Millennial Money Tips

Wait! You Can File Your Taxes for Free – MyFreeTaxes

If you have income under $64,000 for 2016 you can file your federal and state taxes for free with MyFreeTaxes.Did you know that there is a way to avoid all that stress you might be feeling right now and file your taxes for free? There are lots of platforms that claim to be ‘”free” but I can tell you that filing with MyFreeTaxes truly is free. Music to my ears.

More than half of Americans admit tax-time stresses them out! And if you’re one of the 7.8 million Americans working multiple jobs, you may have a real fear of filing or of making a costly mistake. The good news is, for 72% of filers who may not realize it; free and easy help is available!

The good news is, for 72% of filers who may not realize it; free and easy help is available! You need to have income under $64,000 in 2016  to take advantage of MyFreeTaxes.  Full-time student Grace Lawton and the United Way’s Matt Aliberti are here to provide information on how you can get the help that you may need.

On This Podcast Episode:

  • Find out what you need to know about filing your taxes for free
  • Learn how you can avoid the stress of filing for your first time as a millennial
  • What tax deductions and credits you should be looking for
  • How to blast away any emotional stress you have about taxes

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

 

Be Smart – Protect Your Paycheck

Did you know that your paycheck is your most valuable asset? Here are some tips that you need to know about how to protect your paycheck.April is Financial Literacy month and that means I plan to bring you some “controversial” money topics each Monday during the month. We’re going to start things off with a topic that most don’t like to talk about: protecting your paycheck.

It may seem silly to you at first, but your paycheck really is your most valuable asset. What happens if you’re sick or hurt and can’t get paid? You probably wouldn’t be able to pay some bills and would find yourself in a real money pinch. See how valuable your paycheck is!

Protecting your paycheck is serious business, and besides having a strong emergency fund, adding a group or individual disability insurance policy is a smart money move. Before you turn the mute button on, take a listen to this important podcast episode.

On This Podcast Episode

  • I’m sharing why protecting your paycheck is so important
  • Why you should rethink how you feel about disability insurance
  • Some of the pros and cons of group disability plans
  • The three important details you need to know before you choose a plan

Links Mentioned

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

The No Cash Revolution

What you need to know about going cashless and being safeThe no cash revolution is here to stay and it’s roaring faster than ever. With the success of Venmo in the peer-to-peer lending (that means between friends), many bigger banks are scrambling to get in the action.

Launching later this year, Zelle, powered by some of the biggest banks hopes to complete as best as they can with Venmo in this digital wallet space. I’m super interested to see how Zelle functions and how it will compete since I have a bank account with one of these bigger banks.

It all brings up an interesting question, though, “Do we still need cash?” I can’t tell you how many times I’ve needed to have at least some cash on me and I just don’t. Those awkward moments when I’m leaving a parking garage and having to rummage through my entire car just to find enough money.

If the no cash revolution is here to stay we need to make sure we are being very careful with how we use our digital wallets.

On This Podcast Episode:

  • Why Venmo is taking over peer-to-peer lending
  • Is Zelle going to help customers from bigger banks, or be an epic fail
  • Is going cashless a good thing
  • What security measures you need to take to safe

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

The Life Currency – Whitney Mari

The Life Currency is a cool new community started by Whitney Mari that provide real-life tips to jump start your career and life post-college. I want to introduce you The Life Currency, a great new community and learning space for female millennials.

I remember when I graduated college, I really thought I had it all figured out. I had run a business in college, and while my business skills were above average, there were so many life lessons that I had yet to learn.

I spent more than I should on my first post-college apartment, I dated someone that I should’ve had the courage to part with, and I turned down opportunities because I thought they were below me. I had a lot to learn.

It’s for reasons like this that Whitney Mari decided to start The Life Currency. A community for millennial women (although guys you can learn too) can come together to learn from others about those super important first few years after college. What it takes to set yourself apart. How you should approach your first job. Why you need to build an emergency fund. And so much more.

On This Podcast Episode:

  • I’ll chat with Whitney about why she decided to start The Life Currency
  • What trends she’s seeing with millennials
  • She’ll share her own money story and what she’s learned

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Women…Earn What You’re Worth – Jacqueline Twillie

Women still earn less than men, so having a good negotiation strategy in place is critical to you earning what you're worth. It’s International Women’s Day today (March 8th) so that means it’s time to talk about equal pay for women. It feels like we’ve been having this conversation forever and yet we continue to talk about the inequality in pay. Just wondering when this will finally change.

Jacqueline Twillie has been a guest on Millennial Money in the past, so I couldn’t think of anyone better to have as a guest today. Jacqueline spends her day teaching people how to negotiate their way through their career and fighting for equal pay for women. She has created an amazing Negotiation Toolkit full of her fantastic tips to help you nail your negotiations.

On This Podcast:

  • We’re chatting about the importance and reality of equal pay for women
  • What you should be thinking about before you negotiate
  • How to win even if you can’t increase your salary
  • Why the fiscal year is so important to your strategy
  • What you can do to fight for equal pay in your own community

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

 

A Goal Or A Wish

One of the secrets to success is having written down goals because a goal that isn't written down is merely a wish. Here are some tips to set goals that will lead to success.

The Anatomy of a Goal

I know, you’ve heard it a million times, get yourself a goal. While having goals is great, they are merely a wish unless those goals are written down somewhere that you can see. Why?

A goal needs to be seen for you to breathe life into them. It’s the same reason why knowing your numbers and budgeting each month is important. Seeing what’s going on in your finances is powerful in helping you redirect your spending so you can achieve your goals. See what I did there…your budget are your goals BFF.

On This Podcast Episode:

  • I’m breaking some do’s and don’ts to goal making
  • Talking about how important optimism is to your goals
  • Sharing some of my own tips to goal making
  • Reminding you to not give up on your goals

I would love to hear what some of your goals are. Send me a message or tag me on Instagram or Twitter with your goal list. Let’s all work to achieve these goals together.

7 Habits of Future Millionaires

Why is the word millionaire so powerful? It seems to be the only goal that most of us actively strive for, but the funny thing is we aren’t sure what exactly happens when we reach that coveted million dollar mark.

There are so many habits you should cultivate but we’re going to talk about my favorite 7 habits of future millionaires.

Being a millionaire isn’t so much about the dollar amount in your bank as it is about positive habits that will shape your thinking as you strive towards your money goals.

Being a millionaire is about more than however much money you have in your bank account. It's about a money mindset and good habits that help you be productive and achieve your goals.

On this podcast episode:

I’m dishing about the 7 habits of future millionaires and just why these little habits are so important to being successful. There are countless articles and books out there about the practical tips to becoming a millionaire – saving a certain percentage, getting good raises at work, having no debt, paying cash, etc.

While these tips are fantastic, they don’t speak to the emotional side of what it takes to become an elusive millionaire. After all, you can make millions and spend it all and be broke, or you can make a decent living, have strong money habits in place, and retire a millionaire.

I don’t know about you, but I choose the option #2.

If you’re interested in my course, Budget Breakthrough Bootcamp, for a special January price of $29, head over here and enter code BUDGET17.

What Happened in Money in 2016

This Year in Money

As with every year, 2016 has been nothing short of crazy, incredible, scary and fascinating to watch unfold. We’ve had some big money hits and some big money misses this year.

To end 2016, we’ve put together a list of what happened in money in 2016 – the millennial edition. There was a lot of news about money this year and some of it will surely have an impact on you in 2017. Take a minute – breathe – soak in 2016 and then get ready for a wild 2017.

This year in review - all the top money happenings in 2016.

Top Money Happenings in 2016

  • Interest rates were on the rise in 2016 making buying a home a tiny bit more expensive. There is nowhere for interest rates to go but up so early 2017 is going to be a good time to buy a home, buy a car, or refinance your student loans quickly.
  • Trump is President Elect! Wow, shock and awe for many of us as we enter unchartered territory. He promises lower taxes for many, except those at the lowest tiers and plans to raise the standard deduction on taxes to $15,000 and get rid of the personal exemption altogether. Lots of changes for millennials to take note of.
  • Finding Dory was the highest grossing movie of 2016 (Rogue One may surpass this but the numbers aren’t in yet.)
  • The Dow closes out the year just shy of a historic 20,000 mark. What does this mean to you – probably not much – except you should expect talk of a 25,000 high once we hit the 20,000 mark.
  • The top selling album of 2016 was Adele, 25. No shock there.
  • The dollar rose against foreign currencies making travel to UK and Europe more affordable than ever. Time to listen to those Millennial Money Travel Tuesday podcast episodes and start planning your adventures in 2017.
  • The cheapest small city for millennials to live in 2016 is Birmingham, Alabama.
  • Get ready millennials for a crazy 2017 and beyond. Having a strategy in place for saving money for retirement (aka your lifestyle fund) is more important than ever. Expect more bear markets, higher inflation, crazy taxes and the emotions of dealing with money to play havoc on your savings in the years ahead. That just means you’ve got to put your boxing gloves on and get smart – use apps, automate your savings, save up to your company match, read books, get rid of debt, and get a good money mindset in place.

Adios, 2016

Thank you again for a great 2016. We’re looking forward to bringing you a ton of great new content in 2017. If you haven’t already, please leave us a review in iTunes if you enjoy this podcast.

Best Of: Ridiculously Confident With Your Money

Another Best Of Episode: Ridiculously Confident With Your Money

One the most popular episodes this year was recorded in Boston with Meghan Murphy from Fidelity Investments. We dished all about how to be confident with your money and why that’s super important.Best Of: Ridiculously Confident With Your Money

 Show notes from that episode

Everyone is talking about Financial Wellness, in fact, it’s probably why you listen to this podcast (whether you know it or not). There’s a lot of people talking about financial wellness, but my friends at Fidelity Investments are actually working hard to create solutions to better your financial life – now and in the future.

 

While on a trip to Boston, I had a chance to sit down with Meghan Murphy from Fidelity, and chat about the power of confidence and money. Being smart with your money is something that should be top on your to-do list – and it’s easier than you think.

One tool that Fidelity has rolled out is an interactive Personal Money Checkup tool that you can use for free. This tool will help you figure out if you’re on the right path – or if not- what changes you need to make. Go ahead and check it out!

Goodbye 2016 Travel

Travel 2016 in Review

2016 has been full of amazing travel experiences for us. Admittedly, most of my travel has been for work but we’ve always found a way to tack on a few more days to really explore and discover new cities this year.

One of the best tips I can give you is to not let your budget stop you from traveling if that’s something you really want to experience.

There are so many ways to travel for less these days – whether it’s signing up for my favorite online travel site, Travelzoo, or using an app like Hopper to find the best flights or staying in an Airbnb rental.

Get out and explore!

Here are the top 6 places we've traveled to in 2016 and some tips for you to enjoy each city on any budget.

On this Podcast Episode

  • Nashville – stayed in East Nashville at the Lockland Cottage via Airbnb
  • Boston- check out all there is to see in Boston
  • New York- explore the High Line
  • Door County– there’s more than just Making A Murder here
  • Healdsburg– sure you can go to Sonoma or Napa…but why not try something different
  • Stockholm – I loved everything about this magical city (that’s affordable now)

1 2 3 4