The budget formatting looks good. I think it gets the job done for what you need. Around the 3:10 mark, you started to talk about concerns of going over a category. I have an average column that is next to each category that looks at the entire year. I use this as a guage during the year and for planning on next years budget. Might be worth adding.
Definitely is! But we live in the mountains and I work in a hospital so I have to leave the house in any condition. Snow tires give me extra peace of mind and are a lot cheaper than crashing my car
@ you’re taking what I said as something hostile, I was just noting that it’s a good idea to use snow tires I was just mistaken I thought you had a Prius, I opt for all season tires but those are usually pretty pricey thankfully my new car came with all season tires already or else I would be changing them to all seasons as well (even tho my Camry has awd like you said much better then crashing)
I’m curious sorry this kinda gonna be a long question I previously mentioned how I bought a new Camry etc etc I’m 22 my car insurance is the only true issue I’m having bc it’s so expensive previously was paying 758 a month they raised me to 808 but if I pay in full I’ll save 300 dollars like 300 cheaper from 758 a month basically my question regards to the fact that to pay the premium it’s about 4400 I have 4500 in checking 1k in savings the payment would be due December 4th I won’t get paid till December 6th so basically I’ll only have “100 dollars” but currently think if I grind door dash I’ll be okay, I have an 800 dollar car payment I do every time this way I can pay my loan off faster that would be December 19th and then I also wanna finish my Roth IRA I need to invest 2600 into it overall do you think it’s in my best interest to pay the car insurance in full or pay it by month even tho it’ll be a little more expensive
Are you in the states? Do you have tickets or accidents on your record? 800 is a lot per month on car insurance- I would start by shopping around. If you can take advantage of safe driving discounts that would be beneficial too. I know this isn’t the case for every one, but do you have family that you can bundle your car insurance with to save money, and pay them your share? I’m a fan of having emergency savings, and if you spend the 4400 now will you save it again for the next time? I would say keep paying the more expensive monthly premium and try to save an additional 4400 in the next 6 months to pay the discounted rate then- or change insurances… your car insurance will also go down at 25 if you’re in the USA. My biggest worry is you would spend the money now, not have a monthly bill and not work as hard to keep saving the money for the next expense and then be screwed then and have no emergency savings- but you know yourself. If you’re able to replenish the savings, and save for the next 6 month payment it would be good to save the money!
@ thank you for the insight and an actual thought out response I’m gonna take what you said into consideration, yes I’m in New York and believe it or not I recently did shop around I even called the an insurance broker one of my friends recommend me and they said they can’t really do much bc I have only had my car insurance for 6 months and no I don’t really have much family, my mom and dad are already on a plan but they have to many cars to add me to there plan, so I am technically on a plan with my mom, I also checked other places and it seems like I have a decent rate (according to them) I can’t really do much better unless like you said I did a defensive driving course which I may look into doing as well here soon, my thought process right now is get the one bill out of the way for 6months so I can more so focus on the car payment and replenishing my savings, but if I have to be clear to me right now the most important thing is that I invest the 2600 into my Roth IRA to finish it for the year (sorry for the large texts I genuinely don’t have many people to talk to about stuff like this irl so I been brainstorming more and more in UA-cam comments lol)
@@sandraonabudget sorry forgot to add as well no accidents and a stop sign ticket and a no inspection ticket but every insurance company I spoke to says they don’t really affect the rate as much and one of them goes away in march
One piece of advice, for your emergency savings, I recommend buying US Treasury ETF's instead of just cash because those pay you dividends. So if your goal to to have a 10k emergency savings, I recommend 8k in Treasury ETF and 2k in just cash.
But remember to choose the most liquidy option, as liquidity is a must in the emergency fund. You never know when an emergency will pop up and never know how much it's gonna be
The budget formatting looks good. I think it gets the job done for what you need.
Around the 3:10 mark, you started to talk about concerns of going over a category. I have an average column that is next to each category that looks at the entire year. I use this as a guage during the year and for planning on next years budget. Might be worth adding.
Love that idea! I've only been able to have a predictable income for a few months so that will be really helpful looking forward. Thanks!
Lets gooooo 🎉
* GOOD RESET *
Great stuff!!
Snow tires very smart for the Prius
Oh it’s even worse honey, I drive a Subaru ❤️
@ Subaru awd no ? Should be even safer tbh
Definitely is! But we live in the mountains and I work in a hospital so I have to leave the house in any condition. Snow tires give me extra peace of mind and are a lot cheaper than crashing my car
@ you’re taking what I said as something hostile, I was just noting that it’s a good idea to use snow tires I was just mistaken I thought you had a Prius, I opt for all season tires but those are usually pretty pricey thankfully my new car came with all season tires already or else I would be changing them to all seasons as well (even tho my Camry has awd like you said much better then crashing)
@benalfano1469 hey you’re right. I’m sorry- Thanks for not being part of the 99% of the internet that’s mean
🔥
I’m curious sorry this kinda gonna be a long question I previously mentioned how I bought a new Camry etc etc I’m 22 my car insurance is the only true issue I’m having bc it’s so expensive previously was paying 758 a month they raised me to 808 but if I pay in full I’ll save 300 dollars like 300 cheaper from 758 a month basically my question regards to the fact that to pay the premium it’s about 4400 I have 4500 in checking 1k in savings the payment would be due December 4th I won’t get paid till December 6th so basically I’ll only have “100 dollars” but currently think if I grind door dash I’ll be okay, I have an 800 dollar car payment I do every time this way I can pay my loan off faster that would be December 19th and then I also wanna finish my Roth IRA I need to invest 2600 into it overall do you think it’s in my best interest to pay the car insurance in full or pay it by month even tho it’ll be a little more expensive
Are you in the states? Do you have tickets or accidents on your record? 800 is a lot per month on car insurance- I would start by shopping around. If you can take advantage of safe driving discounts that would be beneficial too. I know this isn’t the case for every one, but do you have family that you can bundle your car insurance with to save money, and pay them your share?
I’m a fan of having emergency savings, and if you spend the 4400 now will you save it again for the next time? I would say keep paying the more expensive monthly premium and try to save an additional 4400 in the next 6 months to pay the discounted rate then- or change insurances… your car insurance will also go down at 25 if you’re in the USA. My biggest worry is you would spend the money now, not have a monthly bill and not work as hard to keep saving the money for the next expense and then be screwed then and have no emergency savings- but you know yourself. If you’re able to replenish the savings, and save for the next 6 month payment it would be good to save the money!
@ thank you for the insight and an actual thought out response I’m gonna take what you said into consideration, yes I’m in New York and believe it or not I recently did shop around I even called the an insurance broker one of my friends recommend me and they said they can’t really do much bc I have only had my car insurance for 6 months and no I don’t really have much family, my mom and dad are already on a plan but they have to many cars to add me to there plan, so I am technically on a plan with my mom, I also checked other places and it seems like I have a decent rate (according to them) I can’t really do much better unless like you said I did a defensive driving course which I may look into doing as well here soon, my thought process right now is get the one bill out of the way for 6months so I can more so focus on the car payment and replenishing my savings, but if I have to be clear to me right now the most important thing is that I invest the 2600 into my Roth IRA to finish it for the year (sorry for the large texts I genuinely don’t have many people to talk to about stuff like this irl so I been brainstorming more and more in UA-cam comments lol)
@@sandraonabudget sorry forgot to add as well no accidents and a stop sign ticket and a no inspection ticket but every insurance company I spoke to says they don’t really affect the rate as much and one of them goes away in march
Ugh east coast insurance prices suck. Sounds like you have your head screwed on straight!
She’s absolutely beautiful.
That’s what you took from this?
@ May I explain what I’ve learned from this video through instagram?
No ❤️
@ worth a try. 🤷
One piece of advice, for your emergency savings, I recommend buying US Treasury ETF's instead of just cash because those pay you dividends. So if your goal to to have a 10k emergency savings, I recommend 8k in Treasury ETF and 2k in just cash.
But remember to choose the most liquidy option, as liquidity is a must in the emergency fund. You never know when an emergency will pop up and never know how much it's gonna be