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1866: Ask Farnoosh: Marriage & Money, Childcare Savings, Recession Advice, FAFSA Eligibility

1866: Ask Farnoosh: Marriage & Money, Childcare Savings, Recession Advice, FAFSA Eligibility

So Money with Farnoosh Torabi · Farnoosh Torabi

August 15, 202530m 37s

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Show Notes

<p>In this Ask Farnoosh episode, Farnoosh kicks things off with a personal story tied to her recent <a href="https://www.today.com/video/expert-tips-to-help-couples-get-on-the-same-page-about-money-244699717750" rel="noopener noreferrer" target="_blank"><em>TODAY Show</em> appearance</a>, where she talked about “finance-proofing” your relationship. Reflecting on her own early money talks with husband Tim (over margaritas at their favorite tequila bar), she lays out the keys to financial transparency in couples — from shared goals to individual autonomy.</p><br><p>Next, Farnoosh unpacks several top money headlines:</p><p><br></p><ul><li><strong>Tariff Rebate Checks?</strong> A proposed bill would send $600 checks to Americans, redistributing billions in collected tariff revenue. Supporters call it a timely relief, while critics question whether it's a sustainable solution.</li><li><strong>Housing Market Reset</strong>: As pandemic-era price surges deflate in places like Austin, buyers may finally have leverage — but high mortgage rates remain a hurdle.</li><li><strong>AI and the Return of In-Person Job Interviews</strong>: Companies like Google are bringing back face-to-face interviews to combat AI cheating in virtual screenings.</li><li><strong>The Tooth Fairy’s Budget Cuts</strong>: Delta Dental reports a 14% drop in the average payout for lost teeth — a sign of tighter household budgets.</li></ul><p><br></p><p>In the <strong>mailbag</strong>, Farnoosh answers three timely listener questions:</p><ol><li><strong>How to Prep for a Recession and a Weak Dollar</strong>: Farnoosh recommends beefing up emergency savings, diversifying investments, considering inflation hedges like TIPS or gold, and reducing high-interest debt. Flexibility is key.</li><li><strong>Juggling a Mortgage and Child Care Costs</strong>: She reframes child care as a career investment, suggests alternatives like nanny shares or Dependent Care FSAs, and advises delaying large home upgrades until expenses ease.</li><li><strong>Will My Teen’s Job Hurt Financial Aid?</strong>: Unlikely, says Farnoosh. The FAFSA allows students to earn about $7,600 before aid is impacted. Still, she warns that assets in a teen’s name can carry more weight than income.</li></ol><p><br></p><p>Farnoosh closes with a reminder that <a href="http://www.farnooshbts.com" rel="noopener noreferrer" target="_blank"><strong>applications for her mentorship program</strong></a> close this Sunday — an opportunity for listeners looking to build a sustainable, personal brand.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>