2023 Yearly Budget | Single Income Yearly Budget | 39,000 THP

[@carolb9234]

Doing a yearly snap-shot budget can really be an eye-opener! Two years ago I paid off my car and two months ago the house, it's so freeing. Channels like yours have inspired me. I have never had any premium channels like Netflix, Hulu, ect and don't plan on picking them up even though I can afford them now. Also when I paid my car off I started putting $200 a month into savings for the next one. I have not always been this disciplined, it's taken years to finally get serious. You can do this Lisa!!

[@arthrodea]

I also dont have Netflix or Hulu I pay 99 cents a month for Apple iCloud for my phone storage. I enjoy lots of free stuff through KZbin. I haven't add any type of TV, Cable, or subscription video programming since I moved out of my parents house 20 yrs ago. Its just not an expense I can justify.

[@carolb9234]

@@arthrodea Totally agree with you! I haven't been without cable tv for as long as you but I did cut the cord at least 15 years ago. Before streaming came into the picture I use to go to the library and rent movies/series; unfortunately my library is not free like many others but the rental price was very cheap. Once you get use to being without for awhile, it becomes the norm.

[@arthrodea]

@@carolb9234 Yes, I used to use the library more - mine was always free. Once I moved out, and had no TV - I realized how much time I was wasting watching TV! It forced me to read and study all through college because there was nothing else I could do at my apartment LOL! And then it just got to be the norm, like you say. The only reason I pay for internet is that I really have to have it for work. There were some random months when I cut out internet and tried to just use my cell phone for internet connection, but it is really hard to type on a phone (those were months I was trying to really really be frugal!).

[@matemahe]

@@arthrodea Ppl feel I'm weird but yt has so much & I only have so much free time

[@khsk]

Hi Lisa! Our biggest goal for 2023 is to finish our Emergency Fund. We started working on this in September of 2022 (after we finished baby step 2) and are expecting to finish baby step 3 in June. Then, we'll begin saving for retirement. Our first child is coming in April, so we'll start 4 and 5 once the emergency fund is done (we don't have a house yet - nor are we looking to buy one currently).

[@BonniesJourneys]

I haven’t ever done a yearly budget but this has inspired me to do so, so that I can map out my goals for 2023.

[@Mushkiepotamus]

I am 62 yo, retired and just living off social security and retirement savings to bridge me until my pension kicks in at 65. Since I am too young for Medicare, I have to pay OOP for my insurance - so I had to make a 2023 budget to determine my “income” for the ACA healthcare- the premium depends on the income. I loved it and helped me get real about what were my fixed expenses and what I could “play with”!! I have no debt- my 2018 car is paid off, my new home is paid off (I sold my big expensive home in Seattle and paid cash for a new home in The Villages Florida❤❤❤) and no credit card debt= FREEDOM!!!

[@LisaMarieBudgets]

Freeeeedom indeed!!!!!

[@kierstenbrowne]

how does youtube know i start a new job tomorrow with this pay.. and that i was just making a budget for it..

[@LisaMarieBudgets]

That’s crazy!!!!!

[@kap319]

It may be too close to the end of her Masters to make too much difference, but college students can get Amazon prime for $7.50/month. My kids are both just finishing up college, but we have used their student accounts for our Amazon prime access for a few years at the cheaper price.

[@LisaMarieBudgets]

She graduates in October. Almost a year! I’ll ask her.

[@judyland-obrien4259]

I'm going to do my yearly, monthly and weekly budgets the day after Christmas...you always inspire me , Lisa!! Thank you!

[@veronicastigger7947]

Definitely going to do this

[@Katiedora122]

I love doing annual budgets. I wasn't too consistent the past couple years (I moved, I got a new job, then I moved again lol), but I was just laying it all out for 2023. I'm still trying to figure out some of the bigger expenses, but I have a good feeling about my potential savings rate!

[@eccabaybudgets]

I just started budgeting this year and hadn't thought to do a yearly budget. Thank you for doing this! I'll be working on mine soon.

[@wlj4501]

You are doing a great job and are proof that it's not about the amount you make, but what you do with it.

[@pqtaxmom]

Kudos to anyone that’s doing a yearly budget ❤. So many people are doing monthly budget but not yearly budget. I’m not opposed to monthly budgeting but I highly recommend a yearly budget.

[@BLUEGREEN65]

I’m fairly new to your channel and have liked and subscribed. That’s a good idea to do a yearly budget to get the big picture. I’m going to work on that today😊 Thanks for the awesome idea! I’m 57, will be 58 in March. So I’m guessing I will have to continue working for 8-10 more years. So I’m trying to save as much as I can in that time as I would like to relocate closer to family. I’m currently renting my apartment. Have a great day!

[@aaronhudgens8345]

I like this idea. I’ve never done a yearly budget. It’s very eye opening. Just glancing at your budget I noticed you’re paying more for lawn care than you have listed as savings for your ultimate goal ( house). I appreciate that you said a lot of the items are not necessary and that you might be cutting those. Thank you for being so open and sharing your actual numbers with us. It really is motivating.

[@SofieLove]

I have never done an annual budget before but I will start doing one now. Thank you. I just switched from cricket ($60) to mint mobile ($30) per month. I also paid off my one and only credit card. I’m going to look into setting up an IRA. I’ll be 48 in March and I haven’t been saving for retirement at all. Do you also update your budget quarterly, semi-annually, or if something significant changes?

[@LisaMarieBudgets]

We’re the same age. I’ll be 48 later this month. I’ve just started to save for retirement. I do a paycheck budget every 2 weeks. I change the budget as needed.

[@theropesofrenovation9352]

Great budget. You could rotate Hulu and Netflix every six months to save a little over $100 a month.

[@brittanyb5942]

You could save a lot of money buy cutting out Hulu etc and giving gifts. I know its none of my business but I watch antenna tv and whatever is on a smart tv. NO EXTRAS!

[@LisaMarieBudgets]

You’re 100% right. If it were just me watching them, I’d cancel them all. I watch Netflix occasionally but mostly watch KZbin videos.

[@donnajo82763]

Great job Lisa. Hoping to have my 2023 annual budget up next week. Hugs. 🤶🏻🤶🏻💚💚💚💚

[@investlikerockefeller]

I realized today that I can save only 300$ per month for the house. Houses cost 300K. Guess how long it will take to save for a 🏠

[@matthewfischer5908]

Hey Lisa, Only $5200 left and I will be debt free!

[@LisaMarieBudgets]

Heck ya! You’ve got this!!!

[@kellyssimplesouthernlife2174]

Wow! $80,000 contribution to debt is awesome! Your doing great

[@rosemarie-karma]

For some peace of mind I need to fully fund my emergency fund. I haven't thought to do a yearly budget but I'll do one this weekend so thanks for opening my eyes to this 💚

[@universallove878]

Buying a home is great. I would say have 3 accounts. One for the business side(ie: mortgage, closing costs, admin fees,). The 2nd for up keep( grass, roof, weatherization, plumbing) and 3rd (Emergencies) Best of luck.

[@xLouisexox3]

I’ve never thought to do a yearly budget but it makes total sense! 😊

[@katarzynaburzynska8496]

Hi Lisa Marie! This may not help much but I use a renters insurance that's $16 a month. May be worth shopping around, I use Lemonade but there are other ones.. Loved the video and got a lot of great ideas, thank you!

[@AmandasBudgets]

Lisa, doing what you did made me look at similar situations. I am going bare bones to get to my house goal. Waiting to get my 1099s to see what 2023 goals will look like first but I am gonna throw everything at my debt and house savings.

[@melissarodriguez4531]

Thank you for the motivation 👏🏼 I just did my 2023 yearly budget and goals 😃

[@valeriehopkins644]

Have you considered putting your sinking funds in a savings account? Since that's what you're doing and only access it for paying those bills. Make a separate savings account for the house savings. Just a thought.

[@LisaMarieBudgets]

That’s what caused me to be able to overspend in the first place. I blew through what I had deposited. I need to count it every week for all to see to keep me on track!

[@lindadorman2869]

One of the best cost-saving tips is to cycle subscriptions, keeping only one at a time. This can cut your costs by 60% and you can still watch whatever you want while your subscription is active. You might also want to shop around for renters insurance - it should be ~$20/mo. Not sure how much you plan to save for a house but at less than $2000/yr., it will take a very long time especially if you need to replace your car soon. Can you get a 2nd job or increase your income to $50k+?

[@DvsDebt]

One of my 2023 goals is to max out my Roth IRA, which is going to take a lot of commitments and consistency on my part because $6.5K is a big chunk of change! 😂😭

[@LisaMarieBudgets]

It definitely is a huge chunk of change. $6500 is about what I need for a down payment.

[@sonyabbuzz]

Hi Lisa...new sub here :) I've just started mt channel and this video has really opened my eyes. Thx for sharing!

[@vivo512]

Thanks Lisa! I’ve never done a yearly budget before but after doing paycheck to paycheck budgets this past year, I think I’ll give it a try for my 2023 goals. You made it look so doable. I’ll have a better idea of where my money is going. Happy New Years🎉

[@janinejackson9477]

Great to have a plan to compare with. Budgets fluctuate they are not set in stone. Some paydays will be different budgets so having a yearly plan is great. Even if you don't achieve your goal at the end of year it will be achieved very close to it. Thank you for sharing.

[@michelel965]

I hope to have 35k in car loan gone!

[@LisaMarieBudgets]

👏👏heck ya!!!!!

[@morganwentworth2041]

I'm moving out of my friend's house and into my own apartment in Jan, so all my expenses are HUGE question marks. I have a monthly savings goal that I'm going to try to hit that will benefit from me spending less on wants overall, so that will be fun

[@CraftyLori]

If possible pay for Amazon prime once a year it is cheaper that way. You pay more if you pay it monthly.

[@jillgott6567]

I have already set my budget for 2023 and my goal is to finally get that drated Emergency Fund finalized. I seem to always need the money I put aside for daily expenses. $39,000 is a terrific income. Many would say no but it is a solid base for a healthy budget. With so many folks on Etsy and online selling the same items I have looked for more unique items or ways to present them that make mine stand out.

[@kierstenbrowne]

the average yearly income in the us is around 28k, yes that seems low but it's the reality for many people!

[@notsobudgetmom]

Lisa I love watching your videos!

[@GandLBudgetingBesties]

This video was awesome never though about doing a yearly budget. Thanks for sharing 💖💖💖🥰

[@arthrodea]

I'm probably missing something - but how did you pay off 80,000 of debt with an income of 39,000, in two years - it seems like every last cent of income would have to go to debt. ??? If you could do whatever you were doing to earn that extra 80K in two years - that would make an amazing down payment!

[@LisaMarieBudgets]

I was in another position which allowed me to work unlimited overtime! It was a blessing!

[@sandyweibel7883]

Looks like a good plan.☃️right now I’m working on a second emergencies plan I get paid monthly.

[@marycnhatch4934]

2023 Goals: Double our emergency fund, pay cash for a tree removal (it's huge and rotten), and start a garden.

[@LisaMarieBudgets]

Love the idea of starting a garden!!! I may have to do that too. We tried doing it on the deck but the pots weren’t big enough so, the veggies didn’t do well.

[@MariaSanchez-he2vo]

Great idea, I need to check my yearly budget and cut some wants to save with intentions

[@tracydobson4791]

Hi Lisa, I’m sorry if you have answered this already, I was wondering why you’ve included giving Carol Ann $80 per week for the full year in 2023, doesn’t she graduate in the spring/summer?

[@LisaMarieBudgets]

I did because I’m not sure how long it will take her to get a job! 😂

[@JD-tn5tb]

Just some suggestions - not sure if Hulu has a different price in every state and not sure which plan you have but I have the cheapest plan where I don't think I can watch live TV but it cost about 8.00 a month and if you pay yearly, it's cheaper than monthly. I have never had any kind of cable tv so even if I'm watching shows that are reruns and old, I don't care and it wouldnt matter because I haven't seen so many things. I used to have Amazon when they were reasonable but they are just too expensive now. I don't order much from them but when I do, I order at least 25.00 to get the free shipping or I just pay shipping because it comes out cheaper than having a membership which gives you the excuse to order every little thing which then cost you more money. I'm impressed by you paying your debt down in just a couple of years. Good luck saving for car and home!

[@LisaMarieBudgets]

Once my daughter graduates and gets a job, she will help with the subscriptions. I rarely watch any of them 😂😂

[@charlottemartin8529]

That’s really interesting doing a yearly budget. Never done that, just month to month. I will try doing one xx

[@amandam6069]

Loved watching this! I work in the mortgage world so it's always fun to me to see people saving for a house. What is your goal?

[@LisaMarieBudgets]

A minimum of 3% spending no more than 150,000 on a home. Ideally, I’d spend 100k or under. 2 bedroom one bath is really all I need. Small. Affordable.

[@amandam6069]

@@LisaMarieBudgets thats awesome!!

[@LindaASJ]

I just completed my yearly budget last week and I have come to the conclusion that it’s time to cut a whole lotta fat out. We’re going to go bare bones and get some debt wiped out.

[@LisaMarieBudgets]

I probably need to trim the fat next year. When my daughter gets a job, I’ll ask her to take over the Apple bill. My parents pay for KZbin red, I pay for Hulu and daughter will pay for Apple. We just share the subscriptions

[@familyzoo4412]

Ooh I never thought about doing a yearly budget! I’m going to have to sit down and do that. Great idea! 😊

[@turnovertheleaf5505]

Amazon- pay by the year! Bonus: put it on your birthday or Christmas wishlist! All of my "want subscriptions" were gifts.

[@pennylane36]

I do the yearly figures too just to see where we are We, however paid off all our debt a few years ago, paid off our house and our cars. Figuring thing got a lot easier. I’m a month ahead in bills. All bills for January were paid around dec 20th When I get online to pay bills, I write down what’s in checking, I subtract the bills, then of the balance remaining, I know what has to stay in checking to cover food, gas,etc, anything over that amount goes right into savings. 1 for retirement and the other is emergency fund All the pay from dec 30th goes to savings I pay our property tax in one lump sum and the car insurance the same way.

[@AmandasBudgets]

I love watching your videos 🎉amazing breakdown, I have been watching pepper princess for years

[@ceciliajohnson8812]

Honda do a great car. We bought our Honda Accord Euro brand new in 2008 and it is still going strong and just doesn't give us any problems. Writing out a Yearly Budget ahead of time is such a good idea! Thank you for this. When does Carole Ann graduate?

[@LisaMarieBudgets]

I love Honda’s! My civic hybrid was the best. Carol Ann will graduate next fall.

[@adecambra2471]

Lisa thank you for your breakdown of your yearly expenses. Love it

[@paulaaguilar5249]

Hi Lisa, do you have a video how to pay off debt?

[@OGGgirl]

No, i have never done a yearly budget, just a month to month one but now. I really see the reason to d one - thank you! Thank you for also pointing out. H ow things can change, with life changes. When does your daughter graduate? Great video!

[@LisaMarieBudgets]

Carol Ann graduated in October of next year! 👏👏👏👏👏

[@OGGgirl]

@@LisaMarieBudgets Yay for her!!!!

[@amysteele9778]

Way to go on debt repayment!

[@layahlayah5951]

This is so smart!!! So glad I found this before the year is out! I had the idea of using my tax return to pay off a years worth of Netflix, Hulu, and maybe something else in advance. Writing this out will really help with that and eliminate those expenses for the year.

[@LisaMarieBudgets]

I’m going to give that a try. I hate having so many monthly expenses.

[@breezybre2670]

We've never had Netflix or Hulu...we just watch you tube for free. :) Just an idea.

[@aaronhudgens8345]

Wow! Love this Birds Eye view. It gives you the opportunity to see where you could cut and how you could increase that house savings to almost $10,000 this year. Good luck.

[@onzanikkahayes6367]

Lord, please bless Lisa Marie with a substantial amount of money to cover all her needs and wants in 2023🙏

[@simply_mez]

wow u are so lucky paying that mush ffor rent internet and trrash thats amazing

[@megansprowl2593]

Can you do a video soon (if you're able to) on different Christmas gifts you get for people while budgeting? I think I remember you did one last year if I'm not mistaken

[@LisaMarieBudgets]

I stayed on budget last year. This year I spend most of my Christmas budget it on myself buying crap I didn’t need.

[@Imjusthereleavemealone]

Hi! Happy Birthday to you! I am a new subscriber and I enjoyed your video! This is a great idea to do yearly spending!

[@tracywilliams8264]

Lisa, you are so inspiring to me, keep doing what your doing. I’m definitely going to do this❤thank you . Merry Christmas 🎄🎁 to you and your family

[@LisaMarieBudgets]

Merry Christmas!! 🎄

[@janinejackson9477]

If you had your internet in your name you could claim it as a business expense on your tax because of KZbin.

[@royalpitamamma]

Did my annual budget with you. I am more depressed than ever. Fixed expenses take up 90% of our budget. I'm looking at them to see what I can cut. My income is less than half of yours though, so that is why it is so tight. My only options at this point are paying off all debt and cutting utilities to the bone. Perhaps hold off on my doctor visits.

[@LisaMarieBudgets]

I wouldn’t sacrifice your health! Definitely pay down the debt to give you more wiggle room. I used the debt snowball method.

[@breezybre2670]

I am sorry ypu are struggling.

[@hdesutter]

You need YNAB. Does the calculations for you. 😅

[@mcdowellsfamilyadventures5318]

You inspired me to do a yearly budget. It was eye opening for me. Looking at ways to save and decrease my spending for 2023.

[@bethbeckermeyer1732]

Good goals, mine is to save $25,000!

[@LisaMarieBudgets]

Heck ya!!!! Awesome!

[@stacyharris9669]

Way to go it sure helps to reverse engineer goal for each paycheck I love YNAB (you need a budget) they have you only budget when you have money which is a very different way of looking at budgeting, and it really helps you save

[@noreenn6976]

I don't usually do a yearly budget because my rent payment alone would make me cry. Thanks for sharing.

[@LisaMarieBudgets]

Same! It’s a huge chunk!

[@breezybre2670]

Ours is 42,000 . The only thing that comforts me is that I'll own the house at the end.

[@lbarge69]

Great yearly budget. You haven't purchased aside any money for clothes, beauty and medical. I strongly feel you need some fun money for you. My goal this year us to get going on my fully funded emergency fund x

[@lindadorman2869]

Love Mint Mobile! It's such a great deal.

[@kathymooney1047]

Where do you count personal care( Hair cuts, Dental care, OTC medicines, vitamins, ?) do "food" costs include household cleaning products? Where is your clothing allowance?

[@LisaMarieBudgets]

I won’t get a haircut next year. My food budget includes anything you can get at Walmart including cleaning supplies and medications.

[@Ashley_Christine]

This was incredibly helpful, thank you

[@jolynnatlrealtor3010]

$10,000 in taxes!! Horrible. I hope you get good tax returns each year.

[@LisaMarieBudgets]

I use any refund to absorb the taxes from KZbin and Etsy

[@TheLuvliiSmyle]

Amazon prime yearly is cheaper than paying monthly I find. So I gave up them monthly but this is great to see your perspective and budget for the upcoming year! 🎉

[@kaye6698]

I recently did this and I’m in awe that my monthly expenses well exceed my current income…I work mainly off commission so it’s tough but I’ll be working on my savings muscle this year for sure 😂 Side note, how are you paying $49 a month for renters!? I work in insurance sales and that’s a bit high. I’m not sure what your coverage is but definitely check if your deductible is $1,000 and maybe shop around..that should be $15-$25, $35 at most, unless you’re opting for a higher coverage :) Thanks for the video, I love seeing different techniques!

[@LisaMarieBudgets]

Geico said it was more expensive because of the area and the fact that it’s a mobile home.

[@jamesross3921]

Internet $92 wow that’s got to be some serious speed 😂

[@rebeccajohnson9121]

I've not ever done a yearly budget...something to think about. The goal this year is to pay off our credit card.

[@ginnycrissman8692]

You could save some money, about $50 just by paying your Amazon prime yearly instead of monthly. We switched to that a few years ago.

[@LisaMarieBudgets]

I wish! I don’t have the extra money right now. I’d love to pay it all in full at the beginning of the year.

[@yanaprincesss]

What does THP means? I’m new to this budgeting game.

[@LisaMarieBudgets]

Take home pay 💜

[@michellec.9852]

Why is your Hulu bill so high? I think I pay $5.99 per month

[@LisaMarieBudgets]

We have ad free with ESPN and Disney plus.

[@lacewatkins8715]

I'm impressed you pay so little for gasoline! How do you do it? Great budget. Doing my own 2023 this week. A query: if you manage to come in under with your variable expenses, will you throw it to house savings?

[@LisaMarieBudgets]

I work from home. Every penny leftover goes to the hose

[@lacewatkins8715]

@@LisaMarieBudgets I'm a hybrid so I am both at home and also at my shared cowork space that has a studio because I also do KZbin videos, but not nearly as good as yours, and also my office which is at church neither one of them is more than 10 miles round trip. I do anywhere from 100 to 150 miles a week, but I do have to do a little bit of traveling. I took quite a hit on my gas budget when I went up to Central California from San Diego but I did the whole thing on one tank of gas which at California prices worked out to be about 70 bucks. I so affirm your saving for a house. I have read so many things these days about how renting can be better than buying, but for me the best part of owning a home is that my costs are fixed. I paid more than my rent when I bought my house 22 years ago, and it was quite the stretch. I had to make a lot of sacrifices. 22 years later, and only because of taxes, I am paying about $150 more than I was 22 years ago. To put it in perspective, I was paying a little under $1,100 when I bought the house, and now I'm paying a little bit under $1200, and that's with everything included because I got lucky with my lender. These days to get the same square footage and a modest but decent neighborhood rent would be about 2,800 a month. That is a big difference. And then of course there's appreciation on the house itself which I kind of don't count. But what does matter to me is that even as my income Rose my mortgage/rent didn't and that allowed me a lot of wiggle realm, especially in these recent years. I'm semi-retired, but I do work to supplement my income, and my goal is to not have to supplement my income, which means needing less money. If I could get my living expenses under my pension, I'd be good to go. I would still work but I wouldn't feel compelled to work. All of this to say I totally affirm you. So glad I found your channel!

[@theRebelBudgeter]

I have not done a yearly budget but it could be helpful 🤔

[@zblingcreations6445]

I just don’t get the taxes we work we pay taxes than we pay taxes on the income that’s been taxed at the end of the year 😢 politicians become millionaires on working class expense 😢

[@LisaMarieBudgets]

Right?!?!?! It’s insane.

[@Whatevergirl00Cmp]

I have been dying to start posting my own budgeting youtube videos, but am nervous to be online 😂 i dont even do Facebook and instagram anymore. Any advice?

[@LisaMarieBudgets]

Just start! I don’t do social media either. I film with my phone and a phone stand on a TV tray table I got from Walmart. 😂 it’s nothing fancy!

[@mindireilman528]

Are you using ad or ad free for Hulu? I pay 79.99 per year for ads. You may want to sign up now before it goes up 109.99 effective Dec 8. Amazon Prime is $139 a year, cheaper than paying monthly.

[@LisaMarieBudgets]

It’s ad free. I share all the subscriptions with family. They are Boujee. 😂

[@msroyalplanner]

End of year Hulu has deals and students discounts

[@bluefamily3937]

What's a sinking fund?

[@HaywoodHomestead]

Really cool way to look at the budget, on a yearly basis. Thanks for sharing! ❤

[@thebudgetingbudgie]

I absolutely love yearly budgets! Great video 🥰🌸

[@IoneEvans]

This is scary 😨 😳 I need to do this too but boy oh boy!

[@AlieshiaTV]

Lol not getting on up there 😂😂

[@TheOscar15432]

Great budget. I’m gonna try to do a yearly budget. Good idea.

[@phatgirlmae921]

Praying of my loans and credit cards

[@jasminejanay3016]

How did you find your yearly take home pay

[@shellylockhart1506]

What about clothing and personal grooming / hair cuts etc .

[@LisaMarieBudgets]

I only get my hair cut once a year and I went nuts at Goodwill and have more clothes than I know what to do with.

[@nomsalwandle4367]

Yeah!! We share the same birthday 😍

[@candi0826]

I think you were able to pay off your debt because you lived in pretty cheap places. We keep going into debt because we are a household of six and our mortgage is 2100 a month. You don’t even understand how blessed you are to only be paying 500 a month. Where I live in bc Canada that isn’t even a thing rent starts here one bedroom 1800 and up.

[@LisaMarieBudgets]

I definitely appreciate my ex husband for affordable housing. 💜

[@breezybre2670]

We have 8 in the family and our mortgage is 3300. It is possible to stay out of debt...albeit...hard! My hsuband works overtime, we shop thrift only for clothes and our cars are from 2007. We don't have cable or Hulu, or Netflix or Disney plus. Our very last debt to pay is the hot water rtnak and furnace bill .

[@debramurphy4295]

I am going to make a yearly budget.