How Fatherhood Sparked My Desire For Financial Independence

On one fine summer day in 2011, I was zipping around on my new moped headed to the local Rite Aid convenience store. I had an incredibly important purchase I was about to make.

After breezing through the sliding doors, I headed straight back to the pharmacy area. I was beaming. I was grinning ear-to-ear.

Given my excited state, the pharmacist probably thought I was a virgin looking to score my first Trojans. Nope. I was after something much more important.

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Honeyfi Review: Money Management and Budgeting For Couples

Every relationship usually has a  “spender” and a “saver.” While the old adage says that “opposites attract,” different personalities can make budgeting harder than it needs to be. 

Honeyfi can blend each of your unique money habits into one simple app in a way that both of you agree on, even if your partner would rather eat brussel sprouts than stick to a spending plan.

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How I Paid For My $40,000 Wedding Without Debt – with Stefanie O’Connell Rodriguez

With many lending companies offering convenient (yet high interest) wedding loans these days, it can be tempting to borrow money to have your ideal wedding day. After all, the average cost for a wedding is around $35,000. That’s a lot of money.

The unfortunate thing with borrowing is that debt follows us into the first days of our marriages. And with money fights being one of the top reasons for divorce, starting off with 5-figures of wedding debt might not be an ideal starting place for this lifelong partnership. 

Today, I’ve invited someone on the show who’s not only experienced the emotional and financial hardships of debt, but she figured out how to combat it and eventually pay for her $40,000 wedding in cash. 

Stefanie O’Connell Rodriguez is my guest today. Stefanie is a nationally recognized millennial money expert and author of the book, The Broke and Beautiful Life. Stefanie’s work & advice has been featured in The Wall Street Journal, The New York Times, USA Today, Cosmopolitan, Glamour and Oprah Magazine.

Stefanie lives in New York City with her brand new husband. 

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How “No Spend Challenges” Helped One Woman Eliminate $78,000 of Debt – with Jen Smith

With nearly 80% of Americans living paycheck to paycheck, most of us could use some help with saving a bit more.

Our guest today, Jen Smith, is going to show us how. Jen and her husband paid off $78,000 of debt in just under two years. A huge factor in their success was taking advantage of “No Spend Challenges”.

These challenges encourage you to halt all “personal spending” for a set period of time. This cold turkey approach could be an excellent solution for a large population of our country right now.

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Sinking Funds: The Secret to a Successful Budget

Hello all! Andy Hill here …  We have a new guest post from personal finance writer Amy Beardsley from Early Morning Money. Amy is a self-described money geek that is obsessed with simplifying money and breaking free from the burden of debt. Her article below shares why we all need sinking funds in our budgets to help us create that freedom we desire. Enjoy!

When it comes to your family’s finances, you already know you need an emergency fund to protect you from a job layoff or major medical illness. But what about all of those little expenses that come up year after year, like car insurance, Christmas, or your annual family vacation?

That’s what sinking funds are for, and they’re the secret to a successful budget.

When money is tight, or you’re working on a big debt-payoff goal, covering all of your expenses is key to making it work. With sinking funds, you can easily stick to your budget even when faced with costs that don’t come up that often. Here’s how to get started.

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Over $100,000 of Debt Destroyed on a Teacher’s Salary – with Allison Baggerly

For some people, their pile of debt can feel so huge that paying it off just feels like fiction. It feels impossible. It feels overwhelming.

Well today, I’ve invited someone on the show who felt the same exact way, but then she took action and won the battle against her debt.

Allison Baggerly and her husband partnered together to pay off $111,000 of debt in 4 ½ years. They completed this difficult feat on two teacher’s salaries with two little kids at home. In our interview, she’s going to share with us how she did it.

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Climb Out Of Massive Debt with These 10 Life-Changing Steps

When someone has a large amount of debt, finding a way out can feel impossible. The scattered accounts, the interest rates and the stress of keeping up with the day-to-day expenses of life are enough to drive us crazy.

After interviewing around 100 individuals who have conquered their debt and moved onto building wealth, I’ve learned what it takes to say goodbye to debt forever.

Here are 10 life-changing steps that came up Repeatedly throughout my interviews:

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10 Easy Ideas to Make Your Next Budget Session Fun

This month, I’m challenging the listeners of the Marriage, Kids and Money Podcast and the readers of this blog to live on a monthly budget. Let’s make this budget challenge fun!

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Transform from Starving Artist to Money Master – with Philip and Julia Olson

I am continually amazed by the amount of talent we have in our world. Designers, creators, entrepreneurs, artists, developers … These are people who push the bounds of what is possible to create a product, service or business that revolutionizes their respective field. While these folks might be masters of their craft, the creative class can sometimes lack the financial know-how to be masters of their money.

Enter Philip and Julia Olson. These two talented theater majors turned dynamic financial gurus developed a company called The Art of Finance that helps the creative class become more intelligent with their money. Philip and Julia help their clients to realize that being a starving artist is just no way to live. They advise their creative clients on areas like debt elimination, budgeting and investing so they can do what they love while earning the money they deserve.

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If I Could Do It Again – 9 Pieces of Financial Advice For Me in My 20’s

The other day I was emailing with Heath, a listener of the podcast. Heath commented that my show has a family-focused tone to it, but it can really be enjoyed by single guys (like Heath) who don’t quite yet have a family as well. The compliment was extremely appreciated – thank you Heath – and it got me thinking. What advice would I have for myself 10 or so years ago before I met Nicole before I had kids and before I knew anything about money?

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