The Money Mindset Podcast

#175 BBMU You Don't Need a Monthly Budget

August 24th, 2023

Are you tired of the traditional monthly budgeting approach? Learn why planning your budget by paycheck can significantly impact your financial management.

In this episode of the Money Mindset Podcast, we're diving into the transformative concept of budgeting by paycheck. Join us as we discuss why an overall monthly budget might not be the most effective method for everyone. Discover the magic of planning your budget around your income cycles and learn how this approach can lead to better financial control, increased savings, and more intentional spending.

Whether you get paid weekly, biweekly, or monthly, this episode will provide you with practical insights on how to align your budget with your income and set yourself up for financial success.

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.

“So you need to make a plan for when money comes in. So your paychecks, if you get a bonus, your tax return, if you are getting, a settlement, insurance money, if you're selling something big, like you know all the things where you have like a chunk of extra money coming in, you need to do a budget for it because if you don't, you'll end up spending the money on something you didn't intend for it to go to, right? And that's just what happens. And so when we're intentional with where we want our money to go, that's when things start to come together. That's when you start to pay off debt and you actually start to save money, right? Your money ends up going where you want it to go when you make a plan for it, that's realistic and that you can actually stick to.”
- Ashley Patrick

01:18 - Introduction
02:47 - Information and how to get the 2024 Budget Planner
06:18 - The topic for today's episode
07:28 - Explanation of the concept of budgeting by paycheck
09:22 - Importance of creating a plan for every paycheck
17:50 - Member's example of her paycheck budgeting approach
27:36 - Detailed explanation of calendar Examples and Paycheck Budgets
29:34 - Celebrating financial wins

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 2024 Budget Planner and create a plan you can actually stick to! Go to to get your planner 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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