Kyle and Sarah are in a great position. Kyle owns a mechanic and repair shop while Sarah works a regular 9-5. Combined, they’re both bringing in a solid amount of cash flow each month, but it may be getting offset by their expenses. With monthly expenses going into the 5-figures, it’s been hard for Kyle and Sarah to get the cashflow to start their real estate investing.A few months back Kyle and Sarah began tracking their expenses, and like many people, they were shocked at what they found. Some takeout food here, some shopping there, and other random expenses were really adding up, so they started to reduce their costs.Kyle and Sarah both have made significant contributions in their retirement and investing accounts, but they could be investing a lot more and getting a lot of write offs!Scott and Mindy walk through the main expense categories that Kyle and Sarah have, breaking down what can be improved, reduced, and left alone. Like many people, Kyle and Sarah have found that with some fine-tuning to their budget, they'll be able to increase their investments, by a lot!In This Episode We CoverWhy everyone needs to track their expenses and start to budgetHow to start tracking without shameWhy you should get quoted for insurance bundling every few yearsThe importance of contributing to your HSA (health savings account)Why employers may want to start 401(k) programs for their employeesWhether or not a life insurance policy may be worth the moneyWhat should and shouldn’t be a variable cost in your budgetAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingHSA – The Ultimate Retirement Account – Mad FientistBiggerPockets Money Podcast 27 with Lee HuffmanBiggerPockets Money Podcast 18 with Mad FientistBiggerPockets Money Podcast 161 with Mad FientistBiggerPockets Money Podcast 03 with Erin ChaseBiggerPockets Money Podcast 75 with Saving SherpaBiggerPockets Money Podcast 139 with Joe Saul SehyBiggerPockets Money Podcast 10 with Liz ThamesXY Planning NetworkBiggerPockets Real Estate Agent DirectoryFrugalwoodsCheck the full show notes here: https://www.biggerpockets.com/moneyshow164See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.