Saving

You Spent Money On What

I’ve heard some crazy stories about the most ridiculous things that people have spent money on over the last 11 years. Everything from expensive snake charmers that doubled as a fortune teller, to stories of selling everything and moving abroad only to find out that the future spouse that was promised was not indeed the person on the app. Sometimes spending money on something you want is about more than just dollars and cents – and that’s ok.

Sometimes money advice is about more than dollars and cents.

On This Podcast Episode:

Traditional finance theory will tell you that you must follow certain rules to be smart financially. While those certainly do hold true, I argue that we all need room to break the rules from time to time. In this perfection society, it’s time to figure out how to live your life and be smart financially, because they aren’t mutually exclusive.

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.

 

 

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.

 

 

Are Robo-Advisors Overrated

Robo-advisors are a fast-growing trend, with some experts predicting they’ll manage 10% of all global assets under management by 2020. The investment platforms allow users to manage their portfolios through computerized algorithms rather than consulting a personal advisor and are popular with younger, tech-savvy millennials. But, are robo-advisors overrated, or are they really the next best thing?

On This Podcast Episode:

I had a chance to chat with Steve Williams, Senior Vice President and Head of Financial Planning in the U.S. with BMO Private Bank, about his thoughts on robo-advisors. I wanted to find out some of the pros and cons for robo-advisors and what new millennial investors should be thinking about.

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.

 

 

6 Ways To Simply Save More

So you want to know how to save more money, do you? It’s probably the #1 question I get asked all the time and I wish I could tell you that it’s more complicated than it is. To save more money you’ve either got to a) make more, b) spend less. Since you can’t always control making more money, let’s focus on the spending less bit (without having to give up the fun stuff you like to do.

You don't need a secret decoder ring to figure out how to save money. You just need to know a few tricks to propel your savings.

On This Podcast Episode:

  • Why saving more money might be as easy as looking at your bank account
  • Throw out your boring savings accounts and give them fun names to inspire you
  • Dip your toes into negotiating some of your recurring bills each month
  • Use your own credit to better your credit
  • and many more saving tips

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.

 

 

Best Credit Cards For Every Situation

 

If credit card debt has you stressed and frustrated you’re not alone. Some 171 million Americans have more than one credit card and many have some sort of debt on that card. However, there are so many benefits and perks when it comes to credit cards these days that if you figure out how to win at the “credit card game” you can take all the good and throw out all the bad.

Figure out how to win at the credit card game with all the perks in your pocket.

Top Rewards Credit Card:

I’m a huge fan of the Chase Sapphire Preferred Plus and Chase Sapphire Reserve cards. Both cards do have an annual fee (the Reserve card with a whopping $450 annual fee) but the rewards on both cards are fabulous. Using the Chase Rewards center you can book flights at a 25% point reduction – which goes a long way.

  • Three points for every $1 you spend on travel and dining out
  • One point for every $1 you spend on everything else
  • $300 annual travel credit
  • Access to 900 plus airport lounges
  • Free rental car insurance
  • $100 credit for TSA PreCheck or Global Entry
  • Sign up bonus of 50,000 points if you spend $4,000 in 3 months

Top Airline Credit Card:

If you fly American, one of the best is the Citi AAdvantage Select World Elite Mastercard. I’m a personal fan of this card myself. Yes, there is an annual fee, but you save on bags for yourself and 3 friends when you travel each time. That means more money back in your pocket and helps make travel a bit more budget friendly.

If you fly other airlines be sure to check out their credit card – when it comes to airline cards – you want to use the card that matches up with your frequent air travel.

Top Credit Card For Shopping:

Who doesn’t order almost everything on Amazon these days? Soon we’ll be having our burgers and fries from Shake Shack delivered via Amazon (can’t wait for that). Amazon also, of course, has a solid credit card to help you earn cash back on all your shopping. The Amazon Prime Rewards Visa comes with $0 annual fee (but you must sign up for Amazon Prime at $99 a year –but you get free 2-day shipping in exchange). No biggie again if you’re shopping all the time. You earn:

  • $70 Amazon  gift card for new cardholders
  • 5% cash back on Amazon.com purchases
  • 2% cash back on purchases at restaurants, gas stations, and drugstores
  • 1% cash back on your charges for everywhere else

Top Credit Card for Students:

The Capital One Journey Student Credit Card earns the top marks in this category that still offers 1% cash back on all purchases and you can get a boost to 1.25% if you simply pay your bills on time – easy. This card has no annual fee but a high APR, so make sure you pay your bill in full each month. Once you make five months of on-time payments Capital One will offer you a higher limit so you can continue to boost your credit score.

Top Cash Back Credit Card:

Who doesn’t love a little extra cash in their pocket? The Citi Double Cash Card has been on the top of the cash back credit card list for a few years now and I understand why. It comes with no annual fee and you can earn points without any restriction – two points for every $1 you spent and paid off. Think of it as a little motivation to pay your bill in full each month.

Other Favorites:

Best Hotel Card – Starwood Preferred Guest Credit Card from American Express

Best Card for Biz Owners – Capital One Spark Cash Select

Best Balance Transfer Card – BankAmericard

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.

This Week In Money News

Some weeks are better than others and this week was full of money news. Everything from the Equifax breach to the new iPhone to the news that it’s actually harder for millennials to save money than any other generation.

On This Podcast Episode:

Let’s talk money news this week…because it’s been a doozie of a week.

  • The latest with the great Equifax breach
  • Having second thoughts about the new iPhone
  • Why saving money for millennials is harder than avocado toast
  • A quick way to see how much you should have invested in stocks
  • What your Starbucks order reveals about how you spend money

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.

 

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!

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

 

The Financial Stress Balancing Act – Chantel Bonneau

According to Northwestern Mutual’s 2017 Planning & Progress Study, the pressure of trying to meet competing financial and lifestyle priorities appears to be making Millennials significantly more professionally and financially anxious than other age groups.

More than half (53%) of Millennials experience high to moderate anxiety about losing their job. And the financial stress Millennials are feeling is having a pronounced impact on their health, careers and social lives.

So what are the solutions to balance financial stress?

On This Podcast Episode:

I’m chatting with Wealth Management Advisor and CFP®, Chantel Bonneau, about the findings of this study and the trends she’s seeing with millennial clients.

We’re discussing tips to deal with financial stress, the unique factors that are keeping millennials from saving, and some of the more positive findings that might surprise you about millennials and money.

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.

 

 

 

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