanjiku_  9 місяців тому

      Hello, you can reach me on my email: info@thelegacyhub.co.ke

  • @sarahmuzaki4656
    @sarahmuzaki4656 4 місяці тому

    👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🌹🌹🌹🌹🌹🌹🌹

  • @eternallifeznow3840
    @eternallifeznow3840 9 місяців тому

    Zero sum and pay your self first

  • @sarahmuzaki4656
    @sarahmuzaki4656 4 місяці тому

    The zero sum strategy clearly makes you slowly become an impulse purchaser!!!! Then you start increasing on the black tax!!!!!!

  • @mukairejohnbosco1797
    @mukairejohnbosco1797 9 місяців тому

    The traditional 50/30/20 is better

  • @williamwatitwa3534
    @williamwatitwa3534 9 місяців тому +4

    Looking forward to a review of the dhowcsd platform from cbk and how to best utilize it