Life Kit: Money

Even if you use a credit card all the time, it can be difficult to understand the ins and outs of how they work. Whether you're a new credit card owner or just want to make sure you're getting the most out of your card, this episode will walk through the fundamentals of the credit card game. This episode originally published August 29, 2024.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Beth Monsell, founder of BudgetBytes.com, shares her expertise on saving money while shopping for groceries. She dives into the art of meal costing, helping listeners understand ingredient prices for budget-friendly meals. Beth offers smart cooking tips like creative substitutions and stress-free meal planning with low-cost staples. She highlights the importance of minimizing waste and suggests strategic shopping methods to avoid impulse buys. Plus, she discusses the valuable role of food banks in supporting those in need.

Lauryn Williams, a certified financial planner and Olympic gold medalist, shares her expertise on navigating finances during tariff uncertainties. She emphasizes the importance of maintaining mental well-being alongside financial health. Strategies for managing spending, establishing an emergency fund, and avoiding scams are discussed. Williams also highlights the impact of tariffs on consumer behavior and advocates for careful purchasing decisions. Join her for practical tips to stay financially secure in a volatile economy.

Molly Grace, a mortgage reporter for Business Insider, shares her expertise on navigating the complex world of home buying. She highlights how to determine if you're financially ready and the key costs to budget for. Discover the importance of home inspections and the nuances of various mortgage options. Molly also addresses the benefits and challenges of homeownership, encouraging listeners to consider their personal situations and lifestyle changes before diving in. This insightful conversation demystifies the path to owning a home.

Discover the fascinating world of bartering, where skills and services become the currency of community. Hear a personal story from an Alaskan village that highlights cultural traditions and the significance of skilled trades. Learn how modern bartering can ease budgeting woes while fostering connections, as shared through lively anecdotes and community events. Get practical tips on suggesting trades and making exchanges feel fair, nurturing both your wallet and local relationships.

Discover essential practices for financial self-care that go beyond simple budgeting. Learn how regular assessments of both your finances and mental health can relieve stress. Emphasize celebrating small wins and envisioning your personal success without financial constraints. Establish a comprehensive routine that includes checking credit reports, preparing taxes, and monitoring investments. Transform your financial health into a holistic self-care practice!

Many Americans are feeling nervous about the stock market's recent downturns. Experts advise against knee-jerk reactions like selling. Instead, they emphasize the importance of staying calm and sticking to long-term strategies. The psychological effects of financial losses can be daunting, but viewing downturns as potential opportunities can lead to growth. Establishing an emergency savings fund and managing debt are also vital for financial peace of mind. Remember, patience pays off in the world of investing.

Hana Boruchov, a tax attorney and partner at Borakov, Gabovich & Associates PC, dives into essential tax tips for the upcoming 2025 season. She discusses whether to hire an accountant or utilize software, stressing the importance of professional help for freelancers. The episode also covers how to manage tax debt and options if you can't pay your bill. Additionally, Hana provides insights on filing taxes as a remote worker and shares what to consider when choosing a tax professional.

Klarna, Afterpay, Affirm — maybe you've noticed these platforms when shopping online. They allow you to break up large payments into smaller installments that you can pay over time, and are a popular alternative to credit cards. In this episode, we'll cover the pros and cons of these loans and how to use them responsibly.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

How financially compatible are you with your partner? Is your partner a spender while you're a saver? Are you on the same page about saving for retirement? Financial therapist Shay Harris-Pierre explains how couples can examine their spending habits, work through money conflicts and align their financial goals.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy