Closing Out My Budget for the Month

Рет қаралды 7,187

Күн бұрын

Hey Guys! Today's video is on my July Budget Closeout. Leave your budget closeout questions in the comments, I'm going live next week to answer them. :)
Chapters:
0:00 - Intro
0:40 - Bills Closeout
1:42 - Variable Expenses
3:01 - Adding up my expenses
11:15 - Closing Variable Expenses
12:30 - What to do with money left over
14:17 - Closing
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INQUIRIES
alaina@theorganizedmoney.com
ABOUT ME
I’m Alaina.
I’m an author, speaker, financial educator, Etsy shop owner and KZfaqr. I love to share videos on organizing your money, mind, and life.
What else?! I am a wife and mother of 2 girls. I love reading and planning! I hope my videos help you on your financial journey.
*Some affiliate links are used, which means I may receive a commission should you decide to click that link and make a purchase. My content is 100% not influenced by brands, PR products received, usage of affiliate links, or brand partners
@theorganizedmoney

Пікірлер: 30

@TheOrganizedMoney Жыл бұрын

Hey Guys! Today's video is on my July Budget Closeout. Leave your budget closeout questions in the comments, I'm going live next week to answer them. :)

@IpsitaRoy Жыл бұрын

In this era of everything digital, I am just loving the way how you plan everything on paper. 🥂 Love, all the way from India.

@user-en6wc4ro4r Жыл бұрын

I know that I’m not good at closing out my budgets I’ve been on my journey since 2021 I love the idea of color coding but also keeping track of the spending on each page of your expense tracker that definitely makes it less overwhelming and holds you accountable

@EdieBrown Жыл бұрын

This is helpful. It's a step that I skip often (comparing how I perform on my budget).

@NiccHenders_408 11 ай бұрын

HI! I really enjoyed this. It made me get the month of August spending tracked. How can I get the worksheet you used? Didn’t see them in your Etsy shop

@wandawashington5290 Жыл бұрын

Thank you for sharing this. After our talk in class I realized I need to do this tracker/snapshot of what I spent for the month. It helps round things out. Because before this month I don’t know what I spent or if I went over or had something left.

@ilytlek Жыл бұрын

thank you for doing these with us!!

@saundrawarren5556 Жыл бұрын

I need to start doing a monthly budget close out!

@submittotheplan Жыл бұрын

Great budget closeout!💕💕

@amandaring2128 5 ай бұрын

This was SUPER helpful thank you!

@_Simnesia_ 11 ай бұрын

This was really helpful. Thank you!

@sophiaosei1980 Жыл бұрын

Very thorough breakdown!

@hafduzngz03 11 ай бұрын

I absolutely love the layout of your budget pages. Where can I find them? I’ve searched everywhere. 😢

@DesertGal 11 ай бұрын

Came across your channel because of a video about notebooks and saw this and thought to check it out since I noticed in another video you’re a Bible believer. I didn’t know what to expect but when it came time for actual figures and you shared very openly I couldn’t help but be shocked. I know it’s not right to judge, and each person is countable to God for how they spend His money. I just couldn’t imagine having so much to spend on hair, food and shopping. I do hope that your budgets are led of The Lord and not leaning on your own understanding. And if so then all glory to Him!

@TheOrganizedMoney 11 ай бұрын

Bless God that you are looking at this video as educational and not judging. ☺️ since our bills are less than 50% of our income, we are able to set 30% to variable spending (for our family expenses and to help our extended family) and 20% to saving, tithing, and giving. These are percentages recommended by most financial educators and it has worked well and been a blessing to our family. ☺️

@DesertGal 11 ай бұрын

Truly appreciate your graceful reply, thank you. Tithing, completely forget that people tithe as it’s a biblical tipis used as a “trainer” in teaching us eventually that it all belongs to Him in the Mew Covenant and not just the ten or 20 percent of the old covenant. Studying the Covenants gets deep and once we recognize the covenants of Melchizedek, the priestly, we realize we own nothing and are truly happy and blessed, (not this counterfeit own nothing the enemy is perpetrating into the world right now). Huge topic. So I understand you better now, our monies are a reflection of which covenant we’re walking in. I digress, are you referring to Dave Ramsey by chance?

@anne-sophiebrossard9620 Жыл бұрын

Awesome video, thanks for your tips ! I've reviewed my entire budget plan :-)

@janellemarina 3 ай бұрын

#Q whats your process from calculating your food expenses from your grocery trip with other misc toiletries items? Do you go through your receipts and itemize everything?

@debbielambkin7826 Жыл бұрын

Thanks ❤❤❤❤

@my3kidsmom 4 ай бұрын

Alaina, did you do the live video answering questions about this idea; you mentioned that toward the end of this video but I’m not finding it.

@AngelaGutierrez-xm8wd Жыл бұрын

Do you have a video like this for your business?

@galato4234 3 ай бұрын

Thank you for your videos. I would like to register for your Monday classes but the link is not working. Thanks.

@TheOrganizedMoney 3 ай бұрын

Hey! I do the classes on Tuesdays on KZfaq now. Look under the live tab on my KZfaq page and you will see all my past classes

@tashaloveslife Жыл бұрын

Hi Alaina. How do you cover your overages?

@TheOrganizedMoney Жыл бұрын

I usually pull it from my savings account

@colorsofavon934 Жыл бұрын

😀

@ts1358 Жыл бұрын

Hello, I have been confused about closing out my budget as there are some complicated budget people out there. When you use money from your savings do you count that as inflow then track the expense or do you track what you spend out of your savings separately? When you set money aside for a specific purpose do you see that money as already spent but yet track everything in and out of it separate from your checking account?...This the area I most struggle with...Thank You

@brenda194342 11 ай бұрын

Which planner are you using?

@ts1358 11 ай бұрын

I was using one that was to complicated for me so I stopped using it and I’m much happier and at peace…

@Msmary98-98 11 ай бұрын

I’m really needing to get into budgeting cause at the rate I’m going, I’m never going to have anything😂😂😂 I got everything so far but I can’t for the life of me figure out how to close out the budget 😂😂😂 so here I am , hopeing to gain some understanding 🩷❤️