BUDGET WITH ME : SETTING UP MY SINKING FUNDS | JANUARY 2018 | E.Michelle

[@queeniman2674]

These budgeting videos are intimidating but I’m getting on track watching your videos.

[@DeonnaMyleah1]

I need to sit down tomorrow and write mine down so I can start saving next month ! Most people explain sinking funds so complicated but I like how you explained it to the point ! Solid sinking funds sis ❤️️💁🏾😘

[@MichelleElaineOfficial]

Yeaaaahhhhh I’m so glad it was easy to understand. Lol cause i had been watching some and was like huh do what where lol. So this makes me feel great.

[@jewel-annnedd-baptiste3556]

Lady u have me budgeting religiously. It helps me remain focused. I like the sinking fund. This is a lovely idea. I'm going to start that and hopefully I can keep up . Wish me luck.

[@nsant]

How's it going 11 months later?

[@lovelyb7673]

That was helpful! Thank you so much! I will hopefully be using this for our family’s Christmas vacation this year!

[@xiction]

Love this video. I started my first sinking fund for car repairs, christmas/birthday gifts, and vacations.

[@chandrabone3576]

E.Michelle this budget planning was informative. It made perfect sense with you explaining it. I hadn't heard of a sinking fund, so I learned something new. I am proud of myself, bc I moved a little money from my checking to a savings account. I now realize I need to move it to another savings account, where I can't touch it the other is at the same credit union that has my checking account. I have been intimidated by saving money. This is my year to make it happen. Thanks for the advice.😊😊

[@sara12345123451]

Car maintainence, car tags, new car, 6 month car insurance, college, labor and delivery medical costs, anniversary vacation, and new furniture are mine.

[@kocoahollis9771]

You about to have me all the way right in 2018. Child I have never heard of a sinking fund but once you broke it down I was like do Jesus! I needed that idea like 10 years ago lol I will be putting some thought into it but that car maintenance was brilliant. 😉😘

[@MichelleElaineOfficial]

YYYYAAAAAAAAASSSS We bout to be all the way right ! Im claiming it!

[@S0imR0yaLty]

Hey will you do another this year or update us on how it went... newbie here thank for all your content

[@MichelleElaineOfficial]

Yup it’s coming up in December

[@tomipie]

I just wrote down all my sinking funds as I was watching this and didn’t realize how much more I need to be saving.. thanks for this great video! 😘

[@MichelleElaineOfficial]

Yaaayyy! So glad it was helpful. And love that you really budgeted with me !!! Whoop whoop !

[@christinam9340]

I love that you include real numbers. Makes it so much easier to follow along and plan. Just found your channel and I love it!

[@ReAllSmiles]

Christina M me too!

[@ssetj2]

Doing mine for car maintenance and house repairs!

[@mrskayhillman]

Thanks for sharing this! I’ve never heard of a sinking fund but I think it’s a great idea especially for those long term purchasers and vacations! Will be trying this in my bullet journal!

[@MichelleElaineOfficial]

thanks so much for watching! Yess can't wait to see what you come up with! YYYAASS to BuJo!!!

[@deana6633]

Christmas sinking fund, birthday presents for boyfriend parents etc...

[@samanthacromer5378]

Christmas would be another sinking fund to add. Save up.over the year and because you are saving a little at a time it's hardly noticeable but it adds up. For example I budget $300 for Christmas currently so that is 25 a month over 12 months and getting paid bi weekly it breaks down to $12.50 per paycheck.

[@ShayLove122985]

I love your videos. I'm new to this budget planning thing and your videos are definitely going to be soemthing I use along the way.

[@MichelleElaineOfficial]

Yyyaaaahhh I’m so glad they are helpful! Can’t wait to hear about your progress as we go through this together

[@chadee93]

Love your setup and I will follow this method to see if it works for me. Thanks for sharing. Love your handwriting.

[@MichelleElaineOfficial]

thanks soo much hun! Yess let me know how it works for you. I am sooo motivated by just knowing i'll have some money up when those rough times come...

[@mztmomo]

I came across this video and glad I did.... I just love these budget video as I’m working on something different fro 2019

[@NeliaBedilia]

I'm thinking a new car, vacation, birthdays/anniversaries, and Christmas for my sinking funds lol this was great! I think decorating makes me more attracted to the page and feel more motivated to accomplish things too lol

[@MichelleElaineOfficial]

Girl you got some good categories! Let me know how it works out for you :) Decorating is so motivating, lol i am one of the ones that will sit and flip through stuff just cause it looks nice!

[@ReAllSmiles]

NeliaBedilia vacation definitely!

[@fatimaaFL]

Girl. You budgeting videos are amazing!!!! Inspiring and I am now motivated and know how to begin budgeting because of you! much love

[@victorianickerson9211]

New to the channel. Where did you get that super skinny washi tape?LOVE IT! Love your nail colour! Chronic nail biter here, don't know how you can function with the nail length! So pretty!

[@lakeishabridgeman1103]

I love your channel! I'm from Indiana too and also use a Happy Planner. My husband and I tried to do sinking funds with an Excel spreadsheet, but I find pen and paper so much better. :-)

[@MichelleElaineOfficial]

Yyyaaaayyyy a Hoosier! Yes sinking funds can be difficult to keep track of wheeeww i never thought about Excel

[@ieeshamack]

Your handwriting is so neat,,also thinks for the idea. I didn’t understand what a sinking fund was. Thanks for sharing.

[@MichelleElaineOfficial]

Awww thank you. I really be like i wonder if imma handwriting is chicken scratch lol Thanks so much for watching.

[@fromericaa]

Thanks for explaining it so well! I was on the phone with a friend who I plan to vacation with in May. We've decided we're going to commit to creating a sinking fund for our trip so we're not busting out the credit cards.

[@abigailphoenixthepaperaddi2501]

Wanted to say thank you. Your budget is more like mine... tight. I was feeling like EVERY video I watched dealing with sinking funds, the person has a job that brings in a LOT of $! Being able to put over 1,000 into various sinking funds... We are not so fortunate, although my husband finally got a job with an actusl career path, finally. We're still reeling from the time between jobs... still behind in payments, and never able to quite catch up. Thats when i started learning to budget and all of this. We're at pre-baby step 1 lol. I have hope now, that even with a tight income, i can STILL save money back. It might be 1$ here and there for a while, but i'm determined. Thank you for being realistic... for being REAL.

[@Mindingthebizthatpayme]

Glad I found it thank you for this video ☺️🙌🏾

[@WaterBottleBlues101]

Great video, I’m late this SF party but since hearing about this topic this month , I’ve watched lots of videos and can’t wait to start my own SF. I can’t wait to have piece of mind 🙏🏽when it comes to paying bills.

[@ReAllSmiles]

Sun& MoonSky I definitely need to do this for my tires too

[@NISHIADENAE]

Thanks Michelle this video was a life saver; especially while I'm saving to move. I'll definitely be following you. I feel you on the decorations when writing and taking notes💞💞💞💞

[@JLynDuBose]

Absolutely Love your video, where can I find the cool budget book? And envelopes? I'm ready to get started on my 2018 budget goals and debt decrease goals ! Thank You !

[@ellathomas1504]

You explained it really well, want to stop procrastinating about several things. Christmas is one and another is a vacation. Thanks a bunch. Ella

[@feliciamabry1452]

Hello just started really watching your videos, so please don't think this is a crazy question but can you explain what skimming funds is 😊

[@marybeth2788]

I am trying to work out a budget each month, and get it together. Thanks so much for the sinking fund video this helps so much!

[@ReAllSmiles]

Your nails are so cute, by the way:):)

[@herLuck]

Your hand writing is so pretty 😘

[@ReAllSmiles]

Luck smith yes! 😍

[@heyyougotmal]

Omg where have you been my whole life 😫 I defiantly subbed and I’ve watched all of the July’s videos and I’m so ready to purchase this planner. The envelopes. Pens etc. like this was so simple.

[@planningmylifeback231]

That was a simple way of explaining SF. Now I feel like I can do it, easily

[@RaShaysWorld]

Thank you gotta start saving more. I want a House by the time i turn 25

[@CarlyUTube]

Banks have Christmas and Vacation clubs or at least they use to. Either way you to a great job sharing saving ideas.

[@melissabrown6494]

I work at a supermarket and I get paid weekly, so can I put away money same way? The next thing i sometimes get a tip for wrapping and taking the bags to their car, what should I do with the extra cash

[@KristynAlexis]

Okayyyy I needed this

[@ReAllSmiles]

KristynAlexis yes! Me too!!! :)

[@0rignallity601]

So would you call saving for a purse money you take out from your personal spending or would you place it as a sinking fund?

[@MichelleElaineOfficial]

I would create a sinking fund for it. Give yourself a goal date and figure out much you have to save a month to make it happen.

[@0rignallity601]

So, some is it a general decision a person will make if they choose to make something a sinking fund or personal fund? Also, what's the difference between having a "personal fund" or "Sinking fund?" I'm a overthinker lol it may sound repetative but i just want a clear distinction so that i may know how to label something I want under the proper category.

[@TalisaRae]

Get us all the way together! I love you for this. I’ve got to start my sinking fund for 2018 together. Right after this biiggg purchase is complete next week

[@MichelleElaineOfficial]

Awww shoot sis big purchase!!!! Can’t wait to see what you get. You been working so hard , hope it’s a treat yo self purchase lol 😂

[@sissyesters8322]

Thank you for sharing.

[@morganl2568]

You should get a bullet journal

[@mG-fq8kh]

yassss girl Im glad i found this channel:)

[@MichelleElaineOfficial]

Yyyyaaayyyy glad you found me too!!!

[@lakins-qt7432]

Love your video... something I should consider doing.. thanks for the inspiration

[@MichelleElaineOfficial]

You are so welcome. Thanks so much for watching ! Let me know how it works if you do it.

[@lakins-qt7432]

E.Michelle I sure will. I started watching your videos and bought my first happy planner and budget extension pack in nov due to your videos. you are the only one I noticed who budget per check... and that truly helped me. I was always doing it in my head.. but to physically write things down and allocate makes a difference.

[@MichelleElaineOfficial]

That makes me feel so good. Yes that’s exactly what i was doing and couldn’t figure out where my coins where going. Writing it down and planning it out i have saved sooo much !!!

[@ReAllSmiles]

I definitely like that she said to do it while you’re motivated to do it. I was thinking that I should start next month but when she said that I’m like okay shoeeee I should start today haha

[@naturalbeautyj8856]

Great video, I just subscribed to your channel and have been watching some of your videos. Shout out to Indiana as I live in Indianapolis. I am currently am saving for Christmas and also my daughter is in need of braces so I am saving for that. Oh and also we are taking a trip to Gatlinburg during the summer.

[@MichelleElaineOfficial]

Whoop whoop! Indiana love! Thanks soo much for watching. And omg braces can be sooooo expensive. And i am dying to go to Gatlinburg so if you luck up on any deals please don’t hesitate to share

[@sowjanyaganduri6821]

I loved it, I'm a new subscriber...😍😍

[@donnalp2387]

Do you have any advice for me, I’m a single mother and I work for my city school district, I make $19,300 a yr and my take home after taxes, union dues, etc is $510 every 2 weeks, I am trying to budget but I literally have zero dollars left after paying everything. Is this possible? I’m up right trying to figure out how I can make extra income because it’s really tough

[@ieeshamack]

What kind of pen are you using?

[@MichelleElaineOfficial]

It’s a steadtler ! I love them !

[@mikamajor8348]

So informative, thank you

[@Elyselaveau]

Wow! I needed this!!

[@MichelleElaineOfficial]

Yaaaaa sooo glad it was helpful

[@kalandriawilliams9034]

What stops you from actually using your debit card ?

[@KokoVolley]

Nails are on fire!

[@ReAllSmiles]

Koko Volley so fire 😍

[@cwsdgfvcsscv]

This may sound a bit crazy to ask. Do you have advice for single moms who want to budget on low income or dream plan for those who are unemployed. Cus guurrll i wish i had the same monthly income as you to pay off debt and bills and save to move on my own again. I feel as such a failure. I'm having a hard time finding employment opportunities right now. So im just curious if you have any advice

[@Dee27dg]

jenavione goiser What you will need to do is first gather all your essential bills I.e. grocery, rent, utilities, transportation. Then gather your monthly or bi weekly fixed income statement. Create a budget for the essentials ONLY. After that any extra funds allocate for a small clothing budget for the kids/yourself. With all that being said any extra money goes towards making all essential bills current. If bills are current begin to save a baby emergency fund of $500 .

[@lolacole5653]

Check out www.daveramsey.com

[@Ventasia]

What is the +/- signs for?

[@PutOnLove]

So how about you help me with my real life budget !!! We need a FaceTime date. I need to get my life together

[@SherlySmith1]

Beautiful nails

[@GrowWithNiki]

Loving your nails boo

[@hildasqueennails2677]

Yesss i neeed thisss by the way i want to do your nails one day thanks for ur videos

[@MichelleElaineOfficial]

Thank you soo much !!! That would be awesome. Im bout to check out your channel

[@hildasqueennails2677]

E.Michelle i dont do videos buy my ig is @nails_by__hildab

[@daniellsamuel7103]

I love your nails

[@lovemyellie9320]

I think your nail budget is way too much..😬

[@PutOnLove]

Anne Medina I’m So glad your thoughts doesn’t pay any of her bills 🙌🏾#ThankYouJesus

[@MichelleElaineOfficial]

Lol 😂 that’s the whole point of my budget. I budget the things that i want. I can’t help nail prices at the nail shop

[@lovemyellie9320]

Put On Love stop including Jesus’ name in your sarcasm..

[@PutOnLove]

I’m very thankful your thoughts don’t pay any of her bills so i can thank Jesus for that. #ThankYouJesus 🙌🏾🙌🏾🗣I said what i said honey 🤷🏽‍♀️