A couple set up a dedicated vacation account with $50 weekly deposits to see exactly what they could afford and avoid credit card debt. The speaker argues financial independence isn't about earning more, it's about control over what you spend.
The very first account that Kris and I set up was a vacation account. I call them clarity accounts. And it was something we always talked about, can we really afford this vacation? Can we not? And we'd rank up credit card debt we pulled from different accounts. But we set up an account just for vacations and started saving. I think in the beginning, it was $50 a week. We log in to that account and know exactly what we can do or couldn't do. And when you know what you can do or can't do, that's control. That's financial independence.
