How to Stop Living Paycheck-to-Paycheck with an Automated Money System

 You have your bills account. All of your income’s. Coming into their right. And it’s paying all your bills automatically. You have based on your budget. Transfers going out for your individual spending, whether it’s personal spending, whether it’s. The groceries, whether it’s restaurant, whatever it is and transfers going from the bills to your savings. Automatically everything can happen automatically.

And then guess what? You can’t mess it up. And. You don’t have to stress

 This awesome person asked this awesome question and our awesome Facebook group. And. And now you’re awesome. Awesome are going to get to hear the answer because. Because you probably think it too. In fact, we had We had aired a. Coaching call live coaching calls. They had the same problem.

So we’re going to talk about this paradigm. Paradigm shift of paycheck to paycheck. I’m going from that to the way that we. Teach and explain it in depth today.

So we actually have a lot of people that. I struggle with this. It is a huge mindset shift on how to go from. Assigning certain bills to certain paychecks versus pulling all your money together. And seeing it as a whole, so she’s not alone.

 All right. So on. Our Facebook group, we had our wonderful friend April.

She said, okay. On today’s podcast. Y’all mentioned something about the consistency of budgets. And paychecks and something about having a, these bills go. With these paychecks mentality. This is a paradigm shift for me and I’m trying. Trying to wrap my brain around this. Did I hear that right? That was your question.

Yes, you. I did hear that. Right. So, you know, one thing that we say. Well, I think what maybe she was referring to, as we say, you. You should have your money. Shouldn’t feel like a rollercoaster ride. Your paycheck shouldn’t feel like a rollercoaster. Like we. We do want it to feel consistent. Like it’s sort of the same, every paycheck, which is. Crazy to think about because with most of you, when you come in, you’re. Literally waiting for that paycheck to drop because it’s it’s art.

It’s got to do this, this and this and this. Because you’re backed up from the last paycheck. Right? And then the next paycheck you might get to eat. Because you might have enough money leftover to go get groceries. Right. And so you’re just operating in this. Literally like a rollercoaster and we don’t want that for you now. We. I have clients who still get confused about using the last month’s paycheck for. For the upcoming months bills. Because they’re saying, you know, I had a brand. New client. She said oh, well, my first paycheck in November is November six and I was like, Well, you CA how do you pay the mortgage?

And they’re always behind. That’s the whole idea is you’re using these paychecks and you’re assigning certain things to them. And you’re already behind because like Shannon said, you’re trying to pay for things that came in before. Before, and you’re just, you’re never going to catch up. So the idea of trying to. Pool all your money together to be able to see it as a whole invent, assign all. All of your money, a job.

It is hard and it’s a, it’s a hard cycle to break it. At the beginning, but the freedom that comes from it that we’ve seen with our clients. Is literally priceless. Yeah. So what is, so what’s the difference? So you are. Are thinking my rent is due on the 15th. I get paid on the 14th. That’s what I’ll pay my rent with.

What we want you to do instead is you start by just putting it. Put it all the money on one piece of paper, right? Just your just ID ideating. About it right. Brainstorming. Maybe you can say, and if I have all. Any in this month and all of everything else that goes on with my money at a months. Bird’s eye view, what would be possible? We. So that’s the first step. Then the next step is to get to that point.

We understand. And that depending on the time of month and the cycle that you’re on, then it might take a minute. To really, truly be able to live that way, but that is the goal. The goal is. Is it. And she’s specifically mostly talking about the bills. The goal is we are. Depositing a certain amount of money into the Bill’s account.

Every paycheck that. Cover’s bills whenever they come. That, whether they’re coming today, tomorrow, two weeks from now, we. We know that we’re always putting enough money in the Bill’s account and it’s going to pay the bills for us. All by itself without us having to do anything. And without us having to stress about what they. Of the week. W anything’s happening, right. Well, and I love how you broke it down.

And you said, listen, The first thing is to just see what’s possible. Don’t worry about. About how, how you’re going to do it yet. Just want to show you the possibility because. W what we’ve seen is usually at the beginning of the month is when more bills come out or the. You know, rent or mortgage and things.

So there’s less money, quote, unquote, to get groceries. So when people start this system at the beginning of the month, they seem. Seam it’s harder. It’s tighter. They don’t understand how they can do it because. Because there is no money leftover. However, the second half of the month is where that. Buffer starts to build for the upcoming month the next time.

So we’re. If you can just get there. Yeah, just get to, yes. When you start the. The system, wherever you start at some point, it’s going to be tight because we have to get there. But once. You do once you can say, okay, I am going to, so for instance, Instance, let’s say you want a hundred dollars in pocket money, but listen, you’re starting this system.

And. And you know that you can’t do that. So we’re pulling out 20 bucks. That’s all you get right now until. Everything gets going, but we understand that you’re so bogged down. With what bills are pulled from what paychecks now that when they do come in, it’s hard. Hard to see the possibility of having extra money, because what we w what do we normally see?

Shannon? It’s like I can buy groceries on the 15th. Because I have to pay mortgage at the first. Right. Yeah. So we want to get you out of that cycle. Yeah. And that, that, that is the bad cycle. Well, the virtuous cycle is you. Every paycheck. You, you don’t. You’re not even looking at the belts. You’re just putting money in the Bill’s account.

Cause it’s paying itself. Every paycheck you get. Money for groceries. Every paycheck you get money for pocket money, you get money for everything that you need. Every paycheck so that you you’re on this nice rhythm, right. That I’m always. Getting money. I’m not, I’m not in lack. I’m not, I’m not, you know, feasting. Because our FA FA family. My family because of the time I’m at that is so. Okay.

But tobacco, the bird’s eye view we said is put. It all on paper first. Okay. That’s what you need to do. And the way that. This page, this whole paycheck to paycheck, to not paycheck to paycheck life. There’s several steps. The first one is to set up this bills account, right? So all of your money. All of your income is going into the Bill’s account.

And you are going to write. All your bills out, and it’s going to tell you the number that you need. Okay. When we’re first setting it up, we either are going to put in a buffer too. So, like Vanessa said, maybe you have, maybe you do have the second. Half of the month has so many more bills in the first half.

And so then we are going. To be ahead of that way, but it’s the other way around. So the first that your. The first page texts are not We’re not enough to cover everything, right? If you. I can put in a buffer if you have, you know, a lot of times, if they have savings that they don’t. Necessarily have anything earmarked for, we can put that buffer in there and get you rolling.

Cause really. What you need, guys, you need whatever that full bills number that you pay every. A month. That’s what you need. Best case scenario, if you can. That’s what. You needed your bills account. The other thing that we also another step in. This system is like Vanessa mentioned to be a paycheck ahead.

So if we. If we got you right now. We are recording this October 25th, we would be. Looking at today’s paycheck as your first paycheck in November. Yep. And. What we would. It would be. We would be ahead. And then, right. So if you can think about, you don’t necessarily need a buffer because now. Now you’re you’re a week ahead.

So you have money sitting in there way ahead. And then your second paycheck will be coming in on November 8th. Well, most of your bills. For the most part are probably going to be after. In that second part of the month. And you’ve already funded it with two paychecks. So putting it a paycheck ahead. It helps you build that buffer.

It really kind of eliminates some of the need for the buffer, but what. What you need is in that Bill’s account, the amount of money that. Is going to be needed for the bills and. Eventually, you’re just, you’re going to be in a cycle. You don’t have to worry in the very beginning. Yes. You’re going to look at what dates what’s happening. And make sure that there’s enough in there to get the system rolling, but then you’re going. To be a Patriot ahead and it won’t matter.

Right. So you’ll you, you will get a paycheck ahead. So when we have our clients in there, like I just can’t do that. I’m like, based on your paychecks. And how it happens. It will happen. We just have to get there. So it may be tight at the beginning. For you to be able to see the vision and understand how this works.

However, stick with. Okay. Like Shayna said, you’re going to still transfer money out to groceries. to pocket money to gas or whatever. Every single paycheck, because you need that. It may not be as much as you want at the beginning and you may have to go freeze your. Diving right into your pantry and make some home cooked meals.

And so you can get. The right amount of money that you want until we can get to the point where there is a buffer, but once. Once there, once you hit that second part of the month, where there are not a lot of. Bill’s to do. You’re still only going to pull out what you need. Not cause usually. What happens is people don’t spend money one half of the month and the next half they blow it all. Right. Because now they have money and then they’re tight again.

So that second half, when there is a buffer. Offer or there is more money. You’re not going to blow it this time. Right. This time, you’re only going to take. Out what you need that automatically builds the buffer that you need for the. Upcoming month. Yeah. And so getting ahead is key, but if you think about your budget in. The way that we teach it, you have your income. And then you have all your bills, which is your debt payments.

And. Your bills that you pay. That number leftover after you. Income minus bills and debt. That’s your spending and your savings. It all has. Has to add up, right? It’s all gonna add up to, well, it’s all gonna, you know, slowly detract. Back to zero, but what you’re going to do is say I have this much suspend. And that is going to be coming to you automatically.

So you’re not even, we have. Clients that don’t even know when payday was like, they’re not, they’re not tracking that anymore. Because they just know every other Friday I get paid or every Friday I get money. Am I. Spending, and that’s really all I’m looking at because the bills are paying themselves and the numbers. Are the numbers.

So if you can just look at all of your money. In a months version and allow yourself that little bit of buffer to get ahead on the bills. Account then you don’t have to assign, you don’t have to worry about that anymore. And we have a lot of clients that don’t even look at the actual budget.

All they do is look at the paycheck plan, but. That our system makes for them that automatically does it, or they make it themselves because. They know if they transfer this money out, only that money out then everything. What else is going to happen because everything is sitting in their bills and all their bills are coming out, being paid automatically. And all the transfers are happening automatically to their spending in gas and groceries. And they literally they’re done.

They don’t have to do anything else. So I have clients for years. Years. And they’re like, what does the paycheck plan say? I’m like, when was the last time you actually looked at your budget? Hit. And they’re like, oh, only when we have meetings and I’m like, oh, because that’s. They know that all they have to do is follow the plan. Yeah.

And when you were. We’re talking about going freezer diving or pantry diving or whatever. I was thinking. If you knew that you could just pause, spending. For a minute. And just, and just hold tight. To have all of. Your bills be on auto pay to be a ma a paycheck ahead to know you always have money. And. You have this consistent. Nice and easy budget. It would be worth it.

Like you can do a hard thing for a couple of weeks of. No spending or whatever it’s going to take. Eating rice. No, I’m just kidding. I was just going to say, I really think that the most they would need is just two weeks, two weeks of restraint. Yeah. To cut it back until they’re given the spending money amount that they want.

Right. And, and, and so just, just, just put it all on paper and then. Th these bells going with these paycheck does not have to be your life anymore. You. Do not have to be racing to the next paycheck and hoping that you are going. To make it because you will, it’ll be on autopilot. So again, just to review because. We’ve only said this a million times, but a lot of you are new, which is perfect.

And we’re so happy to have you. You don’t need another budget. You need this system. And this is the system. You have your bills account. All of your income’s. Coming into their right. And it’s paying all your bills automatically. You have based on your budget. Transfers going out for your individual spending, whether it’s personal spending, whether it’s. The groceries, whether it’s restaurant, whatever it is and transfers going from the bills to your savings. Automatically everything can happen automatically.

And then guess what? You can’t mess it up. And. You don’t have to stress you. You ain’t touching it literally. You don’t have to stress how many times. Times do we have to tell clients don’t even look at it. Don’t even go. Just. Because they’re they want, they want to be anxious. They’re used to having to. Be anxious and be like, Ooh, I’m like, no, it’s all going to run. Yeah. We’ll be fine.

I love when I have a client that’s like, oh, there’s $200 on my bills and kind of freaking out. And I’m like, oh, Okay, but you only have one more bill left to come out and it’s 50 bucks. Yeah. So. You’re actually over, you don’t need the money in there, like do, and that’s the idea it’s like getting. Getting him to the point where. They can take a breath and they can go, oh, That what’s coming out of.

My Bill’s account is what I’m telling it to come out and that’s it. There’s no other. Other random things happening, right? Cause we’ve separated our spending, which is the key. Guys, separate your bills, separate your spending, all of that. Having this automatic transfers. It’s going to be a game changer.

It is. So we hope that that helped you. It is a paradigm shift. It is different. And we want you to be different because we want you to be Like part of the 20%, that’s not stressed about money. Yes. And if you didn’t hear before, again, You don’t need just a budget guys. You need a budget system and that’s what we’re trying to teach you. Yeah.

And so you can go to budgetbesties.com/budget and check out our budget. I don’t know. If you’ve heard, we have one and it’s really pretty amazing. It’s kind of amazing. Has check boxes. Okay. We love you.