I had saved £2000 in my emergency fund and had an emergency which cost around that amount. As gutted as I was to part with the money I was so thankful it wasn't 2k on a credit card!
It's so useful to hear about these real situations. I agree $1000 isn't enough for a savings buffer-I learned that the hard way but am brushing myself off and trying again!
I had just made a debt tracker to pay off a loan by the end of 2023. But now after watching this I realize, I should just use savings to pay it off. Thanks for the advice 😁
Love the real life budgets!! They help me figure out and manage my own tight budget. Just knowing a lot of us are in the same boat - we can get through this together! ✨🙏🏼
I was just thinking this morning that I wanted to watch one of these, but I felt like none of them super related to my situation. Finally it does! Thank you for all your work, I use the Budget by Paycheck method every paycheck
Miko, this could not have come at a better time. Bless you and Britney for it! I have been following BBP for over 5 years. At the end of every calendar year I re-evaluate your 9 steps. The low rates on my investments and the high rate of interest on my debt had me consider cashing in some of my investments when they come due early February. I’m retired with both a work and government pension. Those investments are not serving me at this time, and therefore I will cash (less than half) and pay off my high interest debts. This video confirmed in my heart that it is the right thing to do! I redrafted my March budget, and will direct the bank to put my EF fund automatic transfer to the principle on the remaining low interest loan. My EF will be at $5K by that time. Again, thank you for this very timely video 🥰
Thank you for all you do I purchased your paycheck workbooks this year. I am a senior now at 66 years old and I want to pay off my car loan of $33,000.00 and debt loan of 6800.00 from Affinity Credit Union. But you would be proud of me Milo because I switch to a Credit Union Bank. Which was the best thing I did for myself. True fact MY Bank America car payment went from $596.00 to $488.00. Wells Fargo Debt Loan went from $333.00 to $155.00. Just by going to a Federal Credit Union. Just by that one word you used in YOUR video
Yes! I had to call my emergency fund, my. “Oh 💩 fund” because I never experienced things I could call an emergency. I just found myself saying 💩 when things would happen unexpectedly
This hit very close to home! We decided together that we need to pay off our credit card instead of having a month ahead for our bills in cash. It felt good to have that cash on hand, but after seeing how much was added to our balance after interest, it made us sick! We still have a month to save for next months bills, but now it feels better to have a lower balance on our card! Win, win!
Nice to see someone in a similar life situation as me! I opened a cc and got carried away with it in just a few months, so I've removed it from my online accounts as I work to pay it off as quickly as possible (before that enticing 0% interest period ends).
Can you do a budget for someone without debt? I do not have any debt but I don't know how to invest well and I don't know what to do when it comes to high yield savings accounts. There are so many budget videos out there for getting out of debt. But it's kind of hard to know what to do with your money when you don't have debt. Everyone tells you to invest but on one gives you practical ways or places to start
A book that really helped me get started with investing was A Simple Path to Wealth by J.L. Collins. It explains retirement investment accounts for the US and regular brokerage accounts and how to pick investments for those accounts. I really liked it.
This is great and really relatable to my situation as far as weekly paychecks and some credit card debt. I struggle with seeing my savings dollars be low or $0, but the same about credit card spending. I am in the green, but still feel the need to have that security of using a credit card...
Love your videos! Just found you about 2 weeks ago. I have been trying to access the resource library but it doesn't appear to be working. Is there another way to access? Thank you so much!!
I absolutely love miko and everything she does. I really am interested in seeing what she would say about my situation. I get paid daily. How do I submit my information so she could potentially look at and help me make a budget
She needs to take those credit cards and do a transfer to 1 card. Credit card companies are always offering no interest transfers sometimes for up to a year. Sometimes existing cards with let you do no interest balance transfers. She should take advantage of that She’s paying $380 every month to several cards all with high interest. I did this in 08 when we had a few cards and it never felt like we made any progress. I opened up a new card and did a balance transfer on all 3, paid no interest for 1 year, paid $500 each month to pay it all in 1 year so I didn’t have to pay any interest
I love how you showed she doesn’t need to live off credit cards. She would only need to use credit cards if she’s continuing to overspend. Also I wonder if she has a roommate or is open to one. (Or did I miss that?)
I Loved IT to See you laughing the First time Here so badly 😄❤️so lovly and really shows how much acknowledge you gathered . That Smile was a surprise for me ...Loved IT 😄❤️
Did the math and there’s actually 335 left on that credit card 3. Could take that 450 for adoption and use that to finish that CC and start on the second one.
She's a lucky pay rated person .. I am glad you could help her get out of debt with eye opening realistic spending habits. I'm tattooed a lot too but I definitely make sure I got rid of my car payments and pay out my Electric as much as I can.
Hi budget mom. Please reconsider bringing back your budget by paycheck workbook in printed form. I missed out last year and was excited to hopefully get one this year only to find out you no longer have it. Please please reconsider. So many people would be happy to have it back. We are forced to purchase planners elsewhere as lots of us don't have printers easily available
I was on a good path until I joined a new company that is on the rim to bankrupt (obviously I didn't know that when hiring). Now I fear that my last pay won't come in so I had to apply for a consumer loan. No money there to bridge the gap if it was to come. Praying my salar will com Monday or Tuesday and I can move on.
So..... 2023 as many people will soon realized, the credit card companies have increased interest rates. I have 3 credit cards that are all now at 32% interest rates. How on earth does one get ahead of this when on a strict budget.. ???
You could swap to a 0% interest card or consolidate to a personal loan on a fixed rate as possible options. Otherwise side hustles etc to pay it off as quickly as possible
When you mention the vacation and her reaching her goal, does that mean she already paid it off and then saving the amount she paid on the vacation or are you meaning she didn't pay for the vacation and once she saves enough she can pay for the vacation?
The latter. Vacation was in savings, not debt, meaning she has cash sitting in a savings account. Reaching her goal means she has saved the entire amount planned and has the cash ready for when she actually books the vacation.
Miko you always say that you can pay off debt and save for your future and you’ve put nothing into her savings. I also don’t agree with increasing her emergency fund based on your comfort level. If she’s comfortable with $1000 then leave it there. I’d have put the extra from the tattoo into finishing her holiday fund, a Christmas fund and the rest to debt
Her cc debt interest rates are insane, it would make no sense putting more into savings when she has a good sized emergency fund. The interest she generates every month would be eating into those “savings”
I love watching your videos and I’m already doing a good budget and would like to take it to a new level. Please message me and maybe you can do a real life budget for myself.
I had saved £2000 in my emergency fund and had an emergency which cost around that amount. As gutted as I was to part with the money I was so thankful it wasn't 2k on a credit card!
It's so useful to hear about these real situations. I agree $1000 isn't enough for a savings buffer-I learned that the hard way but am brushing myself off and trying again!
Same. I think $3000 is a decent baseline in today’s economy.
I had just made a debt tracker to pay off a loan by the end of 2023. But now after watching this I realize, I should just use savings to pay it off. Thanks for the advice 😁
Love the real life budgets!! They help me figure out and manage my own tight budget. Just knowing a lot of us are in the same boat - we can get through this together! ✨🙏🏼
These are my favourite
I am so glad you love them!
I was just thinking this morning that I wanted to watch one of these, but I felt like none of them super related to my situation. Finally it does! Thank you for all your work, I use the Budget by Paycheck method every paycheck
Finally another Real Life Budget!! I love this!! Helps me out so much with my own budgeting
so good, kumiko! love this series
These are some of my favorite videos. So interesting to see different unique solutions for unique situations.
Miko, this could not have come at a better time. Bless you and Britney for it! I have been following BBP for over 5 years. At the end of every calendar year I re-evaluate your 9 steps. The low rates on my investments and the high rate of interest on my debt had me consider cashing in some of my investments when they come due early February. I’m retired with both a work and government pension. Those investments are not serving me at this time, and therefore I will cash (less than half) and pay off my high interest debts. This video confirmed in my heart that it is the right thing to do!
I redrafted my March budget, and will direct the bank to put my EF fund automatic transfer to the principle on the remaining low interest loan. My EF will be at $5K by that time.
Again, thank you for this very timely video 🥰
I love this real life budget series! More of that please!
Thank you for all you do I purchased your paycheck workbooks this year. I am a senior now at 66 years old and I want to pay off my car loan of $33,000.00 and debt loan of 6800.00 from Affinity Credit Union. But you would be proud of me Milo because I switch to a Credit Union Bank. Which was the best thing I did for myself. True fact MY Bank America car payment went from $596.00 to $488.00. Wells Fargo Debt Loan went from $333.00 to $155.00. Just by going to a Federal Credit Union. Just by that one word you used in YOUR video
Than you! You made my Day! Be well!
I look forward to seeing these real life budget from you Miko
Yes! I had to call my emergency fund, my. “Oh 💩 fund” because I never experienced things I could call an emergency. I just found myself saying 💩 when things would happen unexpectedly
This hit very close to home! We decided together that we need to pay off our credit card instead of having a month ahead for our bills in cash. It felt good to have that cash on hand, but after seeing how much was added to our balance after interest, it made us sick! We still have a month to save for next months bills, but now it feels better to have a lower balance on our card! Win, win!
Nice to see someone in a similar life situation as me! I opened a cc and got carried away with it in just a few months, so I've removed it from my online accounts as I work to pay it off as quickly as possible (before that enticing 0% interest period ends).
Can you do a budget for someone without debt? I do not have any debt but I don't know how to invest well and I don't know what to do when it comes to high yield savings accounts. There are so many budget videos out there for getting out of debt. But it's kind of hard to know what to do with your money when you don't have debt. Everyone tells you to invest but on one gives you practical ways or places to start
A book that really helped me get started with investing was A Simple Path to Wealth by J.L. Collins. It explains retirement investment accounts for the US and regular brokerage accounts and how to pick investments for those accounts. I really liked it.
@@cassidymartin2491 thank you, that sounds great. I was just looking for a book to read in January
You can also look at the Budget Girl channel. She's been out of debt for a few years and has detailed her saving/investing/splurging
This is great and really relatable to my situation as far as weekly paychecks and some credit card debt. I struggle with seeing my savings dollars be low or $0, but the same about credit card spending. I am in the green, but still feel the need to have that security of using a credit card...
Love it, I learn so much from Real life budgets 💞
Awesome break down, it helps to get a different perspective.
I would pay the $500 first and then your number one. Great analysis.
Agree! Was looking for this comment...
Same...I would pay 500 with the tattoo money and put rest in emergency fund
Love your videos! Just found you about 2 weeks ago. I have been trying to access the resource library but it doesn't appear to be working. Is there another way to access? Thank you so much!!
Great video 💜💙💜💙💜happy new year 🎊
I absolutely love miko and everything she does. I really am interested in seeing what she would say about my situation. I get paid daily. How do I submit my information so she could potentially look at and help me make a budget
She needs to take those credit cards and do a transfer to 1 card. Credit card companies are always offering no interest transfers sometimes for up to a year. Sometimes existing cards with let you do no interest balance transfers. She should take advantage of that
She’s paying $380 every month to several cards all with high interest.
I did this in 08 when we had a few cards and it never felt like we made any progress. I opened up a new card and did a balance transfer on all 3, paid no interest for 1 year, paid $500 each month to pay it all in 1 year so I didn’t have to pay any interest
Nice idea
Real life budgets are awesome!
Glad you're back from a break. 📚 Time to get busy!
I love how you showed she doesn’t need to live off credit cards. She would only need to use credit cards if she’s continuing to overspend. Also I wonder if she has a roommate or is open to one. (Or did I miss that?)
I would imagine that she already has a roommate if her rent is only around $1,000 a month living in Portland.
🎉🎉🎉❤❤Good evening Happy New Year’s too you and your family and Happy New Year’s everyone here thank you for sharing blessings blessings 🎉❤❤❤❤
Thank you for posting. Happy new year 🎊
I Loved IT to See you laughing the First time Here so badly 😄❤️so lovly and really shows how much acknowledge you gathered . That Smile was a surprise for me ...Loved IT 😄❤️
Goal is to have $1,000 for emergencies but $3,000 for tattoos. To be young again…
What r u talking about?
😬😳
@@imanjones3807😂
He means her priorities are screwed. No common sense! Tattoos are not important!!!
Loved starting the year with new content. Happy New Year everyone!!
My plans are to pay off an unexpected dental bill and then tackle and get rid of a CC!
Happy new year 🎉
How do we submit to have our budget looked at by Miko? I would really love to do it
Check description box for her email id and mail her your details
LOVE IT!! 🧡🧡🧡
Did the math and there’s actually 335 left on that credit card 3. Could take that 450 for adoption and use that to finish that CC and start on the second one.
Hi Miko, nice video for single person like me. Thanks! By the way. What the link for the purchase for budget calendar?
She's a lucky pay rated person .. I am glad you could help her get out of debt with eye opening realistic spending habits. I'm tattooed a lot too but I definitely make sure I got rid of my car payments and pay out my Electric as much as I can.
I'm just getting started doing a budget where do I begin? Do you have a beginner tutorial
Miko is the best!
Can please do a video about credit an loans please
Hi budget mom. Please reconsider bringing back your budget by paycheck workbook in printed form. I missed out last year and was excited to hopefully get one this year only to find out you no longer have it. Please please reconsider. So many people would be happy to have it back. We are forced to purchase planners elsewhere as lots of us don't have printers easily available
How can you submit for a real life budget?
The Purple Highlighter looks fairly blue on my devices
Really enjoy these videos!
I was on a good path until I joined a new company that is on the rim to bankrupt (obviously I didn't know that when hiring). Now I fear that my last pay won't come in so I had to apply for a consumer loan.
No money there to bridge the gap if it was to come. Praying my salar will com Monday or Tuesday and I can move on.
So..... 2023 as many people will soon realized, the credit card companies have increased interest rates. I have 3 credit cards that are all now at 32% interest rates. How on earth does one get ahead of this when on a strict budget.. ???
You could swap to a 0% interest card or consolidate to a personal loan on a fixed rate as possible options. Otherwise side hustles etc to pay it off as quickly as possible
Great video. I love the real life budgets so much please do more
When you mention the vacation and her reaching her goal, does that mean she already paid it off and then saving the amount she paid on the vacation or are you meaning she didn't pay for the vacation and once she saves enough she can pay for the vacation?
The latter. Vacation was in savings, not debt, meaning she has cash sitting in a savings account. Reaching her goal means she has saved the entire amount planned and has the cash ready for when she actually books the vacation.
Gosh I love these videos. They give me such a confidence boost about my finances cause all these people's finances are a nightmare by comparison 😅
Kumiko will you be offering the printed budget by paycheck workbook?
You need to make more videos
What does PNW mean? It was in the thumbnail.
Pacific Northwest
I did not see anything about paying minimum on the other debts during that month appears all O/S dollars went to Citi3
Where can I find the fixed expenses page for purchase or print out?
How do I submit my paper to u
She should call the credit card companies and ask for a lower rate as well.
Do they agree ?
Miko you always say that you can pay off debt and save for your future and you’ve put nothing into her savings.
I also don’t agree with increasing her emergency fund based on your comfort level. If she’s comfortable with $1000 then leave it there. I’d have put the extra from the tattoo into finishing her holiday fund, a Christmas fund and the rest to debt
Her cc debt interest rates are insane, it would make no sense putting more into savings when she has a good sized emergency fund. The interest she generates every month would be eating into those “savings”
What happened to the bloopers????
Is her student loan $5100 or $51000 ?
how can i apply for you to do my budget? 😢
I’d love to see how you’d do a single waitress making $2.63/hr with massive debt who is behind on their bills.
She moved to Portland OR on purpose???? 😣
What information do I need to send to hopefully become a Real Life Budget video
1. Why and personal story
2. Income details and payday
3. Bills and spendings
4. Variable expenses
5. Debt details
6. Savings Goals
7.
I love watching your videos and I’m already doing a good budget and would like to take it to a new level. Please message me and maybe you can do a real life budget for myself.