The Only Proven Correct Way to Manage Money
Published at : September 30, 2021
In this video we discuss the only proven correct way to manage money - and it may not be what you think!
We begin by covering three popular methods of saving money: The 50/30/20 rule (first popularized by Senator Elizabeth Warren in her book, "All Your Worth", the envelope system (which allows you to allocate money in a budget by filling a separate envelope with money to fund each category of spending), and the 7 Baby Steps (known worldwide as the brainchild of Dave Ramsey).
All three plans work - and all three really boil down to a couple of specific concepts or rules for saving and spending money. But, which is the best? Watch the video to find out.
// SUBSCRIBE:
//TIP JAR: Want to send us a special "Thank You" for our content? Here's our PayPal email address: underthemedian@gmail.com
MENTIONED IN THIS VIDEO:
PRODUCTS:
○ Under the Median Personal Finance Planner: https://underthemedian.com/yearly-finance-planner/
○ Laminated Money Envelope System: https://amzn.to/3EXbahw
BOOKS:
○ All Your Worth, by Elizabeth Warren: https://amzn.to/3AJnYFL
○ Total Money Makeover, by Dave Ramsey: https://amzn.to/3AMYCqF
LINK:
○ Investopedia Article on the 50/30/20 Plan: https://www.investopedia.com/ask/answers/022916/what-502030-budget-rule.asp
//WATCH MORE BUDGETING VIDEOS:
○ How to Do a Financial Check-Up: https://www.youtube.com/watch?v=esFhCS8naEQ&t=5s
○ How to Save for An Emergency Fund FAST: https://www.youtube.com/watch?v=boTDpvkB_BM&t=12s
○ Fix Your Broken Budget: https://www.youtube.com/watch?v=ehAPT9fLU6I&t=10s
//SHOP OUR COURSES!
• Menu Planning Made Easy: https://underthemedian.com/menu-planning-made-easy/
• Debt-Free Christmas Binder: https://underthemedian.com/debt-free-christmas-binder/
• Personal Finance Planner: https://underthemedian.com/yearly-finance-planner/
• Home Energy Savings Guide:https://underthemedian.com/home-energy-savings-guide/
• Teaching Children a Biblical View of Money: https://underthemedian.com/biblical-financial-parenting-book-and-video-set/
//CAMERA GEAR USED:
○ Microphones-
Shure Microphones to plug into a mixer: (Great for interviews):
https://amzn.to/3eUMuKl
Blue Yeti mic with stand (Our favorite mic for Live Broadcasts) -
https://amzn.to/3pgEEiA
○ Studio lights - https://amzn.to/3pdgq8V
//TOOLS & SERVICES WE RECOMMEND:
○ Graphic Artist: Our Logo design is by: Sarah Hallam, graphic artist:, contact her at: polaroidsandpens@gmail.com.
○ Discount and Coupon Browser Extensions:
* Honey: (Coupon Browser Extension)
https://www.joinhoney.com/ref/m7n46co
* Rakuten: (Cash Back!) https://www.rakuten.com/r/HOPEWA158?eeid=28187
* Ibotta: (Earn cash back on groceries!) https://ibotta.risj.net/P2JJz
○ Mailerlite - https://www.mailerlite.com/invite/53867ca569af5
//COME SAY HI!
Our website: https://underthemedian.com/
Facebook: https://www.facebook.com/underthemedian/
Instagram:https://www.instagram.com/underthemedian/
//ABOUT:
We're Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on YouTube and visit us at our website and on social media.
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide we may receive a small commission. There is no additional charge to you! Thank you for supporting our channel so we can continue to provide you with free content each week!
//CONTACT:
For all inquiries, please use this email: hope@underthemedian.com
We begin by covering three popular methods of saving money: The 50/30/20 rule (first popularized by Senator Elizabeth Warren in her book, "All Your Worth", the envelope system (which allows you to allocate money in a budget by filling a separate envelope with money to fund each category of spending), and the 7 Baby Steps (known worldwide as the brainchild of Dave Ramsey).
All three plans work - and all three really boil down to a couple of specific concepts or rules for saving and spending money. But, which is the best? Watch the video to find out.
// SUBSCRIBE:
//TIP JAR: Want to send us a special "Thank You" for our content? Here's our PayPal email address: underthemedian@gmail.com
MENTIONED IN THIS VIDEO:
PRODUCTS:
○ Under the Median Personal Finance Planner: https://underthemedian.com/yearly-finance-planner/
○ Laminated Money Envelope System: https://amzn.to/3EXbahw
BOOKS:
○ All Your Worth, by Elizabeth Warren: https://amzn.to/3AJnYFL
○ Total Money Makeover, by Dave Ramsey: https://amzn.to/3AMYCqF
LINK:
○ Investopedia Article on the 50/30/20 Plan: https://www.investopedia.com/ask/answers/022916/what-502030-budget-rule.asp
//WATCH MORE BUDGETING VIDEOS:
○ How to Do a Financial Check-Up: https://www.youtube.com/watch?v=esFhCS8naEQ&t=5s
○ How to Save for An Emergency Fund FAST: https://www.youtube.com/watch?v=boTDpvkB_BM&t=12s
○ Fix Your Broken Budget: https://www.youtube.com/watch?v=ehAPT9fLU6I&t=10s
//SHOP OUR COURSES!
• Menu Planning Made Easy: https://underthemedian.com/menu-planning-made-easy/
• Debt-Free Christmas Binder: https://underthemedian.com/debt-free-christmas-binder/
• Personal Finance Planner: https://underthemedian.com/yearly-finance-planner/
• Home Energy Savings Guide:https://underthemedian.com/home-energy-savings-guide/
• Teaching Children a Biblical View of Money: https://underthemedian.com/biblical-financial-parenting-book-and-video-set/
//CAMERA GEAR USED:
○ Microphones-
Shure Microphones to plug into a mixer: (Great for interviews):
https://amzn.to/3eUMuKl
Blue Yeti mic with stand (Our favorite mic for Live Broadcasts) -
https://amzn.to/3pgEEiA
○ Studio lights - https://amzn.to/3pdgq8V
//TOOLS & SERVICES WE RECOMMEND:
○ Graphic Artist: Our Logo design is by: Sarah Hallam, graphic artist:, contact her at: polaroidsandpens@gmail.com.
○ Discount and Coupon Browser Extensions:
* Honey: (Coupon Browser Extension)
https://www.joinhoney.com/ref/m7n46co
* Rakuten: (Cash Back!) https://www.rakuten.com/r/HOPEWA158?eeid=28187
* Ibotta: (Earn cash back on groceries!) https://ibotta.risj.net/P2JJz
○ Mailerlite - https://www.mailerlite.com/invite/53867ca569af5
//COME SAY HI!
Our website: https://underthemedian.com/
Facebook: https://www.facebook.com/underthemedian/
Instagram:https://www.instagram.com/underthemedian/
//ABOUT:
We're Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on YouTube and visit us at our website and on social media.
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide we may receive a small commission. There is no additional charge to you! Thank you for supporting our channel so we can continue to provide you with free content each week!
//CONTACT:
For all inquiries, please use this email: hope@underthemedian.com
how to manage your moneyfinancial freedompersonal finance