ACCOUNTANT EXPLAINS: How I manage my money on payday: Income, Expenses & Savings

MY FAVOURITE STUFF:

00:00 – Overview
01:23 - Define the 3F’s
04:49 - Month at a glance (the breakdown)
10:03 - Reflections

DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!

[mickdaggy]

Pro Tip: Never own a boat. Always have a friend who owns a boat.

[celecha]

I actually like manually paying my bills and not setting up direct deposit. It works for me because it reminds me how much I'm spending and reminds me to check my budget more often

[hashassassin]

Nischa, I've been a fan of your videos for over a year, but this one is a mark above the others. The more budgeting advice, the merrier are we viewers. Keep up the hard work, and thank you!

[afamolisedumkwu]

Your video pop up whilst I was studying and my goodness I am now binging on them. Literally covers every aspect very detailed but yet very clear, precise, eloquent, understandable concept, infographic is amazing, no jargons. 👏👏👏👏👏👏👏I am grateful I stumbled on this.

[dragonphoenix]

I like the 3Fs: Fundamentals, Fun, Future. These groups help me to identify which things I must keep in the budget (fundamentals), which things are optional (fun) and how I'm going with long term savings (future). Very easy to use.

[smnimtiaz]

I wonder why are such useful life tips not taught at an early age. These are simple concepts yet critical in defining success or failure!
You rock Nischa! Keep educating us!

[davidthomson]

I agree Nisha. As a fellow accountant I had a similar spreadsheet every month of the year to take account of expenditure/income patterns. I also recommend regularly monitoring your bank accounts. I use IT for savings investments and tax returns. You can make Tax returns easier by collected the data through out the year. Cash savings use ISAs £20k a year income/gains tax
free. As well as running expenses keep a list of assets and liabilities. Well done Nisha with this clip.

[jacquelineallen-joseph]

Using your spread sheet this month. I'm so excited. Sometimes you realize that you have enough to reach your goals and you can see where the waste is. Just setting up spread sheet has given me this info. Instead of shooting in the dark, I have clarity. I LOVE IT!

[Italianized_]

@nischa, you are always surprising me with your content. So simple, easy and valuable at the same time! I admire your work, you are doing a really good job!

[BeyondEducated]

A fantastic structured video on managing your finances. I've created my own to my needs but used the % for the 'money buckets' which is quite eye opening actually. In practice the hardest part about this exercise is the discipline to stick to the 'fun' and 'savings' bucket even if it is automated.

[muhammadtufique]

First of all, I really appreciate your accent and fluency and secondly you've delivered tremendously well the topic. Thanks for sharing.

[hysse]

I love her content and how she breaks its down and makes it easy to understand!

[spikeydude]

I think this is a great approach to make the Needs/Wants/Savings more practical and concrete !

[__ThisisJ__]

Hi Nischa. I got your sheet and it's really good. I was using a Notion free template but with yours, the "actual %" of the spending is a great way to track. Thanks for the share and your work. Cheers.

[msKita]

Exactly, what I needed today since it's the first of the month. I was just writing down my expenses while at work lol. I've just been writing things down on a lined sheet of paper when I'm at home. They get folded and misplaced all the time. I mean things get paid on time and I'm not drowning on debt but it's not consistent. Thank you!

[lakesnlawns]

Great, as always, and so timely for me. Thank you so much for the tracker!! You saved me some time with that. Much love 💕 from Canada 🇨🇦

[Chessbox]

Really appreciate what you do for us Nischa. You really genuinely care about financial literacy. These pdf/videos/courses and other resources that you provide are such a welcome suprise. Thank you!

[Azureandfabricmastery]

Thank you for the tracker. Useful and informative. I have been watching your videos every sunday and now managing my money much better than before!

[joshuanapoleon]

Thank you very much Nischa for making this template resource free to download. I'm a final year student and this will help me prevent lifestyle inflation. Thanks a lot !

[masonminister]

Would love if you could do one around credit cards and the use of them. I recently got a lower credit score because I stopped using my credit card as much as I had in the past, just couldn't fathom that logic.

Thank you for such amazing, clear and simple videos Nischa :)!