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The One Budget Category Most People Forget
Lucas and Luna tackle the budget category that quietly sinks most financial plans: irregular expenses. Using real data from a 2024 Bank of America study showing that 41% of households faced an unexpected expense of $1,000 or more in the past year, they explain how annual bills like car registration, holiday gifts, and dental cleanings add up to an average of $3,200 per year. Lucas walks through a simple sinking fund method using a 'true expenses' spreadsheet, and Luna shares how she automated her own irregular expense savings using a separate high-yield savings account. The episode…
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