Script #244

Budgeting Tips: 3 Elements for a Successful Budget | TikTok

Original Script

Three things you need in your budget if you want it to actually work. This is what I like to call the three S's. So staples, spending, and saving. Let's talk about what each of those mean. Staples are your fixed expenses. These are any bills that have due dates. Debt payments are included here. These are things that must be paid. Things like water and electric are also included here, even though the amounts can technically vary. You still have to pay those every single month. And what I like to do is send all of my staples to a separate account just for bills. Next we have spending, which is otherwise known as variable expenses. These are your monthly spending categories. So things like grocery, gas, fun money, etc. The amount you budget for these things can change month over month, depending on what your priorities are that month. Pro tip, the best way to set up your spending categories and understand what you need to even put here is to go through a past bank statement and see where you've been spending your money. You need to set up spending categories for the things that you're spending the most on such as fast food. Because if you don't put that in your budget, you are going to blow your budget. And this is how you create a budget that actually works for you. These are also the things you would cash stuff if you want to. Then we have saving otherwise known as sinking funds. So your emergency fund falls into the savings categories, but also any future expenses that you know are coming and you want to save for those that go here as well. And you want to put those in a high yield savings account. These can be things like saving for car repairs in the future, saving for a vacation, etc. But just know that if you do not already have an emergency fund, this is your number one priority. If you want action steps, you can start taking today to build a budget that actually works. Go check out my free training in my bio or check out the Create Your Budget mini course, which has all my budgeting templates in it. This year is almost over with and these are some life skills that you need to learn going into 2025 so that you do not keep reliving the same broke situation over and over again. I know that you can do it. You just got to believe in yourself and have some type of consistency. You got this friend.

Provocative Version Ready

**STOP scrolling if you're tired of being broke every month.**

99% of people think budgeting doesn't work. They're wrong. It's because they're missing these THREE secrets that millionaires don't want you to know.

I'm about to expose the ONLY budgeting method that actually works. But here's the thing... most financial gurus will NEVER tell you this because it's too simple.

**The Three S's that changed my entire financial life:**

**STAPLES** - But wait, this isn't what you think. Everyone says "track your expenses." WRONG. You need to literally SEPARATE these from your main account. I'm talking rent, utilities, debt payments - anything with a due date gets banished to a bills-only account. Why? Because your brain can't handle seeing bill money mixed with fun money. It's psychological warfare against yourself.

**SPENDING** - Here's where everyone screws up. They guess their spending categories. Are you KIDDING me? Go pull up your bank statement RIGHT NOW. I guarantee you're spending way more on DoorDash than you think. If you don't budget for your actual habits, you're setting yourself up to fail. Period.

**SAVING** - Plot twist: This isn't just about emergency funds. You need sinking funds for EVERYTHING. Car repairs, vacations, Christmas gifts. Future you is depending on present you to not be an idiot.

But here's the part that will blow your mind...

If you don't have an emergency fund yet, NOTHING ELSE MATTERS. I don't care about your vacation savings. I don't care about your shopping fund. Emergency fund FIRST or you're just playing pretend.

2024 is almost OVER. How many more years are you going to stay broke because you're too scared to look at your numbers?

**The real question is: Are you ready to stop being your own worst enemy?**

Drop a 🔥 if you're finally ready to change your life, because I'm about to drop the exact templates that transformed my finances in my bio...

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Video Info

Title:

Budgeting Tips: 3 Elements for a Successful Budget | TikTok

URL: https://www.tiktok.com/@hermoneymastery/video/7438654870946811182

Search query:

budget tips that actually work

Category: Finance

Score: 0.76

Script Info

Status Modified

Original length 2338 chars

Created Mar 14, 05:07