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BBP REAL LIFE BUDGET | Multiple Jobs + Setting Budget Limits 

The Budget Mom
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20 окт 2024

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Комментарии : 127   
@NurseProf
@NurseProf 2 года назад
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!!
@thebudgetmom
@thebudgetmom 2 года назад
You got this Sharon!!!! :-)
@rachelgilbert3164
@rachelgilbert3164 2 года назад
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!!! 💚💙💜
@sharonostrowsky37
@sharonostrowsky37 2 года назад
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!🙂
@MittenPrepperVet
@MittenPrepperVet 2 года назад
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.
@MittenPrepperVet
@MittenPrepperVet 2 года назад
YOU will do Great following this method Sharon!! I started at the same age as you - you got this! 🥳💯
@xiomaragomez6649
@xiomaragomez6649 2 года назад
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.
@nellie3176
@nellie3176 2 года назад
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
@stefsonabudget
@stefsonabudget 2 года назад
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.
@KimEsCreations
@KimEsCreations 2 года назад
I love seeing these real life budgets. ☺️☺️
@user-uq4rk9hx5j
@user-uq4rk9hx5j 2 года назад
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
@jeniferj
@jeniferj 2 года назад
"my budget has my back." LOVE THIS!!
@leticiavazquez6254
@leticiavazquez6254 2 года назад
Hello Miko! 😊 real life budget like these are awesome to watch. You make things so simple and effective.
@pattycov5097
@pattycov5097 2 года назад
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.
@KourttneyL
@KourttneyL 2 года назад
These videos help me so much. I am almost done paying off my CC debt!! $2300 left to go!!
@frugalfitgoals1056
@frugalfitgoals1056 2 года назад
Awesome! Congrats!!
@gulserocak
@gulserocak 2 года назад
Once you face the reality, you become a warrior … 👍🏻
@eobrien1
@eobrien1 2 года назад
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.
@amandac4624
@amandac4624 2 года назад
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 ❤️
@starrchick28
@starrchick28 2 года назад
I truly hope she enjoys her journey towards financial freedom and got this like a boss! ❤️
@LaToyaPlansLife
@LaToyaPlansLife 2 года назад
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!!! 💪🏾😉
@MicahRion
@MicahRion 2 года назад
These are my favorite videos of yours.
@eduardhorst831
@eduardhorst831 2 года назад
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
@ellievon6479
@ellievon6479 2 года назад
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 🤦
@kathythompson6021
@kathythompson6021 2 года назад
@@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👍
@kathythompson6021
@kathythompson6021 2 года назад
@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☺️🤑
@ellievon6479
@ellievon6479 2 года назад
@@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🙏🙏🙏🙏
@jameslayton6584
@jameslayton6584 2 года назад
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 😁
@Txgirl-tt1ym
@Txgirl-tt1ym 2 года назад
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.
@archie43211
@archie43211 2 года назад
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😁😁
@thesaltyhomemaker
@thesaltyhomemaker 2 года назад
Totally need a Miscellaneous or "Fun Money" envelope to get control of random purchases!
@krmh75
@krmh75 2 года назад
I feel like things are missing...first thing that pops up is insurance- car/home, eating out,etc
@lageneice
@lageneice 2 года назад
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!!!
@valeriebabbe7681
@valeriebabbe7681 2 года назад
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.
@vic7175
@vic7175 Год назад
I would have takled the home equity first (since is risking her house ) and the proceed with the credit card.
@kimberlyupchurch2480
@kimberlyupchurch2480 2 года назад
Can you talk about gas prices how do you save money for gas?
@michellemorales401
@michellemorales401 2 года назад
I increased our monthly budget category for the increase. I won't truly know if I added enough until 2 months passes. 😕
@sweetstkissez22
@sweetstkissez22 2 года назад
This could be my house so easy. “Leaking spending” it’s been a huge issue for me! ❤️ this year will be different period!
@fasteddy3336
@fasteddy3336 2 года назад
God bless you!
@johnny7121
@johnny7121 Год назад
I only watch her videos because she's gorgeous... I am sooo in love with her ❤
@mtl_mayhem
@mtl_mayhem 2 года назад
Bless you!! 😉
@lratley4420
@lratley4420 2 года назад
How do I use the Budget Mom workbook with 2 checking accounts. I get paid biweekly. One account pays all bills.
@Lanya-Li
@Lanya-Li 2 года назад
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.
@countrywitch3145
@countrywitch3145 2 года назад
I have a question if the interest rates are the same how would you do it then?
@fayejacobs1043
@fayejacobs1043 2 года назад
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.
@frugalfitgoals1056
@frugalfitgoals1056 2 года назад
Fun!
@joesamuel4676
@joesamuel4676 2 года назад
Where does subscription falls under - Utilities? Thanks.
@brennamelo3146
@brennamelo3146 2 года назад
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!
@candy2325
@candy2325 2 года назад
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
@shandellmccarthy1255
@shandellmccarthy1255 2 года назад
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
@pamelamartin3750
@pamelamartin3750 2 года назад
Make a “savings challenge” category
@AmberGilbertson
@AmberGilbertson 2 года назад
Is there a reason why the Jeep payment wasn't added under debt?
@123kirmizi
@123kirmizi 2 года назад
I cannot wait for RU-vid videos
@lauriegentle4083
@lauriegentle4083 2 года назад
Please help me find out were I can get your budget book.l love your videos.
@vickdin480
@vickdin480 2 года назад
He can be reached directly using..
@vickdin480
@vickdin480 2 года назад
His Te le gr am hand le 👇
@marthab255
@marthab255 Год назад
Where is clothing in the budget? I never see anything for clothes.
@k.b.s4703
@k.b.s4703 2 года назад
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
@ohjohnicaxo 2 года назад
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)
@dancinelectricman432
@dancinelectricman432 2 года назад
How can I send you my numbers and you HELP me! I'm struggling. I'm at a loss of where to even begin.
@sarataylor4537
@sarataylor4537 2 года назад
I wanna know the samething
@nikolalisa
@nikolalisa 2 года назад
How do I get those forms?
@brroookkeee
@brroookkeee 2 года назад
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?
@jadiecakes3241
@jadiecakes3241 2 года назад
It can really vary depending on were you live and if you have any health issues/allergies.
@jenson8931
@jenson8931 2 года назад
How many members in the family? 43???
@brroookkeee
@brroookkeee 2 года назад
@@jenson8931 HAHA I meant 3. Fixed it
@brroookkeee
@brroookkeee 2 года назад
@@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
@thedarkangel456789
@thedarkangel456789 2 года назад
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.
@ABCD-si7px
@ABCD-si7px 2 года назад
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.
@jenniferwang3489
@jenniferwang3489 2 года назад
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.
@candy2325
@candy2325 2 года назад
I could have sworn she listed her car loan in her expenses.. her Jeep
@maryrock6990
@maryrock6990 2 года назад
She had a car loan and gas category.
@jenniferwang3489
@jenniferwang3489 2 года назад
@@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.
@coral-annbirnie4159
@coral-annbirnie4159 2 года назад
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
@Faey-i8n
@Faey-i8n 2 года назад
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 😩
@lindalong2297
@lindalong2297 2 года назад
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
@Jenniferhneway0 Год назад
😮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
@dmc21043
@dmc21043 2 года назад
She barely has any variable categories. Maybe she just charges everything else and that is how she is in trouble.
@Superpau1994
@Superpau1994 2 года назад
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.
@thesaltyhomemaker
@thesaltyhomemaker 2 года назад
Start by getting her Budget by Paycheck workbook, and watching her how to RU-vid videos. Also, she has an amazing Facebook group full of mentors!
@Superpau1994
@Superpau1994 2 года назад
@@thesaltyhomemaker thank you and her Book is sold out sadly
@thesaltyhomemaker
@thesaltyhomemaker 2 года назад
@@Superpau1994 her audiobook is read by her, highly recommend!
@thesaltyhomemaker
@thesaltyhomemaker 2 года назад
@@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.
@Superpau1994
@Superpau1994 2 года назад
@@thesaltyhomemaker is that on her website?
@kingsleymoore2354
@kingsleymoore2354 2 года назад
*This* *period* *making* *a* *good* *profitable* *investment* *should* *be* *in* *every* *wise* *individuals* *list* 🔴🔴
@cynthiahenry6821
@cynthiahenry6821 2 года назад
Most intelligent words I've heard
@migueldurrelo8951
@migueldurrelo8951 2 года назад
This season has been really great I’ve been making massive returns on my binary investment all thanks to my expert Timothy Gregg
@rolandsam1529
@rolandsam1529 2 года назад
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
@bobbrown4998
@bobbrown4998 2 года назад
Without the help of expert Timothy Gregg, I would have still been in abject poverty struggling with life
@holandkim3453
@holandkim3453 2 года назад
His technical analysis are very accurate
@thebudgetday
@thebudgetday 2 года назад
hello from Belgium
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