Yay-another video with Ryen. I love you both. I think you play off each other really well and it's so nice to see two different incomes, expenses etc using the same system.
I'm extra spend-y with my cards. I prefer cash. I don't like giving it to anyone. It was great to hear that others take their cash and deposit it to cover online purchases. I do that, too. I never thought about comparing my months against each other. That's something that I need to do. Great video! It was awesome seeing the two budget recaps together.
Hey Miko, for the new edition in October, I would recommend considering moving the Monthly Spending Comparison up in the book to immediately after the Monthly Budget Category Breakdown. That way we can review our spending compared to our budget and then compare to last month’s spending. Then move on to debt and savings breakdown.
How do you track/budget for annual bills like Amazon Prime, Costco memberships, etc? Would they be written in your bills section, variable spending section, kept as a sinking fund, or just covered by your cushion? Love y'all
Love your videos and would love to see how Ryan budgets her income doing a monthly budget but not getting pd monthly. Like how does she cover expences in the begin of the month until her next paycheck if she has already closed out her budget im curious because i get pd every 2 weeks. Thanks
Any suggestions for vibrant colorful pens? Some of mine bled through a bit. Not a big deal but I’m also a pen junkie. I’m loving my LRP and have something fun to do that’s also beneficial to my life!
This was very helpful. Thank you. I was not sure how to do these pages.I also Like seeing the difference between yours and Ryen. I get paid the same dates as Ryen so knowing she does it for the full month was good to know.
I find it awesome that your retirement age is 59-60 years old. In Australia ours is 65-67 years old. We can access superannuation at that time. Some can access it at 60. But retirement is 65. At the moment but by the time I retire it may be 67-70 years.
I love these videos, I started in January and I still learn something from each video. I have a question. I roll over envelopes pretty often because my Husband is self employed and since his income varies, sometimes I have to make up for it. It’s hard to budget when it changes each month so I try to keep extra in each envelope in case. So when including the starting balance on the trackers, should I include the sinking fund totals too even if I don’t plan on using any? I normally do and for some reason, my tracker is always off from what I actually have in cash in my variable and sinking fund envelopes. I hope this question makes sense 😬
Also, could you make a video about how you used your clothing sinking fund and income from Chris for your Costco run? Curious how you accounted for this in the workbook. Stuff like this stresses me out because I don’t know how to track it.
I have been wanting a budget by paycheck book since the first of the year! Can’t wait until more come out! I have saved for one and can’t wait to purchase it.
Shantell Kuik Me too! I use Miko's cashless "envelope" cards to track my variable spending in each category. Works like a dream, and I’m much more disciplined using my card with the cashless envelopes. I also don’t like carrying around a lot of cash, and even more importantly, my spending cash is in an interest-bearing checking account so it can be earning money for me.
Same here! I use the envelopes for some sinking funds in cash(Christmas, trips, fall festivities, pets) but I don't have them out unless I am putting cash in or taking it out for the purpose. I keep them locked away or I'll use them. I spent so much when I had cash because I had that "well, it's not for bills- it's extra money" mindset and I still do that for some reason.
This may be a very stupid question to ask, but how do you budget the next month on the 1st when the last check of the month before runs into the new month? I get paid biweekly
I love seeing these monthly budget recaps but could you zoom in a little more on the workbooks side by side please as it’s difficult to see some things you’re showing. Thanks!
How do you show (or do you) money which is auto-removed from my paycheck and goes to a 401(k)? My company matches up to 5% and right now I have 7% removed. Since I never 'see' the money, I haven't ever counted it as going to savings. Should I continue to ignore it and not show it on my tracker? Or should I include it?
Very interesting video from both of you...cash spending online can be tricky to keep on top of sometimes. Can you discuss a little bit more about your approach to financial freedom on a video? Thanks!
When will your Budget Planner be available? I had ordered the printable version but found it didn’t print on my printer very well. So I went to get some of the pages printed at Staples but it was expensive to get it all printed...😕 I want to just order the binder. Thanks for all your knowledge you shaker! So inspired by
For anyone wondering where to print your digital copy of the bbp workbook, I recommend The Homeschool Printing Company! Here is what it looks like with details I chose for printing: • Double-sided • Colored • 24 lb paper • Binded with clear plastic covers on front and back page • $36.11 total including shipping
so will your new release planners have this workbook layout in them??? I didn't see them in your recent planner review video?? Where can I get the workbook?? New to this group, and want to set it up to work along side of everyone...
The latest release was a planner for scheduling (the live rich planner or LRP). The book in this video is the budget by paycheque or BBP workbook. You can get a digital version of this BBP on mikos website, or the actual book comes out in october, but ive heard pre-order is September
I think its a brokerage account - so the money is actually in mutual funds, index funds, stocks or bonds (whatever Miko chooses). But not a bank account , because even with a "high yield" savings account, the most you will be earning is about 1.5% - which is horrible growth compared to a mutual funds, index funds, etc. Do you have to put after-tax dollars in to a brokerage account, and you will pay capital gains taxes on any earnings that you take out. But you can take the money out at any time without a tax penalty.
These videos are great. I can't do the cash but I use a cash + credit card to earn money back for buying food and paying bills so I have earned money back from that.
It used to be called "Ebates" but they actually changed the name to Rakuten. Its a little app or program for a computer that will give you cash back for shopping through the Rakuten referral link at online stores. The percentages and offers are constantly changing, but for example, it might give you 3% cash back for shopping at Walmart online or 2% back for Amazon purchases in the category of "home and garden". Every 3 months, they send you a "Big Fat Check" with the amount you earned (mine goes to my PayPal). Miko said she puts than money into her Amazon spending account. This referral link will give you a $10 bonus just for signing up www.rakuten.com/r/HUNEYB98 Of note - its totally free to sign up and use the app. The service makes its money by advertisers paying the company when it refers a customer to the company's website and they make an online purchase.
Miko, I left a message in the facbook group. I have 2 checking accounts. How do you track income when you transfer from one account to another (at a separate bank). Can you post an article or a video explaining this please.
I would say it's the same you put the total you had in both accounts in the beginning of the month and then the total you had in both accounts at the end of the month.
You take out cash, just to replenish your checking account for what you paid with a debit card? Cash spending with this tedious tracking makes no sense to me. You're obviously keeping an eye on your money by noting it down (very redundantly with this notebook and your cash envelopes, and not very accurately given that you are rounding everything up and expect to be off at the end of the month). It just blows my mind how people say paying in cash is the only way for them to get a handle on their finances because debit/credit card spending causes them to be careless. I'd say if you can dedicate time to tracking your finances with the amount of time and effort this system requires, I think you can give yourself some freedom and look into flexible spending options like paying with a debit/credit card or discounted prepaid gift cards and track as you go. You'll look at your balance in your spending accounts (not your checking account) as your "available cash" and then tell yourself whether you can/should buy it. In the case of credit cards, you can get cash back and defer payment interest free anywhere from 20 days to 50 days with grace periods (you of course have to be careful, but it is a POWERFUL tool when used correctly) The freedom to pay with debit/credit card responsibly will allow for faster, easier to track, and SAFER transactions. Think of all the time you would save not going to the bank every pay period and not worry about getting robbed. My friend was recently robbed after leaving a bank after she withdrew her spending money from her paycheck and she had NO RECOURSE for getting it back; I felt so devastated for her. Clearly there's a huge following with cash spending with Dave Ramsey and this blog has a huge following, but I do want people to open their minds just a little bit about using different methods of payments and not worry about how it will hinder their healthy financial habits. You did get my full view of the video (with ads) so if anything, you got that from me.
I agree. I have a cheap little dollar store notebook where I write my expenses, variable spending and sinking funds, etc and I do the math as I go when allocating money across all categories. I don’t highlight any calendar and take out a ton of cash for categories. When I grocery shop I use my credit card where I get 5% cash back and I set an amount and I don’t go over it. I leave that set amount of money in my checking account and pay the credit card back of what I spent. Way easier. I do have a cash envelope for my car maintenance fund and shopping but that’s it. I’m not pulling out cash for rent, cable bill, health insurance , etc. that’s too much.
The new one coming won't gave a printable version she said that she doesn't want to have the printable and people go print it off and bind it on their own because it's more expensive than what she sells the physical one. She wants to eat the cost for you.
@@terranlane6779 oh damn really :( its cheaper for me to buy the digital and print it as i need it at work and just hole punch it myself. I saw what people paid for international shipping/plus the currency conversion for the LRP, and its way more expensive to buy the actual workbook.
Jadie Cakes I know I'm trying out different ways of her BBP workbook I tried in a 3 ring binder, digital, and in a happy planner. I found I liked in in the happy planner rings best and wanted to swap hp own stuff for the LRP but ill just have to miss out I guess. 🤷♀️ I wanted an all in one small size book. Wishful thinking
@@terranlane6779 that would have been cool as a small size! Can you just keep using last years digital copy? i dont take mine out of my home office, so i think a 3 ring binder will be perfect for me (plus i have super messy writing haha so it needs to be A4). But I'll definetly just keep using the digital copy i already have from the sounds of it. Im still working from home, so it costs me about $10 to print 3 months at the moment, till i can go back and just print as required.
@Kumiko.. Love your channel and the way you inspire me to have a better relationship with money and manage it.. I am following you from 1 and half year. As I bought your Budget Book last month. I requested to join your fb page so that I can share my thoughts and get inspired to be on this journey.. But my request to join you fb page has not been approved yet. Can you please look into it once. Thanks and thanks for all your inspiration..
When you track your cash spending on your tracker, do you write down the name of your cash envelope category or do you write down where you spent the money? And do you get child support and alimony from your ex-hubby?
Yay-another video with Ryen. I love you both. I think you play off each other really well and it's so nice to see two different incomes, expenses etc using the same system.
I love these videos! It is great to see the progress that Ryan is making.
I'm extra spend-y with my cards. I prefer cash. I don't like giving it to anyone. It was great to hear that others take their cash and deposit it to cover online purchases. I do that, too. I never thought about comparing my months against each other. That's something that I need to do. Great video! It was awesome seeing the two budget recaps together.
The Financial Freedom Diary same here - I prefer cash spending.
Hey Miko, for the new edition in October, I would recommend considering moving the Monthly Spending Comparison up in the book to immediately after the Monthly Budget Category Breakdown. That way we can review our spending compared to our budget and then compare to last month’s spending. Then move on to debt and savings breakdown.
I can't wait to get my Live Rich Planner.
Evelyn Ortiz Me too! I just checked my tracking and it’ll be in my mailbox Monday! Lucky that I live in Washington so it didn’t have to ship far 😊😊
I love seeing Ryens budget because I get paid every 2 weeks too!
How do you track/budget for annual bills like Amazon Prime, Costco memberships, etc? Would they be written in your bills section, variable spending section, kept as a sinking fund, or just covered by your cushion? Love y'all
Another super helpful video! But aaaw dang it - there’s no blooper after this video or banter between u and Ryen. I love those!
Love your videos and would love to see how Ryan budgets her income doing a monthly budget but not getting pd monthly. Like how does she cover expences in the begin of the month until her next paycheck if she has already closed out her budget im curious because i get pd every 2 weeks. Thanks
Have same question! This part was confusing me a little to
I love these duet recaps. It's my favorite!!!!
Thanks for these videos! When will your Budget Workbook be available again? I really want to purchase one as soon as possible.
I believe in the website it says June 15th.
Never mind it say October 15th
I love the comparison between your recap and Ryen's. I always learn a new tip from these videos!
Any suggestions for vibrant colorful pens? Some of mine bled through a bit. Not a big deal but I’m also a pen junkie. I’m loving my LRP and have something fun to do that’s also beneficial to my life!
This was very helpful. Thank you. I was not sure how to do these pages.I also Like seeing the difference between yours and Ryen. I get paid the same dates as Ryen so knowing she does it for the full month was good to know.
I find it awesome that your retirement age is 59-60 years old. In Australia ours is 65-67 years old. We can access superannuation at that time. Some can access it at 60. But retirement is 65. At the moment but by the time I retire it may be 67-70 years.
I love these videos, I started in January and I still learn something from each video. I have a question. I roll over envelopes pretty often because my Husband is self employed and since his income varies, sometimes I have to make up for it. It’s hard to budget when it changes each month so I try to keep extra in each envelope in case. So when including the starting balance on the trackers, should I include the sinking fund totals too even if I don’t plan on using any? I normally do and for some reason, my tracker is always off from what I actually have in cash in my variable and sinking fund envelopes. I hope this question makes sense 😬
Also, could you make a video about how you used your clothing sinking fund and income from Chris for your Costco run? Curious how you accounted for this in the workbook. Stuff like this stresses me out because I don’t know how to track it.
hoping to see a new budget by paycheck in the smaller size like the new live rich planner option!!!!!
I have been wanting a budget by paycheck book since the first of the year! Can’t wait until more come out! I have saved for one and can’t wait to purchase it.
So I'm curious if you are thinking about doing bulk buying at Costco as a sinking fund with food like produce and eating out being a separate item?
If I have cash on me I spend it l. I manage my money better when I am low on funds or if I have my debit card
Shantell Kuik Me too! I use Miko's cashless "envelope" cards to track my variable spending in each category. Works like a dream, and I’m much more disciplined using my card with the cashless envelopes. I also don’t like carrying around a lot of cash, and even more importantly, my spending cash is in an interest-bearing checking account so it can be earning money for me.
Same here! I use the envelopes for some sinking funds in cash(Christmas, trips, fall festivities, pets) but I don't have them out unless I am putting cash in or taking it out for the purpose. I keep them locked away or I'll use them. I spent so much when I had cash because I had that "well, it's not for bills- it's extra money" mindset and I still do that for some reason.
I really love these videos!!! It help me so much!!
This may be a very stupid question to ask, but how do you budget the next month on the 1st when the last check of the month before runs into the new month? I get paid biweekly
Can the planner be shipped to the Netherlands? Or only available in usa? And is it dollar-based or can it be used with euro's too?
Can't wait to get my LRP! :) Are those who ordered it starting it right away? Or are you gonna wait until the new year?
Straight away!! I won’t be able to wait until the new year!! Lol 😆
Mine says it will arrive on monday and i will use it right away, I can’t wait
Starting in July💕
I love seeing these monthly budget recaps but could you zoom in a little more on the workbooks side by side please as it’s difficult to see some things you’re showing. Thanks!
I think I get confused with tracking the first - end of the month vs. budgeting by paycheck. I'm going to try just by paycheck. Fingers crossed!
My only suggestion is maybe add a few expense tracker sheets in the live rich planner.
Love watching the videos with you and Ryen 😊
love it!!!! so helpful and educational. thanks!
How do you show (or do you) money which is auto-removed from my paycheck and goes to a 401(k)? My company matches up to 5% and right now I have 7% removed. Since I never 'see' the money, I haven't ever counted it as going to savings. Should I continue to ignore it and not show it on my tracker? Or should I include it?
What a great video! Loved to see your progress!
Very interesting video from both of you...cash spending online can be tricky to keep on top of sometimes. Can you discuss a little bit more about your approach to financial freedom on a video? Thanks!
Thanks for sharing this kind of stuff
Very encouraging and motivating, God Bless
When will your Budget Planner be available?
I had ordered the printable version but found it didn’t print on my printer very well. So I went to get some of the pages printed at Staples but it was expensive to get it all printed...😕 I want to just order the binder. Thanks for all your knowledge you shaker! So inspired by
For anyone wondering where to print your digital copy of the bbp workbook, I recommend The Homeschool Printing Company!
Here is what it looks like with details I chose for printing:
• Double-sided
• Colored
• 24 lb paper
• Binded with clear plastic covers on front and back page
• $36.11 total including shipping
grisell cifuentes 😊thank you!
grisell cifuentes thank you!! I didn’t want to wait until October
Great video. I always give the tip to stay positive when paying down debt!
so will your new release planners have this workbook layout in them??? I didn't see them in your recent planner review video?? Where can I get the workbook??
New to this group, and want to set it up to work along side of everyone...
The latest release was a planner for scheduling (the live rich planner or LRP). The book in this video is the budget by paycheque or BBP workbook.
You can get a digital version of this BBP on mikos website, or the actual book comes out in october, but ive heard pre-order is September
I love these recaps! You were my inspiration to start my channel 💕💕💕
Love this video, just started my channel and you are my inspiration
It’s Ornella on MomOnABudget me too 💕
Are you using the small or large of the books that you offer?
Where did u get your highlighters?
Thanks for the video! Question: the financial freedom savings are not on a 401k or Roth, right? So, are those savings in a regular savings account?
I’d like to know this too. We put many aside in our 401K, Roth IRA and 529. Where do you put your money to be able to pull it before retirement?
I think its a brokerage account - so the money is actually in mutual funds, index funds, stocks or bonds (whatever Miko chooses). But not a bank account , because even with a "high yield" savings account, the most you will be earning is about 1.5% - which is horrible growth compared to a mutual funds, index funds, etc. Do you have to put after-tax dollars in to a brokerage account, and you will pay capital gains taxes on any earnings that you take out. But you can take the money out at any time without a tax penalty.
arthrodea thank you so much for answering the question! Good luck in your journey too! 🎉
I just found your channel and love it! Where can I get this budget workbook?
It’s on her website but it’s sold out at the moment :(
How do you figure out your "budget" amount for your savings on this sheet?
Great video! 👍🏼👍🏼
Hi, this may be a silly question, but how do you get your cash each month? Are you paid in cash?
Hi holly they use the budget workbook to Calculate the exact bills they need and go to the bank for it
I like to include my sinking fund balances in my cash tracker just to remind myself that I have a plan for that cash. 😁
Today was my first day grocery shopping with cash 😬 I did good, but I agree I was more cautious with the cash. I actually brought healthier food 😂.
This was such a good video... very transparent
I just got my book can’t wait to start in July
Love your nail color Miko!
These videos are great. I can't do the cash but I use a cash + credit card to earn money back for buying food and paying bills so I have earned money back from that.
When will your budget planner be back in stock?
I think its october, but you can also download a digital copy :)
The live richer planner is available now I just got mine today . But the budget by paycheck workbook is not available now.
I hated going cashless. Went back to cash in June.
I need suggestions on how to stay motivated month to month what do you girls got??
Love you guys ♥️
When are the budget workbooks going to be available?
We are getting sooo close to your next launch which will be October 15th, but we will start preorders Sept 15th 😍
Sept 15?? Happy Birthday to Me!!!!! 🎉😍🎈
*Kumiko* great video and food for thought and my channel 💓
Miko, what check do you receive in the mail? From Amazon??
It used to be called "Ebates" but they actually changed the name to Rakuten. Its a little app or program for a computer that will give you cash back for shopping through the Rakuten referral link at online stores. The percentages and offers are constantly changing, but for example, it might give you 3% cash back for shopping at Walmart online or 2% back for Amazon purchases in the category of "home and garden". Every 3 months, they send you a "Big Fat Check" with the amount you earned (mine goes to my PayPal). Miko said she puts than money into her Amazon spending account.
This referral link will give you a $10 bonus just for signing up
www.rakuten.com/r/HUNEYB98
Of note - its totally free to sign up and use the app. The service makes its money by advertisers paying the company when it refers a customer to the company's website and they make an online purchase.
Miko, I left a message in the facbook group. I have 2 checking accounts. How do you track income when you transfer from one account to another (at a separate bank). Can you post an article or a video explaining this please.
I would say it's the same you put the total you had in both accounts in the beginning of the month and then the total you had in both accounts at the end of the month.
She covers it in this video on facebook: facebook.com/watch/?v=579029839171449
They're called "balance affecting transfers" or "internal transfers".
Thanks
I’m a new subscriber!
Miko wants Ryen out of debt more than Ryen does. Maybe not...but Miko def hates debt.
You take out cash, just to replenish your checking account for what you paid with a debit card? Cash spending with this tedious tracking makes no sense to me. You're obviously keeping an eye on your money by noting it down (very redundantly with this notebook and your cash envelopes, and not very accurately given that you are rounding everything up and expect to be off at the end of the month). It just blows my mind how people say paying in cash is the only way for them to get a handle on their finances because debit/credit card spending causes them to be careless. I'd say if you can dedicate time to tracking your finances with the amount of time and effort this system requires, I think you can give yourself some freedom and look into flexible spending options like paying with a debit/credit card or discounted prepaid gift cards and track as you go. You'll look at your balance in your spending accounts (not your checking account) as your "available cash" and then tell yourself whether you can/should buy it. In the case of credit cards, you can get cash back and defer payment interest free anywhere from 20 days to 50 days with grace periods (you of course have to be careful, but it is a POWERFUL tool when used correctly) The freedom to pay with debit/credit card responsibly will allow for faster, easier to track, and SAFER transactions. Think of all the time you would save not going to the bank every pay period and not worry about getting robbed. My friend was recently robbed after leaving a bank after she withdrew her spending money from her paycheck and she had NO RECOURSE for getting it back; I felt so devastated for her. Clearly there's a huge following with cash spending with Dave Ramsey and this blog has a huge following, but I do want people to open their minds just a little bit about using different methods of payments and not worry about how it will hinder their healthy financial habits. You did get my full view of the video (with ads) so if anything, you got that from me.
I agree. I have a cheap little dollar store notebook where I write my expenses, variable spending and sinking funds, etc and I do the math as I go when allocating money across all categories. I don’t highlight any calendar and take out a ton of cash for categories. When I grocery shop I use my credit card where I get 5% cash back and I set an amount and I don’t go over it. I leave that set amount of money in my checking account and pay the credit card back of what I spent. Way easier. I do have a cash envelope for my car maintenance fund and shopping but that’s it. I’m not pulling out cash for rent, cable bill, health insurance , etc. that’s too much.
Can ANYONE tell supporters if the planner will have a printable version???
I have searched and asked multiple times on FB and RUclips to no avail.
The workbook does have a pdf version you can find that on her website, the live rich planner no pdf version.
The new one coming won't gave a printable version she said that she doesn't want to have the printable and people go print it off and bind it on their own because it's more expensive than what she sells the physical one. She wants to eat the cost for you.
@@terranlane6779 oh damn really :( its cheaper for me to buy the digital and print it as i need it at work and just hole punch it myself. I saw what people paid for international shipping/plus the currency conversion for the LRP, and its way more expensive to buy the actual workbook.
Jadie Cakes I know I'm trying out different ways of her BBP workbook I tried in a 3 ring binder, digital, and in a happy planner. I found I liked in in the happy planner rings best and wanted to swap hp own stuff for the LRP but ill just have to miss out I guess. 🤷♀️ I wanted an all in one small size book. Wishful thinking
@@terranlane6779 that would have been cool as a small size! Can you just keep using last years digital copy?
i dont take mine out of my home office, so i think a 3 ring binder will be perfect for me (plus i have super messy writing haha so it needs to be A4). But I'll definetly just keep using the digital copy i already have from the sounds of it. Im still working from home, so it costs me about $10 to print 3 months at the moment, till i can go back and just print as required.
@Kumiko.. Love your channel and the way you inspire me to have a better relationship with money and manage it.. I am following you from 1 and half year. As I bought your Budget Book last month. I requested to join your fb page so that I can share my thoughts and get inspired to be on this journey.. But my request to join you fb page has not been approved yet. Can you please look into it once. Thanks and thanks for all your inspiration..
When you track your cash spending on your tracker, do you write down the name of your cash envelope category or do you write down where you spent the money?
And do you get child support and alimony from your ex-hubby?
❤️
Why don’t you ever introduce Ryen??
Would you guys ever consider boasting different peoples budget recaps? I mean as in free videos from viewers b how they budget and how they did.
🥰
First 😊
Not sure why she speaks with that tone
Wish Ryan had her own channel. For now I'll just unsubscribe.
Can I ask why?
Why
????
Why? Is it bc your finances match hers more?
What? Whats wrong with Miko?