In this episode, we discuss the 50/30/20 budgeting method, a simple and effective way to manage your money and reach your financial goals. This method divides your after-tax income into three categories:

• 50% for needs: This includes essential expenses such as housing, food, transportation, and utilities.
• 30% for wants: This includes non-essential expenses such as entertainment, dining out, and travel.
• 20% for savings and debt payments: This includes saving for retirement, paying off debt, and building an emergency fund.

We'll explain how the 50/30/20 budgeting method works, discuss the benefits of using it, and provide tips for getting started. This method is a great way to take control of your finances and reach your financial goals faster.

As a reminder, I am not a financial advisor and this information is intended for educational purposes, not as financial advice.

In this episode, we discuss 5 important considerations to consider when opening a bank account. We'll cover topics such as purpose, security, convenience, promotions, and reputation.

Whether you're an incoming college student, in trade school, working, or just enjoying life, this podcast is suited for young adults to enhance their financial literacy!

Here are some of the specific things we'll cover in the episode:

• Purpose: What is your purpose for a bank account? Do you need a high-yield savings account? A checking account with no fees? A credit card with rewards?
• Security: How do you protect your hard-earned cash? Which bank do should you select?
• Convenience: Which matters more technology or interpersonal communication? Does it really matter?
• Promotions: What should you consider when selecting a promotion? (this is completely optional btw)
• Reputation: Why a bank's track record can (potentially) affect you

We'll talk about the 4 key differences between a bank and credit union: purpose, financial services offered, interest rates, and technology; and I'll talk about my own personal experiences with credit unions.

If you've always wanted to become more financially literate and don't know where to start, this podcast is right for you.

*Disclaimer: I am not a financial advisor, and this podcast is intended for educational purposes only. This is not professional financial advice. Research and utilize other resources before making a decision.*