It finally happened…the Fed lowered interest rates, by a greater-than-expected half a percentage point when they met on Wednesday. This was the first time rates were cut in more than four years, and it’s expected that the Fed may continue cutting the rate at its two remaining meetings before the end of this year. We’ve heard from many of you who have been waiting to drive off the lot in a new — or new-to-you — car until rates fell. That’s why this week, we’re re-releasing one of our most popular car-buying episodes, all about buying, selling, and the surprising places where you can and can’t negotiate at the dealer. We’re joined by Scotty Reiss, founder and CEO of A Girls Guide to Cars, a website that’s empowering women to be smarter, happier car owners by arming them with car information. Don’t forget to drop me a note at mailbag@hermoney.com if you used one of Scotty’s tips when you negotiated at the dealer! Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount. Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registrationThank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney.Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A few months ago, AARP released a survey that found that one in five Americans over 50 reported having no retirement savings, and over half don’t think they'll have enough money to keep them going in retirement. While many of us used to have pension plans to keep us afloat in retirement, now the vast majority of us rely heavily on Social Security and 401(k)’s. Our system and our life expectancy are just different now…which means we need to plan differently. (And yes, this means we need to actually make a plan.) Christine Benz, author of How To Retire: 20 Lessons For A Happy, Successful, And Wealthy Retirement, shares her top strategies for planning the retirement of your dreams. Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registrationChapters:00:00 The Retirement Crisis02:00 Planning for Longer Lives04:01 The Shift in Retirement System06:50 Challenges of Retirement10:01 Cognitive Decline and Long-Term Care13:46 The Bucket Approach to Retirement22:14 How To Calculate Retirement Needs26:24 The Impact of Taxes on Retirement29:04 Non-Financial Aspects of RetirementFor the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com.Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney.Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

CDs (Certificates of Deposit) often get dismissed as "your parent's savings plan"—safe but, let's be honest, a little boring. But in today's high-interest-rate environment, they're making a strong comeback as a smart choice for short- and medium-term savings. With inflation cooling and the Fed expected to cut rates soon, these great rates won’t last forever.Joining us today is banking veteran and CEO of CD Valet, John Blizzard, to break down what CDs are, who should consider them, and whether now is the perfect time to invest.Chapters:00:00 Introduction03:14 How To Find the Best CD Rates05:21 Retail CDs vs. Broker CDs09:12 Locking in High CD Rates in a Decreasing Interest Rate Environment11:24 CDs: A Savings Option for Savvy Savers, Retirees, and Event Savers13:26 Shopping Around and Being Aware of CD Rollover Options16:24 Considering Digital Capabilities When Opening a CDHave a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com.Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney.Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this double-feature Mailbag, Jean talks to Kathryn and Audrey. Kathryn is a little over a decade from retirement and recently started a new job. In her new role, she'll be eligible to receive a pension when she retires. She's wondering if, in addition, an annuity makes sense for her. Our next call is from Audrey who’s working on rebuilding her credit after not being employed for a little while. She’s wondering if now is the right time to close the credit cards she opened up that have monthly fees. Chapters:1:00 Mailbag Question 1: Do I need an annuity?5:00 Investing and Planning for Retirement 9:00 Planning for Future Expenses 14:00 Mailbag Question 2: Is now the right time to close credit cards with monthly fees?19:00 Building up an Emergency Fund21:00 Goals for Financial Independence Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com.For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com.Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney.Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

From lip butter to Botox, people today are shelling out a lot of money on beauty products and procedures. According to The Aesthetic Society, people in the U.S. spent $11.8 billion on aesthetic procedures in 2022. When it comes to beauty products, one report from Lending Tree shows the average American spends $1,754 annually, with younger generations budgeting even more for beauty (thanks, TikTok).But do we really need to spend big bucks on beauty products and procedures to look our best? Val Monroe, the former longtime beauty director at O Magazine and writer behind the popular Substack How Not To F*ck Up Your Face, says it’s time to get back to basics. She joins us to talk about her simple skincare routine and whether you really need that new product you’re eyeing.Chapters:00:00 Introduction and the Shift in Beauty Conversations03:21 The Importance of a Simple Beauty Routine17:04 Exploring the Use of Botox and Fillers27:24 Embracing Self-Acceptance31:12 Making Informed Beauty Purchases Using the Five W's32:00 Transition to Mailbag Segment34:00 Mailbag Question 1: How much skincare do I really need? 38:00 Mailbag Question 2: What is the correct order for skincare products? 40:00 Mailbag Question 3: How long does it take to see results?Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com.Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney.Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wondered why you can't resist buying that trendy item? The secret lies in scarcity marketing, a tactic that plays on our FOMO and primal instincts. Experts discuss how different types of scarcity can drive impulsive purchases. They delve into shopping behaviors across generations, revealing insights about how social media influences spending, especially among teens. Plus, learn strategies like the '24-hour purchasing pause' to help curb those unplanned buys and make smarter financial choices.

Close your eyes for a second and step back to the 1940s. Specifically, New York City in the 1940s. You’re walking down the crowded street with a certain pep in your step because guess what? You’re headed to your favorite department store, Lord & Taylor. Department stores were not only the places where women shopped but also the places where women had power — power they did not have elsewhere at the time. Julie Satow joins us to talk about her new book: “When Women Ran Fifth Avenue: Glamour and Power at the Dawn of American Fashion,” and how women working in department stores in the early 1900s carved new paths for what it means to be a woman at work today.Chapters:00:00 Department Stores in the early 1900s 6:00 How Department Stores Empowered Women14:17 Challenges Working Women Faced23:36 Inspiration for Women Today30:00 Transition to Mailbag Segment 32:00 Mailbag Question 1: Where do I put the money my kids made this summer?37:00 Mailbag Question 2: Will closing my business credit card hurt my credit? Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com.Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Mailbag, Jean talks to Ally, a 39-year-old single woman who bought a house in 2020 when rates were low and is wondering if now is the right time to upgrade and whether or not to keep her current home as a rental property.Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com.For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com.Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jools Lebron, a TikTok creator known for her insights on workplace behavior, and Bonnie Hammer, Vice Chairman of NBC Universal, challenge the outdated norms women face at work. They discuss the pressure to tone down personality and appearance, advocating for authenticity and fun in professional settings. Bonnie dispels myths around personal and professional worth, emphasizing that empathy and collaboration should be seen as strengths. Listeners are encouraged to pursue opportunities for growth rather than get stuck chasing a single dream.

Last week, 2.9 billion records of personal data were for sale, from people in the US, Canada, and Britain, stolen from a company that does background checks called National Public Data. This data breach included the holy grail, Social Security numbers. This is just one of the thousands of data breaches that have happened so far this year and a continuation of a growing pattern. Kim Komando joins us to share the 4 simple steps you can take right now to protect your data online. Chapters:00:00 The Impact of Data Breaches02:34 How To Check if Your Data Is Part of a Breach09:42 Opting Out of Data Broker Sites13:15 Paid Services For Removing Personal Information17:36 Password Etiquette21:53 Privacy Risks of Smart Devices24:05 Key Takeaways and Staying InformedHave a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com.Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices