has budgeting made me boring?! 💸 the *TRUTH* about saving more money & paying off debt
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- Опубліковано 9 чер 2024
- thanks for watching ✨ this Sunday Chat is looong overdue! We are chatting about my budgeting journey from lifestyle creep and living paycheque to paycheque to now feeling secure and confident. The question is, did I become boring along the way?
Hope you enjoy this video! xx
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do you worry that budgeting has or will make you boring??
I feel like budgeting has just made me more accountable to myself and my goals, and not so hung up on others' opinions. Maybe that *does* come across as boring to others... but who cares! I think the joy in getting a better handle on your finances is removing that overwhelming stressor that so many people would rather look the other way and ignore in the spirit of instant gratification.
Such a great video!!
I also went through similar journey, spent until I was into my 30s. I feel like budgeting does make you look "boring", but it is a better financial outlook.
Boring.....is when you complain about not having money to pay bills.....you are on your way to a stress free life.....when everyone else will be complaining you will be at Peace ❤
love this!!
Budgeting reasonably and realistically has enriched my life. However, I recall a time when I took it too far it and it made me miserable. Prior to the COVID restrictions I watched a lot of Graham Stephen content and was living with a strong scarcity mindset, so I said no to so many things with friends so I could pick up extra serving shifts and hardly treated myself to anything fun. I remember feeling immense regret at how I'd spent my 20s so far when the restrictions began. Then I decided to play a game of "how little can I spend?" since I had even fewer opportunities to spend money during the pandemic. Guess what that did? It made me even more depressed! I've loosened the purse strings a little and have accepted that I will not go into financial ruin if I celebrate my efforts every once in a while. It's still a work-in-progress for me, but life isn't so boring anymore!
Budgeting has given me freedom. It's been a long and hard journey but I'm finally saving for a down payment for a house and saving for a wedding. I'm so thankful for sticking it out when I wanted to just give up. I keep having to remind myself I'm living the life I dreamed of back when I was 20.
My friend said to me the other day, "not everyone loves to look at numbers and money all the time" and that was in reference to me talking about my budgeting and where my money is going. I began creating a stricter budget where everything is allocated (investing, retirement, savings, gas, etc.) except for $30, which is personal money. I do not spend money on personal things often, but I find it to be an important aspect of the journey. I do not think budgeting has made me boring, mainly because I have a friend group that understands how much I care about a budget and we find ways to hang out and stuff to do that doesn't require a lot of money. For example, we went out to eat last week to a restaurant, which is not really "money efficient" when compared to being able to making food at home, but I value the experience and that's where the "personal" money from the budget takes place. It is a "low" amount, which can be saved up from week to week if you plan to do something larger.
One last thought on budgeting, the hardest concept that I still have a hard time grasping is sometimes you just need time... I graduated college last May and have a job in accounting and my main goal is to build up my investing portfolio and to pay off student loans. I have been sticking to a budget and never go against it, and I have a time frame to when I will pay off my student loans, but I have done everything I can do right now, and it will just take time from working to reach this goal.
Love this topic so much! I feel very much the same - budgeting is easier and actually feels fun now because it aligns with my values and preferences more. I value simplicity and stability so much more, so it doesn't feel like deprivation to not order UberEats, it feels like a joy to get to cook new and interesting meals for myself. I truly believe that budgeting is one of the best forms of self-care 💖This mindset shift has made budgeting feel like way less of a grind and way more fun!
I started budgeting with cash envelopes 4 weeks ago and I love it. I am having so much fun. My only regret is that I did not start when I was younger. It makes me want to save . It makes me feel free to know I am working towards financial security.
Great point Zoe! Sometimes following a budget doesn’t seam exciting when I’m saying no to things I want, BUT the peace of mind I have paying my bills on time & seeing progress w/ my finances each month is so worth the trade off!
agreeee! 🩷
As a spender i know that addiction to the highs of spending and having a good time. The lows make you greedy for the highs which keeps you in that perpetual cycle. Watching you makes me feel like I have a friend who’s in this savings journey with me.
Budgeting has been a LIFE changer (and you have helped me so much along the way.) I don't think it makes you boring, if being more control of your life is boring then oh well! The right people will be supportive and encourage you on your journey instead of trying to change you. On that note, budgeting can also make things exciting. You can see a goal panning out and you can get a sense of accomplishment and build so much confidence when your finances are coming together. It is so freeing!
Well said Zoe! Being on top of your finances & budgeting definitely doesn't make anyone boring. Building a secure life is more important ✨️
As someone who is in so much debt that I’m trying to pay off, I LOVE BUDGETING. I feel so much more secure in my day to day. I found my love for cooking and grocery shopping, reading in bed at night and planning/curating trips all within a budget. So less stressed out even though I have so much more to go. And there is so many fun free/inexpensive things to do like going to the beach, walks, parks, going for a coffee (cuz you can now that you’ve budgeted!) etc. 💞
Zoe, you are NOT boring! You are a fellow young woman who is striving to improve her life in the ways that suit HER. You're awesome! ❤
Your channel feels honest and authentic especially when watching your growth!! Feel like the biggest sign of doing okay in adulthood is embracing boring and mundane. Boring = secure, peaceful, choice whereas exciting = stress, chaos. In adulthood you want mostly boring with a little excitement sprinkled here and there! ❤️
I feel like for me, budgeting is empowering. Before I started budgeting I always wondered where my money went and I wasn’t that great at saving. Now I save majority of my income and spend pretty freely because I know the important things are taken care of. Budgeting doesn’t always have to be restrictive. I love to travel so I budget a lot for that 😂 it’s important to save for the future but we also have to live the life we have now💕
« I actually had so much more fun knowing my limits » that hit hard.
I love budgeting content, since ive been doing it myself for 4 years from finding it on UA-cam and watching other peoples budgeting journeys is super interesting. I found you from your budgeting content (that's my favourite content you put out) and now I watch all your videos!
I experience the same with my college friends. I was the only one in my friend group that needed to take out student loans and I was the only one who had a job the first three years of school. I was so jealous that I didn’t come from money and needed to work for my spending money unlike them but that’s not healthy and I know that now. I wish I knew how to budget when I was younger but I’m grateful I have the skills now!
Definitely not just to save 25 cents! I finally purchased my first batch of envelopes in January and I have saved $2,200 towards my vacation and spending money as well as savings.
You’re not boring at all. I LOVE your budgeting videos so much! They really inspire me to do better with my own budget and to pay my student loans down faster. I think I’ll be finished paying them off some time next year 🎉 Your videos also inspired me to purchase a budgeting template and Omg, that thing is EYE OPENING.
ahh thank you!! i love this comment, you are doing amazing 🩷
I've been following you for a few years. I really enjoyed this video and I am in awe of all the growth you've made. Thanks so much for talking about this, as it helps me realize I need to reel back my expenses but couldn't pinpoint why.
You have matured and grown so much with your mindset about life and money. and I'm so happy for you❤
thank you!!
Definitely don’t find you boring! You’re so real ❤️ you should have a podcast, you’re great at the longer form content 🙂 ❤
I’m so glad I found this channel again, I love your videos 😭 they’re so helpful especially now that I’m in college and thinking about my finances
aw yay 🫶🏼🫶🏼
I felt "boring" too after budgeting as I didn't really go out as much anymore or hang out with the people I used to because all they did was spend money and keep up with the Joneses. But I'm also 35 and I feel like I'm old enough to not care about that anymore. I'm more focused on retirement. But I applaud you for being so young and being so smart about your money. I was definitely NOT like that at your age. I was totally trying to keep up with the Joneses (also lived in L.A. so it didn't help) up until like two years ago!
I LOVE cash stuffing, and also find it really fun. The fact that it gives me a feeling of stability and security (after almost 2 decades of financial abuse) is honestly kind of a bonus? I am someone who is very happy when I know what to expect and when things are not chaotic. Cash stuffing and budgeting are just one piece of my peace.
I may be a slow learner, but it took me a long time to even realize what security was. I absolutely love stability. LOVE. I am late to the party (41…how did that happen?) but getting my debt paid off and my safety net built up and in a stable relationship is the most fun I’ve ever had. 😊
amaaaaazing!! love this 🫶🏼🩷 congrats!
You are not boring Zoe! I'm a new follower! I came across your budgeting video on accident and followed instantly🎉 Also purchased the budgeting template because of your budgeting videos!🎉
THISSS! The cactus story is my life 😂 YOLO then buckle down … buckle down n balance life will keep you happy in the long run. Great video Zoe! ❤
Quite the opposite--- seeing all the methods you try to keep your finances under control is super interesting to me! You deserve the takeout coffee as a treat--- we need to live!
You are growing right before our eyes ❤ so proud!
Giiiiirl you are wise beyond your years. I wish I was on that journey in my 20s too but alas, it took me til my 30s to get there.
I'd rather be boring and lose friends than stay in debt and accumulate more date or delay paying off date by spending money in restaurants, clubs, parties, activities with friends etc.
They won't help me pay my debt, I'll be paying it all on my own after partying the night away hahaha. So no thanks
We will party and enjoy life when i am debt free.
Love this and agree with everything said, I can relate so much thank you for sharing your journey ❤️
Love this topic - did you try to recommend lower cost activities with that friend group and it didn't go over well? That's definitely something I've tried to pivot to with some friends with some success
We are throwing every available cent into our mortgage, we just want to be debt-free. I have noticed that I don't want to spend money anywhere we don't have to which means we don't really go out anywhere. We should be mortgage-free this year so it doesn't feel like forever but life definitely feels a bit boring lately.
GREAT video! Agree 100% with you Zoe❤
yeah it's the same with people on body builder diets, food is such a social component in our lives. eating is like 30% more expensive than it was a few years ago so it's become such a major cost. i think as a whole all of canada is eat out way less now because of that and uber eats is like 30% surcharges these days its not what it used to be
boring is relative! stability allows for more fun because you're not stressing and don't have extremes of spending all this money just to worry about it later
loved this new subscriber
Zoe its impressive how I can relate with everything you said. Sometimes I think about being more boring than before but right now I realize that I’m just different.
I think sometimes we forgot that as the time goes we start to be more mature and to wish a more simple lifestyle.
And, Maggie >>>>>>>> drinks😂
Loved it! ❤
i so agree! and maggie’s booty shake is all the club action i need these days 😂😂
I love your content
I’d rather budget and be more frugal so I can strive to work less in the near future, rather than stay trapped working forever and not use my time to work towards my true passion. That is far from boring.
Thank you 😊
Budgeting has be fun 🎉
Excitement with money = I'm $1,000 short. So I'll use a credit card, and borrow from a friend, and get a payday loan.
It's better to be boring with money... Just save and Invest. 👍
i agree with u 100%!
I always get the feeling people in my friend groups look at me weird for being more strict with my spending. I do not in fact need this useless tech i wont use often, or a game that doesnt keep my attention just so i can play online with you all. Theres free ways to spend time even if we are long distance friends.... Respect my time and money first, dont judge me for wanting to be secure.
You have to learn to enjoy it. When I know I saved X amount or made X amount it gets me excited
Budgeting and restricted spending can / does reduce your life (depending on where you live) but I'd rather be out of debt and leading a slightly quieter life than living off credit.
Wish we could be besties 😂 loved this video!
internet besties 🫶🏼🫶🏼
Zoe your step-cousin here…This video inspired me! Your honesty and candor is chef’s kiss 🤌🏾
CANADIAN CONTENT!!!! 🇨🇦
I’ve always been boring, so nope.
You also become "boring" just by getting older. Things that used to be fun and exciting become less so as you get older (heavy drinking, clubs, etc).
hahaha agree 😂
No, you have been largely boring the whole time. Nothing wrong with that, of course. I believe I lead a boring and happy life.
Nah
I'd rather be boring than broke :).
It makes you smart and smart is sexy. So no.
So poor people must be boring? Haha I know people that spending like money grows on trees and they’re the most boring souls I know.
18:28 on would make such a good Instagram reel so we can save it and rewatch when we need that reminder of our why🙌🏼🥹 it feels so empowering to think of how our sacrifices will pay off someday
ahhh i love that!! i will make one 🥰
@@ZoePritchard Thank u!!