Episode 035: How to Budget When You Live Paycheck to Paycheck

This post may contain affiliate links or links from our sponsors. Read our disclosure policy here.


On the show today:

My Guest on the Show…

Today my guest on the show is actually me!

I was recently featured on PT Money’s Masters of Money Podcast. After listening to it, I called up PT and asked him if I could share the episode on the Money Peach Podcast….and he was nice enough to say yes!

Inside this episode we talk about budgeting cash flow planning and how to get started when you don’t know where to start AND you’re living paycheck to paycheck.

Inside the episode we talk about:

  • Hitting rock bottom financially (our story)
  • The one thing which is still hard for me today in terms of money
  • The spender vs the saver in the relationship
  • The Promise Project
  • My thoughts on refinancing and a strategy to pay off the mortgage
  • Goals for retirement (not wishes)
  • Breaking down the budget and exactly how it all comes together
  • And more…

Now, I have a few questions for you all…

What are some of your questions you would like answered on the show? Simply leave a comment at the bottom and let me know or you can contact me here and ask anonymously.

Are you enjoying the podcast? If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!

The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

Mentioned in this Episode

Our Rock Bottom Moment

The Money Peach Budget

When to Refinance the Mortgage

Awesome Money Course


Show Notes

[02:55]The one thing Chris does that’s led to the biggest financial success – paying attention and budgeting.

[05:55] – The simple services and tools he uses to budget and manage his money.

[09:15] – Getting started with a “cash flow plan”. What to do if you don’t consider yourself a budget person.

[14:15] – Hitting rock-bottom ($52k in debt) and deciding to become a master of his money.

[17:50] – Some of the resources Chris used to fix his finances.

[19:18] – The one thing that’s still tough for Chris to do with his money.

[19:40] – Who’s the spender and who’s the saver in the relationship with his wife.

[21:45] – The promise project. How Chris stays on the same page with his wife.

[23:40] – How they paid off $52k in debt in seven months!

[30:13] – More details about how the budget works and how it’s evolved.

[33:00] – More on the tools and strategies used to manage the money and pay down the debt.

[35:00] – Chris’s home purchase, refinance decision, and strategy to pay off the mortgage.

[38:55] – The decision to pay off debt and not use credit cards vs invest and use debt as leverage more.

[42:10] – Goals for retirement and real estate while paying off the mortgage.

[45:05] – Looking back on the journey.


Subscribe via iTunes      Subscribe via Stitcher


Leave a Comment

Your email address will not be published. Required fields are marked *

Create the Perfect MONTHLY BUDGET with The Cash Flow Formula

Does it feel like there isn’t enough money at the end of the month? The Cash Flow Formula allows you to SAVE money, SAVE time and PAY OFF DEBT!


Scroll to Top