BiggerPockets Money15 Apr 2022

292: Mindy & Carl’s Spending Summary: March Money Madness Edition

Financial independence is not a new concept to Carl and Mindy Jensen. For as long as they’ve been together, Carl and Mindy have been open and upfront about their financial situations. When they learned about the FIRE movement, they knew they had an all-time goal to hit. Fortunately for them, they hit it earlier than they needed, but has their current spending forced them to recalculate what it takes to hit financial freedom?

Welcome back to Carl and Mindy's Spending Summary, or as we’re naming it this month, March Money Madness. Carl and Mindy had a few big-ticket items on this month’s expense tracker, namely things like a lovely trip to Seattle and a brand new couch (Mindy bought something new!?). As the months fly by, Mindy has noticed an “over budget” trend, forcing her to either recalculate her FI number or get back into budget mode.

If you’ve gone over budget like Mindy this month, don’t fret! Tracking your expenses and keeping up to date on your budget will still help you achieve the goals you’ve set for yourself. Just be extra mindful in April!

In This Episode We Cover

Frugal vacations vs. relaxing retreats and how to plan for added travel spending

Gas prices, utility bills, and using solar to lower your cost of living

The benefits of budgeting and how expense tracking keeps you frugal

Having “money respect” for your partner when sharing finances

Accounting for big “one-time” purchases like furniture or trips

How to save money on next month’s grocery bill (look in your pantry!)

And So Much More!

Links from the Show

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Mindy's Twitter

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Check the full show notes here: https://www.biggerpockets.com/blog/money-292

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