NET WORTH UPDATE | MAY 2024 BUDGET | Reaching Financial Goals | Budget for Beginners | MONETS MONEY

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  • čas přidán 23. 07. 2024
  • Welcome back for another video! On this channel I share my budgeting journey using the cash envelope system. Today I will be setting up my net worth for May 2024.
    All cash envelopes and additional products are from Monet's Money shop, links listed below!
    MY SHOPS
    WEBSITE: www.monetsmoney.com
    ETSY: www.etsy.com/shop/monetsmoney
    _________________________________________________
    Business Inquiries: monetsbudget@gmail.com
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    Monets Money
    PO Box 2512
    Westerville, OH 43086
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    AMAZON STOREFRONT: www.amazon.com/shop/monetsmoney
    FETCH REWARDS - Receipt scan app, 2,000 points referral code, URXB9
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    HELPFUL BUDGETING VIDEOS:
    Getting started with the Cash Envelope System • Cash Envelope System f...
    Learning How to Budget
    • Budgeting for Beginner...
    _________________________________________________
    Stay Safe Everyone!
    #lowincomecashenvelopestuffing #lowincomebudget #cashenvelopestuffing #cashenvelopesystem #cashstuffing #monetsmoney #cashenvelopes #cashstuffing2024 #cashstuffingenvelopes #2024savingschallenges #May2024budget #cashenvelopesystemforbeginners #sinkingfunds #Budgetwithme #Maybudget2024 #countingmoney
    -- TIMESTAMPS --
    00:00 Intro and Background
    03:56 Listing Assets
    11:56 Liabilities
    12:25 Net Worth
    14:22 Outro
    DISCLAIMER: LINKS MAY OR MAY NOT BE REFERRAL/AFFILIATE LINKS THAT PROVIDE ME WITH POINTS/ REWARDS/COMMISSION.

Komentáře • 58

  • @themomlifeco
    @themomlifeco Před 2 měsíci +23

    If I was 27 years old and have what you have going on I’d be so excited! I’m no money expert but paying debt off is so important before prioritizing investing! Your future self is freakin going to be like “dang girl you hooked us up”! You rock

    • @stephanielcowart6867
      @stephanielcowart6867 Před 2 měsíci +1

      It's good to pay down debt while investing. Your money makes you more money over an extended period of time. The longer it's their, the better it is.

    • @MonetsMoney
      @MonetsMoney  Před 2 měsíci

      You are right! Needed the reminder. Thank you! 🤗

  • @Soxandnicole
    @Soxandnicole Před 2 měsíci +7

    You're doing really well. All these 'supposed to have'' are to be ignore because your journey is yours and yours alone. My husband and I are 73 and 71, we're doing well but how we got there had nothing to do with all these 'supposed to have' and so, please don't beat yourself up. It's not worthed it. You are doing REAL GOOD.

    • @MonetsMoney
      @MonetsMoney  Před 2 měsíci

      Thank you for the kind words of encouragement. Appreciate you sharing and giving a different perspective! ☺️❤️

  • @TheJDaze
    @TheJDaze Před 2 měsíci +4

    Trust you are far ahead then most 27 year olds that I know. Great job. Yayyyy to a positive net worth ❤

  • @valdvons
    @valdvons Před 2 měsíci +2

    Great achievement. I don't think there are a lot of young people thinking like this, so you are helping them and older people as well to look at the numbers.

  • @themomlifeco
    @themomlifeco Před 2 měsíci +4

    You’re truly an inspiration and you have to do what works best for you! This is how you’ve gotten so far by you doing you! ❤❤❤

  • @carolynbailey5238
    @carolynbailey5238 Před 2 měsíci +3

    You are doing great in your journey! Trust me, I didn't have my financial act together when I was 27 (and that was a long time ago). But the company match over time is what really adds up over the years! (Yay time value of money!) I really enjoy watching your videos!

  • @stephanielcowart6867
    @stephanielcowart6867 Před 2 měsíci +1

    You're doing great. Congrats! You're above average for your 401k based on your 20s. You have a few years to so you'll be way ahead at 29. I do encourage you to take the car out of your net worth calculations. It's a depreciating asset so it'll decrease every month almost. I started tracking this way as well and wish I didn't include the car at all. I'd go with the lesser number of $28,910.

    • @MonetsMoney
      @MonetsMoney  Před 2 měsíci

      Appreciate the suggestion and the encouragement!

  • @teresanorcome8435
    @teresanorcome8435 Před 2 měsíci +1

    this is a great start to your future, i wish i would have found you back when my life was a mess, with 10 credit cards i now have 2 left and knowing that having debt is not joyful, i can now see were to go in my path to financial freedom, saving has always been hard to do with debt hanging over me, i like the way you celebrate the small milestones in your life, i celebrate them with you as my way to keep going, you are helping me sooooo much, be encouraged, be joyful, the only way to get to were your going is to walk the path but don't forget to enjoy the scenery!!!!!❤❤❤❤

    • @MonetsMoney
      @MonetsMoney  Před 2 měsíci

      Congrats on your success within your journey so far! 🥳 I’m happy that I can offer encouragement and love that we are going through this together. ❤️ Thank you for keeping me motivated!

  • @MakeMoneySaveMoney111
    @MakeMoneySaveMoney111 Před měsícem

    Hi Monet, thanks for sharing another great video. 💚

  • @SaveNStuffwStephanie
    @SaveNStuffwStephanie Před 2 měsíci

    I’m so proud of how far you’ve come!! ❤🦋 Keep going

  • @ceceliacarter1670
    @ceceliacarter1670 Před 2 měsíci

    ❤❤❤ Keep it growing Monet. I'm very inspired.

  • @Tmichelle283
    @Tmichelle283 Před 2 měsíci

    Great video!❤

  • @lilchonkstudio
    @lilchonkstudio Před 2 měsíci

    This was so inspiring! You’re doing amazing 🎉

  • @user-tc6zk1sf8s
    @user-tc6zk1sf8s Před 2 měsíci

    Great video. You are doing an awesome job 👏

  • @Dovexbeloved
    @Dovexbeloved Před měsícem

    This is such a great idea for a series

  • @BarbaraMoore-ju1he
    @BarbaraMoore-ju1he Před 2 měsíci

    Well done Monet, you're doing great 🥰🥰🥰

  • @erlindamikal
    @erlindamikal Před 2 měsíci

    I'm so proud of you!!!!!!

  • @yagirlLO
    @yagirlLO Před 2 měsíci

    I love the new stuff that you are doing with the vlog. Super proud of you!!

  • @fruitbowlk
    @fruitbowlk Před 2 měsíci

    You are doing a great job.

  • @GloriaGarcia-vs1ht
    @GloriaGarcia-vs1ht Před 2 měsíci

    Thank You 🌞, That's Awesome

  • @user-fb4nx6uz2e
    @user-fb4nx6uz2e Před 2 měsíci

    You are doing fantastic just keep on going.

  • @smokinhranch370
    @smokinhranch370 Před 2 měsíci

    As a 26 (almost 27) you are doing amazing. I honestly have no idea what’s in my 401k stuff😅 and owe a family member over $2,000 as my only debt

    • @MonetsMoney
      @MonetsMoney  Před měsícem +1

      Appreciate the positive support ❤️

  • @thebudgetevolution
    @thebudgetevolution Před 2 měsíci

    Hi 👋 thanks for sharing 😊

  • @budgetingwithkrztofr
    @budgetingwithkrztofr Před měsícem

    Great video

  • @user-pt4dp4ek1f
    @user-pt4dp4ek1f Před 2 měsíci +1

    I wish I was where you are at age 27! Heck! I wish I was where you are at age 40! Where were you upteenth years ago when I was up to my ears in debt. You are doing amazing!

    • @MonetsMoney
      @MonetsMoney  Před 2 měsíci

      Thank you! Learning to not be so hard on myself

  • @rosamondhazell2149
    @rosamondhazell2149 Před 2 měsíci

    Monet you are doing well. I am retired and I am able to live comfortably. Forget what those people say about suppose to have. Continue your journey, your older self will be proud of you ❤️

    • @MonetsMoney
      @MonetsMoney  Před 2 měsíci

      Thank you! I will keep this in mind and keep doing what I can 🤗

  • @yagirlLO
    @yagirlLO Před 2 měsíci

    It's been 4 years already :) OMG!!!

  • @claudiathomas9001
    @claudiathomas9001 Před měsícem

    Not us going through the same thing at the same time 😳 only a few differences but enough similarities that I stopped in my tracks lol

    • @MonetsMoney
      @MonetsMoney  Před měsícem

      Lol, love having a similar experience 🤗

  • @Allenuhh
    @Allenuhh Před 2 měsíci

    Something I've heard that made sense to me about the "401k by age" numbers is, you didn't make what you make right now for your whole 30s. Think of what you made when you were 20, or 21, 22. It wasn't what you make now. It takes time to catch up. If you got a raise at 29 it wouldn't be fair to yourself to suddenly have that new goalpost you didn't even know about. If you've got more, great, but it's not a one size fits all number.
    I'm at a similar age so just wanted to add my two cents. I think you're doing awesome 🥰

    • @MonetsMoney
      @MonetsMoney  Před 2 měsíci

      That is a good point. I didn’t take the time to think of it like that. Thank you!