NerdWallet's Smart Money Podcast

In this engaging discussion, Anna Helhoski, a NerdWallet news writer, and credit card expert Melissa Lambarena provide keen insights into the current economic landscape. They analyze how new U.S. tariffs might inflate everyday goods and car prices. From the latest job reports to inflation trends, they illuminate the broader economic implications. Melissa also explores whether high-fee premium credit cards are worthwhile, offering strategies on downgrading or keeping them, as well as understanding the impact on credit scores.

A listener navigates his new high-paying job, contemplating the best strategies for managing his Roth IRA and savings accounts. The hosts tackle whether a Roth IRA can function like a savings account while prioritizing savings, debt, and retirement. They also examine the risks associated with Buy Now, Pay Later loans and emphasize the importance of informed financial decisions. Listeners learn to balance multiple savings goals and optimize their finances, avoiding analysis paralysis in the process.

In this engaging discussion, Rohit Chopra, former director of the Consumer Financial Protection Bureau, sheds light on how medical debt impacts credit scores and the recent legal changes affecting borrowers. He emphasizes the importance of consumer protection and shares practical tips for managing medical debt. Later, housing expert Kate Wood discusses smart saving strategies for first-time homebuyers, debunking the 20% down payment myth and highlighting the necessity of understanding closing costs and down payment assistance programs. Get ready to rethink your financial approach!

Scramble Hughes, a talented circus performer and acrobat, shares a gripping tale of identity theft involving credit card fraud. Listeners learn vital strategies for recognizing scams and responding swiftly to protect their finances. The discussion extends to comparing robo-advisors to traditional brokerage accounts, exploring the associated risks and protections. Insights about choosing the right investment platform and the importance of emotional resilience during financial mishaps make this an engaging and informative listen.

In this discussion, Kate Wood, NerdWallet's home expert, shares valuable insights on the fluctuating housing market. She reveals whether now is a smart time to buy property or if waiting may yield better results. The conversation dives into rising mortgage rates and the shifting landscape of U.S. cities. Additionally, tips abound for empowering teens to build responsible credit habits. Strategies for transitioning from student life to financial independence and encouraging long-term wealth are explored, making this a must-listen for savvy parents.

In this engaging discussion, Sam Taube, an Investing Nerd at NerdWallet, shares his insights on savings bonds and investment strategies. He breaks down different types of bonds, including Series EE and I Bonds, and highlights their tax implications. The talk also explores whether these bonds are worthwhile for long-term investments, particularly for children's education. Additionally, the hosts offer valuable tips on budgeting for group travel, emphasizing communication and financial boundaries to create memorable experiences.

Anna Helhoski, a senior news writer, delves into the implications of a major budget bill on taxes, detailing changes like new car loan deductions and clean energy credit rollbacks. She also discusses how these shifts may impact future tax strategies. Personal finance expert Kate Ashford then offers advice on managing finances while on disability, covering key topics like SSDI vs. SSI, saving strategies, and the emotional aspects of financial transitions. Essential insights for adapting to life’s changes and navigating financial challenges abound!

In this episode, financial expert Taylor Schulte, CFP and CEO of Define Financial, shares insights on achieving a 'work optional' retirement. He explains how to transfer Roth IRA funds penalty-free using the 60-day rollover rule while minimizing market risks. The conversation also covers essential budgeting strategies for present enjoyment versus future savings and evaluates various custodians for managing investments. Schulte emphasizes the importance of disability insurance and tailored financial plans, helping listeners navigate their financial journeys effectively.

Joining the discussion are Alana Benson, an Investing Nerd at NerdWallet, and Jackie Veling, a personal loans writer and BNPL authority. They dive into the nitty-gritty of Buy Now, Pay Later services, exploring how these options can impact credit scores. The conversation shifts to managing unexpected wealth, specifically a $124,000 inheritance, with tips on balancing investments, debt, and enjoying life. Listeners learn about the importance of understanding investment fees and selecting the right accounts for their financial goals.

Learn how to approach Amazon Prime day without blowing your budget and hear how you can start to understand the emotions that might be driving your spending.  What are the best ways to take advantage of big sales like Amazon Prime Day but still stay on track with your budget? How can you get a handle on emotional spending and the guilt that comes with it? Hosts Sean Pyles and Elizabeth Ayoola dive into how to approach your budget, whether it’s while gearing up for a sale or just in your everyday life. Joined by Jamil Ghani, the Vice President of Amazon Prime, they begin with a discussion of what to expect during Prime Day this year, and how to get the most out of the event, including info about invite-only deals and how AI-powered tools can help you find what you need.  Then, Sean and Elizabeth are joined by listener Catherine, who has questions about getting a handle on her emotional spending tendencies. They discuss what triggers emotional spending and how to recognize patterns of behavior. Plus, they explain different budgeting methods to help bring structure to your spending while still giving you the freedom to treat yourself without feeling guilty.  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header  The free NerdWallet app makes it easy to be smarter with your finances because you can track, save and invest your money in one place: https://click.nerdwallet.com/3687710914/smpc In their conversation, the Nerds discuss: Amazon Prime Day 2025, Prime Day shopping tips, best Prime Day deals, Amazon AI shopping tools, Prime Day electronics discounts, Amazon invite-only deals, emotional spending help, budgeting for couples, 50 30 20 budget rule, NerdWallet Smart Money podcast, money guilt solutions, budgeting apps free, impulse spending solutions, coping with financial stress, Amazon savings for students, Prime Day household deals, CamelCamelCamel price tracker, how to stop emotional shopping, financial planning tips, budgeting without a system, money values journaling, Amazon Prime VP interview, Amazon shopping hacks, setting a shopping budget, NerdWallet budgeting advice, Smart Money money questions, financial therapy alternatives, personal finance podcast, how to prioritize spending, budgeting for grad school. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices