Kumiko Love Instagram – The Budget by Paycheck Method was created after my failed attempts at budgeting. For the longest time, I thought I was a failure. It took me awhile to understand that I wasn’t a failure, the systems and methods I was using were failing me. They weren’t for me and that’s okay. I made it my mission to find something that clicked. I took parts of other budgeting methods that worked, and added them to my budgeting process. Here are the steps to the BBP Method: 1. Find your why- Why are you on this financial journey? 2. Track spending- Bring financial awareness into your life. This is realizing your true spending and where your dollars go month to month. 3. Identify regular bills- What bills do you HAVE to pay each month? These include things like rent, utilities, minimum debt payments, etc. 4. Cash envelopes- This is where you also identify your variable expenses or those expenses that fluctuate each month. Once they’re identified, you set a realistic amount on how much you want to spend on each of those categories. 5. Budget calendar- When you think about your budget, it’s easy to remember your bills, but what about all of the other life events that cost money? Your budget calendar will be your guiding light when planning out your paychecks. 6. Prioritize savings goals- Figure out what matters most to you and tackle your goals in order of importance. 7. Create a debt plan- Are you wanting to pay off the lowest balances first? Or those with the highest interest rate? 8. Paycheck budget tracker- This is where you map out each paycheck and figure out what paycheck will pay what bills. 9. Tweak and perfect- Remember, the first budget you create isn’t set in stone. Tweak and perfect what might not work for you. Although this method and process might seem overwhelming, tackling one step at a time will set you up in the best way. Remember, your financial journey isn’t only about the numbers. It’s also about learning about yourself and why you spend money the way you do. If you’re looking for where to start, be sure to click the link in my bio to access my free budgeting course. Raise your hand if you use the Budget by Paycheck Method! 🙋‍♀️