Even better, hubby stays home during the day and picks up evening shifts and weekend shifts somewhere to bring in a grand or two a month to chuck at debt. We did it for years

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

@Xxbubbly10

2 жыл бұрын

👏

@Xxbubbly10

2 жыл бұрын

I’m so happy I’ve only had one credit card and it’s only 2500

@musaafirah

2 жыл бұрын

​@@kalyns4855 I had a Chewy bill that high for one dog because she needed prescription hypoallergenic food and a prebiotic (or she had A LOT of issues), tried to cut them or switch a bunch of times but it was the only thing that prevented the issues so the one thing I can say for that is that there may be a legit reason it has to be that high.

@private9013

2 жыл бұрын

I agree 💯! He needs to get a night job when wife comes home.

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Reynold Felicia

@philipgrey-rl8do

Күн бұрын

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

@DwanyneWills

Күн бұрын

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.

@annaton-oq9jj

Күн бұрын

Isn't that the same Reynold Felicia that my neighbors are talking about, she has to be a perfect expert for people to talk about her so well.

@AndersonHood-qe5ps

Күн бұрын

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

@mariaowen-ds9cm

Күн бұрын

SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME

My husband and I could not afford childcare so we worked opposite shifts until the kids were in school. It was hard but we learned to appreciate the time we did get to spend together so much more. Good luck T, you can do this!

@jenpisano5954

2 жыл бұрын

We did the same- for YEARS- Now my kids are older and we can all be on the same schedule- it was hard, but it’s all we could do- and it WORKED for us. Made us appreciate our time together - especially now- even more.

@jenpisano5954

2 жыл бұрын

PLUS he stayed home for about 3 years- THATS the ONLY WAY we could do it- we couldn’t afford daycare for two babies. We just had to Pinch it for a while- things will get better, once they get ahold of spending and get out of debt. It’s definitely a LIFESTYLE CHANGE- BUT WELL WORTH IT!

@anonymouse9833

Жыл бұрын

I wish we could do this. There's no possible way in our present, but we're working toward it for the future

@jeannehunter5344

Жыл бұрын

Going from the Hallmark card we-deserve-this-lifestyle to one of sacrifice, even temporarily, will require a mature mindset.

The elephant in the room: he's a manager bringing home less than $3k a month. He doesn't seem to need to stay home, he needs a new job. Not to place judgement, but between the huge difference in income and the fact that he has resigned to always having debt, I think there are some other dynamics at play here.

@miriam5714

2 жыл бұрын

This. I doubt their situation will change. The husdband will not leave his job to stay home

@rachelannelopez805

2 жыл бұрын

Agree. And the numbers aren’t the only factor in whether dad should stay home. That could be a mistake- he may not be good at being a stay at home dad and also may never want to go back to work. Maybe sell one of the cars, cancel the housekeeper, get rid of storage bill. Don’t stop saving for college.

@sagewert2174

2 жыл бұрын

I agree that he needs a new job, hes making 3k a month but spent 100k on school, hes never going to be able to pay that off with this current job

@AnnaLauraBrownHealthCoach

2 жыл бұрын

yep. and these days he can probably find a remote/work from home job that pays at least that is not more.

@rachelgilbert3164

2 жыл бұрын

So many “money” issues often have underlying causes coming from emotional pain or insecurity. I love that Miko and this community are not judgmental, because we’re all in this together!

Many of us start out living outside of our financial means. We all deserve more. But…the reality is not all of us can afford what we deserve. We must be good to ourselves in a different financially responsible way.

@lydiah7184

2 жыл бұрын

I needed to hear this, thank you ❤️

@Kelly-oe8kr

2 жыл бұрын

Many of us can't afford what should be considered basic human rights (affordable housing, clothing, medical care, food). It's sad that we live in an economy not a society

@dianethompson6804

Жыл бұрын

I went to a financial planning seminar and the presenter said we should all live up to no more than 85% of our income. She said that way if someone loses their job, you are already used to living on less, so you will be fine until another job is found.

T - I hope you read this because I know when Miko did my Real Life Budget - I read every single comment. The part for me was the initial shock and realization that I needed to do what needed to be done. It wasn't that I didn't understand it was just hard hearing it from someone else. Look at your internet and see what shopping around can do for you. Make certain that you and your husband have an honest conversation and get on the same plan. I was taught the same thing about money "you will always have debt." No, you don't always have to have debt. It most likely seems and feels overwhelming but you can do this! It gets easier each month.

@LornaKBailey

2 жыл бұрын

This is awesome. Way to go! Keep inspiring others.

@TheSldrwfe

2 жыл бұрын

I used to say that debt will always be a part of our life, too. I’ve been clawing at it for years. Working on mortgage and retirement.

@Budgetmeright

2 жыл бұрын

this is awesome! I m so glad you did this! keep up the good work!I also used to think that I will always have debt! But I am debt free for 4 years now. have a great day! thanks for sharing this!

@alwaysemilia

2 жыл бұрын

How are things going for you now? Would love to hear how you’re doing after the real life budget convo 😊

@holli88

Жыл бұрын

Over here literally in tears. Got barely any money in the bank and just had my car towed to a mechanic and can't go to work until it's fixed.

Please let us know how they get on! My dad stayed at home 40 yrs ago to look after me when my mum made worked and it was not trendy! I loved that and made me & my dad super close he did a fab job! No shame in that game! Even 40 yrs ago xx💜

Went and pulled our credit cards out of our wallets while watching this. We don’t have this much debt, but I have been watching our balance grow while also paying off a debt consolidation loan… thank you for the wake up call before I’m in too deep!! Essentials only & turning to savings for emergencies for the next few months until we’re paid back down!

@alwaysemilia

2 жыл бұрын

Good for you!! It sucks for a bit but I have also felt so liberated in sticking to my budget.

@LorialRoballo

Жыл бұрын

I did the same thing!! 😂

They are using special savings accounts that force you to keep that money in the account until you need it. For Christmas it is generally called a Christmas Club account. I whole heartedly agree that they shouldn’t keep money tied up when they don’t have access to emergency funds. Hope we can get an update on this family. This is relatable to so many people.

I think the best decision my husband and I made was for me to stay home when we started our family. It saved us SO much money not having to pay for childcare and because I was able to prepare our meals and make lunches for him to take to work.

My husband and I did the same thing when our boys were small- our daycare bill was too high- he stayed home saving daycare costs, gas , car repairs, and money spent on eating out for lunch. I would do overtime at work and it worked out for us. A lot of people had stuff to say about it- but I would tell them YOU DONT LIVE MY LIFE- YOU DONT PAY MY BILLS- WE DO WHAT WORKS FOR US- and it DID- WORK FOR US! 🥰🥰 I just wish we would’ve been taught HOW to manage the money we saved back then 😂. We’re learning now so that’s all that matters! THANK YOU KUMIKO FOR THE WORK YOU DO AND TEACHING US HOW TO DEAL WOTH OUR DEBT!

Wow. I feel for the wife who seems to be trying. I cannot imagine the weight of this on their family. I hope they take your advice and keep working hard at it!

I don't know what the area is like where they live but I wonder if they could sell the condo and find a place to live where they didn't have to pay for parking, fees, laundry, etc. That's just insane. I think even renting a house would be better. Even though rent is high, I feel like it would be half of that. Again, not sure of the area, cost of living, real estate values, but I would look into it. Wishing them the best. It was brave of her to share this.

@emmyorzi9488

2 жыл бұрын

It's one of the most expensive areas in the country... so they are lucky to have such a low mortgage. Good luck getting a 2 bedroom rental for that price in Westchester, NY!!

@BethAnnesBest

2 жыл бұрын

I thought this too but with the way rent and housing is right now that might be doable.

@amandabeachum188

2 жыл бұрын

@@emmyorzi9488 Ugh. I'm not familiar with area. I wonder what a commute would look like or if it would save money, even with the price of gas? A decade or so again we lived an hour away from where my husband worked because of the difference in cost of living. What we saved on housing and taxes was significant but the gas expenses were high, and they were nowhere near what they are now.

@TheRonskins

2 жыл бұрын

I know that area VERY WELL...I used to live in Stamford, Connecticut for 15 years and worked in Mount Vernon (NY), Dobbs Ferry (NY) , Greensburg (NY), Rye (NY), Purchase (NY), and White Plains (NY). I'm a Librarian and worked in the public or university libraries in those cities and towns. It's very expensive to live in these areas within Westchester County, especially with housing.

I would love an update on this family. I hope they can figure it out. You had great suggestions. Fingers crossed for them.

@brroookkeee

2 жыл бұрын

Miko, all of your comments have spam comments! I reported some of them but it looks like they’re not going away

@alisawoods4180

Жыл бұрын

HI GOOD MORNING TO YOU HOW IS TEE DOING? YOU ARE SO GOOD AT BUILDING FINANCIAL FREEDOM CAN THEY MOVE TO A CHEAPER PLACE TO LIVE? HUSBAND CAN GET A JOB AT NIGHTS AND WEEKENDS AND GO ON A DIET FOR 6 MONTHS GO AROUND THE HOUSE AND GET RID OF EXCESS STUFF GARAGE SALE ITEMS GO GAZILLION WITH YOU AND DAVE RAMSEY CLEANING THIS ENTIRE BUDGET UP!

Miko you are my number one inspiration. I still remember watching the first video of you while you were paying off debt and I was in debt too. never thought I will be debt free someday. Followed your journey, found out about the envelope system and two years later I was finally (for the first time in my adult life) debt free! It's been two more years and still following your method. Your free library is gold! Still use the free printable envelope for my emergency fund! I can't thank you enough! You changed my life! I will forever follow you, read your emails and be inspired by your journey. 💜💜💜

My mom and dad had debt growing up. I remember my mom said at one point only ONE PENNY was going to her principle. She said at that moment she had had enough. I remember just how tight our lives became, but it was for the best for a short time and I was as so proud to see my parents finally become debt free!

I love these strategy/problem solving skills covered in these real life budget videos. I wish they were uploaded more frequently! It helps people know that they are not alone with their budget struggles. Thank you Miko! 🙂

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

I have learned a lot from these real life budget videos. It gives me the momentum to keep going with budgeting and to always figure out ways to cut back. I got a second job back in Feburary and it has helped a lot. I do get to points where I get burned out, but I know that I want to get rid of the debt. It freaks me out that I didn't listen to my parents about credit cards when I was 18. I thought that I knew it all and ended up getting myself into this mess. It's much harder to get out of debt than it does getting into debt. I have learned from these is that pay in cash and to have sinking funds so that I don't go back into debt for things that I could avoid.

👊 This was brilliant and props to ‘T’ for reaching out - her story will undoubtedly help others!

I would have the husband stay home and take care of the children and clean the house. He brings home $1236 and they spend $3550 on preschool and daycare. I'd also get rid of one of the cars, the house cleaner, cut the cable, and finder cheaper cell phone plans.

@thepoormansguidetothegalax3981

2 жыл бұрын

Or get cars that are more economical for them.

@amandamalone2688

2 жыл бұрын

Facts

@adrianspangler

2 жыл бұрын

💯 hid the nail on the head there! Great advice.

@Budgetmeright

2 жыл бұрын

omg you are so right!

I love this. You are right. I know someone who has three children and keeps living outside their means. I warned her that she and her husband have to think about how a decision they make will impact them financially. She of course didn’t listen and now she has to work part time in order to try to help pay for things. She was a stay at home mom.

My husband stayed home for a while to help save on daycare. It helped out financially. Then we switched when I had the boys. Might I say that is some expensive childcare. I pray you all reach your goal! ❤️

What a blessing it is when debt can bring a parent home to raise they're own children. More often than not parents are taken out of the home due to debt.

I found this scenario to be one of the most interesting. And I love the problem solving we get to see. Such important skills for people to be able to learn.

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

A couple more ideas in addition to what you've said- husband could work off hours from the wife so he wouldn't have to completely quit but could still eliminate childcare. And a huge one... sell the dang condo. Possibly walk away w enough in equity depending on housing markey to pay off the 2 credit cards... rent a 2 bedroom house for $1600 per mo or less, the kids share a room, make sure it has washer and dryer to eliminate the laundromat fee, completely eliminate the 1700 condo maintenance hoa etc fee... also forget about all the savings categories... big christmas... vacation... major changes but necessary in this situation. Not impossible.

@sarahtiru3528

Жыл бұрын

I agree with the rent. The rent would probably still be around $3k in New York but they would be able to get some extra money and allow them not to have to take that as an expense. Owning is expensive because when anything goes wrong, it's an extra expense

I was a solo parent and had to pay for childcare to go to work and ended up deep in the hole of credit card debt. He is an adult now but it took me many years to get it under control. I still have a credit card but I never let it get to the interest paying stage, and always make the full payment every pay. Thanks Kumiko, I am saving even more :) Great advice, thank you.

I can feel the weight that they must be feeling looking at their numbers. I love that you are giving them a plan and giving them hope for the future. You got this T!

time to start selling stuff from that storage unit to pay things down faster. husband could also do a work from home job part time, to increase income while saving more money too.

This was great. People who do indeed make good money but can’t enjoy any of it. If they’re willing to discipline themselves and live with those tough decisions and life changes, they’ll be in a better place even in just one year.

I love that you use tough love to help people get their life back on track. It's amazing that you are using your knowledge about debt to help people. You are truly an amazing person!

I believe this is a spending issue, they are living above their means. The condo they currently own in my opinion was a bad investment. Hope they will be able to start making better financial decision.

@TheThrivingLady

2 жыл бұрын

Agreed.

@Cordelia0704p

2 жыл бұрын

When I worked for a general practice law firm within the first year I knew I never wanted to have a home or condo or any living situation that involved a homeowners association or a Co op board or anything like that. If they don't lie the wreath on your door they will fine you. It's just insane the number of lawsuits I saw over this stuff. Not worth it. They should move sell the overpriced condo and get a small house they will save money, once the house overpriced us over, which I think is coming to an end or at least not as bad as it was. I know 4 people buying houses, all for much less than the asking prices. Anyway, that's what I would do. Ditching thr car also saves them on car insurance and annual registration fees. Oil changes. They seem like they probably take the cars to thr car wash instead of washing them themselves, didn't even see that accounted for but those are all additional costs they can save. Getting off my soapbox and going back to canning food lol

@reneedejanice

2 жыл бұрын

@@Cordelia0704p Definitely!! Homeowners associations and co ops are rip offs that’s why its so good to scrutinize everything when buying a home. I think it would be best for them to sell the condo too, they don’t even have a washer/dryer and they can get rid if one car and car pool until their finances are sorted out.

@Cordelia0704p

2 жыл бұрын

@@reneedejanice Exactly! I'm not sure of they don't have a washer and dryer or if they have one of those services that picks up y I ir clothes, washes them and brings them back.

Excellent advise! I can’t imagine having debt like that, it is soul crushing. I hope they take your advice and achieve their goals.

I love how passionate you are with helping those that are struggling. 💛

I love all of the encouraging comments on here for T. I am just now beginning my journey. When I say just now, the research/videos have been done but it’s NOW time to begin. I would love to do the real life budget on here but terrified. The encouraging community you have built, Miko makes it possible for me to want to have it done. Thank you everyone for being so positive and encouraging.

Seems like great advice to me... and yeah, I agree, it's definitely not time to give up. I make less than $2,500 a month and am finally managing to take control of my credit card debt. It's tough, cause I had to give up my car and rely on friends for transportation (I work from home), and I have to stop spending money on things that I enjoy. But it's going to be so worth it to have this debt off of my back and finally be able to put money into savings and look forward to doing more things that I love in the future.

My hubby and I are also taking on this journey to get rid of debt. It is not easy to say no to some of the activity we used to do but something has to give. Keep pushing!

I'm brand new to you and I must say this channel is amazing. idk if anyone else uses others financial data but I feel its better than watching someone that has their budget down doing it month after month. You are very skillful and I feel that I'm learning more from watching your videos than what I have seen already. So Dope!!

That husband already isn’t on board, so I’m really curious if he’s going to be open to being a stay-at-home dad. She may be stuck between a rock and a hard place here 😕

@miriam5714

2 жыл бұрын

Sure he will not. Sadly she will be stuck in that position

@K14r174

2 жыл бұрын

I don't think he will. His paycheck is basically pointless because he doesn't even cover his own personal expenses like car, parking and debt so he is living with her wife money and she is the only one in pain. "There's always debt" is a reality to him because he doesn't make enough money but it's not her wife reality, she can live without debt and that's a mindset problem

@crystalgale15

2 жыл бұрын

Her husband's mentality about debt and money is concerning. If they can't agree about their financial goals 100%, I am afraid this is going to be an ongoing problem for this family.

@adrianspangler

2 жыл бұрын

I hope they read these comments together and he realizes him not working is the best option.

@tater4ever

2 жыл бұрын

he needs to get a better job within 30 days or he needs to stay at home

I would say the home is a primary issue when the mortgage plus laundry plus parking and maintenance is almost half your income. They can not afford to buy ANYTHING outside survival with that much credit card debt.

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

@PinkieJoJo

2 жыл бұрын

Yep. They are house poor.

Love 💕 this video! Powerful message and great information!

Had a self awareness moment around consumer debt today...you have said it would happen. 🤯 Thank U.

@Budgetmeright

2 жыл бұрын

this is probably the first day of the rest of your life! I am so happy for you!

We decided to not use childcare this summer and have my husband work from home. Thank goodness we have that option because it will save us $250 per week. We will then take that $250 and put it back into our emergency savings.

@rachelgilbert3164

2 жыл бұрын

That’s a great idea! Plus those kids will always remember that awesome summer they spent with their dad 😎

@natashafreeman2220

2 жыл бұрын

@@rachelgilbert3164 thanks for the support. I don’t think our society gives enough acknowledgment to families where the father takes on childcare responsibilities. Sometimes it’s what’s in the best interest of your finances.

@Budgetmeright

2 жыл бұрын

this is awesome! wise decision! I would love to spend a summer with my dad and have beautiful memories about this period.

Eye openning. Nothing makes more sence than when all the numbers are laid down and a light bulb comes on. Then and only then can one make changes. Thanks Komiko.

My husband stays home. He does deliveries in the evening around my schedule to make some money because daycare often is more or equal to salaries. We don't see each other much but we need to make ends meet and achieve great goals!! It's not easy but it's not forever.

@Budgetmeright

2 жыл бұрын

bless you and your husband for doing this. not an easy decision, but a wise one

@caitlinavila5314

Жыл бұрын

Im a stay at home mom , i also watch my sisters baby so she can work. Me and my husband share a car. Use less gas. I make all the meals. I often have guilt I don't contribute financially but seeing these types of situations makes me value my role a little more.

@melanierose9015

Жыл бұрын

@@caitlinavila5314 he will drive ubereats or door dash. He had a business that ended up closing and it was easier having a parent home. Daycare is so expensive but obviously necessary for so many. I get tired from working so much but he's good about letting me relax.... the kids? Not so much 🤣 you definitely contribute! No matter the set up; a parent stays home or both work and use daycare I hope everyone knows they are doing what's best for their family!

I'm so glad I saw this video, because I feel like I'm stuck in the same situation. We make good money, but don't seem to be getting any further ahead. This gives me hope!

I really like the real life videos that I can relate. Thank you so much for amazing information

I am learning so much! Keep making these videos they are amazing :)

I see that ring gurl, congratulations! Thank you for being humbly lovable to us!

I love your budget channel it has help out a whole lot still working on some stuff that I can lower

Well said about how you prepare your son. I went from not talking about money with the kids to letting them know more about our household expenses and income. As they get older I don’t wanna sugar coat things, I wanna prepare them for life.

Thank you for sharing these real life situations and breaking it down so clearly! 🥰💪👍💕

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

This is a helpful video, it shows a range of real budget and life mixed with/without debt. I really hope T is doing better after her video! ❤

Best of luck to them. Can’t wait to hear if they take this and make it happen!

I’m sure there are a lot of people living like this and find this video very helpful.

Hi 👋 new viewer from Australia, just wanted to let you know that I am really enjoying your channel! You present in a great way and it is easy to follow and stay engaged with you. Thank you for all your help so far. I’m hooked and advising family and friends to jump on and watch some of your clips too. 😊

I love how real you are about finance!

NY is very expensive to live, I know because I live there. I make that amount on average with multiple streams as a single mom, but I never will let social media lifestyle or my income let me live above my means because you can easily dig yourself deep in debt. I’m glad Miko was able to help guide this family for a better future and help this community get in control of our finances despite how much someone can make. It’s not how much you make, it’s how you spend it/save/invest.

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

This was a really good video analyzing the budget and all the different options. The other option is for the husband to find a night job or even a WFH job that is more flexible so they don't need as much daycare. Or even find a new living situation but I know NY is expensive and with the housing market they may not be able to find another place to live that is cheaper. I feel bad for this family because they have decent income but everything is just getting to be so expensive. :(

Living paycheck to paycheck is often a choice. I know many people who lived paycheck to paycheck, and when they got raises or new, better paying jobs, they still lived paycheck to paycheck. Not because they saved, but because they spent more, because they could!

He's HR... there are SO MANY work from home HR jobs (and admin jobs) available on the job search pages. He could stay home, and still work, and cut the crazy childcare costs.

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

Their budget makes me feel really good about my finances, damn

@mauniep6456

2 жыл бұрын

Same!!

@Budgetmeright

2 жыл бұрын

hahaha...sad but I was thinking that I am doing great!

This was a great example of realizing your full financial situation for the first time. Very eye opening. Miko, you mentioned that the work sheets you use are available in the free resources section but I am not able to find them.

@thebudgetmom

2 жыл бұрын

They might be lower on the screen. Scroll down🥰

This is a great walkthrough for debts and budgets

Very good suggestions. Childcare costs are expensive and it makes sense that the partner making less could opt to stay/work from home until their situation changes or until the kids are able to attend school for a full day. I also agree with another responder's comment that the partner making less could pick up an evening/nightime shift to bring in extra money. If the couple can ride this out for a couple of years, then great; however, I'd be looking into a way to sell the condo. White Plains (Westchester County in New York in general) is an expensive area, so perhaps, their condo increased in value since they purchased it. If so, sell and use the proceeds to pay down or pay off credit card debt, while stashing a couple thousand into an emergency fund.

What a wonderful financial lifeline you are for those who are wise and ready to change their lives for the best peace of mind and financial independence. Thank you so much. 💗🌹💗

It is interesting that they budgeted for vacation and Christmas instead of putting that $400 a month towards an emergency fund. I learned that the emergency fund should always be the priority to avoid the trap of needing to use a high interest credit card for emergencies. I also understand the need to want to work for more than surviving and having a vacation/reward planned can help lesson the mental stress. But I learned that it is much more freeing to know that if something happens, I can actually pay for it. I just took my first vacation with my boys in 6 years because I prioritized saving our emergency fund first. The vacation was awesome, but I definitely felt guilty spending the money (even though it was 100% cash). I kept thinking, "how many months of expenses did I just spend?" My question is, once you are more financially stable, how do you break the survival mindset and begin to give yourself permission to spend?

Great video and great recommendations. If this couple chooses to follow your advice the opportunities are endless because the husband can use so much of his time staying at home to start a business - we live in a world where that is so possible! He could start making as much or way more than his job pays and they could get those debts paid off in record time.

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

This was so helpful to hear your thoughts and feedback!

Just found this video. LOVE this. Thank you.

Awesome video. Love how you break things down. Aloha 🤙

I love that concept and application of the book and sinking funds.

Great video, Interesting how having one spouse stay home would help them so much!

Great video Miko!

Awesome video! Just got a new subscriber!

Great strategies Miko! I think it would great to do a where are they now with this couple down the road after they have implemented some changes.

Unfortunately their expenses are not uncommon. We’re in the Bay Area & ours are extremely close to this. Granted, we have a car loan & only our mortgage. No CC debt. We’d move out of state but all our family is here. 😔 America needs to figure out healthcare & childcare costs. They’re insane.

The daycare and preschool costs way more than the husband makes per month… ridiculous that he isn’t staying home to SAVE around $1k/mo

I know it sounded like tough love but girl, you sugar coated it. This family is in $295,000 of debt WITHOUT the mortgage. 🫣 All that “good money” they make is being paid over to creditors. If anything their creditors are making “good money”. Just wow. Even if they filed bankruptcy, they still have $185,000 of student loans that cannot be discharged. They are going to have to make some hard decisions because they can’t keeping spending more than they make. As the saying goes, If you outflow exceeds your income, then your upkeep will be your downfall. 🤷🏽‍♀️

@nedtechgirl

2 жыл бұрын

Truth

@strange144

Жыл бұрын

I'd really like to know what on earth the husband studied that resulted in so much debt yet so little pay.

@nedtechgirl

Жыл бұрын

@@strange144 ikr! Doesn't sound like it was a sound investment

I would like to see more of semi-monthly budgeting please. I started budgeting this November and I still struggle as I get paid on the 6th and 21st of the month. I want to pay off bills/debt, I wanted to start saving for 2023 and get a month a head with everything in the future. (Hopefully)

Wow seems hard but it’s doable!! Work the plan!! You got in and now it’s time to dig out.

Always inspiring!!

I loved your video!!

Excellent. Excellent. Excellent. Did I say Excellent? What I meant to say was you're the bomb diggity girl. This was by far the most helpful video I've ever seen on personal finances.

Love this❤️

My hubby just walked by and heard Mikko say “coming out the husbands check” and says WHY are you taking from my checks DIANA??? HAHAHAHAHAHAHAHAHA

@Budgetingandmo

2 жыл бұрын

Lol

I see the husband is okay spending whatever he wants when he isn't bringing in the cash. He has no choice but to get on board

Also, as an HR Manager, he can make significantly more money. Another option for them would be for him change jobs.

@adrianspangler

2 жыл бұрын

100% agree with this!!! Look around for a new company.

Girl you're awesome 💖

The real life budget videos are something.. wow: as I shake my head, I can't imagine. I guess having extremely low income. I still get tips I can use.

We considered this but my employer insurance is less than $500 per month and my husbands is $1000 per month so we opt to keep mine. Also we're both protected employees in unions and have pensions so the idea of losing such a secure job and pension for our future is scary and difficult to get back.

I needed this one. Our income has went down a bit the last few months. I am trying to decide if I should get a job or go back to what I was doing before.

Great video ♥️

I’m in NY and not far from “plains” NY and it is very expensive living in this area. This is a very good video

As you say at the end of the video, facing the reality is hard, but continuing blind to it makes the solution harder and harder...

Pffft. Of course he’s not worried about the debt. He has zero responsibility here. The financial burden is solely on her.

@Budgetmeright

2 жыл бұрын

exactly! this is so frustrating!

@mysterypublishinginc

Жыл бұрын

She can become a stay at home mom while he work. That will erase the day care bill and pay off the loans off faster. That way they can get out of debt.

@mysterypublishinginc

Жыл бұрын

They can move out the condo into a house. And the wife can stay home instead of the husband. She can get a work from home job.

@vixenday

Жыл бұрын

@@mysterypublishinginc now imagine how much faster they would pay off debt if the husband stays home 😲

@summerxia6974

Жыл бұрын

@@mysterypublishinginc the husband is making a quarter of what the wife is making… and you suggest the wife to quit her job? Great advice

We make a lot of money but have no debt except my mortgage. We live on 60 k per year and save the difference. As WSU grad I approve this story is a red light and this can’t go on. However, these credit card and unsecured debts are no beuno.

If they get rid of a car and hubby starts working nights they could really have something that works for them we're rooting for you T!

@Budgetmeright

2 жыл бұрын

I was thinking exactly the same thing. Night shifts could help.

I just found your channel and damn, I need you to give me some tough love like this! Going to print all these sheets and get to work asap.

I'd like to hear an update on this one in a month or 2.

@user-qe4hc5hm7m

2 жыл бұрын

☝️Text me on watsap... Thanks for watching..

Love you the budget mom I was wondering if you can make some update videos on the families that will be awesome