💡Your Mojo Number💡

Do you ever feel like budgeting is just too restrictive? Like every time you try to follow a strict plan, something unexpected comes up, and you’re back at square one?

That’s where the Mojo Number comes in! Instead of tracking every dollar, the Mojo Number gives you a simple weekly amount to spend freely—without wrecking your finances. It’s the perfect balance between financial control and guilt-free spending.

Ready to take the stress out of budgeting? Let’s dive in!

What is the Mojo Number? 🤔

The Mojo Number is the amount of money you can spend each week on anything you want—without guilt.

It’s calculated as:

🔹 Total Monthly Income – (Fixed Expenses + Savings + Investing) ÷ 4 = Your Weekly Mojo Number

Unlike traditional budgets that track every category, this system simplifies spending so you always know how much you can use for:
✅ Groceries
✅ Dining out
✅ Fun money (hobbies, entertainment, shopping)
✅ Anything else that isn’t a fixed bill

💡 The goal? Spend within your Mojo Number each week, and you’ll stay on track without micromanaging every purchase.

👉 Need a step-by-step guide to budgeting smarter? Read How to Break Free from the Paycheck-to-Paycheck Cycle for more strategies!

How to Calculate Your Mojo Number 💰

Figuring out your Mojo Number is easy. Follow these steps:

Step 1: Add Up Your Monthly Income

Include all income sources, like paychecks, side hustles, rental income, etc.

Step 2: Subtract Fixed Expenses

These are the bills you must pay every month:
✔️ Rent/mortgage
✔️ Utilities
✔️ Car payment
✔️ Insurance
✔️ Debt payments

💡 Not sure what counts as a fixed expense? Learn how to categorize your budget in The Biggest Budgeting Mistakes (and How to Fix Them).

Step 3: Subtract Savings & Investing Goals

Before spending, pay yourself first! Allocate money for:
✔️ Emergency fund
✔️ Retirement accounts (401k, Roth IRA, brokerage)
✔️ Big financial goals (home down payment, vacations, etc.)

💡 Need help setting up financial goals? Check out How to Set Financial Goals That Stick.

Step 4: Divide the Remaining Amount by 4

This final number is your weekly Mojo Number—the amount you can spend freely without guilt.

Why the Mojo Number Works So Well ✅

💡 1. It removes guilt from spending.
If you stay within your Mojo Number, you’re in control! No more guessing if you can afford that coffee or night out.

💡 2. It prevents overspending.
Knowing your weekly limit keeps you from blowing your entire paycheck in the first week of the month.

💡 3. It allows for flexibility.
One week you might spend more on groceries, another week more on entertainment. The system adjusts without breaking your budget.

💡 4. It makes budgeting SIMPLE.
No need to track every purchase or manage 15 spending categories. Just check your Mojo Number balance and spend within it.

How to Stick to Your Mojo Number 🎯

Here are some easy ways to stay on track:

🔹 Use a separate checking account – Transfer your Mojo Number into a separate account each week so you don’t mix it with bill money.
🔹 Withdraw cash if needed – Some people do better when they use cash to keep spending visible.
🔹 Track it in a budgeting app – If you prefer digital tracking, apps like Moola Masters or YNAB can help.

💡 Want a full breakdown of budgeting tools? Check out Best Budgeting Strategies for Financial Success.

What If You Overspend Your Mojo Number? 😬

It happens! If you go over one week, here’s how to course-correct:

🔸 Spend less the next week to make up for it.
🔸 Check for areas to cut back (subscriptions, dining out, etc.).
🔸 Adjust your spending plan if necessary—but don’t dip into savings!

👉 Want to learn how to reset your finances fast? Read How to Recover from a Financial Setback.

Final Thoughts: Take the Stress Out of Spending! 🎉

The Mojo Number is a game-changer if you struggle with budgeting. It allows you to:
✔️ Spend guilt-free
✔️ Avoid overspending
✔️ Stick to your financial goals
✔️ Keep budgeting simple

Want a deeper dive into financial freedom? Join the Money Mastery Bootcamp for expert coaching and a supportive community! 🚀