How to Handle Extra Cash Flow?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.6 • 1.9K Ratings

🗓️ 23 August 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

For quite a while it was a one income household, now all of a sudden it's a two income household, which begs the question, what should we be doing with the extra cash flow?

Have a money question? Email us, ask jill [at] jill on money dot com.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Welcome to the Jill on Money Podcast. It is Monday, August 23rd. It is actually the second
0:10.9	week of my vacation. And so Mark has done a great job in making me get really focused
0:18.7	in putting all these episodes in the can for you guys while I'm on vacation. Now here's
0:24.9	the critical issue. Will I really be able to disconnect? I don't fully disconnect when
0:30.5	I'm on vacation, but I feel like after the last 16, 17 months, I do need some time to
0:37.3	refuel and reenergize. And I'm going to encourage you all to do that if you're lucky enough
0:43.3	to take a break. But if you are really kind of worried about something or you say, I can't
0:49.8	relax because there's a financial thing on my mind, let us help you. Maybe we're going
0:53.9	to make your summer break your your last gas before everyone goes back to work back
0:59.1	to school. Maybe we'll make it more relaxing for you. All you have to do is send us your
1:04.5	financial questions. The email address is ask Jill at JillOnMoney.com or if you are on
1:11.9	our website JillOnMoney.com. We've got a contact button. It's very easy. So this week
1:18.2	we are doing all you all the time. So know me reading your questions. This week it's
1:25.2	you in your own voices. If you would like to join us on the show, just let us know. Mark
1:30.3	does the rest. Isn't that easy? Today we are talking to John from North Carolina. His
1:37.2	wife is back in the workforce. Hi, John. How can we help you out?
1:41.4	So I'm in a good spot. My wife and I are in a good spot. She just started a new job
1:47.8	after staying at home working or butt off, taking care of our kids for 16 years. She started
1:53.1	a back full-time making a very strong six-figure income and coupled with my very good, strong
2:01.6	six-figure income. And our good dilemma is what do we do with the extra money?
2:09.3	I love extra money problems. So how much money do you have extra each month would you
2:17.1	guess? Probably close to $3,800, $4,000 a month.
	...

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