April Beers & Budgeting - We’re A Little Behind! Ish Happens.

TL;DR

Justine and Kyle share their monthly budgeting meeting, showing their real paychecks and expenses, and discuss how they allocate their funds.

Transcript

hello and welcome to a special edition of debt-free Millennials my name is Justine and if you're joining me for the first time this channel is all about conquering your personal finances ditching debt and budgeting and specifically I have my husband Kyle here with me today all right and we are going over our monthly budgeting meeting on camera live... Read More

Key Insights

• 🥺 Justine takes the lead in poring over the numbers and organizing the budget, while Kyle finds it boring and enjoys beer during the meetings.
• ❓ They emphasize the importance of transparency and show that budgeting is possible for anyone.
• 🍄 Justine and Kyle have separate budget categories for fixed expenses, fun expenses, unexpected expenses, and savings.
• ❓ They have been successful in reducing their electricity and grocery expenses.
• 😋 Justine and Kyle save money on food expenses during travel by utilizing per diems and having a separate vacation fund.
• 🤑 They have found that having only one car has saved them a significant amount of money.
• 👨‍💼 Kyle's business expenses, including per diems, are included in their budget and they benefit from saving money on work-related trips.

Questions & Answers

Q: How do Justine and Kyle make their budgeting meetings more enjoyable?

Justine and Kyle make their budgeting meetings more enjoyable by including beer, making it a fun experience.

Q: How do Justine and Kyle handle unexpected expenses?

Justine and Kyle have a "Fudge" category in their budget where they allocate money for unexpected expenses that may arise.

Q: How do Justine and Kyle save money on food expenses during travel?

Justine and Kyle save money on food expenses during travel by utilizing Kyle's per diem from his work and by having a separate vacation fund.

Q: How do Justine and Kyle handle budgeting for gifts and special occasions?

Justine and Kyle allocate additional money for gifts and special occasions, such as birthdays and anniversaries, in their monthly budget.

Summary & Key Takeaways

• Justine and Kyle share their April monthly budget meeting, showcasing their real paychecks and expenses.

• They highlight areas where they did well, such as reducing electricity and grocery expenses.

• They also discuss areas where they went over budget, including clothing and gas expenses.