ACCOUNTANT EXPLAINS: How I manage my money on payday: Income, Expenses & Savings | Onlyinvesting.info



From this video: Free Intentional Spending Tracker – Click File and Make a copy to use for yourself –

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00:00 – Overview
01:23 – Define the 3F’s
04:49 – Month at a glance (the breakdown)
10:03 – Reflections

DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!

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26 thoughts on “ACCOUNTANT EXPLAINS: How I manage my money on payday: Income, Expenses & Savings | Onlyinvesting.info”
  1. This is very good! The only issue I see that tracking expenses on excel can be tedious arrived at a certain point. I have fund a great app, I'm going to send it to you so you can do a video about it. I'm surely thinking about doing one 😀

  2. Oh my gosh!!! I have a “budget to actual” excel file that I started when I was in college over 2 decades ago. It has made it through countless computer crashes and life changes. I showed it to my husband when we were dating and he laughed and said I was being way too organized about it. But now, if we ever want to do something like buy a car or whatever it is that would change our budget, he asks me if I have an updated budget we can look at….i always have it on the ready. I am an accountant also so I guess it’s just part of how my mind works hahaha! 😊

  3. Not sure how often you read these comments. However, I wondered if there is a platform/app that pulls in your transactions from your banks & credit cards, for you to then just categorize. Kind of like how QBO does for small businesses; there's a way to connect banks to QBO and transactions are pulled/synced daily, so all one has to do is categorize into buckets. That would be great for personal tracking of daily.

  4. I like your stuff cause you speak about conecpts that matches so much waht I have learned with life and personal experience and lines of thoughts… can people can find it here easily. Underrated youtuber fosho

  5. Hi Nischa, I saw 1 of your videos for the first time about 2 months ago and love what you’re doing! Thank You! May I ask a you in trying to pay off debt is it smart to take a loan from 401K with 3% interest rate or to just withdraw and pay tax penalty can u please help me… Thanking you in advance for your assistance. Donna G

  6. I always find these tools tricky to fill in when it comes to annual bills (and its part way through the year and next tear will be more expensive) or council tax which is over 10 months and 1 or the payments is different.

  7. Wouldn't it be also interesting to be able to see in the Tracker a balance of the year? as a self employed (I'm a musician) there are some months in which I barely earn anything and some that I can earn enough to save to keep me alive during the hard times. That makes a little bit more complex to track everything down I guess… Any advice? I love your content it is really eye opening for me. Thanks.

  8. Thank you for sharing this tracker! We've been tracking for years with Empower but I've never found a system for month to month budgeting that feels useful–this is awesome! Just a note that you mention how to add back in your pension then deduct it under Future You, but that's not one of the categories in the template download. I figured it out by re-watching, but just thought I'd mention. 🙂

  9. Nischa, I recently came across your Channel. I started using this, it’s so helpful! Is there a way to add a lump sum spend into the tracker from what you have already saved? e.g. paying off a years car insurance in one go without it affecting your monthly income spends percentage? As there are things I prefer to save up for and pay off in one go for that year rather than pay monthly as that adds interest? Thanks for all your amazing tips & insight! 👋🏼🇬🇧

  10. @nishca. Like any business cash flow for the family budget is the "most" important aspect that always seems to be overlooked by budgeting calculators….add a date of anticipated expenditure to the spreadsheet and see when you (or hopefully don't) dip into the red….

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