Nate and Danielle discuss what they are doing with their credit cards in order to help their cards better work for them. Credit cards are treated like cash and as such, should only be used if you have money in the bank to pay for a purchase that you are making in full.
Nate and Danielle discuss how to determine expenses and how to begin the process of budgeting. They look at needed, unneeded, and other expenses and give examples of how finding your expense patterns can be used to setup a long-term budget.
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How this works for us:
30% of gross (before taxes) income - came from Brooke Amendment, capped rent for public housing at 25%, Reagan bumped it to 30%
Many articles, sites now say it is outdated - doesn’t take into account student loans and retirement expectations of younger generations
Not very flexible considering the cost of living in some places, other debt you may have, the fact that you probably don’t need to increase your house cost to maintain 30% as your...
Listener questions are answered in relation to inconsistent income and how to best budget for it and what to do with a large inheritance. The Budget Couple offers their advice on how they would go about solving these problems.
Danielle accepted a new job over our hiatus. The job comes with a new salary, benefits, and much more, but how do we plan for it. In this episode we talk about our process for updating our budget with a different income and discuss how we decide to allot money to different areas of our budget.
Nate and Danielle discuss one of Nate's new gadget purchase ideas. They explore how to agree to large purchases, how it impacts their budget, and the thought process behind spending as a team. They also discuss holiday budgeting.
Nate and Danielle answer listener questions about credit card usage. They also discuss how they use debit cards, cash, and other payment methods. Finally a quick review of the budgeting app Every Dollar is given.
In this episode Nate and Danielle answer listener questions. In particular, they explore a question from a couple on how to set budgeting categories. They discuss what they would do and the reasons behind it
In this episode, Nate and Danielle talk about how they set financial goals as a couple and how their thinking has evolved over time. Goals are a way to keep on track with your budget and grow closer as a couple. Nate and Danielle review their past, current, and future goals for their family.
Danielle and Nate talk discuss tips for discussing money when you are dating someone all the way through the beginnings of marriage. They share their experiences while dating and their current attitudes on budgeting in a relationship.
Nate and Danielle discuss budget ratios and how they are used to determine what you can afford. They dive into their numbers and show you how they use budget ratio guidelines to make financial decisions for their household.