Time for our Friday Flight! These episodes are a sampling of the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you to continue to make smart money moves. In this episode we cover some relevant and helpful stories like: CapitalOne bonuses, free at home Covid tests, too busy to budget, waiving home inspections in a cooling housing market, secondhand financial smarts due to spillover effects, expensive airport beers, price profiteering, economists don’t blame corporate greed for higher inflation, crappy car repair loans, declining used car prices, & ESG BS!

  • Personal savings rates – they’re down!
  • Covid – Get your at home Covid tests for free.
  • Budget – Start a budget, or at the very least begin tracking with YNAB or Mint.
    • And it can be a really great idea to figure out how little it would take to live on with a bare bones budget, if the proverbial ish hits the fan.
    • As we’ve talked about before, here’s a stripped down template of our family’s budget in Excel. It may not make sense for some, but I hope it can get most started down the right path! (once you’re in Google Drive, click: File -> download to get the file on your computer)
  • Cell phone – Cut your monthly cell phone service down to $15 a month with a provider like Mint Mobile– we’ve been using them for years now!
You can’t beat the Chase Sapphire Preferred!
  • Extra cash – And regardless of where you are on the path to financial independence, we believe in the responsible use of credit cards. It’s smart to utilize the additional benefits that credit cards offer- for instance the 60,000 points that come with the Chase Sapphire Preferred Card. That’s $750 when you redeem through Chase Ultimate Rewards! This is no joke- I’ve already done this myself which we discussed on a recent episode after I met the initial spending requirements of $4,000 over 3 months!

And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend!

Best friends out!

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2 comments on “Friday Flight: Price Profiteering, ESG BS, & Secondhand Smarts – Episode 516

  1. Jason May 20, 2022

    You mentioned a site in the budget segment from 5 a.m. Joel but I didn’t catch an address for it and can’t search it down – OpU? OpYou? I’d love to check it out! Thanks.