sinking funds can get out of hand SO EASILY especially when you watch videos on other people’s sinking funds. all of a sudden you’re like i need 20 more even if they don’t apply to you

Please do more videos like this. It helps to see different scenarios and approaches but still using your tools.

Miko...I work for the IRS and I just want to say that this woman receives an awful large tax refund. Which is nice...but it means she is paying way too much tax. It seems that part of the tax system is the same in Canada as USA. If she wants, she can reduce her tax withholding by $100 per week, which is pretty much $400 per month more in her pocket. And still she'll receive a tax refund of about over $1k. She can talk to her payroll department on how to reduce her withholdings. Just a thought, if she's interested. I see this everyday at work and most people don't realize they can help themselves out. Great vid.

@barbaracarbone4658

4 жыл бұрын

@@needtoknow1989 Very awesome! Smart thinking 😉

@jmgirard7

4 жыл бұрын

That's why I tell all my new employees to go onto IRS's website and do the withholding calculator. And with the new W4 is kind of confusing for most folks.

@barbaracarbone4658

4 жыл бұрын

@@jmgirard7 I don't like the new W4 either.

@brooke5863

4 жыл бұрын

@@needtoknow1989 I need more info on this. How do you do this magic exactly?

@HeatherLovesLife

4 жыл бұрын

I thought the same thing, that’s a pretty significant tax refund - which means the government is benefiting throughout the year and she has less $ in her pocket. She should definitely talk to her payroll department, maybe they have her set up incorrectly in the payroll system.

When she says that doing this will change your life, that is 100% absolutely true. Mine and my families life has changed dramatically since applying her budgeting method to our lives. Thank you Budget Mom for doing what you do and teaching it to us all 💜

You are so personable, knowledgeable and down to earth and I think that’s why I love your method so much. Plus you make it fun. Thanks for doing what you do, you’ve changed my life in 2 short months and I’m thankful.

I freaking LOVE that your doing this!! 💕💕💕 More vids like this please. :) So helpful.

Hockey is one of my biggest parental regrets (sons are 35 and 33 now). A) HUGE sums of money spent on equipment, camps, ice time, travel teams - they played all the way to Juniors. Her 11 year old is just getting started, costs are going to be climbing from here - and I didn't see a sinking fund for $600+ skates and $150 sticks (that break very easily); B) Injuries - concussions, broken wrist, broken ankles, broken ribs . . . C) hockey is all consuming time wise; D) past college they play very little, an occasional pick up game or short men's league. Encourage a sport that he will continue - running, swimming, golf, tennis. Less expense, less injury. We stupidly spent tens of thousands of dollars we did not have to blow. Also, how is this for crazy - one son played in a travel league that played Sundays in a neighboring state - the league was so rough they wouldn't let the teams shake hands at the end of the game for fear a fight would break out (happened on more than one occasionl) and they always had a couple of officers present at the games. This was an elite travel team (several of the opponents were sons of professional players). WTH were we thinking - what were we teaching them?

@rachelrodnunsky4011

4 жыл бұрын

As a fellow Canadian, she doesn't include the medical costs because she has healthcare coverage.

@blaqt107

3 жыл бұрын

Don't be so hard on yourself. At the time you did the best you knew as a loving parent. As a loving mom!. You wanted your children to have fun. And be happy that now you learned something now. You may never have realized what you realize know. Appreciate this. Maybe you can help young mothers realize the cost in the long run. And already started by suggesting other sport alternatives.

@denisescally7090

3 жыл бұрын

Really good point! Not just about the cost but injuries whilst they can't be avoided the risk can be reduced. Here golf is a great life long sport right up into retirement.

Let me just say.... I LOVE your nails.

Please do irregular income where you might get one check per month and then the next month 4 or 5 checks.

I just got a new job with a weekly pay! This is just what I needed🥰

Hi miko i started trying to budget in feb and there is alot of trial and error for me still. I am still struggling a lil..i have no debt and have 7 bills to pay monthly..i make about 2,000 a month..you have inspired me alot and your right it does take work..and I'm still working on it. 😀

You are truly amazing for such a young person. Very mature. So nice you are doing this for the reader.💕

YES!!! I totally agree with everything you said in your video. Setting up a budget is a lot of work up front, but it gets easier every month. Since following you I now have money leftover at the end of the month. That used to never happen! You are so organized, straight-forward in your explanations, and knowledgeable. I hope you'll continue to do these Real Life Budget videos so that we can see and hear your thought process!

Thank you that was very helpful! Since I have been budgeting I feel like I’ve gotten a raise just being more mindful of every dollar. And things can happen now instead of just thinking oh we have extra money we deserve to spend it any way we want! 😁 Thanks for all your help! We are going to get out of debt and have a great peace of mind sooner than later!

I could related to the lady for shopping. Stressing out on how to pay for the debt

I would love to see a follow up on this in a couple months time

I really enjoyed this, Miko!!! How cool to budget for viewers. So glad you started doing this!!! By the way, your home buying video was so inspirational to me I can’t even tell you. For me, it helped me to see what it looks like when you don’t give up on your dreams and goals. It went way beyond just financial. Thank you.

I wish there were more of these videos!!! They pump me up and give me the oomph I need to get my debt slayed!

I love this! I am paid weekly and this is so helpful. I used to dread budgeting but now I actually enjoy it because of your method. Thank you for doing these videos. It feels amazing to pay things off and plan for the future 😀

Miko, you are amazing! I just found u a week ago, and cant get enough, of your videos. I've even watched some twice. U r an awesome teacher!

I get paid weekly and my biggest hurdle was thinking I needed to contribute to my sinking funds every week. I was literally stuck on how to do this!! Thankfully, Miko, you showed me exactly how to manage this and that its ok to not put $$ in the envelopes each week.

Awwww I loved this Miko! ❤️❤️❤️

Omg I love this. Thanks, girl!! I'm working through our budget right now - 2 full time working parents, 5 kids (4 in daycare), 2 cars, mortgage, large debt, ... But I feel so hopefully! Thank you.

Had to pause at 20:14 to correct you. Closing a credit card will still remain on your report for 10 years, so that history is not lost right away. Closing a card will however impact credit utilization once its reported to the bureaus and accounts for 35% of your score so can cause a drop in score. The utilization sweet spot is >5% reporting. Once that reports then pay the balance so you dont pay interest. If your score is important right now, keep the account open but do a freeze on it so you can't spend.

Thanks again for your help. Can you do a video about bi-weekly paycheck please.

@chiknlittle

4 жыл бұрын

Gladys Acruz she does have IG stores for this. It’s in one of the highlights. If you catch Ryen (her assistant) on her IG with her budget, she also gets paid biweekly and she talks about it. Hope that helps you :)

@gladysaviles8610

4 жыл бұрын

@@chiknlittle Hi, where can I find it. Thank you again

@chiknlittle

4 жыл бұрын

Gladys Acruz on her instagram, under the story highlight “Budgeting”, she has her old budgets from when she got paid biweekly. Watch through those.

You are so inspiring, I love all of your content!

I love this working with real viewers now that you have achieved one of your large goals. I would love to see you budget getting paid once a month, I am a teacher and we are paid monthly. Plus I have a teen son so my groceries are more than $200 a month! I do enjoy your videos-I used your tips for your new Pantry so now mine looks so cute!

i’m in the middle of switching to budgeting by my pay check and also starting to use the envelope method. i realised quickly that i can’t take my full envelope amount out on my first pay period so will have to increase to that over time and just withdraw the essentials for now!! couldn’t have done this without you TBM!

YAY! This is PERFECT ❤️ Thank you so much Miko 😊

Yay I love your videos 🥰

If your rent equals your whole one week paycheck. Do you take it all out of one paycheck? Thanks

Brilliant Miko, thanks!

I love these series! Thank you for sharing this and how to bbp! I’ve been binge watching/listening your content and been absorb in your blog and free content. I hope to accomplish my goals thanks to your teachings!

The way that you explain and break down this process is so helpful, and I imagine will be life-changing to many sweet families.

Love this! Thank you!

This is so helpful. Thank you for all you do to educate us. I'm looking at a divorce and this method is really helping me to save for me and my son to find a new place to live and it gives me hope and confidence when my soon to be Ex is telling me that we will Never make it without his income. I need to prove him wrong

Miko, thank you for this! 😍 I love that you are featuring more budgets. I get paid on a 15th and last day of the month pay cycle. I would love to see people with all kinds of income - low and middle - this is helpful and relatable especially for single moms like myself with two teenagers.

I can’t wait for more videos like these. Thank you!

Budgets are a lot of work, but they’re so worth it. I’ve learned a lot from you and I can’t thank you enough. I will probably send you mine to get your feedback.

This is super helpful- Thank you

I love love love seeing these videos!

Loved this!! Looking forward to more of these. Thank you!

love these paycheck examples!!! helping so much with my own budget, thank you! please keep showing more of these.

What a great video Miko ! I for one loved it and love my BBP book that I use religiously. Having a budget gives you immense freedom and confidence.

This video was extremely helpful. I hope you continue to do this type of video.

I hope a 4 weekly pay one comes up! I love how similar this is to how I work but it's so so much more detailed! Love it!

So clear. You're a good teacher.

I love this series, very helpful. It is so interesting to see different scenarios. thanks for taking the time to do this

I just found your videos and wow, you are great at what you do. As I am just starting out a biweekly budget, I find this overwhelming, but as you say at the end of your video, it becomes easier with time. I did pick up 1 or 2 things that I am going to check with my bank. I am paying almost $17 in bank fees per month. Thank you for this and I am ecstatic that I found your videos..... take care and stay safe.

@carlacondie8088

Жыл бұрын

Glad to see you found those extra bank fees!

Wow. I love that you’re doing this for your viewers. I learned so much. Thank you !

Um, 1 AMAZING. 2, THANK YOU AND MERCI BEAUCOUP (BO COO) FOR DOING A CANADIAN! ( WHOOT WHOOT, EH?) 3 , WELL DONE and yes hockey is a finance itself!( there should be stocks in hockey sticks LOL!)

@juststeph6940

4 жыл бұрын

Jenifer Jenkinson are you from Quebec? Just wondering since I’m from there to.

Amazing!

Just came over from Cullen and Katie.(y)

Here in Canada it is standard to pay for a chequing account. Where I live the only option not to pay is with tangerine but it’s an online banking company and if you live in a small area like I do, you can’t find a bank that allows you to withdraw cash. I use tangerine for my savings accounts that I can just transfer my money to my other bank to withdraw. Also if she has a mortgage with the same bank she can not cancel her chequing account unless the loan is paid for in full. Thought I’d let you know since it is different from the states.

I LOVE these videos so much! I saw the latest one and then searched and saw this one. Super helpful. Thank you!!! :)

I get two teeny paychecks and one social security check a month! I’m excited to see how those numbers work! ♥️

I love the real Life budgets!

I came across your YT channel in December and began budgeting in February. I have already seen and have learned where my challenges are and have saved money. Thank you for sharing all your knowledge and for being honest and down to earth. This budget plan for this reader really helped me because I'm Canadian and can fully relate. Finding you has really been a blessing.💕

This was so helpful to see the initial set up of the budget

Loved this video! Can’t wait to get started on mine :)

So glad you will be doing this monthly

I definitely saw myself in her when she mentioned about the shopping. I just ignored the internal issues that were going on with myself. It's a process to start to learn to have self love and self worth in myself.

Thank you so much. I started following your methods last month and we have improved tremendously on our budget. I’ve had major trial and error but my husband and I are understanding it more. This video, your other videos, and methods has provided more tips and structure to our budget while adding some fun into the process that keeps us wanting to push for a debt free life! ☺️ Kumiko

You have saved my life and future in so many ways Mike God bless you

I loved this !!! So helpful and informative seeing it from someone else’s point of view ! These videos are going to be an amazing idea, I can’t wait to keep seeing them

I have been subscribed to you for months and I have successfully mustered your technique. I am now teaching others how to" budget by paycheck ". It works and I was amazed at how I have been able to save again. Thank you!!!!🥰

I love this video! Thank you for helping individuals in their scenarios! Hopefully one gets posted that’s similar to my story!

Loved it! Looking forward to capturing other real life budgets on your channel. This was so Great! Thanks for sharing!!!

This video helped me soo soo much! I have so much debt and so little left over but am slowly learning thanks to you!

It is a lot of work in the beginning, but it is so worth it!

This type of video is so awesome, to budget for your viewers! So helpful!

This is cool that you are doing other people budget. Thank you for sharing this.

Thank you, this is super helpful. You really do reduce the stress around budgeting. Love how you explain different elements of the system in greater detail in each video.

Great video! Just what I was looking for!

This is a great series!

Buying clothes every month is not a necessity, also I agree, your child is only in sports you can afford. Some kids with 2 parents still are in none. It is an opportunity to teach your children young about finances so they dont end up making the same mistakes. I know being in Canada myself. 75 bucks is barely any food, I would take my fun and clothes money for food.

This video was amazing. Please keep presenting new scenarios. I would love to see monthly pay with sinking funds and debt. Thanks Miko. You're awesome!

I thought my debts and finances were unsolvable . I found your channel a few weeks ago and have watched your videos on how to do your method and spent a weekend going over my finances in detail. I learnt a lot from going through them. I have sorted out a lot and I am following your pay check method this month and using cash envelopes for the first time. So far it is going well. I have been able to work out a way how I can work on my debts and improve my spending and budgeting habits. Can’t tell you how grateful I am to have found your channel. It’s work in progress but I can see a way forward at last. Thank you xx

I ama so happy that I find you! It was sooo helpful! Kisses from Greece!

Thank you I really needed to see a way to budget by weekly paycheck and this truly helps A LOT! THANK YOU!

I am so happy with this ❤️

This was so helpful!!!

Dear Kumiko Thankyou for teaching me your budgets .🤗

This is by far the best budget video I’ve watched ...I definitely pay my bills like this every month but still don’t know where my funds go...ty for sharing very good information

Very helpful to see another persons numbers. I think the most helpful was hearing your tips / advice on where she should make changes and what debts you would pay off first :) keep up the helpful work !! :)

Yeah!! Keep em coming :-)

Love video like this!!!

Wish there was a love button...great video 🙌🏻

Thank you for doing this video! I bought your budget book for 2020 and am still having problems how to use it. This video helps a lot. Thank you and can't wait to watch April's real life video. But first, I will be re-doing my own April budget and worksheets. Thanks, again!

I just started the cash envelope system, but it is still hard for me to figure it out. This video is a great break down of how to start, I will be binge watching your videos. This is the only video that I’ve watched that has broke to get started. Thank You.

This was super helpful!!

These are great!

This is very helpful. Can't wait to see more budget examples. Started using the workbook in Feb and have been tweaking my setup. I think I've got it down now for march. It was a lot of work in the beginning, but it forced me to really think about how I use money as a resource in my life. I feel very intentional and more in control now because I finally got serious about budgeting. No more winging it. Thank you for putting yourself out here as an example. I am determined to be debt free. For 2021, can you add a couple of summary pages to the back of the workbook that we could use to wrap up the year and/or add reflection notes? This would be nice for those of us who buy the bound version. They could be as simple as 2 lined pages with a title, "Year end wrap-up and reflections".

Just one sentence:"It will change your life!" So true. Just stick with it. If you fail- start again. If it´s too much- take a break. But come back and start again. One day you will succeed!! I know ;)

As a new graduate nurse I will be setting up a budget as I have not been working through my last semester of nursing. We have been living on my husband’s salary which I am now grateful because we are used to living on a dime. I so want to start off on a good note. Thank you so much. I have been binging your channel, website and instagram! Waiting to preorder my planner and get going. In the meantime I will use some of the individual printable. If you ever have a workshop in Virginia I am willing to be used as an example. So excited to begin my journey to freedom! God sent!

Loved this video!! Are you still accepting budgets to use as examples? My husband is in the military and I would love to see how you would work with that type of pay schedule as well as advice and tips for saving and preparing to get out of the military. Love all your videos & so happy I found your channel! 💕

This video helped me start budgeting! Thanks for showing the steps to start weekly paycheck to paycheck budgeting. Can you make more videos like this ???

Great video. I also get paid weekly and my husband gets paid weekly also. Again great video

new to the system love your videos

I loveeee your videos! Super helpful😍