“hi there welcome to my budget with me
video for October as you know what this
channel is all about personal finance
investing and success main set one of
the videos I love to share with you
every single month is our actual
real-life household budget so what I
like to do is I show you the main bills
that we have paying so you can compare
them to perhaps where you’re in living
but also so you get the idea of the kind
of cost that we’re experiencing up here
in Glasgow as an example so if you fall
on my channel before you all know I fold
the money stacks method for our money
that basically means we have six buckets
for our money every single month the
start of the month there’s a zero based
budget every single pound is actually
accounted for and I send it to six
particular places we’ve got financial
freedom we’ve got education we’ve got
fun money
we’ve got giving we’ve got long term
savings so there’s lots of different
ways that we actually use our money I
find this method it’s fantastic for our
family it allows us to design life to
work on long term goals but also have
the fun element to life as well after
all it’s not how much you earn it’s what
you do with it Keynes so if you’re brand
new to do it be sure to hit subscribe so
you never miss any of my videos and you
can also hit that bail notification that
lets your bail means that when I applaud
you usually twice a week it me woman
then you all know as soon as it’s
available
[Music]
hi Leah welcome back to my Channel today
my name is Jennifer from Mama forever
calm I make videos about personal
finance investing and success amazing in
the UK my goal is to help you achieve a
time and financial freedom
we do that through using our money
smarter thinking about the goals that
matter to us ultimately you will
probably have different desires and
goals for your money than I will at
least give you the tools that allow you
to get there so you’re going to see a
couple of things in this video I’m going
to tell you to the computer and I’m
going to show you the autopilot money
spreadsheet system disparity system I
created a couple of different sheets in
the analogy to budget allows you to also
pay off day if that’s something that you
have to factor as well as you to create
sinking funds so those are little ports
of money perhaps sort of Christmas
holidays that you’re always topping up
every time you get paid and it also
allows you to work on those long term
financial goals even shows you how to
market your financial freedom exact
amount of money that you need
investments and savings to basically
live financially free so the first thing
we’ll do is we’ll straight to the
computer I’m going to talk you through
our budget talk you through the changes
in our budget and then I’m gonna share
with you something I think you’ll be
really useful if you’re thinking about
the C word that I’m talking about
Christmas if you’re thinking about
purchases in the next couple of months
I’m going to show you a tool and I think
will be really useful to you I think
you’re gonna enjoy so let’s go straight
to the computer and talk about our
budget so have you been following my
budget with me videos for a number of
months now you all know that actually we
changed our life probably I think it’s a
bit March or April time we’re doing
things differently my husband is
studying further education and
essentially we’re living off my
full-time wage which I work in IT
industry also my say tussles this
YouTube channel which I love my blog and
so we are doing things a little bit
differently our income actually dropped
by about 49 50 percent as a result
however this is the power of actually
budgeting we’re making sure of course
that the money that we have is being
used efficiently but also to bring join
there’s obviously been the change in the
household that we’re really enjoying
right now but that has to be reflected
on our budget
essentially you simply cannot spend more
than the air the maths is not in your
favorite if you want time and financial
freedom and so we have to make sure our
budget works for those goals so right
here is my autopilot money
system so this particular
speech as you can see is broken down
into your key bells and also there’s
things like food and picture you’ve got
gym memberships there’s a whole horse of
different things you can actually have
unless one budgeting sheet so I’ve
removed how much my household total
income is it doesn’t simply matter I
want to show you the bills we’re pink so
you can have a comparison perhaps your
own situation now these are not the
ideal amounts to pay for anything I’m
not suggesting that in any way these are
just they mates that we’re paying at the
moment we’ve got other costs I’m not
breaking down absolute everything that
we spend in their household but this
gives you a really good idea
or they can of course that we actually
you know the mortgage payment actually
within my spreadsheet I include my team
percent rule so that means ten percent
extra on the monthly amount we
automatically do as a direct debit to
our mortgage this is actually taking our
25 year mortgage time from 25 years to
22 years with just basically the price
of a couple of teeth weeks every month
so as you can see our mortgage is just
about the six hundred and seventy pay
mark we’re actually coming out of our
fix period this month so we’re gonna be
certainly looking at the best deals I’m
also the best options were there we will
for two years three years or five use
that we maintain if we can get one to
value ratio down the next thing is we
have council tax obviously now in
Scotland and Glasgow where I live we
don’t have separate water bills so it’s
one fee 207 pounds for ten months there
the great thing if you’ve been watching
my videos as well you may have seen
actually this is one year we are saving
a lot of money this month in particular
so her gas and electricity was going to
actually go up 247 pounds
crazy amount and as a result of some of
the great comments that you had left min
past couple months we’ve actually
managed to secure a better deal using
bulb if you’ve never had a bulb of
course go and check them out because we
are saving such a lot of money with them
as I seen nearly a third of our bill has
dropped off with one single switchover a
great thing is they’re actually paying
or disconnection fees from our old
supplier so again that’s money in our
account another benefits because I use
somebody else’s refer-a-friend link to
them we’ve also got 50 panes in their
own account so if you have fancy
checking them out using my refer a
friend where you get 50 panes on your
bulb accounts order I I’ll leave that
below that is of course other providers
out there but this one just really saved
us a lot of money so we live in new
builds and we have a
there’s bail as you know so that’s
roughly 13 pounds a month we cannot
negotiate that as a set fee every single
month it’s included in the budget so a
couple of things I want to show you in
particular on our budget now we have no
car payments we also have no yearly
bills such as car insurance or car tax
we simply don’t pay monthly for them
we choose to save up a sinking fund and
pay off in fuel we’re saving probably 10
to 15 percent at least by doing that I
have a video actually recently about how
we saved thousands of our budget go and
check over everything why you should be
really trying to pay yearly particularly
if you’re looking to cut your course but
also keep more money in your pockets now
we have our bank account fee of 15
pounds now this is I actually watching
our favorite a lot so we were recently
on holiday as a family and we actually
ended up damaging my husband’s phone
that 15 pound fee that we have been
paying for a couple years now includes
mobile phone insurance includes a
holiday travel insurance a lot of things
including the AE coverage so it’s a
great deal when we compared to how much
these will of course separately and this
month we’ve actually been able to use
that really simply so sometimes the
deals that the banks give you of course
don’t automatic seen or have a look
around and could you actually beat their
monthly fee a few other things on our
monthly outgoings you’ll see we’ve got
sky we only have a sky for the internet
we don’t pay for the TV we actually
don’t have unlicensed either because you
only use Netflix and Amazon no live TV
we’ve actually got a good healthy food
budget of about three hundred and sixty
pounds as you can see and also picked
your budget so because my husband isn’t
travelling to his job every single day
that has meant a huge drop in paper over
the couple months and I’m actually
hoping in this month in October in
particular we’re going to focus on more
vegetating vegan options with our family
I’m really excited to do this I actually
think I’m a document how we get on and
how much money we end up receiving so
that money of three hundred and sixty
pounds I actually think is probably
overkill this month really want to see
if moving to that vegetarian vegan diet
even just short term can have health
benefits for our family so the final
section of the spreadsheet I’ve actually
removed some of those categories where
it shows you the percentage again I
don’t want to show you actually how much
we earn for you today money it’s not
about how much you earn it’s what you do
with it so in your auto pilot money
spreadsheet if you fancy getting this
from my Etsy store
the link is always below so you can
always see if you’re actually in profit
or if you’re in deficit every single
month this is a zero based budget that
means every single pound is allocated
for is realistic I’ve usually got a
buffer as well in our bills account to
make sure if anything changes randomly
so as I would see this span she really
has changed our financial life so you
can actually use a spreadsheet as well
to pay off debt as I mentioned there’s a
really easy spreadsheet part to fill it
with in the tabs and actually works a
for you if it’s better to use snowball
or avalanche and I should tell you in
the next couple of tabs or exactly how
much money to pay each day so if you’re
struggling right now or you think in the
future you could be I really hope this
would help you a lot so let me share
with you our money stacks for October so
this is what I love to do to tell you
the percentages to show you what you can
achieve when you’re sending out your
money in different directions I have a
video that explains the money stack
method in complete detail the link is
always below and on my videos go in
check it out if you’re looking for a
method that isn’t solely focused on
paying off debt or working on goals it
covers you for everything I really
believe in this method so the first
thing you will see are essential stack
which is basically our bills and our
food and pay actual is 56 percent of our
total household income if I took out
food in petrol this amount would
actually closer to 39% so that’s why the
food budget picture really I’ve got some
wiggle room there I’d love to have that
value down to 50% obviously we’re trying
to do a bit differently with their food
so maybe November you will see that drop
financial freedom pot is always ten
percent it’s an absolute no-brainer for
me that means that 10 percent of our
household income start of the month go
straight to our investment Isis we
invest and index funds or lots of ideas
on this channel to talk you through that
if you want to do the same basically an
investment I can’t allow you to sieve
tax-free that means when you put money
in its pause tags to withdrawal you
don’t pay tax or capital gains the next
acts are long-term savings are fun money
and education money are all that 10% to
are giving funds when we give to causes
that we believe in every month that’s 4%
in the moment I really want to see that
increase so when I’m going to decrease
our essential budget perhaps with our
food and our picture I want to see if I
can get that closer to five six even 10%
ideally so this is exciting I wanted to
share with you in the past month in
September
I actually gave myself a 37% pre-tax pay
rise through my site hustles so I’m
really so proud you can see that amount
is going up every single month I love
YouTube I know that a lot of you really
enjoy my videos so I encourage you if
you’re thinking about a little bit of
something you could do on the same try
it if I can do it absolutely anyone can
my hope is one day that amount is going
to be really quite significant indeed
however at this moment in time it
doesn’t matter it’s contributing to our
house if anything I wanted to talk about
is financial freedom with our pension
contributions so I paid my patient
pre-tax and that comes out on my
employer wage so I never actually see
that money leave my pocket the great
thing is my employer actually puts in
ten percent I put in five percent goes
out the door don’t even have to think
about it so if you’ve got employer
contributions in any way if you work for
someone who has a scheme with a pension
really if you can’t afford to max out
their contributions in summary it’s
basically free money they’re giving you
that you’re not having to air because
they’re getting benefits of not paying
you but not having to pay called
creation tax they want to give you that
money back and usually your national
insurance contributions as well so again
I mentioned the see where to start
Christmas right now I’m of course
looking for the base deals to help us
with our Christmas spending we have a
sinking fund that I’m working towards as
part of our goals so that Christmas does
not have to be in Dayton Amy I actually
find this really smart comparison tool
it’s called ideal or they came they
actually wanted to sponsor this video so
to make sure you got the information to
and then particularly for Christmas our
two little boys are thinking about some
legal toys so here’s the great thing
about this say you simply search there’s
even a price alert button I’m going to
show you right now how ID law actually
works because of this price and there is
so fantastic I think it’s really going
to save you a lot of money especially if
you’re wanting Christmas to not put a
financial struggle on yourselves
so basically I’ve come to ideal which is
ideal cool dat youth key and you search
for anything you like so at the moment
Archer obsessed with Batman legal so I
want to just answer that in right there
and then we actually find BAM that’s the
one they wanted the what Batman are
battling and Riddler I see so this one
is super easy what you would do you can
favorite it if you want it to be in your
favorites pale
to just be watching in general but
because it’s a price comparison tool you
click on this
no te straight to the pace comparison
will tell you how much you’ll actually
cost you the cheapest place to find it
so of course there’s some great toggles
here as well you cannot with delivery
charges which we can change to something
that’s hidden fees you can have if you
want it immediately and then of course
you would just go go to shop and as I
said if a price was just a little bit
out of your range you can actually hit
this button if their price alert button
so for example I would really like to
pay a closer to 35 pounds for this toy
I’ve got two together I actually say
that I’m out there with delivering
course you can toggle here to have
delivery cost so that’s your total price
paid you sell enter your email address
and hit C and the great thing is ideal
will email you the moment that your
target price is met by a reseller it’s
something that’s so easy to actually
make a huge difference in your budget
when you know you’re wanting to be
spending money on absolutely items that
people are going to love so we don’t
only have toys there is tons within all
their categories you can go and check I
really love this comparison tool for
saving us a lot of money best year so
thank you so much for watching today
there’s a budget review video is one of
my favorites to share with you it’s
really exciting to share with you and my
percentages go up per day I just like
you to feel part of this process we are
a normal family up here in Glasgow I’ve
got two small boys two cats one husband
if I can do it anyone can
and hopefully in this channel I’ll you
two have the knowledge and the resources
that really can make a difference in
your financial life remember of course
tons of resources on my Mafra AFRICOM I
have my vlog there I’ve also got my book
the master money blueprint if you want
the principles that I use to master our
money I also have the spare cheats as
I’ve mentioned before I’m an Etsy store
and I also have a budgeting course this
has been really popular recently I know
a lot people are excited but getting
their finances in order especially for
Christmas ahead so go and check it out
hopefully it will really help you so as
always be sure to leave me a comment if
you’ve got any video suggestions love
reading your comments how are you doing
with your budget but tailor how you
working toward your sinking funds for
Christmas or big events let me know how
you’re getting on if you use the money
stacks method – I’d love to hear your
comment there what you think about it
have you tweaked it slightly so thank
you so much for watching I’ll see you
very soon
“
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