How to Create a Budget

[@Yocheese11]

Thank you Laura, your video on paying off a mortgage actually motivated me enough to attempt to make changes, but its pretty overwhelming trying to figure out my numbers and how to change everything about how and where I pay my bills.

[@kjvisual7]

Thanks for the spreadsheet. I have avoided budgeting from the beginning. But that is all beginning to change. Finally! Your videos are instrumental with helping me build a new future. Thanks!

[@GretchenCornwall]

Thank you for taking the time to create this budget sheet. I'm not very good with Excel and this will help considerably.

[@DavidSmith-vo3nd]

Thank you Laura Pitkute! Your videos help a lot!

[@laurapitko6404]

Thank you David, I am happy to hear that!

[@Jesus-eg3yb]

Hello Laura, can you do a video on paying off a car loan smartly?

[@themichaellindell]

Hi Laura - in a past vid you spoke on paying off a home in 5 years using a credit card. I’m curious if the same principal should or can be applied using a secured credit card. I was thinking of adding funds to my secure card but was sure if it’s worth it to do considering I’m paying interest on my own money. Please share your thoughts. Thanks!

[@OPTIONALWATCH]

I only created a budget one time and it was when I was out of state in college. I managed to survive on 9K , and 12K a year, respectably on my last two years in 2005-2006. I rejected anything that meant I had to pay to get in and had more than a few ramen noodles as well.

[@CC-ck2st]

I have some debt but want to save for a deposit for a mortgage- what should I do please?

[@ernestmartinez9595]

I love your videos 👍 they really make me stop and think about my money management more in depth! Thank You for sharing your knowledge Laura!

[@JClark-um6bw]

I stumbled across your videos and so glad I did!!! Excellent explanations!!!

[@BowserTrades]

How can I make a budget if my income changes week to week depending on how much overtime I work. I usually work between 40 and 60 hrs a week .

[@niklas-genesismawanda7422]

Thank you for the videos, am planning on buying a house and your bank of knowledge is exactly what i needed.

[@laurapitko6404]

Happy to hear that!

[@RissePeace]

Laura, how do I make a budget work for me when my income fluctuates? Also what do I do for certain bills that fluctuate (i.e electric or grocery) Do you have any tips for that? Thanks for the knowledge!

[@dajemuinfin1842]

Thank you Laura. God bless you.

[@pedrosaulmx]

Laura, great advise! What would One budget for a Nice vacation. Is that a Luxury or Life Experience...

[@pakosilva373]

Hey ..I hope you are having a wonderful day... I do have another question/suggestion for another video...it is better to save money to buy a (new) car in cash .or it is a way of borrowing money from the bank that will not take all your money away

[@laurapitko6404]

There are a few strategies, if you pay cash you will capture all of the interest savings, however you can purchase your car now and use the velocity banking strategy to pay it off quickly and still save on interest. There is no way to borrow money with out having to pay interest you can get a 0% introductory rate on some products which you can take advantage off, but that introductory rate is only for a short amount of time.

[@pakosilva373]

Thank you again..for sharing your knowledge. keep up with the great videos 💌

[@2phalanges]

can you do more videos on get the most back on our income tax returns? thanks!

[@Valeriefsj1]

Hi great video, but I can't input anything into the budget. What should I do??

[@laurapitko6404]

Please copy and paste it into a blank Google sheet, this way you will be able to edit according to your needs.

[@kaylam.7113]

What do you mean by ‘lifestyle creation’?

[@adillhaddaoui]

Hello, there are some expenses that needs available money in the checking account so we cannot take all the income and send it to line credit. Also, i have 3 cc that i use regularly but end up paying only the minimum due, is it safe for my credit score to transfer 2 of my cc into one credit card? and pay just one card more than minimum?

[@laurapitko6404]

Hi thank you for your question, you will still deposit your monthly check into your checking account then as soon as you do you will move that money into your line of credit account in my video that line of credit is a credit card for this strategy to work one has to move their entire monthly income, to pay loan payments via credit card one option is to link the credit card as overdraft protection to your checking however not all banks allow you to do this if your bank does not than you can utilize other financial tools like paypal or another line of credit account like a home equity line of credit or a personal/business line of credit. Generally creditors want to see 50% or less utilization ratios on the credit cards, so if you transfer all 3 credit card balance on 1 card the debt to income ratio will remain the same but your utilization on your credit card will go up, but every month since you will be depositing your entire monthly income towards it that utilization ratio will bounce around, this strategy will allow you to eliminate debt with speed, the first couple of month your utilization will be above that 50% which may bring your score down, so prior to implementing consider what your financial situation is and what will work best for you in what you wish to achieve, best to consult a competent financial professional to evaluate the outcomes for your financial situation. All the best.

[@adillhaddaoui]

Laura Pitkute Thank you very much for your help

[@sdmarcos13]

would or do u advise people with specific numbers, with their actual income, using the line of credit method?

[@laurapitko6404]

Hi Marcos, there are a lot of different approaches you can take with the use of a line of credit I do not know your specific number, but a line of credit can be powerful and which ever line of credit would work best for you would depend on your financial situation. What I mean by that is you can use a credit card as in my video or you can use a personal line of credit or a home equity line of credit, it all depends on what you can get from your bank and also it is not so much about how much you make/ month in net income, but rather what your cash flow is left at the end of the month, I am going to be putting out another video going into more detail.

[@Sunshyne777]

Very helpful. Thank you for your explanations. I was wondering if you have any advice for single parents. Would your financial strategies be the same for saving and paying off a mortgage with a single income? Any advice would be great!!

[@laurapitko6404]

Thank you for your comment I will consider your question for a video.

[@michellepaltinavich2275]

I appreciate all of your help !

[@Fishaq]

Hi Laura, I was able to download the spreadsheet but, it will not allow me to edit it. Thanks.

[@laurapitko6404]

Hi, please copy and paste it into a blank google sheet, that should allow you to edit it.

[@Fishaq]

Laura Pitkute thank you. I’ll try it👍🏼

[@gurupdeshsinghbedi5721]

Your video how to pay off home mortgage in 5-7 years does not explain the total amount of interest will be paid at the rate of 21% each month on the credit card balance (in your example it was: $12,000 minus $5,000=$7000) of $7,000 will be? That component seems to be missing, unless I missed or did not understand the concept fully.

[@selecta12gauge1]

thank you Ms. Pitkute, it helps

[@nicksalazar6444]

I love looking and listening to this smart beautiful creation God does create the most beautifulist souls

[@snapsbymeli]

How do you do this with a car or student loan

[@laurapitko6404]

I am releasing a video on " How to pay off student loans next week"

[@sd3404]

Do you have advice on where to put extra cash after being debt free? Savings,certificates or what is a good recommendation.

[@laurapitko6404]

After you saved up a reserve of enough money to cover all of your monthly expenses for at least 6 months invest your money, my expertise is real estate I will make more videos on this topic. Thank you for your question.

[@garfield8900]

Real Estate

[@hugomartinez1799]

Alot to learn iam trying to fix my credit to get a home Wana get debt free

[@asianremixdavid]

great information you gained a subscriber :) keep up the great work

[@harikrishnan9713]

A nice video on budgeting . The app would be of much use. Thank you & best wishes !

[@randymeeks6778]

Would you be able to do some videos on real estate investing?

[@laurapitko6404]

Yes!

[@tinashechimenya8558]

Thanks Laura

[@Jas-qm4cg]

Waiting on you to post a new video! Can’t wait🤗

[@OnlyMyOpinion]

"Great content videos!"👍👍

[@jgutierrezj3693]

Thank you, I was able to download it! However I’m still waiting for the answer to the question I did to you on FB 🤔

[@laurapitko6404]

I am reviewing your question right now, thank you.

[@jgutierrezj3693]

Laura Pitkute thank you, it’s about the previous video (banking velocity) I just wanted to know how to pay a loan with my cc. That’s all, any resources are appreciated

[@laurapitko6404]

Please see your Facebook notifications, I just answered to your comment and let me know if you need anything else. All the best.

[@jgutierrezj3693]

Laura Pitkute right on! That’s what I needed. You rock girl! Thank you

[@mpastorek]

I need another plan, Mortgage Holder will not accept payment by Credit Card and I can not get a HELOC because I did a bankruptcy 8 years ago.

[@laurapitko6404]

Hello Michelle please link your credit card as overdraft protection to your checking account.

[@khurramshakoor]

for every transaction, chase bank is charging 35 dollars. I am sure you are aware of this thing? can you explain this to me? Thanks

[@OnlyMyOpinion]

michelle pastorek if you haven't been able to solve this problem yet, you might try this. Contact your credit card company and ask them to send you a couple of credit card checks. They use to do this years ago and I'm pretty sure they still will. Simply right the check to your mortgage company as a principal payment. If that doesn't work, write the other check to yourself and deposit it to your bank account and then write a check from your personal account to your mortgage company. Good Luck and never give up!

[@laurapitko6404]

If there are fees your bank is charging you then look into getting a personal line of credit or a home equity line of credit account as those accounts act like checking accounts.

[@maxmeridius2655]

Great job!

[@2peoples]

Great video thanks for sharing it

[@ameerkhwin8788]

Can you make a video about investing

[@laurapitko6404]

Yes working on putting a video on this for next week.

[@philipfromthephilippines568]

You are amazing!

[@danielmedina8078]

Great video Laura! I downloaded the budget chart but its lock for editing. Is this just a sample chart or can u unlock it? Thanks

[@lety2340]

Daniel Medina, You may be able to copy and paste it in a new document. Edit in a new document.

[@danielmedina8078]

It worked thanks

[@lety2340]

That's great!

[@sergiastarr9753]

Thanks. This worked.

[@pakosilva373]

Hey beautiful lady. , I did ask for this video .have a wonderful day thank you for your help

[@bugga6130]

how can we get some advice on email/phone abut some business , i will pay for your time from australia

[@laurapitko6404]

Please email me at [e-mail]

[@bugga6130]

thanks

[@jtadventures1]

How do you have so many subscribers with only 5 videos?

[@laurapitko6404]

One of my videos "How to pay off your home mortgage in 5-7 years" got over a million views and that helped me build my subscriber community.

[@kin9karn4gw]

smart and easy on the eyes. winning combo if you ask me. Keep more videos coming please.

[@DivineTrueGod]

i think i'm in love again! :-)

[@diegogarces3654]

Me too

[@pentagrammm5205]

Subscribed!! ;-)

[@nalawms8767]

❤❤❤❤

[@mironyuk]

I just realized your a Raw Vegan

[@arxienneromanova9566]

Thats nothing really. There are literally billions in poor countries who are also like that.

[@osirow]

You are gorgeous!

[@romanavila8784]

Super pretty too

[@adonaymolina7966]

Ur cute