 And welcome back to my channel. I am Yoshida and this is Norris Cove. So today we're gonna get into part two of this budget series. I've been debating on this and I filmed a... I've already filmed the whole segment but I didn't like it because that seemed to be all over the place because I was kind of just thinking off the top of my head and I didn't think it made sense to anyone else but me. So basically I believe in part one we talked about you know reaching that zero base budget and how you would take the minimum amount that you think that you make and you're going to total that up with your expenses and how we came out to zero base budget. So here is when I broke it down. So for me I'm gonna break it down so this is part two after you get that monthly income and if you're self-employed again if your bartender hairstyle is makeup artist, nail technician, dog walker. I don't know if you get paid on a daily basis if you... you know I guess you could be a server as well because you receive tips things like that. So this is what your minimum amount for the month would be. Now you're gonna take that divide that by four and I have 3,500 so now I'm at 875. 875 a week. Well I don't necessarily make 875 a week. So what you're gonna do is basically say hey this is what I make pretty much per week then you're gonna break down what you can pay. So week one I have it here so my week one to stay up under that 875 everything that I need to pay Schedulosity, Apple, Amazon, Sell Bill all those things are due in my week one they total like with my booth rent I think it's less than 581 and then with my variables such as gas, products, and spending and then we'll get into our variables a little later but this is what it's gonna basically cost you so you're still up under that 875 you still should have some money left for savings and then you definitely want to def excuse me you definitely want to put some into your savings then you have your 875 week two this let me zoom in I'm sorry so that's week two 875 week two I know it looks like scribble scrabble but it makes sense so I just want to break it down so then in week two I have to pay my car note I have Aflac gas what else whatever else you had to pay so this stuff pretty much and then I didn't add booth rent but it's up basically 538 again you're up under that 875 so that gives you wiggle room so each week just make it your goal to stay under 875 you may make 875 that week you may make a thousand that week that does not mean that you spend the extra you'll put that to a side and we'll get into our variables later so that week let's say a variable is basically gas for your car products the for your business things like that and I would suggest setting a budget for your products setting a budget for your personal spending setting a budget for what you're going to put into your savings so basically again biweekly or weekly 875 is times four is this 3500 so then you'll have a five week okay when you get five weeks that's an extra week in the month so then that possible go up to eight another 875 again you want to give yourself some wiggle room and you want to stay within up under that 875 because again like I had a week where I didn't make this 875 let's say I only made 800 and then the 75 I mean this is just an example whatever your I'm doing air quotes whatever your monthly lowest income is could be totally different you can make $5,000 a month and that would give you about a thousand a week you know on a five month I mean excuse me a five week month so that's about a thousand dollars a week but then let's say that first week you don't make that thousand you only make 800 but then on the second week you make the toy you make 1200 so basically that's how you plan so I hope that makes sense because I do want this series to be so helpful I had to just like I said just run the numbers and basically jot everything down that's why it looks like scribble-scrabble so I did make a video of me doing this but it was just basically off the top of my head so let's talk about variable expenses here variable expenses like your gas your grocery miscellaneous products things that varies things that are that are not always the same you definitely get you but there are things that you need you definitely get you definitely groceries you definitely miscellaneous and then you definitely need some products if you're running a business unless you are like a server you play pretty much don't need products unless you need a notepad unless you're responsible for maybe like your own notepad so we got our variables let's talk about sinking funds here in the sinking funds this this is where you're going to pour sinking funds let me see if I can break that down there are a lot of videos out here on sinking funds sinking funds is basically funding something for the future so let's say for instance car Christmas Christmas is a great one because for Christmas a lot of times so many people struggle and they take me the whole week and don't pay no bill and then put it all on Christmas no we're not doing that in 2019 so what you want to do is start a fun right now if you start $100 a week in your Christmas fund you definitely would have enough by Christmas or you can do a hundred dollars a month and you would still have enough depending on what you know how many children you have and things like that travel so let's say friends you like to travel but you never really seem to can't afford it but if you start a fun you can do that I have grocery here like sometimes my husband takes care of the groceries towards the end of the month and then the beginning of month towards the middle when those groceries have kind of run out I'm responsible so I've given my budget of like 200 and so I can actually cut that in half because I'll buy cheap out they'll eat stakums if I catch a base so you can cut that in half your products you got to know the products that you like how much you're spending with a distributor that's coming in or at the store and what you need monthly I highly suggest on that big week or when let's say the first someone is busy for you and let's just take two three hundred dollars go get your products for the month you're good okay so sometimes I'll do that or sometimes it depends if I'm been fooling around with my money I got a nitpick and get one two things three things a week dental that's not necessarily I just have it because I have a special dentist that I like for cleanings taxes oh my god this is so important I was slack in this department but taxes are basically 30 percent of your income and so that 30 percent for me I basically took it to $2.62 50 savings again that's definitely a sinking fund because you want to put into that and all your sinking funds not all of them but at least the majority of these need to go into cash envelopes well you'll see that what a cash envelope let's switch over here cash envelopes you're gonna get an envelope let me see if I got I had made so let me see if I can find them I can't find them right now but basically you just get an envelope you can take some office depot I mean your office depot envelopes and write on it this is for my taxes this is for my Christmas travel all that on these envelopes and you're gonna each week put a certain amount so let's say each week I'm putting five and that's just this is just hypothetical okay this is not real hypothetical so each week I'm adding five to my taxes I'm adding twenty to my car savings products I'm adding twenty that's how the cash envelope system works okay now over here I talked about color coding if you're just a visual person and you want to do color coding to write your stuff out and color codes your expenses give each color a name that's all you have to do and that's pretty much it for our budget series for number series number two and series number three we're gonna go into talking about ways that you can save I don't know how long this series is gonna run because I keep having ideas but then I don't want to confuse anyone and I want to be as thorough as possible so if you have any questions please leave me a question in the comments section and I'll be sure to answer also get you one of these they're $1.99 you can write things out I used to just have one of these and I would put week one what is due how much I make how much I need to make that works as well it's a visual so it can be very simple I also budget in here I mean just whatever works okay I also have a coupon code below on the Aaron Condren deluxe or any of their products you can get $10 off your first order okay so check that out and come back for series part three in the series and I will see you in my next video bye