Erica joins this week’s podcast, discussing what we consider “out of sight out of mind” spending. Maggie feels strongly that if you’re not tracking your expenses, 100% of your spending is out of sight, out of mind. We discuss a few spending categories that may be more out of sight and out of mind than others, such as subscriptions and memberships, insurance products, and expenses on autopay. We wrap up with some actionable tips for more mindful and intentional spending.
Show References:
- Amica Insurance
- How to check/turn off your subscriptions on apple phones
- Wealthfront high-yield savings account
- Inside Out Money episode 004 – The easiest way to be thin and rich
- Friends on FIRE episode #15 – Expense Tracking Gone Wild
- Friends on FIRE podcast #134 – Travel hacking our way to 1 million points in 2022
- Rocket Money
- Wordle
- Waffle
- Nerdle
- Book: The Daily Dad