HOW WE SPENT 12K IN JUNE 2024 || A SLOWER DEBT PAYOFF MONTH

  Рет қаралды 1,395

Katie of the House

Katie of the House

19 күн бұрын

This is my budget close out for June of 2024. We are a single-income family of 5 who is working on paying off 6-fiure debt. We are loosely following The Financial Order of Operations to accomplish this. Each month I make a budget to tell our money where to go so we can accomplish all of our financial goals while enjoying life a little. This video closes out our budget for June so you can see how we allocated our income. I hope you enjoy the video!
Disclaimer:
I am NOT a financial advisor, and this is not financial advice. I am just sharing my personal experience with you.
#budgeting #debtfreecommunity #debtpayoff #financialorderofoperations #budgetwithme #finances #financialgoals

Пікірлер: 54
@shangyuanteng3306
@shangyuanteng3306 17 күн бұрын
Wow. The debt payment amount is more than my monthly income. Can you imagine you how fast your investment will go up once you pay off debt? 🎉 how exciting🎉
@KatieoftheHouse
@KatieoftheHouse 17 күн бұрын
Thank you! I really hope we can throw most of it to investing once we are debt free. I can’t even imagine that yet!
@savewithalicia2434
@savewithalicia2434 16 күн бұрын
$681 in unbudgeted income is awesome. Only $21 over on your grocery budget is not bad at all, and you made up for with spending less in some other categories. Good job this month.
@KatieoftheHouse
@KatieoftheHouse 15 күн бұрын
Thank you so much, Alicia! I’m so glad we had that extra unexpected income this month. ☺️
@BethelBudgets
@BethelBudgets 11 күн бұрын
Great Job Katie! That is an impressive number going to debt. You're going to be out of debt in no time! I hope you're enjoying extra time with your family!
@KatieoftheHouse
@KatieoftheHouse 10 күн бұрын
Thank you so much! I will be so so happy when that day comes 😄😄
@GG_Budgets
@GG_Budgets 16 күн бұрын
Hi Katie! You guys did great and you’re killing it with debt payments. In June we did a “no eating out” challenge and surprisingly we did well. Saves so much money and we eat better. Looking forward to another great month
@KatieoftheHouse
@KatieoftheHouse 15 күн бұрын
That’s so awesome! We need to do that honestly! We probably don’t need to be eating out at all anyway, and think of all the money we’d save! Thanks so much for watching!
@catgodfrey6451
@catgodfrey6451 17 күн бұрын
Y’all killing it.🎉 we did the same w/ eating out. We did better in June, but it definitely could be much better. Have a happy & safe 4th🇺🇸🎆
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you, Cat! Maybe July will be even better for both of us for eating out 🤞🏼 Have a happy 4th! ❤️🤍💙
@mrssummersbudgets
@mrssummersbudgets 13 күн бұрын
Hi Katie, great job for the month of June! Congrats on ur yt check 🎉
@KatieoftheHouse
@KatieoftheHouse 13 күн бұрын
Thank you, Stephanie! 🤩🧡
@singleparentfire2363
@singleparentfire2363 17 күн бұрын
Love how detailed you are on your monthly budget ❤
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you!
@angbudgetanddebt
@angbudgetanddebt 17 күн бұрын
You are doing good! Even with unexpected things!
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you, Ang!
@summerjoy247
@summerjoy247 17 күн бұрын
Wow you guys are killing it!
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you, Sherri! 🩵
@turtlescanfly7
@turtlescanfly7 17 күн бұрын
Congrats on all the progress! Definitely slow down on the videos in the summer so you can spend extra time with your family. I’ve finally started making steps to starting my KZfaq channel but it feels so daunting. Trying to research what apps I need to edit videos feels a bit overwhelming but I’m committed to posting something within the month of July 🤞
@KatieoftheHouse
@KatieoftheHouse 17 күн бұрын
Oh my gosh!!! You just made my day!! I’m already subbed, so I’m ready when you are 🎉😃
@BudgetStuffSaveRepeat
@BudgetStuffSaveRepeat 15 күн бұрын
Hey Katie!!! Anything under budget is AWESOME!!!
@KatieoftheHouse
@KatieoftheHouse 15 күн бұрын
I totally agree! Thanks, Melissa 🧡
@deeplansandbudgets
@deeplansandbudgets 17 күн бұрын
Good morning Katie. A Happy 4th to you and your lovely family.
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you, Dee! Happy 4th to you!
@FIRE_DrNinjaTurtle
@FIRE_DrNinjaTurtle 17 күн бұрын
I am financially free because I still pay attention.
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
👏🏼100%
@debratakagawa4764
@debratakagawa4764 17 күн бұрын
That was a really good amount to debt.
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you, Debra!
@charity7273
@charity7273 17 күн бұрын
Look at you bringing in $850! 🎉🎉🎉🎉
@KatieoftheHouse
@KatieoftheHouse 17 күн бұрын
😄 so proud! Haha
@BrittneyBudgetsAndThings
@BrittneyBudgetsAndThings 17 күн бұрын
Great video!!! Glad you were able to pay more towards debt ❤
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you so much, Brittney!
@terrychittam945
@terrychittam945 17 күн бұрын
❤❤❤❤
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thanks for watching! ❤️❤️
@terryhenderson424
@terryhenderson424 17 күн бұрын
What a topsy turvey month June was for your finances! Less income supplemented nicely by unbudgeted income, 2 holidays and a multi-month bill but with an eye on the regular variable expenses, some school prep, and yet you paid extra on both Fed loan 5 AND the Highlander. You did well.
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you so much, Terry! It was kind of an unusual month for us, but I am thankful that it turned out so well.
@terryhenderson424
@terryhenderson424 16 күн бұрын
@@KatieoftheHouse You have a good 4th of July.
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
@@terryhenderson424 you too, Terry! ❤️🤍💙
@fasteddy3336
@fasteddy3336 17 күн бұрын
Question: what do you do when you have an emergency in the middle of the month? Something you didn’t plan on. Example, air conditioner breaks, and it caused $405 to fix it. Do you go back into your budget and do a transfer for the for the $405 and then change the amount in home maintenance? This is what I do so my budget looks correct. But really I overshot my original budget. Just wondering what you do. Great videos great channel.
@KatieoftheHouse
@KatieoftheHouse 17 күн бұрын
Oh great question! We actually JUST had two unexpected things pop up that we are having to deal with right now. My video going up Thursday will explain in more detail, but yeah, if just transfer it out of my home maintenance sinking fund or emergency bench find if we had to use it. I probably wouldn’t change the actual budget since I did initially send that money to my sinking fund or emergency fund (whatever you use), but I would update my sinking fund spreadsheet so I know how much I should have after the payment is made. Hope that makes sense!
@FIRE_DrNinjaTurtle
@FIRE_DrNinjaTurtle 17 күн бұрын
I am going to create a pie chart on my monthly spreadsheet so that I can see my monthly savings rate.
@arh1234
@arh1234 17 күн бұрын
I love that on Katie's videos! Outstanding idea to adopt.
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
It’s always fun to see it broken down that way! 😄
@izzybreezybudgets
@izzybreezybudgets 17 күн бұрын
Happy Wednesday! R u doing amazing in debt payoff! Great video
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you, Izzy!
@libbysworld7649
@libbysworld7649 17 күн бұрын
You are doing SO WELL! I'm so happy for you! Thanks for sharing your update. Have a WONDERFUL weekend and Happy 4th of July to you and the family! Enjoy! :-)
@KatieoftheHouse
@KatieoftheHouse 17 күн бұрын
Happy 4th to you! ❤️🤍💙 Thank you, Liz!
@Divasbudgeting
@Divasbudgeting 17 күн бұрын
Awesome job🎉 you’re doing great with debt payoff. Hope you have a wonderful Holiday
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
Thank you, Eva! I hope you do, too! ❤️🤍💙
@RobertaOrchid1
@RobertaOrchid1 17 күн бұрын
Thanks for sharing your budget breakdowns, you have given me food for thought with my budget. I have not really looked at the percentages of our take home categories. I’ve been hearing about the 50/30/20 rule but not sure it is realistic for me. Your 4 categories makes more sense and is easier for me to better see what we have control over. I will work up some of my numbers now and see where things fall!
@KatieoftheHouse
@KatieoftheHouse 16 күн бұрын
I’m glad you found this helpful! The one thing I’ve learned about budgeting is that you have to make it work for you. If a 50/30/20 rules doesn’t fit, that’s ok! You can always try new things until you find what works best ☺️
@buyerclub2
@buyerclub2 17 күн бұрын
Hello. Well the market closed at noon. So just a comment or two on your monthly. While I know you consider yourself a monthly budgeter, sometimes it makes sense to look at a larger picture too. For example, how did you do in the first half of 2024. Let me see. You spent far less on groceries than you did last year, you both invested alot and paid off a lot of debt. Including one of the major student loans you had. Seems to me that even though June wasn't that exciting your 2024 as a whole was. Glad you have the goal to get rid of both the car loan and Fed Loan 4(?) by the end of 2025. Make sure though while you are pushing for that stretch goal, you dont sacrifice too much that you burn yourself out. BTW I did leave you a couple of notes the other way in the last 2-3 weeks. Have you had a chance to review? Could it be that Marc didnt take spending money as his trading is becoming more profitable?
@KatieoftheHouse
@KatieoftheHouse 15 күн бұрын
That’s a great perspective! This year as a whole has been a HUGE improvement over last year, even though June felt a little slow. I still have no checked the “other way” yet, Jon! I’m sorry! I will though 😅
How To Save $10K Effortlessly: 6 Saving Tips
14:32
Vincent Chan
Рет қаралды 894 М.
100❤️
00:19
MY💝No War🤝
Рет қаралды 23 МЛН
Red❤️+Green💚=
00:38
ISSEI / いっせい
Рет қаралды 74 МЛН
Harvard Professor Reveals the Worst Thing To Do with Your Money
29:32
WHICH DEBT ARE WE TARGETING NEXT? || NEW DEBT PAYOFF GAME PLAN
11:21
Katie of the House
Рет қаралды 1,9 М.
JULY 2024 BUDGET || FOCUSING ON DEBT & BONUS CAT FOOTAGE
9:51
Katie of the House
Рет қаралды 1,6 М.
Donald Trump speaks for the 1st time on the assassination attempt
14:17
FOX 9 Minneapolis-St. Paul
Рет қаралды 7 МЛН
How To Manage Your Money Like The 1%
12:45
Vincent Chan
Рет қаралды 763 М.
WHY YOU CAN'T STICK TO A BUDGET
18:35
Katie of the House
Рет қаралды 1,1 М.
Morgan Housel: What You Need to Master (And Avoid) to Get Rich, Stay Rich, and Build Wealth
1:34:19
TRANSFER TUESDAY || A ROCKY START TO PAYING OFF FEDLOAN 5
10:53
Katie of the House
Рет қаралды 1,5 М.