 What's happening guys it's Shane here and today I am going to be doing a mint budget app simple tutorial I'm going to be showing you how to budget with the mint.com app it's very simple and easy to use I'm going to show you a very simple method that's extremely easy to keep track of your finances which will allow you to save money budget effectively and take control of your life and I'm going to be showing you a very simple way of using the mint app where you don't have to spend hours and hours looking over spreadsheets pretty much everything is going to be automated it doesn't take very long to set up and it will make your life very easy when it comes to keeping track of budgets saving etc and I've tried a lot of methods over the years and this is by far the easiest method I have come across and it is the most effective method as well and it's great for people who want to be financially responsible but they don't want to spend hours and hours keeping track of their budgets and this is going to make it very easy for you to take control of your budget without spending hours and hours of boredom looking over spreadsheets that have complicated formulas and all that stuff that you just don't want to have to worry about so without further ado let's jump into the computer and get started right now all right guys so first thing we're going to do is we are going to go to mint.com here it is right here www.mint.com and yeah don't go to any other website no fake websites because you are going to be putting important information into here and then we're going to go to sign up you're going to want to punch your best email address in here phone number so that you can set up to factor authentication and then do a very very good password here as well and I already went ahead and I created a test account here so I'll skip ahead to that all right guys so you created your account and this is the first screen that you're going to see right here so right here you're on the overview tab this is going to give you a general overview of all of the other tabs and it's a very useful page to be on so as you can see here at the top we got overview transactions credit score bills budgets goals trans investments and ways to save now on the overview tab we're going to go over a few things here first of all this is where you would link your bank account now I didn't do that I just linked a credit card for the purposes of this example to keep things simple but you would link your bank account right here maybe you have several bank accounts you can link all of them and it will keep track of your total cash that is in your bank account here you can link a credit card and that's what I did and that's what I did here you can link all of them here you can do any sorts of loans that you have so car loan mortgage student loans anything like that it will keep track of it here you can do any investments like Roth IRA 401k index funds ETFs mutual funds anything like that that you have invested in maybe you just started and you're using acorns or Robin hoods something like that something very easy to use you can link all of that right here and investments and then down here you've got property and this is a very interesting one because you can link a house and a house probably is going to be going up in value most likely and it will automatically track the value of the house whereas if you get a car that's going to be going down in value and you can actually set it up to where it automatically tracks the value of a car so if you buy it for let's say $20,000 five years later it's only worth about $10,000 it will automatically track that if you want it to and it will show you your net worth based off of that so it's very good for keeping track of your assets and your liabilities just with all of these alone it's tracking your net worth and 99% of it is completely automated once you set it up now it has some other very useful features on this home page so as you can see here it is upcoming bills and normally you'd have maybe rent that you pay the first of the month a car payment you pay on the 10th of the month something like that it'll show all of your upcoming bills right here down here you're going to have spending and you know normally this would be a lot more I only linked one credit card but it'll show you're spending from this credit card different credit cards and your bank account etc now normally down here would actually show your credit score I don't have that set up on this account but it'll show your credit score right here so you don't have to go through the process of applying to that it just automatically does it every now and then for you and then down here you're going to see that it shows your budgets and I'm going to get into this a lot more later but this is just a general overview and then setting up goals investments and ways to save where it basically gives you really good tips on ways to save and it's kind of like your own personal financial advisor but it's completely free now going up here the tabs that you're going to be paying the most attention to are going to be transactions and budgets and we're actually going to go ahead and start in the budgets tab so let's click on that now as you can see here I actually already put in some of these budgets these are some of the most important ones and the ones that you should definitely start out with so you've got auto and transport utilities entertainment food and dining groceries as well as restaurants so I like to separate those because I think that sometimes you can go out a lot and spend a lot more money than you know just going out and hanging out with friends and so I really do like to separate those too so that I can track that and then you've got health and fitness this might be a gym membership or something along those lines and then mortgage and rent another thing you could put in health and fitness as you know doctor's office visits and that sort of thing down here it has everything else which is basically the uncategorized categories now just to show you how to actually create one of these budgets I'm going to go ahead and create a new one so let's say that you're a business owner and you have a lot of business expenses we're going to go ahead and go to create budget choose a category and then I just like keeping things relatively general unless it's very very important then I'll break it down a little bit more some people like to get very very detailed with it I like to keep it relatively general so I'd go to business services click on that and then I like to keep it every month generally there's some things that would be every few months like let's say you have an insurance payment that's due every few months for life insurance you might put that there and then the amount I'm just going to put $100 for the purposes of this example and you just click okay and bam there it is business services now you could actually link two different people to an account if you want so let's say you have a significant other or a spouse what you'd want to do is you'd probably want to separate both of them by your name so you'd create an entertainment you'd edit details and then you'd say you know entertainment for Shane and entertainment for Jan now as you can see here there's this everything else tab at the bottom and these are basically the ones that are uncategorized now if you click on it it's going to show you shopping here and over time meant once you choose which category you want certain things to be in it it's actually very intelligent it has artificial intelligence and it will know what categories you want certain things to be in automatically so you might have to spend maybe five or ten minutes doing it the first few months and then after a while you might only have to spend maybe one or two minutes here and there figuring out what category to put things in it's extremely useful and it adapts to you over time so let's go ahead and click on this just to see where it's at and this was a purchase I made from Amazon and it automatically put it under the shopping category which that is not one of the categories that I have I like to get more detailed than just general shopping so what I'm going to do here is this was some food that I bought from Amazon I think it was some beef jerky or something like that so I'm going to go down here I'm going to go to food and dining and I'm going to pick groceries so that one is going to go under groceries and now when we go back to budgets you're going to see that category has disappeared now when you use this for the first month there'll probably be maybe 10 or 20 things down there but as you start using it more and more there'll only be a few things because most of the things it will know how to categorize automatically now as you can see these are different colors so for instance this one right here entertainment is in the red and that means that I've spent more than what I budgeted my budget for it was 10 dollars and I spent 15 dollars on entertainment these are completely theoretical numbers obviously we'd probably be spending more on entertainment I just for the purposes of a video I set it to 10 dollars but actually I'll show you how you can edit here let's say I had a budget of 16 dollars it would be in the yellow so it's very close to going over my budget but not quite there but I'm going to go ahead and put it back to 10 dollars now what you would want to do in this situation is you'd want to be like okay at the end of the month I'm looking over my expenses so you can see where you're spending too much money where your problems are where you could maybe be spending a little bit more money potentially and you would actually just click on entertainment and it would take you to all the purchases you've made so this is where I bought like a candy bar and some chocolate and some coffee at Rite Aid or something like that this one was where I advertised on Craigslist I can't believe they're charging for you to advertise on Craigslist but I did it just to test it out but let's just say theoretically you know you saw here that you were spending like a hundred dollars a month on strippers and another hundred and fifty dollars a month on beer it would be very easy to identify that and you can see right away okay obviously my problem in the entertainment category is strippers and beer so I should probably stop spending money on strippers and beer good plan right another example of this might be like food and dining so let's say this was an issue here you could go to you know restaurants and you see okay I spent money at woods coffee on avocado toast and let's say you are spending you know 60 percent of your total budget on avocado toast you might think to yourself well you know what I might have an avocado toast addiction and I might want to stop spending so much money on it you get the idea overall it just makes it very very easy for you to identify your problem areas and areas that you can improve on and that is the secret to saving money it's the secret to getting better with your finances because 99 percent of the people out there aren't even aware that they're spending so much money under random stuff so big things that you can improve here is you can minimize your cost of living by getting roommates obviously or getting a mortgage and then renting out part of the house that sort of thing car payments are another huge cost that a lot of people see you know buying a car that's five to ten years old is so much cheaper than buying a brand new car I mean it's just ridiculous the insurance to register everything is so much cheaper when you buy a car that's 10 years old and it doesn't depreciate then you can just sell it for practically the same thing that you bought it for eating out and spending money on food all the time instead of just making stuff in crock pots and then you know preparing food for the whole week and then just taking you know your food to lunch and dinner and then just eating food for lunch or breakfast that you prepared already at home that saves so much money as well and then another big thing is just not making impulse purchases of toys and other things that you really don't need that is another big problem I see with people all the time so anyways I hope you guys enjoyed this really quick and simple mint dot com tutorial I've been dropping some extremely valuable content about personal finance and just being successful in life in general so definitely go check that out hit the like button hit the subscribe button ring the little notification bell and comment down below any videos you might want to see in the future and definitely check these videos out right now because these are going to help you tremendously hope you guys have a good one and bye for now