Get One Month Ahead of Your Bills | What is a Month Ahead Fund | Live on Last Month's Income

Take the headache out of budgeting! Stop living paycheck to paycheck and NEVER pay another late fee again. I will show you exactly how a month ahead fund works and what you can do to start one fast! Getting a month ahead of your bills makes budgeting every month easy. Don't forget to like, subscribe and share this video with your friends!
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[@susanbailey7829]

Thank you for the wonderful info presented in a visual way. Ingenious - huge “Now I get it” moment!

[@genevieveherbaut8095]

I'm lost.....where did the red balls appear from?

[@vynaltheworld4092]

@@genevieveherbaut8095 the red balls represent the 1 months ahead fund that you need to be able to make this system work for you I would watch the video a couple more time and you get it I'm sure

[@vynaltheworld4092]

@@genevieveherbaut8095 basically you will have 3 2000 dollars to have enough to make it untill the next paycheck comes in

[@kerryjames6312]

I pay one month in advance in rent gass electricity water cell phone cat deflee and deworm insurance food fun money taxi money

[@EmilyVandall]

I used my tax refund and stimulus check to get one month ahead. I pay everything on the first of the month, regardless of the due date. (Most of my bills have a negative balance at that time.) With my paychecks, I pay “The Kitty” which funds everything I’ll pay on the 1st of the next month.

[@LininUpDucks]

Perfect! Great job! Thank you for watching!

[@kbanghart]

Hey this is great, I want to do this as well. Paying everything on one day, or at least you know like one paycheck cycle would be so much easier. But, how do you get ahead? I'm behind on a few bills, so just not sure how I would get ahead of paying everything like this.

[@EmilyVandall]

@@kbanghart I started accidentally, actually. I “meant” to set my power and water bills to pay 1/2 of the amount every 2 weeks, on payday. I accidentally set it to pay the FULL amount every two weeks. I noticed when my account was LEAN. It was a rough couple of weeks. But since the hard part was over, I decided to keep it up. I always have a credit on the books with power and water. For the others, I would choose one and decide on a fixed amount to pay (even if it was variable) I chipped away at them like that until I had a credit.

[@kbanghart]

@@EmilyVandall Cool thank you! Since I posted my question, I found I'm able to withdraw some money from my fund I have to start this process. Going to do it today or tomorrow actually. Can't wait.

[@JehanineMelmoth]

Thanks for including those of us without tax refunds. This was an excellent representation.

[@nosirrahm]

I remember when I learned about extra paychecks (14 years ago). When you don’t manage your money, you never know there was such a thing.

[@jillric6714]

Fuel is so unpredictable i feel like we need an emergency fund just for this!

[@laurad6395]

I started taking 1/2 of everything I didn’t spend in each envelope and separating til I had a month expense in that catagory, tagged it in my month ahead envelope, continued working through my envelopes until all categories had an extra month in the extra month envelope, marked that for January and started over for a February envelope then a March envelope, goal was 3 months expenses

[@arleenwilliams5600]

This is so perfect and timely! I just reviewed my budget today and realized I had lots of extra money each month which could easily be used for getting a month ahead. I could also use my tax refund, like you said. The visuals were very powerful! Thank you for this!

[@LininUpDucks]

You’re welcome! I’m so happy it helped! Thank you for watching!!!

[@daniellebenning5706]

I love the example! I just started saving ahead it does makes things less stressed! I take each paycheck and pay the bill due, and take the extras paying down on each of bills coming immediately after! Then eventually the whole amount is ready to be sent by the time bill is due! Eventually I’ll be paid waayy ahead!

[@jlfields88]

Thank you so much for such a great video!! This is the type of visual/concrete explanation I need. Otherwise I tend to *think* I understand. Until I sit down to really work out the details and I realize I didn't get it after all. New sub, loved it.

[@livelaughlove4635]

I did this years ago and have done it ever since. Once you do it once it just keeps going. It’s the best way to do it in my opinion.

[@betsy35386]

Yes please do video on stay at home mom jobs!!! 🤞😉😊

[@emmavoels2]

Thank you for the visuals. This helped me understand the concept of a month ahead fund. Now it makes so much sense!

[@awakeningbeauty]

New subbie. Love your channel. Your teaching is so engaging and fun. Great way to share with the kids as a single Mom. Thank you for stepping out to make this channel for us. Can’t wait to see your rv.

[@LininUpDucks]

Thank you! I absolutely value every single subscriber! The rv tour video is already posted! I will be doing a 1 year update in august!

[@PlainANDplaid]

Love your channel! This was a completely random suggestion in my feed, so I hope that means the YT algorithm is pushing your videos and you're successful!!

[@LininUpDucks]

Fingers crossed 🤞🏻 I hope you are right! I’m so glad you found me!

[@Carolmaizy]

Excellent presentation for us visual learners!

[@nancynewman6592]

Great video! I have been loosely following Dave Ramsey for 15 years, and was debt free but for the mtg. Now times are tough but this method has kept me going. It is also excellent for free lance workers, you put the money in the cup after your essential expenses , and BEFORE you think you have spare cash. Sometimes a month can produce very little :)

[@kbanghart]

Good point, I follow Dave Ramsey loosely also, but some of his followers can be very, shall we say interesting.

[@chelsibeingchelsi]

This was such an awesome video! I'm a visual learner and this made so much sense. Thank you thank you!!

[@LininUpDucks]

You’re welcome! Thank you for watching!

[@natezgraphics613]

I just started doing this! But this I was more of a clearer way to do it and mostly for an entrepreneur. My mom uses Envelopes for and example.

[@sadariajacobs1344]

Best flipping budget video: E-V-E-R!!!!

[@LininUpDucks]

Thanks! This budgeting method changed my financial life!

[@CassandraCee_]

Thank you so much for this! As a visual learner this was so helpful

[@tinaannvyze7966]

Thankyou for those of us who are visual learners

[@LininUpDucks]

I am too!!!

[@c2dakeo]

Well explained! I'm Going to start a month ahead fund. I'm short the first half of the month like your example. TFS!

[@LininUpDucks]

Oh great!!! I'm so glad! Thanks for watching!

[@priscillakaufman8917]

We so appreciate all your hard. Work. I'm so proud of you

[@zhernandez8287]

Thank you for this I will be doing a month a head budget starting now for the month of June glad I stumbled across this video binge watching your channel.

[@LininUpDucks]

You are so welcome! I'm glad it was helpful and thank you for watching!

[@trishacarlson4122]

This was a little hard to follow for me for some reason, but I really enjoyed your take on the visuals! I might have to watch it again, but.... It's a nice alternative! The way I did it...was I focused on one bill per month. I paid one year of mint mobile service, great now no phone bill. I paid one year on my remaining subscription. I paid one year on renters insurance. I knocked out all the little bills so I could focus on the larger ones gradually. Now I'm definitely ahead & totally pleased with myself about it. It's such a security! I do make sure to add to the other bills gradually as needed during the times they are not due. Like storage, I am 3 months ahead. Each month gets $50-$100. I think the most important thing about getting ahead is realizing there needs to be some sacrifice. It really took a lot of effort to have this honest conversation with myself! It's like a muscle, the more you use it the stronger you will become.

[@LininUpDucks]

Excellent job!!! I may incorporate some of your ideas into my budget. Thank you for sharing!

[@trishacarlson4122]

​@@LininUpDucks Thank you!

[@servantrose]

wow never thought of this until a few weeks ago. I wish we used our stimulus to do it but now I'm really interested in this and getting 1 month extra mortgage payment in the bank. it doesnt line up with ramsey exactly but i think its a good idea. paying off your mortgage is ofc a superb endeavor

[@LininUpDucks]

It doesn’t really line up with Ramsey but I found with a moving pay schedule doing a budget by paycheck was no longer feasible. This Meath is SAVED my budget.

[@iamaussie]

Wow, love your visual presentation!! It made me understand it!

[@dafam6398]

You are an amazing woman. I understood this so much. Thank you for the teaching.

[@LininUpDucks]

Thank you for watching! And your kind words.

[@corinawohlfert1787]

Thank you! This was so helpful. Even my husband got interested while I was watching!

[@LininUpDucks]

Wonderful! Thank you for watching!

[@doreenmcdonough8404]

I love how you explain everything

[@tonasol9]

I'm gonna watch your video again... I didn't get to understand everything. Greetings from Mexico! I got confused by the glasses you show how to do it.

[@LininUpDucks]

Hello! It’s always fun to hear from my viewers across the world.

[@marianomatsone5946]

Newbie from the United kingdom Wonderful video, and thank you very much for the simple explanation, very helpful👍I will definitely be starting a month ahead fund as I am due a bonus💕 payment next month. Keep up the good work.

[@LininUpDucks]

Thank you! A bonus is a wonderful way to start your month ahead fund and definitely one I forgot to mention. Thank you for sharing your idea with our other viewers!

[@MrKlawUK]

get paid monthly so can’t really imagine how much hassle this sounds like. with autopay for fixed expenses why don’t more employers pay monthly?

[@LininUpDucks]

I get paid monthly now (which is rare in the US) and I LOVE it!

[@JMC.LifeMastery]

Awesome. Great visuals . Very smart

[@evaristolilungwe750]

I Got lost somewhere did not make much sense after a while. will have to Re-watch this some other time

[@LininUpDucks]

Feel free to ask any questions.

[@aleksandra-slon6029]

That was very helpful - thank you very much :)

[@MindYourMoney]

"Murphy Repellent" !! I love that. This video is helpful. My husband and I are now one month ahead but I still have no idea how to handle our paycheck Budgets. Do we roll over the money from the OMA account and count it as "rollover income"? 🙈

[@LininUpDucks]

Just pay your bills directly out of your month ahead fund then replenish it when your paychecks come in so it is ready to go for next months bills.

[@tabbyslifee9760]

This was so helpful thank you ❤

[@lifewithlaken]

Thank you for this!

[@LininUpDucks]

You’re welcome! Thank you for watching! I’m so sorry I’m just now responding! For some reason KZbin flagged your comment as spam 🙄

[@desertlove3350]

Nice. Love it!

[@LininUpDucks]

Thanks!

[@arielgriffin7273]

Love this creative video

[@LininUpDucks]

This method changed my financial life!

[@jonnaborosky8836]

I LOVE this!!!

[@corinneb9790]

I would like to see more on side hustles.

[@LininUpDucks]

I've got one written! Just have to film it. Should be coming up in a couple of weeks after I finish the 2021 budget series. Thank you for watching!

[@nikkiedwards7475]

It’s hard to do that when you don’t bring home enough 😢

[@crystallove4892]

Hi! Super excited to get started towards financial freedom! I’m question the side hustle….. my husband sells plasma 🤣 as his side hustle. But due to an autoimmune disease, I’m not able to do that. I started doing Instacart, but with the gas prices rising, I’m almost to the point of breaking even. So that has become a non option for me. Do you have any suggestions that don’t involve delivery services that a SAHM could do to help??

[@LininUpDucks]

I actually have a video written on this exact topic! I need to film it...especially b/c i've had it written for 6 months!

[@trainboy192]

Where did you get the money for the month ahead fund?

[@LininUpDucks]

We saved everything we could after a small emergency fund. My husband worked extra duty mostly

[@grumpus1403]

Where did you get the little zip line and clips on the wall behind you? Most of our bills are automatic but we do have a few “paper” bills that could be hung in plain view so they don’t get forgotten.

[@LininUpDucks]

Amazon!

[@cecif9419]

Do you keep the month ahead fund at a certain value? I mean other than if you are going for a two month ahead fund or more. I feel like just putting your left over money inside would make it grow when maybe you could be using that money better somewhere else.

[@LininUpDucks]

You can get as many months ahead as you want. I would stick to one month plus an emergency fund until you get out of debt if you have any though.

[@Chuulip]

TIL that in america you don't get paid monthly apparently?? I don't understand! Bills are monthly, why isn't salary monthly?

[@ilikesavingschallenges9306]

First time subscriber

[@LininUpDucks]

Welcome!

[@luislandofficial]

Can u do a 2022 inflation one😅

[@LininUpDucks]

Sure but I will tell you how I do it, I add a small % margin to the total of the bills I have. So at the beginning of the year if all of my bills add up to $1830, for example, I will round up to $1900 or $1950. I’ve the 12 months that amount accumulates and it the extra accommodates for a higher than normal power bill for example.

[@vynaltheworld4092]

I have a question so the emergency fund is supposed to be used before the one month ahead fund or am I supposed to use the moth ahead fund then emergency fund

[@LininUpDucks]

Good question. Two totally separate funds. You use the month ahead fund to pay bills while you replenish the money during the current month to pay for next months bills. Basically you are paying this months bills with last month’s money. The emergency fund is only to be used for emergencies. For example a large car repair that exceeds the amount you may have saved for car repairs.

[@LininUpDucks]

How would build your month ahead fund fast??? Thanks for watching!

[@cherylT321]

I always use my tax money to get ahead of my bills. I get the money in low denominations, then go through my calendar. I use envelopes to put money aside for bills, birthdays, anniversaries, etc. (I also put the envelopes in order, with a postit on the front, stating who the money is for and how much is in there. I get the envelopes for free from my bank). I also just got a longevity pay increase. It was only 27 dollars, but l pretend it’s not there and just use the old amount l was getting; this also helps me to stay ahead of my bills!

[@JustSomeShorts23]

Some months have an extra paycheck, we use that paycheck as our month ahead and we always allocate an extra $100 every month until we get there.

[@greatauntlizbethg9137]

A long time ago id pay an extra 10% on my rent (fortnightly, thats 2 weekly in australia ) then on the 11th due date id have 110% of my rent to put to something else.

[@kbanghart]

@@cherylT321 I'm not in a situation where I can use any tax refund to get ahead like this, at least not this year, but I do have a fun that I can use for it. So maybe I can start the month by using those funds, and then I guess the trick is just to save everything you're paid normally throughout the month for the next month's bills, right? But then the stress of having to pay bills this week or that week is alleviated because you've already paid them all that one shot.

[@cherylT321]

@@kbanghart Exactly! Food is also an area where you can cut corners to save a few dollars, depending on how much you buy, or what you buy. I’m also saving a little bit more during this pandemic because l’m not driving as much as l used to, so l’ve been able to save some of the money l would normally use for gas as an extra savings. So, a few changes can bring in a little extra sometimes!

[@nanettemagno9338]

So, you just leave the money you saved up for Month Ahead in your checking Account?

[@EverTheOptimist37]

I gotta ask a question. So we have 3 incomes, 1 weekly, 1 biweekly, and 1 4 weekly. We let most of the incoming money build up then when the 4 weekly money comes in we pay everything in 1 go (we have a separate account solely for paying bills so the whole amount goes on there 4 weekly and goes out when necessary) and basically go down to zero. Would you say this was being a month ahead or kinda paycheck to paycheck?

[@LininUpDucks]

With the way I am reading your comment I believe the answer is yes. What is the account balance once you pay all of your bills? Also, Are there ever any bills that need to be paid that there isn't money left in that account to pay?

[@EverTheOptimist37]

@@LininUpDucks the bill specific account usually goes down to about £100 the day before we fill it with the £1140 of our bills. Would a month ahead be having the £1140 in there already then adding the new £1140 for the bills? Sorry if I'm making it more confusing.

[@LininUpDucks]

Think of it like this. If you were laid off of your job when you had already paid your bills in one month would you have enough to get you to the end of the following month without having to work a day. It is all in how much padding you want in the account. My husband gets really nervous if ours gets below $500. If the way I'm reading this is correct, I would build up another £1140 and try not to let the balance drop below what one month of expenses are for y'all.

[@kbanghart]

@@LininUpDucks It sounds like you're kind of talking about an emergency fund here, is that right?

[@LininUpDucks]

@@kbanghart an emergency fund is completely separate and should be kept separate and only touched for emergencies. The easiest way to explain a month ahead fund is that you are paying “this month’s” bills with “last month’s” money. It gives you more flexibility in your budget month so your available spending money is not controlled by the due dates of your monthly bills.

[@ameroamigo1]

Did she only pay half of her mortgage?

[@toyabradley5385]

Just finding this video, been trying to figure out how to do a month ahead, but I get paid once a month. How can that work, will it be different?

[@LininUpDucks]

It will absolutely work and would absolutely give you more flexibility towards the end of your month. I would do everything you can to save up your month ahead fund. During your month find your bill account first then break up the remaining money by however many weeks you have until payday. If you cash budget pull out one week at a time from your cash stash, if you debit card budget open a “parking place” savings account that you are going to pull out your weekly amount as you need it. Budgeting when you get paid only once a month takes incredible discipline and planning ahead. You are going to do great!!!

[@toyabradley5385]

@@LininUpDucks I budget weekly because doing it all at once I had nothing left, and one month I got confused and paid my car payment twice. Lol you’re video is one I’ve been looking for, for a long time. Glad I finally found you. Thank you so much. I love your channel. And yes I will figure it out.

[@jamieshannon9809]

A bit late now but you could free up money by NOT doing the restaurant fund and cutting the cable in my opinion.

[@LininUpDucks]

Definitely great suggestions but this was just a sample budget for illustration.

[@jamieshannon9809]

@@LininUpDucks I understand we all have to prioritise in our own way. One of my ways is to not own a Television at all as I have done for the last 13 years. That way I can avoid, cable fees, satellite fees and here in the UK the dreaded TV Licence Fee of £157.50 or the US equivalent of $203.43 per year. And I don't do eating restaurants so I was already saving anyway. Best wishes to you and your channel.

[@bg12445]

Where do you get the red money?

[@LininUpDucks]

That would be your month ahead funds if you have saved it.

[@haco007]

Why do you get paid this way in the US? In germany we get paid monthly 🤔

[@LininUpDucks]

🤷🏻‍♀️ I agree that monthly would be much easier. Some employers do that but most don’t.

[@paulashealthyliving]

It's fairly common. I'm in Canada and found that when we are salaried, it's twice a month. As an hourly employee it's usually every two weeks. Some professions like teachers get paid monthly and they complain about how difficult it is. (ps, I might add that Europe has better holidays than the USA as well. Curious as to the parental leave?)

[@carolyndalton7775]

😊

[@cindybledsoe8878]

❤

[@lolalolita1796]

This video was a little confusing to follow at first because it didn't actually say how to get a month ahead. It mostly showed what it would ACTUALLY look like if you get a month ahead but no HOW to...

[@barbylee8999]

The young Nancy pelosi

[@idaliarice6578]

You didn’t do the mortgage right... you said the balls represent $50 and the mortgage is $1100... you didn’t put enough balls in it should of been 22 balls not 11 as well as another one you did...

[@LininUpDucks]

Hmmmm I’m going to have to watch the video again tonight. I know for certain once I only out 11 I’m bc I was using the bill splitting concept to balance out your monthly bills throughout the month.

[@PlainANDplaid]

if you look closely she's putting two balls in the cup: 1 ball ($50) + 1 ball ($50)= 2 balls ($100) $100 x 11 + $1,100