Can you do this but in other incomes? 2k, 3k, 4K, etc… maybe use percentages for all the categories. 25% housing….

Everyone is complaining but… I actually prefer Rachel’s budget over Dave’s extreme. People, this is still a tight budget. 50 dollar a month eating out isn’t going to break their budget (unlike many people spending 500-1k) it gives the person a tiny bit of leeway for once or a few times a month to grab food in case of something happening. I think this is a realistic tight budget. Good job Rachel!

Loved this. Would love to see more of these done. It would benefit those learning how to budget, how to use Every Dollar, and to improve on their current budgets. Thanks ❤

Thank you so much for sharing this Rachel. I'm a visual learner and this helps take the stress out of breaking it down. Please do this monthly with random "pop up" expenses and what that looks like.

That couple had a TON of extra money flying out the door they needed to tighten up.

This was awesome! It was great to see the baby steps process out of order. Please continue this segment. Would love to see this process with older adults on a fixed income.

I am surprised Rachel kept the allocation for savings toward their vacation to the Holy Land. With being in Baby Step 2 and supposedly being gazelle intense, I would have eliminated that savings since a vacation is a luxury, not a necessity.

IMO, Rachel is the most balanced & realistic of the Ramsey personalities. Unlike Dave, she shows some flexibility while sticking to the overall principles of the Ramsey plan. One example is the "Chick-fil-A" run of $50. Dave would have never supported that. As a result, I think this couple will be more successful under Rachel's coaching vs Dave's. If the plan is too rigid & unrealistic, people will lose interest in the plan and fail.

I love this real life budget!!! I would love to see more with varying incomes, debts, goals, retirement positions, etc. Love it!

This is great, would love to see this video becoming a full on series !

Really like a series for real life budgetting as you go through the steps.

Most people make far less than that. People who are struggling usually make minim wage or not much above it.

This is the best video!! I’d love to see these a couple times a month with all different baby steps and incomes.

Rachel, you need this every month please.

This was SO SO SO helpful a) to see everydollar in action b) to see you cutting things that maybe others wouldn't like lawncare or house keeping VERY VERY helpful ❤❤❤

Love this. Thank you for sharing. I would love to see you create a budget with no debt included; savings towards 401k, retirement, buying a home, etc..

Great video. Would love to see more content with lower income values. Social security, retirement, fixed or irregular income examples. :)

Are you kidding me? I would have a wonderful time budgeting 7 grand a month. I would be able to do and help so many people. Wow.

Don't worry "Never see the inside of a restaurant" is when the drive-thru comes in REAL handy...

Awesome real world examples Rachel, please keep doing this!

Love this type of video. Could you please do more for every type of situation, including for those past baby step 2? It’s a helpful visual and applicable to real life. But I’m confused why eating out, a trip, and savings for emergency fund are included? Dave would cut all in baby step 2…….

It would be interesting to see how you budget for a single retiree with a fixed income of $2000 from Social Security and pension, no savings or investments, and no debt.

Yes I would love for you to show us a variety of income examples. Also, a great show idea is to show us how to live on less than you make. For example, if your income is $75k, how can you live on 50k?

Appreciate the $0 budget example using the app, everyone's situation will be different and look forward (hopefully) to other types of budget situations. I like the "what if" senarios and how you went back and adjusted for the $100 "buffer". This is realistic with a $7k income... I'm sure there are other challenging income situations but, the budget will show if a side hustles and selling stuff for extra income is required to meet your monthly money goals.

I want to see Dave do one of these videos 😂

This did not feel like a baby steps budget. Shouldn't be taking a trip overseas while still in debt. (I wouldn't consider that trip "giving.") Adding $25 to the emergency fund isn't necessary if they already have $1000. And leaving money in for restaurants? Since when is that recommended? Dave should come in and critique Rachel's critique.

Thanks Rachel, This is a great video. Every Dollar has been the most incredible game changer for me; been using it for several years now.

I would love to see these at different income levels!!

I love this. I like that you showed the every dollar on a lap top. I’ve only tried it on my phone and didn’t care for it. But this I liked.

Hi Rachel! I love your channel and SMHH! I’d love to see you do more of these with more debt or less income, etc. Fantastic video!

I LOVED this video! I would love for you to do my budget. I have $183k in debt (almost all student loans), and I'm currently making $3600 in take-home pay. Looking to increase my income, but in the meantime, any tips I can get about how to tweak my budget would be REALLY helpful!

Yes, next time do someone who is struggling like 2-3k

I’ve been keeping a budget and working the baby steps since 2019 but next month will be our first month without a paycheck for my husband (who brings in the majority of our income). He is 100% commission and I’ve set aside a chunk of his last paycheck to hold us over a couple of months, but it’s still scary! We’re in BS3 and I feel like we’ll be here forever between the hike in our homeowners insurance (we live in South LA and been affected greatly due to recent storms), my son’s special needs (we have been unsuccessful in finding a summer camp for him the past few summers so we have to pay someone to watch him), hurricane repairs and building up a sinking fund for our deductible now that it’s so high, etc. We also bought a car in cash in October when my husband switched to this 100% commission job since his previous job came with a work vehicle. We’ll get there one day but wish I could feel like we’re making progress other than temporary progress which gets depleted without a paycheck or with hurricane damage, etc.

My only complaint with everydollar is there's no weekly or biweekly budgeting option

2 thoughts - 1) $7000 a month is not a realistic figure for most people as many, including myself, live on much less money a month. 2) I tried to use the app but I have different banks that I switch the funds to along with two accounts at the same bank. The app kept thinking I had almost twice as much income than I did. It counted all deposits as income when they were transfers between accounts. It was so frustrating that they would not keep the accounts & separate the funds (like adding my emergency fund monies as if it was available funds. Uugghhhh!!)

Car payment is paid 2x, under Transportation and the debt category, technically have another $499 to put towards the snowball debt.

This is pretty much my budget! Thank you for sharing! ❤

Great video Rachel! I would love to see more of these.

Do 2500/mo please

They probably have electric vehicles. The high electric bill and $0 gas budget would make sense then.

MORE BUDGET REVIEW PLS!!! Love seeing real examples!!

WTH, get rid of the pool, car, and do your own housework. Boom, $1,000 saved per month.

This was sooo helpful!! More of these please :)

I just cannot fathom making $7,000 a month unless maybe a physician or a big time lawyer. I raised my two sons on $2,000 a month and this included paying for life insurance and saving $20,000 each son for college. We saved $500.00 a month towards college for my sons entire life. Yes, we lived in a 100-year =-old home, with no a/c or dishwasher and only camping trips as "vacations" Education was our priory. No debts excpet our home mortgage loan. Somehow we did it on one income as well.

This is a fun series!!! Do more of these !!

The budget had the car lease listed twice. There is an extra $400 to throw at their debt.

Very helpful. If your do this again will you explain each line item as you go instead of I’m going to take this and not being specific

This was fun! Thanks Rachel!!

Rachel this was helpful but could you do a video on how to record money going in and out of your budget. When you pay a bill how do you record that money going out

Whether or not it’s smart to cut off the small 401K contribution depends on whether or not their company has a match for that contribution. Even if it’s a 50% match, that’s a much better return than the cost of 20% credit card interest. This is why the money guy channel prioritizes putting money toward the 401K match above paying off high interest debt.

Even if you take out pool cleaning and do it yourself, you still have to buy chemicals.

I love this idea and would love to see this every month!

I love that you showed the Every Dollar budget for those of us that are visual

Please do more of these!

Great video. Budget critique: A vacation shouldn’t be in the giving category just because it’s a vacation in Israel 🤣

I don't know how I got here, but starting loving it

I do mine on a spreadsheet. That app looks pretty neat though.

This was terrific!

Such a down to earth personality, love to see baby steps out of order. What is the app used?

Some people really need you! thank you for sharing

I love this series!!!

How will they have time for a side hustle is they are learning how to clean the pool and maintain the lawn. Time is more valuable than money.

Is there a reason to first pay off the lowest debt instead of first paying of the highest interest debt? (The only benefit I can imagine is psychology)

I really liked this Rachel!

That Home owners insurance of $675 has got to be the annual amount. So monthly that’s only $60 .

My husband and I have health conditions where we eat healthy, fresh and frozen. And have higher expenses for medical like item. We make ~$5,500 and have a mortgage. Budgeting is a bit trickier for us… but we also went through bankruptcy to get ride of credit cards so the amount of debt we need to pay off is wayyyy less now.

They have 8 Credit Cards and they're leasing a car? I'd cut those credit cards up and get out of that lease. No bueno.

Love this! So helpful ❤ thank you!

I like this new video idea! But I don’t know Rachel, I feel like you are giving too many fantasy budget numbers. The sacrifice is real, as you mentioned, but I find it hard to expect both parents, who have kids, to find a side hustle of $500/mo each after you just took out a lot of their free time which is now spent cooking, cleaning, and yard work. I do all my own yard work, it is never $0. At least put $20/mo to round out for fertilizer etc required throughout the year (especially if they have an HOA to keep happy). I’d be curious to know a few more unique facts about the family, like, what industry they work in or if they have major health problems they are working around.

Love this! Please do this more often!!!!

I make almost $7,000 per month as a single person who works the graveyard shift at a hotel making about $21 an hour, plus I rent out rooms in my house for a total of $2,650 a month. People talking about $7,000 a month as impossible should probably seek better pay or some passive or side income, because I doubt that many millennial workers work less hard than me if they work at all. Moving to a place with lower expenses and similar income or a place with higher income and comparable costs is also a good idea, if one doesn’t have the skills to make over 70K a year from their full time job. That said, it is very true that how much you keep is more important than how much you make. It is still very conceivable for someone making more money than me to be bad financially. When I made about 40k a year, I never would have thought that someone making over 80K a year like me could still feel like they live on a tight margin. But about 48% of my money goes toward housing and utilities. This sounds bad until you remember that this permits me to make my side income of around 30K a year. I put about 20% of my income towards investments, and that leaves me with about 32% for taxes, other necessities, transportation, savings and fun. That’s not a lot. After taxes, 401K, the money I put toward my Roth IRA per month and the housing per month that comes of my non-landlord job, I’m left with about $960 a month for food, transportation, savings and fun from my full time job paycheck. That’s not a lot. I could easily see someone like me not having side income from a home purchase, not contributing much to their investments and paying themselves first for more than $960 a month. I could see someone overpaying on a car, or doing other dumb stuff to end up paycheck to paycheck. It’s also very conceivable for someone house hacking like me to underestimate how much money per month really goes towards housing. My mortgage is about $2,200 a month. But housing is about $3,250 a month when I factor in everything for housing. A lot of people just assume that their mortgage covers about 90-100% of their housing costs. In reality it’s closer to only 70%. I also was able to qualify for my home thanks to my parent’s co-signing for me. They also covered about 20% of the down payment and closing costs. I was able to save for 80% of the necessary housing investment total by living at home for cheap for about 5 years. A lot of other people aren’t in that same situation. It is very true that it’s super hard for young people to buy a home without help from their parents. Especially if they want to buy in a high cost of living area like me. And I bought with a 3% interest rate. If I had waited and tried to buy my house today, I wouldn’t qualify. I’d need to get a smaller cheaper place. And that would get me less side rental income if any, and reduce the amount of equity that I would be making with my home purchase.

Would love to see these with the same income at different steps. Like $7k income budgets if in bs1,2,3; or bs4,5,6; bs3b; or bs 7

Loved this! Please do more!

More of these please!

Hi Rachel :) I hope we can also use the every dollar budget app here in the Philippines. Thanks for all your help.

Save four thousand, pay bills, buy food, l pay tithe, put aside for insurance, dental, eye care, property taxes, and Chrostkas with rest. Easy peasy.

What about taxes?

lol love how she was generous with a fast food run

can someone explain to me, please! what does Rachel mean by ‘’ giving ‘’

How would you budget $3,500 a month? This includes both mine and my husband's income

I like strict budgeting and agree with budgeting and avoiding consumer debt. I like Rachel. I noticed this budget was $7,200 income and of that $140 is being given to the church. With the tithe being traditionally 10%, that would be $720 for a tithe. Does the Ramsey debt snowball allow for reducing the tithe below 10% of take home pay to provide more money for the snowball?

Rachel, where the tithe?! They are saving for the holy land lol?! Also, did they have the lease twice???

Yes do this monthly, please! 🩷

This is really cool to see the hard numbers

We made 40k together and had 120k in debt. In Europe where you make less. Today we owe 25k and make almost 100k a year. Keep going guys.

Yo, my wife and I spend $1k/month on groceries. We are active so we eat all we have. How are people doing $450-$650 on groceries??

Please do more of these!!!❤

Rice and beans, no vacations and eating out. I don't understand keeping money in vacation and eating out. That is more than 125.00 per month. So much for gazelle intense

I welcome all ideas. Thank you.

Awesome budget example Rachel.

We make about $4k a month and family of 4 groceries(not including toiletries) is approximately $400-600 depending on the month

Can you please do a low income example? Around 2k 😊

I use every dollar. The free version. So much easier then using a spreadsheet.

How do I submit to Rachel my budget on EveryDollar? Would love to find out what she would say about my budget.

Who has 7k a month? Do someone with 2k

Could the music throughout the video be cut so its easier to pay attention.

I’m a Muslim so I don’t know. But if you’re in debt, you’re NOT religiously obligated to give any donations. God says PAY YOUR OWN DEBT FIRST!! Get yourself on the boat then help other people not drown.

I had a hard time wanting to click on this video because we make nowhere near $7000/mo. We live off 20% of that, so budgeting for an extra $5600 a month does not seem like a hardship. We have 2 houses paid off, no debt, fully funded emergency fund, etc, we are just frugal and choose to live off 1 self-employed income

I would put $3500 for vices. That is top priority.

Pool chemicals can cost $150 a month EASY even when you are cleaning it yourself. I hate my pool. 😂 also, I would have loved to see that church category get up to $720, the full tithe, but I get that not everyone believes in it or has the faith for it. 🤷🏻‍♂️