DR 077: Teamwork for Your Budget – An Interview with Listeners Kate and Trevor

Podcast Listener Talk

One of the great things about producing a podcast are the emails I receive from listeners. Recently a listener named Kate emailed me about the 50-20-30 budget. One thing led to another, and now Kate and her fiancé Trevor are guests on the show. Kate and Trevor’s story was so inspiring that I wanted to […]

Published or Updated: June 19, 2014

DR 068: Is the 50-20-30 Budget a Good Rule of Thumb?

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How can the numbers 50, 20, and 30 help you manage your finances? Today, we’re going to talk about the 50-20-30 rule of budgeting. A company called LearnVest popularized this rule of budgeting recently, but it’s been around long before them. I’ve seen many financial experts write about it, as well. The bottom line is […]

Published or Updated: May 27, 2014

Manilla to Close–Here are 5 Alternatives

Finovera

Manilla recently announced that they will be closing effective July 1, 2014. It’s unfortunate as Manilla provided a free and very unique service. In addition to tracking your bills, Manilla could also keep track of your explanation of benefit forms for several major health insurance companies. The notice really took me by surprise. I had […]

Published or Updated: May 25, 2014

DR 056: 7 Ways to Budget Like a Zen Master

7 Ways To Budget Like A Zen Master

How can you budget like a Zen master without tracking every dime you spend? How do you budget for those oddball expenses that pop up from time to time? As someone who goes in budgeting spurts, I’ve learned the hard way how to make our budget work. Recently, this has been at the forefront of […]

Published or Updated: April 21, 2014

5 Factors to Consider Before Using a HELOC for Your Emergency Fund

A reader named Brian asks whether it’s a sound move to use a home equity line of credit as an emergency fund: Rob, I enjoy your podcast, and I have great respect for your approach to personal finance. The 31-Day Money Challenge actually had me looking forward to my daily commute. I have a simple […]

Published or Updated: April 15, 2014

Financial Decisions are About More Than Math

Forget the Math

When it come to financial decisions, you can learn a lot from both Captain Kirk and Mr. Spock. What they teach us – together – is that when it comes to financial decisions, you need to go beyond the math. So much of finance involves math, and we certainly don’t shy away from that here. […]

Published or Updated: April 14, 2014

The “Latte Factor” is Not About the Latte

Latte Factor

I‘ve been reading a lot of criticisms of the Latte Factor recently. If you’re not familiar, the Latte Factor was popularized by author David Bach. The idea is simple. If instead of getting a $4 latte every day, you instead invested the money, you’d have a pile of cash in 10, 20, 30 or 40 […]

Published or Updated: March 14, 2014

DR 012: The Four Rules of Budgeting [with Jesse Mecham of YNAB]

YNAB 4 Budget Rules

This is the fifth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we covered 7 tips for effective and stress-free budgeting. In today’s podcast, we Jesse Mecham, founder of You Need a Budget (YNAB). Sponsors: The 31-Day Money Podcast […]

Published or Updated: July 29, 2014

DR 011: 7 Tips for Effective and Stress-free Budgeting

How to Budget

This is the fourth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we walked through how to prepare your net worth statement. In today’s podcast, we discuss 7 tips for effective and stress-free budgeting. Sponsors: The 31-Day Money Podcast […]

Published or Updated: July 29, 2014