Jul 13, 2022
We’ve brought back the listener's mailbag. Today we’re answering your family and finance questions about saving up for multiple goals, revamping your budget, and travel planning tips!
Family and Finances: Better Budgets and More
One of my favorite parts about Simplify and Enjoy is the community.
While I'm happy to share our journey as a family: the projects that we're taking on, the goals we're trying to reach, it's always fun to get your take on things to hear your questions, stories, and celebrate your wins.
Today, we're going to wrap up this set of episodes by answering three questions from you.
First, we're going to get into how to save from multiple goals. This is a challenge for a lot of families because not only are they trying to save for retirement, maybe put aside something for their kids, college expenses. They also have to make sure there's enough money to replace the cars, take family vacations, get gifts for others and so forth. So, how do you juggle it all?
Next we'll talk about how to adjust or if needed, revamp your budget. We're halfway through the year. So I knew a lot of families are looking at things that are working and what's not.
They want to finish this year strong, so they want to redo their budget. We'll go over some tips on what you need to adjust and surprisingly, some things to avoid when working with your budget.
Finally we'll examine how to plan and budget for family vacations. I think it's something that we all need, and many of us are excited about getting back to. And at the same time, we want to stick with some of our other financial goals and keep that on target.
I'm going to share some tips that have helped us manage family vacations and still stay on budget. We got a lot to cover today. So let's get started!
Resources to Manage Your Money Easier
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Grab Your Copy: Jumpstart Your Marriage and Your Money
- Living On One Income: How Families Can Make the Switch
- Getting Good with Money and Dumping Debt
- How to Easily Create a Flexible Financial System
- How to Snag a Great Deal When Buying a House
- Travel Hacking Your Family Vacations: Discovering Epic Deals
- Flexible and Affordable Family Vacation Ideas for This Year
If you want to chat more about creating better money habits, questions, or share your own tips, please join us at Thriving Families on Facebook.
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union! Come check out Coastal today if you’re living in the Raleigh Durham area and looking to bank better.
As a credit union, Coastal serves its members first and foremost including an annual loyalty bonus.
We've been members for years and love their service and competitive rates on checking and savings accounts!
Rollover Your 401(k) Easily with Capitalize
We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier.
Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years.
And because of the Great Resignation, you or someone you know might be changing jobs even more
It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?
One huge benefit of an IRA is choosing how your money is invested, not your old employer.
If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.
With Capitalize, they handle the process from start to finish – for FREE and yes that includes calling the 401(k) provider on your behalf.
Find out how and get started today!
Support the Podcast!
Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.
- Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
- Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
- Grab a copy of Jumpstart Your Marriage and Your Money.
Photo by Torsten Dettlaff