March 1st 2019 Paycheck Budget Overview

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Today, I am bringing you with me on my budgeting journey. We will be going over the paycheck that I received on March 1, 2019. After 9 years, this is the first budget that I am budgeting my money once a month.
Before, I got paid on the 5th and the 20th, which means I was creating a budget every time I received a paycheck. Now that I am self-employed full-time, I get a paycheck once a month, on the last day of the month.
In this video, I walk you through every step of my budget and give you the details into what it looks like with a once-a-month budget.
I have been sharing my real budget for over a year on Instagram, but only recently started sharing my budget on RU-vid. 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
Sinking Funds Savings Trackers: www.thebudgetm...
12 Months = 12 Savings Challenges: www.thebudgetm...
The Budgeting Method That Changed My Life: www.thebudgetm...
Join the TBM Family Facebook Community: / thebudgetmomfamily
How to Start Using the Cash Envelope Method:
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ABOUT ME
I'm the blogger behind www.thebudgetm.... 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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Опубликовано:

5 окт 2024

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Комментарии : 104

@natashataylor8262 5 лет назад

Your free resource library is unbelievable!! Definitely earned my subscription! ❤️🙌 thanks girl!

@PlainAndChelsea 5 лет назад

I’m going to be credit card debt free on the 15th of this month so It will make things a lot easier to save and budget All of my money :) this was very helpful and easy to follow.

@ceciliagarcia3268 5 лет назад

Everytime I see your videos it more explanatory. Baby steps I don't get paid as much as you but I do my best.

@alejandraramirez5752 5 лет назад

I loved this video!!! For some reason this was so much more clear than the other ones! Thanks for the inspiration!!

@Practice_Kindness-1st 5 лет назад

I get paid weekly but I save the entire amount and "pay" myself that amount at the beginning of the following month. This has helped out immensely because I have all my utility bills charged on my credit card (I pay it in full when I receive the bill), so I already know what my bills vs pay will be. Oh....another bunch of pretty envelopes you've come up with! Great video!

@milesfox49 3 года назад

I know I'm kind of off topic but does anybody know a good place to watch newly released series online?

@masondylan8733 3 года назад

@Miles Fox i use FlixZone. Just google for it =)

@kendrickalfred2266 3 года назад

@Miles Fox i use flixzone. You can find it by googling =)

@pollydolly9723 5 лет назад

Thanks again, very clear. I can tell there was a lot of trial and error to get to your beautiful finished products! Mapped out so that anyone can understand.

@Birdmom1823 5 лет назад

♥️ Love this video sooooo much❣️ I’m So glad to be part of the tbm group! 😍 can’t wait to get the new books and resources the box 📦 that it’ll come in is beautiful 😍

@lizzielou742 5 лет назад

I will be interested to see how you like the once monthly income. Maybe after several months you can give us your thoughts on monthly versus bi- monthly payday schedules. This is my very first month budgeting and you have been a huge influence for me! Thank you!

@mrsbs7146 5 лет назад

Your sinking fund envelopes are TOO ADORABLE!!!!!!!!!!!!! Love how they are so festive!!!!

@SimplyLivingIt 5 лет назад

Oh my!!! You are AMAZING! You are totally motivating me! I am so glad I stumbled upon your channel! Thank you for sharing your knowledge! 💗 👋 Hello, from Idaho! 😀

@wendyjackson9939 5 лет назад

Thank you so much for your videos! I am a new subscriber and have been watching a couple different youtubers trying to figure out which method would work for me. This "transition" video is extremely helpful in understanding your philosophy and applying it as well. Thank you!

@thereaderbug398 5 лет назад

Great and informative video. You are very easy to listen to because you are so articulate and you enunciate and I appreciate that. I was going to comment that I thought you could have used to cut down the explanations at some points but it appears that it's helping other people so that's better than leaving people confused. Good job working towards those savings goals! I have been taking a long hard look at our finances this year and really challenging myself to find more money to throw at our long term savings. We are receiving a substantial hike in income later this year and I want to make sure that I have a plan for it so that it doesn't end up getting "nickle and dimed" away.

@sischeramie3908 5 лет назад

Thank you for sharing. I find your videos so informative and helpful. I myself use my credit card to pay for everything but my regular bills. This helps me to accumulate points and helps to fund vacations. I am attempting to incorporate my ideas with your budget ideas which are great! So with that said I have been waiting for you to hit a particular point. You came close for this video....If your electric bill would have been $200.... and you would have needed to tap into the cushion in the checking, how do you mark that on your paperwork without it appearing to be extra income. Since you have already counted it when you put it in the checking account. Thanks again!!

@suemillott3863 5 лет назад

Thank you so much, finally someone who makes sense and doesn’t make you feel guilty for the mess you are in. When I worked out all my bills and cash envelopes I can actually save $800 to $1000 a month. I notice you didn’t put anything aside for clothes/shoes for you and your little boy.

@KATSUKI_BAKUGOFAN133 5 лет назад

I started my sinking funds based upon your method, and i am now 1 month in. I really love your detailed explanation of everthing. However i was wondering if you might do a video on what to do if you find yourself a little out of balance or low on funds for the month? You have inspired me to really get my finsnces in check.

@crystalseeley6140 5 лет назад

Thank you for this! I have been struggling with a once a month budget and this video has given me some wonderful ideas.

@NisaJordan 5 лет назад

Just happened upon your channel and loving your paycheck tracker. I will be purchasing once it's released.

@AussieMoneyMan 5 лет назад

Another great one. My savings video is my biggest so I might need to make a video on budgets too

@mzsha10 5 лет назад

Love your videos on Instagram & I’m loving your RU-vid videos! Just shared this with my sisters and friends! Thanks :)

@bohemianscrapgirl 5 лет назад

This is a very good video for understanding the process! Thank you so much miko!

@MzJoDi07 5 лет назад

I love how detailed you are because it makes it so much easier to follow and understand your methods. I definitely want to try this and subbed to your vids! I do wonder, when you have leftover in last months cash envelopes and you rollover the change, what do you do with the other amount? The 50s or 20s or 100s you had leftover? Is it placed into savings and how do you decide which one?

@mariannnewell8204 5 лет назад

I am wondering this also. Love how the budget is in "real" numbers so I can follow not astronomical amounts . So much easier to manage on an average income.

@TigerLily_YT 5 лет назад

Thank you for another great video, Kumiko! As for your cushion, when the cushion is finally worth of $1,000, do you remove this expense ($80) from your bills table (until you need to re-fill it back to $1K, of course)?

@kristamercier4822 5 лет назад

I love your videos! I will be starting on April 1st and I can’t wait! Should I wait for the workbook release or buy the one you have listed now? What are the differences? I can’t wait until the kids go to bed so that I can sit and watch this video 💕

@kristamercier4822 5 лет назад

Thanks so much for your quick reply! Is the downloadable version getting a makeover as well? I am equipped to print off at home so I do not need it mailed. Shipping to Canada is usually pretty pricey anyways. Thanks!

@dianecole9884 5 лет назад

I watched your video and loved your budget sheets, how do I get the sheets you have. great video.

@budgetrebelgoals 5 лет назад

Congrats on your changes and your success

@melissastack5983 4 года назад

I've watched this video a couple times now and am still confused on where the left over envelope money goes? for example, the Gas envelope you had $56 left over, you took $6 out for the next months envelope then you said you saved the $50. Where did the $50 go?

@kayakins3117 5 лет назад

I was looking at purchasing your budget work book, but I did not see the new Pack Check Bill Tracker in the set of pictures showing what's included in the work book. I was wondering if the new format was what would come with the purchase of if it's the previous format.

@trishmariee2461 5 лет назад

Love the new trackers!!! Right up my bullet journal alley 😍 Question, say you have X amount of money left over to roll into the next month for a bill at the first of the month, would you just track that on your last paychecks of the month tracker? I know every dollar has to have a job so I’m curious as to what you’d suggest ☺️

@RaeDanaeDesigns 5 лет назад

I will be leaving my job and working from home as well in June...how do you know the income amount will be the exact same each month if you work for yourself? Wouldn't it be different each month depending on the income/sales etc we do? I plan to continue my Etsy shop while teaching online from home Love your videos! Keep them coming!!

@deana6633 5 лет назад

RaeDanaeDesigns she probably has been making and average amount each month. She low balls her budget per month to have a certain budget for her personal monthly paycheck and a business budget.

@adrianamclaren7454 5 лет назад

Loving your content!!😍

@Practice_Kindness-1st 5 лет назад

Yes!

@theknottyoaktree1017 2 года назад

I purchased your pdf budget workbook but I much prefer this cash envelope breakdown worksheet rather than what's in the new notebook of just the teller slips.. I love this worksheet because it's a visual tally that I could quickly count up for the teller slip. Do you still offer this worksheet on your website? I have tried looking for it with no luck. Thank you for your help and wonderful videos. I've been having a lot of fun putting together my budget binder.

@cindycarrillo6540 5 лет назад

I loved this video. When the new one is available on your website to buy it.?

@EE-in7su 2 года назад

Hello! I am CLEARLY late to the party, but this was super helpful! The only part that wasn't clear to me was when you 'saved' some of the leftover money in the envelope (i.e. in miscellaneous you had $14, so you 'saved' the $10 and left the $4 in there). Where are you putting those savings? Do they go somewhere specific every time, or does it vary based on where you are focusing? A savings acct, extra debt, added to your sinking funds so you reach your goals faster? Any other savings challenges? Thank you for all of your explanations!

@mariahmills7476 5 лет назад

NEW SUBSCRIBER I HOPE I CAN SUCCEED WITH MY FAMILY OF 5 and a Stay at home mom with small business/new RU-vidr!!! Thank you for the motivation!

@Mademoiselleaimelest 5 лет назад

Your budget envelops are beautiful. Where did you get them? Thanks for your great videos!

@amberrose6647 5 лет назад

Hi! I just as of yesterday bought your 2019 budget workbook. But the paycheck bill tracker page is different then this layout and I like this layout much better- I love that it has a spot for sinking funds. Is there a way to choose this way instead, without having to spend another $30?

@srioti 5 лет назад

I have a question.. I noticed all of your cash amounts seem to be in full dollars. What do you do with the coins?

@kweenke842 5 лет назад

What savings account did you put the money that wasn't rolled over in? I'm so glad to be back on the budget scene I gotta side tracked and discouraged but I'm slowly coming back out of it.

@asmak7575 5 лет назад

but dear y u not save de money whch is left over from last monthly i mean watever 20 dollar etc save from last month u should transfr dt mony to savng acct.. just a suggestng othrws u done best in budgt 👌🏼

@crystalmartin9624 5 лет назад

Hi Miko....this video is so relatable to me because of the two paydays a month....Question: I see that you pay your first week bills in the previous month so does that mean that you start your expense tracking on your first paycheck of the month instead of the first of the month (relating to March)?

@cfinn9652 5 лет назад

I know you are transitioning, but have you thought about have one house savings amount now, rather than two at two different times? I would think you could go online and make that change to happen at the beginning of the month and if in a interest bearing account means you earn interest earlier on the that second deposit.

@windiejade 5 лет назад

Love your videos Miko🤗🤗

@alw0629 5 лет назад

Great Video! Did you do a checking cushion, while paying off debt?

@candi0826 5 лет назад

Do you not save for Mother’s Day and Easter. We do the Easter bunny and egg hunts.

@Hurrygoon 5 лет назад

So where does the extra money go that you save from your envelopes go if your only rolling over the small bills?

@n2xrcise 5 лет назад

That's what I was wondering too...

@donnamoore4494 2 года назад

I know this is old but I just want to ask why you can not just put a line on the cash envelope and start a new month as to not waste the envelope? Then just replace when full. Or then use your card inserts

@sandg5248 5 лет назад

You going to work for yourself don't forget taxes

@magical1717 4 года назад

Hi! And thank you! ? Do you pay “yourself first” before you figured out how much you would pay yourself monthly as a business owner? Im trying to figure this out myself as I am a new biz owner- This will be my 1st month using the BBP planner and Im ready to go! 🙌

@n2xrcise 5 лет назад

Great video. My question is would I need to do this if I really don't have any spending going on except fixed bills and debt repayment. I've basically put myself on nearly complete spending restrictions. Also, how do I determine how much to budget for sinking funds? And is there a list of what constitutes each cash envelope category? I buy beauty type stuff and dog food w/ my groceries. I'm confused on how to handle this stuff

@trblessed1020 5 лет назад

Quick question how do we get the updated paycheck tracker?

@butterflysugarbby 5 лет назад

I get paid weekly...i'm so confused... I hope your planner is back in stock soon

@arlenecollins9801 5 лет назад

Where would you pull money for other bdays, wedding or baby shower gifts?

@hawazinys 5 лет назад

I LOVE UR INTRO

@terelasso 5 лет назад

Hi Kumiko! Where do you track the money saved from the cash envelopes of preview month, and the money from the challenge?

@KraftyMix Год назад

Hello, wondering the same thing about the leftover money from the previous month envelope. When she said "save", did she mean it went to one of her sinking fund envelopes?

@kddavidson 5 лет назад

If my husband and I get a paycheck every week, should we just do a monthly budget to make it easier like you do yours?

@multimillionaire8763 5 лет назад

Love your videos! May I ask where you purchased the Paycheck Bill Tracker?

@melanie_pl 5 лет назад

She designed it but the new version is not available to purchase yet until later this month but she does have another version on her website 😊

@multimillionaire8763 5 лет назад

@@melanie_pl Thank you!

@sharonphillips3700 5 лет назад

What kind of paper do you use for your envelopes? It looks thick. Did you say that particular paycheck bill tracker sheet will be available soon?

@crystalbishop79 5 лет назад

I noticed that everything is by the dollar. I may have missed it, but what do you do with the change? Do you round up on money spent to the nearest dollar and stash the change somewhere?

@lanceandangelamendoza3744 4 года назад

When you stuffed the cash envelopes, do you put the larger bills back into your savings account? Or do you apply it somewhere else?

@jessicapinones2961 5 лет назад

I bought the workbook printable before watching this video. For people that already bought the workbook, will we get an updated bill tracker?

@yeseniab3373 5 лет назад

Jessica Pinones Same!! I would have loved to get the newer version instead

@yojs17_ 5 лет назад

Do you use a new envelope each month? How come you don't put the extra left over cash towards your savings goal of buying a house?

@dovenflight2056 5 лет назад

What do you do with the money saved from your sinking funds? Does that go to your house fund?

@imaniwills8457 5 лет назад

For your sinking fund accounts (minus Christmas) is that you saving for the whole year to prepare for next year?

@Mrsmetamorphosis2012 5 лет назад

Can u share how u watch tv w Hulu n internet. I'm trying to cut off direct tv to save money

@airplane312 5 лет назад

Can I give a idea why try a short term CD bonds I saw one for $1,000 at 6 months forgot what rate it was. CD bonds start at 6 months and go up from there and also rates will vary

@blissfulbilling 5 лет назад

Will the worksheet you used in this video be available in your shop? If so will an e-mail go out when it is available?

@mckenziegonzalez739 5 лет назад

Do you ever exchange the bills in your sinking funds for larger bills?

@CP-yf5lz 5 лет назад

Will the paycheck bill tracker be available somewhere for us to use too?

@tiffanyrockwell2115 5 лет назад

I love your videos but I am still struggling. How would you budget if there are two incomes with a paycheck coming in every Thursday? Also, I have to be one month a head correct?

@tiffanyrockwell2115 5 лет назад

THE BUDGET MOM thank you.... excuse me while I go buy some of your cute envelopes ❤️

@tammymeek8930 5 лет назад

Did you make your envelopes or did you buy them? Are they cardboard or paper?

@jai4100 5 лет назад

I just purchased the workbook digital download however the sinking funds pages you show in this video are not part of it. Any chance those are available to us who have purchased the workbook?

@Denisseberrios 4 года назад

Dónde compras los sobres

@marilynortega-barba6508 5 лет назад

New subbie here ❤❤❤❤

@cfinn9652 5 лет назад

What did you do with the leftover money from February cash envelopes that you did not roll over to March? You said you saved it, but did you physically deposit it back into the bank? Did you allocate it to the house savings, or do you have another envelope where you are saving?

@LonnieandJess 5 лет назад

c finn I’m wondering the same thing. I would think that you add it to your big savings goal.

@LaUrEnAsHeLy111 5 лет назад

I dont see these budget sheets on your website

@ajelly00 5 лет назад

I'm having trouble finding the worksheet she uses to break down which bills to get from the bank, anyone know where to find it?

@julieohalloran6290 5 лет назад

How much do you spend in printing envelopes?

@brmir1527 5 лет назад

What do you do with the money you are saving every Friday in March?

@happycamper8892 5 лет назад

I need to figure out 2 paychecks, my hubby gets paid weekly, and I get paid bi-weekly.

@halibutchaser6983 5 лет назад

My hubby and I had the same set up a few years ago. I used the bi-weekly for all scheduled bills, and the weekly for our spending cash. I wasn't as detailed as Miko is, but it worked at the time! HTH...

@SandraGarcia-xg1ih 5 лет назад

What computer program can I use to change my design on my envelopes?

@ElkhariaOfficial 5 лет назад

Where can I print that template out from?

@cyndikirby3206 5 лет назад

What are you doing about taxes?

@leannaewell1161 5 лет назад

Where do you normally put the extra savings from your cash envelopes?

@leannaewell1161 5 лет назад

@@thebudgetmom awesome!!!

@dovenflight2056 5 лет назад

Why do you have two categories for House Savings under Bills?

@TwoCents 5 лет назад

She said it automatically comes out of her account two times because that’s how it was set up when she was getting paid twice a month.

@wr3504 5 лет назад

Have you called your insurance companies to lower your bills? I save hundreds every year by just shopping around and calling to ask if i xan pay less!