Money In The Bank

In part one we talked about saving money for your short, mid and long term needs. In this episode we talk about the other half of that: distribution! Someday you'll need access to that money you've been saving up so we wanted to chat about the best ways to tap into it. 20% of Americans run out of retirement money within 6 years because they take the lump sum of money out of their retirement accounts. In this we chat about what strategy you should use to make sure you don't out live your money!

Join us for the 1st of a 2 part episode. In this one we chat about how much you should be saving for your short term, medium term or long term goals! We also define what goals fall into which buckets and what tools you should use to reach your goals. So often we hear you should be saving x% of your income but finally we share where to put all that savings!

In our third episode on investing we talk about how to actually invest in the stock market! There are so many options out there now and we try to touch on all of them. Despite popular belief you don't have to travel all the way to NY and put your order in on the stock floor anymore - there are plenty of electronic ways to invest which makes it super easy to automate and take full advantage of dollar cost averaging. 

Who runs the world? Girl! Unfortunately women typically are not running the financial world. It's still primarily dominated field with investment managers being 93% male! Over a 35 year working career the investment gap averages one million dollars! Study after study shows that women do not invest at the same rate as men for a multitude of reasons. One of my goals is to help educate women and men to make them more comfortable putting their dollars to work for them. Join me as I discuss these topics and propose solutions to remedy the situation! 

We decided to become a one car family! Join us as we talk through that decision and discuss how much we'll be able to save by ditching the spare car. We will definitely keep you guys updated on how well this is working for us. We do live in a very suburban area that is very car heavy but by prioritizing this goal we were able to move close to work and stores to get down to one vehicle. 

Obviously when you combined finances certain areas can be reduced but not always as much as you think. Join us as we discuss how we saved when we had single incomes versus how we merged finances and increased our savings rate. No matter where you are in your journey it's always a good idea to review your big ticket items and make sure you are content with your spending levels and make sure your savings rate is where you want it!

In this weeks episode we discuss various financial terms and break down the definitions to help you understand them. A lot of financial topics seem more complicated then they really are so we demystify various topics this week!