yay kchoi is sponsored!!! been following you since london vlogs!! so proud of you and thank you for this helpful video!!
@bykchoi4 жыл бұрын
thank you for the support!!! 😭
@goandrewgoh4 жыл бұрын
Thanks for another great video! I use Mint for my budgeting and it's been pretty ok. However, the best budgeting and financial planning method for me was reorganizing (or cleaning) my relationships with people. This may sounds a bit harsh, but there are people that just aren't helpful when it comes to personal finance 😂😂😂
@yee2minty4 жыл бұрын
I make my own spreadsheet... 55% of my paycheck goes to savings (50% for my mom and 5% for me), then I have about 45% to spend (37.5% goes toward bills/necessities, and then I have 7.5% going toward my wants/splurges). There will be times where my bills goes over, so I just cut out on splurging/treating myself. However, there will be times I also splurge a little more so I save on grocery. Basically the same concept you did... since I have control of my money. I don't feel panic when I do get in the red, just kind of readjust!
@bykchoi4 жыл бұрын
Amazing!! Thanks for sharing :)
@emmanuelmonteclar53704 жыл бұрын
idrk what to say in this comment because I HAVE SO MANY POSITIVE THINGS TO SAY ABOUT KCHOI yall!! like damn. thank u for existing in general. i also wanna comment on how relatable u are in your videos...i think a lot of youtubers don't understand the importance of that - its really how you build an audience. you gave me confidence in my pursuit of an english major and a boat-load of helpful tips and advice. i look up to you a lot :')
@bykchoi4 жыл бұрын
Awww thank you so much!!! This means a lot! 😭
@niteshsherchan68304 жыл бұрын
Hi! Kristina, how are you? First of all you look good on those glasses. Yeah, paycheck, savings and payout previous bills, why it is so important and how to manage it really matters in our day to day lives and take control of it. Thanks for sharing the Four roles of budgeting, it's a new technique and effective ways of of Savings, Budgeting and Money Management. Also, you have shared your past and ongoing experience of spending and money savings. It's helpful and insightful. You have an excellent knowledge of it. I have a family cousin, Uncle who is an Architect, he used different method, for example; after many years of working in the field, he is able to save the same amount of money received from his salary, the same money he is able to save it and the same amount of money he uses for spending. Which means, he has enough money to spend, at the same time he saves and spontaneously earnings comes up the same. He is able to take care of all three areas. I think, to apply this technique one needs to have a high-income and at the same time skills of Money Management. What do you think?
@ChristianReuben4 жыл бұрын
I love how simple + straight to the point your videos are. Well done.
@bykchoi4 жыл бұрын
thank you!!
@shaneikiyasteel70733 жыл бұрын
Ahhh!! This has been so helpful! I'm trying to re-budget so I can move in April! I guess I have kinda always done the envelope method but I've also been hard on myself too and put too much money toward a particular bill and it has wound up setting me back one way or another. Thanks for sharing YNAB, just downloaded it. Thanks for always being so relevant and honest!
@willaguila4 жыл бұрын
I just started YNAB last month. It’s amazing! Such a life changer!! Thanks for promoting it!!
@bykchoi4 жыл бұрын
I love ittttt!
@willaguila4 жыл бұрын
The thing I love most about YNAB is you can set up your groups/categories the way it works best for you. And when you have to “roll with the punches” you can easily move available amounts around to cover your overspending in a category. It takes a good month or so to really understand how to use it properly but now it’s second nature. I immediately pull up the app and record the transaction at the grocery or restaurant or bar right after I spend it!! Also. It helps me to spend available cash wisely and not have to rely on credit cards. So awesome.
@bykchoi4 жыл бұрын
@@willaguila exactly!!
@marcellareyes8924 жыл бұрын
I was excited to watch this and now I’m like wow you also use YNAB 😂😂 it’s helped me save for vacations, I love their blog posts. Also their Facebook group is great!! Super inspiring when I’m feeling unmotivated.
@bykchoi4 жыл бұрын
Yay!!
@marcellareyes8924 жыл бұрын
@@bykchoi The only struggle I have is actually entering transactions - I know some people can do that after every transaction but that's hard for me. Do you reconcile your budget like every day? Or once a week?
@bykchoi4 жыл бұрын
@@marcellareyes892 I try to enter my transactions immediately! I do it maybe 80% of the time? It stresses me out when I don't do it right away. Feels so much better when I'm just approving the transactions that I already entered vs. assigning them categories hahaha
@dainkang63704 жыл бұрын
Thanks for helping me budget!!
@Dio-in4zy4 жыл бұрын
Thanks for sharing, this was very helpful! I look forward to trying YNAB :))
@bykchoi4 жыл бұрын
Yay! Good luck!
@kevinc.234 жыл бұрын
Income - Savings = Expenses, meaning savings first before expenses. Another one is 80/20, 80% for expenses and 20% for savings.
@bykchoi4 жыл бұрын
yes, always savings before expenses!!
@believer74954 жыл бұрын
Great tips 🙌🏾 As a side I’ve been watching your vids for a bit now. My job is switching to google so we’ve been having tons of live trainings online. One of the trainers introduced herself as a change management consultant. I was thinking oh I know what that means 🙋🏽♀️
@bykchoi4 жыл бұрын
Hehe yay!!
@dearsaturdays4 жыл бұрын
This is so helpful!!! And thank you for introducing me to Warby Parker glasses! They look so cute on you and now I want to try pair!
@bykchoi4 жыл бұрын
🤓🤓
@Janfilms_4 жыл бұрын
your videos are srsly so amazing and useful for the younger generation!! thanks for your effort!
@bykchoi4 жыл бұрын
ahh thank you so much! 😊
@rgta264 жыл бұрын
Can I just say that I'm genuinly happy that you get sponsored? cz I think you really deserve it since you always create helpful and very informative videos. ;")
@bykchoi4 жыл бұрын
aww thank you so muchhh!
@Jen188124 жыл бұрын
Congrats on the sponsorship!!! So well-deserved!!!!
@bykchoi4 жыл бұрын
Aww thank you!!
@RafaelColladoLemon4 жыл бұрын
This video came in CLUTCH. Thanks a bunch!
@bykchoi4 жыл бұрын
yay!
@alphadevoir63104 жыл бұрын
I liked the envelope method. Kchoi you should make a video on the top schools in the U.S. for consulting.
@bykchoi4 жыл бұрын
good idea! :)
@Ricccardo804 жыл бұрын
Great video!!! 🙌🏻 Thank you so much! The envelop method is a great idea and I love the idea of proactively budgeting. You are great 👍🏻 Once more, thanks so much for this video.
@bykchoi4 жыл бұрын
Thank you!!!
@Ricccardo804 жыл бұрын
kchoi 😊 🙇🏼♂️
@analogs83474 жыл бұрын
Hi Kristina!! Love this so much, this is very helpful. Looking forward for your future videos about investing as well? ;D Love ya and take care always. *hugs*
@bykchoi4 жыл бұрын
yes need to get on that!! Hahaha
@safaaelgoutaya85574 жыл бұрын
Thank you ...hhh I was wondering how can I manage my salary and control my emotions and my Love to spending money hh on fast food hhhhhhh
@bykchoi4 жыл бұрын
it takes work but i find that using the envelope method lets me spend in cateogires (like dining out) more freely because i've already decided how much i can spend for that month/period! i have to have self-control in how much money i put in that category though hahaha
@DigiGlenn4 жыл бұрын
Hi, I want to ask if the salary u received are an average salary for a working people on the country, or is it higher than average? I'm thinking on going to UK so just wondering
@bykchoi4 жыл бұрын
i would say my salary is average for a consultant but above average in the US overall (at least that's what a quick google search of "average US salary" tells me! haha). i'm not sure about the UK, though.