My Money Paycheck Budget Routine (Do This When You Get Paid)

My money paycheck budget routine (Do this when you get paid). In America, there are many people who are living paycheck to paycheck. And they simply don't have a plan for their money every time they get paid. There are 8 things I do, and in this video I talk about my budget routine and exactly what I do with my money every time I get a paycheck.


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🧩 DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only.

This information is only provided as an informational resource and should not be viewed as investment advice or recommendations. You should always get professional financial advice from a financial advisor near you.

The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.

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[ChrisRampersad]

I remember years ago when I was mid twenties, living pay check to paycheck. Id go through the whole paycheck, it just went for things. Gas, rent, food, and also eating out, books, music, gifts, more food, insurance, did I say eating out. Then I heard "Pay yourself first' wondering how people even do that because if I did I'd have even less money. I didnt really get what pay yourself first meant or budgeting. Once you really do it, plan a budget and save money, paying yourself first, its a game changer.

[oc]

I treat my savings account as a BILL. So I tell my self X amount is due every month and since I set up " Auto pay" on my savings account, it makes things easier .

[Bunnyleedoo]

It’s too bad we didn’t have YouTube when I was 20. I learn so much from YouTube vs sitcoms and regular TV. It has improved my life including your video

[SikeChick]

I create a monthly budget at the start of each month and I split my bills, expenses, and savings in half across each of my paychecks. I'm hourly salary and paid biweekly, so my pay is fairly consistent give or take a few cents and the twice a year "magic" month. My employer allows us to have our paychecks direct deposited over as many as 10 accounts, so I have separate accounts for bills like rent and utilities, variable expenses, automatic payments, and savings. Come payday, I just need to make sure funds have been deposited and make some distributions to my Ally buckets and I'm done.

[sophies]

Giving is important ❤❤❤ I agree we can’t afford Not to give.

[divinemessenger]

I’m so glad to see other black people talking about this. I feel like this isn’t talked about enough especially within our communities. My mom never taught me budgeting. I learned by just watching her struggle to pay bills all the time. She still does to this day and I’m mind blown. I didn’t learn about paying myself first until I was 22. That tip alone changed my financial standing immensely. I budget every month and my budget is broken down for the entire year I only have to make little changes here and there. This stuff is so necessary for life! I never got myself caught in the trap of getting a car payment even though I came very close. Brought every car I owned with hard earned cash. People look at me like I’m crazy but hey…I ain’t broke! 😭🤷🏽‍♀️

[deltafox]

I use a notebook and a written budget, and I track my budget 3 months in advance.

Savings first, bills, then debts and then living expenses like groceries.

I get a base salary +commissions and I live off the base. I split the comms as 40/40/20-savings/debt/ slush fund or entertainment

[DmanDaGr]

I told one if my coworkers that I no longer let money rule my life and dictate all my decisions. He took that personal 😆 I recently gave up ALL my non necessities, and I consolidated all my debt into one monthly payment. The stress has been slowing leaving my life. ❤❤❤

[jeltoninc.]

You’re my kind of person! I get the most fun out of being outside enjoying the simple things in life. My wife and I are in our early 30s/late 20s and we already have our home paid off, we share a car that is paid off, and we really save and invest as much as we can! I have stopped drinking and partying, my wife never really did those things like I did. Now we cook nearly every meal at home and spend our off days with one another going on what we call “adventures” to nearby towns or state parks. Simple life is so much less of a headache than trying to keep up with everyone else. Our idea of “fun” is getting a coffee or a nice meal together once in a while.

[BridgetBanksBudget]

I’m a cash stuffer here on YouTube and you are speaking my language!

[Omilloadams]

I put myself on a $100 budget (fun money) to get me from paycheck to paycheck and man let me tell you bro it’s been working .

[vcorucx]

I do the zero based budget. That way i know exactly where ALL the money is going. A budget is everything.

[guerillatactix]

Here is my routine: (Canadian)

1st pay
-take $250 and put it in my RRSP.
- pay my housing bills
- buy groceries
- Pay credit card down
- Put gas in my car and refill my transit card for the next two weeks.
- Buy a video game ( my entertainment)
- Set the rest aside for unforeseen things that comes up, maybe add a bit more to investing.

2nd pay
- Pay my cellphone bill
- Buy groceries
- Pay down credit card bill
- $250 to my TFSA
- Put gas in my car and refill my transit card for the next two weeks.
- Figure out what is left, maybe put a bit extra to my investments. If its less than $150, keep $100 for stuff that could come up, use the rest for a bit of fun, maybe treat myself to some fast food.

I get I could be using extra money to paying down my debt, but I'm not subscribed to Dave Ramsey's work multiple jobs for the sole purpose of paying debt. Have no life, have no friends, be a machine and pay off your debt in 5 years. That is, provided you haven't sunken into depression and suicidal thoughts for doing nothing but work yourself into exhaustion for multiple years.

I'm more of the slow and steady type, changing my behavioural habits and figuring out the things that I, personally, find bring value to my life. I've found that, for me, I stay on track being able to have entertainment and eat out once or twice a month, sometimes with a friend or a family member. Its good for my mental health and doesn't feel like I'm depriving myself of anything.

I also get the part about giving, but I look at it like a falling plane. You shouldn't help the person beside you put on their oxygen mask until you put on yours first or you'll be of no use to anyone. By that I mean, to give money to someone, I essentially have to take the money from somewhere in my budget, but totally not a budget. That place I take the money from could negatively effect my mental health or my drive to get out of debt. Thus until I am debt free and I have my investments at a place where I think I am doing alright, I'm not going to be giving my money away to other people or other causes.

[mskmerrillful]

I do have a routine. I take pen to paper and create a budget. I like the old school way of writing 😊

[drhur]

You should be lecturing at university mate this is really good stuff and is useful to teach the youths of today to not get stuck in a rut in the first place.

[edgardomatos]

Your on point . I get paid every 2 weeks. Truck driver . First 2 weeks I put $1000 away, 2nd set of weeks I put $500. That my rent week. Otherwise not much debt. Building credit score .
Thk u

[patrickgoss]

3 days before payday, I record all of my bills for the upcoming month. That way I see out things look initially. I make changes to bill amounts (like utilities) as the bill arrives during the month.

[HTXVintageVibes]

I did envelopes for each bill for a long time. I put exactly 25% of each bill in each envelope each week. I took 30% atleast of what was left over and put in an account for emergency only. I was a bar tender and had good and bad seasons. So it helped carry me and I always had my bills paid.

[deadlionfish]

I always pay everything I can get my hands on immediately

[agookchild]

Your analogy of the budget and the architect is one of the best I've seen on the internet.

I also follow the 60/20/10/10% = Needs/Debts/Investing/Fun