September 2019 Beers & Budgeting | It Sure Felt Like We Blew the Budget

TL;DR

A couple discusses their September budget, highlighting a high electricity bill and planning for an upcoming European vacation.

Transcript

it's hot it's sweltering so we decided to do beers and budgeting with no pants because that Hey hey guys it's Justine with debt-free Millennials and this is my husband Kyle hello and welcome back to another episode of beers and budgeting we are going over our September budget and holy cow the first thing I have to say about the September budget is ... Read More

Key Insights

• 🙊 Peak hour pricing can significantly impact energy bills in certain regions like San Diego.
• 💳 Using sinking funds and credit card points can help offset vacation expenses.
• 🥳 Planning ahead for upcoming events like birthdays and vacations is essential for maintaining a budget.
• ⚾ Reviewing and adjusting budget categories based on actual expenses helps in financial planning.
• 😫 High-yield savings accounts can be advantageous for setting aside funds for specific goals.
• 🥶 Being debt-free allows for more flexibility in spending on experiences like travel.
• 🍄 Budgeting for both necessities and fun activities helps maintain financial balance.

Questions & Answers

Q: Why did the couple experience a record high electricity bill in September?

The couple faced a record high electricity bill due to peak hours pricing in San Diego, which resulted in higher costs during specific hours.

Q: Why did the couple have a surplus in their income for September?

The couple had a surplus in their income for September due to increased work opportunities, resulting in a larger paycheck and additional earnings from overtime.

Q: How did the couple manage their vacation expenses for their upcoming European trip?

The couple discussed using credit card points, sinking funds, and high-yield savings accounts to cover vacation expenses, such as flights, accommodations, and other out-of-pocket costs.

Q: What lessons did the couple learn from their September budget review?

The couple learned the importance of being mindful of expenses, especially with an upcoming European vacation, and the significance of budgeting for experiences after becoming debt-free.

Summary & Key Takeaways

• The couple discusses their September budget, noting a record high electricity bill due to peak hours pricing.

• They review their income surplus, expenses, and allocations for various categories like groceries, mobile bills, and vacations.

• Planning for an upcoming European vacation forms a significant part of their financial discussions for October.