Drunken Money

For this episode, we wanted to mix it up and let you, our listeners,  ask us any questions you had about personal finance. Ask Drunken Money Anything:  What is our best advice for planning ahead for a large purchase (such as a vacation), without sacrificing going out to the bars and making fun purchases? This is the reason we created the "Six Tenets of Drunken Money". Make sure you know exactly how much money you need to reach your goals, and then use the 50/30/20 rule of budgeting to achieve your goals. Remember to always tell your money where to go, don't look back at the end of each month and be surprised by your purchases. There are a lot of great free apps to help with budgeting, and you can create a separate savings account for your large goal so you don't spend the money you've saved. Cut back on unnecessary purchases (such as Spotify or Netflix subscriptions) in order to achieve your larger goals.  How large of an emergency fund is necessary for a millennial? The general rule for emergency fun