The Personal Finance Podcast

How Much More Expensive Has Life ACTUALLY Become Since 2020?

July 13 · 54 min · Episode 544
0:00-54:04

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That $100 you had in 2020 only buys $77 worth of goods today. Here is exactly how much more expensive every single category of your life has become since then.


👉 Join Andrew’s FREE Investing for Beginner’s Masterclass: https://event.webinarjam.com/q05p7/register/0o8z9io?webinar_id=21


What You'll Learn in This Episode

  • Why the 29% inflation number feels like a lie and why it actually is for most households
  • How home prices rose 53% and why today's buyer finances $100,000 more than six years ago
  • The grocery items that got hit hardest and why your personal food inflation is higher than the average
  • Why the average new car payment is now $750 to $940 per month and how to win with cars instead
  • How childcare now costs more than in-state college tuition in 38 states
  • The insurance categories quietly draining your budget without you even noticing
  • What actually got cheaper since 2020 and how to use it to your advantage right now


Start Here

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Tool/s Mentioned


  • Total Cost of Ownership Calculator https://mastermoney.co/total-cost-of-ownership-calculator/
  • Auto Insurance https://secure.money.com/pr/h1ba429e808a

Episode/s Mentioned


  • Is the American Dream Dead? (With Freddie Smith) https://youtu.be/3Ivz8Ts9J2o
  • The Insurance Crisis Nobody Is Talking About (With Bob Litterman) https://youtu.be/gBuIOQKQgFM


Watch Next


  • Chasing a Higher Savings Rate, Semi-Retiring in Our 40s & Rebuilding After Bankruptcy (Money Q&A) https://youtu.be/OobdeA8qYbA
  • The Best and Worst Frugal Habits (Ranked!) https://youtu.be/_FKJfAjTi-I
  • She Hit Rock Bottom and Still Built a Six-Figure Life. Here's How. (With Rebecca Whitman) https://youtu.be/wBACCFI2w5s
  • How do Your Finances Compare by Age?! (Salary, Debt, Net Worth, Credit, Home) https://youtu.be/Z10g-yd76nk
  • How to Retire in 10 Years or Less! https://youtu.be/nStwD03vJ64


Connect with Andrew


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  • X → ⁠https://x.com/mastermoneyco ⁠
  • TikTok → ⁠https://tiktok.com/@mastermoneyco ⁠
  • LinkedIn →⁠ ⁠⁠https://www.linkedin.com/in/andrew-giancola-45027b340 ⁠
  • YouTube → ⁠https://www.youtube.com/@mastermoneyco/⁠


Question for you:

What is the one expense in your life right now that feels completely out of control compared to just a few years ago? Drop it in the comments and tell us what you are doing about it.

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