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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78: How to Talk to Your Parents About Money with Cameron Huddleston

78: How to Talk to Your Parents About Money with Cameron Huddleston

Parents are supposed to know everything, and talking about money is impolite. So how do you make sure your parents are taken care of and that their wishes are followed throughout their golden years? T...

24 Kesä 20191h 7min

77: Entrepreneuring Your Way To Financial Freedom with Pete Mockaitis

77: Entrepreneuring Your Way To Financial Freedom with Pete Mockaitis

Pete Mockaitis grew up in the cheapest place to live, Danville, IL. He watched his mother work her way up the local credit union ladder from teller to CEO, simply by doing more than necessary, repeate...

17 Kesä 201957min

76: How to Talk to Your Partner About Money With the Debt Free Guys

76: How to Talk to Your Partner About Money With the Debt Free Guys

John and David didn’t have "the money talk" right away. They both worked in the financial industry, and each thought the other would be great with money. About a year and a half in, they discovered th...

10 Kesä 20191h 17min

75: The Most Efficient Path to Financial Freedom With Justin From Saving Sherpa

75: The Most Efficient Path to Financial Freedom With Justin From Saving Sherpa

Justin grew up without a lot of money in a small town. His parents divorced when he was eight, and his mother eventually quit her job to attend school. Necessity is the mother of invention, and a year...

3 Kesä 20191h 1min

74: Making Money From a Legitimate Side Hustle With Mark Wills

74: Making Money From a Legitimate Side Hustle With Mark Wills

Side hustle is a big topic on BiggerPockets. But finding the right one—and one that isn’t a scam—can be difficult. Today’s episode focuses on not only a legitimate side hustle, but also one that invol...

27 Touko 201950min

73: Ramit Sethi Will Teach You to Be Rich!

73: Ramit Sethi Will Teach You to Be Rich!

Ten years ago, Ramit Sethi released his groundbreaking book I Will Teach You to Be Rich. Now he’s back, with an all-new, updated version, delivered with the same authority and enthusiasm as the origin...

20 Touko 20191h 33min

72: Increasing Your Income Through Commissions With Dawn Brenengen

72: Increasing Your Income Through Commissions With Dawn Brenengen

Dawn Brenengen’s money story begins a bit differently than most. Dawn’s parents shared their finances with her. She knew what things cost, she knew her parents worked hard to pay off their mortgage, a...

13 Touko 20191h 11min

71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.

71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.

Like so many of our guests, Sarah P. did not grow up understanding how money works. She wasn’t bad with money, she just wasn’t very good with it. She learned about financial independence through Mr. M...

6 Touko 20191h 9min

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