10 Challenging Questions YOU Need To Answer About Personal Finance

Drew and Cavan sit down and talk about 10 challenging personal finance questions that everyone needs to answer. Spoiler - even they struggle with some of their answers. One size DOES NOT fit all here! In this weeks Money Minute, Cavan shares a simple rule of thumb that can help you determine how much money you need to save for retirement. Also, stick around to the end of the episode as Drew shares his experience on the slopes and Cavan relives almost ruining his wife's birthday. Welcome neighbor!

Check out the PenFed Credit Union article at:

10 Personal Finance Questions You Need To Answer

https://www.penfed.org/learn/10-personal-finance-questions

Don't want to watch the full episode, skip around to what interests you!

***** Episode breakdown *****

0:00 - Intro

2:35 - Is Your Emergency Fund Sufficient?

5:46 - Are You Ever Done Saving?

7:56 - If You Have Children, How Will You Help Fund Their Education?

11:58 - What Would Happen If You Lost Your Job?

17:00 - Have You Planned For Any Expected Changes In Your Living Expenses?

21:34 - What's The Most Reliable Way To Pay Off Debt?

26:29 - How Can You Improve Your Credit Rating?

30:21 - How Much Of My Income Should Go Towards Housing?

34:51 - How Will You Manage Finances With Members Of Your Household?

39:55 - Should You Be Saving For Retirement If You Have Credit Card Debt?

45:56 - Money Minute

46:56 - What’s Going On In The Neighborhood

53:47 - Outro

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