Make sure to do this every time AFTER you get paid. This is a great paycheck budget routine, ritual and habit. It’s what I did in the …
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Today's News for Tomorrow's Brew
Today's News for Tomorrow's Brew
Make sure to do this every time AFTER you get paid. This is a great paycheck budget routine, ritual and habit. It’s what I did in the …
source
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honestly this video is,,, like, lowkey condescending which makes it hard to get anything out of it. yeah, my housing is more than 30% of my income – but I worked my ass off to own and it’s a hell of a lot cheaper than renting. and no, I can’t move elsewhere – i live in the cheapest area I can while still being close enough to my doctors. it’s not a great neighborhood, but I can afford it. there are no “organic avocados” in my budget, I don’t pay for streaming or expensive foods or fancy cars, and I don’t go out. I was honestly just looking for help with making a better budget than the one im currently using but I can’t bring myself to watch a video with someone who is so out of touch with the fact that some people are broke for reasons out of their control.
How did you make the graphics for this?
My problem is that I'm chronically ill and I spend about $500/mo for medical costs, and that's not counting my actual health insurance premium. I would not be living paycheck to paycheck without that continuous and unavoidable expense. I've been tracking all of my purchases for 7 months and I've been surprised to see that I'm generally great about spending money only on essentials. What's discouraging is that any savings I accrue end up going directly to co-pays, medications, and imaging/testing costs. It's left me with an unpleasant outlook on finances. It's unfair that having multiple genetically based (not lifestyle) chronic illnesses means I'm going to be financially struggling for most, if not all, of my life.
This only apply if you live with your parents lol😂
For all the new investors, put 15% of your check away. Max out a Roth first, which you can open anywhere, and then allocate the rest to your 401k or IRA and never look back. If you have control over your investments, here's how to make it simple. Buy VOO, VUG and SCHD. Do equal amounts and do not stop, EVER. If you don't have control over your investments then that's fine too.
10% of finances going to groceries is insane… i live in sydney australia. cost of living crisis is NOT letting anyone get away with 10%
Rent under 30% of your income?! Hahaha, that's a good one. 😂
$30 for someone to clean your house? They definitely charge way more than that
No way 10% can cover my food and groceries, my pay's too low for that.
40 min for groceries ? Neveeeeer how far do you live?
Why would a car accident cost you money? You get paid from work even when sick leave, you get car repaired covered by insurance
1. Is pay your bills 😂
Good video. I like to do savings nd investments day I get paid to avoid not saving at all later
imagine making a video on how to budget, and suggesting a SPONSORED website for it. I'd like to see the "years" of trading youve had on there ;0
As soon as he said rent being “under 30%” of my income…I knew this was a comedy skit 🤣🤣🤣
Thanks to uSMART, I can embrace ETFs from various countries, providing multiple choices.And SGD can be traded directly without exchange!!!
Yeah 90 would be great I’m at half maybe
Please make some kid friendly videos
I need to start doing this a bit more. Get my numbers on point. 🙏
So I get about 2k after tax, I pay 1540 for car loan and then 140 for insurrance, where do I fking want to buget, I make no money I can save. (food is on parents and living also)
"Rent should be 30% of your income"
Me with my rent being 70% of my monthly income (Not including; utilities, insurance and internet)
Thank you! I appreciate your advice! 😊
1. Know your financial baseline.
2. Have an emergency fund (this should cover 5 or 6 months of your financial baseline).
3. Pay up your high interest debt first.
4. Maintain a 401k account.
5. Maintain a ROTH IRA account.
6. Maintain a taxable brokerage account.
7. Leverage opportunity cost.
8. Automate your finances.
i can relate so much the first one 😂 i think i need to do this one LMAO
I can't do anything with my money other than save the little I have and pay bills, I only work, pay bills, and then sleep, I'll occasionally go for a drive so gas is really my only "fun" expense and my car being a 35 year old Camry with a manual gear box it's only like 25 bucks to fill the tank
Here are the 8 steps for you:
Step 1: Find Your Financial Baseline
Track all your monthly expenses.
Delete non-essential items to find the minimum amount you need to survive.
Keep core expenses (housing, food, insurance, utilities) under 50% of your income.
Step 2: Build an Emergency Fund
Save enough to cover 6 months of essential expenses.
Use the fund only for true emergencies like job loss or unexpected medical costs.
Step 3: Pay Off High-Interest Debt
Focus on paying off debt with the highest interest rates first (Avalanche Method).
Alternatively, pay off the smallest debts first for motivation (Snowball Method).
Step 4: Invest in a 401(k) Plan
Contribute to a 401(k) account, especially if your employer offers a matching contribution.
This lowers taxable income and builds long-term wealth.
Step 5: Contribute to a Roth IRA
After maxing out your 401(k) match, contribute to a Roth IRA.
You pay taxes upfront, but the account grows tax-free, and you can withdraw contributions anytime.
Step 6: Invest in a Taxable Brokerage Account
Once retirement accounts are covered, invest excess money in a taxable brokerage.
Focus on long-term investments, such as low-cost mutual funds.
Step 7: Avoid Timing the Market
Don't try to predict market highs or lows.
Invest a fixed amount regularly, regardless of market conditions.
Step 8: Track and Adjust Your Finances
Regularly review your financial situation.
Make adjustments as needed to stay on track with your goals.
Boy, you really love pineapple pizza, don't ya? 😂
dont used that credit card. its good to used the card if you can pay it. that will build you credit
Davis Brian Harris Daniel Anderson Anthony
This is a basic course in personal finance in a short, entertaining video. Excellent!
Cheapest apt I was able to get in my home town in california still takes 45% of my monthy income and I work full time. Cali is a terrible
Can you a UK version? we don't have 401k's, I think it is an ISA.
Great video, very insightful!
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have. So, focus on other things, compounding is mostly a useless (or marginal) concept in this field
Childcare….enough said
Thank you for this !!
Pineapple pizza? I‘m out!😂