Money In The Bank: Recent Episodes
Money In The Bank Podcast
And now the pause has ended…… 3 years ago student loan payments were put on pause due to COVID but now they are coming back. We discuss that and other programs still in the works on this weeks episode.
Today we discuss the difference between credit unions and banks. The pros and cons of each one and why you might decide to go with one over the other.
There have been stories in the news recently that mortgage fees are going up for people with high credit and decreasing for people with low credit. Today we dive in to report on what is actually happening, what the click-bait news titles get wrong, and how this might impact you.
On this weeks episode we talk about setting up a budget or checking in on your budget using tracking tools and the high level 50/30/20 advice to get you started in the right direction.
This week we talk about using a 401k/403b to save for retirement. We discuss contribution limits for the plans, what percentage you should be saving as well as where you should be at with your current savings. Tune in for all things retirement!
With inflation rates going up it can be hard to feel like your dollar is going as far even if you are trying to save. Today we discuss how we feel the pinch but also how we’ve pulled some levers to make sure we can still save the money we want to while battling rising costs.
We are back after a hiatus that lasted over a year and well a lot has changed!! We run through some of the changes and set the stage for ALL the things we want to talk about in the future. We’re so happy to be back, we hope you’re ready to journey with us again <3
On this weeks episode we discuss what our actual spending was in 2021, if we were happy with it and what area’s we expect to cut back on in 2022.
This week we chat about the importance of medium-term money and how investing can help you generate wealth for the long run!
From impulse purchases to collecting pokemon cards who told you to buy that? We all end up with items and often there's a lot of marketing behind the scenes to get us to buy specific products. As we try to be aware of these items, we can combat the urge to impulse spend and save thousands of dollars a year, literally, and that's pretty rad.
We’re back with our favorite, legendary episode series “Stinky” but with a twist this time! You are the stinky one! Tune in to find out what we’ve learned about air quality importance, and how you can save money but using less of your everyday cleaning products..
We’re facing a labor shortage and it seems like no matter how much companies are paying they still can’t find workers. We chat about some of the reasons people have left the workforce and speculate on if we think they are going to come back!
We look ahead to 2022 and discuss retirement account limit changes as well as a potential change to the Backdoor Roth IRA.
Holiday gift buying can be overwhelming and expensive but if you take a step back and remember to enjoy the season you may find yourself spending less money and making more memories. Listen in for some of our tips to have a unique, fun-filled holiday season!
Everyone knows that babies are super expensive right? Not necessarily, while there are some things you can't avoid spending money on there's a lot of ways to save money and especially in the first year keep expenses low. Tune in to find which products we splurged on, which ones we saved on and which ones we found secondhand.
We talk about our new car purchase, how we decided we needed a new car even though our old car was in great shape, how we analyzed our options and if we regret anything!
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We discuss 10 more ways to build wealth while also living a happy and fulfilling life, because that IS what it's all about!
In this weeks episode we give you tips on how to shop around on your next mortgage or refinance and how you can negotiate different items to get the best deal!
In this weeks episode we discuss 529 plans and go through each state to let you know if they offer a credit or a deduction. To spice it up we also list a fun fact for each state, which is totally accurate by the way.
This week we chat about why high deductible plan deserve another look and health savings accounts can be a good tool in your portfolio!
We sold our second car four years ago and after all this time we chat about if it was a good decision and if we have plans to buy a second car again.
We chat about how to invest, the vehicles you should invest in, and why you should prioritize retirement accounts in this weeks episode!
With historic low interest rates we're seeing a lack of affordable housing as home prices are being driven up which is contributing to more people missing rental or mortgage payments. We discuss the current housing climate and what may happen in the future!
We don’t often get on to talk about SPENDING money but as we’ve continued on our path of frugalism we realized now that we are more intentional with our purchases it’s not always the right answer to just buy the cheapest thing but rather the right product. Today we chat about how we try to be intentional with our purchases to support the small businesses dear to our community and invest in the future we want to see in a post-pandemic world!
We’re back! After a crazy last few months we update you on our life over the past few months and how by saving the last few years we were able to weather the financial storm.
On this weeks episode we discuss how we invest during a market downturn and how we handle volatility with our investing strategy.
This week join us as we chat about how we structure finances as a married couple and how we communicate around big and small purchases.
A couple years ago we moved from a single family home back to a small apartment and in that process we intentionally got rid of many material possessions that we no longer had the space for. As we've transitioned to a more minimalist lifestyle we've continued to donate various items that no longer serve our needs. We look back on what we got rid of, how we feel after getting rid of everything and what items we ultimately miss.
What should you do if your income is reduced? On this episode we talk though how to budget on a reduced income by focusing on essential expenses and potential items to reduce during crunch time. We also discuss how to leverage your emergency fund to buy some time and ultimately develop a new, sustainable plan going forward.
From time to time the calculation behind the FICO credit score changes. As FICO 10 is being rolled out this year and credit bureaus look towards moving over to this new system we update you on what those changes will mean for you. Join us this week as we discuss these changes and how you can improve your score going forward.
As a follow-up to our episode last week we chat about the coronavirus financial relief package that the US passed recently. Now the details have emerged so we are able to dive a bit deeper and provide some more clarity on the issues.
Join us this week as we give real time updates involving tax payments, student loans and mortgage relief in the US due to the coronavirus outbreak. This podcast was recorded on March 21, 2020 and we will aim to provide updates as we learn more.
Imagine a house with super low energy bills that is also warm in each and every room in the winter, a house that is cool in the summer, and most importantly a house with no bugs. What if we challenged our current building standards and made better homes? Tune in this week to hear our opinion of the passive house movement and if we plan to join the growing trend someday.
We chat about the current market swings and what you should do. This episode was recorded on March 12 which saw the largest market single day decrease since 1987. In this episode we discuss what our plans are with the market and how we stick to the plan even in tough times.
As expecting parents there is a lot to learn and research as you anticipate your new baby. We chat about some of the big purchases like cribs, car seats, etc and chat through how we figured out what was right for us. While getting a nursery ready can seem overwhelming, by taking a step back and finding the right products it can truly fit any budget!
About 20% of Americans will experience identity theft in the next year. Until it happens to you it’s easy to think that it will never happen. On today’s episode we chat about what happens when your identity gets stolen as well as some tips that everybody should be doing to prevent it!
An Investment Policy Statement sounds scary & fancy but really it’s something that everyone should have. Whether it’s simply a few lines jotted down on a piece of paper, or a more well-thought out plan - it helps make sure you are comfortable and confident with your investment plan no matter what the market does.
On this weeks episode we chat about various hobbies we have and how we keep the costs down. The key is to just get started with what you have and then slowly add nicer items to your collection as your hobby develops over time.
Frugality is a muscle but luckily it’s a muscle that fills your life with meaning and purpose. By choosing to focus on things that make you happy and only adding items to your life that bring meaning you reduce the amount of money you spend while increasing your overall happiness. It takes a while to change your mindset but once you do it’s a really powerful lesson that continue to reap benefits for years to come.
A couple good books I would recommend for those interested in reading more about personal finance:
The Millionaire Next Door by Thomas J. Stanley
Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
The Simple Path to Wealth by by JL Collins
Most of us that have 401k’s or IRA’s or even a taxable account will have something called a mutual fund. This is essentially just a collection of stock, which takes the guess work out of picking choosing stocks and sets us up on a path to success. However, if you ever take a step back and click on your 5-character ticker symbol your head might start spinning as you try to make sense of it all. On this weeks episode we open up a Fidelity fund and walk through what all the different information means - you’ll find similar information no matter who your service provider is, but if you want to follow along with us, here’s the fund we were looking at: https://fundresearch.fidelity.com/mutual-funds/analysis/315911693?documentType=QFR
What do you do when you have a large expense in a month? For most people this might have to go on a credit card - but today we chat about sinking funds and how setting them up can help absorb large expenses. While emergency funds help to cover unplanned expenses, sinking funds are a great idea for semi-annual tax bills, annual insurance payments, and things that you might not know the exact dollar amount of but can save for anyway like car repair. Tune in to hear how we’ve used sinking funds and how they might benefit you.
We chat through the various emotions of budgeting and prioritizing savings goals. So much of how we manage our finances becomes emotional but if we step back and think about things logically it's typically easier to find a solution.
We took a break from the podcast recently since we were moving. On today's episode we chat through our thought process of moving and the choices we made such as hiring movers, buying instead of renting, how we unpack our house and more!
There's a lot of financial advice out on the internet that is both good and bad. Today we discuss some of the common financial myths we hear and why they aren't super reliable to believe. Tune in to hear our opinions on credit cards, buying a house, and more....
Okay guys get ready for one of our longest episodes ever. We’ve been landlords for a few years now and we’ve learned a lot along that way that we wanted to share with you in this episode. From how we got started in real estate to tips on marketing your property or figuring out if your property will cashflow we cover all of the basics on this episode.
On this weeks episode we finally pull in some information for our international listeners and chat about the different tax rates in different countries as well as how retirement programs work. We compare pension programs to hybrid programs to 401k style savings plans in this episode and talk about what is best for long-term retirement success.
When I was a kid if I complained about being bored my parents always told me to “use my imagination”. As adults it seems like we have lost our ability to use our imagination. I recently saw an article talking about how the average American spends $2,500 a year on entertainment and several people in the comments mentioned they couldn’t imagine cutting their spending in this category. So the challenge this week is to think about ways to be entertained that cost absolutely nothing (or very little). From free content you can stream on your TV to free apps that teach you how to plan an instrument and much more there is something for everybody to explore. You can have a good time, and save some extra dough!
This episode is a bit different than our usual so buckle in and get ready for a rant. We discuss various spending categories and why it’s important to keep an open mind when you are starting to make budget cuts. Instead of immediately thinking it would be impossible to spend a lower amount each month why not set a goal to spend 5% less in a category than the month before? All these baby steps add up and after all, a Millionaire is Made $10 at a time.
In this weeks episode we talk about the big decision of buying a house. How to make sure you save enough for the down payment, those pesky closing costs, as well as setting up a maintenance fund because if there’s anything we’ve learned in our years of home ownership it’s that you will always need a rainy day fun!
The fourth part of our investing series is here! This one covers some more advanced topics such as timing the market with dividends and TLH. If you haven’t listened to our other three episodes on investing I highly recommend checking those out before jumping into this one!
One of the reasons I started the podcast was every time I talked about personal finance with my friends people often remarked "I wish they taught this in school". We pulled together a list of the things every body should learn about personal finance before graduating high school in this weeks episode.
In a world with so much free content how will the payment system change in the future? Patreon has done a lot to help smaller creators make a living but at the same time that passes the burden onto the listeners to support their favorite producers. It’s a fast-changing industry so on this weeks episode we talk about the various models and discuss why we personally haven’t tried to monetize just yet.
In this weeks episode we chat about the things we actually spend money on and when we do spend money we don’t have any guilt about it! We chatted last week about how we don’t follow a strict budget so while we don’t go overboard in any of these categories we’ve learned to be at peace with our spending levels.
Join us as we chat about how we try to optimize each financial decision we make in lieu of a super formal budget. It’s worked well for us for many years so we wanted to share our thought process!
A large goal for many of our listeners is to help pay for their childs college education. With college costs increasing by 4% each year this can quickly inflate to a large amount. In this episode we tackle how much you need to save per month if you want to pitch in $20k each year for your childs education, this information can be found in the table below. We also chat about how to offset that cost with scholarships, community college programs and even exploring other options to education.
In this weeks episode we continue the discussion on thinking outside of the box and being willing to try to approach life differently. By changing up simple quirks here and there you can start to save more money.
Buyers remorse is more common in home purchases than we thought! From feeling pressured into buying the wrong home to not realizing just how expensive homes can be people have various regrets. Tune in this week to hear about some common regrets and how to avoid them!
Probably one of our weirdest episodes yet...these week we force you to challenge your thinking about any fixed routines you have to see if you can break away from the norm and challenge yourself to try new things or end old habits.
Today is the day, while we've talked about food quite a few times on the podcast we're dedicating a whole episode to it today! Tune in to hear how we were able to keep our grocery bill to a reasonable amount while eating delicious things!
When you look at the average person down the street you probably would never think they are the millionaire right? Surely that’s the person driving a fancy car and living in the bigger house right? Well typically that’s wrong! Usually it’s the frugal badasses that make less but save better than become wealthy while those that make a large income but spend it all on appearing rich never see their net worth grow.
What happens when you graduate and you don’t land the job of your dreams but you still have to start making payments on those pesky student loans. We walk through how to set a low budget to still get those paid off faster than the standard 10 years.
We all know that the best diets in life are the ones that are sustainable for the long run, that make us feel good about ourselves, and that work for our needs and wants to make it easier to stick with it. When you apply that same practice to your finances it actually makes a lot of sense! Whenever you create a budget you need to make sure it includes indulgences every once it a while so that you can stick with it. You also will realize that at some point when you’re in the middle of your journey it doesn’t feel exciting anymore - this is when putting things on auto pilot is your best friend. Just set it, and forget it, and you’ll be amazed how quickly you can grow your savings.
I saw a statistic recently that well over half of the population doesn’t know what compound interest in. Join is as we break it down and explain it so the everyday person can understand it and understand how to harness the magic to build wealth!
In this weeks episode we discuss our best and worst financial decisions over our lifetime and dive into what things set us up for future success and what areas we had some lessons learned.
How many of us actually take the time to figure out how much we’re paying per mile? The answer is typically very few. In this weeks episode we break down how much your car is really costing you per mile and look at various examples to illustrate the point. What if I told you you could be $100k richer in 10 years just by driving a different car? If we think about it that way it almost feels like a no-brainer to pick the economical choice! Plus, what’s the deal with Teslas? We chat about all of that and more on this weeks episode so tune in to find out how driving a Prius can help build wealth.
The definition of luck is where opportunity meets preparation. Join us in a laid back episode where we chat about various business ideas we’ve tried and lessons learned along the way. We also discuss how having self-control can help you save money and various ways we incorporate that into our daily lives.
While we’ve talked a lot about reducing vehicle expenses or using alternative forms of transportation we know that the reality is most people will eventually need an auto loan. In this weeks episode we sit down and chat about what terms you should look for, how you should get an auto loan, and how much you should spend. Once you decide to buy a car here’s the steps you should take:
Figure out how much you can spend using a financial calculator like this one for example. If you enter 5% for the interest rate, $115 for the payment, 60 for the number of periods, 0 for the future value, and then change it to monthly, payments to see in that case you could spend 6,093 on a car if you wanted a 5 year loan and payments of $115.
Head to your local bank or credit union to see if you can get approved for the $6,000 loan you want above and see what their interest rate would be.
Find a car you want!
Head to the dealer; if you qualify for their promotional financing GREAT. If not you already have financing through your credit union which is awesome and probably is a lower rate than they can give you.
Don’t budge on your price, don’t get emotional. Walk if you can’t get the car you want at the price you need.
Eventually, you will find the perfect car at the perfect price and drive off into the sunshine :)
Join us for the second episode for our special series on Stoicism. This week we jump in and chat about voluntary discomfort and how it can improve your life by making you more confident, more resilient, and more frugal! I know it will sound counter-intuitive but listen to this weeks episode to understand how you can actually be happier by making yourself uncomfortable.
Join us this week as we dive into the world of being in debt. It sucks, it’s not fun, but with consumer debt rising year after year it’s a reality for most of us. We’ll talk about “good debt” versus “bad debt” and everything in between. Then we’ll break down a plan to get you started on your debt payoff journey and even talk about which debts to prioritize paying off!
What if I told you I knew the secret to a happy life? A life full of peace and tranquility? Most people assume that money buys happiness and luxury is the secret to eternal bliss. In fact, that’s almost the opposite of the truth. As a famous philosopher said: “Mo money, mo problems” - oh wait that was Biggie… but he wasn’t really wrong! In fact there are some simple exercises you can do to trick your brain into valuing what you have even more and realizing that upgrading your life is not the key to happiness. The principle is hedonic adaption and really it’s a fancy way of describing that feeling you get after you take that first sip of your double espresso - but eventually as we all know, that caffeine high wears off and you are no better off than you were before. By tricking ourselves to appreciate what we have; we can come out ahead financially but more importantly in the game of life!
What’s the difference between an FSA and an HSA anyway? What are pros and cons of each one? Join us as we chat about these two savings vehicles and we’ll explain what they are, who might benefit from using them, and why you should use them!
Now that we are officially into the longest government shutdown in history in the US what are the options for the many people that aren't receiving their paychecks? Tune in this week as we discuss a plan of attack to make sure you can keep paying your bills during this time.
Well we showcased our 2017 annual spending last year and now we bring you our 2018 annual spending so it must be a tradition! Sometimes it helps to hear a real budget for the year and break the stigma of sharing our personal finances. We walk through every penny we spent in 2018 while we compare it to what we spent in 2017. Then we look forward to the new year and chat about what areas we want to cut back and what areas we want to expand. How did your 2018 look? Do you have savings goals for 2019?
We had so much fun making last weeks episode that we decided to do another one! After we gave out the first 10 we both realized we had a few more tips up our sleeves. So here is part 2 give you a total of 20 ways to save money. Even if you can only apply a few to your life you can start saving at least $50-$100 each month.
Now that we’re heading into a new year it’s the perfect time to start thinking about setting annual savings goals! We offer some of our favorite tips on ways to save money and even if you only apply a few you could easily end up saving an extra $50 or $100 every month!
Tax Season is just around the corner! Do you know what documents you need to gather before you start filling in your annual taxes? We discuss that as well as different options to do your annual taxes so you feel prepared when the time comes.
We all learned about the 3 R's as kids but we forget to apply the principles as adults. They really are listed in order of importance and not just beneficial from a sustainability perspective but also our wallets! Tune in to hear how we reduce, reuse, and recycle and some benefits of it.
Planning a big move across State lines? Tune in to find out how to cut costs. Plus if you are apartment hunting (or even house hunting) we talk through how we made our most recent decision.
It feels like politics are more divided than ever and getting unbiased information is getting mroe and more difficult. Today I break the cardinal rule of not discussing politics to bring you information on how the results of the midterm election may affect two different areas of your finances: retirement and healthcare. Each party has suggestions for how to improve those two areas and I dive into the similarities and differences this week!
Job hunting can be nerve-wracking but it’s important to take a deep breath and remember you are interviewing the company just as much as they are interviewing you. That’s how you can make sure it’s a good fit on both sides. So relax, be yourself and move forward with confidence! In this episode I’ll touch on refreshing your resume, giving you some interviewing tips, as well as how to excel at any job you have.
Thanks for being patient the past few weeks when I needed some time off. Excited to continue coming out with more, exciting content and if you have any topics you’d like covered just leave a comment!
It sounds counter-intuitive to what we usually talk about on the podcast but I promise it’s not click-bait! I’ve crunched the numbers and analyzed both strategies heavily so today I answer the long-time question of whether or not you should pay off your mortgage early. Tune in to hear why we chose to payoff our mortgage as well as why we changed our strategy and are better off for it!
We've talked before about how buying a house instead of renting isn't always the best decision so what if you decide to go form being a home owner back to renting? Or perhaps you want to continue being a homeowner but you want to downsize. We discuss some of the pros and cons of this decision and all the extra stuff you might not even realize you've accumulated over the years!
Sorry for the break! We are back this week with an extended episode talking about the student loan forgiveness program as well as the income based repayment plan. We also touch on if refinancing is the right think for you as we deep dive into one of America's biggest financial issues: student loan.
Since September is Life Insurance Awareness month we wanted to cover an episode on life insurance. What is it? How much do you need? What are the different types? We cover all of that and more in this weeks episode.
Tune in this week to learn if Angie's crazy utility saving tricks worked or if Brett was right in thinking it wouldn't make a difference. Then we dive into Sunk Cost Fallacy - the irrational decision making because you've already put money into something. We discuss what it is, how to avoid it, and why if you wouldn't buy something today you should probably sell it even if you "lose" money in the process.
Join our No-Spend September challenge! The goal is to deprogram yourself of bad habits and only spend money on essentials this month. It's a great challenge to help combat the ease of 'one-click' ordering that's made impulse spending so much easier. We spend the second half of the episode discussing how we talked about finances early on in our relationship and why it's beneficial to have those talks sooner rather than later.
Do you have variable income each month? Either because of inconsistent hours or because you are commission based? If so this is the episode for you! We chat about some of our best tips to make sure you can pay all of your bills even when your income might be all over the place.
What does it really mean to afford something? Is it simply enough if you have the money in the bank or is it bigger then that? Tune in this week as we discuss how to afford the bigger things in life and achieve your long-term goals. Plus hear Brett yell at me for complaining about thermodynamics......I still stand by my opinion - coffee cups should be better insulated especially if I'm paying for it!
This weeks challenge is to track your expenses for one week and see how much you spend per day. Then see if you can spend less than us ;)
Are you buying a house for the first time? How on Earth does this process work? I promise it's not as terrifying as it may seem. Learn how to plan ahead to make sure your first time is super exciting instead of super overwhelming! Make sure you plan ahead financially, find a good team of professionals and you'll be happy in your new home in no time!
In this episode we discuss how you should allocate your budget as well as challenge you to save $30 a week. With the power of compound interest on your side $30 a week can turn into massive amounts of money down the road. No matter what your budget looks like today, making small changes over time leads to big results.
In this weeks episode we discuss different ways of budgeting from the envelope model to the intuitive method. Figuring out what works for you is one of the first steps to be successful with a budget!
We made it to episode 50!!! We've given a lot of advice over the past year but if we had to boil it down to 10 bullet points here's what our list would be: 1. Compound Interest 2. Opportunity Cost 3. Stick to the Plan 4. Don't fall for marketing 5. Kill consumer debt 6. Cars are more expensive than you think 7. Don't inflate your lifestyle 8. Rent vs. Buy 9. Don't listen to people who are bad with money 10. Pay yourself first
What separates successful small businesses from failures? There's so much that goes into owning your own business we are really just scratching the surface in this episode as we discuss traits of highly effective people, how to incorporate these into a business to be more successful and what things you should learn more about to be successful. We'd love to do more so if you want to hear about business topics leave a comment or shoot us an email!
Would you describe yourself as frugal? 5 years ago I would not have but now I would say it's a pretty accurate description. Join us as we chat about how we've slowly become more frugal over the years and give some fun facts on why you might want to consider it too!
This week we dive into our first case study! A listener contacted me and asked for help to break out of poverty. After arming myself with research and crunching the numbers I helped come up with an action plan to turn the train around and start building wealth. 45 million Americans find themselves in poverty and since I aim to be a podcast for the Average Joe it means tackling the tough issues and helping people pave their path to a better future. I cannot wait to see how they turn their lives around and climb out of poverty.
In part one we talked about saving money for your short, mid and long term needs. In this episode we talk about the other half of that: distribution! Someday you'll need access to that money you've been saving up so we wanted to chat about the best ways to tap into it. 20% of Americans run out of retirement money within 6 years because they take the lump sum of money out of their retirement accounts. In this we chat about what strategy you should use to make sure you don't out live your money!
Join us for the 1st of a 2 part episode. In this one we chat about how much you should be saving for your short term, medium term or long term goals! We also define what goals fall into which buckets and what tools you should use to reach your goals. So often we hear you should be saving x% of your income but finally we share where to put all that savings!
In our third episode on investing we talk about how to actually invest in the stock market! There are so many options out there now and we try to touch on all of them. Despite popular belief you don't have to travel all the way to NY and put your order in on the stock floor anymore - there are plenty of electronic ways to invest which makes it super easy to automate and take full advantage of dollar cost averaging.
Who runs the world? Girl! Unfortunately women typically are not running the financial world. It's still primarily dominated field with investment managers being 93% male! Over a 35 year working career the investment gap averages one million dollars! Study after study shows that women do not invest at the same rate as men for a multitude of reasons. One of my goals is to help educate women and men to make them more comfortable putting their dollars to work for them. Join me as I discuss these topics and propose solutions to remedy the situation!
We decided to become a one car family! Join us as we talk through that decision and discuss how much we'll be able to save by ditching the spare car. We will definitely keep you guys updated on how well this is working for us. We do live in a very suburban area that is very car heavy but by prioritizing this goal we were able to move close to work and stores to get down to one vehicle.
Obviously when you combined finances certain areas can be reduced but not always as much as you think. Join us as we discuss how we saved when we had single incomes versus how we merged finances and increased our savings rate. No matter where you are in your journey it's always a good idea to review your big ticket items and make sure you are content with your spending levels and make sure your savings rate is where you want it!
In this weeks episode we discuss various financial terms and break down the definitions to help you understand them. A lot of financial topics seem more complicated then they really are so we demystify various topics this week!
How much should you spend buying your next car? How long should your lease be for? What percentage down payment should you save? We answer all of these questions and more in this weeks episode as we discuss how to handle the car buying process and emerge without feeling underwater on car payments each month. As the average price of a car hit an all time high last year it's time for us to re-evaluate how we set our budgets and make sure we're not buying up for no reason.
In this weeks episode we chat all about credit scores. The factors that go into determining your score, how to improve your score, and how to stay on top of what your number is. Credit scores can be overwhelming and confusing but we break it all down in this episode!
In this episode we chat all things retirement! Are you on track for your age? Do you know how much you need to save to hit your goals? What if you want to retire early? We answer all of these questions and more in this weeks episode!
It can be difficult to determine where your hard earned savings should go. It's difficult to determine if you should focus on building up your emergency fund or start saving for retirement. In this episode we discuss how to optimize your savings and give advice on what savings vehicles you should be using.
This week we discuss how much house you can afford and walk through an example. We break down the numbers, and discuss mortgage related topics like closing cots, PMI's, 15 yr vs 30 yr mortgages and more!
When your car stalls out you go to a mechanic, when you need a root canal you go to a dentist, so who do you go to when you need help with your finances? Well usually a financial planner, or perhaps a financial coach. What's the difference anyway? And how do you pick one? We discuss all that and more on this weeks episode.
One huge way to get ahead is to make the switch from consuming content and goods to producing some of your own. This is a largely mental task because once you realize you have the power to create anything you want you realize just how easy it is. Everyone has a skill they could put to work and we could all learn from each other. So let's start the discussion and create a community where we support makers!
This weeks episode dives into questions from listeners as we discuss where to hold your mid-term savings, what you should do during a market correction and how to start saving small amounts to reach your big goals! We listened to what you wanted to know and merged a few questions to make one awesome episode. So listen, let us know what you think and feel free to shoot any other questions our way!
This episode we discuss all of the financial topics you should be reviewing on an annual basis. From 401k/403b contributions, to rebalancing your portfolio, to expenses, & taxes we touch on all of it! While that all might sound intimidating in writing - have no fear! We make sure it's easy to understand in our episode to make sure you set up 2018 to be your most successful year yet. After all: if you fail to plan, you are planning to fail.
Join us this week as we discuss the true cost comparison of renting versus buying and why equity isn't the magic bullet that makes renting a better decision 100% of the time. The truth of the matter is that buying wins out when you're going to stay in an area for a long time or if you are in an area where your mortgage would be significantly less than your rent. This episode is meant to help break common myths that renting is just throwing your money away by realizing buying can be just an expensive. If you're only in an area for a few years you'll grow your stache much faster by renting!
Join us for as we analyze our 2017 budget and determine what areas we should increase or decrease for 2018. We reveal it all in this episode and prove that we don't just talk the talk when it comes to the latte factor; our 2017 coffee budget was a whopping $31. Can you guess what our 3 largest expenditures were?
Join us as we discuss how we've started a few different small businesses over the years. We'll talk about capital needs, business plans, and various strategies we've used.
Did you know the average consumer spends $8,500 on transportation related expenses each year? At just over $.50 a mile it really adds up. Using a bicycle as a mode of transportation ends up saving you tons of money! Join us as we discuss common excuses for not riding your bike as well as how we both started using our bikes to get around town.
We discuss some ways to fill your free time to make a few extra bucks while watching Netflix or just relaxing. Whether it's working an extra job or picking up tasks online tune in to hear how to make a few extra bucks!
Do you know how much the average consumer owes in credit card debt in American? How about a car loan? Or student loans? We discuss these debts and why becoming debt-free is one of the best things you can do in life.
We discuss how to start tracking expenses to get your finances back on track and stop living paycheck to paycheck.
We run through some common marketing traps that trick you into buying things you don't want or need! Stick to your plan and you'll end up saving more and more as it gets easier.
Winter is coming so join us as we run through a checklist designed to help you get ready for winter and save some money in the process.
Many people ask us why they should save money at all instead of enjoying life why they are young. The goal is to find the right balance to maximize happiness without equating money to happiness. Seek out enjoyment in free things or producing goods that help grow your stache instead of activities that reduce your stash to dust.