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 budgets@thebudgetmom.com.
Samantha and her husband are a single-income family of four, living paycheck to paycheck and feeling stuck. With over $20,000 in credit card debt, two car payments, and unexpected expenses throwing off their budget, they’re struggling to get ahead.
In this Real Life Budget breakdown, we take a deep dive into their income, expenses, and debt to create a realistic plan to cut costs, tackle debt, and finally break the cycle of overspending. But there’s a challenge—her husband isn’t on board with budgeting.
✨ In this video, you’ll learn:
✅ How to identify the biggest money leaks in your budget
✅ How to budget with a reluctant spouse who isn’t tracking spending
✅ Why cutting unnecessary expenses is critical for financial stability
✅ Whether selling a car could be a smart financial move
✅ How to stop living paycheck to paycheck and start saving
✅ A step-by-step plan to pay off high-interest credit card debt
✅ How to set up sinking funds for future expenses
CHAPTERS:
00:00 Introduction
02:15 Samantha's WHY
03:42 Income
04:30 Fixed Expenses
06:33 Variable Expenses
07:10 Savings Goals
08:20 Debt Picture
10:01 The Budget by Paycheck Method
17:15 My Recommendations & Suggestions
22:10 What Do You Do When A Spouse Is Not On Board?
24:28 Conclusion
➡️TO SUBMIT YOUR INFORMATION to possibly be highlighted in a future Real Life Budget, please email your information to Budgets@TheBudgetMom.Com
➡️TAKE THE ULTIMATE BUDGET COURSE: https://courses.thebudgetmom.com/p/building-blocks-of-budgeting
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https://thebudgetmom.com/mymoneymyway
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➡️ ORDER THE BUDGET BY PAYCHECK WORKBOOK: https://budgetbypaycheck.com/
ABOUT ME
Kumiko Love 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, and is the author to the bestselling book, My Money My Way.
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.
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