Ryen & I are talking about our January 2021 budget numbers! Not only do we show where our dollars went, but we also discuss our failures and what financial …
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January 2021 Paycheck Budget Recap | Budget Tips + Savings Goals
Search related to the topic January 2021 Paycheck Budget Recap | Budget Tips + Savings Goals
#January #Paycheck #Budget #Recap #Budget #Tips #Savings #Goals
January 2021 Paycheck Budget Recap | Budget Tips + Savings Goals
financial goals worksheet
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I love watching Ryen’s budget videos because I am budgeting with payoff debt too. Thank you!! 💜
I am so thankful for your content and community. Thank you!
Does anyone know where she keeps her sinking funds or other savings? Does she have various separate bank accounts or does she keep large amounts of money in envelopes? In other words, how does she keep her saved money for different categories separated ?
What pet insurance do you have?
I am hooked on your videos and am starting my budget by paycheck journey this month. I would love to see a more updated set up of your budget. Especially Ryen's (with debt) but also you talk about cash flowing smaller birthday and expenses. How do you do this? Is it treated as a bill or a one off envelope for the month?
This video JUST answered all the questions I had while doing my February recap. INFLOW makes so much sense now. Plus calculating the savings based on actual income vs. inflow. THANK YOU!
do you count sinking funds as savings?
Do you have any tips for someone who doesn’t have consistent work? I’m a college student who is only able to work over summers and winter breaks and struggle to determine how much I need to save and make in order to stay afloat during the semester
I don’t see mortgage or rent in the category. Is this in a different area?
Kumiko where did you purchase your label maker?
What kind of bank should we have for the big sinking funds?
I'm new to this budget thing but I'm focused hard because I wanna get a home for my family!
I addressed the issue of inflow as 'added budgeted income' about two years ago. I realized the need to account for funds accumulated in previous months but used later on. I use the same idea you have about not counting those funds as income.
Thanks for the in depth explanation. I want to get started using TBM method, but first I have two questions. First, for food, do you include everything you buy at the grocery store like TP, paper towels, shampoo, etc? Or do you go through your receipt and separate those things into another category like household, health/beauty??
Second, my husband gets paid twice per month, so the BBP method works well. But I also have my own laundry business where I get paid through an app multiple times per week, and it’s variable from week to week. How do I include that income schedule and fluctuation into the BBP method? Thank you!
I love this concept of "inflow"! I started including cash gifts as income but it felt weird since it wasn't earned income but the different categories of inflow makes a lot of sense!
THANK YOU for sharing your thoughts on cars. Especially what you said at 3:26 minutes, "I've learned in my life sometimes convenience….smart convenience… our time is more valuable than the money that you would pay or save.". When I began my budgeting journey, I was leasing a car. When the lease was up I decided not to lease again, instead I was going to buy a used car. The entire process took months and it was very stressful. I know there is no perfect way to buy or sell used or new cars. There are many options, and we all handle stress differently, but not many budgeting experts talk about decision-making stress equity. They don't talk about the stress that goes with this process, especially if you are a person who does not know much about cars. Thank you for acknowledging this truth 🙂
I'm not sure the revised way of calculating % saved is accurate. Rather than inflow I think of it as available funds. What % of funds available to me did I save. Say I have 100 dollars for my partners birthday in a sinking fund but only spend 90 dollars on his present, then the remaining 10 dollars is available to me to either spend or put towards other savings goals.
I would be interested to see your savings and sinking funds funding separated. I feel like sinking funds aren't really saving–they are budgeting for a future planned expense. Just a thought. I totally love The Budget Mom–I've been doing budgeting by paycheck for years and years and I love the resources you have made available that allow me to finally track in a meaningful way.
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i love when you two are together doing the last months reviews!
"Inflow for cash flow" Love that!!!
That makes alot more sense. Alot of times I don't even record a sinking fund inflow, if I'm using the whole thing… like for Vacation.
I love watching these videos but if I may give some feedback: Miko please stop interrupting Ryen. She’s a very bright person and doesn’t need you to complete her sentences or to explain things she can explain for herself. 🤦🏻♀️
Hi, can you share your nail polish kit you used. I love the colour. Thanks for the great video.
How do you keep track of your checking account cushion as you use it so that you know how much you have to replenish? Do you use a separate spending tracker?
I love the Zebra mildliner set! Cute colors! I'll try to copy your scheme next month.
Asking again for international shipping on your workbooks
Reusable Menstrual Pads HatThatStore E T S Y
How can you track all your sinking funds as only eight goals in the book xxx
Have you done an hourly/ tipped worker budget? It's so hard to budget when I'm not sure how much its going to be from my tips!!
Absolutely love getting to see you and Ryen’s budgets together each month and hear you just chat as friends about them! So helpful and helps me stay inspired to stay on track!
Love these vedio it always reconfirm that I'm doing in my budget is correct
Private party is how I prefer to buy a car, its not a big deal to go to the loan holder and hand them the check they then give the extra to the car owner and give you the title (or your bank if you have a loan). I can pay my mechanic $150 to do a better inspection than the dealer will and I save $2850.
February is like the down time after having 1300 days in January 😂
I like to see both you and Ryen discussing the numbers. It also gives clarity on the process!
Do this budget planning in Excel Sheet and it will make your recording and tracking so much easier but I do understand Excel might be quite tough for those who never worked with it.
I feel too guilty if I cut my kitties' budget and don't cut mine LOL! I need to budget in some cat perches/trees for them as they've pretty much outgrown their kitten one. But I went overboard when I had dogs and was always getting stuff for them and only one played with toys so I finally learned to just replace her favorites when needed and get bones when I went for dog food. the fund for them is great too because as mine got older the lab needed that expensve acl surgery and both needed more meds as they aged and I had in-home euthanasia for each when that time came that included cremation. with the first I wasn't budgeting but with the second I was budgeting and didn't use the credit card.
From 17:00 to 17:55 I am sooooo 😕 confused. Inflow? Income? It all started to sound like Charlie Brown's teacher. Gonna go back to the beginning to get a better understanding
Thanks for the video..I'm realising that I'm traking my spending into my envelopes but not leaving room in my budget to save..I gotta work on it 😀
well another dealer give you more? My friend went to see what she could get for car if sold to a dealer. one dealer offered 2000 less for her vehicle than another dealer. It pays to check around.
I like Tyan but the other lady over talks her. Very irritating.
I’m so excited for Ryen to sell her car!
💜💙💜💙💜 Love watching your videos 💜💙💜💙💜
You have to pay CARMAX the difference at the time of the sale or pay the $3000 to your loan prior to selling it to CARMAX. CARMAX will NOT cut you a check. I worked for them for a few years so this how I know the process.
Hi sissy where did you buy the budgetting book?
It is worth 3 THOUSAND dollars to do the work to sell the car privately. If it takes 40 hours to sell it, it is still worth it. Return on Investment.
Try caravans Ryan!
Yes I like the “inflow” term better than “income” which felt inaccurate from an accounting standpoint. Inflow can encompass any transfer of funds from savings. I like it, your new method cuts down all the double counting and inflation of the savings percentages. Hope to see this more accurate methodology on the next set of books!
What if she paid it off now, so when she sells it she already has the title on hand regardless of what she sells it for? 🤔
I’m new to this channel today. Can someone tell me who Ryen is? She seems SOOO sweet and I wanna be friends. Lol