friends on FIRE has retired, but Maggie’s new podcast, 🎤👉 Inside Out Money, releases new episodes every week.

#031 | Corona Quarantine Spending Levels

by | Apr 27, 2020 | Financial Independence, Lifestyle, Saving $

Episode Summary 

In this episode, Mike and Maggie review their March and April expenses to give a view into their monthly spending levels, and more specifically how the corona pandemic quarantine has impacted them.  This is a more casual conversation and episode, and we hope hearing what others are spending their money on is helpful as you consider your own spending levels.  

Episode Notes

We start this episode off with a voicemail from Maggie’s mom.  Then we dig into a review of what expense categories are up and down during the past two months, and why.  We give a peek into what we spend money on each month and discuss our overall spending levels.  We also share a few recent splurges.  Mike has finally learned how to splurge! 

Our top 3 takeaways for this episode:

  1. Grocery delivery is expensive.  Consider if you really need it and if it’s worth it.  
  2. Going into a store often leads to overspending, even for the most disciplined. This is one reason why your spending may be down.  Perhaps take that as a learning for the future to keep your spending levels down.  
  3. Track + manage your expenses right now.  It’s always important, but it’s especially important given the current economy right now.  

Show References

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