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Couple Money Podcast

Updated 2 months ago

Business
Kids & Family
Investing
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Elle Martinez from Couple Money discusses how to build your net worth and your marriage by helping you create a financial system that works for both of you. Each episode will tackle a topic that couples deal with such as paying off debt faster, saving for the future while still enjoying today, how to invest smarter, and retiring early.

Read more

Elle Martinez from Couple Money discusses how to build your net worth and your marriage by helping you create a financial system that works for both of you. Each episode will tackle a topic that couples deal with such as paying off debt faster, saving for the future while still enjoying today, how to invest smarter, and retiring early.

iTunes Ratings

109 Ratings
Average Ratings
89
8
3
6
3

Tackle it together

By Sunliz - May 11 2018
Read more
Mixing up episode length and breaking down finance together is a great combination!

A must

By MarketBasix - Nov 22 2017
Read more
If you want to be happy in your relationship and with your money, this is a must listen.

iTunes Ratings

109 Ratings
Average Ratings
89
8
3
6
3

Tackle it together

By Sunliz - May 11 2018
Read more
Mixing up episode length and breaking down finance together is a great combination!

A must

By MarketBasix - Nov 22 2017
Read more
If you want to be happy in your relationship and with your money, this is a must listen.
Cover image of Couple Money Podcast

Couple Money Podcast

Latest release on Jun 04, 2020

Read more

Elle Martinez from Couple Money discusses how to build your net worth and your marriage by helping you create a financial system that works for both of you. Each episode will tackle a topic that couples deal with such as paying off debt faster, saving for the future while still enjoying today, how to invest smarter, and retiring early.

Rank #1: CM_005_Joint_Bank_Accounts_and_Happier_Marriages.mp3

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Oct 22 2014

17mins

Play

Rank #2: Finding Your Best Money System as a Couple

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Looking to stay on top of your money together without a complicated system? Learn how you can win with money and how HoneyFi can help you dump your debt and build wealth together!

Sep 08 2017

15mins

Play

Rank #3: Marriage and Money: Working Together as Financial Opposites

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Are you two frustrated because you're financial opposites? Learn strategies and conversation starters so you can get on the same page and win with money! 

When Financial Opposites Attract

Money fights are an incredible source of stress with marriage when left unchecked.

it doesn't have to be that way.

There are couples who have achieved huge goals - like paying off massive amounts of debts, buying their dream home, or travel together by harness the advantages of their differences.

The key is learning how to work together even when they are financial opposites.

I usually don’t do two guests, but I wanted to show how 1 - there are certain principles that can help every couple and 2 - there are times when you have to carve your own path.

Her Money Matters author Jen Hemphill and Zeta CEO and founder Aditi Shekar join the show today.

In this episode we get into:

  • Creating your goals and money take
  • Finding a budget you’re both on board with
  • How to deal with tricky situations - like lending money to family - without straining your marriage or money

Think you’ll hear a lot of familiar stuff and get some new ideas with this episode. Hope you enjoy!

Resources to Combine Your Finances

Here are some resources to dive deep into how you two can work together as a team with your finances. 

We’re going to discuss the ins and outs of merging finances and personalities in our private Facebook group over at Thriving Families. It’s free and fun - please join us!

Zeta: Helping Couples Master Their Money Together

So happy Aditi could join us on this episode. If you two are looking for a customizable solution with your finances, please check out Zeta.

Zeta helps you stay on top of your finances together by helping you understand where your money is going. Track all of your accounts in one easy to use spot.

Stay on the same page about money! Drop memos on specific transactions, add monthly notes to remember what happened, or split spending as needed. Go to Zeta to get more info!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Sep 19 2018

29mins

Play

Rank #4: How to Save More Money as a Family

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Does your family budget feel tight? Learn 3 key ways on how you can save hundreds of dollars each month while raising your kids and still having fun!

Saving More as a Family

I know that financial independence is a buzzword in the personal finance sphere. You got stories where people are saving 60, 70% of and retiring in 5, 10 years.

I commend anyone is who simplifies their lives and removes the needless excess so they can achieve the goal.

What I do see missing in some of these dramatic stories are the numbers, details, and well, relatability.

Saving 70% of a $200k income is an achievement, but so is saving 20% of a $50,000.

And to be helpful to families of different incomes, we need to look at the principles behind and it really comes down to mastering the art of living well on less.

Notice I didn’t say living on less. You do have to spend less than you earn- that’s a core financial principle - but the other is living well. This is about a financial diet where you deprive yourself just to save more. This is about a lifestyle where you nail what truly matters to you, cut out the noise, and move your money towards your dreams.

Now, before you can pay off your debts, have an emergency fund, or invest for your future you have to have some money, right?

We have to develop our muscle with saving more.

Which is why we have Ansley Fender on today. She’s a Personal Finance Coach and Writer.

Ansley helps people make sense of their money by designing spending plans that align with their goals and lifestyle preferences.

She also understands firsthand what it’s like to accumulate $100,000 in student loan and consumer debt while climbing her way out as a new mom.

In this episode, we get into:

  • How to pursue financial freedom when you want to have a life
  • Ways to have fun as a family without breaking the bank
  • How you can earn some extra cash by doing things you already enjoy

I hope you enjoy!

Resources to Save Money

Want to start boosting your savings rate? Here are some resources to check out:

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Jan 24 2019

15mins

Play

Rank #5: How to Save for Your Biggest Goals Together

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Do you two have several dreams you want to achieve, but not making any real progress? Today I'll share how you can save for your big goals together! 

 

How to Save for Your Biggest Goals

Today we're going to tackle the three biggest hurdles to saving and achieving your goals:

  • Getting your spouse on board with saving
  • Getting on the same page with your goals
  • Finding money to save

Hope you enjoy!

Resources to Define Your Priorities and Big Goals

Whether it’s a joint or personal goal, there are handy resources available to help you two achieve your dreams.

Handy Tools to Save More Money

Here are a few of my favorite tools that make saving money much easier!

Jumpstart Your Marriage and Money Course

Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course.

Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course design to help you:

  • Stop fighting about money and create a budget that you BOTH LOVE
  • Automate your money
  • Pay off your debt faster Plus more!

You can get lifetime access here. 

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Jun 08 2018

13mins

Play

Rank #6: Meal Planning Essentials for Busy Couples

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Does your food bill blow your budget? Today you'll learn how to master meal planning to save you a ton of time and money! 

How to Save with Meal Planning

One of the biggest bills couples have - especially busy ones - is their food.

Between eating out and buying food for the family, there doesn't seem to be enough money to cover everything. 

We discussed saving money when eating out a few episodes ago. Now we're looking at the other side -mastering your groceries and meals at home.

I asked my buddy Jen Smith to come on board. She's the creator of Saving with Spunk and the author of the new book Meal Planning on a Budget.

In this episode we discuss:

  • how meal planning doesn't mean leftover every night
  • the magic of slow cookers
  • how seasonal and sales eating is lower your bills and be better health wise

Hope you enjoy!

Resources to Save Money While Eating Well

Want to cut your spending on food without sacrificing quality? Here are some resources to check out.

Jumpstart Your Marriage and Money Course

Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course.

Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course design to help you:

  • Stop fighting about money and create a budget that you BOTH LOVE
  • Automate your money
  • Pay off your debt faster Plus more!

You can get lifetime access here. 

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Jun 13 2018

20mins

Play

Rank #7: 5 Easy Ways to Simplify and Reboot Your Money

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Money can be a huge source of stress, but it doesn’t have to be.

Today I’m going to share 5 ways you can simplify your finances so you two can enjoy your marriage and money!

Simplify and Reboot Your Money

How do you feel about the progress you’ve made this year with your finances?

If you’re not quite happy with where you are right now, don’t panic. There’s still plenty of time to reset and reboot things with your money.

Since my Dump Debt Together session aired last Monday as part of the Mamas Talk Money Summit, I have been keeping busy answering some of your questions about changing things up for the better.

I’ve noticed that the biggest concern is getting the ball rolling.

You’re more than welcome to dig around the site and podcast. With over 1,000 articles and 300+ episodes, we cover a lot here on Couple Money.

But I know that approach can make you feel overwhelmed so today I want to wrap up this special series on the podcast with how you can get started.

In this episode we’ll look at:

  • habits to develop that will make your finances much easier to handle
  • key numbers to track (and which to pass on)
  • An easy way to reboot your money

Hope you enjoy!

Resources to Hit Your Money Goals

If you two are looking to improve how you talk and work together with your finances (and lives), please check out these resources.

If you want to discuss talking with your spouse about money, ask questions, or share your own tips please join us over at Thriving Families on Facebook.

5 Ways to Simplify Your Finances

Whether you’re the spreadsheet king or queen or more the big-picture person, I think we can all agree that we want to streamline our finances so you can focus on the people and things that matter to us.

You can really dive into the weeds with finances and debate the minute, but if you’re looking for big wins not only with your money but your marriage, here are 5 things you need to focus on.

#1: Go on Regular Money Dates

Why do I talk about money dates so much? It’s because they work!

Pretty much every couple whose paid down debt, saved a significant amount, or is on the path to financial freedom does this.

They may call it something else (like Andy and Nicole with their budget parties 🙂 ), but the idea is the same.

Having a regular time where you’re in a relaxing and low key environment to get together to discuss your dreams and your money

It can be a night out at one of your favorite restaurants or you’re just in the backyard relaxing with a glass of wine by the firepit.

Wherever and however you have your money date, you want to make sure you look at the goals you’ve created together (your WHY) and then review your numbers.

Knowing your budget, your monthly cash flow, and net worth is smart.

If you’re not sure how to start or even begin the conversation about finances, pick up my Jumpstart Your Marriage and Your Money.

I take you step by step through money dates, with conversation starters and ice breaks. I also share a 4-week plan to get you two on the same page with money.

#2 Switch to a 50/30/20 Budget

If the idea of making a budget makes you break out in hives, then you have to switch things up.

Typically when someone is complaining about a budget, there are a few key reasons. The root of it for many is that there’s no room in the budget for what matters to you. It’s so strict, you can’t any fun with things.

And while that might look like a good idea on paper – you think you’re going to get out of debt faster or hit your goal sooner – it’s usually an exercise in frustration.

Sustainable is the way to go and for most couples, it’s a process and one of the best budgets to get you started on that path is the 50/30/20.

As you probably figured out, your money (net income in this case) goes into one of three ‘buckets’ of expenses.

  • 50% Essentials: This covers your ‘needs’ like rent/mortgage, food, utilities, and necessary transportation.
  • 20% Financial Priorities: This money is allocated for your future such as investing for retirement and taking care of important money goals now like having an emergency fund and paying off your debt.
  • 30% Wants: These are your lifestyle choices. What do you two enjoy?
#3: Automate Your Budget

A simple trick that’s helped us is scheduling the bills to come out 48 hours after the deposits gone in.

You can use track your progress with apps and options such as:

  • Personal Capital – If you have a ton of accounts between you, this makes it easy to sort them out.
  • Tiller – Love how easily you can customize it based on your unique budget.
  • Zeta – Created for couples, by couples, Zeta is designed around how you two want to share your accounts.
  • Honeyfi – One of the first on the couple money app scene and very focused on getting you to share goals.
  • Mint – If you’re looking to get a handle on your budget, Mint is a very visual way to see what’s happening.

Don’t forget that along with bills, you want to automate things like your debt snowball or if savings if that’s your goal.

#4: Only Use Cash When Eating Out

Chances are eating out is a big expense with your monthly budget. Those quick lunches with coworkers seem small, but those constant convenient and on the go meals typically add up to more than you estimated.

Something that I’ve seen that’s helped me curb my spending is using cash.

There are families that like to use cash for multiple expenses and they stash them into different envelopes to track things down, but for me, that was too much work.

I’ve found that just using cash for lunches keeps me aware of what I‘m spending and minimizes me breaking the budget.

#5: Develop Laser Focus on Your Goals

Don’t try to work on all your expenses across the board. You can burn out quickly trying to slash multiple expenses at once.

I think one reason systems like Dave Ramsey’s baby steps are so effective is that they have you laster focus in on one step or goal at a time.

You begin with a starter emergency fund, then it’s all in with paying down debt, then you can fully fund your savings, and so on.

While you don’t have to be as gazelle intense as some people are – it can actually backfire with getting your spouse on board – having a priority can be powerful.

Want to optimize your spending? Try monthly challenges with one thing. Give the cash envelope a go next month.

I want you to build better habits, not go for quick wins that get undone by the next month.

If you’re pressed for time, there are options like Trim that can save you money by canceling subscriptions, finding deals with insurance, or negotiating with your cable bill.

Just focus on one thing at a time each month and by the end of the year, you’ll have some big wins.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere 

Oct 30 2019

11mins

Play

Rank #8: How to Talk to Your Spouse About Money

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Need to talk about money, but worried about starting a fight? Learn easy and stressless ways you two can have the money talk and get on the same page with your finances! 

 

How to Talk About Money (without Starting a Fight)

While it makes for good TV drama, finding out your spouse has been hiding massive debt is so not the way to start talking about money.

But how do you do that – how do you start talking about money? Certified Financial Planner and NY Times best-selling author Carl Richards is on today to share some ways you can begin.

In this episode we get into:

  • Why it’s hard for most couples to talk about money
  • How money dates can keep things light and fun
  • Ice breakers to get the ball rolling

Hope you enjoy!

If you’d like to hear more from Carl, please listen to our first interview about creating a one-page financial plan!

Resources to Help the Money Talk Go Easier

If you two are ready, here are some fantastic resources to make talking about (and managing) money much less stressful!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union!

If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

Meet Carl Richards

Carl Richards is a Certified Financial Planner™ and creator of the Sketch Guy column, appearing weekly in the New York Times since 2010.

Carl has also been featured on Marketplace Money, Oprah.com, and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world.

Through his simple sketches, Carl makes complex financial concepts easy to understand.

His sketches also serve as the foundation for his two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money.

Keep Takeaways for Talking About Money

Before we close up I want to focus on some key takeaways I got:

  • Make talking about money a normal part of your conversations.
  • Focus on the WHY before the HOW
  • Keep it simple

If you’d like to chat more about getting on the same page with your spouse about money, please join us in our private and free FB group – Thriving Families.

We’re families looking to support and help one another out. We’re over at couplemoney.com/fb

Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

May 23 2019

24mins

Play

Rank #9: How to Get Out of Debt This Year as a Couple

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One of the top three financial goals people have is getting out of debt, but few actually knock it out. Today we’re diving into key money systems couples have used to become debt-free!

Best Strategies for Couples to Dump Debt Faster

How are you doing?! I hope you’re having a wonderful week.

We’re back. New Year, a new season of the podcast.

I want to start off by saying thank you. Your support has been incredible and because of it, we’re here for season 10!

When I started the site Couple Money and even the podcast a few years, my goal was pretty simple.

Help couples not only get their finances in a good spot but find a way for money to be a way to work together instead of being a source of stress.

Whether you’re paying down debt, saving for a dream, or going down the path of financial independence, the main focus is doing it as a team.

We’ll definitely be covering that this season again, but there’s another issue I’ve been seeing that has added a layer of unnecessary stress when it comes to finances.

As I look at my newsfeed on my phone or catch some stories that get picked up, I just see this trend of HUGE stories.

Debt-free stories where the couples have paid massive amounts of debt – six-figures- in a crazy short amount of time.

Couples who have saved 60%, 70% of their income in a year.

These are incredible stories and I’ve found them at times to be motivating and challenging us to look at how we spend money.

I’ve even had a few of them on the podcast.

However, when these are the stories that get picked up again, and again, you kind of get a bit fatigued and when the headlines only tell part of the story – like the fact they were making incredible amounts of money, then you can feel discouraged.

Add on that many of these stories don’t talk about that key step – aligning your goals and getting on the same page.

If you’re not there, then you almost can feel like throwing up your arms and just giving up.

I don’t want to give up. I would love for you to tackle those big goals, but more importantly, I want you two to feel comfortable and excited about the plan you two carved out for yourselves.

How?

By acknowledging while there are certain financial principles that are incredibly helpful, we all have different approaches to how we tackle our goals.

Today we’re going to do that with one of the most common goals families have with their finances – paying off their debts.

Today I want to share some guests we’ve had on the show who have become debt-free, but had different amounts and time tables.

In this episode we’re looking at:

  • The step by step process of how to set up a system to pay off your debt faster
  • Some of the most common hangups couples have with becoming debt-free
  • Tools and apps to make it easier

Let’s get started!

If you’re looking for some more inspiration, tactics, and encouragement about becoming debt-free together, please check out my interview with Chris Browning.

Resources to Pay Off a Mountain of Debt

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Your Debt-Free Plan

And if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

Our goal is to help one another out. Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Jan 01 2020

25mins

Play

Rank #10: 5 Key Ways to Pay Your Mortgage Off Faster

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Want to be completely debt free, including your house? Find out the key changes one couple made to pay off their mortgage in less than 5 years! 

Pay Your Mortgage Off Faster

What would you do if you owed your home free and clear like Andy does now?

With no mortgage payment what options would open up?

There's a good chance you'd love to get rid of your mortgage, but the idea of getting rid of such a huge amount makes it seem impossible. Forget paying it off in 5 years, you may struggle to even see a way to reduce it in half.

Right now median purchase price of a home here in the United States is $235,000, with 10% down. Now if you live in D.C. you're looking at $400,000 with my buddies in Cali close behind at around $350,000.

Not cheap. Probably the biggest purchase you'll make.

Which is why I asked my buddy and Marriage, Kids, and Money creator, Andy Hill, to come on. He's an awesome guy, really excited to get couples closer to their debt free goals. We both know that not everyone can replicate what Andy and his wife Nicole did - we all have different circumstances - but there's a lot to their process that could make all the difference with you and your home.

In this episode, we discuss:

  • why they were adamant about knocking out their mortgage so fast
  • steps that were crucial to paying off their mortgage
  • tools to help you be debt free faster

Hope you enjoy!

Resources to Dump Your Mortgage Faster

If you’re looking to dig in deeper for ways to pay your mortgage off faster, here are some resources to check out:

And if you two are looking of more ideas on how to find, save, and make extra cash to pay down or debt or use for whatever gal you have, please sign up for my free 5 Days to $5K course. It's a week-long special email series that will help you get some extra money in.

Thank You to Our Partners

Support for this podcast comes from partners like Personal Capital. Easy to set up & easy to use. You can have all your investments, income, and expenses all pulled into one place.

Easy to set up & easy to use. You can have all your investments, income, and expenses all pulled into one place.

Did I mention it’s free? Why don’t you give Personal Capital a try today?

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. I also want to thank Lee Rosevere for music in this episode.

Apr 19 2018

20mins

Play

Rank #11: How to Fix Your Relationship and Money with Financial Therapy

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With money fights being the main cause of divorce, many couples could use some financial therapy. Learn habits and techniques you can use to make money talks less stressful and more productive!

Is Financial Therapy Right for You? 

Money problems are usually symptoms of a much deeper issue. It can be within our relationship - how we communicate or it can an issue we ourselves have like anxiety or depression.

From our personal experience and hearing from other couples, it can be more common than you think. And that matters because if you don't get to the root, it can keep popping up. And in some cases cause damage.

Financial education is crucial, but sometimes you need to a specialist. I'm not a therapist, but I do know one and she's here to help.

Kine Corder is here on the podcast to cover some problems and bumps couples experience when dealing with money.

In this episode, we get into:

  • common issues couples have when they come to her for financial therapy
  • ways to communicate better so things are less stressful with your relationship and money
  • habits to help you two move forward

Hope you enjoy! 

Resources to Get on the Same Page with Money

Learning how to work as a team isn't automatic. Here are resources to give you the tools to stop fighting about money and win. 

Jumpstart Your Marriage and Money Course

Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course.

Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course design to help you:

  • Stop fighting about money and create a budget that you BOTH LOVE
  • Automate your money
  • Pay off your debt faster Plus more!

You can get lifetime access here!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Apr 17 2018

16mins

Play

Rank #12: How to Budget Together for Savings and Fun

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Want to stop living paycheck to paycheck, but not sure where to start? Learn how to create a budget together so you can have fun now and some savings later! 

Create a Budget You Both Love

How do you feel about your budget?

Be honest.

Chances are you're not exactly thrilled about it.

A survey conducted by Experian found that nearly half – 42% to be exact – don’t use one because they feel like they're ineffective and unnecessary.

So how do you create a budget that you both love?   Peter Polson from Tiller, one of the coolest money apps out there, is joining me today to offer some fantastic suggestions and ideas.

In this episode we'll discuss:

  • how a budget can fit into your life and grow with you through your marriage
  • how to fit your personal hobbies into your budget
  • why there is no one size fits all budget

Hope you enjoy!

Resources to Budget Together

Do you two want to get on the same page with budgets? Here are some helpful resources mentioned in the episode and more.

Budget Templates to Try Out Thank You to Our Partners

Support for this podcast comes from partners like Personal Capital. Easy to set up & easy to use. You can have all your investments, income, and expenses all pulled into one place.

Did I mention it’s free? Why don’t you give Personal Capital a try today?

May 03 2018

17mins

Play

Rank #13: How to Become Super Savers This Year

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Whether you’re saving for emergencies, a vacation, or a house, you have to have some way to stash away that money.

We’ll look at some popular savings hacks and how to find the best savings option for you!

Are you saving up for something big this year? If you are, you have plenty of company. 

Fidelity released its 2020 New Year Financial Resolutions Study and found that 53% of those surveyed who were planning on working these finances had saving more as their goal

That’s great news considering on average, we’re not really saving enough. 

According to GoBankingRates when they asked more than 5,000 adults their savings balance, 58% had less than $1000 saved and 32% admitted to not having anything at all in their savings. 

That is a really vulnerable position to be in. 

So if you want to turn things around and really ramp up your savings, I think you’ll enjoy today’s episode. 

I’m sharing the best tips and stories from one of the super savers and favorite guests I’ve had on this podcast.  

Financial educator and Journey to Launch creator Jamila Souffrant and her husband saved over $80k  one year while living in NYC

More interestingly is how she was able to get him on board. Great ideas on how to approach not just the process, but enjoy the journey together. 

Joe Mecca from Coastal Credit Union and another super saver is also back on to break down his goals for this year and how he’s saving for them. 

In this episode we’re looking at: 

  • why your savings rate matters
  • Where and how to get started with savings in your budget
  • how to set things up so you’re automatically saving more while still enjoying life

Let’s get started! 

Want to start boosting your savings rate? Here are some resources to check out:

Support the Podcast! 

If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word. If you have friends who could boost their savings, please share this episode with them on social media or just email the link!  
  • Leave a review. Every review helps! Please share your honest feedback on Apple Podcasts or Stitcher
  • Visit our Couple Money Toolkit for more info on available apps, tools, and services to master your money together.
  • Become a Patron. 
Special Thanks! 

Like the music in this episode? Our theme song is by Gentle Regime. I also want to thank Lee Rosevere for music in this episode.

Jan 09 2020

15mins

Play

Rank #14: How to Master Your Bank Accounts Together

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Ready to merge finances? Find how you can master your bank accounts together and get the most out your hard earned money! 

Master Your Bank Accounts Together

How are things going with your money? Do you feel like the two of you have a strong handle on things?

When we were first married, it took some time for us to find our footing. Besides figuring how to manage money as a team, we had to move our money because the bank we were with gave us more hassle than help.

Fast forward now and we're much happier because we found a system and banking options that work for us.

Today we're looking at how you can master your bank accounts together and get the most bang for your buck!

Joe Mecca from Coastal Credit Union is here today to help out.

In this episode, we get into
  • how to find the best way to manage your money as a couple
  • stashing your cash in the best place possible
  • managing your money like a boss

Hope you enjoy!

Resources to Get the Most Out of Your Bank Accounts

Are you two ready to master your joint accounts? Do you want to create a system that fits your priorities and styles? Here are some resources to check out.

Jumpstart Your Marriage and Money Course

Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course.

Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course design to help you:

  • Stop fighting about money and create a budget that you BOTH LOVE
  • Automate your money
  • Pay off your debt faster Plus more!

You can get lifetime access here. 

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Feb 22 2018

15mins

Play

Rank #15: How to Automate Your Money: A Guide for Busy Couples

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How do you feel about managing money? Is it something you enjoy doing or do you see paying the bills, knocking out debt, saving for your future, etc. a bit much?

When we were first married it was honestly a little overwhelming. We had the bills to pay, a car loan, and eventually student loans that were going to come due. 

The idea of getting a financial system seemed complicated.

The good news is it wasn’t.

With a little organization so we had our acct info in front of us. It was a one evening thing. 

And it’s made a huge difference for us. 

We’ve paid off over $30,000 of debt, bought our cars with cash, started investing for retirement, and giving more.

Through the years, we’ve had to take a step back to help out loved ones and deal with our family. With two little ones as our priority, we sometimes have put money conversations on the back burner.

The automated system allowed us to still take care of the essentials and not miss a beat. 

But I also know that the idea of setting up a system sounds like a ton of work.

Truth is the initial set up typically isn’t as difficult as you think and the benefits are more than just the money. 

To make this easier we’re going over: 

  • Peek into Our System so You Have a Real Life Example
  • Setting Up Your Financial System
  • Tools and Apps to Make it Easier to Set up and Track Your Money

I hope you enjoy! 

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They have fantastic options to make online banking easy!

Resources to Stay on Top of Your Money

Here are some resources to make managing your money much easier!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Jul 12 2019

18mins

Play

Rank #16: How to Work as a Team When You're Financial Opposites

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Most couples marry their financial opposite, which can be a blessing or a recipe for disaster. Learn how you two can become a team and create a budget and money system you both love!

Marrying Your Financial Opposite

Did you know that 75% of divorced couples cite money as the cause of their marital issues?

With something causing that big of any issue, you’d think we’d try to become more proactive with making sure that finances

But for many couples, the conversations don’t happen.

There’s a tendency in a lot of marriages to not talk about money until something goes wrong.

The budget is broken or you’re struggling to hit a goal you made for the year.

One reason couples don’t talk about money is that they’re trying to avoid a fight.

Maybe they’ve had a blow-up in the past about certain spending and they rather not hash that out again.

Perhaps they couldn’t come to an agreement on something that should be simple like the budget.

This can especially be the case when you’re financial opposites.

However just because you’re financial opposites don’t mean you can’t work as a team with your money. In fact, for some couples, their differences became an advantage as they tackle goals like dumping debt, saving up for a house or investing in their future.

How do you get there though? How do you mesh those differences into strengths?

Scott and Bethany Palmer, The Money Couple are on the podcast today to chat about how to get started with talking about and working through your financial issues and goals.

They were financial advisors and noticed how their married clients were struggling with money. They’ve been focused since on helping spouses work with their different approaches to finances and become a team.

In this episode we’ll get into:

  • how money differences show up in our daily lives
  • understanding and respecting one another’s different perspectives
  • how to approach money talks so that they’re productive

Hope you enjoy!

Resources to Help You Merge Your Finances

If you’re looking to get better with your finances together, here are some helpful posts to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their checking and savings accounts!

Meet Scott and Bethany Palmer

With 50 years of combined experience as financial advisors, Scott & Bethany Palmer (aka “The Money Couple”) have witnessed these conflicts firsthand.

After watching so many couples struggle over money, Scott & Bethany set out to find out why. After a decade of research with a Stanford scientist, they cracked the code to stop the money issues that so often lead to divorce.

They discovered that money “issues” aren’t really about dollars and cents — the real problem is a couple’s struggle to communicate about and agree on money.

They developed The 5 Money Personalities to help couples understand their own unique perspectives and behaviors when it comes to money, learn more about their partner’s money personalities, and better communicate in a way that builds rich relationships

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Feb 27 2020

28mins

Play

Rank #17: How to Change Your Money Mindset and Habits to Finally Dump Debt and Build Wealth Together

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Does it seem like you two keep having the same argument over and over? Do you feel like you're spinning your wheels with money? You're not alone.

Today we're going over how we form our money habits and how we can change them for the better to finally achieve your big goals together! 

Mindsets and Money Stories 

It's funny how unaware we can be about our money habits. When we first began talking about money, it was a real eye-opener and not just because of the numbers.

Here we were ready to spend our lives together and we realized that we had completely different views when it came to money. 

But digging into how we pick up those habits and figuring a way to work with what we have so to speak is somewhat tricky - which is why I'm really happy Jen Hemphill here. She's an accredited financial coach and author of her new book, Her Money Matters: The Missing Truths From Traditional Money Advice.

It's a fantastic book and one aspect I really appreciated is how Jen dives into mindsets and money stories.

In this episode we discuss:

  • how your past can influence how you handle finances now - for better or worse
  • how to help your spouse to open up and understand their money mindset
  • a tip for getting them onboard

Hope you enjoy! 

Resources to Understand and Change Your Money Mindset 

If you two are looking to improve how you talk and work together with your finances (and lives), please check out these resources.

Jumpstart Your Marriage and Money Course

Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course.

Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course design to help you:

  • Stop fighting about money and create a budget that you BOTH LOVE
  • Automate your money
  • Pay off your debt faster Plus more!

You can get lifetime access here. 

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Feb 15 2018

14mins

Play

Rank #18: How To Dump Debt Before The Year Wraps Up

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Today we’re looking at how you can knock out a debt or two before this year wraps up!

Knock Out a Debt Quickly

Who doesn’t want to unload a debt before this year wraps up?

Paying off debt is usually one of the top three goals people make for the year, but struggle to achieve.

That’s not going to happen with you.

I want you to make some headway with your debt-free goals which why we’re finishing up with season with a call to action – we’re going to knock out debt.

Of course, to do this we need money.

There are three ways you’re going too free up money so to speak to pay off those debts faster:

  • Optimize your current budget
  • Consolidate your debts
  • Earn extra cash

We’ve talked about different ways you can save this season, with housing, cars, and how to bake in automatic savings so today I want to look at the other two options.

David Jacobs, VP of Consumer Lending at Coastal Credit Union, is going to talk about the differences between HELOCs and home equity loans.

If you going that route, you really need to understand how they work.

We’re also looking at using side hustles to earn that extra money. Can you really knock out your debts with a side gig?

Kevin is a member of our community and was kind enough to reach out to me about his experience. He’s done both delivery driving with GrubHub and ride-sharing.

What’s cool – at least to me – is that he’s an accountant in his day job. So when he did the side hustles he was tracking not only his earnings but expenses.

I think you’ll enjoy hearing his take on whether it’s a viable way to earn some extra cash.

In this episode we’ll discuss:

  • Understanding debt consolidation options with your home equity
  • Whether side hustles can be a smart way to earn extra cash to pay those debts
  • Ways to stay motivated

Let’s get started!

Resources to Pay Off a Mountain of Debt

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

They want to help you achieve your biggest goals!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Aug 30 2019

17mins

Play

Rank #19: Finding Financial Independence and Freedom as a Family

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Today Grant Sabatier, the author of Financial Freedom, goes through how he was able to become a millionaire and financially independent by 30.

More importantly, he also discusses how you can create your own path based on your goals and priorities.

Get on the Path to Financial Freedom

It’s almost the end of January, how are things going for you?

Over at our FB group, Thriving Families, I've been keeping an eye on some of the goals you’ve been sharing and I’m really impressed.

We some tackling debt, many mentioning their student loans. Meal prepping is also on the list. That’s a fantastic money saver and will help you tremendously with your health goals.

Quite a few talked about earning more, both through their regular 9-5 job as well as side hustles.

On the surface, these goals seem to go in different directions, but when we chat in the group and get into the whys behind the goals, I noticed a recurring theme.

Having more flexibility and security for our families.

And for many, that path includes reaching financial independence.

But when you’re deep in debt or just starting out, it can seem overwhelming and in some cases out of reach.

However, you can take steps now to get your finances in a great spot and open up more options for your family.

Today Grant Sabatier, the author of Financial Freedom and the creator of Millennial Money, goes through how he was able to become a millionaire and financially independent by 30.

More importantly, he also discusses how you can create your own path based on your goals and priorities.

In this episode, we get into:

  • Defining what financial independence and freedom means to you
  • Why simply cutting expenses won’t get you to where you want to go
  • How side hustles can enrich your lives and get you close to your FI dreams

Hope you enjoy!

Resources to Get on the Path to Financial Freedom

If you two are ready to make some real progress on your big goals, here are helpful resources to check out.

Connect with Grant and Millennial Money

Dubbed “The Millennial Millionaire” by CNBC, Grant Sabatier went from $2.26 to $1 million in 5 years through entrepreneurship, side hustling and investing.

After reaching financial independence at the age of 30, Grant founded Millenial Money, where he writes about making and investing money and co-hosts the Millennial Money Minutes podcast.

Since launching in 2015, Grant has reached over 10 million readers and listeners through his blog and podcast.

Grant is also the author of Financial Freedom: A Proven Path to All the Money You’ll Ever Need.

Grant has been featured in over 200 international media outlets including The New York Times, Wall Street Journal, The Washington Post, National Public Radio, Money Magazine, ABC Nightline, Chicago Tribune, USA Today, Inc. Magazine, Forbes, The Sydney Morning Herald, and many others.

Support the Podcast

Thank you so much for listening!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. I’d love for more couples to work together to dump their debt and pursue their dreams together! Please leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

I appreciate your help. Let’s make talking about marriage and money fun!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

Jan 30 2019

28mins

Play

Rank #20: How to Raise Your Credit Score and More Marriage and Money Questions

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We open up the community mailbag again and answer your biggest marriage and money questions. Today we're discussing how to build your credit and raise your score, winning your spouse over with finances, and how to do a money date! 

Raise Your Credit Score, Money Dates, and More

Today’s episode is kind of brought by..... you.

Yep, it's community mailbag again and this time we have quite a varied plate on our hands!

I appreciate you sending your questions in.

In this episode we get into:

  • The biggest myths and bad advice about credit score
  • How to work together on tackling money
  • How money dates work for us

If you’d like your question to be a part of the next mailbag, send it here moneyqa@couplemoney.com

Hope you enjoy!

Resources to Build Your Credit and More

Here are some resources we shared on today's show to build your credit, become a team with finances, going on a money date, plus more. 

We’re going to discuss the ins and outs of merging finances and personalities in our private Facebook group over at Thriving Families. It’s free and fun – please join us!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Sep 26 2018

34mins

Play

Coronavirus and Your Money: What Need to Do Now to Gain Financial Stability and Thrive

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Here are some key takeaways to help you get through and start building some financial stability!

Pivoting Your Finances Through New Habits

I hope you are doing well, are safe, and healthy. 

We’re just starting June but I think Jason Vitug pointed out on Twitter, “This is indeed the longest shortest year ever.”

I started this mini-series after the pandemic created a hard stop on so many things. Things are starting open up, but many couples in our community are still dealing with the financial fallout. 

Depending on where we were on our financial journey, our experiences can seem tremendously different. 

With the mini-series, I wanted to address a few of those different scenarios. The first episode was geared for those who had seen their income drop due to fewer hours or loss of a job. 

The next episode was those of us who are treading water to speak – still have their jobs, but no safety net if that changed. 

This episode I want to talk about what you can do if you were further ahead in your finances. How can you use this experience and turn this into something positive? 

How can we pivot our finances? And bigger picture – can we use these lessons learned not just help us, but in a position to help others too?

Certified Educator in Personal Finance (CEPF®) Bob Lotich is on today to share what habits he and his wife Linda changed on his and eventually their journey together towards becoming debt-free. 

Joe Mecca from Coastal is back on to share some takeaways on shifting our finances and coming up with a plan during these tumultuous times. 

In this episode we’ll get into:

  • Crucial steps you can take to shift habits and your money
  • We’ll also dive into how to get your spouse on board
  • Lessons we can take from this crisis to use to better prepare ourselves and help others

Let’s get started! 

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you’re a member and you’ve been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.

Jun 04 2020

32mins

Play

Mastering the Art of Saving During the Coronavirus Crisis

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We know we need an emergency fund, but how can we do that in the middle of the coronavirus crisis? Today we’ll share the strategies you can use now to get a jumpstart on saving!

How to Save Money 

Right now many states are opening up, but we’re still encouraged to stay home as much as possible. 

And that’s most likely affected you on several levels, including your finances. 

Last episode, we discussed steps you can take to shore up your budget and handle the bills when you’re dealing with a job loss or significantly reduced hours. 

This week, we’re switching gears and digging into one of the fundamental things you need to have – savings. 

We’ve heard it so many times, we need to have an emergency fund. Now it’s really both a necessity with routines, work schedules, and budgets being in flux for at least the next few months. 

But can you save and build up your financial cushion during a time like this? How can you create a plan when you’ve been thrown into the middle of all this? 

On the podcast, I have Jeff Anzalone from Debt Free Doc here to share how he and his wife got to that point. 

As you just heard in the teaser, when he first started things, they looked like a mess. The job he had planned on taking fell through. So here he was dealing with a massive amount of debt, no job, and a wife and baby to take care of. 

So in this interview, we’ll get into how they came up with a plan quickly. We’ll also get into not just the process he used to get out of debt, but what changes they had to make with their budget and more to start building savings and more. 

We also have Joe Mecca from Coastal back on the podcast. He’s a natural saver so he is sharing tips on how to make the process easier and less stressful. 

In this episode we’ll get into:

  • Why and how much you need to save
  • Creating a plan on the fly
  • Ways you can build up that financial cushion ASAP

Let’s get started!

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you’re a member and you’ve been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.

May 21 2020

20mins

Play

Coronavirus and Your Money: Dealing with Losing Your Job and Income

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Many families are dealing with the financial fallout from the coronavirus, including losing their income and jobs. See how you can adjust your budget and get the resources you need to ride out these tough times! 

How to Cope with Job Loss 

As of right now, around 30 million Americans have filed for unemployment in the past six weeks.

Besides the health risk of coronavirus – which should NOT be ignored or downplayed – a huge concern of this crisis is the financial fallout. 

 How do we keep going through these tough times? 

Which is why I wanted to do this mini-series. 

Part of the challenge – at least to me as I’m putting this together – is reading, hearing, and seeing how different things play out depending on many factors.

Yes, we’re in this together, but for a couple who’s lost one or both incomes, or one that’s seen their retirement savings seemingly crash, those are completely different ball games than a couple who’s trying to balance taking care of their kids at home while working remotely for example. 

Each has its own challenges and so what I decided to do is break up the mini-series episodes based on different situations families may find themselves in. 

There are key takeaways, I think all of us can learn from and pick up, but I did want to highlight some scenarios so this mini-series can be helpful and relevant as possible. 

And they are based on what you’ve sent in about what you’re dealing with right now. 

So thank you, I’m grateful to have your input on this. 

Today I want to talk about one of the biggest ways many couples are being financially affected by this – loss of income. 

Whether it’s being furloughed, seeing your hours drastically cut, or losing it altogether – it can be a heavy weight on you. 

Ani is sharing her story about how she’s dealing with it. 

We also have some fantastic experts like personal finance author Toni HusbandsCoastal Credit Union’s Joe Mecca, and small business consultant Sylvia Inks.

They’re offering tips and resources to help make ends meet and steps you can take to shore up your finances not just now but in the long run. 

In this episode, we’re discussing:

  • Dealing with losing your job and what you can do get some income coming in
  • Adapting your finances 
  • Smart ways you can spend your stimulus check

Let’s get started!

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you’re a member and you’ve been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.

May 06 2020

35mins

Play

How to Handle Your Finances During the Coronavirus Crisis

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Today we’re going to jump in on ways you can adjust your finances during the coronavirus crisis to get through these tough times!

Getting Your Finances Stabilized During the Coronavirus Crisis

Even though it’s been less than a month since schools closed here in Raleigh, it feels like a lifetime ago.  

And chances are things can feel that way to you. 

Right now it’s estimated that over 300 million here in America are under stay at home orders

I truly hope that you’re doing well and that you’re able to work remotely or at least have some steady income coming in. However, I know from emails that some have seen their hours drastically reduced, they’ve been furloughed, or they’ve been laid off. 

It’s tough to figure out the next steps when we’re in the middle of things, but there are ways we can prepare and pivot to get through these financially tough times. 

Joe Mecca, VP of Communication at Coastal Credit Union has been out there letting those in the community know what resources out there. 

Today he’s on the show to discuss things you can do now and over the next few months. 

In this episode, we’ll get into:

  • Figuring out how to reprioritize your budget
  • How much of a financial cushion should you have with these certain times
  • Where to look for relief programs (more than just the CARE Act)

Let’s get started! 

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you're a member and you've been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

How to Reprioritize Your Budget

Let’s jump right in to the big issue that is stressing out many families – how are we going to pay our bills?

We’re grateful to still be able to work remotely, but that isn’t the case for all. Some industries like restaurants, hospitality, and service have seen been hit hard, with many losing their main source of income. 

I was reading that in the week that ended March 28, over 6.6 million people filed for unemployment

So if you’re in that situation where you are looking at struggling to budget, how do you prioritize what bills get paid?

When things were closing down and the Cares Act hadn’t passed, Any Hill from Marriage Kids and Money and I shared  our thought process in a video on the Thriving Families group. 

It was about focusing on two goals for the month – pay your essentials (roof over your head, food, utilities) and building up your emergency fund if you didn’t have at least 3 months stashed away already. 

And I do believe that they should be your priorities, but with some relief options being offered by lenders, protections from states and the Cares Act, Joe points out a path you can use in your budget.  

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

Apr 08 2020

18mins

Play

Quick and Essential Guide to Sell Your House for More Money

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For many couples, getting their house to sell for top dollar can help them hit crucial financial goals. Today we’ll go over what you need to know to get a great price when selling your home! 

Selling Your House for Top Dollar

Before we begin, I want to give a disclaimer that this episode’s topic and interview were done before the volatile landscape we find ourselves with the stay at home order in NC due to the coronavirus. 

I’m releasing it now for a few reasons:

  1. At some point in the future, these restrictions will be lifted and so now could be a time to start taking steps around your place to get it ready for sale
  2. I just saw a house in the neighborhood put a for sale up this week (dozens of listings new – or within the last 24 hours)- so people are trying to move on as best they can
  3. With things shifting including jobs, many couples in the relatively near future may have to move 

So while there may be an immediate pause on house tours, with this time many of us have at home, I thought it would be practical to get into ways to prepare so if you do sell when it’s time, you have what you need to get it done. 

I’m very grateful to have one of my favorite real estate experts back. Louis Guillama is the Vice President of Real Estate Operations over at Coastal Credit Union. 

In this episode we get into:

  • The biggest mistakes couples make when selling
  • How to Stage Your House to Sell 
  • How to decide if you should fix and update your place to able to sell it for more

Let’s get started! 

Handy Money Resources for Selling Your House (and More!) Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you need an agent, Daymark Realty has a fantastic team ready to help find the perfect house for you in the Triangle area!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Apr 01 2020

18mins

Play

Essential Things You Need to Know About Wills and Estate Planning

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No one likes to think about it, but preparing for the unexpected can give you some peace of mind now and protect your loved ones later! This is the essential guide to will s and estate planning for busy parents!

Creating or Updating Your Will

So heads- this episode’s topic and interview was planned and done before things changed these last few weeks due to co-vid 19.

I say this because I’m not trying to add to the anxiety. I actually believe that if you are staying home and you’re healthy, now would be a good time to take care of certain matters that maybe have been on the back burner because you haven’t had much time.

And taking care of your wills, picking legal guardians, and making life insurance is up to date – these are important.

So I decided to stick with the schedule on this episode.

There are so many we can’t control, it can be empowering in a way to focus energy on the things we can.

But when you making or updating your will, it may seem that’s too big of an issue to tackle. Today I want to break it down into manageable chunks so you can make some progress on that.

Alison Kade from Fabric is here on the show today to decode and explain the essentials of how wills work. 

In this episode we’ll discuss: 

  • Why you need to plan now
  • Basic terminology every couple should know
  • How parents can prepare for the unexpected

Let’s get started! 

Resources on Estate Planning

If you want more information about setting things up for your loved ones and mage your money now, here are some resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Mar 25 2020

16mins

Play

4 Tips to Help You Reprioritize Your Money Through Tough Times

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While things are really fluid right now and some big decisions are still up in the air, it's important to review and if necessary reprioritize things with your finances.

Today I'm sharing 4 tips to help you prepare your finances to weather out the tough times!

Resources to Manage Your Money Easier

Her Dinero Matters

Her Dinero Matters is a bilingual podcast for women who want to become reinas of their money and love their money more. 

Join Jen Hemphill, a former extreme frugalist turned reina of your money advocate each week for your dose of money confidence.

You will hear down-to-earth interviews and panel discussions from Latina community as well as solo episodes sharing simple actionable tips and strategies which you can implement right away. 

The best part is, Jen also offers some premium perks, such as special access to a community of like-minded women for a deeper discussion on latest episodes, monthly bonus mini-episodes, as well as a monthly PDF worksheet for that month’s money challenge, available exclusively through the Himalaya app.

The best part is, if you sign up now, you can use promo code DINERO at checkout for your first 30 days, free! So head over to the Himalaya app and check out Her Dinero Matters now. 

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Mar 20 2020

8mins

Play

How to Loan Money to Family (and Not Regret It)

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One of the stickiest situations with couples is dealing with lending money to family. Find out different ways you can help without putting your own finances in jeopardy!

Should We Loan Money to Family and Friends?

Lending money to friends and family can be a tough situation. No matter how objective you think you are or want to be, emotions can run high. 

As you just heard with Jen, she and her husband weren’t seeing eye to eye on how they could help their loved ones. 

I totally get it – we’ve been there ourselves. Maybe you’ve gone through that situation too. 

Or with how things are going with Covid-19 and families being affected by these closings, some of your family and close friends will need some help soon, including financial.  

Now for most of us, we want to help. And if we have the means, we do. 

However, there are times when things are a bit more…messier. What if you want to help, but you’re just finding your financial footing yourself? 

What if you have a relative who keeps on having problems with their finances, where you are constantly bailing them out? 

Those are the types of situations where we tend to stress over and sometimes get into arguments. 

Family and money can put a strain on a marriage; which is why I’m happy Jen Hemphill is here on the show. She’s an accredited financial counselor, author, and the host of Her Dinero Matters podcast.

In this episode we’ll get into:

  • how to decide whether lending loved ones is really helping them or enabling
  • ways you can assist them without loaning money
  • how you can work out a loan with less stress

Hope this episode helps!

Resources to Deal with Family and Finances

If you two want to make managing your money easier, here are some helpful tools, books, and apps available.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

Meet Jen Hemphill of Her Dinero Matters

Her Dinero Matters is a bilingual podcast for women who want to become reinas of their money and love their dinero more.

You will hear down-to-earth interviews and panel discussions from la comunidad Latina as well as solo episodes sharing simple actionable tips and strategies which you can implement right away!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Audiio.

Mar 18 2020

17mins

Play

Digital Banking and Finances for Couples

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Learn how you can stay on top of your money with some of the best apps while also protecting your finances, privacy, and data!

Finding the Best Money Apps for Couples

Chances are if you’re listening to this podcast you do a lot of your banking and finances digitally. 

In a survey by Federal Reserve Bank, they found that 71% of bank customers regularly use online banking and 43% use mobile

For us, the convenience is hard to beat. I can do pretty much everything I need from home or my phone, including depositing checks, scheduling payments, and transfers. 

I believe the last time I had to step into a branch was for the notary a few years ago.

The other side of living in a world with digital banking is that we have to be savvy about securing our finances and data. 

Data breaches, phishing, and more sophisticated scammers happen and are out there, so how do you take advantage of the new apps and options out there?

There’s a lot to cover so today I’m happy to have two experts on. 

We have David Jamshid, Vice President Of Software Development at Coastal Credit Union. We also have Sam Shutz co-founder of Honeyfi on. 

In this episode we’ll get into:

  • Key ways you can secure your accounts so you can guard your data and finances
  • The pros and cons of free and paid apps
  • Top apps out there for couples to manage their money as a team

Hope you enjoy! 

Resources to Bank Digitally

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their business checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Mar 12 2020

24mins

Play

How to Build a Profitable Side Hustle

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Carla Titus shares the realities of running a profitable business from home and how she and her husband created a system that fits their goals and family life!

The Realities of Starting a Side Hustle from Home

Nowadays it’s become more common for couples and families to diversify their income.

Whether it’s because they looking to knock out some debt, save up for a house or another goal, or they want to pivot their career, couples are looking at side hustles. 

We’ve had several episodes about the essentials of starting a side business, but one of the biggest struggles many have is sustaining it. 

Whether it’s working around your family or day job, the reality is you only have so much time. How do you make it work? How can you start and build a business? 

Carla Titus is on the show today to share her expertise and her story. 

She is the CEO of Wealth and Worth where she uses her over ten years of corporate financial planning, analysis, strategy, and startup CFO experience to help entrepreneurs take control of their finances and level up their business.

In this episode we’ll get into:

  • Finding not that balance, but the flow between family and your side hustle
  • When to outsource 
  • how to get the pricing right – many entrepreneurs struggle with this

Hope you enjoy!

Resources for Launching a Side Hustle

Here are some fantastic resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their business checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Mar 05 2020

21mins

Play

How to Work as a Team When You're Financial Opposites

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Most couples marry their financial opposite, which can be a blessing or a recipe for disaster. Learn how you two can become a team and create a budget and money system you both love!

Marrying Your Financial Opposite

Did you know that 75% of divorced couples cite money as the cause of their marital issues?

With something causing that big of any issue, you’d think we’d try to become more proactive with making sure that finances

But for many couples, the conversations don’t happen.

There’s a tendency in a lot of marriages to not talk about money until something goes wrong.

The budget is broken or you’re struggling to hit a goal you made for the year.

One reason couples don’t talk about money is that they’re trying to avoid a fight.

Maybe they’ve had a blow-up in the past about certain spending and they rather not hash that out again.

Perhaps they couldn’t come to an agreement on something that should be simple like the budget.

This can especially be the case when you’re financial opposites.

However just because you’re financial opposites don’t mean you can’t work as a team with your money. In fact, for some couples, their differences became an advantage as they tackle goals like dumping debt, saving up for a house or investing in their future.

How do you get there though? How do you mesh those differences into strengths?

Scott and Bethany Palmer, The Money Couple are on the podcast today to chat about how to get started with talking about and working through your financial issues and goals.

They were financial advisors and noticed how their married clients were struggling with money. They’ve been focused since on helping spouses work with their different approaches to finances and become a team.

In this episode we’ll get into:

  • how money differences show up in our daily lives
  • understanding and respecting one another’s different perspectives
  • how to approach money talks so that they’re productive

Hope you enjoy!

Resources to Help You Merge Your Finances

If you’re looking to get better with your finances together, here are some helpful posts to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their checking and savings accounts!

Meet Scott and Bethany Palmer

With 50 years of combined experience as financial advisors, Scott & Bethany Palmer (aka “The Money Couple”) have witnessed these conflicts firsthand.

After watching so many couples struggle over money, Scott & Bethany set out to find out why. After a decade of research with a Stanford scientist, they cracked the code to stop the money issues that so often lead to divorce.

They discovered that money “issues” aren’t really about dollars and cents — the real problem is a couple’s struggle to communicate about and agree on money.

They developed The 5 Money Personalities to help couples understand their own unique perspectives and behaviors when it comes to money, learn more about their partner’s money personalities, and better communicate in a way that builds rich relationships

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Feb 27 2020

28mins

Play

How to Deal With and Overcome Financial Infidelity in Your Marriage

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It’s not uncommon for a spouse to have a secret credit card or have more debt than they’ve told.

Financial infidelity can ruin a marriage. Learn how you can set up a financial system that allows you to be open and honest with your finances and work together with money!

Financial Infidelity in Your Marriage

In this episode we’ll get into:

  • Red flags or signs that financial infidelity might be an issue 
  • Working to regain trust after financial infidelity
  • Creating an open and transparent system for your money together
Resources to Help You Merge Your Finances

If you’re looking to get better with your finances together, here are some helpful posts to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Feb 20 2020

21mins

Play

Yours, Mine, and Ours: Dealing with Debt and Marriage

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Merging finances is more than combining bank accounts. It’s working together with the good, bad, and awkward, including dealing with debt.

Today we’re discussing the legalities of who’s responsible for what, credit scores, and how to dump debt together!

Marriage and Debt

Marriage is about two lives coming together. It can be a wonderful feeling to know you have someone to watch your back through thick and thin. 

Part of coming together is dealing with your finances together and for many couples debt is a chunk of it.

Between credits cards, car and student loans, and maybe a mortgage, the two of you could be starting your marriage in the negative

As a couple you know paying down is the way to go, but you have other concerns on your mind. If one or both of you come in with debt, who’s legally responsible? 

What about the debt you take on after you’re married? What if you two have drastically different credit scores? How will that affect plans that you have – perhaps buying a house down the line? 

Which is why I’m happy Leslie Tayne is here today. Leslie is an attorney who specializes in debt resolution. With almost twenty years of experience, she helps clients get debt relief and resolution. 

She’s sharing her expertise on how debt can affect your finances and marriage.

In this episode we’ll get into:

  • Who’s responsible for what legally when it comes to debt
  • Dealing with common situations that can come up when one spouse has a higher credit score than the other
  • Ways to talk about debt and work as a team to get rid of it.

Let’s get started! 

Resources to Dump Your Debt Together

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Feb 12 2020

17mins

Play

How to Diffuse Money Fights

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Getting on the same page with finances can be tricky. Learn how you can communicate better with your spouse about money and more!

Why We Fight About Money

No one wants to have money be this source of stress in their lives, not in a strictly financial sense where you’re worried about the bills and definitely not in your marriage. 

And yet, it is usually listed as one of the top reasons spouses have fights

And if you have debt? It’s even more of an issue. In one study, with couples who carried debt, they found that 48% of those with over $50,000 of debt listed money as stress point compared to 23% of those with less than $10,000.

It makes sense, right – if you have the more debt you have, the more your current income is tied up to pay it. 

So then couples usually want to come up with some plan to pay off their debt, but they hit a wall when it comes to making and executing that plan. There’s too much tension and blame to get things rolling. 

But if you’ve listened to this for a while, you’ve heard stories of couples who have overcome some huge issues like massive amounts of debt, being hit with financial infidelity, or being on the brink of bankruptcy yet they managed to come out stronger paying off massive amounts of debt.

How do you get there though? 

Through better conversations about money and more. It’s not easy to get started so today Traci Philips is going to share how we can better communicate. 

As a Leadership & Performance Strategist, Traci assists her clients in identifying core challenges with her unique strengths in translating both verbal and non-verbal language. 

Into this episode, we get into:

  • Better Understanding Where Our Spouse is Coming from with Money
  • Common mistakes couples make when talking about money
  • How to work through disagreements to diffuse a potential money fight

Let’s get started! 

Resources on Marriage Fights & Finances

Want to learn more and become more productive with your money dates? Here are some resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They also have competitive rates on their checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Feb 05 2020

19mins

Play

Tax Guide for Busy Couples

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Tax season is here and with it the stress of getting your taxes done right.

We’ll look at some ways you can simplify, organize, and maximize your tax deductions and credits this year and set yourselves up for big wins next!

Tax Tips for Making Filing Easier

Now before we jump into this episode I want to be clear about one thing. 

 I’m not a tax expert.

Not a CPA.

Not an EA (that’s an enrolled agent). 

But even if I was, I cannot give tax advice to you on this podcast because every family is different. 

And that means so are your taxes.

However, there are several key areas where many of us -especially busy couples, couples who are juggling so many things like kids, work, finances, side projects, and more  -should be paying attention to because they have a huge impact on how things go for us when it comes to taxes. 

And I got some good news - I’m keeping this episode on the shorter side. 

Why? 

If you’re a regular person like me, taxes are not the most exciting thing. 

However we have seen how important getting our tax done has been for our finances -both with planning throughout the year as well as using our refunds to reach our financial goals faster.

And I want you to see taxes in a better, maybe less stressful light.

In this episode we’re looking at: 

  • Decoding key tax items (like tax credits versus deductions) so you can be better prepared when filing
  • How to make sure your paycheck is working you - you may be leaving money on the table
  • Accounts to Maximize Your Finances Now and Later

I want to make things less stressful for you so you can knock out your taxes. 

Sound good? Let’s get started! 

Resources to Tackle Your Taxes

Looking to make taxes less stressful? Here are some of my favorite resources!

Jan 29 2020

17mins

Play

How to Team Up for Financial Independence

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How can you structure your finances so you can have more options and flexibility? 

One path that’s helped many families is working towards financial independence. For many families, though, it seems like an unrealistic goal. 

They assume that if they’re not making six-figures or if they have kids, they’re unable to achieve it. 

What you might not be aware of is how practical the principles behind FI can be for you. 

By applying the mindset, habits, and strategies you can not only improve your finances but give yourselves more opportunities to build your life around who and what matters to you. 

That’s why I’m excited that today we have Brad Barrett, co-founder of ChooseFI.

Brad Barrett went from being a full-time CPA to retiring with complete financial independence by the age of 35. 

Now, through ChooseFI, he’s empowering others to live more intentionally and get on the path towards financial independence!

In this episode we’re looking at: 

  • How to save on the three biggest expenses 
  • How to persuade your spouse to try to FI 
  • How to get to FI while still enjoying your journey

Let’s get started!

Resources to Get on the Path to Financial Independence

Are you two serious about becoming financially independent?

Here are handy resources mentioned in the episode along with extra tools to help you optimize your money together!

And if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

Our goal is to help one another out. Hope to see you there!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Jan 22 2020

23mins

Play

How to Build Income Streams to Knock Out Your Money Goals Faster

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Are you looking to speed things up with your money goals? We’ll look at how you can earn extra money on the side so you can build your net worth!

Earning Money from Side Hustles is Only One Path

Many couples want to pay off debt faster, save for a house or start investing and the problem is cashflow is currently tight.

Real tight. 

One of the things I suggest is looking at your budget, but sometimes the issue is that there isn’t enough income coming in. 

Whether it’s through a one time occasional deal like selling your stuff, running a side hustle, or starting a possible career change, it’s going to take work. 

So before you make the leap, I thought it would be helpful to get an idea of the different ways you can earn more this year. 

My hope is that you’ll get a better idea of what would best for your situation and goals. 

Today’s guest Joseph Hogue is a personal finance author and creator of Let’s Talk Money who has built several income streams into businesses.

I also have Louis Guillama, Vice President of Real Estate Operations at Coastal Credit Union sharing his take about the pros and cons of getting into real estate. 

In this episode we’ll go over:

  • Finding opportunities to earn income when your schedule is tight
  • Breaking into the gig and side hustle economy
  • Thinking long term and get more involved with your  income streams by looking at real estate investing

Let’s get started! 

Resources to Start Earning More Money on the Side

If you’re looking to earn more so you can knock out your big money goal, here are some resources to check out. 

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They have wonderful services and accounts to make saving easier including their competitive money market accounts!

Support the Podcast! 

If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word. If you have friends who could boost their savings, please share this episode with them on social media or just email the link!  
  • Leave a review. Every review helps! Please share your honest feedback on Apple Podcasts or Stitcher
  • Visit our Couple Money Toolkit for more info on available apps, tools, and services to master your money together.
  • Become a Patron. 
Special Thanks! 

Like the music in this episode? Our theme song is by Gentle Regime. I also want to thank Lee Rosevere for music in this episode.

Jan 15 2020

20mins

Play

How to Become Super Savers This Year

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Whether you’re saving for emergencies, a vacation, or a house, you have to have some way to stash away that money.

We’ll look at some popular savings hacks and how to find the best savings option for you!

Are you saving up for something big this year? If you are, you have plenty of company. 

Fidelity released its 2020 New Year Financial Resolutions Study and found that 53% of those surveyed who were planning on working these finances had saving more as their goal

That’s great news considering on average, we’re not really saving enough. 

According to GoBankingRates when they asked more than 5,000 adults their savings balance, 58% had less than $1000 saved and 32% admitted to not having anything at all in their savings. 

That is a really vulnerable position to be in. 

So if you want to turn things around and really ramp up your savings, I think you’ll enjoy today’s episode. 

I’m sharing the best tips and stories from one of the super savers and favorite guests I’ve had on this podcast.  

Financial educator and Journey to Launch creator Jamila Souffrant and her husband saved over $80k  one year while living in NYC

More interestingly is how she was able to get him on board. Great ideas on how to approach not just the process, but enjoy the journey together. 

Joe Mecca from Coastal Credit Union and another super saver is also back on to break down his goals for this year and how he’s saving for them. 

In this episode we’re looking at: 

  • why your savings rate matters
  • Where and how to get started with savings in your budget
  • how to set things up so you’re automatically saving more while still enjoying life

Let’s get started! 

Want to start boosting your savings rate? Here are some resources to check out:

Support the Podcast! 

If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word. If you have friends who could boost their savings, please share this episode with them on social media or just email the link!  
  • Leave a review. Every review helps! Please share your honest feedback on Apple Podcasts or Stitcher
  • Visit our Couple Money Toolkit for more info on available apps, tools, and services to master your money together.
  • Become a Patron. 
Special Thanks! 

Like the music in this episode? Our theme song is by Gentle Regime. I also want to thank Lee Rosevere for music in this episode.

Jan 09 2020

15mins

Play

How to Get Out of Debt This Year as a Couple

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One of the top three financial goals people have is getting out of debt, but few actually knock it out. Today we’re diving into key money systems couples have used to become debt-free!

Best Strategies for Couples to Dump Debt Faster

How are you doing?! I hope you’re having a wonderful week.

We’re back. New Year, a new season of the podcast.

I want to start off by saying thank you. Your support has been incredible and because of it, we’re here for season 10!

When I started the site Couple Money and even the podcast a few years, my goal was pretty simple.

Help couples not only get their finances in a good spot but find a way for money to be a way to work together instead of being a source of stress.

Whether you’re paying down debt, saving for a dream, or going down the path of financial independence, the main focus is doing it as a team.

We’ll definitely be covering that this season again, but there’s another issue I’ve been seeing that has added a layer of unnecessary stress when it comes to finances.

As I look at my newsfeed on my phone or catch some stories that get picked up, I just see this trend of HUGE stories.

Debt-free stories where the couples have paid massive amounts of debt – six-figures- in a crazy short amount of time.

Couples who have saved 60%, 70% of their income in a year.

These are incredible stories and I’ve found them at times to be motivating and challenging us to look at how we spend money.

I’ve even had a few of them on the podcast.

However, when these are the stories that get picked up again, and again, you kind of get a bit fatigued and when the headlines only tell part of the story – like the fact they were making incredible amounts of money, then you can feel discouraged.

Add on that many of these stories don’t talk about that key step – aligning your goals and getting on the same page.

If you’re not there, then you almost can feel like throwing up your arms and just giving up.

I don’t want to give up. I would love for you to tackle those big goals, but more importantly, I want you two to feel comfortable and excited about the plan you two carved out for yourselves.

How?

By acknowledging while there are certain financial principles that are incredibly helpful, we all have different approaches to how we tackle our goals.

Today we’re going to do that with one of the most common goals families have with their finances – paying off their debts.

Today I want to share some guests we’ve had on the show who have become debt-free, but had different amounts and time tables.

In this episode we’re looking at:

  • The step by step process of how to set up a system to pay off your debt faster
  • Some of the most common hangups couples have with becoming debt-free
  • Tools and apps to make it easier

Let’s get started!

If you’re looking for some more inspiration, tactics, and encouragement about becoming debt-free together, please check out my interview with Chris Browning.

Resources to Pay Off a Mountain of Debt

If you two are ready to pay off your debt, here are some handy resources to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

They want to help you achieve your biggest goals faster and as a team!

Your Debt-Free Plan

And if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.

Our goal is to help one another out. Hope to see you there!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

Jan 01 2020

25mins

Play

5 Easy Ways to Simplify and Reboot Your Money

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Money can be a huge source of stress, but it doesn’t have to be.

Today I’m going to share 5 ways you can simplify your finances so you two can enjoy your marriage and money!

Simplify and Reboot Your Money

How do you feel about the progress you’ve made this year with your finances?

If you’re not quite happy with where you are right now, don’t panic. There’s still plenty of time to reset and reboot things with your money.

Since my Dump Debt Together session aired last Monday as part of the Mamas Talk Money Summit, I have been keeping busy answering some of your questions about changing things up for the better.

I’ve noticed that the biggest concern is getting the ball rolling.

You’re more than welcome to dig around the site and podcast. With over 1,000 articles and 300+ episodes, we cover a lot here on Couple Money.

But I know that approach can make you feel overwhelmed so today I want to wrap up this special series on the podcast with how you can get started.

In this episode we’ll look at:

  • habits to develop that will make your finances much easier to handle
  • key numbers to track (and which to pass on)
  • An easy way to reboot your money

Hope you enjoy!

Resources to Hit Your Money Goals

If you two are looking to improve how you talk and work together with your finances (and lives), please check out these resources.

If you want to discuss talking with your spouse about money, ask questions, or share your own tips please join us over at Thriving Families on Facebook.

5 Ways to Simplify Your Finances

Whether you’re the spreadsheet king or queen or more the big-picture person, I think we can all agree that we want to streamline our finances so you can focus on the people and things that matter to us.

You can really dive into the weeds with finances and debate the minute, but if you’re looking for big wins not only with your money but your marriage, here are 5 things you need to focus on.

#1: Go on Regular Money Dates

Why do I talk about money dates so much? It’s because they work!

Pretty much every couple whose paid down debt, saved a significant amount, or is on the path to financial freedom does this.

They may call it something else (like Andy and Nicole with their budget parties 🙂 ), but the idea is the same.

Having a regular time where you’re in a relaxing and low key environment to get together to discuss your dreams and your money

It can be a night out at one of your favorite restaurants or you’re just in the backyard relaxing with a glass of wine by the firepit.

Wherever and however you have your money date, you want to make sure you look at the goals you’ve created together (your WHY) and then review your numbers.

Knowing your budget, your monthly cash flow, and net worth is smart.

If you’re not sure how to start or even begin the conversation about finances, pick up my Jumpstart Your Marriage and Your Money.

I take you step by step through money dates, with conversation starters and ice breaks. I also share a 4-week plan to get you two on the same page with money.

#2 Switch to a 50/30/20 Budget

If the idea of making a budget makes you break out in hives, then you have to switch things up.

Typically when someone is complaining about a budget, there are a few key reasons. The root of it for many is that there’s no room in the budget for what matters to you. It’s so strict, you can’t any fun with things.

And while that might look like a good idea on paper – you think you’re going to get out of debt faster or hit your goal sooner – it’s usually an exercise in frustration.

Sustainable is the way to go and for most couples, it’s a process and one of the best budgets to get you started on that path is the 50/30/20.

As you probably figured out, your money (net income in this case) goes into one of three ‘buckets’ of expenses.

  • 50% Essentials: This covers your ‘needs’ like rent/mortgage, food, utilities, and necessary transportation.
  • 20% Financial Priorities: This money is allocated for your future such as investing for retirement and taking care of important money goals now like having an emergency fund and paying off your debt.
  • 30% Wants: These are your lifestyle choices. What do you two enjoy?
#3: Automate Your Budget

A simple trick that’s helped us is scheduling the bills to come out 48 hours after the deposits gone in.

You can use track your progress with apps and options such as:

  • Personal Capital – If you have a ton of accounts between you, this makes it easy to sort them out.
  • Tiller – Love how easily you can customize it based on your unique budget.
  • Zeta – Created for couples, by couples, Zeta is designed around how you two want to share your accounts.
  • Honeyfi – One of the first on the couple money app scene and very focused on getting you to share goals.
  • Mint – If you’re looking to get a handle on your budget, Mint is a very visual way to see what’s happening.

Don’t forget that along with bills, you want to automate things like your debt snowball or if savings if that’s your goal.

#4: Only Use Cash When Eating Out

Chances are eating out is a big expense with your monthly budget. Those quick lunches with coworkers seem small, but those constant convenient and on the go meals typically add up to more than you estimated.

Something that I’ve seen that’s helped me curb my spending is using cash.

There are families that like to use cash for multiple expenses and they stash them into different envelopes to track things down, but for me, that was too much work.

I’ve found that just using cash for lunches keeps me aware of what I‘m spending and minimizes me breaking the budget.

#5: Develop Laser Focus on Your Goals

Don’t try to work on all your expenses across the board. You can burn out quickly trying to slash multiple expenses at once.

I think one reason systems like Dave Ramsey’s baby steps are so effective is that they have you laster focus in on one step or goal at a time.

You begin with a starter emergency fund, then it’s all in with paying down debt, then you can fully fund your savings, and so on.

While you don’t have to be as gazelle intense as some people are – it can actually backfire with getting your spouse on board – having a priority can be powerful.

Want to optimize your spending? Try monthly challenges with one thing. Give the cash envelope a go next month.

I want you to build better habits, not go for quick wins that get undone by the next month.

If you’re pressed for time, there are options like Trim that can save you money by canceling subscriptions, finding deals with insurance, or negotiating with your cable bill.

Just focus on one thing at a time each month and by the end of the year, you’ll have some big wins.

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere 

Oct 30 2019

11mins

Play

iTunes Ratings

109 Ratings
Average Ratings
89
8
3
6
3

Tackle it together

By Sunliz - May 11 2018
Read more
Mixing up episode length and breaking down finance together is a great combination!

A must

By MarketBasix - Nov 22 2017
Read more
If you want to be happy in your relationship and with your money, this is a must listen.