How I Budget my Paychecks 💸 paycheck breakdown, bi-weekly budget with me & more
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- čas přidán 4. 06. 2024
- SO excited for this video! I really hope you guys enjoy it!!! I wanted to upload it on a Friday since I know that's when most people get paid!!
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IG: / cartersully
Podcast: anchor.fm/budgetbabepodcast
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✨ SUBSCRIBER COUNT- 24,086
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My views are not those of my employer. All video clips were filmed prior to work, on any designated work breaks or after work.
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This video is not sponsored. - Jak na to + styl
I'm watching so much financial content because I don't want to live the same way as my parents. That sounds bad, but I don't blame my parents for not budgeting and saving because they are not financially literate. As a 17 year old I hope to implement healthy financial habits young so that it gradually becomes natural for me as I become an adult. Thank you for your content. It really helps a lot of us.
As someone who studied psychology in school alot of our money beliefs are very much rooted in how our parents handled money & what we saw growing up so its okay to say that and it makes plenty of sense ❤️
Getting out of the consumerism trap will be of the most help!
Start young you have an advantage. I waisted my 20s
Seems like a first world problem. I'm from India. Even the illiterate here have some sense of financial literacy.
@@wewe-fx6un That's good to hear! Is financial literacy taught in schools in India? A problem in Canada and the United States is money doesn't get talked about properly. It almost never gets discussed in school and a lot of parents don't bother teaching their kids. They just assume their children will figure it out I guess. It seems only the very wealthy do this properly.
This video was so helpful. I’m 35 and just learning how to budget. It’s just one of those things that doesn’t usually get taught. We go through years and years of blowing money and accumulating debt and living paycheck to paycheck until enough is enough. This video was really helpful
It's so true- no one teaches us how to properly manage money!
I just don't know how people don't know this.
@@HackerActivist don’t know that ppl aren’t born financial literate? I think it depends on background too not every body grew up with parents having a pay day routine and teaching them
@@maliamalis6389 I think what surprised me is “we go through years of blowing money and accumulating debt and living paycheck to paycheck” is what surprises me.
I was never taught about being financially literate by parents. I naturally save and am learning to spend my money more. It always surprised me people who impulsively buy items without thinking of the consequences. On big purchases I always put in a lot of research and think of the value of the item vs waiting a bit longer for a better opportunity or another option.
Anyone who has ever earned and bought anything knows the value of money and it’s not good to put all the blame on “oh no one taught me this so it’s not my fault how my situation is”.
Yes financial literacy should be taught, but using basic logic you should always have a plan to pay for an item vs impulse buys that you should be able to control. Because nothing in life if free, you know up front you will need to pay for every item you purchase.
@@Sophia-cy5pm it’s not as easy as it sounds I wast thought credit I wasn’t thought how to budget. Now I’m about to turn 25 with a daughter and living paycheck to paycheck. I’m now trying to learn how to budget how to get my credit up. Why? Because I want to live a better life than I was thought!
23 and just graduated from college and I just landed my first "grown up" job. I've been watching tons of videos about budgeting and i really want to be able to manage my money efficiently. I appreciate theses kinds of videos, thank you!
best of luck, ben! and congrats on your new job!
Please start watching more videos like this so that you can spend your money wisely. Good luck
Thank you for this great inspo! Living below your means" adjust your lifest, be frugal, budget, save and invest. This helped me out as a 6 figure earner. I've grown over a million in retirementsavings with this method
The term HENRY. Is really so hilarious. Sadly there's actually people living paycheck to paycheck
Great Job man. You said it all right there!
the term Henry is so funny. I literally laughed whenever it was mentioned in the video
Ps: my first time hearing it
Don't panic, start out easy, don't buy things you don't need, budget every money, always save a portion of your pay atleast 5%, Invest from your pay check; it grows and helps you accumulate wealth easily.
read books, gain the knowledge set out a plan or target goal to reach. Get a pro financial expert lead you; follow consistently. You can also build a passive income channel from your investment.
Thank you, thank you! Budgeting is such a needed skill! I think the reason most of us hate it, is because we associate a lot of guilt with it! ....because we feel that we are not in control :) which is why we do need to budget! You are amazing!
I totally agree with everything you said!!
Thank you for this video! I’m moving into my first apartment by myself after a separation, so this really lays it out for me perfectly. I’ll definitely be using the spreadsheet!
Aw so glad!!! Defintely find what works best for you! Sending you lots of love and good vibes for this next chapter in your book❤️✨
That’s great. Congrats on your apartment!
Jen, I’m about to be in the same position. I’ll be moving after Jan 2nd. It’s nice to know I’m not alone!
putting a savings plan together.. good idea
Same here me and my wife separated so I’m about to get my own by myself thank you for this video
You blew my mind w/ budgeting biweekly. Literally blew my mind. I am always guessing as to what I’ll be making for the month because my jobs are VERY inconsistent like I could make $8k or $1500 it’s hard to ever tell but I obviously know what I made the PREVIOUS 2 weeks so budgeting based on what I made then is what I’ll be doing from now on! Wish I thought of this sooner it seems so obvious now
Pay day and Budgeting IS really fun. I totally agree!!!!
YES glad I'm not alone!!
We keep a buffer of 2000 in our checking account because of our rent. It’s 1545 and I see this as staying one month ahead on rent. And it gives me peace of mind knowing that if anything were to happen we at least have our rent covered. My boyfriend is a blue collar worker so with the rainy season, this makes sense for us. We live in California and the cost of living is so high😭
That is such a great mindset💸
My friends/family think im crazy for budgeting as hard as I do, but it was the only way to get myself to stop self-destructing haha. I love seeing how other people budget.
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Same, finance is such a personal subject to me, I thought opening up to my family about my finances would be like eye-opening to them but all I get is everyone thinking I’m extreme. I haven’t been on top of my finances anymore and I definitely don’t like talking to my family about it, but it’s still important to me
I love doing my budget. My favorite part is putting money into sinking funds so when I want to get art supplies or books or something I don't have to worry about it messing up my budget.
Also highly recommend automating your standard base savings amount to get moved on pay day. That way you minimum savings is taken care of and you don't have to worry about forgetting to move it, then if you end up with extra you can add it. Personally at the end of every month I take any "extra" money i didn't spend and toss it in savings, sometimes that is $5 sometimes $100, then I "start fresh" each month.
Great video!
I really like this idea.❤ Good habit to get into!
Another inspirational and insightful video yet again Carter! This is just one of those things that doesn’t usually get taught. We go through years and years of blowing money and accumulating debt and living paycheck to paycheck until enough is enough. This video was really helpful
Shout-out to all the failed budgeters and ambitious ones trying to get it together like failed weight loss attempts. If I had a dollar saved for all my failed spreadsheets I wouldn't have to worry so much about budgeting anymore 🥂
Agreed!!! It's never too late to try again & I failed over and over until I found what worked for me 🙌🏻
God I haven’t even graduated high school and I’m already worrying about this. I’m planning on university and I really don’t want to accumulate too much debt, so this is really helpful for when the time comes.
Why not go to a community college first then transfer. Save yourself the time and money. I know a college experience may be important for some but graduating with no debt is better. Just my opinion :)
Try to work part time if you can, start at a community college for an associates then transfer for your bachelors/masters.
same ^^^
Thank you so much for this!! I paused at 4:21 and made my own spreadsheet because I NEED to make smarter money decisions this year!
Love that for you!! The spreadsheet I showed is available for download in the video description!!! Saves you from copying it, takes so long!!
@@CarterSullivan The link isnt working for me. Can you reattach?
@@rachelpirtle7009 same for me
It is so fascinating to see how people budget differently! I prefer to write everything down on physical paper and then transfer to different accounts on my online banking! I may have to try your method!
That makes total sense! Thats why I like my
iPad now because it feels like "writing" everything down!
I never wanted an iPad (I am not an apple user) until I saw you using it for writing and notes. Now it is on my goal list! So much easier than having a bunch of little notebooks
Do you have different bank accounts? How does that work for you
I do this as well. Write down everything, check the maths, transfer to savings.
Just subscribed! The honesty of this video is everything. A talk about real life stuff is what people need. Mental health in jobs is so important, money comes and goes.
Awesome video!
Aw thanks so much Victoria!
Thabk you so much Carter! I'm 25 now and all of a sudden realize that I really need to start budgeting. I am really excited to do this. Thank you so much!!! ❤
you talk about everything so clearly and you are so transparant! you're doing amazing!!
Wow, I've never met someone with the same budget mindset as me! I can totally relate to looking forward to payday and feeling in control of my finances. I have an excel spreadsheet and get so excited when it comes time to create my budget. Also a Canadian 🇨🇦 beautiful British Columbia.
Yes budgetting is so fun if you let it be!
I'm beginning to learn how to budget and videos like this REALLY help, I've had next to no experience in budgeting and paying bills, so thank you for posting this video and being so thorough!
This is so helpful, I was getting anxious because I’m halfway through college and have been lucky to have help from my parents and scholarships for a some of it, but I felt like I haven’t been managing my own money in the most efficient way and was getting anxiety about my personal savings for after I graduate and my student loans. This is a great first step tysm!
Aw you're so welcome!!
Thanks love. It’s awesome to see a young women stacking her money 💰
Aw thanks!
I started budgeting 3 months ago using free version of every dollar app. It lets me see completely where my money goes and how much I have room to spend on every line item. It honestly motivated me to get a second job. Scratch and claw to find other means of income. Now gotta tackle our biggest debt. The mortgage 😊
Thanks for sharing this! I too love pay day! I have a budget that I set up for the whole year. Yes each bi weekly can change but what’s great is I try to set aside certain amount for when something comes up (example registration renewal ) so I don’t need to take out from my savings. I also budget how much I can spend each day without going above the budget! It’s been awesome and I’ve been able to save so much!
I love this and love how transparent you are! I relate to this technique so much!
So glad!
Your routine is awesome! And it was actually therapeutic to watch! Thank you for sharing
Thanks for watching!!
Hey Carter! I am so thankful the CZcams Algorithm added your channel to my home page - I am also a 20 something living in Ottawa and we have so much in common! I thought I was the only one who was really into personal finance! Thanks for sharing these types of videos! Super awesome to have watch a local CZcamsr! I have budgetting for the month but realizing I function in two week intervals due to my pay period as well - never thought to budget biweekly! Going to start this!
I budget every payday but I was looking to cut back and stop spending so much on eating out. It's a great idea to allocate money to coffee shops specifically. Thanks for that idea! Your payday routine is really helpful to me, thanks! 🙂
This motivated me to start my side jobs and start earning! I was putting it off alot. Really enjoyed the simplicity of it
This video was suggested to me and it’s brilliant! I really enjoy budgeting like you do too! Thank you so much for sharing 😊
Thank you for watching!
First time viewer and I really enjoyed seeing your layout for planning your paycheck. Thank you for sharing!
Thanks for watching! ❤️✨
Appreciate you sharing the questions you ask yourself while budgetting. Asking those prompts really work for me while I do the work itself. It is a very effective and mindful approach. Thank you!
Yes I found the prompts really helpful and transformative when budgetting🙌🏻 Super important to self reflect with finances!
I'm about to go off to college and have been trying to find some ideas on what my budget layout should be and I really love this!! I think It'll be awesome for managing loans and my car payments and everything!!
Thank you so much for your advice and spreadsheet. I've been working on mine since xmas and was getting a little discouraged because working with excel can be hard for a beginner. I'm using your spreadsheet going forward and you've gained a new supporter thank you again! many blessings xo
Payday routine is not your usual routine videos here in YT. But EVERYONE SHOULD WATCH THIS! Managing money is not easy, and it's a skill that all of us need to cultivate. Thanks, Carter for this helpful content! :)
It isn't a normal routine video on CZcams however I love posting financial content! Hope you enjoyed!
Watching this now at 22 (almost 23) with little to no knowledge on budgeting, besides "hey! don't spend more than you're earning!" And honestly sometimes I haven't even adhered to that (terrible and unsustainable, I know)!! This has made me feel infinite amounts of shame, stress, and confusion since financial situations are so personal and such a "taboo" subject to talk or ask about, even with friends. Any questions or concerns I have I usually try to talk through with myself, leading to being extremely overwhelmed and hopeless. Thank you for making this video, even though watching definitely made my blood pressure rise a little lol. It made me realize just how behind I've been when it comes to financially planning your future and that everyone should start early. I hope I'm not alone in feeling like this, especially at my age, I feel like this is something most people have started by now 😥 but I will definitely be taking notes!!
I thoroughly enjoyed this walk-through, looking for ways to elevate my financial and budgeting routine every month. Thank you!
You are so welcome!
Hi, thank you sooo much for making this video. Gives me new ideas and tips to better manage my finances and that’s something that I’ve been struggling for some time now, after watching your video it’s helped me gain some celerity and see myself using some of your strategies but also take a step back to breath.
Thank you so much for this informative video. This is the first time i've actually been able to understand and implement budget strategies tht work for me.
I am trying to get my shit together for 2023 and found you! This is really helpful
Really appreciating the transparency in this informative video
Love that this video is not all voiceover. I was on budgeting but lost interest n motivation but I’m jumping back In . New sub 👍🏻
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Thank you so much for this. I’m clueless when it comes to this, and I want to get better. Thank you!
This video is greatly appreciated. It's helpful and reminds me to stay organized and take responsibility for my expenses. Thank you.
I loved your video and the way you go back and analyze your budget. I might start doing a spreadsheet as well as the every dollar app.
It’s my first time to watch budget topic video this much openly on CZcams!!!!!! Carter, thank you for sharing. p.s. I purchased new planner from Canadian company today. So excited trying this on paper after i receive🥰
I'm so glad you enjoyed!
Thank you so much! You simplified something that always seems so complex. I appreciate you taking the time to make this video.
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Thank you for the great video. I will definitely check out your budget spreadsheet.
Very nice! I love budgeting and it’s fun to see how other people do it... mine is different because I get paid twice a month so the amount each time varies. It’s so important to use the minimum expected paycheck to create your budget!
I totally agree!
This video really helped me. Thanks so much for sharing! Also really appreciate your transparency.
Payday routine is so nice its makes fun and i love to wait for that day
Needed this! I’m moving into my apartment next month and I’m just being so crazy about bills so this definitely helped!! Haha
Thank you for making this video! I have been struggling with budgeting and I’m trying to really be hard on myself about it because I’m tired of being late on payments
You got this!
A simple way to make sure you don’t miss a payment; pay all your monthly bills on the last payday of the month. Then accrue for them throughout the following month. Yes, it takes some doing to be able to do every bill in this manner but just take one at a time and pay it early. Hope that made sense
argghh, ive had good amount of money from having 2 gap years before going to university and im almost done with uni now and still have no idea what to do with my money. student loan is so cheap in my country that its really recommended by economics professors to take it and just do something with it, some buy cars or put the money to a apartment savings account etc. my money has just been sitting on my bank account. really trying to have a goal for this year to start budgeting and investing and do whatever else with my money, compared to past. thank you for this video!
Hi. Enjoyed your video. I use a budget system. I do a monthly budget and review it weekly before I get paid weekly on Fridays. It's helpful for me to do a budget to track what's coming in and what's going out so I know what I can save and what's for spending 💫
love seeing another canadian budgeter!!! subbed 💛💛
Hi Carter, thank you so much for the spreadsheet & video! Very helpful and I am excited to use the spreadsheet!
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This is a great video. This is exactly how I do my budgeting. Love it!
So glad!
I have been doing something similar for a couple of years, but this was super helpful. Thank you so much! And thank you for sharing the spreadsheet! 😍
Glad it was helpful!
There is a whole budgeting community on YT. Loved your video :)
Yes and I love it! I don't consider myself a budgetting CZcamsr I just enjoy sprinkling in some of the financial content if that makes sense!!
@@CarterSullivan For sure and I am here for it!!
Hey new subscriber here. Subscribed because of your honesty in showing us the YT income. Not like others where they put up 30 minutes blabber without even telling the incomes 🙏🏻
You're the first youtuber who is honest about her income. Followed! I love an honest queen.
Good video. CZcams recommended. I agree with you that I don’t like having a lot of money in my checking account because I will usually end up spending it. Thank you for the tips!!
love this! its honestly so relaxing AND i learned so much!
I'm so glad!
There are so many good ideas in this video. I like the idea of totaling the bills and having them come from another account!! I couldn't access the link but I will make my own based on how you did yours. Love this :)
I haven’t even finished the video and I already subscribed because you are so freaking relatable!! I rarely find budgeting videos of people who work a 9-5 but make less than 6 figures. I have a side hustle as well and plan to get into CZcams as well.
I took a big pay cut as well and just like you, am WAY more happy mentally and emotionally so good for you!
Omg you are so kind wow thank you so much for subscribing!!
Well I didn't go as far into detail as you did for your budget but I really appreciate your organization skills. I decided to go ahead and use a bit of your techniques to add on to my existing system I already had for myself and I'm excited to see how it works out.
Glad it was helpful!
I now get paid Bi Weekly so I have to be more careful but I budget religiously every Saturday. I use an excel Spreadsheet so I know exactly where the Money is going. I am a Canadian and at the end of the Month, I have to buy a New Bus Pass to get to work, then I pay my Bank Service Charges, then I have to pay Car Insurance. I live at home with My Mother and my Father is dead, so I help her out alot. It can be challenging but I have alot of Self Control. I've given up CD's, DVD's, Magazines but my weakness is Dollar Type Stores. When I download books to my Amazon Kindle Tablet I try to get books about Finance and Budgeting. You're a very smart lady.
Hi, thank you for this video I do alot of budgeting videos talk about sinking funds etc, but dont show it, this was great and I love the spreadsheet ! I will be using, thank you for sharing.
Glad it was helpful!
Thank you so much for sharing the budget spreadsheet !!!!!!
Anytime!!! Happy to help 🥰💸
I am always looking for new ways to save and budget! Thanks for the insight!!!
You are so welcome!
thank you for giving access to this spreadsheet for free! as a fellow budget lover its much much appreciated!😀
You're so welcome! I think when it comes to helping others become financially free the content to help them should be free!!!
Hello Carter. Excellent video. Your organizational and budgeting skills are outstanding.
Thanks so much!
Awesome video, thank you! Budgeting is so hard for me.
Great video. Paycheck budgeting works really well for me; I really liked the idea of including events/holidays as a part of your review.
Yes it's a great way to reflect & make sure you don't have to spend alot of spontaneous money!
I feel like my plan is similar to yours except I use physical pen and paper to create my biweekly budget, everything right down to how I use a credit card. Right on.
Whatever works for you!! Paper vs digital whatEver helps you succeed I support🙌🏻💸
Thank you SO much for this video! I have never known what to do with my money the day I actually get paid so this video is sooo appreciated. :)
AW You're so welcome!
Needed this and loved it! Thank you ❤️❤️
You're so welcome, thanks for watching!
Thank you so much for this video it was very helpful since this is something I am struggling with right now.
There’s lots of budget videos on CZcams! I always look for more to watch since I love them
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Can I just say. I LOVE they way your sheet is set up!!!!!.... I've been struggling with ADHD adnd I just couldn't structure mines properly.
I started my own business and now Im planning on in a role especially with my finances and budgeting my life.
Thank you so much for this! Do you have a updated budget spreadsheet as the one linked isn’t active. Thank you!
So helpful! I am so excited to try your method and finally know where all my money is going 😃
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Thank u so much I can also use this lay out for saving for an apartment also
THANK YOU FOR THIS VIDEO! Lately I’ve been getting more into budgeting and managing my finances and this just helped me handle them so much better! This video rocked, thank you for sharing!🔥🔥🔥
Aw thank you so much for commenting, it makes my day!!!
HI EVERYONE! I have gotten 100s of emails asking for the budget spreadsheet. It is linked in the video description. Please do not request access to it as it sends me an email. All you have to do is click file >make a copy! Super easy 🤍✨
Thank you. 👍
Can you please post where i could get the book shelf you have on your desk 😍😍😍
Are you able to edit the spreadsheet or it’s just a guide?
Hi Carter! tried accessing the excel file today but got an error that "file unable to access" did you take the doc down?
@@the.annethology nope the doc is still up! I just tried & it is working. Maybe refresh?
With all respect... you're freaking heck smart!
That's amazing!
This was amazing to watch thanks so much well done it was perfect timing for me
Love your video!!! I enjoy my payday routine
I always look forward to payday and budgeting money too!
Glad I'm not alone❤️
I love your spreadsheet!
I love these videos 🥰🥰😍love how you guys are budgeting can’t wait for this to be me
I love this, thank you for the helpful tips! Do you still have the excel spreadsheet link?
Thanks for sharing! I already downloaded the spreadsheet
Less than 5 minutes into this video and already subscribed :) I also use a mix of everydollar and google sheets to budget.
TWINS!!
I use the Dave Ramsey app, Every Dollar, it’s great. I used to keep a spreadsheet, but no more. I do jot down numbers in my planner.
Thanks for the video! I saw it on my feed. I've been trying to learn how to save, and invest while in college! :)