August 2019 Paycheck Budget Overview

Today, I am bringing you with me on my budgeting journey. We will be going over the paycheck that I received on August 1, 2019. I am a paycheck budgeter, which means I create a paycheck every time I get paid.
Before, I got paid on the 5th and the 20th, but now that I am self-employed full-time, I get a paycheck once a month, on the first day of every month.
In this video, I walk you through every step of my budget and give you the details into what it looks like to use a successful realistic budget is someone's every-day life.
I have been sharing my real budget for over a year on Instagram, but only recently started sharing my budget on KZbin. By sharing my actual budget, I hope to show you the process and steps behind paycheck budgeting. I also hope it helps you understand the psychological decisions behind money management.
LINKS REFERRED IN THIS VIDEO
Cash Envelopes Shown In Video: bit.ly/2YsNgV1
Sinking Funds Savings Envelopes: bit.ly/32ibKTW
How I Track My Spending: bit.ly/2WGwXEj
12 Months = 12 Savings Challenges: bit.ly/2T750Tj
Join the TBM Family Facebook Community: bit.ly/2US8Btf
How to Start Using the Cash Envelope Method: bit.ly/2DdWA7n
Don't forget to subscribe!
ABOUT ME
I'm the blogger behind www.thebudgetmom.com. I have a rambunctious 6-year-old son, live in Washington, and I'm passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!
YOU CAN FIND ME AT:
Blog: www.thebudgetmom.com
Instagram: / thebudgetmom
Facebook: / thebudgetmom
Pinterest: / thebudgetmom
Twitter: / the_budget_mom
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[@Cee0777]

I love how straight forward your planner is! I’m definitely going to buy one when I save up money for it. I have the printable one you made and I love it! And your color code really does help. Thank you so much for your videos! 🤗

[@shanonthomas6970]

I am so excited about starting this journey!!!! I already order the planner and I will be ordering the BBP workbook as soon as the 15th gets here!!!! I have NEVER been good with money. I am a true live pay check to paycheck person! Never prepared for emergency... flying by the seat of my pants!!! I know it’s gonna be life changing to do this but I have never been more excited about anything!!! Thank you so much for popping up in my recommendations a few months back! Luv you girl!

[@BoldBudgeting]

I love the new design - so gorgeous!! I currently already use this year's version of the workbook and it has been a game changer!

[@Bettysmiles]

I like how you explain everything. I'm trying to budget so can't afford to put money on this, but I'm loving the process of tracking and saving more. Yay to debt free life! It's the best! I never followed a method, I just prioritize when I spend what I can afford so I don't end up owing.

[@Cindez89]

You changed my life! Thank you! I cannot wait to order my workbook. 🥰

[@ashleytakesaction2537]

I love this planner! This is so detailed. I need to do better on my spending. A lot of what you were saying i found I was pointing at myself.

[@tajhishateaspot2348]

Love the commitment you have to your subscribers either on KZbin or instagram #TBMFamily! You go above and beyond! 😎🥰

[@Birdmom1823]

Love your videos sooo soooo much 💕 they make me happy and they are so so helpful ❣️ love being part of the TBM FAM 😍

[@nlovesjnl]

Just ordered the lavender book (so pretty) as an early Christmas present to myself to open in December.. (using my Christmas sinking fund ) Thank You! ☺️

[@rejoicemills6463]

I'm so glad I found this channel!I need a budget sooooooo bad.I just don't know where to start.I subscribed to your newsletter and this KZbin channel.Keep up the good work!Thanks!!!!!!

[@stacythomas7162]

Hi Miko...I've enjoyed watching your videos since Christmas and subscribed in April. Up until now, I've been applying certain parts of your method to my budgeting routine...what little budget I have lol(only filling my most basic needs CE's but each month is getting better and easier). I have to say, though, I think this is your best vid ever bc your "Zero-based" system FINALLY sunk in!! One half of my brain is very creative and fluid wth ideas, the other is very analytical...so while I love the CE's, I was having a hard time reconciling my numbers at the end of the month. I'm not stupid but math has never been my fave subject lol, but THIS video showed up EXACTLY when I needed it to and after watching it twice, I GOT it! I was definitely makinh2 things way to hard for myself. I am looking at your system like an equation and the heavens have opened and I can see the light lol! I start a new job in September but plan on keeping my two side hustles, plus I'm going to order your BBP workbook as an early BD gift(9/4) to myself. Bywn this video(that I will be referring back to often) plus the workbook, I feel confident my future will be looking brighter! Thank you from the bottom of my❤.

[@msrosas89]

Hello! Just came across your videos, must be a sign that I need to get my life in order😆 no but for real. I really need to learn how to budget....love how you break everything down!

[@etashamoore1765]

I love Love your video can't wait til ur 2020 buget book come out.

[@WithLoveShante81]

Thanks for clarifying the leave your money part! I thought I was supposed to keep it in an envelope as well

[@Hazel8213]

I’m a newer subscriber and I just LOVE you!!! My family is bad when it comes to money and things like budgeting and it has always been something I wanted to learn more about and I’m just so glad KZbin recommended you to me!!! Thank you for posting all of this information!!

[@marcelacolon1990]

Hazel Gonzales I think she mentioned it on Instagram that it ships in October?

[@Hazel8213]

marcela colon yes I saw that too! Thank you!!

[@nguz29]

My August savings challenge is no afternoon coffee! Amazing how that adds up.

[@mariama1157]

Noemi Guzman me too🤣 no more ☕️

[@theirishhealthymum9871]

Hi, I'm jo 😁. I have been following you now for 3 months. I was fed up with running out of money and not having money set by for events. I have started budget by watching you videos. First month didnt go well lol August has been much better. I have been able to pay £40 of my credit card and mostly keep in budget. I still have to add cash envelopes for next month. But I'm already planning my money for next month. Thank you so much for doing these videos 😁😁😁

[@ladonnaedwards1348]

so excited for our new budget book. :)

[@nanmammabarkley8891]

Love your video....have one more debit to pay off....and I am free of that worry. Keep smiling have a blessed day!

[@diamondpaintingcajun]

So excited I pre ordered BBP workbook 👏🏻👏🏻👏🏻🙌🏻

[@PrintablesAndInspirations]

Thanks for sharing, really huge help for me. ❤️

[@takenotesadv]

I saved for my daughters bday using your technique. Thanks for sharing.

[@amyphone]

I love this planner, i bought the printable. I really wish the calendar was spread over 2 pages :)

[@SheenaRN90]

i've been waiting for this!

[@kirsten4443]

Love your videos ! ❤️

[@budgetboss_j9920]

I loved your video. I follow DR but prior to that I always budgeted by my paycheck. I love how you broke this down. I’m def pre-ordering your book!!!!

[@kbanghart]

DR is good, but I don't follow some of what he talks about.

[@budgetboss_j9920]

Plen122 I agree. I don’t agree with him 100% but I can say his method got me out of credit card debt and helped pay of a personal loan I had.

[@tessinspired7111]

My challenge for October - no spending, use items I already have for crafting which is alot. 😉🥰👍 Going to be creative and see what I come up with...junk journaling and sewing.💕✂️🌷

[@rhinocirrus]

Love the new intro!

[@IvonneSalas]

I love the sell two things in August!

[@mireyabender1503]

Please please please-new designs! Wanna buy one for next year! I currently use a binder but I want these sheets!

[@ayannafraleymoore5265]

I always get so excited whenever you post a new video. Would you be willing to please list the colored pencils that you use?

[@kivlogs7812]

Aweee, no cash stuffing. Its okay though, looking forward to the next cash stuffing session in your next budget overview 😁

[@HappyMom2010learning]

Love your organization with $$$$. I will love to see some designs a bit less girly. I want to give this book to my brother but I know already he will give the talk because of the designs (that I love by the way). Thanks for sharing your talents with tHe world. Peace ! 👍🏻💕

[@twocupsoftee]

GLindsey • I completely agree! I’m a girl and whilst grateful for the program the ‘cutesy/girly’ designs were difficult to swallow - especially on the cash envelopes. • I also thought of this as a gift for my son but realized it wouldn’t do. • I’d like to suggest a at least a few other options that would appeal to adult mean and young men & Tom Boys like myself!

[@JanethOlivia]

Didn't know men couldn't have things with flowers 😂

[@chiknlittle]

@@twocupsoftee There's some "male" cash envelopes on her website!

[@simplykamy]

I really love your cash envelopes >.< I'm so tempted to try them out

[@evecharette4723]

Simply Kamy If you need Cash Envelopes I have them on my Etsy shop :) www.etsy.com/ca/shop/NowTrends?ref=simple-shop-header-name&listing_id=718498888

[@positivelypositive934]

Thanks for the awesome video! So inspiring! You are so beautiful and talented. ❤

[@kivlogs7812]

Lol, thanks for being real Miko! Resting means binging on Netflix 😎

[@julesleigh3443]

That was so awesome!!! I also love that little wallet type thing for your cash envelopes! What is that and where would you get one? One of my worries about having cash envelopes is not having them organized and flailing all over the place in my purse.

[@AnnaSinclairca]

Hey just bought this today and cannot wait to connect

[@user-gw2fr9cv2v]

i also love getting rid of clutter by selling it👍🏻

[@mrsmakahanaloa]

Aloha! Since my husband and I do our finances together, how would that work? Can you do a video on that?

[@natalieb4928]

Would you mind making a video about what specifications to use when printing out the BBP Journal? I want to get started, but I want to know the best way to print it out and bind it so that it is durable. Also, the font of the BBP journal on the video looks different from the font on the website. Are there options, or will the BBP look just like the one in the video? THANKS!!!!! I LOVE this AND CAN'T WAIT TO GET STARTED!

[@dianjohnson1]

I give my husband money towards our joint checking and savings, so I’m going to put that in fixed expenses and the rest is for me

[@jennym853]

I just found your channel and love your printables and system. Do you have any helpful videos for those who don't use a cash only system?

[@littlelotussm1785]

I have already got the download file coz I cannot wait till the book release. I love it and I am super excited to get started on my debt free journey ❤️

[@budgetboss_j9920]

Little lotussm I just purchased to download as well but I’m having trouble downloading it so I can save and print it. Any suggestions?

[@littlelotussm1785]

Leenisha Jones , yes. I downloaded and saved it before I print it. Since it’s already August, I only printed from August till December because it’s 270 pages all together. She recommended to print only what you need.

[@littlelotussm1785]

Leenisha Jones , did you get it work for you ? Were you able to print it ?

[@budgetboss_j9920]

Little lotussm I was able to print the envelopes and some of the pages I needed. It was easier to download on my phone. Not sure why I couldn’t on my computer but I have it saved and I’ll print out the pages I need at work tomorrow.

[@littlelotussm1785]

Leenisha Jones , I’m glad you’re able to saved it. Honestly, I was nervous that I couldn’t make it print and close all my windows then I was able to retrieve it and saved to my computer. I ended up printed almost 100 pages because I wanted to print everything I need until the end of year😁

[@sandypaul4923]

My job reimburses me for my meals when I'm out working on cases. Should I include that in my food envelope or should that be in a seperate envelope? I love the work you're doing! Thank you!

[@Life_byCrystal]

hi, thank you for your video. I always enjoy them. Tell me: are your fingernails gel in this video? I watched your nails video and just wondering if these are gel or not. I have my nails professionally done but yours look so great I'm considering doing my own like you do.

[@keishaangelique5110]

I’ve sold 2 things so far and just listed a bunch of designer items on Poshmark. Definitely didn’t remember I had all the designer clothes. 🤦🏽‍♀️

[@saracapehart5102]

When the new BBP workbook is available for pre-order/purchase will there be a new digital version available as well? I really like the new style, it's so cute and feminine! Thanks for make this resource available and all your hard work!

[@creativepotpie5907]

Sara Capehart the preorder was today and she has added the new version for digital download!

[@AshleyChiLLi]

Eyyy I'm early!

[@Ha3344]

Your son and I have the same birthday!!

[@annakepiper1469]

Do you have a vedio of how to use your budget my pay check workbook ? And how you use it

[@Shantelljohn09]

I was told wait til end of month to add up all withdrawals and then subtract from total amount.

[@Belong2Yah]

❤️

[@lageneice]

Hello do you include your you tube earnings as income? Thanks for the breakdown it helps

[@carolinemichelle8611]

Did you think about adding the budget workbook pages into your Live Rich planner? instead of having them separate?

[@makaiyasimmons7127]

You're in Spokane?! My partner and I (And new baby due March 19) are planning to move there by the end of 2020!!

[@mysticalfairy32]

How do you print out the envelopes? How do you get your expense tracking sheets?!

[@sandravella3198]

I just found your channel and watched a few videos. Will your budget sheets work for getting paid twice a month? I'm more of a debt card person will this work for me?

[@dianeowen7314]

What are the best pens/highlighters for this workbook

[@whiskeytangofoxtrot1986]

I own a cleaning business and I get paid daily. I have two crews who work and they are paid wed-wed weekly on Friday. But nevertheless, I have money coming in daily. In July I lost our biggest account and it took me til now (September) to just get kinda caught up. I need advice as to how to budget myself getting paid daily. My plan is to save every dime this month to have all of October’s bills paid on the first! I’m trying...I’m just lost lol

[@veileen4027]

That’s a nifty wallet that you keep your cash envelopes in! Where is it from?

[@JazzymineA]

Wow. I might buy this workbook! But my husband and I combine our finances. I wonder how the envelope system would work with two spenders.

[@chiknlittle]

I'm actually contemplating combining our finances so I can get my husband on the same budget system. But I think you'd both have to have separate envelopes for variable spending you do separately (maybe coffee or gas, idk), things you regularly purchase separately. And you would just split the budget in half a fill each cash envelope with half, so you're both limited to the budget still. Then combined things, like for us that would be groceries and sinking funds, you have one envelope that you both contribute to. I do think it would be difficult to do expense trackers though, it would definitely take a lot of organization!

[@BklynGirl72]

I got the date marked on my calendar. But when does the digital copy is available? I’m here for that.

[@creativepotpie5907]

BklynGirl72 the preorder started today and she made the new digital version available for purchase today too budgetbypaycheck.com

[@WithLoveShante81]

Thanks for the misc clarification lol

[@jessicamilley]

where do you buy that wallet thingy for the envelops?

[@karenfranklin-1pzc976]

Nice! When are you doing September?

[@Shantelljohn09]

You should have website where we can print same budget pages you have. Please. Or show pictures of them I'll write them myself and make room on one page or so.

[@chiknlittle]

She has one! Check the description box :)

[@PremierGirl0530]

Every time I check for this book it’s sold out! Any idea when it will be back?

[@crystalmartin9624]

Hi Miko, I need your advise. We've been planning for a while and things were going as scheduled and all of a sudden we needed to use our emergency fund, I mean ALL of it so now we feel like were on step one. So do I sacrifice my sinking funds while I am replacing funds in my emergency account? please help let me know my priorities after my bills & variables

[@catwispr536]

What time does the preordering start on the 15th? Is it an automatic start at midnight or is there a time of day the "bell rings and the ordering begins"? I want to be in line early if possible. :)

[@creativepotpie5907]

Barbara Gates it started at 8am PST today, it’s still available until the preorders sell out and then she’ll have some stock available in October when they start shipping preorders. budgetbypaycheck.com

[@catwispr536]

@@creativepotpie5907 Thank you Sabrina. I ordered mine at 8:04 or thereabouts on the 15th! Yea.....

[@grace_ellis13]

Hi! I hope you see this but I need advice! I want to do the cash envelop method, but I use USAA and there aren’t any banks near me. Do you know anyone else who has this issue and their solution to it? I don’t necessarily want to open a new checking account just to make cash withdrawals from! Thanks!

[@gabriellep.moore2022]

What month would the budget planner start out? Is it a year’s worth of month planning?

[@creativepotpie5907]

Gabby Brown there are 12 months available, while it starts at January, the month spaces are undated and I believe you can customize the tabs with stickers

[@daisygilaver2673]

where can I get the cash envelopes?

[@kbanghart]

Can anyone suggest an app that will take your monthly bill payments and due dates, compare them to your paychecks and pay dates, and the simply send reminders when to pay bills? I know that probably sounds very lazy on my part. I just have a very busy lifestyle, and would be nice to have some backup to help out. Like for example, if I'm going to be short $100 because one of my paychecks won't be able to cover a full payment, then I Will be able to see that and plan for it. Thanks in advance.

[@kbanghart]

I know software like quicken will do it, I just would really like to avoid having to pay for something, or maybe pay a little. Also I'm sure formulas can be set up in Excel to do the same thing, I just haven't done that in a while.

[@galindomichelle9]

What if you have too many bills for the month and they don’t fit? I might need additional space. What can I do, if I purchase the workbook? I’m barely going to start this journey and my husband and I have way too many bills. ?

[@chiknlittle]

Use 2 paycheck trackers, just cross out the boxes you don't use on the second page, and make sure both pages say the same date so you don't lose track. Should still be doable! :)

[@californiadreamintanningsa2121]

I'm trying to find a video where the "actual" part is filled out?! because I'm wanting to understand what it for

[@LiveAndEnjoyLove]

Kendall Hils Watch the recap videos 😊

[@beckybruns8221]

How do you account for envelope cash that rolls over from the previous month? Do you count it as income again?

[@creativepotpie5907]

Becky Bruns you can put whatever is left over towards debt, sinking funds or count it as income. I use the Fudget app and I label it “rollover” as an income

[@chiknlittle]

In another video, she also mentioned once her balance gets to a certain point on her "rollover", she adds it to savings or something else (rather than letting it collect indefinitely). I plan on rolling some things over, then saving others that I'm clearly not using all the budget for.

[@barbaracarbone4658]

Awesome budget planning. How do you pay for bills due the 1st, 2nd, 3rd of the month from your 1st of the month paycheck? They'll be late if you mail them on the 1st. I have to use the prior month's paycheck for those beginning of the month expenses. Thanks.

[@loe3175]

Are these things that you could pay by phone or pay in person?

[@barbaracarbone4658]

@@loe3175 Mine could be paid by phone or online to be timely, but I use the prior month's paycheck. But The Budget Mom doesn't do that for her rent which is due the first of each month. I was just curious how she ensured a timely rent payment? She never mentioned it.

[@loe3175]

@@barbaracarbone4658 I'm unclear about the dilemma; if you're paid on the 1st and you have things due between the 1st and the 3rd (approximately) why are you then stuck using the prior month's paycheck to pay it?

[@barbaracarbone4658]

@@loe3175 I use Bill Pay through my bank. It takes 1-5 business days to be received.

[@loe3175]

@@barbaracarbone4658 that's unfortunate. Personally I, too, have things due on the 1st and get paid on the 1st. What I do is call each bill/creditor and make the payment directly with my debit card. Each time it's credited as being paid at the time I paid it. However, I understand that different companies may do things differently.

[@rebecac3421]

How do you start if you account is Overdrawn? It’s such a viscous cycle that I can’t stop! HELP!

[@nancynurse4552]

Being overdrawn is a tough spot that I have found myself in too many times. You have to start by figuring that as a bill that has to be paid first. Then going forward, be very mindful of your account balance. I had to learn to leave all my bill money in my checking account and pull my spending money out and use as cash. To help my daughter out of this cycle, we went back 6 months of her checking statements and wrote out the highest amount of all of her bills and the earliest any of them came out of her account. This way she knows how much to leave in her account at the beginning of her pay cycle and doesn’t touch that account except to verify the bills came out properly.

[@ziarabobzilla]

How many pages are there per month?

[@yulianakivel5403]

I know you said pre-orders start on August 15th but when do they ship?

[@creativepotpie5907]

Yuliana Kivel I think she said they’re shipping in October

[@susieb6516]

Hello. She has said they will ship on the week of October 15th

[@JennTheFrugalMom]

Do you invest any money?

[@Rhaaaaawph]

Hi. Where i can buy your budget notebook. Pls

[@asialyons6037]

She has a website.

[@diamondpaintingcajun]

New book pre order starts on what date?

[@creativepotpie5907]

Thriftycajungirl today, the site is: budgetbypaycheck.com

[@lizzieatran]

Can someone please help me with the sinking funds. I am literally so new to this (started 10 days ago) and I am a little confused on the sinking funds. Do you add money to it every paycheck, write the amount on the back and also anytime you use some you write that also? I just want to make sure I am doing it correctly. I get my first student loan payment in February and I am looking forward to getting it done! LOL. TIA

[@mzimsosupadope8961]

Well these book be different than the last budget workbook?

[@mariama1157]

Mzimsosupadope she did a comparison on her IG feed. 👍🏼

[@mzimsosupadope8961]

@@mariama1157 thanks! I brought the other version in the printable form & haven't printed it out yet🤦🏽‍♀️

[@MD-hv5iu]

Is that $400 for food for 3 people??

[@claudiagordillo2396]

I’m stoked for the new workbook. Do you have a workbook design that’s more gender neutral. My significant other wants to start using it but he’s not a purple and pink fan. 😬

[@creativepotpie5907]

Claudia Gordillo from what I saw, there’s a purple option and a yellow option coming out

[@amandajensen4185]

Maybe printing the digital copy in just black and white and put it in a binder?!

[@claudiagordillo2396]

Amanda Jensen thanks! I thought about doing that. 😊

[@malkemmp8670]

How do you not have coins for the teller slip? Are you rounding up on the budget numbers

[@roselynmarie6422]

I don't understand why you use James' sinking fund in your income. Wouldn't you be spending it on birthday gifts etc, not putting it towards bills, savings, sinking funds, etc? Do you always add your sinking funds that you are using that paycheck, to your income?

[@lucytribble3156]

Roselyn Powell it seems like she is adding that as an income because she is tracking that spending in her expense tracker. If she didn’t include it as income she would look as if she spent more money that she brought it. She does the $0 budget.

[@roselynmarie6422]

@@lucytribble3156 thank you!

[@roselynmarie6422]

@@craftyleggs5711 thanks!

[@adelinakraja]

any small you tubers wanna help each other out

[@SoAnxious718]

I just want to know where people live where the rent is less than 1k? Because I need to be your neighbor lol

[@JazzymineA]

Depends where you are in the country! My rent is $825 for 720sqft apartment.

[@megancoker6598]

Louisiana in most areas you can rent a 2/3 bedroom house for $850. But our cost of living is low. And jobs pays 7.25 ( min wage) and up. But if you have a family, you need to make $13 per hour if not then you are struggling

[@siriusalien2977]

Where do these people live that rent is only $850?

[@kbanghart]

Not anywhere near me that's for sure! Anything below $1,000 for rent sounds wrong to me, in many places in the country, nowadays.

[@siriusalien2977]

I'ld be a millionaire in no time

[@beautifulangel32]

Looking at your bills and rent your boyfriend is not paying half by a mile he should be paying a lot more u are letting him away with that and that means ur actually down money him living there

[@ChristaRenee25]

beautifulangel32 she gets more money from side projects and appearances, not just the paycheck on the 1st. It’s likely that she makes more money than him.

[@beautifulangel32]

Christina Gray doesn’t matter any man living in my home pays half

[@melheartslearning3967]

She explains in another video that he pays for other things such as extra fun activities and what not.

[@truneilson]

Your eyelashes are getting so outta control they are starting to make it look like you are 50 and have Bells Palsy. You're such a beautiful young lady, please let your beauty shine, you dont need to hid behind all the fake lashes.

[@Cindez89]

Tru Neilson WOW, that was rude. Smh..

[@brandiknight2851]

How was that a useful comment at all?!?! Rude and tacky. You don't like them, don't look at them.

[@tajhishateaspot2348]

Ok so what does that have to do with the video 🤨🤔 if you don’t have anything nice to say maybe you shouldn’t say it. She is gorgeous inside and out so your comment wasn’t constructive at all! Smh #Thenerveofsomepeople

[@truneilson]

I think you are all misunderstanding the meaning of the word "rude"... replace with the word truth.

[@tajhishateaspot2348]

Tru Neilson who’s truth because it’s your opinion not truth so enough with acknowledging you cause your not worth it 😂😂😂😂😂