February 2021 Beers & Budgeting | Almost BABY Time!!

TL;DR

Monthly budget review while enjoying beers, discussing expenses, investments, and future financial goals.

Transcript

all right february beers and budgeting does it feel like march or february it doesn't feel like march no really confused about what time it is we're so confused but we are back with another episode of beers and budgeting we got some new beers we've got some wins in our budget so stick around hey guys it's justine with debt free millennials the chan... Read More

Key Insights

• 🙂 Income slightly exceeded forecasts due to additional earnings.
• ❓ Savings were found in categories like groceries and fixed expenses, contributing to surplus funds.
• 👶 Investments showed mixed performance with a focus on exploring new platforms and investment strategies.
• 👶 Future plans included allocating surplus funds to the Jeep fund and exploring new investment opportunities.
• ❓ Mindful spending and budgeting strategies were emphasized throughout the budget review.
• ❓ Detailed discussion on expenses, savings, memberships, and potential side hustle opportunities.
• 🔨 Utilization of budgeting templates and tools for financial planning and tracking.

Questions & Answers

Q: How did the couple's income compare to their forecast for the month?

The couple brought in over $11,000, slightly exceeding their forecast of $10,000 due to overtime earnings, showing a positive financial trend for the month.

Q: What changes were noticed in the budget categories like fixed expenses, groceries, and fun money?

The couple found savings in categories like groceries, fixed expenses, and fun money, with a focus on mindful spending and avoiding budget busters like sushi from the previous month.

Q: What insights were shared regarding investments, robo-advising platforms, and additional financial goals?

The couple discussed their investment performance, with ups and downs in different platforms, exploring new investing opportunities like WeBull and Wealthfront, along with prioritizing their financial goals like the Jeep fund.

Q: How did the couple allocate surplus funds, and what plans did they have for the future?

The surplus funds were considered for the Jeep fund, continuing to add to their down payment and vacation fund, along with exploring new investment strategies and pre-tax paycheck contributions to maximize savings.

Summary & Key Takeaways

• Monthly budget review with real numbers, discussing income, expenses, savings, and investment updates.

• Enjoying beers while sharing insights on budgeting strategies and financial decisions.

• Detailed discussion on expenses, savings, investments, and future financial planning, with a touch of humor.