BUDGET WITH ME! how to budget & save at ANY income 💸
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- čas přidán 7. 06. 2024
- In today's video I'm sharing with you exactly HOW I budget and WHY I budget. Budgeting is the number one way that I stay mindful with my spending, and how I've been able to work towards my financial goals like paying off debt, saving and investing without necessarily cutting out the things that I enjoy everyday.
Learn more about investing with a little help from TD rebrand.ly/Christina-YT
I'll be sharing how I budget the after-tax money from my 9-5 job, where I work 4 days a week currently. For simplicity, I haven't included my side hustle income such as CZcams and social media. If you want another video talking about how I make extra income online, give this video a like a let me know in the comments below.
Some budgeting tools to try:
every dollar bit.ly/3UtFJmM (free & paid)
ynab bit.ly/3xGNa0d (paid)
personal cash flow calculator go.td.com/3DGrrcB (free)
mint intuit.me/3BWXaFl (free)
oops apple.co/3UnK4rM (free)
spreadsheet in video bit.ly/3T1ruEp (free)
✨jewelry is always Mejuri mejurifinecrew.sjv.io/vnQvrL
📸 Instagram / christina.mychas
📱 TikTok bit.ly/2WaELlQ
🍃 My Website www.minimalist-ish.com/
🛍 Low Buy Beauties Shopping Support Group bit.ly/2R3AHxC
💸 The Budgeting App I Use bit.ly/35SgX8G
👗 FREE Wardrobe Tracking Spreadsheet bit.ly/3lPJ8eu
For business inquires, contact: sarah.smyth@platformmedia.ca
Codes & Discounts (if you want to)🤘🏻
🍃ORGANIC BASICS - use code OBXSTYLE to save off 10% off your order
bit.ly/3BahXSG
👜SAMARA - cruelty-free minimalist bags & accessories (female-owned, from Toronto) get 10% off your first order with code CHRISTINA10 bit.ly/3kHWibA
🌸 MINORI - cruelty-free minimalist makeup (female owned, from Montreal) shrsl.com/3dmsl - use code CHRISTINA15 to save 15%!
FTC: This video is sponsored by TD. Items marked * are gifted. Some links are affiliate. Affiliate links provide me with a small commission at no added cost to you, and helps support my channel! Any financial discussions on this channel are for entertainment purposes only; not financial advice.
DISCLAIMER:
The information contained herein is for information purposes only. The information has been drawn from sources believed to be reliable.
The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance.
{NTD Mutual Fund Disclaimer}Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing.
Mutual fund accounts are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaranteed or insured. Their values change frequently. There can be no assurances that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Past performance may not be repeated. Mutual fund strategies and current holdings are subject to change.
Mutual Fund Representatives with TD Investment Services Inc. distribute mutual funds at TD Canada Trust. TD Mutual Funds and the TD Managed Assets Program portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank and are available through authorized dealers.
® The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.
TFSA
Annual contribution limit for 2021 is $6,000. Annual contribution limit for 2019 and 2020 was $6,000 and from 2016 to 2018 was $5,500. Annual contribution limit for 2015 was $10,000. Annual contribution limit from 2013 to 2014 was $5,500. Annual contribution limit from 2009 to 2012 was $5,000. Annual TFSA contribution limit subject to change by the federal government.
RRSP
Subject to conditions and eligibility. Subject to conditions on the type of RRSP.
The RRSP contribution limit for the 2021 tax year is $27,830, or 18% of the earned income reported on your 2020 tax return - whichever is less. Any unused contribution room from previous years is also carried forward, so it could be more. Pension adjustments may also impact the contribution limit. You’ll find your current RRSP contribution limit in your latest Notice of Assessment or by contacting the Canada Revenue Agency (CRA). - Jak na to + styl
Let me know if you want to see more budgets! I forgot to include clothing in this one 😅
I LOVE budgeting and your channel for years so, both combined? Yes thank you I’ll take 40 more 🤩🤩🤩
This was an excellent video, thank you. I appreciate your vulnerability of showing us your actual numbers and budgeting process. I’ve been out of school for 3 years, finally started into a real career, and the idea of having to pay for real life is daunting and confusing to me. My parents have been generous to me but haven’t set me up to understand all these things on my own. Please continue with the budgeting videos!
Yesssssss to all budgeting videos 🙌🏼
Id really love for you to show how you set yourself up using the app you use. I know you’ve said you’ve used ynab and every dollar in the past. Whenever I try to set it up.. I just get overwhelmed hah I feel like an 80 year old trying to learn how to use Facebook for the first time - lost!
Yes always more budgets!
It would be cool if you did a follow-up video at the end of the month to show how accurate your planning was along with any lessons learned.
Great idea!
Who else noticed how Christina chose the colors that make her shine 🤗
I’m applying my learnings! Haha 💚💚
@@Christinamychas you were always gorgeous :)
I love seeing that you include ‘giving’ in your budget! I think it helps us realize how we are not entitled to all of our $, we are instead to be good stewards of what we have been blessed with. Giving back has consistently been the one money mindset shift for me that has paid dividends far beyond anything a bank can offer (fulfillment, inner peace, purpose etc). It’s also something to do when you have little as it’s a way to ensure when you have much you will be in the habit and able to happily part with more. Thanks for all your amazing content ❤️
I have a savings account for each of the following categories: gifts, car, dog, emergency/savings fund, travel, and a short term savings for regular expenses that aren't monthly or yearly. My bank lets me easily open as many savings accounts as I want so it's super easy to automate when I get paid. Then at the end of the month I transfer things around to reconcile the actual spending. I also use an app to track spending and saving which makes it easier!
Thank you for this video and your videos at all. I love how comfortable it is to watch and listen to them unlike most of the entrepreneurs on CZcams just giving out advice and not necessarily act like it but you don’t make me feel like you’re better than me and as someone who struggles with their relationship with money - you make me feel much more motivated than all these other people because of your appearance and how emphatically you talk about it and that really helps me 💜
Very good budgeting! I love how transparent you are about your personal finance. Keep up your wonderful videos!
Budgeting, pay yourself first (save / invest at least 10% of your income), track your expense and are the golden rules of personal finance, if not for life. Everyone should be doing this.
Watching you budget was so helpful and normalizing of making it work within the imperfections of real life. Thank you!
I love how she does finance and fashion Such a boss girl
Thank you, Christina, it was very informative! What really works for me is strict limits like 200$ is all i can spend on credit card no matter what. I have a wishlist of things I want and slowly get them 1 by 1. And also I look through my shopping carts everywhere and notice that some things I don't like or need anymore!
Love this!…I’ve been doing my nails at home now for a couple years and I’m a real convert. Being able to relax in pjs and drink wine and catch up on CZcams while I do them is amazing. Can’t recommend it enough if you’re trying to be thrifty bc it’s sooo expensive getting them done
Thank you so much for this video! I appreciate you sharing your financial journey and knowledge gained in the course of it. This video especially has given me the extra kick to take my budgeting seriously now. 🙌 And how perfect the timing is as I’m starting to think about next year’s goals and what I can start on now!
You got this!
You just made my budgeting journey a whole lot easier with this template. I am just starting out and this looks amazing.
Thank you for teaching me! This is amazing. :)
Thank you so much. Very useful one! Keep up the good work! I cannot wait for being free of debt!
This is great! Also feeling a refreshed energy to your videos. Kudos!
This video is honestly VERY helpful as I'm trying to basically cut out a lot of bad habits with the way I use and spend my money.... I'm planning to move out next year and share my first apartment with my best friend, and yet, the concept of budgeting has always made me feel overwhelmed and confused. Thank you for sharing this! 🙌
Thank you Christina! This was a great video!😊
Thank you so much Christina, I hope you know how helpful and inspiring your journey has been to so many people, speaking for myself😊
With love from South Africa 🇿🇦
❤❤
Thank you so much for sharing your actual budget. I use YNAB but the concept of “giving every dollar a job” is exactly the same as your spreadsheet. ❤
Yes! YNAB is great! I like how they focus on budgeting the money you have vs what you anticipate as well. That’s another great strategy!
Loved it !!!!! So important to learn about money management. I would watch more of it.
Just starting to be more financially responsible. Those videos help wth it.That was very informative .thanks
Thank you so much for sharing this! It has inspired me to get back to a regular routine of budgeting. The more I was not doing it, the more daunting it seem to have gotten 😅
Very informative! Wish I had come across this video last year when budgeting my adult salary 😅 Still great source of info moving forward, thank you Christina!
Yess I needed this. Thank you.
Thanks, Christina! Such practical insight... 😁❤️💰
Thank you so so so so much Christina for this video because its truly truly important for me in my life and I love your vlogs so so much and I wish you reach 200K Subscribers very very soon!☺️✨💕
Thank you my friend!
This is so great!! Love your spreadsheet template, I’ll check it out :)
Thank you for this video. Well explained. So helpful. 👌🏽
really helpfull! Thank u so much! only thing missing for me personally was how to deal with half a year or once a year expanses and how to integrate them in the spreatsheet. So yes, pleaase more budgets!
I just love yhour videos Christina!! Thank you for being so transparent and honest about your budget & life growth. I've learned so much over time about balance, mindset, budgeting etc. from being able to witness your journery. I'd also be interested in learning more about why you like Smart Sheet & what benefits it/cloud use gives you & if you've tried other cloudbased platforms! Thank you, as always!
Thanks Rebekah! I actually prefer to use the every dollar app (free)but found it hard to show on the video, so I used the smart template that I customized to make it similar to how my app is laid out !
Thank you, I've been struggling with budgeting!
Thank you so much for this video, it's really helpful!
SO many great tips here - thank you! What tool do you find most practical for daily budget tracking?
Great video!! I set my budget up similar to you in excel and then input the numbers into mint to track. My accounts are directly linked to mint so it makes it easy for me to see where my money is going
Love it!!
This gave me the energy to properly budget!
Loved this!❤
Your video came right on time. I needed a reset on my budget this month and the next 2 months before 2023. I've been falling behind and going over my current budget because of unexpected expenses. I need to keep in mind to always budget for these unplanned expenses 🥲 and your video is a quick reminder to do so. Thank you! 🤑
I really liked this thumbnail:) It stands out and the green looks really smooth with your skin complexion and the other colours
This was very helpful. Please do an antihaul for this season, they help me so much! Thank you.
Editing it now! ❤️
amazingly helpful!!!
Loooove your money videos!
Great video, thanks!
Love this! Thank you :)
Hi Christina,
Can you make a video of your jewellery collection?, how to invest in good pieces of jewellery that are basic and essential but worthwhile?
Thank you thhhannkk youu Gerry much you helped me more than what you ever could imagine at this moment 😆♥️♥️♥️♥️♥️♥️♥️
the haircut, the blazer, the top, eveyrthing looks so good hereeee
Perfect haircut for you!
Hi Christina thank you for such an educational video. Could you please share a template for your spreadsheet budget 🙏
I have a notebook where I do my budget but it's the same as your list. I review it every week.
Yes to more. I start but never continue with budgeting… need all help I can get
Oh wow I needed this … the spread sheet won’t help if I don’t set a why …. I owe 1300 in credit card and I feel overwhelmed…. Thank you for this video I know 1300 dollars is not much but that shows I’m very bad with my money
Great tips! Also i love your nails 💕
another great video! Thanks for sharing :-)
Great video 😊
Would you consider doing a a video on how you spend only $400 on groceries a month 🤷🏼♀️(that would be amazing) it’s just my husband and I and we are in Northern Ontario (5 hrs north of Toronto) and we are like $250-$300/week easy! We eat clean and whole foods but wow I would love to knock it down if possible. It’s crazy! I meal plan, make lunches, avoid takeout and we typically only eat breakfast on weekends as we do intermittent fasting and it’s still always so expensive🤯. I can never seem to come in under budget on groceries. I can not imagine the cost with a family! 😩
only 4 minutes in and already the graphs are blowing my mind 😱
Thanks for sharing
Thank you so much for this video! I really wanna try. My trap is Klarna. When i order clothes and have 30 days to pay for them. I quickly forget about that and then I get my pay check suddenly I realise that a big part of my salary has to be gone to pay Klarna 🙈 it is hard not to use it because I live in the small city and there are not so many shops so I have to order online. And if I need a pair of jeans so I have to order a couple of different to see which one fits me and then return the rest. So to pay at once for 5 pair of jeans and wait to get refund from the shop in a couple of weeks was not gods idea for me and I started using Klarna 🙈
This was a great video - do you offer this template for a budget ? I'd love to use it
i tend to lump my categories; food budget includes going out too (it forces frugality & a balance that favors what's bought at the store vs. restaurant) or gas also includes my lyft/public transport expenditures too. i wonder if lumped or individual categories saves more in the end...
I think whatever works for you! I do individual categories bc I like to know what went where, but I think there’s a lot of value and simplicity in lumping categories too!
This was great. I have an excel sheet that is way less fancy than this where i have columns for categories and the last column subtracts the columns form the initial column. Also curious what cocktail one drinks for $15? In VHCOL and i think drinks at a restaurant now are like $20
It’s for a bottle of wine at home - we don’t really drink out too often at all!
I have never budgeted…I don’t even know how….so great video….but I absolutely will not make exception for my skin care and derm tweeks
I’m struggling to pick where I want to invest I heard the blank takes a big manger cut and was recommended to do wealth simple by another investor just wondering your thoughts it feels overwhelming. Also where do you put the money where you don’t spend like car maintenance etc.
Do you have this spreadsheet available?
I calculated My Bills for The Month and I get paid Weekly. I divide what I "Owe" for The Month, by four, then I write in My Journal when a Bill is "Due". I also take a certain Amount and transfer to My "Other" Account so I can't touch it. I live in Canada. Then when certain Bills are due they are debited from My Account. I never use ABM (Automated Bank Machines), and when I shop I ask for The Receipt and I write what I wrote. I also do a Sheet where I determine what I spend in a Month, If I Spend more than I Make then I know I am in trouble but I do well.
Lot's of love from India
Hi, do you have a link to a blank template of this budgeting spreadsheet? Thanks!
Should be in the description!
Girl, I love you in that shade of 💚
Awesome video, just subscribed. People can be lost when it comes to money in general. I hope the last couple videos on my channel inspire people to look at money differently too!
Loved this video and the template you shared!
I'm having some trouble opening it and wasn't able to make a copy to save for myself! Would you be able to share it another way perhaps? Thanks so much!! :)
I’ll see if I can fix the think! I’ll follow up on this thread 💚
@@Christinamychas I had the same problem, it's like it doesn't actually open in google sheets as there's no file menu at the top of the google sheets window like there usually is (not the browser window).
Same here! Just came to say the same thing-doesn't allow me to open in sheets, it opens in a new window browser. Thank you for uploading this Christina :)
Try this docs.google.com/spreadsheets/d/1GJ-PehgsaWn-I7I3mfLMZQQXL9VPjNwEBh15iN9MfMg/edit#gid=1260190823
Unfortunately still the same problem! There’s no option to make a copy as it opens through smart sheets kind of and not really google sheets. I appreciate you trying to figure this out for us!!
look at you in your green tank!! :) so cute
I'm sorry if this is weird but can you tell us where your wallet in the thumbnails is from? :) I am looking for a good one for ages and this one looks really nice! :)
It’s from ssense from YSL - I bought it for myself for my bday last year! It has the logo but I turned it around 😅- it’s also in my latest “what’s in my bag” video
@@Christinamychas thank you very much! :)
😍
Have you read/listened to “You Are a Badass at Making Money”? Would love your thoughts
Is the $400 grocery just your portion or is that for you and your partner?
In Europe we don’t have those kids of investments 😢
“ How much do you spend a month to live”
Yes.
Left handed! Cool
Who is the sponsor? I didn't really get this but am intrigued 😅. Thank you:)
TD! ❤ it’s to help learn about the importance of investing ❤
TD is a very large Canadian bank, one of "the big 5" we call it here, because we only have 5 big banks lol
@@shannonpflueger8608 :D
Thank you both so much for clarifying !:)
This was so disappointing to hear… big banks , big corruption…use a local credit union at least.
Best budgeting advice I've ever heard: If you can't buy it twice, you can't afford it
Love it!
you look so great in colors
Putting my color analysis to use!
Where’s your blazer from 😍
Aritzia agency blazer!
What i miss: taxes and Insurance
Yes these #s are after tax!
Hello Christina,
I'm sorry but I want to tell you something important to me and this is not consern your video about budget. I look exactly like you eyes, skin, hair and I found the perfect shade of lipstick from Cover girl hyaluronic acid number 350 (Honest Berry). This lipstick is Just perfect for me (you should try it! )Not expensive and the color is just amazing for every day when you are a deep winter clear cool color palette. Sorry for my english I speack french 😃💋
Oh lovely!! I’ll look for it next time I’m at the drugstore! 😍
Put this lipstick on and try to find à royal blue shirt and see what happening! I never have before this day that much compliments. This is not à joke. Please give me some news🤩
Wooow internet and mobile is Very expensive In Canada😳
Omg it issssssss
@@Christinamychas I pay around 75 CAD in total for both here in Denmark. Now I feel grateful. Thats a huge Chunk of the budget😱
Yeah, budgeting is super fun...if you have enough money to cover everything 😔
I have never really had a budget. We used to live paycheck o paycheck. But my mother in law passed away. And left my husband money and her house. So the house sold right away. And less than the appraisal. We’re hoping we don’t have to pay capital gains taxes from that. We’re going to see an attorney and have take care of that for us. And we’re getting a right of survivorship. So if either one of us dies, the house and everything we have goes to whoever survived. I have lots of debts. But my pension I get covers everything and I have money left. That’s where my problem comes in. I buy lots on eBay. And we have been giving our granddaughters money when they need it. And their mother. I plan on spending my money when I’m alive and not giving it to them when I die. I just hope everything we have is paid off and there’s some money in the bank. My mom always told all her kids about how much money she had for us. Her money went for a nursing home. And she been in her right mind she might have been mad. We didn’t care. We knew we wouldn’t get my money. We just wanted her taken care of and to make sure she got her medicine everyday. Which she wasn’t doing at home. Maybe, some of the others in my family didn’t appreciate it. But that’s what happened. And that’s the way it goes. She lived there three years. And they took care of her. So I was happy. I am the youngest of seven kids. And I know live in a different state. And then my mother in law had a stoke. She was in an expensive place. But she only made it a few months. So my husband and his sister got some money and my husband got the house. It wasn’t a happy time dealing with m sister in law. She thought she should be in charge. But after their father died, she didn’t talk to her mom for in years. And my husband did everything. His mom never drove. And she had a schedule. And did not like to have to alter her schedule for anything or anyone. That is one of the reasons we moved to another state.
Beautiful in TD Green very lovely and fresh on you❤
Agreed! That top looks great ❤
Haha on brand! And it happens to be in my clear color palette! 💚
Don’t you still love YNAB? You are the one who sold me on it. 🤷🏼♀️
Christina you might enjoy this channel - HAHNS ATELIER - they rescue and upcycle designer bags (superb craftsmanship)
As a former student and young adult, I wish I had this video in highschool! Thank you for helping so many ppl🤍✨
Amazing video Christina! I have been budgeting retrospectively and you’re so right that it’s hard to feel in control when you’re looking backwards! This video is full of amazing tips, thank YOU!