DiscoverHow to MoneyTax Tips, Credits, and Deductions #053
Tax Tips, Credits, and Deductions #053

Tax Tips, Credits, and Deductions #053

Update: 2019-01-166
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Should you itemize your deductions or take the new increased standard deduction this tax season? Answer carefully as thousands of dollars could be on the line! Most folks will opt for hitting the easy button and take the standard deduction- however if you own a house, had some big medical bills last year, and gave money to charity, you should consider itemizing! Listen as we cover it in more detail, plus we break down the best way to make the most of your deductions through bunching. We also touch on tax credits- how they’re different than deductions and some big ones that everyone should consider!

During this episode we enjoyed a Dark Reckoning by Morgan Territory Brewing which you can find and learn all about on Untappd. A big thanks to Brent in California for sending us some delicious beers! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts, Castbox, or wherever you get your podcasts- we’d love to hear from you.

Best friends out!

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Introducing How to Money

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Aren’t Wills for Old People? #042

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All About That Peace Out Money #041

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Jumping on a Low Cost Cell Phone Plan #040

2018-10-1000:38:273

How to Save on a Phone Upgrade #039
The newest iPhones that were just released are anywhere from $1,000 to $1,500 - that is a ton of money!!! With all the different functions and duties that our smartphones are able to perform, it’s no surprise that the prices are continuing to climb but don't pay full price! Regardless if you’re getting the latest and greatest iPhone release, or if you’re buying last year’s Moto, you want to be getting a deal. In this episode we cover a bunch of different ways to save on your phone upgrade including where and when to buy, how to easily reset your phone of personal information before selling it, and some alternatives to getting a new phone altogether!And at the beginning of this episode we enjoyed a French Oak Saison by New Belgium which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

How to Save on a Phone Upgrade #039

2018-10-0300:42:582

You Need to Freeze Your Credit! #038
After the Equifax data breach where 148 million people’s personal information was compromised, it's especially easy to see how vulnerable we are as consumers. So now more than ever, is the time to freeze your credit! A new federal law has made it completely free to freeze and thaw your credit, so you don't have any more excuses. In this episode we talk about why this is so important, we cover what a freeze does (and what it doesn't do), and then we tell you exactly how to do it. Seriously it's so incredibly easy that it shouldn't take you more than about 5 minutes from start to finish!And at the beginning of this episode we enjoyed a Focal Banger by the Alchemist which you can find and learn all about on Untappd. A huge thanks to our friend and pastor Matthew for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

You Need to Freeze Your Credit! #038

2018-09-2600:35:191

Timing the Stock Market #037
You feel rich! The stock market is up and you might be wondering if now is the time to sell. Even if you don’t keep up with any financial news, you’ve likely heard how we’re in the longest running, bull market in US history. Your investment portfolio is looking pretty fat because you’ve purchased low and now it’s time to sell high- that’s how the old adage goes right? Or at the very least maybe you shouldn’t continue to invest because we’re at the peak, the top of the market, right? But then there is this thing called dollar cost averaging that you know deep down, is probably what you should be doing. Listen as we break it all down and discuss whether or not you should time the stock market.And at the beginning of this episode we enjoyed an Über Quench'l by Heist Brewery which you can find and learn all about on Untappd. A huge thanks to Kevin in North Carolina for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Timing the Stock Market #037

2018-09-1900:34:16

Lesser Known Credit Card Benefits #036
Let's talk about lesser known credit card benefits! Did you know that with a credit card you might already use, you have access to $600 worth of cell phone insurance that is already baked into the card? Or that some credit cards will reimburse you up to $500 if something you purchased drops in price and you make a claim within 90 days? There are countless hidden benefits that credit cards offer- and you need to know they even exist before you can benefit from them so be sure to have a listen!And at the beginning of this episode we enjoyed a Thunder Thief by Atlanta Brewing Company (formerly Red Brick Brewing) which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Lesser Known Credit Card Benefits #036

2018-09-1200:44:001

Creating a Dope Side Hustle #035
Who doesn’t want to earn more money?! In a time where we’ve seen wage growth stagnation, workers want to make more or in some cases, they can’t seem to get out of the cycle of living from paycheck to paycheck. Side hustles are the answer! There are lots of pros and cons which we cover, but not all side hustles are created equal. In our new sharing or gig economy, oftentimes the default response to just go drive for Uber or Lyft, or even charge Bird scooters- but we argue that these are dead end ‘hustles’ and aren’t much better than punching the clock at a traditional job. Listen to the entire episode as we list some options and discuss what a better, scalable side hustle looks like.And at the beginning of this episode we enjoyed a Tears of My Enemies by Monday Night Brewing which you can find and learn all about on Untappd. A huge thanks to the guys over at MNB for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Creating a Dope Side Hustle #035

2018-09-0500:45:077

Cutting Your Grocery Bill Like Crazy #034
Americans spend WAY too much on groceries! After housing and transportation, we spend more money on food than anything else- close to 15% of our expenses. On a recent episode Matt mentioned how his family eats on $1 per person per meal, and so we figured it was time to spend an entire episode discussing how you can cut your grocery bill like crazy! If you’re not really into cooking we give some very easy and helpful tips that you can start trying out today, but we also talk about some more advanced and cost savings ways of putting meals together if you’re ready to take it to the next level.And at the beginning of this episode we enjoyed a Darkness by Surly Brewing Company which you can find and learn all about on Untappd. A huge thanks to listener Mike in Minnesota for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Cutting Your Grocery Bill Like Crazy #034

2018-08-2900:56:466

Is Financial Independence a Good Goal? #033
Financial independence - what does that even mean and should you be pursuing it?! Chances are you've heard us mention it before on the show, but we finally dedicate an entire episode to what financial independence is all about. We also discuss what it's NOT all about. For instance, is retirement the same thing as financial independence? Be sure to listen to the entire episode and you'll be able to easily calculate when you'll be financially independent.And at the beginning of this episode we each enjoyed a Wind in the Willows by Wild Mind Artisan Ales which you can find and learn all about on Untappd. A huge thanks to listener Mike in Minnesota for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Is Financial Independence a Good Goal? #033

2018-08-2200:48:301

Listener Question: Life Insurance #032
Nobody ever talks about life insurance, so naturally, we’re doing an episode on it! While likely the least sexy aspect of personal finance, it’s incredibly important- especially if you have loved ones who are dependent on you, and the income you earn. This week we’re answering a listener’s question as he specifically asks if he has enough life insurance in place, as well as how important is his age when it comes to his annual premiums. These are some awesome questions (thanks Josh) so listen to the entire episode to hear our thoughts on life insurance!And at the beginning of this episode we each enjoyed an Intergalactic Juice Hunter which you can find and learn all about on Untappd. A huge thanks to listener Carl for doing a beer trade with us! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Listener Question: Life Insurance #032

2018-08-1500:47:14

You Gotta Invest in what You Know #031
We talk a lot about real estate investing on the show. However, if that’s not your thing then don’t worry about real estate- it is not necessary to build wealth. Just be sure that you’re investing somewhere, in something, and it’s so important that you invest in what you know! In this episode we cover some alternative ways to invest your money, as a way to get you thinking creatively and strategically when it comes to investing so that you can earn over 10% while feeling more fulfilled at the same time. Listen to the full episode to get inspired! However, if you find that you don’t currently have the time or ability to take on these alternative methods, at the very least you can start with traditional investing which you can easily learn all about in Episode 9: Retirement Investing is Simpler than You Think.And at the beginning of this episode we each enjoyed a Plank’d by Avery Brewing Company which you can find and learn all about on Untappd. A massive thanks to Avery for donating this massive beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

You Gotta Invest in what You Know #031

2018-08-0800:51:571

Your House is an Awful Investment #030
“Don’t rent, you’re just throwing away money. Buy a house instead, it’s a great investment!” - says almost everyone who purchases a home. It’s often accepted as a gospel truth that purchasing a home as a primary residence is always a great investment. This is just not true. We promise you, unless you’re house hacking, chances are your house makes an awful investment. It could possibly be a good lifestyle choice, maybe a great decision for you and your family, or perhaps you're getting a great deal, but that doesn’t mean you should consider it to be a great investment. In this episode, we cover all the different reasons why your primary residence is an awful investment, and then we also give some tips to consider to make your home a ‘less bad’ investment.And at the beginning of this episode we enjoyed a Rueuze (2015) by Bruery Terreux which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Your House is an Awful Investment #030

2018-08-0100:54:103

The Scoop on Micro Investing Apps #029
Micro investing apps- you know they exist but now its time to learn what they're all about and whether or not you should be doing it. These apps are amazing in that they can get people investing and saving money in mere minutes. But then there are the downsides. For instance, is the accessibility and ease of use of these apps worth the risk of reacting to financial news and what the market is currently doing? Listen as we discuss some of our favorite apps, go over the pros and cons, and cover who we think would benefit the most from micro investing apps.And at the beginning of this episode we each enjoyed a Wandering Blues by Orpheus Brewing which you can find and learn all about on Untappd. A huge thanks to Orpheus Brewing for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

The Scoop on Micro Investing Apps #029

2018-07-2500:48:182

Frugality Gives You Options #028
The only way you can save MORE money is by either earning more, or by spending less- and spending less (aka frugality), is a much smarter decision! Don’t be tempted to just work harder and earn more money, because as soon as you stop working, your income stops! Frugality is the better answer. It isn’t restricting, keeping you from spending money on the things you love to do. Instead it’s freeing, and it is all about consciously deciding to not spend money on the things you don’t love, in order to give you the ability to spend money on the things you do love to do, whether now or off in the future!At the beginning of this episode we popped open a Drie Fonteinen Oude Kriek, which Joel picked up during his recent trip to Europe. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Frugality Gives You Options #028

2018-07-1800:59:35

What Makes a Good Rental Property #027
Not all rental properties are created equally- and we’re not just talking about how well they’re built! There are a number of factors to keep in mind when you’re considering purchasing different properties as potential rentals. In this episode we talk about finding a good deal on a property and then we cover our favorite criteria that we like to use to filter out those good deals. We also spend some time talking about the 1% rule and if we feel it’s even still relevant in a hot housing market!At the beginning of this episode we both enjoyed a beer by Borg Brugghús called Garún Nr. 19, which is an Icelandic Stout. This beer was donated by listeners, so a special thanks to our friends Michelle and Jenn for supporting us! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

What Makes a Good Rental Property #027

2018-07-1100:52:232

The 4th of July! #026
For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

The 4th of July! #026

2018-07-0400:04:39

Listener Question: Saving for My Kid's College #025
This is our first ever listener question that we've addressed on the show - from Mark: “I was wondering about your thoughts on saving for a child’s education. My wife and I both work at colleges (she’s a professor, I’m a counselor) and we’re actually not sure what college will look like in 15 years and what the value proposition will be. Also will our kid(s) even want to go to college? We haven’t made decisions on a 529 or other account but starting to have the discussion. Thanks, fellas!” Mark is asking all the right questions and this was a great excuse for us to cover an important topic.In this episode we cover some of the pros/cons of 529 plans, discuss how you should prioritize saving for your kid's college in relation to saving for your own retirement, cover some alternative views on college, and then we share whether or not we're planning to save for our own kid's college.At the beginning of this episode we popped open and enjoyed a Champs de Fraises by Firestone Walker, a barrel aged wild ale fermented with strawberries, which you can learn all about on Untappd. A special thanks to our friend Josh for donating this beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Listener Question: Saving for My Kid's College #025

2018-06-2700:51:20

How to Give Away Your Money #024
You’ve worked hard for your money, so you should be able to keep every, single, penny. Right?! Well, aside from taxes, you have every legal right to keep your money- however, we’re here to tell you that you would be better off giving a portion of your money away. Whether that means a simple year-end charitable donation or taking the steps to set up a donor advised fund, there is room in your budget to be a giver. And even if you’re not able or willing to set aside a percentage of your income towards giving, you could start with giving away some of your time. Be a volunteer! In this episode we cover the important topics of why you should always be giving money away, some benefits of giving, and then we discuss some practical steps on how you can more effectively start donating your time and money, now!At the beginning of this episode we popped open and enjoyed a beer called Consecration by Russian River Brewing Company, a barrel aged sour ale which you can learn all about on Untappd. A special thanks to our friend Mr. 1500 for donating this beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

How to Give Away Your Money #024

2018-06-2000:56:091

Couples and Money ft. Our Wives #023
Talking about money with your partner can be extremely hard! We’ve all heard funny stories and countless anecdotes of money fights within relationships, but the fact remains that these disagreements often end in broken relationships. This week we have an honest and revealing conversation with our wives about how we talk about and handle our finances as couples. We also had some great questions that were posted in our Facebook group- some specific ones we get to are:Any advice for newlyweds in handling finances together? (from Chelsea)What was our biggest financial disagreement? (from Katy)Do we agree on the goal of financial Independence? (from Connor)(plus a bunch of other embarrassing and funny stories!)And since we recorded while at the beach down in Jacksonville, it was fitting that we stumbled upon a fantastic new local brewery! At the beginning of this episode we each cracked open and enjoyed a Bulletproof Denali by Southern Swells Brewing Co. which you can learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Couples and Money ft. Our Wives #023

2018-06-1300:57:092

Good Debt vs Bad Debt #022
Conventional wisdom tells us that getting out of debt is smart. And while generally that might be true, we're here to explain how that approach may not be the best decision for you! Oftentimes keeping low-interest debt around while you're able to invest and maximize your returns elsewhere will easily make the most sense when you're looking at the numbers. In this episode we cover the characteristics of good debt and bad debt, and then we talk through some helpful pointers on how to manage your current debt.Remember this one thing: somewhere around 7% is the magic number that separates low interest debt from high interest debt. That's the interest rate that acts as a divider in our current market. Anything higher than that you'll want to pay off sooner than later, and anything lower than that, there is a good chance you can take those extra payments and invest to make a big enough return to make it worthwhile. Listen to the entire episode to hear us break it down because it's a very nuanced topic!At the beginning of this episode we each cracked open and enjoyed a beer called Infusion A - Coffee Porter by Hoppin' Frog Brewery, a peanut buttery porter which you can learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Good Debt vs Bad Debt #022

2018-06-0600:41:09

Everything You Need to Know About Emergency Funds #021
Nearly half of Americans wouldn't be able to easily handle a $400 emergency! This is financial insanity. Considering the lack of any sort of margin in our lives today, it shouldn't be a surprise that Americans treat their money any differently than they treat their time. There just never seems to be enough, and any disruption (of money or time) brings a myriad of problems that must be addressed. Living paycheck to paycheck has unfortunately become the norm and it's a problem that needs to be addressed.The answer is to create an emergency fund! Having an emergency fund allows us to weather these small storms, and most importantly reduces stress. In this episode we discuss what an emergency fund is, what it is for (and not for), and how to get started on your own- including where to put that money! Listen to the entire episode to learn what steps you can take today, regardless of your financial situation.At the beginning of this episode we each cracked open and enjoyed a beer called Liliko'i Kepolo by Avery Brewing, a Belgian-style white ale which you can learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Everything You Need to Know About Emergency Funds #021

2018-05-3000:38:272

Why Commuting to Work is Killing You #020
Commuting to work sucks! It’s likely one of your least favorite things to do everyday assuming you’re an individual commuter, driving along in your own metal box that costs you thousands to own and operate. It’s stressful dealing with traffic and not to mention our cars encourage us to be lazy and perpetuate the lifestyle of excess and consumption. I mean does it really require a $15,000+ luxury vehicle that weighs over 4,000 lbs to transport a single individual to work and back?! In this episode we discuss the alternatives to traditional commuting, and specifically how these alternatives benefit employees, employers, cities as a whole, and obviously the environment. Listen to the entire episode to learn what steps you can take today, regardless of your situation.At the beginning of this episode we each cracked open a couple beers from John, a local home brewer here in Atlanta- sorry, you won't be finding this one on your local grocery store shelf. It is called A Splinter in the Mind by Little Cottage, a flanders red which we've dubbed our favorite beer of 2018! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Why Commuting to Work is Killing You #020

2018-05-2300:52:301

Do You Need a Financial Advisor? #019
Investing advice is the number one reason why people hire financial advisors, and we're here to tell you that you're wasting your money!!! Certainly a financial advisors could help you with other things like financial goal setting and managing cash flow, but ultimately it still comes down to you doing the hard work yourself (plus, we've already covered those topics on previous episodes, have a listen)! The biggest reasons why you don't need a financial advisor is because financial advisors can be really expensive, and plus, they don't always point you in the right direction! Listen to the entire episode to find out why don't recommend financial advisors.So there you go- you DON'T need a financial advisor. Instead, you need to be investing in well diversified, low-cost index funds like our favorites, VTSAX and VOO. That's what Warren Buffett recommends and he was willing to prove it by making a 10 year bet against hedge fund managers (as if being the 3rd richest man in the world wasn't enough proof).And at the beginning of this episode we each popped open a bottle of Allagash's Curieux, which you can find and learn all about on Untappd. A huge thanks to Allagash Brewing Company for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Do You Need a Financial Advisor? #019

2018-05-1600:40:211

The Art of Asking for a Discount #018
Asking for a discount isn't something that most people enjoy doing, but we'd be willing to wager that you don't ask for discounts enough. It's your money after all- hang onto it! In this episode we discuss haggling, rejection, and some reasons why asking for a discount should be a healthy part of your financial life. We also go through some practical steps we take when asking for a discount and share a few stories of when we've gotten that sweet discount or when we've had to say 'thanks for considering!' and walk.It's an overused maxim, but that doesn't make it any less true: If you never ask for a discount, the answer will always be no.At the beginning of this episode we cracked open a couple beers that Joel brought back from Paris- we are so incredibly cultured y'all! Specifically we were a fan of the Blanc by Gallia Paris, which you can learn about on their website but good luck since it's in French! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

The Art of Asking for a Discount #018

2018-05-0900:56:10

The Legit Way to Buy a Car #017
Transportation costs are American's highest monthly expense (aside from housing of course), so how you buy a car can be a financial game changer! There is clearly a smart and legit way to buy a car and that's what we're talking about in this episode. Don't accept that you have to get a new car because yours is 'old'- avoid cultural and advertising driven spending and try and minimize the money you spend on cars! Listen to the episode to find out why and how everyone should be buying used cars.A quick tip for now: Only purchase used cars that are at least 5 years old- and no financing!And at the beginning of this episode we cracked open a growler of Sweetwater's Happy Ending aged in Four Roses Single Barrel, a special thanks to Quickie over at Park Bar for supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

The Legit Way to Buy a Car #017

2018-05-0200:56:232

The Necessity of Community #016
Community is so incredibly important! In a culture today that values self-sufficiency and where it's every man for himself, we felt it was necessary to spend an episode covering one of the key fundamental values in our lives: community. Specifically we discuss how community can save you money, how it can help you out in a pinch, and how it contributes to a healthy and balanced life. Even though we love to talk about saving money, there are things you just can’t purchase that community provides, and we really had a great time covering those topics.We also spend a minute talking about digital communities and how they are awesome… but they shouldn’t replace physical and neighborhood community in your life.And at the beginning of this episode we shared a bottle of Hello Beautiful by Monday Night Brewing, which you can find and learn all about on Untappd. A special thanks to Monday Night Brewing for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

The Necessity of Community #016

2018-04-2500:56:41

Renting vs Buying a Home #015
Purchasing a home is always a good idea... right?! And renting is a huge waste of money- or at least that's what you've heard. In this episode we address these two huge assumptions and cover the benefits of renting and buying a home. There are a lot of things to consider like geographic mobility, financial flexibility, housing stability, and creative freedom! Listen to the full episode to hear why either renting or buying a home might be a good idea for you.A quick tip for now though: make sure that your rent or mortgage payment is no more than 25% of your monthly take-home pay. You don't want to be house poor!And at the beginning of this episode we each cracked open a couple of Juice Bar Pale Ales by Wrecking Bar, which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Renting vs Buying a Home #015

2018-04-1800:48:232

Using Credit Cards like a Pro #014
Credit cards can be a double-edged financial tool, and in this episode we cover how you can use them like a pro. Do you find yourself carrying a balance from one month to the next? Or are you tempted to overspend when you know you can just put it on credit? If so, then credit cards are NOT for you. For everyone else there are awesome benefits like earning cash back and scoring huge sign up bonuses, not to mention it's easier to track your expenses (which is an important step when creating a budget). Listen to the full episode to hear us weigh the pros and cons of using credit cards!And at the beginning of this episode we popped open a bottle of Boulevard's Love Child No. 8, which you can find and learn all about on Untappd. A special thanks to Boulevard Brewing Company for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices

Using Credit Cards like a Pro #014

2018-04-1100:51:113

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Tax Tips, Credits, and Deductions #053

Tax Tips, Credits, and Deductions #053

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