Great suggestion! Can you provide some context on how you’re doing it now? It’ll help me translate it into Monarch

Monarch doesn’t have a default way to budget by paycheck, so you’ll have to do some workarounds to get the setup you need. Here’s something you could try for your situation: Group: Paycheck 1 Categories: Rent 1, Groceries 1, etc. Group: Paycheck 2 Categories: Rent 2, Groceries 2, etc. This does mean you’d have to split expenses into multiple categories in order to see it show up on the budget under each paycheck, so just keep that in mind!

Awesome! I hope you enjoy Monarch Money 🤗

Hi Tracy. No need to hide anything. The savings withdrawal should still be marked under the “transfer” category in Monarch and connected to the pet sinking fund goal. This will show up under the GOALS section on your budget page. The expense should be marked under the “vet bills” category (example) in Monarch. This will show up under the EXPENSES section on your budget page. Both budget sections are important here as they show how much you withdrew from savings (GOALS) and where that money went after you withdrew it (EXPENSES). Hope this helps!

Aww thank you so much for the support! 🤗

Yes, it’s one of my favorite features. Makes meal planning a breeze

Thank you! It was so much work haha

Hmm, it seems like we need to review your categories. Please book a call with me at pinnotpaper.setmore.com and I'd be happy to go over things more in depth with you!

Happy to hear it! And I’m glad we got to connect over a session too 🤗

Thank you for letting me know! I've update the shop: ko-fi.com/s/6d39d8525e

@@CanadianFinanceJourney Sure thing! I’ll email you using the email in your bio.

Thank you so much! Welcome to the community, I’m glad to have you 🤗

Welcome to the fam! I hope my videos help you achieve your goals 🤗

Thank you, but that’s because I’ve never had a credit card 😅 But I really want to get one soon so I can get all the benefits!

Spoiler alert: I just moved into the apartment last month 🥳

@@pinnotpaper congratulations! Can you share how you are adjusting? Pros? Cons? Things you wish you knew before? 💕✨

Definitely somewhere with a beach! 🏖️🍹

Hmm I’d say the idea of not having to work if I don’t want to. I’m excited to have that freedom

Thank you! And this is a Microsoft Surface Pro 4 (2015). A bit old, but gets the job done!

I'm happy my ideas were helpful!

I completely understand where you’re coming from. At the time of this video, I overspent on my wants to “make up for” all the years I spent nothing on myself. But now I have a more healthy mindset and I am willing to reduce my wants (not completely eliminate or else I’ll get bored) in order to meet my now mandatory debt/savings goals so I can buy what I want guilt-free later!

This is just what works for me 😊 Good luck on your journey!

It's not even complicated? It's thorough. People who have concrete ideas on how to achieve their goals have a much better chance of success. Just because some cash budgeters come on twice a week to cash plan and stuff envelopes doesn't mean they don't have plans and notes you don't see. Those just aren't as "aesthetic" so it stays behind the scenes.

Same to you! Take it one step at a time and you'll make progress before you know it.

Agreed! I started following them recently and their content is very helpful for me as a humble beginner.

Great questions! 1. I didn’t want to risk getting secondhand furniture in this post-Covid climate (I also just wanted something brand new). 2. I’ve lived with other people plenty of times before this roommate and it just never worked out, so I decided to go solo for peace of mind. My rent itself is 30% of my gross income, so I’m comfortable with that. Worst-case scenario, I have almost $700 “free” each month (aka the monthly margin) that I can pull from at any time if my situation changes!

⁠@@pinnotpapervalid! as long as you dont feel constrained by it, that’s all that matters

I’m deciding to save because I’ve had back-to-back emergencies the past year, so I can’t afford not to build some kind of cushion while paying off debt. But I’m still putting more towards debt anyways so it’s still the priority 💪

Completely incorrect mindset. You should definitely be saving even if you have debt. You shouldn’t be investing. Keep pushing forward!

You’ll get yourself in a negative loop if you don’t save before you pay off debt. Emergencies aren’t going to stop just because you have a debt payoff plan. Preparing for those emergencies will allow you to focus on your debt payoff.

@briaelle Yes! Say it for the people in the back 📢

You should have some savings while paying off debt, but could probably set a interim limit of about 1-3 months of saving, then go full force on paying off debt, before saving the rest of the full 1 year emergency fund.

That’s so exciting! I know you’ll be able to do it 💪

I’m so happy to hear my humble suggestions were helpful 🤗

Hi Angela! Option A: If both of you spend through your own accounts, go to Reports > Filters > Accounts, and select the bank account you want to review the spending for. Then click “Apply” and view the “Spending” tab to see the category breakdown.

 Option B: If both of you spend through a joint account, the best way to see spending by person is by using Tags. You can create them by going to Settings > Tags > New tag. After you’ve created a tag each for you and your husband, you can tag each transaction by person when you check-in with Monarch. Then go to Reports > Filters > Tags and select the tag (aka person). Then click “Apply” and view the “Spending” tab to see the category breakdown.

I’m proud of you for being aware of your needs and making a plan to meet them 🥳

My pleasure!

Yes, I’m so happy to be in my own space! Koda likes it too, since he’s pretty anxious around other people. Thanks for your support 💚

It brightens my day to see comments like this. Thank you for the support 💚

Big congratulations on using roughly $6K to eliminate $15K of debt 🎉. Growing the net worth is an engine that really picks up speed if you stick with the grind. I really look forward to your food planning episode. I think that is where a lot of us let money slip through our fingers.

Thank you! I miss my savings, but like you said, I’m picking up momentum now and will get that back in no time. I’m excited to share my meal planning tips soon! 🌮

Oh my gosh, that’s so sweet 😭 thank you so much!

Thank you!!

Thank you for the well wishes! 😊

Ditto, that's why I had to do what was best for me lol. I hope you do too!