2021 Year End Financial Review Using Simplifi Money App (MUST TRY)

TL;DR

Analyzing 2021 spending using Simplify by Quicken app, highlighting expenses, wins, and areas for improvement.

Transcript

today i thought it would be a little interesting to go inside a spending report for the 2021 year what exactly did i spend my money on i'm going to tell you with the help of simplify simplify is a quick and easy to use budgeting app and they are the sponsor of this video but more on that later let's get into it hey guys it's justine with debt free ... Read More

Key Insights

• 😀 Justine utilized the Simplify budgeting app by Quicken to analyze her 2021 spending, highlighting the importance of tracking expenses.
• ❓ Her detailed breakdown of expenses revealed insights into her financial priorities, choices, and areas for improvement.
• 👪 Justine's spending report showcased a balance between necessary expenses like rent and utilities and discretionary spending on dining out and personal indulgences.
• 👶 She showcased how baby-related costs, such as childcare and organic formula purchases, influenced her overall spending.
• 😉 Justine's emphasis on investment contributions as a financial win reflected her long-term financial planning and wealth-building strategy.
• ❓ The analysis of meal planning as a potential area for improvement in 2022 highlighted the importance of intentional spending habits.
• 🫵 Justine's openness about her spending habits and financial goals provided valuable insights for viewers looking to manage their finances effectively.

Questions & Answers

Q: What were Justine's biggest categories of expenses in 2021?

Justine's significant expenses in 2021 included fixed costs like rent, utilities, and food (groceries and dining), with a notable amount spent on baby-related items and investments.

Q: How did Justine rationalize her high spending on dining and drinks?

Justine explained that dining out was a conscious choice for her, prioritizing experiences and social interactions after becoming a new parent, acknowledging the convenience factor and enjoyment of restaurants.

Q: What were Justine's key areas for improvement in 2022 based on her spending analysis?

Justine identified meal planning as a focus for 2022 to potentially reduce the $9,500 spent on food, dining, and drinks by being more intentional with grocery shopping and cooking at home.

Q: What were Justine's financial wins highlighted in her 2021 spending report?

Justine's financial wins included significant contributions to investments and savings beyond regular retirement contributions, demonstrating a commitment to building wealth and financial security.

Summary & Key Takeaways

• Justine explores her 2021 expenses using the Simplify budgeting app to analyze categories like fixed expenses, food, health, shopping, and investments.

• She delves into specific expenditures like groceries, dining, therapy, and baby-related costs, showcasing personal choices and priorities.

• Justine shares financial wins in investment contributions, plans for 2022 improvements in meal planning, and encourages viewers to track their spending.