Introducing: Get Money
Moneysplained
Check out Get Money, a new podcast I'm in launching January 22nd! It's a fun time. www.getmoneypodcast.com
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Episode 18: The Power of the HSA
Moneysplained
With rising healthcare costs, HSAs have become increasingly popular as a tax-free way to pay for medical expenses. My guest Shobin Uralil, co-founder of Lively, a company focused on making HSAs flexible, affordable, and accessible to everyone, walks us through the benefits of an HSA. With proper planning, an HSA can become a valuable savings tool for retirement!
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Episode 17: How to Be Your Own Financial Planner for Free
Moneysplained
My guest is Ramona Ortega. She's the founder of My Money, My Future, a personal finance platform aimed at young women. We talk about all the amazing free tools out there for people looking to get their finances together and how the barriers to having a sound financial plan are slowly crumbling.
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Episode 16: How to Pay for College
Moneysplained
If you have college-bound kids or are thinking about funding a family member's education, this episode is a MUST LISTEN. My guest is the wonderful Joe Messinger, a financial planner who has dedicated his career to helping families pay for college. We talk about everything from the FAFSA to 529 plans.
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Episode 15: Budget is a Bad Word
Moneysplained
Setting yourself up for failure is almost inevitable when you're trying to save money. We're told by "experts" to make a budget and stick to it but often we have no idea where those budget numbers should come from. On today's show I talk with the Luxe Strategist about real ways to save money that actually work.
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Episode 14: Bookkeeping for Freelancers
Moneysplained
My guest is bookkeeper extraordinaire Katherine Pomerantz. When you own your own business you are not only the CEO but you're also the HR department, the accounting department, the mail room, the office manager. It's time to outsource and ask for help when you need it. The books - meaning the record that tracks inflows and outflows of your business are the heart of the matter. If categorizing transactions and spreadsheets don't excite you, it's time to hire help!
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Episode 13: Student Loans
Moneysplained
Understanding the 1.5 trillion dollar student loan crisis starts with individuals. Student loan expert Heather Jarvis takes us through every possible option for borrowers who find themselves underwater. From refinancing with a private lender to enrolling in a program that will eventually completely forgive the balance owed, we cover every angle of student loans.
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Episode 12: Death and Inheritance
Moneysplained
umans we naturally fear death. We fear the great unknown and we have to fear what happens to our loved ones after we go. In this episode we’ll cover estate planning and why having a will is just one small part of a plan to make sure your stuff transfers efficiently to your survivors while they are grappling with your death. I've got a brilliant estate planning attorney on the show to answer all my death and finance questions, plus I find out if I need a will!
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Episode 11: Health Insurance
Moneysplained
Whether you’re choosing a health insurance plan from your employer or shopping for your own on the exchange, there are a ton of terms you need to know: deductible, HMO, PPO, co-insurance, out of pocket, etc. My guest is Todd Erkis, a former actuary and insurance professional who is now a professor of finance at St. Joseph’s University in Philadelphia. He helps us wade through the confusing waters of insurance and warns us of the dangers and monetary penalties for not having insurance.
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Episode 10: The 10 Best Gifts Money Can Buy
Moneysplained
The holidays are approaching and that means you’re about to go on a spending frenzy to buy family and friends stuff they don’t need. Let’s change that. I’ll countdown the ten best gifts money can buy that will give you a chance to shift someone’s entire relationship to money. Along the way, I’ll explain how the gold standard worked, I’ll walk you through how to buy government issued savings bonds, show you how to buy bitcoin, and explore how microlending can impact communities thousands of mil
info_outlineWelcome to episode two of Moneysplained. We’re talking banks, fees, and credit card offers. This is a beast of an episode. From avoiding bank fees to evaluating three separate real-life credit card offers, there’s a lot to cover. I’ve got Kim Palmer from NerdWallet, which is an excellent website for doing comparison shopping for checking accounts, credit cards, online brokers, and loans.
This episode is all about being a smarter consumer and Kim will walk us through how to avoid confusing offers from credit card companies. Remember, they WANT you to rack up debt. They only make money when you rack up debt.
All those fancy travel rewards points are just the carrot on the stick. If you’re super strategic and can manage your credit card payments so you’re never carrying a balance, points can be awesome, and in a later episode I’ll detail how I spend seven nights in Italy relying completely on travel rewards points. I’ve been late a few times on my monthly payments but am generally good at paying off the balance each month.
If you’re spending beyond your means, aka you definitely couldn’t have paid cash, you might not be a great candidate to sign up for a credit card. And if you’re in serious credit card debt, we’re going to talk about getting help and repairing your credit and credit score in the next episode. First we have to learn how to be discerning consumers.