PennyWise: Personal Finance & Travel Tips Lee Enterprises Podcasts

In this episode of PennyWise, host Nat Cardona sits down with NerdWallet's senior writer Holden Lewis to discuss the strategic move of selling your home to boost your retirement savings. As many Americans consider downsizing for their golden years, we delve into the critical factors that should guide this life-changing decision.

Holden brings a personal touch to the conversation, sharing his own considerations as he plans to transition from the sunny coasts of Florida to the mountains of North Carolina or Tennessee. With his house's value quintupling over 25 years, he exemplifies the potential financial windfall and the importance of researching the cost of living, property taxes, and medical care in your desired retirement location.

The episode covers practical advice on timing your home sale, navigating mortgage challenges post-retirement, and the wisdom of 'test driving' a new location in all seasons. Whether you're dreaming of a quiet mountain retreat or a bustling city condo, PennyWise is here to help you retire in style without sacrificing financial security.

Episode References:

NerdWallet | https://www.nerdwallet.com/

Zillow | https://www.zillow.com/

Episode summary created by https://headliner.app

In this episode of PennyWise, host Nat Cardona is joined by NerdWallet's personal finance writer Elizabeth Ayoola to unpack the concept of generational wealth and guide you on starting your own legacy of financial prosperity. From defining what generational wealth means to you, to taking the first steps towards investing, this episode is a resource for actionable advice.

Elizabeth clarifies the process of wealth-building, emphasizing the importance of education, setting clear goals, and developing a tailored strategy. Whether you're a passive investor who prefers to 'set it and forget it' or someone looking for more active engagement, this episode covers various investment avenues, including the convenience and innovation of robo-advisors.

Consistency is key, and despite the challenges of the current economy, Elizabeth highlights the power of compound interest and the need for time to let your investments flourish. Moreover, the discussion delves into the critical role of estate planning to ensure your hard-earned wealth serves your intended purpose for future generations.

PennyWise is here to remind you that creating generational wealth is a marathon, not a sprint, and every small step is a stride towards financial freedom for your descendants. Tune in for an episode that could mark the beginning of your family's financial legacy.

Episode References:

NerdWallet | https://www.nerdwallet.com/

Episode summary created by https://headliner.app

 

 

Show notes created by https://headliner.app

As we navigate the world of interior design trends, PennyWise invites you to embrace the bold and eclectic with maximalist decor. Host Nat Cardona is joined by NerdWallet's senior writer Sara Rathner to discuss how to infuse your living space with personality, without emptying your wallet.

In this episode, we're ditching the stark minimalism of the past decade and saying hello to a world where more is definitely more. Learn how to mix and match colors, textures, and unique pieces to create a space that's unmistakably you. From thrifting to DIY projects, Sara shares tips for finding or creating eye-catching decor on a dime.

We also delve into the art of curating meaningful pieces that tell a story, rather than rushing to fill spaces with forgettable items. Discover the joy of building a home that reflects your journey, with treasures that may take years to collect but offer a lifetime of satisfaction. Whether you're a homeowner or a renter, this episode is your guide to personalizing your habitat in a way that's both financially smart and stylishly stunning.

Episode References:

NerdWallet | https://www.nerdwallet.com/

Buy Nothing Project | https://buynothingproject.org/

Episode summary created by https://headliner.app

In this episode of PennyWise, host Nat Cardona teams up with NerdWallet's personal finance writer Kim Palmer to give you the latest on getting the best incentives when buying a new car in 2024. As the auto market recovers from its pandemic-induced slump, buyers are once again finding themselves in the driver's seat with a variety of enticing deals.

Discover what auto incentives entail, from rebates to low-interest financing, and learn why flexibility and research are important when it comes to car shopping. We'll go through the ins and outs of navigating dealership offers, regional rebate variations, and being armed with information before you step foot on the lot.

Charge up your knowledge on electric vehicles (EVs) as well, as we discuss how to combine manufacturer incentives with federal tax credits for savings. Whether you're buying or leasing, PennyWise is here to ensure you're geared up for negotiation and ready to secure the best possible deal on your next ride.

Episode References:

Nerdwallet | https://www.nerdwallet.com/

Kelley Blue Book | https://www.kbb.com/

Episode summary created by https://headliner.app

Show notes created by https://headliner.app

In this episode of PennyWise, host Nat Cardona takes off with NerdWallet's travel expert Sally French to explore the surprising trend of dropping airfares in 2024. Despite the inflation affecting almost every corner of the economy, travelers are seeing a welcome decrease in ticket prices, especially for international flights. From a nearly 12% drop for South America-bound flights to a 7.5% dip for Asia, the reasons behind these savings are just as intriguing as the destinations themselves.

Tune in as Sally explains how increased competition, new routes, and the resurgence of budget airlines contribute to these cost cuts. Learn why now might be the ideal time to embark on an international adventure and how strategic booking can maximize your savings. But it's not all clear skies – the episode also touches on the rise in baggage fees, a balancing act airlines are performing to keep base fares low. Whether you're a seasoned globetrotter or a first-time flyer, this episode is your boarding pass to understanding the current air travel landscape and how to navigate it penny-wise.

Remember, while airfares may be falling, don't wait to book your flight – planning ahead is key to keeping your travel budget grounded. So fasten your seatbelt and get ready for takeoff with PennyWise, where we help you fly smart without breaking the bank.

 

Episode References:

Nerdwallet | https://www.nerdwallet.com/

Delta Airlines | https://www.delta.com/

Norse Atlantic Airways | https://flynorse.com/

American Airlines | https://www.aa.com/

Episode summary created by https://headliner.app

 

In a world where the cost of living is constantly on the rise, millennials are facing a unique financial dilemma: to have or not to have children.

This week on PennyWise, Nat Cardona is joined by NerdWallet's personal finance writer Kim Palmer to unpack the economic factors influencing family planning decisions. With childcare expenses skyrocketing and the median household income struggling to keep pace, many are choosing to delay or forego parenthood altogether.

Tune in as we delve into the NerdWallet survey's findings, explore the cost of raising a child today, and discuss the creative ways parents are navigating this financial frontier. Whether you're considering starting a family or looking for ways to manage the costs, this episode offers insights that hit close to home. Don't miss this candid conversation on the financial realities shaping a generation's approach to family life.

"It is so expensive now to have children, to pay for their childcare, to pay for all of their other costs, that people are actually deciding not to have kids." -  Kim Palmer

 

 

Episode summary created by https://headliner.app