Budget Rehab: A Debt-Free Couple Plans for a Wedding, House and Baby (Plus: Inside Disaster Betting Markets)
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What is the premise of the Budget Rehab episode and who are the guests?
Today's episode is brought to you by Vinted.
Sean, do you have clothes in your trunk that you've worn but have no idea what to do with?
You know what? I do not because my car is super clean right now. But I'm betting that you do, Elizabeth.
I sure do, Sean, unfortunately. And I've been wondering what to do with these clothes. And then I found out about Vinted. So they're like this secondhand marketplace app. And their mission is to make secondhand your first choice.
Yeah, Vinted helps their members find great deals and easily sell the clothes they no longer wear. And that helps give quality items a second life again and again.
And it helps the planet too. And we care about the planet, don't we, Sean?
We do. Well, Elizabeth, whether you're clearing out a bag of clothes in your trunk that's been sitting there for months and months, or you just have pieces in your closet you don't want anymore, Vinted makes it super simple to refresh your wardrobe, earn extra cash, and give your clothes a second life. Plus, there are no seller fees, so you keep what you earn from every sale.
And also the app is free to download. I think that's a great perk.
Vinted makes listing items quick and simple. And once an item sells, Vinted creates a prepaid shipping label for you, which takes out a lot of the burden of sending your items.
See what's hiding in your closet or like me, your trunk. And you might be surprised how much you can earn with Vinted. Download the Vinted app for free to start listing with absolutely no seller fees. This couple brings in over $20,000 a month, has zero debt and expensive medium term goals. Today we dissect their budget to see how we can help them achieve their goals of getting married, planning for kids and buying a house.
Welcome to NerdWallet's Smart Money Podcast, where you send us your money questions and we answer them with the help of our genius nerds. I'm Sean Piles.
And I'm Elizabeth Ayola. One of you, yes, I'm going to say your name, Hannah, called us out and said that we haven't done a budget rehab in a while. So guess what? We have one for you today. And be sure to stay with us later on the show because we have the latest money news coming today. Jack and Lauren are here today to talk through their budget and financial goals live.
Jack, Lauren, welcome to Smart Money. Hey,
thanks for having us.
Before we jump in to your budget, Jack and Lauren, and getting to know you, for anyone out there listening or watching who's unfamiliar with budget rehab, we essentially go through your budget and see how we can improve it to help you achieve whatever your financial goals are. So if you would like to come on, like Jack and Lauren, and have your budget rehabbed, we have a form that you can fill out in the episode description.
So Jack and Lauren, I want to hear a little bit more about your life. I heard that you guys just moved from Japan to Washington, D.C. What was living in Japan like? I'm a huge fan of the country.
So we were in Japan for about a year and a half, both active duty naval officers. So 18 months. But we also spent a lot of that out at sea. But we definitely capitalized as much as we could. We were in Japan. We did a lot of traveling. We ate a lot of food. We
ate a lot of food.
The best food. Yes, the best food. And since being in D.C., there's good food here, too. But we are we are missing our time in Japan a lot.
Yeah, the price point for really good food is a little different in Japan than in D.C. It's so cheap to get just the freshest sushi in Japan.
We miss walking into a 7-Eleven and having it feel like a small Whole Foods at a
quarter of the cost every
day.
Wow. I have a question for you guys. Tell us a little bit about your relationship. So you're together. How long have you been together? Tell us about that.
Early 2024 is when we went on our first date. Am I right? Is that right?
Yeah,
24. Yeah, that's right. I knew that. And then we spent about a good part of a year in San Diego doing Navy schools that we had to do. And then both of our ships were out in Japan. So moved out to Japan together.
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Chapters
4 chapters
1
What is the premise of the Budget Rehab episode and who are the guests?
0:00–4:05
2
How did Jack and Lauren’s life in Japan shape their financial outlook?
4:05–6:20
3
What does Jack and Lauren’s $20,500 monthly income look like after housing, food and transportation?
6:20–27:52
4
How are the couple planning for a wedding, a house purchase and a future car?
27:52–38:02
Speakers
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