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#2020financialreview #whatispend #financialindependence Hi Friends! In this video, I do a breakdown and overview of my total spending for 2020. With this, I also reveal my gross and net-income for the year, as well as calculate my spending as a percentage of my income. SPOILER: I reveal that I spent less than $10k for the entire year, excluding debt payments and investment contributions. 🔘 ❗️ For a limited time: get $30 to invest from M1 Finance when you open an account and invest $100 in (*affiliate/referral link): https://m1.finance/DuRJz7yof99E 🔘 ❗️ Try a free 34-day trial of YNAB yourself AND get an extra month for free with my referral link: https://ynab.com/referral/?ref=1dnFJo... My Situation/Context: If you are new to my channel, I'm a 23-year-old woman living at home for pretty cheap ($400/m) while working full time. I recently paid off $28k in student loans and have focused the last half of 2020 on investing and building a strong foundation for F.I. 🔘 First video of mine? Check out my budget with me video playlist: • YNAB Bi-Weekly Budget With Me | 2020-2021 🔘 follow me on Instagram: @zennialfinance / zennialfinance 🔘 Check out my How to Use YNAB playlist for some highlights on my favorite features: • How To Budget and Use YNAB 🔘 All of my links in one place: https://linktr.ee/genzfinance 🔘 Upcoming videos (Subscribe to stay up to date!) ◾️ January BWM #2 (next Friday) ◾️ All about Wish Farms (late Jan) ◾️ Jan 2021 Review/Net-Worth Update (Feb 2nd) Timestamps: 0:00 - intro 0:18 - quick about me 0:37 - 2020 income breakdown 2:26 - how I use ynab for spending data 3:12 - overview of spending data 4:13 - net income 2019 v 2020 4:55 - bills/basic living expenses 5:43 - subscriptions 6:10 - monthly varied expenses 7:02 - giving & gifts spending 7:47 - % of net income vs % of spending 8:37 - sinking funds spending 9:47 - debt repayment/student loans 10:42 - cost to work :/ 11:22 - no speeding tickets for me this year :) 👍🏻 11:35 - investing $$ in 2020 12:34 - total spending summary & net savings 13:25 - spending not including debt or investing 14:05 - "I spent less than $10k in 2020 & 2019" 15:00 - addressing the elephant in the room 15:53 - total yearly investing contributions 16:23 - ynab income breakdown graph 17:22 - 2020 net-worth growth 17:50 - outro