Yes, watch my monthly budget and how to start budgeting videos. Once you have a good plan and all your money has been assigned a job, it will help. Plus, make sure to give yourself some spending money every paycheck.

Same. But I spend when stressed, retail therapy. Like you due dates stress me out and I'm tired of just making it. I want to be able to spend and not feel bad when I do. Ugh!!!!!

Idea: as soon as you get paid, go and pay off your bills right away, even if they aren’t due. That way, all the Bill money is ‘protected’ from impulse spending. Option: have your Bill dates changed to be due the first few days after you get paid, for motivation to pay them. You can do it!

I’m an impulse spender as well.

I’m also an impulse spender,I was able to stop that by putting the items in my cart, walking the store putting things in I thought I wanted, then before I got to the check out, went back and put the stuff back on the shelf I didn’t need. I got the feeling of having it for a moment, but at the end didn’t buy it.

Brilliant!! Your mom did a great job teaching you and you taking that advice. Wow. Many younger people don't, such wisdom.

What’s a “CD”

@@tahzaebrown3367 - a CD is a “certificate of deposit“ where you agree to leave the money for a certain period of time and they agree to pay a certain percentage of interest. Back in the day we were getting like 10% give or take. It was brilliant. That is 10% over the span of the year, divide that by 12 and compound it. You could set up a CD for as little as six months or for as long for a few years. My mom put the money in for the same term as my car loan and made a nice profit while providing me with a very affordable note to pay, And the beginning of a real credit score. The interest rate is not great for CDs these days, in this country. Better in Mexico right now for a similar product.

@@tahzaebrown3367 A certificate of deposit (CD) is a type of savings account that you can get through a bank or credit union. It’s basically an account where you agree to keep a specific amount of your money in the CD without taking a withdrawal from it for a specified length of time (i.e. 6 months, one year, etc.). Banks and CUs have different options for the periods of time they offer. Withdrawing money early means paying a penalty fee to the bank. You can potentially get a great interest rate on CDs right now. CDs are a great way to make sure you save a specific amount of money over a set length of time. And excellent for saving for a specific goal, such as a car down payment, for example. Consumerfinance.gov and Investopedia have some good descriptions of CDs if you want to research CDs further.

You got this! I have no doubt you will meet your goals soon!!

So glad 😊

You are so sweet! So very glad to have you apart of the LymanJoy community!!!

I wish you the very best on your test and start in a new career. 😊

🙂 I love that!! Thanks for watching.

Thanks for watching and the encouragement. Glad your here!!

Praying for you 💜🕊️

It's been great to get things sorted out!!

for what else would you use it? if it's not too personal haha

It's such a free, amazing tool. ❤️

I am so very glad!! If you haven't already watch my how to create a debt free plan that works. It's an awesome way to create a plan customized for your situation.

You got this. It sounds like it is going to be an amazing year. 👏 thanks for watching and being apart of the lymanjoy community

I totally understand and have been there. Watch my behind on bills video where I discuss what to do from my own experience.

I am so glad!! 💓

Welcome! Glad your here, hope it was helpful and useful information.

Thanks for watching. 🙂

It will be so very freeing to gain that one month freedom and so on!! Keep up the great work!!

Hello, thanks for watching!!!

Awesome! Thank you, and welcome. I'm excited to have you a part of the LymanJoy community. 😁

Thank you, and welcome!! I am so glad to also have a fellow medical biller/coder apart of the LymanJoy community. 😊

Hello 👋 What kind of coding do you do? I do pediatric and family practice.

I do mostly inpatient and pain management in a small hospital. I also do a few days of transcription for the GI doctors.

Glad your here!! Welcome.

You got this!!!

Welcome, glad you found them helpful. Welcome to the LymanJoy community. 🙂

I am so glad it was helpful!!

@@lymanjoy It definitely was helpful. Thanks again.

So glad!!

Great place to start! Welcome to the LymanJoy community. 😊

So glad it was helpful! Every step forward is a step in the right direction. ❤️

Excited for you!! Such freedom in being one month ahead!!

M

16:00 😅😂😆🚴‍♀️🚌😅😅😊

Glad it helps 😁

Thanks for watching! 😊

Amazing great job!! It's definitely freeing to be a month or more ahead.

Times are changing, but as bizarre disasters keep breaking out...be aware that having cash on hand can be a useful life-saver when the power is out, when cash registers aren't working. For us, it meant being able to buy necessities when hurricane flooding took out grocery stores and hotels' ability to take credit payments.

Awesome!! I'm glad it was helpful!! What kind of coding do you do?

Definitely will do!!

I am excited for your new steps into this journey. I'm also happy my video popped up for you. Welcome to the Lyman Joy community. Let me know if you have any bumps or questions along the way. 😁

Yes, other countries have such a better health care rate. It's crazy here. 🙂

@@lymanjoy yes true 🩷

Thank you so much!!

Glad your here!!!

Thanks for watching!! Glad your here. 😁

Glad your here!

It's true, the time will be hard, but if you get debt paid off early. Or some side hustles going.. Maybe you can shorten the time by putting extra money into it.

Thank you for watching!! I think I got the sweater at khols. Love to have you apart of the LymanJoy community. 😊

@@lymanjoy Thank you for letting me know. I appreciate it.

AAPC or Ahima has great courses and tons of starting tools.

I have really enjoyed it. I have a typical bank, chase, so wealthfront is my high yield savings bank. I get 4.55 percent interest monthly. There are no fees for withdrawing and transferring money. I am able to pull my money out of an ATM on the same day. I can make different categories so I can have all my envelopes there as well. It's been great!!

You got this!! Gonna be a great year.

Glad your here!! Welcome

Such a great idea very, very wise. I will keep repeating the one month ahead till I am 6 months ahead of a very long goal, but one day 😁

This is amazing. Thanks for sharing. It's such a great idea on how to get ahead. Also wise to move money into a nest egg with the volatile economy. Thanks for sharing this!! 😊

@@lymanjoy Welcome! :-)

Can you move your Roth to a better investment manager?

@@bitrudder3792 No its managed by my employer

Yes!!! Will do I will put it on the list. Thanks for asking. 😊

For me, it's not a math problem as much as a motivational thing. I need this to motivate me. 98% of my extra goes to debt. The other just helps me stay on track while having a bit of fun to keep the path. I have tried dave ramsey 100% and just loose heart along the way. This is what works for me. But your right is not mathematical as good. So if you can give a 100% to debt, go for it!! ❤️👍

I was thinking the same thing lol. I definitely get it. I’m glad your closing saving challenges for this

Welcome, glad your here!!

Indeed!! 😁

Thanks for watching 😊

Yes, I can!! Thanks for asking. 😊

I would suggest using the calculator tool in the video because it calculates it all for you, based off how long you want to get to your goal and your individual interest from your high yield savings. It has been very helpful in calculating it for me. Then, it breaks down the interest. So my high savings account at wealthfront is 4.55 so you can also put that in the calculator. And it shows you how your money you put in there money will gain interest along the way. Whatever your interest % is just enter that in the calculator and it will tell you all the numbers. ❤️❤️

I love it!! Many, many of my subscribers have it too. My mother and sister do it as well and love it just the same. Not only do I love the savings, but you can make categories within it just like cash envelopes, and it's so easy to transfer funds. It has been a great experience.

So wise to be prepared!!

It is high, California is a hard place to live in. Lol

I was literally coming here to ask if you live in CA for it to be that high 😅 woo girl! You're doing great

Are you talking about the grinch scratchers or 100 envelope challenge?

@@lymanjoy yes! :)

@chesedgomez Here is ink to an etsy seller who has several of the 100 envelope box challenges. I can't find this exact one anymore www.etsy.com/listing/1521607454/100-envelope-saving-challenge-plant

No, all my bills are paid online, and then after bills, I do all the rest in cash. Check out my monthly budget with me. I usually explain a bit more. 😊

Wealthfront is insured, and I have really liked there platform. But they do not have a brick and mortar so you do have to transfer money from a main bank or use a ATM they are associated with near me.

Everything except the mortgage. Little secret, I will be sharing soon, but I believe in total helocs in the first position secured for mortgages. But I am transitioning mine into one now and will be sharing my experience for others to learn from but essentially making my 30 year mortgage paid off in 7-10 years. More coming on that soon...

Can I ask what type of billing, pcp, hospital?

Physical therapy

First, I have had to move to better paying opportunities. Always look for a job when you have a job that may move you up in pay. Next hospital billing may pay more look into that as well. But to be honest, it depends where you live. Lastly, contract billing can make more money, but you need more experience, so keep growing and look into the hospital, and it will naturally grow. 😁

@@lymanjoy ive never thought about contract billing. Ive thought about hospital billing. I had interviews but no call backs. The main reason was to work from home since i had a baby. But the pay cut was rediculous. So im going to reapply to the hospital. I really appreciate you getting back to me.

$1000 for emergency, then debt, then 3-6 months. This would fall more into the 3-6 month buffer, starting with one month. But I don't do dave ramsey exactly, with my oldest having 7 open heart surgeries I to do this a little different to survive. Each there own 😁

There are a few great options, but I use wealthfront. Here is the link. 🌟Wealthfront HYSA www.wealthfront.com/c/affiliates/invited/AFFD-PZ9A-LE2Z-XM7J

I think it's good to start with the absolute necessity, like expenses, variables, and debt. But once that is fully funded, then you can go further for savings. 😊

Ok, let's start with a solid budget, but when that's good, I would add whatever you can. Let's say you have $100 left over make that a one month ahead "bill." But put it in a high yield savings account instead of checking account to make interest while you save.

From amazon here is the link. amzn.to/4ax2YEA

The tool will calculate it for you monthly. But I see your point.

The 100 envelope challenge? I can't find this exact one. But here is one of my favorite etsy sellers she has a few styles to choose from. www.etsy.com/listing/1521607454/100-envelope-saving-challenge-plant

If you put the money you're saving into a high yield savings account as you save, it will also grow, helping you reach your goal faster.

I can resonate with that! Keep it up sounds like you have a great plan in place.

@@lymanjoy I an trying and I’m really Determined I just want to be better off for a while and this is the only solution as my bills are more than my income even with everything to the bone x

No, I would have that 1000 emergency fund first, then save enough to be able to cover all your bills, food, gas, and living. Which for me is a few thousand. That way, you will always have enough to cover an entire month. I keep my emergency for smaller things. Since 100 doesn't go too far.

I get that I have come from all walks of life. It's not about the numbers. Just put in your numbers and break down your wages, and see what you can do. This is just a template for an example.

Noooooo. If you're making a video you need to know your audience. The average household income in America is 70k. This means two folks bring in 4k a month after taxes (before 401k, loans payments, insurance). Only 20% of American households make 150k or more and ONLY 5% of individuals make 150k or more. No millionaire will watch your budgeting video--only folks in the bottom 50% will. This means your audience makes 1-4k per month and you are insulting them with a 8.5k example after taxes and retirement is taken out. Lastly, I find it very very very hard to believe a medical coder makes 150k. The average salary for a medical coder is 53k (3.5k after tax) in America. This means you make 3k a month (after taxes and a 15% retirement contribution which I hope you are teaching AND doing). 3k not 8.5k. That's what your coworkers and the average American make and there's nothing wrong with that. Please stop offending your audience and don't alienate them. You won't get views by making up fairy tales and bragging. You only said your budget was 9k to brag. You didn't do it to be honest so don't reply and say you did that. You did it to brag in case one of your friends finds out you made this video. Now post a video of you driving a Mercedes or a Maserati--your budget is 9k remember? Right, didn't think so. Bye. Hanging up the phone now. Stop begging for attention. Thank you and good night.

Watch my "behind on bills" video even if not behind, there is helpful tips to save money and find some wiggle room that you can put towards being one month ahead.

It is years of hard work to get here, but you can apply the principles to any set of income. Actually, the reason my income has grown is partly to all these methods. Mosty marriage we were at 40,000 a year so I get it. Keep working hard and budgeting it will pay off.

Unless you use it, I would encourage you to repeat the process 5 more time then you will six month ahead setting you up for safety and success.

Is there an area you want clarification?

California, 6 kids, 2 with chronic conditons....large costs. But I am also in a debt free journey. So, hopefully, less before I know it 😁

This is making a plan to get all your budget fully funded. So if your monthly bills and expenses are $4000. This help shows you how to use a high yield savings account and a certain amount of money money to get an extra $4000 saved. A great plan in place can help you get there.

ohh I see, kinda like building your emergency fund right? Thanks for replying!! @@lymanjoy

@@Mariamasmind Similar but using a high yield savings account to propel your savings forward and breaking you out of living paycheck to paycheck because you will always be a month ahead.

@@lymanjoy ohhhhh I was missing the traduction for high yield! Now everything makes more sense hahaha thank you! I will def rewatch the video to understand better!

Yes, lymanjoy8@gmail.com

Hello, welcome. Thanks for watching. Your youtube name is intriguing, I will go check you out. 😊

@@lymanjoy Thank You!