How to Money · Friday, July 24, 2026
Joel and Matt identified their personal 'craft beer equivalents,' representing significant splurges beyond beer. Joel's include local dining and purchasing unique art, while Matt's is his CrossFit membership, for which he also shared a cost-saving tip. Both hosts also detailed their paths to financial literacy: Matt was motivated by necessity after starting his first post-college job, while Joel's interest stemmed from his parents' financial struggles and his fifteen-year career in personal finance radio.
“So my other craft beer equivalents now is local places to eat is one of those things, we spend more money eating out than we do on travel these days. It's just kind of gone up in our book. And hopefully that will change as we get older and we'll go back. We'll revert back to more travel on once our kids get get bigger.”
“Yeah, like you said, craft beer equivalents, I think they do evolve in morph and change over time. And so right now I would say my craft beer equivalent is most definitely paying for my CrossFit membership, because it ain't cheap.”
“For me, I'll say that necessity is the mother of all invention. I became interested in personal finances when I realized they didn't have any money.”