how I manage my money 💵 ‏‏‎ ‎income , expenses , budget , etc || personal finance in my 20s

Thank you to Nordgreen for sponsoring this video! If you're interested in getting your own watch, here's the link: bit.ly/2MzfvRj and you can use my discount code LINALE for 15% off.
In this video, I show you guys how I keep track of my finances in my 20s , so everything from my income , expenses , budget , net income , and some of the information that I need to do my taxes with when that time comes around ( business expenses , business income ). Honestly, when I was first learning about how to track my money ... I found it to be a little bit overwhelming even though it felt like it should have been really easy . Turns out, once you've set up your system , it can be super straight forward and then it's just a matter of including this into your end of month routine . I kind of wish they taught us a bit more about how to manage finances in school, but hey I guess the internet is a good place to learn. I'm by no means an expert, and this is just what I do , but thought it would still be helpful to some of you or at least give you ideas on how to manage your money! I used microsoft excel for my spreadsheets ... but you can totally use something like Google sheets as well :)
✩ Timestamps ✩
0:00 - Intro
0:40 - What do I use? + important info about my file
1:49 - Personal Finances Sheet : Income
2:20 - Nordgreen
5:40 - Personal Finances Sheet: Income
6:25 - Personal Finances Sheet: Expenses
9:26 - Personal Finances Sheet: Budget
10:05 - Personal Finances Sheet: Net Income
10:39 - Personal Finances Sheet: Bank Accounts
11:27 - Personal Finances Sheet: Credit Cards
11:58 - Business Finances Sheet: Business Income
14:00 - Business Finances Sheet: Business Expenses
15:25 - Outro
✩ GOOGLE SHEETS / EXCEL TEMPLATE ✩
Update (August 2021): Since some of you requested it, here's a google sheets template that you can use for your own finances: docs.google.com/spreadsheets/...
All you have to do is hit "File -- Make a Copy" and you'll have your own copy to edit. I left it the same as it is in the video, so obviously rename things according to your own financial needs (change streams of income, some expenses might not apply to you, different bank accounts, etc.).
If you want it as an Excel File on your computer instead of Google Sheets, just hit "File - Download - Microsoft Excel". I hope that's somewhat helpful to those of you requesting it - might help speed things up! I do recommend you still follow along with the video to understand some of it :)
✩ EXPENSES CATEGORIES LIST SHOWN IN VIDEO ✩
mint.intuit.com/mint-categories/ - pick and choose what works for you! you can also google other ones.
✩ Social Media ✩
Instagram and TikTok - @lina.lecompte
Twitter and Pinterest- @linalecompte
✩ Cameras ✩
Canon 80D w/18-55mm lens
Canon G7X Mark II
✩ Editing Software ✩
Adobe Premiere Pro
✩ Music ✩
Epidemic Sound
Use my referral link for a free month: www.epidemicsound.com/referra...
✩ Social Media Bars ✩
Brogan Algar - her channel:
/ @broganalgar
Keywords: how to track money , how to manage your money , how to keep track of your money , how to track your expenses , how to track your income , how to track your money in excel , personal finance for beginners , personal finance 101 , personal finance for students , personal finances in your 20s , budget with me , money tips , tracking your money , managing your money , money management

[@lina.lecompte]

UPDATE: Since some of you requested it, I have now added a template of the sheet I used in the video in the description of this video. You can make your own copy and rename things according to your own finances. A bit more info in the description box. Hope it helps! Please let me know if for some reason it doesn't work, and I'll try to fix it ASAP.

[@mr.financial]

I like the template! I personally use mint to track my spending, income and net worth.

[@litokoba9976]

Can you please grant me access to it!

[@lina.lecompte]

@@litokoba9976 everyone has access to it with the link in the description box - All you have to do is hit "File -- Make a Copy" and you'll have your own copy to edit.

[@linagarcia1887]

I liked and subscribed because of this , thanks

[@manishchaitanya8348]

thanks for the template! I'm planning to use it as base and automate it bit more to provide margins, cashflow info along with assets, liabilities . If you want me to share this file, please do let me know, I would feel happy to help

[@randiaune5219]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@jamesmurphy9772]

Assets that can make one successful in life

[@jamesmurphy9772]

I.bitcoin 2.Stocks 3. forex

[@lindaedi6320]

@@jamesmurphy9772 You're right

[@lindaedi6320]

But I don't know why people remain poor due to ignorance

[@jameswest416]

please I have been hearing about this Mr Aitor Lorenzo from my colleagues at work. How do I easily contact him

[@Jobson85]

A massive thank you Lina! This advice and spreadsheet has definitely saved my finances for the future!! I have always been lazy with managing money because havent had the need for it. Last few years have been tough since my monthly commisson has changed drastically and I didnt react to it. Started going into debt with budgets. With my calculations I will be debt free in 7 months. Im so happy! Greetings from Finland!

[@srjohnst]

Your template was so helpful! I worked out my spending for the year, figured out where I should cut back on subscriptions, and set up a new blank version with a potential budget for next year. Thank you!

[@lina.lecompte]

Yayyy!! look at you go! all ready for the new year! glad I could help :)

[@teadragonnaahva]

Thank you so much for this video! I ve been looking for a template and a way to track my money, in a way which speaks and appeals to me, and which feels intuitive, without being too overly complicated. Thanks a ton, this has been a great start and has helped me get going!

[@practicalfinance]

Thank you for sharing this informative video on budgeting! I really appreciate the clear and concise explanations, and I feel much more confident about creating a budget for myself. Great work!

[@ConnorsHike]

I love the music you chose! Your whole vibe is amazing!

[@user-gz5mx2nd5p]

this is the best one I have seen. I needed something simple and cannot find anything

[@eugeniayglesias3735]

Wonderful! You are very talented and you explain the topic in a friendly manner. Thanks a million

[@gwahidi5004]

That had to be the best commercial I have seen in a loooong time. Thanks for the great work.

[@DaphneRoxanne]

Thank you so much for your explanation and template! KZbin recommended your video to me so it's my first time visiting your KZbin channel! I loved your video and just downloaded your template! it's amazing and so easy for a finance noob like me!!! many thanks and you just got a new subscriber here!!! love you and will be supporting you!!! you're so awesome

[@user-ge3lw9rj6l]

Thanks a bunch! I've been looking for a way to sort my money out and how lucky I am to find your video! Best of luck🥰

[@Arman-xy8tr]

Thank you. Useful table, as an option it would be nice to make a distinction between bills and contingencies, plus add a separate column to the bills with their due dates, just to remember when to pay.

[@annalisevanderwel9553]

I wish I could like this twice! been searching for a video just like this!

[@GeorgiaSamin]

Thank you for your videos, it help me a lot especially the pattern. You are amazinggg

[@maddyc2025]

Really appreciate this. Seems pretty sustainable and straight forward to remain a consistent habit.

[@u140550]

I generally budget in my head, and write things down; but as of recently I’ve gotten into a few different income revenue from different things. So now I feel like I need to excel or google sheets it, thank you for the tips. Also in a yr or two (kinda late, but because of life) in investing in a Roth IRA for retirement. I’m a new sub!!!!

[@greencoffee9373]

thankyou so much for this,I saw lot of videos but this one is what Im folowing.Its so simple to undertsand😀

[@thefunnystuff1010]

Thank you so much for offering this info. It helped out a lot! :)

[@vwonline1781]

Thank you. Exactly what I was looking for. 💓

[@Amelias_Edits]

There’s also a ‘sum’ button in excel which you can just click, whilst the values you want to add up are highlighted. It’s a Sigma symbol in the top right.

[@shrutibhanushali4254]

Thanks for sharing tips on how to track expenses. That was by far the most sorted way to do it.

[@lina.lecompte]

you're welcome!! happy it was helpful :)

[@AlexDKennedy]

Thank you for this ! I'm watching this to kick myself in the ass with my expenses!

[@angeld529]

your editing is so good on this video!

[@lina.lecompte]

ahhhhh thank youuu!

[@eniumo210]

thank you very much. This really helped in more ways than one. I've been looking for these types of videos and this is the most efficient by far, thank you

[@moniquemendoza3958]

Thank you so much for the Google Sheets template, it has helped so much!

[@destrada596]

Thanks for this. It's helpful, I been trying to see more into tracking my money

[@lina.lecompte]

You're so welcome!

[@SofySong2]

thank you Lina!!! I just move out from home, that's definitely a useful tool/ skill for me to study money,and live in abundance !!!

[@lina.lecompte]

You're so welcome! glad its helpful!!

[@vincent6370]

simple and elaborate. Settled on this template after searching online

[@dntl408]

Thanks for your video! This is super helpful!

[@differentresults2279]

Greetings, thank you for this video. I now have made my own trackers. Thank you

[@danielngondzi6654]

thank you so much I definitely needed it

[@developerpranav]

Thanks, the business expenses sheet in the last is helpful :)

[@PhillipJordan]

thank you for this!! I just graduated college and am trying to get my life together! Your spreadsheet helps a lot!

[@lina.lecompte]

so happy to hear that!

[@Ruffles729]

Lol literally same.

[@Wonderwomanfiit]

Hi Lina -- this template was super helpful, thank you so much for sharing! Just had a quick question on the Credit Card section. I'm trying to keep track of how much my CC spend is but also have it be included as part of my overall spending (as I will be using money from my checking account to pay off this card every month). Not really sure the best way to go about tracking for both at the same time without double counting? (Not sure if this makes sense).

[@gabrielito4289]

awesome, thank you so much for sharing with us that useful tool.

[@marysbite]

Thanks dear now I found the very basics and clean excel sheets new fan here 🙂

[@liumichelle273]

love it! thank you for sharing

[@syafa9343]

first of all, you are so beautifullllllllll!! i love your accent and it is easy to understand and thanks for this tipss, i will definitely use it from now onn

[@lina.lecompte]

awee thanks so much! glad it helped!

[@vodkaplease3993]

I definitely should start making spreadsheets as you did.

[@manishchaitanya8348]

i like that u put OUTRO as a timestamp! its interesting. By the way, i like the innocent honesty with which you explain

[@jf9763]

Thank you very much this was a great help!

[@steve_sone]

Thanks a lot now I have a clear picture of where my money goes

[@TheLichKng64]

I came here to see how other people do their finances, thanks for the info.

[@happylissiii]

thank you for saving my life!

[@fernsinive5104]

Thanks for this useful content ❤

[@budgetboxuk]

Forget typing sum and brackets etc when wanting to add up just select the column or rows and add an empty box at the end then click auto Sum or the Greek E button and it adds it up for you and fills that number in the empty box. Bit easier.

[@lina.lecompte]

ahhh that's way easier! wish I'd shown it that way in the video! thanks for the tip!

[@vivianreynolds7514]

This was very helpful! Thank you for providing your sheet for free! Subscribing and liking for this :)

[@PawirodinomoM]

Thank you so much for this

[@aleksandra-slon6029]

I like it - it is easy and well explained

[@financialfreedomin7years]

YESSS! Excel helped me a lot in tracking my finances. It's such a huge tool, which can do almost everything :)

[@Ksherman276]

This was genius! Thank you!

[@user-df4nz3ui4q]

you are a very interesting person and this video helps me a lot

[@lailaresende126]

This was so helpful!!!!

[@DurgaPrasad-zs6tr]

You look great. You sound great. The purpose I was here not fulfilled. But I got positive vibes from you hence subscribed.Thanks.

[@JamesLee53]

Ran into your video after I acquired a business half a year ago. Would be interesting to know what your spreadsheet looks like now and/or if it’s gotten refined (or if you have a bookkeeper handling everything)

[@lina.lecompte]

my personal one is pretty similar but my business sheet is quite different now! I just had to adjust as I learnt more, I still handle it all on my own. But I haven't been doing KZbin consistently for a while now, so not sure that I'll make a new video on it!

[@TanyaticASMR]

Very very useful! I loved your video and how you thoroughly explained the business and personal parts. Thanks also for the template!

[@lina.lecompte]

glad to hear that!! you're so welcome :)

[@jeniffer3564]

This really helped me see how much I am spending per month. oops! Thank you!!

[@ma.cristinaandaya3268]

Hi, Lina! Thanks for sharing. Plus you are so gorgeous. I love how you discuss everything and love how you speak. Hahaha *fan-girling*

[@ItsDraakke]

thanks! this was a great tutorial

[@kellybramm]

Thank you for the template. ❤

[@user-ez1bb8ks3b]

thanks for helping me organise my life

[@lina.lecompte]

ahh this makes me happy! thanks for watching!

[@marinakoerich]

Thank you, Lina!

[@strangergranger10]

What an amazing tutorial and a spreadsheet. I only have one question, when it comes on putting your income sources, are you putting them on gross income or net income??? Assuming someone with a regular job and investment or side hustle, for a job it will be tax right away, in short, net income. On the other hand, making an income on investments and side hustle, such as, capital gains and dividends is I consider gross income. Also, it will only be tax on filing season. Which part of the income should I put on the spreadsheet, the gross/pre tax or the net/after taxes to make everything accurate??? Thank you and have a great day.

[@KenyiKubari]

Ayo I been watching u for a minute now and just wanted to tell u ur killing it

[@lina.lecompte]

thank you so so much! I really appreciate that :)

[@Travelgal23]

Great information Lina, I am a bit old school so will use your template. Thank you very much for sharing. Love the watches also🤩🤩

[@lina.lecompte]

Glad it was helpful!

[@tommaxwell4966]

Thanks for the tips and spreadsheet! Very helpful :)

[@morganfields471]

Starting to get my life together and working on savings and budgeting Is my first steps! Love the video!!

[@ricagutierrez356]

Thank you, Ms Lina 🥺

[@tareka4374]

you're right, there is a better way to do it. I was doing it like you and now it's all automated for me. If you're interested I can share my template with you.. it gives you a dashboard too. All in google sheets.. all you have to do is do the daily journal entries and everything else is automated.

[@Raidenthekitchen]

I'm interested!

[@JuicySmoothieFruityBoy]

Can you share this template please?

[@iswaryanandini2171]

I am interested

[@thomasmoh1505]

Im interested

[@andreavargas8608]

i am interested

[@antonnovo695]

Thanks! Thats exactly what I needed. )

[@asasin4301]

Thank you for the video and the sheet ! Made my day better!

[@user-jg3od9dp5o]

There’s an option on the top that sums them all up, average them, and more. That would be easier than doing all of that!

[@timothyking1198]

For eating out I put in Food and Drink as a category.

[@hishiko]

Thank you so much for the spreadsheet, you're the only one who linked it for free and i appreiciate it so much as a fresh graduate student who's struggling living alone. Also thanks for the financial information :)

[@lina.lecompte]

you're so welcome!! I totally get how it can be hahaha thanks for watching :)

[@designbyodo]

Thank you Lina for the great content. and thanks for the watch, awesome product love it.

[@igorschimidt1985]

Thanks for the tips! Just a suggestion that will make things easier for your subscribers: Sharing the template of the sheet you used in a video will be very helpful to people who enjoyed your model and want to start using your template, so they don't need to spend time going through the video to make a similar template, instead they can just download it.

[@lina.lecompte]

Oh this is a really great idea! I didn't think of that when I was making the video. I might do that soon, thanks for the suggestion :)

[@igorschimidt1985]

@@lina.lecompte You're welcome!

[@tealucijaivic9985]

@@lina.lecompte you can just import/copy the excel file into google sheets, so everyone can make a copy for themselves

[@santhiyahmarymuthu4067]

@@lina.lecompte Hey Lina, have you included the template? Would be really grateful if you do

[@lina.lecompte]

@@tealucijaivic9985 Hi! thank you for letting me know! I just did exactly what you said :) I've added it to the description box. thank you!

[@jaimelopez3991]

Well.... first of all, you're adorable... second, I'll design my expenses sheet based on your clear and concise explanation!!.... Love from Spain

[@rashadcash3337]

wow, thanks for making life so much easier for me. I've been doing research on different book keeping practices. And I think this is much more manageable for me to take on.

[@michaelanthonygutierrez]

Not sure of you mentioned bills. not many channels mention internet bill. Good info 👍🏻

[@chimproshi6181]

That intro was 🧼 clean 🤩

[@chrisfutrell6920]

Good video, great breakdown 👍🏻

[@giancarlosmorales3245]

Appreciate for the simplicity !

[@Lita1]

YEAS THANK YOU that's what I was wanting to do with Excel lol I liked this video yes!!!!👍😅

[@rotblush]

Hi Lina! Thank you for sharing your insights! It was nice watching a system based on a creative career (: Wish you all the best!

[@lina.lecompte]

Hi! thanks so much for watching! Yes, definitely a bit different from what other people might do haha, but it's what works for now!

[@dswalkij3201]

Thank you for your template!

[@DiLLZGFX]

Is there anyway of importing your credit card details into excel directly and sorting them into the different categories?

[@rodricutz737]

helpful thank you keep grinding

[@elenauchida9042]

Really simple and I think I can be consistent with the way you managing money;) I will use your tip😍thank you

[@elaiinarosee]

Thankyou so so much for the video and template Lina! I am new to this entirely and have watched a few other videos, however this one of yours is the first i have actually understood!! ☺

[@lina.lecompte]

thank you so much for letting me know this, it makes me really happy to hear this!!

[@maha-tg7df]

the editing is superb

[@t.r.6157]

I am almost 21 and dont do half the stuff you do. Keep up the good work, proud of you famm 💪🏻

[@lina.lecompte]

I started doing this when I was 20-21, so you can definitely get on it! thanks so much!

[@budgetwitht6947]

I’m 21 and just started my own zero based budget!! sine starting 2 months ago, i have been able to recover from a shopping addiction and lazy spendings! I will never go back!💰✨

[@jozdnastyb2432]

Love this video. very informative, watching all the way from PAPUA NEW GUINEA...

[@skirolf]

Keep track of income and expenses is easily done by categories and sums like you showed. But the tricky part is to know your balance on each of your credit card and accounts continuously. How do you do that in excel?

[@teacherj.]

Tahnk you for it!!

[@alliecrawford3142]

I WISH gas just cost 100$ a month. 😂 Great video!

[@michealwolverton6441]

The editing is insane hope to learn something to help with my channel from yours you’ve definitely earned a new sub and the financial information is great.

[@moonstar4605]

Great vid!

[@MarkNealJr]

I'm also still hanging onto the "eating out" expense lol! I hope you get to use it soon! By the way, the sections with the music is catchy

[@lina.lecompte]

I'm slowly starting to use it as things are opening back up haha finally!! and thanks so much, appreciate that :)

[@MarkNealJr]

@@lina.lecompte what's your go to place to eat??

[@JorgePiedra-DGO]

I came for the knowledge but stayed for the smile 👍