We answer listener questions on budgeting for an inconsistent income and what to do with a large inheritance. Show Notes Our first question comes from listener Ashley My husband and I got married last year and just recently started getting more involved in our finances as a married couple (setting our goals, deciding where our money should go etc.) I am…
Tag: budget
Podcast
Episode 20: New Year, New Job, New Budget
With a new year upon us, Danielle has a new job and a new salary. In this episode we discuss our process for updating our budget to reflect our new income. Show Notes Increase of about $750 a month New job has a 2% 401K match Old job had a 6% 401K match The Plan Open a Roth IRA and…
Podcast
Episode 17: Question for When You Are Getting Started
Nate and Danielle answer questions from listener Erin about her upcoming marriage and what it means for student loan debt, renting vs. buying, budgeting, and more Show Notes First question, if I have debt from school and he (my future husband) doesn’t should we combine accounts? We both believe in the “whats mine is yours” marriage. We believe that you…
Podcast
Episode 14: Updating Our Budget
In this episode, Nate discusses recent changes to the budget and how it impacts short, mid, and long-term goals Show Notes Budget Increases Personal budgets get an additional $50 a month Going out gets an additional $50 a month Budget Decreased Daycare goes from $1050 to $900 Debts Solar Panels: $3500 Car: $18,000 House: $295,000
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Episode 13: Goals
In this episode, we discuss setting goals as a couple and the importance of establishing goals together. Show Notes Setting goals allows you to plan your budget realistically We break down our goals to short, mid, and long-term goals Short-term goals are obtainable in 0 months to 2 years Mid-term goals are obtainable in 2 years to 10 years Long-terms…
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Episode 10: Budgeting for Trips
In this episode, we talk about budgeting for travel and also share Danielle’s travel tips! Show Notes Budgeting for travel comes out of what you have leftover each month Research where you are going and get an idea of airfare and hotel pricing Plan almost a year in advance Danielle’s Travel Tips for saving money Get to know the area DIY…
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Episode 5: Baby time
Having a baby can be a stressful time. There are a lot of unknowns and nine months goes very quickly. Having a plan of action for your budget can help ease some of that stress. In this episode we talk about how we planned for and currently budget for a child. Please review and subscribe to our show on your…
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Episode 02: How we setup our budget
In this episode we discuss what let us to create a budget, how we went about it, and how it’s evolved over time. We go into some details on budget line items, planning for retirement, and fitting in fun. Show Notes Required costs: Mortgage/Rent Utilities Internet/Cable Food Childcare Gas Car payment Solar panel payment Baby and pet items Optional costs:…
Budgeting
How did we start our budget?
It seems like a simple question, but it must be answered in order to show the value of a budget. To properly explain the answer to this question I want to go back and share our brief experience of living without a budget. The setup Smalls and I were a newly married couple. We had a fully paid for honeymoon…