how I manage my money 💵 income , expenses , budget , etc || personal finance in my 20s
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Published 2021-03-04
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/d/1Jk2zghNC1A3OSbXkqw…
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/referral/qvu92n/
✩ 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
All Comments (21)
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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.
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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..
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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!
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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!
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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!
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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!
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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).
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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
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this is the best one I have seen. I needed something simple and cannot find anything
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Wonderful! You are very talented and you explain the topic in a friendly manner. Thanks a million
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I love the music you chose! Your whole vibe is amazing!
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That had to be the best commercial I have seen in a loooong time. Thanks for the great work.
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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.
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Thank you so much for your explanation and template! YouTube recommended your video to me so it's my first time visiting your YouTube 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 <3
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I wish I could like this twice! been searching for a video just like this!
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Thank you. Exactly what I was looking for. 💓
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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!!!!
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Thank you so much for offering this info. It helped out a lot! :)
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Thanks for sharing tips on how to track expenses. That was by far the most sorted way to do it.
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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.
