Thank you Miko for helping me!! When you went through my budget, it seems so easy! There most likely IS spending and I have started the highlighter method to see where the overspending is occurring because honestly, I don't even know which is truly sad. I can do this and I WILL do this!!
@thebudgetmom2 жыл бұрын
You got this Sharon!!!! :-)
@rachelgilbert31642 жыл бұрын
Before setting up my variable spending categories, I went to my credit union and asked them to please print me off my last year’s worth of spending. A couple of raised eyebrows and sixty pages later, I took that information home, got a pack of Sharpie liquid highlights, and went to town! Took me hours, but I skipped things I didn’t know how to categorize, went back through to see a mini pattern with those items, and made a couple new categories. Then I took the average ACTUAL spending I did in each category and use that as my current baseline for my budget now. I now pay myself for these categories before extra debt payments so I don’t have leaky spending, and it motivates me to tighten spending in each category. You got this, Sharon!!! 💚💙💜
@sharonostrowsky372 жыл бұрын
Thanks for being vulnerable and sharing your budget Sharon. Even before Miko got to the budget worksheet pages I noticed ASAP that there is no “fun” or “personal allowance” category for your variable expenses. So assuming you go out w friends, buy clothes, get a mani/pedi etc maybe adding a a variable expense category for that will help close the gap on technically having enough money yet having to pull from savings. I believe in you and you got this!🙂
@MittenPrepperVet2 жыл бұрын
I too was wondering about allot of categories like fun $, entertainment, eating out, car insurance , house Insurance, Gifts, clothing, car maintenance, Miscellaneous. It is SO easy to not know where a bunch of small purchases eat away through the month! Also I thought when there was 8K in savings, in my own past spending self, I had that savings for when I binge spent on whatever and needed $ to cover bills. Once I got super serious about my boredom spending, my "wants" spending and stopped eating out & Miscellaneous purchases - I kept more $ in my emergency fund and paid of any debts with the rest. Been debt free for years now and looking for my first house at 51.
@MittenPrepperVet2 жыл бұрын
YOU will do Great following this method Sharon!! I started at the same age as you - you got this! 🥳💯
@xiomaragomez66492 жыл бұрын
When working on your budget you must include other expenses like cosmetics, entertainment, eating out. Even if budget for those categories are $20 or $30, they help you change your behavior in spending and give you control of your money. She can do it.
@stefsonabudget2 жыл бұрын
I love the real life budget videos and I love the little bloopers! This is such a great budget. If this were mine I would add some “spending” to the variable envelopes as well. This may help her feel like she still has some fun money and could keep things from becoming to restrictive. Especially if there is overspending happening. Just having a 100 for spending in this budget still helps her have lots to send to priority savings and debt.
@nellie31762 жыл бұрын
HUGE red flag that there is no personal/ shopping/ eating out envelopes. That means all of this spending is done freely and is very hard to track. I would encourage her to create an envelope with her name on it, put $100 a week in it and stick to it. If this is hard, you found the issue
@KimEsCreations2 жыл бұрын
I love seeing these real life budgets. ☺️☺️
@KourttneyL2 жыл бұрын
These videos help me so much. I am almost done paying off my CC debt!! $2300 left to go!!
@frugalfitgoals10562 жыл бұрын
Awesome! Congrats!!
@user-uq4rk9hx5j2 жыл бұрын
Thank you so much! It’s so hard to find budgets involving other nurses. I wasn’t taught as a kid either about money. Sometimes our job is so stressful that we overspend or at least I’m talking about myself
@gulserocak2 жыл бұрын
Once you face the reality, you become a warrior … 👍🏻
@jeniferj2 жыл бұрын
"my budget has my back." LOVE THIS!!
@leticiavazquez62542 жыл бұрын
Hello Miko! 😊 real life budget like these are awesome to watch. You make things so simple and effective.
@pattycov50972 жыл бұрын
Miko, this is a great budget to highlight. It helps viewers to see that you have to create a realistic budget that includes everything. Unless you are tracking your spending, you don't actually know where your money is going and where to close the gaps.
@eobrien12 жыл бұрын
Love your videos! Thank you for inspiring me to continue on my plan to get my finances in order. I was on a plan when I started watching you, but your method of taking the shame out of money has helped me keep on that so much! I just paid off my last $1,200 of my debt last night & am now debt free 🙌🏼. I am now in the process of getting an emergency fund together.
@amandac46242 жыл бұрын
I just recently discovered your channel and I’m SO glad I did! I wasn’t separating my money or budgeting anything, but when I did, I realized how quickly I can pay off my car and be completely debt free. THANK YOU so much for taking the time to not only make these videos, but also create a system to help people. It’s truly incredible ❤️
@starrchick282 жыл бұрын
I truly hope she enjoys her journey towards financial freedom and got this like a boss! ❤️
@krmh752 жыл бұрын
I feel like things are missing...first thing that pops up is insurance- car/home, eating out,etc
@thesaltyhomemaker2 жыл бұрын
Totally need a Miscellaneous or "Fun Money" envelope to get control of random purchases!
@Txgirl-tt1ym2 жыл бұрын
Love your videos! So happy I found you. I am so tired of living paycheck by paycheck. 😔 I also live in Austin and in an apartment so cost of living is what has been the struggle. Ready to get debt free.
@LaToyaPlansLife2 жыл бұрын
Awesome video Miko!! Sharon definitely needs a personal spending/allowance category. That's where I found my problem. Each month I had hundreds of dollars labeled as "unbudgeted expenses " I took your advice and printed out 4 months of bank statements and did the highlight method...it took me 3 days to go through because I got so overwhelmed but I did it. I realized it was my personal spending that I never gave a category. I added eating out and myself an allowance category for whatever spending I wanted based on the averages of all 4 months. I was budgeting, but it wasn't realistic. It was me trying to budget how I wanted to be instead. Now I'm succeeding with my budget and I'm tweaking the amounts each month to try and save in the category. Its definitely a process.😊 Sharon you've got this!!! 💪🏾😉
@eduardhorst8312 жыл бұрын
Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed returns. Also do proper research and invest with the right approach. Stocks, real estate, Hedge funds and ETFs are good investments as well. Good and profitable investment can help you pay off your debts
@ellievon64792 жыл бұрын
I just started my investment journey. I wish to have about 10 streams of income before I'm 30. I'm currently 26. I really want to help my mother pay of her debts 🤦
@kathythompson60212 жыл бұрын
@@ellievon6479 I Started investing at 37. Sometimes I wish I started earlier. it might seem like you are wasting your time now but you're making huge changes and progress. Watch out in nearest future your friends will regret why they didn't take this bold step. Keep it up👍
@kathythompson60212 жыл бұрын
@jay chris ¶You have to start small to grow big. I started from financial market. Didn't have any clue about trading or investment but I'm glad I came across a regulated broker who is my investment advisor and trader•• He handles all my trading activities and investment. One thing as a beginner is to have professional guidance at your end. You mustn't invest your time to make profit. Your broker will handle all that☺️🤑
@ellievon64792 жыл бұрын
@@kathythompson6021 😯Wow!! Really interesting I just started trading as I said earlier in previous comment but I've just made series of loss and a few profit maybe because I was combining work with trading• I guess you have a broker who helps you trade please kindly share his contact info thank you🙏🙏🙏🙏
@jameslayton65842 жыл бұрын
Financial market is very profitable. Been on stock for a long time and I'm making huge profit. This was the best step I took now I am debt free 😁
@archie432112 жыл бұрын
Hi Miko.. I am dedicated watcher of your Real life budgeting videos and this one specifically struck home. I have the same thing, where I am secure enough in the starting of the month and then by mid of the month , I have guilt, insecurities and not sure if I will have to dig in my savings that I haven't categorised yet.. but I am doing the bare bones budgeting for now... it sure does help.. and bless you😁😁
@MicahRion2 жыл бұрын
These are my favorite videos of yours.
@lageneice2 жыл бұрын
Right I didn’t see her beauty budget, clothing, miscellaneous money. This really was a little unrealistic but great job on the breakdown of payment and bills!!!
@valeriebabbe76812 жыл бұрын
This one brought to light some area in my budget I might what to look closer in my family budget. We have enough money to cover our monthly bill but these time life happens and we need to tap into our savings.
@kimberlyupchurch24802 жыл бұрын
Can you talk about gas prices how do you save money for gas?
@michellemorales4012 жыл бұрын
I increased our monthly budget category for the increase. I won't truly know if I added enough until 2 months passes. 😕
@sweetstkissez222 жыл бұрын
This could be my house so easy. “Leaking spending” it’s been a huge issue for me! ❤️ this year will be different period!
@johnny7121 Жыл бұрын
I only watch her videos because she's gorgeous... I am sooo in love with her ❤
@fasteddy33362 жыл бұрын
God bless you!
@mtl_mayhem2 жыл бұрын
Bless you!! 😉
@vic7175 Жыл бұрын
I would have takled the home equity first (since is risking her house ) and the proceed with the credit card.
@123kirmizi2 жыл бұрын
I cannot wait for KZbin videos
@Lanya-Li2 жыл бұрын
Is there no category for some spending money? You've said that budgets need to be realistic, and someone spending so much that they can't pay their bills isn't realistically going to be able to drop to nothing overnight.
@fayejacobs10432 жыл бұрын
Shoot I'm 51 almost 52 and have begun this, I have even gotten my husband involved because he wants a new pick up truck, we have implemented savings challenges to make it fun and meet our goal.
@frugalfitgoals10562 жыл бұрын
Fun!
@joesamuel46762 жыл бұрын
Where does subscription falls under - Utilities? Thanks.
@candy23252 жыл бұрын
She should have a small spending category so it’s not too restrictive. But she should also practice “no spend” days slowly. She has great income but she’s definitely charging her credit card for shopping and eating out, etc
@marthab255 Жыл бұрын
Where is clothing in the budget? I never see anything for clothes.
@dancinelectricman4322 жыл бұрын
How can I send you my numbers and you HELP me! I'm struggling. I'm at a loss of where to even begin.
@sarataylor45372 жыл бұрын
I wanna know the samething
@lratley44202 жыл бұрын
How do I use the Budget Mom workbook with 2 checking accounts. I get paid biweekly. One account pays all bills.
@k.b.s47032 жыл бұрын
Something I'm experiencing right now is people shaming me for having a budget. My mom and family . But they struggle with money every month
@ohjohnicaxo Жыл бұрын
4 months late, but i totally understand your situation! the ppl shaming me thinks that by me budgeting means that i’m broke - which i am not. it just means that i am ~financially responsible~. which you are too! hence why we are not struggling every month. we just have ignore them & mind the business that pays us. (bc them minding ours is not paying them lol)
@countrywitch31452 жыл бұрын
I have a question if the interest rates are the same how would you do it then?
@brennamelo31462 жыл бұрын
Sharon, I wonder if you give yourself about $100 -$200 for spending each month it will give you a little wiggle room and you will not feel so stretched! I think it would be worth it to not feel so stretched. You could still put about $1,000 extra to debt!
@AmberGilbertson2 жыл бұрын
Is there a reason why the Jeep payment wasn't added under debt?
@shandellmccarthy12552 жыл бұрын
what I don't get is how do you track the money you are "spending" on savings challenges? and how do you track this in your expenses....do you track the actual expense and then subtract the amount for the savings challenges afterwards or do you track it all as a whole? this may seem stupid to some, but it is really tripping me up right now. I just started this budgeting method
@pamelamartin37502 жыл бұрын
Make a “savings challenge” category
@jenniferwang34892 жыл бұрын
There's expenses I'm not seeing. Like where are transportation cost? Even the bus takes money. Unless she's walking or biking, that seems to be missing. We're seriously looking at using public transportation when we get moved.
@candy23252 жыл бұрын
I could have sworn she listed her car loan in her expenses.. her Jeep
@maryrock69902 жыл бұрын
She had a car loan and gas category.
@jenniferwang34892 жыл бұрын
@@maryrock6990 I see that, I must have missed it. I also didn't see car insurance listed. I think Kumiko didn't get all the info from the person and so we don't see a full picture.
@brroookkeee2 жыл бұрын
Grocery budgets blow my mind. As a family of 3, we just increased our grocery budget due to inflation to $500 a month and do just fine. Yet others spend $500/mo for just themselves?
@jadiecakes32412 жыл бұрын
It can really vary depending on were you live and if you have any health issues/allergies.
@jenson89312 жыл бұрын
How many members in the family? 43???
@brroookkeee2 жыл бұрын
@@jenson8931 HAHA I meant 3. Fixed it
@brroookkeee2 жыл бұрын
@@jadiecakes3241 True. Or maybe people just don’t shop sales. I’m in NJ where everything is expensive but we don’t eat gluten free or organic or anything
@thedarkangel4567892 жыл бұрын
Well diet restrictions are expensive, different locations are expensive. The only grocery store I have to shop is Walmart and they don't do a lot of sales.
@nikolalisa2 жыл бұрын
How do I get those forms?
@lauriegentle40832 жыл бұрын
Please help me find out were I can get your budget book.l love your videos.
@vickdin4802 жыл бұрын
He can be reached directly using..
@vickdin4802 жыл бұрын
His Te le gr am hand le 👇
@Faey-i8n2 жыл бұрын
Do u know of anyone that sets up budgets for a fee? I've tried but just can't seem to get and get easily frustrated and overwhelmed. I now just wanna pay someone to do it 😩
@lindalong22972 жыл бұрын
Could it be that her Nurse Salary go directly to her student loan payment and not to her-that would mean her $1400 per month should not be counted as additional income for other expenses.
@Jenniferhneway0 Жыл бұрын
😮yes i wondered that too ....or If its Minimum and all Overtime ther ONTop goes to the Loan (would mean that she Gas to Work many many hours a day ....or If a normal week is 5 so the 6. And 7. Goes to loan ....i would be very interested how this works
@coral-annbirnie41592 жыл бұрын
She needs to set herself a ‘personal spending’ budget and give herself £100 (or whatever amount she feels is enough) a month to spend on whatever she wants. Might help her stop spending all of her extra income
@dmc210432 жыл бұрын
She barely has any variable categories. Maybe she just charges everything else and that is how she is in trouble.
@ABCD-si7px2 жыл бұрын
Sell the house, pay off the home equity loan and take a private nurse job live in nights. People need to look at what jobs pay BEFORE you get the degree.
This season has been really great I’ve been making massive returns on my binary investment all thanks to my expert Timothy Gregg
@rolandsam15292 жыл бұрын
Having a strategy that ensures profit is the best you can do and that's not for novice, lost over $12k trading on my own
@bobbrown49982 жыл бұрын
Without the help of expert Timothy Gregg, I would have still been in abject poverty struggling with life
@holandkim34532 жыл бұрын
His technical analysis are very accurate
@Superpau19942 жыл бұрын
Hi Miko after watching your videos I really want to pay of my debt but I do not know where to begin. Do I start with excel? I bought some starting points on your website so far and the Waller.
@thesaltyhomemaker2 жыл бұрын
Start by getting her Budget by Paycheck workbook, and watching her how to KZbin videos. Also, she has an amazing Facebook group full of mentors!
@Superpau19942 жыл бұрын
@@thesaltyhomemaker thank you and her Book is sold out sadly
@thesaltyhomemaker2 жыл бұрын
@@Superpau1994 her audiobook is read by her, highly recommend!
@thesaltyhomemaker2 жыл бұрын
@@Superpau1994 and you can get the PDF version of the budget by paycheck workbook, which is different than her actual book. The BBP workbook is where you do all of your tracking and planning.