Ask HTM - Side Hustle Apps, Multiple Roth IRAs, and Collecting Rent #088

maybe it's rubbing off. I was gonna say so, you and I we our lives are quite intertwined in our girls played together all the time, and yeah, you've got a sick daughter. Two of my girls have had fevers as well. And I woke up this morning with my throat feeling a little sore. I got my fingers a cross that we're gonna be okay. But uh yeah, Kate and I aren't excited for that other shoe to drop, if you know what I'm saying. I know, man, get

the sickness. It just kind of runs around the school and then runs around our families and like the families of our neighbors and each other and stuff like that, and so yeah, it gets better to get it over with, give it a couple of weeks while get healthy we'll survive. But listener questions. Man, we've got some good ones. Today. We have a listener asking uh for the best way

to accept rent. He's gonna be a new landlord. It sounds like we've got a follow up question for roth Iras and we're gonna start things off at the beginning of this episode talking about some different apps that you can use to sort of help create maybe kickstart a side hustle and uh, even if that makes sense to do at all. So excited to get to those and a couple others with you today. Man, Yeah, it should

be fun. I'm looking forward to it. Speaking of apps, you told me that your buddy Ben downloaded Acorns and he's been like kicking butt with it right now, you know, Ben, Yeah,

of course. Okay, So let me tell you the full story, which was I I invited him to Atlanta to hang for an Atlanta nine match actually a couple of weeks ago, and he said he couldn't because the next week he was gonna be flying out to Ireland with a bunch of his buddies to play golf, which caught me way off guard because that's like the fanciest thing I've ever heard him say, it's very uppercross, you know, guys only. And so my follow up question was, you know, when

did you start taking trips like this man? And he said it was a funny story, and how a couple of years ago he proposed this idea of this trip to his wife and it was just so far in advance that I think she just sort of kneed jerked agree to it. Right, She's like, sure, that's never gonna happen, but let's let's do it. That's the Unicorn trip that, yeah,

that's not gonna happen. Is it gonna materialize? But what they did was he set up an Acorns account and basically started saving for that trip without them even realizing it, right, without them even feeling that they're sending that money aside, and which which is the cool thing about acorns, because it just rounds up every purchase that you make and

saves that money. And and so yeah, a lot of people like acorns because it's easy to use, and it's like this fourth method of savings that you might not otherwise save if it wasn't for Acorns. Right, Yeah, it's easy to use, but it's like almost pain free as well, because you just slowly absorb it. You know, you have of all the different purchases that you have through the month that rounds it up. You don't really realize that

that money is getting set aside. And sure enough to two years later, all the guys had saved up their money, and uh Ben's wife was pretty piste because she couldn't believe I guess that they actually, you know, went through with it and got the tickets and everything, but they saved around thirty four dollars for this trip to cover airfare. I don't know if you've heard golf is not cheap. I think in Ireland in particular, it's it's also maybe a little more expensive that they've they've got a lot

of nice courses. Yeah, isn't that where golf started or is that Scotland? Yeah, Scotland and Scotland. Yeah, but Ireland, I mean it's close enough, right. But anyway, this is a little success story for Acorns, because typically you think, at least I think, okay, acorns a little bit here and there, like how much are you actually gonna be able to set aside? But man, I'm totally impressed with the amount that he was able to set aside. He had set a clear goal and and he achieved it.

He totally rocked it. So Ben, kudos to you. And uh yeah, I would recommend to folks out there if you're looking for an easy way to say like the specifically for a very clear, identifiable goal, and check out Acorns. Yeah, Acorns is cool, man, And congrats to Ben on on making that happen and on saving that much money in order to be able to take a really cool trip like this. All right, by the way, we have a really cool beer that we're trinking on the show today, Matt.

This is called form to table by form fermentory and blendery, and so yeah, that's a fancy way of saying that these guys brew beer and then they let it ferment and they blend beers together, which honestly is kind of like an art to mix different barrels of beer together to create a really good finished product in the bottle. So I'm really excited to try this beer out today. Yeah, Joel,

this beer was sent to us from Adam. He is there in Philly and that's where these guys are and he's a big craft beer fan and reached out to us via Instagram and uh so yeah, big things to Adam, thanks for sending this our way. I just want to quickly say we have the best listeners and how many good beers have we had because listeners have been so kind to send us beers and so we always give a shout out and we're just incredibly thankful try these

beers that we wouldn't otherwise get to try. So thank you Adam for sending this beer over and real quick, I'll say I looked up on their website. This was the first beer that they released, this brewer, this specific bottle. Right, yeah, and that impressive. That's really cool. Yeah, these guys are super small and are relatively new, so yeah, looking forward to chat more later on. Alright, Matt, So let's get

to some listener questions today. And for folks out there wondering how they can submit a question to be considered to go on the show, they can go to how to Money dot com slash ask and there are directions there for how to submit a voicemail question. And let's take our first one right now. Hey, guys, this is Andrew from Mount Pleasant, South Carolina. My wife and I love your show. We've learned a lot from you about not just how the money the why the money. My

question today deals with side hustles. My time is pretty limited, and so I've been exploring opportunities to make money off of things I already do or could do with a small time commitment. For example, you both clearly love biking, and Matt sounds like you run a good bit I do too. Have y'all tried any of the apps that claim they'll pay you to exercise? It seems like a nice way to earn a little extra cash or saying fit, But I also wonder if they're small payouts worth at

the time. I'd love to know your experiences with those apps, grocery reward apps or anything else like that. Thanks so much, and keep up the great work. Andrew, thanks so much man for sending that question in. I'm gonna go ahead and just jump to it and say that I think most folks are not going to be making serious money using some of those different apps. You know, if you consider your hourly rates, I think you might quickly realize that it's just not worth it, unless, like you said,

you are already doing that activity. If there's something that you can pare with what you are already doing and it really doesn't take any time. Uh. Some of those apps, like those fitness apps you know you mentioned when you're running, you know, that can be a great way to maybe make some extra money. Um you mentioned, you know how we talk about the why, not just how the money,

but why. And I think that's a great consideration here is because just because you can make some extra money with some of these apps doesn't necessarily mean that you should so, taking again, taking into account how much time you would actually spend doing these different activities, you know, to make a few bucks, that's a serious consideration before I would consider going in on any of these apps. Yeah. Man, I haven't really experimented with many of these apps, and

it's purely for that reason. I don't feel like the payback I'm going to get is equal to the required bandwidth and time that I have to put forth in order to make money from these apps. But we should mention a couple that might be helpful, and in particular, the ones that can give you the greatest payback I think are the grocery apps. And so there are two in particular that I would say are worth trying. There's Ibota and there's Fetch. Well, I've never said I bought

a out loud. In my mind. I've always read it as like Iboda or something like that. It's ib O T T A right, But it makes sense he said I boughta. I immediately got it because I've never said the stupid app out loud. Just read it. Yeah, it makes so much sense now. But my my friend Michael, he is a single dude and he makes over five a year using Ibota. And so it's this app where you take a picture of your receipts from the grocery store and you get money back just for taking those

receipts and submitting them. And fetches very similar. And those are the two that, from everything I've heard and read and experienced, that give you the highest payback for the littlest effort. And I think that's kind of what you're looking for when it comes to some of these apps. So yeah, make sure to check those two out. And then Angel, you mentioned that you're a runner in regards

to some of those different fitness apps. Achievement is the most popular and legitimate one out there that I could find doing my research, and I actually downloaded that myself, gave it a shots. You get points for tracking your activity. Uh, you get extra points if you take surveys and different things like that. I didn't participate in any of those surveys because I wanted to see how many points I would get just by having this app essentially running in

the background. And once you earned those points, though, you can redeem those for cash. Once you get ten thousand points, you get ten buck. And I'll go ahead and say that it's hard to earn that many points. The cool thing about achievement is that it imported my activity from run keeper for the past month, and this past month has actually been pretty light when it comes to running. I've only run like once a week, so like four times,

which is not much. But that being said, I got a thousand points, which is a dollar equivent to a dollar. So if I was running like I normally do, which is, you know, three times a week, that can easily translate to three thousand points, which is about three bucks. So yeah,

I mean, it's real money. It's not going to make you rich, but again, you know, I was looking for a way to have an app running in the background that requires zero effort for me, because you'll, like you I'm not willing to take on an additional sort of side gig via an app like this to to make a few bucks, although I am totally cool with it though, if it's super easy like that and I don't have to give it any time at all. Yeah. So another one that that Andrew might want to consider is it's

called sweat coin, and you're not earning cash. You're earning actually sweat coins like digital currency, but you can redeem those sweat coins inside the sweat coin app to buy physical products, and so that's kind of an interesting one. It's doing kind of Matt what you said. It is running in the background and it's documenting your exercise and giving you sweatcoins based on how much exercise you're performing.

Although one caveat to the app is that it doesn't work indoors, So if you're running on a treadmill or doing push ups, you know, inside your house, it's not going to count. It's only going to count those miles that you walk or run outside of the house. Yeah, that one was a little more confusing as far as how you can redeem those for actual currency. It was kind of cool, like it was a slick app. It kind of felt like a game, like little virtual reality

thing going on there. I don't know, it's hard to describe, but you'll see if you check it out. But I could not figure out, like what the exchange rate was, So that's one thing I didn't like about sweatcoins specifically. I feel like overall these things are just kind of a little bit gimmicky, and there are there are ways that you could maybe make some extra money. But Andrew used the phrase side hustle, and you know, we talked about that in the previous episode. I think this is

not something you want to consider a side hustle. If you want to take the way you work out or the way you exercise and turn that into some sort of side hustle. In my mind, that means starting something, you know, at five am Monday through Friday, helping other people figure out how to exercise. Well, that is a way to get exercise yourself and then actually be able to make real money from it, to turn it into a legitimate side hustle, like some run coaching or something

like that. He runs all the time, Like, how can I tie this into a business that is something that he can scale and bring on clients, And yeah, I'm I'm with you, Joel. Yeah, so that's something like meaningful, whereas a lot of the things we're mentioning here are

are going to be just smaller rewards. So Andrew in the end, right, if you are okay trading some of your information, your privacy, you know, some of your battery life on your phone because it's going to use a little more battery juice in the you know, as it's running in the background. If you're okay trading some of that for a few bucks, then I think it's worth it, right, Like, you know, every few months, I might be able to make a few bucks here and there, Uh, nice little surprise,

a little bit of extra beer money. Um. But you know, unless I'm making actual big money, um, I'm not willing to devote additional time towards it, right, Like I talk often about the credit card sign up bonuses, like you're making between three and eight hundred bucks, uh, just for using a credit card, Like that's is something I do anyways, I just put it on a different card. To me, that feels like a little more substantial And it's sort

of this little side hobby thing I can do. I like, I get all nerdy with it, but really it's bonus money. It's you know, it's not what we would consider a side hustle. To make sure that you're considering how much time that you would be dedicating towards these side hustles and that you're not getting distracted from creating something even bigger and scalable. All right, Matt, We've got lots more

good listener questions coming up. In just a second, we're going to take a question from a teacher who's trying to help his students learn how to handle their money well before they graduate. Those young UN's al Rjeel. Like you said, we're gonna have our question here from our teacher friend, But first we're going to hear from a listener who had a question about rath Iras. Hey, guys, this is Shannan from Texas. I just had a quick question for you all about rath Iras after finishing the podcast.

So I've heard mixed reviews about getting multiple rath I raise I've heard from some people can maybe be a good idea to have two different rath ires just to kind of diversify your investments. But I didn't really know if that was the best decision or if it came with extra fees, or if it was just kind of too complex. So I just wanted to get y'all's opinion on that. Thanks Shannon, great question, and actually the last thing you said is the reason not to have multiple erase.

It's too complex having multiple roth ira accounts. It's kind of like having multiple checking accounts. I actually do have multiple checking You can do that, but do you need to or multiple savings account I guess not multiple checking accounts, right, But yeah, it can complicate life a little more than than it needs to, and there is a chance that you're paying higher fees depending on where your rath i

raise are located. You can technically have a roth ira with multiple different companies, but really consolidating your roth iraise and having them with only one institution is just gonna make life easier on you when it comes to putting more money into those roth iras every year with a cap of six thousand dollars, and it's also going to potentially make it easier for your beneficiaries. There's just all these other hassles that come along with having multiple roth

areas at different institutions. Juel, you mentioned that six thousand dollar cap and that is the combined total of all your raths. So, right, you can have six different roth IRA accounts opened, and you could put one thousand dollars in each of them. But Shannon, you know you mentioned diversification. There's no diversification happening there just because you have them

in separate accounts. Uh. That actual diversification is happening with the money that you placed within your WRATH I raise you want to use that money to buy those index funds, which are made up of hundreds and thousands of different companies. And so if you're referring to diversification from the standpoint of, Okay, I have my WRATH account with this company, like let's just say Vanguard, doesn't it make sense to diversify and also have a roth IRA with a different company, say Fidelity.

Well there's really no risk in having all of your money with a single account there, right, Vanguard in this case, in this example, they're just a custodian of that account, and there's virtually zero risk of having all of your roth IRA money with that single company. All right, So, Matt, you mentioned Vanguard Infidelity. A couple other great options are

Charles Schwab and in one finance. So Shannon, if you're roth Ira is open with one of those companies, we would suggest just staying put there and and not opening up an account at another institution. Really, that's just gonna overcomplicate things, and it's and it's unnecessary. All right, Joel, let's go ahead now and take that next question. Hi, my name is Greg and I'm a high school math

teacher in Northwest Ohio. I teach a financial algebra class and since I created it, I've kind of turned it into a personal finance class with the goal of getting my students as prepared as Paul usible for post high school life. I've tried to cover a variety of topics um such as credit cards, mortgages, saving for retirement, and currently we're starting to read The Total Money Makeover by Dave Ramsey, which I feel like does a pretty good job of covering some of the issues that can come

up throughout their lives. But my question is, if you had to put together a checklist of what a high school student should know by the time they graduate about personal finance, what would it be. And I just want to kind of have this so that I have a better tool to use just to make sure I'm covering everything that I can in order to prepare these students for life after high school. I appreciate all your help

with this and I really enjoy the podcast. Thank you, Greg, thank you so much for your question, and and thank you for teaching your students about personal finances. And we've talked about this before. Only five states in our great United States actually require financial education for high school students, and that a shame because most kids walk away knowing a lot about a lot of important subjects, knowing a little about some really unimportant ones, but knowing nothing about

personal finances. And that's something that affects them every single day of the rest of their lives. Yeah, Joe, and that reminds me of this article that you actually sent me about this teacher up in Philly, and he started this entire program, not just a class, but a program where his students were able to earn money, uh, learn how to handle their money, invest it right, all the different things that essentially we do in the real world within the sort of program that they have there at

the school. It's a fantastic article documenting that, and will link to that in the show notes. So Greg to answer your question. You know, we could give you basically a laundry list of all the different topics that we feel are are crazy important. However, and you could just read all of our episode list what that would be.

That's not very fun, And honestly, like, the more we think about it, the more that we feel that there are a few major concepts that I think if I was a teacher teaching students that there are a few things that would stand out we think are crazy important, those key principles, and so that's what we're gonna talk about, right,

the first of those being to track your spending. Right, if you are trying to do something with your money, hopefully that's spend less of it, invest more of it, you have to know where your money is currently going. You need to have eyes on it. Uh, And so the first thing you have to do is track you're spending. And it sounds super boring, but it's not right because think of it's sort of like if you're training for something.

We were talked about running earlier, but if you're training for a race, you need to know how to push yourself and you need to see where your weaknesses are so that you can make those changes. That's what a budget is. First, you track your your spending and then you start challenging yourself, right, you start setting those limits,

and that's what a budget is. A lot of times budgets can seem pretty lame and boring, but there are a lot of apps out there that once these kids start making money, and some of them might be might have part time jobs now where they can start doing that. But a really tangible way to make that come alive for them is to to set goals like what do you want to be able to do with your money? What milestone do you want to achieve by a certain point.

And that's what makes it real, that's makes it exciting is to know that cool, this is what I'm working towards. I'm trying to save up enough money. It's buy my own vehicle, right, my own car or hopefully more advanced. But they're thinking, oh, I can set aside this much money and that will grow because I've got it invested. And that kind of leads us to our next important point. Yeah, another major theme that I would want my students to learn if I was a high school teacher is to

be able to grasp the concept of compounding interest. I'm pretty sure compounding interests has been called like the eighth wonder of the world. If it hasn't, we're calling it now boom trademarks. I don't know, something probably warm buff

or somebody smart said that. But especially for high school students with how much time they have on their side, this concept is one that they need to grasp now because even just setting aside a few dollars a day from their minimum wage job or something that they might be working, that can turn into a million dollars by

the time they're sixty five. And so that is just a concept that if you can drill that home by making it simple and making it tangible and easy to understand, it's gonna make a huge difference in the rest of their lives. And it's gonna help them actually prioritize investing over spending because they understand how big of a deal compounding interest is. So I would definitely make that and

communicating that concept well a really high priority in the class. Yeah, Joel, and I think our third big point that we would want to see communicated to high school students has to do with credit cards. Greg you mentioned that y'all are starting to read the Total Money Makeover book, which is Dave Ramsey's and Dave Ramesy is a great start that

he covers a lot of great concepts. He actually does a good job of covering compounding interests, so that's awesome, but we personally feel that he does a pretty poor job when it comes to talking about credit cards. We think that having credit cards and handling them responsibly is an important lesson to learn. You need to have a good credit score in order to get a mortgage. There are very few folks out there in the world who are going to save up enough money to buy a

home in cash. Well, some people do it, it's admirable, but fact is, not many folks are going to be be able to do that. And so how to handle your credit cards and knowing the downside of that, right, this is the flip side of compounding interest. You can have compounding interests work for you if you're investing that money, but if you are in debt and you're making payments, what you've got interest working against you. And that's not

the side of it that you want to be on. Yeah, and one last thing in particular, because you're speaking to high school students, that we would recommend you discuss are the costs of college. I feel like that is something that a lot of these kids are in all likelihood gonna struggle with going to a school the costs more than they can afford, racking up student loans, maybe even their parents racking up student loans on their behalf, and in understanding the burden that can come by taking on

more than you can bear. And so maybe that means looking up a bunch of different schools and what the average annual tuition is, and then what the average annual

salary is for people that graduate from those schools. There are all sorts of different ways that you can help communicate this concept, maybe helping kids see that if they go to a local community college for the first two years of their college career, that they could potentially save ten of thousands of dollars and it just makes their lives so much easier post graduation if they're not saddled with massive amounts of student loans and so on episode

seventy we talked about that, but that is just such an important issue right now in our society, and so making sure that your kids understand the perils of taking out too much student loan debt. It's it's just crucial. They have to know that and they have to know it now. And it's also worth mentioning that college may not be for everyone out there. I mean, we know that it may not be for everyone, but is it talked about and the trades right that they're making a

comeback skilled laborers. But then obviously entrepreneurship, right, if you have students who are driven enough to kind of create something that they want to do on their own terms, that can be an excellent path to pursue as well that doesn't even involve college. Enjil one last bonus one is the stock trading game. A lot of times that's part of the curriculum when it comes to financial education in schools. I totally did that in high school. Yeah I did. I did. And it's fun. It feels like

gambling because that's basically what it is. But that's the downside of it is that it makes students think that investing is sort of this crap shoot that you're just gambling. Might go up and might go down, who knows, But really that's not what investing is all about. So I would stay away from that. Stock trading game altogether. I completely agree my friend. Okay, we've got two more listener

questions in a particular Matt. You're gonna answer a question about the cost of makeup, right, Yeah, I will, or my wife will, so yeah, let's bring her on. All right, we'll do that right after the break. All right, Jill, we are back and we've got a quick landlording question. Hey guys, this Lee and New Hampshire. Just got done listening to your episode of Listener Questions and had a couple of my own. First, what is your preferred way to receive rent? My wife and I are getting our

first tenants and we're wondering what is the best method. Second, my wife and I both work full time. She tried telling me that we shouldn't declare our income from our renters. What kind of problem are we setting ourselves up for with a decision like that. Thanks for your answers, and I'm sure I'll have more in the future. Matt. We love talking real estate. Yeah, and I kind of want to jump to that second part of this question, but let's just go ahead and go in order and uh

answer his question about rents. Okay, we'll go linearly. Uh. I still have one tenant, by the way, who refuses to pay me any other method except for a check personal check. Yes, that's fine, it's fine, it works, but it's just a little more annoying because I'm so used to digital payments now. I'm used to to using the cash app. I'm used to using Venmo. Yeah, both of those are awesome, Joel, you and I both use Vemo and cash app. They're super easy to use, really clean,

really easy. I have attendant that sometimes uses PayPal and it can be great as well. It's it's it's easy, but it adds the additional layer of having to select pay friends and family or pay for goods and services, and originally PayPal had set that up. I think for online businesses like eBay specifically to add some buyer protection when it comes to paying a vendor, there's a an amount of protection built in. They charged for that. It's

like two or three percent. And so if you're collecting your rent and your tenant doesn't pay your friends or family, you get hit with a two or three percent fee, depending on what you're in is that's that can be a lot of money, you know, bucks, and so that can be a pain personally, I try to avoid PayPal because of that. But I'm surprised to hear you knocking on personal checks. To be honest, Well, I just have to like wait for it to show up in my mailbox and then I got to take a picture of

it with my phone. It's just extra steps. Yeah, I guess I don't mind the picture. I mean, back when I had to go into the bank, Oh, that's way worse. Yeah, I hated it, right, I was all about digital payments at that point. I was even really happy with with PayPal. But I don't know that the mobile deposits are so easy now. Pretty much all banks have them now. I

personally don't mind. But one other service you should consider when it comes to accepting payments from your tenant is a service called Cozy, and the website is Cozy dot c o. And it's a really good, actually kind of suite of landlord tools that you can use. Cozy doesn't charge any fees to the landlord or the tenant in order to pay rent. They also have tenant screening tools

that you can use, and those do cost money. I haven't switched over to Cozy, Matt, but I've been on my radar because now I've got enough rental properties that I feel like it makes sense for me to kind of button things up a little bit more. And I feel like Cozy has this awesome suite of tools that make it free and easy for for landlords. Yeah, this is, at least I think the second time that you've mentioned Cozy, So I think it might be time for some personal

experimentation coming up here in the future. Joel, all right, I gotta make the change now. The pressure is on. But Lee onto the second part of your question about not declaring rental income. Uh, don't do that. Basically, that's tax fraud. At the very least, there could be fines and penalties. At worst, there could actually be jail time. It's just flat out illegal. So you want to make sure that you are in compliance with the I r S. You just want to make sure, yeah, that you're doing

the right thing. Yeah, and there are actually some benefits to declaring the income that you make from your rental property. You can deduct expensive is and you can take that depreciation as well on your taxes. Major repairs and remodels that you do to the property can have big impacts

on the taxes that you'll pay. Joel, and other big expenses as well, like I mean, insurance, But even the small stuff, right, you know, you can track your mileage to your rental property to check up on it for showings, just different things, just even keeping an eye on it.

That's not a ton, But all that little stuff adds up. Yeah, And depending on the spread between the costs associated with your rental property and the income that is generating, you might even be able to take a loss on your taxes on your rental property, therefore benefiting you on this year's taxes. So yeah, for many reasons, you're going to want to to clear your rental income. You're in for a big headache if you don't. All right, Joe, let's go ahead. Now get to our last question. This one

is about makeup. This one's a little bit out of our wheelhouse. Hi, mangel, this is Kimberly from DUBO Jacksonville, Florida, and I have a question about your wive's makeup situation. When I go to purchase makeup, just mascara alone is around ten dollars. So I'm wondering what your wives do to cut the costs when it comes to buying makeup. You don't want to buy the cheapest thing because you don't want to break out and stuff. So thanks for everything.

By it's real quick, let's talk about dove all that is that? How you do it? I've never heard of it before, but I like, I like the energy, so I'm gonna be honest. I did not know what the heck that was all about, and so I looked it up and evidently that's what Jacksonville Jaguar fans do, either during a football game or just when they are calling into podcasts and ask me questions. So well done, Kimberly.

I like it, and like I mentioned, it's understandable Joel that you and I don't have much experience with saving on makeup, so it's convenient that my wife Kate is here at the house and she can share what she does. So okay, thanks for dropping in. Sure. Happy to you, hi, Kimberly. I am happy to answer your question from my perspective. UM,

it absolutely resonates me what you're asking about. Always been shocked by how expensive makeup can be, and it's hard to know where to spend and where to save, and it's really different and personal decision for everyone. So UM, I can talk a little bit about what I personally do to save money on makeup that works for me. First of all, I don't wear makeup often, so I'm willing to spend a little bit more on a higher quality product. It lasts forever, and really I spend very

little on makeup overall. Even still, usually, and I've found a product that I want to purchase, I will Google it, but leads me either to website that's currently offering a sale on that product, or sometimes it will lead me to one of the many instagrammers who are out there testing one products a day and offering um suggestions or recommended duplicates or knockoff products for more expensive products. So, um, if you purchase makeup rarely, spending a few minutes on

Google can save you a lot. So you found okay that there's not necessarily a website that has all the cheap stuff, that's like amazing, No, there are there are

thousands of makeup websites where you can purchase. UM. I do think maybe googling the name of the website and reviews after that it's helpful because some of these are just going to take your money or send you a product that isn't actually what you ordered, so they're constantly changing, constantly offering different kinds of sales and deals, anything from Alta to Macy's two Nordstrom. I would stick to something you've heard of before so that you don't end up

um with a fake product. But you should be able to find a sale on whatever makeup you're looking for almost all the time, especially around the holidays, when they're offering gifts with purchase or they're offering buy one, get one deals on some of the bigger websites out there. That's a really easy quick way to save a lot

of money on makeup. So another thing I do to save money on makeup is stick to more of four table brands when the product that I'm looking to buy is more trendy product and it's less something that I'm gonna wear often for an entire year. So lip color, eye color, nail color, those are usually a really good

place for me to save a lot of money. I know I may not finish the whole product, and so I'm not willing to spend very much on those things, um, But more foundational products like baby creams and powders and lotions and stuff like that that I know I'm going to finish. Wait, what's did you say baby cream or baby cream? What's that b So it's like a foundation mixed with usually an SPF and a lotion altogether. Cool.

I'm learning so much on this episode. Another thing you mentioned in your question then I will talk about for just a minute, is that more affordable makeup is not always worse for skin. I have really sensitive skin and have experienced irritation from products that do not always line up with what I spent on that product. So trial and air is super important for me when it comes to makeup, which leads me to remind everybody that you

can return makeup. I like to try a product a couple of times to make sure that I love it before I decided to keep it, and since it's not cheap, I do not hesitate to return it if I do not totally love it, so I'm not just packing out a drawer with a bunch of products. I don't use um everywhere I've ever purchased makeup except returns. I just hold onto original packaging and receipts for a couple of weeks and never had a problem. The final thing I do probably to save money on makeup is to remind

myself to use what I already have. So anytime I am going to purchase a new product, I remind myself to go back through the makeup I already have make sure I don't have something similar to what I'm thinking about purchasing. I have been guilty of not using makeup down to the last drop in the past and going ahead and purchasing a new product before has really been needed. So now I challenge myself to always use it all up and look back over what I have before buying

something new. So those are all the tips I have off the top of my head, Kimberly, I hope that's been helpful. I would also recommend checking out the how to Money Facebook page and continuing this conversation over there, as I feel like there are some super savvy ladies over there, right, very helpful. Yeah, I've learned so much from that group, so more detailed answers probably over there if you'd like to continue the conversation. One last question for you, k can you buy makeup on eBay? Like?

I don't know. I'm not saying necessarily that it's going to be used, but I mean you can get anything on eBay, right sure, new unopened makeup on eBay from people who sell it privately or from makeup artists. There are tons of products on eBay that are legit that you can purchase at great discount. So yeah, that's a really good place to look too. Cool awesome babe, thanks so much for coming on and sharing your makeup wisdom with us. Sure anytime, all right, so I must get fests.

I personally don't want makeup. Uh. I did when I was a kid, when my sisters will put it on me, But since those days, just zero makeup for me. But I did find this site. I think it might be helpful for Kimberly and for other ladies who are looking to save on makeup. It's called brand if I b r A in D E F Y dot info, and they have an app. It's iPhone only, but they compare store products to the name brand products, and they have

specific Brandify reviews. And so, for instance, there's one on foundation and and they compare a forty foundation to a twelve dollar foundation, and the reviewer says, in my opinion, if you don't care for the sweatproof, then there's no need for the name brand, go drug store and get a great foundation that lasts all day for cheap. So this could be a good site for ladies to check out. It might be helpful when they're comparing like inexpensive verse

really expensive makeup options. It's kind of fun to take something, Matt, that we don't know to answer on our own. Had to bring your life on but so hopefully Kimberly in Duval get a nice little answer there. I don't think that's how you do it either, dude, keep I keep trying. Not working all right, we lost all the time we've got for listening questions on this episode, Matt. It was

super fun. And any other listeners who want to get in on the action in future episodes, well they can go to our website how to money dot com slash ask. But real quick, let's get back to the beer. We had a beer called form to Table on the show today and it was real nice. Yeah, man, I really enjoyed this one. I'm not sure if you said what kind of beer this was at the beginning, but it

is a rustic table beer. And I don't know if this is the proper definition of a table beer, but in my book, it's just a beer that you can have pretty much any time with any food pairing. It doesn't have an overpowering flavor. Uh, It's something that you can enjoy pretty much whenever with whatever. And what that also means, man, is that this is a really refreshing beer.

The a b V on this is only three and a half percent, so it's really easy to drink, but it's still got some of those sort of funky farmhouse flavors going on. And I dig it. Yeah, this is a style that I'm getting more and more into that I just had more of an appreciation for because it is one of the those beers that's accessible but still tastes good. And so yeah, I really enjoyed this one. And big thanks to Adam and Philly for sending this

one over to us. So again, props to Form and we're excited to have had this beer on the show. But Joel, I think that's gonna be it for this episode. Man, Yes it is. But we will have links to some of those apps so we mentioned and more on the show notes for this episode at how to money dot com. And if you found this episode helpful, we would love to hear from you. Our listeners just search for how to Money over at an Apple Podcasts as if you

didn't know that's what this podcast was called. But leave us a review over there, that would be awesome. We'd love to hear from you, our buddy, until next time. Until next time, best friends out, Best Friends out Man