Where Is My Money Going? Real Budget Coaching + Fixes That Work | 512

22:24Okay. Babs, if the budget is too small to read, sorry, I got distracted. You guys got me distracted. I'm sorry, but just make it go to the percentage here. Look, this is, we do this all the time. Boom, baby. Just make it. And as big as you want. Yeah. As big as you want. And then, and I just want to answer this real quick because Susan asked are all and we did. This is a new concept. We get it. But yes, all of these accounts are all of these are different accounts. Miscellaneous not I don't even know what that is. We're going to talk about that. But gas and groceries, that would be one account dining out is an account.

22:55Maybe if her kid has one, it's an account she should have spending here. That's actually what miscellaneous probably is. Those are all separate accounts as are her annual bills, medical holidays and glam up. Those are all going to be and so what we're doing for her is we're saying we're going to start saving in case we have to go back to the ER in case we have deductibles, copays, prescriptions, because that's one of the line items we saw on her budget. The same for the holidays. She had Christmas and Thanksgiving. She had that spinning in the moment, which is fine. That's where you start. But we want to start if we can, now that it's January, can we start a holiday savings bucket and just start putting that money over here according to your budget?

23:27And she has Costco there. So technically that would also be with gas and groceries if that's what she's getting in there is is household items and grocery items yeah so yeah the way I do my budget is like I put open lines in between every account so that way I can see it this one again we were just trying to copy and paste and go this is what they have this is how we would transfer it over and this is how it looked like on our budget and then the other thing I did want to say is Kiko's hair so theoretically Kiko's hair is more than once a year so whatever that amount you would go in we don't have it shown up here but in our savings bucket planner that's part of this, go in there and say how many times you go to a year.

24:02And it's going to tell you how to break it out. Theoretically 40 bucks a month. If they put that aside, then anytime she needs to go get her hair done, they'll have the money there for it. Yeah. Okay. Let's see what else you guys, what happened? Okay. Okay. This was a fun time. This was a fun time. First of all, it's not bad, but it is though. If you zoom in, you guys, yeah, we've got words like, what does it say? I can't see it. I don't remember. Babs, what would we just say? I'm going to zoom in. It was like set bills. Do you remember what it said? Static bills. There's like spending in the middle of savings.

24:39Like it's all. Oh, and then they have an actual budget, like a bottom line, baseline budget is what she said. And then she has what she actually does in the moment. So now you're having to do two budgets. Basically you're writing a budget for January and then you're computing the actuals in the month, which is again, you don't need to do twice. Yep. Andrea, can you confirm for us all bills should be its own checking account correct real quick yeah we're going to go back to that picture yesterday if i could go to it quickly i would but i can't sorry i love you all the money all of your income goes into the bills account the bills account stays there it's paying all your bills automatically you have transfers going into your spending accounts and your savings accounts according to the budget according to the paycheck plan every two weeks or every one every week whatever you have set up according to what you want That's how it works.

25:23And yes, all of these categories are separate accounts. And you get to decide what those categories are. We're not saying you have to have a gas and groceries account. You can absolutely have a gas and you can absolutely have a groceries. It all depends on what you want and what works for your lifestyle. And that's the freedom of our budget. It is not cookie cutter. It's based around what fits you best. All right. So we're going to hop over. Janet, are you here? Are you here? We have your budget. We're doing it. All right. So Janet's doing a great job. She's got income. The Venmo. So Venmo is listed as a negative thing on her budget where if you make money, then that goes into your income from Venmo.

25:58If you're selling stuff, if you're selling clothes or whatever, and you make money, you need to get that out of your Venmo balance or your PayPal balance or your cash app balance, everything, and transfer it into your bills account so you account for it on your budget. Yes. Yep. Do both debt payments and bills come from the same checking account? Yep. Same bills account. Okay. All right. So let's move on for Janet. She's got some debts. So they have a couple of cars, a couple bank credit cards. Those are, that's what those are called. All right. So we put them in there for her. And this is also guys, this is why we love to build it this way because you can see where your money's going.

26:33Like at a bird's eye view. Okay. I make, we make great money. $12 ,000 a month. Gosh, 20, whoopsies,$2 ,500 of it goes to debt every month. And that's without, hopefully they paid this off or maybe they don't have a payment this month. Not sure. That's eyeopening to see. Yeah. Okay. And then we go to bills. and some of you have very few bills. Some of you try to get every line filled out and it's a game that you want to win and we love that for you. But now you can see, okay, I am paying$5 ,200 in bills and I think one of Janet's kind of questions is like, where's all my money going? At this point, before you've bought groceries, before you've saved for anything, we've got$4 ,000 left.

27:11Yeah, so they have a decent amount of bills, Shana, but they do have a good amount of money left. So it looks like, yes, they have a lot of things listed there, but they're doing a lot with it. And listen, Shana just highlighted all of their subscriptions. So she had her subscriptions listed separately. And I know you guys have told us, or you've heard us say, maybe list those all together in your budget. So you can look at them all at once and go, am I using this? Do I have time to sit there and use these? Or how many of these have I been paying for the last two or three years that nobody's even logged into?

27:41We forgot the passwords. Erin just said filling out this budget this morning was eye-opening. And that's exactly why we want it to be laid out this way, to do the math in the moment, for you to do it all on one page, because it is eye-opening. All of those other budgets, they don't really know what's going on. They're going by paycheck. They're going down to the last dollar. You can't really see what's happening or what you want to have happen in those other budgets. That's why we have done it this way. Okay. Spending is next up for Janet, our friend Janet. Okay. Katie said, can you add more lines in the budget?

28:15Please do not. You will mess up all the formulas in the background. We added 10 lines. We, that is, we've been doing this for 10 years. That's usually always been sufficient for us. If you have things like you're always getting a phone reimbursement or you're getting some type of reimbursements from your work, you can, if you're, if it's once a month or if it's twice a month, you can bundle those, but you should be able to figure out a way to make that work on a consistent basis. Yeah. And even if you have to put your, yeah, combine some paychecks, combine child support, you can do that. All right.

28:44So here is, sorry about that. Katie, we're really excited. You have so much income. Let's all just do a round of applause. Yeah. That's a good problem to have. We just, we can't particularly solve it in this particular moment. Okay. Here's the fun spending. She had miscellaneous. But she also has dining out. Yeah. But what's miscellaneous, you guys, which what's missing from this is she has no spending money. And so we're just saying miscellaneous because we have no spending money partially. She also had line items, you guys, specifically for prescriptions and doctor fee or something. I can't remember.

29:16And so in that instance, when we're talking about accounts, we would, if you know those are happening every month, make a medical checking account so that you always have money in there. You don't have to go to the doctor and be like, I don't know how I'm going to pay for this. You don't have to wait for them to bill you. And then 18 months later, you're not really sure where this bill came from. Like you can just pay in the moment because you have your medical spending account. And again, we're talking about categories, right? So we don't need to necessarily say, I have to do every single one of these things this month.

29:41You just need to make sure you have enough money in the medical account to be able to cover all that. It's like I told my new client, I was like, listen, you get$2 ,000 a month to spend in all your categories. Have a good time. Like all of that is out of your bills account. Go spend it freely in those categories. and you're not going to get it right the first couple of months. You're going to mess it up because you don't, this is the first time you've ever done it. Eventually you will get really good at putting the right amount of money. And I love how she has medical in checking or as a, in spending Shaina, because she knows that she needs a checking account for that.

30:09Oh, we're telling, yeah, we're telling her to do that. Was it, was it in, did she have it in savings? It just, she just had it line on it. I don't know. But we're, yeah. If you are spending your money frequently, make it a checking account and get that debit card. It makes it so much easier. Yep. Okay. So then what, then she's saving some money. look over here. So here's an interesting thing in her budget. Let's see if we can see it. Over here, she has some savings buckets and there's zero, zero, zero, zero, zero, which can happen, right? But we also have miscellaneous of$1 ,100. We also have some of these, we have a general savings of 600 that we're not sure.

30:42So what we want to do, so this is what it looks like, but what we're going to change it to is we're going to take that miscellaneous spending off. Now we're going to give you spending on money on purpose. We're going to move money over there on purpose. That's where you need to live. Done. Don't do anything else. Here, we're going to actually fund the things that you're putting in your budget. Let's do it on purpose. Let's say we want to put a hundred dollars in annual bills because she's saving for insurance or auto tabs. We want to be able to have money because the miscellaneous is the birthdays that we forgot were coming up or she had pool stuff.

31:10So we're going to start setting aside stuff for the household. Yeah. And listen, she still has$500 left over. Look at that. So after all of this, after us giving them spending money and saying, okay, no, we're going to be very specific on what your categories are and not just lump it together and then just swipe the card and go, I don't really know what, where this is supposed to come from, but I'm going to put it under miscellaneous. No, we're going to say it's on purpose. And she still has, like I said, 500 that she could put on debt or if paying off debt, isn't really her goal. Cause sometimes people come to us and they say, listen, I'm fine where I'm at with my debt.

31:39I just want to build my savings buckets. Great. Then she can take that 500. She can make more savings buckets or she could beef up the ones that we listed out here for her. Yeah, absolutely. And then Val, Valene asked the question about should you have a separate account for the medical? So they are, I'm guessing, because they're both on social security, they're retired. And sometimes that just comes that time of life comes with more doctor's visits. So it makes a lot of sense for them to have a medical checking account. We have medical savings accounts because we don't go to the doctor a lot.

32:08We it's just four times a year. So it's going to be a little different. It just depends on how you use your money. If you're using the money that you're setting aside every month, it's going to be a spending account. If you're not, it's going to be a savings account. Now, the other caveat to that is I have a lot of clients that have, maybe they go to therapy. So every single week they have a weekly therapy bill that they know is consistent. It's reoccurring. We put that in their bills. They have the account on file. They charge it every single week. And so that is not considered spending in my, one of my clients budget.

32:33It is considered a bill. Yeah. Okay. So just to reiterate here, what we're going to do now is, so her question, you guys, by the way, is how to find where the money is going. It seems so close. Let's start putting money in places on purpose. So when you're doing it retroactively, you're like, I don't know where it went. If you set that budget up and you say, this is where I'm putting$400 for Christmas every month. I'm putting a hundred dollars for medical and you're telling your money where to go. You're setting it up to go automatically. You know where your money's going. Yeah. Congratulations.

33:02That miscellaneous category is really going to mess you up. That's where you're not sure what's happening with your money because you're categorizing it. So it's so general that you're putting everything in there. So you're feeling like you're dumping it all in there. And then you're still, we're back to square one of not organizing our money, not separating it and not knowing what's happening. All right. So let's take a look behind the scenes. So you guys, most of you already have the budget. Raise your hand in the chat. If you have the budget already, I said most of you, and that could be incorrect.

33:29I could be totally wrong. Let's see. I have it, Molly. 80 people in here already. Okay. Perfect. Yeah. Good job. You guys, you already have it, but real quick for those of you that don't have it, we want to take a look behind the scenes, Vanessa. Is that what we want to do? Yep. That's the, yep. This is the budget. So we're just looking at the budget here. I'm just going to show you what we, the actual system. Yeah. So we have, first of all, you have this budget and somebody emailed us the other day. It says, I'm a little overwhelmed. We get it. You only have to start with the actual budget. Just saw, which is very clear and very, hopefully pretty simple, but to help you take this to the next level, we have two bonuses that come right in it, right?

34:12Yeah. So we just added, we have three bonuses now and that's why the price is going up Monday guys. And so you want to, if you want to get it, you want to get it now, but listen, so these bonuses that we added, we have the budget system series, and then we have budget or money and budgeting one-on-one. The series is our steps. It's our exact system, our steps one through eight. And it talks about from dreaming again to being bougie in a budget, everything in between setting up your budget, your bills, account, spending, savings, automations, like all of it. It is step-by-step. It's a video of us talking about how to go through that.

34:39That is a bonus in your horse. Yep. And yeah. And then the money one-on-one is all of our rolling. It's our systems that we originally came up with at the very beginning of our business. And they're still very relevant. Okay. We have one at the end that's happily ever after when and how to invest and retire. We talk deeper about savings buckets and all of that. So they're all really good. And we put those directly right in your budget for you. Yeah. And just real quick, you guys have seen us go through the budget every throughout the throughout our lives, right? So throughout this whole bootcamp.

35:10So just so you know, we have an asset tracker. We have a debt tracker. We show you the three different ways. Once you enter in all the numbers on your debt tracker, each the debt snowball, the debt avalanche debt minimums, all of those will populate for you and show you how it would work if you pay them off that way. Yep. And then we have the savings buckets. Listen, this is where you go in and you plan your year. This isn't for monthly things. Anything that's monthly goes in your monthly budget. All the one-off expenses, all the unexpected expenses that happen throughout the year, this is where you're going to go and fill those in on the savings bucket.

35:38We also have a Christmas planner because listen, Christmas is also a savings bucket. The reason why it's not in the savings bucket tab is because it's so big and it's two or three months long that it gets its own tab because it's all very, there's a lot going on with Christmas. Yeah. Okay. There's notes because there's always notes. And then we also have, we also have lots. We also have your budget, which populates you guys. So when you fill out January, if it populates the rest of the year, and then all you have to do is go in each month and kind of tweak and see what's a little different each month that you want to do.

36:06And then we also have, as we have the paycheck plan, which tells you when you have those different accounts that we're telling you and the bills, the monies and the bills that's being transferred out, this tells you exactly which automatic transfers to set up automatically. It tells you, it doesn't matter for you. Yep. All right. So the budget and the paycheck plan are probably the meat, the bread and butter of the entire thing, right? It's the meat and the potatoes. If you don't do anything else, you don't use any other tab in the entire system. Totally fine. Use the monthly budget, use the paycheck plan.

36:31It's really going to help everything else over here. We have a debt-free budget for you to look at. You can compare budgets month to month. You can look at your results and see where you've gone throughout the year. Financial snapshot gives you your net worth. There's so many options here. Yeah. But again, it's not, I'm sorry. I was just going to say, I know it may be a lot. We're totally over-delivering on purpose, but you don't have to use it. Yeah. Yeah. The budget, you'll do so well. The other stuff is when you feel really comfortable. All right. So here's some objections. I don't have time.

36:58Okay. You don't have time not to, Vanessa. They don't have time to not budget. And honestly, this is going to save you money. As you all are seeing, or save you time, once you get this set up, once you start using the automatic transfers, start getting your bills paid, you're going to be like, what do I do with my time? What do I do? I don't have any more anxiety. What do I do? Oh, no. It's such a good problem to have and it's going to be your problem. So one of the things I like to say is when people say, what do I do? Literally anything else. Go for a walk. Go take the kids to the park. Go on a date night with your spouse.

37:24Go to the gym. You don't have to sit there and worry about your finances and track that. I think we got an email the other night or last night somebody asking about tracking. Does this attach to your bank account so I can track all of my expenses? And those of y 'all that are super fans, what are we saying? And we're like, no, girl, release yourself from that. You don't have to track anything. That is the freedom of the way that we do our budget by category instead of line item by line item of every single transaction in your bank. All right, quickly, you need to talk to your spouse. That's fine.

37:53We get that. What we would suggest is sometimes we have the spouse will do it on their own and then model what's happening, how it's working. They'll feel really confident in their numbers because a lot of times you're not combined. And then it's a great time to combine and go together. A lot of times I just want to see things working. Yeah. Yeah. So the alternative is to keep doing what you're doing, like that paycheck. what was that paycheck budget planner? Oh man. No. Or to use apps that are forcing you to track. We had somebody tell us she gets a red, like beeping every time she like spends, even though she's, but I had, I got my prescription at Walgreens.

38:25I needed to spend it. And we don't know what's happening. Don't do that. That's not for her or just wait and just feel crummy all year until you finally do it later until enough is enough. Yeah. All right. Yeah. So the, right now the budget system that you do it yourself is right now it's$197. Somebody said in the chat, It's a lot of money. It may be, but it is an investment into your future. We also think it's like a trip to Target for some of you. We don't go to Target for that reason because we will spend that much money. Switch out Target from Costco, Sam's Club, whatever. It's still, it's one trip that it's less than that that you're going to spend.

38:59And it's an investment for the rest of your life. It's not like something that you're going to get for six months or one month, and then you're never going to get it again. You're going to have it forever. And yeah, monthly group coaching is included. We have Michelle. She's in here. you have your once a month, you get to meet with her. You also have the free office hours weekly that you're able to sign up for and be part of. But the other part of that, Shana is a done for you program. So it's like, if you're like, listen, I love all this. I think this is great. I want somebody to do it for me.

39:23I want you to look at my specific situation and I want you to, to work with me for six months to be invested in my family. So that way I know how to do this for the rest of my life. That is private one-on-one coaching. Yep. All right. So we are going to move on and we have about 14 minutes left for your questions. You guys had a bunch of questions in there. We're also going to get to the giveaway here, but we want to get your questions because some of you did submit a budget and if we didn't go over it and you're here and you want us to look at it, we can do that right now. We can answer your specific questions about you budgeting, about you setting up the system, about buying the system, whatever questions you have, put them in the chat right now.

39:59We're here for you. Someone asked to walk through the debt tracker. Okay. I'll bring that up real quick right now.

40:09Okay. Sorry. That was our secret code. You don't know what we said. It's a mystery to you. Okay. You guys love us anyway. All right. Debt tracker. I'm going to bring it up. Now the reason that somebody did, I asked for a debt, the debt bootcamp, Vanessa. I didn't see that. We already had. Yeah. So I think we should. Okay. Debt tracker. So what was the question specifically about the debt tracker? What we want you to do is put all of your debts in here. You're going to list everything out, right? And it's going to tell you, tell you all of the information. This is how much debt you're in. This is how much you have to pay a month.

40:43Awesome. We all love that big number, right? So that's all of that together. And then as you update the current balance, different being different from the previous balance or beginning balance, like these three were paid off, which is probably the amount that it's saying is paid off right there. So it's telling you debt paid off. And then you're just saying when you start over here and you can put how much extra you want to pay and it will, that's this, that little magic is what's going to populate all of this to show you, Hey, if you do nothing else besides what you just said, you'll be out of debt next year by September.

41:13And so it just gives you a picture, a snapshot. And then that's, yeah, you really just want to update here. You're going to delete these as you pay them off. Right. And you don't have to do anything on these next three tabs, right? So the debt snowball, the avalanche debt minimum, you don't enter anything in there. it pulls based on what you enter in the debt tracker. So the name, the categories, but you have to have everything filled in. If you don't have a minimum payment, you don't have interest, you don't have a balance. It's not going to fill in. And the other thing is that extra payment on debt, like Shannon was talking about, if you do that, it's going to show you, you can say, okay, what if I do an extra a hundred or 300 or 500?

41:41That is once you change that, it'll change all the dates for you on those next three tabs. Okay. Somebody asked what about cash and thank you for trying to answer that question. Whoever did, that was really sweet right here. We know, let's say that Zane's really cool guy. he wants to get cash for his because he's a dude and he's like having money in my wallet. We're like, we hear you. And so then you're going to go to the paycheck plan here, change the cash, and you're just going to get the money out. You're still saying you're still going to have a spending amount, spending account. And then you can just go get your cash out.

42:11It's going to tell you to get your cash out over here when I pick the right month. So please hold. Which one did I just on you guys? There you go. It's on March. So it tells you. So if you use this, like Vanessa will say she has clients that don't even look at the budget once after a while they just use the paycheck plan and on payday they go through and make sure they go get their cash out whichever ones i have a lot of her cash i make sure these transfers happen i can click them off i made sure these transfers happen and then if i have one-time things i need to do i click those off you can still use cash everything is digital because that's how you're getting paid like your bills are getting paid digitally you're getting your income probably direct deposit you can still go back to using cash especially if that's what you want to do you're just going to you're going to plan like we like to say, plan to get it out in the moment.

42:54The reason you're going to have an account, Zane, or whoever it was that actually asked the question is because we don't believe you that you're going to go do it on time. Okay. We want the money there. We want it where it's supposed to be, but then you can go get the cash out. And then I have, if you're thinking about kids or something, I have clients that it goes into their account, their spending account. And they go get out the money for the kids separately because they don't want to have a specific account for the kids. And then they go put that in a wallet or an envelope or whatever. Oh, he, Janet gets paid with cash.

43:20That's what she means. Oh, go deposit your cash. You just got to put it in the bank. You still want to put it in here. So a lot of people will say, I get cash. I get half Venmo, half cash. And then they don't put the cash in the budget. And, but they only put the digital part. No, we want you to put everything. You have to see all of your money for the entire month. So I do have a client that's an esthetician and she, we put her cash chips in her budget and then she does not go take it to the bank. She just immediately puts it into her gas and groceries and spending wallets or envelopes. I keep getting that messed up.

43:48And that's what we're saying. You can do that too. This is a more complicated budget, but we could show you how that would look if we had a little bit more time. But you would just put the cash here and then you put it over here and you're just a lot. It's still the point Vanessa's making is we still want to count it for income. Like we need to plan with it just because it's cash. In your case, you're getting paid, but some people get tips or bonuses or whatever in cash. And we need to account for that in the budget. Yeah. What other questions do we got? It says after having the system for several months.

44:15It finally clicked yesterday. The bills and expenses are paid in lump sums and not multiple times per month as part of the paycheck plan. Yeah. So the paycheck plan only tracks your spending and your savings, because as long as you leave the money in, if you guys haven't had a chance to watch the videos, please watch the videos because they show you exactly how to use the tabs, especially that budget. We have a specific one in there just for the budget and for the paycheck plan, but it tells you how to, how exactly to transfer your money to your spending in your savings because everything else is staying in the bills, right?

44:46So that the paycheck plan doesn't correlate or doesn't mess with the bills account at all. Okay. We have lots of great questions here. I'll make it stop. I say it's I'm self-employed. Should I pay myself once a month to know I have enough for both pay periods? If you're self-employed, you can totally pay yourself once a month. Here's what you got to do. And we tell you this before. First, you've got to figure out, you do your personal budget, figure out what you cost in a month. Then you do your business budget, figure out what your business costs in a month, right? And then yes, you can pay yourself once into the bills account.

45:14We have people that do that. And then they still do their spending transfers weekly or biweekly, because they're like, I don't want all my spending money at one time or whatever. So you can do that. But if you have the business, and it's possible, obviously, or we do once a month, at the end of the month, Vanessa sets all of our stuff up to go for the first and she's done with the business. And then all of our personal budgets obviously happening separate, but it's one time we're done. So for sure do that. The other person, Andrea said, we pay for childcare every week through Venmo. Should that move out of the monthly bills and into its own checking account?

45:46Since we won't be able to look at the month and check it off. You can put four lines of childcare in your bills account and you're still paying it. It's still a due date. The method you're paying it Venmo is not really the thing that's determining it. It's that you're paying a bill every week and it's just, you're paying it through Venmo. So you can still put that if you want, you would put it down here four times. Yeah. We have a lot of people that pay their childcare weekly and they want to put it in weekly so that way they can check it off every single time it goes through. We have people that like their cleaning lady as well.

46:15They put those in. Yeah. However you want to do it again, it's your budget. You get to decide. Okay. And Anne said, I just purchased it. How can we both access it from our phones? I have my budget shared with my husband and his Google account and he, and that's all that's it. You just go here, right here, this little button right here. Don't. And then you're just going to, you're going to access and decide who you're going to let look at your budget. And I will say this, there's nothing, there's no identifying information on this, right? This is just numbers and like dental insurance. There's no bank account.

46:50So it's safe to share. You don't have to worry about that. There's no nothing there that you have to worry about. So let me see if we have more questions. Do we have more questions? You guys, let's see. Oh, thanks, Jen. And she said, the videos are so helpful. I'm excited for this year. We are excited for you. Just purchased. Let's go, Anastasia. Sorry that you can't get into your ThriveCart. We'll work on that. You guys don't have any more questions. You already figured it out. I had one bootcamp and they've got it all figured out. Hey, we did a good job. I know. We're done. We're done. We're all good.

47:19Oh, goodness. Okay. Do you recommend the practice of checking off bills on a monthly basis? Oh, where did it go? Sorry. Boy. So we're checking in with the budget or once we're up and running. No, we do. We would say keep looking at. I look, I still check mine off. Sometimes Chris is my husband. He's already done it and he's very rude. And I want to go in there and check something else without you. He just checks it. He just checks it all off. He is. Everybody wants to check stuff off. It's like a fun thing to do, but yeah, you want to each month just go in there. You're just, but it's not a lot.

47:49You're not, we're not asking you to over, overdo it or micromanage. You're just checking that the bill came out. That's it. Or that you did the transfer went through or whatever. So she said, I went to get it. Okay. Listen, save for it. We're all for saving for the budget and paying cash for it. If you haven't had a chance to join Michelle for office hours weekly on Wednesdays at noon central, do that. She's been awesome about helping people get a savings bucket to be able to start saving for the system. So that way you can pay cash for it. Oh, Bonnie, we saw your budget. She's asking a question.

48:18Remember we were looking at Bonnie's budget. Oh yeah. Yeah. And we were looking at that. She said, right now I'm tracking 8 ,000, 8 ,000, four times in the debt column, auto paying 8 ,000 weekly from my business account to my Capital One card. I do this because I use the, okay.

48:36You had a note when you, we were looking at that, Vanessa, if you want to look all the way down for Bonnie's comment. I also saw a message from somebody about trying to log in. Okay. What did she, oh, mine's different than yours. Where are you at? Bonnie, what'd she say? Yeah. She was the one that I could pull it up. She was the one that had the 8 ,000. Oh yeah. Cause she was, it was her business budget. Yeah. Right. I'm checking. So our whole thing would be to, you need to have a checking account. And this is exactly what we said when we were talking to each other. You didn't have a checking account.

49:06That's a capital one checking account. If you're charging everything for your business, but you want to pay it, you need to have a checking account where you're funding it. And that way all that money is just going to pay for the card, but you still have to budget for it. Right? So that's the biggest thing about wanting to charge on a card. You, the exact amount that you're charging, you need to put into a checking account that you're going to pay off, especially for businesses. So I would say that would be a good practice to do. Okay. I love, there's a lot of great comments in it here. There's a lot of great things going on.

49:38Norma said that they, their income got decreased by 15%, but they, this is the first time they had money left in the accounts. You guys, that's the point. It's really exciting because you start to be the kind of person that actually knows where your money is going. You're doing it on purpose. You feel like you're being a good steward. And you're like, we have, when we update the asset tracker. We told you, maybe we didn't, but I'm going to tell you now we do that with our clients at the beginning of each session. And then sometimes people are competing about how much money they have left in their, in their spending account.

50:06Yeah. Yeah. And so the husband and wife were like, I had more and I didn't spend, I like all of a sudden the goal is not, is like, I'm saving more money than I'm spending. And that's like automatic. You don't have to go to a class. You don't have to sign a dotted line. That just happens by nature of doing this and knowing what's going on with your money. It's like my husband, I think it was last month. He was like, why do you have twice as much in your spending account than me? And I said, because I didn't spend it. And he was laughing. It was obviously a joke. He didn't care, but it was funny.

50:30And he was like, oh yeah, because he swipes his card because he manages a grocery store, swipes his car like 10 times a day. It adds up very quickly. We love him though. He works at a grocery. So it's fair. Okay, here we go. So somebody asked, what do we do? We have this last question right quick and I want to, and this is going to be it. So what do we do if we end up spending more for groceries and gas than was budgeted. Okay. So that's when we're going to reconcile at the end of the month. So that this point you would have checked most, most of it off. Right. I have a question. So you had to have had the money in the account.

51:02If you had separate accounts and you had that money in the account, the money had to come from somewhere. So either an auto pulled from bills or an auto, like auto draft. What is that the, where it replenishes if something gets depleted? What is that called? I think it's, what is it called? Overdraft, overdraft protection. Thank you. Overdraft protection. So you guys had to have that set up. So if you overdrafted on that account, then it pulled from somewhere. So listen, you're not going to get it right. The first time you're, you need to find the right number to put in your grocery account. That gives you a little bit of a buffer that you may or may not spend every month.

51:31Yeah. I don't know what the spending buffer is, but what we do when we're, when you're starting, and this is what Vanessa and Michelle are alluding to when you're starting, you're not going to get We would do here on groceries, extra on dining out, 100. And then the next month, whatever, however much it was, the next month we would be like, okay, was that a one-time thing? Or do you feel like you need to up it? Was that just whatever? Yeah. And then we're going to up your budget or whatever, but you are going to allot for it right in your budget so that you can see it. And then we need to be making those decisions.

52:00And that's also why we like to look in the beginning at the asset tracker. If you get in here, yes, I'm sorry. If you get in here and all of these numbers are at zero or at least all of your spending and you have four days left or five days left until you get another transfer, then those numbers aren't. We have to change that. But understand it's a learning. It's a learning. We're getting there. All right. So guys, we want to drum roll. I don't know if y 'all can hear our drum roll. So we want to pick our two lucky winners who have bought the system and have shown up to the bootcamp. Okay. So I have, I don't know, my computer keeps having, we're having the best time with technology.

52:33Every time Shana does something to her computer, my computer gets really. It's my fault. I'm sorry, you guys. Okay. So here we go. It's happening to all of them. Oh, okay. Yeah. Okay. So here we go. I just put you guys in the chat. Congratulations to Bonnie. Congratulations to Linda. You guys have one coaching with us. We are so excited. And also somebody said that they were having trouble with the login Thrivecart link. I just put that in there as well so that you guys can click on that. I'm not really sure what's happening, but we are so excited. I know we ran right to the one o 'clock. Now it's one Oh one Oh one.

53:03We're so sorry. We love to talk and we love to serve. We hope that you guys had a wonderful time. Thank you guys for showing up and coming to our budget, budget, money, money, makeover bootcamp. Yes. Thank you for coming. And, and don't forget we are the price of the budget is going up. Oh, on Monday, so grab it this weekend, come to office hours with Michelle, listen to the podcast, sign up for a free call, live call, budgetbesties.com forward slash live call. Come on the podcast. We'll answer your actual questions even more. So we loved having you. We loved this whole thing. Thank you so much.

53:34You guys are the best. We love you. Happy new year. Yay. All the things. Yep.

53:43If you're tired of feeling like your finances are all over the place and you're ready for a simple set it and forget it way to budget, we have something special for you. Watch our automate your budget masterclass at budgetbestnews.com forward slash automate. We'll show you step-by-step how to finally organize your money, how to set up your accounts and put your budget on autopilot. So your bills, saving, and spending run like Hockmer. Imagine less stress, more savings, and the freedom to spend money without having to track every dollar or babysit your bank account. Go to budgetbesties.com forward slash automate to start today.