How to Make A Budget | Budgeting for Beginners

Let's talk about budgeting! I get into the nitty gritty in this video and show you exactly how I budget and sort through my finances each month as well as share all my favorite apps and tips to make your life easier!

0:00-1:44 Intro
1:45-2:37 Things To Keep in Mind
2:38-3:10 Figure out Your Goal
3:11- 6:12 Let's Start Budgeting
6:13-13:19 Budget with me
13:20-14:59 Final Tips

Things I Mentioned:
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✰ F R E E ✰
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GEAR

[tessadeighton]

A tip that I have is to hold most of your money in your savings account instead of your chequings account! So when you go to spend money, you are forced to look at your bank account to transfer money over and it almost makes you feel a little guilty. It's also slightly annoying which deters you from spending more lol

[miriamstrauss]

If you are reading this, I hope you have an amazing day and I hope that you find the inspiration to pursue your passions and your dreams. Just remember, you can do it ❤️❤️❤️

[iNinjaBannanaz]

Figuring out my "guilt free spending" amount was the MOST empowering and helpful tool when I started budgeting. It feels like parenting yourself a little bit, but it's literally an allowance and it makes me so much more relieved to know that I can afford to buy the things I want sometimes! It also forces you to be more conscious in your purchasing decisions, and intentional. Do I want to buy this now? or next month? Will I still want it then? etc etc. Great video!!

[bel]

it just hit me when you say that the best thing about making money is to spend them, because all this time I feel guilty if I spend my money to buy clothes/games, its like I think all of the money I make is to invest.

[ray]

I just spent 2 hours making a budget of the past 3 months. I keep telling myself I need a budget but haven't found my platform to keep track of my spending. After watching this video I love the excel idea just being able to see laid out. Hopefully this will stick! Love watching your Financial videos!

[SamElle]

my motivation to budget is to move out!! It's really expensive to live in NYC and Im still living at my parents!!

[lexibragg]

Thank you SO much for all the budgeting videos Elena! I'm 19 and about to be in my last year of college and I've been trying to be more intentional about saving money instead of spending it all on starbucks😂 Thanks to you I opened a Roth IRA, invested in stock, and have an emergency fund!

[shotsndocs]

U r the big sister that i never knew I needed 😭❤️❤️❤️

[JenLauren]

*me taking restaurant recommendations from your budget spreadsheet* 😂

[marararaxD]

Thank you SO much. This is so useful, as well as all of your other finance education videos! I would LOVE a template of your spreadsheet & i'm sure many others would love that too.

[sunnynacia]

needed this because im terrible at it 😭 always giving us the content we need right when we need it

[michellengo]

Wow I was today years old when I learned how to budget....this was amazing and so helpful! I look forward to seeing more of your content! :)

[anaisindia]

Hi Elena! Please do another 'what I spend in a week' video - it's how I found your channel! :)

[slothgirl]

Literal definition of brains and beauty

[nicolearaujo]

First time watching your videos. Thank you! I love how helpful it was but most importantly how relatable you made it. Thank you Elena! you got a new subscriber!

[SydneyJewel]

QUEEN I NEEDED THIS!!! YOU HAVE NO IDEA HOW MUCH THIS HAS HELPED!!!

[yourdaybymk]

Yes! The word budget also doesn't have to be a negative word - it should be thought of as a neutral and something you are in control of! It doesn't just mean it's restrictive - it's just how your money works for your life!

[paulasalazar]

Thank you for this video!! I will move countries for uni on august and your videos have been so helpful to start figuring out how to manage money and live on my own for the first time.

[hazimah]

Ahh this is very helpful for someone just starting to get into adulting, thank you Elenaaa 😭❤️ Really appreciate it and have a nice day!!!

[matildabjorkman]

Super helpful as always!! I get so motivated and inspired by your videos!!