Jasmine's Journey to Financial Security: One Month Ahead

about 10 years ago I was laid off from a job that I thought I was going to retire from I mean I loved that job this is the job that I got my very first management position at I grew so much professionally and I had just decided you know why leave I love it here I was in the process of being promoted to an associate director and then boom your girl got laid off they brought us all in this room and I was just in one of the bestest of moods and my mood tanked because the company decided to save money by closing our campus and moving to a more affordable State because of the new acquisition I was devastated I had no savings I had no plan and my relationship with money was horrible at that time I was living literally paycheck to paycheck and as I think back I know that I don&#39;t ever want to be in that space again in the event that my job decides we want to make a different move and in that move it&#39;s going to cause you to lose your income I want to make sure that I am financially prepared for something like this and with that being said I have decided to continue on that process or start the process or whatever and be 1 month ahead in my bills now the process is going to be a lot however in this piece of the journey I&#39;m going to be getting one month ahead and if you you want to see how I&#39;m going to do that then just go ahead and stay tuned if this is your very first time here my name is Jasmine AKA budget treasures and here on my channel I talk about all things Finance with the emphasis on budgeting saving money and paying off debt and if you are new here I really encourage that you subscribe to the channel if you are returning besy hey girl hey so let&#39;s jump into it you guys have been hearing me talk about how I am going to be or how I&#39;m going to explain really or how I&#39;m going to do a video about how I&#39;m getting one month ahead and here we are we are finally here and I have watched a ton of videos where I have been researching how to properly do this um and I really want to give a shout out to all the creators who have posted these videos one in particular which is uh the organized money which is the organized Elena I watched her video and I really gained a lot of insight on how to properly do this and so I&#39;m going to explain in steps what I&#39;m going to do now I will tell you this is a journey I haven&#39;t done this before so please make sure that you lock in because I am going to be creating different episodes along the way um be you know just showing what&#39;s working what&#39;s not working and fine-tuning my journey okay so step one the very first thing that I need to do is I need to determine what my one month ahead is going to look like so I think one month ahead looks different for many people one month ahead might be one full month of expenses which includes your rent or mortgage your bills your living expenses like food gas or transportation and things like that any savings that you have and for that person that might be one full month of living expenses um one full month ahead for someone else it might just be their rent or mortgage they just want to be one month ahead on rent and mortgage and that is it for someone else it might be something else for me I am going to explain what one month ahead looks like for me now I did do a video where I did calculate how much I would need to save in order to be one month ahead and I&#39;m going to link that video at the end of this video so if you need to check it out you definitely can um but since I&#39;ve already done that work I&#39;m not going to go into detail but I do want to show here uh the work that I did and what I am going to include in my one month ahead so let me zoom in so for me my one month of living expenses and slash emergency fund first and foremost let me say this to me one month ahead and an emergency fund is two different things for me one month ahead for me is just that being one month ahead and your bills are expenses and you already have that money saved up and you will be able to pay the next month&#39;s bills with the previous month&#39;s finances for me that&#39;s what that means an emergency fund is something different that is something that you have just sitting over in a savings account and you have 3 to 6 to 9 to a Year&#39;s work of living expenses and you have that money saved just sitting there and acre interest in the event that you lose your income then you will be able to pull from this fund to take care of yourself for 3 6 9 12 months for me that&#39;s a difference um the reason why I want to have the 1 month of living expenses saved first is because it just gives me a sense of security um especially with the way things are now um I think it&#39;s very important that I am just a little bit more secure than just having a $1,000 emergency fund which to me that $1,000 is just a rainy day fund I know you guys are probably like what is the difference girl to me a rainy day fund is just that money for a rainy day something is happening an emergency happens you got a flat tire you need a new battery um you know the appliances come out you have a bill that you didn&#39;t know about to me that&#39;s a it&#39;s a rainy day fun but it&#39;s an emergency that you have to take care of right away emergency is Sirens helicopters ambulance bring all the stops because your girl don&#39;t have a paycheck and I need to be able to take care of expenses so that I can live so to me it&#39;s different I will be having a one month ahead fund I will be having a rainy day fund and I will be having a emergency fund for me so back to the one month ahead these are the expenses that I have already identified for me that I want to have saved up this is not all of the bills that I have but this is for me one month of living expenses that I want to have saved so that every month I am able to just take care of these bills I will be saving for utility bills now with my utility bills that um I went and took a look over all of my bills and I took the highest month and I estimated up so that I will know that I have enough money for my utilities because they are variable month over month so for gas it&#39;s 165 a month even though it&#39;s not that it it could be under $100 monthly electric is 220 water 50 solar 150 and trash 110 that gives me a total of $695 and really this is this trash is not even monthly my trash is $110 every quarter so if you break that down by the quarter it&#39;s not even that much living expenses I&#39;m actually going to cut this out for food it&#39;s $300 household 30 toiletries 30 and gas 240 a month and then bills this is these are the bills that I don&#39;t have a choice to pay which is taxes 50 car insurance is actually different because this has gone up it&#39;s actually 175 and guys I always get a lot of questions about where I got this uh um white out from I will have it linked down below okay I got it from Amazon so this is 175 and then quart is 75 so um this is actually going to be different as well so I&#39;m going to need my calculator so 50 + 175 + 75 is 300 and then for my bills these are the bills that I don&#39;t have a choice to pay internet cable is actually 112 but I&#39;m going just leave it at 1 uh it&#39;s 117 but I&#39;m going to leave it at125 um ADT is actually $50 now but no it&#39;s $59.99 but I&#39;ll leave it at 70 Sirus XM $10 life insurance $15 Amazon Prime $20 I no longer have 24-Hour Fitness um I&#39;m just going to put Fitness and it&#39;s still the it&#39;s like $32 but I&#39;ll keep oops you guys can&#39;t even see that there we go I&#39;m going to leave it at $35 and then Hulu Disney $5 Apple $ 100 and then peacock $20 and really this peacock is for the year so this is $500 so what I&#39;m going to do I&#39;m going to take my utilities and then I have HOA I&#39;m going to talk about the mortgage separately so for my utilities at $6.95 plus the bills here 300 plus these are these are bills that I have no choice to pay these are bills that I do have a choice to pay but I&#39;m going to include these and then that&#39;s 500 so that&#39;s $1,495 will have me one month ahead which is what I&#39;m going to be saving for want to use my pen so actually I&#39;m GNA note this in here so for one month ahead the goal um I have calculated here $1,495 and this should definitely be enough because a lot of these um amounts here are in increased right so let me just make sure that I have the correct amount so $6.95 plus 300 695 + 300 + 500 I did not include the living expenses to be 1 month ahead so I am going to be starting with with $1,495 which that&#39;s just $1,500 so 1,500 is going to be my one month ahead amount that I am going to be saving to be um one month ahead now that is just for my bills for my mortgage this is going to be different um because I don&#39;t State how much I pay for my mortgage I&#39;m just going to do that off camera but if this were you then you would take your mortgage whatever that is your mortgage or your rent and then if you do have an HOA if you want to be one month ahead on your HOA so for me for my HOA I would need to save at least $532 for my no sorry I don&#39;t know why I multiplied that by two um I would need to save 266 and then plus whatever my mortgage is and that will have me 1 month ahead in in my mortgage account that is for me specifically but if you are doing this on for you make sure that you include in this number your mortgage or rent okay I hope that that made sense so step one is to take a look at your bills and if you don&#39;t have them written down to write down all of your bills that you have to pay and this is everything and then once you write it down you guys know that I do have a bills tracker if you are new here you haven&#39;t seen it so I will show it to you this is my bills tracker so you write down all of your bills after you write down all of your bills then you decide what bills you are going to be saving for to be 1 month ahead so that&#39;s what you&#39;re going to do okay that&#39;s step one step two is where are you going to save the money so the way that this is going to work or the way that it works is that currently you are paying your bills with the money that you receive from your job any money that you have extra from you paying your bills from you eating and doing all that good stuff putting gas in your car entertainment Etc whatever you have left then you will save that money in either a savings account checking account or if you are like me you are going to save that in cash and you&#39;re going to have a one month ahead bills envelope now what I would suggest that you do if you are on this journey and you&#39;re saying Hey I want to be one month ahead well not really what I suggest just look at your life and be realistic um the summer is coming whenever you look at this video or you decide to do it if you&#39;re like hey you know what I I want to wait till after the summertime do that if you&#39;re like hey I want to wait till whenever the New Year whatever it is wait till that time because what you may need to do is you may need to s sacrifice a little bit so that you can save that money anything extra outside of what you are already currently paying for your current month&#39;s bills so for example for myself I am paying my current month&#39;s bills with my current money and any money that I had after doing that and of course my expenses like food um toilet R Etc whatever I had left I put that money towards my one month ahead fund I stopped contributing to my syncing funds so that I can fund the most important syncing fund at this moment which is for me to be one month ahead once I am done saving the amount which is the 14 what does it say the 1,500 plus my mortgage and HOA once I am done saving that then I&#39;m going to go to step three I think we&#39;re at step three or the next step if we&#39;re not at three step three is actually putting this to exercise like I and what I&#39;m going to do is I&#39;m going to take the money and usually you do this at on a spef specific day so for me I&#39;m going to do it the first of the month um I&#39;m going to now here&#39;s the thing I&#39;ve heard different people say oh I&#39;m going to deposit the month the the money at the first of the month Etc but I don&#39;t know how that&#39;s going to work for me and this is another reason why um I&#39;m going to have multiple episodes on how this works because I&#39;m not paid like on the 1 and the 15th I&#39;m paid bi-weekly so sometimes that could be after the first but maybe it should work as I&#39;m talking it out it really should work never mind scratch what I just said but this is the reason why this is a journey okay cuz I have to do it to make sure that it works so anyway the first of the month I&#39;m going to deposit this money in the bank when I deposit this money in the bank on the first of the month I am going to pay all of these bills if they are available Okay the reason why I say that is because like electric may not be available um at the time or you know my utilities may not be available at the time for me to know that I have to pay you know what those amounts are so that money will sit there but the other bills that are pretty standard I will pay all of those bills on the first of the month and just get them out of the way and when I get paid then I&#39;m going to take let&#39;s just say 1,500 I&#39;m going to divide it into two let&#39;s just say I&#39;m going to take $750 and I&#39;m going to put that in this envelope and then on the first of the month I am going to pay the bills I hope that makes sense I&#39;m always always going to be paying my bills with the money I&#39;m like for example let&#39;s just say I&#39;m ready to do this in June so June 1st I&#39;m going to deposit this money I&#39;m going to pay all my bills and then the money that I make in June I&#39;m going to be paying July&#39;s bills with the with that money but I&#39;m already going to have the money available okay and then I&#39;m just going to keep doing it over and over and over and over and over again okay now as it relates to where you&#39;re going to save your money this may be different for you if you are not a cash spender this was something that I had learned on um Elena&#39;s video she talked about having a checking account that she had her money saved in and then every first of the month she would transfer that money from the checkin account which was her one month ahead account account to her bills account now for me I I was going to do that but I can&#39;t do it because they&#39;re going to charge me a fee if I do not use a certain amount of transactions or whatever they charge me a monthly fee at my bank or if I were to open up a savings account they said that I have to carry a minimum of $300 in the account so I had thought thought about opening up a savings account and just have you know that $300 in there and never let it go below that so that I didn&#39;t have to um so that I didn&#39;t have to save that so I didn&#39;t have to incur a fee I still might do that but for right now I&#39;m just going to do it the cash away but you have that opportunity if you have an account that you can put that money in and it&#39;s not going to charge you a fee it&#39;s not going to be hard that process needs to be easy that&#39;s also something to note wherever you&#39;re going to save your money from it needs to be easy for you to be able to take that money and put it back into your bill account or if youd like you can just always have that money there as rollover for example if I take this 200 2,000 1500 sorry and I put it in my bill account and I will just always have that money in there as rollover and I&#39;m just paying my bills Etc now I can do it that way as well but what I&#39;m going to have to make sure that I do is that I cannot spend I that that account really needs to be literally only for bills and whatever is not for bills I need to take that money out and I need to put it in my Sav in my checking account and I have another uh checking account which is my spending account I need to already removed that money and put it in my spending account I hope that made sense so those are the different ways that you can do it for me I&#39;m going to play around with it a little bit and see what works best for me because really I&#39;m not sure at this moment I&#39;m going to be truthfully honest so that is pretty much how I am getting one month ahead how I&#39;m going to be paying my bills one month ahead the reason why I&#39;m doing it that way is just because to be honest I&#39;m still bitter 10 years later I don&#39;t trust no company they will make a decision on what is best for them they work their budgets how they need to work them and we&#39;re just employee numbers it it just is what it is it is what it is I mean unless you work for a real small company you are an employee number and then even then with a small company I mean if the money is not there the money is not there so we want to do our very best to make sure that we are secure and we are able to manage in the event that something crazy comes up and we lose our main source of income um so another way that you can save money towards your one month the head fun if I didn&#39;t say it is using side hustle money the money that I used was straight from my paycheck because I had got a Bonus and I decided to take that money and save it but if you do have side hustle money you can use that money to put as side as well so that is definitely um an option for you but I really do want to Embark upon this journey and I hope that it will work out I think it will it should right um but follow me on my journey I&#39;m going to say this is episode one me laying it out I know that I did do a video on how to get one month ahead and that is a video where I um where I did the calculations of all the bills but now I&#39;m actually going to be putting it like into action so um yes I do have debt still let me say that um because there you know there are some people in my comments who&#39;s like um giv their opinion which I encourage everyone&#39;s opinion I encourage you to do whatever you think is right with your money I&#39;m just sharing my journey um I&#39;ve had some comments where people are like well if you still have debt then you shouldn&#39;t be doing this um I&#39;m going to do this because what&#39;s most important for me is to have a roof over my head um I&#39;m a one income gal and and meaning like it&#39;s only me I can only lean on me to pay my mortgage I I&#39;m not married and if something happens I want to be able to pay my bills comfortably so what&#39;s most important for me right now is the liquid cash so that I can take care of what I need to take care of if something devastating happens to me in my life I&#39;m going to be upset that I put all my money towards debt and now I don&#39;t have any money to live it just is what it is because then I&#39;m just going to use those credit cards so that I can live and put myself right back in that hole so for me it&#39;s important for me to have that liquid cash so that I don&#39;t have to rely on my credit cards to live all right guys so that was it I had to go off in that little rant a little you know but I hope that that is you guys follow my journey if you have gotten one month ahead and you&#39;ve done this before please leave the comments down below so that we can all learn from one another um and we can really really make sure that we are secure in our our finances and we can be prepared for those unforeseen you know emergencies that happen and we could just feel better you know I think I would have felt a lot better when I got laid off if I had savings I would have felt so much better I mean it was great I did get a really great severance my Severance was amazing um I did live with my mother at that time so it wasn&#39;t like I was going to get put out or anything like that but my situation is different now um I don&#39;t live with my mother I have a house and my mortgage company don&#39;t care if I got laid off or not they want their money and I want to give them their money so that&#39;s that um make sure you guys are subscribed if you&#39;re not and then on the next episode that will be probably me deposit well continue to save and then depositing the money into the account um but make sure you guys watch this video where you can see um how I am calculating and taking all of the money or calculating all of my bills to um determine how much money I need for my one Monon ahead fund and um that&#39;s it a daily dose of budget Treasures is full on if you&#39;ve been noticing I&#39;ve been uploading but I just keep forgetting to put the flyer out but a daily dose of budget Treasures is in full effect so there will be another video out tomorrow and I will see you besties tomorrow go be great peace out [Music] [Music] oh guess [Music]

about 10 years ago I was laid off from a job that I thought I was going to retire from I mean I loved that job this is the job that I got my very first management position at I grew so much professionally and I had just decided you know why leave I love it here I was in the process of being promoted to an associate director and then boom your girl got laid off they brought us all in this room and I was just in one of the bestest of moods and my mood tanked because the company decided to save money by closing our campus and moving to a more affordable State because of the new acquisition I was devastated I had no savings I had no plan and my relationship with money was horrible at that time I was living literally paycheck to paycheck and as I think back I know that I don&amp;#39;t ever want to be in that space again in the event that my job decides we want to make a different move and in that move it&amp;#39;s going to cause you to lose your income I want to make sure that I am financially prepared for something like this and with that being said I have decided to continue on that process or start the process or whatever and be 1 month ahead in my bills now the process is going to be a lot however in this piece of the journey I&amp;#39;m going to be getting one month ahead and if you you want to see how I&amp;#39;m going to do that then just go ahead and stay tuned if this is your very first time here my name is Jasmine AKA budget treasures and here on my channel I talk about all things Finance with the emphasis on budgeting saving money and paying off debt and if you are new here I really encourage that you subscribe to the channel if you are returning besy hey girl hey so let&amp;#39;s jump into it you guys have been hearing me talk about how I am going to be or how I&amp;#39;m going to explain really or how I&amp;#39;m going to do a video about how I&amp;#39;m getting one month ahead and here we are we are finally here and I have watched a ton of videos where I have been researching how to properly do this um and I really want to give a shout out to all the creators who have posted these videos one in particular which is uh the organized money which is the organized Elena I watched her video and I really gained a lot of insight on how to properly do this and so I&amp;#39;m going to explain in steps what I&amp;#39;m going to do now I will tell you this is a journey I haven&amp;#39;t done this before so please make sure that you lock in because I am going to be creating different episodes along the way um be you know just showing what&amp;#39;s working what&amp;#39;s not working and fine-tuning my journey okay so step one the very first thing that I need to do is I need to determine what my one month ahead is going to look like so I think one month ahead looks different for many people one month ahead might be one full month of expenses which includes your rent or mortgage your bills your living expenses like food gas or transportation and things like that any savings that you have and for that person that might be one full month of living expenses um one full month ahead for someone else it might just be their rent or mortgage they just want to be one month ahead on rent and mortgage and that is it for someone else it might be something else for me I am going to explain what one month ahead looks like for me now I did do a video where I did calculate how much I would need to save in order to be one month ahead and I&amp;#39;m going to link that video at the end of this video so if you need to check it out you definitely can um but since I&amp;#39;ve already done that work I&amp;#39;m not going to go into detail but I do want to show here uh the work that I did and what I am going to include in my one month ahead so let me zoom in so for me my one month of living expenses and slash emergency fund first and foremost let me say this to me one month ahead and an emergency fund is two different things for me one month ahead for me is just that being one month ahead and your bills are expenses and you already have that money saved up and you will be able to pay the next month&amp;#39;s bills with the previous month&amp;#39;s finances for me that&amp;#39;s what that means an emergency fund is something different that is something that you have just sitting over in a savings account and you have 3 to 6 to 9 to a Year&amp;#39;s work of living expenses and you have that money saved just sitting there and acre interest in the event that you lose your income then you will be able to pull from this fund to take care of yourself for 3 6 9 12 months for me that&amp;#39;s a difference um the reason why I want to have the 1 month of living expenses saved first is because it just gives me a sense of security um especially with the way things are now um I think it&amp;#39;s very important that I am just a little bit more secure than just having a $1,000 emergency fund which to me that $1,000 is just a rainy day fund I know you guys are probably like what is the difference girl to me a rainy day fund is just that money for a rainy day something is happening an emergency happens you got a flat tire you need a new battery um you know the appliances come out you have a bill that you didn&amp;#39;t know about to me that&amp;#39;s a it&amp;#39;s a rainy day fun but it&amp;#39;s an emergency that you have to take care of right away emergency is Sirens helicopters ambulance bring all the stops because your girl don&amp;#39;t have a paycheck and I need to be able to take care of expenses so that I can live so to me it&amp;#39;s different I will be having a one month ahead fund I will be having a rainy day fund and I will be having a emergency fund for me so back to the one month ahead these are the expenses that I have already identified for me that I want to have saved up this is not all of the bills that I have but this is for me one month of living expenses that I want to have saved so that every month I am able to just take care of these bills I will be saving for utility bills now with my utility bills that um I went and took a look over all of my bills and I took the highest month and I estimated up so that I will know that I have enough money for my utilities because they are variable month over month so for gas it&amp;#39;s 165 a month even though it&amp;#39;s not that it it could be under $100 monthly electric is 220 water 50 solar 150 and trash 110 that gives me a total of $695 and really this is this trash is not even monthly my trash is $110 every quarter so if you break that down by the quarter it&amp;#39;s not even that much living expenses I&amp;#39;m actually going to cut this out for food it&amp;#39;s $300 household 30 toiletries 30 and gas 240 a month and then bills this is these are the bills that I don&amp;#39;t have a choice to pay which is taxes 50 car insurance is actually different because this has gone up it&amp;#39;s actually 175 and guys I always get a lot of questions about where I got this uh um white out from I will have it linked down below okay I got it from Amazon so this is 175 and then quart is 75 so um this is actually going to be different as well so I&amp;#39;m going to need my calculator so 50 + 175 + 75 is 300 and then for my bills these are the bills that I don&amp;#39;t have a choice to pay internet cable is actually 112 but I&amp;#39;m going just leave it at 1 uh it&amp;#39;s 117 but I&amp;#39;m going to leave it at125 um ADT is actually $50 now but no it&amp;#39;s $59.99 but I&amp;#39;ll leave it at 70 Sirus XM $10 life insurance $15 Amazon Prime $20 I no longer have 24-Hour Fitness um I&amp;#39;m just going to put Fitness and it&amp;#39;s still the it&amp;#39;s like $32 but I&amp;#39;ll keep oops you guys can&amp;#39;t even see that there we go I&amp;#39;m going to leave it at $35 and then Hulu Disney $5 Apple $ 100 and then peacock $20 and really this peacock is for the year so this is $500 so what I&amp;#39;m going to do I&amp;#39;m going to take my utilities and then I have HOA I&amp;#39;m going to talk about the mortgage separately so for my utilities at $6.95 plus the bills here 300 plus these are these are bills that I have no choice to pay these are bills that I do have a choice to pay but I&amp;#39;m going to include these and then that&amp;#39;s 500 so that&amp;#39;s $1,495 will have me one month ahead which is what I&amp;#39;m going to be saving for want to use my pen so actually I&amp;#39;m GNA note this in here so for one month ahead the goal um I have calculated here $1,495 and this should definitely be enough because a lot of these um amounts here are in increased right so let me just make sure that I have the correct amount so $6.95 plus 300 695 + 300 + 500 I did not include the living expenses to be 1 month ahead so I am going to be starting with with $1,495 which that&amp;#39;s just $1,500 so 1,500 is going to be my one month ahead amount that I am going to be saving to be um one month ahead now that is just for my bills for my mortgage this is going to be different um because I don&amp;#39;t State how much I pay for my mortgage I&amp;#39;m just going to do that off camera but if this were you then you would take your mortgage whatever that is your mortgage or your rent and then if you do have an HOA if you want to be one month ahead on your HOA so for me for my HOA I would need to save at least $532 for my no sorry I don&amp;#39;t know why I multiplied that by two um I would need to save 266 and then plus whatever my mortgage is and that will have me 1 month ahead in in my mortgage account that is for me specifically but if you are doing this on for you make sure that you include in this number your mortgage or rent okay I hope that that made sense so step one is to take a look at your bills and if you don&amp;#39;t have them written down to write down all of your bills that you have to pay and this is everything and then once you write it down you guys know that I do have a bills tracker if you are new here you haven&amp;#39;t seen it so I will show it to you this is my bills tracker so you write down all of your bills after you write down all of your bills then you decide what bills you are going to be saving for to be 1 month ahead so that&amp;#39;s what you&amp;#39;re going to do okay that&amp;#39;s step one step two is where are you going to save the money so the way that this is going to work or the way that it works is that currently you are paying your bills with the money that you receive from your job any money that you have extra from you paying your bills from you eating and doing all that good stuff putting gas in your car entertainment Etc whatever you have left then you will save that money in either a savings account checking account or if you are like me you are going to save that in cash and you&amp;#39;re going to have a one month ahead bills envelope now what I would suggest that you do if you are on this journey and you&amp;#39;re saying Hey I want to be one month ahead well not really what I suggest just look at your life and be realistic um the summer is coming whenever you look at this video or you decide to do it if you&amp;#39;re like hey you know what I I want to wait till after the summertime do that if you&amp;#39;re like hey I want to wait till whenever the New Year whatever it is wait till that time because what you may need to do is you may need to s sacrifice a little bit so that you can save that money anything extra outside of what you are already currently paying for your current month&amp;#39;s bills so for example for myself I am paying my current month&amp;#39;s bills with my current money and any money that I had after doing that and of course my expenses like food um toilet R Etc whatever I had left I put that money towards my one month ahead fund I stopped contributing to my syncing funds so that I can fund the most important syncing fund at this moment which is for me to be one month ahead once I am done saving the amount which is the 14 what does it say the 1,500 plus my mortgage and HOA once I am done saving that then I&amp;#39;m going to go to step three I think we&amp;#39;re at step three or the next step if we&amp;#39;re not at three step three is actually putting this to exercise like I and what I&amp;#39;m going to do is I&amp;#39;m going to take the money and usually you do this at on a spef specific day so for me I&amp;#39;m going to do it the first of the month um I&amp;#39;m going to now here&amp;#39;s the thing I&amp;#39;ve heard different people say oh I&amp;#39;m going to deposit the month the the money at the first of the month Etc but I don&amp;#39;t know how that&amp;#39;s going to work for me and this is another reason why um I&amp;#39;m going to have multiple episodes on how this works because I&amp;#39;m not paid like on the 1 and the 15th I&amp;#39;m paid bi-weekly so sometimes that could be after the first but maybe it should work as I&amp;#39;m talking it out it really should work never mind scratch what I just said but this is the reason why this is a journey okay cuz I have to do it to make sure that it works so anyway the first of the month I&amp;#39;m going to deposit this money in the bank when I deposit this money in the bank on the first of the month I am going to pay all of these bills if they are available Okay the reason why I say that is because like electric may not be available um at the time or you know my utilities may not be available at the time for me to know that I have to pay you know what those amounts are so that money will sit there but the other bills that are pretty standard I will pay all of those bills on the first of the month and just get them out of the way and when I get paid then I&amp;#39;m going to take let&amp;#39;s just say 1,500 I&amp;#39;m going to divide it into two let&amp;#39;s just say I&amp;#39;m going to take $750 and I&amp;#39;m going to put that in this envelope and then on the first of the month I am going to pay the bills I hope that makes sense I&amp;#39;m always always going to be paying my bills with the money I&amp;#39;m like for example let&amp;#39;s just say I&amp;#39;m ready to do this in June so June 1st I&amp;#39;m going to deposit this money I&amp;#39;m going to pay all my bills and then the money that I make in June I&amp;#39;m going to be paying July&amp;#39;s bills with the with that money but I&amp;#39;m already going to have the money available okay and then I&amp;#39;m just going to keep doing it over and over and over and over and over again okay now as it relates to where you&amp;#39;re going to save your money this may be different for you if you are not a cash spender this was something that I had learned on um Elena&amp;#39;s video she talked about having a checking account that she had her money saved in and then every first of the month she would transfer that money from the checkin account which was her one month ahead account account to her bills account now for me I I was going to do that but I can&amp;#39;t do it because they&amp;#39;re going to charge me a fee if I do not use a certain amount of transactions or whatever they charge me a monthly fee at my bank or if I were to open up a savings account they said that I have to carry a minimum of $300 in the account so I had thought thought about opening up a savings account and just have you know that $300 in there and never let it go below that so that I didn&amp;#39;t have to um so that I didn&amp;#39;t have to save that so I didn&amp;#39;t have to incur a fee I still might do that but for right now I&amp;#39;m just going to do it the cash away but you have that opportunity if you have an account that you can put that money in and it&amp;#39;s not going to charge you a fee it&amp;#39;s not going to be hard that process needs to be easy that&amp;#39;s also something to note wherever you&amp;#39;re going to save your money from it needs to be easy for you to be able to take that money and put it back into your bill account or if youd like you can just always have that money there as rollover for example if I take this 200 2,000 1500 sorry and I put it in my bill account and I will just always have that money in there as rollover and I&amp;#39;m just paying my bills Etc now I can do it that way as well but what I&amp;#39;m going to have to make sure that I do is that I cannot spend I that that account really needs to be literally only for bills and whatever is not for bills I need to take that money out and I need to put it in my Sav in my checking account and I have another uh checking account which is my spending account I need to already removed that money and put it in my spending account I hope that made sense so those are the different ways that you can do it for me I&amp;#39;m going to play around with it a little bit and see what works best for me because really I&amp;#39;m not sure at this moment I&amp;#39;m going to be truthfully honest so that is pretty much how I am getting one month ahead how I&amp;#39;m going to be paying my bills one month ahead the reason why I&amp;#39;m doing it that way is just because to be honest I&amp;#39;m still bitter 10 years later I don&amp;#39;t trust no company they will make a decision on what is best for them they work their budgets how they need to work them and we&amp;#39;re just employee numbers it it just is what it is it is what it is I mean unless you work for a real small company you are an employee number and then even then with a small company I mean if the money is not there the money is not there so we want to do our very best to make sure that we are secure and we are able to manage in the event that something crazy comes up and we lose our main source of income um so another way that you can save money towards your one month the head fun if I didn&amp;#39;t say it is using side hustle money the money that I used was straight from my paycheck because I had got a Bonus and I decided to take that money and save it but if you do have side hustle money you can use that money to put as side as well so that is definitely um an option for you but I really do want to Embark upon this journey and I hope that it will work out I think it will it should right um but follow me on my journey I&amp;#39;m going to say this is episode one me laying it out I know that I did do a video on how to get one month ahead and that is a video where I um where I did the calculations of all the bills but now I&amp;#39;m actually going to be putting it like into action so um yes I do have debt still let me say that um because there you know there are some people in my comments who&amp;#39;s like um giv their opinion which I encourage everyone&amp;#39;s opinion I encourage you to do whatever you think is right with your money I&amp;#39;m just sharing my journey um I&amp;#39;ve had some comments where people are like well if you still have debt then you shouldn&amp;#39;t be doing this um I&amp;#39;m going to do this because what&amp;#39;s most important for me is to have a roof over my head um I&amp;#39;m a one income gal and and meaning like it&amp;#39;s only me I can only lean on me to pay my mortgage I I&amp;#39;m not married and if something happens I want to be able to pay my bills comfortably so what&amp;#39;s most important for me right now is the liquid cash so that I can take care of what I need to take care of if something devastating happens to me in my life I&amp;#39;m going to be upset that I put all my money towards debt and now I don&amp;#39;t have any money to live it just is what it is because then I&amp;#39;m just going to use those credit cards so that I can live and put myself right back in that hole so for me it&amp;#39;s important for me to have that liquid cash so that I don&amp;#39;t have to rely on my credit cards to live all right guys so that was it I had to go off in that little rant a little you know but I hope that that is you guys follow my journey if you have gotten one month ahead and you&amp;#39;ve done this before please leave the comments down below so that we can all learn from one another um and we can really really make sure that we are secure in our our finances and we can be prepared for those unforeseen you know emergencies that happen and we could just feel better you know I think I would have felt a lot better when I got laid off if I had savings I would have felt so much better I mean it was great I did get a really great severance my Severance was amazing um I did live with my mother at that time so it wasn&amp;#39;t like I was going to get put out or anything like that but my situation is different now um I don&amp;#39;t live with my mother I have a house and my mortgage company don&amp;#39;t care if I got laid off or not they want their money and I want to give them their money so that&amp;#39;s that um make sure you guys are subscribed if you&amp;#39;re not and then on the next episode that will be probably me deposit well continue to save and then depositing the money into the account um but make sure you guys watch this video where you can see um how I am calculating and taking all of the money or calculating all of my bills to um determine how much money I need for my one Monon ahead fund and um that&amp;#39;s it a daily dose of budget Treasures is full on if you&amp;#39;ve been noticing I&amp;#39;ve been uploading but I just keep forgetting to put the flyer out but a daily dose of budget Treasures is in full effect so there will be another video out tomorrow and I will see you besties tomorrow go be great peace out [Music] [Music] oh guess [Music]

Transcript for:Jasmine's Journey to Financial Security: One Month Ahead

Transcript for:
Jasmine's Journey to Financial Security: One Month Ahead