In today’s video I’m sharing with you exactly HOW I budget and WHY I budget. Budgeting is the number one way that I stay mindful with my spending, and how I’ve been able to work towards my financial goals like paying off debt, saving and investing without necessarily cutting out the things that I enjoy everyday.
Learn more about investing with a little help from TD
I’ll be sharing how I budget the after-tax money from my 9-5 job, where I work 4 days a week currently. For simplicity, I haven’t included my side hustle income such as YouTube and social media. If you want another video talking about how I make extra income online, give this video a like a let me know in the comments below.
Some budgeting tools to try:
every dollar (free & paid)
ynab (paid)
personal cash flow calculator (free)
mint (free)
oops (free)
spreadsheet in video (free)
✨jewelry is always Mejuri
📸 Instagram
📱 TikTok
🍃 My Website
🛍 Low Buy Beauties Shopping Support Group
💸 The Budgeting App I Use
👗 FREE Wardrobe Tracking Spreadsheet
For business inquires, contact: sarah.smyth@platformmedia.ca
Codes & Discounts (if you want to)🤘🏻
🍃ORGANIC BASICS – use code OBXSTYLE to save off 10% off your order
👜SAMARA – cruelty-free minimalist bags & accessories (female-owned, from Toronto) get 10% off your first order with code CHRISTINA10
🌸 MINORI – cruelty-free minimalist makeup (female owned, from Montreal) – use code CHRISTINA15 to save 15%!
FTC: This video is sponsored by TD. Items marked * are gifted. Some links are affiliate. Affiliate links provide me with a small commission at no added cost to you, and helps support my channel! Any financial discussions on this channel are for entertainment purposes only; not financial advice.
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TFSA
Annual contribution limit for 2021 is $6,000. Annual contribution limit for 2019 and 2020 was $6,000 and from 2016 to 2018 was $5,500. Annual contribution limit for 2015 was $10,000. Annual contribution limit from 2013 to 2014 was $5,500. Annual contribution limit from 2009 to 2012 was $5,000. Annual TFSA contribution limit subject to change by the federal government.
RRSP
Subject to conditions and eligibility. Subject to conditions on the type of RRSP.
The RRSP contribution limit for the 2021 tax year is $27,830, or 18% of the earned income reported on your 2020 tax return — whichever is less. Any unused contribution room from previous years is also carried forward, so it could be more. Pension adjustments may also impact the contribution limit. You’ll find your current RRSP contribution limit in your latest Notice of Assessment or by contacting the Canada Revenue Agency (CRA).
Let me know if you want to see more budgets! I forgot to include clothing in this one 😅
Awesome video, just subscribed. People can be lost when it comes to money in general. I hope the last couple videos on my channel inspire people to look at money differently too!
Love this!…I’ve been doing my nails at home now for a couple years and I’m a real convert. Being able to relax in pjs and drink wine and catch up on YouTube while I do them is amazing. Can’t recommend it enough if you’re trying to be thrifty bc it’s sooo expensive getting them done
Left handed! Cool
i tend to lump my categories; food budget includes going out too (it forces frugality & a balance that favors what's bought at the store vs. restaurant) or gas also includes my lyft/public transport expenditures too. i wonder if lumped or individual categories saves more in the end…
Thank you for this video. Well explained. So helpful. 👌🏽
really helpfull! Thank u so much! only thing missing for me personally was how to deal with half a year or once a year expanses and how to integrate them in the spreatsheet. So yes, pleaase more budgets!
another great video! Thanks for sharing 🙂
I have never budgeted…I don’t even know how….so great video….but I absolutely will not make exception for my skin care and derm tweeks
Loved it !!!!! So important to learn about money management. I would watch more of it.
Just starting to be more financially responsible. Those videos help wth it.That was very informative .thanks
I just love yhour videos Christina!! Thank you for being so transparent and honest about your budget & life growth. I've learned so much over time about balance, mindset, budgeting etc. from being able to witness your journery. I'd also be interested in learning more about why you like Smart Sheet & what benefits it/cloud use gives you & if you've tried other cloudbased platforms! Thank you, as always!
Loved this!❤
Thank you so much. Very useful one! Keep up the good work! I cannot wait for being free of debt!
Best budgeting advice I've ever heard: If you can't buy it twice, you can't afford it
Thanks for sharing
I calculated My Bills for The Month and I get paid Weekly. I divide what I "Owe" for The Month, by four, then I write in My Journal when a Bill is "Due". I also take a certain Amount and transfer to My "Other" Account so I can't touch it. I live in Canada. Then when certain Bills are due they are debited from My Account. I never use ABM (Automated Bank Machines), and when I shop I ask for The Receipt and I write what I wrote. I also do a Sheet where I determine what I spend in a Month, If I Spend more than I Make then I know I am in trouble but I do well.
This is so great!! Love your spreadsheet template, I’ll check it out 🙂
Thank you thhhannkk youu Gerry much you helped me more than what you ever could imagine at this moment 😆♥️♥️♥️♥️♥️♥️♥️
Do you have this spreadsheet available?
Is the $400 grocery just your portion or is that for you and your partner?
This video is honestly VERY helpful as I'm trying to basically cut out a lot of bad habits with the way I use and spend my money…. I'm planning to move out next year and share my first apartment with my best friend, and yet, the concept of budgeting has always made me feel overwhelmed and confused. Thank you for sharing this! 🙌
Thank you, I've been struggling with budgeting!
“ How much do you spend a month to live”
Yes.
Great video, thanks!
Yeah, budgeting is super fun…if you have enough money to cover everything 😔
Hi, do you have a link to a blank template of this budgeting spreadsheet? Thanks!
Thank you for this video and your videos at all. I love how comfortable it is to watch and listen to them unlike most of the entrepreneurs on YouTube just giving out advice and not necessarily act like it but you don’t make me feel like you’re better than me and as someone who struggles with their relationship with money – you make me feel much more motivated than all these other people because of your appearance and how emphatically you talk about it and that really helps me 💜