Budgeting 101: How To Do A Monthly Budget If Paid Biweekly Or Every Two Weeks

  Рет қаралды 96,270

Shay Budgets

Shay Budgets

Күн бұрын

Пікірлер: 124
@iMAGATRON
@iMAGATRON 6 жыл бұрын
I have a suggestion. I worked in financial services for a couple years. One of the most important things to remember is 1 tenth of everything you earn is yours to keep. In other words, PAY YOURSELF first; i.e. Savings Need to have at least 3 months worth of income saved up as an emergency FUNd. Your cable doesn't care if you pay your rent, Rent doesn't care if you've paid for you car. None of your payees care if the other got paid. So definitely pay yourself first. Learn how to live on 90% of your income and put the 10 away every month. Also when you have a 3rd paycheck in a month... Put that entire amount into the savings account. This savings account should require you to actually walk into the bank to get money out. Not connected to overdraft, or have a debit card for it. Just my two cents. Pun intended. ;)
@duncan8345
@duncan8345 3 жыл бұрын
Thank you sir👍🏾
@l3l24lvol0lv
@l3l24lvol0lv 5 жыл бұрын
From an unorganized, procrastinating , undisciplined guy trying to straighten things out - this is fantastic. Thank you, this will greatly help me.
@jlmurray2025
@jlmurray2025 4 жыл бұрын
I’m with you hon that.
@the_yisus0018
@the_yisus0018 Жыл бұрын
how did it go man? did it ever help you?
@JustFrugalMe
@JustFrugalMe 5 жыл бұрын
This is so important! If you want to succeed, you need to create a budget. Without a budget, you lack focus and direction. Budgets not only allow you to take control of your financial direction; it also provides you a benchmark for determining whether you are actually succeeding.
@LakishaJohnson4beauty
@LakishaJohnson4beauty 6 жыл бұрын
I pay on my rent bi-weekly. I do it that way so I won't be all the way broke during the first of the month. Take that extra $ on the 15th (using these numbers as an example) and apply it towards rent due on the 1st. When the 1st rolls around you just need to pay the other half with the check you receive on the 1st. Do this every time you get paid, and you are a paycheck ahead of rent.
@xxix_desii_xoxo4482
@xxix_desii_xoxo4482 5 жыл бұрын
LaKisha Johnson great idea
@lovedestinae6997
@lovedestinae6997 6 жыл бұрын
I live in the south and these are pretty realistic numbers for me as a recent college grad. I don't pay rent since I still live at home with my mom or sometimes my sis, but her rent runs her about $600 for a 3 bed 1.5 bath in a decent neighborhood. And my car note is $300, insurance $100. I really liked this vid, as I am new to budgeting and will be starting my first professional job in a couple of days and it pays biweekly.
@gigi8528
@gigi8528 6 жыл бұрын
I’d put the extra $125 towards the car note from the $295. That would leave $170 left. I’d save the $170 each month. $170 x 12 months = $2,040 x 3 years = $6,120.
@CallMeWilsar
@CallMeWilsar 6 жыл бұрын
Thank you for creating this video. I’ve always been paid monthly and I have a new job (and increase pay! which now pays me biweekly. I don’t love it this way but I can’t control it. What I can control is figuring out how to make it work so this video helped me figure that out. You have no idea how at ease I feel right now. Again, thank you so much and you’ve gained a new subscriber!
@mandyonabudget568
@mandyonabudget568 6 жыл бұрын
This also works for those paid semimonthly. Getting companies to change your due date is very helpful. I have my bills situated so I can “pay myself” first, so I don’t have to worry about the food budget.
@Rkg1205
@Rkg1205 4 жыл бұрын
$570 for rent?! I need to move wherever you are! I would be the happiest person alive paying that kind of money.
@kellykelly5128
@kellykelly5128 3 жыл бұрын
We pay 500 for 2 bedroom I live in Detroit 🤣🤣 some parts of the house aren’t updated
@BudgetLady
@BudgetLady 4 жыл бұрын
Congratulations on paying off your car!!! That’s my goal this year!!!
@BethRichLife
@BethRichLife 6 жыл бұрын
This was very helpful. Seems really simple and I don’t know why it never made sense to do it this way before. When I get home I’m going to setup my April budget. Thanks.
@neevaflowers
@neevaflowers 6 жыл бұрын
It's very helpful to see a bi-weekly budget laid out like this. I appreciate this. Thank you! 😊
@miriam2338
@miriam2338 6 жыл бұрын
Great video! That is exactly how I started my budget as I get paid 2 times a month.
@Kay-fv7cw
@Kay-fv7cw 6 жыл бұрын
Nice video. I got paid on the 15th and end of month for years (it's called semi-monthly), and loved it. When I went bi-weekly (every 2 weeks) it really threw me off😞
@kimmykim1277
@kimmykim1277 4 жыл бұрын
This is how i set up my budget. I only pay bills 2 times a month when I get paid. I auto pay 2 Bill's and make site I keep that amount in my account. I like that you didnt make it even because it rarely is balanced. Great job laying it out!!
@LaughingLaughs88
@LaughingLaughs88 2 жыл бұрын
I’m happy to learn from someone that looks like me!
@norahdavex4417
@norahdavex4417 6 жыл бұрын
Yes, I can totally relate to this budget. Boyfriend and mine's expenses are about the same.
@itssricaa96
@itssricaa96 4 жыл бұрын
Instantly subscribed ‼️🙏🏾 THANK U Side note - My bday is Jan 29th 🔥😍
@atxbrighteyes
@atxbrighteyes 6 жыл бұрын
Where do you live? I need those types of prices!!
@ShayBudgets
@ShayBudgets 6 жыл бұрын
SheCreates Georgia
@atxbrighteyes
@atxbrighteyes 6 жыл бұрын
Shay Budgets Imma need to move there! Can't even get a one bedroom apartment for less than 1000. Here. Smh
@austinreeves9112
@austinreeves9112 6 жыл бұрын
SheCreates right
@austinreeves9112
@austinreeves9112 6 жыл бұрын
My 1 bedroom is 775 a month and i pay water electric and trash and renters insurance is required as well
@MrTrav110594
@MrTrav110594 6 жыл бұрын
NYC Brooklyn one bedrooms going for 1600+ / Month
@RivaTheDiva
@RivaTheDiva 6 жыл бұрын
Jesus ur rent is love ... in Maryland it’s crazy high I’m paying 1650 🤦🏾‍♀️
@martinarnaud1266
@martinarnaud1266 5 жыл бұрын
1300 in Chicago for a 2 bedroom. 🤔😥
@MarkieDstudios
@MarkieDstudios 5 жыл бұрын
Yes I’m from Maryland/ Washington DC side and I agree I’m moving to Atlanta or North Carolina
@learntocrochet3952
@learntocrochet3952 5 жыл бұрын
Southwest suburbs of Chicago (40 - 50 miles Joliet, Aurora, Plainfield) is $500 - $900 a month for a 1 bedroom.
@JuliaRtv50
@JuliaRtv50 4 жыл бұрын
Thanks For All Your Videos! Blessings!
@unc4evababE
@unc4evababE 6 жыл бұрын
Thank you for this video, this explained everything perfectly for me
@johna9168
@johna9168 4 жыл бұрын
Great video! A little suggestion? move your “fun money” into the next paycheck and ball out!!!! Lol thanks
@erica1672
@erica1672 6 жыл бұрын
Great video very doable..Car Insurance for $80 is a great deal.
@kaydee5588
@kaydee5588 5 жыл бұрын
Great job I have just discovered your channel I have subscribe and will be tuning in.
@PenniesNotPerfection
@PenniesNotPerfection 6 жыл бұрын
Great budgeting basics video! I’m impressed by your rent amount! I live in the south too but I’ve never paid less than 650 and thought that was a steal without anything included.
@ashleychanelle1997
@ashleychanelle1997 5 жыл бұрын
$50 a month for gas!? How do you drive to the place to get the income?
@ShayBudgets
@ShayBudgets 5 жыл бұрын
Ashley Chanelle1 lol!!! I drive a hybrid 😝
@thelmaespinel8558
@thelmaespinel8558 6 жыл бұрын
Thank you I really need this budget😊👍🏻
@coolcutsgal2
@coolcutsgal2 5 жыл бұрын
1/1 in SoCal: $1600 for RENT Only!
@commentator2718
@commentator2718 6 жыл бұрын
Great video! Thank you.
@jessicasdiymore5918
@jessicasdiymore5918 6 жыл бұрын
Thanks very helpful that’s what I’m going to start doing next paycheck since we only have one income and we are a family of 7
@Browntinkerbelle
@Browntinkerbelle 5 жыл бұрын
This was very helpful! Thank you!
@watchmesave4912
@watchmesave4912 6 жыл бұрын
great video.
@nothingisimpossiblepratt3497
@nothingisimpossiblepratt3497 6 жыл бұрын
Very detailed thanks for sharing
@halfmoonyogi4997
@halfmoonyogi4997 Жыл бұрын
Cancel cable, and Internet should be 50 max. I cancelled mine and I use the library and data. Cell phone can be as low as 15/month with mint. Fun money on 2k a month with debt is tricky. Can fun be free for a while?
@ShayBudgets
@ShayBudgets Жыл бұрын
This video is like five years old lol
@MrMarioandtanya
@MrMarioandtanya 6 жыл бұрын
Damn Love those prices I pay $1,500 for rent here in Miami
@staytruewarriors9185
@staytruewarriors9185 6 жыл бұрын
Very nice!!! Great video :)
@GhostFaceTraderz
@GhostFaceTraderz 5 жыл бұрын
$80 insurance! I’m paying $550 a month!
@In_time
@In_time 6 жыл бұрын
When people say “bi weekly” do they actually mean 2 times a week? Is anyone getting paid twice in a week? Or do they actually mean _bi-monthly_ ..2times a month/roughly every other week? I can’t tell if I’m confused or if other ppl are... 🤷🏼‍♀️
@ShayBudgets
@ShayBudgets 6 жыл бұрын
in time By definition, biweekly means every two weeks or twice a month
@In_time
@In_time 5 жыл бұрын
Shay Budgets thank you!! 🙏🏻 I was feeling like I was in the wrong line of work if everyone else getting paid 2x a week 😂
@taylorbrimer
@taylorbrimer 5 жыл бұрын
Typical biweekly is every other week. That leaves 26 pay periods a year so two months of the year you get one extra paycheck that month . Semi monthly means twice a month on specific days of the month so always twice a month.
@lamkiska
@lamkiska 6 жыл бұрын
I’m struggling with trying to create a budget! My husband gets paid weekly and I get paid every two weeks. Please help!!!! 😣
@lawill3559
@lawill3559 4 жыл бұрын
Depending on what expenses are due closes to each of your pay days, “I’d” just budget by each of your checks......if possible.
@MommyHood
@MommyHood 6 жыл бұрын
What about sinking funds? What would you do then :)
@ashley6153
@ashley6153 6 жыл бұрын
This video helps out a lot. We get paid semimonthly with a check on the 15th & last day that treat as the a check for the coming up month. Is there a better way to budget for that?
@ShayBudgets
@ShayBudgets 6 жыл бұрын
Ashley Arnold no, I think you’re doing it the best way!
@slickhandzx813
@slickhandzx813 4 жыл бұрын
What car insurance are you working with.
@tayloralexandria1808
@tayloralexandria1808 6 жыл бұрын
Nevermind I understand what you did !
@queenblack730
@queenblack730 6 жыл бұрын
Great video
@jasmineholloman7217
@jasmineholloman7217 6 жыл бұрын
I only make 250 every 2 weeks and I’ll be getting an apartment with my best friend who makes the same amount and we are still figuring everything out like how we will pay rent and bills
@LifeOfXeri
@LifeOfXeri 6 жыл бұрын
Jasmine Holloman oh no bby you need more than that not trying to be rude just realistic what do you do for a job 😕😕
@nathanielwalters158
@nathanielwalters158 5 жыл бұрын
I would recommend that you get additional source of income. Before careful with counting on your friend. Definitely need to have some money saved money as a precaution.
@srenee010
@srenee010 6 жыл бұрын
But what if someone in your family they get pay bi-weekly and monthly like social security.Then how do you budget that.Just asking and looking for some help.
@nikki22yeo
@nikki22yeo 3 жыл бұрын
3 sections....divey up the bills between. Play around with what you pay with each section until it makes since.
@davidysla2642
@davidysla2642 5 жыл бұрын
Thanks for this. I get paid bi weekly. My car payment and rent are due at the same time 850.00 for rent. And 372 for car payment. Would I use my 2nd paycheck of the month for car payment due on 3rd and then pay rent is on 1st-3 is late. on first paycheck? Example I get paid on 22nd of this month would I pay rent on this check or car payment. And then on April 5th pay rent , 2 paycheck of April 19 would be car payment the May 3 be rent? Would that be right or do I reverse it? Any help would be great.
@ShayBudgets
@ShayBudgets 5 жыл бұрын
I would actually suggest calling the car loan company and moving your due date!
@davidysla2642
@davidysla2642 5 жыл бұрын
Shay Budgets I actually already did and they said no it can’t be changed.
@davidysla2642
@davidysla2642 5 жыл бұрын
Shay Budgets I already called them and they can’t change the due date. So I guess I’ll need to find a different option.
@mzgoldiechanel5
@mzgoldiechanel5 4 жыл бұрын
with 2nd check of month half put aside for rent for the next month when you get paid you only have to come up with the next half of rent then you can pay car payment on time dont wanna pay that late cause that effects your credit
@MarkieDstudios
@MarkieDstudios 5 жыл бұрын
Question how is it that your outgoing is not the same or even out to when you break it down biweekly? Shouldn’t the leftovers equal to 1705? I just tried the same thing and it didn’t work also my outgoing is different from after breaking it down biweekly
@MoBettaLiving
@MoBettaLiving 5 жыл бұрын
Greetings! I'm desiring to get my finances and savings in order. Could you please suggest a planner that I can purchase. I have your etsy so I will purchase stickers. Question can they be customized for my bills?
@specialk8927
@specialk8927 6 жыл бұрын
I'm single and get paid weekly along with other business income. How would you incorporate those income?
@ShayBudgets
@ShayBudgets 6 жыл бұрын
Special K I would do what I do now. I would make my monthly budget with my base monthly pay but I would do weekly budgets
@truckerkev7067
@truckerkev7067 3 жыл бұрын
Great content sis
@JuliaRtv50
@JuliaRtv50 4 жыл бұрын
Does this work for someone on a MONTHLY income ofless than $650?
@LaToyaPlansLife
@LaToyaPlansLife 6 жыл бұрын
I love this video but I notice you didn't include credit card payments. How do you include those?
@ShayBudgets
@ShayBudgets 6 жыл бұрын
Any additional payments/debt payments/expenses/etc would have to come from that $295 that’s “leftover”
@armandosandoval698
@armandosandoval698 2 жыл бұрын
Girlllll 50 USD in gas now a days is a blessing
@hazeharrisoniii8254
@hazeharrisoniii8254 4 жыл бұрын
Do I have your permission to use your video on my website... it's exactly what I am looking for.
@ShayBudgets
@ShayBudgets 4 жыл бұрын
Sure
@naokarina593
@naokarina593 5 жыл бұрын
No saving?
@JohnDoe-ze8pf
@JohnDoe-ze8pf 5 жыл бұрын
Student loans $100/month?! Mine is like $700/month
@TivonyByTifani
@TivonyByTifani 5 жыл бұрын
Where the heck do you live!? You can’t find those prices here in Miami😩👐🏾
@ShayBudgets
@ShayBudgets 5 жыл бұрын
Georgia
@lataviorsmith1734
@lataviorsmith1734 9 ай бұрын
Incoming:$2,000 Outgoing: $2,999 😂
@tristiciadaley8559
@tristiciadaley8559 2 жыл бұрын
No savings?
@E150GT
@E150GT 5 жыл бұрын
I like your hands
@dracojensei1141
@dracojensei1141 Жыл бұрын
No food budget when u get food stamps 😅
@naniedixon620
@naniedixon620 6 жыл бұрын
I get paid one time a month can you help me
@polyglotlanguages5958
@polyglotlanguages5958 11 ай бұрын
Gas?
@FrankBishopPS3
@FrankBishopPS3 6 жыл бұрын
$570. For rent? Shit my rent is just under $1000 a month for a small 3 br "low income appt"
@tayloralexandria1808
@tayloralexandria1808 6 жыл бұрын
In this video are you saying that every two weeks you would make $2000 or is that for the month? Just wanted to clarify. I get paid bi-weekly and wasn't sure if I needed to make my budget for a monthly basis or every two weeks.
@mzgoldiechanel5
@mzgoldiechanel5 4 жыл бұрын
makes 2k a month what she saying
@nikki22yeo
@nikki22yeo 3 жыл бұрын
Do it for the monthy bills...benefit is twice a year you will get two extra paychecks...dont use monthly income. Use 2 take home paychecks.
@surfkroq1
@surfkroq1 6 жыл бұрын
1800 here for rent :(
@stinkymushroom8007
@stinkymushroom8007 4 жыл бұрын
All my fun money is gonna go into roblox
@UpperCaseX
@UpperCaseX 5 жыл бұрын
Wow 570 @nyc im almost 3k
@UpperCaseX
@UpperCaseX 5 жыл бұрын
lol my mortgage is way more than ur entire budget. almost double
@ShayBudgets
@ShayBudgets 5 жыл бұрын
Yikes
@jervishorton7372
@jervishorton7372 5 ай бұрын
Getting paid bi-weekly while living in a big city will leave you broke with little savings. It is manageable if you have no social life. And stay single SMH
@lwinston5950
@lwinston5950 Жыл бұрын
Girl I would love to hv your bills
@Omertarodd
@Omertarodd 2 жыл бұрын
Can you make or someone make a real Video explaining because who rent in real life is $570…. I’m paying $1300 for rent a month ..
@ShayBudgets
@ShayBudgets 2 жыл бұрын
Explaining what?
@zulynava4059
@zulynava4059 2 жыл бұрын
It would be the same process but with YOUR numbers.
@brittanykd08
@brittanykd08 4 жыл бұрын
$570 rent .... I wish
@kaylabrown4699
@kaylabrown4699 3 жыл бұрын
This helped none I get paid 600 bi weekly
@djaniaofficial
@djaniaofficial 5 жыл бұрын
Food for $200 per month? LOL
@ShayBudgets
@ShayBudgets 5 жыл бұрын
LOL
@capsoulgotthehits6719
@capsoulgotthehits6719 Жыл бұрын
this is unrealistic and not very helpful thanks for the effort though.
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