 Hey you all, so welcome to my channel, I am Yoshida and this is Norris Cove. So today we're doing, we're attempting a zero base budget. I wanted to bring you guys along with me as I attempt my zero base budget as a self employed hairstylist. If you're self employed, I'm here to help. I don't care if you do hair and makeup, nails, barbering, walking dogs, anything if you're a waitress, a bartender and you're self employed, I want to help you because I'm trying to help myself. So let's go along for the ride. There are so many budgets out there, but they're basically for people who get a paycheck when you are self employed. You don't. So I want to show you guys how I created a zero base budget being self employed. So if you want to see how I achieve this, stay tuned and let's get to the video. I got just a little bit. Let me say, excuse me, welcome to my channel. I am Norris, I'm Yoshida and this is Norris Cove. So I was sitting here and I got this little, I guess it's a traveler's notebook insert. I thought it would fit my B6. It does. It's just a little, a smidge it too big. I'm trying to kind of downsize my budget into something smaller that I can carry and I can see it all the time. So I said, I didn't, I never stopped doing my budget. I just wasn't as accurate as I was when I was filming, filming it. Excuse me. I don't know why my words are jungle today, but at any rate. So I'm doing a breakdown. This is just how my brain works. And in case there are any other self employed people out there, I wanted to put it on video for you. So I kind of broke, I'm breaking it down. So I wanted to bring you all along with me while I'm breaking it down because now, let me show you, I want to have it in my B6. And I wanted the Aaron Conjuring petite planner, but it won't fit my B6. I did not want to invest in another cover for it. So I wanted it to be able to go on my B6 and I can look at it. So I already have a monthly and this is where I just write out my bills. I still use my Aaron Conjuring deluxe planner. So that is just like where it ends up at. But as I go along, I need to be able to carry it with me. So let me show you these inserts. So I have these inserts from the 1407 planners. And this is one of the ways that I track my money. It's daily sales. So I'll put it here. I not necessarily need this, but then again, I do. And then there's another budget section here. And what I did was it's just the month. I write in the month and then I list all my bills, the due date, the amount, and then I check it off if it's paid. Well, this is fine, but I don't look in here until like I really. It's like maybe every two weeks or what have you. I don't know what's going on with the hold on. OK, so I look in here like maybe once a week, every two weeks, but not as often. So I have to kind of backtrack and I definitely backtrack in my daily sales. I don't know what happened here. So I made a kit. I want to make a sticker kit for this so that I'll look at it more often. And this is in another insert from the 1407 planners. This basically says notes. It's just the notes. So I wanted to put it this in the form. So I'm hope I'm making sense. If you have any questions, please leave them in the comments section, and I'll be happy to answer them. So I wanted to kind of look like the Aaron Condren petite planner. So it is much smaller, but I wanted to be able to see it in that form in my basic. So I made a little kit here and I wrote down my expenses, my estimated monthly income. And I should change that to what I'm doing here and my fixed expenses, real expenses, but I think what I should do that will work best for me is to get rid of the fixed expenses because they're pretty much here. And I don't know if they're fixed or variable and make this like maybe my weekly check in on that side. And then I have my weekly check in on this side, but I may still need this to put down like my goals, my financial goals and my debt repayment. So I think I'm going to leave it this way for now. So what I did was so we've seen that. I'm just trying to make it make sense for me. And then hopefully it'll make sense for somebody else. So again, I was going to put this in my B6, but I needed to do the breakdown first. So I'm using the first page as my budget breakdown and how I'm going to go about budgeting, paying off debt and things like that. So I figured I start off with what I assume that I make. I'm self employed. So sometimes, I mean, a hurricane, a flood, snow can just alter my income completely. I can go to of making I've made this in a week before and then on a consistent basis and then something happens and I'm down to five hundred dollars. So here lately, my income has gone out, but it's not. I'm not making this a week again anymore. Excuse me, I'm making a fraction of this. So this is I want to keep it really low. And to me right now, the low end of my income is that a month. And that's fine. We're going to work with it. I believe that it's what I've learned. I'll say, oh, this thing is really tripping here. I've learned that it's not how much you make. It's what you do with what you make. And I had to learn that the very hard way. And I will definitely say that. So I'm starting out here on the low end of 3,500 a month. Sometimes it's four in the past. It's been five. Sometimes it's been six. But again, it fluctuates. So I want to start with the low end and work that and try to zero base that. I don't know a lot about the zero base budget, but I need to make it simple for me. So this is fixed and variable expenses. So I know first thing I put down is my car note. And it is three sixty three. I think 80. I have to double check. Car insurance. And that's my life insurance as well. That it used to be like two seventeen to twelve. Now it is two nineteen. And I don't know if that's because my daughter is home from school and they're putting her on my insurance. So what have you? What else is another fixed expense? The sale bill is really not fixed. But I'm paying roughly like two sixty two. I'm going on the high end of two sixty two slash three hundred a month. OK, car note, car insurance, sale bill. Let me with about I have to whip this out again so that I can be accurate. So I'm just going to put this to us to decide as a reference. And I pretty much have everything here. My schedule is to do that is my online appointment book. And that is twenty dollars a month. So I'm basically writing out all the bills I pay my booth rent to rent the space that is eight hundred and forty dollars a month. With an extra week, it would be. Hold on, let me just make sure that I'm doing this correctly. It is two ten a week times four. That's eight forty plus. If there was an extra week of five, that would be one thousand and fifty dollars a month. OK, I'm going to keep my calculator right here. We got car note, schedule is Amazon. And then I'm going to go back and put if it's fixed or variable beside it. Excuse me, is twelve ninety nine. Apple that is for some raggedy extra storage is ninety nine cents. I have a capital one credit card, but I just paid that off. So right now I'm going to write it in the minimum payment on that is twenty five dollars. I've just paid it off. So I just got it. I mean, I've had it for about a month and a half and I just paid it off. It has a very low limit. I'm using it to increase my credit right now. I have simply gilded and it is twenty nine dollars a month. I'm going to pull that back about a month or two. I enjoyed the pen, so I want to get a couple more pens. Do I have the gym? So I have the gym. That's twenty dollars. I need to go. It's really nineteen ninety nine, that's twenty. Here I'm putting Acura hubby. I have an Acura truck as well. My husband took out a personal loan out of on his bank and when my credit was kind of jack, so that we could get that. That's the best way to do things. Y'all, we need a car so that way Snatchman can't come to your car if you can't pay for it. Anyway, that is actually ninety two dollars a month, but we pay ninety two. The car isn't working. It needs an engine or something like that, but the loan is still there. But it's very, very small and I'm going to get the final pay off from him. He gave it to me. We were at about maybe a thousand or maybe twelve hundred a month or so ago. So I'm going to get the final payment with him and I'm going to start chomping on that as well. Now I have a personal loan of my own. Of a thousand and I'm going to put a thousand over here on the side. So that when I come back, I'll know what I'm doing here. And that is about the same as my Acura. It's like ninety two dollars a month. I'm going to put a hundred and I have a plan of that. We're going to break it down. Then we're going to break it down by a weekly and how we're paying this. I'm going to get booth runs and jump. Simply get a capital one. Apple one. Schedule a city. I have a schedule a city. That sale bill in Affleck. Affleck is extra insurance for the self-employed. And that's pretty much what I pay out a month. So now let's do the totals on all of this, which is due monthly. I want to make sure I didn't forget anything. So now I can sit that aside. So monthly. So now the way I'm trying to break it down, if again, if you have any questions, let me know, but I had to make it make sense. But I wanted you all to come along with me while I allow it to make sense. So that in case your self-employed, we can figure this thing out together. OK, so I'm adding that I'm making about thirty five hundred a month. In my mind, I've already done this a couple of times. I do it often and it's going to be about two thousand or twenty one hundred. But let's just add it up because we have some new things. So my car is two sixty three eighty, excuse me, three sixty three eighty. I believe it's not over three sixty three. So two nineteen for my car insurance. I'm going to put on the hot end three hundred for my sale. Twenty dollars for my schedule. The city my booth rents. Let's just put eight forty twelve ninety nine for Amazon. Ninety nine cents for Apple. Twenty five dollars for capital one, which I can really take that off. Twenty nine for simply gilded twenty for the gym. For the Acura for my personal loan and for Aflac. Two thousand sixty dollars and seventy eight cents. So that's what all of this is. And I'm saying that I'm estimated to make thirty five hundred on the low end. So let's subtract that from thirty five hundred and see what we got. We have two thousand sixty seventy eight equals. So we have fourteen hundred and thirty nine dollars and twenty two cents. Now now let's get into the small things that we're going to flip everything over. So just some random things that that is not a major bill. So we have gas. I guess to meet this. I don't want to call this a random list. Let's see. What should we call it? Not extras, but expenses. You have very I think this is where variable expenses come in. So let's put variable expenses here. OK, so we have gas now. Since I've been helping my daughter out, I've been getting gas like two times a week. So that's like seventy dollars almost a week. So I'm just going to guess to make seventy. Times four is two eighty a month. So now we're still on the month. Grocery, my husband helps with the grocery. I end up usually spending, I'm going to say. Three hundred on grocery. OK, miscellaneous things. And this is between stickers. Me taking the kids get slurpy ice cream just a bunch don't that I really don't need. Let's see. I'm going to say five hundred dollars. It was hard to do. That's what I'm going to go ahead and include that with eating out as well. I'm trying to think what else could that I spend money on. OK, products, I need to put that down. I've been slacking of getting products, but I need to make a budget of what I'm going to spend on products a month. I'm going to put two hundred. So trying to think this is just miscellaneous. That's just every that even includes like my car maintenance to get my oil change, things like that. I know I'm spending about two hundred and eighty dollars. I know I'm spending about two hundred and eighty dollars on gas. I'm going to take that three hundred off a grocery and make that about two hundred. Because again, my hubby help in this is what I've been spending like today. I spent fifty five dollars. I spent seventy seven dollars the other day. I just need to tell my grocery listing. So. What is our total of that we have two hundred and eighty plus two hundred plus five hundred plus two hundred is one thousand one hundred and eighty dollars. So we have one thousand one hundred and eighty dollars and variable and kind of like extra expenses. But I had to include my products. So so let's bring over this fourteen thirty nine twenty two. I'm trying to get it together, you guys. So I was going to put an error here. It was fourteen thirty nine twenty two. Subtract the one thousand one hundred and eighty dollars. So this will make this is making a lot more sense, because a lot of times I'm like, I don't have any money. I struggle from two weeks. Sometimes one thousand one hundred. That leaves me with two hundred and fifty nine dollars and twenty two cents. OK, so what's left of this two hundred and fifty nine dollars? Sometimes it's more, but I need to be able to take part of this and save. I want to take a hundred of this towards savings. A month, I could probably do more. But if I can, if there's extra, that's where that'll go. It'll just dump into the savings savings, a hundred. And then that leaves us with one fifty nine twenty two to go to Sinking Funds. So I believe that we have just created a zero based budget. So now let's break down our Sinking Funds and Sinking Funds to my knowledge. It's things that you want to build on for later. So let's say, for instance, you want to do Christmas shopping. You can set up a fund for that. This is just constantly adding to until Christmas comes for me. I want to do like car Christmas, a date night, maybe things like that. So being that I have such little that I'm working with. I'm going to put down my car again, because car that could be for me, gas, that can be for me maintenance. Like I have a maintenance coming up a sixty thousand dollar mile maintenance on my truck, which is six hundred dollars don't have it. So I'm going to have to wait until I can build that up. So what are we going to put towards that? So let's take the one fifty nine twenty two and think we should put ten to that Christmas. That's another ten. And then this also will be like my cash envelopes. We'll see. So we got Christmas. I'm going to put down here. Travel like when my daughter is needing to get home. I don't want to have to really use my credit card. So I'm going to put ten dollars to that. My grocery. This again will probably be in the my panic. I'm like wait a minute. I'm going to put twenty to grocery. I need to set up something for my products. Um, yeah, and travel could be anything. It could be like if I need to go out of town for business with hair, go to a hair show or anything like that or take a class. So I'm going to do that. And then to help me bring this down a little bit, I'm going to put products and for products because I'm just spending it kind of like out of pocket right now. I guess I better go ahead and do ten on that. So let's do ten. So. I'm just thinking, you guys, so I still have a good amount left. Eating out. Let me say dates for dates. I want to put nine dollars and twenty two cents only because we don't go out. We were going out like once or twice a month. We used to go out at all and then we wanted to start to get back into having date days or date nights. So that's nine dollars and twenty two cents. Uh, that leaves me with ninety dollars. Still, I have ninety dollars left. What can I give more? Let's give the car twenty. So let's take another ten away and travel. Let's give that another twenty. Grocery. Products, let's add gas. Let's give gas twenty. Products I need to put twenty. Batteries getting low, but we're almost to zero budget. So we got forty dollars left. We got Christmas travel, vacation shoot. What was I thinking? So I'm going to take this last forty and dump it into vacation. So I am at a zero budget as a self-employed person. So quick run down because my batteries getting low. So this is my budget outline for a self-employed person. I just had to figure it out. I knew the best way to figure it out was put on paper. I decided to bring you guys along with me. This is my estimated weekly monthly income. Monthly being basically thirty five hundred. These are basically my fixed bills. I have card notes, car insurance, sale bill, Schedulacy, which is my online app for my appointments. My booth rent runs me between eight forty to ten fifty. I mean, excuse me, one thousand fifty. Amazon, Apple, Capital One, that is a credit card, which is basically paid off, but I will take the extra and possibly put it towards savings. My simply guilty. This here is Jim, my extra car loan, another personal loan of myself and my medical here. Insurance for self-employed is there. And we had a total of everything averaging out to two thousand sixty dollars and seventy eight cents. So that left me with fourteen hundred thirty nine dollars and twenty two cents. So then we figured in what I pretty might spend when gas, grocery, miscellaneous and products that equaled up to one thousand one hundred and eighty dollars, and we subtracted that from our fourteen thirty nine that was left from everything else that left us with two hundred and fifty nine dollars and twenty two cents. We're going to throw a hundred into savings, and then the rest is for sinking funds, which will go into our cash envelopes, which should be the same, which is car for car maintenance, Christmas, travel, grocery, products, date, date, days, whatever. I should say dates and holidays, whatever, gas and vacation. So I basically created a zero budget. I just couldn't figure it out before, but it just boom, my brain went to working and was like, let's write it down before I forget. So I wanted to bring you guys along. So that's it. So now I can create my monthly and weekly budget off of this. I think I'm going to like this book. I'm going to go ahead and just label that budget. And then what I'm going to do is break it down by week for me. So each week I should be putting in I'm going to divide it up. So I may do a part two to this where we're going to be dividing this up so that it works for me on a weekly basis. Now, we're also going to be doing another part in the series of how can I pay myself weekly? So we need to budget this out and how I need to be able to pay myself. Right now, paying myself will be my savings. And then we'll go to there and we have a goal. We're going to break it all down. So let's get it into the self-employment budgeting. So this is going to be a new series on my channel. And I hope you guys come back for more and stay tuned for episode two of this series. Thank you all for stopping by. If you're new to my channel, you want to see how this budget is going to work for me on a self-employed, how we're going to zero basis out, how it's going to come all come together in the next six months. And I would love to have you come along for the ride. I'd love to welcome you to the Cove, hit that subscribe button. Also hit that notification bell so that you are notified whenever I upload content to this channel. Thank you all so much for watching and I will see you in my next video. Bye.