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How I Manage My Finances in my 20s | Personal Finance System 2020 (Savings, Cards, Spreadsheets) - YouTube
Channel: Nicole Alba
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trap every single vessel yo one of the
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things that I always say in life
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spreadsheet everything spreadsheet
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everything what's up friends welcome
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back with this week's video we're so
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close to 1000 subs thank you alright
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guys my name is eagle and I make videos
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every Wednesday and I mostly talk about
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personal finance but sometimes I
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sprinkle in some self-development stuff
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so yeah if you're into that subscribe
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and yeah let's go on with a video
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featured comments I'll done hmm no job
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I've tried to watch this last night when
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I was drunk and I couldn't but hey this
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is very helpful oh that's the first time
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I've heard that I didn't know that
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people watch my videos wrong nice one
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solid well this week we're going to talk
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about my personal finance setup so many
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of you guys have been asking me to like
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show my spreadsheets how I track my
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stuff and this week that's exactly what
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we're gonna do so yeah you know giving
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the people what they want you guys are
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interested in that keep watching
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I personally love watching videos like
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this I watch a lot of people who share
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the apps that they use their systems
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hopefully you guys find something
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interesting from my glorious spreadsheet
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set up and then bring it to your own
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setups I keep stressing the importance
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of tracking every single peso every
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single cent that goes in and out of your
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accounts oh okay we get it but like how
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how do you how do you exactly do that so
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this is what we're gonna do I'm going to
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discuss how I divide my accounts like
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the house that I have and then what they
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use them for in the second part we're
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going to talk about my spreadsheet like
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how it all works all right I guess let's
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just jump right in I divided my entire
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finance thing into two categories cash
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and investments for this video we're
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only going to talk about how I track my
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cash flow my entire cash system mostly
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the expense tracking part basics as
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always and a separate video I'll talk
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about how I track my investments some of
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you guys ask how many back Lots do you
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recommend for Millennials that's with
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everything that I say it really depends
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I personally have 13 accounts phenomenal
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at minimum my reason for having so many
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accounts
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that I don't like keeping all of my
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money in just one place it's tempting to
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spend if you see such a big amount in
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just one space so I'd like to separate
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them into different amounts into
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different maps that's gonna stop me from
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just like spending that crazy so it's
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like in my brain this spent good this
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been bad no no I don't know I don't
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think there's any consequences a lot of
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the thoughts that I have have no
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maintaining balance
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alright so accounts so I have three
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categories from my accounts one is the
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cash that I have one hand two are the
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backgrounds that I have three my
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e-wallets alright so on hand I have two
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accounts so the first one is my own
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tiger wallet and then the second one is
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what I call my home wallet this is them
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this is ugly so the first one this may
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undergo wallets whenever I go out this
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is the wallet that I have
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I hate those like big bull you wallets
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so I prefer to have smaller ones like
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this nothing special it's just my money
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in my cards my bills are arranged so I
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spend the ugly blows first before I
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spend the nicer crispier bills I'm weird
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like that I don't know if any of you
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guys do that also I have two cards my
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pay my accord and my union bank card
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next my home wallet so funny story about
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this wallet I think I was around seven
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years old my family and I rode the bus
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and then when I went to the back seat I
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found this empty wallet there was no
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money in it there was no there were no
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IDs or anything it was just a wallet so
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until now I still have it the reason why
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I have it is because I don't like
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carrying lots of like cash in my
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on-the-go wallet
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I don't like withdrawing so I just like
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having some cash at home so I can reload
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this yeah that wallet then I mentioned
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this in one of my videos I actually have
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a free to spend fun so whenever I spend
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something I deduct it from here and this
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has no more cash then that means I can't
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spend any more let's talk about my banks
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so all in all I have five bank accounts
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let's go through all of them
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so the first one my video passbook
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savings account I've had this ever since
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I was younger so I mentioned in one of
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my videos that I really know saving like
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for some reason I just hoard money after
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every school year I would like gather
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all my money sort them segregate them
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fill up deposit slips and then make my
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deposit into my account and this one is
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enrolled in through online banking
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nothing special they're not perfect but
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you know it works so for those of you
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very interested in opening an account
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with bbo they have like two basic
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account types this is the first one in
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step the passbook savings around so
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another option a PM savings account next
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one I just opened this account recently
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so this is the Union Bank play every day
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around and I I'm so impressed without I
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mean like the video app is not bad okay
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long it freezes from time to time but
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the Union Bank app is so pretty like the
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UI is so beautiful it's so beautiful man
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second game fight savings around with
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where you can earn points and stuff and
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it's geared for Millennials you have to
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be twenty to thirty five years old to
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open it on they offer a credit card and
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a debit card so what I have is Union
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mouth play everyday debit card you get
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one point for twenty pesos spend and if
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you have the credit card you get one
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point for ten per husband I'm not
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eligible for a credit card yet because
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of my age and I don't have a job this
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amount has no maintaining balance but
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then that's like a trade off you don't
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have the maintaining a balance in your
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account but you need the big one five
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hundred bases every year you don't have
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to go to their branch to sign up for an
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account I actually open an account
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through their app filled up the form and
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stuff and within five to ten minutes I
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have my account I was able to request a
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delivery of my debit card through the
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app they delivered it to my house I
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mostly use it to earn points on the card
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and they have a lot of partners and they
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have a lot of merchant partners on their
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app and another cool thing they're
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offering free instapage transfers until
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December a little bit and then we can
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talk about my last three high interest
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savings around so I have an account
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under G Save tamb up save a file and
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then an ING aha all of these banks are
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digital bass with no maintaining balance
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they give higher interest than most
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backs if you guys are interested in
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learning more about that check out my
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video on the best higher savings
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accounts this is where I keep the bulk
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of my money what I usually keep in these
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outs are my my emergency fund awesome
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books that I'm saving up for in the
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future so at least I get some interest
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in them
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alright those are the backup out that I
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have now let's talk about my in wall
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pounds I have G cash pay my points are
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pH crappy and paper so first let's talk
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about G cash like ever since I started
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using G cash and then up to where it is
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now like so much stuff has happened to
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the app and it's amazing cashless
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revolution that you don't really need to
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bring cash anymore I really like G cash
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because for one there's some built-in
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bank account in your G cash app through
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save money there's a lot of services I
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usually use it for my online payments
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and bank transfers if you haven't opened
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up G cash account yet you can use this
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QR code to get 70 pesos worth of
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freebies next we have pay Maya it's very
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similar to what pika has to offer I
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mostly use it for online shopping one of
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the special things that they have is
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that they have a digital card you're
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gonna have to verify your account but
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then like once your account is verified
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you can use the digital out there and
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that's what I suggest everyone to use
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whenever their online shopping yeah you
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stay safe with your online purchases if
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ever there is someone compromises your
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help videos the only thing they'll have
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access to is like the limited funds you
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have in your pay my account mostly my
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wallets are empty whenever I need to
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like spend and buy something I had load
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it and then I spend if you don't have a
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payment account yet you can use my
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invite code I'll also leave a link in
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the description below help out the
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channel get 350 all right let's go and
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then I have coins that pH selling point
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of the coins out pH app is that you can
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buy crypto currencies within the app the
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crypto currencies that they have on
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their app is Bitcoin Bitcoin cash
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theorem and ripple so therefore the
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crypto prices in within the app is so
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expensive I don't recommend people to
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buy from there don't if you're gonna get
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into crypto you know you can get better
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prices elsewhere and I'll talk about
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that in a separate video all right so
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the next one is grab me I've only
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started to use it more just recently
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grab a was just used to pay for your
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grab raids but now it's there's so much
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more within like the grab pay app you
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can pay your bills within the grab a app
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and then you can also use it to transfer
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to different banks the most interesting
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new feature of the grab a app is similar
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to the one that's in pay Meyer the
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digital grab a card and you earn more
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points whenever you use the grab B I
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love earning points alright so last
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thing we
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papers I used a pal a lot before because
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I would go on these online freelancing
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sites and then received my payments
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through paper so yeah that's all those
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are all of the accounts that I have it's
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important to track everything I have so
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many accounts how the hell do I keep
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track of all of these accounts well it's
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all about my spreadsheet so proud
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position so as you guys know I've
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seriously got into this person of
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nesting about two years ago when I
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turned 18
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because after reading Rich Dad Poor Dad
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financial walking I started to take my
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finances more seriously I'll show you
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guys where it all started how I started
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tracking all of my stuff sorry when I
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was starting out it was so ugly as hell
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on video if you're an accountant and
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then you see my leg set up and you think
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that's wrong that's wrong word I'm sorry
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I don't know stuff about the mounting
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this is just what I do
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and this is what helps me keep track of
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my entire financial accounts and
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everything that I do it works so apps
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never really worked for me they were
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never able to track exactly what I
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wanted well I wasn't consistent with
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using the app so I just decided you know
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what I'm just gonna make my own
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spreadsheet I can create the system that
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I want we could do exactly how I want it
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to be this is my entire finance
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spreadsheet the system that I have now
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they didn't always look like this so the
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first thing I did I'll show you my money
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tracker so the very first thing I did
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was list out all of the accounts that I
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have and then how much I had in each
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account I wanted like a clear picture of
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where I was starting from I started
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known June 2018 so I would list out all
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of my accounts back crash envelopes home
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wallet all those things in addition to
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this like I had another sheet that
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worked hand-in-hand rooibos it service
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my expense tracker I call that my
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informal cash flow sheet like I divided
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per month date the activity is just like
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a description of what the transaction
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was what I used them for again and just
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to let me know where the help is this
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one of the 16 pieces come from for
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example so ugly I'm not proud of this it
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got me consistent with like trapping
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every peso I wasn't perfect at the start
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you can see like these parts that I miss
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track I like I missed out on certain
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amounts that I wasn't able to track
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unaccounted it's like 950 I don't know
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where that 950 came from so five better
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sorry wasn't able to track that I
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changed this up I thought of a way to
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improve it by
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a bit so this is my cash flow sheet 2.0
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this is more or less similar to what I
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have now like I put a drop down menu I
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know if it's an income if it's an
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expense or if it's just me like
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transferring funds now it's all about my
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spreadsheet to date so now I divide it
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per quarter in there's like four main
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parts to my Brigitte list of my accounts
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my Huntley their current balance of that
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account so you can see how much I have
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in each account and then to the left how
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much I want to maintain in that account
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so that I don't go under it I tagged my
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transactions whether if it's an expense
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whether if it's an income if it's added
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to my account debit credit bayen or
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something I don't know the terms an
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addition to my account it's in green if
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it's a deduction it's in red if ever you
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like my setup I'll create a video on how
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to build this in Google sheets so if you
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guys are interested in that comment down
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below
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instead of apps I use my spreadsheet say
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I have it everywhere I mean like
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specially this spreadsheet is free some
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of the apps have like limitations on how
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many accounts you can add and not
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someone who has no bueno no bueno sorry
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in addition to this cash flow sheet I
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have this thing I call the overview it
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just gives me a snapshot of my net worth
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a financial standing I separate my
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account it's two categories that's the
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cash and my investment I also added like
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a composition of my portfolio if you
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invest too much in one thing chambray
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you're exposing yourself to a lot of
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risk within that certain sector I didn't
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know this before I'm very I'm super
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exposed agriculture crowdfunding sectors
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my farm on capital don't I mentioned in
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one of my videos I'm aiming to bring
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that down to just 15 percent I'm still
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planning to do a rebalancing of my
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entire portfolio
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I'm skipping 30% of my entire portfolio
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in cash cash stuff and then the rest are
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invested I'm close to that right now I'm
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not quite there yet I'm still wanting to
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adjust within things I have so many
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years ahead of me since I'm not gonna
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touch all of my money in a mine I'm just
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gonna keep them in income generating
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investments so if you like this video if
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you found this helpful like and
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subscribe hit me up on Instagram leave a
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comment down below what do you do to
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manage your finances what are you
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planning to do if you're still starting
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out I want to know to share your
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thoughts thank you so much for watching
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I'll see you guys next
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three bye
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[Music]
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