Budgeting Basics for Beginners

Every Dollar Counts

Budgeting Basics for Beginners  Struggling to manage your money? Living paycheck to paycheck? This is the video you can’t afford to skip.  Inside this beginner-friendly budgeting guide, I’ll show you how to take control of your money, stop overspending, and finally start saving — even if you’ve never budgeted before. No complicated math. No boring lectures. Just real, simple tips that actually work.  In this video, you’ll learn: ✅ What budgeting really is (and why it’s not scary) ✅ The easiest way to start managing your income ✅ Step-by-step how to build your first budget ✅ The most common budgeting mistakes to avoid ✅ Tools and apps that make budgeting super easy  Whether you’re a student, side hustler, or just trying to stop living broke — this video will help you start strong.  💬 Drop your budgeting goals in the comments! 👍 Like if this helped — and don’t forget to subscribe! Because remember — Every Dollar Counts.  #JamesWilliams #EveryDollarCounts #BudgetingBasics #EveryDollarCounts   #BudgetingBasics   #JamesWilliams   #MoneyTips   #PersonalFinance   #StopBeingBroke   #MoneyManagement   #Budgeting2025   #BeginnerFinance   #WealthBuilding

Transcript

00:00Tired of wondering where your money goes every month?

00:04Feel like you're working hard but still broke?

00:06You're not alone.

00:07But here's the truth.

00:08Rich or poor, the game changer is budgeting.

00:11And today, I'll show you the simple, beginner-friendly way to start.

00:15Let's break budgeting down into easy steps anyone can follow, even if you hate numbers.

00:20This is the video I wish I saw when I was broke.

00:23A budget is not a punishment.

00:25It's not about cutting out fun.

00:26It's just a plan.

00:27A plan for your money before you spend it.

00:30Think of it like a GPS for your paycheck.

00:33You tell your money where to go instead of wondering where it went.

00:36Every dollar needs a job.

00:38Some dollars go to bills, some to saving, some to fun.

00:41But none should go to waste.

00:43Here's what happens when you don't budget.

00:45You overspend.

00:46You fall into debt.

00:47You miss savings goals.

00:49And worst of all, you stress about money constantly.

00:52But when you do budget, you stay in control.

00:55You hit your financial goals faster.

00:56And you feel confident about the future.

00:59Not scared of it.

01:00So let's build your first budget together.

01:03Step 1.

01:03Know your income.

01:05Know exactly what you bring in.

01:07After taxes.

01:08Side hustle.

01:09Count it.

01:10Tips.

01:10Count those, too.

01:12Don't guess.

01:13Check your pay stubs or bank account.

01:15Be real with yourself.

01:17Step 2.

01:18Track your spending.

01:19Look at your last 30 days.

01:20Where is your money actually going?

01:23Rent.

01:23Food.

01:24Subscriptions.

01:25Coffee.

01:25Uber rides.

01:26Amazon orders.

01:27List it all.

01:28You need to see your spending truth before you can fix it.

01:31Now split your spending into three buckets.

01:34Essentials like rent.

01:35Food.

01:36Bills.

01:37Lifestyle.

01:38Fun stuff.

01:38Entertainment.

01:39Restaurants.

01:40And financial goals.

01:42Saving.

01:42Investing.

01:43Debt payments.

01:44From here, pick a budgeting style.

01:46You could try the 50-30-20 rule.

01:49Fit percent for needs.

01:50Third percent for wants.

01:52Twin percent for saving and debt.

01:53Or you could go with zero-based budgeting, where you assign every dollar a job until nothing's

01:59left unplanned.

02:00Or use the pay-yourself-first method, where savings gets pulled out before you spend anything

02:05else.

02:05There's no one right way.

02:06Just pick what feels doable.

02:09Common beginner mistakes?

02:10Forgetting irregular costs, like car repairs, gifts, or yearly fees.

02:15Not giving yourself room for fun.

02:17Being too strict leads to quitting.

02:19Quitting after one bad month.

02:21Progress, not perfection.

02:22And forgetting to cancel unused subscriptions.

02:25Check those now.

02:27What makes budgeting easier?

02:28Free tools like Mint, Google Sheets, or mobile budget apps.

02:31If you want more control, try YNAB or EveryDollar.

02:35You don't need fancy tools.

02:37Just a system that you'll stick to.

02:38Tips to make your budget last?

02:41Set realistic goals.

02:42Review weekly.

02:43Sunday night.

02:4410 minutes.

02:45Celebrate small wins.

02:46Like paying off a credit card or hitting your savings goal.

02:50Use cash envelopes if you overspend online.

02:52Or find a money buddy.

02:54Someone to stay accountable with.

02:56Here's an example of a simple beginner budget.

02:58You make $2,000 a month.

03:00Rent, $800.

03:01Groceries, $300.

03:03Transportation, $150.

03:06Fun, $150.

03:08Subscriptions, $50.

03:10Savings, $200.

03:13Debt repayment, $200.

03:15Buffer, $150.

03:17That's a working budget.

03:19It's not perfect, but it's a start.

03:21You can track it.

03:22You can tweak it.

03:23And most of all, you can grow from it.

03:26Budgeting isn't just for broke people.

03:28It's what helps people not stay broke.

03:31Even millionaires budget.

03:33They don't wing it.

03:34They plan it.

03:35So now it's your turn.

03:37Open your notes.

03:38Grab a pen.

03:39Make a plan for your next paycheck.

03:41Today.

03:42And if this helped, hit like, drop your budget goals in the comments, and subscribe for more.

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