My Digital Nomad Budget Advice for Beginners: 3 Steps to Create a Budget & Prepare for RV Life!

Finance & Freedom / RV Life

Digital Nomad Budgeting tips: Here’s How I Budget As a Digital Nomad! This is My digital nomad budget advice for beginners – 3 steps to Create a budget for the first time & How to prepare for RV Life so you can CHANGE YOUR LIFE — BE A NOMAD! If you want to learn How to be a digital nomad and How to RV Full Time, then these Budgeting tips for digital nomads are essential.

As a full-time digital nomad, I get a ton of questions about “how can I afford to travel full-time?” so I decided to make a video and explain my Budget tips for digital nomads more in depth. How to create a monthly budget along with my Digital Nomad Budget tips to eliminate debt, manage your expenses, and track your multiple income streams!

Here’s how to start budgeting as a digital nomad: THE EASIEST AND SIMPLEST WAY TO CREATE A MONTHLY BUDGET – My 3 STEP PROCESS Budget bootcamp!

Because Freedom is possible by living a mobile-life as a full-time Nomad in a RV, doing the van life thing, in a camper, travel trailer, or car living and working on the road from anywhere! But first you must Begin to budget by following these 3 steps to start creating a budget & becoming a digital nomad so you don’t run out of money on the road traveling, working remotely or while Full Time RV Living! Otherwise you might end up working from home again!

Which is why In this video, I’ll give you the three steps I followed to prepare for my RV Life and the bottom-line Full-Time Budget strategy I follow! These are my Digital Nomad Tips and Budgeting for Beginners – How to Make a Budget From Scratch

So Learn how to make a budget for the first time in this quick how to budget for beginners tutorial. Plus, The major categories your budget needs, how to setup your income and expenses so you know if you are overspending or hitting your goals.

Wondering How to become a digital nomad? These “RV budget or Nomad Budget Tips” are only one of the steps for How to start as a digital nomad! Preparing for RV Life requires more than just knowing How to Create a Budget From Scratch…

🚨 [DOWNLOAD] >> My ULTIMATE GUIDE to making money online as a Digital Nomad from Anywhere:

ABOUT ME:

If we haven’t officially met, Hey I’m Blogging Brandi An EX-Corporate Kool-Aid Drinker, born to be Creator, Female Digital Nomad & Entrepreneur who LOVES RV Living! (oh and Sharing My Advice On YouTube!) Plus, I’m the creator of RVersity, my university for RVers & the name of my other YouTube channel! I’ve also been a licensed cosmetologist for over 17+ years and Graduated From College as a Finance Major… But I decided to quit my job, sell everything to start my own business (and if you’ve seen my story then ya know why I live in an RV aka how I ended up becoming a digital nomad or should I say a “nomadic entrepreneur”)! Now I help others who want to follow in my footsteps…

If you can relate please don’t hesitate to WATCH this video, hit that like button and drop a comment below to let me know! And, of course Be sure to SUBSCRIBE to My YouTube Channel HERE!

🎥 P.S. In Case we haven’t officially met you can WATCH MY STORY HERE!

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More videos about My FULL-TIME NOMAD / RV BUDGET / RV Expense etc besides these 3 Steps to Starting your Nomadic Life, Creating a Budget & Living:

More great videos: https://youtu.be/XL60tPbY2YE , https://youtu.be/Oelj-1iWFlU , https://youtu.be/3pslPbfpnzk , https://youtu.be/7lHNMGoACdQ , https://youtu.be/MUVPUINxHu4

PLAYLISTS:

VIDEOS MENTIONED:

00:00

I cannot tell you how many emails comments texts phone calls you name it that I’ve gotten today or even this week alone about people that tell me they have a bad relationship with money and it is stopping them from starting their RV life or stopping their RV life and digital Nomad dreams if you feel like you have a bad relationship with money or that your finances are holding you back from becoming a digital Nomad and starting your RV live then this video is for you I’m breaking down and telling

00:31

you my three simple steps you need to take to get your finances in order so that you can become an rving digital Nomad and live that dream life on the road working remotely and so you never have to worry about running out of money or going broke or if you can afford a v life again so if you said oh I need to make more money that’s going to be the solution I can tell you making more money isn’t always the solution you might need to know where your money is going in order to fix the price problem

01:00

before you worry about making more money make sure that you’ve sat down and done these things which is creating a budget in this video I’m giving you three steps to actually do that this is not a video about my digital Nomad or RV living expenses or cost anything to do with that budget expenses cost because I’ve made tons of videos about that this is how I would create a budget even before I started RV living but even after I’ve started RV living I’ve taken all those fun videos and put them in an amazing

01:28

playlist that you can watch after this video is over in case you’re wondering who I am and how I know what I’m talking about and you don’t know my story I’m blogging for any of an ex-corporate Kool-Aid Drinker I actually quit my job in finance from Bank of America Merrill Lynch started a business and then ended up in an RV like I said if you don’t have a story that’s how I’m actually teaching you here in my RV about budget and finance and all that if you haven’t subscribed please subscribe to this

01:54

Channel and hit the Bell icon so you’re notified each and every time I publish if you can relate to me I am teaching other how to do the same thing over at our Varsity I break this down for you and I’ve actually showed this strategy to some students they have paid off over twenty thousand dollars in debt they have you can say either saved hundreds of dollars a month or made hundreds of dollars a month after they’ve gone through these steps it depends on how you look at it the glass half full the

02:21

glass half empty perspective so many things that can come from this I’ve even had people take their credit scores up from sitting down and looking at this almost 100 points 99 points in five months there’s money that you may not know that you’re spending even if you don’t have a phone a computer or anything else which you should if you’re a digital Nomad which I went through in one of my prior videos about getting set up and all your Essentials and how to stay organized which you can watch after

02:45

those videos over you need to know here’s how much money I have going in here’s how much money I have gone out and you can put this on paper so you don’t have to have a computer I’m breaking the sound like as simple as I can so think about like budget base so let’s dive into the three steps that you want to take and you might want to get a pen and paper if you don’t already have one so that you can follow along first thing that I would do if I was trying to create my budget write down my expenses

03:14

I want to go through and I want to write down all of my expenses that I have incurred the best way that I’ve found to do this is to go through your bank statements online transactions all of your daily monthly annual living expenses you want to put on here think about all of the expenses that you might have it could be your cable and Wi-Fi your car payment it could be your insurance payment it can be your house payment it could be your RV payment whenever you get your RV all of your expenses that you have if you look at

03:47

all your statements all your transactions your bank your credit cards and say like okay this is what I’m spending my money on this is what you’re going to write down and put here so if you’re going to Target or Walmart or Dollar General it needs to go on here and you don’t want to duplicate so like if you’re putting something on say like a credit card you want to break down and say look this is how much money is going towards living expenses versus Bills and utilities and things like that you want

04:13

to put all of your fences down on paper those are both your needs and your wants that you’re spending money on you have to figure out like where your money’s going in order to find a way to fix where it’s going for instance one of my clients was spending money on a credit card and then they were spending money at like the Dollar General and Walmart and just buying like all their little Necessities but when we put it down on paper they were spending like 500 a month on random stuff and I was just

04:44

like do you really need all those things and even though they’re discount stores they’re not always the best to do wants versus needs is key and then writing everything down you’re gonna write down all of your expenses that’s the first thing now the second thing that you’re going to want to do is write down your income you need to know how much money you have coming in to your bank account and where it’s coming from so you need to take a second to write down all your income

05:12

streams and think about where your money’s coming from so like your paycheck it could be a disability check it could be a pension check and then you want to add up your assets so like your checking account savings account many that you have like already sitting around investment account 401K how much money do you already have sitting in savings an investment account versus like how much money you have coming in so you want to take your income your income plus your savings because income is essentially something that’s

05:40

productively happening your savings and Investments are kind of like stagnant money what you’re trying to figure out is okay all your expenses and also in your expenses you want to be making sure that you’re writing down not like oh I owe five thousand dollars on a charge card or whatever I’m going to show you where to put that here in just a second but how what’s your minimum payment on that charge card or minimum payment on your your student loans minimum payment on your electric bill which your

06:06

electric bill is probably your full Bill I’m going to show you a little bit more of that breakdown so all your expenses like today everything that you have to pay for and then all of your income plus your savings you want to have all of that out of your expenses out of your income and savings also when you’re thinking about income I want you to think about any assets that you might have your car your house your belongings when you think about when they say like what a celebrity’s worth it’s normally

06:31

all their assets oh they own this house in New York and they have another house over here in California if you added those things up plus there are cars and the amount of money you think that they’re making from like these movies or whatever what are they worth it’s not really like how much money they have in their bank accounts when they say like what are celebrities Worth or what a person’s worth it’s not really that per se your assets are also part of like your income and savings and when I think

06:55

about like if I had to liquidate my life right now what do I own like I can sell my car my car’s paid off but like even if you owed on your car you might still have a little equity in it so that’s why I say like think of those things so this is like putting yourself on paper sort of like a financial plan but this is what I’m worth on paper where my money’s coming in and going the third thing that you want to do to write down your credit and death anything that shows up on your credit reports but you want to go

07:27

through your credit card statements think about also student loans car loans personal loans so looking at your credit report is a really good way to find this if you pull up your credit report I tell all of my students to go to experian.com and also creditkarma.com that way you know your Experian credit score and report and what they’re all reporting about you on Credit Karma you know you’re Transunion and Equifax credit report so you want to see what’s all out there under your name and if they’re

07:59

saying like oh you didn’t make payments on certain things or if your credit score is good or it could be a bad credit score but it could be because you don’t have any credit but you want to know if there’s something out there in your name especially if you’re going to be like buying an RV or applying for a credit card and you do need Credit Finance is your friend cash is King keep that in mind check your credit card statements look at your credit reports then you’ll want to track things like

08:21

your total balance so when I’m thinking about credit cards and step three I want to make sure that I write down things like the total balance is the first things the total balance like owed on the credit card or on the loan and then the other thing that I want is to know my minimum payment what’s the minimum that I actually have to pay on this credit card or loan each month and this one is what’s really important for what you want to put over on your expenses report so that minimum payment is what

08:58

you need to think about when you’re thinking about your expenses think about what I owe minimum payment so if everything stopped today what money am I spending or do I have to spend so even if I don’t spend any more money like what what’s going on for your credit total balance minimum payment due date the date that the payment is due so like if your payment’s due on the first or the 15th of the month like I like to look I put this in a spreadsheet and I teach all my students to actually put

09:25

this in a spreadsheet I call this my budget spreadsheet then I give to all my students and I’m like hey have you filled out your budget spreadsheet so they showed to me and I’m able to see like oh that’s where your money’s going or figure out like how much runway money they have until they run out of money or how long they can last if they lost their job tomorrow or if they decided to just quit and embark on their RV Journey this is really the strategy I teach them so I’m showing you how to do this on

09:48

paper not in a spreadsheet so I’m trying to make this like a super simple as I can so if you looked at your credit card statements and looked at your credit report you should be able to find out your total balance your minimum payments your due date the interest rate and the amount of money going towards interest so the percentage rate and then the dollar amount of interest so you want to know how much money is actually being paid on that bill that’s going towards interest versus the principal and that actually

10:18

happens in the beginning of any kind of loan that you’re paying more towards interest than you are towards principal and then over the life of the loan you start to pay more towards principal as the interest goes down so it’s just kind of normal and that’s not necessarily true on every loan I’m just saying it’s it’s not abnormal I know some people say like oh my God I looked at my statement and I was paying so much towards interest I just like quit making payments I’m like that’s not how that

10:41

works interest versus principal and then you also want to know your available credit your credit credit limit or available credit this is all for credit and debt you need to know total balance minimum payment due date percentage and amount going to interest and then your credit limit and available limit and you can get all of that from your statements your credit reports and so that’s going to be for credit cards personal loans auto loans student loans things like that and those minimum payments from over here again

11:14

are gonna go into your expenses category over here so when you think about um paying down those debts that’s not you don’t want to think about like oh I got all this to pay you just want to think about like minimum payments if if something happened to me tomorrow how do I just make the minimum payment speaking of which always always make the minimum payments on your credit cards and your loans and make them on time never not make payments on your bills or anything that can hurt you because that’s going

11:39

to last for seven years and you don’t want that to happen so that’s why you should also be checking your credit reports and making sure that any of these things that might be showing up are aren’t showing up and how they’re showing up once you do this and sit down you’re going to see like where all your money is coming from where all of it is going plus you’re going to be able to put together like a financial plan and a debt consolidation plan or a debt plan to get out of debt or to pay down your

12:02

debt and achieve the RV life and digital Nomad dreams that you’ve been seeking next I kind of broke this down already but you want to take your income and you want to subtract your expenses so tell cuddle up your income plus your savings and subtract your expenses from it so this is a little bit backwards income minus expenses total income pleasure savings minus expenses so you have to say how much money it’s going to cost you either for the next six months or the next year I like to do

12:35

monthly you can do daily however but I would say start like monthly but figure out okay this is how much it cost me to live every week or every day or six months figure that out okay you’re gonna total these up take your income plus savings minus your expenses your total expenses like I said is you’re going to be your minimum payments and bills required to to live and then income streams is going to be where I’m at now if everything stopped if you lost your job tomorrow why are you sitting or how

13:00

much can you kind of expect like oh I make a thousand dollars a month plus I have five thousand dollars in savings you want to know those things okay so you can add all that up subtract that and then what you’re going to figure out is how long will my income cover my expenses how long can I live for how long if everything stopped today am I going to be able to survive is it one day one week one month and that means that you’re not adding to your expenses and you’re not adding to your income so

13:24

you want to figure that out if you don’t create any more expenses and you don’t generate any more income how much runway money do you actually have and then the next thing that you want to do is you want to go back to the credit and debt that we were talking about here I want to say okay let me look at these credit cards that I have and what I’ve all written now are loans or balances and let me see which ones have the highest interest rates which one am I paying the most on like minimum payments total

13:53

balances like where am I at and once you can see these out on paper it’s a lot easier to figure out like okay this is what I need to do to fix the problem you want to say like okay can I save any money paying off a debt and then is there anything that I can transfer to like a zero percent credit card or if one credit card’s 20 interested in another credit cards 12 interest maybe you want to transfer your if you can you want to try to transfer your 20 to your 12 depending on the fees and the

14:17

interest and all that that goes into it on a balance transfer but you might could apply and get like a zero percent credit card and then you’re paying zero percent it’s like free money say for six months or a year and then everything you pay towards that debt actually goes towards the principal instead of any towards interest that comes from having a good credit score which comes from checking your credit report which comes from writing all of these things down and having a budget this is the first

14:39

thing that I do this strategy writing down credit and debt um which comes from like my financial planning background as well as writing down your expenses and income savings and Credit and debt you have to have these these things written down so these are the three steps first one being to write down all of your expenses the second one being to write down all of your income streams and the third one being you know being to write down all of the credit and debt that you have and then go through like I talked about and

15:13

subtract that out and figure out like how long can I last where can I make changes which is what I’m able to do with this little financial planning background inside of adversity and with my students and show them like hey I see what you’re doing over there but maybe you want to tweak something here or there I’ve had some of my students are actually getting on the road to rving a year earlier than they even expected things can happen really fast or really slow and another thing credit and debt

15:40

take a really long time to fix if it might take 30 days 60 days 90 days for something to show on a credit report or you to be able to track it or changes that you’re trying to make so one of my students just got a credit card they have credit but they didn’t really have credit so they had bad credit they just got a credit card but it’s taking over 30 60 days to get credit in their name and to show up on their credit report so if they want to go apply for an RV a tiny house or some type of you know

16:07

other living Arrangement anything you have to have credit for that okay so you’d be amazed how many people make good money and they have no idea where their money’s going where it’s coming in from or anything about it and it is like magic when they sit down and write down all these things magic happens I want to know your biggest takeaway what is your biggest takeaway do you do this do you already have a budget how do you keep up with this if you don’t have any kind of digital budget this is how you can do a

16:33

physical written budget except before they have computers you actually had to do this I remember my very first accounting job they were like oh you need to learn how to do all this on paper before you do it on the computer I like to work smarter not harder getting your finances in order is only like one part of the whole digital Nomad RV living thing I would highly encourage you to learn about four-step formula and strategy which I call my full-time RV living formula in my free RV living master class which I’ll drop a link to

16:59

below this video and it’ll teach you my entire strategy for minimizing your life mobilizing your life multiplying your income creating multiple streams of income so you can get on the road way faster than you probably ever imagined that’s down below this video but if you’re like hey Randy I really know that I want you girl in my life I want you to be my coach you can book a call with me below this video as well and learn all about diversity and working with me if we haven’t officially met make sure that

17:24

you check out my story below this video and you can learn all about me and how I quit my job and in and up in an RV it became a digital Nomad if you like this video hitting the like button below don’t forget to drop a comment below let me know your biggest takeaway what you actually learned from this thanks for watching don’t forget to subscribe and hit the Bell icon so you’re notified the next time that I publish a new video I’ll see you in the next one love you foreign [Music]

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Updated: August 22, 2025
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