November 2019 Beers & Budgeting | Ready for the Holidays

TL;DR

Justine and Kyle review their budget for November while enjoying Santa's Little Helper beer, planning for December, and considering creating a "Kyle Has Fun" budget.

Transcript

are you ready to crack open a beer more than ready to crack open a beer let's do it November beers and budgeting starts now mm-hmm hey guys welcome back it's Justine and Kyle hey with debt-free Millennials the channel to help you crush that and live payment free and we are back with another episode of beers and budgeting November was a crazy month ... Read More

Key Insights

• 🤑 Sinking funds help earmark money for specific expenses, ensuring financial stability.
• 🎄 Budgeting for seasonal expenses like Christmas is crucial to financial planning.
• 🦃 Charitable giving is an important aspect of Justine and Kyle's budgeting strategy.
• 🥶 Personal enjoyment budgets can help individuals allocate funds guilt-free for hobbies and self-care.
• 👻 Forecasting higher income months allows for strategic planning and allocation of surplus funds.
• 🆘 Reviewing budgeting successes and areas for improvement helps in financial growth.
• 💁 Reflecting on past financial decisions can inform future budgeting strategies.

Questions & Answers

Q: What beer are Justine and Kyle enjoying in the video?

Justine and Kyle are drinking Santa's Little Helper, an Imperial Stout with coffee and chocolate, purchased yearly from Costco.

Q: How does Justine manage sinking funds in her budgeting system?

Justine consolidates sinking funds into a single account to maximize interest, transferring money as needed for various expenses.

Q: What charitable organizations do Justine and Kyle plan to donate to?

Justine and Kyle plan to split their charitable giving between Save the Elephants, Wounded Warriors, a church, and a charity supporting Jeep initiatives.

Q: What budget category does Kyle suggest creating for himself?

Kyle suggests creating a "Kyle Has Fun" budget to allocate funds for personal enjoyment, investments, and potential solo vacations.

Summary & Key Takeaways

• Justine and Kyle review their November budget, noting successes like low electricity costs and affordable groceries due to potluck gatherings.

• They discuss allocating money towards sinking funds, charitable giving, and potentially creating a "Kyle Has Fun" budget.

• The couple forecasts a higher income for December, plans for Christmas expenses, and considers individual budget categories for personal enjoyment.