MY MONEY MY WAY MINI-LESSON DAY 2: FINANCIAL AWARENESS

To celebrate the release of my brand new National Best Selling book - My Money My Way: Taking Back Control of Your Financial Life, I am continuing a six-day Mini-Lesson event. Every day for six days, I will be sharing some financial building blocks from my new book!
Are you ready to start transforming your finances?
Today's My Money My Way Mini-Lesson is all about financial awareness. Not just recognition, but decision-making awareness (don't worry, I'll go over what this is in the lesson today!)
To get a daily mini-lesson reminder, make sure you turn on notifications and subscribe to my channel.
Let's start a new financial journey - YOUR WAY!
Day 2: My Money My Way Mini-Lesson: Financial Awareness
1. Understand your starting point.
2. Track Your Spending.
3. Use the highlighter method to organize your expenses.
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Your Homework:
1. Manually track your spending for an entire month. If you don’t want to wait, pull out all of your statements from the previous month.
2. Using different highlighter colors, highlight “like” transactions. For example, highlight all of your food transactions in green, all of your gas purchases in yellow, etc.
3. Add up all of your highlighter colors for each category. For example, add up all of the yellow purchases, and assign that color a budget category name. Add up all of the green purchases, and repeat.
4. Write down one thing that surprised you about your spending.
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GET THE GOODIES: If you have ordered a copy of My Money My Way, you can get the accompanying worksheets to My Money My Way!
➡️GET THE MMMW WORKSHEETS: www.thebudgetmom.com/mymoneym...
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Get your free financial fulfillment score and checklist!
➡️ TAKE THE FREE FINANCIAL FULFILLMENT QUIZ: www.thebudgetmom.com/mymoneym...
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Include your money buddy, family or friends. Save, tell, tag and share!
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!
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GET STARTED
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[@beyoutifullynatural9451]

One year later, I’m still watching these lessons over and over at work❤ thank you for helping me for 3+ years Miko 😊 my finances are in much better shape!

[@michaelswami]

A budget dad here: budgeting has been liberating for me. Now it is automatic. Thank you for helping so many people.

[@pineappleshaveice]

One of the most heartfelt videos you have posted. You truly were put on earth to move mountains and help anyone and everyone. Love you Budget Mom!

[@deniselittle5558]

Miko, in the two months I've been following you I have finally learned that a budget isn't a scary thing, but a wonderful and amazing tool that gives me permission to spend money on fun things, and yet somehow seems to find money for me to save and invest that never was there before. In the past a budget was always something I did not want to think about because in my mind all it would do is force me to pay bills and have nothing left for anything fun! Without a budget and keeping my head buried in the sand; I could just keep going shopping and charging whatever I wanted on my CC. Thank you for being here and teaching us all how to discover ourselves, our reasons for doing what we do and learning to become our best selves. You truly are an amazing person and deserve all your success. I am loving your book and already wishing you had another one out lol.

[@staceypennington919]

She is the reason my husband and I will be almost out of debt the end of this year 💕

[@deniselittle5558]

@@staceypennington919 Congratulations!

[@staceypennington919]

@@deniselittle5558 thank you 💕. Great job on all of your money accomplishments. I can’t wait to start investing soon. I’ve been very curious about my options recently.

[@elainecarrillo5434]

Great comment! I totally agree!

[@TGYtco]

I appreciate your lack of criticism, shame, and guilt. I have followed other methods and ended up feeling constantly ashamed when I couldn't squish my food budget into their parameters, or if I made an emotional purchase. I bought the book and can't wait to sit and read it!

[@GwynWalker]

Def worth the read!

[@TanyaScorpio]

There is nothing better than someone who is passionate about their content and wanting others to tag on. True if you're so restrictive you'll fall its a process..you didn't get in debt over night you not going to get out of debt over night. Your telling us take the first step in believing you can do it because you can. Love it..

[@lindseypanousis7725]

I just want to say, your videos and your encouragement have made a difference in my life. You taught me that I can budget in a way that makes sense to me, not having to follow someone else's formula. Your words brought freedom to me. Thank you so much for all you do. ❤

[@GwynWalker]

For me too. Just amazing!

[@staceypennington919]

I LOVE meal prepping. It really does help. You can place the weeks meals int the fridge on Monday and all you have to do is cook your sides (or cook in advance so all you have to do is heat up)

[@elle_from_cawa-li9061]

I love your channel! The down-to-Earth, no nonsense way that you speak is so easy to follow! Having a “what” and “why” is such an important step, that many financial gurus miss! You are an inspiration 💕

[@sarahmunoz14]

I think the Walmart or grocery pick up is a good idea if you wander the aisles. However, products online are sometimes $1-2 more than when you go into the store. That adds up too.

[@ibraidhair]

I'm an in-and-out with a list type of person, so wondering is not an issue for me. But I've been doing grocery pickup during my pregnancy. (So thankful for that!) I've noticed that I miss out on sales on things I normally buy. Like day-old bread, dented cans, etc that go on clearance.

[@Floridiansince94]

I don’t understand people’s fear to efficiency and effectiveness - I agree with you 100%

[@shirleyjones6081]

I'm 75 and im so glad i found your channel. I have learned sooo much from you. You make so much sence. Please keep up i still. Have so much more to learn.. Thank you girl.

[@emhoward5]

Girl, I am all in. You’re going to help me change my life. Got my workbook and cash envelopes and am so excited to start this journey

[@2babe6]

Thank you for your time and helping us the Budget Mom we literally love you

[@katresealexander1311]

I love your channel. Since I been watching I been improving my finances.

[@Floridiansince94]

Risking to sound like a broken record, I say again- Niko, YOU ARE AWESOME!

[@LaToyaPlansLife]

Yesssss to the ending about your book....PREACH!!! LOVE IT!!!

[@HaveAHollyDayArts]

Whew, I avoid budgeting because it’s too embarrassing to realize my spending. Can I run and hide ? 😂 oomph, I need to face the music!

[@adrienneadelsperger897]

So good!❤

[@sarac9565]

I'm sorry people made you feel dumb. You're awesome, girl!! You already know that ❤

[@Birdmom1823]

Thank you for being you love all your advice 💜💙💜💙💜

[@Floridiansince94]

Your book is a beautiful thing! You put a lot of love into it and I thank you for that!

[@TheGoodMidlifeCrisis]

I finished the book last night, loved it!! I'm going to go back and do the action steps.

[@janisprice7163]

Just bought your book. I have the budget book printed. . .in a nice notebook, see it sitting over there

[@123kirmizi]

thank you for everything you made for helping women

[@LivingwithStephh]

Love , love this video. Thank you so much! I’ve watched you for years and this is at another level !

[@LeahMarieyt]

Thank you for all of your thoughtful content!

[@marieguevaramoore6956]

I would love your advise about What’s better for my kids college .. they are 10 years old now . Should I do IRA Or the 529 college fund ? ☺️

[@wendydow4860]

Just what the Dr ordered! A paradigm shift for how I view budgeting. After this pep talk, I am actually excited to really dig in and actually KNOW what and where I am at! Thanks for the homework and challenge of item #3...because it will force me to take that next step (not just stop at the categorizing.) Grateful to have found your community!

[@livinglifewithsummer]

I absolutely love your budget method, I’m on my second year and you have truly helped me transform my finances!

[@jackiedehahn7085]

Fantastic Miko!!!! ❤️

[@bethanybeiter5078]

awareness has helped us pay off and save sooo much! We had a bunch of debt and I was so scared but I faced it and made a plan!! Love your approach, I made strides using other systems buy your system and compassion has made A HUGE difference in my life.

[@Floridiansince94]

I just received the book!!!!!

[@deborahbiggers1993]

Just received your book!!! I'm so excited. Just now getting back to SERIOUS about my budget. These mini classes are genius and i SO very much appreciate you. You are a blessing!!!

[@Dreamingbigbudgets]

To understand your budget takes years the months change the seasons change and years change last year my occasions sinking fund was wild two of my babies became 16 and one became 18 that year won't repeat for a while but at least I know, this year I've split my food budget into eating out and home food because to say we ate x amount wasn't enough information if I still questioned how it was so much.

[@fourdayhomestead2839]

It's took me 2 weeks to write out my budget. My 1st week was getting all my debt down on paper, wow, eye opening.

[@adiastar9815]

Tonight I'm going through ALL my transactions from the 27th of August (payday) 2021 onwards because if I don't know where I been I'll never figure out where I want to go. This method is a LIFEAVER.

[@Tokixkitti]

the area I spend the most and I was revaluating my budget was crafting supplies. I'm out more often so I don't need this many supplies and subscriptions so I'm taking it all to of my budget. :) this will save me a few hundred a month

[@natashaelliot6180]

Just starting out ...joining from Trinidad West Indies

[@trulylivinggood]

Ya #2 Lesson

[@thebudgetmom]

🤗🤗🤗

[@libbysworld7649]

I spent YEARS fearing the bank balance.

[@ThelPic]

I have a lot of data about our spending, specifically I have all the data from 12 years of living with my partner. My problem is that I don't know what to do with these info. We saved some in these years but it seems not intentional, it always was what remained at the end of the month. Also I have difficulties tracking the cash, I tried to use the Good Budget app to make virtual cash envelopes but it didn't became a habit..

[@rebeccaleach2979]

categories are hard for me when I shop at walmart , amazon etc. because I might get pet food, household items, clothes, and food all in one shopping trip. I've been trying to manually break down the receipts by category.

[@katja6228]

A good analysis of the starting point (whatever you do) is the basis and should absolutely not be skipped 😊🙏

[@biancas2639]

I´m not sure which of your calenders I should by. I am a creative person but also like the one focused on spending.

[@thebudgetmom]

I would check out my free budgeting course first and foremost :-) You can find it here: courses.thebudgetmom.com

[@biancas2639]

@@thebudgetmom Thanks!!

[@elq.2571]

Hi, I have watched you for over a year now, and have started. For me I photo my receipts for tax reasons. However, yesterday to track my spending I used the receipt to break down into categories after writing down n highlighting. Just an idea. 🙂

[@gabriellarodriguez7656]

Do you count Affirm, sezzle, or afterpay towards credit card debt? Or will that be in a different category?

[@Dreamingbigbudgets]

How do I stop doing my sinking funds like a rollover I hate splitting my pots into one I split my sinking funds into seasons and start working through them as I need them until they are full then move onto next month etc of is it okay to do it this way 20 envelopes with a £5 in them irritates me so I stockpile into one at a time but not sure if this is okay?

[@SmurfetBaby]

If it works for you. If it doesn’t, perhaps change the way you do it and see if that works. The beauty of budgeting is trying new ways to figure out your niche.

[@jennw109]

How can you get the worksheets for MMMW if you were given the book as a gift. I do not have purchased confirmation number.

[@JD-dz9lx]

19:57

[@olivialuna03]

Does anyone get anxiety with tracking and checking your account?

[@theropesofrenovation9352]

When you have a husband who refuses.,,,,,,

[@jens7898]

Writing in & highlighting in a book destroys resale value. It is never a good idea to destroy a book. That's what notebooks are for.

[@mrs.jessicarocha1241]

Once someone buys a book, then it is THEIR choice if they'd like to write in or highlight something that they want to remember. Not everyone buys a book with the intention of reselling it 🤷🏼‍♀️ Her book is very important to a LOT of people already, so let them do what they want with their purchase. I know I'm going to highlight things in my book, if you don't want to then that's fine 🙂 Everyone is different. This world needs less criticism and more kindness/understanding/love in general.

[@jens7898]

@@mrs.jessicarocha1241 Of course people can do whatever they want with their own property. I am ALL about individual rights. My point is that she is telling everyone to destroy the books so they can't be resold. That is a marketing technique. I think it is important to have informed consent before making a decision to destroy the book or not. Hence my comment. You do YOU.

[@andreamaphies9028]

@@jens7898 marketing technique...resale value? it's a 20 dollar book not a 20,000 car good grief lady. Nobody is buying books thinking about what resale value they have 🤣

[@jens7898]

@@andreamaphies9028 Your privilege is showing & it ain't pretty. LOL

[@doogieRN1]

MIIIKOO, GIRL, GIRL, GIRL!! AMEN! I don't know what to say but it was providence why I came across your KZbin channel 3 years ago. This was like so awesome. It hit on so many real levels, honey you keep it real. I love this method because it helps us create a budget that fits "me" and me alone because all of our situations and circumstances vary. Girl I had to pause and say, why like reading and studying the Bible and applying the principles therein can touch so many facets of your life, if I could find all the Sciriptures that apply financially and even those that may not have the word "money" or "plan" in it that is why it is the PRINCIPLEs and the process of applying that can touch many facets of life, that is what I saw and learned and loved about this video. Oh praise Jehovah Girl!! This is so good!! Thank you, ever so much girl, you are genuinely REAL!!