6 principles of personal finance and budgeting

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👉 For my full 2023 Planner setup, my Morning Routine Master Video and my Productivity 101 Video (and other monthly exclusive releases), go to nebula.tv/videos/mariana-morn...
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Learning how to manage your personal finances and budgeting, independently of your specific financial situation, should definitely be one of your priorities this year; I mean, it should be one of your priorities your whole life, but if you haven't kickstarted the process yet, this year is as good a time as any to get more involved in the world of personal finance.
My Spreadsheet: docs.google.com/spreadsheets/...
General Resources:
‣ Ovalblog Financial Education: blog.ovalmoney.com/section/fi...
‣ Simple Budget Printable: files.consumerfinance.gov/f/d...
‣ Money Management Template: www.vertex42.com/ExcelTemplat...
‣ Notion Financial Tracker (paid): gumroad.com/l/TAosI
‣ Notion Personal Finance Template (free): www.notion.so/Personal-financ...
‣ Best Personal Finance books:time.com/nextadvisor/in-the-n...
‣ Best Personal Finance podcasts: www.businessinsider.com/perso...
‣ Mint: mint.intuit.com/
Everything about Debt:
‣ 25 Ways to Get Out of Debt in 2021: www.daveramsey.com/blog/ways-...
‣ 10 Ways to Get out of Debt: www.thebalance.com/start-gett...
‣ Escape the Debt Cycle: www.thebalance.com/get-out-of...
‣ Mortgages - a Beginner's Guide: www.moneyadviceservice.org.uk...
Video edited by: Mary Among Stories ([e-mail])
FTC: This video is sponsored by Brilliant.

[@Jzimmergren]

I quit tracking my expenses three years ago because I thought I didn’t need it anymore, that I had it under control. But girl was I wrong. I recently started again and I eat my money. Like, the amount I spend on food is ridiculous. Time to shape up! Thanks for this! 🙏🏻

[@wildfrugalfree1673]

So common we’ve had to guard against that too!

[@Bhasker7474]

I don’t think it’s necessary to track expenses of ur ‘Wants’ if you always only allocate X dollars towards it every month.

[@copspybot8293]

Same, I was using it too much when I ended tracking expenses using Toshl. I tracked from 2016 to 2018 I think. 2019 and 2020 I spent like crazy on good, going 20 times a month to the Prisma store (foods). Now I started with their Pro app and I am going to Prisma store at the max 6 times a month. I try to go shop once a week and my food budget is 120 a month.

[@danieljamal3709]

Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom

[@helenoliver4838]

In my opinion, venturing into a good investment is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting it. Nevertheless, investing can be difficult and risky doing it solely, For this reason, I advise seeking help from professionals(financial advisors). It’s not just watching videos and reading investment books the challenge is using them well.

[@dannyvera8475]

sincerely, I’m truly inspired by your words. I’m very interested in investing and I have got a good sum of money which I’m ready to put in with the right information. My biggest fear is losing my money on the wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.

[@helenoliver4838]

As an OAP with a lot of experience, I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made a lot of profits working with *PRISCILLA DIANE AIVAZIAN* a licensed financial adviser . It’s been a promising experience so far with her.

[@dannyvera8475]

Please, how do I connect with your financial planner?

[@helenoliver4838]

quickly do a web check where you can connect with her, and do your research with her full name mentioned

[@krzysszymanski4922]

2:10 - three goals: * emergency fund * budgeting/expanse tracking * getting rid of debt 2:35 - the emergency fund: keep it stocked! 3:35 - expanse tracking: be mindful & analyse your spending habits. * ask mindful questions about your spending 5:50 - budgeting rules of thumb * prioritize spending * big bill prevention 8:30 - different account for different goals 9:30 - taxes and financial calendar 10:35 - regular finance housekeeping: personal finance is a chore

[@financialnutrition]

Agreed! Check out Financial Nutrition for more finance content!

[@Tofushoots]

Thank you!! She was droning on so much I was losing track of the information. Appreciate the timestamps.

[@krzysszymanski4922]

@@Tofushoots You're welcome!

[@YourThoughts.]

For more content like this one👇 m.kzbin.info/door/uvLLAJKA1t5FB6Fcy29xCw

[@Riggsnic_co]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[@TheJackCain-84]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

[@martingiavarini]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.

[@bob.weaver72]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@martingiavarini]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@bob.weaver72]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@dianaroberti872]

*Excellent video indeed . We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*

[@dianaroberti872]

In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely ,For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.

[@dylanjames922]

@@dianaroberti872 sincerely, I’m truly inspired by your words. I’m very interested in investing and I’ve a good sum of money which I’m ready put in with the right information. My biggest fear is loosing my money in a wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.

[@dianaroberti872]

@@dylanjames922 As an OAP with a lot of experiences,I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$200,000* working with *Donald Nathan Scott * a licensed *financial adviser* . It’s been a promising experience so far with him.

[@dylanjames922]

How do I get in touch with Mr Donald Nathan Scott if you don’t mind, so I can know how to go about it.

[@dianaroberti872]

@@dylanjames922 Easy peasy, *(Donald Nathan Scott )* quickly do a web check where you can connect with him, do your research with his full names mentioned

[@theforeignerinamerica1817]

Personal finances is an art. Requires discipline and patience. Practice makes perfect. The moment you realize you can save money and reproduce it, it motivates you to do it again and again. Don’t overthink it!! Just do it

[@site_is_down]

This is the wisest thing I have read so far and it's a big YES! Coming from an unorganized personal finances and shifting to finally have it organized will make it hard from the beginning, but once you have already turned it into a habit, there's no way you want to do it again but the organized one.

[@joerobert1801]

How most stocks can make you wealthy over the course of the next year alone with life-altering gains is really eye-opening. I invested some money in a few stocks, and while I still plan to actively trade equities, I anticipate seeing great outcomes soon.

[@noelstout3056]

@Zachary Owens This is excellent, but not all brokers can handle the large number of trades that day trading creates.

[@rahultoggi4672]

@@kelvinjohnson3906 traders have substantial losses along the way. I only stick to investing, trading is intense.

[@seanroger6954]

@@rahultoggi4672 A trading strategy and risk management are crucial because trading always entails risk. You simply need to always be aware of your actions.

[@begottivince6711]

If we are taught that $4000 invested monthly into the S&P 500 index (8% annual ROI) will grow to $2,350,000 after 20 years, $3,800,000 over 25 years and $5,600,000 after 30 years then we will have a lot less 20 year old making $35k and running to the Mercedes dealership to blow the money

[@ratledgefreda2923]

Wow, well we never have this well-detailed breakdown of how to build financial growth through stocks I grew up in an average home with both parents as workers

[@tamilgroope1690]

My parents too were government employees and rely on pensions, no planned savings or 401k but the change starts with me, how can one start investing without prior knowledge of stocks sir

[@begottivince6711]

I use the service of a fiduciary under a great broker, that is the most effective way I have known

[@tamilgroope1690]

@@begottivince6711 Can you connect me to the professional, thanks much

[@ferasiel425]

Stocks is a great investment and way to create multiple income sources from the proceeds, I have been in the market years now and I have made my fair share of wealth over and over

[@macmaresa]

This reminds me how lucky I am to already as a student have an emergency fund, my spendings tracked and no debt

[@nicoles5567]

That’s really good! Good luck to you! Try to not get into debt it sucks

[@Kelly-kx2xf]

So glad for you! Congrats!

[@macmaresa]

@@Kelly-kx2xf Thank you!

[@qine6559]

Well done! Wow!

[@wildfrugalfree1673]

Way ahead!

[@juls9710]

Being an accounting major has taught me a lot about money. I started my personal finance journey back in college and that's how I was able to save up for my emergency fund until I started working and I was able to build my stock portfolio. Years later and I now have a few real properties and even insurances. WIth personal finance you can definitely save up no matter how small you have at first.

[@LuisSilva-xi7qq]

I haven’t even finished watching this videos but it already gave me encouragement to start sorting my life out. Obrigada Mariana

[@rowanbergen8164]

You are amazing. I currently still live with my parents and they do all of the financing. But me and my boyfriend bought a house together and are moving in soon. So these are really good tips and tricks.

[@SugarMamma]

Congrats on such a big step. If you are wondering about how to manage a combined finance and budget maybe this video can also help kzbin.info/www/bejne/qJWbiJ6uq7J0p8k xCC

[@aestheralu2201]

First time doing saving challenges this year as it’s my new hobby.

[@budgetwitht6947]

Loved this tips!! Financial health is such an underrated life focus!

[@AriaBudgets]

Love the idea of paying everything on the same day every month. I try paying/scheduling ahead, but rather often find myself double checking bank to see what was withdrawn already and all that. Thanks this was a nice video 😊

[@SavingwithChristina]

Enjoyed your video. I love saving and watching those savings stack up! And I agree, personal finance is a HUGE topic with lots of different ways to spend less and save more!

[@ednahernandez2185]

One of the best videos on your channel! Thanks a lot for sharing with us. Watch all that you have and all that you do is inspiring!

[@GehanAdel]

This video really epic if you are in the beginning it gives you general overview but if you are in this sector for along it motivates you and refreshes your information.thanks 🌷

[@shaymaeel-jaouahiry6278]

Thank you that was very informative , and helpful

[@webbmoney2618]

These personal finance tips are amazing! those podcasts you mentioned are also really great

[@quentinmenager922]

Hi Mariana, love your video, I think the emergency fund is definitely the first step before starting any other investments

[@danielaamaro5210]

This inspired me so much, thank you Mariana! 💗

[@wealthpotion]

A wonderful introduction to personal finance that is both in-depth, but not overwhelming. Great job! This will help a lot of people.

[@AhmetKaan]

*Day one or one day.* *You decide.*

[@Fran-gw8mo]

hey ahmet, i love your channel!

[@AhmetKaan]

@@Fran-gw8mo thank you!

[@AhmetKaan]

@Urbi Basu I really appreciate that 🙂🙏

[@soniamark8503]

I got help from thechinahacks financially .They sent me a transfer of $39,000 just yesterday .

[@wildfrugalfree1673]

Love this mentality for everything!

[@site_is_down]

This is very informative and a motivating video! I hope people can learn and practice what you’ve been sharing as this is one of the best practices I have ever heard so far. Keep making great content like this 💕

[@maxmakesamilion]

Thank you for making the video. This helped me to become more organised about my financial situation.

[@penmax5137]

Wow nice! Thank you for sharing your spreadsheets!

[@yohanneslucky5538]

Thank you for educating me.

[@MohsenEshraghi]

Thanks for your content, your sharing and colabrative approch and your refrencing. 💎

[@colleenhudson2096]

Could you explain/make a video on how you make each category add automatically as you label them (13.55). This would be so helpful. Many thanks - Colleen

[@Karen-qh9nc]

Yes, please, Mariana!

[@clearlynotalways6476]

thank you for the spreadsheet!

[@financialplanningaustra2719]

Thank you for this video. It really help me in my personal finance and budgeting.

[@hotchick014]

This is very helpful. Thank you for sharing the information and resources!

[@jessislistless]

If you won't use a sheet, use an app. There's plenty of apps out there for free. Some people get overwhelmed with a spreadsheet. You can categorise your spending and income and then export these figures as a spreadsheet.

[@jj-bu6yb]

So truer! Use sheet does not work for me at all

[@chunk4520]

What app would you recommend?

[@02TheAnne]

This vid is exactly what I needed! Thanks for helping us with so many important aspects of our lives.

[@BigTex0516]

Thank you like the idea of once pay all bills at the beginning of the month. Something so simple yet so effective

[@tarun.t]

Thanks. The video was very well made. Simple to understand and remember.

[@Series7Exam]

keep giving free info to help people... love this

[@TASHIEMUSIQ]

I like the idea of paying the bills close in due dates at the same time when paying before the due date to avoid forgetting. She said to pay on the 1st bill’s due date 👌🏾 Makes perfect sense. Thank you …

[@sherryjackson8474]

@TASHIEMUSIQ wait are you saying that paying a week or 3 days earlier is worst?

[@TASHIEMUSIQ]

@@sherryjackson8474 No. For instance, if you have a bill coming out on the 21st, the 23rd and the 26th then you would pay all three on the 21st that way everything is paid on time by the due date of the first bill.

[@Lisamiles1989]

I feel pretty lucky to already have a half decent emergency fund and no ‘bad’ debt so have really been focusing on savings and investment at this time and hope to build a greater than 20% savings rate! Great information!

[@wildfrugalfree1673]

Get it! 🔥

[@sandeepkfinance]

Thanks for your tips and spreadsheet

[@kawserahmed2585]

Thank you sister 💙

[@ahmedkosovac6195]

THANK YOU! SUPER USEFUL.

[@successwithstacee9290]

Just being aware and asking yourself these questions will make a huge difference.

[@kh0072]

Hello

[@wildflowers_]

Thanks for the video ☺☺☺

[@HenriquedeCastroMachado-wz5wb]

my favorite youtube channel ever.

[@mariana-vieira]

🥹

[@eduardomera2100]

Thanks you very much for your advices. All of the are very clear, specific and helpful.

[@mariana-vieira]

I'm glad you liked it!

[@funlarry4145]

Great advise, I cannot wait to try.

[@23695angel]

Thanks for sharing.😊

[@thepersonalsideoffinances]

Nice work! Just subscribed and look forward to seeing more videos.

[@khuyentran437]

thank you so much love!! These tips are really helpful

[@ShahzainAli-tl8sk]

Excellent video! Thank you very much for your hard work.

[@mariana-vieira]

Thank you!

[@gaelle5901]

thank you !

[@milkbread5036]

so helpful thank you!

[@RoadtoFIRE]

Such a great video! These principles are so important!

[@thegetwealthpodcast3609]

Great Video!

[@nitalianguyen8616]

Great video. Thank you!

[@EvaWongWealthCoach]

Thanks for the video. Having good habits does matter!

[@kamranzaidi9694]

Very Helpful indeed

[@mcoco2646]

Nice video!

[@katiaaq]

❤️❤️ listen money matters, learned so much from that podcast

[@CreationByWords]

I enjoyed every minute of this video. Excellent work! Although as you mentioned it is not easy to put everything Personal Finances in just one video.

[@muneebasyed8147]

I downloaded the template you provided. The budgeting one is working great but for the expense one...how can I have the categories populate automatically like it did in your video?

[@florenceflorence2866]

Thanks a lot

[@ASHUTOSHKUMAR-vf8ip]

Thanks for it

[@vodkaplease3993]

This video is aesthetically pleasing

[@estefanycarolinaruizastorg2904]

Hi dear friend, my name is Estefany, I’m teaching a course related to household management and I would like to use this amazing video to show to my students, I love it and I think it can be very useful, could I have your permission? I will really appreciate it. Have a good day and take care. Warm regards, Estefany.

[@betaniaher]

Genius!!! Thanks so muuuuucccccch. Live saver

[@mariana-vieira]

🫡

[@HuyenGalore]

Hi do you have video on how to setup excel for finance/ budgeting?

[@SamFigueroa]

Really enjoyed this video. Thanks for this. Side note: I can’t watch you write, the way you hold a pen looks so painful. I just tried it and almost got a cramp :) What ever works for you tho, not saying there’s a right way to hold a pen.

[@artcraftmathcareenjoylearn1434]

Thanks!

[@artcraftmathcareenjoylearn1434]

To my friend, another coffee ☕️ if you want though

[@marimbolaca]

I made a copy of your GS template. How do I add to the categories the way you show on the video at around 4:40?

[@financialorderofoperations4721]

This is the standard Financial Order of Operations priority list for budgeting: Necessities Starter Emergency Fund (1 month of necessities) High Interest Debt Full Emergency Fund (3-6 months of expenses) Retirement Accounts (20% of gross income) Optional Spending

[@justtry2114]

Hi Mariana I really wonder how to make the category shows up automatically? 04:40 when you type in cell G

[@sab8019]

Mariana I'm so shookt to see you at 600k!

[@smriti4088]

that is literly what i said

[@sayingoodbye4]

Do you track every single expense? Even if you buy, let's say, candy or anything small?

[@ToThePowerOfFour]

Those are the most important to track, because they add up quickly without you even knowing

[@dreamchaser5758]

Most people have a personal allowance. A small amount - generally cash- that you don't have to track

[@hindenburg2006]

For something that small, it might be best to always get the receipt and keep it in a special place, whether that be your wallet, an envelope, etc. At the end of the week/month, you can dump them out and see if your general spending is roughly the same or if there's fluctuations somewhere. You could also set aside a cash allowance specifically for "treats", and when it's gone, it's gone.

[@bernardopzt]

Love the video! How do you create a formula like the one on 4:40 which sums all the items on the same category?

[@chefitoz]

doggo @ 9:37 made me think it was nearby lol

[@caterinaalvarez3486]

How did you get the "category" section to automatically fill in the second table?

[@neelama1593]

use pivot table function in google sheets.

[@amyjrankin]

At 4.48 you add in your categories which automatically get added to a separate table with the amount, how have you done this? I have downloaded your sheet but it’s not happened automatically like yours. Much appreciated. Amy

[@minkichoilee]

Hello Mariana, the 2nd sheet in the link doesn't have formulas? How to do it?

[@mariamstudies593]

I'm 11 years old and i'm taking notes, STONKS!

[@hmforall]

I just like writing down what I spend and then calculate what I have left for the month. I always make a spread a month with my (static) expenses and static income, which will determine my budget. I also include some "may be" future expenses. We have a caresystem where everyone has to have a care insurance, and there will always be a certain amount you will have to pay when you need care of a hospital, drug, special care, I just defide the max amount I might have to pay by 12, so I have it at least laying around for when the bill actually comes

[@indigolacie]

Mariana, did you link to your sheet? I think the link is missing

[@cristianmarint]

It's not hers, the spreadsheet is available online, search for "excel p personal expenses tracker template". And she's using Notion.so too

[@sadhbheire]

Hi Mariana, as a non-american, do you find those podcasts useful? i find many times the things that american podcasts touch on dont really translate for my life, as I dont have the type of debt or system, or even credit card systems or banking systems, so it is interesting, but not really something that I will use for my life. loved this video and all the resources, thank you! :)

[@mariana-vieira]

I find them useful for general advice. Unfortunately anything concerning credit score/credit cards isn’t really useful in my country but I try to search for advice that is applicable as much as possible

[@reinadellasschizas]

I was wondering about the same thing. I like watching TFD vids, but mainly I watch them for entertainment.

[@haleyhewkin566]

credit cards and credit scores don’t exist in other countries ?!?!

[@sadhbheire]

@@haleyhewkin566 I dont think so.. usually in europe people dont use credit cards as often and I never heard of scores outside of an american context. I lived in 4 countries in europe and 1 in asia. Credit cards are usually not used unless its absolutely necessary. usually you can pay for things online with a debit card.

[@haleyhewkin566]

@@sadhbheire that’s interesting. even here u have the option to not use a credit card so i wonder why americans are so attached to using them and having credit debt is such a common thing here. how do they not have credit scores tho? in america u can’t buy certain things without credit. i was denied a phone before bc of it lmao so in other countries they just believe u when u say ur gonna pay ur rent/car payments on time?

[@sophiaparang6480]

Me: wondering about personal finance habits I should use in 2021 Mariana 5 minutes later: publishes this video. LOL

[@pcpguimaraes]

Olá Mariana! onde podemos encontrar o excel? obrigada pelo video

[@mariana-vieira]

Está na descrição do vídeo :)

[@kylaagatep325]

you lost me at getting rid of debt 😅 jk lol hahaha great video!! I started budgeting this 2021 and looking forward to learn more!

[@nagarajankaushik1]

@mariana could you also link the monthly accounts spreadsheet template? And the notion template that you mentioned. Thanks!

[@liudmylataranenko4751]

The content is cool! Thank you☺️ However these frames with flashing lights are annoying, can you fix that?

[@esmeraldagems9487]

My bank account can't say much positive things about me but I'm a delivery driver and I've been saving up my tips and I can typically save around $400-$500 a month. It still means 12 hour shifts on the weekends, or at least once or twice in the week and yeah I feel tired a lot but at least I'm not so completely broke. At least to where I'm not throwing my money away. The best part is that I'm also organizing and saving my money into multiple pockets. So there's like 10-20 different things I'm (trying to) save up for. From an espresso machine (so I'm not spending $6 and $7 at Starbucks all the time) a piano keyboard, to car insurance and trying to pay off my car. I'm even saving up for mother's day so I can do something nice for my mom. And several other things like saving for my own place and clothes shopping, etc.. tip jobs are good to have when you want cash to put away each day. 😊

[@regtalkswealth]

Today is the best day to get started, investing is one of the best methods around

[@isabelcabangisan804]

Your desk look a like to my desk ☺️

[@kh0072]

Hello Isabel

[@joygaroz7355]

Hello i found this very helpful, thank you for sharing! I was just wondering how you manage to create your category list automatically as you do on 04:41 thanks in advance!

[@midnightsnacks24]

It's a pivot table

[@SheillaChrisCamachoCasas]

There is a template from Google sheets which is just like that one.

[@siopaonom961]

i don't know if it's just me, but Mariana, your American accent is getting better! :)

[@m3ducraft]

Which file is your template? I can't access "Simple Budget Printable"

[@cayle2232]

How does it work at 3:39 that the categories at the right just add up as soon as she types?

[@dreamchaser5758]

She put an Excel formula in the spreadsheet. Gates is a multi-billionaire for a reason

[@minkichoilee]

@@dreamchaser5758 It doesn't work with my copy. Does it work with yours?

[@dreamchaser5758]

@@minkichoilee oh no. I don't have it

[@dv7283]

Where are the links...?

[@francismausley7239]

BIG learning processes & How to Pray also! "O Divine Providence! Perplexing difficulties have arisen and formidable obstacles have appeared. O Lord! Remove these difficulties and show forth the evidences of Thy might and power. Ease these hardships and smooth our way along this arduous path." ~ Baha'i Faith