November Beers & Budgeting | We Spent $$$ In Australia!

TL;DR

Couple reviews November budget, Australia trip expenses, and savings insights with craft beer.

Transcript

so there's the other startling thing on this is the $348 on beer hello and welcome back to another episode of beers and budgeting I'm Justine with debt-free Millennials and this is my husband Kyle and we are about to go over our November budget check out our expenses and income and have a little bit of craft beer with it as well so all right what's... Read More

Key Insights

• 🌱 Justine and Kyle successfully managed their November budget by staying within their planned expenses and utilizing extra income effectively.
• 💝 The couple reallocated leftover funds towards Christmas gifts and future vacation plans, demonstrating smart financial planning strategies.
• 🌏 Their Australia trip, although costly, provided valuable experiences and insights into budgeting for international travel.
• 🥅 Justine and Kyle emphasized the significance of tracking expenses, saving for annual costs, and allocating funds for different financial goals.
• ⚾ They shared their challenges with the Acorns account, highlighting the importance of monitoring investments and adjusting strategies based on market fluctuations.
• 🍉 Justine and Kyle's budget review showcased their commitment to financial transparency, communication, and long-term planning for upcoming trips and savings goals.
• 💝 The couple's budgeting discussions included insights on managing expenses for various categories, such as gifts, vacations, and monthly spending.

Questions & Answers

Q: What were the key highlights of Justine and Kyle's November budget review?

Justine and Kyle discussed their successful budgeting strategies, including staying within budget for groceries and reducing alcohol expenses. They also mentioned the positive impact of having three paychecks for the month.

Q: How did Justine and Kyle manage their Christmas budget after returning from Australia?

They reallocated leftover funds from previous months towards Christmas gifts, totaling $1,600, with $900 allocated for gifts and $700 towards their vacation fund for future trips.

Q: What were the main expenses of Justine and Kyle's Australia trip?

The couple spent a total of $3,088 in Australia, with significant costs attributed to accommodations and airfare. They also detailed expenses for food, drinks, and various excursions during their two-week trip.

Q: How did Justine and Kyle handle the expenses for their Australia trip?

Although the trip cost approximately $9,665, they were getting reimbursed for part of the expenses, reducing their out-of-pocket expenses to $3,800. They mentioned the importance of saving for such big trips in advance.

Summary & Key Takeaways

• Justine and Kyle review their November budget, which includes expenses from their Australia trip, and discuss savings insights.

• They highlight their budgeting successes, such as staying within budget for groceries and reducing alcohol expenses.

• The couple reflects on their expensive but rewarding trip to Australia, detailing the costs and reimbursements.