The Money Mindset Podcast

#150 Budget Series #2 - Planning by Paycheck - Not by Month

May 23rd, 2023

Welcome to the second episode of the Budget Series!

In today's episode, we dive into the importance of planning your budget by paycheck. While a monthly overview provides a baseline, understanding your finances on a per-paycheck basis is crucial, especially if you receive multiple paychecks in a month. Ashley will guide you through the process step by step, sharing valuable insights and tips along the way.

Join us as we simplify budgeting and help you take control of your financial well-being.

Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.

I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.

Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.

“You don't need to do more than one budget a week. Don't make it overly complicated for yourself. So at the most, do one weekly. If you both get paid the same week, put it together. If you get paid every week, now you can separate it out if you choose to. But don't overthink it, okay? Don't overthink it. Don't try to make it too complicated. Make it as simple as possible, but you know, figure out what works for you. So if it makes more sense for you to plan out weekly paychecks for whoever gets paid weekly, and then if somebody else gets paid biweekly, you're doing it that way, you figure out what works for you, right? But I would really encourage you not to do more than one a week, because most months that's four and some months, that's five. So just try not to make it overly complicated.”
- Ashley Patrick

00:00 - Introduction to episode 2 of the Budget Series
01:38 - Where to get the Budget Planner and Budget Spreadsheet
03:46 - Step 2: Planning your budget by paycheck
05:53 - Breaking down a sample budget, including fixed and variable expenses
25:19 - Introducing the concept of sinking funds
29:50 - Upcoming topics in the budget series

Tired of wondering why you can't seem to get on track with your budget? It's because you don't have a proper plan for your money! Grab the Printable Budget Planner and the Paycheck Budget Spreadsheet and create a plan you can actually stick to! Visit and to get your planner and spreadsheet today.

And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes

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Save $10 on the printable planner and spreadsheet:

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