It’s time for another Real Life Budget. I asked my readers to submit their REAL information. Real spending, real debt, and real savings goals.
I am taking those real-life numbers and showing you how I would organize and budget that information using my Budget By Paycheck® Method.
If you would like to submit your budget information to possibly be picked for a Real Life Budget that we will show on YouTube, please reach out to [email protected].
Today, we are looking at TBM Family member Christina's information. Christina and her husband are on a debt payoff journey and feel like they are not making the progress they should be. For the first time, I am showing how to use a debt reduction calculator to show how your decisions affect your debt journey.
Trust me, if you have debt, you don't want to miss this video!
CHAPTERS: 00:00 Introduction 03:07 Why & Personal Story 06:04 Income 07:55 Fixed Expenses 09:15 Variable Expenses 10:30 Debt 12:52 Savings Goals 14:26 Budget By Paycheck Method 21:01 Debt Payoff Scenarios & Visuals 32:28 My Recommendations
Kumiko Love is a single mom who empowers women everywhere to regain control of their financial lives. An Accredited Financial Counselor with over nine years of experience in the finance industry, she founded The Budget Mom, a community of millions of women on a path to financial fulfillment.
She's also the creator of the wildly popular Live Rich Planner® and Budget by Paycheck® Workbook. Love has been featured on Good Morning America, the Today show, CNN, CBS, ABC and in USA Today, US News, World Report, Huffington Post, Money Magazine, Parents Magazine, the Washington Post, and Real Simple. She lives in Spokane Valley, Washington.
