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

  • 🎬 Video
  • ℹ️ 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.

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Some of you guys have been asking me about how many bank accounts you should have. All in all, I have 13 "cash accounts" 🀯 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).


πŸ’΅ FREE CASH FOR YOU

πŸ’³ Apply for Citibank Credit Cards

1️⃣Bank Accounts


2️⃣E-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.

🍞BreadFam

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πŸ•°TIMESTAMPS
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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πŸ₯³Milestones
100 Subs - May 23, 2020
500 Subs - June 6, 2020


🀝Business Inquiries and Collaborations
⏫HIT ME UP ⏫


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#personalfinance #moneysystem

πŸ’¬ 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!! πŸ’– Thank you sa lahat ng tulong para umasenso rin ang ibang mga pinoy!! ☺️ Let's all get rich together mga kababayan!

Author β€” Jean Rose

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

Author β€” Steven Ramos

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Nicole: "I can't wait for 1, 000 subs!!"
Me: * looks at 60.9K subscribers count*
<3

Author β€” Jazz Girard

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i’m an accountant and people find it funny how i use excel for everything financial (personal) but it’s just too powerful. i always thought they’re missing out.

Author β€” ejay t

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Finally, the youtube algorithm is making sense with the suggested videos.

Author β€” Audrey

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I FINALLY HAVE SOMEONE TO WATCH WHO HAVE THE SAME MINDSET AS MINE! Upload more vids! I love them! ❀️

Author β€” Alegre Banay

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We're exactly the same. Me digging to your channel is not accident. I found another me. Love your vids! 🀎🀎🀎

Author β€” Jessa Cousart

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"So close to 100 subs!!"

Now at 104K!! Congrats!

Author β€” Isabelle Kim

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Adulting is really harder than what the media make it looks like. Hahaha. Good thing channels like yours exist. πŸ’œπŸ’œπŸ’œ

Author β€” angela cayonte

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

Author β€” Agnes L

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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 β€” Divine Jillian IbaΓ±ez

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As a financial educator, this is very helpful to Filipino people

Author β€” Mc PG II Abayan

Author

I think magandang next content is: on how you start, like motivations, whys, hows, like basically full-on tutorial. Kasi like ako I’m super interested to do it but I don’t know how to start and where even? Lol. Suggestion lang po and ang ganda ng mga content mo!!! πŸ’™

Author β€” James Zeonel Leones

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 β€” Nicole Alba

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how are u only 20 yrs old 😭 i feel so intimidated as someone who's about to turn 18

Author β€” dol

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I tried my teenage niece to watch your vlogs. I mean they are so lucky that your generation has these kind of channel. Teaching young people about finance.

Author β€” Benjamin Caldona

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I was literally LITERALLY just thinking about setting up my own financial system for 2021 and Youtube randomly suggested your video. The creepiest!!! Your vids are very helpful btw!! Helped my normal, non-technical brain to understand these things ☺️ looking forward to moreeee!

Author β€” Merolene Christine

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I'm 19 and I also read Rich Dad, Poor Dad, so glad that it was recommended to me last year, read that book, guys! Hehe

Author β€” Neil Gardon

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I'm 19 now. I have no work and no allowance due to pandemic and I'm glad I had this in my recommendations! I will need this thank you!

Author β€” Maxxe Dimana

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Having lots of bank accounts can decrease the risk too. In case of bankruptcy, up to 500k is insured by PDIC. Skl if u guys dont know hehe

Author β€” Jeon Chae Min