The Right Way to do a Monthly Budget

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Title	:	The Right Way to do a Monthly Budget
Lasting	:	9.00
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Views	:	69 rb

Do we just not even invest anymore? 😅
Comment from : Nick Hinton

Do a 108700 a month budget in California
Comment from : Meghan Murphy

Where are you finding a part time job that’s $25 an hour?! Cause I need to know!!
Comment from : Alissa McNeil

This had to be an over sight here, to give $500 a month when you’re in a deficit? Maybe reduce it down to $100 or recommend volunteering for now until the family is doing slightly better You have to put the oxygen mask on first before you help the person next you
Comment from : Vic S

Do you have separate categories like paper towels, toilet paper, toothpaste, soap, and so on?
Comment from : Some Person

I'm retired, debt free and live on $2200 a month
Comment from : Pure Gold

I really like this and I 100 support giving That said, if there is that much of a deficit and we are trying to cut costs, why would one not give a little less until able to give more? The deficit was 900 and 500 of that was giving I am not saying not to do those other cuts in spending Still do those but cutting the giving to a smaller amount in this example would drastically help Just my $002
Comment from : Bobby N

Before getting a second job, save $517 by cutting the giving to 0
Comment from : Nobody

I'm lost on one thing Can you help me? It's a question re 'Net Income' for budgeting purposes: It is so often called 'take-home pay' in relation only to payroll Yes, I know there are deductions from my gross that appear on my paystub HOWEVER, what about other IRAs I pay into (outside of my employer's plan), insurances I pay premiums on (including other health insur not connected with my employer), etc, all which ARE NOT CONNECTED with my employment and are paid on my own for out of my paycheck?? In my personal budget, should I ALSO subtract these "others" to arrive at my actual net??
Comment from : Brandon Bernard

I’m wondering about the health insurance costs, I’ve never paid that much She also didn’t mention anything about contributing to the savings account I’m wondering if using percentages is a good way to start budgeting to make a person doesn’t purchase things that go over that specific amount
Comment from : Kia828

Love this! Will there be a way to have a real person's budget as an example?
Comment from : Maria D

Giving should be after rent and bills come on while you’re in debt
Comment from : Young mama 22

Get a second job to support giving $500 to a church? That's literally nuts Really working hard for that christian healthcare sponsorship, eh? That advice really nullifies everything this person says about personal finance
Comment from : Pepsiaddicto

I love your idea about giving but it could never be me I work too hard to give it away Great video and explanation
Comment from : Amy Hernandez

So if you are over budget some people just take an extra job? how is that even possible without working yourself into a burnout? I am a single mom with 4 children and I can't work at the moment because of illness and my spending is 1500 dollars a month over budget, I was hoping to get some idea's to fix my budget but since I can't work
Comment from : Stefanie Huyge

I make $28K net $33K gross working 50 hours/week 24 weeks/year from 2 jobs ($13/hour 20 hours/week, & $12/hour + $20/day 60 hours 8 days/bi-weekly) brWhere are these $25/hour jobs?
Comment from : Shae Reub

Too much bla bla
Comment from : Aurora Sanchez

Nan, my grandmother, taught me how to budget when I was a young kid Iv made BIG mistakes with money mostly getting into major debt But the one think that had always kept me a float is sticking to a budget to make sure bills are paid
Comment from : jay pal

Where in Nashville does a part time job pay $25 an hour??
Comment from : Lourdes A

Great video The zero-based budget is changing my life Have been doing it for about a year now and can’t imagine ever going back to not budgeting
Comment from : Eileen Stuffs

You didn't allow for saving in the initial budget I would interject that you have given TOO much I think common sense would support my statement
Comment from : wwtjoy gbths

Where is the savings account?? brPay yourself first
Comment from : nancy schwalb

How do I get my budget in line when I am behind?
Comment from : Pamela Sprugasci

What about savings?
Comment from : Starbright Blue

Ok so I have a problem with this budget and her recommendations I believe if a family has to go on a tight budget and in this budget she’s reducing food cost and clothes for a family with two children but she’s telling us to give 10 for donations I am all for helping others but it doesn’t have to be in a cash form It can be volunteering also I always encourage my kids to do this and it helps a lot too If I’m struggling to pay for food and clothes I shouldn’t be made to feel like I have to give 10 This is one thing I disagree with when Dave Ramsey puts his religion into others budget I think once someone is in a better situation we should give back and show others that we are there for them Maybe not set a 10 percent but say whatever you are comfortable with We give to good will and volunteer and always every year or twice a year we donate all our gently used clothes - I think God will love us no matter what as long as we have a good heart and spread love ❤ so when she shows she is over budget and starts taking it from things a family needs like food I believe it’s not fair ok chant over
Comment from : Rosam F

Assuming groceries means food and household supplies (toilet paper, shampoo, etc) I can't imagine how a family of 4 only spends $600 per month on groceries in today's world of wild inflation I also can't imagine giving that much to the church if your budget is that tight but more power to you if you do you are a better man/woman than I
Comment from : Brian Allan

the math would also be a lot easier if they weren't giving over 500$ to a church this seems insane to me for a family each month You are saying they should get rid of a car or get another job on top of everything but still give 500$ to the church every month? I'm not against giving, but this seems way out of balance to me
Comment from : Megan Blake

Good video BUTthe fact that church givings wasn't cut before getting a second job is just awful Time is the most important thing and an extra job takes time away from family/kids/free time Cutting church should be one of the first things to cut from expenses
Comment from : Zachary Wishnov

instead of getting an extra job, stop giving money away to the magic skydaddy
Comment from : SteamRaven Mining

the reality of working families you prioritize your bills, essentials, debts Jebus donations are tax deductible meaning more on your tax return so are HSA for medical expenses Children outgrown clothes/shoes its gonna be more than $50 I try to go to store at least every 3 months for their needs, I come last Personally an extra job means to me less time with my kids, grumpy, less energy if looking to boost extra income I just do some overtime 2-3 days or take those short paying surveys during spare time
Comment from : Vanessa S

Where are those family houses for $1294 a month? 😖
Comment from : Mariam Hovhannisyan

Um completely BONKERS!!! Why would someone give 10 @ $500 while holding a car payment?
Comment from : TheMailman

I’d love to hear how you suggest saving 3-6 months of expenses in todays inflated market/economy When we became debt free in February by March in Canada inflation was already skyrocketing and any money we had been using to pay off debt was going to our ‘four walls’ because cost of living has jumped up by at least 50 here thanks to carbon taxes, inflation and other tax increases There is no extra for savings There’s barely enough to stay afloat I thought being debt free would be more fun 😢
Comment from : Melanie Bergshoeff

I like the idea but can't see, unfortunately
Comment from : Zulia

The every dollar app has not been functioning properly for the past three months whenever I have extra I like to pay a bill in advance for the upcoming months Ie : mortgage, which is an expense every month however the EveryDollar app will not save the payment information
Comment from : Ms Ashley

18900 for utilities Yeah I wish Mine is 100000 a month for electric, water and gas
Comment from : LA Mike

I like how the thumbnail shows her all stressed out about money…😂 She’s never had to worry about money in her life
Comment from : G

Hmmm take home pay of $5,178 seems high to me with a salary of $75,000 Does this take home pay not account for investing?
Comment from : Hannah Winslow

I say drop the $500 giving down to $100 until you can get your debts down
Comment from : Joe Sheets

One of the best things I've done was create a budget and stick to it It took me a few months to get it down to where it is was about as exact as you can be, but I did get there brbrAlthough I am confused as to why in this sample budget Rachel is giving she has 10 going towards the church when this sample budget has depreciating debt, ie the car payment That should be paid off first before giving starts that's what her dad teaches in the baby steps
Comment from : Freedom Ring

Can you do a every two week budget as anotther example?!
Comment from : Ashley McLaughlin

Will the app ever be availble for Europe ?
Comment from : Kirsten

I get paid weekly Does this work for me getting paid weekly
Comment from : Steven Sharp

I’ve been donating too much to my lenders in interest I want to get out of debt so badly
Comment from : Pat

Thank you so much for this!
Comment from : Kimberly Alexander

I put a good percentage aside to invest and live on the difference Gotta invest in yourself first
Comment from : Mark G

work part time so u can give the church $500 a month good idea
Comment from : ninjaspore

✝️🙏
Comment from : Luke Harris

Wow that's the median household income? Seriously? We have one of the highest cost of living here in Honolulu and our average hourly wage is like $17/hr? Thats far far less than even 60k per year It's a little over half that No wonder so many of us struggle so hard to survive here Jesus where in the US is the average pay actually that high? I'd love to know so we can move immediatly :P
Comment from : UNBOUND by Tiffany

$1779 a month for health insurance???
Comment from : Andrew G

Yeah NOTHING she said works in New Jersey lol I wish u could find housing for 1200 here and u counted only tax not benefits like health care 401k u walk away with about 3200-3800 NOT 5k also GIVE 500???? Charity starts at home ma’am 🤦🏽‍♂️
Comment from : Cristobal Gomez

I'm glad my wife and I are just naturally frugal No budget to work upwe just neither like to spend and this method works for us to save alot Of course this probably wouldn't work for most
Comment from : Tristan

Murphy loves to visit In the last month I had to go to the hospital and haven't got a bill for that Yesterday the spring on my garage door broke I only have $700 in my emergency fund so I decided to go on Utube and fix it myself for around $200 instead of $700 to $1000 for a technician I get paid this week and started putting $350 in my emergency fund every two weeks so I still should be able to put $150 in my emergency fund Hopefully I can figure it out on UTUBE to keep the technician away
Comment from : Brian Nielsen

$600 a month on food? I know it's an example but that seems extremely unreasonable
Comment from : TwinMama

Ohh one thing you missed that i know can get you into trouble is not accounting for taxes on that extra job/income!
Comment from : BlondeBody

Please do more budgeting videos with EverDollar Include sinking funds for expenses that are either paid just a few times a month on a schedule (like auto or home insurance) or just at random times throughout the year ( such as household items), changes to the budget mid month, savings funds types, transfers between funds, etc just need more practical tips for budgeting and using EveryDollar
Comment from : Diana A

maybe a real life budget would make more realistic example average average average average kinda sounds like nobodies budget
Comment from : gettin there Janice

❤❤❤
Comment from : lovestotravel forever

What about savings?
Comment from : Jeremy Raber

5:28 This is where the credit cards come into play
Comment from : David Milhous Carter

What about home owners insurance? Savings?
Comment from : Chris K

One thing that’s helped my budget is buying in bulk for food and always having a list! I plan the meals I want to make and buy it in bulk and I always have leftovers Helps me from having to run to the store every time to get something I check my pantry and fridge to see what I have left and use up anything that needs to be eaten before I buy
Comment from : Candy

Does the average family really pay $1,779 per month ($21,348 per year) in health insurance?? I think that figure may be the entire cost of premiums for an average family, but both employers and employees share the premium cost, with the employer typically paying majority of the cost The employee's portion would be closer to $500 per month for family coverage If the numbers were adjusted to reflect that change, the family would have an additional $1,279 per month, thus creating a budget surplus of $319 Maybe the family can use the surplus to put towards retirement, savings, emergency fund, faster debt pay down
Comment from : Veri Keri

I'm not sure I believe those utilities I live in a MUCH cheaper area than Nashville Before I sold my 988 sq ft house that had new, energy efficient heat/AC, the electricity alone could get to $200 during the hottest timeswith 1-2 people
Comment from : Jenny Hammond

And they haven't even bought toothpaste, toilet paper, shampoo, renewed license plates, found life insurance in case one spouse passes away, etc!
Comment from : Jenny Hammond

I live on Canada ans your app can t not work here!!!😭😭😭
Comment from : Kathy Gagnon

We take out cash at the beginning of each month and use envelopes We have "set aside" envelopes for big payments that don't occur monthly, like insurance, taxes, car repairs and registration, medical, dentist You forgot haircuts 💇‍♂️ and dog 🐕 & cat 🐈 budget!
Comment from : whoiskevinjones

how can 1/4 take-home pay be ideal in so cal? theres NO POSSIBLE way I can find rent for $1600 a mo in so cal its not 2019 anymore
Comment from : Surf Team

The car insurance was crazy high also that health insurance cost is aweful, you'd be better putting that money in an HSA and paying out of pocket for almost anything
Comment from : Shelby S

You lose me with the 10 donation Sorry, but money is scarce and I will always donate my time instead I work 70-80 hours a week I’m not donating any of that since I obviously don’t want to work that much but I’ll gladly handle the labor on changing a single mom’s brakes for free Anything physical I can help my community with I will always be willing
Comment from : Volvo Twoseries

I don't mind doing 0 based budgets but it really freaks my husband out when the money is allotted this way Also, Part-time jobs where I live earn minimum wage My 16y/o makes $3/hour over minimum + tips and is treated like he won the lottery by other locals
Comment from : Colleen Joudrey

If you're intimidated by making a budget: deep breath and do it anyway You could miss an item or two, but just add them in and adjust Iterate and make it better, and pretty soon it'll be second nature AND you'll find peace in having a job assigned to every dollar!
Comment from : Dakota Wall

Rachael what do you do when you know your “pain point” is Non voluntary medical supplies
Comment from : Angela Kollhoff

Im using every dollar everyday on my savings, it really helped me alot and save alot of money, thank you rachel
Comment from : unfair sanic

If health insurance comes out of my paycheck (affects my take home pay), do I still need that as a line item???
Comment from : Tammi Edwards

With car debt as one of the line items this family shouldn’t be seeing the inside of a restaurant unless they’re working there😂🤣😂
Comment from : Bismark Quartey-Papafio

Yeah, don't know how a budget is "permission to spend" Never been able to get my head around that one
Comment from : raymond_(rnt45t1)

Love your channel! So inspiring! Happy Fall!
Comment from : CarolinaGrace

Hello, what category are we supposed to budget for our toiletries, diapers, wipes detergent?
Comment from : Licson Alfred

Very detailed and informative Everyone could easily follow these tips! Great work!
Comment from : The New Way Home | Mortgage Broker | Real Estate

Lets do one for a single person
Comment from : ROBERT MARSHALL

USA you need a national health service
Comment from : Matthew

I'd love to learn about this part time job that pays $25 an hour That's way more than I make at my full time gig
Comment from : Reverse Lee

I am sorry but who on earth pays these low bills? A family of four eats for 600 a month? 60$ for two cell phones? 60$ for cable? This is definitely not accurate and we are comparable to Nashville I believe! I don’t know how to begin if these are so not accurate 50$ for 4 kids fun money? Where are they going lol
Comment from : Jax The Axolotl

Giving 10 while trying to get out of debt isn’t a good idea if you ask me 😬
Comment from : Samuel Burton

Wow! Just few hours ago I thought that it would be nice to have a monthly budget detailed video from you, and look what is here! brThanks a lot for your lessons ❤
Comment from : Helga Lewis

Just stop giving 10 and pay off your car quickly and that will make the budget way easier lol
Comment from : Alexander Herrera

I love talking about budgeting One thing that I love to talk about with my clients is having goals Most of the people who can't stick to a budget are those who don't have any goals or objectives Always have goals for your money guys LOVE YOU RACHEL Love your videos!!!!!
Comment from : Frank Batista