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FINANCES 101| How to Budget + Save Money // Millennial Edition

**FINANCES 101| How to Budget + Save Money // Millennial Edition**



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How to SAVE and BUDGET Money 101 – Millennial Guide

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Tips :

1. Budget / Savings
2. Credit / Debt 101
3. Raises
4. Deals
5. Quality over Quantity
6. Financial Independence
7. Health is Wealth
hello everyone welcome back to my channel my name is nate if you're new welcome to our channel definitely subscribe and join our family thank you guys so much for watching this video first and foremost so today's video we are going to talk about finances and this is something that I think is extremely important especially for Millennials just because we aren't really taught about finances unless we're taught by our parents or like professors I want to share with you guys some tips and tricks that I've learned throughout my year so far I'm currently 23 so I have six tips to share with you guys all about finances let's go ahead and get started so the first tip that I have is to create a budget budgeting is something that is extremely important so that you know where the majority of your money is going what bills you have to pay and it helps you prioritize your life so some things that I have on my budget I'm going to read out loud to you guys I basically have like rent electric cable Wi-Fi gas groceries out to eat other some other things that you could throw in there it's like if you have a pet if you have a gym membership fashion traveling a car payment insurance school other random things like Netflix or Spotify this helps you look at what is set in stone and what can be played around with so I have this whole budget in my Google Drive and then I also have a section of income that comes in something that I do is I prioritize my budget so I make sure to put in what I want to be spending money on and what's more important to me and which ones can fluctuate a little bit so for example fashion I love buying clothes but that's not my main priority so I don't have a fashion section in my budget another thing that could be not a priority for you guys is rent some people like to live alone some people like to live with roommates some people want to just live with their parents which is totally fine so that you can save money and become more financially independent and focus your money and attention something that you are prioritizing another prioritizing thing would be if you're trying to start a business if you're saving for a house going out to eat my budget is monthly but you can look at it weekly so for example if you're going out to eat how much do you want to spend every week going out to eat you want to go out once twice three times a week realistically think how much you spend when you go out to eat for example let's say you spend thirty dollars when you go out to eat times up by four that's how much your monthly out to eat budget is gonna be the number-one thing about your budget is you don't always have to meet that goal just because you've budgeted four hundred dollars to go out to eat doesn't mean you have to spend $400 to go out to eat if you don't add up to your savings make sure that you're prioritizing what you want make sure you're giving it a realistic budget you don't want to put something that's too low and then you always go over because that's just gonna give you a negative look on money and you're gonna get stressed all that goes downhill so what I do is like let's say I just want to spend I don't know four dollars a month on groceries I'll just go ahead and bump that up by twenty to fifty dollars just so I have that little leverage once you do this for a couple of months you can kind of see where all of your money is going and you can tweak it every single month so if you've noticed that you've been going over $100 every time in groceries add a hundred to the grocery section and then decrease the hundred by something else this is all tweakable sometimes you might see you a pattern and want to change that for example if you go to Starbucks every single day and you see oh my god I'm spending this much money on Starbucks it'll make you want to cut that add that to some other topic of your budget or just your savings so I have a detection my actual versus like my budgeted section and then I have a section that is like the difference between the two and at the end it adds up to like how much I saved that month or how much I overspent you want to make sure that you're paying your bills things that are like a necessity that you have and you need to pay on time otherwise you'll have credit issues like rent an electric bill things like that your water bill you want to make sure that you're paying those the minute they come in those are the main priority so I have another section for work so I will add up all of my spent money and then all of the money that has been income for that month and I will find the difference and again it will they show how much I saved hearses how much I overspent every single month I will go through like my credit card and my debit card go through every single transaction and then I will write down how much I spent so as for like your work section you always want to make sure that you're having multiple sources of income that's kind of the goal the more sources of income you have the more leverage that you have if one fails or you no longer can rely on one of the and it comes for that month so that's kind of like your main priority but you also want to make sure that you are having one source of creative flow of income whether you're making income from it or not or whether you want it in the future something that you're working towards it's something that is like your goal you don't want to just have a full-time job and just be living paycheck to paycheck because you're bored in life you want to always have something that you're working towards so always add that into your income section whether you're making money or losing money from it always add it if you're not making anything you just put a zero there but you know that it's like humming because you're putting it in that section also if you're noticing that you're spending more money and you're not able to make those bills go lower realistically grab a part-time job like certain places like Starbucks students go there and they actually pay for their school so look up part-time jobs that have benefits do something but know that it's just there for you just for extra cash don't look at it as a negative part-time job if you really really hated that much and you don't like it get a different one another thing that you can do if you are a student put your job as like applying for scholarships there are so many different sources of income when it comes to school I'm Skyler ship wise internship wise and if you focus a certain amount of hours a day on looking for those sources of income like grants scholarships and stuff that can become a part-time job and that can be time spent forgetting things that you truly want rather than hard time job and just wasting your time there if you can find a better way to spend and prioritize your time to get more income for what you truly want that's something I suggest especially for students also you can get super creative when it comes to like little part-time job some part-time jobs they pay minimum wage and that's not realistic for a lot of people and for especially Millennials one thing that we have that a lot of other older people don't have is that we can use social media and week use it to our advantage so you can use it for yourself by creating social media platform for yourself but you can also use it for other people so there's an older person that doesn't really know much about social media and their business is kind of going down you can step up to the plate and become that social media person for them and help promote their company another thing you could do is babysit pets it house it clean mow people's lawns talk to your neighbors figure out what you can do I used to do that when I was in college I actually was on care comm and I ended up getting so many babysitting jobs and they paid way more than minimum wage plus I felt like I was part of their family plus they told their friends who told their friends and eventually I got so much it became like a business so definitely talk to other people and find other little sources of income through family and friends because odds are that's going to be way better than having like a minimum-wage job you want to make sure that you're investing in yourself and in your future spend your money wisely if you have a car payment for example that's not really where you want to be spending your money if you don't have other things that you're investing your money in when I think of like a nice car I think of it it's like a toy and rather than like that I need because cars depreciate the minute you buy them you're not making any money from them you want to make sure that you're putting your money into things that you are investing in yourself your future your business whatever it is make sure that you're spending money to make money not spending money and watching it just blow away don't spend it on stupid things like a car payment if you can't afford your rent or you know just things like that so the second topic is gonna be all about credit this is a super hard topic to talk about for a lot of people especially Millennials because we have lots of student debt and we tend to get ourselves and travel a little bit in the beginning and then it's all downhill from that but it's not I'm gonna tell you guys a little bit on how I got started didn't start my credit until kind of like when I was 16 or 17 when I got my car it was actually my dad's name so I wasn't billing any credit that way and I didn't have any credit so what I did is I went to a credit card company I think I was like chase and I kept getting denied because I didn't have credit and it was frustrating too because people who were like way in debt were getting approved for credit cards and I literally have no debt but no debt is just as bad as bad credit because I kept getting denied I ended up having to go to a credit union which I don't even know what the difference is but basically I got a credit card I think it was like for $1000 and I just used that for every purchase that I made but the number one thing that you want to do with credit cards and this is extremely important extremely important it's to pay in full them a month that it's due so example my credit cards do every fourth of the month and I actually pay it on the 1st of every month and I pay it in full I never ever pay less than what to do that could be a little bit difficult if you don't have the income for it but don't use the credit as leeway do not get credit and do not put credit on your credit card if you don't have the money to pay it off so once I build up my credit for about a year I went to chase and I ended up getting a credit card there and I've been using that chase card for as long as I can remember now and I use it for everything like I said I pay for it in full every single month make sure that when you're using your credit card – that you're using it and kind of keeping note of your budget in the back of your mind so that like if I went out to eat ok I know I spent $40 at this restaurant so that's kind of over my weekly budget of 30 so next time I know just kind of keep it in the back of your head every time you use it you also want to make sure that you are getting credit cards that do not have fees especially if you're new you want to make sure that you are getting one with no fees you do not want to pay for a credit card because that can just get you into trouble another thing is you really don't have to worry about interest fees if you're paying it every single month fully so that's something that I didn't even have to learn just because I pay it every single month you also want to make sure that you're paying cash for everything that you can realistically pay for you want to avoid interest as much as possible because that's just money that you're throwing away if you're buying big purchases like a bed or a desk or a TV it just gets it out that way so it's just a one-time payment and you're good if it's not something that you actually need and you're buying it and having to pay monthly for it and you're on some sort of plan there's no point in getting it because you don't even have the money to afford it now so I just think you shouldn't be buying it unless you have the money in the cash now you also want to make sure that you remember that your credit is forever so start it good and keep it that way if it starts bad or off to a rocky start build it back up you're young there's always a way up so make sure that you just know that you're gonna have this forever with you so make sure that you're treating it with care something else with my credit card now the one with Chase who are extremely amazing I actually get money back for every dollar I spend don't use that as like a tool to like just go spend but knowing that I use it all the time for all my transactions and then I'll pay it in full every single month so basically any time I'm ever low one month I can always go to my credit points and just add that so having credit points and like getting money back as something super important to me because it's just free money you also want to make sure that you check your credit once a year um I use Credit Karma if you check it more than once a year not good for it so make sure that you're only checking at once or twice a year make sure to double check everything make sure no one's stole my identity make sure there's no bills on there that I don't recognize or know and I actually had one month time where there was like a debt collector it was like some dentist or some doctor's appointment they never called me they never sent me anything but because I changed my mailing address I never got the bill so I immediately called them up and paid it helps with things like that because if I didn't see that that would have been on my credit so you just want to double-check and make sure that everything is good at once or twice a year and you will be good so the third thing that I have is don't be afraid to ask ask for a raise and most likely you will get a raise when you ask for a raise it shows confidence and it shows that you're strong willed it shows that you're invested in the company and you want to stay and you appreciate them and you know your worth and odds are they're gonna say yes and the worse that they can say is no so definitely don't be afraid to go out and ask for a raise or a bonus or maybe a promotion the fourth tip that I have is to be cheap but not stupid I know this sounds kind of mean but some people think of like buying super cheap things and it seems scam me and then they get themselves in trouble and then they have to deal with that situation then they get frustrated and they lose money from it if it sounds like a scam it's most likely a scam make sure that you're buying things from reputable companies like if you're buying electronics you want to make sure that you're buying them from Best Buy Amazon most of the times those bigger companies they price match so if it is like you find a different deal you can go up to them and ask them saying hey I found this laptop for this price on this website can you match it I've never spend a little bit more money on companies that are reliable than getting myself in a whole situation that can end up sealing my credit and things like that because odds are that easy way out is like kind of a scam if it seems like a scam and seems untrue and unreal it most likely is a scam I also find like really good deals I do a little bit of research and I find like deals on it so that's just something when I say like be cheap just know where you're spending your money and spend your money wisely fifth tip that I have is quality over quantity you want to make sure especially when you're buying things for your home or for yourself you want to make sure that you're buying quality products rather than quantity I'm having a lot of like really cheap things is not the best less is more when it comes to everything when you buy one good quality product and you spend a little bit more on the product you'll have it for a longer period of time if you buy a lesser quality product you'll have to end up buying it more and more and you end up paying more in the long run the sixth tip that I have is to create financial independence for yourself you want to make sure that after everything you're not relying on parents partners and sources of income that are you want to make sure that you are financially independent if anything your parents cut ties your partner divorces you whatever it is you want to make sure that you are financially independent so you don't have that stress and worry over other people controlling your financial freedom independence a super key and growing as a person and also becoming comfortable with money you want to make sure that you're understanding money coming financially independent is super important to yourself and just protecting yourself overall the seventh and last tip before my battery dies I'm trying so hard to talk so fast is health as well a lot of people eat really crappy food they drink a lot they do drugs they don't take care of their health and in the long term will be detrimental to your wallet health issues especially in America are super expensive you wanna make sure that you're eating organic food working out going to the dentist just keep up on your health and know that whenever you're working on now is good for the long term when you take care of yourself now it's going to become a habit and you won't have to deal with all the bills and stuff that comes with unhealthy habits you want to think long term it could be physical and mental you want to make sure that you're taking care of your mental health just as much as you're taking care of your physical health this is a super long video thank you so much if you've stuck to the end definitely give this video a thumbs up if you liked it if you guys have any other questions for me please please ask I will answer every question that I can see you guys all in another video soon bye guys time to go charge my battery you

Surviving on a First Year Teaching Salary | Budgeting for Teachers

**Surviving on a First Year Teaching Salary | Budgeting for Teachers**



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Here is how I survive on a teaching salary as a first year teacher, and how I budget my lifestyle. As a first year teacher, the first thing people always ask me is my salary as a teacher, and how I budget! Although my teaching salary isn’t very high, I’m still able to maintain the lifestyle I want by budgeting EVERYTHING. I feel I am very blessed to be an independent young adult. Yes, teachers don’t get a high pay, but I think the work we do is worth it!

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what's up everyone welcome back to my channel today I thought I would talk about a topic that a lot of people ask me about and it's teaching salaries and how I can survive off of one in California starting teaching salaries range from 35,000 to 55,000 it really depends on the school if it's public or private the area and so I arranged somewhere in the middle so yes teachers don't get paid a lot and if you're in this profession you will likely aren't in it for the money you're in it for the change that we can see in these kids I guarantee that if you are called to an area where you're not making a lot of money God is going to provide for you he's going to make a way for you and it's okay don't go after money because it could all go away at any second and so it's better to just live your life doing a career that you genuinely enjoy and have purpose in I thought I would show you my lifestyle I will give you a breakdown of how I spend my money every month and then also show you where you can look up different public school districts and their teaching salary schedule your breakdown might look different from mine but for the most part I just want to say that yes you can survive on a teaching salary I am very content with everything that I have yes I have to sometimes second-guess whether I can get something but I just think that's just being wise with your money I'm not you know spending it like it's nothing but I think that's a good thing to do even if you make a lot of money so I am really blessed to say that I have able to pay for everything that I need God has truly provided for me in a way where I can pay off my bills my car everything and so this is just a breakdown of what I am currently doing right now five percent goes to bills which is cell phone bill car insurance 10% goes to tithing and I believe that everything that I have belongs to God and so I happily give 10% to church knowing that this is just a thank you to God even though really he deserves all of it 13 percent goes to my credit card and my student loans so this year I actually don't have to pay that much for my student loans based on how much I make and so I also have some credit card debt due to family reasons so I've just been paying it off slowly but surely and this year I should be done for credit cards not student loans student loans is a different story 25 percent goes into my savings this year I'm trying really hard to put in as much as I can so sometimes it might be more than 25 percent but for the most part that's like the standard that I keep for myself that every month I put in 25 percent of my income into my savings so that I can save for a wedding or a house or whatever I might need in the future or for emergencies and the biggest one is 27 percent goes to my rent which actually isn't that much I think the average people spend is 30 to 40 percent and so I have two other permanent mates I have my own room but I share a bathroom and that's just kind of the living situation I've chosen to be in so I can save more money maybe next year when I can pay off all my credit card life somewhere else maybe by myself but for now I'm okay with the situation and I'm choosing to live a minimalistic lifestyle so that leaves me with 20% for gas food and fun so whether I go to Disneyland or I go out with my friends or treat people that all comes from like 20% and I also babysit so that's not very consistent but it's like my side job and so whatever I make extra I'll stick more into my savings but just for my teaching salary alone that's pretty much the breakdown of how I survive as a teacher if you type in your school district and then type teaching salary schedule it should show you the breakdown of what a first-year teacher in second year 30 or 40 or 50 or so on and so forth how much they make and public schools are required to post that on their websites private schools not so much so I don't plan on changing my car or anytime soon and I paid it off and so that really helps alleviate some of the burden I had on paint on my bills and so I think remembering that it's way better to live without that and to not have so many payments is so freeing and so I really encourage you to we don't treat yourself but also be wise with your money if you like what you see please like and subscribe and I'll see you later

Expat Life in Dominican Republic | ExpatsEverywhere

**Expat Life in Dominican Republic | ExpatsEverywhere**



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ExpatsEverywhere talks to Mills about what it’s like living and working as an expat in Dominican Republic. She talks about what jobs are available for expats, how much money you can expect to make, how to meet people, safety, what to pack, health care, and more. Check out her answers to see if you could live there.

Mills also has her own YouTube channel. Find her at Mills Around.

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