Love it!! Thanks for being so transparent. I'm still confused as to what sinking funds are LOL. i think my brain just doesn't want to work right now haha. Imma ask Alexa! lol
Sinking funds are basically setting aside little bits of money every month for an upcoming large purchase which can be anything from a vacation, car tires, deductibles etc. Let's say you know you need new car tires for winter- instead of stressing about the $1,000 when you buy them, try putting aside $100/month and it won't be as stressful!
I stumbled upon your channel a few days ago and let me just say that I’m hooked with your videos 🥰 Love watching finances videos and how people budget their money!😊
Thank so much for sharing all this!!! It’s super helpful and appreciated that you’re willing to share with everyone!! Hope you guys are having a magical time! Congrats on 50k ❤️
This is so strange Carter, but I especially love the colouring of your footage in this video, maybe it's the hair refresh but I'm getting some clean retro vibes. And of course, the content is top notch as per usual. Just love it when you get chatty as I need everything properly broken down too - including information about your finances apparently. hehe. No seriously though, love this and love your 'extra' finance videos! xx
@@CarterSullivan after years I still cannot color grade my footage and just change it up too much so clearly need a tutorial from you there, however, related to UA-cam, in your last reset (or maybe the one before that!) you went more in-depth on closing out for the month on your business side. As a teeny-tiny UA-camr, those videos are so helpful too, but if you'd be able to chat about actually setting things up sometime it would be amazing. It's a big thing to navigate when you make about a fiver a month lol, but still would like to start putting things in place like a business bank account (most I've found charge at least a fiver so that's the income gone lol), expenses, equipment and things little people like me haven't thought of as we're starting out ;) etc. Anyway, no need to reply, I know you're busy - but this is information I'm forever trying to piece together from across your videos myself, so just some thoughts hehe xx
When I moved to Canada it was so crazy to me that you have to pay a fee to have a basic chequing account because that's not something we have in the UK! That's how I discovered Neo and I love it. Thanks for sharing your money set-up. I'm the same, I love having different places for different savings, etc!
Wow so interesting to see how other countries do it! I also agree, I don't think they should charge for basic chequings account... you kinda need one to live!
hi I'm new here and just wanted to say that I love your content! I also bank through RBC and it's interesting to hear about all the different account options including credit cards. looking forward to more videos :)
First off, loved the video! Do you have any advice on where to start if you just have a checking and savings account through a general bank, but want to get better with your finances, set-up in general and organizing? I guess just a general place to start and where to go from there. Thanks!!
Honestly just educate yourself on other banks/accounts! Alot is trial and error and finding what works for you. Some "online" banks offer super high savings interest but to me I'd rather have my money in abit of a lower interest bank account and have access to it immediately! I would make a plan of the goals you want to accomplish short & long term and then set up accounts accordingly! Ex. Paying off debt, certain savings goals or investing
Love the idea of breaking up accounts. It makes it so much easier to not touch savings accounts , you can just forgot that it’s there until you need it .
I think ultimately yes but depends on the person! I know I'll use my Christmas present sinking funds in December however my pet emergency one I hope I don't have to use it/it doesn't have a timeline to use!
Please watch the video all the way through! I talked about all my investment forms! I did also have an RRSP which I pulled for buying our home w/ the first time home buyers incentive!
I don't know where you live but $1100 bi weekly would be fantastic. I make only $450 biweekly (small town, crappy jobs) and that's with a B.S in Healthcare Management ( I can't even get a part time receptionist job in the area I live). So I'm doing all this research on multiple income streams and setting up my youtube channel. I found your video when I searched for bank accounts and income streams because I plan to have different accounts, one for my job and one just for those multiple income streams that I hope will pay off. Thanks for the video!
I live in Ontario, Canada. Keep in mind that's only part time- I work 3 days/week and make $1100 biweekly. If I was working fulltime it would be closer to $1600-1800/biweekly. Hope you enjoy my content. Feel free to DM me on IG if you have any questions!
Hey! Carter I really love your content so so much and your vlogs are so so amazing you’re looking too adorable and I wish you reach 60K Subscribers very very soon!💕🥺🙈
Loved this! Can you do a “If I knew then, what I know now” kind of financial video? Like a start to current on your finance journey! That’d be cool 💚
I love when you post videos like this! I learn so much from how you put your money away and how you spend it. It’s so useful. Keep it up!💚
You should be proud of how well you’re doing financially! Such an inspiration
AW this comment made me tear up, thank you so much!
Love your finance content and how raw it is! So relatable, thank you 💰
You are so welcome!
Love it!! Thanks for being so transparent. I'm still confused as to what sinking funds are LOL. i think my brain just doesn't want to work right now haha. Imma ask Alexa! lol
Sinking funds are basically setting aside little bits of money every month for an upcoming large purchase which can be anything from a vacation, car tires, deductibles etc. Let's say you know you need new car tires for winter- instead of stressing about the $1,000 when you buy them, try putting aside $100/month and it won't be as stressful!
@@CarterSullivan Oh wow! That makes a lot of sense. I appreciate you explaining this to me!!
Appreciate you sharing how you organizes your finances. It was super helpful, especially on the content creation business side ✨
So glad to hear it!
thank you for this!! ive been trying to split bank accounts for bills and what not
You're so welcome!
I stumbled upon your channel a few days ago and let me just say that I’m hooked with your videos 🥰
Love watching finances videos and how people budget their money!😊
Aw thank you so much🥺🤍
Thank so much for sharing all this!!! It’s super helpful and appreciated that you’re willing to share with everyone!! Hope you guys are having a magical time! Congrats on 50k ❤️
You're so welcome!!! ♥️
Sinking funds are such a great idea! I especially like the Home Fund you mention, always good to set aside cash for a potential housing need.
Yep!!!! Its been a life saver for us since we are constantly upgrading things around the house as we slowly renovate!
This is so strange Carter, but I especially love the colouring of your footage in this video, maybe it's the hair refresh but I'm getting some clean retro vibes. And of course, the content is top notch as per usual. Just love it when you get chatty as I need everything properly broken down too - including information about your finances apparently. hehe. No seriously though, love this and love your 'extra' finance videos! xx
Aw thank you!! It's the same colour filter I use on all my videos but glad you noticed it!!! 🥰
@@CarterSullivan after years I still cannot color grade my footage and just change it up too much so clearly need a tutorial from you there, however, related to UA-cam, in your last reset (or maybe the one before that!) you went more in-depth on closing out for the month on your business side. As a teeny-tiny UA-camr, those videos are so helpful too, but if you'd be able to chat about actually setting things up sometime it would be amazing. It's a big thing to navigate when you make about a fiver a month lol, but still would like to start putting things in place like a business bank account (most I've found charge at least a fiver so that's the income gone lol), expenses, equipment and things little people like me haven't thought of as we're starting out ;) etc.
Anyway, no need to reply, I know you're busy - but this is information I'm forever trying to piece together from across your videos myself, so just some thoughts hehe xx
When I moved to Canada it was so crazy to me that you have to pay a fee to have a basic chequing account because that's not something we have in the UK! That's how I discovered Neo and I love it.
Thanks for sharing your money set-up. I'm the same, I love having different places for different savings, etc!
Wow so interesting to see how other countries do it! I also agree, I don't think they should charge for basic chequings account... you kinda need one to live!
hi I'm new here and just wanted to say that I love your content! I also bank through RBC and it's interesting to hear about all the different account options including credit cards. looking forward to more videos :)
Well first of all WELCOME!!!! Glad you enjoyed the video!!!
First off, loved the video! Do you have any advice on where to start if you just have a checking and savings account through a general bank, but want to get better with your finances, set-up in general and organizing? I guess just a general place to start and where to go from there. Thanks!!
Honestly just educate yourself on other banks/accounts! Alot is trial and error and finding what works for you. Some "online" banks offer super high savings interest but to me I'd rather have my money in abit of a lower interest bank account and have access to it immediately! I would make a plan of the goals you want to accomplish short & long term and then set up accounts accordingly! Ex. Paying off debt, certain savings goals or investing
Loved this! Congrats on 50k Carter!!
Thank you!! ♥️
I love this!
YAY!
Congratulations on 50k subs 🥳🥳🥳🥳🥳
Thank you!! ♥️
Did you need to have a good credit score to get approved for the different credit cards?
Yes credit scores are super important for getting approved! Mine is in the high 750s 😊
Love the idea of breaking up accounts. It makes it so much easier to not touch savings accounts , you can just forgot that it’s there until you need it .
Yes it works really well for me!!
Ally let’s you do buckets and separates it out in the app even though it’s all in one account. I absolutely love it.
Yes that's great for fellow Americans! Sadly not in Canada 🥲
Maybe one day :(
I always look fwd to your updates. 💕✨
Aw thank you!!
@@CarterSullivan yw! 💕✨
congrats on 50K 🥳
Hi do u sell your excel sheet
This is not my spreadsheet. It's linked in the description please look there!
Is a sinking fund something you save for but inevitably have to use ?
I think ultimately yes but depends on the person! I know I'll use my Christmas present sinking funds in December however my pet emergency one I hope I don't have to use it/it doesn't have a timeline to use!
Loved the video! Thank you so much! You are such an inspiration!!! 🥰
🥰🥰🥰
Do you have a personal tfsa, rrsp, or other types of investments?
Please watch the video all the way through! I talked about all my investment forms! I did also have an RRSP which I pulled for buying our home w/ the first time home buyers incentive!
Happy 50k 🎉🎉🎉
Thanks Michelle!!! ♥️
I don't know where you live but $1100 bi weekly would be fantastic. I make only $450 biweekly (small town, crappy jobs) and that's with a B.S in Healthcare Management ( I can't even get a part time receptionist job in the area I live). So I'm doing all this research on multiple income streams and setting up my youtube channel. I found your video when I searched for bank accounts and income streams because I plan to have different accounts, one for my job and one just for those multiple income streams that I hope will pay off. Thanks for the video!
I live in Ontario, Canada. Keep in mind that's only part time- I work 3 days/week and make $1100 biweekly. If I was working fulltime it would be closer to $1600-1800/biweekly. Hope you enjoy my content. Feel free to DM me on IG if you have any questions!
Hey! Carter I really love your content so so much and your vlogs are so so amazing you’re looking too adorable and I wish you reach 60K Subscribers very very soon!💕🥺🙈
♥️♥️♥️
can you review chime bank? Please
It's not available in Canada so I can't sorry!
Love your videos :)
Thank you!! ♥️