Balanced FI Podcast

Welcome to the Balanced FI Podcast, episode 42 - How to Make the 52 Week Savings Challenge Work for YouThe 52 Week Savings Challenge is a simple method for saving a large amount. Making smaller deposits each week will help you reach your savings goal amount by the end of the year-long challenge period.Print out one of the trackers included in this article for monitoring your savings progress.   You don't have to start your challenge at the beginning of the year, but the $1000 and $5000 Savings trackers are set up to accumulate those amounts before Christmas. FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: How to Make the 52 Week Savings Challenge Work for You + Free 52 Week Savings Challenge Tracker DownloadsRead: The Financial Security Steps: Welcome!Read: Financial Security Step 2a: Save a Mini Emergency FundRead: Financial Security Step 2b: Begin Saving for RetirementRead: Financial Security Step 6: Create a BudgetRead: Financial Security Step 3: Save for Recurring ExpensesRead: Financial Security Step 7: Pay off DebtRead: Financial Security Step 8: Save an Emergency FundRead: Financial Security Step 9: Increase Retirement ContributionsRead: Financial Security Step 10: Choose Your Next Financial GoalRead: 30 Day Challenge + Free 30 Day TrackerSign up: Balanced Family Financial Fix waitlist

Welcome to the Balanced FI Podcast, episode 41 - The Best Mother's Day Gift Ideas for Moms of Young KidsThese Mother's Day gift ideas for moms with young kids are guaranteed to score the dads out there some major brownie points. We all know it's Dad's job to buy Mother's Day gifts when their children are young. That also means there's more pressure to buy a great gift.  Mom is going to appreciate anything directly from the kids. It's on Dad to buy something that shows his appreciation for all she does. FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: The Best Mother's Day Gift Ideas, for Moms of Young KidsRead: 5 Tips for a Frugal ChristmasRead: 6 Ways to Have a Frugal Valentine's Day

Welcome to the Balanced FI Podcast, episode 40 - How to Start a Virtual Bookkeeping Business, based on my own experience in starting one. I'll walk you through the major decisions you need to make, step by step, to get this side hustle off the ground. The most important reminder is to not fake your qualifications; don't pass yourself off as a bookkeeper with no knowledge or experience.We'll cover the basic steps, likeDecide on a business name & business typeRegister with your state & the IRSOpen a business bank accountGet liability insuranceTrain on bookkeeping practices & softwareDecide what services to offerSet up your tech FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read- How to start a virtual bookkeeping businessRead- It's Not Easy Parenting a Child with DisabilitiesRead more- Debt Payoff JourneyRead more- Financial Security StepsResource- Choose a business structureResource- About Form W-9, Request for Taxpayer Identification Number and CertificationResource- Register your businessResource- Apply for an Employer Identification Number (EIN) OnlineResource- Intro to Accounting Training CourseResource- QuickbooksResource- National Association of Certified Public BookkeepersResource- Google DriveResource- DropboxResource- TrelloResource- AsanaResource- MondayResource- Adobe AcrobatResource- SquarespaceResource- Wordpress SOURCES:Buy- HP LED monitorBuy- Wireless keyboard & mouse comboBuy- Dell Inspiron laptopBuy- Lexmark color laser multifunction printerBuy- Logitech Pro webcamSubscribe- Quickbooks OnlineBuy- Microsoft DynamicsSubscribe- XeroSubscribe- FreshBooks

Welcome to the Balanced FI Podcast, episode 39 - Investing Terms 101: Basic Investment Terms You Need to KnowUnderstanding a few basic investment terms is a step forward on your journey toward financial security. Investing can be as complex or as simple as you want it to be. Thousands of people actually invest others' money as a job…. but it's also something literally anyone with money can participate in. FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read- Investing Terms 101: Basic Investment Terms You Need to KnowFREE download- Investing Terms 101 Fact SheetRead- Smart Ways to Use Your Stimulus MoneyRead- Financial Security Step 9: Increase Retirement ContributionsRead- Financial Security Step 2b: Begin Saving for Retirement SOURCES:Source- The S&P 500 and How It WorksSource- J.P. Morgan Glossary of Investment TermsSource- Investment Terms Everyone Should KnowSource- Basic Investing Terms You Should Know

Welcome to the Balanced FI Podcast, episode 38 - The 20 Best Money-Saving Life HacksPlanning for your money, conserving, meal planning, and more… little changes can lead to big improvements in your finances.  FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read- The 20 Best Money-Saving Life Hacks: Ways to Save Money in Everyday LifeRead- 4 Ways to Be Intentional With Your MoneyRead- 7 Steps to Find Your Motivation For Debt PayoffRead- 10 Ways to Make Saving Money FunBuy- Meal Planner Printable BundleRead- I Can't Afford Mental Health Care: How to Find Good Care That Fits in Your BudgetSign up- Intentionally Debt FreeRead- Financial Security Step 1: Track Your ExpensesRead- Financial Security Step 7: Pay off DebtFREE Sign up- Debt Payoff PlannerRead- Financial Security Step 2b: Begin Saving for RetirementRead- Financial Security Step 8: Save an Emergency FundRead- Financial Security Step 10: Choose Your Next Financial GoalRead- 3 Ways to Use Meal Planning to Save MoneyRead- Top Tips for Frugal ActivitiesRead- 5 Quick Questions to Ask Yourself Before PurchasingFREE Sign up- Money Makeover Challenge SOURCES:Source- Want to control your spending? Try the 30-Day RuleSource- Save Money Easily with the $5 Savings ChallengeBuy- CyperPower Energy-Saving Surge Protector Power StripBuy- Krups Coffee GrinderBuy- Steam Espresso Machine with Milk Frother

Welcome to the Balanced FI Podcast, episode 37 - Quick Tips for a Frugal WeddingThe average cost of a wedding in the US is around $30,000. That's an awful lot of money to spend on one day. If you're looking for more affordable alternatives, there are many ways to plan and host a frugal wedding without going into debt. These ideas will allow you to do something meaningful with your partner and celebrate your love in a way that doesn't break the bank. FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read- Frugal Wedding: Celebrating Your Love Without Going Into DebtRead- I Can't Afford Mental Health Care: How to Find Good Care That Fits in Your BudgetResource - Trello SOURCES:Source- Average Wedding Bill Hits $30,000Source- This Gorgeous DIY Costco Wedding Cake Only Cost $50 to Create

Welcome to the Balanced FI Podcast, episode 36 - Gather These Documents for Your Tax PrepHopefully, you're planning ahead to make sure your taxes will be filed in a timely manner. Whether you're preparing your own return or paying a professional, some documents are needed for taxes, and you need to make sure you have all of them gathered up. FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read- The Most Important Documents Needed for TaxesResource- IRS Standard Mileage RatesRead- Financial Security Step 4: Calculate your Net Worth SOURCES:Source- Rules for Claiming a Dependent on Your Tax ReturnSource- How Do I Choose the Right Tax Filing Status?Source- Tax forms you may receiveSource- Changes to charitable giving rules for 2020

Welcome to the Balanced FI Podcast, episode 35 - Struggling to Talk to Your Spouse About Money: 3 Simple Steps to HelpMoney is a big part of marriage, whether you want to acknowledge it or not. The 3 steps to discussing your money with your spouse are:Talk about your current money situationTalk about your current money feelingsTalk about how to change your moneyTips for making these things happen included! FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: Struggling to Talk to Your Spouse About Money: 3 Simple Steps to HelpRead: Financial Security Step 6: Create a BudgetRead: Financial Security Step 4: Calculate your Net WorthDownload: Debt Payoff PlannerSign Up: Frugal Year ChallengeRead: How to Set Financial Goals for 2021Read: Financial Security Step 8: Save an Emergency FundRead: Financial Security Step 9: Increase Retirement ContributionsResource: Keep These 5 Resources on Financial Abuse BookmarkedJoin the Waitlist: INTENTIONALLY DEBT FREE! SOURCES:Source: This common behavior is the No. 1 predictor of whether you'll get divorced

Welcome to the Balanced FI Podcast, episode 34 - Amazon Hacks for Making the Most of Your Account - even if you're not a Prime member. Amazon has taken over so many areas of life, but some of those features are super helpful. Although some of the things we discuss require a Prime membership, some are still available to non-members. Taking advantage of all the features of your Amazon account just makes good sense.  FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: Amazon Hacks for Making the Most of Your AccountResource: CamelCamelCamelRead: 5 Tips for a Frugal ChristmasRead: 4 Unexpected Ways to Save Money SOURCES:Source: AmazonSource: ‘I'm not a robot': Amazon workers condemn unsafe, grueling conditions at warehouse

Welcome to the Balanced FI Podcast, episode 33 - The 4 Cs of Credit: What You Need to KnowAlthough you probably haven't heard of them, the 4 Cs of credit are:Capacity to pay the loan backCapitalCollateralCredit scoreImproving one or all of these areas can greatly improve your odds of being approved for a mortgage or getting a better interest rate. FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: The 4 Cs of Credit: What You Need to KnowRead: Do You Need a Credit Score While Debt-Free?Resource: ExperianResource: EquifaxResource: TransUnionResource: Loan Savings CalculatorResource: National Foundation for Credit Counseling SOURCES:Source: What's in my FICO Scores?Source: What Is a Credit Score, and What Are the Credit Score Ranges?Source: How Credit Score Affects Your Mortgage Rate

Welcome to the Balanced FI Podcast, episode 32 - Frugal not Cheap: 6 Things You Shouldn't Skimp OnThe cheapest option isn't always the best option - it might not be safe, efficient, or long-lasting. Instead, you shouldn't skimp on these things:Safety thingsBaby safety thingsShoesAnything sleep relatedDog foodInsurance Listen to find out why! FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: Frugal not Cheap - 6 Things You Shouldn't Skimp OnResource: Vehicle HistoryResource: NHTSA Safety Issues & RecallsResource: VINCheck LookupRead: 3 Big Ways to Save on Baby StuffResource: ZulilyResource: 6pmBuy: Tempur-Pedic Mattress TopperBuy: Hushh Portable White Noise MachineBuy: Cosy House SheetsBuy: Bose Noise Cancelling HeadphonesBuy: Bose SleepbudsRead: 6 Easy Self-Care Ideas for Busy PeopleBuy: Kirkland Signature Nature's Domain Dog FoodSign Up: Frugal Year Challenge SOURCES:Source: Business Insider: 15 Things You Should Never Skimp OnSource: WiseBread: 15 Things You Should Never Skimp On

Welcome to the Balanced FI Podcast, episode 31 - How to Find Grants to Pay Medical BillsThe American healthcare system isn't just un-user-friendly, it's very expensive. Grants and financial assistance can help you avoid financial hardship or even bankruptcy. This episode covers where to find grants and other assistance, how to negotiate with medical providers, and how to organize everything to stay sane.  FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: How to Find Grants to Pay Medical BillsSign up: Money Makeover ChallengeResource: I Can't Afford Mental Health Care: How to Find Good Care That Fits in Your BudgetResource: The Ultimate Guide to Appealing Health Insurance DenialsResource: Charity NavigatorResource: USA GrantsResource: Social Security Disability BenefitsResource: MedicaidResource: MedicareResource: VA health careResource: FaxZeroResource: United Healthcare Children's FoundationResource: 11 Organizations That Will Help You Pay Your Medical BillsResource: Help With BillsResource: OneMain Financial: How to Pay for Medical Supplies You Need SOURCES:Source: 'I live on the street now': how Americans fall into medical bankruptcy

Welcome to the Balanced FI Podcast, episode 30 - 3 Simple Gratitude Prompts for Your Holiday SeasonThe holidays can be hard for so many, making the focus on gratitude even more important. Askin yourself 3 simple questions can help you find the good in your day.  FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: 3 Simple Gratitude Prompts for Your Holiday Season SOURCES:Source: How to Practice Gratitude

Welcome to the Balanced FI Podcast, episode 29 - All You Need to Know About Keeping Fun in Your BudgetSetting aside a bit of money each month for fun, frivolous purchases helps you stay on track financially. You're less likely to completely blow your budget when you know you have already planned for your hobbies and random habits. This episode goes over why you need to budget for funhow much to set asidehow to actually make a fun money budget part of your life  FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: Fun Money Budget: What You Need to KnowRead: Financial Security Step 6: Create a BudgetRead: Financial Security Step 7: Pay off DebtRead: Financial Security Step 9: Increase Retirement ContributionsRead: Financial Security Step 8: Save an Emergency FundSign up: Bill-Balancing Bootcamp SOURCES:Source: 50/20/30 Method Is Perfect if You're on a Budget… but Still Have a Life

Welcome to the Balanced FI Podcast, episode 28 - Do You Need a Credit Score While Debt-Free?You CAN live without a credit score, once you're debt-free… but life is a lot easier with a good credit score. A credit score is helpful for renting a home, establishing new utility services, applying for certain jobs, getting a mortgage, property insurance in some states, life insurance rates.Using credit wisely and carefully can help you get and maintain a good credit score. There's one important caveat here - don't even attempt limited credit card use unless you are well accustomed to living without a credit card. You need to treat your credit card like a debit card.  FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: Do You Need a Credit Score While Debt-Free?FREE Annual Credit ReportRead: Financial Security Step 4: Calculate your Net WorthResource: sign up for the Frugal Year Challenge SOURCES:Source: Living Without a Credit ScoreSource: Can You Buy a House With No Credit?3Source: Dave Ramsey Says You Don't Need a Credit Score. 5 Reasons That's NonsenseSource: What is a credit score?Source: Getting Utility Services: Why Your Credit MattersSource: What to Know About a Credit-Based Insurance ScoreSource: When does debt fall off your credit report?Source: Does your credit score affect your life insurance premiums?

Welcome to the Balanced FI Podcast, episode 27 - 5 Tips for a Frugal ChristmasGift-giving doesn't have to bankrupt you. To save money on Christmas, consider:Simplifying your giving listPlanning ahead and making a budgetShopping sales & looking for cashbackMaking giftsGiving second-hand giftsTo make next year less stressful, save for Christmas throughout the year FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: 5 Tips for a Frugal ChristmasResource: Draw NamesResource: RakutenResource: KiwiCoResource: PoshmarkResource: ThredUpSign up: Intentionally Debt Free waitlist SOURCES:Source: 4 Gifts for Christmas: How to Make Your Family Happy With Less

Welcome to the Balanced FI Podcast, episode 26 - How to Find Good Mental Health Care That Fits in Your BudgetWhether you do or do not have health insurance, you are entitled to mental health care (and medical care, but that's for another day). Cost can make proper mental health care prohibitive, but there ARE resources out there when you can't afford a more traditional route. Suicide Prevention Lifeline: 1-800-273-8255Mental Health.gov National Domestic Violence Hotline: 1-800-799-SAFE (7233)Dial *211 FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: I Can't Afford Mental Health Care: How to Find Good Care That Fits in Your BudgetRead: 6 Easy Self-Care Tips for Busy PeopleResource: Mental Health AmericaResource: Take a Mental Health TestResource: Free/Low-Cost/Sliding Scale Mental Health Clinics databaseResource: NeedyMedsResource: Better Help (individual, couples & teen counseling)Resource: Faithful Counseling (Christian counseling)Resource: Teen CounselingResource: ReGain (couples counseling)Resource: Pride Counseling (LGBTQ counseling)Read: The Ultimate Guide to Appealing Health Insurance Denials MONTANA RESOURCES:Resource: Bozeman Help CenterResource: Western Montana Mental Health CenterResource: Community Health Partners SOURCES:Source: Mental Health MonthSource: Best Online Counseling Services of 2021Source: Emotional Disturbance

Welcome to the Balanced FI Podcast, episode 25: 7 Steps to Find Your Motivation For Debt Payoff.We've got 7 easy steps to keep you going during a long debt payoff journey:Identify what's importantGet on the same pageTurn your priorities into goalsRemind yourself of your motivation for debt payoffWatch the numbers changeSet rewards to keep your motivation for debt payoffCelebrate your victories with like-minded people FIND US:Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com RESOURCES:Read: 7 Steps to Find Your Motivation for Debt PayoffRead: I Can't Afford Mental Health Care: How to Find Good Care That Fits in Your BudgetRead: How to Set Financial Goals for 2021Read: 5 Quick Questions to Ask Yourself Before PurchasingRead: Financial Security Step 4: Calculate your Net WorthResource: Debt Free ChartsFree Download: Debt Payoff Planner

Welcome to the Balanced FI Podcast, episode 24! Thank you so much for listening in! Appealing health insurance denials is the best (maybe only?) way to increase the chances your health insurance provider will cover the requested medical treatment. So many times a claim is denied automatically, or without sufficient investigation, so it falls to the patient (or patient's representative) to appeal the denial and seek coverage. To appeal a health insurance denial, you need to:Request coverageReceive the denialCall insuranceGet more informationContact your providerFollow the appeal processAsk what the next step isRESOURCES:Read: The Ultimate Guide to Appealing Health Insurance DenialsRead: Meet RaLeaFax ZeroPatient Advocate Foundation SOURCES:HeathCare.gov: Appealing a health plan decision - External ReviewCenter for Medicare Advocacy: Frequently Asked Questions (FAQs) Regarding the Jimmo v. Sebelius “Improvement Standard” Settlement

Welcome to the Balanced FI Podcast, episode 23! Thank you so much for listening in! Make saving money fun to keep yourself engaged in long-term financial goals. Some ways to make saving fun include:Set goals & rewardsTrack your progressNo spend month challengeNo spend days challengeLoose change challengeFirst to save challengePantry challengeDollars per week food challengeKids savings challengeAnnual savings challenge RESOURCES:Read: 10 Ways to Make Saving Money FunFree Download: Financial Goal PlannerRead: 30 Day Challenge + Free 30 Day TrackerRead: 5 Quick Questions to Ask Yourself Before PurchasingRead: 3 Ways to Use Meal Planning to Save MoneyRead: Financial Security Step 2a: Save a Mini Emergency Fund SOURCES:Source: Debt Free ChartsSource: Benefits and Challenges of the 52-Week Savings ChallengeSource: How to Save $7,000 This Year With the $5 a Week Savings ChallengeSource: 52 Week Challenge Plan (Save $1,000) - Free PrintableSource: 52 Week Money Challenge Printable ChartSource: Five Ways To Do A 52 Week Money Challenge + Free PrintableSource: 15 Ways to Make Saving FunSource: 10 Creative Ways to Make Saving Money FunSource: 15 Creative Ways to Save Money

Welcome to the Balanced FI Podcast, episode 22! Thank you so much for listening in! This week we're focused on my top tips for frugal activities.  You should be able to have fun even while paying off debt, saving for emergencies, or living financially responsibly… but you still need to be able to afford it. Suggestions include:Lower expectationsEnroll young kids in Dolly Parton's Imagination LibraryPlan aheadLook for museum membership discountsTravel more frugallyReduce fees with early bird discounts, volunteering or choosing cheaper programsUse the library RESOURCES:Read: Top Tips for Frugal ActivitiesRead: 4 Ways to be Intentional with Your MoneyEnroll: FREE Frugal Year Challenge SOURCES:Dolly Parton's Imagination LibraryASTC Travel Passport ProgramLibby appKindle Oasis

Welcome to the Balanced FI Podcast, episode 21! Thank you so much for listening in! This episode dives into 5 quick questions to ask yourself before buying, including examples:Is this a want or a need?Does this align with my bigger financial goals?Do I have something similar already?Is it worth this number of work hours?Could I make this myself? RESOURCES:Read: 5 Quick Questions to Ask Yourself Before PurchasingRead: 4 Ways to Be Intentional With Your MoneyRead: 10 Ways to Make Saving Money Fun SOURCES:Recommended: Fifteen Minute Pizza Dough

Welcome to the Balanced FI Podcast, episode 20! Thank you so much for listening in! Saving money on baby stuff isn't as difficult as it seems… but it does require some self-control when you're facing cute prints on cloth diapers and adorable little outfits. RESOURCES:Read: 3 Big Ways to Save on Baby StuffRead: 4 Unexpected Ways to Save MoneyLearn: Fluff Love UniversityRead: 5 Tips for a Frugal ChristmasSOURCES:Nerdy Mommas: Cloth diaper 101 - Types of Cloth Diapers 

Welcome to the Balanced FI Podcast, episode 19! Thank you so much for listening in! Meal planning helps save money in multiple ways, plus it reduces so much stress for busy families.Meal planning reduces food wasteMeal planning limits impulse buysMeal planning reduces the expenses of eating out     BONUS: Meal planning reduces stressTIP: online grocery shopping/ grocery pickup makes life easier and saves both time & money. If you need a kick in the pants to jump-start a money mindset change, I'm hosting a FREE No Spend Week Challenge October 11-17, 2021. You'll learn strategies to make not spending and saving money easier - and you can win prizes too! Sign up here: https://balancedfi.ck.page/nospend2021 RESOURCES:Read: 3 Ways to Use Meal Planning to Save MoneySign up: Frugal Year Challenge (Free in 2021)Buy: Meal Planner Printable Bundle SOURCES:USDA: Food Waste FAQs

Welcome to the Balanced FI Podcast, episode 18! Thank you so much for listening in! Step 10 of the Financial Security Steps is to Choose Your Next Goal. Increasing your emergency fundSaving for collegePaying off the mortgageMaxing out retirement contributionsSaving for other big purchasesPursuing financial independenceYou choose your next goal, you choose how to get there.  RESOURCES:Read: Financial Security Step 10: Choose Your Next Financial GoalRead: Financial Security Step 7: Pay off DebtRead: Financial Security Step 8: Save an Emergency FundRead: Financial Security Step 9: Increase Retirement ContributionsRead: Financial Security Step 3: Save for Recurring ExpensesResource: Early Mortgage Payoff CalculatorResource: R: IQ Retirement PlannerRead: Financial Independence vs Financial Security SOURCES:Source: Tax-Smart Ways to Help Your Kids or Grandkids Pay for CollegeSource: What is a 529 Plan?Source: 529 ABLE AccountsSource: How to Become Financially IndependentSource: The Ultimate Guide to the FIRE Movement

Welcome to the Balanced FI Podcast, episode 17! Thank you so much for listening in! This step in the financial security process is all about increasing your retirement contributions when you're out of debt (other than a mortgage) and have your emergency fund saved up. Saving early and often is the key to success, but it's not too late to start. We included some resources for retirement planning and calculating how much you need, as well as tips for finding a financial advisor. It's important to remember that small increases, even just 1% more saved per year, will make a huge impact on your retirement balance in 30 years. Whatever you can save right now is good enough, but don't settle - try to find ways to contribute even more.  RESOURCES:Read: Financial Security Step 9, Increase Retirement ContributionsRead: Financial Security Step 2a,  Save a Mini Emergency FundRead: Financial Security Step 2b,  Begin Saving for RetirementRead: Financial Security Step 7, Pay Off DebtRead: Financial Security Step 8, Save an Emergency Fund SOURCES:Source: R:IQSource: Retirement Savings Calculator: How Much Do I Need to Retire?Source: The National Association of Personal Financial AdvisorsSource: NAPFA: What is Fee-Only Financial Planning?Source: How much should I save for retirement?Source: Status of the Social Security and Medicare Programs

Welcome to the Balanced FI Podcast, episode 16! Thank you so much for listening in! We're talking about unexpected ways to save money - not coupon-clipping, but changing your lifestyle to save money - and tips for getting started.  The 4 ways are: leaving Amazon Primeusing wood heathunting & buying meat in bulkgardening & preserving. RESOURCES:Read: 4 Unexpected Ways to Save MoneyResource: Bountiful BasketsRead: 5 Tips for a Frugal ChristmasResource: Rakuten SOURCES:Source: Amazon Faces a Crucible Moment With EmployeesSource: World's richest men added billions to their fortunes last year as others struggled AFFILIATE LINKS:Husqvarna 20 Inch 455 Rancher Gas ChainsawForester OEM Arborist Forestry Professional Cutter's Combo Kit Chaps HelmetLEM Products Stainless Steel Big Bite Electric Meat GrinderFoodSaver V4840 2-in-1 Vacuum Sealer MachineFoodSaver 11” x 16” Vacuum Seal RollFrigidaire FFFU13F2VW 28 Inch White Freestanding Upright Counter Depth Freezer12 Ball Mason Jar with Lid - Regular MouthRSVP International Endurance Water Bath Canner, Stainless Steel, 20 QuartExcalibur 9-Tray Electric Food Dehydrator 5 x Silicone 14” x 14” Non-Stick Fruit Leather Drying Ultra Sheet

Welcome to the Balanced FI Podcast, episode 15! Thank you so much for listening in! A fully-funded emergency fund is the backbone of financial security. It allows you to weather job losses, unexpected expenses, medical bills, and more, without reaching for a credit card or other debt.  RESOURCESRead: Financial Security Step 8, Save an Emergency FundDownload: free Emergency Fund WorksheetRead: Financial Security Step 2a, Save a Mini Emergency FundRead: Financial Security Step 3, Save for Recurring Expenses SOURCESSource: A Quick Guide to Your Emergency FundSource: What is a Money Market Account?

Welcome to the Balanced FI Podcast, episode 14! Thank you so much for listening in!Step 7 of the Financial Security Steps is: Pay Off Debt. This episode covers how to make that happen: Create a debt payoff planSave money where you can (or make more money)Make saving money fun through challengesCommunicate with your partner Resources:Read: Financial Security Step 7, Pay Off DebtDownload: Debt Payoff PlannerEnroll: Frugal Year Challenge (free in 2021!)Read: Financial Security Step 1, Track Your ExpensesRead: Financial Security Step 5, Create a Debt Payoff PlanRead: Financial Security Step 6, Create a BudgetRead: 4 Unexpected Ways to Save MoneyRead: Fun Money Budget: What You Need to KnowRead: 3 Ways to Use Meal Planning to Save MoneyRead: 30 Day Challenge + Free 30 Day TrackerRead: 7 Steps to Find Motivation for Debt PayoffRead: Struggling to Talk to Your Spouse About Money: 3 Simple Steps to Help Sources:SmartDollar

Welcome to the Balanced FI Podcast, episode 13! Thank you so much for listening in! This episode covers 4 Ways to be Intentional With Your Money, to give you more control over your spending by making sure you're spending on what really matters to you.  Resources:Read: 4 Ways to be Intentional With Your MoneyRead: Financial Security Steps overviewRead: Financial Security Step 1: Track Your ExpensesRead: Financial Security Step 2a: Save a Mini Emergency FundRead: Financial Security Step 2b: Begin Saving for RetirementRead: Financial Security Step 3: Save for Recurring ExpensesRead: Financial Security Step 4: Calculate Your Net WorthRead: Financial Security Step 5: Create a Debt Payoff PlanRead: Financial Security Step 6: Create a BudgetRead: Financial Security Step 7: Pay Off DebtRead: Financial Security Step 8: Save an Emergency FundRead: Financial Security Step 9: Increase Retirement ContributionsRead: Financial Security Step 10: Choose Your Next GoalRead: How to Set Financial Goals for 2021Sign up: The Frugal Year Challenge Sources:Source: Theory of Intentionality by McIntyre & SmithSource: R:IQ (retirement calculator)

Welcome to the Balanced FI Podcast, episode 12! Thank you so much for listening in! This episode covers budgeting and its importance. We start by looking at past transactions and adjusting your budget to help you meet your current financial goals. We also go over important budget categories, such as:billsminimum debt paymentsfoodhousehold itemsvehicle expensesfun moneymedical costspersonal carepetsentertainmentResources:Sign up: Easy Budget Builder WaitlistRead: Financial Security Step 6, Create a BudgetRead: Financial Security Step 1, Track Your ExpensesRead: Financial Security Step 2a, Save a Mini Emergency FundRead: Financial Security Step 2b, Begin Saving for RetirementRead: Financial Security Step 3, Save for Recurring ExpensesRead: Financial Security Step 4, Calculate your Net WorthRead: Financial Security Step 5, Create a Debt Payoff PlanDownload: free Budget PlannerDownload: free Save for Recurring Expenses WorksheetRead: 30 Day ChallengeRead: Fun Money Budget - What You Need to KnowSources:USDA: USDA Food Plans - Cost of Food Reports (monthly reports)Every Dollar budgeting app

Welcome to the Balanced FI Podcast, episode 11! Thank you so much for listening in! This episode provides you with a prioritized list of ways to spend stimulus money, but also other unusual lump sums you receive. Having a plan will help you make smart decisions. Ways to spend your stimulus money:Cover necessitiesGet current on billsHave a little bit of funPay off non-mortgage debtInvest in retirementSave for a big purchaseInvest for your childrenPay down your mortgageInvest in an ABLE account if eligibleResources:Read: Smart Ways to Use Your Stimulus Money (initially written about the stimulus payment issued in early 2021)Read: Financial Security StepsDownload: Debt Payoff PlannerRead: Financial Security Step 2b, Begin Saving for RetirementSources:ABLE National Resource Center: About ABLE AccountsABC: White House launches public push for child tax credit: Here's when the checks go out

Welcome to the Balanced FI Podcast, episode 11! Thank you so much for listening in! When my 6-year-old daughter was born, my life changed significantly. All parents experience life changes, but my husband & I experienced extremes. I quit my job to become a stay-at-home mom, we learned to advocate, our family made it through 3 life flights in 6 months, and we grew stronger. It's not easy parenting a child with disabilities, but it's so worth it. Learning that nonverbal doesn't mean non-opinionated or absent, learning how to advocate, learning to juggle and balance and control the chaos… and learning to love. It's all been worth it.Resources:Read: It's Not Easy Parenting a Child With DisabilitiesRead: The Ultimate Guide to Appealing Health Insurance DenialsRead: How to Find Grants to Pay Medical BillsSources:What is Crohn's Disease?Expectant Parents: What is Spina Bifida?Newly Diagnoses: HydrocephalusInfantile SpasmsVP Shunts

Welcome to the Balanced FI Podcast, episode 10! Thank you so much for listening in! After you download the free Debt Payoff Planner, fill it in by listing all of your debts. Next, choose a payoff method - debt snowball, debt avalanche, or a hybrid method -  that works with your life and personality.Finally, calculate your rolling debt payment amount and put it into practice in your own financial life. Use this method to keep your motivation up, to stay engaged in the long debt-payoff process, and really speed the timeline up. Resources:Read: Financial Security Step 5, Create a Debt Payoff PlanDownload: Debt Payoff PlannerRead: Financial Security Step 2a, Save a Mini Emergency FundRead: Financial Security Step 3, Save for Recurring ExpensesRead: Financial Security Step 4, Calculate your Net WorthRead: Financial Security Step 6, Create a BudgetAnnual Credit ReportCredit KarmaSources:Dave Ramsey: How the Debt Snowball Method WorksNerd Wallet: How to Use Debt Avalanche

Welcome to the Balanced FI Podcast, episode 9! Thank you so much for listening in! Calculate your net worth by subtracting your debts (liabilities) from your assets. First, list your assets, such as real estate, vehicles, bank accounts, retirement accounts, investment accounts, and other valuables. Next list your liabilities, like your mortgage, vehicle loans, credit cards, personal loans, taxes owed, HELOCs, 401(k) loans, medical debt, and cell phone loans. Make sure to also request your free credit report to make sure you have all your debts listed. Resources:Read: Financial Security Step 4, Calculate Your Net WorthDownload: Calculate Your Net Worth WorksheetRead: Financial Security Step 2b, Begin Saving for RetirementZillowNADAguidesAnnual Credit ReportCredit Karma

Welcome to the Balanced FI Podcast, episode 8! Thank you so much for listening in! This episode is about 5 free ways to be content and ways to put them into practice in your life:Find the goodRephrase your complaintsIdentify what is making you unhappyWrite down ways to be contentSlow downLiving, and spending, intentionally as a habit starts with small changes to your life. Taking a walk each day, removing one obligation from your schedule, or striving for an optimistic outlook will all help you live happier. When you're happy & content, you're also less likely to spend as a form of therapy, so you'll even save money!Resources:Read: 5 Free Ways to Be ContentRead: 3 Simple Gratitude Prompts for Your Holiday Season*link to other products if applicable*Sources:Zen Habits: The Little Guide to Contentendedness

Welcome to the Balanced FI Podcast, episode 7! Thank you so much for listening in! Saving from each paycheck to pay monthly and annual bills allows you to breathe easier and frees up mental space for other things. This episode is an overview of the content covered in the Bill-Balancing Bootcamp. That course will walk you through the detailed steps of finding your recurring expenses, calculating  how much to save from each paycheck, and how to both set up and fund a “bills” checking account. We also talk about evaluating your recurring expenses and paring them down. The Double Account Method is a great way to stop living paycheck to paycheck and get a month ahead on your bills. It reduces stress and provides more financial stability. Resources:Enroll: Bill-Balancing BootcampRead: Financial Security Step 3: Save for Recurring ExpensesRead: Financial Security Step 2a: Save a Mini Emergency FundDownload: Save for Recurring Expenses WorksheetSources:KonMariNetflix: Tidying Up with Marie Kondo

Welcome to the Balanced FI Podcast, episode 6! Thank you so much for listening in! Using realistic examples and actual numbers, I'll demonstrate the difference between starting to save at age 25 and at age 45. Saving earlier offers a huge financial advantage, but it's never to late to start planning for retirement. You may have to work longer than you'd like or save more each month, but you can at least save something. We'll also discuss the differences between the most common retirement vehicles, as well as the annual contribution limits that may impact you. Even if you still have debt, start or continue to contribute to retirement, especially if your employer offers a match for your contributions. Starting to save, today, will only help your future. Resources:Read: Begin Saving for Retirement, Financial Security Step 2bSources:Investopedia: What is the Average Annual Return for the S&P 500?The New York Times: Employees' Retirement Plan is a Victim as Enron TumblesSoFi: Understanding the Different Types of Retirement Plans

Welcome to the Balanced FI Podcast, episode 5! Thank you so much for listening in! Despite what others may say, a $1000 mini emergency fund is not enough when you're paying off debt. You're going to have emergencies, and they're probably going to be bigger than that, unfortunately. Resources:Read: Save a Mini Emergency Fund, Financial Security Step 2aRead: Begin Saving for Retirement, Financial Security Step 2bDownload: free Emergency Fund TrackerSources:Dave Ramsey's 7 Baby StepsIn2013dollars conversion%20is%20now%201.37%25%201.)Hip2Save: Need Extra Cash? Sell Your Stuff on Facebook Marketplace with These Tips

Welcome to the Balanced FI Podcast, episode 4! Thank you so much for listening in! This episode dives into how and why you should track your previous spending as a tool for changing future spending. Learn what methods are available for tracking spending more easily and how to decide what you want to track. Tracking previous expenses and continuing to track future spending is the first step in the Financial Security Steps, on your way toward financial security.Resources:Read: Track Your Expenses, Financial Security Step 1Read: Save a Mini Emergency Fund, Financial Security Step 2Read: Save for Recurring Expenses, Financial Security Step 3Read: Calculate your Net Worth, Financial Security Step 4Read: Create a Budget, Financial Security Step 6MintYNABEveryDollarBudgets Made Easy Sources:The Balance: The Best Personal Finance and Budgeting Spreadsheets

Welcome to the Balanced FI Podcast, episode 3! Thank you so much for listening in! You can read the full blog post, and download the 30-Day Challenge Trackers, HERE. Decide what type of challenge you want to start: no eating out, no spend, no buying clothes, or something else. Next, you need to decide what reward will motivate you enough to stick with the challenge for a whole 30 days. I'll also give you tips for success, like have a visible reminder, and discuss the importance of getting buy-in from whoever lives in your home or cares about your finances. Resources:Read: 30-Day Challenge + Free 30-Day TrackerDownload: the blue 30-Day Challenge TrackerDownload: the pink 30-Day Challenge TrackerRead: 10 Ways to Make Saving Money Fun 

Welcome to the Balanced FI Podcast, episode 2! Thank you so much for listening in! You can also read the full blog post. Self-care is so important for everyone, but especially for those who are busy and overwhelmed. Once you're aware of your need to care for yourself, you can take steps to incorporate self-care into your routine and life. This episode focuses on 6 easy ideas for self-care.I know it's not always easy to make time for yourself, especially as a parent, but I recently saw a Facebook post that resonated. It said something to the effect of “taking care of yourself is taking care of your kids.” That stuck with me because so many parents put themselves last, in order to put the kids first… myself included. There are so many ways to work self-care into your life, once you become aware of your need for it. Meditation, medication, counseling, limiting social media, good sleep, and taking a break are just a few of the many options. They're all good starting points for the journey to improving your mental and physical health. So, if you can't find time to take care of yourself, for yourself, do it for those who love you. Do it for those who depend on you. Do it for those who need you. Self-care is not bubble baths or grocery shopping alone; self-care is an essential part of the healthy balance between your duties and mental health.Resources:Read: 6 Easy Self-Care Ideas for Busy PeopleRead: I Can't Afford Mental Health Care - How to Find Good Care That Fits in Your BudgetRead: 5 Free Ways to be ContentSources:Calm appHeadspace appThe Mindfulness appPsychology Today: Find a TherapistHarvard Health Blog: Astounding increase in antidepressant use by AmericansForbes: 6 Ways Social Media Affects Our Mental HealthHeadspace: Sleep hygiene tipsMotherly: Errands and showers are not self-care for momsNational Suicide Prevention Lifeline or 800-273-8255

Welcome to the Balanced FI podcast, episode 1! Thank you so much for listening in!Financial independence is having enough invested so that you don't need to work anymore - you can live ff the interest. That's an amazing  achievement, don't get me wrong... but it's just not realistic for a lot of people. Financial security is much more attainable; financial security is  "having enough money to fund your lifestyle, as well as work toward your financial goals."Financial Security StepsI created the Financial Security Steps to help guide others through the process, with smaller goals & concrete to-do lists. This is the process my own family is following during our debt-free journey. The Financial Security Steps are:Track expensesSave a mini emergency fund + begin retirement savingsSave for recurring expensesCalculate your net worthCreate a debt payoff planCreate a budgetPay off debtSave an emergency fund of 6 months' expensesIncrease retirement contributionsChoose your next financial goal Resources:Read the Balanced FI blog post Financial Independence vs Financial SecurityRead the Balanced FI blog post The Financial Security Steps: Welcome!Download the Balanced FI Financial Security Steps printable Sources:Yahoo Finance: What is Financial Security, and How Do You Get it?Ramsey Solutions: What Are the Baby Steps?