Food Inflation, Down Payment Goals, Golf Self-Care | June 2022 Beers & Budgeting

TL;DR

Real-life budget review over beers, discussing expenses including groceries and hobbies, tracking savings for a down payment.

Transcript

this is our june beers and budgeting episode welcome we're going to get into it in just a second hey what's up guys it's justine with debt free millennials the channel to help you crush your debt live payment free this is my husband kyle and every month we go over our real income real expenses while we drink a beer what are we drinking today today ... Read More

Key Insights

• 🧑‍🤝‍🧑 Grocery overspending was identified as a significant concern in their budget review, prompting the couple to explore cost-effective meal options.
• 😀 Justine used the Fetch Rewards app to track grocery expenses and identify areas where costs could be reduced.
• 💋 The couple discussed the impact of market fluctuations on their investment accounts and the importance of sticking to their long-term investment strategy.
• 🏌️ Beyond finances, they shared insights into their hobbies like golf excursions and experiences like attending concerts, integrating fun into their budget planning.
• 🈂️ Justine highlighted the importance of contacting customer support to address erroneous charges, exemplifying proactive financial management.
• 😑 They expressed gratitude for their current financial situation and emphasized the value of budgeting and tracking expenses, acknowledging past financial struggles.
• 🧑‍🤝‍🧑 The couple maintained a positive outlook despite economic uncertainties, emphasizing the importance of consistency in their investment approach.

Questions & Answers

Q: How did Justine and Kyle manage their June budget?

Justine and Kyle reviewed their budget for June, starting with a realistic income target and celebrating a surplus at the month's end, giving them a sense of financial security.

Q: What was the main concern regarding their expenses in June?

The couple highlighted their grocery budget as a concern since they overspent on groceries and toiletries, with Justine using the Fetch Rewards app to identify the cost discrepancies.

Q: How did they plan to mitigate overspending on groceries in the future?

Justine and Kyle discussed implementing cheaper meal options like pasta dishes and using resources like Reddit for budget-friendly recipe ideas to combat overspending on groceries.

Q: What other expenses did they address in their budget review?

Justine and Kyle discussed costs like golf excursions and gifts for Father's Day and birthdays, managing their expenses while planning for future savings towards a down payment.

Summary & Key Takeaways

• Justine and Kyle review their June budget, discussing real income and expenses while enjoying a beer.

• They analyze expenses, particularly focusing on exceeding their grocery budget and cutting costs by preparing cheaper meals.

• The couple tracks their progress towards saving for a down payment, acknowledging the impact of market changes and maintaining their investment strategy.