My 1st attempt at budgeting

[mug]

I make about $1700 per month minimum and spend an average of about $1000 per month but im still broke af

Here’s my budgeting plan I made tonight cause I need an emergency fund and a car lol

I get paid every 2 weeks on Friday, is this good?

 

[Tallooksmaxxer]

$7 -> bitcoin/savings

 

[mug]

$7 -> bitcoin/savings

2$ goes into bitcoin daily $5 goes into splurge saving daily

 

[traveler]

looks legit

how much is your rent and utility bill?

 

[mug]

looks legit

how much is your rent and utility bill?

Living w my dad he pays rent it’s about 1

Also the $200 is split up so it’s 100 goes into car account and 100 goes into savings account maybe I’ll make it higher after I dial in my spending habits tbh

 

[ALP]

Download spotify premium apk or learn to download mp3 and listen that way ($5 saved).

There are pirate sites to watch series free unsubscribe amazon prime too ($7,50 saved).

 

[mug]

Download spotify premium apk or learn to download mp3 and listen that way ($5 saved).

There are pirate sites to watch series free unsubscribe amazon prime too ($7,50 saved).

I need to jailbreak my phone for the spotify tbh.

Amazon prime is shipping lol

 

[mug]

Oh yeah and my wifi bill is 50$ monthly

 

[Deleted member 19499]

I use the money jar method to administer my money

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1 jar for bills and expenses (Mainly necessities such as food, water, etc., but also rent, electricity, and other recurring bills)
1 jar for long term savings (I use this for an emergency fund after saving up 6 months of rent in advance)
1 jar for education (I use this for Looksmaxxing since my school is paid off by financial aid)
1 jar for play (Spend on whatever recreational activities or possessions you desire)
1 jar on financial freedom (This is for stocks/bitcoin/index funds/etc. for passive income and retirement)
I skip the donation jar cause fuck that LOL and administer this jar's money to the other jars evenly

You can divide the jars into whatever percentages you see fit as long as they all add up to 100%

 

[mug]

I skip the donation jar cause fuck that LOL and administer this jar's money to the other jars evenly

based, charity organizations are corrupt anyways

 

[brucel]

2$ goes into bitcoin daily $5 goes into splurge saving daily

Bruh what?

 

[mug]

Bruh what?

Bro its my 1st attempt, before I just did whatever and made sure I had enough for food.

Its setup so 2$ Goes in every day

 

[brucel]

Bro its my 1st attempt, before I just did whatever and made sure I had enough for food.

Its setup so 2$ Goes in every day

I see

 

[mug]

2$ goes into bitcoin daily $5 goes into splurge saving daily

My splurge account is $1000 for gaming pc

 

[Deleted member 16133]

use audiomack instead of spotifyu lmfao waste of 5 dollars
thats legit 72 bucks a year xD
same with bitcoin u aint gonna get far just piutting in 7 dollars

 

[Deleted member 19499]

My splurge account is $1000 for gaming pc

I usually spend $2-3K on a gaming rig, but it lasts me for at least 5+ yrs so it's worth it to splurge on a beast system.

 

[Deleted member 19499]

use audiomack instead of spotifyu lmfao waste of 5 dollars
thats legit 72 bucks a year xD
same with bitcoin u aint gonna get far just piutting in 7 dollars

5 x 12 = 60, bro. Mirin math skills.

 

[CristianT]

I make about $1700 per month minimum and spend an average of about $1000 per month but im still broke af

Here’s my budgeting plan I made tonight cause I need an emergency fund and a car lol
View attachment 1737112

I get paid every 2 weeks on Friday, is this good?

Just lol at having a car. I literally rot all day in house. No need to pay 200$ for that shit

 

[Kroker]

Why didn't your dad buy a small house?

Don't you live in USA? I thought buying a house is number 1 priority for USA citizens

 

[mug]

use audiomack instead of spotifyu lmfao waste of 5 dollars
thats legit 72 bucks a year xD
same with bitcoin u aint gonna get far just piutting in 7 dollars

5$ a day retard

 

[Koroshiya]

why the fuck do you have at&t? you don't need tv

 

[mug]

why the fuck do you have at&t? you don't need tv

Its my phone bill

 

[Deleted member 16133]

5$ a day retard

holy hit lmfao save that shit up do the amth 365x5

 

[Deleted member 16133]

5 x 12 = 60, bro. Mirin math skills.

bro i dropped out of school lmfao cut me some slack bruh i legit forgot how to count evben tho im a cashier and usually i go 5-10 doallrs aover my till and randomly hand out free 20s to niggas at walmart i cant help it
these bullies did this to me niigga

 

[Sal]

Pretty good. Just remember. Liquid savings isn't the best. I would have 5k liquid cash. The rest should be in investments with returns. Why?

You have to account for inflation of the US dollar. Not the headline inflation. But core inflation which is like 10-14% per year. So lets take 10%. If you got $100 saved today. Next year, it will be worth 10% less. So it would be equivalent to $90 of actual buying power. Which is what matters.

So yes liquid cash is good, but only as a small emergency fund of around 5k - 20k depending on your risk tolerance (ie. more kids/dependents more money in the safety fund)

But yeah. Honestly I would allocate 50% of my first few checks to my emergency fund. Get that out the way, then start enjoying your money and saving for long term investments.

GL.

 

[mug]

Pretty good. Just remember. Liquid savings isn't the best. I would have 5k liquid cash. The rest should be in investments with returns. Why?

You have to account for inflation of the US dollar. Not the headline inflation. But core inflation which is like 10-14% per year. So lets take 10%. If you got $100 saved today. Next year, it will be worth 10% less. So it would be equivalent to $90 of actual buying power. Which is what matters.

So yes liquid cash is good, but only as a small emergency fund of around 5k - 20k depending on your risk tolerance (ie. more kids/dependents more money in the safety fund)

But yeah. Honestly I would allocate 50% of my first few checks to my emergency fund. Get that out the way, then start enjoying your money and saving for long term investments.

GL.

Very insightful TY