How We Budget Our Money! | Clever Girl Finance: Real Women Talk Money!

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2 жыл бұрын

Real Women Talk Money is BACK 🎉 . Today's video is all about how we budget our money! Join Bola, Yazmir, and Carli as they discuss:
- The approaches they take to budget their money
- Why they approach budgeting the way they do
- Tips for adjusting your budget when you slip up
- Other budgeting advice, tips, and more!
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Пікірлер: 98

@Clevergirlfinance 2 жыл бұрын

What are your key tips for budgeting your money? Please share below and thanks for tuning!!!

@equarshie14ify 2 жыл бұрын

I write my monthly plan in a planner and transfer money bimonthly into 4 accounts i.e. bills, groceries, fuel and miscellaneous. I have a card for each account. Once that is done I just reconcile at the end of the month. I know immediately I overspend once I have to use my main bank card to pay for something and not my subaccounts. it helps track my expenses in each category because once I download the bank statement for a particular account I know how much I have spent in that category

@Clevergirlfinance 2 жыл бұрын

Love this for thanks sharing!!

@selflove428 2 жыл бұрын

Me too I have planner and a notebook

@islandgirl8914 2 жыл бұрын

Love this. How many banks?

@blossom30x4 2 жыл бұрын

This is a great idea!

@debrasewell388 2 жыл бұрын

Wow. That is fantastic. Do you have different cards for different banks

@NarratingLisa 2 жыл бұрын

For personal spending, I've begun using prepaid debit cards in place of the cash envelope system. I researched to identify the cards that have no fees whatsoever. (Chime card, AMEX Bluebird, etc.) Plastic is just easier for me and I've separated my cards into what I tend to swipe for most. (Food, gas, hair & skin products, concerts, etc ) Only the money I put on the card is what I am allowed to spend in that category. Sometimes this may be only $5 a month, but it is what it is. Lol This helps my paper budget come alive in real time. The multiple cards don't bother me. I label them and it really helps me to not have to think so much. Wonderful video ladies!

@beautifulgirl1375 2 жыл бұрын

We automate: Tithe, Retirement, Emergency Fund, College Fund, Fun Fund and Bills are paid automatically at the beginning of the month. Everyone gets a set amount of cash to enjoy each week. We have 2 large vases where we put coins and dollar bills at the end of the day. This money easily covers birthdays and holidays. Years ago, I watched a broke colleague order Peking Duck for lunch. I’ve packed my lunch ever since.

@Clevergirlfinance 2 жыл бұрын

Love this!!

@beautifulgirl1375 2 жыл бұрын

@@Clevergirlfinance Thank you. We save first and enjoy the rest.

@winniem6089 Жыл бұрын

"Track your budget because out of sight is out of mind" LOVE THAT! ❤ Thanks so much Bola and all the ladies, I'm learning so much everytime I come to this channel😊😊😊

@pamelacallaway3922 2 жыл бұрын

I write everything down in a notebook. Since I know my total monthly income, I identify monthly bills like mortgage, utilities, tithing, and groceries. I have a limit for credit card spending and plan ahead for special expenses. So far so good. I am so excited that my credit score is over 800!! It took a few years, but I did it! I review and adjust about 3 times a year. I set a special fund for large projects and plan accordingly.

@blurose2479 2 жыл бұрын

Congrats!!

@wonder219 2 жыл бұрын

My January to December 2022 budget is already done ✅. I've been doing this type of budgeting for the past 8 years since I started investing. My first items on the budget are tithe, investment, savings and emergency fund which um strict with. The rest of the items on my budget after bills are paid and groceries are bought, I tend not to be strict with coz I've learnt how to play around with the figures over the years.

@wonder219 2 жыл бұрын

I do my budget in my note book though I have a terrible handwriting 🙈. For investments I record all expenditure in a spreadsheet. Generally I tend not to go beyond my budget coz I learnt how to budget at the age of 11 since my mum used to travel out of the country a lot for business when we were young. Plus I also went to boarding school and that helped me solidify my budgeting skills.

@WordsPictures997 2 жыл бұрын

This was soooo goood! I've struggled over the last 5 years with trying to get myself to budget "the right way". I really needed to hear this. I definitely do much better with " budget journaling, it's just so much easier, faster and straightforward for me. Love the tip on merging it with scheduling in a possible daily schedule format. Looking forward to trying this. I'm hoping it will help me get used to looking at my money and help me build a better relationship with it. Also absolutely love the tip on taking the time to assess and reflect to help uncover possible deeper things. Such a great video!

@Clevergirlfinance 2 жыл бұрын

So glad you enjoyed it! Thanks for tuning in!

@AnnelisR 2 жыл бұрын

This video came at the perfect time, thank you ladies! I tried a budgeting app but haven’t looked at it since I first created the budget. I’ve learned that physically writing things down really helps me stay on track. My Clever Fox planner arrives tomorrow! :)

@Clevergirlfinance 2 жыл бұрын

Thanks for tuning in! I've heard that's a great planner!!

@imaimajim3296 2 жыл бұрын

How do I get this planner please?

@rachealowolabi4331 2 жыл бұрын

This massage come straight to me, I was thinking of our to budget my money for the past months now.thank you so much for this.

@1sornram 2 жыл бұрын

I'm starting budgeting now. Thanks for these tips.

@slimgirls78 2 жыл бұрын

Very easy to listen to and watch this video. Great contributors, calm, informed and shared great tips. Have subscribed.

@Clevergirlfinance 2 жыл бұрын

Thanks so much for tuning in!

@alisawoods4180 2 жыл бұрын

I SO Thank YOU! I Am DEBT FREE THANKS TO YOU AND DAVE RAMSEY! KATE KADEN IS AMAZING ALSO! I AM SO VERY EXCITED AND HAPPY GOING INTO 2022 !! VERY BLESSED!

@velmacoutee2613 2 жыл бұрын

Thanks for sharing I started in April 2020 slowly with debt snowball 36,000.00 I am now at 21,500.00 and am so hoping to be debt free by March 2023.!! I am doing my budget on paper in a notebook thanks ladies!!!

@walkingwiththemosthighgod4507 2 жыл бұрын

I love this. I remember watching her years ago when she started but I lost touch. Glad to be back. Definitely missed a lot. Happy to see the growth. 🙏. Keep growing. God bless.

@Clevergirlfinance 2 жыл бұрын

Aww, thanks so much for coming back!!

@maxinesoles5800 2 жыл бұрын

Im a senior on a fixed income I put everything on excel bills,transfer to s/a .I also post any money spent daily.I sit down n pay all mthly bills by 24th mthly.This is to keep track of spending habits. I have bern doing this for years works for me

@maxinesoles5800 2 жыл бұрын

@walkingwiththemosthighgod4507 2 жыл бұрын

@@maxinesoles5800 Thank you. Great advice.

@lisacolvin4641 2 жыл бұрын

I only look at bills once a week, then go online to schedule them to be paid from my bank account. I automate savings, and anything left at the end of the month goes straight into savings. This video is awesome, watching women discuss money and helping each other. Figuring out why we spent does help. Thank you. :)

@Clevergirlfinance 2 жыл бұрын

Well done! Thanks so much for sharing and tuning in!!

@elisapierre-procope9177 2 жыл бұрын

Awesome discussion ladies!!! 🙌🏾 Recently my husband and I revamped our budget. I was an emotional shopper and realized I needed to be more transparent to keep myself accountable and find ways to control when and how I treat myself. We use a combination of spreadsheets and apps since we need to collaborate.

@adelitenyamhanga7823 2 жыл бұрын

The key is affordable hairstyles🤣🤣

@jrobinson8898 2 жыл бұрын

Excellent tips, Ladies!! Very true, you can have the most dynamic budgeting tools but if you don't check in daily or frequently, it will not work. I have so many friends that are running on auto-pilot with their bills and don't like to discuss it. And even myself, if I stop reviewing my schedule, I fall off hard...lol Appreciate the great commentary.😊

@Clevergirlfinance 2 жыл бұрын

Aww thanks so much for sharing!!

@gma904 2 жыл бұрын

Yes! The most important one for me is to make sure you check in at least once a day (6 /7 days a week) . Temptations are real and you will forget so quick.

@Clevergirlfinance 2 жыл бұрын

Agreed! Thanks for watching!

@TheRonskins 2 жыл бұрын

Excellent upload! Thanks for this. I have been budgeting for years and we've been fairly successful with how we map out our "must pay" items, our "must save for" items, our various "emergency fund" pouches, our "daily maintenance" items, our "nice to have" items, and our everyday pocket change. We tend to stay on budget and all extra funds remaining at the end of the month are rolled over as "Earnings" for the next month and this gives us wiggle room to add a bit extra to a utility bill or add to the Emergency Fund.

@samanunu5622 2 жыл бұрын

that was great, helped me realize I am on the right track and not paranoid when I check my budget each evening. Watching this has been reassuring so thank you again.

@Clevergirlfinance 2 жыл бұрын

Glad it was helpful!

@LMAOalldayeveryday 2 жыл бұрын

That was great!!! I appreciate a pocket size planner. I can just tuck it in wherever!

@Clevergirlfinance 2 жыл бұрын

Yay!! Thanks so much for tuning in!!

@lisawilliams9980 2 жыл бұрын

Great tips! I use some of these. There’s always room for improvements! 😊💕

@Clevergirlfinance 2 жыл бұрын

Thanks so much for tuning in!

@expertonmyself 2 жыл бұрын

how i break down my bi-weekly pay: 10% tithe, $xx christmas club, $xx to my sinking funds until i've reached my max for each one, 50% payment towards bills, 50% set aside for rent. depending on what else i have going on outside of regular bills, i will either: split the remaining, 50% for groceries/gas/incidentals and 50% for student loans or pay my SL minimum payment and use the rest for G/G/I/special expense.

@Clevergirlfinance 2 жыл бұрын

Love it - thanks for sharing!!

@angelangel4476 2 жыл бұрын

Great tips and reminders! Love it! Great conversation ladies!

@Clevergirlfinance 2 жыл бұрын

Thanks for tuning in!!

@amarieneal7233 2 жыл бұрын

I 😍 loved the show. Please keep going 🙏 💓. I will tell the ladies 8 know about your show!!!! Fantastic very relatable, as well, thank you ladies!!!❤

@Clevergirlfinance 2 жыл бұрын

Thank you so much!!! We appreciate you!!!

@stacyturner4058 2 жыл бұрын

When I do my budget I use the planner method as well because I do need to see what bills are due during what pay period. And I want to make sure I have that specific amount in my bill account for that pay period for those bills that are due & on autopay.

@Clevergirlfinance 2 жыл бұрын

Thanks for sharing your approach!

@deborahg3093 2 жыл бұрын

assess, forgive, move on helped me!

@Clevergirlfinance 2 жыл бұрын

So glad!! Thanks for tuning in!!

@regdesousa9763 2 жыл бұрын

The forgive is definitely important because if I don’t forgive myself I will keep repeating it !

@TheKingdomMarriage 2 жыл бұрын

Thank you ladies

@stephanieg.6439 2 жыл бұрын

Very informative.

@monicavieira630 2 жыл бұрын

Awesome! Thank you ! 🧠🔝

@gracemelegance6623 2 жыл бұрын

I have been really improving my spending since I started watching your channel ❤️❤️❤️

@MRSNVD 2 жыл бұрын

I use sinking funds via cash envelopes. Two of the envelopes allot my kids and I an allowance for two weeks. Any remaining goes into a third bank account that is dedicate to sinking fund residual. The budget gets a review every two weeks and a total overhaul every January. Once done it's locked for the year.

@Clevergirlfinance 2 жыл бұрын

Love your approach! Thanks for sharing!

@B305M 2 жыл бұрын

Great video. I do a weekly or biweekly budget.

@Clevergirlfinance 2 жыл бұрын

Thanks for tuning in!!

@pilateswithamala 2 жыл бұрын

Thank you

@Clevergirlfinance 2 жыл бұрын

Thanks for tuning in!!

@beautiful94x51 2 жыл бұрын

I was literally just roughly estimating my expenses on my phone calculator as pay day is near. I absolutely love putting pen to paper and seeing everything out in front of me. I already know from last month I overspent on takeways 🙈 definitely will have to tighten that up for my bank balance and waist line 😅

@Clevergirlfinance 2 жыл бұрын

You can do it! It’s all about assessing and adjusting! Thanks for tuning in!

@regdesousa9763 2 жыл бұрын

Yep I did this a few days ago and it gave me a view of what I am spending on and what I cut back on!!

@caroline9565 2 жыл бұрын

I find if a budget is treated as an ongoing document to track and determine what expenses can be eliminated and/or decreased/increased you may not feel overwhelmed. Each bill amount and paid amount is on my calendar on my IPad.

@ZonkeGuddah 2 жыл бұрын

Interesting topic of discussion, I struggle with budgeting mainly because of some unforeseen circumstances or simply wanting something that I don't have in my budget margin. I think at the point, I would like to know how to afford a moderate lifestyle without freaking out excessively.

@patriciaduke5169 2 жыл бұрын

I love this channel🥰

@wendythomas4930 2 жыл бұрын

New subbie here! 5hanks for the reminder to budget,

@Clevergirlfinance 2 жыл бұрын

Thanks for tuning in!!

@deborahg3093 2 жыл бұрын

I use a budgeting app and I forecast on it, adjust, update monthly. I faithfully using it since 2018.

@SharonRuth 2 жыл бұрын

What app do you use?

@elaibesummers906 2 жыл бұрын

Great tips ladies. The one I am going to change to now is visually writing down my bills and the date they are due. I have a budget spreadsheet on Excel but at times I find that it doesn't work for me all the time. My biggest area of overspending is on takeaways, spending far too much.

@Clevergirlfinance 2 жыл бұрын

You can try out an app or a hybrid of an app and spreadsheet. You got this! Thanks for tuning in!

@dchrysostom 2 жыл бұрын

Awesome sisters 💗🇨🇦

@Clevergirlfinance 2 жыл бұрын

Thanks for tuning in!!!

@mindbuilders6147 2 жыл бұрын

Hello bola, what do you do when you don't finish the money you budgeted for particular funds? Where does that money go?

@kaleelilian108 2 жыл бұрын

Have been struggling how to budget so much but I since this year started have just been trying to balance my expenditure since I don't earn allot and I end up having depts more than I earn. Can you help me.