My Budget Category Breakdown
Рет қаралды 187,447
Күн бұрынEvery person is unique, which means each budget is unique. Today, I am talking about my budget categories, and how I organize my spending.
As an all-cash spender, the budget I set for each category can sometimes include my regular bill payments AND the cash I spend from my cash envelopes. I lump them together to create one monthly budget limit for each category.
I am hoping this video will give you some ideas on how to organize and categorize your spending and budget.
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ABOUT ME
I'm the blogger behind www.thebudgetmom.com. I have a rambunctious 6-year-old son, live in Washington, and I'm passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!
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CONTACT
kumiko@thebudgetmom.com
@AngelaPerez-js3gf 5 жыл бұрын
I can’t stop watching all your videos. I know I’ll be at this level one day, you are an inspiration to me and my budget.
@MsLee-oh7hy 5 жыл бұрын
I agree this video changed my life
@jenniferyambor1760 4 жыл бұрын
Yess ive been binge watching
@DebtFreeMillennials 5 жыл бұрын
When I was going through my debt free journey, I used my food and restaurant envelopes like crazyyy. But now that I'm debt free, I use a credit card responsibly (pay it off EVERY month) and use those points. I also use receipt envelopes instead to keep track of my spending in a tangible way. It helps me see it at home and online. Thanks for sharing your envelope system!
@MsLee-oh7hy 5 жыл бұрын
@ The Budget Mom, Thanks to this video I was able to save 500$ my first month of budgeting
@shelleyshaner9621 5 жыл бұрын
I feel so blessed to find and learn your way!!! thAnks sister
@taranobles3129 5 жыл бұрын
You are awesome and break budgeting down to be so easy to understand! I am a new mom but as soon as I go back to work I will be using this system😊👏🏼
@biancagallego3340 4 жыл бұрын
Thank you kumiko for all your advice! My husband's income was suddenly reduced to 20% for the next three months because of covid and I'm so so grateful that I followed your advice to set up an emergency fund. I feel safe and secure. Thank you
@guitargrrll 4 жыл бұрын
I cannot wait to buy your workbook/planner and get the cash envelopes. My husband and I are working towards buying a house next year so budgeting is in our favor. You are such an inspiration! :D
@SimplyLivingIt 5 жыл бұрын
Thank you! So inspiring and encouraging! Keep the videos coming! 💗💗💗
@sgibson806 4 жыл бұрын
I can't wait to print off your worksheets.
@sugafoot138 5 жыл бұрын
I love you videos. Love the break down of the envelopes. I was getting so confused.
@novabeard-taylor2756 5 жыл бұрын
I love your videos and your workbook. It has helped me so much!! It's been Great to show what I learn from you with my fiance!!
@lifeasqueline 5 жыл бұрын
I like the idea of combining eating out and groceries. I do feel like I eat out more because there's money to. So that would be helpful to my budget.
@DBULala 4 жыл бұрын
This was a great video. I plan to use this for myself. Thanks
@AshleySaville 5 жыл бұрын
I wish we could bring $9,900 per month like you guys! Well done! We are baby-stepping along at just above $3,000 per month. Prayers and well wishes for your family! I love the video! Thank you for sharing ❤
@dianesimpson2034 5 жыл бұрын
my husbands and my social security is $1,400.00 a month, I can probably have 2 envelopes one would say your broke, cant afford life insurance, have to pay for meds, cant affford health insurance, and the beauty one , loll that has p[assed
@Love-qv9nl 4 жыл бұрын
Diane Simpson, 😖ouch! Nevertheless, your funny 🤣.
@Hurrygoon 5 жыл бұрын
I also have determined that keeping my budget for fuel expenses in my checking account is easier than take my LO inside. If I took her inside each time it would just increase the amount of $ spent on fun. I use the non-envelope tracker to track my fuel and car wash expenses I just tuck it inside a card slot in my wallet and write it down before leaving.
@tannidrever7492 5 жыл бұрын
I always ALWAYS get fuel (Aussie here) when my kids are at school, otherwise it’s a ‘can I have this candy or drink etc’ and after three kids doing that your total is up another $10-$20 😣
@truneilson 5 жыл бұрын
I just told my kids "No" they learned quickly that I dont waste money on candy and never on expensive candy.
@Practice_Kindness-1st 5 жыл бұрын
I love your new graphics!
@justlourdes947 5 жыл бұрын
I love those envelopes!
@antoniosalcido1129 5 жыл бұрын
Thanks for this video it has given me ideas 🙏😊
@cscreative5460 4 жыл бұрын
I would love a worksheet like this but a5 size for my planner!
@Criselcustoms 5 жыл бұрын
Wow im actually early for once 😂😂 what a concept
@candy2325 4 жыл бұрын
I have to separate my eating out from my groceries. My brain would be wired to use too much money to eat out and I NEED to buy groceries first lmao. When I have something coming up I plan the amount and budget it for my eat out envelope.
@yolandashelton5301 5 жыл бұрын
THANKS FOR SHARING!
@rachelhagen9176 5 жыл бұрын
I love your envelopes
@ashleyg651 5 жыл бұрын
Random: The way she talks reminds me of Joanna Gaines
@coolgatherings6772 5 жыл бұрын
You are amazing ♡
@thatspiritualhumane 5 жыл бұрын
Excellent video..
@WhitneyTaylorW 5 жыл бұрын
Love this thank you
@edgetendale5651 4 жыл бұрын
Thank you for sharing. Those are cute envelops. Where can I get then?
@paariztd8878 5 жыл бұрын
Mashallah mashallah awesome video. You are very honest and detailed. May Allah Almighty bless you with more ameen. I'm glad whatever I have, however unfortunately, I don't have much and on a very low income even though we both working full time for 4 children mashallah. Hopefully one day I would be able to do things better. Thanks once again for a great video.
@AngelaNortonTyler 4 жыл бұрын
How to you budget/ pay for Shoes & Clothing?
@2babe6 5 жыл бұрын
What I do on the gas category is instead of leaving my money in my checking I use my chase card that gives me 5% every time I use the card for gas ⛽️ and my husband and I fill up at Costco by the end of the month I pay the card .i budget 160 in gas for my husband and I ..
@amandaschweitzer4347 4 жыл бұрын
JMAP8 that’s a good idea!
@tianna-nicholejoseph6013 5 жыл бұрын
Does the 10% discount code work for the physical workbook?
@onigiriluvz 5 жыл бұрын
Can you please do the coloring cash envelopes vertical style
@tayralopez5342 5 жыл бұрын
Hi! where did you get the index cards that you fill out as you go? Do you make them yourself?
@sandyrobles6306 5 жыл бұрын
we buy gas at sams club because it's the best price in our area so I leave that in my checking
@mariebeaulieu7789 5 жыл бұрын
For gas, I put it on a gift card or a prepaid mastercard. Easy to pay at the pump with young kids 👌💵🙂
@jenniferleigh6135 5 жыл бұрын
How does that work for you? Thats what I thought about doing esp trying to get on a budget because when I move out on my own I have to live below my means and on a tight one. Dealing with impulse buying so Im trying to get on something here.
@mariebeaulieu7789 5 жыл бұрын
Jennifer Leigh work out vey well actually. The first 2 month was the settle because I put only what I want to spend but the reality is putting the real number ($$) on it!! So after that I was able to put the right amount on my cash "cards" envelope. I do a card by envelop like: food = Maxi gift card Drugstore = Jean Coutu gift card ⛽️ = Petro-Canada or Master Card gift card etc. etc. I prefer that than have 1000$ in cash on me 😬
@jenniferleigh6135 5 жыл бұрын
@@mariebeaulieu7789 Good idea! Thats what I thought about doing was ONLY having a wawa giftcard for gas. a publix one for groceries. Something like that. I KNOW if I keep shopping for groceries at walmart or target Ill venture into the other departments and can easily get distracted and spend on unnecessary items..I know it sounds like I have no self control..I do but its just getting into a routine for a while and getting focused. Hopefully with time I can start shopping at those types of places but right now to get in a good spot I feel like I need to do that.
@crystalgale15 5 жыл бұрын
Miko, could you please do a video on how you created your highlighted debt tracker in your background? I would like to do that but for tracking my savings goal. The highlighter colors look like art and I like coloring. Thank you! 😁 Also, I really think I should start doing an expense tracker like yours. Except for my sinking funds and savings I mainly use my credit card because of the cash back I get which I could also use for paying off my bill (can't say no to free money hehe). But a tracker would really be helpful for me so I don't go over budget on groceries. 😊
@janiceglasser922 5 жыл бұрын
Debtfreecharts.com has free color in printables
@EricMeatlikeaking 3 жыл бұрын
does it take extra time to pay with cash all the time? has it changed since the 2020-19 virus?
@feliciagrande128 3 жыл бұрын
Maybe it only exists where I live, but for the gas, there are a few gas stations that are “with service”. You pull up, there is an employee that greats you (while you stay in your car). You say how much you want (I want $30 of gas). They fill it up for $30, you pay in cash and leave. No need to leave your car💃🏽 Great for the winter months😂
@RainbowRiver 3 жыл бұрын
This is so weird to me. Here in South Africa this is the norm. Probably because if we had self service some people would just put in petrol(gas) and leave without paying😅
@sarahparwon2399 Жыл бұрын
@@RainbowRiver for self service, you have to pay before you can get your gas or else it won’t activate the pump to start.
@brandyzent9410 4 жыл бұрын
What would be your advise for $14,000 credit card debt on top of $3,000 monthly bills? How to pay it off without falling behind on others and without sending payment for them to send next stateement with tons of fees that just ate the payment? Basically just treading water.
@jennyspennies243 4 жыл бұрын
AND THAT IS WHY i love new jersey with three kids...i am grateful i can cash budget gasoline, and still not have to drag my small kids out of carseats into cold or crappy weather or into crappy drivers to pay for gas...love full service lol
@cwj144 5 жыл бұрын
Do you use coupons
@nelliconcepcion6479 4 жыл бұрын
How do you budget one income that comes once a month?!
@crystalanderson7358 4 жыл бұрын
Where do you get your budget book?
@Crystal-jy9ti 4 жыл бұрын
Hi me Miko, I have a question regarding organizing your categories. I have an issue where I have sinking funds that are covering for something that I paid for with my debit card . I don’t know what category to call it in order to flag it for later on when I pull money from those stinking funds and deposit it into my checking account to cover for purchases that I had to do with a debit versus money in my sinking funds. if this makes sense please me help me I am not quite sure how to categorize that spending
@WhatLauraLikes2018 5 жыл бұрын
What category do clothes go into? I’ve been trying to have a sinking fund for clothes so that as seasons change I’ve saved up but you mentioned buying clothes for your son out of his category. What about you?
@bernadettedietrich6429 5 жыл бұрын
Maybe having a separate category called "Family Clothing" as a sinking fund might help. Also I try to give most of the clothing they need for the season for their birthdays and Christmas. Maybe I am a boring mom....lol.....but it works for us....we have a minimal wardrobe.
@simoneb.4334 4 жыл бұрын
The only thing I do not understand is this: usually you buy food and household supplies at the same store. But you have two different envelopes for these things. Do you separate those things at the checkout and pay twice from two different envelopes? Or do you pay all things and afterwards you put money from one envelope to the other? That would be interesting to know for me. Thanks and regards from Germany! 🍀
@lindamorris6602 5 жыл бұрын
For gas, I find it easier to use my dc. I tried cash and I had to stop and get gas more frequently since I was not filling up the tank. I do not have kiddos but it was a lot of work to stop, go into the store then pump. Does any one else feel this way? I would rather take less trips to the gas station since I was filling up my tank at each trip but I see a lot of people have gas envelopes.
@gentry8907 5 жыл бұрын
Linda Morris-Barbee you can always over pay with cash at the register, fill up your tank, then go back inside and they’ll refund you the difference. It’s two trips inside, sure, but if you want to make it a cash expense it’s a possibility. Or if you’re like me and have no self control and can’t leave any extra in your account because it’ll get spent on stupid stuff then it’s what you have to do 🤣🤦🏼♀️
@gnasel4655 4 жыл бұрын
I really need help your help! I just started out budgeting and I have my cash envelopes and my wallets but I am so confused on how to organize what I have spend and my savings! I feel like I have a lot to pay for! I just finish paying off 2 of my credit cards which that awesome but now i have school loans and car note! I am really getting overwhelmed. Please help me!
@debramurphy4295 4 жыл бұрын
I got a gift card for gas and plan my drink. Then I go to work. What I need is a budget my taxes on house and tags
@baberae10 5 жыл бұрын
Where did you get those envelopes? They are adorable!
@mooncake666 5 жыл бұрын
I believe she makes them. Theres a link in the description to her shop where she sells a bunch of them
@jenniferstiko7510 5 жыл бұрын
I have 3 kids, ages 2-8 and we get our gas at Costco, which I don't believe you can pay for in cash. So, we just treat it like a bill coming out.
@Essex-Stitcher 4 жыл бұрын
I just wondered what you do with the money that you have left over each month in the envelopes. So if you had £50 left would you only draw out £350 next month or draw out the £400 and then put the £50 in savings/debt?
@SxyGrl44 4 жыл бұрын
Essex Stitcher they normally say put it towards debt... that's after you have a $1,000.00 emergency fund established.
@heidimorgans2546 5 жыл бұрын
What do you do if you go to one place but buy things in multiple categories? For example, if you went to Walmart and bought some groceries and some household goods. Do you pull cash from the same envelope when paying and then just use the receipt to reconcile things when you get home?
@brroookkeee 5 жыл бұрын
Either that or separate into 2 different transactions. Household and then food
@saraangel6696 5 жыл бұрын
I would do that, it seems easier for me, but I guess it depends on what makes sense to each person
@marthashiimi7226 4 жыл бұрын
you are right, ice cream and popcorn are treats and not food
@ashleyross4503 4 жыл бұрын
What kind of highlighters do you use and I watched your video on your planner that you have and how do you draw the stuff that you draw in it or how do you write out the days because I liked how you did your planner but I just don’t know how you did the drawing in it and what pens do you use also
@cheryleashleyy9861 4 жыл бұрын
If you google “the budget mom amazon page” she has an entire page of her favorite items and they are linked.
@alethlumagbasboniol4473 Жыл бұрын
@ Ashley You can use any kind of marker like for example Sharpie or any kind of brand, it´s up to your choice. In my part, I write all my categories or transactions then use the marker of my colour choice afterwards. I use a colour marker since my high school days and I can understand that you never use a marker before. Anyway, good luck to your budgeting!
@amypeters9053 5 жыл бұрын
Miko, I know you put sinking funds as category “savings” when you pull the cash out to put in the envelopes-but how do you categorize envelopes like food/gas/beauty - for the transaction pulling the money from the bank and putting into the envelopes??? Is it a “dnc” coming out of the bank ET and putting in the the cash ET??
@Hurrygoon 5 жыл бұрын
Amy Peters She tracks the transaction on her checking account track so she can see the transaction and to keep her checking account balance accurate. But when she goes to do the budget breakdown she does not include the transaction into a category. If she did it would be counting it twice. And it would show up as an being over budget. She has an Instagram video that explains this. I believe it’s called common mistakes or mistakes most commonly made?? I myself did this the first time around and I was like there’s no way I’m over X amount of dollars because it would show as a negative in my bank account and my envelopes. So you track your checking and your cash expenses separately which she shows in her videos too then when you close out your monthly budget you’ll see it all come together. Hope that helps
@amypeters9053 5 жыл бұрын
Randie Cuch Thank you so much / that is what is tripping me up - my WDMMG never works out - and I am like you there’s no way I’m that much off!! I need to go look at her Instagram more / I am in her FB group and have watched all her videos here - but I am not on Insta as much!!! Again thanks for explaining
@terrabouck3770 5 жыл бұрын
Wondering how to implement this technique with dual income, multiple pay periods. I get paid twice a month and my spouse gets paid weekly. I am trying to find the best way as we have lots of debt and saving for big ticket items with 4 kids.
@thechronicillnesstherapist143 4 жыл бұрын
Hey Terra, did you ever figure out an answer to this question? Just wondering bc it's a good question, and I'm sure takes a lot of organizing and time!
@jalesasims8483 4 жыл бұрын
I’d do it weekly. And on the weeks you get paid and have more income, pick certain bills and pay them ahead of time to get you down to $0 for the pay period.
@EricMeatlikeaking 3 жыл бұрын
i was thinking about trying a gym membership for only $10 per month
@lizcibula8336 4 жыл бұрын
Question.. Say you go to Target and buy: Toilet paper, bread, body wash, and jeans. Do you make 4 separate cash transactions from 4 separate categories?
@kayham123 4 жыл бұрын
Liz Cibula yes
@jennifersroka5524 5 жыл бұрын
Can I ask, what do you do for a living.?
@hannahdavidson4847 3 жыл бұрын
She has a huge business, sells budget planners, envelopes, sheets, etc. that most of her income comes from.
@bookingbloodlinebrothers2445 3 жыл бұрын
I'm fvckn with it
@jamieford324 5 жыл бұрын
hey Miko I'm just curious I know you've always used a hundred dollars in your fun envelope and for instance when you go to a movie between the tickets and the popcorn it's almost $50 even just for two or three people. Does that hundred dollars get you through? I know your family is smaller than mine but I'm still just surprised that the amount is only $100 and I was curious if you wind up overspending or anything in that category
@leticiagonzales1622 4 жыл бұрын
I know this was to the creator but on another vid I did see that for "fun money" they put the certain amount in the envelope and say you put $100 but you know you want to go to say an activity that will cost $200 then you would either save that money for 2 months or spend less than the 100 each month then eventually you will have the extra 200 to go wherever it is. hope that made sense
@icanicanicanican 5 жыл бұрын
Besides KZfaq how do you make so much money as a single mom .... I can’t even make half of that ... ans I work so hard
@ElishaaLi 4 жыл бұрын
I don’t think KZfaq is considered her main moneymaker. TBM is her brand and business and she makes money selling her budgeting method, planner, workbooks, envelopes, writing her blog posts etc.
@wendynewton7295 3 жыл бұрын
You are soooo insperational.
@michelley301 5 жыл бұрын
Two days into my May budget, I'm a newbie. What do I do with the coin change received when paying with cash? I'm trying to keep my budget rounded to dollar totals. Is that going to throw me off when it comes time to close out at the end of the month?
@spkgrl 5 жыл бұрын
Michelle M I save mine in a big jar for the year. Then make a big extra debt payment. It seems like free money and is a good way to end the year!!
@michelley301 5 жыл бұрын
@@spkgrl What an awesome idea! That's what I'm going to do going forward.
@michelley301 4 жыл бұрын
@Maroxa Talks It's been challenging, but haven't given up, tweeking as I go. Thanks for asking.
@michelley301 4 жыл бұрын
@Maroxa Talks You got this! Took me 50 lol
@marilynortega-barba6508 5 жыл бұрын
❤❤❤❤
@sischeramie3908 5 жыл бұрын
When you have to save money in the checking account for the categories that stay-like James...Do you put $150 on the month prior to help with the following month or when you put in is it for the money already spent. I’m having trouble with that part of my budget while trying to start off my budgeting.
@cwj144 5 жыл бұрын
Tide would be out of the food budget?
@cwj144 5 жыл бұрын
Oh I spoke to soon lol
@ashleymiller9207 5 жыл бұрын
#gamechanger
@ritamarie1789 4 жыл бұрын
What about debt?
@shavelg3336 3 жыл бұрын
I thought I was getting the hang of this till I watched this and got confused 😫
@hernandezmayra979 2 жыл бұрын
Thanks for the break down. #NewSub
@desertrose00 4 жыл бұрын
Will never understand the point of cash envelopes... is it just because one has a habit of paying more if using a card for payments?
@mackal1sc1ous 4 жыл бұрын
Sonila Kar Personally is would set up online payments for all bills. everything else is cash. I think it causes you to be aware when you are spending. Physically seeing yourself spend $100 in cash is harder to let go than spending $100 online or with a card.
@Birdmom1823 2 ай бұрын
💜💙💜💙💜
@ambersawyer6305 3 жыл бұрын
So the thing about cash envelopes that bothers me and holds me back is having all of that cash on you at once 🙈 you have a $400 food envelope and $100 misc and $100 fun envelope...do you physically carry all of these cash envelopes with you wherever you go? I feel very uncomfortable carry money around like that in case someone takes your purse or you lose your wallet
@Angelinesekle 5 жыл бұрын
Why is your food budget so large? Jordan Paige says only use $100 per month per person 😞 which seems like too less idk what amount to make my food budget
@rafeilareggie 4 жыл бұрын
Right, i live in indonesia, and it only cost me $100 max/mo for food that i cook myself, for 4 person 😁 with extra 2-3 times delivery / take out. Eating out is in my husband's budget, i don't include them in my budgeting. i think it's in his FUN envelope.
@melanierose9015 4 жыл бұрын
I don’t think $400 is large.
@naokarina593 5 жыл бұрын
Are u half asian?💕
@Rahmatullah-qj7mj 4 жыл бұрын
ARE you vERy NicE
@truneilson 5 жыл бұрын
This is my first video but I thought it was hysterical that you thought you needed to mention that you get fake eyelashes...its the first thing I noticed about you.
@kaylighboo1987 5 жыл бұрын
People can’t leave their kids in the car to pay for gas? You’re literally gone for 60 seconds lol. Don’t worry that’s not all I got out of this video 🤣
@UghUgh1234 5 жыл бұрын
Sorry if you already have said this, but I’m new here. Where is your sons father?
@yarecas7138 4 жыл бұрын
??????
@SxyGrl44 4 жыл бұрын
Meeloy Blogs Thats none of our business.
@nastenkanazarov909 5 жыл бұрын
Very confusing and complicated
@heidimorgans2546 5 жыл бұрын
What do you do if you go to one place but buy things in multiple categories? For example, if you went to Walmart and bought some groceries and some household goods. Do you pull cash from the same envelope when paying and then just use the receipt to reconcile things when you get home?
@eggychelle 5 жыл бұрын
I’ve seen some people in other videos say they will just do separate transactions at the store. Complicated, but then don’t have to reconcile.
@breonnanikole6194 5 жыл бұрын
I personally just do separate transactions. That way things don't get mixed up and I can categorize my receipts and I know exactly what I spend at the end of the month in each category!😊❤
@heidimorgans2546 5 жыл бұрын
What do you do if you go to one place but buy things in multiple categories? For example, if you went to Walmart and bought some groceries and some household goods. Do you pull cash from the same envelope when paying and then just use the receipt to reconcile things when you get home?
@journeyto_Christ 5 жыл бұрын
i was wondering the same thing.
@hopefuldreamer238 5 жыл бұрын
I use cash envelopes and that's what I do. However, I know some people who use cash envelopes do multiple transactions and take multiple or both envelopes with them so they have the receipt for each envelope.
@chantewilliams5308 5 жыл бұрын
I think it all depends on how many envelopes you're willing to make and have on you, as well as how deeply organized and thorough you're trying to be
@intentionallymade 4 жыл бұрын
I know for me it’s easier and more disciplined to separate the items in their categories and pay separately. Because otherwise it opens up the door for me to be less disciplined and not follow through with replacing the category. Or sometimes I get squirrel brain. So for me it’s just easier to do it from the very beginning.
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