Couple Money Podcast

Feeling trapped at a job because you're dealing with debt? Find out how you can pay off your debt faster. Whitney Hansen shares how she eliminated $30,000 in less than a year! 

Feeling trapped at a job because you're dealing with debt? Find out how you can pay off your debt faster. Whitney Hansen shares how she eliminated $30,000 in less than a year! 

So financial independence in the truest sense is for me when you are officially at a point where you don't have to work anymore, you're officially retired if you so choose.

But the goal of that is, is that you can start to have a lifestyle that kind of mimics financial independence earlier on.

If you're very careful and you are paying off debt and you're intentional with your spending, and if you're not letting it get out of control, I think you can actually live some of those benefits sooner.

And so that's kind of what I what I believe is that you can have this really cool life if you are willing to do the hard work.

Now, you can actually have that life sooner than 65 years old.

Whitney Hansen

Paying Off Debt Faster

I've been noticing a shift lately when the topic of money and paying off debt comes up.

I hear from friends, family, neighbors and work buddies is this idea of having more options.

It's not about a specific amount in the bank or retiring by a certain date.

It's about being drawn to financial freedom because people to want to be stuck at a career they don't like or in a situation because they are just overwhelmed with debt.

My guest today, Whitney Hanson, knows all about that desire to have more options and less debt.

My guest today, Whitney Hansen, knows all about that desire to have more options and less debt.

Today we'll get into:

  • why motivated her to fast track paying off her student loans
  • how she was able to get rid of $30,000 in less than a year
  • what first steps she suggests if you want to be debt-free sooner than later

Hope you enjoy!

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Want to hear more from Whitney? Connect through her awesome podcast The Money Nerds, Twitter, and Instagram! 

Resources to Help You Dump Debt and Start Building Wealth

Tired of being in debt? Here are some resources to help you dump it and start saving more!

If you want to chat some more about creating better money habits, questions, or share your own tips please join us over at Thriving Families on Facebook.

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We've been members for years and love their service and competitive rates on checking and savings accounts!

Rollover Your 401(k) Easily with Capitalize

We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier. 

Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years

And because of the Great Resignation, you or someone you know might be changing jobs even more 

It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?

One huge benefit with an IRA is you get to choose how your money is invested, not your old employer. 

If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.  

With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf. 

Find out how and get started today!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Direct download: 2_More_Options_When_Debt_Free.mp3
Category:personal finance -- posted at: 1:32pm EST

Looking to dump your debt faster? See how you can find a community to support you on your debt free journey!

The Power of Community with Dumping Your Debt Faster

This month is all about paying off debts. Instead of talking about debt snowballs and avalanches, apps or sites, we're going to look at the community; specifically the support network you may or may not have and how it can affect your success. 

Toni Husbands is joining us today. She’s the creator of debt free divas and author of the book, The Great Debt Dump: Running Toward Financial Freedom with the Power of Community.

Besides knowing the stats and studies about getting out of debt. Toni has personal experience with becoming debt free.

If her voice sounds familiar it's because Toni was on the podcast before when she shared her family’s story of dumping six figures of debt. She had an added challenge because her husband Colin wasn’t on board at first.

So if you're in a similar boat, I think you’ll enjoy this conversation where Toni discusses how to find and build up a community to support one another with dumping debt!

Resources to Dump Your Debt Faster

Tired of being in debt? Here are some resources to help you dump it.

If you want to chat some more about creating better money habits, questions, or share your own tips please join us over at Thriving Families on Facebook.

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We've been members for years and love their service and competitive rates on checking and savings accounts!

Rollover Your 401(k) Easily with Capitalize

We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier. 

Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years

 

And because of the Great Resignation, you or someone you know might be changing jobs even more 

It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?

One huge benefit with an IRA is you get to choose how your money is invested, not your old employer. 

If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.  

With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf. 

Find out how and get started today

Key Takeaways

Before we wrap up, I want to share a few takeaways from the discussion with Toni, I think would be really helpful for your own debt free journey. 

  • Accountability can be a huge boost.
  • Develop systems and habits to help you overcome those tough times. 
  • Short term goals can build momentum and motivation.

Of course there's so much more that we can get into, including the ins and outs about finding the best methods of paying off your debt. So, if you want to get the latest episodes, tips, and videos to help you pay off your debts faster, save more. And invest better.

Please sign up over at couple money slash join to be a part of our VIP community. It's free and you'll get weekly emails sent to your inbox with all that information sent to you for your convenience.

I want this year to be an incredible year for you and your family!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money

Music and Photo Credits

Music in this episode was provided by artists from Audiio. Photo by Helena Lopes from Pexels

Direct download: 1_Dump_Debt_Faster_Through_the_Power_of_Community.mp3
Category:personal finance -- posted at: 6:04pm EST

In today’s bonus episode, we’re diving into hitting your money goals while still having fun! 

Ready to Stack Some Benjamins in 2022? 

Welcome to this end of year bonus episode! 

As we’re winding down and wrapping things up for 2021, one of the best things we can do is setting things up to make it easier to achieve our family and financial goals.

For us, it’s doing a review of the numbers to see what’s worked and what’s not. We’re also spending time now deciding on what we really want to do in 2022 while of course keeping some flexibility because COVID is still a thing.

 

A big challenge many families face is creating and sticking with a plan that allows them to pay down their debts, save for priorities, and invest more. 

Today’s episode has something that I think will be a huge help. 

I had the pleasure of chatting with Joe Saul-Sehy of the award winning Stacking Benjamins and personal finance author Emily Guy Birken about their new book, Stacked: Your Serious Guide to Modern Money Management

Which is a mouthful of a title, but I got to tell you, the thing that jumped out at me about the book was how fun it was to read!

Joe and Emily do an incredible job not just explaining key financial points, but they weave it in with game references (Oregon Trail, Tetris, and Monopoly are included in the first few chapters), but they have inside jokes, comics, and more. 

It’s all about making personal finance accessible and well, not boring. 

So if you’re looking for a reset, reboot, whatever you want to call it, I think you'll enjoy our conversation! 

Stacked Giveaway

To celebrate having an incredible 2022 and the release of Joe and Emily's book, we're hosting a giveaway!

I'll be doing a random drawing to reimburse 5 listeners who pre-order Stacked as well as give them Amazon gift cards!

Just enter here!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We've been members for years and love their service and competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

Music Credit

Music in this episode was provided by artists from Audiio.

Direct download: CM_EOY_Bonus_Episode_Stacking_Benjamins_in_2022.mp3
Category:personal finance -- posted at: 11:15am EST

Today we’ll go over key steps on how to make and achieve your big family financial goals for next year! 

How to Set Up (And Achieve) Your Family’s Financial Goals

As 2021 winds down, now is a great time to set up some pieces with your finances so you can knock things out of the ballpark in 2022. 

 

Last week I went into how we’ve done year end reviews. They’ve been a wonderful way for us to get a snapshot of the progress we made and identify areas where we may want to adjust. 

 

Most of the numbers reviewed are automated. There are some fantastic options out there like Personal Capital, Mint, Tiller, and You Need a Budget that can pull the numbers from your accounts into one neat dashboard. 

 

However a year end review is just that - a review. If we want to level up for the next year, we have to have some blueprint or plan. 

 

Here’s where it’s key for us to create our family financial goals. They give us a guide on how to allocate or prioritize our money for the year. 

 

Today I want to walk you through some critical parts of that process so you can craft a game plan for next year and beyond. 

 

In this episode, we’re going to look at how you can tackle some major hurdles families have with creating and reaching their financial goals. We’ll discuss:

  • Creating better family and financial goals by taking the three most popular money goals families set and turning them into SMART goals
  • Crafting a plan so you develop key habits that make it easier to hit your goals
  • Finding time to adopt these new habits and systems

Are you ready? Let’s get started! 

Resources to Build Up Your Family Finances Together

Direct download: CM_Bonus_Creating_Smart_Family_and_financial_Goals.mp3
Category:personal finance -- posted at: 1:40pm EST

Get a peek into how we did with our goals for this year and see how you can do your year review and set yourself up for an incredible 2022!

Why You Need to Do a Year-End Review with Your Money

It's November, aka the time of the year where I usually start winding down. 

As you may or may not know, I take December off from the podcast to recharge and rest things. We also have our anniversary then.

With those things in mind, these last two episodes of the season are focused on helping you set things up for a fantastic year in 2022 and beyond.

Besides our monthly money review, one of the things we do is a year end review. It’s a way for us to review the numbers, celebrate wins, and see what we need to work on. 

We then take that information and use it to plan out the next year. 

Today I want to walk you through the process. We’ll go through our goals we made for the year, finding the money to reach them, and whether we’re on track with them or not.

 

Next week, we’ll then look at how to create goals in a way so you can make progress. 

Are you ready? Let’s get started!

Resources to Build Up Your Family Finances Together

Thank You to Our Sponsor Coastal!

thanks to our podcast sponsor Coastal Credit Union. If you want to live better, you have to bank better!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

Find out more about what Coastal offers here!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Today we’re going to look at three common and awkward arguments married couples have around money  and how you can tackle them together! 

Awkward Money Conversations When You’re Married

Marriage and money isn’t always easy. Chances are the two of you have different personalities and approaches to finances. 

Those differences can be a wonderful thing as you two can lean on each other’s strengths and shore up weaknesses. 

But finding your financial footing as a couple is not automatic. If you don’t have some way to work on it, it can hurt your marriage and money. 

One of the first things to realize about why couples fight or argue over money is how frequently it’s actually NOT about the money. Seriously. 

From personal experience, writing and speaking about this for over a decade, the most common reason couples fight about money is that they are not in sync with each other in either their expectations, values, or priorities. Usually it’s a combo of them. 

While you two aren't always going to see eye to eye on everything – again those differences can be fantastic- there are some ways you can work as a team and use those differences to your advantage

Today we’re going to talk about how you can use that knowledge to untangle some awkward money conversations that can come when you’re married. 

In this episode we’ll get into questions like:

  • figuring out what counts as a big purchase
  • whether to loan money to family
  • coming clean about debts

Resources to Build Up Your Family Finances Together

Thank You to Our Sponsor Coastal!

thanks to our podcast sponsor Coastal Credit Union. If you want to live better, you have to bank better!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

Find out more about what Coastal offers here!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

How happy are you with your current banking situation? Are you getting real value out of your checking and savings accounts? Or do you feel like you’re getting nickeled and dimed? 

Today we’ll go over how to find a better banking option and how to seamlessly move your money! 

Why It Matters Where You Bank

These are all important to your financial health and making progress on your goals, however we left the biggest piece of the puzzle last – your day to day bank accounts. 

Your check and savings accounts are the backbone to your family’s financial system, but for most of us, it's almost like an afterthought.

Much of this goes back to how we chose our accounts in the first place.

For my husband and I, with our first accounts, it was based on who we were already banking with. And at the time we had bank accounts with two of the major banks, we had opened student checking accounts.

When I say they were basic accounts, that's exactly what they were.

Honestly, we just settled with it for way too long. After getting frustrated with the horrible customer service, ridiculous fees. And not seeing any real progress with our financial goals. We decided it was time to change.

We moved our money to an online bank and credit union and i have to say we are so much happier for it.

We feel that our banking partners are actually partners that they're helping us reach our financial goals faster. And make our lives easier with managing our money.

So if you feel that way about your bank or credit union, fantastic.

However, there are plenty of families that feel like they're banking options are hurting them rather than helping.

According to a recent Magnify Money survey, 68% of consumers are frustrated and feel like their savings isn’t growing. When you consider that 18% of those said they get less than .05% APY, it’s understandable.

What makes it worse are those minimum balances and fees added on their accounts. 

Bankrate reported that the average maintenance fee on a checking account that earns interest totaled $196.20/year

So if you’re feeling squeezed, you probably are. That doesn’t have to be the case though. 

With 2021 winding down, now is a great time to set the pieces up for you to have an incredible year in 2022.

In this episode, we’ll go over: 

  • What to look for in your next bank or credit union
  • How to move your money and switch accounts (and deal with a reluctant spouse)
  • How to set up your new accounts for your best year ever

Are you ready? 

Let’s get started! 

Resources to Easily Manage Your Money

Thank You to Our Sponsor Coastal!

thanks to our podcast sponsor Coastal Credit Union. If you want to live better, you have to bank better!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

Did you know that Coastal offers a Health Savings Account? If you have a high deductible health plan, you need to take advantage of an HSA.

Find out more about what Coastal offers here!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Photo by Adrien Olichon from Pexels

Direct download: SEP_S3E27_Better_Banking_How_to_Move_Your_Money.mp3
Category:personal finance -- posted at: 1:40pm EST

Get a sneak peek at how we handle our money system and our accounts. So that we are working towards our goals, even if we have more pressing or urgent things to take care of on the family front or with work!

Easy Way to Manage Your Money

A financial system that requires you to constantly check and worry about your money isn’t going to cut it for most families. It doesn't for us. 

With two kids, work, hobbies, and friends, we have a full life and we love it. Quite simply we see money as a tool, not the goal. It’s to help us to care of our kids and lother loved ones, 

So while I respect those highly detailed spreadsheets with line by line breakdowns of every cent, I save that for quarterly reviews. Instead, budget monthly and do weekly checks on Fridays that usually are five minutes just to make sure everything is running smoothly. 

It took some time, but we’re grateful to have a financial system that allows us to focus on the big stuff. We love even more considering these past 18 months. 

If you’re looking to make managing your money much easier, while still hitting your family’s financial goals, this is your episode. 

Today, we’re discussing:

  • Quick overview of how our financial goals and system shifted to fit the season of life we’re in
  • What principles give the framework to our financial system so we can hit our goals
  • How to keep lifestyle inflation in check while still enjoying some fun

Are you ready? Let’s get started! 

Resources to Easily Manage Your Money

Thank You to Our Sponsor Coastal!

thanks to our podcast sponsor Coastal Credit Union. If you want to live better, you have to bank better!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

Did you know that Coastal offers a Health Savings Account? If you have a high deductible health plan, you need to take advantage of an HSA.

Find out more about what Coastal offers here!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Direct download: SEP_S3E26_How_to_Easy_Manage_Your_Familys_Financial_System.mp3
Category:personal finance -- posted at: 9:51pm EST

For most couples, their 401(k)s are an important part of their retirement plans. Learn how you can avoid making big mistakes and make the most out of your 401(k)!

Making the Most of Your 401(k)

It's just there's a huge information overload and it's easy to get caught in the mess and not be sure how to actually do it.

Today we're going to give you a leg up.

Usually during this time of year, I pull in the experts like certified financial planners where we dive into the nitty gritty details of the different benefits and options that may be available. 

I’m grateful for those experts who took the time to share some of their knowledge and will have those episodes up on the homepage so you can listen to them because much of it is still incredibly helpful. 

Today, I’m doing what I did last week, which is to go over those FAQs that typically come up. Again, these questions are the ones I see on my side, from discussing through the newsletter, in the Facebook group  Thriving Families, or those Google searches. 

In this episode we’re discussing:

  • The biggest mistakes couples make with their 401(k)s
  • Figuring out how much you need to contribute
  • What to do with your 401(k) at your old job

Are you ready? Let’s get started!

Resources for Smarter Investing

If you want to learn more about investing and staying on top of your money, here are some resources to check out:

Thank You to Our Sponsor Coastal!

thanks to our podcast sponsor Coastal Credit Union. If you want to live better, you have to bank better!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

Did you know that Coastal offers a Health Savings Account? If you have a high deductible health plan, you need to take advantage of an HSA.

Find out more about what Coastal offers here!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Direct download: SEP_S3E25_401k_Tips_for_Busy_Families.mp3
Category:personal finance -- posted at: 9:18am EST

It's that time again... open enrollment season and with it, a lot of decisions to make for the upcoming year. Today, we're going to go over how you can maximize your benefits, especially when it comes to health, dental, and disability insurance!

Choosing Your Health Insurance, Dental, and Disability

If there's one area of finances where families have a hard time -either they're not maximizing or they misunderstand it- it's open enrollment season. It's that time of year where HR sends you a packet of information about your benefits.

One of the big things that I want families to focus on- especially busy ones- is going for the big wins.

Yes. It is beneficial to get better financial habits and cutting those unnecessary expenses, maybe five or $10 here and using that money towards more impactful family and financial goals.

But going for the big wins means that for a little bit of time and effort, you can have reoccurring winds or see a significant drop in your expenses or increase your savings. This is where open enrollment fits in.

For this limited window that you get this information, you're going to be making some significant financial decisions for the upcoming year. The biggest one for most families, health insurance. What makes us extra challenging is we're doing this in the midst of still dealing with COVID.

All this week and next, I want to make things easier for you so that you can focus on the key discussions you need to have so you can make the best choices for your family's particular needs.

I'll be releasing on the site previous episodes where I've talked with certified financial planners about the ins and outs and details about your options.

Today we're going to focus more on a Q and a style approach. Based on your feedback, along with what I'm seeing on my side with Google search in the community chat, I'm going to go over those questions that families often have as they're sorting through the paperwork.

Our focus today will be on:

  • weighing the pros and cons of health insurance plans
  • why disability insurance doesn't get the credit it deserves
  • how tax advantage accounts like HSAs and FSAs can help you save a significant amount of money

Are you ready?

Let's get started!

Resources to Save serious Money

Are you looking for more help with maximizing your benefits and saving more money? Here are some resources:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Did you know that Coastal offers a Health Savings Account? If you have a high deductible health plan, you need to take advantage of an HSA.

Find out more about what Coastal offers here!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

How are you feeling about your progress this year with your financial goals? Are you frustrated because you're not hitting them as fast as you had hoped? Do you feel like managing money is a chore? Believe it or not, these problems are connected.

Today, I'm going to break down and show you how to build a flexible financial system that will get you to your goals faster!

Keeping Your Budget Flexible and Fun

Recently I had a chat with rich Jones for the  Paychecks and Balances Podcast.

The theme of our discussion was managing finances when undergoing a life transition, but it quickly widen out and scope. After my chat with Rich, our discussion stuck with me.

Having written about personal finance for 12 years and podcasting, a little over half that time, I noticed a certain rhythm with people in their interests and finances.

Beginning of the year, it's all about setting up these big goals, paying off debt, saving up for a huge house down payment.

For some, it truly is the beginning of an awesome year. They get these new habits set up. They have their systems in place.

Others though, they're already having a hard time keeping up those habits, part of it is life shifts.

Between January and to about April when I look on my side of things with site traffic, And Google searches, that's when people are most interested in their finances.

Further into the year, no matter what camp you're in the seasons change and life rolls on.

With September zooming by and the last quarter coming up. I find it's another point in the year where we reflect. We have this many awareness that the year's wrapping up. We're reviewing how much we've accomplished.

Now on top of the regular seasonal changes in the year. We still have the COVID pandemic that we're dealing with.

Rather than fight the seasonal shifts or craft these perfect on paper budgets, but they fall apart during real life pivots, we have to address a fundamental issue -building a sustainable and flexible system for handling your finances so that you can live your life and if something happens adjust as needed.

Instead of chasing money as the target or the goal really should be using it as a tool.

In this episode, we're going to break that down so that you can create a financial system that is easy to maintain and adjust and have a sustainable budget that's flexible and fun.

Are you ready? Let's get started!

Handy Tools to Build Your Financial System Quickly and Easily

Thank You to Our Sponsor Coastal!

thanks to our podcast sponsor Coastal Credit Union. If you want to live better, you have to bank better!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful customer service along with competitive rates to make saving easier!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Direct download: SEP_S3E23_Gow_to_Create_a_Fun_and_Flexible_Financial_System.mp3
Category:personal finance -- posted at: 7:15am EST

Are you frustrated with your debt and feel like you’re stuck in this rut? Today we’re going to see how you can negotiate your debts to lessen the stress and get you closer to your debt free goals! 

Dealing with Debt Collectors

Paying off debt is usually one of the top three goals people make for the year, but struggle to achieve.

Depending on where the pandemic caught you on your financial journey, you may have had an extra harder struggle. Perhaps a drop in income meant slowing down or even pausing your debt pay off plan. 

That can be a real burden on a marriage because those balances are lingering, or worse growing. 

If it makes you feel better, you’re not alone. Debt is weighing down a lot of families. 

According to Experian, 90% of adults in the US have at least one credit card on their report, and of those, 75% carry a balance month to month. The average balance for that group is $5,315.

Then consider that the average balance on a car loan is $19,703. Then you have student loans. In 2020, the average balance was $38,792. While there is some relief for federal loans with the pause in payments, if you have private loans, you’re still dealing with them on top of everything. 

Hopefully things have improved, but you’re not trying to figure out how to jump back in, which debts to tackle first, what payment makes the most sense. 

Which is why I’m happy to have attorney Taylor Kosla be a part of this episode. Taylor is a partner at Agruss Law Firm, a team that’s focused on helping people deal with debt collection. 

In this episode we’ll look at:

  • Ways to work with and negotiate with your debt collectors
  • Protections available to you through the Fair Debt Collections Act
  • How you can get have an attorney assist without you paying out of pocket

Are you ready?

Let’s get started! 

Resources to Dump Your Debt Faster

If you’re looking to create a debt free plan that fits your family, budget, and timeline here are some helpful resources to review. 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
 

 

Direct download: SEP_S3E22_How_to_Negotiate_with_Debt_Collectors.mp3
Category:personal finance -- posted at: 7:15am EST

Today we’ll go over how you can set up your finances so you’ll have more options and time for the things people and projects you love!  

Pursuing Financial Independence on Your Terms

As a kid one of my favorite genres of books to read was those choose your own adventure stories. Remember those?

You always began the same, but based on the choices you made, you could find buried treasure. Or your plane crashes. (Wait, not sure that was a thing in a kids book. Anyways…)

Fast forward and now my absolute favorite type of video games to play are RPGs. Why?

Because you have room to craft out your own adventures.

Guess some things don't change.

What does this have to do with financial independence? Glad you asked!

I feel like financial independence is just like those books and games – you decide on how you're going to go through it.

You have flexibility to make it fit you and your family.

But it doesn't always feel that way.

There's this narrative that gets pushed that there's a certain way to FI. Specifically as fast as possible.

If you've been turned off by that segment of FI or you want to have more flexibility with your plan, I think you'll enjoy today's episode.

 

And to help me out is Diania Merriam. She's the founder of EconMe who knows firsthand the joys of and challenges of carving out your own FI path.

In this episode, we're jumping into:

  • how Diania paid off $30k of debt and jump started her FI path
  • how FI opened up options and allowed her to take risks
  • how you can create a plan that fits your and your family

Are you ready? Let's get started!

Resources to Craft Your FI Path

If you're looking to get ahead with your finances as a family, here are some resources to check out!

Want to be a part of EconMe this year? Sign up for your ticket!

Because you're a listener, Diania was kind enough to pass on a discount code. Type in SIMPLIFYENJOY to save 10% on your ticket!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music by various Artists from Audiio

Photos by Elizabeth Zernetska and Dio Hasbi Saniskoro from Pexels

Direct download: SEP_S3E20_Choose_Your_Own_FI_Adventure_with_Diania_of_EconoMe.mp3
Category:personal finance -- posted at: 5:30am EST

Can parents pursue financial independence with kids at home? Today we’ll go over the five biggest myths and show how to enjoy parenthood and FI!

Are Financial Independence and Parenthood Compatible?

Even before we were familiar with the term financial independence, we were intrigued about this idea of gaining flexibility and freedom.

When we were first married, we had two immediate financial goals – getting rid of the car loan and building our emergency fund.

Our car payment wasn’t a huge burden, but seeing that money going out month after month..ugh..

Not having that weighing our budget down was one benefit, but then there was also this what if.

What if we used that money for things we actually enjoyed and really wanted – travel, a house, or starting a business?

So I started digging into personal finance blogs and found books like Total Money Makeover, Automatic Millionaire, and The Money Book for the Young, Fabulous & Broke.

Taking what I learned, we came up with a plan to pay off our debts and grow our financial cushion.

Don’t get me wrong, seeing our net worth go from negative $30,000 to the positive side felt great. The real pull for us, though, was not how much money we can stash away or how fast we can hit.

We loved being in a position of having options. Like leaving a bad job. Becoming an entrepreneur.

During this time, we discovered financial independence, with that classic book – Your Money or Your Life.

There are some wonderful benefits with discovering the FI community. Many in the space love swapping ideas about what’s worked for them.

Hopefully like you’re doing now, we listened to stories and picked a few ideas to try out. Some worked really well, some needed to be adjusted for our circumstances, and some didn’t work. Either our situation was too different or honestly, we didn’t enjoy it.

The ones that didn’t resonate with us usually came from this segment in the community who had very specific ideas about financial independence.

Both with what it was and what it wasn’t. One complaint I kept seeing was how hard or in some cases impossible for parents to hit FI.

I believe that belief is not just discouraging to parents, but really misses the actual resource financial independence is about – time.

 

Finances are the tool to help you get there, not the goal. We were more focused on quality of life and having options.

So today I want to wrap up this series of episodes before our summer break and discuss how you as a parent can work towards your FI goals while enjoying the journey with your kids.

In this episode, we’ll get into the five biggest myths around financial independence and parenthood.

Are you ready?

Get Your Free Love & Money Guide
Learn the ice breakers and conversation starters to make talking about money easier! 
Featured Image
 

Let’s get started!

Resources for Parents to Pursue Financial Independence

If you're looking to get ahead with your finances as a family, here are some resources to check out!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Slash Your Phone Bill with Republic Wireless!

If you’re looking to hit your family’s financial goals faster, optimizing your expenses is the way to go. Chances are you’re paying too much for your smartphone and not getting the value you deserve.  

Same thing happened to me years ago. Wanting to become debt free faster, I switched to Republic Wireless and saved big time. 

Nationwide coverage, fantastic phone options like the Samsung Galaxy and Moto g, plus seriously affordable prices (plans start at $15/month!) make it a smart choice for families looking to save without sacrificing value. 

See all they have to offer at Republic Wireless

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

 
Direct download: SEP_S3E20_Enjoying_Financial_Independence_and_Parenthood.mp3
Category:personal finance -- posted at: 9:36pm EST

Real estate investing can be a way to build up a passive income, but is it the right move for you? Learn about some of the different options you have and what you need to discuss before jumping in!  

Is Real Estate Investing Right for Us? 

We've been talking a lot this season about building and diversifying your income streams. 

Part of it is in reaction to the past year or so we’ve had. With some industries being hit hard with job losses and hours cut, having another source of income – even if not full-time- can soften the blow. 

We spoke about working from home with Modern Frugality creator Jen Smith. We also talked about entrepreneurship and building a portfolio of income streams with author Michelle Jackson.

Today we’re talking about another opportunity to build an income stream – real estate investing.

If you’ve ever watched shows on HGTV or followed DIY influencers on social media, it looks fun and exciting, right? 

These transformations can be dramatic and then when they go ahead and sell those houses, sometimes those numbers look tempting. Or the idea of owning properties and having rental income looks like a passive way to earn more. 

But is that really the case? What does real estate investing really involve? How can we get started? How can we be smarter with how we invest? 

I’m happy that Rachel Richards is joining this episode. She’s an author and real estate investor with over 30 properties. With the income their properties are generating, she and her husband are able to be financially free. 

In this episode we get into:

  • different ways to invest in real estate
  • Understanding what’s really involved with investing and finding properties
  • A peek of how one couple got into investing and how they grew it 

Are you ready? 

Let’s get started! 

Resources on Real Estate Investing

Are you thinking about getting started with real estate investing? Here are some handy resources to get your finances in shape and learn more about it!

Key Takeaways

Before we wrap up, I want to share a few key takeaways I got from speaking with Rachel and preparing this episode.

  • Find a way to diversify your income streams. 
  • Research and discuss how active or passive you want to be with real estate investing. How does it fit in your big picture and financial plan?
  • Run the numbers. You have to be really objective with real estate. What down payment can you afford? What cashflow do you expect (and need)? 

We really just scratched the surface today so if you want to discuss this more – ask questions, swap ideas, and talk about your progress for the year– don’t forget to join us in the Thriving Families group on Facebook.

We’re all about helping one another out with our family and financial goals. 

Hope to see you there!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Slash Your Phone Bill with Republic Wireless!

I'm so happy to announce our new sponsor Republic Wireless.

If you’re looking to hit your family’s financial goals faster, optimizing your expenses is the way to go. Chances are you’re paying too much for your smartphone and not getting the value you deserve.  

Same thing happened to me years ago. Wanting to become debt free faster, I switched to Republic Wireless and saved big time. 

Nationwide coverage, fantastic phone options like the Samsung Galaxy and Moto g, plus seriously affordable prices (plans start at $15/month!) make it a smart choice for families looking to save without sacrificing value. 

See all they have to offer at Republic Wireless

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your MoneyMy book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

 
Direct download: SEP_S3E18_Real_Estate_Investing.mp3
Category:personal finance -- posted at: 9:57am EST

It's June. The year is halfway over. Now is the perfect time to hit pause and do a midyear review to see how you're progressing with your goals and make sure that your accounts are moving in the right direction!

Why Financial Reviews Matter

While we automate much of our finances, especially the tedious parts. It really does pay to have these times where you sit down. In review the numbers. And having a financial checkup mid year is a fantastic opportunity. Not just to look at your day to day accounts, like your checking and savings but your investments.

Having these more in-depth conversations. Can be beneficial to both your marriage and finances.

For us, this is an opportunity to hit pause and to really sit down and talk.

I don't know how this year has gone for you but it really has flown by for us. In overall, it has been good, but that doesn't mean there hasn't been some struggles and challenges that we face.

Second, it gives us a chance to talk about what's been working and what's not working with our family finances.

Life comes up and maybe we had to shift some things for a month or two. This is a pause where we can see. Is this a trend that we should start planning for, or is this. A one-time deal? Knowing that ahead of time can relieve the stress going forward.

Finally, it's a great reminder to reflect on the big picture. What are we really working towards and how are we aligned towards that? And yes, it does involve looking at the finances, but also schedule wise work choices that we make. Time with the girls, all these things are connected to each other.

Having a set period where we can reflect on that big picture is a huge help.

This past year and a half can be especially challenging for families as we are navigating through this unprecedented time.

Which is why I'm glad Kevin Matthews is a part of this episode. He's a former financial advisor and a number one bestselling author. He just had a new book from Burning the Blueprint that's out that you should definitely grab.

Today, we're going to be talking about that connection between your family and financial goals and making sure that your investments are moving in the right direction.

In this episode, we'll get into:

 Community & Get Your Free Money Toolkit!
Quickly & easily set your money up to hit your goals faster!
Featured Image
 
  • why investing matters and how you can come up with a plan that reflects your goals
  • how to do a financial review for your investments?
  • making sure that they're aligned with your priorities and goals.

Are you ready? Let's get started!

Resources to Stay on Top of Your Money 

If you’re looking to build up your finances, here are some handy resources we mentioned in the episode plus more! 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Slash Your Phone Bill with Republic Wireless!

I'm so happy to announce our new sponsor Republic Wireless.

If you’re looking to hit your family’s financial goals faster, optimizing your expenses is the way to go. Chances are you’re paying too much for your smartphone and not getting the value you deserve.  

Same thing happened to me years ago. Wanting to become debt free faster, I switched to Republic Wireless and saved big time. 

Nationwide coverage, fantastic phone options like the Samsung Galaxy and Moto g, plus seriously affordable prices (plans start at $15/month!) make it a smart choice for families looking to save without sacrificing value. 

See all they have to offer at Republic Wireless

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

 
Direct download: SEP_S3E17_MidYear_Financial_Review.mp3
Category:personal finance -- posted at: 11:38am EST

Cryptocurrency is part of the mainstream conversation and in the news, but should it be a part of your investment plan?

We decode the terminology and go over the difference between speculation and investments. 

Should We Invest in Cryptocurrency?

We’re talking about a topic that’s been popping up all over – cryptocurrency. 

Just this year alone, Bitcoin, Ethereum, and others are on a roller coaster ride.

Coinbase went public just this April. 

I’ve gotten questions first about exactly how these currencies work and second, if it’s something to invest in.

In some cases, one of you is all excited to jump in this new opportunity while the other is skeptical or against it. 

Like any major decision, it’s important for your marriage and money to discuss your options and see if it fits in with your goals and financial plan. 

In this episode, we get into: 

  • the essentials about blockchain technology, NFTs, and some of the biggest currency
  • Why you should 
  • what to consider as you two discuss whether crypto currency is right for you

We got plenty to cover so let’s get started!

Resources to Learn More About Cryptocurrencies and Keep Tabs on Your Money

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

 

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Slash Your Phone Bill with Republic Wireless!

I'm so happy to announce our new sponsor Republic Wireless.

If you’re looking to hit your family’s financial goals faster, optimizing your expenses is the way to go. Chances are you’re paying too much for your smartphone and not getting the value you deserve.  

Same thing happened to me years ago. Wanting to become debt free faster, I switched to Republic Wireless and saved big time. 

Nationwide coverage, fantastic phone options like the Samsung Galaxy and Moto g, plus seriously affordable prices (plans start at $15/month!) make it a smart choice for families looking to save without sacrificing value. 

See all they have to offer at Republic Wireless

Get Your Free Love & Money Guide
Learn the ice breakers and conversation starters to make talking about money easier! 
Featured Image
 

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Key Takeaways on Crypto

Before we wrap up, I want to share a few key takeaways I got from preparing this episode.

  • Invest in educating yourself about the tech behind cryptocurrency. Crypto, blockchain – these aren’t going away. 
  • Make sure that crypto is aligned with your goals and risk tolerance before jumpin in. 
  • Focus on investing, not speculation. There’s a lot of hype and volatility to sort through so 

If you want to discuss this more – ask questions, swap ideas, and maybe discover your strategy– don’t forget to join us in the Thriving Families group on Facebook.

We’re all about helping one another out with our family and financial goals. 

Hope to see you there!

Direct download: SEP_S3E16_Should_We_Invest_in_Cryptocurrency.mp3
Category:personal finance -- posted at: 2:52pm EST

Learn how you can protect your family’s finances and open up more opportunities by diversifying your income! 

Why You Need to Diversify Your Income

Diversifying income is something every family should consider. It can not only give you a bigger safety net, but it does give you some more options no matter what stage you are in your financial journey. 

Here are a few scenarios where diversifying and increasing your income can be helpful.

We're still not out of the woods when it comes to the financial impact of COVID.

In April, 9.4 million people reported that they were unable to work because their employer either close or lost business due to this pandemic.

As you can probably guess the more income you get, the higher your chances of saving.

In 2019, the median bank account balance for American households was 5,300. What's interesting is when you break it down by income, how drastically that changes.

For a family that's in the 40 to 59 percentile of income, the median savings was 4,400. You moved to the next bracket, 60 to 79%. You're looking at 10,000. The next one 20,000 and then finally 69,000.

Having income to take care of essentials means you can then take that so-called extra income and put it towards financial goals, including savings.

Finally, if your family is on the financial independence path. Then increasing your savings rate can speed things up for you when you'll hit your FII number.

For example, if your savings rate is 15% then you have 43 working years until you retire. If you bump that up to 30%, then that drops down to 28. You move up to 45% and it becomes 19 years. You're literally buying back your time when you're increasing your savings rate.

So hopefully it’s clear why you need to diversify your income. The question is now about finding the right ones for your family. 

Side hustles are a popular recommendation, especially online, but they're not your only option.

Which is why I’m so happy to have Michelle Jackson on today. She’s an author, podcaster, and entrepreneur.

 

Not only has she developed these business and income streams, but she’s found a bit of balance with juggling them. 

In this episode, we get into:

  • different types of income you can earn
  • Pros and the cons of them
  • how to decide which income path is right for you

Let’s get started!

Resources to Build Up Your Income

If you’re looking to boost your income, here are some helpful resources to earn more money and manage it better! 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Slash Your Phone Bill with Republic Wireless!

I'm so happy to announce our new sponsor Republic Wireless.

If you’re looking to hit your family’s financial goals faster, optimizing your expenses is the way to go. Chances are you’re paying too much for your smartphone and not getting the value you deserve.  

Same thing happened to me years ago. Wanting to become debt free faster, I switched to Republic Wireless and saved big time. 

Nationwide coverage, fantastic phone options like the Samsung Galaxy and Moto g, plus seriously affordable prices (plans start at $15/month!) make it a smart choice for families looking to save without sacrificing value. 

See all they have to offer at Republic Wireless

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

 
Direct download: SEP_S3_E15_How_to_Build_and_Diversify_Your_Income.mp3
Category:personal finance -- posted at: 11:17am EST

We're all looking to reconnect and have fun this summer.

Today, we're going to go over ways to enjoy family barbecues, give some ideas on great outdoor ventures you can go on, and offer tips on how to grow your savings this season!

Make This a Fun Summer of Savings

For many families, summer is the season. Especially after the year we had in 2020, many of us are eager to embrace the warmer weather and be outside and go on vacation.

As we mentioned last week, it's possible to have fun and still save.

Today, we're going to dive in with how you can have a wonderful and memorable time this summer, while still building up your stash.

In this episode,  we get into:

  • Leveling up your barbecue game
  • Exploring the great outdoors is perfect for your happiness and wallet
  • 10 ways you can boost your savings 

Let’s get started! 

Handy Tools to Boost Your Savings

If you’re looking to get ahead with your finances as a family, here are key resources to check out!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Slash Your Phone Bill with Republic Wireless!

I'm so happy to announce our new sponsor Republic Wireless.

 

If you’re looking to hit your family’s financial goals faster, optimizing your expenses is the way to go. Chances are you’re paying too much for your smartphone and not getting the value you deserve.  

Same thing happened to me years ago. Wanting to become debt free faster, I switched to Republic Wireless and saved big time. 

Nationwide coverage, fantastic phone options like the Samsung Galaxy and Moto g, plus seriously affordable prices (plans start at $15/month!) make it a smart choice for families looking to save without sacrificing value. 

See all they have to offer at Republic Wireless

Key Takeaways

Before we wrap up, I want to share a few key takeaways I got as I was preparing this episode.

 If you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

We swap ideas and tips because our goal is to help one another out with our family and financial goals. 

Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.


We’re all looking to get the best value, but how can you balance saving money, hitting your financial goals, while still having fun?

Today we’ll go over how you can master the art of being frugal!

Can Being Frugal Make You Rich?

Whether you’re pursuing a debt-free pathfinancial freedom, or independence, there’s one skill that can help you hit your goal faster – being frugal. 

I’m not talking about being cheap. 

I’m talking about living a rich life without spending a ton of money.

When I say frugal, I’m talking about living a rich life without spending a ton of money. It’s about maximizing your dollars for the best value. 

I’m going to talk about three areas where you can do this – budget, tech, and travel.

To help show the ways you can live well while spending less, I have two guests. 

First off,  Joel Larsgaard from How to Money is sharing ways couples can work together so they’re spending on what matters to them.

Second, we have Joel Kades of Republic Wireless. We’re going to look at how technology opened up some options so you can get an affordable smartphone plan.

Finally we’ll wrap things up with how to make frugality fun with tips on how to save on travel.

We got a lot to cover so let’s get started!

Resources to Maximize Your Dollars

Being frugal is really about optimizing your expenses so you’re getting the best value. Here are a few resources to help you significantly save without 

 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Slash Your Phone Bill with Republic Wireless!

I'm so happy to announce our new sponsor Republic Wireless.

If you’re looking to hit your family’s financial goals faster, optimizing your expenses is the way to go. Chances are you’re paying too much for your smartphone and not getting the value you deserve.  

Same thing happened to me years ago. Wanting to become debt free faster, I switched to Republic Wireless and saved big time. 

Nationwide coverage, fantastic phone options like the Samsung Galaxy and Moto g, plus seriously affordable prices (plans start at $15/month!) make it a smart choice for families looking to save without sacrificing value. 

See all they have to offer at Republic Wireless

Key Takeaways

Before we wrap up, I want to share a few key takeaways I got as I was preparing this episode.

  • Prioritize which expenses matter most to you.
  • Focus on big wins and low hanging fruit.
  • Redefine what frugal means to you.  

 If you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

We swap ideas and tips because our goal is to help one another out with our family and financial goals. 

Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

 

 

Direct download: S3_E13_The_Art_of_Being_Frugal.mp3
Category:personal finance -- posted at: 11:31am EST

With credit card fraud and identity theft happening more frequently, we all have to step up our game. Learn keys ways to protect your finances and identity!

Fraud Protection

I hope you never have to deal with identity theft, data breaches, or fraud but chances are you will.

There were 4.8 million identity theft and fraud reports received by the FTC in 2020, an increase of 45 percent from 2019.

The Ascent from Motley Fool reported that credit card fraud was the most common type of identity theft last year – over 270,000 reports.

Another unfun stat – identity theft doubled from 2017 to 2019.

Finally in 2019 almost 165 million records containing personal data were exposed through data breaches.

The point? 

Cyber crimes aren’t going away anytime soon.

In fact last year, I got it.Twice.

The first one, I received a call from Coastal about suspicious activity on my card. Thankfully that was quickly resolved. 

Second time, I discovered it when doing my monthly review. I saw a $140 charge from California. I called and explained this wasn’t me. 

It took a month of back and forth, but I got it cleared. I was a headache.

One I hope you avoid. 

 

Which is why I’m so glad Joe Mecca is back on the show. 

In this episode we get into:

  • Practical ways we can protect our finances when you're offline or online
  • What you need to do if your card is compromised

Hope you enjoy it!

Resources to Protect Your Finances

If you're getting more proactive with protecting your identity and money, here are some handy resources to check out!

For freezing your accounts or putting an alert you need to contact the credit bureaus.

  • Equifax: 1-888-766-0008
  • Experian: 1-888-397-3742
  • TransUnion: 1-833-395-6938

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Key Takeaways on Dealing with credit Card Fraud and Identity Theft

Before we wrap up, I want to share a few key takeaways I got as I was preparing this episode.

Get Your Free Love & Money Guide
Learn the ice breakers and conversation starters to make talking about money easier! 
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  • Prepare yourself now. It’s not a matter of if, but when. It’s critical that we all become more vigilant.
  • Don’t reuse passwords. The way things are now, even if you do a good job on your side. Data breaches can happen so please mix your passwords.
  • Become familiar with tools and options available. I love that coastal has redone card nav, giving it more features. Like Joe mentioned, if you bank somewhere else, it’s good to become familiar with whatever features or services that offer. 

Unfortunately things like these aren’t going away, so if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

We swap ideas and tips because our goal is to help one another out with our family and financial goals. 

Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: SEP_S3_E12_Theft_Fraud_How_to_Protect_Your_Identity_and_Money.mp3
Category:personal finance -- posted at: 12:59pm EST

Around 82% of Americans said their finances were affected by the pandemic and the fallout according to a recent Fidelity survey. If you’re planning on retiring in a few years, that can be a really scary thing.

Today I want to share a resource that can help you get back on track with your retirement plan! 

The 5 Years Before You Retire: Retirement Planning When You Need It the Most

How comfortable do you feel about your retirement? 

You’re not alone if you’re worried about it.  36% of Americans are more concerned now than at the start of the pandemic on their ability to maintain a nest egg in retirement. 

The good news for most of us is that there is time to get back on track.

Today’s bonus episode is focused on helping you reset things and worry less about retirement. 

Thrilled to have Emily Guy Birken on. She is a former educator, lifelong money nerd, and a Plutus Award-winning freelance writer who specializes in the scientific research behind irrational money behaviors.

She’s also the author of several wonderful books including End Financial Stress Now and The Five Years Before You Retire, which has been updated and released today.

I got an advanced copy and really enjoyed it. I actually ordered a copy for my mom.

Emily covers everything you need to do in the next five years to maximize your current savings and create a realistic plan for your future.

During our chat, we get into:

  • The two biggest mistakes people make when it comes to retirement planning
  • How to assess where you are with your finances now
  • Understanding social security 

Hope you enjoy! 

Thank You to Our Sponsor Coastal!

Learn more about our sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and helps gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: SEP_S3_BONUS1_5_Years_Before_You_Retire_with_Emily_Guy_Birken.mp3
Category:personal finance -- posted at: 7:38am EST

Many families are looking for a getaway this year, but also want to stay on budget. We'll go over some great family vacation ideas and ways to plan a wonderful trip!

Planning a Family Vacation in 2021

Many families are looking for a getaway this year, but also want to stay on budget. We'll go over some great family vacation ideas and ways to plan a wonderful trip! #family #travel

How do you plan for a year where you don't know exactly what to expect? 

I think that's been the unofficial theme this season.

We've been talking about how to create a budget that's flexible enough? How do you figure out your schedule? 

Now I'm hoping maybe a little cautiously optimistic, how do we plan some family fun, maybe a few family trips sprinkled throughout the year if possible?

Summer is coming up, people are getting vaccinated and while we’re not out of the woods just yet, I’m looking to travel more. 

It seems I'm not the only one. A recent VRBO survey found that 65% of Americans plan on traveling more in 2021 than they did pre COVID.

We rolled over a chunk of our vacation money into this year. I’m looking forward to going to the beach, whitewater rafting, taking a trip with just the two of us, and maybe going for a longer trip.

At the same time, I want to be reasonable and keep some flexibility in case things change. 

This is why I’m so happy Karen Cordaway is here. She’s the author of The Everyday Bucket List. 

In this episode we’re going to look at:

  • How you can build and cross off your bucket list
  • Creating a flexible plan for travel this year
  • Affordable vacation ideas

Let’s get started! 

Resources to Save on Your Next Family Vacation

If you're looking to start planning and saving for your next family trip, here are a few handy resources to check out!

Thank You to Our Sponsor Coastal!

Learn more about our sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

 

Key Takeaways on Making the Most of Your Family Vacation

I really enjoyed chatting with Karen and hearing all her creative ideas to have some memorable and affordable family fun.

Here are a few key takeaways I got while preparing this episode:

Bake Vacations Into Your Budget

I’m a big fan of including what matters to you into your budget. Trips for us are not just about escaping, but connecting. Having the budget is really handy for a few reasons.

  1. You can move quickly on any great deals you find.
  2. You’re doing this debt-free so when the trip is over you’re not worried about paying off the card.
  3. If we don’t happen to use that money – like what happened last year – we can roll that into the next year or use it for some other goal. 

Go Green

Add parks- whether’s national, state, local – to your rotation of destinations this year. These can be memorable and affordable trips for your family while still staying relatively safe. This could be an opportunity for your family to try something new. 

Be Flexible

Last year really hammered in that there were things outside of our control. I’m cautiously optimistic that things will move forward, but I don’t know.

There may be smaller lockdowns or increased restrictions on the future in certain areas based on the numbers.

To cope with that, we’re taking Karen’s advice and have some backup trips.

As I’m making travel plans, I’m also being a bit flexible with dates to get some great deals. And I’m also checking reservations to make sure they have reasonable cancellation policies.  

Maybe because we’ve been staying more local that I’m really excited about this, but I'm so ready to travel more.

If you’d like to chat more, please join us in our free and private Facebook group, Thriving Families

We’re all about helping and encouraging one another with our family and financial goals. We swap stories, ideas, and tips. 

Just head over there now. We’d love to see you there!  

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and helps gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

 

Need a boost with your income? Learn how to find the best paying side hustles for you! 

Finding the Best Side Hustles That Pay Well

Sometimes to hit your goal faster, you just have to earn extra mone.

Of course that’s not the only thing you’re doing.

If you’ve taken my Free 5 Days to $5K course, then you know we look at three pillars when it comes to ‘finding’ money. 

First we optimize your budget, evaluating expenses to see if they are necessary or they bring you joy. 

Second, we uncover ways to save when you have to spend.

But finally we also look at the other side of the coin – earning more money. 

Now the easy advice to give is to get a second job, but that’s usually not the best solution, especially if you have kids or other limitations with time or location.

This is where side hustles can help. You can earn more with a bit more flexibility. However it can be tricky because the ones usually advertised are not that well paying. 

You have to be strategic when finding a side hustle that allows you to earn more without burning you out. 

Which is why I’m so glad Jen Smith is on today. 

Jen has done it all. Seriously. 

 

From T-shirts to writing to Airbnb, she’s tried out different avenues to earning more. 

On her site Modern Frugality and Frugal Friends Podcast, she’s all about helping others to pay down their debt through better money habits and building their income. 

In this episode we’ll get into:

  • The differences between side hustles vs side jobs
  • Explore options to earn more 
  • Building your income sustainably

Are you ready? Let’s get started! 

Resources to Build Up Your Income

If you’re looking to boost your income, here are some helpful resources to earn more money and manage it better! 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Key Takeaways

We covered a lot of info today, so before we wrap up, I want to focus on a few key takeaways from preparing this episode.

  • Have a clear goal for your side hustle.
  • Be honest about your schedule and requirements.
  • Your health > Money

If you’d like to chat more, please join us in our free and private Facebook group, Thriving Families. 

We’re all about helping and encouraging one another with our family and financial goals. We swap stories, ideas, and tips. 

Just head over there now. We’d love to see you there!  

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: S3_E10_Boost_Income_with_Side_Hustles.mp3
Category:personal finance -- posted at: 6:23am EST

Getting ready to start house hunting? Get tips on how you find and buy a house you love that is still affordable! 

Are You Ready to Buy a House?

Right now with the national median listing price in December was $340,000, chances are buying a house – it’s typically the biggest purchase a family makes.

Depending on where you live it can be a hot seller’s market, making it even more difficult to find a place that you love.

That’s why it’s so important to go in prepared not financially, but with an understanding of what home ownership truly looks like. 

Certified Financial Planner and Accredited Financial Counselor® Adam Hagerman is here to help sort through things including the whole rent vs buy debate. 

Before you start house hunting, you want to make sure this is the best move for you and your family. 

In this episode, we’ll get into:

  • How the buying process work – qualifying for a mortgage, finding an agent, house hunting, and closing
  • Bad advice and myths people hear about buying a house
  • What you truly need to focus on when you’re buying so you’ll be happy and not house poor

Let’s get started!

Resources on Buying a House

If you’re looking to buy, here are some resources to help you find an affordable place you love!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

See how Coastal can help you with your mortgage needs!

Key Takeaways on Snagging a Great Deal When Buying a House

We covered a lot of information today so before we wrap up, I want to focus on a few key takeaways from preparing this episode.

The first one is please run your own numbers. I want you to own a home and for it to feel like a blessing and not a burden.

Finding an affordable place means that you’re able to be a homeowner and still hit your other financial and family goals.

 

The second is focus on what matters to you.

I don’t know how it happens, but when you announced that you’re buying a house, There’s a lot of advice that’s thrown at you.

Some of it is well-intentioned and good, but sometimes there are myths that keep getting passed on as a fact.

So you want to make sure that you’ve defined. What kind of house that you want, why you want this house and also again, that the numbers line up for you.

Don’t feel pressured to buy a house simply because you’re supposed to be doing it or it’s that time in your life that everyone else is buying a house and said make sure this is a milestone that you want to hit.

Finally, as you probably picked up based on what we’ve talked about, the more work that you put into it, the better the results.

A lot of this is preparation, getting the pieces in play. And then the house hunt becomes a lot easier and a lot less stressful.

Spending the time upfront, getting your finances in place. Defining your must haves and having your wishlist and knowing which neighborhoods you would love to get a house can make this home buying process a lot more fun.

There is so much to talk about when it comes to house hunting, so if you want to chat more, please join us in our free and private Facebook group, thriving families.

We’re all about helping and encouraging one another with our family and financial goals.

We love to swap stories, ideas, and tips. We can tell you what worked for us, what didn’t, and you can usually find someone in the vicinity or area you’re in which can be great for recommendations for things like real estate agents. Please head over to simplify and enjoy.com/fb.

We’d love to see you there!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

 
Direct download: S3_E9_Smart_Way_to_Buy_a_House.mp3
Category:personal finance -- posted at: 7:10am EST

Thinking of selling your house? Today we’ll go over how to prepare your place so you can get the best price for it!

What You Need to Know to Sell Your House for More

Selling a house, especially when it is your first place, can be overwhelming. Even in a seller’s market like we have here in Raleigh, you have work to do.  

You have to fix up your space, stage your house, and have it ready for showings. 

Let’s not forget this added layer of social distancing and safety we need to practice while we deal with the coronavirus. 

However, selling your house at the best price can also be a huge boost to your finances and bring you closer to your goals. 

The difficult part can be getting to that point

Which is why I’m glad Mariella Guillama is here today. She’s an award -winning Real Estate Broker at Daymark Realty.

We used Daymark when we sold our first home and for buying our current place. We’re super happy with the experience. 

In this episode, we’ll get into:

 
  • finding the best price to list it 
  • what mistakes to avoid so you’re not wasting time or money
  • how to prepare your place so it wows potential buyers and you get top dollar offers 

We have a lot to cover, so let’s get started!

 

Resources to Get Top Dollar When Selling Your House

Thank You to Our Sponsor Coastal Credit Union!

Learn more about our sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Key Takeaways for Selling your House

I know we only scratched the surface. There’s so much to talk about and I’d love to chat some more about this. So if you want, please join us in our free and private Facebook group, thriving families. We’re all about helping and encouraging one another.

With our family and financial goals. We love to swap stories, ideas, and tips. Just head over to simplify and enjoy.com/fb. We’d love to see you there.

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: S3_E8_How_to_Sell_Your_Home_for_More.mp3
Category:personal finance -- posted at: 6:28am EST

Who doesn’t love a good DIY home project? But how do you take what you see online or on television and translate that into your home, especially when you are not naturally handy?

Today, we’ll look at what you need to know to get started and build up your DIY skills!

Getting Started with DIY home Projects

Last week we were talking about being a frugal foodie, home brewing, and having a garden at your place.

These are some of my favorite topics.

I enjoy talking about how to save money and put it towards goals that matter to you but I also love learning new things.

 As I mentioned last week, I wasn’t a natural gardener. 

My first attempts are pretty bad keeping plants alive. I ended up going with cacti and fake plants inside the house for a few years. 

By starting off small with a little front patio garden. I began to get some practice and to learn some skills. And I would not call myself a garden expert. 

Now I’m really proud that we have a space out back where we can grow the vegetables that we enjoy and love.

I feel the same way about DIY.

Neither one of us are naturally handy people, but when we became homeowners, we out of necessity had to learn some skills. Not only so that we can save some money, but turn our house into our home.  

If you’re thinking of taking on some home projects, but you don’t know where to start, then this is your episode. 

Whitney Hansen, who’s the creator and host of The Money Nerds podcast is here today. 

 

Besides her financial skills, she also has some serious DIY talents. She loves to jump into projects whether it’s painting her housebuilding a fireplace, or flipping furniture.

In this episode, we’ll get into:

  • why and how she got started with her home projects
  • how to save money when you’re doing DIY, and
  • where she finds resources to learn new skills. 

Are you ready? Let’s get started!

Hope you enjoy! 

Resources to Make Your Home Projects less stressful and on budget

If you’re planning on doing a home DIY project and you want to keep it stylish and affordable, here are some resources to check out! 

Thank You to Our Sponsor Coastal Credit Union!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Key Takeaways with DIY Home Projects

Here are a few key takeaways from today’s episode!

  • Start where you can. With Whitney, flooring was one of her first projects. You may be more along the lines of us, where our project was painting. It may not sound like much but you can always build up. Fixing up furniture you find at yard sales or thrift stores. repairs around the house, including your gadgets are ways to practice and develop skills. 
  • Run the numbers and outline the project. Whitney mentioned she kind of wings it, but she also mentioned breaking the projects down. Even if you hire a contractor, it is really beneficial to be familiar with the overall process so you can make sure you’re getting a good deal and paying them fairly. 
  • Safety first. An additional benefit of breaking down and understanding the process is knowing your limits. It’s not worth saving money for your safety in jeopardy.  Whitney is comfortable with some electrical work in part because she had an electrician show her the ropes. For us, we’ll do some plumbing, but will call for electrical work. 

There’s so much we can chat about, so come join in our Facebook group  Thriving Families. 

We’re there to support one another with our family and financial goals. I’d love to share any tips I can and I know there are others too. 

We’d love to see you there!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.


Just because we’re at home doesn’t mean we can’t still be frugal foodies.

Today, we’ll look at how you can jumpstart a garden and start making craft brews at home!

Frugal Foodie at Home

Frugal foodie is back! If you’re new to this series, it’s where we explore ways you can eat well without breaking the budget.

For some though, when you hear frugal. It means cheap. I get it. Maybe, you know, someone who brags about getting the absolute lowest price on everything. Whether it’s good or bad.

While you can save money being frugal, the real focus is getting the best value.

When it comes to food and really life, he don’t want to settle for less just because it’s the cheapest. You want to get the most out of what you have.

With this series, we look at ways that you can make your dollar go further. We’ve talked about getting great deals on food, whether it’s grocery hacks, meal planning, or even going out to eat.

Today, we’re going to look at another way you can enjoy fantastic meals and still keep things affordable.

We’re talking about gardening and home brewing.

What was interesting was how incredibly relaxing these hobbies, where especially last year.

Many of us had more time at home in the usual options weren’t always available. Family trips, checking out the museums or festivals were all off the table. We had to find ways to keep ourselves busy and have some creative outlets.

For us that included making home brews and being out in the garden.

We had home brewed years ago, but when we had two toddlers at home, it became more of a hassle so we took a hiatus.

 

Thankfully, we still had the equipment in our basement so when we felt like starting that back up last year, it was fairly simple.

The other hobby gardening is something we’ve been working on year after year, especially with this house. We have our main space Outback, where we grow hot peppers, tomatoes, different green strawberries and more.

2020 was still. You know, 20, 20, but it was good to have a project to work on. While, I don’t think all of our Happy’s have to be productive or optimize, I do feel like there are some great benefits. With making and growing your own food.

If you’re really looking to make meals at home, more enjoyable and special, it’s hard to beat something that you grew or made yourself.

Today, we’re going to look at what it takes to get started so the two of you can level up and become frugal foodies.

In this episode, we’ll go over:

  • how you can set up an easy to maintain a garden in or outside your house
  • Explore the fun of home brewing craft beers
  • look at the numbers and see how they come out.

Are you ready? Let’s get started!

Resources to Become a Frugal Foodie

If you’d like to try out your handy with gardening or homebrewing, here are some handy resources to help you get started! 

Gardening

Home Brewing

Thank You to Our Sponsor Coastal Credit Union!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: S3_E6_Frugal_Foodie_at_Home_Gardening_and_Homebrewing.mp3
Category:personal finance -- posted at: 7:56pm EST

Tax season is here. How prepared are you? Today we’ll go over how to make filing your taxes easier and less stressful! 

How to Make Taxes Less Stressful

Between the paperwork you need to track, tax terms that are dry, and the eye-opening nature of going through your finances for the year, taxes can understandably make you anxious. 

If you’re looking to optimize your finances, you have to get your taxes done right. 

Today, I want to give you a quick and easy guide on preparing for your taxes. 

In this episode:

  • We take a step back to look at essentials of taxes
  • We examine the tax deductions and credits parents should know
  • Examine ways you can plan and set yourselves up for big wins on next year’s taxes

Are you ready?

Let’s get started! 

Resources to Tackle Your Taxes

Looking to make taxes less stressful? Here are some of my favorite resources!

Thank You to Our Sponsor Coastal Credit Union!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: S3_E5_Make_Taxes_Less_Stressful.mp3
Category:personal finance -- posted at: 10:28am EST

How can you plan and budget for a year when there are so many things up in the air?

Today we’ll go over how the two of you can create a plan and budget so you can hit your goals while being flexible enough to switch gears if needed!

How to Hit Your Money Goals During a Uncertain Year

This first month of 2021 is just about wrapped up and already it's been an eventful year!

A huge challenge we faced in 2020 and it looks like for a good part of this year, it's going to be creating plans when there's no firm idea of what to expect.

Heard from many of you, the frustration and the stress of having plans started at the beginning of the year, and then getting hit with the pandemic or the financial fallout from it and it throwing everything off.

It's understandable if you are not looking to repeat that in 2021.

While we can't prepare for every single situation and emergency, there are steps we can take to shore up our finances and give us more options. Our goals and our budgets need to have flexibility built in so that we can pivot for whatever comes up.

But how do you do that? How do you plan in budget when you don't know what to expect? That's going to be our focus for today.

We're going to look at the big picture and talk about how to approach your goals for this year and your budget.

Then We're going to drill down with a goal that many couples have- paying off their student loans - and coming up with a plan when there's still certain decisions that haven't been made yet.

There was an announcement last week with federal student loans, but are we going to have anything forgiven?

Certified student loan professional Meagan Landress from Student Loan Planner is here to talk about your options and what the two of you need to discuss to come up with a plan that fits your needs.

We got a lot to cover, so let's get started!

Resources to Stay on Top of Your Money 

If you’re looking to build up your finances, here are some handy resources we mentioned in the episode plus more! 

Thank You to Our Sponsor Coastal Credit Union!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: S3_E4_Planning_for_an_Uncertain_Year.mp3
Category:personal finance -- posted at: 1:13pm EST

For many families, 2020 threw us for a loop. Today we’ll look at how you can revamp and build your budget so you can hit your financial goals faster!

Revamping Your Budget

I think it’s fair to say that last year did not go as any of us planned. I’m not going to recap the year – we were all there- but honestly, we had a lot curve balls thrown at us. 

Because we had to make so many changes with how we worked, did school, and more, our day to day routines changed and our budgets did as well.

While I’m happy that there are vaccines being produced now, there’s still much ahead of us. It’s going to be a while before things get back to a more normal routine. 

Which means more than ever, we  create a plan for our finances.

One of the best ways you can pivot your finances is by creating a roadmap for your money. For most families, that means creating a better budget.

Some challenges that couples face can include: 

  • sinking up on what goals you want to tackle this year
  • Building a budget that is flexible enough to deal with adjustments
  • Finding ways to both save for your goals and for some fun

So we’re going to dig into this today one by one. 

Rob Bertman is on the podcast.  He’s a certified financial planner and the creator of Family Budget Expert.

He’s worked with families on reconfiguring their budgets so that it reflects them and their specific goals.

We have a lot to cover, so let’s get started! 

For many families, 2020 threw us for a loop. Today we’ll look at how you can revamp and build your budget so you can hit your financial goals faster! #podcast

Resources to Build a Better Budget Together

Looking to create a budget? Here are some helpful resources: 

If you’d like to chat more about your money system, please join us in our private and free Facebook group – Thriving Families

We’re families looking to support and help one another out.

Hope to see you there!

Thank You to Our Sponsor Coastal Credit Union!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Key Takeaways on Creating a Budget That Fits Your Family and Goals

Now that we’re two weeks into our monthly money challenge. Which is simply tracking your money. You’re probably getting a clearer picture of your family’s cashflow.

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With those numbers in front of you, the two of you can start building a budget together that makes sense for you and your goals for the year.

Here are a few things to look out for and discuss.

Which areas of your budgets, are you spending more or less than you had anticipated?

Since many families stayed home more in 2020. It’s natural that your budget’s shifted. In certain areas may have seen an increase while others. Had a decrease. Now that the new year has started, things may have shifted again. If, so which areas of your budget are staying on target? In which ones are unexpectedly higher or lower?

Of course, if you’re going over budget, you immediately need to make changes. But this may be a case of where you need to adjust your budget, to be more realistic for your current and future circumstances. Perhaps you’ve discovered that yes, you’re spending more with food, but you’re eating at home more eating healthier.

And the quality of the food that you’re picking out is much better. So in that case, you may decide going forward that you want to keep the food expenses in that range and cut somewhere else.

The second thing to discuss. And it is related to the first is how much did you enjoy with your spending? I know sometimes in the personal finance space. Spending is seen as a negative, but that’s not necessarily the case. Again, when we’re looking at budget, we’re talking about what we prioritize and what we value.

I know for us, we’ve made some purchases during the pandemic, since we were going to spend more time at home and we do not regret those purchases.

We put some more money into our family garden and got items for the yard, such as a hammock and a telescope and we really enjoyed those purchases.

What about you? What new spending did you have because of the pandemic. Perhaps it was buying games for family game night.

You may be looking at that spending and you’re happy with it. And you might decide that going forward, you want to keep it in your budget. Then make sure that you put it as a new line item in your budget going forward.

Creating a budget. Isn’t all about cutting expenses. It’s really about being more intentional with how you use your money.

Finally looking at your cashflow. What’s a realistic pace for you to hit your goals.

We’re not trying to create the perfect budget. We’re trying to create a budget that actually works for you.

These discussions may seem small, but they can give you a leg up for creating a budget that you can use for the rest of the year!

For many families, 2020 threw us for a loop. Today we’ll look at how you can revamp and build your budget so you can hit your financial goals faster! #family #budgets

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Direct download: S3_E3_The_Art_of_Building_a_Budget_That_Actually_Works.mp3
Category:personal finance -- posted at: 9:36am EST

Dealing with debt can be a grind, especially if you have a ton of debt or if it is high interest. Today we’re going to see how the debt lasso method can speed things up with credit card debts and we’ll get tips on how to pay off over six figures of debt without sacrificing fun!

Creating a Plan to Pay Off Your Debts

One of the most popular goals families make when it comes to money is paying off their debts and with good reason. 

 

Even before the pandemic, debts were a considerable chunk of an average American family’s budget. 

 

The median household consumer debt was $67,000 according to data in New York Fed's quarterly Household Debt and Credit Survey.

 

Getting rid of that debt is not always so easy. 

 

You need something that is realistic so you can stick with it as well as a way to speed things up if you’re deep in debt. 

 

We’re going to look at how you can create a debt free plan that fits your family and budget. 

 

Today’s financial experts are John and David Auten-Schneider and Toni Husbands. 

 

In this episode we get into:

  • Deciding which plan would work best
  • Getting your spouse on board
  • finding that balance between hitting your financial goals still enjoying your life

Let’s get started!

Listen to the episode on Apple Podcasts, Spotify, Android, or on your favorite podcast platform.

Resources to Dump Your Debt Faster

If you’re looking to create a debt free plan that fits your family, budget, and timeline here are some helpful resources to review. 

 

If you’d like to chat more about your money system, please join us in our private and free Facebook group – Thriving Families

We’re families looking to support and help one another out.

Hope to see you there!

Thank You to Our Sponsor Coastal Credit Union!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.


Most parents have their hands full and too many times our finances, health, and homes don’t get the attention they should. 

We go over how you can reset your habits so you simplify your finances, home, and lives to enjoy some big wins this year! 

Reworking Your Habits

For multiple reasons, 2020 was a challenging year. 

Even if you weren’t directly affected by the pandemic or managed to avoid the financial fallout of it, chances are you were impacted by what was happening. 

If you’re a parent, you had this gargantuan task of working from home, staying productive, while corralling your kids with their remote learning. 

But we made it here. 

Understandably, you’re probably looking forward to resetting a few things, including your finances.

Peter Polson, the founder of Tiller, is joining me in this episode to discuss how to shift your financial habits and more. 

It may seem these are too small to matter or make a difference, but from our personal experience and learning from others, habits are really the building blocks to pivoting towards your goals, whether it’s with money, at home, or our health. 

In this episode, we’re looking at:

  • Why Habits Are Better Than Relying on Just Willpower
  • Essential Daily Habits to Add Into Your Routine
  • How to Design Your Schedule and Finances Around Who and What Matters Most to You

Ready? Let’s get started! 

Key Resources to Help You Change Your Habits

Looking to reset a few things to get some family and financial wins this year? 

 Here are some fantastic resources to help you! 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We've been members for years and love their service and competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

Music Credit

Music in this episode was provided by artists from Audiio.


Get a peek into how we did with our goals for this year and see how you can do your year review and set yourself up for an incredible 2021! 

Year-End Review and Planning for 2021

What a year, what a year! We still have another month, but most people I know are kind of winding down.

As we wrap up this 10th season, I thought I’d share a bit of our year-end review. We started 2020 with three big goals. The first two happened at the same time – no the original plan- but we worked with it. 

Hopefully, it’ll give you some ideas with your own year-end review and how to best prepare for the next steps. 

Speaking of next steps, I have some exciting news about the podcast that I want to share. Love to get your take on it. 

You ready? Let’s get started! 

Resources to Make Money Less Stressful

If you’re overwhelmed and looking to smooth out your money system so you can focus on the big wins, here are some helpful resources to check out!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio.

Direct download: S10E30_2020_Year_End_Review_Pivoting_for_2021_and_Beyond.mp3
Category:personal finance -- posted at: 10:43am EST

How well is your money working for you? Today we’re looking at how personal finance can be more holistic and reflective of what most to you through financial wellness!

Financial Wellness: A Holistic Approach to Money

How did this year go for you? 

I have not met one person yet who has had it go as they expected. 

Even if you were financially prepared – emergency fund, debts are paid off are in the process of being knocked out, things shifted.

As I talked about in the last episode, we had expenses like transportation, travel, and eating out drop to pretty much zero or drastically cut while others like family entertainment and charitable increased. 

A big reason why is that our finances – to a degree – reflect what’s going on in our lives and our priorities. 

This is not exclusive to 2020. 

However, I’ve been hearing from so many people here in the community and in my personal circle about how they took a step back and reviewed their finances. 

They looked beyond the numbers and had some conversations about where they really want their money to go. 

They’re looking at the next year when hopefully things will shift back at some pace to ‘more normal. 

I was just discussing with a friend how having to stay at home more and in a sense slow down from her regular routine with the family gave her a chance to weed out unnecessary things. That, in turn, is fueling her plans for 2021 and beyond. 

Maybe you’re at the point too. 

 

That’s why I’m looking forward to today’s show. We’re wrapping up this year with how you can set up your finances more holistically and make it more reflective of your family.  

Jason Vitug is here to help me out. He is the founder of Phroogal and financial wellness expert empowering a generation to live their dream life through financial knowledge. Jason’s also the author of the best selling book, You Only Live Once. 

In this episode, we’ll get into: 

  • Why tracking your numbers is so powerful
  • Why financial wellness matters
  • How to start planning for a richer life beyond the numbers

Ready? Let’s get started! 

Resources to Make Money Less Stressful

If you’re overwhelmed and looking to smooth out your money system so you can focus on the big wins, here are some helpful resources to check out!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Key Takeaways

Before we wrap up, I want to focus on a few key takeaways I got from preparing this episode.

  • The real power of tracking your money is not in the amounts, but the awareness. 
  • A rich life includes financial wellness. 
  • Budgets should reflect YOUR priorities and values. 

I know switching can seem to be a bit tricky. If you have any questions or are stuck, please come chat with us and our Thriving Families Facebook group.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio.


We’ve brought back the reader mailbag. Today we’re answering your questions about marriage and money! 

Reader Mailbag

One of my favorite parts of Couple Money is the community. Having you be a part of this has definitely made the work more enjoyable.

Whenever I hear from you about what you’re working on, questions you have, or ideas you think will be helpful, I’m happy.  

When I started Couple Money 11 years ago, it was basically a journal of us and our journey of paying off debt.

Then you came in and other couples sharing your stories and it’s really been a blast. 

So today’s episode will be a bit of fun, I’m answering the most popular questions I’ve received this year along with one covering a new topic I haven’t really got into before. 

In this episode, we’re answering your questions such as: 

  • How our spending has shifted this year with everything going on
  • Quick way to figure out how much you need to retire
  • How defined benefit plans work 

Ready? Let’s get started! 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Resources to Get the Most Out of Your Money

Here are some resources to make managing your money much easier!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio


Learn how you can move your money and switch to a new bank or credit union!

Ready to Switch to a New Bank?

A bad bank or credit union can not only be a headache, but it can also slow you down as you try to build your finances. 

Between the excessive/hidden fees, bad customer service, and low-interest rates on savings, it’s understandable if you’re frustrated. 

You may be wondering, what’s the point of keeping your money there? 

That’s basically how we felt when we dealing with our old banks. 

When my husband and I first got married in 2006 we decided to open joint checking and savings accounts and keep most of our money there.

We both had free checking with two of the big banks (Bank of America and Wachovia at the time) that we opened when were in college.

Since they were student checking accounts they had no maintenance fees which was a plus. However, they didn’t offer much else so neither account stood out.

Because I would be taking care of the day to day budget and bills, we opened our joint accounts with Bank of America.

I never had a problem with them so I figured it would be alright to use them.

I was wrong.

Within 6 months of opening the joint accounts, we were having problems with them.

Besides getting hit up with bank fees (now we had a monthly minimum to keep), wrong accounts being debited (bills came out of my account instead of the joint), and rude customer service (don’t even want to talk about that).

We had a decision to make – keep dealing with this nonsense or move our money.

Guess which one we picked? 

Looking back, I’m so glad we switched. Our money is actually earning something – even in this low-interest environment.

Fees have dropped significantly, money is coming out of the right accounts, and if a mistake comes up – no one is perfect – it’s quickly resolved. 

Actually resolved by a person and not someone reading from a script or switching us from department to department. 

I wish we had done it sooner, but like most people, we hesitated because of the hassle. 

Making sure paychecks were moved over, having bills come out of the new account, avoiding fees while switching – these were all things we wanted to avoid. 

Maybe you’re in this boat – you’re not happy with where you’re banking, but you don’t want to deal with the hassle. 

So today, I’ll take you through how you can seamlessly switch to a new bank or credit union. 

In this episode, we’ll discuss:

  • How Much Bad Banking Really Costs You
  • How to find a better banking option for your money
  • How to seamlessly switch your deposits, bills, and more

Are you ready? Let’s get started! 

Resources to Get the Most Out of Your Bank Accounts

Are you two ready to master your joint accounts? Do you want to create a system that fits your priorities and styles?

Here are some resources to check out.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio

Direct download: S10E27_How_to_Seamlessly_Switch_to_a_New_Bank_or_Credit_Union.mp3
Category:personal finance -- posted at: 8:27pm EST

If you think talking about money with each other is hard, try talking to your parents.

Today we’re getting into one of the money sensitive situations when it comes to marriage and money – making sure your parents are in a good spot during their golden years. 

Taking Care of Parents

Family and finances can be stressful. But typically makes it so difficult is how easily our emotions get involved.

Talking with your parents about money. Is red at the top of the list. It can definitely be awkward, but it’s not something you want to put off.

If anything, this year especially has been a clear reminder that we need to be prepared.

Stuff happens.

While we can’t anticipate everything. Having these conversations and making sure our money’s in a good spot can make stressful things a little more bearable

Last year, Cameron Huddleson shared a story from her book Mom and Dad: We Need to Talk:

As uncomfortable as it seems to have these conversations, in a way, it”s the loving thing. You’re looking out for your parents.

Let’s be honest, there are a lot of moving parts. There’s the two of you and then your parents and theirs, siblings, so it can sometimes be tricky communicating with everyone. 

On top of that, you have to deal with your own finances and schedules and those factors will affect what you’re able to contribute.

So to make things easier, we’re going to break things down into some key steps you can take and some conversation starters to get the ball rolling. 

In this episode we’ll get into:

  • Opening up the conversations with your parents to see where they’re at
  • How to discuss together what you’re able to do for your parents
  • Drafting a plan so your parents are in a better spot for retirement and beyond and your finances are in a good spot

Ready? Let’s get started! 

Resources for Parents and Retirement

Here are some fantastic resources to help you two get more comfortable talking about retirement and more with your parents.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially, please consider Coastal’s Retirement Planning Program!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio


One of the biggest game-changers with our finances was shifting things so we could live on one income. However, that’s not always an easy thing to do.

Today I’ll break down strategies and tactics that we and other couples have used to make it easier! 

Living on One Income

I’m serious; if we had to identify the one habit that changed the trajectory of our finances, it’s moving finances in such a way that we could live with just one income. 

Here’s the thing – when we started it was out of practicality. 

When we were first married, our income was much tighter. My husband had his first post-graduation and I was wrapping up my final year in college. I was attending full time and I had a paying part-time internship. 

Because of the nature of the internship, we didn’t know if it would be extended beyond the semester or not. We sat down and decided we needed to keep our essential expenses under his income. 

My income would be used for building our financial cushion, paying off the debts we had, and yes, some fun money. 

 
At that time it didn’t seem like a big deal, but that mindset and system was a tremendous help. We were able to goals like paying off debts. We were able to move to Raleigh when I got a job offer and having our expenses covered by it meant Rob could hunt for a job he was happy with. 

When I began working for myself we had less stress because I could reinvest what income I was making back into the business. We were able to build up our down payment faster. When we became parents I had some flexibility in adjusting my work and yes, I took time off too. 

We’re grateful for those opportunities and realize how fortunate we are to have made that decision early in marriage. 

But even in those circumstances, it wasn’t easy. There were limits we had to place on our finances in certain areas. 

Looking back though, we’re happy we did. 

You may be in a situation where making this transition would be a real benefit for you. 

Like us, it could be out of necessity or because of circumstances. 

 
You may have seen a reduction of income either because your hours have been cut or you’ve been laid off. 

It could also be a voluntary thing.  When I asked in our Thriving Facebook group the main motivation for moving to a single income. The biggest reason was more time with kids. 

I’ve seen families on the path to financial independence shift their finances so that they use one income to take care of the general living expenses and use the second to save and invest for goals. 

So many couples and families can benefit from this mindset. I’d like to offer some help with getting started. 

I can’t cover every single situation. For the purpose of this episode, I’m going to be focused on your single income stream being able your essentials, some savings, and enjoy a bit.  

In this episode, we’ll go over: 

  • the process to scale back your expenses to fit under one income
  • common challenges that can come up
  • Benefits of living on one income

Ready? Let’s get started! 

 

Resources to Shift to Living on One Income

Here are some resources to make managing your money much easier!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Key Takeaways

Before we wrap up, I want to focus on a few key takeaways I got from preparing this episode.

  • Be clear on your motivation and goal. The better you define these, the easier it is to make the transition. You’ll be in a better position to know which expenses to cut back first. Or even eliminate. And you can find ways to shore up your savings before you make this leap.
  • Take it bit by bit. I know that they’re going to be circumstances with some families where you have to make the transition as soon as possible because there is a ready reduction in income. But if you’re doing this voluntarily, You don’t have to rush this. Approaching it bit by bit allows your family to adjust. To the new finances. And hopefully, it makes it easier to stick with a plan.
  • Have a plan for that second income. Even if you don’t need it to survive. You do want to use that money wisely? For example, you can pay down your debts. Build up some savings for a specific goal, or if you want to save and invest it. For long-term goals, then you know, that money is right there for you.

This is definitely a topic that we can go more into. And if you’re thinking about making the transition, come chat with me.

You can join us in the thriving Facebook community. We’re a fun and supportive group.

We swap ideas, questions, stories, advice. When we try to help one another out with our family and financial goals.

You can just head over to couple money.com/f B. We’d love to see you there.

Get Your Free Love & Money Guide
Learn the ice breakers and conversation starters to make talking about money easier! 
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Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio

 
Direct download: S10E25_How_Can_We_Afford_to_Live_on_One_Income.mp3
Category:personal finance -- posted at: 8:44am EST

Have you paid off your debts and are looking to grow your money beyond savings? Learn how to create a strategy and plan so you can open and invest in your brokerage account!

Ready to Open and Invest in a Brokerage Account?

If you would’ve met us when we were first married and told me that we’d get to a point where we were investing besides for retirement, I probably would’ve laughed at you. 

Considering at that time we were start off with over $30,000 of debt living in our tiny apartment right by the beach, it would’ve seemed unbelievable. 

We were just trying to find our footing and create a budget that worked for both of us. 

Fast forward to paying off our debts except for the mortgage and that’s where we found ourselves. Funny thing (maybe just to us) was that we hesitated a bit before opening that brokerage account. 

We had become super savers and have been putting money into our retirement accounts, but somehow that next step was a bit scary. 

What helped us was taking some time to step back and discuss our why behind this account. What was our hope or plan for this money? 

For us, being on the path to financial independence meant freeing up options, whether it’s to spend more time with the kids, explore career pivots, or volunteer more. Having money invested in this account would be helpful. 

With that in mind, we then worked out an investing plan we felt comfortable with. While I wouldn’t say it’s been a smooth ride – especially this year – having those pieces in place has made investing easier. 

You might be at this stage. You’ve paid off debts, saving, and now you’re looking to diversify your income and investing is one of those options on the table. How do you create a plan together for that money? 

Today we’re going to be covering that and Kevin L. Matthews is here to discuss the essentials you need to know before you start investing.

He’s a number one bestselling author and former financial advisor who has helped hundreds of individuals plan for their retirement in addition to managing more than $140 million in assets during his advisory career.

Now he’s focused on teaching millennials about investing, making it more simple and helping them craft their own plans. 

In this episode we’ll get into:

  • When you should open a brokerage account
  • how to approach research with before you invest in stocks
  • how to create a financial and investing system that works for both of you

Let’s get started!

Resources to Stay on Top of Your Money

Here are some resources to make managing your money much easier!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Besides offering competitive rates on check and savings accounts, Costal has a wealth management team ready to work with you to create a financial plan that fits your specific needs!

Meet Kevin L. Matthews

Kevin L. Matthews II is a number one bestselling author and former financial advisor.

He has helped hundreds of individuals plan for their retirement in
addition to managing more than $140 million in assets during his advisory career.

By 2017, he was named one of the Top 100 Most Influential
Financial Advisors by Investopedia.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio


‘All Investment Mistakes Are Investor Mistakes’

Is that really true? Today we’ll dig in and see how to avoid making the most common mistakes with your investments! 

Avoiding Big Mistakes with Investments

All Investment Mistakes Are Investor Mistakes

I saw that headline in an older article in The NY Times. Based on personal experience when I first started out, speaking with others on the podcast, and hearing from the community, there’s some truth to that. 

I’ve gotten emails and heard from others about what they should do with their portfolios. 

It’s one thing to have a plan on paper on what you’re going to do; it’s another to watch the volatility on the news or follow along on your phone and actually stick with the plan.  

Whether you’re investing for retirement or another goal, I’m guessing you’re looking to get some good returns. 

Today we’re looking for how you can become wiser, less stressed out investors. 

In this episode, we’ll discuss:

  • The biggest mistakes couples make when starting to invest
  • Traps that can derail your investments
  • Creating a system that works for you as a team

Let’s get started! 

Resources to Stay on Top of Your Money

Here are some resources to make managing your money much easier!

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially for retirement, please check out Coastal’s 401(k) Planning Calculator.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional Music from Artists at Audiio

Direct download: S10E23_Top_6_Mistakes_to_Avoid_to_Protect_your_Portfolio.mp3
Category:personal finance -- posted at: 8:27pm EST

Want to maximize your 401(k) this year? The first step to doing that is figuring out how much to contribute. Today we discuss how much you need to put in to retire! 

Getting the Most Out of Your 401(k)

We’re wrapping our open enrollment series. The past couple of episodes we’ve discussed what you need to know with your benefits so you can make the right choices for you and your family. 

Health insurance is a huge one, but the other big one is your 401(k). Last week Matt Miner, a certified financial planner talked a bit about how to walk through and review your benefits including your 401(k)s so if you haven’t already, please listen to that. 

You can check -in with your 401(k) throughout the year, but for many, this is a popular time to check and review their portfolio. 

Since it’s an important part of your finances, today we’re answering the biggest questions couples and families have with their 401(k), specifically how much should we contribute? 

In this episode we’re discussing:

  • How 401(k)s work and benefits of having one
  • Whether or not you should contribute when you’re in debt
  • Figuring out how much you need to contribute

Let’s get started! 

Resources to Stay on Top of Your 401(k)

Here are some resources to make managing your money much easier!

 

Thank You to Our Sponsor Coastal!

learn more about our podcast sponsor coastal credit union

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially for retirement, please check out Coastal’s 401(k) Planning Calculator.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S10E22_How_Much_Should_We_Contribute_to_Our_401k.mp3
Category:personal finance -- posted at: 8:13am EST

Are you two dealing with a ton of debt? Hear how Brian and his wife have managed to pay off $100,000 in debt while raising their three kids!

How to Pay Off a Ton of Debt Together

After all the prep, sweat, and tears, the first episode of the Couple Money Podcast is up!

For the premiere show, it’s all about debt, specifically getting out of debt faster and getting rid of massive amounts of debt.

The guest on today’s episode is Brian from Debt Discipline. He and his wife have managed to pay off $100,000 in debt while raising their three kids.

In this episode, we get into:

  • how they accumulated their debt
  • what immediate steps they needed to take to free up money in their budget
  • how they worked as a team to pay it all off

Hope you enjoy!

Resources to Become Debt Free Together

Tired of being in debt? Here are some resources to help you dump it.

       

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
 
 
 
 
 
 
 
 
 
Direct download: CM_001_Paying_Off_Debt_Faster.mp3
Category:money -- posted at: 7:25am EST

Learn how you can navigate open enrollment season and maximize your benefits to their fullest potential!

Making the Most of Your Benefits

Learn how you can navigate open enrollment season and maximize your benefits to their fullest potential!

When we began our series about open enrollment last week, we got into some key things to consider when weighing the pros and cons of different health insurance options. 

While health insurance is typically the biggest decision couples and families make during open enrollment, it’s not the only one. 

There are so many benefits that can save you some serious money, protect your family’s finances, and give you some significant tax benefits. 

I don’t want you leaving money on the table which is why I’m glad Matt Miner is here today on the show. 

He’s a fee-only, fiduciary advisor with PLC Wealth Management, LLC who specializes in helping families to make sure their finances align with their goals, priorities, and values. 

In this episode we’re discussing:

  • the biggest mistakes couples make with their benefits
  • How to protect yourself with disability insurance
  • what to look out for with your 401(k)

Let’s get started!

 

Resources to Save serious Money

Are you looking for more help with maximizing your benefits and saving more money? Here are some resources:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

Did you know that Coastal offers a Health Savings Account? If you have a high deductible health plan, you need to take advantage of an HSA.

Find out more about what Coastal offers here!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S10E21_Maximizing_Your_Benefits_During_Open_Enrollment.mp3
Category:personal finance -- posted at: 5:00am EST

Feel like your premiums are too expensive? Learn how you can significantly save money and find an affordable health insurance plan for your family!

Choosing an Affordable Health Insurance Plan

Like many families, we want affordable health insurance. Unfortunately, it’s not always easy.

In 2019, the average annual premium for a family was over $20,000

That’s quite a bit of money so it’s absolutely crucial that you’re 1) getting the most out of it and 2) if there is a more affordable option, you can make that transition easier. 

The good news is with open enrollment, you can have some big wins with your benefits for next year.

I want to make sure that when you two sit down, I want you to feel comfortable and confident about tackling your benefits.

Of course, every couple is different, I’m grateful Andy Hill, the creator of Marriage, Kids, and Money and the co-founder of Thriving Families Facebook Group is here to chat with me about his and Nicole’s process with choosing a health plan. 

We’re going to compare how each of us approached finding the best health insurance plan for our families. 

In this episode we’ll get into:

  • The differences between the most common options given
  • What to consider when deciding if a high deductible plan is right for you
  • Maximizing your available health care benefits

Let’s get started! 

Resources to Save Money on Healthcare

Are you looking for more help with keeping health care within your budget? Here are some resources:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They have competitive rates on checking and savings accounts!

Key Takeaways on Finding an Affordable Option for Healthcare

Before we wrap up, I want to focus on a few key takeaways I got from speaking with Andy and preparing this episode. 

  • Invest time in choosing your healthcare plan. Health care can be expensive, but simply going with the cheapest option can hurt you in several ways. 
  • High deductible health plans aren’t for everyone. We have an HDHP and so far love it and so do many in the FI space, but that doesn’t mean it’s the best option for you. 
  • Use tax-advantaged accounts to maximize your money.

If you want to discuss this more, please come chat with us on Facebook in the Thriving Families Group. We’re supportive. We’d love to see you there!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime.

Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Direct download: S10E20_Open_Enrollment_Affordable_Health_Insurance.mp3
Category:personal finance -- posted at: 5:00am EST

Today we’ll go over how the two of you can boost your savings rate while still enjoying some fun now! 

Why Your Savings Rate Matters

Last week we talked about three key numbers to track and master your money and one of them was your savings rate

How much you save on your income can have an incredible impact on how fast you reach your big financial goals.

Here’s the thing, though, unless you have a stash of cash under in house or an inheritance coming up soon, that money is probably coming out of your budget.

So how do you become a super saver without deprivation? Can you boost your savings rate and still have some fun? 

I believe you can find that balance, but you need a plan and a system to set things up. 

This is why I’m glad Joe Mecca from Coastal Credit Union is back. He’s the quintessential saver and today he’s sharing how he’s grown his savings while still having some fun. 

In this episode, we’ll dig into:

  • Finding out your current savings rate
  • Tax-advantaged ways to save more to give you a double win
  • path to notching up your savings 

Let’s get started!

Handy Tools to Increase Your Savings Rate

If you’re looking to get ahead with your finances as a family, here are key resources to check out!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They have competitive rates on checking and savings accounts!

Key Takeaways on Growing Your Savings Rate

Before we wrap up, I want to focus on a few key takeaways I got from preparing this episode. 

  • Start as early as possible. Don’t worry about being about to sock away 20, 30, 40% of your income. Joe said it was closer to 3-5%, which is about where we began. 
  • Pay yourself first. Automating those transfers makes it easier on you and you’re more likely to stay on target. 
  • Minimize lifestyle inflation. Take any raises, bonuses, windfalls, or tax refunds and set aside a portion of that to go towards savings. You can still enjoy some fun now and save more, without missing that money. 

If you want to discuss this more, please come chat with us on Facebook in the Thriving Families Group. We’re supportive. We’d love to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere


If tracking your money is so important, what are the key numbers couples need to know? We’ll get into the three to keep an eye on, and the real deal about credit scores! 

Why Tracking Your Money is Key to Mastering It

You hear these stories of couples who got out of debt, became financially independent, travel the world, started a business..basically enjoying life.

They all have different paths they take to get there – debt snowball, avalanche to become debt free. 

They’re saving 20, 30, or even half their income. Maybe they’re going all in with FIRE with their dual income and are investing 70% of their income. 

One of the things I love about personal finance when hearing from others is how varied it can be. Each couple has their own advantages and struggles on their journey. 

However, having written about personal finances and interviewed others for the podcast I do notice that there are certain crucial things they did to create a system that worked for them. 

I wrote about it in detail in my book Jumpstart your Marriage and Your Money, but I want to hone in on one component today  – they became aware of their money. 

And how they did it was by tracking it. 

Once they had that down, they began shifting it towards what mattered most to them. 

 

Money stopped being a source of stress and instead became a tool they could use together. 

The best part is that you don’t have to track a ton of numbers or worry about every penny. It can be something you check in on once a month. 

In this episode, we’ll get into:

  • Which three numbers matters most for gauging your financial health
  • The real deal on credit scores
  • Creating an easy system to track your numbers

Let’s get started!

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

Direct download: S10E18_Three_Key_Numbers_for_Mastering_Your_Money.mp3
Category:personal finance -- posted at: 7:54pm EST

Debt can be a huge weight on any couple’s budget. We cover three major ways you can start paying it off faster. We also get into how to open up if you’re carrying debt and haven’t told your spouse!

Getting Back To Dumping Debt

As if the pandemic isn’t enough stress, millions of families have to deal with the financial fallout. 

And If you’ve had to deal with job loss, reduced hours at work, or uncertainty at your job about its stability, these past few months you’re hyper aware of your cash flow. 

And because of that, any debt that you carry (maybe with the exception of federal student loans) feels like it has a bigger impact than normal. 

During our mini-series about financially dealing with the coronavirus, we discussed that building up that financial cushion is key. 

And hopefully, things have stabilized somewhat and you have those savings available should you need it. 

However you may be wondering is there a way to get some breathing room and knock out some debt before the year wraps up. 

 

I think you’ll enjoy today’s show then! 

In this episode we’ll get into:

  • A system to pay your debt off
  • ways to you can start paying it off faster
  • how to open up if you’re carrying debt and haven’t told your spouse

Let’s get started!

Resources to Dump Your Debt Together

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Partner Coastal

Support for this podcast comes from Coastal Credit Union!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Direct download: S10E17_How_to_Tackle_Debt_Before_the_Year_Wraps_Up.mp3
Category:personal finance -- posted at: 10:36am EST

If 2020 has proved anything, it’s that we need to have a budget that actually works. Today we’ll dive in to see how you two can build a budget that fits you and your goals!

Build a Better Budget Together

I think a lot of people can appreciate why budgets matter because now more than ever, we’re seeing like our finances are reflecting our lives.

For those of us who’ve been hit hard by the pandemic, either directly or indirectly, the budget has had to be completely redone.

But even if things are relatively stable job-wise, we’re still reflecting on how we could do better. 

A budget is not going to fix all of our problems, but a good budget – the one we actually enjoy and can stick with – that can be a huge help and stress relief. 

But how do you make a budget that fits your family’s circumstances and goals? How do you make one that still allows some room for fun? 

While I enjoy helping couples figure out their budget, I brought in someone who understands and enjoys budgeting. 

Get Your Free Money Toolkit
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Peter Polson the founder of Tiller, a fantastic and customizable budgeting tool, he’s also a husband who understands firsthand that it takes effort to find a budget that fits your goals. But it’s so worth it. 

In this episode we discuss:

  • Defining your budget’s priorities
  • The two biggest obstacles couples face  with budgets
  • How to build a better budget together

Let’s get started! 

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

Direct download: S10E16_Building_a_Budget_That_Reflects_You_and_Your_Goals.mp3
Category:personal finance -- posted at: 7:11am EST

Here are some key takeaways to help you get through and start building some financial stability!

Pivoting Your Finances Through New Habits

I hope you are doing well, are safe, and healthy. 

We’re just starting June but I think Jason Vitug pointed out on Twitter, “This is indeed the longest shortest year ever.”

I started this mini-series after the pandemic created a hard stop on so many things. Things are starting open up, but many couples in our community are still dealing with the financial fallout. 

Depending on where we were on our financial journey, our experiences can seem tremendously different. 

With the mini-series, I wanted to address a few of those different scenarios. The first episode was geared for those who had seen their income drop due to fewer hours or loss of a job. 

The next episode was those of us who are treading water to speak – still have their jobs, but no safety net if that changed. 

This episode I want to talk about what you can do if you were further ahead in your finances. How can you use this experience and turn this into something positive? 

How can we pivot our finances? And bigger picture – can we use these lessons learned not just help us, but in a position to help others too?

Certified Educator in Personal Finance (CEPF®) Bob Lotich is on today to share what habits he and his wife Linda changed on his and eventually their journey together towards becoming debt-free. 

 

Joe Mecca from Coastal is back on to share some takeaways on shifting our finances and coming up with a plan during these tumultuous times. 

In this episode we’ll get into:

  • Crucial steps you can take to shift habits and your money
  • We’ll also dive into how to get your spouse on board
  • Lessons we can take from this crisis to use to better prepare ourselves and help others

Let’s get started! 

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you’re a member and you’ve been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.


We know we need an emergency fund, but how can we do that in the middle of the coronavirus crisis? Today we’ll share the strategies you can use now to get a jumpstart on saving!

How to Save Money 

Right now many states are opening up, but we’re still encouraged to stay home as much as possible. 

And that’s most likely affected you on several levels, including your finances. 

Last episode, we discussed steps you can take to shore up your budget and handle the bills when you’re dealing with a job loss or significantly reduced hours. 

This week, we’re switching gears and digging into one of the fundamental things you need to have – savings. 

We’ve heard it so many times, we need to have an emergency fund. Now it’s really both a necessity with routines, work schedules, and budgets being in flux for at least the next few months. 

But can you save and build up your financial cushion during a time like this? How can you create a plan when you’ve been thrown into the middle of all this? 

On the podcast, I have Jeff Anzalone from Debt Free Doc here to share how he and his wife got to that point. 

As you just heard in the teaser, when he first started things, they looked like a mess. The job he had planned on taking fell through. So here he was dealing with a massive amount of debt, no job, and a wife and baby to take care of. 

So in this interview, we’ll get into how they came up with a plan quickly. We’ll also get into not just the process he used to get out of debt, but what changes they had to make with their budget and more to start building savings and more. 

 

We also have Joe Mecca from Coastal back on the podcast. He’s a natural saver so he is sharing tips on how to make the process easier and less stressful. 

In this episode we’ll get into:

  • Why and how much you need to save
  • Creating a plan on the fly
  • Ways you can build up that financial cushion ASAP

Let’s get started!

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you’re a member and you’ve been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.

Direct download: How_to_Master_the_Art_of_Saving_During_The_Coronavirus_Crisis.mp3
Category:personal finance -- posted at: 9:00pm EST

Many families are dealing with the financial fallout from the coronavirus, including losing their income and jobs. See how you can adjust your budget and get the resources you need to ride out these tough times! 

How to Cope with Job Loss 

As of right now, around 30 million Americans have filed for unemployment in the past six weeks.

Besides the health risk of coronavirus – which should NOT be ignored or downplayed – a huge concern of this crisis is the financial fallout. 

 How do we keep going through these tough times? 

Which is why I wanted to do this mini-series. 

Part of the challenge – at least to me as I’m putting this together – is reading, hearing, and seeing how different things play out depending on many factors.

Yes, we’re in this together, but for a couple who’s lost one or both incomes, or one that’s seen their retirement savings seemingly crash, those are completely different ball games than a couple who’s trying to balance taking care of their kids at home while working remotely for example. 

Each has its own challenges and so what I decided to do is break up the mini-series episodes based on different situations families may find themselves in. 

There are key takeaways, I think all of us can learn from and pick up, but I did want to highlight some scenarios so this mini-series can be helpful and relevant as possible. 

And they are based on what you’ve sent in about what you’re dealing with right now. 

So thank you, I’m grateful to have your input on this. 

Today I want to talk about one of the biggest ways many couples are being financially affected by this – loss of income. 

Whether it’s being furloughed, seeing your hours drastically cut, or losing it altogether – it can be a heavy weight on you. 

Ani is sharing her story about how she’s dealing with it. 

We also have some fantastic experts like personal finance author Toni HusbandsCoastal Credit Union’s Joe Mecca, and small business consultant Sylvia Inks.

They’re offering tips and resources to help make ends meet and steps you can take to shore up your finances not just now but in the long run. 

In this episode, we’re discussing:

  • Dealing with losing your job and what you can do get some income coming in
  • Adapting your finances 
  • Smart ways you can spend your stimulus check

Let’s get started!

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you’re a member and you’ve been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.


Today we’re going to jump in on ways you can adjust your finances during the coronavirus crisis to get through these tough times!

Today we’re going to jump in on ways you can adjust your finances during the coronavirus crisis to get through these tough times!

Getting Your Finances Stabilized During the Coronavirus Crisis

Even though it’s been less than a month since schools closed here in Raleigh, it feels like a lifetime ago.  

And chances are things can feel that way to you. 

Right now it’s estimated that over 300 million here in America are under stay at home orders

I truly hope that you’re doing well and that you’re able to work remotely or at least have some steady income coming in. However, I know from emails that some have seen their hours drastically reduced, they’ve been furloughed, or they’ve been laid off. 

It’s tough to figure out the next steps when we’re in the middle of things, but there are ways we can prepare and pivot to get through these financially tough times. 

Joe Mecca, VP of Communication at Coastal Credit Union has been out there letting those in the community know what resources out there. 

Today he’s on the show to discuss things you can do now and over the next few months. 

In this episode, we’ll get into:

  • Figuring out how to reprioritize your budget
  • How much of a financial cushion should you have with these certain times
  • Where to look for relief programs (more than just the CARE Act)

Let’s get started! 

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you're a member and you've been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

How to Reprioritize Your Budget

Let’s jump right in to the big issue that is stressing out many families – how are we going to pay our bills?

We’re grateful to still be able to work remotely, but that isn’t the case for all. Some industries like restaurants, hospitality, and service have seen been hit hard, with many losing their main source of income. 

I was reading that in the week that ended March 28, over 6.6 million people filed for unemployment

So if you’re in that situation where you are looking at struggling to budget, how do you prioritize what bills get paid?

When things were closing down and the Cares Act hadn’t passed, Any Hill from Marriage Kids and Money and I shared  our thought process in a video on the Thriving Families group. 

It was about focusing on two goals for the month – pay your essentials (roof over your head, food, utilities) and building up your emergency fund if you didn’t have at least 3 months stashed away already. 

And I do believe that they should be your priorities, but with some relief options being offered by lenders, protections from states and the Cares Act, Joe points out a path you can use in your budget.  

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

 

For many couples, getting their house to sell for top dollar can help them hit crucial financial goals. Today we’ll go over what you need to know to get a great price when selling your home! 

Selling Your House for Top Dollar

Before we begin, I want to give a disclaimer that this episode’s topic and interview were done before the volatile landscape we find ourselves with the stay at home order in NC due to the coronavirus. 

I’m releasing it now for a few reasons:

  1. At some point in the future, these restrictions will be lifted and so now could be a time to start taking steps around your place to get it ready for sale
  2. I just saw a house in the neighborhood put a for sale up this week (dozens of listings new – or within the last 24 hours)- so people are trying to move on as best they can
  3. With things shifting including jobs, many couples in the relatively near future may have to move 

So while there may be an immediate pause on house tours, with this time many of us have at home, I thought it would be practical to get into ways to prepare so if you do sell when it’s time, you have what you need to get it done. 

I’m very grateful to have one of my favorite real estate experts back. Louis Guillama is the Vice President of Real Estate Operations over at Coastal Credit Union. 

In this episode we get into:

 
  • The biggest mistakes couples make when selling
  • How to Stage Your House to Sell 
  • How to decide if you should fix and update your place to able to sell it for more

Let’s get started! 

Handy Money Resources for Selling Your House (and More!)

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you need an agent, Daymark Realty has a fantastic team ready to help find the perfect house for you in the Triangle area!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S10E14_How_to_sell_Your_Home_for_Top_Dollar.mp3
Category:personal finance -- posted at: 8:11am EST

No one likes to think about it, but preparing for the unexpected can give you some peace of mind now and protect your loved ones later! This is the essential guide to will s and estate planning for busy parents!

Creating or Updating Your Will

No like to think about it, but preparing for the unexpected can give you some peace of mind now and protect your loved ones later! This is the essential guide to will s and estate planning for busy parents!

So heads- this episode’s topic and interview was planned and done before things changed these last few weeks due to co-vid 19.

I say this because I’m not trying to add to the anxiety. I actually believe that if you are staying home and you’re healthy, now would be a good time to take care of certain matters that maybe have been on the back burner because you haven’t had much time.

And taking care of your wills, picking legal guardians, and making life insurance is up to date – these are important.

So I decided to stick with the schedule on this episode.

There are so many we can’t control, it can be empowering in a way to focus energy on the things we can.

But when you making or updating your will, it may seem that’s too big of an issue to tackle. Today I want to break it down into manageable chunks so you can make some progress on that.

Alison Kade from Fabric is here on the show today to decode and explain the essentials of how wills work. 

 

In this episode we’ll discuss: 

  • Why you need to plan now
  • Basic terminology every couple should know
  • How parents can prepare for the unexpected

Let’s get started! 

Resources on Estate Planning

If you want more information about setting things up for your loved ones and mage your money now, here are some resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.


While things are really fluid right now and some big decisions are still up in the air, it's important to review and if necessary reprioritize things with your finances.

Today I'm sharing 4 tips to help you prepare your finances to weather out the tough times!

Resources to Manage Your Money Easier

Her Dinero Matters

Her Dinero Matters is a bilingual podcast for women who want to become reinas of their money and love their money more. 

Join Jen Hemphill, a former extreme frugalist turned reina of your money advocate each week for your dose of money confidence.

You will hear down-to-earth interviews and panel discussions from Latina community as well as solo episodes sharing simple actionable tips and strategies which you can implement right away. 

The best part is, Jen also offers some premium perks, such as special access to a community of like-minded women for a deeper discussion on latest episodes, monthly bonus mini-episodes, as well as a monthly PDF worksheet for that month’s money challenge, available exclusively through the Himalaya app.

The best part is, if you sign up now, you can use promo code DINERO at checkout for your first 30 days, free! So head over to the Himalaya app and check out Her Dinero Matters now. 

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: Tips_to_Financially_Prepare_for_Tough_Times.mp3
Category:personal finance -- posted at: 7:11pm EST

One of the stickiest situations with couples is dealing with lending money to family. Find out different ways you can help without putting your own finances in jeopardy!

Should We Loan Money to Family and Friends?

Lending money to friends and family can be a tough situation. No matter how objective you think you are or want to be, emotions can run high. 

As you just heard with Jen, she and her husband weren’t seeing eye to eye on how they could help their loved ones. 

I totally get it – we’ve been there ourselves. Maybe you’ve gone through that situation too. 

Or with how things are going with Covid-19 and families being affected by these closings, some of your family and close friends will need some help soon, including financial.  

Now for most of us, we want to help. And if we have the means, we do. 

However, there are times when things are a bit more…messier. What if you want to help, but you’re just finding your financial footing yourself? 

What if you have a relative who keeps on having problems with their finances, where you are constantly bailing them out? 

Those are the types of situations where we tend to stress over and sometimes get into arguments. 

Family and money can put a strain on a marriage; which is why I’m happy Jen Hemphill is here on the show. She’s an accredited financial counselor, author, and the host of Her Dinero Matters podcast.

In this episode we’ll get into:

 
  • how to decide whether lending loved ones is really helping them or enabling
  • ways you can assist them without loaning money
  • how you can work out a loan with less stress

Hope this episode helps!

Resources to Deal with Family and Finances

If you two want to make managing your money easier, here are some helpful tools, books, and apps available.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

Meet Jen Hemphill of Her Dinero Matters

Her Dinero Matters is a bilingual podcast for women who want to become reinas of their money and love their dinero more.

You will hear down-to-earth interviews and panel discussions from la comunidad Latina as well as solo episodes sharing simple actionable tips and strategies which you can implement right away!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.

 

Direct download: S10E12_How_to_Loan_Money_to_Family_and_Not_Regret_It.mp3
Category:personal finance -- posted at: 8:00am EST

Learn how you can stay on top of your money with some of the best apps while also protecting your finances, privacy, and data!

Finding the Best Money Apps for Couples

Chances are if you’re listening to this podcast you do a lot of your banking and finances digitally. 

In a survey by Federal Reserve Bank, they found that 71% of bank customers regularly use online banking and 43% use mobile

For us, the convenience is hard to beat. I can do pretty much everything I need from home or my phone, including depositing checks, scheduling payments, and transfers. 

I believe the last time I had to step into a branch was for the notary a few years ago.

The other side of living in a world with digital banking is that we have to be savvy about securing our finances and data. 

Data breaches, phishing, and more sophisticated scammers happen and are out there, so how do you take advantage of the new apps and options out there?

There’s a lot to cover so today I’m happy to have two experts on. 

We have David Jamshid, Vice President Of Software Development at Coastal Credit Union. We also have Sam Shutz co-founder of Honeyfi on. 

 

In this episode we’ll get into:

  • Key ways you can secure your accounts so you can guard your data and finances
  • The pros and cons of free and paid apps
  • Top apps out there for couples to manage their money as a team

Hope you enjoy! 

Resources to Bank Digitally

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their business checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 

Direct download: S10E11_Digital_Banking_and_Finances_for_Couples.mp3
Category:personal finance -- posted at: 8:34pm EST

Carla Titus shares the realities of running a profitable business from home and how she and her husband created a system that fits their goals and family life!

The Realities of Starting a Side Hustle from Home

Nowadays it’s become more common for couples and families to diversify their income.

Whether it’s because they looking to knock out some debt, save up for a house or another goal, or they want to pivot their career, couples are looking at side hustles. 

We’ve had several episodes about the essentials of starting a side business, but one of the biggest struggles many have is sustaining it. 

Whether it’s working around your family or day job, the reality is you only have so much time. How do you make it work? How can you start and build a business? 

Carla Titus is on the show today to share her expertise and her story. 

She is the CEO of Wealth and Worth where she uses her over ten years of corporate financial planning, analysis, strategy, and startup CFO experience to help entrepreneurs take control of their finances and level up their business.

In this episode we’ll get into:

 
  • Finding not that balance, but the flow between family and your side hustle
  • When to outsource 
  • how to get the pricing right – many entrepreneurs struggle with this

Hope you enjoy!

Resources for Launching a Side Hustle

Here are some fantastic resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their business checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S10E10_How_to_Build_a_Profitable_Side_Hustle.mp3
Category:personal finance -- posted at: 7:39am EST

Most couples marry their financial opposite, which can be a blessing or a recipe for disaster. Learn how you two can become a team and create a budget and money system you both love!

Marrying Your Financial Opposite

Did you know that 75% of divorced couples cite money as the cause of their marital issues?

With something causing that big of any issue, you’d think we’d try to become more proactive with making sure that finances

But for many couples, the conversations don’t happen.

There’s a tendency in a lot of marriages to not talk about money until something goes wrong.

The budget is broken or you’re struggling to hit a goal you made for the year.

One reason couples don’t talk about money is that they’re trying to avoid a fight.

Maybe they’ve had a blow-up in the past about certain spending and they rather not hash that out again.

Perhaps they couldn’t come to an agreement on something that should be simple like the budget.

This can especially be the case when you’re financial opposites.

However just because you’re financial opposites don’t mean you can’t work as a team with your money. In fact, for some couples, their differences became an advantage as they tackle goals like dumping debt, saving up for a house or investing in their future.

How do you get there though? How do you mesh those differences into strengths?

Scott and Bethany Palmer, The Money Couple are on the podcast today to chat about how to get started with talking about and working through your financial issues and goals.

 

They were financial advisors and noticed how their married clients were struggling with money. They’ve been focused since on helping spouses work with their different approaches to finances and become a team.

In this episode we’ll get into:

  • how money differences show up in our daily lives
  • understanding and respecting one another’s different perspectives
  • how to approach money talks so that they’re productive

Hope you enjoy!

Resources to Help You Merge Your Finances

If you’re looking to get better with your finances together, here are some helpful posts to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their checking and savings accounts!

Meet Scott and Bethany Palmer

With 50 years of combined experience as financial advisors, Scott & Bethany Palmer (aka “The Money Couple”) have witnessed these conflicts firsthand.

After watching so many couples struggle over money, Scott & Bethany set out to find out why. After a decade of research with a Stanford scientist, they cracked the code to stop the money issues that so often lead to divorce.

They discovered that money “issues” aren’t really about dollars and cents — the real problem is a couple’s struggle to communicate about and agree on money.

They developed The 5 Money Personalities to help couples understand their own unique perspectives and behaviors when it comes to money, learn more about their partner’s money personalities, and better communicate in a way that builds rich relationships

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S10E9_How_to_Work_as_Team_When_Your_Financial_Opposites.mp3
Category:personal finance -- posted at: 9:29pm EST

It’s not uncommon for a spouse to have a secret credit card or have more debt than they’ve told.

Financial infidelity can ruin a marriage. Learn how you can set up a financial system that allows you to be open and honest with your finances and work together with money!

Financial Infidelity in Your Marriage

In this episode we’ll get into:

  • Red flags or signs that financial infidelity might be an issue 
  • Working to regain trust after financial infidelity
  • Creating an open and transparent system for your money together

Resources to Help You Merge Your Finances

If you’re looking to get better with your finances together, here are some helpful posts to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

 

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 

Merging finances is more than combining bank accounts. It’s working together with the good, bad, and awkward, including dealing with debt.

Today we’re discussing the legalities of who’s responsible for what, credit scores, and how to dump debt together!

Marriage and Debt

Marriage is about two lives coming together. It can be a wonderful feeling to know you have someone to watch your back through thick and thin. 

Part of coming together is dealing with your finances together and for many couples debt is a chunk of it.

Between credits cards, car and student loans, and maybe a mortgage, the two of you could be starting your marriage in the negative

As a couple you know paying down is the way to go, but you have other concerns on your mind. If one or both of you come in with debt, who’s legally responsible? 

What about the debt you take on after you’re married? What if you two have drastically different credit scores? How will that affect plans that you have – perhaps buying a house down the line? 

Which is why I’m happy Leslie Tayne is here today. Leslie is an attorney who specializes in debt resolution. With almost twenty years of experience, she helps clients get debt relief and resolution. 

She’s sharing her expertise on how debt can affect your finances and marriage.

 

In this episode we’ll get into:

  • Who’s responsible for what legally when it comes to debt
  • Dealing with common situations that can come up when one spouse has a higher credit score than the other
  • Ways to talk about debt and work as a team to get rid of it.

Let’s get started! 

Resources to Dump Your Debt Together

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 

 

Direct download: S10E7_Yours_Mine_Ours_Debt.mp3
Category:personal finance -- posted at: 8:14am EST

Getting on the same page with finances can be tricky. Learn how you can communicate better with your spouse about money and more!

Why We Fight About Money

No one wants to have money be this source of stress in their lives, not in a strictly financial sense where you’re worried about the bills and definitely not in your marriage. 

And yet, it is usually listed as one of the top reasons spouses have fights

And if you have debt? It’s even more of an issue. In one study, with couples who carried debt, they found that 48% of those with over $50,000 of debt listed money as stress point compared to 23% of those with less than $10,000.

It makes sense, right – if you have the more debt you have, the more your current income is tied up to pay it. 

So then couples usually want to come up with some plan to pay off their debt, but they hit a wall when it comes to making and executing that plan. There’s too much tension and blame to get things rolling. 

But if you’ve listened to this for a while, you’ve heard stories of couples who have overcome some huge issues like massive amounts of debt, being hit with financial infidelity, or being on the brink of bankruptcy yet they managed to come out stronger paying off massive amounts of debt.

How do you get there though? 

Through better conversations about money and more. It’s not easy to get started so today Traci Philips is going to share how we can better communicate. 

 

As a Leadership & Performance Strategist, Traci assists her clients in identifying core challenges with her unique strengths in translating both verbal and non-verbal language. 

Into this episode, we get into:

  • Better Understanding Where Our Spouse is Coming from with Money
  • Common mistakes couples make when talking about money
  • How to work through disagreements to diffuse a potential money fight

Let’s get started! 

Resources on Marriage Fights & Finances

Want to learn more and become more productive with your money dates? Here are some resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S10E6_How_to_Diffuse_Money_Fights.mp3
Category:personal finance -- posted at: 10:09am EST

Tax season is here and with it the stress of getting your taxes done right.

We’ll look at some ways you can simplify, organize, and maximize your tax deductions and credits this year and set yourselves up for big wins next!

Tax Tips for Making Filing Easier

Now before we jump into this episode I want to be clear about one thing. 

 I’m not a tax expert.

Not a CPA.

Not an EA (that’s an enrolled agent). 

But even if I was, I cannot give tax advice to you on this podcast because every family is different. 

And that means so are your taxes.

However, there are several key areas where many of us -especially busy couples, couples who are juggling so many things like kids, work, finances, side projects, and more  -should be paying attention to because they have a huge impact on how things go for us when it comes to taxes. 

And I got some good news - I’m keeping this episode on the shorter side. 

Why? 

If you’re a regular person like me, taxes are not the most exciting thing. 

However we have seen how important getting our tax done has been for our finances -both with planning throughout the year as well as using our refunds to reach our financial goals faster.

And I want you to see taxes in a better, maybe less stressful light.

In this episode we’re looking at: 

  • Decoding key tax items (like tax credits versus deductions) so you can be better prepared when filing
  • How to make sure your paycheck is working you - you may be leaving money on the table
  • Accounts to Maximize Your Finances Now and Later

I want to make things less stressful for you so you can knock out your taxes. 

Sound good? Let’s get started! 

Resources to Tackle Your Taxes

Looking to make taxes less stressful? Here are some of my favorite resources!

And if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

Our goal is to help one another out. Hope to see you there!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S10E5_Tax_Guide_for_Busy_Couples.mp3
Category:personal finance -- posted at: 10:11am EST

How can you structure your finances so you can have more options and flexibility? 

One path that’s helped many families is working towards financial independence. For many families, though, it seems like an unrealistic goal. 

They assume that if they’re not making six-figures or if they have kids, they’re unable to achieve it. 

What you might not be aware of is how practical the principles behind FI can be for you. 

By applying the mindset, habits, and strategies you can not only improve your finances but give yourselves more opportunities to build your life around who and what matters to you. 

That’s why I’m excited that today we have Brad Barrett, co-founder of ChooseFI.

Brad Barrett went from being a full-time CPA to retiring with complete financial independence by the age of 35. 

Now, through ChooseFI, he’s empowering others to live more intentionally and get on the path towards financial independence!

In this episode we’re looking at: 

 
  • How to save on the three biggest expenses 
  • How to persuade your spouse to try to FI 
  • How to get to FI while still enjoying your journey

Let’s get started!

Resources to Get on the Path to Financial Independence

Are you two serious about becoming financially independent?

Here are handy resources mentioned in the episode along with extra tools to help you optimize your money together!

And if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

Our goal is to help one another out. Hope to see you there!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S10E4_Teaming_Up_for_Financial_Independence.mp3
Category:personal finance -- posted at: 8:09am EST

Are you looking to speed things up with your money goals? We’ll look at how you can earn extra money on the side so you can build your net worth!

Earning Money from Side Hustles is Only One Path

Many couples want to pay off debt faster, save for a house or start investing and the problem is cashflow is currently tight.

Real tight. 

One of the things I suggest is looking at your budget, but sometimes the issue is that there isn’t enough income coming in. 

Whether it’s through a one time occasional deal like selling your stuff, running a side hustle, or starting a possible career change, it’s going to take work. 

So before you make the leap, I thought it would be helpful to get an idea of the different ways you can earn more this year. 

My hope is that you’ll get a better idea of what would best for your situation and goals. 

Today’s guest Joseph Hogue is a personal finance author and creator of Let’s Talk Money who has built several income streams into businesses.

I also have Louis Guillama, Vice President of Real Estate Operations at Coastal Credit Union sharing his take about the pros and cons of getting into real estate. 

 

In this episode we’ll go over:

  • Finding opportunities to earn income when your schedule is tight
  • Breaking into the gig and side hustle economy
  • Thinking long term and get more involved with your  income streams by looking at real estate investing

Let’s get started! 

Resources to Start Earning More Money on the Side

If you’re looking to earn more so you can knock out your big money goal, here are some resources to check out. 

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Support the Podcast! 

If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word. If you have friends who could boost their savings, please share this episode with them on social media or just email the link!  
  • Leave a review. Every review helps! Please share your honest feedback on Apple Podcasts or Stitcher
  • Visit our Couple Money Toolkit for more info on available apps, tools, and services to master your money together.
  • Become a Patron. 

Special Thanks! 

Like the music in this episode? Our theme song is by Gentle Regime. I also want to thank Lee Rosevere for music in this episode.

 

Direct download: S10E3_Build_Income_Streams_to_Knock_Out_Your_Goals_Faster.mp3
Category:personal finance -- posted at: 6:44am EST

Whether you’re saving for emergencies, a vacation, or a house, you have to have some way to stash away that money.

We’ll look at some popular savings hacks and how to find the best savings option for you!

Are you saving up for something big this year? If you are, you have plenty of company. 

Fidelity released its 2020 New Year Financial Resolutions Study and found that 53% of those surveyed who were planning on working these finances had saving more as their goal

That’s great news considering on average, we’re not really saving enough. 

According to GoBankingRates when they asked more than 5,000 adults their savings balance, 58% had less than $1000 saved and 32% admitted to not having anything at all in their savings. 

That is a really vulnerable position to be in. 

So if you want to turn things around and really ramp up your savings, I think you’ll enjoy today’s episode. 

I’m sharing the best tips and stories from one of the super savers and favorite guests I’ve had on this podcast.  

 

Financial educator and Journey to Launch creator Jamila Souffrant and her husband saved over $80k  one year while living in NYC

More interestingly is how she was able to get him on board. Great ideas on how to approach not just the process, but enjoy the journey together. 

Joe Mecca from Coastal Credit Union and another super saver is also back on to break down his goals for this year and how he’s saving for them. 

In this episode we’re looking at: 

  • why your savings rate matters
  • Where and how to get started with savings in your budget
  • how to set things up so you’re automatically saving more while still enjoying life

Let’s get started! 

Want to start boosting your savings rate? Here are some resources to check out:

Support the Podcast! 

If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word. If you have friends who could boost their savings, please share this episode with them on social media or just email the link!  
  • Leave a review. Every review helps! Please share your honest feedback on Apple Podcasts or Stitcher
  • Visit our Couple Money Toolkit for more info on available apps, tools, and services to master your money together.
  • Become a Patron. 

Special Thanks! 

Like the music in this episode? Our theme song is by Gentle Regime. I also want to thank Lee Rosevere for music in this episode.

Direct download: S10E2_How_to_Become_Super_Savers_This_Year.mp3
Category:personal finance -- posted at: 8:27pm EST

One of the top three financial goals people have is getting out of debt, but few actually knock it out. Today we’re diving into key money systems couples have used to become debt-free!

Best Strategies for Couples to Dump Debt Faster

How are you doing?! I hope you’re having a wonderful week.

We’re back. New Year, a new season of the podcast.

I want to start off by saying thank you. Your support has been incredible and because of it, we’re here for season 10!

When I started the site Couple Money and even the podcast a few years, my goal was pretty simple.

Help couples not only get their finances in a good spot but find a way for money to be a way to work together instead of being a source of stress.

Whether you’re paying down debt, saving for a dream, or going down the path of financial independence, the main focus is doing it as a team.

We’ll definitely be covering that this season again, but there’s another issue I’ve been seeing that has added a layer of unnecessary stress when it comes to finances.

As I look at my newsfeed on my phone or catch some stories that get picked up, I just see this trend of HUGE stories.

Debt-free stories where the couples have paid massive amounts of debt – six-figures- in a crazy short amount of time.

Couples who have saved 60%, 70% of their income in a year.

These are incredible stories and I’ve found them at times to be motivating and challenging us to look at how we spend money.

I’ve even had a few of them on the podcast.

However, when these are the stories that get picked up again, and again, you kind of get a bit fatigued and when the headlines only tell part of the story – like the fact they were making incredible amounts of money, then you can feel discouraged.

Add on that many of these stories don’t talk about that key step – aligning your goals and getting on the same page.

If you’re not there, then you almost can feel like throwing up your arms and just giving up.

I don’t want to give up. I would love for you to tackle those big goals, but more importantly, I want you two to feel comfortable and excited about the plan you two carved out for yourselves.

How?

By acknowledging while there are certain financial principles that are incredibly helpful, we all have different approaches to how we tackle our goals.

Today we’re going to do that with one of the most common goals families have with their finances – paying off their debts.

Today I want to share some guests we’ve had on the show who have become debt-free, but had different amounts and time tables.

In this episode we’re looking at:

  • The step by step process of how to set up a system to pay off your debt faster
  • Some of the most common hangups couples have with becoming debt-free
  • Tools and apps to make it easier

Let’s get started!

If you’re looking for some more inspiration, tactics, and encouragement about becoming debt-free together, please check out my interview with Chris Browning.

Resources to Pay Off a Mountain of Debt

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Your Debt-Free Plan

And if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

Our goal is to help one another out. Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S10E1_How_to_Get_Out_of_Debt_This_Year_as_a_Couple.mp3
Category:personal finance -- posted at: 7:36am EST

Money can be a huge source of stress, but it doesn’t have to be.

Today I’m going to share 5 ways you can simplify your finances so you two can enjoy your marriage and money!

Simplify and Reboot Your Money

How do you feel about the progress you’ve made this year with your finances?

If you’re not quite happy with where you are right now, don’t panic. There’s still plenty of time to reset and reboot things with your money.

Since my Dump Debt Together session aired last Monday as part of the Mamas Talk Money Summit, I have been keeping busy answering some of your questions about changing things up for the better.

I’ve noticed that the biggest concern is getting the ball rolling.

You’re more than welcome to dig around the site and podcast. With over 1,000 articles and 300+ episodes, we cover a lot here on Couple Money.

But I know that approach can make you feel overwhelmed so today I want to wrap up this special series on the podcast with how you can get started.

In this episode we’ll look at:

  • habits to develop that will make your finances much easier to handle
  • key numbers to track (and which to pass on)
  • An easy way to reboot your money

Hope you enjoy!

Resources to Hit Your Money Goals

If you two are looking to improve how you talk and work together with your finances (and lives), please check out these resources.

If you want to discuss talking with your spouse about money, ask questions, or share your own tips please join us over at Thriving Families on Facebook.

5 Ways to Simplify Your Finances

Whether you’re the spreadsheet king or queen or more the big-picture person, I think we can all agree that we want to streamline our finances so you can focus on the people and things that matter to us.

You can really dive into the weeds with finances and debate the minute, but if you’re looking for big wins not only with your money but your marriage, here are 5 things you need to focus on.

#1: Go on Regular Money Dates

Why do I talk about money dates so much? It’s because they work!

Pretty much every couple whose paid down debt, saved a significant amount, or is on the path to financial freedom does this.

They may call it something else (like Andy and Nicole with their budget parties 🙂 ), but the idea is the same.

Having a regular time where you’re in a relaxing and low key environment to get together to discuss your dreams and your money

It can be a night out at one of your favorite restaurants or you’re just in the backyard relaxing with a glass of wine by the firepit.

Wherever and however you have your money date, you want to make sure you look at the goals you’ve created together (your WHY) and then review your numbers.

Knowing your budget, your monthly cash flow, and net worth is smart.

If you’re not sure how to start or even begin the conversation about finances, pick up my Jumpstart Your Marriage and Your Money.

I take you step by step through money dates, with conversation starters and ice breaks. I also share a 4-week plan to get you two on the same page with money.

#2 Switch to a 50/30/20 Budget

If the idea of making a budget makes you break out in hives, then you have to switch things up.

Typically when someone is complaining about a budget, there are a few key reasons. The root of it for many is that there’s no room in the budget for what matters to you. It’s so strict, you can’t any fun with things.

And while that might look like a good idea on paper – you think you’re going to get out of debt faster or hit your goal sooner – it’s usually an exercise in frustration.

Sustainable is the way to go and for most couples, it’s a process and one of the best budgets to get you started on that path is the 50/30/20.

As you probably figured out, your money (net income in this case) goes into one of three ‘buckets’ of expenses.

  • 50% Essentials: This covers your ‘needs’ like rent/mortgage, food, utilities, and necessary transportation.
  • 20% Financial Priorities: This money is allocated for your future such as investing for retirement and taking care of important money goals now like having an emergency fund and paying off your debt.
  • 30% Wants: These are your lifestyle choices. What do you two enjoy?

#3: Automate Your Budget

A simple trick that’s helped us is scheduling the bills to come out 48 hours after the deposits gone in.

You can use track your progress with apps and options such as:

  • Personal Capital – If you have a ton of accounts between you, this makes it easy to sort them out.
  • Tiller – Love how easily you can customize it based on your unique budget.
  • Zeta – Created for couples, by couples, Zeta is designed around how you two want to share your accounts.
  • Honeyfi – One of the first on the couple money app scene and very focused on getting you to share goals.
  • Mint – If you’re looking to get a handle on your budget, Mint is a very visual way to see what’s happening.

Don’t forget that along with bills, you want to automate things like your debt snowball or if savings if that’s your goal.

#4: Only Use Cash When Eating Out

Chances are eating out is a big expense with your monthly budget. Those quick lunches with coworkers seem small, but those constant convenient and on the go meals typically add up to more than you estimated.

Something that I’ve seen that’s helped me curb my spending is using cash.

There are families that like to use cash for multiple expenses and they stash them into different envelopes to track things down, but for me, that was too much work.

I’ve found that just using cash for lunches keeps me aware of what I‘m spending and minimizes me breaking the budget.

#5: Develop Laser Focus on Your Goals

Don’t try to work on all your expenses across the board. You can burn out quickly trying to slash multiple expenses at once.

I think one reason systems like Dave Ramsey’s baby steps are so effective is that they have you laster focus in on one step or goal at a time.

You begin with a starter emergency fund, then it’s all in with paying down debt, then you can fully fund your savings, and so on.

While you don’t have to be as gazelle intense as some people are – it can actually backfire with getting your spouse on board – having a priority can be powerful.

Want to optimize your spending? Try monthly challenges with one thing. Give the cash envelope a go next month.

I want you to build better habits, not go for quick wins that get undone by the next month.

If you’re pressed for time, there are options like Trim that can save you money by canceling subscriptions, finding deals with insurance, or negotiating with your cable bill.

Just focus on one thing at a time each month and by the end of the year, you’ll have some big wins.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere 

Direct download: Bonus_5_Easy_Ways_to_Simplify_and_Reboot_Your_Money.mp3
Category:personal finance -- posted at: 11:05am EST

Today we’re into how you can shift into your debt-free journey with one question!

Dump Debt Together

It’s on!

All this week the Mamas Talk Money Summit is hosting sessions about family finances, investing, career, and kids. 

My session was out Monday night – Dump Debt Together (When You Can’t Agree How). 

I had a fantastic time! While the session was on, I was live in the chat speaking and answering questions about how to get your spouse on board with knocking out this debt. 

People had some wonderful questions and were kind enough to share their biggest money challenges. 

We got into creating a budget when one spouse has irregular income, secrete debts, and conversation starters for those initial chats about money. 

But I’m not the speaker in this event. There are about 40 amazing mama speakers that are a part of the summit and their sessions cover not only the ‘essential’ goals like paying off debt, saving, and investing but also topics they may not have as much exposure or have accessible resources.

Brynne Conroy is one of the speakers. She’s going to be this Friday as part of the kids and money sessions. 

I’ve had her on the podcast when she released her book, The Feminist Financial Handbook. She’s also the creator of Personal Finance By Women. 

Her session is Managing Your Finances With a Special Needs Child. 

In this episode we’ll look at:

  • Why Brynne’s session is needed
  • One activity you can do to get your spouse on board with becoming debt-free

Hope you enjoy!

Resources to Hit Your Money Goals

If you two are looking to improve how you talk and work together with your finances (and lives), please check out these resources.

If you want to discuss talking with your spouse about money, ask questions, or share your own tips please join us over at Thriving Families on Facebook.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere 

Direct download: Bonus_4_Mindset_Micro_Habits_and_Mamas_Talking_About_Money.mp3
Category:personal finance -- posted at: 7:48am EST

Can’t agree on how to tackle your finances? Learn how you work together on some of your biggest money issues!

Working Through Money Issues Together

Last month, in the newsletter I mentioned that for October I was going to be focused on the theme of r resetting and rebooting your finances so you can hit your goals before 2019 ends.

I’m doing a special mini-series this month on the podcast, but that’s not the only project I’m doing.

I’m also a part of a big event happening next week that follows this idea of pushing through on your financial goals – The Mama Talk Money Summit.

The event is happening next week – October 21st through 25th.

All week during the summit, there will be sessions from over 40 incredibly financially savvy mamas and speakers. We’re talking all about:

  • Family Finance
  • Investing, Retirement & Estate Planning
  • Career & Business
  • Teaching Kids About Money

And much, MUCH more!

So whether you’re trying to knock that credit debt, get some savings stashed away, or are looking to invest for long term goals, this summit will have at least a few sessions that can help you make it happen.

And 2019 Mamas Talk Money Summit is a FREE conference that’s 100% online!

This was an important point for me because I know we’re all at different points in our financial journey, so having it be free to register was one of the reasons I wanted to join in.

The reason I’m bringing this summit up is 1) I think it’s an incredible event and resource and 2) my session is going to be about a specific hurdle that we as couples can sometimes have when we’re trying to improve our finances, such as paying off debt.

In fact, my session is called Dump Debt Together (When You Can’t Agree How).

So you’re all ready to knock debt out, but your spouse….not so much.

I’ll be sharing some ways you can dig into the real reason they’re hesitating and some ways you can use that to come up with a debt-free plan they’d want to join in on.

So if you’d like to grab your free pass, catch that session and more, please just head over here.

So the session will be a deep dive on the topic, but I want to touch on today this idea of trying to get on the same page.

Adam Kol is joining me today.

He’s a former Tax Attorney and a Certified Mediator who is now focusing on helping couples working through some of their issues.

Today we’re going to take a situation and question from someone in the community.

In this episode we’ll look at:

  • Questions to ask to get your spouse to open up
  • How to use what-if scenarios to work through issues
  • Working to keep things open and honest so that you’re making the progress you want together

Hope you enjoy!

Resources to Hit Your Money Goals

If you two are looking to improve how you talk and work together with your finances (and lives), please check out these resources.

If you want to discuss talking with your spouse about money, ask questions, or share your own tips please join us over at Thriving Families on Facebook.

Adam Kol: Couples Financial Counselor

He’s a former Tax Attorney and a Certified Mediator who is now focusing on helping couples working through some of their issues as a couples financial counselor.

Adam is providing individually-crafted, fundamentally-sound Couples Financial Counseling and training.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere 

Direct download: Bonus_3__How_to_Work_Together_with_Money.mp3
Category:personal finance -- posted at: 12:07pm EST

Learn how you can create goals to achieve your big financial goals while avoiding burn out!

Knocking Out Your Big Financial Goals

When we started this mini-series last week about rebooting your money, I talked about how to hit those goals you have to change things up a bit.

Karen Cordaway went over how we could reframe things around the quality of our lives.

It’s not paying off debt, it’s about having money to travel more. You’re not just saving money in the bank, you’re giving yourself a building a sizable downpayment to buy a house.

This can be a powerful way to motivate yourself.

There’s another side to that puzzle – creating the goals themselves.

Since most people don’t achieve those big results that they hope for, is there a way to make them work for you so that you do make them happen?

I think so.

I believe there’s a way to achieve those ambitious goals without burning out.

And I think Joseph Hogue is the perfect person to break it down.

Since I’ve met Joseph at a conference a few years ago, I’ve seen how well he’s done with following through on his plans and goals.

Joseph Hogue worked in private wealth management and venture capital for more than a decade before freelancing as an investment analyst.

He now teaches regular people how to beat debt, make more money side-hustling and invest.

So I thought having him break down his approach would be helpful.

In this episode we’ll discuss:

  • Creating goals that fit your season so you’re not burnt out
  • Avoiding the yo-yo diet cycle with your finances
  • Uses challenges to grab big wins

Hope you enjoy!

Mama Talk Money Summit

Speaking of hitting those money goals, next week we’re talking about a special event that I’m a part of to help you do just that – Mama Talk Money Summit.

Chelsea Brennan from Smart Money Mamas has put everything together.

For 5 WHOLE days, the Mamas Talk Money Summit is bringing you presentations from over 40 incredibly financially savvy mamas who have TONS of valuable advice to share with you all about finding your financial swagger, raising kids who are money masters, and connecting with a tribe of moms who are getting smart with their money.

We’re talking all about:

  • Family Finance
  • Investing, Retirement & Estate Planning
  • Career & Business
  • Teaching Kids About Money

And much more!

So whether you’re trying to knock that credit debt, get some savings stashed away, or are looking to invest for long term goals, this summit will have at least a few sessions that can help you make it happen.

Along with the session, there will be a live Q&A with each speaker.

For example, for my session – Dump Debt Together (When You Can’t Agree How) – I’ll be online in the chat so you can ask me questions while watching it.

It’s all online and you can register and watch the sessions for FREE!

This was an important point for me because I know we’re all at different points in our financial journey, so having it be free to register was one of the reasons I wanted to join in.

The event is happening on October 21st through the 25th.

Now what I love with how Chelsea is putting this together, is that she has some fun giveaways and prizes along with the summit.

There will be over $15,000 in giveaways of money tools, courses, swag, and gifts for moms throughout the event!

So you not only can catch the most useful sessions to help you knock out your big money goal, but you can also pick up some fantastic and helpful prizes.

I hope you’ll join me and other mamas. Just make sure you grab your FREE ticket by signing up here!

Resources to Hit Your Money Goals

If you two are looking to improve how you talk and work together with your finances (and lives), please check out these resources.

If you want to discuss talking with your spouse about money, ask questions, or share your own tips please join us over at Thriving Families on Facebook.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere 

Direct download: Bonus_2_How_to_Set_and_Reach_Your_Big_Financial_Goals.mp3
Category:personal finance -- posted at: 6:15am EST

Today we’re looking at how you reboot your money by not focusing on the finances!

It’s now October.

The year is officially wrapping up and for many, it’s a busy season. Do you have any plans coming up? 

This month we have a family trip planned to see some of our friends and family for Virginia. 

We're looking forward to it. 

But I also know that this time of year can also be one of reflection and review. 

We've knocked out some goals like saving up for my husband's next car, but we're still working on our big goal for the year - paying an extra $11k on our mortgage. 

How about you? How close are you to hitting your goals? 

If you’re behind on them, it’s okay. There is still time for you to reset and reboot your finances. 

And I want to help out. 

So this month I want to turn things around by doing a mini-series on the podcast.

Each week we’re going to be tackling some of the big hurdles you might be having with your goals. 

One reason I’ve noticed people get behind is that they’ve lost that some of that momentum and motivation. 

Let's be honest if you’re dealing with something big - like trying to become debt-free, you could be in it for a while depending on how much debt you have now. 

So how can you not only keep on making progress but actually enjoy yourself? 

Something that can help you is reframing your goals. 

And today, Karen Cordaway is here to talk about how. She’s the author of The Everyday Bucket List.

If you subscribe to the newsletter - and you really should ;) - you’ll remember it’s one of three books I recommended this summer. 

In this episode we’ll discuss: 

  • Move away from making financial goals to more holistic ones
  • How you can create a bucket list that fits your season of life now
  • Tools to make it easier to incorporate more fun into your routine

Let’s get started! 

 


Today we’re looking at how you can knock out a debt or two before this year wraps up!

Knock Out a Debt Quickly

Who doesn’t want to unload a debt before this year wraps up?

Paying off debt is usually one of the top three goals people make for the year, but struggle to achieve.

That’s not going to happen with you.

I want you to make some headway with your debt-free goals which why we’re finishing up with season with a call to action – we’re going to knock out debt.

Of course, to do this we need money.

There are three ways you’re going too free up money so to speak to pay off those debts faster:

  • Optimize your current budget
  • Consolidate your debts
  • Earn extra cash

We’ve talked about different ways you can save this season, with housing, cars, and how to bake in automatic savings so today I want to look at the other two options.

David Jacobs, VP of Consumer Lending at Coastal Credit Union, is going to talk about the differences between HELOCs and home equity loans.

If you going that route, you really need to understand how they work.

We’re also looking at using side hustles to earn that extra money. Can you really knock out your debts with a side gig?

Kevin is a member of our community and was kind enough to reach out to me about his experience. He’s done both delivery driving with GrubHub and ride-sharing.

What’s cool – at least to me – is that he’s an accountant in his day job. So when he did the side hustles he was tracking not only his earnings but expenses.

I think you’ll enjoy hearing his take on whether it’s a viable way to earn some extra cash.

In this episode we’ll discuss:

  • Understanding debt consolidation options with your home equity
  • Whether side hustles can be a smart way to earn extra cash to pay those debts
  • Ways to stay motivated

Let’s get started!

Resources to Pay Off a Mountain of Debt

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They want to help you achieve your biggest goals!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

 
Direct download: S9E11_How_To_Dump_Debt_Before_The_Year_Wraps_Up.mp3
Category:personal finance -- posted at: 8:39pm EST

No parent wants their kids to go deep in debt, but whether it’s college or trade school, education can be pricey.

Learn what options are available and how to best save up for your kid’s college expenses!

Paying for Your Kid’s Education and College Expenses

With student loans seeming like a weight on many college grads, I think most parents who kids are thinking about either college, trade school, or vocational schools are trying to find ways to ease the burden.

And the advice typically given is to save ahead.

But the price of getting an education is rising pretty quickly.

How do you do that when you juggling your current family expenses and saving up for other goals?

To help me out today is Drew Snider. He’s a director in Financial Planning at Coastal Wealth Management.

He’s also a parent of a 12-year-old daughter and yes, he’s been thinking about this as well. So he’s looking at this from both sides.

In this episode, we’ll get into:

  • The rising costs of college and why its harder for kids to work through college
  • What options you have to save to and invest
  • How you can start saving now

Let’s get started!

Tips on Paying for College

If you two are looking to help your kid skip out on student loans, here are some resources to help you save up.

Key Takeaways on Paying for Your Kid’s College Expenses

Before we close up I want to focus on some key takeaways I got:

  • Start early.
  • Don’t go on autopilot.
  • Have your kid have skin in the game.

If you’d like to chat more about ways to save for your kid’s college and education expenses, please join us in our private and free Facebook group, Thriving Families!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.


Learn how you can talk to your parents about money, their retirement, and beyond with less stress!

Helping Your Parents Prepare for Retirement and Beyond

Learn how you can talk to your parents about money, their retirement, and beyond with less stress! #family #money #podcast

We talk about how to discuss money as a couple and make those conversations less stressful. And I hope you two feel more relaxed when you’re talking about your goals and finances.

I also know that just because you two can talk about money, doesn’t mean that you’re cool with those money chats with everyone.

Especially when it comes to your parents.

My mom is getting closer to retirement I want to make sure that she’s in a good spot. Healthwise things look alright, but I also know that’s not given.

We’ve other relatives have some significant health issues, including dementia and injury and it does make us wonder, how prepared are we to make sure our parents are taken care of?

It’s easy to put it off, but do we really want to?

So how do you start those conversations? How do you prepare for when you need to step in and help out your parents?

Journalist and personal finance author Cameron Huddleston had to deal with it firsthand when helping her mother who was diagnosed with Alzheimer’s disease.

Her latest book is Mom and Dad: We Need to Talk is a fantastic guide on how to come together as a family now so down the line, everyone is on the same page.

So I’m we have her on today.

We also have financial advisor Jonah Kaufman sharing his take as he’s had to help families navigate through these delicate conversations.

In this episode we’ll discuss:

  • Why you don’t want to wait to talk to your parents about money
  • Key conversations you should have and how to get started with them
  • Crucial documents that will protect your parents and their wishes

Let’s get started!

Resources for Parents and Retirement

Here are some fantastic resources to help you two get more comfortable talking about retirement and more with your parents.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially, please consider Coastal’s Retirement Planning Program!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S9E9_Helping_Your_Parents_Plan_for_Retirement_and_Beyond.mp3
Category:personal finance -- posted at: 5:00am EST

When you’re buying a house, there is a ton of paperwork and terminology thrown at you. 

Today we’re going to decipher and explain all the essentials you need to know to get a great deal on your mortgage! 

Getting a Great Mortgage When Buying a House

Even if you’re excited and ready to buy a house, it can still be stressful.

Last week I mentioned that my mom is moving into the Raleigh area after getting a job offer.

She’s getting all that paperwork done for work and keeping her current home in tiptop shape since it’s on the market to sell.

And whenever she’s in town to take care of her work stuff, we’re also driving around looking at places and neighborhoods.

Being with her reminds me of our own house hunt and I remember how at times things seemed overwhelming.

Buying a home is a huge purchase and while you’re trying to make sure it’s the right fit for you, you’re also sorting through all this paperwork.

When you’re getting a mortgage, your lender is combing through your finances and it feels like they request every scrap of information they can get.

And then when you do find a home, you make the offer – hopefully they accept. You have a home inspection, have the house appraised, and get paperwork like title insurance done.

It’s a lot.

And the first time around, we knew we paid a fair price, but we were a little lost.

The second time, though, we felt confident about buying the house.

One part that made a huge difference for us was getting our loan officer to walk us through.

Having your loan officer in your corner, along with a great agent makes the process enjoyable and rewarding.

We’re so grateful to have had that.

And I want you to feel the same way.

So if you’re in the market to buy or you know in the future you’d want to buy a home, I think you’ll enjoy this episode.

I’m sharing one of my favorite interviews on the topic, my chat with Wendy Dawson. She’s the Vice President of Mortgage Lending at Coastal.

In this episode we’ll discuss:

  • What you need to keep in mind about mortgages
  • All the fees and expenses that typically come with buying a house – its more than just the down payment
  • How to decipher the paperwork

I want you to feel comfortable and confident you’re getting a great deal with your mortgage.

I hope you enjoy!

Resources on Getting a Great Deal on Your Mortgage

If you’re looking to buy, here are some resources to help you find a great deal with your mortgage

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

See how Coastal can help you with your mortgage needs!

Key Takeaways on Buying a Home

I want to focus on some key takeaways I got from talking with Wendy and our own experience:

  • Know your numbers (and own them) 
  • Understand your mortgage options
  • Ask questions. 

If you’d like to chat more about buying or even selling your house,  please join us in our private and free Facebook group – Thriving Families

Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S9E8_Best_Mortgage_Tips_for_Home_Buyers.mp3
Category:personal finance -- posted at: 10:59am EST

Today we’re going over home buying tips so you can snag a great deal on your dream house! 

What You Need to Know About Buying a House

This summer is wrapping up, but things are about to get busier for us. 

My mom was recently offered a job in the area and so she’s asked me to help her with buying a house. 

The problem is that here in the Raleigh/Triangle area, it’s very much a seller’s market. 

Since we bought our house three years ago, prices have gone up on homes. The median price of homes currently listed in Raleigh is $330,000.

Which means we need to be savvy house hunters. 

I’m excited about this, but it’s going to be a challenge for sure. 

And if you’re looking to buy a house, you might be facing the same challenges. 

Which is why I’m so happy to have Louis Guillama on today to offer his expertise.  He’s the Vice President of Real Estate Operations over at Coastal Credit Union.

He has decades of experience with the real estate agent side as well as home renovations. 

In this episode we’ll discuss: 

  • differences between buying new construction vs resale
  • spotting great and still affordable neighborhoods
  • finding a fixer-upper (instead of being stuck with a money pit)

Hope you enjoy!

Resources on Buying a House

If you’re looking to buy, here are some resources to help you find an affordable place you love!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you need an agent, Daymark Realty has a fantastic team ready to help find the perfect house for you in the Triangle area! 

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S9E7_Home_Buying_Tips_for_Finding_Your_Dream_House.mp3
Category:personal finance -- posted at: 7:09am EST

How do you feel about managing money? Is it something you enjoy doing or do you see paying the bills, knocking out debt, saving for your future, etc. a bit much?

When we were first married it was honestly a little overwhelming. We had the bills to pay, a car loan, and eventually student loans that were going to come due. 

The idea of getting a financial system seemed complicated.

The good news is it wasn’t.

With a little organization so we had our acct info in front of us. It was a one evening thing. 

And it’s made a huge difference for us. 

We’ve paid off over $30,000 of debt, bought our cars with cash, started investing for retirement, and giving more.

Through the years, we’ve had to take a step back to help out loved ones and deal with our family. With two little ones as our priority, we sometimes have put money conversations on the back burner.

The automated system allowed us to still take care of the essentials and not miss a beat. 

But I also know that the idea of setting up a system sounds like a ton of work.

Truth is the initial set up typically isn’t as difficult as you think and the benefits are more than just the money. 

To make this easier we’re going over: 

  • Peek into Our System so You Have a Real Life Example
  • Setting Up Your Financial System
  • Tools and Apps to Make it Easier to Set up and Track Your Money

I hope you enjoy! 

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They have fantastic options to make online banking easy!

Resources to Stay on Top of Your Money

Here are some resources to make managing your money much easier!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.


With the FIRE (financial independence/retire early) movement growing, many families are wondering if it's an option for them. Today we look at the key numbers parents need to consider when pursuing financial independence while raising kids! 

What choices do we need to make as a family now to become financially independent?

Helping me to dig into this is Jonah Kaufman. He’s a financial advisor at Coastal Wealth Management. 

And while he’s not here for specific financial advice – that’s something you need to do one on one since everyone has unique financial circumstances – we are going over some things to consider and talk about as a family.

In this episode we’ll discuss: 

  • 5 big myths and misconceptions people have about financial independence
  • Two key numbers to keep an eye on for early retirement (and income is not one of them!)
  • How you two can create a FIRE plan that fits you

Hope you enjoy!

Handy Tools to Start Your FI Journey

If you’re looking to get ahead with your finances as a family by pursuing financial independence, here are some resources to check out:

FI Community

Too many to number, but here are just a few of my favorites!

If you’d like to chat more your money system, please join us in our private and free Facebook group – Thriving Families

We’re families looking to support and help one another out.

Hope to see you there!

Thank You to Our Sponsor Coastal!

Thanks to our podcast sponsor Coastal Credit Union!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially for retirement, please check out Coastal’s Retirement Planning options

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? It’s provided by Lee Rosevere.


Looking to raise kids while pursuing financial independence? Here are some tips from Simplify and Enjoy to help you reach your goals and enjoy the journey!

How to Simplify Your Finances and Enjoy Your Family

As I mentioned in the last episode, this week is going to be a bit different. I’m going on vacation with my family soon but I wanted to leave you with some bonuses.

As you already heard, I started a new podcast – Simplify and Enjoy.

While here on Couple Money we talk about getting on the same page with money as a couple, Simplify and ENjoy is more focus on families especially with young kids who are interested in pursuing financial independence.

Besides looking at the numbers, of course, we’re going to be looking at how to design your life around your family.

How do you make the finances work so you are hitting your goals but you’re also enjoying the journey?

So this week I’m going to share the first two episodes from the series – easy ways to manage your money when you’re busy and then the second episode is finding your path to financial independence when you’re raising young kids.

I hope you enjoy these episodes and that they help you with your own journey to financial freedom and independence as a family!

Handy Tools to Save More

If you’re looking to get ahead with your finances as a family, here are key resources to check out!

Thank You to Our Sponsor Coastal!

Thanks to our podcast sponsor Coastal Credit Union!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They have competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 


Want to get the most out of your 401(k)? Learn the key guidelines on how you can choose the best investment options for you! 

Want to get the most out of your 401(k)? Learn the key guidelines on how you can choose the best investment options for you! 

Making the Most of Your 401(k)

Chances are if you’re investing for your retirement, the bulk of that money is stashed away in your 401(k).

For those whose employers offer them, they’re an easy option to sign up for and contribute towards.

But are how comfortable are you with how it is doing?

To help sort things out, Jonah Kaufman is joining me for this episode.

Jonah is a financial advisor at Coastal’s Wealth Management Services.

These will give you some starting points and ideas on what you need to talk about.

In this episode we’ll discuss:

  • Why your 401(k)s are a great foundation for retirement savings
  • What factors to consider when you’re investing
  • Understanding some of the different options that your 401(k) may offer

Hope you enjoy!

Just to make sure we’re on the same page, this episode is NOT about specific investment advice.

You would need to consult a qualified financial professional who can evaluate your unique circumstances.

Resources to Stay on Top of Your 401(k)

Here are some resources to make managing your money much easier!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially for retirement, please check out Coastal’s 401(k) Planning Calculator.

Key Takeaways on Optimizing Your 401(k)

Before we wrap up I want to focus on some key takeaways I got from speaking with Jonah and preparing for this episode:

  • Understand yourself as an investor.
  • Performance isn’t tied to cost with your investments.
  • Don’t check your investments too frequently.

If you’d like to chat more about your financial goals,  please join us in our private and free Facebook group – Thriving Families.

Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.


Today we’re talking about how you two can really review the big picture and make sure you hit YOUR big money goals!

Financial Check-ups  

The first half of this year is about over, so how are you guys doing right now?

It’s funny how time seems to speed up and slow down.

Looking back we have had some big ups and downs in the past four or so weeks, both financially and in our lives.

Last month our adorable cat had some seisures and other issues and in a span of week – if that – he went from sick to passing away.

It was so fast, the vets were trying to figure out what happened.

And because a few issues, we just got his remains last week and paid his final expenses.

Thankfully we have savings, but between emergency hospital exam, tests, and his vet visits, it definitely was pricey.

Besides that weight, we had good things to celebrate.

We were invited to two baby showers and then last weekend we went to two graduation parties. And of course, they are bunched together.

But that’s life, right?

At least for us.

And I find it so easy to let certain things slip by because there are more pressing or immediate things happening.

The danger is by focusing only on the thing right in front of you, that you miss important stuff. 
I don’t think money is the most important thing. I do however realize that much of our day to day and long term goals need us to be on top on our finances.

We should have a game plan for our money and a system that allows us to put in place so when things come up – and they will- our finances keep chugging along.

Which is why I’m so glad Cathrine Bryant is joining in today’s episode.

She’s a financial advisor at Coastal Wealth Management.

In this episode we’ll discuss:

  • Getting a financial snapshot and prioritizing which goal or two is your focus
  • Setting up a system to both track your money and getting into a habit of money dates
  • Finding a financial planner when you need a check-up with a professional

Let’s get started!

Resources to Stay on Top of Your Money

Want some help staying on top of your money? Here are some resources to make managing your money much easier!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially, please consider Coastal’s Retirement Planning Program!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 

Today we’re going to show you how to get the best deal when buying a car!

What You Need to Know About Car Loans

Cars and car payments are a way of life for many couples.

According to the latest data I could find, there’s a record 2.5 million auto loans originated.

Average monthly payments for new vehicles are $530 for new vehicles and for used cars, it’s around $381.

That’s certainly a big chunk of their budget going to cars.

We’re a bit different.

Once we paid off our car loan with the Jetta, we’ve bought our cars outright.

As a personal and financial decision, we choose to go debt free with cars.

And if you’re curious about how that works, then you’ll want to read our guide on buying cars with cash, which takes you through how we save up and buy our cars.

It’s helped us skip having a car payment for the past 10 years.

And personally, I feel like going debt free on cars is the best option, but every couple is different.

Maybe you have a car that’s having to have repairs and because you’ve been throwing money to keep it going you don’t have much of a down payment?

Or you’d like to go for a used car, but your spouse is hesitant and isn’t willing to go that route?

Throughout the seasons, I’ve put out the offer to you to send in your money questions. I did a call for this season as well. And guess what?

Car loans came up. A lot.

Which isn’t surprising, considering that 85% of new car purchases and 53% of used car purchases use a loan.

But if you get a car loan, is there a way to make sure it’s extremely affordable and if you decide to pay it off sooner, would the numbers work in your favor?

It’s a challenge that I want to tackle today.

By examining the numbers and pushing away the hype and ads, I think you can get a clearer picture of the real costs and then figure out what’s the best option for you.

I’m extra excited because one of you lovely listeners is the guest. And Maggie actually pitched this topic to me in person.

Yep, a Raleigh listener.

Maggie and her husband Ben are trying to figure out what their options are for buying a car. And they were kind enough to share their situation and questions.

What’s cool to me about is that David Jacobs VP of Consumer from our sponsor and partner this season, Coastal Credit Union is going to give us some insights on the lending side.

In this episode we’ll discuss:

  • How to figure out how much car you really can afford
  • Getting the Best Rate on a Car Loan
  • Running the numbers to uncover some loan traps – like if those 0% deals on new cars are really a good deal

I want you two to be able to feel confident that you’re getting the best deal you can.

Let’s get started!

Essential Resources for Buying a Car

If you two are thinking about buying a car soon, here are some handy resources to help you get the best deal on them!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you are hunting for a car loan, take a minute to review competitive rates and deals Coastal is offering now to make buying a car easier!

Key Takeaways on Car Loans

Before we close up I want to focus on some key takeaways I got when researching for this episode:

  • Run the numbers before you start car hunting
  • Save up for a down payment
  • Ignore the hype

If you’d like to chat more about saving more,  please join us in our private and free Facebook group – Thriving Families

We’re families looking to support and help one another out. Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S9E4_Car_Buying_Tips_Getting_the_Best_Deals_on_Car_Loans.mp3
Category:personal finance -- posted at: 11:42am EST

Double Your Savings

This week in the community newsletter I asked a question – can you really save half your income?

Think about that for a second.

Why is this important?

Whether you’re paying off debt, saving up to buy a house, start family, travel, or invest more for your future – all of these goals have something in common.

They need money.

How much you save of your income can have an incredible impact on how fast you reach your big financial goals.

Now unless you have a stash of cash under in house or an inheritance, that money is probably coming out of your budget.

Now another quick question – do you know the average savings rate in the U.S. now?

Take a guess.

It’s around 6%.

As you probably guess that’s not going to cut it if you want to knock out any of those big goals soon.

There’s no way around it. If you want to hot those goals fairly quickly, you have to master the art of saving.

But half your income?

That’s a bit much, right?

Don’t let anyone tell that’s not a huge deal because it is.

However, it is possible to start working on bumping up that savings rate and one of my goals this summer is getting you to double yours.

We’re bringing back the summer of savings. 
I want this summer to be your best ever. Today on the podcast and throughout the season on this site, I’ll be sharing strategies to help you grow your stash while still enjoying things.

In this episode we’ll discuss:

  • A simple path to notching up your savings rate
  • Psychological hacks to save more
  • Tools that will make your life much easier

Oh and stay tuned until because we’re also bringing back the summer of savings giveaway!

Let’s get started!

Handy Tools to Increase Your Savings Rate

If you’re looking to get ahead with your finances as a family, here are key resources to check out!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They have competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S9E3_How_to_Double_Your_Savings_Rate.mp3
Category:personal finance -- posted at: 6:38pm EST

Wedding planner Megan Gillikin as plenty of insider tips to help you plan a fantastic wedding (and still stick to your budget)! 

Even though it’s about 13 years ago, I remember being stressed at times when planning our wedding.

Just like we heard at the top of the show, as soon as you announce your engagement it can feel like you’re being swarmed with questions about the big day.

But as much as your loved ones mean well, it can be easy to forget how personal this is.

For some, it’s something they planned and dreamed for years while others are looking for a very laid back and casual affair.

It’s a celebration and a promise that you to make to each other in front of your loved ones depending on the wedding you have.

There can be plenty of moving parts which can be overwhelming and stressful.

The two of you need to sit down and start talking about which things you’d like to have and which things are must-haves

You also may have family members who want to help out.

You have venues, vendors, and maybe some out of town guests to make arrangements for.

Oh, and of course paying for it.

Which is why I’m happy Megan Gillikin is on the podcast today.

She’s the owner and lead consultant for A Southern Soiree Wedding and Event Planning so she has plenty of insider tips to help you have a fantastic wedding!

In this episode we get into:

  • Establishing your must-haves and wedding budget
  • What to do when the family wants to help pay for your wedding
  • Ice breakers to get the ball rolling

Hope you enjoy!

If you want to hear from another bride who had a beautiful wedding on a small budget, listen to my interview with Jessi Fearon.

She and her husband Pat managed a sweet and special wedding for $500!

Resources to Plan Your Wedding

If you’re getting married, please check out these resources so you can plan out your special day without going into debt.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They have competitive rates on checking and savings accounts!

Meet Megan Gillikin 

Megan is the owner and lead consultant for A Southern Soiree Wedding and Event Planning. I also do wedding and hospitality business consulting.

She’s also the host of the fantastic and informative podcast Weddings for Real.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S9E2_Best_Wedding_Planning_Tips_from_an_Insider.mp3
Category:personal finance -- posted at: 11:55am EST

Need to talk about money, but worried about starting a fight? Learn easy and stressless ways you two can have the money talk and get on the same page with your finances! 

 

How to Talk About Money (without Starting a Fight)

While it makes for good TV drama, finding out your spouse has been hiding massive debt is so not the way to start talking about money.

But how do you do that – how do you start talking about money? Certified Financial Planner and NY Times best-selling author Carl Richards is on today to share some ways you can begin.

In this episode we get into:

  • Why it’s hard for most couples to talk about money
  • How money dates can keep things light and fun
  • Ice breakers to get the ball rolling

Hope you enjoy!

If you’d like to hear more from Carl, please listen to our first interview about creating a one-page financial plan!

Resources to Help the Money Talk Go Easier

If you two are ready, here are some fantastic resources to make talking about (and managing) money much less stressful!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union!

If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Meet Carl Richards

Carl Richards is a Certified Financial Planner™ and creator of the Sketch Guy column, appearing weekly in the New York Times since 2010.

Carl has also been featured on Marketplace Money, Oprah.com, and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world.

Through his simple sketches, Carl makes complex financial concepts easy to understand.

His sketches also serve as the foundation for his two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money.

Keep Takeaways for Talking About Money

Before we close up I want to focus on some key takeaways I got:

  • Make talking about money a normal part of your conversations.
  • Focus on the WHY before the HOW
  • Keep it simple

If you’d like to chat more about getting on the same page with your spouse about money, please join us in our private and free FB group – Thriving Families.

We’re families looking to support and help one another out. We’re over at couplemoney.com/fb

Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 


Need to reset your money? Learn how to do some spring cleaning with your finances to start building momentum with your biggest goals!

For some reason, I like to use April is a sort of reminder to review our financial progress. Maybe because of the deadline for taxes.

Or maybe it’s because it’s financial literacy month.

Anyways, during April I’ll poke around all our accounts, including investments to make sure we’re moving in the right direction.

I’ll also review our goals for the year and see if we need to adjust anything.

If you’ve signed up for the community newsletter you got a look at a few of our goals for this year.

We’re looking to:

  • Make a dent on our mortgage with extra payments
  • Have enough saved up to replace a car
  • And for me, I’m working on getting in shape to tackle a 5k obstacle course

And if you haven’t, go ahead and take a little extra time checking your goals and numbers.

Things can be going smoothly, which is awesome.

But it’s not – like you’re behind on a goal or you two can’t seem to make any headway on something, this episode is for you.

We’re going to look at how you can reset things, do some financial spring cleaning, and build up some momentum.

In this episode we get into:

  • Why finances are a lot like fitness
  • Best resources to get on the same page as a couple and
  • How to start paying off debt faster, saving more, and creating your own path to financial freedom and independence

Hope you enjoy!

Resources to Stay on Top of Your Money

Want to learn more about getting a redo on your money? Here are some resources to check out:

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S8E11_How_To_Reset_Your_Money_With_a_Financial_Spring_Cleaning.mp3
Category:personal finance -- posted at: 10:43am EST

Today we’re going to see how you can prepare your finances so you can buy a house without going broke!

Things are about to get hectic around here.

We just heard from our neighbor that the developer is going to start building the townhouses across the street from us starting next week.

Buying a House – Always a Smart Move?

Here in Raleigh if there’s a sliver of land, they’ll develop it.

It’s a hot market right now and homes are going up at a rapid pace.

Our property value has been rising since we bought our house three years ago.

We’ve received mail from realtors and have seen upticks with estimates from real estate sites like Realtor, Zillow, and Redfin.

We take these estimates with a grain of salt, but they are a reflection of the home value growing.

Seeing this growth you might think we’re firmly in the camp of every one needs to buy a house.

But we’re not.

And here’s the kicker – not every couple benefits from becoming a home owner.

In this episode we get into:

  • how to know if buying a home is right for you
  • real and total costs of home ownership
  • how to figure out how much you can afford so you can buy a house and still pursue financial independence

Hope you enjoy!

Resources on Buying a House

If you’re looking to buy, here are some resources to help you find an affordable place you love!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 

Direct download: S8E10_How_Much_House_Can_We_Really_Afford_to_Buy.mp3
Category:personal finance -- posted at: 2:10pm EST

Interested in knocking out your debt faster, saving for a big goal (like a house down payment), or pivoting your career path? Use these tips to not only start a business but grow a sustainable side hustle!

Launching a Side Hustle

Starting a business, work from home, side hustle - you don’t have to be online for 5 seconds before you see an ad, site, or read someone saying how easy it is to get started.

It’s kind of half-true.

I would say there are more low-cost ways to get started with making money on the side, but free? No.

Whether you’re working on the side through an app like Uber, Wag, or GrubHub, flipping furniture and other yard sale treasure for profit, or working strictly online, starting a business is probably the easiest part.

Running and growing one? That’s the work.

I know some of you are interested in knocking out your debt faster or you’re to save up for a big goal.

Maybe a buy a house or bump up your savings for your little one’s arrival and you’re thinking, could a side business be what I need?

Honestly, it could.

There is a flexibility that you have when you’re in charge.

But it’ no cakewalk.

So today I want to share my chat with Marc over at Vital Dollar about his journey from working in an office, starting a side hustle, to working from home full-time.

In this episode, we’ll discuss:

  • Why he made this transition from employee to an entrepreneur and when he knew he was ready
  • Tips to help you use that income to reach your goals faster
  • And if do become a full-time entrepreneur, how to live on an income that can fluctuate

Let’s get started!

Resources

Here are some fantastic resources to check out:

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S8E9_Tips_for_Starting_and_Building_a_Sustainable_Side_Hustle.mp3
Category:personal finance -- posted at: 9:41am EST

Do you want to go on a fabulous family vacation, but you’re still paying down debt? Learn how you can save big on your next getaway while still knocking out your debt!

Saving Up for a Fun and Frugal Family Vacation

When’s your spring break?

Our oldest has hers next month, but she’s already counting down the days.

There’s something we love about having a little getaway as a family.

The challenge for families that are on their debt free journey is how to make it work.

‘How do we take family vacations while we’re still paying off debt?’

I totally get it.

You’re not going to put your life on hold just because you’re in debt.

That said, you’re going to have to get savvy with how you plan your trip.

In this episode, we’ll discuss:

  • Setting up a vacation fund (and an easy way to build your stash)
  • Tips to help you save some serious cash and still have a fantastic, debt-free getaway
  • Whether or not travel hacking is the best option for you

Let’s get started!

Resources for Cheap Family Trips

Looking for ways to save on your next family getaway? Here are some fantastic resources to check out:

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S8E8_How_to_Go_on_a_Fabulous_and_Frugal_Family_Vacation.mp3
Category:personal finance -- posted at: 6:12pm EST

Learn how you can protect your loved ones financial abuse and how to minimize the damage if it happens!

Financial Scams and Protecting Your Family

A few years ago, my husband’s nana had sent over money to a scammer pretending to be him.

She had thought he needed help and so she generously sent it in.

It was a wake call for us . After looking into this and talking with others, our family isn’t the only one who’s had to deal with this.

Last year, a record 24,454 suspected cases of elder financial abuse were reported to the US Treasury Dept by banks.

I can’t tell you for certain why they’re being targeted, but there are two key factors to consider.

By 2030 US Census Bureau estimates 1 in 5 people will be 65 or older.

Two, there’s a significant amount of money tied to our older friends and family.

According to the American Bankers Association, 70% of bank deposits are with people over 50.

So you have a growing and market that is appealing to scammers.

So what can we do to protect our grandparents, parents, and other older loved ones?

Today Joe Mecca from Coastal Credit Union is back.

In this episode, we’ll discuss:

  • What financial scams are out there
  • Warning signs and What to look out for with your loved ones
  • How your bank or credit unions should be protecting you

Hope this helps!

If you want to hear more from Joe and find out more about credit unions please check out my interview here.

We discuss how credit unions can be a better option for couples looking to grow their wealth.

Resources to Win with Your Money

Want to go ahead and tackle your big marriage and money goals? Here are the resources we mentioned in today’s episode along with some extras!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S8E7_Protecting_Your_Family_from_Elder_financial_Abuse.mp3
Category:personal finance -- posted at: 9:49am EST

Learn how you can prepare and save for the costs of retirement!

How Much Do We Need to Save for Retirement?

If you’ve used those free online calculator to find your retirement number, you probably were amazed at how much they say you need.

A million, two million, maybe more for just one of you.

How do you feel when you see those numbers?

Considering that 1 in 3 Americans has less than $5,000 saved for retirement, chances are there’s room for improvement.

Unless you’re living in denial about retirement, you’re probably dealing many of the hurdles couples deal with when it comes to saving and investing for retirement.

1- You have a full plate right now. As parents with two little ones, we always have something to do. We’re not complaining – this is really a fun season of life right now – but realistically our time and attention are focused around them.

2- Bills and debts. You may not be able to save more because there’s not much to give right now. If you have to pay credit cards, car loan, student loans and have a mortgage, your money is pretty much spent already.

3 – You’re not a financial planner. Hop online and you’’ll quickly see that there is endless free advice about what you should be doing. And it can be overwhelming at best and wrong for you at worst. Sifting through all that can be a mess.

Running the numbers is also difficult. Especially with one area of retirement that we have to deal with now – healthcare costs and insurance.

How do you know how much you’ll need years, decades down the line?

The answer is there is no way to perfect predict how much you need. But there are ways you can start drawing a plan that fits your circumstances and your goals.

Which is I’m happy Danielle Kunkle Roberts is here on today’s episode.

Danielle is the co-founder of Boomer Benefits. Boomer Benefits specializes in Medicare supplement and Medicare Advantage insurance.

Which you may be thinking, I’m too young for Medicare, but I think she’s perfect because she has a close up of view of how prepared people really are for retirement.

She’s going to offer suggestions, ideas, and tips on what you can do now so you can be better equipped to handle the costs of retirement.

And how your health insurance choices now can help or harm you later.

In this episode, we’ll discuss:

  • Prioritizing your finances
  • How HDHP and HSAs work and when they are right for you
  • How HSAs can help with healthcare costs during retirement

Hope you enjoy!

Resources to Win with Your Money

Want to go ahead and tackle your big marriage and money goals? Here are the resources we mentioned in today’s episode along with some extras!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S8E6_How_to_Prepare_for_Retirement_and_Healthcare_Expenses.mp3
Category:personal finance -- posted at: 1:06pm EST

Today I’m answering your biggest tax questions. We’re doing a quick and easy take covering what you need to know this year when you file, how to maximize your refund, and set yourselves up with your finances for next year!

How to Maximize Your Tax Refunds with Credit and Deductions

There are some people in this world who are giddy right now because it’s tax season.

Yeah, this is like the SuperBowl for some money nerds.

And while I admit to being a number cruncher at times, I have to say taxes aren’t really that exciting for me.

Yep, guilty as charged.

However, I’ve seen how important getting our tax done has been for our finances. Both with planning throughout the year as well as using our refunds to reach our financial goals faster.

And I want you to see taxes in a better, maybe less stressful light so today I’ll tackle the big questions.

Heads up, even though I enjoy covering personal finances, I’m not a tax expert. There will be plenty of resources in today’s show notes for sure.

But this episode I will do my best to break things down and talk like a normal, non-money nerd.

In this episode, we’ll discuss:

  • The difference between tax deductions and credits
  • Major difference we noticed with the new tax law
  • Making the most of your tax refund

Hope you enjoy!

Resources to Tackle Your Taxes

Looking to make taxes less stressful? Here are some of my favorite resources!

Support the Podcast

Thank you so much for listening!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. I’d love for more couples to work together to dump their debt and pursue their dreams together! Please leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

I appreciate your help. Let’s make talking about marriage and money fun!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

 


Can you have nice things when you're paying off debt? What millionaire habits can you pick up today? Personal finance author and money expert Anthony O'Neal shares his tips and thoughts!

Busting Common Money Myths

 

Many times we mismanage our money because we’ve developed ideas and habits that are harmful to our financial health.

If we want to change or help our spouse to change, it means we have to examine those money myths and habits.

And it can be hard to change.

That's why I’m really happy to have personal finance author and millennial money expert Anthony O'Neal on today. He’s made the leap himself.

At age 19, Anthony ONeal was deep in debt and short on hope with no direction of where his life was headed. But after hitting rock bottom, he turned his life around and committed to helping students find and pursue their passions.

We met up over at the NC State University's bell-tower before his Smart Money event last week for a chat about money myths and habits.

In this episode we get into:

  • how you can have nice stuff while paying off debt
  • what millionaires do differently
  • how to financially prepare your kids for the real world

Hope you enjoy!

Resources to Build Good Money Habits

Looking to become debt free and build wealth? Here are some resources to help you build smart money habits.

Support the Podcast

Thank you so much for listening!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. I’d love for more couples to work together to dump their debt and pursue their dreams together! Please leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

I appreciate your help. Let’s make talking about marriage and money fun!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere


Think your home is an investment? For most people, it's not. 

Learn how to rethink real estate so you can build your wealth and become financially independent!

Buying a house is usually the biggest purchase we make.

Right now in the United States, the median price of homes that sold is $225,900.

For those living in high cost of living areas like California and DC, you’re looking at closer to 350k to $400k respectively.

Just considering the numbers, you can see that you really need to do your homework when it comes to buying your house.

A misstep or mistake can cost you a significant amount of money.

I don't want that to happen to you. When \ever you buy your home I want it to feel like a blessing and a burden.

We’ve had several episodes about the house hunting, getting a mortgage, and finding the best home for you.

Today, though, I want to get into the root of every bad decision we made when it comes to real estate - how we approach it.

I can’t even count how many people had such strong opinions when we were house hunting.

And not all of them were right.

There so many justifications for buying any house.

  • ‘You’re throwing away money when you rent’
  • ‘Take advantage of the tax savings’
  • And my favorite - ‘real estate is an investment’

People were saying this and they no idea what kind of house or neighborhood we were looking at.

That’s not to say buying a house is a mistake.

It can actually be a smart move when done right. And if you’re looking at investing and are willing to put in the work, real estate can be an income stream.

But how you approach it makes all the difference.

Which is why I asked Julien and Kiersten, the creators and the couple behind Rich and Regular to come on today.

They are not only are homeowners, but they are also real investors who are working towards financial independence.

Their properties are a part of their plan so I thought they would be perfect to talk about how to approach real estate wisely.

In this episode we’ll discuss:

  • Why they don’t consider their home an investment
  • How they got into investing in real estate
  • Their strategy around real estate to reach financial independence

Hope you enjoy!

Resources for Buying a House

If you two are ready to get the balll rolling with buying a house or start looking at real estate investing, here are some resources to check out:

Support the Podcast

Thank you so much for listening!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. I’d love for more couples to work together to dump their debt and pursue their dreams together! Please leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

I appreciate your help. Let’s make talking about marriage and money fun!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere


Today Grant Sabatier, the author of Financial Freedom, goes through how he was able to become a millionaire and financially independent by 30.

More importantly, he also discusses how you can create your own path based on your goals and priorities.

Get on the Path to Financial Freedom

It’s almost the end of January, how are things going for you?

Over at our FB group, Thriving Families, I've been keeping an eye on some of the goals you’ve been sharing and I’m really impressed.

We some tackling debt, many mentioning their student loans. Meal prepping is also on the list. That’s a fantastic money saver and will help you tremendously with your health goals.

Quite a few talked about earning more, both through their regular 9-5 job as well as side hustles.

On the surface, these goals seem to go in different directions, but when we chat in the group and get into the whys behind the goals, I noticed a recurring theme.

Having more flexibility and security for our families.

And for many, that path includes reaching financial independence.

But when you’re deep in debt or just starting out, it can seem overwhelming and in some cases out of reach.

However, you can take steps now to get your finances in a great spot and open up more options for your family.

Today Grant Sabatier, the author of Financial Freedom and the creator of Millennial Money, goes through how he was able to become a millionaire and financially independent by 30.

More importantly, he also discusses how you can create your own path based on your goals and priorities.

In this episode, we get into:

  • Defining what financial independence and freedom means to you
  • Why simply cutting expenses won’t get you to where you want to go
  • How side hustles can enrich your lives and get you close to your FI dreams

Hope you enjoy!

Resources to Get on the Path to Financial Freedom

If you two are ready to make some real progress on your big goals, here are helpful resources to check out.

Connect with Grant and Millennial Money

Dubbed “The Millennial Millionaire” by CNBC, Grant Sabatier went from $2.26 to $1 million in 5 years through entrepreneurship, side hustling and investing.

After reaching financial independence at the age of 30, Grant founded Millenial Money, where he writes about making and investing money and co-hosts the Millennial Money Minutes podcast.

Since launching in 2015, Grant has reached over 10 million readers and listeners through his blog and podcast.

Grant is also the author of Financial Freedom: A Proven Path to All the Money You’ll Ever Need.

Grant has been featured in over 200 international media outlets including The New York Times, Wall Street Journal, The Washington Post, National Public Radio, Money Magazine, ABC Nightline, Chicago Tribune, USA Today, Inc. Magazine, Forbes, The Sydney Morning Herald, and many others.

Support the Podcast

Thank you so much for listening!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. I’d love for more couples to work together to dump their debt and pursue their dreams together! Please leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

I appreciate your help. Let’s make talking about marriage and money fun!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

Direct download: S8E2_Financial_Freedom_for_Families.mp3
Category:personal finance -- posted at: 6:04am EST

Does your family budget feel tight? Learn 3 key ways on how you can save hundreds of dollars each month while raising your kids and still having fun!

Saving More as a Family

I know that financial independence is a buzzword in the personal finance sphere. You got stories where people are saving 60, 70% of and retiring in 5, 10 years.

I commend anyone is who simplifies their lives and removes the needless excess so they can achieve the goal.

What I do see missing in some of these dramatic stories are the numbers, details, and well, relatability.

Saving 70% of a $200k income is an achievement, but so is saving 20% of a $50,000.

And to be helpful to families of different incomes, we need to look at the principles behind and it really comes down to mastering the art of living well on less.

Notice I didn’t say living on less. You do have to spend less than you earn- that’s a core financial principle - but the other is living well.
This is about a financial diet where you deprive yourself just to save more. This is about a lifestyle where you nail what truly matters to you, cut out the noise, and move your money towards your dreams.

Now, before you can pay off your debts, have an emergency fund, or invest for your future you have to have some money, right?

We have to develop our muscle with saving more.

Which is why we have Ansley Fender on today. She’s a Personal Finance Coach and Writer.

Ansley helps people make sense of their money by designing spending plans that align with their goals and lifestyle preferences.

She also understands firsthand what it’s like to accumulate $100,000 in student loan and consumer debt while climbing her way out as a new mom.

In this episode, we get into:

  • How to pursue financial freedom when you want to have a life
  • Ways to have fun as a family without breaking the bank
  • How you can earn some extra cash by doing things you already enjoy

I hope you enjoy!

Resources to Save Money

Want to start boosting your savings rate? Here are some resources to check out:

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: E8E1_How_to_Save_More_as_a_Family_and_Still_Have_Fun.mp3
Category:personal finance -- posted at: 7:36am EST

Today we’re wrapping up the season with how to overcome setbacks and plan for your best year! 

Financial Wins, Overcoming Setbacks, and Planning for Your Best Year

How has this year been treating you? To be honest, things have been a real roller coaster. 

We've made several trips this year to visit loved ones in the hospital, nursing homes, or just to check in on them. 

We've also had a dear friend lose her battle with cancer this past week (hence the delay on the finale). 

I appreciate having this option because I know years ago when we were in debt, this wouldn't have seemed possible. 

It's made me more determined to continue helping families be in a better spot with their money so they can have more options like stepping back.

I hate when money is a source of stress when you have bigger things to think about.

With that in mind, today’s show is focused on how to do a year-end review.

In this episode, we’ll get into:

  • Our progress on our goals for the year and doing a year end revie
  • What to do when you have a set back with finances
  • Why families need to simplify and enjoy

Hope you enjoy!

Resources to Having Your Best Year with Finances

Want to learn more? Here are some resources to check out:

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.


Today we’re going over to figure out the best money goals for you and how to tackle them together!

Tackling Your Big Money Goals

It's December, can you believe it?

What are your plans for this month?

Last weekend we went up to visit family and friends in Virginia. We had a wonderful time, but we're a bit drained seeing so many people at once. This weekend we're relaxing.

Now that we took care of the last bit of stuff for health insurance and investments that my husband's employer needed for next year, we should have time to chat a bit more on what we want to do overall.

Typically we both have ideas on what we like to knock out and usually, we end up with 2 or 3 big goals for the year. Last year we focused on the basement renovation (1st phase done!), family trips (2 bigger and several weekend trips), and paying more towards the mortgage (upped our monthly mortgage payments).

Proud of what we did and we'd like to build on that momentum. And based on the emails and messages I got it looks like you're thinking the same thing. So today we're going over how to reach your money goals together.

In this episode we’ll get into:

  • Why people fail with their goals
  • Choosing the right goal for you
  • Setting up a system that makes it easy for you to knock out your goal

You’re ready? Let’s go!

Resources to Knocking Out Your Money Goals Together

Want to learn more? Here are some resources to check out:

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Direct download: S7E14_How_to_Win_With_Your_Money_Goals_Together.mp3
Category:personal finance -- posted at: 7:48am EST