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How I Manage My Finances in my 20s | Personal Finance System 2020 (Savings, Cards, Spreadsheets)

  • ๐ŸŽฌ Video
  • โ„น๏ธ Description
In this video, I talk about how I manage my finances in my 20s. My personal finance system is divided into two parts: Cash and Investments. For today, I'll discuss be how my cash system works.

I've started seriously managing my personal finances when I turned 18. There's a lot that I've learned since then, so I make videos like these to the things I've learned from my experiences.

Some of you guys have been asking me about how many bank accounts you should have. All in all, I have 13 "cash accounts" ๐Ÿคฏ This is made up of the cash I have on hand (3), my bank accounts (5), and my e-wallets (5). I know this sounds crazy, but hear me out!

I like to have separate accounts to separate my funds according to what I intend to use them for. If you put your funds all in one account, it can get tempting to spend them in one go. By having separate accounts, it makes it a bit harder for me to access some funds. As a result, I'm able to curb my impulse buying urges because it literally takes more effort to spend my money.

I also have a spreadsheet where I track everything! In this video, I'll be talking about my expense tracking spreadsheet, as well as how I track my general financial standing (net worth).


๐Ÿ’ต FREE CASH FOR YOU

1๏ธโƒฃBank Accounts


2๏ธโƒฃE-Wallets

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Send this video to your homies so you guys can benefit from managing your finances together! SUBSCRIBE for more videos like this! I post one video a week and I talk about personal finance, self-development, or anything I learn or experience throughout my life as a 20-year-old.

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๐Ÿ•ฐTIMESTAMPS
00:00 Intro, Featured Comments
00:48 Overview
01:41 How I Structure My Accounts
02:46 My Accounts: Cash on Hand
04:02 My Accounts: Banks (BDO, Unionbank)
09:00 My Spreadsheet Setup: Personal Finance Tracker on Google Sheets
13:00 Outro

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๐ŸฅณMilestones
100 Subs - May 23, 2020
500 Subs - June 6, 2020


๐ŸคBusiness Inquiries and Collaborations
โซHIT ME UP โซ


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#personalfinance #moneysystem

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๐Ÿ’ฌ Comments on the video
Author

NICOLE!!! THE ANSWER IS WE'RE ALWAYS INTERESTED IN WHAT YOU HAVE TO OFFER!!! Kung gusto mo ishare samin yung paggawa ng sa google docs, our queen go!! ๐Ÿ’– Thank you sa lahat ng tulong para umasenso rin ang ibang mga pinoy!! โ˜บ๏ธ Let's all get rich together mga kababayan!

Author โ€” Jean Rose

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Finally a filipino culture version of all those financial systems (and funnier)

Author โ€” Steven Ramos

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I FINALLY HAVE SOMEONE TO WATCH WHO HAVE THE SAME MINDSET AS MINE! Upload more vids! I love them! โค๏ธ

Author โ€” Alegre Banay

Author

Hey friends! Welcome back to this week's video. Tried the premiere feature today :)) As always, if you guys have any questions or topic suggestions, feel free to comment it. Check out the description for the links of stuff I mention in the video :D Thanks and stay safe always friends!

Author โ€” Nicole Alba

Author

I also use google sheet and I have a google form linked to the spreadsheet so I can input my transactions easier. It's difficult kasi to input sa spreadsheet pag sa phone haha and I have a shortcut sa home screen ko para mag open yung google form

Author โ€” Reginald C.

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I also have a spreadsheet that track my income and expenses. I started it last year. Now I also want to start making an investment tracker/portfolio when I saw yours. Plus points for the pie chart

Author โ€” Andie Garcia

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Yes to the spreadsheet making I'm doing my best to be mindful about tracking all of my income and expenses overall but I've yet to figure out the best way to track movement between all of my different accounts. colorful spreadsheets are life <3 Thank you for all the great content!

Author โ€” Stephanie Tornilla

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Thanks for sharing your system! I'm curious what the "agriculture" investments are and how you got into them. :)

Author โ€” Amiel Villanueva

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Thank you for this. Finally a localized version of these topics. Super thank youuu

Author โ€” Aira Gasta

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This is me. I love talking to my friends how I manage my finances and share software applications.

Author โ€” Agnes Ligas

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I finally found my kind of youtuber for finance topics!!! I really love the way you tackle on this serious matter in a friendlier and millenial way.

Author โ€” Divine Jillian Ibaรฑez

Author

Eversince I watched one of you videos, I found it interesting and really really helpful, especially at my age. So thumbs up! ๐Ÿ˜Š๐Ÿ‘๐Ÿป Spreadsheet please. Thank you!

Author โ€” Rhezie Ann Capola

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Im interested with the spreadsheet too !
I have a hard time with managing my finances and you do yours so effortlessly ! Its very inspiring !
Thanks nicole !!!

Author โ€” Sickly Prince

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Dude, youre a great teacher. Thanks for the quality content ๐Ÿ’ฏ

Author โ€” fiesta

Author

I use an app called expense manager so I can easily and immediately input expenses after spending. Then by day's end or after a few days I transfer everything to my spreadsheet. After years of tracking, I've come to a good balance of specificity and general categories.
Appreciate the content. Good job. ๐Ÿ‘Œ

Author โ€” rency corrige

Author

I really love the way you make your vids. It's way easier to understand, full of enthusiasm and I also love the memes โค๏ธ.
PS: I HAVE A QUESTION BUT IT'S PRIVATE SO CAN YOU REPLY IF IT IS OKAY TO ASK? ๐Ÿ˜

Author โ€” Roymark Romano

Author

How I wish that I have saved earlier when I was still in my teens, now that Im in my 30's na, medio mahirap nang mag ipon.. At sana mahikayat mo pa ang marami sa kabataan ngayon to be moneywise and invest.. And be financially independent and secure early.. Hope to learn more in your next videos.. Cheers

Author โ€” Mr__Clyde

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BEEN A WHILE since I last your vids hahahaha but this is great and I am interested sa GSheets hahaha

Also wow if I have a daughter I will teach her to save early unlike her momma hahaha

Also, does Union Bank have this annual card fee? I tried applying once and did not go through cause I wasn't so sure if other banks had it too. Haha!

Great job Nicole!!

Author โ€” Dayana Alecs de Guzman

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Hi! I'm glad to know that I'm not the only one who's tracking its personal expenses and assets!! ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ Anyways, I just want to recommend an application, it's called Money Manager available at the Play store (I don't know if it's also available for iPhone users) But, I have been using it for 2 years now. It really helps me to keep track of all of my personal expenses every day. Hope it helps!

Author โ€” Aeron Jo

Author

From ur blogs pa lang I really liked ur spreadsheets already. Couldn't wait for u to put out a tutorial on how to make it so I just recreated it on my own ๐Ÿ˜…

Author โ€” Carlos Villafuerte