Can you do this but in other incomes? 2k, 3k, 4K, etc… maybe use percentages for all the categories. 25% housing….

@BrokeToBlessed

Жыл бұрын

*cries in $1100* 😅😂

@terminaterjohn

Жыл бұрын

agreed

@amyhood6562

Жыл бұрын

That would be great idea. This is a good video but it would be interesting to see something closer to the average income.

@reaper-sz5tm

Жыл бұрын

I’ll give you one right now. 25% housing, other 25% is your food, gas, groceries and utilities. 20% entertainment, 15% 401k, 15% emergency savings

@edwinroyal9734

11 ай бұрын

​@reaper-sz5tm insurance adds up quick too!

Everyone is complaining but… I actually prefer Rachel’s budget over Dave’s extreme. People, this is still a tight budget. 50 dollar a month eating out isn’t going to break their budget (unlike many people spending 500-1k) it gives the person a tiny bit of leeway for once or a few times a month to grab food in case of something happening. I think this is a realistic tight budget. Good job Rachel!

@terricox3559

2 ай бұрын

I cannot fathom 500-1k a month eating out. The culture here is extremely different. You go out to eat on a weekend or a birthday once, twice a week tops, often a lot less. I'm always amazed how much Americans eat out

That couple had a TON of extra money flying out the door they needed to tighten up.

Loved this. Would love to see more of these done. It would benefit those learning how to budget, how to use Every Dollar, and to improve on their current budgets. Thanks ❤

Thank you so much for sharing this Rachel. I'm a visual learner and this helps take the stress out of breaking it down. Please do this monthly with random "pop up" expenses and what that looks like.

This is great, would love to see this video becoming a full on series !

I love this real life budget!!! I would love to see more with varying incomes, debts, goals, retirement positions, etc. Love it!

Really like a series for real life budgetting as you go through the steps.

IMO, Rachel is the most balanced & realistic of the Ramsey personalities. Unlike Dave, she shows some flexibility while sticking to the overall principles of the Ramsey plan. One example is the "Chick-fil-A" run of $50. Dave would have never supported that. As a result, I think this couple will be more successful under Rachel's coaching vs Dave's. If the plan is too rigid & unrealistic, people will lose interest in the plan and fail.

@hectorkjv_1611

11 ай бұрын

I don't think Dave is against eating out every once in a while. Envelope fun money lol.

@KatieBellino

11 ай бұрын

Exactly. If you are $20-30k in debt (or more), it's unrealistic to have no social life for 2-3 years.

This was awesome! It was great to see the baby steps process out of order. Please continue this segment. Would love to see this process with older adults on a fixed income.

I am surprised Rachel kept the allocation for savings toward their vacation to the Holy Land. With being in Baby Step 2 and supposedly being gazelle intense, I would have eliminated that savings since a vacation is a luxury, not a necessity.

@lydiasmith552

Жыл бұрын

Agree. Dave would have cut the eating out & the trip in baby step 2. Interesting to see she doesn’t follow?

@stosh6586

Жыл бұрын

@@lydiasmith552 Lydia, good point about cutting out restaurants entirely. The $50 Rachel kept in the budget for eating out should have gone toward the debt!

@Mtripp27

Жыл бұрын

She probably considers it donating to the church.

@euniceyacobaa.8626

Жыл бұрын

🤔Could it because they’ve achieved Baby Steps 1,5,6 already.

@sharonc316

Жыл бұрын

They probably have already signed up for the trip and the group going really depends on all committing to the trip. The Holy Land trips usually take a year of planning ahead with your church group.

This is the best video!! I’d love to see these a couple times a month with all different baby steps and incomes.

Hi Rachel! I love your channel and SMHH! I’d love to see you do more of these with more debt or less income, etc. Fantastic video!

Great video Rachel! I would love to see more of these.

Thanks Rachel, This is a great video. Every Dollar has been the most incredible game changer for me; been using it for several years now.

This did not feel like a baby steps budget. Shouldn't be taking a trip overseas while still in debt. (I wouldn't consider that trip "giving.") Adding $25 to the emergency fund isn't necessary if they already have $1000. And leaving money in for restaurants? Since when is that recommended? Dave should come in and critique Rachel's critique.

@lydiasmith552

Жыл бұрын

Agree. Dave would have cut out these items. Why isn’t she following?!

@flyinggeckos123

Жыл бұрын

That’s just not very realistic. $25 a month is not going to make or break the goals here, considering their income.

@brookecarrillo3432

Жыл бұрын

@@flyinggeckos123but it’s the 25 dollars here and there that DO break the budget. Those things add up quickly and can sneak up on you.

@lydiasmith552

Жыл бұрын

Exactly. It’s being “Dave-ish” 😂

@brookecarrillo3432

Жыл бұрын

@@lydiasmith552 YES!!!!!

This was SO SO SO helpful a) to see everydollar in action b) to see you cutting things that maybe others wouldn't like lawncare or house keeping VERY VERY helpful ❤❤❤

@annbarrios764

Жыл бұрын

Keep posting different budgets very helpful.

@Red_1976

22 күн бұрын

People on a real budget can’t afford lawn care or housekeeping - to them this is a real luxury! 7K is an amazing income. Try a real figure if $3-3500 per month.

Awesome real world examples Rachel, please keep doing this!

Rachel, you need this every month please.

This was fun! Thanks Rachel!!

Most people make far less than that. People who are struggling usually make minim wage or not much above it.

@sabrinastroe1821

11 ай бұрын

as mentioned before: it's an avg salary per household (aka 2 people/family), it's not that crazy.

Don't worry "Never see the inside of a restaurant" is when the drive-thru comes in REAL handy...

@donnahampton3632

Жыл бұрын

Loop hole! Haha!

@elsaromero4743

7 ай бұрын

Yessss!!! 😂haha finding those loop holes 🤣

@Melanierose.821

4 ай бұрын

Just keep looking forward

Love this! Please do this more often!!!!

MORE BUDGET REVIEW PLS!!! Love seeing real examples!!

This is a fun series!!! Do more of these !!

Are you kidding me? I would have a wonderful time budgeting 7 grand a month. I would be able to do and help so many people. Wow.

@Pickedpurposely

Жыл бұрын

Exactly lol After taxes have about $3700 a month

@gilligan1350

Жыл бұрын

​@@Pickedpurposelytwo people exactly like you getting married is how people get to $7k. It's not as unrealistic as it seems.

@sabrinastroe1821

11 ай бұрын

@@gilligan1350 exactly! i think people get too personal on the fact that they think this is one person salary/income

I love this. I like that you showed the every dollar on a lap top. I’ve only tried it on my phone and didn’t care for it. But this I liked.

Please do more of these!

This was sooo helpful!! More of these please :)

Some people really need you! thank you for sharing

Loved this! Please do more!

This is pretty much my budget! Thank you for sharing! ❤

I love this idea and would love to see this every month!

Love this! So helpful ❤ thank you!

Do 2500/mo please

I want to see Dave do one of these videos 😂

Love this. Thank you for sharing. I would love to see you create a budget with no debt included; savings towards 401k, retirement, buying a home, etc..

I love this series!!!

I really liked this Rachel!

Please do more of these!!!❤

More of these please!

Appreciate the $0 budget example using the app, everyone's situation will be different and look forward (hopefully) to other types of budget situations. I like the "what if" senarios and how you went back and adjusted for the $100 "buffer". This is realistic with a $7k income... I'm sure there are other challenging income situations but, the budget will show if a side hustles and selling stuff for extra income is required to meet your monthly money goals.

This was terrific!

I would love to see these at different income levels!!

I love that you showed the Every Dollar budget for those of us that are visual

Great video. Would love to see more content with lower income values. Social security, retirement, fixed or irregular income examples. :)

I’ve been keeping a budget and working the baby steps since 2019 but next month will be our first month without a paycheck for my husband (who brings in the majority of our income). He is 100% commission and I’ve set aside a chunk of his last paycheck to hold us over a couple of months, but it’s still scary! We’re in BS3 and I feel like we’ll be here forever between the hike in our homeowners insurance (we live in South LA and been affected greatly due to recent storms), my son’s special needs (we have been unsuccessful in finding a summer camp for him the past few summers so we have to pay someone to watch him), hurricane repairs and building up a sinking fund for our deductible now that it’s so high, etc. We also bought a car in cash in October when my husband switched to this 100% commission job since his previous job came with a work vehicle. We’ll get there one day but wish I could feel like we’re making progress other than temporary progress which gets depleted without a paycheck or with hurricane damage, etc.

Yes, next time do someone who is struggling like 2-3k

Love this type of video. Could you please do more for every type of situation, including for those past baby step 2? It’s a helpful visual and applicable to real life. But I’m confused why eating out, a trip, and savings for emergency fund are included? Dave would cut all in baby step 2…….

Yes do this monthly, please! 🩷

This is really cool to see the hard numbers

I welcome all ideas. Thank you.

Yes I would love for you to show us a variety of income examples. Also, a great show idea is to show us how to live on less than you make. For example, if your income is $75k, how can you live on 50k?

Awesome budget example Rachel.

Very helpful. If your do this again will you explain each line item as you go instead of I’m going to take this and not being specific

Such a down to earth personality, love to see baby steps out of order. What is the app used?

This was great!!!

Rachel this was helpful but could you do a video on how to record money going in and out of your budget. When you pay a bill how do you record that money going out

It would be interesting to see how you budget for a single retiree with a fixed income of $2000 from Social Security and pension, no savings or investments, and no debt.

@sharonfleshman6961

11 ай бұрын

Rent/mortgage?

@jasonbornne7767

11 ай бұрын

@@sharonfleshman6961I’m assuming they would own their home outright and just be on the hook for taxes.

@jasonbornne7767

11 ай бұрын

$7000 budget and the house is paid off?

@ericl6386

9 ай бұрын

If you make 2k in the US in retirement you are better off moving to South America / Asia . Much better life with that kind of income

@sharonfleshman6961

9 ай бұрын

@@ericl6386 No family and a language barrier from most of the society? Nope.

Hi Rachel :) I hope we can also use the every dollar budget app here in the Philippines. Thanks for all your help.

I do mine on a spreadsheet. That app looks pretty neat though.

This is perfect.

Cool. More videos like this!

I LOVED this video! I would love for you to do my budget. I have $183k in debt (almost all student loans), and I'm currently making $3600 in take-home pay. Looking to increase my income, but in the meantime, any tips I can get about how to tweak my budget would be REALLY helpful!

@janelleg597

11 ай бұрын

There are already lots of vids about this. Good luck

@RachelCruze

11 ай бұрын

Hey @gryffinkat would love to help you with this. Could you post your email here? We can message you directly and get more of your budgeting details so that we could better serve you.

My only complaint with everydollar is there's no weekly or biweekly budgeting option

@Pickedpurposely

Жыл бұрын

Same ! That’s why we ended up still using our excel spreadsheet because we do a budget per check

@gryffinkat

Жыл бұрын

@@Pickedpurposely I'm seriously thinking of going back to this, as well. It's easier for me to consider what I am spending per paycheck (paid twice a month), rather than over the month.

@sadfasde3108

Жыл бұрын

Why is that a problem? Why not just use last months money?

@WAGSMadison

Жыл бұрын

Yes, agree. Paycheck planning is supposed to help with that but I haven't tried it yet.

They probably have electric vehicles. The high electric bill and $0 gas budget would make sense then.

Even if you take out pool cleaning and do it yourself, you still have to buy chemicals.

How do I submit to Rachel my budget on EveryDollar? Would love to find out what she would say about my budget.

2 thoughts - 1) $7000 a month is not a realistic figure for most people as many, including myself, live on much less money a month. 2) I tried to use the app but I have different banks that I switch the funds to along with two accounts at the same bank. The app kept thinking I had almost twice as much income than I did. It counted all deposits as income when they were transfers between accounts. It was so frustrating that they would not keep the accounts & separate the funds (like adding my emergency fund monies as if it was available funds. Uugghhhh!!)

@sophiaallen655

Жыл бұрын

Yup, I have the same issue with it thinking all my transfers are income. Or bringing money out of savings. 🫠

@tiffneyminor1878

11 ай бұрын

you can delete transactions.

@emilyschimek1526

11 ай бұрын

I just delete those transactions

@thehomeless_trucker

11 ай бұрын

100k isn't a crazy high income anymore, and 1/3 of US households make that much or more annually. It's just a solid income. I don't use every dollar, so I agree it's not good. Ynab made me realise I only need a single bank account.

@jeffmorse5599

11 ай бұрын

7k is certainly very realistic for a lot of americans. TBH in any HCOL or edium to HCOL thats the bare minimum for a normal household income.

Car payment is paid 2x, under Transportation and the debt category, technically have another $499 to put towards the snowball debt.

@zk0989

Жыл бұрын

One is probably financed

I could watch an entire series on this. It might be better to have the person with you though so they can get on board with the plan

Cool video!!

The budget had the car lease listed twice. There is an extra $400 to throw at their debt.

@ashleyharlow9948

Жыл бұрын

I caught that too!

@ceciliajohnson6593

11 ай бұрын

Me too!

@itsallperfectlynormal9805

Ай бұрын

Unless there are 2 cars?

Would love to see these with the same income at different steps. Like $7k income budgets if in bs1,2,3; or bs4,5,6; bs3b; or bs 7

I use every dollar. The free version. So much easier then using a spreadsheet.

Do 10k please!!

lol love how she was generous with a fast food run

Did I see a car lease? If so, is there someway that they can return the car and get a cheap car with no payment?

Could the music throughout the video be cut so its easier to pay attention.

you didn't mention getting a review on insurance for potential savings... are you assuming they have already had like energy audits for lower utilities etc?

@gryffinkat

Жыл бұрын

What I don't get is why they had no auto insurance payment???

I make 934 a month on disability payments. My rent is 270 a month. I have 3455 in total debt. For everything else I have to have monthly is 200. How would you suggest to budget this ??

LOved this!! Do mine!!!!

What’s your monthly budget Rachel? Would you divulge it ? Are you comfortable?

@endofquoterepeattheline7516

Жыл бұрын

Lol

WTH, get rid of the pool, car, and do your own housework. Boom, $1,000 saved per month.

I like strict budgeting and agree with budgeting and avoiding consumer debt. I like Rachel. I noticed this budget was $7,200 income and of that $140 is being given to the church. With the tithe being traditionally 10%, that would be $720 for a tithe. Does the Ramsey debt snowball allow for reducing the tithe below 10% of take home pay to provide more money for the snowball?

@joshuasutton7451

11 ай бұрын

They don't teach that, no. They do, however, tell people not to give much over 10% until they're past BS3

My husband and I have health conditions where we eat healthy, fresh and frozen. And have higher expenses for medical like item. We make ~$5,500 and have a mortgage. Budgeting is a bit trickier for us… but we also went through bankruptcy to get ride of credit cards so the amount of debt we need to pay off is wayyyy less now.

i love how rachel is so non-judgemental.

That Home owners insurance of $675 has got to be the annual amount. So monthly that’s only $60 .

@Katlife246

Жыл бұрын

@supafly1906 unfortunately maybe not. Our homeowners insurance just went up over double what it was. Our annual now is $5500

@Supafly1906

Жыл бұрын

@katycarmack-7642 you could right. They could live in a flood zone or just live in a ridiculously low property tax area. I was going off of the property tax. For them to pay less than 6k a year in PT I assume the house isn't big and shouldn't cost that much to replace. But that's all just an assumption.

@donna3302

11 ай бұрын

@@Supafly1906hat can be the monthly cost. Mine is just a bit over that 😢Home insurance prices have been going up like crazy in the last couple of years.

Great video. Budget critique: A vacation shouldn’t be in the giving category just because it’s a vacation in Israel 🤣

@personperson9635

11 ай бұрын

Amen! 😁

Is there a reason to first pay off the lowest debt instead of first paying of the highest interest debt? (The only benefit I can imagine is psychology)

@LalaLauren8474

6 күн бұрын

Psychologically it’s more motivating but it would save money on interest to pay the highest. I’m currently paying off debt and I am prioritizing credit cards first and then personal loans from lowest balance to highest to keep up the motivation.

Do one for a $2500 budget

Yo, my wife and I spend $1k/month on groceries. We are active so we eat all we have. How are people doing $450-$650 on groceries??

Can you please do a low income example? Around 2k 😊

How will they have time for a side hustle is they are learning how to clean the pool and maintain the lawn. Time is more valuable than money.

@pamelalima5401

Жыл бұрын

I agree nothing can pay for my time

They have 8 Credit Cards and they're leasing a car? I'd cut those credit cards up and get out of that lease. No bueno.

What about taxes?

We make about $4k a month and family of 4 groceries(not including toiletries) is approximately $400-600 depending on the month

@janelleg597

11 ай бұрын

?1? Just me and hubby need $600/mo. Nothing fancy either

My thing is.. does age not factor in? Are they capable of doing lawn maintenance?

I like this new video idea! But I don’t know Rachel, I feel like you are giving too many fantasy budget numbers. The sacrifice is real, as you mentioned, but I find it hard to expect both parents, who have kids, to find a side hustle of $500/mo each after you just took out a lot of their free time which is now spent cooking, cleaning, and yard work. I do all my own yard work, it is never $0. At least put $20/mo to round out for fertilizer etc required throughout the year (especially if they have an HOA to keep happy). I’d be curious to know a few more unique facts about the family, like, what industry they work in or if they have major health problems they are working around.

Most homes have two incomes. Average salary in US is around 50k.