—Guest: JJ Montanaro
—Topic: Saving for Short Term and Long Term Goals.
Today Ellie and Bethany hop in the car on a road trip to meet JJ Montanaro to talk about planning for the future. On the way, they discuss saving money on travel—from road trips to International trips, there are a lot of great resources out there to help you. JJ suggests to have a plan when saving: Start Early, Start Small, and Stay Committed. He touches on deterrents to saving money, having a stash of cash for an Emergency Fund, long term goals like Retirement, home down payment, vacation, then moves onto having savings accounts earmarked for specific goals, what percentage should go into savings, what to look for when it comes to BRS. Once Ellie and Bethany get back to the Money Millhouse, they talk about their own savings goals, the importance of an Emergency Fund, and finish on why serving the Military is so near and dear to their hearts.
JJ Montanaro is a Certified Financial Professional for USAA. He earned his
Bachelor’s from the United States Military Academy. Montanaro has two decades of experience as a financial planner and served in the US Army for over 20 years on Active Duty and in the Reserves. JJ’s focus has been to help families realize their goals and his advice has appeared in outlets including the Wall Street Journal and USA Today. He writes monthly finance columns for Military Spouse Magazine and American Legion Magazine.