MONDAY MONEY TIP PODCAST: How to Never Have a Car Payment

Another episode of the Monday Money Tip Podcast is live! Many people believe they will always have a car payment but we’re here to tell you that this is simply not true. On today’s episode, we’ll share what you can do in order to never have another car payment. In our Current Money Events segment, we will cover the volatility in the stock market and later hear a success story from a woman who became debt-free including her mortgage!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes

About the Episode:

  • We’ll share what you can do in order to never have another car payment.
  • Get an update on the stock market in our Current Money Events segment.
  • Hear a success story from Diane, who paid off all her debts including her mortgage.
  • Hear how depreciation can (and will!) affect your vehicle’s value.

Resources:
I Was Broke. Now I’m Not.
Oxen Book
Known, Upcoming Non-Monthly Expenses Calculator
CarFax Article
Investment Value Calculator

Quote of the Day: “If you think no one cares if you’re alive, try missing a few car payments.”

 

Have A Debt-Free Vacation With This Tool

Are you going to take a vacation this year? My guess is that your answer is YES. You have probably already decided when and where you want to go and have started dreaming about it. Now, how are you going to fund this vacation you’ve dreamed up? If you start planning now, you could fund it with cash!

By planning ahead of time, you can more accurately see just how much each aspect of your vacation will cost. You can anticipate travel, gas, lodging, food, entertainment and other expenses. Once you know how much your vacation is expected to cost, you can save money ahead of time!

We recommend using our Mini-Budget Tool to plan your vacation spending. You can really plan your vacation three different ways to see different scenarios and how they affect your bottom line. If you spend your money on paper, you can stay within budget during the trip.

Setting a budget and planning ahead of time is key to having a debt-free vacation. And I guarantee you, a debt-free vacation is a million times better than the alternative. You can have all the fun with your family without the stress of the incoming credit card bill.

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: How to Have a Debt-Free Vacation

We’re back with another episode of the Monday Money Tip Podcast! If you’re starting to look forward to your vacation this summer, this episode is definitely for you! This week, we’re going to discuss how you can have a debt-free vacation this year. We will also share some information about current interest rates in our Current Money Events segment of the podcast. In addition, we have a success story from a listener who created a budget and experienced immense freedom in his life!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes

About the Episode:

  • We’re sharing how you can have a debt-free vacation in 2019.
  • I’ll give tips on eliminating an expense and redirect to savings for a future vacation.
  • In our Current Money Events, I give an interest rate update for mortgage rates, savings rates and CD rates.
  • Hear a success story about how a budget became a path to freedom for one of our listeners.

Resources:
IWBNIN Next Steps – Banking
Known, Upcoming Non-Monthly Expense Calculator
Mini-Budget Tool

Quote of the Day: “A change of place plus a change of pace equals a change of perspective.”

Best Utilize Your Tax Refund

We’ve officially entered the super exciting time of TAX SEASON! Well, if you’re getting a refund that is. What exactly should you do with this “extra” money this season? Save it? Pay off a debt or two? Invest it? Spend it? The possibilities might seem endless! However, I would encourage you to plan out your refund BEFORE you ever get it.

For questions like these, I typically refer back to the I Was Broke. Now I”m Not. Ladder. By identifying where you are on the ladder, you can pretty easily decide on the best way to spend your refund this year.

If you don’t have a months worth of expenses in an emergency savings, use the refund to grow that savings to move up the ladder. If you already have an emergency savings and you are already investing, your next step should be to attack some debt. Maybe you could use your refund this year to knock out a debt or two, starting with your smallest balances. On the other hand, you could have all of your debts paid off and have a healthy emergency fund, so you could use your refund to pay off more on your mortgage.

Ultimately, you really should just think through your tax refund before you just spend it frivolously. Getting a chunk of money like a tax refund is typically a rare event for most people. So make sure you use it wisely. If you want to think out some different ways to “spend” your refund on paper first, you should check out our Mini-Budget Tool. This tool will allow you to spend your refund three different ways and compare and contrast what the best decision is for you and your family.

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: Maximize Your Tax Refund

This week on the Monday Money Tip Podcast, we’re sharing what you can do in order to maximize any tax refund that you may receive this year! We know that many people will receive a tax refund and we want to make sure you are able to maximize any money that comes your way! In addition, we will be sharing a success story from a man who created a budget and was able to pay off three medical bills and begin tithing consistently!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes

About the Episode:

  • Hear a success story about a man who has paid off three medical bills since attending a Financial Learning Experience.
  • Get advice on what you should do with your tax refund this year.
  • I’ll share how you can use our Mini-Budget Tool to make decisions about your tax refund.

Resources:
IWBNIN Next Steps
IWBNIN Ladder
Mini-Budget Tool

Quote of the Day: “When you tell your money where to go, you’ll never have to wonder where it went.”