Budgeting #3: How do you calculate your remaining expenses?

About the Episode

Ilona Friedman of CD Wealth Management lays out the foundation to calculate the remaining expenses we need to budget for — from housing and food to entertainment and charitable contributions. (This total will be used in the final episode of the budgeting series.)

About the Guest

More Insights on Budgeting

Read the Podcast: How to Plan for Your Children’s College
Podcast

How to Plan for Your Children’s College

By: Ilona Friedman

June 17, 2020

A popular method for setting aside expenses for college in the future is through the 529 Plan, which is a vehicle in which you store your money that grows tax deferred. Any money you pull out comes out tax-free if it’s used for qualified higher education expenses.