927: The Budget Mom (Kumiko Love)

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 19 August 2019

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’ve ever felt like budgeting just doesn’t work for you, my guest Kumiko Love can relate. Frustrated by traditional budgeting methods, she created her own technique to pay off almost $80,000 of debt in eight months. And this technique helped launch her business, The Budget Mom. A few years ago Kumiko was struggling to pay down her debt. As a single mom, she knew that she needed to get out of the cycle of making minimum debt payments each month, but she had tried and failed to stick to a budget numerous times. So, she created a method that she could actually stick to. She calls this her Budget by Paycheck method and as she was using it to get out of debt, she started a blog to share her journey. That blog has now turned into a business that just launched its first physical product, the Budget by Paycheck Workbook™. You can learn more about Kumiko on her website https://www.thebudgetmom.com/ and you can follow her on Instagram @thebudgetmom on Facebook @thebudgetmom Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 927, Camico Love, also known as The Budget Mom.
0:05.0	You're listening to So Money, with award-winning Money Guru Farnu Farnoosh Karabi.
0:11.0	Each day, get a 30 minute dose of financial inspiration from the world's top
0:15.0	business minds, authors, influencers, and from Farnuish herself. Looking for ways to save on
0:21.8	gas or double your double coupons?
0:24.0	Sorry, you're in the wrong place.
0:26.0	Seeking profound ways to live a richer, happier life.
0:29.0	Welcome to So Money.
0:32.0	You go from spending money on things that make you happy to all of a sudden
0:37.6	spending for a higher purpose and what I mean by that is I had to identify my goals. What did I want to accomplish with my money now that I had this itty-bitty human that was completely dependent on me?
0:51.0	We're talking about our favorite topic today, budgeting.
0:55.0	I'm kidding.
0:56.0	I know it's not our favorite topic, but I trust that by the end of this interview you will be thinking
1:01.7	about budgeting in a whole new light and you will be thinking about budgeting in a whole new light and you will be
1:04.3	perhaps invigorated to start your own. We have the one and only kumiko Love
1:09.9	also known as the Budget Mom on the show today.
1:13.3	Welcome, I'm Farnish Tarabi, your host.
1:15.9	This is the So Money Podcast in case you weren't sure
1:18.9	what you were doing here, but this is a podcast
1:20.9	dedicated to improving your financial life.
1:23.1	And let's be honest, we have to be conscious of how we spend
1:28.4	and we have to pay our bills and we have to,
	...

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