BUDGETING FOR BEGINNERS | FREE DOWNLOAD BI-WEEKLY PAY | HOW TO BUDGET
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- Опубліковано 26 чер 2024
- My name is Christine, also known as Frugal Fit Mom on UA-cam. This channel is going to focus more on personal finance and doing UA-cam as a job. Let me know what questions you have about those topics and I am planning on posting them here!
Here is the FREE Beginner Budget Template download - docs.google.com/spreadsheets/...
Frugal Fit Mom - / @frugalfitmom
Frugal Fit Dad - / @frugalfitdad
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I'm a teacher and do a budget project with my students every semester!!! This is definitely something I'd like to show my kiddos!!
What grade do you teach?
@@broaduswilliams889 9th-12th. I am a Special Education teacher and teach Academic Seminar which is basically Learning Strategies. I do a little bit of everything, but my favorite thing to teach is budgeting and college/career planning.
That's awesome, there needs to be more financial education in school, this is fundamental to having a successful life.
Pamela Moore That is so good to hear:)
At 1:20 you forgot to mention how "copies" of the budget could be found in the kitchen, bathroom, bed, dishwasher, etc. 😂
Say what?
@@thisuniquechica its good idea to remind yourself not to go overboard
🤣🤣🤣 at Christine was consistent!!!
Lol.. Hey, it all helps 🙂.
I pay $107 a month just for internet!!! No tv, I cancelled my cable a couple of years ago it was going to over $200 a month. So I went just streaming for about $30 month. I don't miss cable at all. Just got a new cell phone service for $15 a month but you have to pay 6mths in advance to get the lower rate. I live in CA too expensive here. Thanks so much for this I do not budget...shame on me. Everything is on auto pay and I don't even know what my gas & electric bills are until I see my bank statement. I am going to guess if I do this budget I am going to save a lot of money each month. Already saving on food watching your other channel. Love it! I love your energy
This is very close to our budget $3200 month for a family of four. We have never really had a formal budget. I’m starting one this year. We pay $350 in debt every week. The goal is to pay it off as quickly as possible. These videos are so helpful.
It amazes me how many people don't have a budget. The thought of not knowing what is coming in and what is going out when, gives me anxiety.
Well, I kinda have a budget and kinda don't. Hear me out. :D Whenever I start keeping score of my purchases via Wallet or other type of apps, and I need to constantly add the stuff in manually (I cannot connect my card to it, since I don't wanna pay for a membership), first of all, that takes time and gives me anxiety that I have to spend time on this all the time or if I leave something out and it does not add up, go through my list and check what I failed to add into the app.
Also, putting so many things in the app makes me feel like I am spending too much, so with every purchase I begin to doubt myself and I have bad conscience even if I buy food or something that is really needed.
I know this says more about me than about anything else, and it is my problem that I get so worked up about finances, but keeping a budget does help me save money...but on the flipside, makes me have a really negative relationship with money. You know what I mean?
So what I do now is I set up an automatic transfer of a specific amount of money into my savings account immediately after I get my salary, so that I don't even see that money. And with the rest, I pay bills and mortgage first before doing anything else (I get paid monthly). And then anything else that is left, I can use for remaining things. Had to trick myself into putting money in my savings this way, but it works. :D
I also leave some money until my next paycheck for emergency smaller purchases and when my salary comes, I put that remaining amount that was left from the previous month also into my savings. Something there is something left at the end of the month, sometimes not.
I don't have a credit card though so I don't buy things I cannot afford.
I like your no nonsense approach to budgeting & finances. This is real life information which everybody could benefit from 😊
OMG!!! This is the video i was looking for! I had no idea you had another channel!!? (Until I did a double take of the drop-menu in your vid. Hi I'm Celest. My future husband Phillip (boyfriend) and I are going to be moving across the country soon. We are new to budgeting as we will be getting our first place together out there. We are currently trying to save as much as possible before we leave with the exception of our current living situation and some recent car problems. I took notes off your "36 Things Frugal People Don't Do" video and feel more inspired to learn more. I just have to say Thank you for your fun videos and great advice so far, Christine.
I'm about to graduate college and I'm scared for the real world but ypur videos are giving me the advice I never got. Thank you so much Christine ❤
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This is so timely! I am changing jobs this week and want to set some financial goals, like paying off my car by Christmas. This helps me make a plan! My current budget includes spending until all the money is gone. 🤣
Love your template, I adapted it and combined it with what I previously used. Overall great setup. Thank you so much.
Thank you Christine!!! I downloaded this spreadsheet the last time and I made a few tweaks to suit me. It’s really awesome 👏
Good morning! I’m excited to watch this!
SUPER helpful. I love your financial planning videos!!
Thank you for the print out Christine! Can’t wait to use!
Awesome video as always! Can’t wait to get started budgeting for this year. Hoping to pay down some credit card debt. Thank you for all you do ❤️❤️❤️❤️❤️
This is the earliest I've ever been to anything!!
This spreadsheet is awesome!!! Thank you so much! I love the year format because I can see our progress as we improve on being wise with our spending.
This is so great. Thank you so much for this, Christine. I am such a visual person and can wrap my head around an excel spread sheet.
Thank you for this! My goal this year is to cut out any extra expenses, wipe out as much debt as possible and start saving for a house! This helps a lot!
Thank you so much for sharing this budgeting sheet with everyone Christine! Have a great day☺💖
Thank you! You too!
I am excited to use the template! I love budgeting things out and it makes money less stressful for me.
This is a great start, thank you for sharing this
Loving the new channel! You've inspired me to start one on my own one day too!
Thanks so very much! I am so excited, because we love doing budgets. Lol, via paper and pen! 😅
I always appreciate your budget videos, they're so helpful!
My husband is like Dave. I finally convinced him to let me take over the budgeting.
Right now Ive been doing a detailed breakdown of each month, since he gets a weekly paycheck, and I'm basically reorganizing the bank statement in a way that I can see exactly where everything is going and how often, so that I can eventually formulate a cohesive budget and start paying off debt, investing, and saving.
Thank you for putting in the time!
This was great! I get paid weekly and I will adapt this for weekly pay and I will try to include a rolling balance in there for my credit card balance which I managed to move over to zero interest back in October. Thank you
My takehome income right now is only about 1100 twice a month. I have been blessed in that my rent is very low (just over $500/mo) and that includes my utilities. I’m looking forward to May, when I will be getting married and we will be a dual income household. Thankfully, we a both fairly frugal with our money and will be able to save most of my paycheck for upgrades we want to do around the house and other things. I have no debt, and he only has a small amount of credit card debt that should be paid off shortly. I appreciate you giving tips on how to budget and keep track of things.
I like how you how you did it by month. I've been using just a one month over view that I edit when things change.... This will be great for those of us who's income varies throughout the year.
I have been using a spreadsheet for my budgeting. I print it out & put it in a binder & document actual expenses vs. Budgeted. Every quarter I try to review what happened & what I can do differently.
It helps to see what I did or didn't accomplish. An upside to the pandemic...if that is possible...is that I can pay down more debt since I spend less on gas, reduced my car insurance rate & only eat fast food 1 time per week. Every dollar counts. The little things add up quick
Very useful, thanks Christine! By the way your hairstyle is very pretty!
Ok...just started following you're other channel, just came across this and you had me at Dave Ramsey! I'm here for it!
Thank you Christine.
I use your template and it’s awesome! I’ve always done it on paper but have used your template for about half a year and love it! I won’t go back to paper again! Saved me tons of time!
Glad you like it!
I really like seeing someone else’s budget spreadsheet. Very different from mine. I may switch to your way whenever I get further ahead! Mine has the whole year broken into 2-week pay periods so I can know which check has to go toward which expense and which checks have a little more wiggle room for paying down debt.
I think it is great that you are sharing how to start a budget and how to adjust as you go along. So many ppl are afraid of money and how to manage their money. Life is every revolving and we all need to check in on how we are spending, donating, saving your money for the allowable comfort that we may seek for ourselves and family. Personally I find it challenging to divide & track, household toiletries, household supplies, groceries, personal grooming supplies or like haircuts etc. If you leave it all in one bucket it may look huge but if you divide it; it can become tedious. Still working at as I rework 2021......
Hope you find the sweet spot!
Thanks for the template download! This will be really helpful.
I like your hair! Love your vlogs!
This video was super helpful, I am gonna get going with it from tomorrow onwards..
WOW! I have been looking for a simpler way to budget for FOREVER. I’ve been married for going on 4 years now and have had such a hard time with our finances because I cannot map them all out. ( Not to mention that I am also incapable of doing anything on the computer) SO EXCITED to finally have it all in order. I’m a huge numbers person- my husband is not, and it’s been a struggle to get it simplified and all in one place for the BOTH of us to understand.
I use your budget tool and I love it
Perfect timing for this video! Christine to the rescue again!
Enjoy!
Nice! Thanks for the free budget template.
Thanks for sharing. Great video!
Thanks for watching!
My fiancé and I get paid opposite weeks, so I prefer to do a weekly budget. It helps my ADD see the process being made, because the bigger picture of a monthly budget makes me feel like it is unachievable.
Christine, thank you for this spreadsheet and info. I'm on BabyStep 3, no mortgage yet although 55yrs old, single. I've allocated monthly expenses but haven't written/ made a complete budget yet. I've kept receipts....for ages but haven't added them up to see extra $ gas hone. Now using yours, I will. I'm grateful for hope and the Lord's provision.
Putting my budget to paper (spreadsheet) was very empowering.
I live off of $2600 a month for a family of 3 in California. it is doable but I do live with the minimum requirements, only essentials, and I can be heard yelling across my tiny apartment about lights being left on because of the electric bill hahaha. but yes it is doable to live off of just gotta budget like crazy. Will be trying your template I love it more than my current one.
I have used this spreadsheet, since you posted it for the previous video. Great resource!
Glad you like it!
This is fantastic! Can't wait to try the sheet
Hope you enjoy it!
Awesome Christine! I celebrated clearing my 1k overdraft on Friday! I was in it for 20 years. Celebrated with a nice cup of tea and a woohoo coz that’s free
Great job!
I really like this and would use the spreadsheet if I actually had a computer as it's a very good idea. Currently though I am doing my budget in a old school book that my son doesnt need anymore. I've considered buying a planner but that would be having the extra money to buy one.
The way I look at it is that as long as my rent and bills are paid and there is food in the house then we are doing well, I do have a savings account and although currently it's pretty empty I do try to put a couple of quid (I live in England) into it a month just to try and save for emergencies kids clothes etc.
You make budgeting sound easy breaking it down the way you do so thank you
We use a book for our budget. Been doing it for the last 26 years or so. Works great for us,but I can see how doing it on the computer would work great for others.
a budget is the most freeing thing I ever did. I started one in 1996 and am now debt free, including the house. I will ALWAYS live on a budget.
Thanks for sharing
WOW! This is great! Thank you! I will definitely use this
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Thank you for this!
Glad it was helpful!
I took your budget sheet and adapted it for my own needs. I also got my first credit card because of you and wow has it helped my credit jump! Mind you, the only thing it is used for is gas and then the CC is paid once it shows on there. It still is an amazing boost though!
How much should go in savings
Mary on Richard's phone from Florida, with the ultimate challenge living on $1,000 a month luckily the house is paid off but I still have maintenance to do I tried tracking my expenses in a notebook with each bill had its own page and figured out for the year how much I will need and track it that way and each month I try to save or cut pennies somewhere it adds up and savings I'm surviving now greatly but just
Great video! Electric in winter literally jumps $100-180 on 68 degrees too...they go by the temp outside they said. I’m a pen paper person too...trying to figure out the keeping of the debit card...like when you use it several times that day...miss the envelope system.
I keep a 3x5 index card in my wallet to record ATM purchases on. I have done this since I gave up the cash envelopes, works great for me!
I need to start back doing this. We need to get our travel and emergency fund built back up.
you are the 2nd one I watched tonight that mentioned David Ramsey.
Thank you for the template!!
You're welcome 😊
While using a spreadsheet is cheap, it really is not the best and most sustainable way to budget and track the actual spending in comparison to the budget. For instance every time you have a transaction then you'd have to manually update the spreadsheet in order to know where you are for the month and that makes people more likely to miss transactions and not keep up with their spending in relation to the budget. Budgeting software is going to be a better choice as it can import transactions and be up to date with actual spending along with tracking balances and running reporting. You can also be better able to view your history and search for transactions like when you wonder when did I last shop at XYZ, etc. Additionally if someone is not good with spreadsheets and gets formulas messed up then there's the potential for really messing up the budget if you don't know what you're doing.
Yeah, everyone has their own process. For me, I love seeing the spreadsheet, and I use apps and spreadsheets. I think I remember excel allows you to protect a cell’s formula, but I can’t remember if google sheets has that, too. Spreadsheets can be a good starting point, too, saves you from erasing and crossing out stuff :)
I just made my first payment towards my student loans this month! I most definitely need a budget lol.
When mortgage is done it will be life changing..
Hate to break it too you, but it just kind of stays the same..lol. We’ve been mortgage free for 3 years but now we’ve decided it was time to renovate lol 😂 so now our mortgage has gone to the Reno budget 🤷♀️
@@tiffanytempleton2201 we will be mortgage free in 3 months after that I can be a stay at home wife/mom, :)
@@richardhenderson3249 that is wonderful!!! I am so happy for you 👏 I have been a stay at home mom (I have 4 kids) since my twins in 2016.
This is so helpful! Thank you 😊
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I’m just finding this! I’m so excited about this!! We have ONE MORE half payment for our mortgage and our home is paid off!! If only I can keep my husband from going back into another loan we will be set!
Any tips on how to deal with a husband/spouse that is on a different page than you with debt/budgeting?
Awesome thanks for sharing 💞
Thanks for watching!
@@christineunfiltered 😍
My husband and I have a "cashbook" (don't know the right word in english😟) since 1992 in which we write down our daily expenses, like groceries, personal care, etc. It helps us keep track of our cash expenses, no matter if it is really cash, or credit or debet card.
And we do budgetting and also keep track of the real cashflow in a spreadsheet similar to yours.
We would not want it any other way. Spread the word 😁👍
Great info! thank you!
Could you make a video on how to allocate your money in Vanguard IRA accounts? This is the most confusing part tbh
Started doing my budget this month. Sadly never honestly done it prior. I had a piece of paper with numbers on it and lots of highighting.
Budgeting is so important for life. I have been in banking for almost years and over half was in retail/consumer banking which led me to see some things.
I don't follow/care for Dave Ramsey (if he works for you, that's great, he's just not for me), but whatever philosophy you follow, you have to know your financial goals and stick to them.
Thank you for all your help and guidance. It is great how real and genuine you are. I would love to request you do a video on how you get so many hotel points and miles. I would love to get travel savy. Thanks for all your efforts and hard work.
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I get paid monthly. Mine goes directly to our debt. Hubby gets paid weekly. I pay all the bills monthly then save his paychecks over the month for the next round of bills. He cashes the check and puts it away until the first of the month. We buy everything monthly as well. Gas, staple groceries, and weekly "throw" or as you put it blow money goes into an envelope labeled week 1-4 with one of our names on it to help over the month.
Thanks
Simply cannot believe anyone would give you a thumbs down. They need to get a life.
I think I would literally fall over if my electric was only 80 bucks a month
Me too
Saaame
There’s lots you can do to lower it. Big ones are things like hang dry rather than tumble dry your clothes, use fans rather than air con unless it gets really really hot, etc. Google suggestions if you want to lower your bill. Most things you won’t even miss after a year or so.
@@entomember We do all that already. Belgium has no airconditioning in houses. We only tumble dry the white load, and we are frugal on our electric usage. Still it's between €100 & €200 a month, and that is the "low" option, for the disabled (so a "social" tariff). And they are trying to get us off of nuclear power here (old plants), making it all even more expensive. They are nuts but no one has the guts to build new nuclear plants and sink the "no nuclear" plan. Most of all because we simply have *no* alternatives.
@@entomember a lot of us already do those things and still pay very high rates, partly based on our locations. It comes back to per unit price as well as utility company (or in my case city) fees.
My problem is that my income fluctuates. But since your template automatically calculates overages etc, it might work for me. Thanks, Christine!
I live in Southern California… Your video really made me think, maybe living somewhere else would be a lot better! Do you have any videos on comparing cost of living and how to decide if I move would be in a family’s best interest?
Thank you for sharing, i used a long time before i used a budget... But now i have 6 payments til i am debt free. After that we will by a house
You can do it!
Love the video and budget sheet. Will you be going over the sinking fund tab on the budget sheet?
That's the plan!
This is awesome. I have trying to find a good spreadsheet for my money. My husband is very visual. Just be careful paying bills online...I may have accidentally paid $5k on a loan instead of $500...talk about a shock!!
Watching your new channel eating YOUR banana bread! All things Christine here in Colorado 🙃
Yay! Thank you!
Best banana bread EVER
My husband and I are full on gazelle mode and on track to pay off our last debt of 22,000 this year!! I follow your budget meals to a T and that helps us save A TON of money. I'd love to see videos for more ways to lower basic living expenses (power, propane, insurance, etc)
Please please please give us one for weekly!
do you have budget planner ideas for college students who don’t have mortgages/kids/retirement funds but want to keep an eye on their spending?
I’m not sure it’s even worth tracking but wondered what you thought!
Hi! What do you do for misc. life spending your and hubby’s spending and etc.? TiA Cindee Parker
Tha is for sharing the doc. Easy plan to follow. Where do you indicate what the actual expense was?
I change the # right there when I know exactly what it is. It makes the following month very easy
As someone who lives in California if YOU think your house is worth a million I'd say it's probably work a lot more than that. Here a 400k house will be in a pretty bad part of town and probably a 2 or 3 bedroom and 1 bathroom House.
Hey Christine! I’ve tried to access your free download but it is saying I need to make a request. How do I access it? Thank you! Also I love your videos they have been so helpful
I so wish I could get my husband to incorporate this mindset. So frustrating that it sounds to him that I'm just being a "b"
Love this, need to start doing it again! Did it for a little while and then quit… I wish I was more interested in this stuff! Your budget spreadsheet is very similar to a software I was using called Ynab or “you need a budget”. Have you heard of that? Is there a budgeting software you would recommend? I am not an Excel spreadsheet person at all so the easier the better! XO
My husband and I use Mint. It links to all of our cards/accounts and is super easy to use!
Christine. I have one that is set up for weekly pay periods. I am willing to share with you if you want it.
Ur template is not quite blank 😉 i will never understand why the USA pays twice monthly, especially on fix income salaries .. we get paid once a month, at the end of the month, and all bills are also due at the end of the month .. so much simpler to manage 🤑 i use a similar yearly lay out 👍 i love budgeting 🥰
I was playing with #'s for another video. ;)
How you go about budgeting for a bill that is quarterly?
Any tips on budgeting and paying off debt when you have no idea how much money is going to be coming in? My hubby is self employed so his pay can widely vary. I’m terrified of taking our account way low each month so debt pay off is going very slowly.
I have been trying to get my daughter to do a budget like you have here. What do you think about budgets for bi-weekly paychecks? That is their situation. That pay schedule gives them an extra paycheck every 6 months (if I did the match correctly). So, technically, your system could work for them except for when the paychecks come during the month. Can you do a video on how to handle this situation? I'm relatively sure you advice will be quite similar to what I have been telling them but coming from someone else would be helpful. Love bother your channels and Dave's.
In that situation I think the extra 2 paychecks a year are perfect for paying down debt and large savings goals
Budget is a 6 letter word. I can count! :) Proud?
Watching this video caused me anxiety. Need to budget better. I’m now a single income family, since my ex is inconsistent with child support.
This sounds a lot like ynab, but free!