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 • 75

  • @susan.wanjiku_
    @susan.wanjiku_  9 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.

  • @teacherwinnie548
    @teacherwinnie548 10 місяців тому +23

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

  • @nasambuwanyonyi358
    @nasambuwanyonyi358 10 місяців тому +10

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

  • @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.

  • @ssemandajohnb4078
    @ssemandajohnb4078 10 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 10 місяців тому

    Thanx Susan for the gems. Stay blessed

  • @donnetrose3132
    @donnetrose3132 10 місяців тому +2

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

  • @carolinememe6748
    @carolinememe6748 10 місяців тому +1

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

  • @gichangifaith9689
    @gichangifaith9689 10 місяців тому +2

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

  • @danwanyama1557
    @danwanyama1557 10 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

  • @zalbilly7159
    @zalbilly7159 10 місяців тому

    Pay your self first resonated with me

  • @markmutisya2362
    @markmutisya2362 10 місяців тому +1

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

  • @yakubgowon256
    @yakubgowon256 10 місяців тому +1

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

  • @childofgod8365
    @childofgod8365 10 місяців тому

    Happy you are back

  • @billionaire9105
    @billionaire9105 10 місяців тому +2

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

  • @beatricekamwere369
    @beatricekamwere369 4 дні тому

    Very educative

  • @draruleah4981
    @draruleah4981 10 місяців тому +2

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

  • @normadee6078
    @normadee6078 8 місяців тому

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

  • @terrynjoki3086
    @terrynjoki3086 Місяць тому

    Pay yourself first this is amazing 👏

  • @liliankabui1721
    @liliankabui1721 10 місяців тому +3

    Great work Susan. ❤

  • @evanswanyanga9648
    @evanswanyanga9648 10 місяців тому +1

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

  • @miminatosha4888
    @miminatosha4888 10 місяців тому

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

  • @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

  • @marynyambura6898
    @marynyambura6898 10 місяців тому +2

    Very informative.

  • @abelnoowe5918
    @abelnoowe5918 9 місяців тому

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

  • @Vincent.njenga
    @Vincent.njenga 6 місяців тому

    Very informative. God bless yoh couch

  • @enockabuga892
    @enockabuga892 10 місяців тому

    Nice content..keep it up Susan

  • @Moratage_phyllis
    @Moratage_phyllis 10 місяців тому +1

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

  • @andrewkoech6477
    @andrewkoech6477 10 місяців тому

    Thank you so much, have learrn a lot

  • @jelagatkoimur1038
    @jelagatkoimur1038 10 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_  10 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!

  • @teacherwinnie548
    @teacherwinnie548 10 місяців тому

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

  • @sidneyrono1184
    @sidneyrono1184 10 місяців тому

    Very informative indeed . Which are the best investing strategies

  • @mutaicherobon6550
    @mutaicherobon6550 10 місяців тому

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

  • @Graclyna12
    @Graclyna12 10 місяців тому +4

    Hello dear ,you glowing ❤

  • @KomakechJerry-lb8ie
    @KomakechJerry-lb8ie 10 місяців тому

    Wau wonderful

  • @eunicendirangu4804
    @eunicendirangu4804 10 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

  • @PiusKosgei-gv7vd
    @PiusKosgei-gv7vd 3 місяці тому

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

  • @bettymulama8894
    @bettymulama8894 10 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?

  • @tloporomamabolo7141
    @tloporomamabolo7141 10 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?

  • @LolaBugzy85
    @LolaBugzy85 10 місяців тому

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

  • @KomakechJerry-lb8ie
    @KomakechJerry-lb8ie 10 місяців тому

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

  • @jpwabob8149
    @jpwabob8149 2 місяці тому

    I feel like I should work with a combo.

  • @teresiaakinyi3282
    @teresiaakinyi3282 10 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 10 місяців тому

      😂😂 party after party 😂

  • @catherinechepkoskei4718
    @catherinechepkoskei4718 29 днів 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.

  • @lennymureithi6213
    @lennymureithi6213 27 днів тому

    Hey! cant seem to download the template. please help

  • @derrickokoth6858
    @derrickokoth6858 10 місяців тому

    How is this template is paid for?

  • @kimbis1487
    @kimbis1487 2 місяці тому

    Amazing,

  • @humphreyodhiambo512
    @humphreyodhiambo512 10 місяців тому +2

    i think i need a bare bone budget until december.

    • @susan.wanjiku_
      @susan.wanjiku_  10 місяців тому +2

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

  • @judynyakwama3307
    @judynyakwama3307 10 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 10 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!

  • @lonahakinyi4615
    @lonahakinyi4615 10 місяців тому

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

    • @susan.wanjiku_
      @susan.wanjiku_  10 місяців тому

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

    • @lonahakinyi4615
      @lonahakinyi4615 10 місяців тому

      @@susan.wanjiku_ On it. Thanks

    • @lonahakinyi4615
      @lonahakinyi4615 10 місяців тому

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

  • @debbycoy7340
    @debbycoy7340 4 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_  4 місяці тому

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

  • @sarahmuzaki4656
    @sarahmuzaki4656 5 місяців тому

    👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🌹🌹🌹🌹🌹🌹🌹

  • @sarahmuzaki4656
    @sarahmuzaki4656 5 місяців тому

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

  • @humphreyodhiambo512
    @humphreyodhiambo512 10 місяців тому +2

    where can i get the budget tempelate

    • @susan.wanjiku_
      @susan.wanjiku_  10 місяців тому

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

    • @humphreyodhiambo512
      @humphreyodhiambo512 10 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 10 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_  10 місяців тому

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

  • @MugabiJB
    @MugabiJB 10 місяців тому

    The traditional 50/30/20 is better

  • @eternallifeznow3840
    @eternallifeznow3840 10 місяців тому

    Zero sum and pay your self first

  • @williamwatitwa3534
    @williamwatitwa3534 10 місяців тому +4

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