My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money averaging about $2 million was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.
natalia I agree, my profit has been consistent regardless of the market situation, I entered the market in early 2018 and the constant downtrends and losses discouraged me so I sold, came back in December 2020, this time with the guidance of a recommended investment advisor from a well-known economist on a subreddit, long story short, it's been 2 years now and I've made over $850,000 on the guidance of my investment advisor.
@@MariusNatt “Autumn Lynzi Smith” is the investment advisor that guides me, you probably might've come across her before. She's quite known in her field so make sure you look her up because it shouldn't be difficult to find her website.
I know posting TH-cam videos is a lot of work, but I would love to see more videos, especially BBP strategies for real budgets people send in. Your methods are the most effective budget strategy I have seen yet, and I crave more knowledge!!! Thank you! 💚💙💜
Thank you so much for teaching me about sinking funds. I currently have over $6000 in sinking funds. From car replacement, house and car repairs, Christmas, Vacation, eye glasses, tires.
Thank you for mentioning separate savings accounts for sinking funds! Family thought I was crazy when I rejoined the workforce at a school and opened 1 checking and 2 savings. Checking to keep my pay separate from my son's social security, one savings for house down payment, and one savings to cover the summer months I don't get paid. It's been a year and worked great! I was surprised at the amount of coworkers who don't save for summer. They just work at other jobs for less pay and hope bills get paid. I'd rather live on less all year and have the summer off to do projects I can't get done during school.
Because I was motivated by you a couple years ago to plan for Christmas - when Amazon day hit this year I was able to get ALL the presents I needed since the deals were great and I had enough saved already. I hate Christmas shopping so this is AMAZING!!!
Kumiko, I'm trying to get my husband to live a life with no debt but he just doesn't have the vision. You continue to be my motivation to get out of debt.
In the past I have done the 52 week savings challenge and was quite successful I actually used that money to purchase a memorial stone for my father and my brother. What I have been doing for the past year is taking 10% of my paycheck and at the end of the month I would divide that by three and split it up between different savings goals. I'm also doing the $5 envelope which I am dedicating to getting back into a bowling league. I may at some point do the 52 week again but right now I'm happy with what I'm accomplishing.
You are amazing!! I’m so glad I found your videos… I’ve been kicked so many times.. and when I’m down.. I just watch one of your videos and gives a boost to get back on track!! Thank you for sharing your knowledge!!! Your awesome!!!
I love the visual trackers. I did a “Christmas in July” challenge this year and saved $250 in 5 weeks. So instead of having to worry later I’ll be prepared and excited.
Excited that you guys are planning to have more children. I’m sure James will be a great big brother. Thank you for sharing your future plans with us ☺️
As a newly single parent, this information has truly inspired me to get my finances together as the struggle is real and the resources you've provided offers the help that I needed - thank you!
I find myself so much more motivated by seeing my sinking funds in my envelopes. Im lucky in that my debt is all relatively low interest so I've chosen to start sinking funds instead of funneling it toward debt because Im so much more motivated to add to those. It took me 4 months to actually figure out a budget that works for me, not what I want it to be. Its so great to see the youtube budgeting community and how they use the TBM method in their lives. Has made such a big difference in my life.
Miko I missed your videos so much. I follow you on IG but it is not the same for me. Love your videos and I have created this habit of cooking and listened to your videos too. Thanks for this.
Great savings video. Please consider making more stickers in your TBM shop. I love using them on each paycheck budget tracker pages for payday in my workbook. Makes budget cute as I record my budget and actuals for that paycheck. Easier than doodling. Love stickers you sent in prior LVP and BBP workbooks!
Focussed sinking funds have saved me so much! As a result of trying to pay off debt, mine are few; Christmas, Birthdays (ongoing of course), Renter's Insurance, and Income Tax. Everything else I either have to cash flow (unlikely, lol) or do without. I am also contributing to an Emergency Fund, and hope to tie the debt and EF in a bow in 2 years. Your method and channel are a saving grace for many of us. Bless your new family Miko!
Yes! I am currently doing your Building Blocks of Budgeting course and I love your style. I’ve lost some steam after finding you at the end of last year but the course and videos like this are pumping me up to get going and crush some goals!! Thank you so much!! I’ll be sending you all the baby vibes!!
I do this too, except I keep it to 3 categories for my own sanity. 1. Household: kids' purchases, clothing, holidays, vacations, pets, furniture (things that come up that aren't reoccurring expenses) these are bigger family purchases that usually require a conversation with the hubs to make sure we're making these decisions together. 2. Maintenance: cars & home. And 3. Emergency Fund. :)
My debt was piling up and I was overwhelmed. I got a personal loan from my bank to pay all my credit cards off. I have a set monthly payment for the loan. Now I will budget what is left. I’m even going to budget for a savings. Your video was extremely helpful. Thank you.
This is amazing and so helpful. I’m struggling to get this year sorted so definitely want to start sooner for big events. My eldest has his birthday on December 21st and next year he will be 10 so want to spoil him a little more. Being a single mum in the UK with 3 children means I don’t have much spare but little and often will certainly be a huge help. Love your videos 🥰 How exciting about the wedding being so soon and about the baby 🥰 That’s one thing I wish I’d done was save more before having children xx
I have drained all of our sinking funds when I went on Maternity leave (1 yr). I am so excited to start again once I got back at work next month. I need to really focus this time coz I am starting from 0.
I went to purchase my Budget Book today, and they're out of stock until next October? Are you closing up shop? I've used your books for the last two years and I love them, and now I have to go find something else to use. Do you have any recommendations? In years past I receive an email telling me to pre-order my budget book. Did you not make any this year? I hope it comes back soon, because it's a huge help. Thanks!
That's what my dad does he has savings just for property taxes and each month they put money into it. I honestly didn't know what sinking funds were until today. I always just called it general savings. Yeah I have a cash envelope for hair cut I go every other month they only take cash easier to just make an envelope for it. Bowling money since I'm on a league. I do have one for holidays but I usually go buy a gift cards for where I plan spending my Christmas sinking fun it so I don't go over what the budget allows.
*Learn how to budget and save!* Me... Goes and buys a $75 (CAD) budgeting book with money I don't have to spend.. 😂😂😂 I'm off to a great start! Really excited about it though. 💚
Right now I have a sinking for a range, car tires and car insurance bc I pay that every six months. I have already reached my snow blower sinking fund for this winter. Whoo hoo!
My wife and I get a spending allowance every week and when that money is gone you don’t spend anymore. The rest goes to sinking funds/ emergency/groceries and debt
Can you do a video of real life shopping with your envelopes? Especially grocery shopping with a mixed cart. What do you do when you go to the store and buy food, home cleaning supplies, and toiletries when those are three separate envelopes in your budget. Maybe like a day in the life video with getting gas and grabbing lunch out as well to show using your envelopes all over.
I just sent you a instagram message! Would you ever consider doing a Live Rich planner Boxset? I love the small format of your budget boxset! But I too am a stationary budgeter! However my planner I need to take with me everywhere! So having a small booklet like that for each month would be sweet!!
This video is awesome!! I’m grateful for the financial information you’ve provided and I love the idea of a sinking funds vision board- would have never thought about that!! Also, Can you make a video on the types of pens and highlighters you use and why you like certain products over others please 🌻🌻🌻
Miko has a video on the pens and other supplies she uses, it’s called My Budget Station. You can find it under the Organize and Clean playlist on her channel. Hope this helps!
I’ve been struggling with savings for a long time every time I try to kickstart I end up needing that money for something. This very helpful and I’m hoping to begin working on saving an EF starting in September.
Hey I am watching your video fr ok m 3 years ago when she redid your kitchen to organize. I saw that you use chocolate sauce from Hershey's. I saw that you did not have it in the refrigerator. It says to refrigerate after opening. My old boyfriend's mom kept hers in the cabinet after she had opened it and it had molded. Please be careful
This year I felt off of time to get a hole on my fault of my finances this year I’m going to start doing a lot better for the upcoming year for these next six months. I’m gonna focus on trying to lower my debt lower my savings getting my savings in order. But I wanted to know when is your savings challenge coming out for next year?
I live in the UK and it's really impossible for most people to save at the moment. I don't have Netflix , gym memberships, hobbies, I don't eat out, drink or smoke and I can only save about £50 towards my car insurance a month max. I have tried to save more but it's such a squeeze with my job. Now my boyfriend has moved in and I've had to go down to part time work due to ill health. This means I have to survive off £650 a month and get no help from the government. My half of the rent alone is £275 and then there's bills and council tax. It really disheartens me when I see you can put $100 away for this and $100 for that etc because I literally have no disposable income. I'm using cash envelopes and budgeting to the bare bone but it's impossible to gain any financial stability because the UK right now is paying people so little
There are rich and poor people in the US, too. Not everyone is able to save as much but the concept is really helpful, and you can adapt it to your situation.
Thank you, Miko; ever since our family has used the sinking fund, it has really changed our budget and savings for the better. Will you have some new sinking fund developed in the new year or before?
I find myself changing up my sinking funds around more than I should. Sometimes I get down to super detail the. i switch it up and combine some. Did you find yourself doing this in the beginning? I feel like I am all over the place sometimes.
Hey there. Do you do one on ones to help with creating a budget? I am not good with money, and some months, I have more month than my money. I make an ok amount of money each month, and this has me frustrated. Please advise. Thanks. Cynthia
I never can close to the exact amount because I don't know hoe to track what I save for my sinking funds or how to track it when I do use the money from the envelope
This year has been hell for me financially started off well and by July terrible. Financially and emotionally..I'm finally back in a good head space and back working so I'm starting all over.Hopefully 2023 be better for me.
I really need to redo my sinking funds. Baby fund tip. When you know of what hospital you will use for birth, or even possible transfer from home or birthing center. Contact them and learn about what cash pay before discharge is. We were just told possibly up to $6000 for hospital (not doctor or anesthesiologist) vs if we leave and they charge insurance it would be $20,000 to $50,000. We are totally paying cash before discharge in a week or two.
Hey Miko, your website says your workbook is out of stock until Oct of 2023? So next year? Is there not going to be a new book released this year? I’m really regretting waiting to purchase if that’s the case 😅
Hey Kumiko! Congrats on the baby!! I love your channel, planner, newsletter, and resources. You have been a big part of my financial journey (for my BFF and me alike). I have the 2022 planner in PDF. I noticed the planner has a better Yearly Balance Review pages than the one that’s currently in your shop as a standalone item. I like how the one in your shop is only one page. Please let me know when you do have it available for purchase on your shop as one page with the updated graphs. Thank you for all you do! :)
I start my sinking funds over after the "event" happens instead of restarting in January. I do this to have even dollar amounts and to have cash available at all times. For example, my son's birthday is in May and I save $20 a month, every month instead of $44 for 5 months and then nothing for the rest of the year. I also don't go into the bank to get cash, I use the ATM so it is much easier to have my amounts a round number instead of trying to scrounge up $1 bills. Just like Christmas presents, you may want to buy a birthday present months in advance, so it is handy to always have some cash available in that envelope at all times. I often find things for my son's May birthday during Black Friday or Christmas and if I didn't start filling his envelope till January, I wouldn't have the cash to buy it.
Thank you for this beneficial video! You are very intelligent! I learned some good tips from this video. I will be putting my Savings challenges on a wall where I can see them. Your nails are beautiful, by the way. Love the color.
What do you do with your monthly amount after the time has come. For example, your sons birthday is in 7 months on your tracker. Once his birthday comes do you continue that amount or change it? For 2023 I have one son with a birthday in April and my other two boys are in November and December. Thank you!:)
My husband is paid weekly on Fridays. I'm paid bimonthly (15th and last day). Should we budget and stuff weekly and ignore my pay till the next Friday? Or stuff 6 times a month?
Would love to see more videos of your channel on TH-cam. I always learn something new. When will the next Workbook for 2022-2023 come out? I finish my current one with September.
Thank you for your inspiration! I tried to order the budget by paycheck workbook but it says it is not available until October 2023. What do I do until then? Do you have the sheets to download in one place. I do see free printable but not these workbook pages. I am currently reading the ebook My Money My Way. Great!!!
1. If you want a hardbound planner, she has a boxed set edition in her store (one month = one book) 2. There is a digital edition in her store for $27 that is the entire book in pdf form. 3. There is also her new Budget Building Blocks course which provides the material in an Excel/Google Sheets form.
Question: Your back to school sinking fund is to be completed in July 2022 in the example in your video. Did you continue to add to it after July or stopped for the rest of the year?
So excited for 2023!! I am stretching myself and planning a HUGE trip to the Mediterranean in Feb '24. This gives me soooo much motivation and excitement to see my next big saving become real! Thank you, MIKO!! Excited to see that BABY savings goal become useful! =D
I don't have credit card debt. But I need to really figure out how to put money aside weekly for things like you mentioned. Where are these trackers you showed? Or maybe a mini course?
I wish I’d seen this when I first started out, although I am on top of it all now. I’ve already started 2023 budget too, so I’m glad I’m not alone on that ❤️
How do you amend the tracker when you take some money out of the sinking fund? For example, if I'm saving for my pet, but I need to take him to the vet. In that case, I'll take it from the "pet" fund, but how to I represent that on a tracker?
I've also already done my savings 2023 sinking funds sheet as the end of the year is crazy with so many changes going to happen. I'm so happy to see a video on my feed!
I have watched so many people that have your budget by paycheck workbook and I really want the hard copy do you offer any great coupons or free shipping at this time we are a low one income family and want to buy if so can you link or tell me when going on sale dont care if used or discontinued . Thank you very much.
Thank you for this video, it was very helpful in giving me understanding of sinking funds and how to use them. I'm now more prepared to setting goals and start saving in 2023.
This year I became debt free I've saved a fully funded emergency fund while cash flowing everything I have my envelopes ready so I can start my sinking funds for 2023 (it's my goal) I'm currently cash flowing Christmas now so in October my money is free to start off my sinking funds for next year as I've alot of sinking funds due at the start of the year love your visual board
I started your program in March 2022 and me and my husband have saved $9000! I can’t wait to see what next year will bring for us
Well done!
Miko should start a series on TBM success stories! You should be featured!
💵
Congrats which program?
That’s amazing! Congratulations
My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money averaging about $2 million was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.
natalia I agree, my profit has been consistent regardless of the market situation, I entered the market in early 2018 and the constant downtrends and losses discouraged me so I sold, came back in December 2020, this time with the guidance of a recommended investment advisor from a well-known economist on a subreddit, long story short, it's been 2 years now and I've made over $850,000 on the guidance of my investment advisor.
@@ReidCoffman1 >I've lost a ton just hanging on so I can bounce back I really need help, so who is this investment advisor guiding you?
@@MariusNatt “Autumn Lynzi Smith” is the investment advisor that guides me, you probably might've come across her before. She's quite known in her field so make sure you look her up because it shouldn't be difficult to find her website.
@@ReidCoffman1 what did you start with? 8 million investment?
I know posting TH-cam videos is a lot of work, but I would love to see more videos, especially BBP strategies for real budgets people send in. Your methods are the most effective budget strategy I have seen yet, and I crave more knowledge!!! Thank you! 💚💙💜
Thank you so much for teaching me about sinking funds. I currently have over $6000 in sinking funds. From car replacement, house and car repairs, Christmas, Vacation, eye glasses, tires.
That's awesome!
Thank you for mentioning separate savings accounts for sinking funds! Family thought I was crazy when I rejoined the workforce at a school and opened 1 checking and 2 savings. Checking to keep my pay separate from my son's social security, one savings for house down payment, and one savings to cover the summer months I don't get paid. It's been a year and worked great! I was surprised at the amount of coworkers who don't save for summer. They just work at other jobs for less pay and hope bills get paid. I'd rather live on less all year and have the summer off to do projects I can't get done during school.
Our school board pays us over the entire year, even though we only work 10 months.
Because I was motivated by you a couple years ago to plan for Christmas - when Amazon day hit this year I was able to get ALL the presents I needed since the deals were great and I had enough saved already. I hate Christmas shopping so this is AMAZING!!!
Good job! 🙌🏻
That's awesome! 🤩
That’s such a good idea
Our bank now offers electronic envelopes in their online savings accounts. It has come in handy for categorizing sinking funds inside the account
Kumiko,
I'm trying to get my husband to live a life with no debt but he just doesn't have the vision. You continue to be my motivation to get out of debt.
Same
Same!
My hubby is the reason we have debts… all his bad decisions 🙄
@@vanessacaltabiano9775 😂😂😂😂😂
Same.. it’s very hard because we’re the complete opposite.
In the past I have done the 52 week savings challenge and was quite successful I actually used that money to purchase a memorial stone for my father and my brother. What I have been doing for the past year is taking 10% of my paycheck and at the end of the month I would divide that by three and split it up between different savings goals. I'm also doing the $5 envelope which I am dedicating to getting back into a bowling league. I may at some point do the 52 week again but right now I'm happy with what I'm accomplishing.
YAY I was just asking in an older video if you were going to do this VERY VIDEO! I never clicked on an alert so quickly in my life! LOL
LOL I saw your comment this morning! :)
You are amazing!! I’m so glad I found your videos… I’ve been kicked so many times.. and when I’m down.. I just watch one of your videos and gives a boost to get back on track!! Thank you for sharing your knowledge!!! Your awesome!!!
When does the 2023 budget planner come out?
I love the visual trackers. I did a “Christmas in July” challenge this year and saved $250 in 5 weeks. So instead of having to worry later I’ll be prepared and excited.
Excited that you guys are planning to have more children. I’m sure James will be a great big brother. Thank you for sharing your future plans with us ☺️
As a newly single parent, this information has truly inspired me to get my finances together as the struggle is real and the resources you've provided offers the help that I needed - thank you!
I'm excited, I got a little off track last 3 months, looking forward to 2023
I find myself so much more motivated by seeing my sinking funds in my envelopes. Im lucky in that my debt is all relatively low interest so I've chosen to start sinking funds instead of funneling it toward debt because Im so much more motivated to add to those.
It took me 4 months to actually figure out a budget that works for me, not what I want it to be. Its so great to see the youtube budgeting community and how they use the TBM method in their lives. Has made such a big difference in my life.
Miko I missed your videos so much. I follow you on IG but it is not the same for me. Love your videos and I have created this habit of cooking and listened to your videos too. Thanks for this.
Great savings video. Please consider making more stickers in your TBM shop. I love using them on each paycheck budget tracker pages for payday in my workbook. Makes budget cute as I record my budget and actuals for that paycheck. Easier than doodling. Love stickers you sent in prior LVP and BBP workbooks!
I apologize if you have already answered this. Are you going to be doing a 2023 savings challenge this year?
Also alternative to cash maybe use gift cards that can be replenished in the same way
Focussed sinking funds have saved me so much! As a result of trying to pay off debt, mine are few; Christmas, Birthdays (ongoing of course), Renter's Insurance, and Income Tax. Everything else I either have to cash flow (unlikely, lol) or do without. I am also contributing to an Emergency Fund, and hope to tie the debt and EF in a bow in 2 years. Your method and channel are a saving grace for many of us. Bless your new family Miko!
I’ve been trying to figure out the ring you wear around your neck and have been wondering since I started watching your channel since last year.
Yes! I am currently doing your Building Blocks of Budgeting course and I love your style. I’ve lost some steam after finding you at the end of last year but the course and videos like this are pumping me up to get going and crush some goals!! Thank you so much!!
I’ll be sending you all the baby vibes!!
Anyone else miss when she showed us doing her budget planning at the beginning of the month?
I do this too, except I keep it to 3 categories for my own sanity. 1. Household: kids' purchases, clothing, holidays, vacations, pets, furniture (things that come up that aren't reoccurring expenses) these are bigger family purchases that usually require a conversation with the hubs to make sure we're making these decisions together. 2. Maintenance: cars & home. And 3. Emergency Fund. :)
My debt was piling up and I was overwhelmed. I got a personal loan from my bank to pay all my credit cards off. I have a set monthly payment for the loan. Now I will budget what is left. I’m even going to budget for a savings. Your video was extremely helpful. Thank you.
Congratulations on your wedding
I wish you and your family lots of wealth health and happiness
Sending lots of love xx❤️❤️❤️❤️
This is amazing and so helpful. I’m struggling to get this year sorted so definitely want to start sooner for big events. My eldest has his birthday on December 21st and next year he will be 10 so want to spoil him a little more. Being a single mum in the UK with 3 children means I don’t have much spare but little and often will certainly be a huge help. Love your videos 🥰 How exciting about the wedding being so soon and about the baby 🥰 That’s one thing I wish I’d done was save more before having children xx
I have drained all of our sinking funds when I went on Maternity leave (1 yr). I am so excited to start again once I got back at work next month. I need to really focus this time coz I am starting from 0.
I went to purchase my Budget Book today, and they're out of stock until next October? Are you closing up shop? I've used your books for the last two years and I love them, and now I have to go find something else to use. Do you have any recommendations? In years past I receive an email telling me to pre-order my budget book. Did you not make any this year? I hope it comes back soon, because it's a huge help. Thanks!
Thank you - this video really answered a lot of questions I have had. Congratulations on your upcoming wedding!!!!
That's what my dad does he has savings just for property taxes and each month they put money into it. I honestly didn't know what sinking funds were until today. I always just called it general savings. Yeah I have a cash envelope for hair cut I go every other month they only take cash easier to just make an envelope for it. Bowling money since I'm on a league. I do have one for holidays but I usually go buy a gift cards for where I plan spending my Christmas sinking fun it so I don't go over what the budget allows.
*Learn how to budget and save!*
Me... Goes and buys a $75 (CAD) budgeting book with money I don't have to spend.. 😂😂😂 I'm off to a great start!
Really excited about it though. 💚
Right now I have a sinking for a range, car tires and car insurance bc I pay that every six months. I have already reached my snow blower sinking fund for this winter. Whoo hoo!
Whoooohoo! Congratulations 🎉🎉🎉
I would like to buy my budget by paycheck planner now, but there’s nothing new out there yet. Are you going to print more this year?
This was so helpful for me 🥰💜 would love to see more videos from you in future 😄
I am curious about how you plan on merging your finances after getting married...if you are. That would be great for the married folks!
My wife and I get a spending allowance every week and when that money is gone you don’t spend anymore. The rest goes to sinking funds/ emergency/groceries and debt
Thank you !
Thanks for being such a blessing!! I'm going to do this for 2023! And CONGRATS on your soon nuptials!!❤
Can you do a video of real life shopping with your envelopes? Especially grocery shopping with a mixed cart. What do you do when you go to the store and buy food, home cleaning supplies, and toiletries when those are three separate envelopes in your budget. Maybe like a day in the life video with getting gas and grabbing lunch out as well to show using your envelopes all over.
I just sent you a instagram message! Would you ever consider doing a Live Rich planner Boxset? I love the small format of your budget boxset! But I too am a stationary budgeter! However my planner I need to take with me everywhere! So having a small booklet like that for each month would be sweet!!
This is a great idea!
This video is awesome!! I’m grateful for the financial information you’ve provided and I love the idea of a sinking funds vision board- would have never thought about that!! Also, Can you make a video on the types of pens and highlighters you use and why you like certain products over others please 🌻🌻🌻
Miko has a video on the pens and other supplies she uses, it’s called My Budget Station. You can find it under the Organize and Clean playlist on her channel. Hope this helps!
It happens to me.. I owe credit card from Last Christmas 😔
I’ve been struggling with savings for a long time every time I try to kickstart I end up needing that money for something. This very helpful and I’m hoping to begin working on saving an EF starting in September.
Amazing video - I’ve been budgeting for almost a year now but always get motivated again listening to you 🙌
This really motivates me to get my savings goals in mind for the coming year! Thank you Miko ♥️
So your Costco fund is more of a cash envelope than a sinking fund right?
Omg, I'm so glad I stumbled across your channel. I've seen so many of these videos and yours made the most sense for me. Thank you! 😊
When will the 2023 Budget planner come out?
Hey I am watching your video fr ok m 3 years ago when she redid your kitchen to organize. I saw that you use chocolate sauce from Hershey's. I saw that you did not have it in the refrigerator. It says to refrigerate after opening. My old boyfriend's mom kept hers in the cabinet after she had opened it and it had molded. Please be careful
I’ve recently started a pets sinking fund and I’m keeping that online. Now I’m really focusing on having different savings so I can reach my goals.
Hi Budget Mom, are you going to bring back your BBP workbooks? I went to buy one online and there are none available.
This year I felt off of time to get a hole on my fault of my finances this year I’m going to start doing a lot better for the upcoming year for these next six months. I’m gonna focus on trying to lower my debt lower my savings getting my savings in order. But I wanted to know when is your savings challenge coming out for next year?
Yay! Baby plans! So fun to watch your journey. I was watching before your move to this house!
Do you still use a credit card though just for the points. Then pull out cash from whatever category it may be. Then pay the card?
I live in the UK and it's really impossible for most people to save at the moment. I don't have Netflix , gym memberships, hobbies, I don't eat out, drink or smoke and I can only save about £50 towards my car insurance a month max. I have tried to save more but it's such a squeeze with my job. Now my boyfriend has moved in and I've had to go down to part time work due to ill health. This means I have to survive off £650 a month and get no help from the government. My half of the rent alone is £275 and then there's bills and council tax. It really disheartens me when I see you can put $100 away for this and $100 for that etc because I literally have no disposable income. I'm using cash envelopes and budgeting to the bare bone but it's impossible to gain any financial stability because the UK right now is paying people so little
There are rich and poor people in the US, too. Not everyone is able to save as much but the concept is really helpful, and you can adapt it to your situation.
Thank you, Miko; ever since our family has used the sinking fund, it has really changed our budget and savings for the better. Will you have some new sinking fund developed in the new year or before?
AHHHHHH BABY!!!!!!!!!!!!!
Do you have all those savings accounts or do you have savings buckets just wondering ?
I like to use capital one savings accounts so I also gain interest on my sinking funds.
I find myself changing up my sinking funds around more than I should. Sometimes I get down to super detail the. i switch it up and combine some. Did you find yourself doing this in the beginning? I feel like I am all over the place sometimes.
2000 on Xmas r u nuts?
Great tips love your style of budgeting
I found you late... Great channel. I wille spend next weeks cathing up yours videos
I’m going on year 3 and saved a lot the savings challenges are my obsession when it comes to variable spending
Hey there. Do you do one on ones to help with creating a budget? I am not good with money, and some months, I have more month than my money. I make an ok amount of money each month, and this has me frustrated. Please advise. Thanks. Cynthia
Are you doing the savings challenges for 2023? I can't seem to find anything.
will you have the 2023 savings Challenge again? I loves the 2022!
Always good content.
Thank you!
Is your Sunflower 🌻 planner still available for 2023?
I never can close to the exact amount because I don't know hoe to track what I save for my sinking funds or how to track it when I do use the money from the envelope
Where do I find this sinking funds page? Is it in the planner or a separate printable sheet in her shop? I can’t seem to find it anywhere.
I notice there's no change🪙🪙 in the envelopes. Does everything get rounded and what do u do with the change ?
Do you throughout the year for Christm
As items go on sale.
This year has been hell for me financially started off well and by July terrible. Financially and emotionally..I'm finally back in a good head space and back working so I'm starting all over.Hopefully 2023 be better for me.
Is there a 2023 savings challenge bundle?
I'm curious why you would need 1k for chickens?
I really need to redo my sinking funds.
Baby fund tip. When you know of what hospital you will use for birth, or even possible transfer from home or birthing center. Contact them and learn about what cash pay before discharge is. We were just told possibly up to $6000 for hospital (not doctor or anesthesiologist) vs if we leave and they charge insurance it would be $20,000 to $50,000. We are totally paying cash before discharge in a week or two.
Hey Miko, your website says your workbook is out of stock until Oct of 2023? So next year? Is there not going to be a new book released this year? I’m really regretting waiting to purchase if that’s the case 😅
Hey Kumiko! Congrats on the baby!! I love your channel, planner, newsletter, and resources. You have been a big part of my financial journey (for my BFF and me alike). I have the 2022 planner in PDF. I noticed the planner has a better Yearly Balance Review pages than the one that’s currently in your shop as a standalone item. I like how the one in your shop is only one page. Please let me know when you do have it available for purchase on your shop as one page with the updated graphs. Thank you for all you do! :)
I start my sinking funds over after the "event" happens instead of restarting in January. I do this to have even dollar amounts and to have cash available at all times. For example, my son's birthday is in May and I save $20 a month, every month instead of $44 for 5 months and then nothing for the rest of the year. I also don't go into the bank to get cash, I use the ATM so it is much easier to have my amounts a round number instead of trying to scrounge up $1 bills. Just like Christmas presents, you may want to buy a birthday present months in advance, so it is handy to always have some cash available in that envelope at all times. I often find things for my son's May birthday during Black Friday or Christmas and if I didn't start filling his envelope till January, I wouldn't have the cash to buy it.
Thank you for this beneficial video! You are very intelligent! I learned some good tips from this video. I will be putting my Savings challenges on a wall where I can see them.
Your nails are beautiful, by the way. Love the color.
What do you do with your monthly amount after the time has come. For example, your sons birthday is in 7 months on your tracker. Once his birthday comes do you continue that amount or change it? For 2023 I have one son with a birthday in April and my other two boys are in November and December. Thank you!:)
My husband is paid weekly on Fridays. I'm paid bimonthly (15th and last day). Should we budget and stuff weekly and ignore my pay till the next Friday? Or stuff 6 times a month?
Would love to see more videos of your channel on TH-cam. I always learn something new. When will the next Workbook for 2022-2023 come out? I finish my current one with September.
Thank you for your inspiration! I tried to order the budget by paycheck workbook but it says it is not available until October 2023. What do I do until then? Do you have the sheets to download in one place. I do see free printable but not these workbook pages. I am currently reading the ebook My Money My Way. Great!!!
1. If you want a hardbound planner, she has a boxed set edition in her store (one month = one book)
2. There is a digital edition in her store for $27 that is the entire book in pdf form.
3. There is also her new Budget Building Blocks course which provides the material in an Excel/Google Sheets form.
Thank you Andrea!
Question: Your back to school sinking fund is to be completed in July 2022 in the example in your video. Did you continue to add to it after July or stopped for the rest of the year?
I love your videos, obviously we are. Free to do whatever we want! With that being said. Plz never tattoo your chest. Everywhere else is perfect ms 😅
So excited for 2023!! I am stretching myself and planning a HUGE trip to the Mediterranean in Feb '24. This gives me soooo much motivation and excitement to see my next big saving become real! Thank you, MIKO!! Excited to see that BABY savings goal become useful! =D
Great video! And wow! $3k for Toby! I only budget like $500 for my dog for the whole year. Am I missing something?
I don't have credit card debt. But I need to really figure out how to put money aside weekly for things like you mentioned. Where are these trackers you showed? Or maybe a mini course?
I wish I’d seen this when I first started out, although I am on top of it all now. I’ve already started 2023 budget too, so I’m glad I’m not alone on that ❤️
awesome tips! thanks for the motivation, Kumiko!
How do you amend the tracker when you take some money out of the sinking fund? For example, if I'm saving for my pet, but I need to take him to the vet. In that case, I'll take it from the "pet" fund, but how to I represent that on a tracker?
I've also already done my savings 2023 sinking funds sheet as the end of the year is crazy with so many changes going to happen. I'm so happy to see a video on my feed!
I have watched so many people that have your budget by paycheck workbook and I really want the hard copy do you offer any great coupons or free shipping at this time we are a low one income family and want to buy if so can you link or tell me when going on sale dont care if used or discontinued . Thank you very much.
Thank you for this video, it was very helpful in giving me understanding of sinking funds and how to use them. I'm now more prepared to setting goals and start saving in 2023.
This year I became debt free I've saved a fully funded emergency fund while cash flowing everything I have my envelopes ready so I can start my sinking funds for 2023 (it's my goal) I'm currently cash flowing Christmas now so in October my money is free to start off my sinking funds for next year as I've alot of sinking funds due at the start of the year love your visual board
WAIT. 😳 “BABY” ?!?!!!! 😮🤭😬Eep!
I hope it’s a Jamesina!!! 🎀💗🥹🤞🏻
I am already planning for 2023, so I am the same way. My husband thinks I am nuts but I'm ok with it. I am planning ahead.