My Paycheck Money Budget Routine ( Married Edition )

Now I made a video about my paycheck money routine, and it got over 1M views, I hope it helped everyone who watched it. I hope this one helps a lot of people to.

But now since then, something massive has happened, I’m now married, and its not just my budget and what I want to do with the money but it's us and what we think we should be doing with the money and so on.

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1. My Budget has changed a lot ( but not really )
- Not really in the sense that I’m still frugal and my wife is also frugal
- But she does like to travel and so we have a fund for that
- It is important to get on the same page ( so let me mention a few big things )

I believe:
- When you marry someone, you are becoming one person ( as the bible says )
- So I don’t have my money and she doesn’t have her money ( we just have our money )
- She doesn’t contribute to any bills and neither do I, because we do that
- I work right now and she is at home, and that’s a massive privilege ( but it is also because we keep our bills low )
- But because I make the money, I’m not out here saying you have to obey every decision I make, everything is pretty much a conversation

Tip:
- People will always have trust issues but it should stop you from doing the right thing
- And being married and having a partner
- And only being half committed doesn’t result in good results if you know what I mean

2. Before you can do something with what you earn you have to know what you spend
Our first Cost is Shelter:
- This is where we live
- We spend about $154 per month for a 2 bed 1 bath apartment
- I used to pay 0$ because I had a paid off house, but I sold that house in Puerto Rico and now live in the Dominican Republic

Second Utilities:
- Gas, water, light, phone bill and internet
- Add up to around $100 per month

Food:
- We spend about $256 in total
- We eat about 80% of our meals at home
- And only about 20% outside
Transportation:
- My wife came with a car
- And between gas and all that stuff
- We spend about $110
Other Cost:
- like insurance
- other spending and giving
- maybe around $580 bucks

the total amount and I rounded the numbers for simplicity: $1,200

but if things got hard and difficult: we could spend a lot less
- beucase we also have in this budget 200 we save for annual vacation and so on

3. My personal routine when the money hits the account is this
- I have a nonactive landing account
- This account is without a debit card, all it does is receive the cash

Emergency account
Debt payment account
Investment account t
Expenses account
Fun account
Charity account

These are 6 ways that I use my money, they are not really 6 different accounts that I have and that I use all the time

Let me explain:
- I already funded my emergency account for 12 months ( that’s in a separate high-yield saving account – no debit card )
- Debt ( I don’t have any, so this account doesn’t exist and even if I had, I would need to send money to the debt, no need for an account, to save other people money )
- Investment ( I’ve paused investing, but i used to send 10-20% of my cash over, but for now I pause. Reason: I’m thinking about diversifying into real estate and I also want to buy a home for my family )
- Expenses ( separate account with two debit cards for both of us)
- Fun ( I don’t have it, but I should have a separate joint account with a debit card, here we get charge for having a debit card is the problem )
- Charity ( just do your charity when you get the cash )

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

[patty]

Love that you love God❤ He is our source and our lives are better for it. Blessings to you and your wife.

[iwantosavemoney]

My routine is save half or more and do it again next month

[The_Screw_Up_Who_Grew_Up]

Tommy you married now?? Thats good king, keep progressing

[MzCynt]

Congratulations Tommy to you and your beautiful wife! God bless you and your family!

[raelis_vasquez]

What do you do about family that knows you have money?

[BudgetsWithELMA]

Congratulations on your wonderful Union, pray that God will continue to bless your marriage. Thanks for creating this "marriage budget" video❗

[LifeWithty]

Congratulations I didn’t even know you was married. I thought you was like 25 or 26 but I guess that’s a good time to be mad. I’m 35 and not married.

[thebeerguycorp]

New Tommy That’s Why You Hit That Bell 🛎️ 🫡 2:00

[ajmk]

How do you set up multiple accounts? Do you use the same bank?

[TheSolver-PR]

I would say it's a "we" in the comsumption and "me" in the doing. If she shares his values, there's a chance.

[yu]

your wife is Gorgeous!
Congratulations and best wishes.

[lifewithnickyd]

Captions don't line up with what you are actually saying 😮

[stf]

Tommy, I remember when you sold your house and moved. I knew you were lonely. I prayed for the Almighty God to send you a wife. I'm so happy for you. Stay blessed, from a wife of 24 years ✌️💯💝😊

[Starronebeatz]

Tommy I'm glad for you Bro, but things can change drastically if the other person isn't like you when it comes to Saving Money. I'm sure you two have had the talk about it not being about "You" but more so her, and having kids, but it can deplete your Finances. They'll want to buy things they do not need to fill a void of false Happiness, you'll say no, they'll get upset, they'll say it's your turn to watch the kids, you may be tired, but you'll it due to you feeling obligated. You're Retired, but now you have to come out of it, because your income may dwindle significantly. Stress is the biggest part of it all, due to the affect it will have on you Mentally, so be safe, because your Income can become victim to preditory behavior, and your Health can suffer greatly from the events that surrounds it. I've been through it, and I know you need your own experiences, I'm just giving advice, as you are an individual I've watched blossom, and evolve, into something ineffable Bro.

[KentPetersonmoney]

You were smart to get married young. It's harder to find someone when your older. Is that your wife in the thumbnail?

[dnah]

I think everyone needs an action plan = budget. Folks see the word budget as distasteful as the word diet.

[JamesCzech-gm]

❤️I will be forever grateful to you miss Charlotte Bates, I really don't know how to appreciate you, you change my life and my family situation, a huge thanks to her expert Charlotte...🎉🎉