This chapter explores the practical side of personal finance through the lens of sinking funds, emphasizing the need for budgeting unexpected expenses like vacations and medical bills. The speakers discuss their evolving strategies for retirement budgeting, particularly healthcare costs, and the importance of flexibility in financial planning. They share personal experiences and insights on balancing conservative spending with ensuring enjoyable life aspects, like travel, are adequately funded.
Love it or hate it, budgeting is an essential part of financial success. In this episode, Eric and Jason share their own financial details using a simple, model budget and offer tips for making budgeting a less daunting task. See the link below for the show notes, which includes the full details of our budgets.
Show notes: https://twosidesoffi.com/fire-budget