NerdWallet's Smart Money Podcast

Are credit card rewards points more valuable than cash back? This special presentation of All the Hacks with Chris Hutchins features deep dive into credit cards, with a focus on cash back versus points. Chris goes deep on strategies for every spending category and shares his analysis of how to optimize points vs. cash back for the best return on investment. All the Hacks with Chris Hutchins is a podcast about optimizing all aspects of your life, from travel to money to health to work and more. Chris is a life hacker who has saved millions by breaking down every aspect of life. And on his show, he teaches you all the tactics, tricks and tips you need to upgrade your life, money, and even travel. Get more financial ideas by listening to All the Hacks with Chris Hutchins wherever you get your podcasts. Learn more about all the Hacks with Chris Hutchins: https://www.allthehacks.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Brittney Reynolds explains how sharing her finances publicly on social media helped her get out of debt and develop a new community. What are the benefits of sharing your finances publicly? How is social media changing the way people talk about money? Hosts Sean Pyles and Elizabeth Ayoola discuss the rise of financial transparency on social media and its impact on community building to help you understand the power of vulnerability in achieving financial freedom. Sean speaks with Brittney Reynolds, who candidly shared her journey of getting out of debt to her audience on TikTok, where she currently has more than 90,000 followers. They discuss the trend of people publicly sharing their financial journeys on social media platforms like TikTok, with tips and tricks on reducing debt shame, fostering supportive online communities, and navigating the pressures of content creation post-debt payoff. They also discuss the sense of class solidarity that comes from such vulnerability and how the online community champions transparency and authenticity in the pursuit of managing money. In their conversation, the Nerds discuss: personal finance, social media, financial freedom, credit card debt, debt repayment, community building, financial transparency, financial journey, money management, budgeting, saving money, debt payoff, financial struggles, credit card interest, financial openness, class solidarity, online communities, digital storytelling, financial shame, managing money, debt-free, personal finances, financial exposure, brand deals, influencer marketing, savings goals, money taboos, social media influence, money secrecy, financial vulnerability, financial authenticity, and financial solidarity. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Writer, producer, and actor Felicia Day shares her financial journey working in Hollywood, with tips for managing your budget when gigs are inconsistent. What Is Your Time Worth? How do you value your time outside of work? How can you manage finances in an unpredictable career like acting? Hosts Sean Pyles and Sara Rathner discuss the concept of time valuation to help you understand how to balance personal worth against income. They begin with a discussion of time valuation, offering insights on the average hourly value people place on their time, the impact of this valuation on life decisions and assessing the value of unpaid personal tasks. 06:10 Interview with Felicia Day Sean speaks with Felicia Day about the financial strategies she employed to maintain an unstable career in Hollywood. They tackle topics such as frugal habits, the significance of diversifying one's portfolio for career longevity and aligning creative passions with financial stability. Plus: How to understand the financial education that you may have received even without having ever been given a formal financial education. In their conversation, the Nerds discuss: Hollywood finances, managing finances, acting career, freelancing lifestyle, financial strategies, financial acumen, Hollywood journey, value of time, budgeting tactics, work-life balance, career growth, financial stability, creative careers, personal well-being, professional satisfaction, financial security, generational differences, personal time investment, freelancing finances, unstable careers, diversifying skills, frugality, budgeting skills, theoretical mathematics, content creation, business acumen, media industry, creative fulfillment, career shifts, entrepreneurial leaps, work-life harmony, managing a budget, career resilience, and skills diversification. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how the recent Supreme Court ruling on the Consumer Financial Protection Bureau (CFPB) affects your finances. How does the CFPB protect consumers? Why does the recent CFPB court decision matter? Hosts Sean Pyles and Anna Helhoski discuss the recent Supreme Court decision that upheld the CFPB’s funding structure, explaining its significance and what it means for consumer protections. They also explain the history and function of the CFPB, including its role in consumer finances, and provide actionable insights on how you can leverage its resources to resolve financial issues, including how to file a complaint with the CFPB. Plus: the broader implications of the Supreme Court ruling for other federal agencies. Then, Sean and Anna cover the latest money headlines, including the Dow Jones hitting 40,000 for the first time, the current state of gas prices ahead of Memorial Day weekend, and new pricing transparency laws for cruises. In their conversation, the Nerds discuss: CFPB Supreme Court ruling, payday loans, financial regulation, consumer rights, financial protection, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, credit card regulations, overdraft fees, Federal Reserve funding, mortgage complaints, student loan complaints, CFPB investigations, consumer complaints, financial watchdog, financial industry regulation, CFPB funding, payday lending rule, consumer finance, financial laws, debt relief, financial accountability, credit card late fees, mortgage protection, loan regulations, financial crisis response, banking regulations, consumer advocacy, credit card complaints, loan complaints, financial enforcement, financial industry oversight, and consumer protection laws. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Krazy Coupon Lady” Joanie Demer shares couponing tactics and how coupons work to help you outsmart rising costs even in today’s digital marketplaces. How can you use coupons to help you afford everyday essentials? Are digital deals and loyalty programs the same as using coupons? Hosts Sean Pyles and Elizabeth Ayoola discuss the thrill of couponing and the evolution of coupon strategies to help you understand how to combat rising living costs effectively. Joanie Demer, one half of the duo known as the Krazy Coupon Ladies, joins Sean to share the basics of couponing, with tips and tricks on buying in bulk for long-term savings, the continued relevance of coupon circulars and the shift from paper to digital couponing. They discuss leveraging rebate apps like Ibotta and Fetch Rewards, the potential of store loyalty programs, and how a hypothetical future “universal barcode” would change coupon use. Plus: insights on coupon accessibility, the latest legislative attention to couponing practices and how to overcome the challenge of incorporating new habits into an already busy life. In their conversation, the Nerds discuss: extreme couponing, couponing strategies, how to save money, digital coupons, budgeting tips, grocery savings, savvy shopping, thrifty living, deal hunting, budget-friendly shopping, how coupons work, discount codes, shopping deals, store loyalty programs, frugal shopping, coupon apps, maximizing savings, money-saving tips, inflationary pressures, coupon accessibility, coupon skepticism, coupon circulars, buying in bulk, universal barcode, manufacturer discounts, coupon stacking, and brand loyalty. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how the strength of the US dollar impacts your finances, as well as its ramifications on the US and global economies. What does it mean to have a strong dollar? Who benefits the most from a strong US dollar? Hosts Sean Pyles and Anna Helhoski delve into the implications of a strong dollar on both domestic and global economies. They interview Cris deRitis, deputy chief economist at Moody’s Analytics, to demystify what a strong dollar means beyond its impact on travelers, along with what will happen if the dollar continues to become stronger. Then, Sean and Anna explore recent headlines, including major airlines’ resistance to transparent fee disclosures and record-breaking travel projections for Memorial Day weekend. They also discuss consumer discontent with credit card rewards programs, shedding light on hidden fees and devalued rewards. In their conversation, the Nerds discuss: strong dollar, airline fees, credit card rewards, money news, global economy, domestic economy, travel impact, economic insights, airline transparency, travel fees, currency strength, dollar value, monetary policy, Federal Reserve, travel tips, consumer finance, economy analysis, finance trends, airline industry, vacation planning, personal finance, currency valuation, money management, economic stability, international travel, financial headlines, economic updates, financial education, and economic trends. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to build a financial safety net to conserve your wealth and the ins and outs of investing in index funds. How can you build financial resilience to protect yourself from life's economic curveballs? How do index funds work, and what should you consider when choosing one? Hosts Sean Pyles and Sara Rathner discuss how you can use elements of financial planning to minimize risk exposure. They offer tips and tricks for financial risk mitigation, including the importance of establishing an emergency fund, understanding the value of disability insurance, and the sometimes overlooked role of community support. Then, investing writer Alieza Durana joins Sean and Sara to help answer a listener’s question about how to choose different types of index funds. They explain different fund management styles, how to evaluate expense ratios and investment returns, and considerations for choosing the right index fund based on individual financial goals and risk tolerance. In their conversation, the Nerds discuss: emergency funds, index funds, financial planning, insurance, investment strategies, expense ratios, disability insurance, economic crises, financial resilience, ETFs, mutual funds, financial goals, risk management, strategic financial planning, investing in index funds, investment decisions, emergency savings, income protection, financial stability, community support, financial safety net, safeguarding income, investment vehicles, financial savvy, asset allocation, investment returns, market performance, tax efficiency, investment minimums, financial well-being, financial risks, sector focus, financial education, retirement savings, economic recovery, cost management, investment objectives, and investment growth. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how you could turn your collectibles and passions into an actual business and stay ahead of market trends. How hard is it to make money from collectibles? What kinds of things typically become collectible? Hosts Sean Pyles and Elizabeth Ayoola discuss the unconventional method of selling collectibles to earn income to help you understand how your passions could yield financial gain. Sean speaks with Tyler Feldman, the Founder and CEO of Inscriptagraphs, a sports and entertainment memorabilia company, about the significance of researching market trends, leveraging platforms like eBay for sales, tips for staying ahead of market trends and how to find a balance between passion and practicality in the business of collecting. In their conversation, the Nerds discuss: collectibles, memorabilia, monetizing collectibles, sports memorabilia, Inscriptographs, autographed memorabilia, Carrie Fisher movie scripts, Lady Gaga Oreos, baseball cards, comic books, vinyl records, childhood fascinations, nostalgia, financial success, Barbie dolls, entrepreneurial stories, memorabilia trading, autographs, the collectible market, investment in collectibles, trading cards, memorabilia value, nostalgia and memorabilia, unique collectibles, profitable collectibles, memorabilia industry, collecting tips, financial management, unconventional investments, making money from collectibles, Pokémon cards, eBay selling, collectible trends, autograph collecting, Mike Tyson memorabilia, and the sports collectibles market. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore key insights into the current real estate market as the Nerds unpack the results of the 2024 Home Buyer Report. Should you rent or own your home? Hosts Sean Pyles and Anna Helhoski explore the financial and lifestyle implications of each choice, drawing insights from a recent NerdWallet survey and a firsthand account from fellow Nerd Elizabeth Renter, who transitioned from homeownership to renting. From rising home prices and mortgage rates to the hidden costs of homeownership, this episode uncovers the reasons why renting might be a less stressful option in today’s market. Listeners will gain a deeper understanding of the nuanced considerations involved in deciding between renting and owning, along with actionable advice for managing the financial impact of each choice. Later in the episode, Sean and Anna discuss the latest money headlines, including insights into April’s job numbers, updates on Social Security’s financial outlook, and an intriguing ballot measure in California aimed at improving financial literacy through high school education. In their conversation, the Nerds discuss: renting vs owning, homeownership, renting, home buying, money headlines, real estate market, property ownership, rental costs, home prices, mortgage rates, renting benefits, homeownership advantages, rental market trends, buying a house, renting tips, home affordability, renter demographics, owning a home, renting statistics, property investments, housing market analysis, cost of homeownership, real estate investments, renting lifestyle, home equity, home maintenance, property taxes, renting flexibility, housing affordability, home value appreciation, rental market data, homeownership myths, rental agreements, home repairs, mortgage affordability, housing expenses, rental income, and home ownership challenges. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Explore car buying in 2024, from Carvana's process to the electric vehicle surge and how to maximize your car's sale value. Budgets Beyond the Numbers: How do you manage the emotional aspects of budgeting? What’s the car buying market like in 2024? Hosts Sean Pyles and Elizabeth Ayoola discuss personal budgeting and the future of car buying to help you understand how to navigate financial decisions with confidence. They begin with a discussion of budgeting “beyond the numbers,” with tips and tricks on categorizing expenses into their emotional impacts to make budgeting feel more personal. Today’s Money Question: Is Carvana a good service? Should you buy an electric vehicle if you’re in the market for a new car? NerdWallet autos writer Shannon Bradley joins hosts Sean Pyles and Sara Rathner to delve deeper into the future of car purchases and the electric vehicle revolution. They explore the evolution of electric vehicles, the current state of the car market for both buyers and sellers, and strategies to get the best deal when selling your vehicle. The conversation aims to provide insights on choosing the right time to buy an electric car, understanding the market dynamics, and ensuring a smooth car selling experience. Check out this episode on your favorite podcast platform, including: Apple Podcasts Spotify NerdWallet stories related to this episode: Car-Buying Services: What To Know How to Buy a Used Car 7 Electric Vehicles That Cost Less Than $40,000 Have a money question? Text or call us at 901-730-6373. Or you can email us at [email protected]. To hear previous episodes, go to the podcast homepage. Learn more about your ad choices. Visit megaphone.fm/adchoices

A personal finance enthusiast with 37 active credit cards shares tips to strategically open and maintain multiple cards to travel cheaply and answers common questions around maximizing rewards. How many credit cards can you have at the same time? What can credit card points and miles help you afford? Hosts Sean Pyles and Elizabeth Ayoola discuss quirky money management techniques and the mastery of credit card rewards to help you understand how to make your money go farther. They begin with a discussion of unusual financial behaviors, with tips and tricks on juggling multiple bank accounts, managing a diverse collection of credit cards and the impact of such practices on credit scores. Then, credit card point expert Erin Hurd joins Sean to discuss the art of optimizing credit card usage for travel rewards. She shares her experience having 37 active credit cards and shares tips for managing an extensive credit card portfolio. They also discuss her strategy for selecting cards for maximum rewards, the financial discipline needed to prevent overspending, how to maintain a healthy credit score while pursuing travel dreams and the right way to close accounts while preserving credit history. In their conversation, the Nerds discuss: credit card rewards, personal finance, credit score, credit card points, credit card management, travel rewards, financial habits, saving money, credit card collection, credit card debt, credit card usage, smart spending, quirky money management, financial discipline, credit card strategy, reward collecting, credit card benefits, credit card offers, credit card terms, credit card issuer guidelines, credit card signup bonuses, credit card perks, managing multiple credit cards, credit card autopay, credit card due dates, credit card annual fees, digital wallets, travel credit cards, credit card interest, credit card history, credit card closure, and credit card payments. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Enjoy this special presentation of Everyone’s Talkin’ Money, a podcast from our friend Shannah Game, a money wellness expert, financial therapist and Certified Financial Planner. Shannah brings you honest, relevant, and forward-thinking conversations about money. This special episode explores how a simple question can unlock secrets to a wealthier life and transform your relationship with money. Say goodbye to complexity and hello to financial mastery as we break down the seven critical areas where curiosity can lead to substantial savings. Get more great tips from Shannah by listening to of Everyone’s Talkin’ Money wherever you get your podcasts. Learn more about Everyone's Talkin' Money: https://everyonestalkinmoney.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn about fundamentals to consider before buying an individual stock and what to do if you over-contribute to a Roth IRA. 00:58 This Week in Your Money: What fundamentals should you consider before buying an individual stock? What should you do if you accidentally over-contribute to a Roth IRA? Hosts Sean Pyles and Elizabeth Ayoola discuss cautionary tales from the stock market to help you understand how to safeguard your investments. They begin with a discussion of Trump Media & Technology Group Corp (NASDAQ: DJT) and evaluate its performance since going public, then share tips and tricks on the importance of fundamental analysis, the risks of meme stock frenzy, and the value of diversification. 09:21 Today’s Money Question: Investing writer June Sham and host Sara Rathner join Sean to answer a listener’s question about Roth IRA contribution limits. They offer a detailed breakdown of Roth IRA contribution limits, strategies for dealing with over-contributions, and ways to circumvent the 6% penalty tax. In their conversation, the Nerds discuss: stock market, Roth IRA, investment strategies, Roth IRA contributions, portfolio diversification, meme stocks, DJT, fundamental analysis, Trump Media, personal finance, retirement planning, stock trading, financial guidance, investing insights, stock values, market forces, retirement contributions, penalty tax, excess contributions, income thresholds, traditional IRA, financial decisions, investing pitfalls, stock bets, smart investing, retirement accounts, tax-efficient savings, share values, individual stocks, stock performance, and avoid IRS penalties. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how scammers deceive victims by using AI for voice cloning and learn how you can protect yourself from other AI-related fraud. How can you protect yourself from AI-driven scams that target your finances? What new scams are happening as technology advances? Hosts Sean Pyles and Sara Rathner discuss the alarming use of AI in scams and the future of fraud to help you understand how to safeguard your personal security. They begin with a discussion of AI-driven voice scams, with tips and tricks on recognizing potential fraud, staying informed about scam tactics, and the importance of open discussion to empower against scammer tactics. Then, scam expert Bob Sullivan, author of “Stop Getting Ripped Off” and host of the podcast The Perfect Scam, joins Sean to discuss the broader implications of AI technology in scams. They discuss the potential for AI to personalize phishing attacks, the ease of creating convincing fake audio and the importance of skepticism in the face of unexpected calls. Plus, the need for technology companies to embed safeguards, the role of societal learning in approaching unexpected calls and the importance of verifying any financial requests you receive. In their conversation, the Nerds discuss: AI scams, voice cloning, digital deception, phishing attacks, personal security, scam victims, artificial intelligence, fraud prevention, identity theft, technology-assisted scams, voice cloning technology, psychological impact of scams, safeguarding against scams, AI voice scam, digital defenses, personalized fraud, ethical technology, data privacy, scam awareness, voice replication, modern scams, voice imitation fraud, AI in criminal activities, big data and scams, combating scams, generative AI, scam prevention strategies, emotional toll of scams, technology and fraud, future of phishing, online vulnerabilities, deepfake technology, AI-enhanced phishing, scam resilience, scam reporting, technology safeguards, and scam detection. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how investors use artificial intelligence to make decisions. Plus: AI’s current capabilities and limitations in finance. How does AI affect investment decisions? What are AI’s limitations in finance? Hosts Sean Pyles and Anna Helhoski explore these questions and more with Sam Taube, an investing writer at NerdWallet, who shares insights on AI's role in investment research and stock selection. They break down the potential of AI-powered ETFs and mutual funds, including their performance trends and considerations for investors. They also discuss AI’s current capabilities and limitations in investing, how AI can streamline your investment research process when used correctly, and why caution and human oversight remain essential. In their conversation, the Nerds discuss: artificial intelligence investing, AI in finance, investing with AI, AI-powered funds, AI investment research, AI stock selection, limitations of AI in finance, AI and financial decisions, using AI for investing, AI in mutual funds, AI in ETFs, AI in the stock market, AI for investment analysis, AI and investment strategies, benefits of AI in investing, AI in financial services, AI in wealth management, AI and investment performance, risks of AI in investing, AI and market predictions, AI for portfolio management, AI and stock picking, AI investment tools, impact of AI on finance, AI for financial advisors, future of AI in investing, AI and asset management, AI and robo-advisors, AI and hedge funds, AI for investment recommendations, challenges of AI in finance, AI and investment banking, AI in retirement planning, AI for financial decision-making, AI in trading, AI for risk management, AI and wealth advisors, AI and investment analysis tools To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover methods to achieve financial harmony in relationships and learn why fiduciary advisors are often considered trustworthy. 0:52 Sara’s Corner: How can couples equitably share the mental load of managing finances? Can you trust fiduciary financial advisors? Hosts Sean Pyles and Sara Rathner begin with a discussion about the division of financial responsibilities among couples to help you understand how to create financial harmony in your relationship. 12:18 Today’s Money Question: Elizabeth Ayoola joins Sean to explain how you can choose a financial professional to work with, starting with an in-depth look at different types of fiduciaries including Certified Financial Planners (CFPs), financial coaches, and financial therapists. They discuss the nuances of fiduciary compensation structures and explain how you can advocate for yourself when selecting a financial advisor to work with. In their conversation, the Nerds discuss: financial planning, financial advisors, fiduciary, relationships and money, financial harmony, money management for couples, certified financial planners, financial literacy, financial responsibility, equal money responsibilities, financial trust, financial wellbeing, harmonious money management, shared financial responsibilities, financial abuse, emotional labor and finances, mental load of finances, managing finances as a couple, money questions, financial decisions, financial therapy, couples finances, navigating financial advisors, fiduciary trust, financial planning for couples, and financial responsibility in relationships. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to spot and avoid online scams, including imposter scams, investment scams, phishing, vishing and smishing. How can you protect yourself from financial scams? What steps should you take if you fall victim to one of these schemes? Hosts Sean Pyles and Sara Rathner discuss the pressing issue of online frauds and strategies for safeguarding personal finances to help you avoid falling prey to digital tricksters. They begin with a discussion of recognizing and avoiding various scams, with tips and tricks on spotting urgent money demands, identifying false emergencies and being wary of too-good-to-be-true investment opportunities. Then, Lisa Schifferle from the Consumer Financial Protection Bureau joins Sean to discuss the alarming scale of scamming in America. They discuss the importance of sharing scam experiences, recognizing payment method red flags and the necessity of being vigilant with personal information. They offer insights into the dangers of unsolicited communications, sophisticated scamming operations, and essential steps for recourse if you've been scammed. In their conversation, the Nerds discuss: online scams, cryptocurrency scams, identity theft, fraud protection, internet safety, cyber fraud, financial predators, digital deception, romance scams, phishing scams, vishing, smishing, pig butchering scams, safeguarding finances, tech support scams, scam awareness, investment scams, recouping lost funds, scam red flags, Consumer Sentinel, scam complaints, social media scams, wire transfer fraud, gift card scams, scam prevention, sharing scam stories, urgent message scam, fake family emergencies, financial loss, scam targets, elder scams, digital cons, and technology scams. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn why homeowners insurance costs are rising, tactics to find affordable coverage, and how to know if you have enough. Why are homeowners insurance costs rising? How can you tell if you have enough insurance? Hosts Sean Pyles and Anna Helhoski delve into the factors behind rising home insurance premiums, from climate change-induced disasters to inflation’s impact on repair costs. They’re joined by Caitlin Constantine, an insurance editor at NerdWallet, who breaks down the details. She shares actionable strategies for finding affordable coverage and navigating insurance challenges; insights into how to safeguard your home and budget; and tips for negotiating insurance rates and making informed decisions. Whether you’re a homeowner or renter, this episode provides insights into how to better manage insurance costs and understand the evolving risks of climate-driven financial challenges. In their conversation, the Nerds discuss: homeowners insurance, rising premiums, insurance costs, climate change impact, home insurance rates, uninsured homeowners, insurance affordability, property protection, natural disasters, insurance coverage, cost of insurance, insurance trends, home insurance quotes, insurance inflation, insurance migration, home insurance policies, insurance challenges, home insurance tips, affordable insurance options, insurance availability, flood insurance, insurance shopping, insurance market trends, insurance industry, home insurance market, disaster insurance, car insurance, homeowners coverage, insurance premium factors, home insurance insights, and climate-related insurance costs. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to control your behavioral economics biases and whether it’s ever worth it to use a credit repair service. 00:58 Behavioral Economics Biases: How can you master the psychology behind your financial decisions? Are credit repair services really worth the investment? Hosts Sean Pyles and Sara Rathner discuss behavioral finance biases to help you understand the psychological factors that influence your financial choices, including loss aversion, framing, and the gambler’s fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances. They share tips and tricks on matching investments with your time frame and risk tolerance, resisting the influence of framing on your choices, and avoiding frequent checks on market fluctuations. 10:14 Today’s Money Question: NerdWallet credit writer Amanda Barroso joins Sean and Sara to answer a listener’s question about credit repair services. They explain the purpose and costs of credit repair services, the red flags that indicate a scam, and how you can manage your credit yourself effectively for free. They also tackle the pressing question of whether credit repair services can actually improve your credit score. Their conversation explains strategies for DIY credit repair, the importance of identifying and disputing inaccuracies on credit reports, and the role of credit counseling agencies for personalized financial planning. In their conversation, the Nerds discuss: financial psychology, credit repair services, behavioral finance, credit score, credit health, financial decisions, investment strategies, credit bureaus, credit report, risk tolerance, financial goals, money management, credit repair companies, credit repair scams, Daniel Kahneman, loss aversion, credit improvement, credit counseling, credit repair costs, DIY credit repair, financial biases, credit repair tips, financial success, wealth management, behavioral biases, credit report disputes, credit repair agencies, framing effect, credit utilization, portfolio performance, negative information credit, financial planning, and managing credit. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore how to protect yourself from identity fraud, understand its emotional toll and learn fraud recovery steps. How can you protect yourself from identity theft and fraud? What steps should you take if you become a victim of financial fraud? Hosts Sean Pyles and Sara Rathner delve into the unsettling world of identity theft and fraud prevention to help listeners safeguard their finances and wellbeing. They begin with a discussion on the various facets of identity theft, with tips and tricks on identifying fraudulent activity, enhancing personal banking security and dealing with the aftermath of having your identity compromised. Then, they discuss the differences between identity fraud and scams, the importance of good cyber hygiene, and the steps to take immediately if your personal information is breached. Sean also speaks with John Breyault, Vice President of Public Policy, Telecommunications and Fraud at the National Consumers League, about the current trends in identity theft and the forms of fraud that are on the rise in 2024. They cover topics such as new account fraud, the impact of zero-day vulnerabilities on personal data security and the necessity for consumers to stay vigilant with software updates and report incidents promptly. They also explore how victims can navigate the process of recovering from fraud, including freezing credit reports, changing passwords, and engaging with financial institutions and law enforcement to document the crime and seek restitution. In their conversation, the Nerds discuss: identity theft, fraud prevention, financial fraud, cyber security, bank account fraud, scams, identity fraud, data breach, zero-day vulnerabilities, credit report freeze, two-factor authentication, artificial intelligence, online banking security, phishing, cyber criminals, emotional impact of fraud, credit card fraud, fraud alerts, financial wellbeing, scam awareness, cyber hygiene, consumer protection, financial predators, cyber theft, financial crime, financial education, cyber vigilance, fraud recovery, financial security, scam prevention, identity protection, personal finance, cyber fraud, bank fraud, fraud detection, identity theft awareness, and fraud restitution. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unlock insights on vacation spending to leverage summer travel trends, and dive into the latest employment report. Planning to travel this summer? In this episode of NerdWallet’s Smart Money podcast, hosts Sean Pyles and Anna Helhoski delve into the world of summer travel. They discuss the key findings from NerdWallet’s 2024 Summer Travel Report, revealing insights into Americans’ vacation plans and expected spending. NerdWallet travel rewards expert Sally French joins them to dissect the latest trends in airline fees, price fluctuations, and factors influencing travel decisions. Whether you plan on traveling across the globe, or staying local, understanding summer trends can help you optimize your travel planning. Later in this week’s Money News roundup, Sean and Anna cover the latest money headlines, including the March employment report and a new student loan relief program. From travel and job market trends to initiatives aimed at reducing student loan debt, this episode highlights some evolving aspects of the American financial landscape. In their conversation, the Nerds discuss: summer travel, vacation spending, travel trends, money news, airline fees, travel expenses, travel insights, travel decisions, travel tips, travel rewards, employment report, job market trends, student loan relief, student loan debt, financial developments, personal finance, summer vacations, travel planning, inflation impact, travel industry, airline pricing, travel costs, budgeting tips, financial decisions, economic indicators, financial trends, travel research, travel data, travel analysis, vacation budget, travel hacks, budget travel, money management, financial advice, money-saving tips To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get a comprehensive breakdown of strategies for buying, selling, and improving homes in our homeowners lightning round. 00:42 This Month’s Nerdy Question: What’s the best thing you spent your money on this month? Hosts Sean Pyles and Sara Rathner kick off a new segment by sharing some of their recent purchases, in a new segment designed to encourage you to think about your consumption habits. 08:24 Today’s Money Question: Should you shop around for a title agency? What are the pros and cons of owning a second home? What’s the ROI for home improvement projects? What are the financial implications of using retirement funds for home improvements? Housing Nerd Kate Wood joins Sean and Sara to delve into the complexities of the homebuying process, financing home upgrades, and leveraging home equity. They discuss the risks and strategies associated with using home equity for investing in real estate, the importance of an emergency fund when becoming landlords, and the alternatives to using retirement savings for home improvements. In their conversation, the Nerds discuss: homeownership, smart home investments, title insurance, home equity, real estate investments, financial security, home improvement financing, title agencies, home disasters, buying a home, home equity loans, home equity line of credit (HELOC), cash-out refinancing, real estate game, emergency funds, home buying process, navigating title agencies, financial planning, home maintenance savings, intentional purchasing, home renovations ROI, anti-overconsumption, plumbing repairs, tax lien, closing costs, home buying in 2024, second property investment, becoming a landlord, IRA withdrawals, real estate attorney fees, escrow services, lender's title insurance, owner's title insurance, home value increase, property investment risks, buying second home, home buying expenses, mortgage application, real estate market trends, and decision fatigue. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to protect your identity from theft and fraud by understanding how criminals are exposing authentication flaws. How can you protect yourself from identity theft and financial scams? What steps should you take if your identity has been compromised? Hosts Sean Pyles and Sara Rathner discuss the pervasiveness of identity theft and practical defense strategies to help you safeguard your financial well-being. They begin with a discussion of protecting yourself from identity theft, with tips and tricks on setting up fraud alerts, freezing your credit and using unique passwords with the aid of password managers. Then, Eva Velasquez joins Sean to discuss the nuances of authentication and identity theft. They discuss the challenges businesses and individuals face in verifying identities online, the misuse of social security numbers and the rise in data breaches, particularly in the healthcare sector. Plus: the alarming increase in data breaches in 2023, the importance of questioning every suspicious communication you receive, and the necessity for public and private organizations to refine their authentication methods. In their conversation, the Nerds discuss: identity theft, financial scams, data breaches, cyber security, credit freeze, fraud alert, authentication, online identity, personal data protection, cybercriminals, financial fraud, password managers, financial well-being, data security, impostor scams, phishing, identity fraud, scam prevention, credit monitoring, sensitive information, identity protection, financial instruments, identity thieves, scam victims, credit card fraud, loan fraud, biometrics, cybersecurity strategies, data privacy, digital financial transactions, identity theft resource center, federal trade commission, IRS IP PIN, financial defense, digital predators, financial peace of mind, consumer protection, scam recovery, safeguarding data, and financial education. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore the latest on inflation, employment, and growth trends, and what it means for the future of the US economy. How is the economy doing right now and what does it mean for inflation, growth, and jobs? What do recent credit card settlement news and updates on inflation rates mean for your finances? Hosts Sean Pyles and Anna Helhoski delve into the current state of the economy, dissecting the latest data on inflation, growth, and employment. Joined by NerdWallet data journalist Elizabeth Renter, they explore how the economy is faring amid ongoing challenges. From the robust labor market and its impact on wages to the intricacies of inflation and its implications for consumers, they provide insights into the broader economic landscape. They seek to give listeners a deeper understanding of key economic indicators and how they could shape your financial decisions. Then, in this week's Money News roundup, Sean and Anna discuss a credit card settlement potentially affecting premium reward cards, updates on inflation rates, and the legacy of Daniel Kahneman, a pioneer in behavioral finance. In their conversation, the Nerds discuss: the economy, inflation, growth, employment, credit card settlement, financial decisions, consumer confidence, labor market, wage growth, Federal Reserve, interest rates, GDP, economic indicators, Daniel Kahneman, behavioral finance, money news, consumer spending, unemployment rate, inflation rates, market value, price growth, Federal Reserve interest rates, economic outlook, GDP growth, consumer sentiment, labor supply, labor demand, price levels, real GDP, swipe fees, interchange rate, rent inflation, housing prices, annual rate, economic landscape, economic data, macroeconomic phenomena, economic trends, and money headlines. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn to maximize retirement savings with tax diversification by balancing your Roth and traditional IRA contributions. 00:27 This Week in Your Money: What are expense ratios? How do you decide between a Roth and traditional 401(k)? Hosts Sean Pyles and Sara Rathner discuss understanding investment terms and retirement account options and strategies to help you understand how to make more informed and beneficial financial decisions. They begin with a new segment called Nerdy Vocab, in which they explain tips and tricks on recognizing how expense ratios affect your investments. They offer clarity on how fees can eat into your returns, explain how to utilize tools like the FINRA Fund Analyzer, and explain considerations for selecting cost-effective funds. 09:27 Today’s Money Question: NerdWallet writer Alieza Durana joins Sean and Sara to help answer a listener’s question about how to decide between investing funds in a Roth versus a traditional 401(k). They discuss the tax implications of different retirement accounts, how to harmonize retirement savings with other financial priorities, and the importance of tax diversification in an investment strategy. Their discussion covers the tax benefits of traditional and Roth 401(k)s, IRAs, and HSAs, and the importance of balancing retirement contributions with immediate financial needs like debt and emergency funds. In their conversation, the Nerds discuss: retirement savings, investment fees, Roth 401(k), traditional 401(k), expense ratios, IRAs, retirement planning, maximize returns, minimize fees, financial planning, nest egg, investment strategies, tax diversification, employer match, retirement accounts, mutual funds, exchange-traded funds, passively managed funds, actively managed funds, FINRA Fund Analyzer, tax benefits, contribution limits, debt management, emergency funds, capital gains, tax-free withdrawals, tax implications, asset allocation, rebalancing your portfolio, tax season, pre-tax contributions, and after-tax contributions. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore the ins and outs of planning a cruise, from choosing the right trip to coordinating on-board activities. What are the benefits of booking a group cruise for your friends and family? What amenities do cruises offer that could make travel easier for you and your group? Hosts Sean Pyles and Meghan Coyle discuss how to choose and book the best cruise to help you understand the logistics of planning a group vacation at sea. They begin with a discussion of the advantages and drawbacks of going on a cruise with a group, with tips and tricks on selecting destinations that fit your travel style, managing the financial aspects of shared cruise costs, and utilizing onboard amenities for all age groups. Then, Sean and Meghan discuss the ins and outs of cruise excursions and travel tips for groups. They discuss the importance of early reservation for excursions, strategies for avoiding the rush when disembarking at ports, and the value of shared travel experiences for bonding with your party. Has this episode given you a travel bug? Then check out our list of the 15 Best Travel Credit Cards of March 2024. In their conversation, the Nerds discuss: group cruises, cruise planning, group travel, cruise excursions, booking a cruise, cruise experience, family cruises, cruise ship amenities, group vacations, group cruise booking, onboard activities, cruise ship entertainment options, cruises for seniors, group vacation planning, and travel planning tips. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Neera Tanden, domestic policy advisor to President Biden, discusses the fight against junk fees impacting college students. What hidden “junk fees” are college students facing? How is the Biden Administration addressing fees to make higher education more affordable? Hosts Sean Pyles and Anna Helhoski discuss the Biden Administration's recent efforts to combat junk fees in colleges, from financial products marketed to students like credit cards and bank accounts to textbook costs and unused meal plan dollars. They speak with Neera Tanden, domestic policy advisor to President Biden, about the more than $1 billion annual impact of these fees and the bipartisan support she expects for some of these policies. Then, in this week's Money News roundup, Sean and Anna discuss issues with the new FAFSA, the Federal Reserve's latest stance on interest rates, and continuing surge of home sales. Get a comprehensive overview of the latest developments affecting your finances and gain valuable insights to stay ahead in an ever-changing economic environment, whether you're a student navigating the labyrinth of college fees or a homeowner keeping tabs on market trends. In their conversation, the Nerds discuss: hidden fees, FAFSA troubles, Federal Reserve, interest rates, housing market, college fees, student finances, financial aid, junk fees, textbook costs, student loans, college expenses, student banking, origination fees, meal plans, tuition bills, open-source textbooks, college affordability, financial literacy, student debt, financial aid applications, existing homes, home prices, National Association of Realtors, mortgage rates, economic indicators, market trends, financial decisions, and personal finance. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn the truth behind common credit score myths and get a better understanding of digital wallet privacy and security. 00:51 This Week in Your Money: Do you need to carry a credit card balance in order to maintain a good credit score? Does checking your credit score hurt your credit? Hosts Sean Pyles and Sara Rathner debunk common credit score myths to help you understand the realities of your credit health. They offer valuable insights into how carrying a balance affects your credit score, the safety of checking your credit score regularly, and the importance of maintaining a history with your credit accounts open. 09:45 Today’s Money Question: Are digital wallets truly safe and private? Is it safer to pay with a check than online? Sean and Sara discuss the intricacies of digital wallets, explaining the role of tokenization in securing transactions, the importance of phone security features like passcodes and biometrics, and the varying privacy policies of digital wallet providers like Google Pay and Apple Pay. They explain how digital transactions are protected, how to navigate privacy settings in apps like Venmo, and how they’ve used digital wallets in their own lives. In their conversation, the Nerds discuss: credit score myths, digital wallets, mobile transactions, transaction tokenization, credit scores, cashless transactions, credit card balance, checking credit scores, Google Pay, Apple Pay, Venmo, Samsung Pay, digital payment options, digital spending, financial reputation, privacy policies, mobile payments, credit card fraud, secure transactions, consumer data, credit utilization, credit history, biometric data, phone locks, digital payment security, financial decisions, credit score improvement, online bill payments, credit card security, payment tokenization, credit bureaus, credit profile, credit card management, digital wallet adoption, credit score factors, cashless convenience, and payment privacy. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get savvy about car rental services, pros and cons of RV rentals and navigating public transportation when traveling. What are the best transportation options when traveling with a group? When is it worth it to rent a car? NerdWallet’s Meghan Coyle and Sally French discuss group transportation options and public transportation strategies to help you understand how to move your squad around efficiently and economically. They begin with a discussion of various modes of transportation, with tips and tricks for saving money on rental cars. Then, they discuss the ins and outs of RV travel and public transit in cities. They also talk about RV delivery services, managing fuel costs, the practicality of Amtrak for group travel, and the advantages of public transit over car rentals in urban settings. Has this episode given you a travel bug? Then check out our list of the 15 Best Travel Credit Cards of March 2024. In their conversation, the Nerds discuss: group travel, rental cars, RV travel, public transportation, Amtrak trains, electric vehicles, travel tips, group excursions, travel with friends, family vacations, RV adventures, RV delivery services, rental car expenses, rental car elite status, downtown rental locations, travel logistics, group transportation options, car sharing apps, travel insurance, travel savings, renting electric cars, Turo, GetAround, group travel strategies, group transportation logistics, hop-on hop-off buses, travel by train, urban travel, group road trips, managing travel costs, travel apps, rental car alternatives, efficient transportation, travel planning, group trip planning, sustainable travel, eco-friendly travel, family road trips, and car rental tips. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how a historic change in the way real estate agents are paid could impact prices for home buyers and sellers. Will housing costs become cheaper under new real estate commission rules? How will the recent settlement by the National Association of Realtors impact home buyers and sellers? Hosts Sean Pyles and Anna Helhoski delve into the details of the $418 million settlement by the National Association of Realtors, discussing its potential implications on the home buying and selling process. NerdWallet mortgage writer Holden Lewis joins the conversation to break down the changes and their possible effects on home prices. From understanding the intricacies of commission negotiations to potential ripple effects on the housing market, this episode equips you with the knowledge to navigate the evolving real estate industry. Whether you're a first-time buyer or a seasoned seller, you'll gain valuable perspectives on optimizing your real estate transactions and making informed financial decisions. In their conversation, the Nerds discuss: real estate commissions, home buyers, home sellers, National Association of Realtors, real estate industry, realtor commissions, housing market, real estate agents, buyer agents, seller agents, real estate negotiations, real estate lawsuit, buyer negotiation, seller negotiation, home prices, home sales, NAR settlement, real estate news, commission structures, buyer-seller negotiations, and real estate commission changes. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Your Rich BFF” Vivian Tu explains how to adopt a millionaire’s mindset and shares key strategies for building wealth. How do wealthy people think about building wealth? What career choices can lead to a faster increase in income? Hosts Sean Pyles and Sara Rathner discuss spring financial planning and wealth-building strategies to help you understand how to effectively grow your finances and navigate career advancement. They begin with a discussion of setting SMARTR financial goals for spring, with tips and tricks on setting realistic goals, checking in on your financial objectives, and planning for home improvements. Then, podcaster, social media influencer, and author Vivian Tu, also known as "Your Rich BFF," joins Sean to discuss wealth-building through passive income and active career decisions. They discuss the importance of making your money work for you, the psychological barriers to seeking higher income, and the significance of securing a meaningful raise or position shift every two years. She shares her insights on transitioning from Wall Street to digital media, democratizing financial knowledge, and cultivating a mindset for wealth accumulation. In their conversation, the Nerds discuss: financial growth, wealth-building strategies, smart money moves, financial planning, financial freedom, financial literacy, career growth, money management, passive income, salary negotiation, side hustles, investing, home improvement fund, tax season, budgeting, saving money, personal finance, financial goals, wealth accumulation, money strategies, raise negotiation, professional development, financial wellbeing, emergency funds, financial education, financial independence, increase income, workplace dynamics, financial security, money motivation, financial planning tips, money tasks, personal finance philosophy, financial automation, meritocracy, job switching, raise requests, and wealth-building tips. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover tips and get answers to common questions for smooth group travel, from choosing accommodations to managing meals and costs for a successful trip. How can you find the perfect accommodations for group travel without overspending? How can you split group expenses fairly? NerdWallet’s Megan Coyle and Megan Lee discuss the ins and outs of group travel accommodations and the logistics of planning a group trip to help you understand how to orchestrate a seamless group vacation experience. They begin with a discussion of lodging options, with tips and tricks on selecting cost-effective stays, balancing the convenience of hotels against the charm of vacation rentals, and splitting costs to prevent financial surprises. Then, they discuss orchestrating meals for large parties, managing group dynamics by rewarding those who take the lead, and crafting memorable group activities that cater to everyone's interests. Interested in more travel tools? Then check out our list of the 15 Best Travel Credit Cards of March 2024. In their conversation, the Nerds discuss: group travel, travel planning, group accommodations, vacation rentals, Airbnb, Vrbo, group vacations, travel expenses, travel budgeting, group meals, shared costs, travel tips, group activities, retreat planning, travel harmony, travel expert insights, group lodging, cost savings, group getaways, stress-free travel, group retreats, group travel strategies, travel accommodations, hotel stays, city travel, group dynamics, group costs, travel flexibility, travel adventures, travel amenities, travel experiences, group dining, communal experiences, travel memories, group travel options, group travel challenges, and budget discussions. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Understand the recent resurgence of cryptocurrency prices and what the future may have in store for crypto investments. Why did Bitcoin’s price go back up? Why are cryptocurrencies controversial? Hosts Sean Pyles and Anna Helhoski delve into the recent resurgence of cryptocurrency, particularly Bitcoin, after its dramatic fall in previous years. They discuss the factors behind Bitcoin's recent rally, including the upcoming blockchain reward halving and the approval of spot Bitcoin ETFs, shedding light on what this means for investors. NerdWallet investing writer Sam Taube joins the discussion to provide insights into the divisive nature of cryptocurrency, its use as an alternative investment, and the controversies surrounding aspects like mining and environmental impact. In their conversation, the Nerds discuss: bitcoin ETFs, blockchain, digital currencies, ethereum ETFs, crypto investing, cryptocurrency investments, personal finance, cryptocurrency market, bitcoin prices, cryptocurrency trading, cryptocurrency mining, cryptocurrency volatility, DeFi, cryptocurrency regulation, cryptocurrency adoption, and decentralized finance. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn from others’ missteps in our new segment, “My Favorite Financial Mistake.” Plus: balancing paying debt vs. saving. 00:39 This Week in Your Money: What can you learn from making financial mistakes? Should you save and invest or pay off debt when you get a financial windfall? Hosts Sean Pyles and Sara Rathner, along with their new co-host Elizabeth Ayoola, discuss turning financial blunders into learning opportunities to help you set up for future financial success. They begin with a candid discussion about their personal financial missteps, offering insights on mental accounting, the perils of emotional spending, and the importance of maintaining flexibility in your financial planning. 13:22 Today’s Money Question: Adam, a Colorado firefighter, joins Sean and Sara to discuss cash windfalls and long-term planning. They delve into the intricacies of choosing between paying off debt and investing in a 529 college savings plan, the merits of a zero percent APR balance transfer, and the joy of spending on memorable family experiences. They also explore long-term financial goals and the art of balancing immediate financial needs with future planning. They highlight the benefits of starting an emergency fund with modest contributions, the strategy of tackling high-interest credit card debt while saving, and the value of investing in life experiences. In their conversation, the Nerds discuss: financial planning, money management, paying off debt, 529 college savings plan, retirement savings, emergency funds, financial goals, investment strategies, credit card debt, high-yield savings accounts, long-term wealth creation, financial windfall, financial mistakes, educational savings accounts, budgeting, personal finance, managing finances, mental accounting, emotional spending, financial balance, financial empowerment, financial success, economic stability, budgetary slips, financial blunders, credit challenges, money missteps, financial faux pas, long-term planning, financial fears, and financial shame. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get expert tips on affordable group and family air travel, from maximizing points and rewards to booking the best flights and maximizing airline perks. How can you make group travel both enjoyable and affordable? What are the best strategies for using travel points and credit cards to your advantage when planning group trips? Hosts Sean Pyles and Meghan Coyle discuss the intricacies of group travel planning and the mastery of travel points and credit card perks to help you understand how to have a memorable group trip without breaking the bank. They begin with a discussion of group travel planning, with tips and tricks on securing the best deals, navigating planning for multiple people, and leveraging travel credit cards to mitigate extra fees such as those for seat selection. Then, Meghan interviews credit card Nerd Erin Hurd about the nuances of booking flights for groups. They discuss strategies for using points effectively when traveling with a group, the benefits of programs like Southwest Airlines' Early Bird Check-In and Upgraded Boarding, and the flexibility of pooling points with hotel programs like Hilton and Marriott. Has this episode given you a travel bug? Then check out our list of the 15 Best Travel Credit Cards of March 2024. In their conversation, the Nerds discuss: group travel, travel savings, travel rewards, travel tips, budget travel, group vacations, travel points, travel credit cards, Southwest airlines, early bird check-in, family travel, travel planning, airline points, companion passes, airport lounges, group flights, group lodging, travel experiences, airline perks, travel benefits, travel coordination, credit card perks, flight booking, pooling points, credit card rewards, airport lounge access, travel itineraries, airline status matching, airline incidental fees, and upgraded boarding. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Understand how you may actually be able to save money on fast food thanks to “dynamic pricing.” What’s the difference between surge pricing and dynamic pricing? How can you take advantage of supply and demand timing for certain products and services? Hosts Sean Pyles and Anna Helhoski tackle the buzz around Wendy’s controversial new pricing strategy, dissecting the confusion surrounding surge pricing and clarifying Wendy’s actual plan of implementing dynamic pricing starting in 2025. They discuss the potential impact this AI-driven pricing may have on consumers and how it could result in discounts based on factors like weather and demand, and its applications in other areas such as ticket sales, hotels, and airlines. In their conversation, the Nerds discuss: dynamic pricing, fast food costs, AI technology, surge pricing, consumer impact, pricing strategies, Wendy’s, rideshare services, supply and demand, menu changes, digital menu boards, AI-enabled technology, real-time data, pricing decisions, ticket sales, value offers, fluctuating prices, industry trends, and price shifts. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn about savvy grocery saving and expert tax filing tips to bolster your budget and ease tax season stress. 1:14 This Week in Your Money: How can you slash your grocery bills and still eat healthy foods amid rising costs? What’s new for this year’s tax season? Hosts Sean Pyles and Sara Rathner discuss saving money on groceries and simplifying tax filing to help you understand how to eat smart, save big, and conquer tax season with ease. They begin with a discussion of frugal grocery shopping, with tips and tricks on comparing unit prices, the benefits of curbside pickup, and incorporating a plant-based diet. NerdWallet’s Alana Benson joins Sean and Sara to explain how she saved $800 on groceries over 5 months, highlighting the financial and health benefits of a plant-based diet and giving practical tips for those who are interested in cutting costs. 10:33 Today’s Money Question: Bella Avila from NerdWallet’s tax team joins Sean and Sara to discuss IRS updates for this tax season, including the new Direct File tax filing software and an update to standard deductions. They also demystify tax brackets, explain how to get your tax refund faster, and weigh the pros and cons of consulting with a professional advisor for personalized financial guidance. In their conversation, the Nerds discuss: tax filing, grocery shopping hacks, grocery bills, tax season, plant-based diets, money saving tips, tax refunds, IRS Direct File, standard deductions, tax brackets, healthy eating, tax filing deadline, tax updates, tax software, student loan interest deduction, curbside pickup, vegetarian meals, tax returns, frugal food shopping, maximizing your return, tax preparation, financial savings, navigating taxes, budgeting tips, tax filing tips, comparing prices, direct deposit, IRS updates, lentils and legumes, affordable eating, tax deductions, and tax rates. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how to revamp your finances with a 30-day money cleanse that aligns your spending with joy and personal values. How can you set a budget that aligns with your goals? How can you optimize your spending to reduce waste? NerdWallet’s Kim Palmer talks to Ashley Feinstein Gerstley, author of The 30-Day Money Cleanse, to help you understand how small changes can make a significant impact on your financial health. They begin with a discussion of the financial cleanse, with tips and tricks on aligning spending with personal values, creating lasting habits in 30 days by using a method that has saved others an average of $950 over 30 days — without feeling deprived. They also discuss money management tactics that include keeping a money journal, practicing visualization and having money parties. They discuss the benefits of recording feelings associated with each purchase, indulging in simple low-cost activities that bring happiness and aligning spending with personal values for a more satisfying approach to personal finance. In this conversation, you’ll learn about: The 30-day Money Cleanse, financial wellbeing, saving money, frugal living, financial habits, money management, financial health, money mindfulness, budgeting tips, personal finance, spending patterns, financial planning, money journals, visualization techniques, aligning spending with values, financial discussions, financial empowerment, financial strategies, money challenge, saving tips, low-cost activities, financial cleansing, emotional spending, money mindset, money and happiness, fiscal fitness, wealth building, financial conversations, money saving challenge, and money decisions. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. Education Secretary Miguel Cardona discusses the early rollout of $1.2B in student loan forgiveness and the future of debt relief. Why did the Biden administration accelerate student loan forgiveness by wiping away $1.2 billion in debt nearly six months ahead of schedule? How will eligible borrowers, especially those enrolled in the new income-driven repayment plan SAVE, be notified of this unexpected relief? Hosts Sean Pyles and Anna Helhoski explain the latest in student loan forgiveness before Anna speaks with Dr. Miguel Cardona, U.S. Secretary of Education. They break down the latest wave of debt relief, totaling a historic 138 billion dollars approved for cancellation among 3.9 million borrowers, all achieved through executive action. They also discuss the motivations behind prioritizing student debt forgiveness and the details of the SAVE plan, offering insights into who benefits, how eligible borrowers will be notified, and what lies ahead for student loan borrowers in 2024. In their conversation, the Nerds discuss: student loans, loan forgiveness, Saving on a Valuable Education (SAVE) plan, debt relief, income-driven repayment, financial aid, student debt, loan cancellation, loan eligibility, loan notification, executive action, loan benefits, repayment plan, loan borrowers, debt cancellation, loan relief, loan impact, loan insights, loan motivations, federal student aid, and Free Application for Federal Student Aid (FAFSA). To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to utilize a tax advantaged 529 plan to help your or a friend’s children save for future education expenses. 00:57 This Week in Your Money: What are the risks of purchasing a home without an inspection? How can you plan for major expenses when healthcare providers can’t tell you how much their services will cost? Hosts Sean Pyles and Sara Rathner share their hot takes on unexpected financial challenges, with tips and tricks on handling surprise expenses, understanding the importance of home inspections, and dealing with healthcare industry inefficiencies. 09:46 Today’s Money Question: What are the benefits of a 529 college savings plan? Can you contribute to a friend’s 529 plan to support their child’s future? NerdWallet writer Elizabeth Ayoola joins Sean and Sara to discuss the essentials of 529 college savings plans. They discuss the types of educational expenses covered, the tax benefits associated with 529 plans, and the flexibility of choosing different state plans. They also answer a listener’s question about how to approach the sensitive topic of financial gifts for education with parents, sharing methods for contributing to a loved one’s 529 plan without overstepping boundaries. Then, they discuss the implications of the Secure Act 2.0 on 529 plans, methods for estimating necessary savings for a child's education, and tactful ways to discuss educational contributions with parents. In their conversation, the Nerds discuss: 529 college savings plans, financial planning, educational savings, personal finance, budgeting, unexpected expenses, saving for college, tax-advantaged savings, financial gifts, college fund, education expenses, financial pressures, smart spending, investment plans, home inspection, healthcare costs, higher education, financial obstacles, educational funding, educational investments, financial strategies, money matters, budget woes, financial frustrations, financial storms, monetary setbacks, savvy spending, financial goals, state tax deductions, tax benefits, financial contributions, Roth IRA rollovers, financial planning skills, education costs, college tuition, and family finances. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to choose the right business structure for financial success and legal protection as a self-employed entrepreneur with answers to common questions. How do you select the right business structure when you’re self-employed? What are the financial implications of different business structures on personal finances? Hosts Sean Pyles and Elizabeth Ayoola help you understand how to navigate your business's legal identity by comparing business structures for self-employment. They begin with a discussion of different business structures available for self-employment, with tips and tricks on separating personal liability from business, the ease of filing taxes as a pass-through entity, and the importance of obtaining an EIN for building business credit. Then, Elizabeth talks to Bryan Jackson, certified financial planner and senior wealth advisor at Beacon Pointe Advisors, about the nuances of LLCs, S corporations, and traditional corporations. They discuss the pros and cons of each structure, the flexibility of LLCs in terms of membership and taxation and the more stringent requirements of S corps. How do you navigate the complex process of business formation? What should you consider when transitioning from self-employment to business ownership? Bryan talks through the critical questions that shape your enterprise's future, offering guidance on the implications of single versus multiple ownership, the relevance of non-U.S. partners and the significance of share transferability. He also delves into topics such as the distinction between being self-employed and a business owner, the benefits of formalizing a business early, and the different financial impacts of each business structure on personal finances. In their conversation, the Nerds discuss: business structure, entrepreneurship, LLC, S corp or S corporations, sole proprietorship, business formation, financial success, self-employed, types of corporations, liability protection, tax implications, financial planning, business entities, choosing a business structure, small businesses, business credit, pass-through taxation, business ownership, liability, taxes, legal identity, business registration, EIN number, business bank account, corporate veil of protection, liability exposure, side hustles, business credit profile, business incorporation, liability separation, SBA loans, tax preparation, self-employment journey, business liabilities, business profits, and tax filing. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore strategies to navigate surging mortgage and child care costs so you can meet your goals despite rising expenses. How are rising mortgage and child care costs impacting the typical American family? Hosts Sean Pyles and Anna Helhoski tackle the pressing issue of the dual financial burden faced by many households today. They discuss the nuances of the affordability crisis before NerdWallet writer and mortgage expert Kate Wood joins them to shed light on the housing market dynamics, explaining how supply and demand, coupled with higher mortgage rates, are contributing to soaring home prices. They also share insights into the outlook for mortgages in the coming year and practical advice for prospective homebuyers, especially those grappling with high child care costs. In their conversation, the Nerds discuss: mortgage costs, child care expenses, housing affordability crisis, financial challenges, high mortgage rates, home buying strategies, economic realities, rising living expenses, practical solutions, affordability crisis, real estate analysis, family finances, household income, affordable housing, child care budgets, housing market dynamics, financial well-being, financial impact, creative living situations, navigating expenses, financial resilience, child care subsidies, housing market trends, mortgage rates outlook, prospective home buyers, housing market outlook, financial insights, and financial strategies. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn investment and tax strategies to help you achieve financial security and prepare for a prosperous retirement. How can you balance saving for emergencies and investing for the future? What strategies can you employ to maximize your tax benefits and build a secure financial future? NerdWallet’s Kim Palmer and Alana Benson discuss investment strategies and tax planning to help you understand how to navigate your financial journey effectively. They begin with a discussion of investment strategies, with tips and tricks on understanding different investment accounts like 401(k)s and IRAs, leveraging compound interest, and the importance of starting investments early. Then, Alana discusses tax planning and filing in-depth, covering the intricacies of different tax forms like W-4s and W-2s, the significance of estimated taxes for freelancers, and strategies for managing capital gains taxes. Kim and Alana delve into retirement planning and the challenges of active versus passive investing. They provide a framework for prioritizing your finances, emphasizing the creation of an emergency fund, taking advantage of employer 401(k) matches, and understanding the role of asset allocation based on age and risk tolerance. Additionally, they tackle the decision-making process in personal finance, such as choosing between paying off debt and investing, and the pros and cons of having a financial advisor. In their conversation, the Nerds discuss: getting started with investing, tax strategies, retirement planning, financial advisors, Roth IRA, 401(k), individual retirement accounts, compound interest, investment accounts, passive investing, active investing, index funds, emergency funds, capital gains taxes, how to build wealth, investment strategy, tax filings, W-4 and W-2 tax forms, estimated taxes, freelancing, financial goals, saving money, risk tolerance, asset allocation, tax planning, financial planning, investment tips, tax tips, financial decisions, savings account, and brokerage accounts. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn retirement savings strategies tailored for self-employed individuals to secure a financially stable future. How can self-employed individuals effectively save for retirement? What tailored retirement plans should freelancers and small business owners consider? NerdWallet’s Sean Pyles and Elizabeth Ayoola discuss the unique challenges of retirement savings for the self-employed and the different retirement plans available to help you understand how to secure your financial future while running your own business. They begin with a discussion of the hurdles of inconsistent income and strategies to manage expenses, with tips and tricks on proactive contribution, the transformative power of compounding interest, and paying oneself a consistent salary. Ayesha Selden, a stock broker, certified financial planner, real estate investor, and art collector, joins Elizabeth to discuss the intricacies of various retirement accounts for the self-employed. They delve into the benefits of using qualified plans like solo 401(k)s, SEP IRAs, and SIMPLE IRAs, aligning retirement plans with business models, and the strategy of funding retirement through the sale of a business. They also highlight the importance of diversification to mitigate risks, building strong savings habits early on, and the potential of setting a consistent salary for financial stability. In their conversation, the Nerds discuss: retirement savings, self-employed financial planning, retirement plans, retirement strategy, retirement contributions, solo 401(k), SEP IRA, SIMPLE IRA, compounding interest, certified financial planner, financial independence, retirement planning strategies, saving for retirement, business owners, retirement savings options, tax-deferred investments, managing expenses, investment diversification, retirement funding options, self-employment tax, financial management, employee and employer contributions, retirement accounts, consistent salary, fluctuating income, wealth management, retirement savings habits, retirement savings goals, employer matching, retirement savings accounts, retirement nest egg, saving habits, retirement planning advice, self-employment benefits, maximizing retirement savings, investment vessels, financial foresight, and retirement income streams. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn why now may be a good time to be in the market for a new car and why two industries are outliers in job layoffs. Why did new car prices drop in January? What’s driving layoffs in tech and media — and what does it mean for other jobs? Hosts Sean Pyles and Anna Helhoski discuss car prices and a recent surge in layoffs, particularly in the tech and media sectors. They kick off with an in-depth look at the auto industry, unraveling the reasons behind a significant drop in new vehicle prices and the impact of credit-tightening on car loans. The hosts share three key takeaways, emphasizing the implications for consumers looking to purchase a new car. Then, Sean and Sara delve into the complex landscape of layoffs, dissecting the trends in tech and media job cuts. They discuss the factors contributing to the tech industry's layoff spree and the challenges faced by the media sector, shedding light on the broader job market resilience despite specific sectorial challenges. In their conversation, the Nerds discuss: car prices, layoffs, auto industry, credit-tightening, job market trends, tech layoffs, media job cuts, labor market resilience, interest rates, new vehicle prices, manufacturing, economic growth, consumer confidence, Dealertrack Auto Credit Total Loan Index, credit availability, inflation, economic indicators, stock market, personal finance news, job market analysis, economic outlook, job gains, unemployment rate, and financial trends. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Apply lessons from physical fitness to improve your financial fitness. Plus: how to manage money in your relationships. 00:21 This Week in Your Money: How can you achieve both financial and physical wellness? How can you stick to your goals when you face setbacks? Hosts Sean Pyles and Sara Rathner discuss achieving financial wellness by borrowing lessons learned from people working to achieve physical wellness. NerdWallet UK writer and spokesperson Amy Knight joins Sean and Sara to share tips and tricks on setting realistic goals, developing sustainable habits, and being patient with your progress. She offers actionable takeaways on how to achieve your financial goals, whether you’re hoping to create an emergency fund, clear credit card debt, or increase pension contributions. 10:44 Today’s Money Question: How do you talk about money with your romantic partner — or your friends? Why should you try to build a financially interdependent relationship? Personal finance journalist and podcaster Nicole Lapin joins Sean to discuss the delicate balance of finance in friendships and romance. They explore the importance of being cautious while open to trust, handling financial disparities among friends, and the significance of being financially interdependent as a balance between codependence and independence. They cover topics such as financial conversations evolving with the relationship stage, managing differing financial priorities, and supporting friends through financial challenges. You can listen to Nicole's podcast, "Money Rehab with Nicole Lapin," at https://podcasts.apple.com/us/podcast/money-rehab-with-nicole-lapin/id1559564016 In their conversation, the Nerds discuss: personal finance, financial wellness, fitness and finance, money management, budgeting, financial goals, emergency funds, credit card debt, financial habits, sustainable habits, physical fitness, relationship finance, financial conversations, estate planning, financial planning, financial interdependence, money and relationships, setting goals, financial discipline, financial dialogues, financial priorities, transparency in finance, financial disparities, money talks, financial infidelity, budget constraints, financial advisors, debt management, financial integrity, managing finances, awkward money conversations, love and money, fiscal fitness, and talking about money in platonic and romantic relationships. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn about self-employment taxes and avoid common tax mistakes with expert strategies for managing your finances year-round. How do self-employed taxes work? What are some common tax mistakes self-employed people make? And can you really write off payments on a luxury vehicle if you use it for work purposes? Hosts Sean Pyles and Elizabeth Ayoola discuss the intricacies of self-employment taxes and strategies for financial success and IRS compliance to help you understand how to navigate tax season as an independent worker. CPA and financial strategist Krystal Todd joins them to delve further into the details of self-employment taxes, with tips and tricks on budgeting for personal and professional life, the importance of making quarterly tax payments, and whether to DIY taxes or hire a professional. They also discuss strategies like depreciating assets, the benefits of hiring family members and navigating the complexities of tax deductions. Plus: financial strategies for handling unexpected income and managing self-employment taxes, the importance of setting aside funds for unexpected expenses, and the advantages of timing revenue recognition and prepaying expenses for tax benefits. In their conversation, the Nerds discuss: personal finance, self-employment taxes, tax season for the self-employed, quarterly tax payments, financial success, IRS compliance, tax planning, tax deductions, managing finances, budgeting for self-employed, S Corporation benefits, tax mistakes, estimated taxes, IRS payment plans, financial tracking, tax law, Corporate Transparency Act, tax strategies, luxury vehicle tax writeoff, freelancer taxes, gig worker taxes, solo entrepreneur taxes, tax compliance, tax penalties, IRS audit, proactive money management, business growth, cash basis accounting, tax professionals, tax schemes, financial surprises, budgeting tips, bookkeeping tips, and tax planning on an inconsistent income. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Understand news-based stock market trading strategies and risks and discover alternative strategies for smarter investing. Should you trade stocks based on news events? What are alternative investment strategies to news-based trading? Investing Nerd Sam Taube joins hosts Sean Pyles and Anna Helhoski to discuss the wisdom—or folly—of news-based trading strategies, after Sean and Anna break down the latest personal finance headlines around job market trends and consumer confidence from the University of Michigan Surveys of Consumers. Sam explains how news has played out in the stock market, including some unexpected outcomes that illustrate the difficulty in predicting market movements based on news events. The hosts transition to a discussion on alternative investment strategies, such as value investing, growth investing, and dividend investing. They delve into the nuances of these approaches, offering three listener-focused takeaways to help navigate the complexities of the stock market. In their conversation, the Nerds discuss: personal finance, investing strategies, stock trading, financial news, alternative investments, value investing, growth investing, dividend investing, market trends, economic data, interest rates, consumer confidence, money headlines, job market, stock market, news-based trading strategies, investing tips, wealth management, market analysis, financial literacy, money management, investment options, economic indicators, stock market outlook, financial trends, investment decisions, news events, market volatility, economic outlook, investing education, and portfolio management. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn about navigating retirement joyfully and how to defend against identity theft with credit freezing and monitoring. How do you embrace retirement when it’s time to retire? How can you use credit reports and credit monitoring to protect your financial identity? Hosts Sean Pyles and Sara Rathner discuss transitioning into retirement and safeguarding against identity theft to help you understand the emotional and practical aspects of retiring and the crucial steps to defend your financial information. 00:50 This Week in Your Money: Recently retired podcast alum Liz Weston joins Sean and Sara to discuss her transition into retirement. She offers tips and tricks on overcoming fear of the unknown, ensuring financial and health insurance plans are in place, and finding fulfilling post-career activities. 10:30 Today’s Money Question: Listener Catie joins Sean and Sara to share a story about identity theft and to ask how she can safeguard herself from similar issues in the future. Sean and Sara discuss the necessity of credit freezes, strategies to monitor credit reports, and adopting vigilant password practices. They also explain how you can freeze your credit with relative ease, retrieve a copy of your credit report for free as often as once a week, and weigh the decision of whether to monitor your own credit or outsource it to a credit monitoring service. In their conversation, the Nerds discuss: personal finance, retirement planning, identity theft, financial identity protection, credit freeze, credit bureaus, personal finance, financial planning, life transitions, identity theft prevention, credit card fraud, financial security, Equifax, Experian, TransUnion, credit report, safeguarding finances, retirement advice, financial legacy, navigating retirement, credit monitoring services, credit card security features, protecting personal finances, credit fraud, freezing credit, credit theft, post-career life, emotional aspects of retirement, retirement goals, credit report freezing, financial identity theft, retirement strategies, and credit card application fraud. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Master your self-employment finances with answers to questions about budgeting, planning, and separating funds. How can you manage your finances effectively after becoming self-employed? What can you do to plan for unpredictable income and the tax implications that come with being your own boss? NerdWallet's Sean Pyles and Elizabeth Ayoola host a discussion that delves deep into the world of self-employment. Elizabeth interviews Rianka Dorsonville, a self-employed certified financial planner, about critical questions to consider before embarking on your entrepreneurial journey. She also discusses the importance of budgeting, the necessity of maintaining separate personal and business finances, and the significance of establishing an emergency fund. Aspiring to be financially savvy while managing your own business can be daunting, especially when dealing with variable income and tax requirements. The podcast offers a treasure trove of insights for anyone considering or already navigating the solo financial journey. Rianka, with her expertise, sheds light on creating a simple yet effective budgeting framework, avoiding the pitfalls of commingling finances, and the psychological aspects of self-employment, including the benefits of professional help and therapy. This episode is a guide to crafting a stable financial foundation for anyone looking to become economically self-sufficient through entrepreneurship. In their conversation, the Nerds discuss: self-employment, financial journey, self-employed certified financial planner, entrepreneurship, budgeting, emergency funds, bookkeeping, independent business, fiscal solvency, financial independence, taxes, income unpredictability, personal and business finances, expense management, emotional rollercoasters, professional help, therapy, tax strategies, navigating self-employment, financial pitfalls, 1099 workers, business entities, tax rules, retirement options, financial security, and side hustles. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices