Good Cents by Payactiv Payactiv

In today's episode, we dive into a topic close to many of our hearts: paying off debt. With millions across the country facing credit card debt, student loans, and more, the quest for financial freedom is more pressing than ever. We chatted with Martin Dasko, a seasoned freelance writer and expert in personal finance, about two common methods for tackling debt: the debt avalanche and the debt snowball. While the debt avalanche focuses on targeting high-interest debt first, the debt snowball emphasizes quick wins and behavioral changes by starting with the smallest balances. Whether you're numbers-driven or motivated by goals, finding the right approach to debt repayment is key. * The key differences between the debt snowball method and debt avalanche method.* How the debt avalanche method prioritizes high-interest debt first to maximize efficiency.* How the debt snowball method uses small wins to promote quick wins.* How to choose a strategy for reaching your goals based on your spending habits. * Tools and resources to help you get started with a strategy for paying off your debt.

Welcome to another episode of The Good Cents by Payactiv podcast. Hosted by Eric Rosenberg, this episode delves into the challenges and strategies of managing finances when your earnings fluctuate month to month. Whether you're a freelancer, gig worker, or self-employed, understanding how to budget, save, and plan with an unpredictable income is essential. Join us as we explore practical advice and insights from finance expert Eric Nissel, ensuring you can navigate the ups and downs of your financial journey with confidence.* The challenges faced by freelancers, gig workers, and the self-employed in managing fluctuating earnings.* Tips for creating a realistic budget that accommodates the variability in income* How to effectively save during peak earning periods* The necessity of tailoring financial advice to fit one's unique situation, lifestyle, and income patterns * Strategies for spending wisely, avoiding lifestyle inflation, and building an emergency fund 

In this episode, your host Eric Rosenberg is joined by special guest Whitney Hansen, a renowned personal finance coach and host of the Money Nerds podcast. Together, they delve into the intricacies of tax season preparation, sharing invaluable tips and strategies to help you maximize their tax refunds and streamline the filing process. From staying organized year-round to making informed decisions with tax refunds, this episode promises to equip you with the knowledge and tools necessary to navigate the complexities of tax season with confidence.Here’s the recap of today’s 15-minute episode: * How to maximize your tax refund this tax season* Simplify the tax filing process and stay organized * How to use your tax refund to get ahead with your saving goals * How life changes and financial goals impact your tax planning* Tips for being prepared throughout the year for tax season.Listen below or read the transcript that follows.

Welcome to another episode of Good Cents by Payactiv! In this edition, your host Eric Rosenberg is joined by budgeting and personal finance expert Allison Baggerly from The Inspired Budget. Together, they explore lucrative career paths that don't require a college degree. From commercial pilots to electrical power line installers, dive into a variety of professions that offer considerable earning potential without the a formal degree. Join them as they uncover opportunities for financial success and inspire listeners to consider alternative paths to achieving their career and financial goals.* Overview of high-paying careers without college degrees: from pilots to power line installers.* Insights into earning potential and opportunities in aviation, firefighting, real estate, and trades.* On-the-job training and certifications for career success.* Thinking creatively about career paths for financial success.* How new career possibilities can lead to financial wellness.

In this episode of the Good Cents podcast, Eric Rosenberg dives into the costs and factors that go into buying a car and how to save money during the process. Learn about common financial complications associated with owning a vehicle and how to make informed decisions from purchasing to maintenance. From the disadvantages of leasing to the benefits of buying reliable used cars, understand how to align car expenses with one's long-term financial goals. By the end of this episode, you’ll feel empowered to take control of your automotive finances and make informed decisions about purchasing a car. Here’s the recap of today’s 15-minute episode: * What to prioritize when purchasing a used car* How buying a car fits into your long term financial goals* The pros and cons of leasing and buying a car* How your budget, credit score, and savings impact your car buying experience

In this episode of Good Cents, we dive deep into the world of financial apps and uncover the strategies and tips you need to leverage them effectively to reach your financial goals. Our expert guest, Bobby Lee, is a seasoned financial advisor. He shares invaluable insights on selecting the right apps, setting achievable goals, and creating a personalized financial app strategy based on your unique situation. Whether you're aiming to save for a big purchase, build an emergency fund, or invest for retirement, this episode is your key to understanding the full potential of financial apps to unlock your financial success.Here’s the recap of today’s 20-minute episode: * What to prioritize when choosing a financial app* Why it’s important to choose an app that has a real-time connection to your bank account* Monitoring your credit score using a financial app* How to avoid account hacking and fraud