Most Effective Way to Budget | Full Guide on How to Budget your Income

If you bring in an income, you need a budget. Here’s a full guide on how to budget properly.

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Managing money can be a difficult and stressful task. That’s why whether you make 10k a year or 1 million dollars a year, you need a budget. Budgeting is one of the most important financial tools that you will ever use during your financial journey. Without a budget, you put yourself at risk of things like debt, overspending, emergencies, lack of financial control, stress, and many more things.

In this video, I explain the entire budgeting process whether you get paid salary, hourly, or by commission. The budget is a tool that everyone needs to be using if they bring in an income. The budget will change the way you live your life and the way you manage your finances forever. The budget will provide you a plan and you will be able to see if your spending habits are align with your goals. Overall the budget is going to give you the intentionality that you need to be where you want to be financially one day. It’s going to keep you organized and disciplined. If you are not using a budget or not using it correctly, START TODAY! It is going to make managing your finances so much less stressful and you’re going to feel in control of your finances instead of it controlling you.

I have also made two different budgeting spreadsheet templates that are completely free for you to use yourself!

(Google Sheet Spreadsheets)

▷Spreadsheet #1 (Broad categories with personal balance sheet) : https://docs.google.com/spreadsheets/d/172KmexF0RgpVRN38EdS_yyMSTcJpd7uIASKUPRHO-iE/edit?usp=sharing

▷Spreadsheet #2 (Similar to my own personal budget - Designed for hourly workers): https://docs.google.com/spreadsheets/d/1jmvCLT4QP_cp3ZzDnVOOKT5IynflXOti6EgyVJamq1s/edit?usp=sharing

Every Dollar mobile app:
▷Apple App Store: https://apps.apple.com/us/app/everydollar-budget-your-money/id942571931
▷Google Play Store: https://play.google.com/store/apps/details?id=com.everydollar.android&hl=en_US&gl=US

If you got any value out of this video please consider hitting that like button and visit the channel for more videos on personal finance, investing, and the economy!

*Note that I am not a financial advisor and nothing in this video should be taken as financial advice. This video is for entertainment purposes only.*

#Budget #PersonalFinance #Finance