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NerdWallet's Smart Money Podcast

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NerdWallet Personal Finance

NerdWallet’s objective finance journalists answer real-world questions empowering you to make smarter decisions with your money and help your finances thrive. The Nerds are your resource to make the most of your personal finances, while cutting through the clutter and misinformation of today’s economic news and advice. You’ll get clarity on strategies to help you build your wealth, invest wisely, shop for financial products, and plan for major life events. By the end of each episode, you’ll feel smarter and more informed to make the most of your finances. Future You will thank you. Join hosts Sean Pyles, Sara Rathner, and other expert Nerds as they discuss everything personal finance, including: - Credit cards: credit card rewards, different types of credit cards, credit card annual fees - Investing and retirement: investment strategies, retirement planning, financial independence, investing in the stock market, money market accounts, financial strategies, mutual funds, short-term bonds, exchange-traded funds (ETFs), Roth IRA investing, robo-advisors, retirement savings - Personal finance: budgeting methods, emergency funds, paying off debt, frugal living, money management tips, wealth accumulation, money habits, cultivating a money growth mindset, debt-free living, financial resources, budgeting apps and browser extensions, avoiding scams, tax bills, financial success and financial stability - Banking: high-yield saving accounts, online banking, credit unions - Loans: student loans, home equity loans, HELOC, student loan forgiveness - Home: mortgage interest rates, homebuying, home improvement projects, homeowners insurance - Insurance: travel insurance, pet insurance, auto insurance, home insurance You’ll love NerdWallet’s Smart Money Podcast if you like podcasts like Planet Money, The Personal Finance Podcast, DIY Money, Afford Anything, How to Money, The Ramsey Show, Money Rehab with Nicole Lapin, NPR’s Life Kit: Money, Popcorn Finance, Money Girl, Everyone’s Talkin’ Money, So Money with Farnoosh Tarabi, The Money with Katie Show, All the Hacks with Chris Hutchins, The Stacking Benjamins Show, MoneyWatch with Jill Schlesinger, or Your Money, Your Wealth. NerdWallet Compare, Inc. NMLS ID# 1617539 NMLS Consumer Access: http://www.nmlsconsumeraccess.org/

#485

From Meme Stocks to Index Funds: A 2025 Investing Guide

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Learn how to balance risk and reward in your investments, rebalance your portfolio, and avoid common investing pitfalls. How can you manage risk and reward when investing? What are the best strategies for rebalancing your portfolio for 2025? Host Sean Pyles and Investing Nerd Sam Taube discuss how to set yourself up for long-term financial success by evaluating your investment strategy and taking actionable steps to achieve your goals. They begin with a discussion of investment basics, including tips and tricks on building a balanced portfolio, understanding stock market trends, and preparing for potential risks and rewards. Then, Sean and Sam discuss strategies for rebalancing your portfolio to align with your financial goals and risk tolerance. They cover how to identify when it’s time to rebalance, the benefits of diversifying investments, and common investment pitfalls to avoid. The episode also dives into avoiding scams and red flags in the investing world, so you can make the smartest decisions to set yourself up for long-term growth. NerdWallet’s roundup of the best IRA accounts: [https://www.nerdwallet.com/best/investing/ira-accounts] (https://www.nerdwallet.com/best/investing/ira-accounts) Best brokers for beginner investors: [https://www.nerdwallet.com/best/investing/online-brokers-for-beginners] (https://www.nerdwallet.com/best/investing/online-brokers-for-beginners) Best brokers for options trading: [https://www.nerdwallet.com/best/investing/options-trading-brokers] (https://www.nerdwallet.com/best/investing/options-trading-brokers) In their conversation, the Nerds discuss: how to invest, risk and reward in investing, rebalancing portfolio strategies, building a balanced portfolio, stock market trends, long-term financial success, avoiding investment scams, index fund investing, S&P 500 index fund, how to diversify investments, financial goals for investing, portfolio risk tolerance, investment basics, retirement account strategies, financial planning for 2025, clean energy stocks, tech stocks, financial services sector, meme stock trends, solar energy investments, tech regulation, banking regulations, index fund advantages, tax credit changes, and smart investing strategies. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

13 hrs Ago

21 MINS

21:22

13 hrs Ago

#484

Stop Scrolling, Start Saving: Better Habits and Budgets for 2025

Learn how to budget irregular income, set sustainable financial goals, and curb mindless spending for a better 2025. How do you create a budget when you're paid in large, irregular chunks of income? What are practical ways to curb unnecessary spending and stick to financial goals? Hosts Sean Pyles and Sara Rathner discuss how to break down irregular income into manageable monthly budgets and how to cut out habits that hurt your finances, like mindless phone scrolling. They begin with a discussion of financial New Year’s resolutions, with tips and tricks on identifying habits to stop, making sustainable changes, and focusing on small, actionable goals. Then, personal finance expert Kim Palmer joins Sean and Sara to discuss budgeting with irregular income. They explore strategies for dividing large paychecks into monthly allocations, using tools like high-yield savings accounts, and the importance of tracking expenses. Learn about NerdWallet’s picks for the best budget apps: [https://www.nerdwallet.com/article/finance/best-budget-apps] (https://www.nerdwallet.com/article/finance/best-budget-apps) Use NerdWallet’s free savings calculator to understand how your money can grow over time: [https://www.nerdwallet.com/calculator/savings-calculator] (https://www.nerdwallet.com/calculator/savings-calculator) In their conversation, the Nerds discuss: budgeting irregular income, budgeting tips, managing large paychecks, stopping bad habits, New Year financial resolutions, irregular income planning, budgeting apps, emergency savings, high-yield savings accounts, expense tracking, stopping mindless spending, cutting unnecessary expenses, sustainable spending habits, budgeting with fluctuating income, zero-based budgeting, cash stuffing, money-saving goals, personal finance for freelancers, budgeting for grad students, tips for budgeting with irregular pay, managing seasonal income, saving for large expenses, and breaking bad money habits. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

06 Jan 2025

25 MINS

25:12

06 Jan 2025

#483

Regret Less, Save More: How to Make Smarter Money Moves in 2025

Learn how to tackle financial regrets, set achievable money goals, and make 2025 your best year financially. How can you avoid repeating your biggest financial regrets this year? What are simple steps to improve your savings and spending habits? Hosts Sean Pyles and Sara Rathner discuss financial regrets and practical resolutions to help you take control of your money in 2025, beginning with a discussion of top financial regrets from 2024. Then, Sara talks to NerdWallet Senior Economist Elizabeth Renter about strategies for creating achievable money goals and overcoming common financial missteps. They share tips for mindful spending, setting boundaries for entertainment and dining budgets, and building habits that improve your credit score. Use NerdWallet’s free savings calculator to understand how your money can grow over time: [https://www.nerdwallet.com/calculator/savings-calculator] (https://www.nerdwallet.com/calculator/savings-calculator) In their conversation, the Nerds discuss: financial regrets, how to avoid financial regrets, money goals for 2025, saving tips, budgeting tips, how to budget better, spending habits, improving credit score, automating savings, financial goals, dining out budget, entertainment budget, setting financial boundaries, avoiding overspending, saving for emergencies, saving for financial goals, improving credit utilization, tracking expenses, mindful spending, managing credit cards, financial planning, New Year’s money resolutions, saving on groceries, setting savings goals, avoiding debt, credit score improvement tips, staying out of debt, financial resolutions, credit card tips, spending wisely, financial health, financial planning tips, creating a budget, setting money goals, saving money consistently, and staying financially healthy. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

02 Jan 2025

24 MINS

24:16

02 Jan 2025

#482

Live Financial Planning Session: Expert Budgeting and Spending Tips

Hear an actual financial planning session where a CFP advises a listener on transforming her budget and spending habits. Magda Doemeny, a certified financial planner from the [NerdWallet Advisors] (https://nerdwalletadvisors.com/?utm_source=sm&utm_medium=shownotes&utm_campaign=ba_mktg_organic_081224_podcast_cm_shownotes_podcast_specialep_nw-advisors) platform, gives a listener specific advice to improve their finances (advice given on behalf of Nerdwallet Advisors, not NerdWallet). Brinker, the listener, is struggling with spending habits that she calls “irresponsible” and how to manage some of her debt. She discusses her upbringing, financial challenges, and goals while Magda offers insights and strategies to help her improve her finances. The episode delves into methods for tracking spending habits, setting financial goals, and developing better money management practices to achieve financial stability. Magda also guides Brinker on creating a budget, prioritizing debt repayment, and implementing behavioral changes to curb impulsive spending. As mentioned by Sean, here is NerdWallet’s list of the best high-yield savings accounts: [https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts] (https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts) NerdWallet Advisory LLC (dba NerdWallet Advisors) is an SEC-registered investment advisor, and wholly owned subsidiary of NerdWallet, Inc. The advice provided in this episode of Smart Money was for illustrative purposes only and not intended as financial or investment advice specific to your personal facts or circumstances. In their conversation, the Nerds discuss: financial planning session, budgeting, debt management, savings, spending habits, financial goals, high yield savings accounts, ways to curb spending habits, financial planning session, how to manage debt effectively, strategies for paying off credit card debt, how to curb spending, budgeting apps, Uber Eats, Uber habits, splurging, what it’s like working with a financial advisor, impulse buying, lifestyle creep, money mindset, spending habits, financial goals, and actionable financial strategies. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

30 Dec 2024

34 MINS

34:41

30 Dec 2024

#481

Net Worth and Chill: How Your Wealth Measures Up and Vivian Tu’s Tips for Financial Success

Learn how to assess your net worth, compare it wisely, and build a financial strategy to meet your long-term goals. What is net worth, and how do you calculate it? How can you use it as a tool to set realistic financial goals? Hosts Sean Pyles and Sara Rathner discuss how to define and calculate net worth, why it’s normal to have a low or negative net worth in your 20s, and how it evolves over time. They begin with a discussion of why net worth matters, with tips and tricks on assessing your current assets and liabilities, identifying realistic financial benchmarks, and staying focused on personal goals instead of comparisons. Charlene, a listener from Texas, joins Sean and Sara to discuss comparing net worth to peers and using it as a motivational tool. They discuss how benchmarks vary by age and location, the difference between averages and medians, and practical ways to build wealth through strategic saving, retirement planning and investments. Charlene also shares her disciplined approach to saving and her aspirations for financial independence and an early retirement, and how net worth relates to her progress towards achieving her goals. Sean and Sara address the concept of net worth beyond just 401(k) balances and the potential pressure of societal expectations on financial milestones, with information that could serve as a guide for listeners aiming for similar goals. 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. Average net worth by age: how do you compare? [https://www.nerdwallet.com/article/finance/average-net-worth-by-age] (https://www.nerdwallet.com/article/finance/average-net-worth-by-age) In their conversation, the Nerds discuss: net worth calculator, how to calculate net worth, financial goals, comparing net worth, personal finance tips, saving for retirement, building wealth, assets and liabilities, financial health, financial planning, budgeting, emergency fund, retirement accounts, 401k savings, net worth benchmarks, wealth management, financial independence, passive income strategies, high-yield savings accounts, investment accounts, debt payoff, early retirement, net worth by location, financial comparisons, money mindset, wealth accumulation, understanding net worth, financial success, personal finances in your 20s, financial security, how to save money, financial tools, paying off loans, money management, financial literacy, personal savings, and long-term financial planning. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

26 Dec 2024

33 MINS

33:43

26 Dec 2024

#480

Deck the Bills: Smart Spending and Credit Tips for the Holidays

Learn how to avoid holiday shopping pitfalls and quickly improve your credit, with ideas for restoring your credit. How can you avoid overspending during the holidays? How can you can help your credit score recover after missed payments? Can rental payments be reflected on your credit reports? Hosts Sean Pyles and Sara Rathner discuss optimizing your financial habits during the holiday season and overcoming credit mishaps that could show up on your credit report. They begin with a discussion of impulsive holiday shopping, providing tips for intentional spending, minimizing waste, and prioritizing experiential gifts over material items. Then, NerdWallet credit writer Amanda Barroso joins Sean and Sara to discuss actionable strategies to help your credit score recover, including writing goodwill letters, disputing errors with credit bureaus, and improving payment consistency. They also explain how renters can report on-time payments to credit bureaus with free and low-cost services, tools like Experian Boost, and the importance of credit freezes for families. Missed a payment? Try writing a goodwill letter to remove it from your credit report. Here’s NerdWallet’s article on how to do it, along with a sample goodwill letter: [https://www.nerdwallet.com/article/finance/goodwill-letter] (https://www.nerdwallet.com/article/finance/goodwill-letter) How to dispute credit report errors: [https://www.nerdwallet.com/article/finance/dispute-credit-report] (https://www.nerdwallet.com/article/finance/dispute-credit-report) Real ways to improve your credit fast: [https://www.nerdwallet.com/article/finance/raise-credit-score-fast] (https://www.nerdwallet.com/article/finance/raise-credit-score-fast) NerdWallet’s guide to rent-reporting services: [https://www.nerdwallet.com/article/finance/rent-reporting-services] (https://www.nerdwallet.com/article/finance/rent-reporting-services) Here is a downloadable letter you can print and complete to send to TransUnion to request that they freeze your child’s credit: [https://www.nerdwallet.com/assets/blog/wp-content/uploads/2019/09/TransUnion_credit-freeze_fill.pdf] (https://www.nerdwallet.com/assets/blog/wp-content/uploads/2019/09/TransUnion_credit-freeze_fill.pdf) In their conversation, the Nerds discuss: how to improve credit scores, rent payment credit reporting, credit utilization, goodwill letter for credit report, holiday shopping tips, sustainable holiday spending, credit freeze for children, building credit with rent, free rent reporting services, how to dispute credit report errors, intentional spending habits, credit reporting tools, credit repair strategies, holiday budget tips, protecting your credit, identity theft prevention, actionable credit repair tips, credit myths busted, low-cost credit building tools, affordable rent reporting options, and the child credit freeze process. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

23 Dec 2024

31 MINS

31:21

23 Dec 2024

#479

Crush Debt or Grow Investments? How to Make the Best Choice for You

Learn how to tackle credit card debt, build savings, and decide between debt payoff and investing for financial growth. How can you pay off credit card debt faster and smarter? When should you prioritize paying off debt over investing your money? Hosts Sean Pyles and Sara Rathner discuss credit card payoff strategies and building an emergency fund to help you strengthen your financial security. They begin by talking to Adam, a Smart Money listener, who has questions about what to do with a windfall. They discuss options for paying down high-interest credit card debt, with tips and tricks on using balance transfers wisely, automating payments and reducing financial stress. They also discuss whether to prioritize debt payoff, fund investments or save for other financial goals — before getting into strategies for balancing long-term retirement planning, managing 0% APR debt effectively, and enjoying life without derailing financial progress. Then, host Elizabeth Ayoola and NerdWallet debt writer Tiffany Curtis join Sean to answer a listener’s question about loan payoff strategies while deciding when it’s better to focus on investing versus debt repayment. They explore the pros and cons of the snowball and avalanche debt payoff methods, how to calculate returns from paying down debt versus investing, and strategies for multitasking financial goals to build a stronger financial future. In their conversation, the Nerds discuss: paying off credit card debt, prioritize debt or investing, snowball vs avalanche method, balance transfer tips, high-interest credit cards, emergency fund savings, how to pay off debt, investing vs paying debt, debt payoff strategies, personal finance tips, managing debt, 0% APR credit card, financial windfall tips, credit card debt help, debt-free planning, emergency fund tips, investing basics, save for retirement, Roth IRA strategies, 457 retirement plan, credit card payoff calculator, budgeting for savings, automating finances, debt-free goals, financial security tips, financial planning for families, saving for college, 529 plan benefits, high-yield savings accounts, avoiding credit card interest, tips for financial independence, and when to invest. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

19 Dec 2024

25 MINS

25:33

19 Dec 2024

#478

Swindled or Safe? Improve Your Scam Awareness and Protect Your Finances

Learn how financial scammers exploit emotions and how you can protect your finances from their latest tactics. How can you protect your money from online scams? What steps can you take to safeguard yourself from financial deception? Hosts Sean Pyles and Anna Helhoski delve into the harrowing tale of Judith, a 79-year-old who fell victim to a sophisticated scam that led to the loss of nearly $600,000. Joined by Michelle Singletary, a personal finance columnist for the Washington Post, they unravel the tactics scammers use to prey on emotions and trust, emphasizing the importance of awareness and empathy in scam prevention. Then, Sean and Anna break down recent financial headlines, including updates on the Federal Reserve's interest rate decisions, the Consumer Financial Protection Bureau's new rule on overdraft fees, and the halted merger between Albertsons and Kroger. We're off next week, but you can follow our latest coverage on NerdWallet's financial news hub: [https://www.nerdwallet.com/h/news/financial-news] (https://www.nerdwallet.com/h/news/financial-news) In their conversation, the Nerds discuss: scam prevention, online scams, phone scams, scam awareness, financial fraud, scammer tactics, protecting your savings, scam victims, scammer manipulation, scam warning signs, elderly scam victims, scam support, scam protection tips, FBI impersonation scam, financial security, bank manager intervention, scam victim recovery, fraud prevention, scam prevention strategies, protecting retirement savings, scam red flags, scam recovery, scam education, online fraud, scam prevention awareness, and scam victim advocacy. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

18 Dec 2024

23 MINS

23:16

18 Dec 2024

#477

End-of-Year IRA Fixes Before Tax Time: Roth Contribution and Correction Strategies

Discover how to embrace “lazy” money management, maximize Roth IRA contributions and fix over-contribution mistakes. How can you passively grow your money? What should you do if you over-contribute to a Roth IRA? Hosts Sean Pyles and Sara Rathner discuss lazy money-management strategies and Roth IRA over-contribution fixes to help you stay on top of your finances with minimal effort. They begin with a discussion of "lazy" personal finance tips, with actionable advice on automating investments, leveraging savings buckets, and using target-date funds for hands-off financial growth. Then, investing expert Sam Taube joins Sara and co-host Elizabeth Ayoola to discuss managing Roth IRA contributions, especially for those who may have over-contributed. They explore strategies to fix over-contributions, steps for setting up a backdoor Roth IRA, and how to maximize retirement contributions before tax deadlines. Find your next Roth IRA account on our Investing Nerds’ list of the best Roth IRA accounts: [https://www.nerdwallet.com/best/investing/roth-ira-accounts] (https://www.nerdwallet.com/best/investing/roth-ira-accounts) See how your savings and investment account balances can grow with NerdWallet’s free compound interest calculator: [https://www.nerdwallet.com/calculator/compound-interest-calculator] (https://www.nerdwallet.com/calculator/compound-interest-calculator) Here is the IRS’ guide on the amount of Roth IRA contributions that you can make for 2024: [https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2024] (https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2024) In their conversation, the Nerds discuss: lazy money management, Roth IRA over-contribution, backdoor Roth IRA, automating investments, savings buckets, target-date funds, passive investing, retirement contributions, dollar-cost averaging, financial autopilot, how to fix Roth IRA over-contributions, Roth IRA contribution limit, personal finance podcast, investment mistakes, investing for beginners, retirement planning, retirement savings, tax penalties on Roth IRAs, how to manage finances, savings accounts strategy, budgeting tips, financial organization, avoiding Roth IRA penalties, fixing retirement account errors, best investment strategies, personal finance tips, financial independence, smart money management, lazy ways to save money, easy investment strategies, financial automation, retirement fund mistakes, high-yield savings accounts, joint accounts vs individual accounts, managing childcare expenses, CFP financial advice, IRA custodians, tax filing tips, maximizing retirement contributions, financial stress relief. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

16 Dec 2024

24 MINS

24:05

16 Dec 2024

#476

Cash or Mortgage? Navigating Home Equity and Title Agency Shopping

Learn how to think about major homebuying decisions like shopping for title agencies, managing home equity, and when to buy a house with cash. How do you choose the right title agency for your home purchase? Should you buy a house outright with your savings or take on a mortgage? Hosts Sean Pyles and Sara Rathner discuss the pros and cons of these key housing decisions to help you make smarter choices. They’re joined by housing Nerd Kate Wood to demystify title agencies, offering tips on what they do, how much they cost, and why most buyers don’t shop around for them. Then, they discuss the risks and benefits of tapping into home equity or using savings to buy a house outright. They explore strategies for weighing mortgage options, the importance of maintaining an emergency fund, and balancing emotional and financial goals when purchasing a home. In their conversation, the Nerds discuss: how to choose a title agency, title agency costs, home buying tips, home equity pros and cons, buy a house with cash, 30-year vs 15-year mortgage, home buying process, choosing a mortgage lender, title insurance explained, cash-out refinance risks, second mortgage benefits, HELOC vs home equity loan, using savings to buy a house, renting vs buying a home, home maintenance costs, decision fatigue home buying, choosing a home inspector, refinancing a mortgage, landlord responsibilities, real estate investment risks, rental property tips, financial planning for homeowners, managing multiple mortgages, budgeting for home repairs, lender requirements for second homes, emergency fund for homeowners, homeownership costs, advantages of 30-year mortgages, housing market advice, personal finance for homeowners, home loan options, home equity risks, leveraging home equity, and financial planning for buying a house. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

12 Dec 2024

33 MINS

33:06

12 Dec 2024

#475

Buy Now, Regret Later? Decoding BNPL and Layaway Payment Plans

Learn the pros and cons of layaway and Buy Now, Pay Later (BNPL) and how to choose the best option for holiday shopping. What is the difference between layaway and Buy Now, Pay Later (BNPL)? Which payment option is better for holiday shopping? Hosts Sean Pyles and Anna Helhoski discuss these two financing tools, how they work, and which might be the smarter choice for holiday shopping. Lauren Schwahn, a writer at NerdWallet who covers credit, debt, budgeting and money, joins Sean and Anna to break down the basics of layaway and BNPL, highlighting differences in payment timing, access to purchased items, and impact on credit. They also discuss when you’ll receive your item, the repayment timelines, potential fees for missed payments. why BNPL appeals to Gen Z, and how either option can fit into a shopper’s financial strategy. Plus: tips for avoiding pitfalls with BNPL, such as setting payment reminders and avoiding multiple loans. Then, Sean and Anna break down this week’s money headlines, including the latest jobs report, the CFPB’s crackdown on illegal junk fees, and the rise of market timing among investors. There are a lot of ways to invest money — high-yield savings accounts, CDs, bonds, funds and stocks are all options. To learn more, read NerdWallet's writeup on the best ways to invest money right now: [https://www.nerdwallet.com/article/investing/the-best-investments-right-now] (https://www.nerdwallet.com/article/investing/the-best-investments-right-now) In their conversation, the Nerds discuss: buy now pay later, BNPL pros and cons, layaway vs BNPL, holiday shopping tips, budget-friendly shopping, buy now pay later risks, layaway payment plans, how BNPL works, shopping on a budget, avoiding holiday debt, payment plan comparison, layaway benefits, BNPL for Gen Z, holiday financing tips, budgeting for big purchases, holiday shopping savings, credit impact of BNPL, layaway financing, BNPL fees, installment payment plans, choosing BNPL or layaway, holiday gift financing, Klarna, Afterpay guide, Affirm payment plans, layaway history, BNPL for beginners, managing BNPL loans, credit card vs BNPL, smart financing options, how to use layaway, BNPL payment reminders, financing options for gifts, and understanding BNPL terms. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

11 Dec 2024

16 MINS

16:14

11 Dec 2024

#474

Smart Mortgage Strategies: From Refinancing to HELOC

Learn how to refinance your mortgage, manage credit card debt, and navigate home equity with practical tips and strategies. When is the right time to refinance a mortgage? How can you use a HELOC or home equity to your advantage? Hosts Sean Pyles, freshly returned from time off to focus on the CFP exam, and Sara Rathner discuss mortgage refinancing, home equity, and credit card debt management to help you make smarter financial decisions. But first, they share an update on Sean’s CFP journey and discuss what to do about recent changes in interest rates, including how they may impact your finances and how you can proactively respond to them. Then, mortgage Nerd Kate Wood joins Sean and Sara to discuss mortgage refinancing, sharing tips on determining the best time to refinance, understanding the costs, and calculating the break-even point. They also discuss HELOCs and home equity, exploring when to lock in a HELOC rate, the difference between paying down and paying off a HELOC, and practical ways to decide whether a HELOC or refinance is the better choice for your situation. Learn more about refinancing a car loan in NerdWallet’s writeup here: [https://www.nerdwallet.com/article/loans/auto-loans/how-to-refinance-your-car-loan] (https://www.nerdwallet.com/article/loans/auto-loans/how-to-refinance-your-car-loan) Use NerdWallet’s free mortgage refinance calculator to determine if refinancing can help you achieve your financial goals: [https://www.nerdwallet.com/calculator/refinance-calculator] (https://www.nerdwallet.com/calculator/refinance-calculator) To help you choose among mortgage lenders, NerdWallet’s editorial team has picked some of the best in a variety of categories to help you find the home loan that's right for you: [https://www.nerdwallet.com/best/mortgages/mortgage-lenders] (https://www.nerdwallet.com/best/mortgages/mortgage-lenders) In their conversation, the Nerds discuss: interest rates, mortgage refinancing, mortgage refinance calculator, HELOC vs refinance, CDs, home equity loan, refinance costs, refinance tips, refinance break-even point, HELOC rate lock, HELOC payoff, refinancing options, how to refinance your mortgage, refinancing costs, refinancing calculator, mortgage tips, HELOC draw period, refinancing with low equity, credit card payoff strategies, refinancing pros and cons, refinancing 101, mortgage refinance tips, home equity explained, refinancing vs HELOC, mortgage interest rates, refinancing advice, HELOC tips, home equity advice, refinancing myths, how to save on refinancing, mortgage payment calculator, home equity tips, refinancing calculator tips, refinancing interest rates, managing credit card debt, debt payoff strategies, refinancing strategies, HELOC strategies, and what is a home equity line of credit. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

09 Dec 2024

33 MINS

33:30

09 Dec 2024

#473

How You Could Grow $26K to $44K in 7 Years: Smart Strategies to Try

Learn how to diversify investments, leverage tax-advantaged accounts, and set realistic goals for long-term financial growth. How can you diversify your investment portfolio and reduce risk? What are the best ways to save and grow $44,000 in seven years? Hosts Sean Pyles and Sara Rathner discuss investment strategies and realistic goal setting to help you make smarter financial decisions. They begin by sharing a discussion of tax-advantaged accounts featuring Investing Nerd Alana Benson, with tips and tricks on understanding Roth IRAs and 401(k)s, leveraging employer matching, and choosing the right accounts for your needs. Alana also discusses how you can diversify investments for stability, why index funds can reduce risk, and the importance of knowing your timeline for financial goals. Then, Sean and Sara are joined by their co-host Elizabeth Ayoola to answer a listener’s question about how they can grow their investment portfolio to save $44,000 in seven years. The hosts explore strategies for diversifying investments, managing risk, and setting realistic financial goals, providing actionable advice on using tools like index funds, robo-advisors, and high-yield savings accounts. They also discuss the risks of undiversified portfolios and how to align investments with specific timelines and goals. Use NerdWallet’s free investment calculator to estimate how much your investments or savings will compound over time, based on factors like how much you plan to save or invest, your initial deposit and your expected rate of return: [https://www.nerdwallet.com/calculator/investment-calculator] (https://www.nerdwallet.com/calculator/investment-calculator) In their conversation, the Nerds discuss: how to diversify investments, investment risk management, Roth IRA vs traditional IRA, compound interest, index funds vs ETFs, tax-advantaged accounts, high-yield savings accounts, how to start investing, passive vs active investing, portfolio diversification, stock market basics, understanding 401(k) matching, investment calculators, robo-advisors, benefits of ETFs, how to manage investment risks, tax benefits of retirement accounts, how to set financial goals, saving for retirement tips, investment timeline strategies, benefits of index funds, investing in the S&P 500, how to balance risk in investments, savings account vs investment, building an emergency fund, how to invest with a 7-year timeline, tips for financial planning, saving vs investing, maximizing returns in a short timeframe, avoiding familiarity bias in investing, pros and cons of day trading, why passive investing works, realistic investment goals, investment options for beginners, risk of single-stock investments, and compound interest benefits for young investors. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

05 Dec 2024

30 MINS

30:01

05 Dec 2024

#472

Tariff Talk: What Trade Policies Could Mean for Your Budget

Learn how tariffs affect prices, inflation, and manufacturing, plus tips to prepare for potential new economic changes. What are tariffs, and how do they affect your wallet? What would President-elect Donald Trump’s proposed tariffs mean for consumers, the economy, and inflation? Hosts Sean Pyles and Anna Helhoski dive into the complexities of tariffs, unpacking their potential impact on prices, supply chains, and domestic manufacturing. They begin with a breakdown of what tariffs are, why they exist, and how they’ve historically influenced U.S. trade policy. Along the way, they share insights on navigating rising costs, understanding the global supply chain, and the inflationary effects of tariffs. In the second half of the episode, Sean and Anna cover the latest money headlines, including trends from Black Friday and Cyber Monday spending, predictions for a potential “Santa Claus rally” in the stock market, and a new survey revealing Americans’ views on financial success. 8 Last-Minute Christmas Vacations to Book in the U.S. [https://www.nerdwallet.com/article/travel/christmas-travel-destinations] (https://www.nerdwallet.com/article/travel/christmas-travel-destinations) In their conversation, the Nerds discuss: what are tariffs, how tariffs work, tariffs and inflation, Trump tariff plans, supply chain tariffs, inflation and tariffs, trade policy impact, tariffs on imported goods, global supply chain issues, consumer price increases, manufacturing tariffs, economic impact of tariffs, U.S. trade policy, Black Friday spending trends, Santa Claus rally stock market, tariffs on Canada Mexico China, global trade tariffs, tariffs and manufacturing, economic inflation causes, tariff history in the U.S., import taxes, Trump trade policies, price increases on goods, supply chain disruptions, manufacturing challenges, economic recession fears, holiday spending trends, U.S. exports, and international trade. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

04 Dec 2024

14 MINS

14:13

04 Dec 2024

#471

Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

Learn how to maximize Southwest Companion Pass benefits and how to plan effective charitable giving to make your donations count. How can you get and use the Southwest Companion Pass? What’s the best way to plan charitable giving to make the most impact? Hosts Sean Pyles and Sara Rathner discuss travel savings and effective philanthropy to help you understand how to maximize rewards and make thoughtful donations. Sean begins by talking to travel Nerds Meghan Coyle and Sally French to discuss the Southwest Companion Pass, with tips and tricks on earning it through points and flights, timing it for maximum value, and using it strategically for travel savings. Then, Sean and Sara talk to Grace Nicolette, Vice President at the Center for Effective Philanthropy, about planning and optimizing your charitable giving. They discuss how to align donations with personal goals, avoid common pitfalls like over-focusing on nonprofit overhead costs, and ensure your contributions have a meaningful impact. More information on how to earn the Southwest Companion Pass and which credit cards might help you earn it: [https://nerdwallet.com/southwest] (https://nerdwallet.com/southwest) . In their conversation, the Nerds discuss: Southwest Companion Pass strategy, charitable giving tips, holiday travel tips, maximizing travel rewards, effective philanthropy, Giving Tuesday ideas, Southwest Airlines perks, earning travel points, best travel credit cards, Companion Pass requirements, year-round giving strategies, maximizing donations, family travel savings, tax-deductible donations, nonprofit giving tips, planning holiday flights, Companion Pass benefits, travel rewards strategies, frequent flyer perks, credit card offers, holiday travel deals, donor best practices, saving on flights, using credit card rewards, domestic travel discounts, maximizing nonprofit impact, and credit card signup bonuses. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

02 Dec 2024

33 MINS

33:19

02 Dec 2024

#470

From Eggflation to Ghost Jobs: Roasting 2024’s Biggest Financial Turkeys

Celebrate 2024’s Financial Turkeys as we spotlight the year's biggest money blunders and share tips to avoid them yourself. Why are grocery prices so high in 2024? What are ghost jobs and how do they affect job seekers? Hosts Sean Pyles and Sara Rathner roast the year’s “Financial Turkeys” (pun intended), spotlighting the biggest money misfortunes of 2024 and offering listeners a chance to commiserate over shared financial frustrations. They share their own takes on this year’s financial flops and invite listeners to reflect on how these issues have affected their lives, turning financial woes into a shared laugh or sigh of relief. Sign up for your free credit score and get credit-building insights personalized to you when you register at [https://nerdwallet.com] (https://nerdwallet.com) . In their conversation, the Nerds discuss: grocery inflation, ghost jobs, rising food prices, fake job postings, job market trends, financial blunders, job hunting frustrations, eggflation, financial commiseration, high grocery costs, job market challenges, fake job ads, grocery shopping struggles, and rising costs of food. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

28 Nov 2024

14 MINS

14:43

28 Nov 2024

#469

Santa’s New Helper: How AI Can Help You Wrap Up Your Holiday Shopping

Learn how AI tools can help you brainstorm personalized gift ideas, compare options, and simplify your holiday shopping. How can AI help you save time and money? Should you trust AI for gift-giving advice? Hosts Tess Vigeland and Anna Helhoski explore how artificial intelligence tools like ChatGPT can streamline holiday shopping. Joined by NerdWallet experts Amanda Barroso and Kurt Woock, they offer actionable tips for integrating AI into your shopping routine while staying cautious about its limitations. They discuss how AI can generate gift ideas tailored to your budget and preferences, provide practical starting points for decision-making, and even organize comparisons in easy-to-read formats. In addition to the AI discussion, Tess and Anna recap the latest financial headlines, including the upcoming Black Friday Amazon worker strikes, the surprising drop in Thanksgiving dinner costs this year, and a rise in existing home sales as mortgage rates decline. In their conversation, the Nerds discuss: holiday shopping, AI shopping tools, Black Friday shopping, shopping with ChatGPT, using ChatGPT for holiday gift ideas, AI gift recommendations, online shopping, Christmas shopping, holiday sales, AI-generated gift ideas, personalized gift ideas, AI holiday planning, smart shopping with AI, time-saving holiday tips, and AI-driven gift ideas. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

27 Nov 2024

19 MINS

19:17

27 Nov 2024

#468

Boost Your Income and Career: Negotiating Salary, Navigating Promotions and More

Discover career growth strategies to boost your income, including negotiating raises, and navigating career growth and mentorship. What are some of the best ways to increase your income? What are strategies for negotiating a higher salary and excelling in your current role? Hosts Sean Pyles and Alana Benson discuss career growth techniques and salary negotiation strategies to help you understand how to maximize your earnings and achieve financial stability. They begin with a discussion of the importance of increasing your income rather than solely focusing on cutting expenses, breaking down the long-term financial difference that seemingly small increases in your income can make over the course of your career. Then, “The Job Doctor” Tessa White joins Alana to discuss how to excel in your current role and position yourself for promotions and raises within an organization. They discuss the necessity of understanding the true expectations of your role, measuring your contributions through tangible metrics and effectively communicating your value to your organization. Additionally, they explore the importance of informal mentorship and how to enhance your skills by observing and learning from those who excel in specific areas. In their conversation, the Nerds discuss: career strategies, income potential, salary negotiation, financial stability, career growth, job market, financial future, career success, career advancement, career coaches, raise negotiations, job offers, informal mentorship, skill enhancement, job promotion, financial goals, earnings increase, career metrics, value proposition, workplace visibility, career mentors, market value, career coach, industry experience, job stability, promotion strategies, income jump, salary bump, corporate growth, financial planning, income investment, and company red zones. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

25 Nov 2024

29 MINS

29:58

25 Nov 2024

#467

Maximizing Employer-Provided Perks: A Guide to Your Benefits

Understand employer-provided benefits, from dental and vision coverage to more unique perks like legal assistance. In the third and final episode of our special series on open enrollment, hosts Sean Pyles and Liz Weston discuss the various benefits that employers offer during open enrollment season aside from health insurance. Liz speaks with Amber Clayton (Society for Human Resource Management) about dental and vision coverage, long-term care insurance, pet insurance, legal assistance, adoption assistance, gym memberships, mental health benefits, and more. They offer tips for preparing for open enrollment and provide statistics on how common it is for certain benefits to be offered. In their conversation, the Nerds discuss: employer-provided benefits, benefits packages, Society for Human Resource Management (SHRM), open enrollment season, dental coverage, vision coverage, ACA Marketplace, healthcare.gov, supplemental coverage, long-term care options, gym memberships, mental health benefits, employee benefits, pet insurance, in-network providers, health insurance, dental and vision insurance, financial planning, legal assistance, employee assistance programs, financial wellness, tuition assistance, adoption assistance, student loan reimbursements, 529 plan payroll deductions, company swag, free snacks, matching charitable contributions, and employee retention and recruitment. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

21 Nov 2024

30 MINS

30:26

21 Nov 2024

#466

Prediction Markets Let You Bet on Just About Anything — But There Are Risks

Learn how prediction markets work, the legal gray areas in which they operate, and how they could be regulated in the future. What are prediction markets like PredictIt, Polymarket and Kalshi, and how do they work? Is it legal to bet on elections in the United States? Hosts Tess Vigeland and Anna Helhoski welcome Sam Taube, the writer of the Nerdy Investor email newsletter, to break down how event contracts operate, explore the legal gray areas of election betting, and discuss whether prediction markets are a smart financial move—or just gambling in disguise. Then, Tess and Anna break down this week’s money headlines, including the latest inflation figures and what they mean for interest rates, the CFPB’s plan to enforce new click-to-cancel subscription rules, and Spirit Airlines’ Chapter 11 bankruptcy filing. In this episode, the Nerds discuss: how prediction markets work, betting on elections, event contracts explained, investing vs gambling, election betting legality, gambling vs investing, Commodity Futures Trading Commission, event contracts legality, prediction market regulation, prediction markets news, event contracts explained simply, and Consumer Price Index. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

20 Nov 2024

15 MINS

15:35

20 Nov 2024

#465

Online Banking vs Neobanks: Understand FDIC Safety and Protect Your Money

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Learn how to distinguish neobanks from traditional banks, understand FDIC insurance, and get tips for affordable holiday hosting. What is the difference between a neobank and a traditional bank? Is my money safe in an online bank or neobank? Hosts Sean Pyles and Sara Rathner discuss how to distinguish a neobank from a traditional bank and ways to safeguard your savings, helping you understand what to look for in financial institutions. But first, they begin with a discussion of affordable holiday hosting, with tips and tricks on hosting a potluck, budgeting for extra food, and setting boundaries with overnight guests. Then, NerdWallet banking expert Spencer Tierney joins Sean and Sara to discuss the ins and outs of online banks and neobanks. They discuss how FDIC insurance works, what to look for in a neobank’s fine print, and the potential risks of using a neobank. Check out this episode on your favorite podcast platform, including: --- [Apple Podcasts] (https://itunes.apple.com/us/podcast/nerdwallets-moneyfix-podcast/id1256091892) --- [Spotify] (https://open.spotify.com/show/7tdmPrqC6gdExYaAQePxkY?si=G_DZgqfORriJVOUx5Z4gVg&dl_branch=1&nd=1) NerdWallet stories related to this episode: [8 Best Online Checking Accounts of 2024] (https://www.nerdwallet.com/best/banking/online-checking-accounts) [How to Open a Bank Account Online in 4 Steps] (https://www.nerdwallet.com/article/banking/open-bank-account-online) [Best Free Checking Accounts of 2024] (https://www.nerdwallet.com/p/best/banking/free-checking-accounts) Have a money question? Text or call us at 901-730-6373. Or you can email us at [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . To hear previous episodes, go to the [podcast homepage.] (https://www.nerdwallet.com/h/smart-money-podcast/podcast-home) ... Read more

18 Nov 2024

26 MINS

26:57

18 Nov 2024

#464

Preparing for Worst-Case Scenarios: Choosing the Right Insurance Policy to Protect Your Income

It's open enrollment season, and a great time to explore coverage options to protect your income, such as life insurance and disability insurance. Hosts Sean Pyles and Liz Weston discuss the importance of insurance coverage, highlighting statistics around how many people are underinsured or lack adequate coverage. To dive deeper into different types of coverage, Liz welcomes Insurance Nerd Ryan Brady and John Ryan, founder and CEO of Ryan Insurance Strategy Consultants, to explain various types of insurance. In this episode, they talk about life insurance, accidental death and dismemberment insurance (AD&D) insurance, and disability insurance, and explore the nuances of employer-provided life insurance and supplemental insurance. Plus: the complexities of disability insurance, comparing short-term and long-term coverage, and the interplay between employer-provided disability insurance, individual disability insurance, workers' compensation, and Social Security. Use NerdWallet's free life insurance calculator to figure out how much life insurance you need: https://www.nerdwallet.com/article/insurance/how-much-life-insurance-do-i-need In their conversation, the Nerds discuss: life insurance, disability insurance, workplace benefits, financial needs, income protection, supplemental insurance, accidental death and dismemberment insurance (AD&D), disability coverage, short-term disability, long-term disability, employer-provided disability insurance, choosing an insurance policy, workers' compensation, Social Security, insurance complexities, income safeguards, accidental death insurance, dismemberment insurance, critical illness insurance, hospital indemnity coverage, and pre-existing conditions clauses. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

14 Nov 2024

37 MINS

37:04

14 Nov 2024

#463

Navigating Life Insurance Choices: Investing, Variable Policies, and Financial Growth

Explore life insurance as an investment tool, understand variable and infinite banking, and consider complex insurance choices. What’s the right life insurance policy for you? What is “infinite banking” and how hard is it to set up? Hosts Sean Pyles and Sara Rathner discuss the intricacies of life insurance as both a protective measure and a financial instrument to help you understand its potential for investment and financial growth. NerdWallet insurance pro Lisa Green joins Sean and Sara to explain term life insurance and more complex life insurance options, such as variable life insurance, and the concept of “infinite banking.” They discuss the nuances of investing extra money into the cash value of a permanent life insurance policy, highlighting guaranteed interest rates versus market risks, and who might benefit from these types of policies. Additionally, they delve into the infinite banking concept, explaining how it works, the financial discipline it requires, and potential pitfalls. This episode is designed to help listeners navigate their life insurance choices and create a balanced financial plan. In their conversation, the Nerds discuss: term life insurance, permanent life insurance, life insurance investment, life insurance premiums, variable life insurance, infinite banking, cash value life insurance, life insurance strategies, life insurance options, term vs permanent life insurance, life insurance costs, life insurance benefits, financial planning, life insurance risks, borrowing against life insurance, financial growth, investing in life insurance, high-yield investments, insurance market risks, life insurance for smokers, funeral expense insurance, and financial security. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

13 Nov 2024

25 MINS

25:30

13 Nov 2024

#462

Trump’s Economic Playbook: Get Clarity on Inflation, Taxes, and More

Learn how Donald Trump's economic plans could influence inflation, taxes, and your finances as he prepares to enter a second term in office. How will Donald Trump's economic policies affect inflation and prices? What impact could Trump's tax plans have on Americans’ finances? In a special edition of Money News, hosts Tess Vigeland and Anna Helhoski dive into the financial implications of President-elect Donald Trump's return to the White House. They unpack Trump's proposed economic agenda, covering key areas like inflation, tariffs, taxes, and interest rates, and examine what these could mean for the American economy and your wallet. They also discuss what his policies on energy production, housing, and immigration could mean for your finances. Stay up to date with the latest financial news from NerdWallet: [https://www.nerdwallet.com/h/news/financial-news] (https://www.nerdwallet.com/h/news/financial-news) In today’s episode, the Nerds discuss: Trump economic policies, Trump inflation plan, Trump tax cuts, taxes, Trump tariffs,Trump interest rates, Trump and the Federal Reserve, inflation under Trump, Trump fiscal policy, tax cuts under Trump, how tariffs could impact consumers, Trump financial promises, economic impact of Trump policies, how tariffs affect prices, Trump credit card interest cap, consumer prices, and fiscal policy changes in the US. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

11 Nov 2024

15 MINS

15:56

11 Nov 2024

#461

Open Enrollment: Choosing a Healthcare Plan (HMO, PPO, FSA, HSA, HDHP and More)

Expert Nerds talk through the complexities of open enrollment, starting with ways to assess healthcare plans and costs. This episode takes a deep dive into specific terminology and scenarios relevant to choosing health insurance coverage. Hosts Sean Pyles and Liz Weston start with an overview of open enrollment period timelines for November and December 2023 before welcoming guest Nerd Kate Ashford to explain deductibles, premiums, HMOs, PPOs and HDHPs. Then, NerdWallet’s Tina Orem joins the show to discuss the pros and cons of high deductible plans and the intricacies of Health Savings Accounts (HSAs) and both Medical and Dependent Care Flexible Spending Accounts (FSAs). In the second half of this episode, she zeroes in on selecting optimal health insurance for individual needs, discussing the merits and disadvantages of different health plans, budgeting for healthcare, and how to compare the benefits of an FSA and an HSA. In their conversation, the Nerds discuss: open enrollment, health insurance options, healthcare choices, high deductible plans, premiums, health savings accounts (HSAs), flexible spending accounts (FSAs), optimal health insurance, HMOs, PPOs, HDHPs, health insurance budgeting, FSA vs HSA, the use it or lose it rule, health insurance decision-making, health insurance terminology, healthcare strategies, health plan selection, medical costs, and types of health insurance coverage. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [podcast@nerdwallet.com] (mailto:podcast@nerdwallet.com) . Like what you hear? Please leave us a review and tell a friend. ... Read more

07 Nov 2024

32 MINS

32:59

07 Nov 2024

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#485

From Meme Stocks to Index Funds: A 2025 Investing Guide

#484

Stop Scrolling, Start Saving: Better Habits and Budgets for 2025

#483

Regret Less, Save More: How to Make Smarter Money Moves in 2025

#482

Live Financial Planning Session: Expert Budgeting and Spending Tips

#481

Net Worth and Chill: How Your Wealth Measures Up and Vivian Tu’s Tips for Financial Success

#480

Deck the Bills: Smart Spending and Credit Tips for the Holidays

#479

Crush Debt or Grow Investments? How to Make the Best Choice for You

#478

Swindled or Safe? Improve Your Scam Awareness and Protect Your Finances

#477

End-of-Year IRA Fixes Before Tax Time: Roth Contribution and Correction Strategies

#476

Cash or Mortgage? Navigating Home Equity and Title Agency Shopping

#475

Buy Now, Regret Later? Decoding BNPL and Layaway Payment Plans

#474

Smart Mortgage Strategies: From Refinancing to HELOC

#473

How You Could Grow $26K to $44K in 7 Years: Smart Strategies to Try

#472

Tariff Talk: What Trade Policies Could Mean for Your Budget

#471

Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

#470

From Eggflation to Ghost Jobs: Roasting 2024’s Biggest Financial Turkeys

#469

Santa’s New Helper: How AI Can Help You Wrap Up Your Holiday Shopping

#468

Boost Your Income and Career: Negotiating Salary, Navigating Promotions and More

#467

Maximizing Employer-Provided Perks: A Guide to Your Benefits

#466

Prediction Markets Let You Bet on Just About Anything — But There Are Risks

#465

Online Banking vs Neobanks: Understand FDIC Safety and Protect Your Money

#464

Preparing for Worst-Case Scenarios: Choosing the Right Insurance Policy to Protect Your Income

#463

Navigating Life Insurance Choices: Investing, Variable Policies, and Financial Growth

#462

Trump’s Economic Playbook: Get Clarity on Inflation, Taxes, and More

#461

Open Enrollment: Choosing a Healthcare Plan (HMO, PPO, FSA, HSA, HDHP and More)