Fun Buckets & Donor-Advised Funds | Episode 019

Mark's Money Mind
Mark's Money Mind
Fun Buckets & Donor-Advised Funds | Episode 019
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In this episode Mark introduces the concept of the ‘Fun Bucket’ as a tool to facilitate guilt-free spending to overcome the psychological challenges of shifting from a saver mindset after reaching Financial Independence. 

Additionally, he discusses the utility of Donor-Advised Funds for charitable giving, explaining how they can maximize tax benefits and make charitable contributions easier and more fulfilling. He compares the features of donor-advised funds from Fidelity, Charles Schwab, and Vanguard, highlighting considerations for choosing the right fund. 

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Early Retirement Now – Safe Withdrawal Rate Series

Mindy on Money podcast

Die with Zero by Bill Perkins

The Fun Bucket – Overcoming the Frugality Mindset

Fidelity Charitable

Schwab Charitable

Vanguard Charitable

Bigger Pockets Money – FIRE by 50

Timestamps:

  • 00:27 Overcoming Frugality After Financial Independence
  • 01:40 The Concept of the Fun Bucket
  • 05:41 Implementing the Fun Bucket
  • 08:11 Experiences and Benefits of the Fun Bucket
  • 16:50 Introduction to Donor Advised Funds
  • 20:11 Setting Up a Donor Advised Fund
  • 26:14 Tax Benefits and Strategies for Donor Advised Funds
  • 39:06 Conclusion and Final Thoughts

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