This week, we're spending seven days inside Shannon’s wallet, a 41-year-old teacher, mom of two, and money-minded multitasker who lives in a suburb of Washington, D.C. With summer break just beginning, Shannon uses her time off to reflect on her relationship with money, childhood financial trauma, and the emotional tug-of-war between responsible budgeting and spontaneous joy. 🎙️ In this episode, you’ll hear: How Shannon and her husband manage money as teachers Why she’s focused on paying off her credit cards daily, and what that’s done for her mental health The role of sinking funds in keeping her finances on track (yes, even for fun things!) How her childhood shaped the way she spends and saves today The internal negotiations she has before “want” purchases What she’s teaching her daughters about money If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever dreamed of walking away from your job — not forever, but just long enough to breathe, explore, rest, or chase a big, bold adventure? This week, we're talking about a radical reframe: What if we didn’t retire once at 65… but instead took many retirements throughout our lives? Jean sits down with Jillian Johnsrud, author of Retire Often: How Anyone Can Take Multiple Career Breaks To Unlock Adventure, Advance Their Career, and Find Financial Freedom. By 40, Jillian and her husband had taken more than a dozen mini-retirements; all while raising six kids, building a real estate portfolio, traveling the world, and staying financially afloat. 💡 In this episode: What exactly is a mini-retirement,  and how is it different from a vacation or sabbatical? How to afford time off even on a normal salary The 6.5% savings trick that could fund a lifetime of breaks How to negotiate a month off from your employer Why taking time away from your career could actually make you better at it If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this special HerMoney Mailbag episode, Jean Chatzky is joined by financial feminist icon Tori Dunlap, founder of Her First $100K and host of the Financial Feminist podcast. Tori returns to tackle some of your most pressing financial dilemmas. 💳 One listener is drowning in $100,000 of credit card debt despite making $180K/year. What can she do next when consolidation loans and HELOCs are off the table? ✈️ Another wants to know if her premium travel credit card is still worth the sky-high fee now that her lifestyle has changed. Should she downgrade and preserve her credit? 💼 And a couple wonders if their $4 million net worth (including real estate) means they're ahead of retirement benchmarks or behind. Whether you're reevaluating your spending, saving for retirement, or simply wondering if you're doing enough with your money, this episode is full of insight, empathy, and financial empowerment. … Does more financial confidence sound good to you, then you might want to try:  🚀 FinanceFixx – HerMoney’s 4 or 8-week Money Makeover financial coaching program that will help you get your finances on track!  📈 InvestingFixx – HerMoney’s investing club for women who are ready to learn market lingo, and grow their wealth. Your first month with us is completely free!  Have a question for us? Write to us (or send us a voice note!) at mailbag@hermoney.com.  While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Every week on the HerMoney podcast, we talk about how to get control of your money, and in most cases, that means getting in control of your spending and knowing exactly where your money is going. Having this knowledge is so important because the truth is that many of us may be sabotaging ourselves financially.  Sarah Newcomb, applied behavioral scientist at Edward Jones, and the author of Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind, joins us to talk about why we financially self-sabotage and how to stop.  CHAPTERS: 00:00 Introduction 06:00 What is Financial Self Sabotage 17:00 Setting Long-Term Financial Goals 28:00 Impulse Spending and Emotional Triggers 38:00 Mailbag Question 1: Should I stretch my budget to purchase my dream home? 43:00 Mailbag Question 2: I’m in a lot of credit card debt, will credit card companies negotiate it with me?  TAKEAWAYS: Financial self-sabotage can manifest in many unconscious ways. Women often prioritize caregiving at the expense of their financial goals. It's essential to balance short-term desires with long-term financial health. Emotional health is deeply intertwined with financial education and success. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you listened to our episode with Sabrina Corlette, founder of the Center for Health Insurance Reforms, you are already armed with the information that you need to make a decision about which healthcare plan you want to choose when open enrollment rolls around.But no matter which one you choose, it's also inevitable that at some point you are very likely to receive a medical bill that you didn't expect. That's where negotiation comes in. Our guest today, Braden Pan, founder and CEO of Resolve, a company that negotiates your medical bills on your behalf. He's joining us to talk about how you can do this yourself, how to negotiate your medical bills down, when to settle and pay up, and when to get your insurance company to step in and cover more. Chapters: 00:00 Introduction 10:00 Tips For Negotiating Medical Bills 16:00 How To Be Your Own Advocate 25:00 What To Do If You Can’t Pay the Bill Takeaways: - Before negotiating, gather as much information as possible about your medical bills. - Persistence is crucial when negotiating medical bills.  - Make allies, not enemies. It may take multiple attempts to reach an agreement.  - Many hospitals offer financial aid programs and will be flexible with you.  Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s that time of the year again: yes, it’s spooky season, but it’s also time for open enrollment. This year, it’s absolutely essential that we do a thorough review of all our health insurance options, and make sure we’re choosing the best plan for us — without paying a penny more than necessary. Sabrina Corlette, research professor, founder, and co-director of the Center on Health Insurance Reforms (CHIR) at Georgetown University shares the mistakes she wants you to avoid when choosing a healthcare plan this year.  Chapters: 00:00 Introduction 04:00 What’s New For 2025 Open Enrollment  10:00 Evaluating Plan Options 22:00 Shopping Around For Healthcare 24:00 HSAs vs FSAs 29:00 Mailbag Question 1: Can I open an HSA outside of my employer?  33:00 Mailbag Question 2: I’m coming up against hefty healthcare costs, how do I pay for them without draining my emergency fund?  Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are bringing you a mailbag with listener Amy. She’s in her early 40s and she is wondering if she should hit the brakes when it comes to saving for retirement because of the other things on her plate. She's working on paying down credit card debt and she wants to be able to afford to move into a nicer home.  So, what's the order of operations here? We’ll dive into some timely advice for her. Chapters: 00:00 Introduction to Financial Priorities 02:57 Understanding Current Financial Situation 06:00 Exploring Debt Management Strategies 09:07 Retirement Contributions and Future Planning 12:12 Real Estate Considerations and Options Have a personal finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Every year during hurricane season, we see that many of you have questions about how to lower the cost of homeowner’s insurance. And we get it — it’s so difficult to know exactly which policies are right for your specific property.  Ben Keys, the Rowan Family Foundation Professor of Real Estate and Finance at the University of Pennsylvania’s Wharton School, shares how to know how much coverage we really need, and walks us through the steps to take to get a better deal on our policies.  Chapters: 00:00 Navigating Homeowners Insurance in a Changing Climate 05:58 Understanding the Rising Costs of Homeowners Insurance 11:52 Assessing Your Insurance Needs and Coverage 17:59 What to Do When Your Insurer Drops You 24:00 Practical Tips for Lowering Your Insurance Premiums Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Ben Keys NY Times Op-Ed: https://www.nytimes.com/2023/05/07/opinion/climate-change-homeowners-insurance-housing-market.html Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

We know that aging is a privilege, but there is still so much negativity wrapped up with aging — particularly for women who are still thriving in their careers. There’s perhaps no greater blow than to be made to feel we’re “past our prime” just when we finally hit a point in life where we have more clarity and more to offer the world than ever.  Tamsen Fadal, "The Midlife Mentor" on Instagram, joins us to talk about what she’s letting go of now that she’s in her 50s, and the misconceptions we all need to push back on about midlife. Chapters: 00:00 Introduction 05:00 Changing Careers After 50 09:00 Menopause Support At Work 14:00 Debunking Myths About Productivity in Midlife 22:00 Tamen Fadal’s Fashion and Personal Style 25:00 Mailbag: I’m a recent widow, should I sell my historic home to free up cash for traveling? Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we're bringing you an extra special mailbag with friend of the show and Director of Personal Finance and Retirement Planning at Morningstar, Christine Benz. If you listened to our “New Rules for Retirement” episode, then you know all about Christine and why she thinks women need a new playbook for retirement.  We are going to tackle a few of the follow-up questions that came from our viewers on YouTube, go check out our channel if you haven’t already! Chapters: 00:00 Introduction 03:00 Mailbag Question 1: I have 425k saved and want to retire early, what am I missing?  08:00 Mailbag Question 2: I have 700k saved, how much can I safely start to withdraw without running out of money? 12:00 Mailbag Question 3: I’d like to begin converting money from my 401k to my Roth before I retire, is that possible? 17:00 Mailbag Question 4: I’m 62 and after a series of setbacks I’m basically starting over financially. How do I get started saving for retirement this late in the game?  Have a personal finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Admit it: You’re overworked. We spend more time working in America than any other developed country. And maybe you think we’re working extra hours because we’re doing work that feels necessary and engaging and fulfilling — but no. We just don’t care about our jobs as much as we used to.  So, is there a way to ensure we’re doing productive work that we actually enjoy? Brigid Schulte, author of Over Work: Transforming the Daily Grind in the Quest for a Better Life, spent 10 years researching our discontent with work. She eventually found countries, companies, and people who are all doing it better. Here’s what they're doing right, and how to change your situation, ASAP.  Chapters: 00:00 Introduction & Work Culture Overview 05:00 The Shift in Work Expectations 10:00 The History of Work in the US 17:00 Iceland’s Short Work Hour Movement  24:00 Practical Tips to Reduce Overwork in Your Own Life 35:00 Mailbag Question 1: How to manage stock received as part of a divorce 38:00 Mailbag Question 2: ​​Should I pay down debt or max out my retirement savings? Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

When was the last time you made a new friend? A real friend, not an online one, a friend that you can actually grab brunch with, or go for a walk with. Our guest today, Adam Smiley Pozwolsky, millennial workplace expert and author of Friendship in the Age of Loneliness: An Optimist’s Guide To Connection says the average American hasn't made a new friend in the last five years, and that 75 percent of us are not satisfied with the friendships we do have. So our challenge for you today after you listen is to go out there and make plans with a new friend or make a plan with somebody that you've been meaning to get back together with for a while and then report back. Drop us a note at mailbag@hermoney.com if you followed through on plans with someone after listening to this episode!  Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

We know that our connections to our families, our friends, and our communities are SO important — so important that when we don’t maintain them, our health and our overall well-being can suffer.  Maintaining our connections in real life is essential, and perhaps nobody knows that better than our guest Danielle Bayard Jackson, known as “The Friendship Expert” on TikTok. Listen in to hear how societal changes, cultural obstacles, and personal expectations have changed the way we maintain our most important relationships.   And then, Allison Gilbert, co-author of “The Joy of Connections” with the late Dr. Ruth, talks about how we can forge deeper connections and show the people we love that we care about them — without going broke in the process.  Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Chapters: 00:00 Introduction 02:00 Danielle Bayard Jackson and The Finances of Friendship 06:00 Challenges of Modern Friendships 17:00 The Friendship F.I.L.E.S. Framework 25:00 Transition to Allison Gilbert and The Joy of Connections 36:00 Forming New Connections and “Being the Turtle” 43:00 What Authentic Connections Really Do For Us Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, we’re sounding the alarm on a story that hasn’t gotten nearly enough attention but could have major consequences for your paycheck, retirement, taxes, and future. Jean sits down with HerMoney favorite and leading labor economist Kathryn Edwards to unpack the recent firing of the Bureau of Labor Statistics (BLS) chief and why it could undermine the very data we rely on to understand inflation, jobs, and the strength of our economy. Also in this episode: 💥 What’s really happening in the job market 📉 Why the economy may be weaker than it looks 📊 How inflation and revisions to labor data could hit your investments 🏡 A candid, eye-opening investor playbook for navigating today’s economic uncertainty If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are bringing you two mailbag questions with our incredible listeners. First, we'll be talking to Beth. She is calling in from upstate New York. Beth is in her early 60s and her company's made the decision to terminate employee pensions, which has left her with some options: Should she take the lump sum? Should she roll it over? We'll dive into some timely advice for her. Then we'll be talking to Sarah. She is wondering how best to start a side hustle as she transitions out of her long-time career as a healthcare executive.  Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Chapters: 1:00 Mailbag Question 1: My pension is being terminated, help! 5:00 Retirement Annuity Option 8:00 Lump Sum Option  18:00 Mailbag Question 2: How do I get paid for freelance writing? 27:00 Starting A Blog or Substack Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. Take the MoneyType quiz here and listen to our MoneyType episode for a deep dive here.  Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Money is SO personal, and no matter how prepared you think you are to meet your money goals, there are many factors that can throw a wrench into your carefully designed plans. There’s perhaps no greater hurdle to overcome than being part of a community that is historically diminished in conversations about money.  Ellyce Fulmore, a queer ADHD money coach and neurodivergent content creator, joins us to talk about the social and personal identities that make you who you are — and how they shape the way we manage our money.  Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Chapters: 00:00 Introduction 03:13 Understanding ADHD and Neurodivergence in Money Management 22:37 The Five Account System 30:11 Visual Reminders and Progress Trackers 35:11 Creating a Mental Health Sinking Fund 39:48 Navigating Money Conversations in Relationships 40:00 Transition to Mailbag 41:00 Mailbag Question 1: How do I close a credit card without harming my credit? 49:00 Mailbag Question 2: Should I change my retirement money goals if I’m part of an underrepresented community?  Take the MoneyType quiz here and listen to our MoneyType episode for a deep dive here. Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount.  Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

It finally happened…the Fed lowered interest rates, by a greater-than-expected half a percentage point when they met on Wednesday. This was the first time rates were cut in more than four years, and it’s expected that the Fed may continue cutting the rate at its two remaining meetings before the end of this year.  We’ve heard from many of you who have been waiting to drive off the lot in a new — or new-to-you — car until rates fell. That’s why this week, we’re re-releasing one of our most popular car-buying episodes, all about buying, selling, and the surprising places where you can and can’t negotiate at the dealer.  We’re joined by Scotty Reiss, founder and CEO of A Girls Guide to Cars, a website that’s empowering women to be smarter, happier car owners by arming them with car information. Don’t forget to drop me a note at mailbag@hermoney.com if you used one of Scotty’s tips when you negotiated at the dealer!  Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount.  Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A few months ago, AARP released a survey that found that one in five Americans over 50 reported having no retirement savings, and over half don’t think they'll have enough money to keep them going in retirement. While many of us used to have pension plans to keep us afloat in retirement, now the vast majority of us rely heavily on Social Security and 401(k)’s.  Our system and our life expectancy are just different now…which means we need to plan differently. (And yes, this means we need to actually make a plan.) Christine Benz, author of How To Retire: 20 Lessons For A Happy, Successful, And Wealthy Retirement, shares her top strategies for planning the retirement of your dreams.  Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Chapters: 00:00 The Retirement Crisis 02:00 Planning for Longer Lives 04:01 The Shift in Retirement System 06:50 Challenges of Retirement 10:01 Cognitive Decline and Long-Term Care 13:46 The Bucket Approach to Retirement 22:14 How To Calculate Retirement Needs 26:24 The Impact of Taxes on Retirement 29:04 Non-Financial Aspects of Retirement For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

CDs (Certificates of Deposit) often get dismissed as "your parent's savings plan"—safe but, let's be honest, a little boring. But in today's high-interest-rate environment, they're making a strong comeback as a smart choice for short- and medium-term savings. With inflation cooling and the Fed expected to cut rates soon, these great rates won’t last forever. Joining us today is banking veteran and CEO of CD Valet, John Blizzard, to break down what CDs are, who should consider them, and whether now is the perfect time to invest. Chapters: 00:00 Introduction 03:14 How To Find the Best CD Rates 05:21 Retail CDs vs. Broker CDs 09:12 Locking in High CD Rates in a Decreasing Interest Rate Environment 11:24 CDs: A Savings Option for Savvy Savers, Retirees, and Event Savers 13:26 Shopping Around and Being Aware of CD Rollover Options 16:24 Considering Digital Capabilities When Opening a CD Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this double-feature Mailbag, Jean talks to Kathryn and Audrey. Kathryn is a little over a decade from retirement and recently started a new job. In her new role, she'll be eligible to receive a pension when she retires. She's wondering if, in addition, an annuity makes sense for her.  Our next call is from Audrey who’s working on rebuilding her credit after not being employed for a little while. She’s wondering if now is the right time to close the credit cards she opened up that have monthly fees.  Chapters: 1:00 Mailbag Question 1: Do I need an annuity? 5:00 Investing and Planning for Retirement  9:00 Planning for Future Expenses  14:00 Mailbag Question 2: Is now the right time to close credit cards with monthly fees? 19:00 Building up an Emergency Fund 21:00 Goals for Financial Independence  Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

From lip butter to Botox, people today are shelling out a lot of money on beauty products and procedures. According to The Aesthetic Society, people in the U.S. spent $11.8 billion on aesthetic procedures in 2022. When it comes to beauty products, one report from Lending Tree shows the average American spends $1,754 annually, with younger generations budgeting even more for beauty (thanks, TikTok). But do we really need to spend big bucks on beauty products and procedures to look our best? Val Monroe, the former longtime beauty director at O Magazine and writer behind the popular Substack How Not To F*ck Up Your Face, says it’s time to get back to basics. She joins us to talk about her simple skincare routine and whether you really need that new product you’re eyeing. Chapters: 00:00 Introduction and the Shift in Beauty Conversations 03:21 The Importance of a Simple Beauty Routine 17:04 Exploring the Use of Botox and Fillers 27:24 Embracing Self-Acceptance 31:12 Making Informed Beauty Purchases Using the Five W's 32:00 Transition to Mailbag Segment 34:00 Mailbag Question 1: How much skincare do I really need?  38:00 Mailbag Question 2: What is the correct order for skincare products?  40:00 Mailbag Question 3: How long does it take to see results? Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.  Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Did you spend too much this Labor Day weekend? Yeah...us too. Marketers are smart and they're only getting smarter. These days, there is so much targeted marketing based on what we like on Instagram, what we're watching on TikTok, or even (more creepy) the conversations we’re having with friends. Sometimes it can be really difficult not to just click buy when the recommendations are SO spot on.  So, how do we resist? And how do we know when it's really the best time to buy the mattress, or the TV, or the couch, or whatever is featured in that back-to-school special? Mindy Weinstein, marketing and psychology expert, and author of: “The Power of Scarcity, Leveraging Urgency and Demand to Influence Customer Decisions,” says it's all about figuring out if you actually need that thing or if you're a target of what she calls scarcity marketing. Takeaways: Scarcity is a powerful marketing tool that taps into our primal instincts and influences our decision-making process. Scarcity triggers a sense of urgency and fear of missing out (FOMO), leading to impulsive purchases. There are four types of scarcity: demand-related scarcity, supply-related scarcity, limited edition scarcity, and time-related scarcity. Scarcity can be used by individuals to improve their personal and professional lives. Understanding the tactics of scarcity marketing can help make smarter financial decisions. Chapters: 00:00 The Power of Scarcity 03:19 The Science Behind Scarcity in Our Brains 09:11 Four Types of Scarcity 23:31 The Influence of Scarcity in the Economy 25:00 Transition to Mailbag Segment 26:00 Mailbag Question 1: What are the pros and cons of maintaining a long-term care policy?  32:00 Mailbag Question 2: Should I leave my full-time job and take on multiple part-time jobs? Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Close your eyes for a second and step back to the 1940s. Specifically, New York City in the 1940s. You’re walking down the crowded street with a certain pep in your step because guess what? You’re headed to your favorite department store, Lord & Taylor.  Department stores were not only the places where women shopped but also the places where women had power — power they did not have elsewhere at the time. Julie Satow joins us to talk about her new book: “When Women Ran Fifth Avenue: Glamour and Power at the Dawn of American Fashion,” and how women working in department stores in the early 1900s carved new paths for what it means to be a woman at work today. Chapters: 00:00 Department Stores in the early 1900s  6:00 How Department Stores Empowered Women 14:17 Challenges Working Women Faced 23:36 Inspiration for Women Today 30:00 Transition to Mailbag Segment  32:00 Mailbag Question 1: Where do I put the money my kids made this summer? 37:00 Mailbag Question 2: Will closing my business credit card hurt my credit?  Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Mailbag, Jean talks to Ally, a 39-year-old single woman who bought a house in 2020 when rates were low and is wondering if now is the right time to upgrade and whether or not to keep her current home as a rental property. Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Women are building wealth like never before and doing it with confidence, strategy, and purpose. In this episode, Jean sits down with Tori Dunlap, founder of Her First $100K and host of the Financial Feminist podcast, to talk all things investing, financial power, and the game-changing “Great Wealth Transfer” that’s already underway. Whether you’re ready to invest for the first time, build better financial systems, or just stop apologizing for your ambition, this episode is for you. What You’ll Learn: Why index funds are Tori’s go-to investment strategy The emotional weight of inheriting money and how to handle it with grace How to set up systems that make your money work for you Smart credit card point strategies that won’t wreck your credit How financial self-care can change your life If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. 💬 Connect with Tori: herfirst100k.com/quiz  🎙️ Rate and Review: If you loved today’s conversation, please leave us a 5-star review.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Very classy, very demure, very mindful…that’s how the new TikTok trend that recently went viral from creator Jools Lebron says we should be in the workplace. We should be presentable, wear minimal, clean makeup, and not take up too much space. In other words, we should be bringing a muted version of ourselves to the workplace. Bonnie Hammer, Vice Chairman of NBC Universal and author of: “15 Lies Women Are Told At Work: The Truth We Need To Succeed” has a different take. She says work doesn’t have to be the place where we leave our “fun” real selves behind, not anymore. Listen in to hear the other outdated lies Bonnie says are holding us back at work and the truths we need to succeed.  Chapters: 00:00 Introduction 2:55 Embracing Fun and Authenticity in the Workplace 04:33 Following Opportunities Instead of Chasing Dreams 08:14 Differentiating Personal Worth and Professional Worth 13:54 Embracing Stereotypically Female Characteristics as Strengths 19:52 Supporting and Uplifting Women in the Workplace 29:54 Embracing Change and Paying It Forward 35:00 Transition to Mailbag Segment 38:00 Mailbag Question 1: Pre-retirement, should I pay off my home or put more money into an annuity?  43:00 Mailbag Question 2: I want to retire when I’m 56, do I have enough saved?  For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week, 2.9 billion records of personal data were for sale, from people in the US, Canada, and Britain, stolen from a company that does background checks called National Public Data. This data breach included the holy grail, Social Security numbers.  This is just one of the thousands of data breaches that have happened so far this year and a continuation of a growing pattern. Kim Komando joins us to share the 4 simple steps you can take right now to protect your data online.  Chapters: 00:00 The Impact of Data Breaches 02:34 How To Check if Your Data Is Part of a Breach 09:42 Opting Out of Data Broker Sites 13:15 Paid Services For Removing Personal Information 17:36 Password Etiquette 21:53 Privacy Risks of Smart Devices 24:05 Key Takeaways and Staying Informed Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!  Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Annika Sorenstam is one of the best female pro golfers that the world has ever seen. She also is a woman, like many of us, who started out with very little money, made some, and had to learn first how to budget it, and then how to invest it. She shares how she manages her money and advocates for other female professional golfers, on and off the green.  Chapters: 00:00 The Parallels Between Sports and Personal Finance 03:19 Discipline and Preparation for Success 07:41 Applying Discipline to Financial Life 10:33 Savings and Investment Strategies 18:16 Off-Course Development for Young Women in Golf 26:27 Transitioning from Sports to Life After 35:33 The Benefits of Playing Golf Takeaways: Discipline, preparation, and building on small habits over time are key to achieving success in both sports and personal finance. Having sponsors like Gainbridge is crucial for supporting initiatives that empower women in sports. Learning the game of golf has numerous benefits, including inclusivity, physical and mental challenges, and social connections. Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

However you feel about LinkedIn, there’s no denying that having a profile is important. According to Forbes, LinkedIn is an essential platform to not only establish a professional online presence but also to showcase your skills and accomplishments.  Hala Taha, top LinkedIn influencer and host of the Young and Profiting podcast says that having a LinkedIn that gets you noticed is so much more than uploading your resume and a nice headshot. She shares how to use LinkedIn effectively to build your personal brand and get noticed by recruiters and hiring managers.  Takeaways: Having an up-to-date LinkedIn profile is important for standing out to recruiters and making a positive impression. Being a content creator on LinkedIn can help you establish your personal brand and grow your following. Using keywords strategically in your profile can improve your visibility and make it easier for recruiters to find you. LinkedIn is a valuable platform for finding clients and job opportunities. Chapters: 00:00 Introduction 05:00 Hala’s Early Career & Setbacks 11:00 How Hala Built YAP Media 15:00 Building A Personal Brand on LinkedIn 27:00 Strategies For Landing A Job Using LinkedIn 30:00 Transition To Mailbag Segment 37:00 Mailbag Question 1: How do I make sure I’m being compensated fairly? 43:00 Mailbag Question 2: Is it wise to annuitize part of my 403b? Further Listening: How To Rock Your LinkedIn Profile Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!  Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Mailbag, Jean talks to Allie, who is looking for advice on how to help her friends who are about to inherit a significant amount of money. She wants them to make smart financial decisions and overcome their struggles managing money in the past.  Have a personal finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learning something new can be daunting, especially as you get older. But here’s the thing, the sooner you master a new skill, whether it be how to invest in the stock market, manage your debt, or take on a new sport — the closer you are to mastering it.  Gwendolyn Bounds, author of “Not Too Late: The Power of Pushing Limits At Any Age,” wants you to ignore that nagging voice at the back of your head that says that you don’t know enough to get started and just take the first step. She did that when she took on Spartan Racing at age 47 and today, we’re talking about the parallels between striving for financial and physical goals at any age.  Takeaways: Setting big goals, whether they be physical or financial, and breaking them down into smaller steps is the key to achieving personal growth. Overcoming financial and physical challenges requires perseverance and a willingness to push yourself beyond your comfort zones. Financial and physical challenges share similar processes of setting goals, learning new steps, getting out of your comfort zone, and seeing incremental improvements add up.  Chapters: 00:00 Introduction 03:04 The Power of Learning New Skills in Middle-Age 06:39 Embracing New Challenges, Spartan Racing 12:17 Similarities Between Personal Finance and Exercise  19:13 Overcoming Fear 23:54 Finding Patience in Plateaus and Setbacks 33:18 The Connection Between Financial and Physical Well-being 35:46 Transition to Mailbag  39.30 Mailbag Q 1: Should I take out a reverse mortgage? 43.51 Mailbag Q 2: Should I invest my HSA money? Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

When we start losing our hard-earned money in the market, we want to put a stop to it. We want to take action. But statistically, we know that investors who stay the course do better over time than those who try to time the markets.  Jinny Uppal, author of “IN/ACTION: Rethinking the Path to Results," dishes on why we should stop listening to the voice in our head that tempts us to a default action path. "The belief that ‘I am the one who can control the outcome with my action,’ makes us take more action than is necessary," she says. In Mailbag, we advise a divorced listener on setting up a trust for her son.  Takeaways: Why strategic inaction might be your best move during times of instability in the market. Personal signals that indicate when to take action or pause. Why we associate action with results and how that could lead us astray.  It’s important to take informed actions based on thoughtful consideration. Chapters: 0:00 Intro 3:30 The Importance of Thoughtful Pauses  5:57 When To Take Action and When To Pause 7:40 Recognizing Signals of Stress 10:19 Investment Recommendations 22:55 Right Action vs. Inaction 33:56 Mailbag: Setting Up a Trust and Estate Planning Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today is Mom’s Equal Pay Day so we’re talking about the reality of motherhood in America today, no not the reality we see on social media where momfluencers make pregnancy to childbirth, to raising multiple kids seem like a breeze…we’re talking about what it’s really like to have kids in a country that doesn’t make it easy for us.  Jessica Grose, author of, “Screaming on the Inside: The Unsustainability of American Motherhood,” said she did everything right before she had kids, she was married, had a successful, thriving career, and was debt-free, but she still wasn’t ready for the reality of motherhood, and doesn’t think any of us are. We go over what every woman should do before welcoming a new addition to set themselves up for success. Takeaways: Having children in America can have negative financial and career implications. Cultural norms around motherhood in the United States are contradictory and place unrealistic expectations on mothers. Governmental solutions such as paid family leave and affordable childcare are needed to support working parents. Parents should support each other and ask for help when needed, and society should be more understanding and less judgmental of parents in public spaces. Chapters: 0:00 Challenges of Motherhood in America 11:16 Changing Expectations of Motherhood 15:33 Paid Family Leave and Solutions 22:32 Childcare Costs and Inflation 24:22 Advice for Parents Considering New Jobs 27:33 Transition to Mailbag Segment  33:30 Mailbag Question 1: Managing a $2 Million Inheritance 38:26 Mailbag Question 2: Splitting Finances with A Live-In Partner Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this special episode, Jean Chatzky is joined by professional investor and cohost of our InvestingFixx club, Karen Finerman. They’re talking about what the heck is going on with the stock market right now. With tech stocks plummeting and recession fears looming, Jean and Karen emphasize the cyclical nature of markets and the importance of staying calm in a downturn. They share their extensive experience with market fluctuations and offer practical advice on managing your investments during turbulent times.  Interested in learning more about investing in the stock market alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Takeaways: Don't panic and fall for herd mentality during market fluctuations. Review your holdings and look for opportunities during market downturns. Control risk by avoiding leverage and being in charge of your positions. Consider making IRA contributions and buying stocks on sale during market drops. Chapters: 0:00 Intro 7:11 Market Reaction to Bad Jobs Report 8:24 Concerns About Achieving A Soft Landing 10:57 Challenges with the Yen 13:10 Warren Buffett's Apple Stake 15:15 Comparison to the Market Crash in 1987 18:43 Advice on Market Volatility  23:53 Risk Management in Trading 27:25 Investing Strategy During Market Downturns Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You asked, we answered! In this Mailbag, Jean is joined by Celeste Headlee, author of, “We Need To Talk: How To Have Conversations That Matter” to talk through how to approach your toughest money conversations.  They tackle your questions on everything from preparing kids for navigating their own finances in college to addressing salary disparities at work. Celeste shares practical advice from her own life, including budgeting tips for teens and strategies on how to approach a raise conversation with your employer.  Have a question for us or want to jump on a call with Jean? Write in at mailbag@hermoney.com. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Takeaways: Break financial conversations into smaller parts to make them more manageable and focused. Involve children in budgeting and decision-making to help them understand the cost of living and the value of money. Salary transparency is important for achieving pay equity, but it's not necessary to disclose salary information to coworkers or family members. Consider the context and purpose of financial conversations before sharing. Chapters: 0:00 Introduction 1:00 Tough Money Convo 1: How To Talk College Financials With Your Kid  6:25 Tough Money Convo 2: Coworkers Payscale and Asking For A Raise 10:00 Tough Money Convo 3: How To Respond When Family Asks About Salary Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

As more companies push for a return to the office, one thing is clear: workplace etiquette has never felt murkier. What’s the right way to navigate a hybrid schedule, an in-person meeting full of “old-school” colleagues, or a toxic work environment that feels impossible to escape? In this special HerMoney Mailbag episode, Jean Chatzky is joined by Lizzie Post, great-great-granddaughter of Emily Post and co-author of the new book Emily Post’s Business Etiquette. Lizzie brings clarity to the confusion with thoughtful, modern advice on everything from salary negotiations to how to speak up in a room full of senior men. Together, they answer your real-world questions, including: How to take credit for your ideas without sounding arrogant What to say when you're being seen as "the daughter" instead of the professional Whether that shiny new job offer is worth the pay cut (or worth leaving your current one) How unlimited PTO really works (and if it’s too good to be true) If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re smack dab in the middle of one of the hottest summers on record and although the heat can make many of us go a little crazy, it also forces us to slow down a lot, spend some time by the pool or the beach (or in the comfort of your living room with the AC on full blast) and embrace boredom more.  Celeste Headlee, author of, “Do Nothing: How to Break Away from Overworking, Overdoing, and Underliving,” joins us to talk about why taking all of your vacation days is good for your career and how to really disconnect when you’ve turned on your OOO.  Takeaways: Embracing boredom and taking time for rest and relaxation can lead to better ideas and improved creativity. Taking vacations is essential for overall well-being and can lead to career success. Finding the best times for focused work and understanding our own productivity patterns can improve efficiency and work-life balance. Younger generations are rejecting toxic work culture and prioritizing work-life balance and well-being. Defining personal goals and focusing on end goals rather than means goals can lead to greater happiness and fulfillment. It's important to reevaluate priorities and find a healthy balance between work, rest, and personal fulfillment. Chapters: 0:00 Introduction 2:35 Embracing Boredom for Creativity 7:17 Importance of Taking Vacation Time 13:15 The Three-Pronged Influence on Work Guilt 19:18 Gen Z's Preference for Analog Solutions 22:14 Intrinsic vs. Extrinsic Motivation 26:58 Transition to Mailbag Segment 29:37 Retirement Investments 32:10 Pre-Retirement Financial Checkup 34:45 High Yield Savings Accounts  Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news you can use, subscribe to our newsletter at Hermoney.com/subscribe! Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Mailbag, Jean talks to Cecilia, a 58-year-old listener, about asset allocation and portfolio management as she approaches retirement. She has a defined benefit pension and government benefits, but also wants to draw down on her portfolio for the first few years of retirement.  They explore the need to adjust asset allocation, the role of fixed income in your portfolio, and the importance of building a cash cushion for the initial years of retirement.  Have a question for us or want to jump on a call with Jean? Write in at mailbag@hermoney.com. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Takeaways: Consider adjusting asset allocation as you approach retirement, taking into account fixed income sources such as pensions. Build a cash cushion to cover the initial years of retirement, reducing the need to sell investments at a loss during market downturns. Consult with a financial advisor to create a comprehensive retirement plan, including strategies for cash flow management and mortgage payoff. Evaluate the benefits of individual bonds versus bond funds, considering the potential volatility of bond funds and the security of principal with individual bonds. Chapters: 0:00 Introduction 2:11 Asset Allocation and Retirement Planning 5:13 Cash Cushion for the Initial Years of Retirement 8:02 Consulting with a Financial Advisor 11:00 Mortgage Payoff Strategies in Retirement 12:57 Individual Bonds vs. Bond Funds 15:00 Conclusion The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

When we think about our financial fears, one tops the list: Running out of money before we run out of time. According to the Center for Retirement Research at Boston College, half of all US households are at risk of not having enough income to maintain their standards of living in retirement. The bottom line is that Americans have a problem and we know it. The good news is that we have the ability to fix this problem in our own individual lives, with tools we already have access to today. They’re called annuities, and more people are interested in, and buying annuities, than in years past.   Minji Ro, Chief Strategy Officer at Gainbridge, and Jason Fichtner, Chief Economist at the Bipartisan Policy Center join us to talk about what annuities are, why economists like them, and the advantages of considering them as part of your retirement portfolio. Chapters: 0:00 Intro 4:04 Defining Annuities: What They Are  12:06 The Shift in Retirement Income Strategies Over Time 14:01 The Three Major Types of Annuities: Fixed annuities, Fixed Indexed Annuities, and Variable Annuities 21:23 Transitioning Mindset: From Saving and Accumulating To Spending And Securing Protected Income  24:28 Annuities and Managing Longevity Risks As Women 30:00 Transition to Mailbag Segment 33:23 Retirement For Highly Compensated Employees 41:34 When To Get A Second Opinion From A Financial Planner Takeaways: Annuities can provide a guaranteed stream of income during retirement. There are three main types of annuities: fixed, fixed index, and variable. Economists like annuities because they offload risk and provide income protection. There is a behavioral barrier to annuitization, but changing the framing and understanding the benefits can help overcome it. Women, who earn less and live longer, should consider annuities to manage longevity risk. Have a question for us? Write to us at mailbag@hermoney.com.  While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

For years, we’ve been told that we need a college degree to get anywhere in life and that a college education is the most important thing for our careers. But lately, young people have been asking themselves: do you really need a college degree anymore?  Hannah Maruyama, one of those would-be college students, decided not to take that path. Now she’s making $100,000 a year working in AI and teaching other young people how to discover their passions without a degree. Her experience led her to found Degree Free, a community that helps people find good jobs without a college degree.  She shares the steps to take to decide if a college degree is the right path for you. Chapters:  0:00 The Rising Cost of College and Alternative Paths 9:42 Applying for Jobs Without Meeting Qualifications 15:16 Deciding If College Is the Right Path 24:36 Career Paths Without College 27:43 Finding Apprenticeship Programs 33:30 Learning High-Value Skills Takeaways: The cost of college has become astronomical, leading many to consider alternative pathways to success. There are various pathways to a successful career, including getting a job, on-the-job training, earning a license or certification, building a business, and learning a skill. It is important to consider financial needs and personal interests when choosing a career path. Critical thinking skills are valuable and can be developed outside of a college setting. Parents should have open and honest conversations with their children about the necessity of college and explore alternative options. Have a question for us? Write to us at mailbag@hermoney.com.  While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

We are just past the halfway point of 2024, and things aren’t feeling great economy-wise, despite the US economy reaching “superstar status,” according to a recent article in the Atlantic.  Kyla Scanlon coined the term “vibecession” to explain this feeling. In her new book, “In This Economy? How Money & Markets Really Work,” she breaks down why what’s really going on in our economy feels at odds with what we’re experiencing in our day-to-day lives.   Chapters: 0:00 Intro 4:08 The Disconnect Between Economic Data and Consumer Sentiment 9:10 Personal Economic Experiences 13:37 American Personal Savings Rate 21:26 Economic Impact of Upcoming Presidential Election 27:00 Mailbag Segment 31:25 Evaluating Credit Card Benefits 34:14 Managing Savings for Major Goals Takeaways: Despite the US economy's strong performance, many Americans have a negative perception of the economy — that’s what we call the “vibecession,” influenced by alarmist media headlines and the vague language used by the Federal Reserve. Buying a house is challenging due to high mortgage rates and elevated home prices, with the housing market facing long-standing issues that will take time to resolve. The stock market's all-time high does not necessarily reflect the financial well-being of consumers, as it is driven by a few companies and does not capture the experiences of all Americans. Financial education and savings incentives are crucial to address the low savings rate among Americans and promote a healthier personal economy. The upcoming presidential election could have significant economic implications, with different policy approaches potentially impacting tariffs, student loan debt relief, and other areas. Adopting an adventure mindset and promoting innovation can help address economic challenges and lead to solutions to the housing crisis, rising healthcare costs, and climate change. Have a question for us? Write in at mailbag@hermoney.com. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever stopped for a second and thought about all of the things you do at work in a week? There are some tasks most of us need to do to be successful at our jobs. But do you also find yourself doing other tasks like administrative work, planning and setting up for parties, or training new employees? And have these responsibilities started to take over your work days?   If so, you’re not alone. These types of tasks are called “non-promotable tasks” and women volunteer for them far more often than men.  Dorie Clark’s new book, The Long Game: How To Be A Long-Term Thinker In A Short-Term World delves into how the little tasks we do day to day at work may be harming our long-term career strategy. Chapters: 00:00: Introduction 02:57: Busyness as an Anesthetic 07:42: Defining Long-Term and Short-Term Thinking 14:56: The Importance of Saying No 18:32: Optimizing for Interesting 25:56: Career Waves and Making Smart Choices 28:51: Conclusion Takeaways: Non-promotable tasks, such as administrative work and planning office parties, can take up valuable time and prevent you from focusing on tasks that align with your long-term career goals. It is important to recognize and address overworking as a coping mechanism. Long-term thinking involves considering the big picture and making choices that optimize for interesting and meaningful work. Saying no can be challenging, but it is important to set boundaries and prioritize tasks that align with personal and professional goals. Asking important questions, such as the total cost and physical/emotional impact of a task, can help evaluate requests and make informed decisions. Navigating different phases of a career involves transitioning between learning, sharing, connecting, and reaping phases, and being willing to disrupt oneself to avoid stagnation. Have a question for us? Write in at mailbag@hermoney.com. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

According to the Institute for Women’s Policy Research, while white women earn 82 cents for every dollar earned by a white man, Black women earn just 64 cents. Dasha Kennedy says that for Black women specifically, there are a myriad of reasons for that.  Dasha Kennedy is the founder of the Broke Black Girl, where she shares her personal journey of overcoming financial struggles and specific advice for Black women. Dasha is also a Financial Wellness Board member with National Debt Relief. This Black Women’s Equal Pay Day, she joins us to talk about how she’s pushing back against the gender wage gap and her favorite ways to save money in 2024. Have a question for us? Write in at mailbag@hermoney.com. Chapters: 00:00: Introduction 07:45: Creating Broke Black Girl 11:06: Spending Intentionally 16:22: Pay Yourself First vs. Prioritize Savings 17:57: Collecting Experiences Over Things 19:52: Debt Strategies 22:22: Renting vs. Buying 27:07: Mailbag Segment 29:01: Understanding Mutual Fund Fees 36:25: Credit Score Variability Takeaways: The gender pay gap is a persistent issue, and Black women face an even larger gap compared to white women. Black women need specially tailored financial advice due to their unique experiences as the intersection of race and gender. Strategies for overcoming debt include spending intentionally, setting spending limits, and prioritizing savings. Collecting experiences can be more fulfilling than collecting material possessions. Taking small steps and breaking down financial goals into manageable increments can lead to long-term progress. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The promise and the peril of AI in the workplace seem to be all anyone can talk about these days and the biggest question on all of our minds is — will AI take my job?  According to Fortune 500 Human Resource Officers, the answer is yes, AI could be coming for your job. Gallup found that seventy-two percent of Fortune 500 leaders foresee AI replacing jobs in their organization in the next three years. So how do we get ahead of this? Our guest today, Hilke Schellman, author of The Algorithm: How AI Decides Who Gets Hired, Monitored, Promoted, and Fired, and Why We Need to Fight Back Now shares her ideas.  In Mailbag, we read a listener response to a previous mailbag on the pros and cons of pensions in Europe. We also hear from someone who’s wondering if it would be better to take money out of a long-term care insurance policy and invest it in the stock market.  Chapters: 00:00: Introduction 05:30: Understanding AI 09:22: Challenges for New Graduates 15:06: Making Your Resume Machine Readable 24:54: Preparing for AI-Based Interviews 28:48: Using AI Tools to Your Advantage 29:21: Transition to Mailbag Segment 33:46: Listener Advice on European Pensions 38:20: Long-Term Care Insurance Takeaways: AI is predicted to replace jobs, with women's jobs being more affected. AI tools are used in job interviews and can analyze facial expressions, speech patterns, and keywords to assess candidates. Job seekers can improve their chances by making their resumes machine-readable, using tools like JobScan, and reaching out to recruiters directly. Employees should be aware that their online activities and communications at work can be monitored by AI tools. Dabbling with AI tools and staying up to date with AI technology can make individuals more employable. Have a question for us? We'd love to hear from you! Write in or send us a voicenote at mailbag@hermoney.com. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Mailbag, Jean talks to Alyce about how to pay for home renovations for her special needs daughter and whether it's reasonable to adjust her retirement savings. She and her husband have a home equity line of credit (HELOC) and are concerned about the high interest rate. They also discuss whether they should consider a TSP loan or reduce retirement contributions to pay off the HELOC.  Have a question for us? Write in at mailbag@hermoney.com. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Takeaways: Consider using a TSP loan or reducing retirement contributions to pay off high-interest debt. Consult with a financial advisor who specializes in special needs planning. Set up a special needs trust and consider other estate planning options for a child with disabilities. Take advantage of employer-matching contributions for retirement savings. Evaluate the performance and usefulness of random investment accounts and consider selling them for immediate needs. Chapters: 00:00: Introduction 01:44: Alyce's Family and Home Renovation Needs 07:28: Comparing Mortgage and HELOC Rates 11:04: Retirement Savings Overview 18:38: Considering a TSP Loan 21:48: Selling Stock and Brokerage Account 23:33: Final Advice The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

When we talk about the question of whether women can have it “all,” successful careers, thriving marriages, and families, the messy truth is often, no, at least not all at the same time.  Alli Webb, founder of Drybar found that out the hard way when her business blew up seemingly overnight. She shares what fame, attention, and obsession with building a brand cost her and how she found herself again in the wake of the fallout. In Mailbag, a listener asks if using roadside assistance too many times in a year can cause an increase in her car insurance. Another listener has a question about whether or not she should stay in her marital home post-divorce or sell it and build up her savings for retirement.   Chapters: 0:00: Introduction 03:13 Drybar: From Mobile Business to Brick-and-Mortar 08:14 The Rapid Growth of Drybar and the Cost of Success 21:55 Success and How It Impacted Alli’s Relationships 27:19 Deciding to Let Go of Drybar 31:26 Finding Validation from Within 31:32: Transition to Mailbag 34:58: Listener Question: Auto Insurance and Roadside Assistance 37:29: Listener Question: Mortgage vs. Savings Post-Divorce Takeaways: Figuring out your greatest passions can lead to a successful business idea. Scaling a business quickly can be both exciting and overwhelming. Finding balance between work and personal life is crucial for happiness and well-being, especially as an entrepreneur. Excellent customer service and creating a welcoming environment are key to building a loyal customer base.  Success in business can sometimes lead to problems in personal relationships, and it's important to recognize and address these issues. Learning to look inward and understand oneself is crucial for personal growth. Having a community of like-minded entrepreneurs can provide support, guidance, and solutions to common challenges. Going through difficult times can lead to self-discovery and personal growth, ultimately leading to a happier and more fulfilling life. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, we’re talking politics, but not the messy gridlock in Washington. We’re going hyper-local. Because local elections shape our neighborhoods, our schools, our budgets, and our rights. And right now, women are stepping up to lead the charge. Jean Chatzky sits down with Amanda Litman, co-founder of Run for Something and author of When We're In Charge, and Sarah Pierce, HerMoney’s own managing editor and the first female Mayor of Watertown, NY. They get real about what it takes to run, how young women are changing the face of leadership, and why local office might be the most powerful place to start. If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re told to use money affirmations like “I am rich” and “I am always discovering new sources of income” to increase our abundance. We’re even told that we can manifest our way to a completely new life using the power of positive feelings and good vibes. But do money manifestations really work?  Amanda Montell had the same question. In her new book, The Age of Magical OverThinking: Notes on Modern Irrationality, she digs into our obsession with manifestations, nostalgia, confirmation bias, and what it all has to do with our modern existence. (Hint: It’s a lot more than you might think.) Chapters: 00:00: Introduction 04:55: Cognitive Biases and Their Impact 07:44: Cognitive Biases in Financial Decision-Making 13:22: Money Manifestations and Magical Thinking 21:27: Spending on Self-Healing and New Age Practice 26:32: Shine Theory and Female Competition Takeaways: Cognitive biases are mental magic tricks that we play on ourselves to make sense of the world, but they can clash with the information age and lead to irrationality. Positive thinking and optimism have benefits, but applying absolutist ideology or capitalism to ideas of manifestation can be harmful. Women are more likely to spend money on self-healing practices due to marketing and societal conditioning, but balancing optimism and skepticism is crucial. Overconfidence is a bias that affects both men and women, manifesting in different contexts. Shine theory, the idea that another person's success does not diminish your own can help combat jealousy and foster connections. More money news when you need it! Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s no secret that women’s wealth is growing (hello, Great Wealth Transfer) and that we’re investing in the stock market in larger numbers than ever before. A 2023 study by Fidelity found that 60 percent of women are invested in the stock market, up from just 44 percent in 2018. Michele Cagan, author of Stock Market 101, wants to see that number get even higher.  Cagan has spent her career as a CPA and financial mentor working with clients to demystify investing because she knows that getting started can be intimidating, anxiety-inducing, and confusing. She joins us to bust the top 10 myths she hears from people when they get started investing. In Mailbag, we hear from a listener who’s feeling unhappy in her corporate job and is wondering if her family is financially stable enough for her to be able to transition back to freelancing.  Chapters: 00:00 - Introduction 04:05: The Top 10 Myths and Facts About Investing 24:05 - Transition to Mailbag 29:52 - Jean's Advice on Job Satisfaction vs. Financial Stability Takeaways: Women's wealth is growing, and they are investing in the stock market in larger numbers than ever before. Investing knowledge is crucial for women across generations to start and stay invested. Women tend to be more risk-averse and consider their financial choices in a broader context, making them better investors. Investing with goals in mind is essential, and socially responsible investing can align with personal values while still generating returns. Understanding financial analysis and doing thorough research is important before making investment decisions. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ambition…let’s talk about it. We’ve been told it’s not a dirty word, that it’s ok (actually more than ok) for women to be ambitious. We’ve been told we should strive for C-suite positions, the corner office, and to continue reaching for higher and higher paying roles.  For Jennifer Romolini, these messages were working, yet reaching the top did not fulfill her in the way that she thought it would. In her new book Ambition Monster, she chronicles how being overly ambitious and reaching the top made her so burnt out that she ended up literally losing her voice and her job. Listen in to hear about why being forced to rebuild was the best thing that ever happened to her.  In Mailbag, we hear from a listener who’s weighing the pros and cons of paying off a credit card every fourteen days to build credit. We also hear from a couple who is wondering the next best step after maxing out a high-yield savings account while saving up for a house.  Chapters: 00:00:00: Introduction 00:06:44: Jennifer's Belief in Work as Salvation 00:11:17: The Problem with Overworking 00:19:16: Finding New Balance and Living Your Values 00:24:11: Recognizing Workaholism and Ambition Issues 00:26:55: Mailbag Takeaways: The definition of ambition may be outdated and prioritize men, leading to challenges for women in the workplace. Workaholism and burnout can have significant physical, emotional, and financial consequences. Finding balance and fulfillment in work and life requires setting boundaries, making tough decisions, and prioritizing self-care. The pursuit of a meaningful life involves redefining success, living by one's values, and seeking internal gratification. Recognizing the signs of work addiction and imbalance is crucial for personal well-being and growth. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! We love hearing from you! Send us your questions at mailbag@hermoney.com. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices