Summer Spending & Recovering from a Big Purchase

What the Why

In this episode, Bryson & Ceci discuss recovering from summer spending and the importance of financial literacy. They recap their summer series on travel, savings, and budgeting, highlighting topics such as travel hacks, moving on a budget, and buying a house. They also talk about the high costs of summer spending, including weddings and car purchases. The hosts emphasize the need to be ambitious and avoid complacency when it comes to financial goals. They discuss the importance of being frugal, doing research, and implementing a cool-off period before making purchases. They also answer listener questions about letting partners pay for everything and how much to save each month.

Takeaways:
- Recovering from summer spending requires financial literacy and forming good habits.
https://www.gobankingrates.com/saving-money/savings-advice/frugal-habits-of-the-rich-and-famous/

- Being ambitious and avoiding complacency are key to achieving financial goals.
https://www.gobankingrates.com/money/financial-planning/how-to-achieve-financial-goals-when-they-feel-out-of-reach/

- Being frugal and doing research can help make informed financial decisions.
https://www.gobankingrates.com/saving-money/savings-advice/habits-of-people-who-are-good-at-saving-money/

- Implementing a cool-off period before making purchases can prevent impulse buying.
https://www.gobankingrates.com/saving-money/shopping/impulse-buying/

- The amount to save each month depends on individual circumstances, but aiming for 20% or more is ideal.
https://www.gobankingrates.com/money/financial-planning/paying-off-debt-this-summer-while-still-having-fun-tips/