We Americans tend to be private when it comes to our money, even though we’re really not private about much else.
Growing up, I would always see my mom work her budget, but she never explained to me how she kept a budget.
When I was a teenager, working part-time and paying for my own car (that broke down frequently and often needed repairs), she would give me budgeting tips, but that’s as far as my instruction went.
Even so, I’ve always been a budgeter.
Through reading several personal finance books and using YNAB, I learned a system that works well for our family and that I’ve used for years.
However, if you’re new to the budgeting scene, there’s a much more interactive way to learn how to budget—watching YouTube budget videos.
Yep, that’s a thing.
I’m new to the world of watching YouTube budget videos. By far, the one I have enjoyed the most is The Budget Mom.
Benefits Of Watching YouTube Budget Video
There are three main benefits to watching budget videos.
Learn New Money Management Strategies
Watching budget videos is like having your own personal budgeting coach come to your house and share what works and what doesn’t.
The Budget Mom has a number of video topics, but each month, she goes through setting up her monthly budget, stuffing her envelopes, and recapping or closing out her budget for the month. Learning how to do this on a regular basis can be very helpful.
Vloggers who vlog about their budgets usually also include videos about ways to save money and their financial goals for the month and/or year.
Get Inspiration
The Budget Mom paid off student loan and credit card debt, so she knows what that’s like. But it’s also inspiring to see other people exercise discipline when it comes to maintaining their finances and building wealth.
Another vlogger I watch, Frugal, Fit Mom, is not a budget vlogger per say, but she does include monthly budget recaps. She and her husband are on a mission to pay off their house by the time their oldest graduates from high school just four years from now.
Many of us don’t have good role models when it comes to managing money, so budget videos are one place you can go and find inspiration.
You Can Find A Like-Minded Community
The Budget Mom’s presence goes well beyond YouTube.
She has an active Facebook community and an Instagram page where she shares short videos.
If you’re looking for a like-minded community when it comes to being financially responsible, budget videos can be the springboard that allows you to do that.
Caveat
Of course, when watching these videos, use your own judgement and standards with what you do with your money.
I was dismayed when I watched one budget vlogger’s videos about finding extra money in your budget to pay down debt. She listed what she would cut to get her budget down to bare bones so the rest of the money could be applied to debt, but one of the things she suggested cutting as “unnecessary” was her $9 a month life insurance policy.
I’m sorry, but $9 a month or $108 a year won’t make that big of a difference in your debt pay down efforts, but if you die and you have life insurance to provide for your child even after your gone, that will make a world of difference.
Follow your own judgement and disregard advice that goes against your beliefs.
Budget videos are surprisingly interesting and can help you improve your finances.
Do you ever watch budget videos? If so, which ones are your favorite? Leave us a link in the comments to your favorite YouTube budgeters!
Budget Videos To Get You Started
Looking for some inspiration? Here are a few budgeting videos to get you started.
Start Your Budget Today
Now that you’re inspired, it’s time to get working and start your budget today. Here are some helpful tools and references:
- Tiller Money – Automated Budget Spreadsheets Software (review)
- You Need A Budget – Software (review)
- The Great Big List Of 75 Budgeting Tools, Finance Software And Smartphone Apps
- How To Teach Your Kids To Budget At Every Age
- 3 Reasons A Budget Will Help You Get Out Of Debt
- Doing A Zero Based Budget Will Lead To Found Money
- Bible Money Matters YouTube Channel
Share Your Thoughts: