How to find more money in your 2022 budget

Yikes! You are spending a LOT more on food, transportation, and utilities and now realize that you need to figure out how to find more money in your 2022 budget. We're here to help.

In this video we cover was to set up your budget for success and where you can find more money in your budget if you are scrambling to cover the cost of rising prices. We give you ways to S-T-R-E-T-C-H your money and to make it go further and explain how money saving challenges can be a very effective tool for you to use.

00:00 - Introduction
02:00 - Setting up a prioritized budget
07:00 - Adding more money to critical budget categories
09:00 - What budget categories are we adding money to in 2022?
12:10 - Six Ways to Cut Expenses
21:55 - Ideas for Increasing Your Income

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//ABOUT:

We're Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on YouTube and visit us at our website and on social media.

DISCLAIMER:
Views expressed in this video are solely those of Under the Median and do not reflect those of Creekmur Asset Management, LLC (CAM LLC). Investment advisory services offered only by duly registered individuals through Creekmur Asset Management, LLC (CAM LLC), a Registered Investment Adviser. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

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[paulahensley]

Well I'm over my budget this month trying to eat from pantry and freezer and only spend $20.00 for the month. We forgot our little homebound Aunt was turning 89 with no children so we had to make her day special, I went over about $15.00 but it was worth it to see her smile 💜

[kimwilliams]

Thank you so much for all of your frugal tips and tricks! I am a single Mom. I have 6 children but only 1 (a teenage boy) still at home. I used to buy groceries with my debit card and never shopped with a list, just buying whatever looked good. 'after my husband walked out on us almost 4 years ago, I moved from FL to PA to be closer to family, I got a job better than the one I had and I made 2 promises to my son. #1 I'm going to prove to you that a single mom does not have to live on welfare because if you set priorities and work hard, you can achieve anything and#2 I will buy us a house within 2 years. I moved to PA in April 2020 and closed on my house July 2021. In part, I was able to make it happen by cutting grocery expenses. I put $200 in an envelope on the first of every month and challenge myself to spend much less. Today, I still have $112 left of my 200.

[Igardenbecauseican]

I have always had a small garden, but last year I decreased the garden to half the size. Use half for berries, half for vegetables. Putting rain gutters on the side of the shed where I am growing Strawberries. Over time I have been adding fruit trees one at a time ( saving my loose change when I get enough coins I add to the garden). I love juicing but with the added prices of food, by harvesting. my own It;
's such a saving Since decreasing the garden that I till myself, I am adding straw bales to plant directly into. I will get both Spring and Fall planting out of each bale. Then I can then use the bales for mulch, compost as well as to grow potatoes, etc. My backyard is about 1/3 acre. So it is an editable backyard. I do home canning, freeze and dry my produce. I live near the water, love fishing and crabing so I am able to process the meat and compost the waste. I take in sewing, making quilts, as well making wedding cakes to add to my income. I will soon be 74 yr old and recently a widow. So it is important to me that I live comfortably, within my mean, and be prepared for the future. Enjoy your YOUTUBE programs, it has been very helpful! Thank You!

[FrugalQueeninFrance]

Hi Hope and Larry, we made the conscious decision this year to save much more into long term savings, we decided to cut out anything that wasn’t important to us. We have expensive food and we’ve kept the budget the same but we’ve stopped buying some items, such as cookies or soft drinks and we didn’t miss them after a while.

[blackjag]

I think it is a fantastic idea to save for your next car as soon as you purchase the first. I only thought about sinking funds for maintenance, gas, insurance, and inspection/registration. I will definitely add this!

[ashleyreynolds]

I am a 34 year old single mother of two and I love all your guys videos I wake up and watch one video every morning when I wake up just for some helpful tips and ideas on saving money and budgeting I appreciate you both thanks for showing up and giving your time to help others

[barbaracarbone]

Good vid. I had to completely do over my 2nd half January budget and Feb too in order to pay for my oil delivery of $517!!!! It's amazing how I eeked through it and cut back. That oil bill was double what I usually pay. So then I went on a crusade to save more on my expenses. I had already went from paying monthly on my auto ins to paying annually and saved $230/yr. A few days ago I changed my deductible from $250 to $1k and saved $200/yr! Then on Friday and Saturday I took the online 6 hr Driver Safety Course and saved an additional $230/yr!!! That's a total annual savings of $660 per yr on my auto ins here in New York stare! I can't believe it! Lol. I am thrilled to bits. I already received a refund of $35 for the remainder of my policy (which is up in couple months) for changing my deductible. I'm still stunned on how much I am saving!!! It's just amazing! Thanks for your video.

[lindas.patton]

I applied for exemptions to some things in my property taxes, I did a Praise God as that cut my taxes in half for the year.

[robinsherman]

I paid my tithe first before I paid any my bills. I always able paid my bills and I usually have money left over.

[JayP-kdrc]

It's difficult for me to cut back on anything, as I am 73 and retired, and my husband passed a year ago. So I only have one SS check coming in now, so have already had to cut things out, just to make ends meet. Trying to figure out how to pay for my meds now, as at the beginning of the year, with your first medication subscription, the insurance wants you to pay for the yearly deductible. What has in the past, cost $300 at the beginning of the year, this year it will cost $600. The deductible has gone up some, and the medication has also gone up. So it's been challenging. I love watching your channel, and some of the things you guys come up with, but it's not so easy on a fixed income. Don't have much wiggle room. But some of your ideas have helped, so thank you.

[lauraweinbrenner]

HI Larry and Hope, I have watched your videos now for about 6 months and I cannot tell you how much I enjoy your work and advice! I love that nothing you say is "out there" or unrealistic for a typical family to do. Some channels are just full of advice which sounds great in theory but are not practical at all for a real family. Keep the good PRACTICAL and REALISTIC content coming! Thanks!

[watchmethriving]

I LOVE watching you two! I live on a disability income and feel like your information is relatable.

[beatrizaceiton]

Pray that is the way. God provides. I didn't have money and today I found 15 dollars just by praying.🇨🇦❤

[tanial]

Omg! You made me crack with the idea of the big umbrella 🤣🤣

[CentsibleLivingWithMoneyMom]

I have paid some bills for the year. It can sure save some money.

[lauras.]

I have been doing mystery shopping for 10 years. This supplements my groceries (and in some years my gas). I rarely eat out unless it is a mystery shop (fully reimburses and I get paid as well).

[RN-mnjn]

My budget cut ✂️ for this year - is no thrift stores for January. And only go the rest of the year if I absolutely positively need something. Last year I averaged $25 a month at the thrift stores...so $300.00 for the year. And of that $300 I can only right now name one item that I purchased....a new Zojirushi bread machine that I bought for $15 .... that's all I remember and actually needed.... And use weekly.
All the other stuff was just fluff.

I added this $25 to my gas budget for 2022.

[debbiemize]

We are both retired, and both have part time jobs, my husband still works for his previous employer on an as needed basis, and I have a home based business as an independent Beauty Consultant. My main income is from Texas Teacher Retirement and I do also get Social Security. Beginning this year, my teacher retirement is taking $50 a month out for Federal Withholding (was $3, Thanks Biden! 😡) and although we did get an increase on Social Security, Medicare premiums also increased! My health insurance increased by $24, prescription coverage by $5.50, and our homeowners insurance went up by $32 a month! That’s more than a $60 a month increase to a budget that has already been reduced by $50! So much for the golden years 🤦🏽‍♀️

Thanks for letting me vent. Your channel is quite useful to me!

[carolynm]

I love the concept of tackling each budget item and challenging yourself to cut each 10%! Definitely doing this! I am going to list all monthly bills and start with the most expensive! Hey! I will report back here when I am done and give you the total saved!

[minimalistlife]

Rain water tax. Wow we don't have that in australia..
I live outback australia it rarely rains