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The Budget Mom

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A life you love on a budget you can afford.

Here on TBM®, I provide you with simple, easy-to-follow solutions to help you budget your money, pay off debt, save more, and crush your financial goals. But more than that, I give you the tools to start doing the things that matter most to you, on a budget that actually works!

After what feels like forever, you finally pay off your debt. You feel relief until you notice your credit score dropped. What happened – and what can you do?

Why Does Your Credit Score Drop When You Pay Off a Debt?

June 9, 2022
Credit Cards

Imagine this: After what feels like forever, you finally pay off your debt. You know… that debt. Maybe it’s credit card debt that you’ve carried around for years. Perhaps it’s the student loans you View Post

Filed Under: Tagged With: CREDIT, CREDIT CARD DEBT, CREDIT SCORE, DEBT PAYOFF

For the majority of people, having a credit card, taking out a mortgage, and managing a car payment is a normal part of life. To do that, you need a good credit score.

Why Are Credit Scores Important? Do They Actually Matter?

July 1, 2021
Credit Report & Score

There are some financial advisors out there who will tell you to cut up your credit cards and pay for everything in cash. With this approach to finances, a credit score doesn’t matter. Why? Because View Post

Filed Under: Tagged With: CREDIT, CREDIT SCORE

There’s a lot of conflicting news about credit, credit cards, and credit scores. These credit myths will cost you money. How many did you believe?

6 Credit Myths That Can Cost You Money

June 16, 2020
Credit Cards

You don’t have to look far to find conflicting information about credit reports, credit scores, credit cards, and similar topics. Unfortunately, believing the wrong credit myths could cost you in View Post

Filed Under: Tagged With: CREDIT REPORT, CREDIT SCORE

Inaccurate information on your credit score can cause negative impacts on your financial journey, especially if you are trying to get better lending terms or interest rates. Here is what you need to look for on your credit report, and how to fix any mistakes.

How to Fix a Mistake on Your Credit Report

May 20, 2020
Credit Report & Score

Everyone makes mistakes, even the credit bureaus. But if Equifax, TransUnion, or Experian put wrong information on one of your credit reports, it can be a big problem. Credit report errors can damage View Post

Filed Under: Tagged With: CREDIT REPORT, CREDIT SCORE

Worried you’ll have to go into debt to build credit? I have great news. Check out four strategies you can use to build credit without taking on new debt.

How to Build Credit Without Going Into Debt

May 5, 2020
Credit Report & Score

How do you build credit or improve your credit score without debt? It's a question that I got a lot after I became debt free at the end of 2018. After paying off over $77,000 of debt, I made the View Post

Filed Under: Tagged With: CREDIT REPORT, CREDIT SCORE

A bad credit score is one that costs you money or opportunities. Learn how to improve your credit score in 5 easy steps!

How to Improve Your Bad Credit Score

November 13, 2019
Credit Report & Score

Editorial Disclosure

Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed or approved by any of these entities.

If you know anything about my story, you know I changed my whole approach to money and budgeting so I could be free from debt. And while becoming debt-free has made my life so much better, that View Post

Filed Under: Tagged With: CREDIT REPORT, CREDIT SCORE, CREDIT UNION

User Generated Content Disclosure

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Next Page »

Hello, I'm Kumiko, but everyone just calls me Miko. Welcome to my blog, The Budget Mom. I am an Accredited Financial Counselor® , and mom to a rambunctious boy. Come along with me as I strive to live a life I love on a budget that I can afford. Read more about me.

RECENT YOUTUBE VIDEO

The Budget Mom

The Budget Mom
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.

Today, we are looking at TBM Family member Christina's information. Christina and her husband are on a debt payoff journey and feel like they are not making the progress they should be. For the first time, I am showing how to use a debt reduction calculator to show how your decisions affect your debt journey.

Trust me, if you have debt, you don't want to miss this video!

CHAPTERS:
00:00 Introduction
03:07 Why & Personal Story
06:04 Income 
07:55 Fixed Expenses
09:15 Variable Expenses
10:30 Debt
12:52 Savings Goals
14:26 Budget By Paycheck Method
21:01 Debt Payoff Scenarios & Visuals
32:28 My Recommendations

➡️ DEBT REDUCTION CALCULATOR: https://bit.ly/3ZqqiNO
➡️ HOW I TRACK MY SPENDING: https://bit.ly/3aIe89I
➡️ HOW TO USE A BUDGET CALENDAR: https://bit.ly/2IzF2Vj
➡️ FINDING YOUR WHY: https://bit.ly/3aJUryj
➡️ THE BUDGET MOM'S FINANCIAL FREEDOM STEPS: https://bit.ly/3cfJXsp
➡️ HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: https://bit.ly/2vQJaO5
➡️ HOW TO CREATE A PLAN OF ATTACK TO PAY OFF DEBT: https://bit.ly/2wDETxF

ABOUT ME

Kumiko Love is a single mom who 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. 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.

YOU CAN FIND ME AT:

📝 WEBSITE: https://www.thebudgetmom.com
📘 FACEBOOK: https://www.facebook.com/thebudgetmom/
📸 INSTAGRAM: https://www.instagram.com/thebudgetmom/
📌 PINTEREST: https://www.pinterest.com/thebudgetmom/

GET STARTED

➡️Start Here: https://www.thebudgetmom.com/start-here/
➡️Courses: https://courses.thebudgetmom.com/
➡️Free Resources: https://bit.ly/2PDmTHz
➡️GET 10% OFF my popular Budget-by-Paycheck Workbook - Coupon Code TBMYOUTUBE https://bit.ly/3FEdZFp

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