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

Avsnitt(742)

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How to Reach Coast FIRE (The Relaxed Way to Retire!)

How to Reach Coast FIRE (The Relaxed Way to Retire!)

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6 Jan 49min

How to Use AI to Reach Financial Independence Faster

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2 Jan 31min

Scott Builds Four Portfolios with Four Different Strategies ($40k Experiment)

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In this episode of the BiggerPockets Money Podcast with Mindy Jensen and Scott Trench, Scott builds four different investment portfolios using real money, each account starting with $10,000 and employ...

30 Dec 202542min

Which Path to Financial Independence Is Faster? Sell or Rent?

Which Path to Financial Independence Is Faster? Sell or Rent?

Should you turn your primary home into a rental property or sell it when you move? It's one of the biggest financial decisions homeowners face, and in this episode, Mindy Jensen and Scott Trench are h...

26 Dec 202548min

How to Set FIRE Goals and Actually Achieve Them (2026)

How to Set FIRE Goals and Actually Achieve Them (2026)

Episode #704 ~~~ Download the Goal Setting Document: www.biggerpocketsmoney.com/resources  ~~~ Subscribe to the 31 Day Challenge: www.biggerpocketsmoney.com/31days  ~~~ Subscribe to our Weekly N...

23 Dec 202536min

How to Track Your Path to FI in 2026 (Step-by-Step Guide)

How to Track Your Path to FI in 2026 (Step-by-Step Guide)

Ready to take control of your finances in 2026? Mindy Jensen and Scott Trench are breaking down one of the most powerful tools for financial success: the personal financial statement. Think of it as y...

19 Dec 202524min

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