How Much Did We Spend in July on Budgeting and Beers?

TL;DR

In July, the couple spent over $9,000 primarily on a new mattress and phones but still managed to have leftover funds. They are considering allocating some of that surplus towards savings for a Jeep Wrangler, despite their mixed feelings about spending so much in one month.

Transcript

okay guess how much money we spent in July way more than that I wanted to I know it because we've got a bed on there we've got 7,000 stay tuned and find out hey what's up everybody it's Justine with debt-free Millennials the channel for all things millennial money and debt free living this is beers and budgeting I've got my boo Kyle with me today h... Read More

Key Insights

• 👶 The couple made significant one-time expenses in July, such as a new mattress and new phones.
• 🤑 Despite these expenses, they still had money left over, which they planned to allocate for future goals.
• 😨 They are considering saving for a new car, specifically a Jeep Wrangler, and might accelerate the savings goal using additional income.
• 🍹 Their budget includes various categories, including groceries, alcohol, repairs, and vacations.
• 🈷️ They paid their monthly memberships and regularly contribute towards retirement accounts.
• 😀 The couple also invested in a brokerage account using apps like Stash and Acorns, seeing some gains.
• 🤑 They plan to deposit their saved money into a high-yield savings account to earn interest.

Questions & Answers

Q: Why did the couple spend over $9,000 in July?

They made several one-time expenses, including purchasing a new mattress and new phones.

Q: How much money did they have left over?

After accounting for their expenses, they still had money left over from previous months.

Q: What are they considering saving for?

They are considering saving for a new car, specifically a Jeep Wrangler.

Q: How do they plan to save for the new car?

They anticipate budgeting around $500 per month, but they may accelerate the goal depending on bonuses or side hustle income.

Summary & Key Takeaways

• The couple spent over $9,000 in July due to one-time expenses like a new mattress and new phones.

• Despite these expenses, they still had money left over from previous months.

• They are considering saving for a new car, specifically a Jeep Wrangler.