The simple, minimalist approach to budgeting. My exact automated system for saving money and guilt-free spending! This is a video on budgeting for beginners and budgeting made easy. I share my budgeting tips, and give you a simple system for how to manage your money. When you know where your money needs to go every time you get paid, it’s EASY to save money. The secret is to pay yourself first and automate everything. I share my favorite bank accounts, budget tips, and my best personal finance tips.

***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That’s my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.

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***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

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***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can’t live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies – I use this app a LOT for my life in Mexico)

Ledger Nano S (crypto storage hardware wallet, because “Not Your Keys, Not Your Crypto”!):

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DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!

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Budgeting For Beginners: 8 Places Your Money Needs to Go

Budgeting is a crucial skill that everyone needs to learn in order to effectively manage their finances. It allows individuals to track their income and expenses, and ensures that they are able to prioritize their spending in a way that aligns with their financial goals. For beginners, creating a budget can seem overwhelming, but by allocating funds to key areas, it becomes more manageable. Here are 8 places where your money needs to go when creating a budget.

1. Essentials – Your basic needs such as housing, utilities, food, and transportation should always be the first priority in your budget. These are non-negotiable expenses that should be covered before anything else.

2. Savings – It is important to prioritize saving money for emergencies, future goals, and retirement. Aim to set aside a portion of your income each month into a savings account or investment portfolio.

3. Debt Repayment – If you have any outstanding debts, such as student loans, credit card balances, or personal loans, it’s important to allocate a portion of your budget towards paying them off.

4. Entertainment and Leisure – While it’s important to prioritize essentials and savings, it’s also important to set aside some money for entertainment and leisure activities. This can include dining out, going to the movies, or any other activities that bring you joy.

5. Health and Wellness – Allocate funds for health insurance, medical expenses, and wellness activities such as gym memberships or self-care services.

6. Education and Personal Development – Set aside funds to invest in your education and personal development, whether that means taking a course, attending a conference, or purchasing books and resources.

7. Giving – If you are able, consider allocating a portion of your budget towards charitable donations or supporting causes that are important to you.

8. Miscellaneous – Lastly, it’s important to have a portion of your budget set aside for unexpected expenses or miscellaneous purchases that may arise.

By allocating your funds to these key areas, you can create a balanced budget that prioritizes your financial needs and goals. It’s important to regularly review and adjust your budget as your financial situation changes, and to stay disciplined in sticking to it. With practice and determination, budgeting can become a valuable tool for managing your money effectively.