Budgeting

Ask Shannah -What Are The Downsides To Extreme Personal Finance

I’m dedicating today’s podcast episode to an Ask Shannah question that came in a couple of weeks ago from Tabitha and Robert:

“Hey Shannah, I’m reading a lot of articles that talk about the extreme side of personal finance and I find myself falling prey to the stereotypes that I’m not succeeding in my finances unless I’m 100% debt-free and that just seems impossible to me. I read all these articles about people who are retiring by 40 and paying off massive amounts of debt, but I’m not sure that’s the vision I have for my life…please provide some insight.”

On This Podcast Episode:

The topic of extreme personal finance is one I have a lot to say about. I’m breaking down the good, the bad, and all the in-between on this episode in what I hope will be a thought-provoking discussion about the journey to be 100% debt-free.

In fact, I recently was quoted in a U.S. News & World Report article about this very topic with some other like-minded CFP® professionals who share my viewpoint and had some very insightful knowledge to add to the topic.

Shout Out To Our Podcast Sponsor:

Hosts Austin Knight and Matthew Howells-Barby take you on a journey of discovering what cryptocurrency is all about in The Decrypting Crypto Podcast. Search for ‘The Decrypting Crypto Podcast‘ in your favorite podcasting app to start listening.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

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Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Best of the Best Money Apps, Programs, Products and More

There are so many money apps and programs on the market that it’s hard to know which one is the “best.” Unfortunately, you usually have to try a few before you find the one that is going to be your money bff. Not to worry though, I’ve tried just about all of them and I’m giving you the down low on some of my favorites.

On This Podcast Episode:

I’m breaking down some of the best of the best money apps, programs, products and more. If you’re looking for some new favs, check these out.

  • Best Budgeting AppYou Need a Budget (hands-down one of my favorites)
  • Best Points Credit Card- (still) Chase Sapphire Preferred Card
  • Best Online Checking Account – I’m a fan of Aspiration. Listen to my interview with their CEO Andrei
  • Best Investing AppAcorns (they’re doing some really cool things over there at Acorns)
  • Best Way To Think About Buying a House – Have you heard of Unison? We’ve had them on a podcast episode talking about innovative ways to afford a down payment
  • Best Way To Reduce Your Credit Card Debt – (remember, you’re trying to get an unfair advantage here) Ask for a credit limit increase, ask for an annual fee to be waived and ask for a lower interest rate. Here’s a link to the Creditcards.com report with some of the statistics

Ask Shannah – big thanks to Hilary for the question about rebounding from a financial crisis

Shout Out To Our Sponsor:

Thanks To Audible for sponsoring the podcast. Audible is offering MM listeners a free audiobook with a 30-day trial membership. Just go to audible.com/mymoney and browse the unmatched selection of audio programs – download a title free and start listening. Go to audible.com/mymoney or text mymoney to 500-500 to get started today.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Have an Ask Shannah question, submit it here.

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Spookiest Financial Fears

Halloween is all about crazy costumes, sugar highs, and those awesome fall drinks to warm your soul. It’s also a time to focus on some of your spookiest financial fears in hopes that we can move them from spooky to success.

On This Podcast Episode:

  • Find out why Data Breaches are spookier than spiders according to a WalletHub survey
  • Let’s find out how much the average American spends on Halloween
  • We’ll chat about the 5 spookiest financial fears including my favorite, not “knowing your numbers”
  • Get motivated to change some financial fears into successes by the end of the year

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Are Fees Eating Your 401(k) – Chris Costello, Blooom

It’s quite possible that fees may be eating your 401(k) returns and you aren’t even aware of it. There is a lot of confusion out there about how 401(k)s even work, let alone that some funds may be costing you a bundle. If we’re going to start making smart money moves taking a look at your 401(k) and what it’s costing you is a good place to start.

 

On This Podcast Episode:

I’m chatting with a podcast guest that’s always a favorite, Chris Costello from Blooom (with three o’s). I’ve honestly never seen a company quite like Blooom and I always love when we can chat about 401(k)s. We’re covering:

  • Why fees even matter in your 401(k)
  • How you can figure out your ideal stock/bond ratio
  • Ways you can control fees – to some extent
  • Why your behavior has a lot to do with your 401(k) balance
  • How to figure out how much you’re actually paying in fees

Click here for a FREE analysis of your 401(k) with Blooom.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

 

Budget Blunders That Are Breaking your Bank Account

I know, I know. The last thing you want to talk about is the “b” word. Honestly, I can tell you that having a strong budget in place is one of the best ways to better your bank account. I’ve seen so many people achieve goals they never thought they could just by the simple act of tracking what they’re spending their money on. So, I thought it would make sense to talk budget blunders to inspire you.

Find out the common budget blunders that will break your bank account.

On This Podcast Episode:

I’m sharing some of the most common budget blunders that are breaking bank accounts right and left to prove that we’re really all more alike than we are different when it comes to this money thing. (And to inspire you to empower your own bank account).

If you’re looking for a great budgeting app, I’m a personal fan of You Need A Budget, but you don’t need anything fancy – a pen and paper can do the trick just as easy.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Budget, Couples & Money, And Life Insurance Questions

The listener questions have been piling up so I thought it would be a good time to answer four awesome questions about budgeting, couples & money and life insurance. If you have a specific question for the future – head on over to this link and drop me a question.

On This Podcast Episode:

  • Learn some tips about how to balance relationships with money
  • Find out some super good budgeting tips for all those yearly expenses
  • Discover a strategy to win with personal loans
  • Let’s chat about term life insurance and individual coverage

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial advisor prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Smart Retirement Moves In Your 20’s & 30’s

It’s hard to think about retirement when you’re just starting out in your career – but it’s absolutely the best time to be thinking about it. I personally don’t like the word retirement…I like to think about it as lifestyle savings. Whatever word you want to use, the fact of the matter is that we all need to be thinking about smart retirement moves and saving whatever we can for the day in the future when we don’t want to work anymore. When you're young there are some great things you can do to supercharge your retirement savings

On This Podcast Episode:

  • Let’s get real about our retirement savings (Here’s a great calculator to use)
  • I’ll share my own story of success and starting over with my savings
  • Learn why starting early really does make a difference
  • If you’re already saving, what else could you be doing
  • How to think about your retirement savings

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial advisor prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

Could Your Retirement Account Get Hacked

We’re all fully aware of the Equifax debacle where millions and millions of people’s information has potentially been exposed to hackers. We’ve also heard of breaches at places like Target and Sonic. Most of us aren’t thinking that our retirement and brokerage accounts are actually primed and ready for hackers – but they are – and you need to be prepared.


On This Podcast Episode:

The answer is yes – your retirement and brokerage accounts can get hacked. Reason number  3 million 52 as to why you need to stay on top of your money, at least every month, to make sure you haven’t been breached.

We’ll chat about what you need to know to keep your accounts safe and some steps you should take in case you are hacked to make sure you can get the money put back into your account…because there aren’t laws around that.

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Up Your Money Game Plan in 8 Steps

It’s that time of year again to come up with your money game plan for the rest of the year. I can hardly believe it’s back to school time and that the holidays are just around the corner. There’s no better time than now to set a money goal for yourself and craft a money game plan.

It's that time of year to take your money game plan to another level. Here are 8 steps to get you started.

On This Podcast Episode:

  • I’m diving into 8 steps to help you up your money game plan
  • Find out how long it really takes to better your budget
  • What’s one easy step you can take today
  • Set your goals and action plan for success

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive

 

Your Credit Card Is Broken – Meet Final

According to Final —  your credit card is broken and they’re here to fix it. Final is the only credit card that puts the consumer back in control of their finances by administering a new number for every merchant, enabling secure payments, eliminating fraud and providing clarity into spending habits.

If you've ever been a victim of credit card theft you know what a pain in the butt it can be to sort out. I'm talking with Aaron from Final, a company that is helping you take back control of your credit spending.

With 1% cash back on purchases and no annual fee, Final is the credit card for the tech-savvy spender who doesn’t want to hassle with changing their payment info with every vendor when a security breach occurs or a credit card gets lost.

Admittedly, I hadn’t heard about Final until I spoke with Aaron, but I think this is a really cool concept that could definitely change the way we think about credit cards – and put us, the consumers, back in control.

On This Podcast Episode:

  • I’ll chat with Final CEO and Founder, Aaron Frank, about what Final is up to
  • Learn why Final thinks your credit card is broken
  • Aaron will share a bit about the future of credit cards and security
  • Interested in Final, head to their website for more details

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

 

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

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