This week's episode covers the growing trend where employers are offering student loan reimbursements as part of their benefit package. Social Media https://www.somethingonmymind.net/ https://www.instagram.com/somm.podcast/ https://www.somethingonmymind.net/ https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://www.tiktok.com/ @somm.podcast?lang=en https://www.facebook.com/somm.podcast https://twitter.com/Somm_podcast Student Loan Reimbursement https://www.usnews.com/education/blogs/s...
Aug 26, 2021•2 min
In this week's episode we interview Robin Taub, the author of the Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. In the roundtable we discuss how our son Chase found a legal and easy solution to reduce his parking tickets rather than paying for a semester pass at college. For the story of the week, we talk about "shrinkflation" which is selling a lesser amount food for the same price that is delivered with slight changes in packing. The result is t...
Aug 23, 2021•53 min
This week’s topic is about the increase of prices of clothing especially for back to school clothes. Due to the disruptions in the supply chain with high demand and low volume equals higher prices. Social Media: https://www.tiktok.com/ @somm.podcast?lang=en https://www.facebook.com/somm.podcast https://www.instagram.com/somm.podcast/ https://twitter.com/Somm_podcast https://somethingonmymind.net...
Aug 19, 2021•1 min
This week’s personal finance topic is about three travel tips that can save you money during a trip as well as understanding what a trip can cost before you leave.
Aug 12, 2021•2 min
This week's topic talks about the single use plastic sandwich and storage bags that can be replaced with silicone which is ecofriendly and durable.
Aug 05, 2021•1 min
This week's personal finance tips reveals that washing in cold outweighs the benefits of washing in hot. There are multiple advantages that also benefit the environment.
Jul 29, 2021•1 min
Interest rates have been extremely low for several years which most American’s have taken advantage of and they should. The allure to make this move is that mortgage payment will be lower; however, you don’t want to refinance just to refinance. If you do not stay in your home long enough you may actually lose money
Jul 22, 2021•2 min
This personal finance tip is about switching from a traditional butane lighter to an arc lighter. They last longer and it reduces environmental waste.
Jul 15, 2021•1 min
This personal finance tip is about the benefits of doing business with a credit union. Many people bank with major banks; however, credit unions can offer many advantages that banks do not. One is they may offer a more personalized customer service, lower fees and higher interest rates on savings. Another benefit is competitive interest rates on loans.
Jul 08, 2021•1 min
This personal finance tip is about Rubbermaid's FreshWorks food storage containers that increases the life of fruits and vegetables by 80%.
Jul 01, 2021•1 min
This personal finance topic provides six tips on how to save money on sports, music, plays and other entertainment.
Jun 24, 2021•2 min
This personal finance tip is about the Blueland line of cleaning products. This includes mirrors, bathrooms, multi surface as well as dishwashing and laundry. These products save you money over traditional cleaners and helps reduce waste specifically plastic, while reducing the environmental footprint.
Jun 17, 2021•2 min
This episode's main topic is about a listener question: is it advantageous incorporate a 13-payment plan with your mortgage lender? The answer is yes and possibly no. We also take review listener feedback regarding recent personal finance tips of the week. The roundtable the discussion is about our neighbor that continues to make other people's yard look worse. We also tell story of woman that received her final child support payment in the form of 80,000 pennies that her ex-husband dumped on he...
Jun 14, 2021•24 min
This personal finance tip is on the caveats of options trading. Options are very risky and truthfully it is gambling. It is important to make sure that you should not play with money that you cannot afford to lose.
Jun 10, 2021•2 min
The tip of the week discusses how to roll in closing costs into a home purchase or refinance. This can reduce the upfront cost burden; however, it means more is money borrowed which accumulated additional interest over the life of the mortgage.
Jun 03, 2021•2 min
This episode covers the current state of the student loan crisis that puts college graduates into debt when the enter the workforce. This is a hindrance that holds people back from achieving financial goals. The White House and Congress have been discussing the solutions to forgive debt; however, nothing has been accomplished and there is no resolution in the near future. In the roundtable the discussion centers around people who have "Gone Commando" because they ran out of underwear and those t...
May 31, 2021•57 min
The tip of the week centers on why drinks at bars and restaurants are expensive. This centers on the actual cost of the alcohol and other ingredients along with the pour cost. This is why drinking is an expensive budgetary item.
May 27, 2021•2 min
The financial topic discusses the rising inflation. What causes inflation and what are the types of inflation. How does it effect the stock market and the overall retirement next egg? In the stories section they talk about the crazy and unusual things that people have been doing to hoard the gas due to the fuel shortage. They review funny tweets that have been posted. Gas Hoarding Pictures https://www.boredpanda.com/usa-gas-shortage-pics/?utm_source=google&utm_medium=organic&utm_campaign...
May 24, 2021•55 min
The tip of the week centers on saving money on gasoline in the budget with the GasBuddy App. This tool lets you filter on the type of gas that you need as well as the brand, location, and price. In addition, you can drill down to places that have car washes, restaurants and restrooms. GasBuddy also alerts you with price hikes and daily deals and has a rewards card to save more money.
May 20, 2021•3 min
In this episode: Is it more beneficial to lease or buy a car. Prices for automobiles are inflated due to the chip shortages in tandem with high demand from consumers. So what is the most advantageous choice for the cost in the budget? Perhaps buying a used car. In the stories section they talk about Lou Ottens; the inventor of the cassette tape and they review inventors who regretted their inventions. Lou Ottens - Cassette Inventor https://www.theguardian.com/world/2021/mar/11/lou-ottens-invento...
May 17, 2021•1 hr 9 min
The budget tip of the week centers on saving money on your Internet bill in the budget.
May 13, 2021•2 min
This episode takes another look at the, FIRE movement which stands for Financial Independence Retire Early. It incorporates many of the tools needed to retire; however, typically there is not enough money saved to handle the unforeseen costs with health insurance, raising children, saving for their college and paying into social security. It also prevents many investors from enjoying their favorite things in life due to a frugal lifestyle. This can effect family and friends. In the offbeat stori...
May 10, 2021•1 hr 1 min
The budget tip of the week centers on saving money when it comes to shaving. The cost for razor blades are one of those items that quietly add up in the budget. We did some digging and found a product called the Razorpit that we have been using for years. This is a product that extends the life of a razor blade exponentially for a small cost.
May 06, 2021•2 min
This week's episode reviews the life after college. These are many of the questions that people are asking: Am I going home? Do I have to? Can I get a roommate and split rent? I need a job? My internship fell through during COVID. Do I have anybody that I can network with? I need a budget. How do I budget? I need help! In the stories section David and Cindy discuss the unusual and crazy jobs people have that you didn't know existed. They also discuss how a man in Japan has been arrested for taki...
May 03, 2021•1 hr 4 min
The budget tip of the week explains why as of 4/28/21 this may be the worst time to buy a home. Since April of 2020 lumber prices have jumped 200% and are adding approximately $24,000 to the price of a new home. Prices for steel have risen 22% in the last three months. Since April of 2020 the price for copper has risen 191%. In December 2020, the median price for a single-family home increased 13.4% from a year ago to $340,000. The question is, should you get in now before this happens? If you a...
Apr 29, 2021•3 min
This week's episode reviews the Life and Crimes of Bernie Madoff who passed away on 4/14/21. How he designed and executed the most well-known Ponzi scheme in history; when did the scheme start, how his legitimate businesses masked his client business? Who were his investors and how was restitution granted. In the roundtable Cindy review her top 10 observations while having COVID. In the stories section, they review story of a man who though he was an only child only to learn that he had 31 sibli...
Apr 26, 2021•1 hr 5 min
The budget the tip of the week explains the value of not buying hanging baskets of flowers and opting to opting to purchase flats of flowers. The cost can be 50% less and this can be a nice impact to disposable income in the budget. This also allows for more creativity in making baskets on your own.
Apr 22, 2021•3 min
This episode reviews the College Admissions Scandal documentary on Netflix. Rick Singer the mastermind behind the "side door" method created a system to get students into prestigious schools through a "dummy" charitable orgninization. With this set up, rich and well-known parents paid Rick Singer to where he took the money and bribed coaches, school administration officials and an SAT a ACT test taker. In the end the students where being admitted to as walk-on candidates to under the radar sport...
Apr 19, 2021•39 min
The budget tip of the week, explains the value of knowing the break even point with budgeting. At what point after buying a new product or service does it pay for itself over your current choice? Once this is determined, then you will begin to see increased disposable income in the budget.
Apr 15, 2021•3 min
Kyle (32) and Ashley (31) recently were married and have bought their first home. I discuss their choices around how much they decided to spend on their house and the wedding. They differ from many of the Millennial credos which are around passive income streams, side hustles (gigs) and the F.I.R.E movement. They are building their wealth and lifestyle around the standard corporate job structure. At this point, they are ready to take the next steps in their personal finance journey. They have sa...
Apr 12, 2021•50 min
