HOW I BUDGET MY £47k a year SALARY - How I budget for Saving, Sinking funds, Investments & Spending

HOW I BUDGET MY £47k a year SALARY - How I budget for Saving, Sinking funds, Investments & Spending

Not enough is talked about money and how we manage it, and as a Working Mum (I work in IT with a background in Engineering) it is important we get our household budgets right. I'm passionate about investing, saving, sinking funds, giving to others and doing great things with our money heading towards financial independence - and with this video I show you how I moved up the career ladder PLUS also now manage my wage as our household main income.

In this video, I use my product that you might love:
AutoPilot Money System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker

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and you might even have your name mentioned on one of my upcoming videos!

👉Links to Investment Platforms I use & Affiliate links:
 eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. I earn a commission if you sign up using my link / Sponsored by eToro / #advert / #eToroAffiliate

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If you enjoy this video, HERE IS MY MONEY BASICS that I teach:

HOW TO START A MONEY STACKS METHOD BUDGET - Achieve Financial freedom, goals, Savings & Investments

5 MINUTE FINANCES

💵How to Open an Investment ISA (Stocks and Shares ISA)

Intro to Investing
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My products you might love:
AutoPilot Money System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker

The only step by step course that shows you how to design a Budget that allows for financial freedom and also creating the life you want. Check out my
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Where else to find me:

TAGS : #howtobudget #investing #money

[fattypark]

Class! Nice to see someone in the UK doing these. Nearly all financial advice vids seem to be American which isn't a problem, but it's always more relatable when they're UK based. Having several savings pots is a nice idea, I seem to lump things together too much!

[Vinnie]

In my humble opinion a wise decision - an increase in transparency leads to an increase in credibility. Great work - subscribed.

[gm]

You know you’re a financial genius when your side hustle is greater than your salary.

[sparks]

Love the vids, so much more relateable than others.
Would be keen to see how the £10k side hustle is broken down, e.g. £x from YouTube, £x from e-courses etc.

[VeroniaSpaine]

I love that you’re so transparent with your numbers! This makes it so relatable so thank you 😊

[jasonsavory]

Finally purchased your spreadsheet, I'm earning more than I have in my life so far and have a young child and we're trying to buy a house! Loads going on and I need to get some clarity on my finances, so thanks!

[elainhayter]

Jennifer you are a godsend 🤩. Thank you for getting right down to the nitty gritty and being so honest and open with your finances. I now pay into 3 charities..only £10 each but it really does feel good being able to give something back even though it's not a massive amount I know it will be helping someone somewhere. Best wishes to you and your family x

[ellea]

Thank you for talking us through and being brave enough to share actual figures in the name of teaching. You are brilliant ♥

[badbwoy]

Well done Jennifer, love to see other people doing great things.

[MikeAllaway]

Loved hearing your journey, thanks for sharing! People often don't like talking about salaries (as we're British!), but I think it's really interesting to hear people's career paths.

Since leaving uni in 2012 I've followed the safe path of employment in IT, but have always wanted to do something a bit more entrepreneurial. I started as a trainee software engineer on about £23k and worked up to a senior software engineering position at age 30, currently on £45k, with automatic future annual increments up to £55k over the next few years. Because of the comfortable salary + other cushy perks in my job, I've written off the idea of following a more entrepreneurial path. But seeing your videos and how you've managed to do both (as well as raise 2 kids!) has been really inspiring and given me the motivation to explore some side hustles I've been thinking about for a while.

Thanks again! Really enjoy all of your vids.

[ryantmz]

Just graduated from uni and entering the workforce in about a month. This video couldn't come out at a better time! :D

I've been educating myself a lot recently about budgeting and making the right financial decisions. Unfortunately, most "How I budget my XXX a year salary" on YouTube I've been watching are US-based ones. Glad that this video is out, as a UK-based one is much more relatable!

I love how you shared your journey as well, really inspiring stuff! :)

[AgameListro]

Jennifer you are amazing! I wish I discovered your content 10 years ago but as they say better late than never

[DanG]

The honesty and transparency is a breath of fresh air.... Subscribed

[ohmygawdhey]

What a fantastic video and channel. Thank you for the transparency. I'm 28 and earn £38k pa from my main job in Biomass Engineering and side hussle as an Electrician but make nowhere near £10k a month!! Lovely to hear your full story. Subscribed.

[DevineOne]

Great content and well done! It would be great to see where you shop for your food and a breakdown. Our food bill is 3x yours for family of 4.

[FreeyourFinance]

Awesome video, Jen.

It’s amazing the level of detail you share about your life and finances.

Having the sinking funds for things like your cars and events is such a great idea to have!

[budgetingdaddyuk]

Wow this is an amazing video. You are truly smashing it. Well done.

[Ceja]

Wow, you are brilliant, this is so helpful. I really admire you for giving a percentage of your income to charity, it's inspiring me to do more of that!

[henrietthadler]

I am attentive to all your videos and learning new applicable steps. I am also sharing them with my teens and hubby and we are all on a journey together to make new changes. Truly thank you for them. I was always good at budgeting but my financial horizon stopped there. I saw money the end goal that buys/allows our life-style. I have been inspired by money being a tool; the concept of passive incomes and boy I am determined to make changes.
We have similar income but raising 4 kids, living in London and car insurance eat more deeply into our pocket. To be able to break the cycle of month-to-month living I will need to start side hustles. I enjoyed your videos on them and already have ideas where to start. Thanks again for investing into us.

[Oggiesilverfitness]

Wait for the day when you no longer have a mortgage! 9 1/2 we paid off our mortgage. You have done very well Jennifer. I am at a different stage in my life and considering at least reducing my hours in the next couple of years and then fully retiring. Thankfully, we are financially secure and no worries. Still need to budget though, we are not friviolous and intend to continue like that but enjoying what's left of our lives. Your advice has certainly made me money regarding investments so thank you.