How Do You Know if You Have Enough Money?

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How do you know if you have enough money to go out and party, or if you should chill out at home for a little while? There are a few different ways that you could approach the question. David: The degree of strictness versus flexibility that you would be seeking in a budget is going to depend on what phase of your financial life you're in. And i think what i like about not cessively line itemizing is that trying to line itemize so many varied bills ends up peking a lot of things away.

#362: David is questioning how to better manage his spending. He’d like a stronger framework to think through budgeting challenges.

Elisa and her husband bought a home, and now they’re saving extra income every month. She has a pension and her husband is an entrepreneur. How much should they be saving for retirement and how should they invest their extra money?

Geoff invested primarily in taxable brokerage accounts for the last twenty years. He’s built a $6 million portfolio and reached financial independence. He wonders about the smartest strategy for withdrawing from those taxable brokerage accounts to efficiently manage capital gains?

Jenna and her husband are planning on buying their next home in a few years. She wants to know if I-bonds are a good way to save for the down payment and closing costs.

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

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