228: Finance Friday: Is “Random Spending” Ruining Your Budget?

228: Finance Friday: Is “Random Spending” Ruining Your Budget?

“Beware of little expenses; a small leak will sink a great ship.” This is the topic of today’s episode, where we interview Jenny for a Finance Friday review. Jenny is finishing up her fourth degree and has been working throughout grad school to help her family. Her husband brings in a sizable income, but he wants to retire in 2030 and spend more time with their (future) kids. Jenny has great control over her fixed expenses, but as for her variable expenses...not so much. Her family is consistently teetering between $1,000 a month and $2,400 a month in variable expenses, many of which can be resolved with some simple shopping tweaks (like leaving your credit card at home when you go to the grocery store). Luckily, they’ve invested a fair amount of their take-home pay, have a stellar 401(k) match, and are about to have dual incomes once Jenny is out of school. If you’re having trouble keeping a hold on your variable expenses, such as random Amazon shopping, tune in for this episode for advice on exactly what to do. In This Episode We Cover How to plan for retirement with two full-time incomes Paying off your home vs. investing in assets like index funds and real estate Taking advantage of 401(k) matches and maxing out retirement accounts Leveraging a future job to pay off student loans How to curtail your variable expenses and reduce “random spending” Why someone with “mortgage anxiety” should be wary of real estate investing And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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91: Debt is NOT a Death Sentence with Melanie Lockert of Dear Debt

91: Debt is NOT a Death Sentence with Melanie Lockert of Dear Debt

Melanie Lockert joins us today to share her story of student loan debt and her subsequent inability to find a job when she graduated into one of the worst job markets America had ever seen, and her sp...

23 Syys 20191h 17min

FinCon Bonus Episode: Improving Financial Education with Billy Hensley from NEFE

FinCon Bonus Episode: Improving Financial Education with Billy Hensley from NEFE

Mindy sits down with Billy Hensley from The National Endowment for Financial Education to talk about Financial Education in America, and how NEFE is working to improve student and adult access to this...

21 Syys 201921min

90: From Unplanned Pregnancy to Financially Free with Melissa from Traveling Wallet

90: From Unplanned Pregnancy to Financially Free with Melissa from Traveling Wallet

When Melissa found out she was pregnant, she was a sophomore in college. Her counselor gave her a pretty alarming statistic: a frighteningly small number of women who get pregnant in college actually ...

16 Syys 20191h 5min

89: Retire Before Mom & Dad, with Rob Berger

89: Retire Before Mom & Dad, with Rob Berger

Rob Berger grew up literally with Rich Dad, Poor Mom. While his mother almost lost her house after his parents divorced, his father was filthy rich, picking him up in a Rolls Royce for weekend visits....

9 Syys 20191h 4min

88: Consciously Choosing to be Debt Free with Ashley Likely

88: Consciously Choosing to be Debt Free with Ashley Likely

Ashley Likely grew up with parents who provided everything she needed, but not necessarily everything she wanted. They were able to pay for her housing in College, but not for much else. So (spoiler a...

2 Syys 201952min

87: How to Save Money For Your Downpayment with Scott & Mindy

87: How to Save Money For Your Downpayment with Scott & Mindy

In Episode 83, Scott and Mindy discussed how to buy your first property. And they were peppered with questions about the buying process after it came out, but the top question they got was “How do you...

26 Elo 20191h 7min

86: Choosing the Right Investment Type for Your Goals with David Stein

86: Choosing the Right Investment Type for Your Goals with David Stein

David Stein reached out to us after Erin Lowry’s Episode 81, where we talked about the basics of investing. He really liked that episode, and wanted to dive a little further into the different TYPES o...

19 Elo 20191h 10min

85: From Financial Disaster to Financially Free with Jacob Wade from I Heart Budgets

85: From Financial Disaster to Financially Free with Jacob Wade from I Heart Budgets

Jacob Wade knew nothing about money growing up. Any money he made at his mall jobs was instantly blown on mall food and silly teenage expenses. His father passed away when he was 4, leaving him an inh...

12 Elo 20191h 20min

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