HOW WE BUDGET FOR FAMILY OF 6 | PAYING OFF DEBT & MAKING EXTRA MONEY
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- Опубліковано 7 сер 2024
- I wanted to be transparent and share with you what our budget looks like for a big family, living on a middle-class income. We live on one income, and we are paying off debt and trying to live frugal, but also be able to enjoy life as well. Today I'm sharing with your how we budget every week and how we take care of our finances as a family on one income. We have side hustles to bring in extra money, as well as ways we cut back so we can pay off debt.
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/ jaimiekight
I hope you guys enjoy this video! I want to start making more videos on budgeting tips, how we save money, etc. Is that something you guys would like to see more of?
Would love to see more budgeting videos! Would love to see you break down your grocery budget. Congrats on your new home!
I'd love to hear more about how you guys saved for a deposit for buying your first home. We plan to buy next year, but it's super hard saving!!
Yes!
YES.
Yes!
Your eyes with that sweater! 😍 I love Jordan Page too, and have learned so much from her. A game changer for us has been an “allowance” for my husband and I. Each pay check, we each get some spending money. It’s the money that is ours individually, and we don’t have to get the others’ approval, whether we want to spend it on coffees out, clothes, trips to the gym, etc. It really is freeing 😊
yesss!!! that feels so freeing!!
so happy to see you doing videos again!! love the diff videos like this as well!!
Ashley Jerrett thank you so much Ashley! And thank you for taking time out of your day to watch!! Xoxo
I would love to see what your budget is for homeschooling, curriculum, co ops, etc. ❤️😊
I love your content girlie. Always uplifting and reminding me of things I seem to forget. God is good always.
Omgoshh I just came across your video! I love your personality, tips and message. Can’t wait for more videos. I needed to hear this. We are closing on our house in a few weeks so I’m trying not to worry. Stay faithful and do not worry for his love endures forever. Thanks 😘❤️
I love this so much girl!!!!! I’d love to see more videos of what to expect when buying a house or something on the lines of that! We’re planning on buying next year and I need wisdom haha! Love you girl!!
Great video! I *have* been curious on how you budget for your family of six, so this was really helpful. If you could do a grocery video, that would be amazing! Like a haul, savings tips, meal ideas that really stretch a dollar, etc.
I love that y'all have side hustles. That's so inspiring! God always provides! 🙌💖
A Beautiful Horizon thank you Juli!! Xoxoxoxo
100% feel ya on this! We all have those little things that make it easier to live on a budget. I love Jordan Page too!! She helped me so much a couple years ago. We did't have debt but I need better, easier ways for budgeting.
Loved this! 💕💕
We live on one income also and sometimes it seems so hard to figure out how to get to the end of the month but just like you said God always provides and we are able to see His blessings! I love looking back on times where He provided and it was clear that only He could provide in that way!
Can’t wait to see more videos! 💕
Anna Oleary thank you so much Anna! I always look forward to your face in my comments :) xoxo
Having a budget is so helpful and it feels so good to be working towards being debt free. We are trying to pay off our mortgage in the next few years before my husband retires from the military. Having some “fun money” in your budget is nice so like you said you can enjoy life. 😊🙌
Girl, that is AWESOME!!!!!!!!!
such a real person ,love it
I really enjoyed this video. I love how thoughtful you are about budgeting.
Absolutely LOVED this video! I would love to see more videos like this. :)
I adore these videos where you're just a real person and the best friend that I always wanted! Thats lame but seriously sometimes mamas sanity costs $4 at Starbucks!! Thanks for being you!
Twin Mommy Life girl yessssssss! Sanity does have a price tag sometimes!!! Lololol
Keep at it! We went through the Dave Ramsey class in 2008. I’m 33 and have a family of 5 and I’m also a stay at home mom. Once you get the car payment and personal debt paid off you’re going to feel like a whole new woman!!! I was hoping you’d give specific numbers for your grocery budget. I read Jordan page and she recommended $100 a month per person so we spend about $500 a month, but I don’t have any way of knowing if that’s a good amount or if I should try to cut it back. We also shop at Aldi and do Walmart grocery pickup. 😊♥️ I highly recommend the every dollar app if you don’t already have a budgeting app.
& it’s ALWAYS a struggle between live now versus save for later!!!
Craigand Amber yes!!! We do about $100 per person for groceries as well!
We are not debt free either. We are getting out though!! I’m with you. The more we talk about it the more we can support each other. Thank you for the video!! 💕
Thanks for being so real and authentic, Jaimie!
A Common Life thank you so much for watching!! You inspire me sister!!
Great video, girl!! I love talking budget stuff. I’m such a Dave Ramsey fan. My husband and I went thru FPU about 13 years ago it was such a game changer. We take money out every Thursday for groceries/eating out and gas. We found Thursday to be such a great day to do it because it always seems to come up faster than like a Friday or Saturday. 🤣 And yes...you can totally get by for 7 days!! So much better than thinking, “ok...I just gotta make it 20 more days!” LOL
Patti Kennedy love this!!!! You guys are so inspiring!!!
You can do it!!!!🌸🙏 Keep up the great work. God Bless your family.
thank you so much! and thank you for taking the time out of your day to tell me this- hugs and love!!!
Thank you so much for this video! This was encouragement for my soul.
This was such a great video. Thank you.
this is so true. everyone is different. I enjoy my starbucks trips on occasion and my husband & I put a high priority on our gym memberships but others prefer to forgo that and have cable or lavish vacations...to each his own.
Keep it up! I’m very much like you 10 years in the future. 😆 (39, homeschooling mom of soon to be 6, one income - hubby is a teacher)
kids get older and expenses and cost of living seems to go up and the house always needs something. So glad we got out of credit card debt in younger years and learned to save. We have our home (with some debt on home equity) and student loans and so glad to have some savings and a clear plan. Learning self control early to get out of that debt ( and having housing that is within your means) allows you to live as you said and get those occasional treats and splurges! Don’t give up, don’t compromise your goals and don’t compare yourself to others. Best wishes! 💕🙏🏼💕🙏🏼
I’m so glad to hear that the money comes when you needed. It has happened to us every time we go to Disneyland. For the last five years every time two weeks before we leave we will get a check of over paying for medical bills or taxes.
Thank you for being honest. We are in the middle of transferring from two incomes to one and at the same time trying to save up money for a down-payment because the market where we are is starting to look better. I needed some one to say it out loud - perfection is an illusion anyways 😊
natureallmighty yesss sister. No one is perfect. Most people that I’ve thought “had it all together”, got help from family members for down payments, struggle to pay all of their bills on the things they own, or have had assistance in one way or another. I would look for down payment assistance programs- there are a bunch of great options out there!! Xoxo
loved this video Jaimie - Thank you and really shows God's goodness and how he provides our 'daily bread' xxx
Thank you for being so real! This was the best most real budget video. So encouraging, thanks for sharing I’m sure it could be a little scary.
DanniRose26 thank you for watching t and for being so kind!!
I am in love with my blended family and am always trying to organize cash flow so that it can be spent on family, when possible.
I will be keeping up on you and your experiences/family:-). Good work, momma;-)
Totally agree with you! Great video ❤️💕
Bamagirl 22 thank you so much for watching!!
Thank you for such a wonderful video! It’s real life and budgeting is tough. I also watch Jordan Page and she has also mentioned spending $100 per person in the family per month for groceries. This is super tough! The 7 day grocery budget also resonated with me too! It makes it easier to view it that way. You are such a great momma and person and I’m glad you mentioned living your life and enjoying it without being foolish. Thank you again!
Lacie Fedewa thank you so much Lacie!! We do the $100/person per month as well!
We also do the $100/mo per person grocery budget also. That’s only been possible since we moved close to an Aldi though.
I Love Love Love how God is the center!❤️ I needed those words today TRUST GOD. I came with a budgeting plan in mind but quickly reminded God is my security. 🥰
Yessss girl!!!
Awesome, thanks for being real.
omg i cannot wait to watch this whole video!!!! YESSSSS!!! I love this girl. Please make more videos!
Great content Jaimie! We are in the same season on life on one income, and I can identify with so much of what you shared. I too get the same simple joy of "living" and making room in the budget for Starbucks drive-thru occasionally and wandering the Dollar Spot or hit up the Dollar Tree for home decor craft ideas. To some, that may not be "living", but I do find joy in those activities that I can do for myself that are relatively low-budget, and fun for me. I do plan on returning to work after being a SAHM for a few years. I'm a Registered Nurse, and I'm actually working on starting my own business doing cosmetic injectables. I'm looking forward to being able to contribute to our family income again, and that I'm taking this step for my family and I. I worked so hard to get that degree, and it feels good to be able to use it and pay off my school loans using my income.
Erin Daniel love this!!! I am excited for you sister!!!!!
Love it. We are all on different journeys in all areas. We personally have walked more toward a debt free lifestyle and Dave Ramsey way of living. But I also try not to get so caught up on it that I am stressing and not able to enjoy life. God always provides. He is so, so good to us. We always tithe, we make sure that hitting our goals never stops us from being generous if we see a need and want to give, we don't think "oh but we want to pay off our house so we cant give" We make it work. It's not a perfect science with 4 kiddos, as you know- but we are doing well.
It is so cool to hear how God provides just what we need. We're a one income family here too, trying to pay off some debt.
The Babcocks yesss sister!!!
I just started budgeting 2 weeks ago... in the 10 years of marriage.🤐 Better late than never. It feels so much more peaceful knowing what we can do with what we have, as opposed to not knowing.
Yes! Aldi & Walmart! Us too! I have calculated the difference, it matters! People ask us how we buy groceries for under $100/week. I never imagined people spend $300/week in groceries?!
Love the video!!!
Sandra Berg thank you so much for watching!!!
LOVE. We are in the same position financially!
I would love to see meal planning videos! I’m due in 8 days with baby #2 and have no idea how or where to start. Also how you organize and clean around 4 kids would be great! Lol
Love this 💜💚
Good for you guys! We live on one tiny income and are debt free with 3 little kids. I’m so scared to buy a house someday and deal with all those expenses. Thank you for sharing!!
That is AWESOME!!! Seriously!!! I can’t wait to say that one day!
Thank you so much for sharing!
thank you so much for watching!!
Haha I do the same thing on side! Bartender at weddings! Our financial situation seems exact same! Keep up the good work!
Palmieri Nest yeaaaah girl!!! That’s so funny! We are twins!!
I loved your viewpoint on this! Everyone does have their own ideas of what living life looks like! God's always provided, and he always will take care of our needs. One year we had an major unforeseen medical bill that our insurance didn't touch. He provided me a summer working with kids in our community center where I was encouraged to share the gospel with them. He also gave our girls had a fun summer with their grandparents while I helped pay that me bill off. I could go on and on about the many times God continues to provide for my family!!!
annaleighadams wow!!! This is such a testimony of God’s goodness!!! Thank you for sharing this with us!!!
Thank you for your video! Loved it! I am wondering about Health insurance. That is the biggest issue for us with me staying at home with the kids. What do you do for health insurance and do you have any suggestions? It is way too expensive to be on my husband's work plan.
I recently watched Jordan's half hour budget video so I was really able to follow along. I figured New Years was a good time to reshape the budget so we have more for fun. I never found vacations with little kids any fun at all. We returned from our experience totally spent and gotta get right back to the grind. My 2 kids are now in 2nd and 4th grades so getaways now are so much better than when we had to pull along side the highway so I could breastfeed. Ugh.
Very nice video!!
We’re a one income family too.
We’ve totally fallen out of meal planning so, need to get back to it.
We’re saving for Disneyland-gosh I hope it’s not going to be exhausting lol
A Mom for Every Season I think saving for Disneyland is amazing! I should correct myself by saying- we definitely want to take vacations with the kids, but we are waiting until they’re about a year older than they are right now- because mine are all super young. 🥰
You are my soul sister! We have the same debts- our vehicle loan and the other loan (replacing 100 year old pipes and fixing the ceiling that the water took out!) are so close to being paid off- we can taste the financial freedom! We spend a bulk of our finances on groceries and we take one trip each year to Door County in WI, which is where we live. I’m a suuuuper part time hairstylist- I work 3 hours, 3 nights a week... but it helps, and I’m able to be home with my little guys and never have to worry about a sitter if there’s a snow day or a sick kiddo, which for me is major peace of mind. And praise God for Aldi and Oreos haha!! And Aldi has the best fruit snacks hands down😂
Stacie Murray yessss girl!!!!!!!!! I love Aldi FOR LIFE! Haha thank you for watching and taking the time out of you day!!! Xoxo
I would love to know what your grocery budget is and which stores you plan to go to get certain things.
Hello. We are a family of 13 (11 kiddos. Triplets born in June) so I am wanting to redo how we do things. We have been trying to do Dave Ramsey’s plan but it has been so hard for us for some reason. 😆
Your the BEST!❤️
Bianca Scott YOUUUUUU da best!!!! 💕
I’m still living at home at won’t have a family for the foreseeable future but speaking as a child of a family who did it... my parents put two kids through private school on one income, and then four kids in that same school on one income + a smaller second income. I remember those days! It can be done; they had a goal and mind and went for it.
Grace Carter love this!!!!
We budget almost the same. GOD always provide even though it stresses me out. My husband works in garbage like dump station. When we were buying our house and needed a extra $700 He just happened to find $700 in the garbage that week. It was the strangest thing. Right then and there I believe GOD will always provide even if it's not money but in other ways.
Matson Clan ahhhhhh!!!!!! That is SO awesome!!!! These stories always make me feel so happy!!!
🙌🏾 things like tht happen to me quite often. I used to worry a lot about financial things but now i learned not to stress and put my faith in God cause He always makes a way for me to pull thru
Matson Clan that’s awesome. I think we all have some stories where God gave us a sign that he is there for us. I struggled financially in nursing school and some many angels came into my life. I was very lucky.
First. The ad that popped up was an ad for saving money. 😂
bahaha! they were on point! lol
This is totally the same as us. We have our car payment which will be all paid off this year (🎉) a small credit card loan (which we don't pay any interest on - we use it for yearly payments, like my hubby's bus pass and our car insurance) and my hubby's student loan. In the UK people don't really seem to pay off their student loans the same way as in the US, not really sure why, but we've never really considered it 'debt' before, though I guess it is 😂 God always looks after us, whether that be someone randomly buying one of my boys new shoes or we get some extra income XX
The Joyful Homemaker love this!! Amen. It’s so good to know we’re not alone and that he provides!!
love this video! Where is your shirt from?
Anna Cramer from Target, their “wild fable” line. :)
We're 10 years in June this year!! Praise the LORD!
Great video! Are you able to save any money living on one persons income? My husband and I are planning for our first child and do not see how it’s possible to save,pay debt and enjoy life lol. Any advice would help!:)
Loved this! Question - do you set a weekly or monthly budget for the non-essentials for yourself, like Starbucks, makeup, etc.? I have a mindset that I basically “shouldn’t” spend any extra on myself since I opted to leave my job last year to pursue my dream of being a SAHM (I was the burned-out primary breadwinner for 9 years, and we’re now a family of 6 on one budget too). Like you said, I want to be wise but live life too. It’s a hard balance!
Hillary Hoshaw it is so hard. BUT- because you’ve decided to stay home, doesn’t mean you have to punish yourself. Yes it’s a sacrifice, but you can still live. :) we normally use extra hustle money for things like that. Sometimes though I spend less on groceries because John and I get donuts for the kids on Sunday before church, or I conserve gas money so we can have a date- if we don’t have the extra cash. I’m not above returning pop bottles for Friday night pizza!! Haha
JAIMIE KIGHT Thanks so much for that encouragement!!
God is good all the time, all the time God is good :)
I was wondering what your weekly grocery budget is. I have a family of 6 as well and I feel like I spend a fortune on food! My kids are 9 to 19 so they eat more but still I may need to invest in a farm lol. Thanks for the video.
I will definitely share that in a video for you!!
Yes the exact same over here! Wait, isn't one of your side hustles your UA-cam?
well- technically, yes. but I haven't been doing videos as much anymore, so I can't really count on it as income very often. :)
Replace store bought cleaners with homemade and you will save more money.
Hang your clothes on a drying rack.
If you have boys they can wear hang me downs
Try growing some of your food in your back yard
Remember a car loan is good debt. As long as you make your payments on time it can actually raise your credit score. I’d focus more on the credit cards those are not as good.
God really does provide. We had a $1500 medical bill pop up December 21st! We were scrambling, we could have taken it from savings, but that money was supposed to be for something else, lo and behold, we get two separate cheques in the mail from overpaying on other bills that added up to exactly what we needed. God is good!
Brianna Loree PRAISE GOD! I love hearing stories like this!!!
Amen, sister! God's timing is always perfect. It's so hard to stay calm when situations arises but, he's got you! I have to learn time and time again to not worry because when we worry, we're having little faith. Oh it's so hard.. my flesh is always worried but I'm reminded every. 👏 Single. 👏Time. 👏 Lol. Thanks so much for sharing today! ❤️❤️❤️
Vee Kim thank you so much for watching and taking the time to comment! It’s so good to know we’re not alone!! Love you!!
@@jaimiekight Our family is also living on one income for a family of 5. It's hard! So many sacrifices we have to make. I get excited about luxuries like... Trying out a new body wash 😂
yes girl! PREEEACH! lol @@vnyxx1
Cool video
What does your grocery budget look like? I meal plan and do it weekly too but it’s still been soooo hard. I think maybe bc stuff like toilet paper, diapers and such go into the budget and ends up taking from food money? Do you do that separate? We have 4 kids and we spend about $1100 monthly. Isn’t that crazy?!!
I should say tho that we do buy organic and a lot of gluten and grain free items.
I wish you uploaded more videos ❤️❤️❤️ lol
We are a homeschooling family as well with 3 kids (soon to be 4) 6 and under. We are also a one income family and are trying to make it work. Student loans kill us every month! My question is, do you have a budget for homeschool "stuff" like supplies, field trips etc? Since my kids are always home and always with me, I feel like I automatically spend a lot of money on "experiences" for them to get us out and to reinforce school lessons.
Lauren Nilsen I feel like this would be a great budget to have- but we currently don’t. Anything like this normally just gets taken out of “extras” or we use extra hustle money to pay for it. :)
what kind of curriculum are you following? Im starting to homeschool my 4 almost 5 year old
I also had 4 kids before 30. I had my fifth one month after my 30th birthday. We were paying off my husbands student loans until 3 years ago. We lived in a small 3 bedroom apartment for a long time because it was cheap and we could afford everything else because of it. I don't know how you do it as a homeschoolers. Our kids go to school and get 2 free meals a day, 5 days a week. We are fortunate to live in an area with amazing public schools.
Please what dose of Prozac did you take in pregnancy
I have an errand service that helps me make a little extra money.
Do you have an emergency fund/ are you saving money?
Rachel DeCamp yes! We have an emergency fund- but we aren’t currently adding to our savings because we are taking any extra and paying off that debt. :)
What about expenses like going to the movies and vacations and international vacations and all that? I guess I feel very spoiled...
And also like spending money for certain shopping needs, video games etc.
What’s your income
Do you budget money for your kids clothes? I have 4 kids also and clothes for them is a huge expense. My oldest obviously always needs new clothes as she goes into new sizes, my second daughter gets a lot of hand me downs, but then I had twin boys and they need new clothes every season as they grow.
Cassie Trotman I usually set aside money from side hustles every season- when I know they’ll need more clothing! :)
JAIMIE KIGHT thanks! I’m a stay at home mom, one income house also, but we don’t have any side odd jobs, so our kids clothes budget has to come from our one income so I was just curious how you handled that!
You’ll get there!! Keep on trucking!! Another thing I do is take money from my grocery budget to cover stuff that comes up and then we eat oatmeal for a few days to make up for it 😄
The Life of a Homeschool Mom yesssss!
😂 love this!
Great idea..... but we just love food too much 😂
Now i need Oreos😂😂😂😂😂
bahaha! when I edited this video, I was laughing at how many times I talked about Oreos and Starbucks. LOL!
I didn't think i needed them til you said it the second time hahahaha😂😂 then i was convinced!
Jordan Page is a great you tube
God 💯 provides every time! 🙏 His timing is always perfect. Love your videos and realness. Trying to get out budget situated also👍🏻
Alanis Morrisette's sister?
🙌🏻Day by Day Week by Week he shall provide. You guys do great. Thanks for that share. Keep it up 🥰
Thanks for this, J! We are currently a family of 5 living on one income in a VERY expensive cost of living area. My husband earns a good income, but our mortgage is pretty hefty although we bought in one of the cheapest safe suburbs (of Denver) two years ago. We are currently discussing the timing (and ready soon) to add a 4th (and last) baby. Question: what financial preparations did you make when preparing to add Ingrid to your family? I get anxious about braces, college, etc in the future as we are already not debt free! Practically speaking tho - how to you prepare for adding that 4th child?!?
Jennifer Heath hey girl! We personally made sure our births from our other children were paid off- but other than that, we didn’t do anything specific for financial prep before we had her or got pregnant. :)
Thanks Jaimie! Well, our insurance is good - so we don’t owe anything from our other three births! So that’s good! Haha - I suppose I’m just thinking of adding another person to feed clothe, and eventually send to college ... can you tell I’m a planner?
Sounds like you really put a lot of effort in your videos so I hope you take this criticism constructively, a little more budget details, budget categories, saving tips within budget categories etc less details about the why
J, I wondered how you budget for things for yourself/John.
I know you but some nice make-up, mug, clothing here and there- how do you do that?
Do you give yourself a weekly allowance or ask Holy Spirit haha......
I’ve gotten to place where I’m afraid to get anything like that for myself in order to chip away at the debt but I still want to wear make-up haha and live.
Wondered about that-
LNTalk we normally try to use “hustle” money for that. Lol if I sell some clothes or I do a wedding- I try to be really wise about the purchases I do make, but I use extra side money for stuff like that.
Your not PERFECT. Clicks off video. Perfection only plz. 😂😂
I appreciate your honesty. X
Georgie Pilgrim hahahahaha!!! Lololol sorry to disappoint sister! 😂