“Beware of small expenses; a small leak will sink a large ship. “ That’s the subject of today’s episode where we’re interviewing Jenny for a financial Friday review. Jenny finishes her fourth degree and worked throughout school to help her family. Her husband makes a substantial income, but he does would like to retire in 2030 and spend more time with their (future) children.
Jenny has great control over her fixed costs, but when it comes to her variable expenses … not so much. Your family is consistent vary from $ 1,000 per month to $ 2,400 per month in variable expensesmany of which can be fixed with some simple shopping tweaks (like leaving your credit card at home when you go to the grocery store). Fortunately, if they have invested a fair amount of their take-home salary, they have an outstanding one 401 (k) game, and are there Double income as soon as Jenny is out of school.
If you are having trouble keeping track of your variable expenses, such as: random amazon shopping, turn on this episode for advice on exactly what to do.
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In this episode we cover
- How one plan for retirement with two full-time incomes
- Pay off your home vs. invest in assets such as index funds and real estate
- Take advantage of 401 (k) matches and the exhaustion of retirement accounts
- Use a future job to Pay off student loans
- So limit your variable expenses and reduce “accidental expenses”
- Why someone with “Mortgage fear”Should be careful with real estate investments
- and So Much more!