What Can You Do With The Extra Money Each Month In Your Budget?


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In episode 148 of Financially Simple, Justin considers what you can do with your excess income.

If you’ve got your monthly budget covered, and have a little spending money left over, what should you do with that extra cash? Justin provides 6 suggestions on how to best spend any extra money in your budget.


00:53 - What Can You Do With The Extra Money Each Month In Your Budget?

03:24 - 1 - Pay Off Debt

05:05 - 2 - Stabilise The Monthly Budget

08:21 - 3 - Invest In Assets

10:07 - 4 - Invest In Yourself

11:52 - 5 - Increase Charitable Contributions

13:09 - 6 - Increase Spending

13:36 - Wrap Up


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The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional.

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