BUDGETING 102: Step by Step Process to Save More Money

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BUDGETING 102: Step by Step Process to Save More Money

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Күн бұрын

Get smarter with Masterclasses by LLA
Capital Gain Masterclass: cg.lla.in
Employee Rights Masterclass: er.lla.in
DEMAT ACCOUNT: link.labourlawadvisor.in/demat
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Good Budget website: goodbudget.com
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Good Budget app: bit.ly/3tPg0Yn
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Chapters:
0:00 Intro
1:10 How to follow the video?
1:50 How am I making this budget?
2:38 Free vs Paid
5:11 Understanding dashboard
6:11 Adding accounts
8:43 Adding Envelopes
14:15 Filling Envelopes
17:41 Adding transactions
22:45 Entering Cashbacks/ Credits
23:35 Transfering money b/w envelopes
24:36 Using an app to add expense
25:30 Adding Income
26:29 Filling Envelopes (next month)
27:15 Paying EMIs
30:04 Using Free Version
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Download budget excel: bit.ly/2PHymvO
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Newsletter: labourlawadvisor.in/newsletter/
Instagram: / labourlawadvisor
Twitter: / advisorlaborlaw
Telegram: @JoinLLA
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Money-Minded Mandeep:
Instagram / labourlawadvisor
Twitter: / 0mandeep7
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#LLA #savemoney #budgeting

Пікірлер: 194

@LabourLawAdvisor 3 жыл бұрын

DEMAT ACCOUNT: link.labourlawadvisor.in/demat Good Budget website: goodbudget.com Good Budget app: bit.ly/3tPg0Yn Download budget excel: bit.ly/2PHymvO

@suryavamsi2211 3 жыл бұрын

Hey Indmoney app automatically tracks alll your savings and expenses . I'm using that and I'm loving it. What's others opinions on the app?

@LabourLawAdvisor 3 жыл бұрын

@@suryavamsi2211 it should help you identify your spending pattern, scope of saving money on expenses, plan your expenses for the month. If it's doing that, then you don't need good budget

@Shubham-uz2mj 3 жыл бұрын

@Labour Law Advisor I loved your technique in budget making and I tried applying it. However things got little confusing while tracking credit card and cash expenses as we pay cash in current month and credit card bill in next month. If you could tell how to manage this in months budget. It will be really appreciated.

@singhvishal2858 3 жыл бұрын

Impressive content, since I learnt a bit of personal finance I have been saving and investing a huge part of my monthly income which has improved my finances.

@AnkitPatel-bq5uf 3 жыл бұрын

Savings is just a tool, it doesn't get you wealthy. To be wealthy savings need to be allocated into wealth generating portfolios or businesses.

@hanshkumar2764 3 жыл бұрын

@@AnkitPatel-bq5uf true, saving without investing earns no profits.

@aaravshivansh212 3 жыл бұрын

Since the beginning of the year I started saving I have over 5 lakhs, but I don't knw what to invest into.

@sanjayrohit2833 3 жыл бұрын

@@aaravshivansh212 you could invest in good paying stocks, it the best opportunity to get profitable in a short while.

@aaravshivansh212 3 жыл бұрын

@@sanjayrohit2833 I have just watched a couple of videos, no real ideas on how to achieve that.

@Rishi-gl3kf 3 жыл бұрын

you have no idea, how much value your content has provided for the students, thank you buddy, I wish you could add English subtitles so that more south Indians could understand and consume such quality content

@LabourLawAdvisor 3 жыл бұрын

I would soon make these in English, on our new channel called LLA English

@LabourLawAdvisor 3 жыл бұрын

Thanks :)

@Rishi-gl3kf 3 жыл бұрын

@@LabourLawAdvisor we are waiting !!

@AbhishekJahagirdar 3 жыл бұрын

This series is Pure Gold 🔥

@hetshah8605 3 жыл бұрын

Which series ? please give me a link

@omkardeshpande7482 3 жыл бұрын

Thanks Mandeep! This way of budgeting is an eye opener... Will implement it from now👍

@sandipghosal09 3 жыл бұрын

Thanks a lot Mandeep for such wonderful insight on budgeting. Last night I setup goodbudget account/envelops, and I started seeing how much extra money I did spend outside my budget. This already started showing the value of good budgeting. Please keep growing and make such videos with wonderful content.

@LabourLawAdvisor 3 жыл бұрын

I'm really happy that you're already making so much progress ❤️☺️

@sumannag3591 3 жыл бұрын

Never been this early, Thanks brother, you are literally creating an awareness among youth 😊

@bipin2295 3 жыл бұрын

I started using good budget after watching your previous video only.. It's really great

@SatishKumar-uw1je 3 жыл бұрын

Yeah ☺️ me too 😄 really great 😊

@hetshah8605 3 жыл бұрын

Please give me a last video link

@sanjaygaur3084 3 жыл бұрын

Every youngester who just start earning should prepare budget. This will surely help to attain financial freedom in easy manner.

@sanjaygaur3084 3 жыл бұрын

Question: How can I get my PRAN number I still not got it?

@rajanchauhan8140 3 жыл бұрын

Thanks a lot for this valuable knowledge 🙏😇

@prasoonpareek5026 3 жыл бұрын

Mujhe lagta hai tum jaldi hi financial freedom achieve kr loge, ya may be kr bi kiya hoga👍

@rakeshsharma1712 3 жыл бұрын

First of all, Thanks Mandeep bhai for creating this useful series :) My Guilty pleasure: Bi-weekly Pizza treat :)

@ankushkhanna9061 3 жыл бұрын

Loved the video. Have you read "Your money or your life"? There is a very interesting concept of life energy spent while budgeting and thinking about expenses. Might be a great idea to add it as an extension to this video.

@darkeagle5451 3 жыл бұрын

Increasing index fund expense ratios and increasing in long term capital gain taxes Aren't these turning out to give tough time to investors , what should be the approach when an investor plans for a goal and they are being disturbed due to things like these ????

@ROHITBAPI 3 жыл бұрын

I am not an agent but I have a Aviva ismart online plan. Due to my confirmation bias I want to see that it is in top 3.

@soumyadipchakraborty1664 3 жыл бұрын

Hello, I am a student & my age is 19. But mujhe ye budgeting ke bare me sunke interest laga 1st video se & Mai Pura 35 minutes constant dka. Mandeep bhaiya apka content hamesha hi hatke hota hai aur encourage bhi rakhta hai. Thanks to you for giving your knowledge free. Bass aishehi content laya karo😀❤️

@hphade96 3 жыл бұрын

Thanks, bro!! Really appreciate your detailed efforts and explanation. Honestly, my expenses arent so vast so not needed but this concept would definitely help me to re-think.

@LabourLawAdvisor 3 жыл бұрын

Thanks :)

@Rockford001 3 ай бұрын

Its necessary to get the knowledge of money management in schools. It's helps a lot

@HimadriChandrikaShorts 3 жыл бұрын

Sir, January se kakeibo method follow kar raha hoon. Apna annual budget banaya hai or usko weekly budget break down kiya hai. Abhi tak poora follow kiya hai.

@rakeshporandla3042 3 жыл бұрын

Amazing work......very helpful information

@ROHITBAPI 3 жыл бұрын

This has reference to best term plans. Kindly update the best plans I think u sud add new CSR and amount rejection ratio also. Aviva might come in top 3 now as per new reports.

@ROHITBAPI 3 жыл бұрын

I am not an agent but I have a Aviva ismart online plan. Due to my confirmation bias I want to see that it is in top 3.

@ajtajt6962 3 жыл бұрын

I have 3 share of alkyl Amin What will happen after stock split of 5 to 2

@maheshnaik9857 3 жыл бұрын

much better app than walnut.

@AbhishekKumar-ub6jx 3 жыл бұрын

Please make video on How to invest in US stock market !!

@madhusudanpadhi36 3 жыл бұрын

please add this question in your next video," How to change an term life plan, if my income is increased?"

@ramankumarmahato 3 жыл бұрын

Brother, please make a video on free look cancellation. I am struggling with a company to get my policy cancelled, even had to go upto irda for this. Just thought people should be aware of free look cancellation and how to utilise this. I can share my experience if you wish.

@TheXavierSinghh 3 жыл бұрын

Can you please explain in brief here?

@ramankumarmahato 3 жыл бұрын

@@TheXavierSinghh So basically there is a 15day period after the policy is issued in which you can get it cancelled. This is basically to protect consumers against fraudulent agents which sell policies with wrong information. After a policy is issued you have to read the long list of terms and conditions and figure out if the policy suits you, if not you can get it cancelled.

@deepak1725 3 жыл бұрын

Thanks, but rather than giving my details to some website, I will prefer to write it offline in some Diary.

@LabourLawAdvisor 3 жыл бұрын

Your decision. But you're not actually linking your bank account, you are just writing numbers. And those numbers can't be verified by the app because you didn't link anything to them. Similarly, you are not asked to link your PAN, Aadhaar, etc. Any indian app (especially that reads your sms to automatically map your transactions) is taking crazy amount of data. Pan and aadhaar included.

@lavesh90 3 жыл бұрын

Kudos to you man!👍 Superb in depth explanations and yes... Try rapping.. you have great flow... 😁

@LabourLawAdvisor 3 жыл бұрын

Hahaha, i will

@aakashsharma7944 3 жыл бұрын

Thank god i subscribed to this channel.

@aalapdesai4698 3 жыл бұрын

Very helpful... Thanks a ton...

@yogenderpal2463 Жыл бұрын

Bhai aapne meri duniya ki sabse badi problem ka solution de diya h yaar. Dhanyawad

@subhankarghoshal3155 3 жыл бұрын

When to Exit From Mutual Funds?" please make a video on this topic.. i am a beginner in investing..

@AjayKumar-ox9bs 3 жыл бұрын

Jo every year spending hota hai... Usse invest karna chahiye ? Agr ha to kha. Your thoughts?

@Yash-yl7vg 3 жыл бұрын

Thank you!!

@Parmvir_singh_saini 3 жыл бұрын

Do I get Health insurance separately for me & my wife?

@exploreanimals4199 3 жыл бұрын

Yes, you can apply separately.

@surajrathod 3 жыл бұрын

Also, suppose my credit card billing cycle is 21and my salary and bill pay date is same for example 10th and if i started this budget app and i have any pre-EMI which is on a credit card so how can i add this in-app

@MrRKvlogs 3 жыл бұрын

Very useful Information Boss 😊👍👍

@AdarshSinghadninjazz Ай бұрын

If some expense is done quaterly how to mention that in this planner ?

@ranjeetsinghchouhan1217 3 жыл бұрын

U r awesome bro🤟 keep it up👍

@saurabhhirve27 3 жыл бұрын

Thanks for the information. How do you suggest managing/tracking the amount transferred to demat account for trading/investing?

@LabourLawAdvisor 3 жыл бұрын

Either don't record it, because the purpose of budgeting is to keep manage and optimise expenses. Or, you can make a goal envelope and allocate in it, the amount you invest. Or, you make another account just like your bank account and make an account transfer. Bank to stocks, or bank to mutual funds. I think 1 and 2 much easier and practical

@saurabhhirve27 3 жыл бұрын

@@LabourLawAdvisor Thank you ♥️

@hsaradatvm 3 жыл бұрын

Can you recommend an app which can be shared by both husband and wife? Meaning I need one account that both of us can access and track the family budget.

@1hindu-sthaani558 2 жыл бұрын

Initially Excell share kar lo 😄

@harikishangullapalli Жыл бұрын

Thanks, Mandeep. Good content, can be simplified using technology. I am working on an idea. Thanks anyway!

@user-dk9yj5dd8i 3 жыл бұрын

Thanks Sir ji 🙏

@tamalpal9161 3 жыл бұрын

My Netflix subconscious is my Bad Habit

@Bankerayushiasthana 2 жыл бұрын

It's of great help, thank a lot sir.

@techppnodia7908 3 жыл бұрын

I have a small question about MutualFunds: I know that SIP is better than Lumpsum as it will invest periodically. But if some time i miss one month sip for any reason, then i will have to pay fine for it. But my question is, can i choose to pay my specific amount (let's say 5000, which i was doing before as sip monthly) as lumpsum every month. so that if i skip one month out of 12 months, I won't have to pay fine for it and my investment will be also periodic. Can i do like this?

@darshaniteltumbade3739 Ай бұрын

Thanks bro

@nitingaur899 2 жыл бұрын

Sir kya ye app sach m Bank account se money envelope me transfer kar sakte hh 🙏 reply

@vidhayakcheems1710 3 жыл бұрын

Car ki video banao...how you saved money on your car.

@prashantbabar61 Жыл бұрын

Tried to install app on laptop but not done. Please help me for install and sign up.

@driftking476 3 жыл бұрын

Thank you so much for making such detail exp. 1 thing I can say for sure Mandeepbhai you are not married yet, hahaha...ek baar shadi ke 1 saal baad video banana pls ...haha

@prathameshkhadakban1485 4 ай бұрын

Awsome , Thanks a Lot

@THE_UPSC_GIRL369 3 жыл бұрын

Bro I lost my father 😭 last month ... I completed my 12th .... I need to earn money to take care of mom and sister .... I want to study but now I can't 😭😭😭 .... Pls say any job that I can do from home bro ... I don't have a laptop 😭

@SatishKumar-uw1je 3 жыл бұрын

Lost my words 🥺🤕. You are strong . Listen don't stop study. If you like teaching have have good knowledge. Then you can do offline and online teaching giving 2hr on each. Really it helpful my friend are earning a good amount to handle own expenses while in college. Some app also in playstore there you can teach online for some hours and give tution to children 😊 your positive vives when will came in effect teach neighbors children . If you can't start really helpful. Whatever you are in cities village you can do . Start from today. Start exploring.

@THE_UPSC_GIRL369 3 жыл бұрын

@@SatishKumar-uw1je I searched bro didn't find any ,I don't have guidance 😭 i... Which apps bro ? I would like to teach online 😭☹️ but no proper guidance, I can write well too ... I'm a merit student but have to stop studies now no money so Clg rejected me for admsn 😭😭😭..... If I earn money this year I will study atleast next year 😭 but unable to find a way 😭

@SatishKumar-uw1je 3 жыл бұрын

@@THE_UPSC_GIRL369 start from teaching neighbouring child approach them and wait i will share to you that app also. Try best hard. God is always appreciate hard work of a man 🥺 don't loose hope buddy.

@THE_UPSC_GIRL369 3 жыл бұрын

@@SatishKumar-uw1je I tried but due to covid they are not paying ... If online I can earn atleast for my house expenses, mom n sis medicines 😭😭😭

@YouAndImpact 3 жыл бұрын

Very helpful video 👍

@Raviytb Жыл бұрын

Manualy add karne kai time nahi hai bhai, auto update hai to batao.

@kartikjain336 3 жыл бұрын

What is the name of intro song koi bata do plzz

@aalapdesai4698 3 жыл бұрын

Big fan bro

@gurvindersingh9451 3 жыл бұрын

Dear Sir, I have 2 uan, After online transfer, money got transfer in new UAN new no., but service history does not got updated, it is still in old UAN. Please help, how to get updated service history

@3DMestro 3 жыл бұрын

Hi Thr is this issue while refilling the envelopes. Say on 1st may i filled the envelope and few envelops gone into negative while do transaction (due to overspending in that envelope). So when i am refilling it in for this month i.e. 1st june then i am getting less amount in that envelop. Because that negative amount already gone debited.

@kaushiksorathiya8202 3 жыл бұрын

one can also make excel sheet which can emulate this app. just gui will not be that good...

@shubhamchaurasiya4943 4 ай бұрын

Volkswagen vento h apke pass 2015 top modal😎😎😎😎 diesal vali

@kaushiksir5281 3 жыл бұрын

Mandeep bro your budgeting app is so confusing......best and simple app for all kind of people's are DAILY EXPENSES 3 VIEWERS u can check this for simplicity I m not promoting this app....I m big fan of Mandeep brother 🙏 Suggestions 1. write ur expenses using Mandeeps budgeting exel data seet from 1st video 2.Record ur budget in daily expenses 3 app Mandeep brother sorry but this video was so long n not helping me to much and ur budget app/site so expensive 💔

@LabourLawAdvisor 3 жыл бұрын

I understand bro

@chavanshubham712 3 жыл бұрын

Please make same like video on Money lover app and desktop version.

@akash4043 4 ай бұрын

Is there a option to collaborate ?

@AkanshSaxena0 3 жыл бұрын

12:37 Buri Aadat 😂

@LabourLawAdvisor 3 жыл бұрын

😂

@Fit_foodiebachelor 3 жыл бұрын

Ooo bhai mauj kr di

@bhabani.dash89 3 жыл бұрын

Please make one video on NRI investment options in India

@sheetalkumar1420 3 жыл бұрын

Hello sir off-topic but i am a intraday traider my investment is 30,000 if i put this everyday for 2 month it will cross 10 lakhs and they say you can't cross 10 lakhs in a year or you will be under SFT(Statement of financial transactions) so what can i do

@lakshmi3900 3 жыл бұрын

Can we have a video on credit cards...how yo manage cc..is it good to have one etc....

@ghandbhosdi 3 жыл бұрын

Very nice

@Cricketkeedasubscribertarget 3 жыл бұрын

❤️❤️🔥🔥🔥🔥🔥

@TheAbhiD 3 жыл бұрын

Zerodha login doesn't work!

@NoOne-dv3gh 3 жыл бұрын

Kakeibo app is best

@shaileshjain1720 3 жыл бұрын

Bhai bhai..please cryptocurrency per video..bada craze h is gambling ka..kyuki investment to Mujhe ni lagta..🙏🙏🙏🙏🙏😀

@seemamanhas9498 2 жыл бұрын

Please tell about best saving plan

@seemamanhas9498 2 жыл бұрын

Please tell about best child saving plan

@AkashYadav-hc5oc 3 жыл бұрын

Sir NPS par ek or video banaye Jis me hame pata chale ki agar death ho jaye ya wife death ho jaye to pension kise milega. Please aap es par video banaye mujhe NPS lene se pahle pata chal sake? Please agar aap video banayenge to reply kare me wait karu NPS lene se pahle.

@AkashYadav-hc5oc 3 жыл бұрын

Thanks sir

@AkashYadav-hc5oc 3 жыл бұрын

Sir Your Whatsapp 8482752617 not so

@LabourLawAdvisor 3 жыл бұрын

Akshay bhai, fake labour law advisor aur real me difference pehchano. Ye logo ko koi message mat karna

@AkashYadav-hc5oc 3 жыл бұрын

😮😔

@NoOne-dv3gh 3 жыл бұрын

🤘🏻🙏🏻

@SRKPrivate10 3 жыл бұрын

Bro... Please put the videos in english. I am from tamilnadu because I don't know hindi, i don't want to miss your content.

@vivekmohan8591 3 жыл бұрын

Etmoney app me online transaction apne ap aajata h.. Cash payments add kr skte h..

@LabourLawAdvisor 3 жыл бұрын

Does it offer envelope budgeting system?

@swapnil0708 3 жыл бұрын

@@LabourLawAdvisor Nahi, but catagory allocation diye hai

@LabourLawAdvisor 3 жыл бұрын

@@swapnil0708 Wo use karlo agar usse purpose solve ho raha h to, apne ko to paisa bachana h bas

@vivekmohan8591 3 жыл бұрын

@@LabourLawAdvisor No envelope system.. But category is there like Food, Groceries, investment etc. Also can add recurring spends monthly or annually.

@Bharatsainiofficial 3 жыл бұрын

Sir ji main 6 Sal Ek company Mein Kaam Kiya Hai Uske baad dusari company mein 2 month Kaam Kiya Hai Lekin pension ka Paisa Nahin nikal Pa raha hun. claim reject ho jata h Kya karu please help

@sumitshukla6489 3 жыл бұрын

But what about Excel????

@LabourLawAdvisor 3 жыл бұрын

What about it?

@sumitshukla6489 3 жыл бұрын

@@LabourLawAdvisor how do we use that??? I'm sorry, i do not wish to be rude, i love your channel. I just want to see all the live that you have done on Instagram as I'm not on it.

@kunalaggarwal22 3 жыл бұрын

Sir What courses you give to us if we open demat account from your link

@LabourLawAdvisor 3 жыл бұрын

I never said I'd give courses You can join the investor community though

@suveergupta 3 жыл бұрын

@@LabourLawAdvisor Bro.. There is one imposter giving his whatsapp no in your name.

@shubhodayashenoy7860 3 жыл бұрын

Kaash ki aap ek report bhi dikhate aur usko analyse bhee karte just for example. Itnee lambi video banaalee hai to kya WO report pie chart hai ya bar type hai ye to pata chalta .

@MankiratSingh 3 жыл бұрын

I do business.. So my income is not fixed.. So what should I do in budget

@LabourLawAdvisor 3 жыл бұрын

You still need to budget for needs (fixed expenses), and try to keep the wants lower

@a-119siddiquifaizanraees4 7 күн бұрын

doom scrolling

@mrunal871 3 жыл бұрын

hell thank you brother, it is really great way to track spending, facing littil issue can you please help me, Free version me phone application and web browser pe same pe logine nahi hota kay ? i am facing that issue

@LabourLawAdvisor 3 жыл бұрын

Ho jata h

@dayapirkot 3 жыл бұрын

I haven’t seen the full video but after seeing the your thumbnail that you can save 60000 per year. Lets see that an average employee have salary of Rs 40000 and saves 20% every month which is very difficult, it is easy to speak but lets assume 20%, after year end total saving will be approx 1 lac, and this goes on for 10 years with increase of 10% in saving for each year(as average increment in salary is 10% ) total saving after 10 years will be around 153000, now imagine after 10 year one has to marry , buy new car,(as you cant drive same old car) get a home for your family, and with this 15 lacs you cannot get anything with such inflation going on in india, cost of living in india is drastically increasing day by day. So this budgeting looks good only on papers but in reality ask a common man how he manages to keep him alive.

@shashankaryaofficial 3 жыл бұрын

10 years of disciplined investing this amount can easily double the money

@LabourLawAdvisor 3 жыл бұрын

Daya, gadbad kar di na. "I haven't seen the full video" ke baad jo bhi likh rahe ho that's just a generalization. That same common man, despite earning 40000 which is not enough, spends thousands of rupees on cigarettes, alcohol, gaanja. Sometimes he meets a nice girl and gets carried away, ends up gifting expensive things to her only to get rejected later. These are just two examples of how a "common" lives his life and then says your dialogue "I'm managing to keep myself alive" LOL. By the way, these 2 examples are of real friends of mine. They smoke cigarettes like it's their last day on earth, and they don't earn that well. They try to borrow money from friends at the month end. Of course there are exceptions, just like you said, I'm not denying that. I wish you had watched the video first. Budgeting helps everyone save money

@dayapirkot 3 жыл бұрын

@@LabourLawAdvisor yes i watched your video frequently, i watched your budgeting video that is why i wrote this comment, and according to you that everyone is smoking like hell, everyone is spending on their girls like hell, please go on ground and take report, how people are surviving, these examples looks good on corporate guys, i am living in small city but i know how difficult is to survive in big cities like in delhi etc, i appreciate about your efforts i like your videos, but ground reality kuch aur hi hoti hai bhai, people write comment when they expect more from you

@LabourLawAdvisor 3 жыл бұрын

@@dayapirkot that example is of my own friend, who definitely lives on ground. Also, I did acknowledge your statement that there are people who are unable to earn enough and struggling to manage money. Be a little open-minded, learn to take some criticism, that's how we can enter a meaningful discussion.

@dayapirkot 3 жыл бұрын

@@LabourLawAdvisor no comments