Life Kit: Money

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

Shay Harris-Pierre, a licensed professional counselor and certified financial therapist, dives into the intriguing world of money and relationships. She discusses how differing financial values can lead to conflicts, emphasizing the importance of open communication. Listeners learn about money scripts that shape attitudes toward finances and how recognizing these can foster empathy. Shay also offers strategies for couples to align their financial goals, making it essential for partners to explore their financial compatibility.

In this discussion with Amy Nofseger, a certified fraud examiner and director of fraud victim support at AARP, listeners learn vital tactics to fend off scams. She emphasizes that anyone can fall victim, highlighting alarming statistics on financial losses. The conversation reveals recognition techniques for scams and targeted advice for vulnerable groups, especially students. Nofseger shares practical tips for safeguarding personal information and financial monitoring, plus crucial steps for recovery if one becomes a victim.

Amelia Edelman, a journalist and avid budget traveler, shares her savvy tips for exploring the world without breaking the bank. She highlights the value of authentic experiences over flashy trips seen on social media. Amelia discusses essential budgeting strategies, like saving in advance and exploring lesser-known destinations. She also covers economical accommodation options and the importance of aligning spending with personal travel goals. With her insights, travelers can enjoy enriching adventures while maintaining financial sanity.

You want to support your loved one on their special day — but that can come with a steep financial cost. How do you choose between the three destination weddings? How do you say no to a friend's big event without damaging your relationship? In this episode, Life Kit reporter Andee Tagle breaks down the cost of being there: how much big celebrations like a bachelorette trip or baby shower might cost you and what to do if you're worried about your budget.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

As 2025 approaches, it's time to shed some poor money habits. Bid farewell to impulse purchases and overwhelming credit card debt. Discover strategies to resist lifestyle creep and make mindful spending choices. Learn how to assess unnecessary subscriptions and tackle those pesky interest charges. Negotiation skills can also transform your financial interactions. Overall, it's about breaking bad habits to pave the way for a prosperous future!

Brian Vines, Deputy Editor of Special Projects at Consumer Reports, shares his expertise on making smart purchasing decisions. He explores the pressure of marketing and how to differentiate needs from wants. Vines introduces the HALT approach to combat emotional shopping triggers and emphasizes the importance of intentionality. Listeners learn practical strategies for assessing purchases, taking into account personal finances and motivations, helping to foster intentional consumer habits and avoid buyer's remorse.