Beyond Budgets Podcast

Unlock the secrets to impart essential financial wisdom to your kids with guest and finance guru Clifton Corbin. We share a heartfelt journey through Clifton's early fascination with money, his trials with credit card debt, and his evolution into a champion for youth financial literacy.

Our conversation examines the foundational differences between earning and managing money smartly. It serves as a powerful reminder that teaching financial responsibility is key to preparing children for the economic complexities of the future.

We also discuss the upcoming Raising Generational Wealth Summit, which promises a deep well of knowledge for parents dedicated to laying the financial groundwork for their children's prosperous future.

Episode Highlights

(04:19 - 05:40) Teaching Responsible Money Management to Youth

(13:48 - 15:45) Best Practices for Teaching Financial Literacy Through Lending

(19:13 - 20:02) How To Explain The Difference Between Saving and Investing

(23:57 - 26:48) Piggy Banks vs. Bank Accounts

Resources

Connect with Clifton - cliftoncorbin.com

Join us at the raisinggenerationalwealth.com

Get your FREE Kids Money Workbook

Read Clifton's book Your Kids, Their Money

Connect with Deb Meyer

Website

Get a copy of Redefining Family Wealth

Navigating the legal labyrinth of estate planning can be overwhelming, but the peace of mind it brings is priceless—Deb has seen the difference firsthand. Through heartfelt anecdotes, Deb unravels why every parent needs to take this act of love seriously, ensuring their children's guardianship and the handling of their affairs are well examined.

Join her as we delve into the often-overlooked yet essential steps of estate planning, from appointing decision-makers for your health and finances to the intricacies of selecting a guardian for your children. It's not just about wealth; it's about safeguarding your family's future.

This episode isn't just a discussion; it's a treasure trove of actionable insights. Tune in and arm yourself with the knowledge to protect your loved ones for generations to come.

Episode Highlights

(02:35 - 03:18) Planning for Your Family's Financial Future

(15:01 - 15:43) Selecting a Trustee for Financial Responsibility

(20:03 - 21:07) Importance of Estate Planning Attorney

(23:52 - 24:57) Retirement Beneficiary Designations for Trusts

Resources

Download Your FREE Family Finance Starter Guide

Search for an Estate Planning Attorney

Get Basic Documents Online

Connect with Deb Meyer

Website

Get a copy of Redefining Family Wealth

Unlock the secrets to a unified financial future with Amanda Teixeira from Walletwin, our guide through the tricky territory of family finances. In a heart-to-heart conversation, Amanda and host Deb Meyer discuss:

• The process of merging bank accounts and viewpoints,

• How a shared vision is pivotal to a harmonious future

• Budgeting strategies that respect individual money personalities.

Dive into the world of financial literacy for the younger generation, where allowances and chores become tools for teaching value and responsibility. It's not just about saving and spending; it's about sowing seeds for a generation of financially savvy adults equipped to navigate the economic challenges that lie ahead.

Join us on this journey of transformation, and feel the support of a community cheering you on to financial success.

Connect with Amanda Teixeira

Catholic Money Show

Catholic Money Academy

WalletWin on Facebook

Mini video course on budgeting

A moment of clarity can strike at any time—even while sitting in a cubicle, dreaming of distant lands. That's where our tale begins, as my family turned a dream into a daring three-month odyssey through the heart of Spain, fueled by an ingenious tool: the opportunity fund.

Our latest podcast episode is laced with a vibrant tapestry of personal anecdotes and practical financial wisdom. We discuss how an opportunity fund can bridge mundane saving and realizing life's bolder ambitions, inspired by Maslow's hierarchy of needs. From the cobblestone streets of España to your backyard, discover how you, too, can craft a savings strategy that aims not just to protect but to propel you towards your dreams. There's magic in the meticulous planning that precedes a leap of faith.

You'll get the inside scoop on why my family trimmed our initial seven-month plan down to three, how we grappled with passport regulations, and the art of stretching our dollars without pinching the fun out of travel. Delving into the specifics, from off-peak flights to public transits in Spain's bustling cities, this episode isn't just a recount of our adventures—it's a blueprint for any parent looking to transform their relationship with money and adventure. And for those number crunchers among us, I've got a detailed budget breakdown waiting on my website.

Join me, and let's chart a course to turn the what-ifs into what's next.

Episode Highlights:

(01:25 - 03:15) Maslow's Hierarchy of Needs and Growth

(06:17 - 07:23) Opportunity Fund for Entrepreneurial Dreams

(25:48 - 27:21) Family Travel Budgeting

LINKS :

3 Simple Steps to an Opportunity Fund

How We Funded Three Months of Travel

Buy Redefining Family Wealth

Join Jenni Sisson, "Mama's Money Map" podcast host and mother of five, as she shares her budgeting blueprints for single-income homes. Dive into the dynamics of household budget management and the transition from homemaker to freelancer. Discover strategies for tackling medical bills through self-advocacy. This episode is a treasure trove of advice for families aiming to achieve financial stability and teach their children about money.

Episode Highlights:

(04:32 - 05:42) Financial Responsibilities in Relationships

(06:59 - 08:46) Evolution of Family Budgeting

(12:11 - 12:42) Income-Based Family Size Forms

(14:43 - 15:30) Discrepancy in MRI Costs

(18:32 - 19:28) Instilling Financial Habits in Kids

(22:28 - 23:15) Teaching Kids Financial Responsibility

LINKS :

Never Pay the First Bill by Marshall Allen

www.worthynest.com/podcast

Connect with Jenni -

Mama's Money Map Podcast

Jenni Sisson

Connect with Jenni on LinkedIn

Discover essential strategies for wise debt management and enhance your financial well-being in this solo-hosted episode. We'll explore how to use borrowing to your advantage, from smart home-buying through understanding interest rates to leveraging student loans for career growth. Learn how to navigate away from auto loans and credit card traps, optimize your credit score, and protect yourself from fraud. This journey into financial freedom is packed with personal insights and actionable tips for savvy spending and investing in your family's future.

Episode Highlights :

(00:47 - 01:50) Understanding Healthy and Unhealthy Debt

(02:53 - 04:44) Understanding Interest Rates and Healthy Debt

(12:38 - 14:23) Free Starter Guide

(18:07 - 19:19) Car Ownership and Auto Loan Debt

(24:22 - 25:33) Credit Card Rules and Credit Scoring

LINKS :

Download the FREE WorthyNest starter guide

Let's Talk About Debt Baby

When to Hire a Money Coach

What's in Your Credit Score

Get your Free Credit Report

Tax season can be a wild ride, especially for parents hustling to maximize their returns. But don't worry; we've got CPA and tax expert Logan Allec on the show today to guide you through the tax maze. In today's chat, we'll tackle the puzzling 1098T forms, share top-notch tips for handling tax papers, and even spill the beans on choosing the best tax software, from TurboTax to the freebie Cash App Tax.

Logan helps you make sense of tricky tax software and the intricate world of cryptocurrency reporting. Dealing with the IRS might seem scary, but some folks find real satisfaction in shielding clients from the taxman's clutches. We'll dig into tax debt, fierce collection tactics, and the rush to snag those refunds and stimulus checks before deadlines. And hey, if you crave even more tax wisdom, check out Logan's YouTube channel for deeper dives.

Episode Highlights

(00:03) - Tax Tips for Parents

(05:29) - Software like Turbo Tax and Cash App Tax

(15:54) - Tax Assistance Services for Individuals

(24:52) - Maximize Tax Refunds & Find a Reliable Tax Preparer

Links

Turbo Tax

Logan's video on TurboTax 2023 and other alternatives

Possible tax law changes for 2023

Connect with Logan Allec

YouTube

Connect with Deb Meyer

Website: WorthyNest.com/podcast

Submit your family finance questions to [email protected]

Get your FREE family finance starter guide

Pick up a copy of my book, Redefining Family Wealth

Have you ever felt the tug-of-war between wanting to enjoy life and needing to keep your wallet in check? Let's unravel the complex emotions surrounding family budgeting and find a wonderful balance. In this episode, I'm peeling back the layers of financial planning with the kind of zeal that can only spark from a Certified Financial PlannerTM and family wealth strategist.

We'll tackle the dual nature of budgeting—its power as an ally for clear spending and wealth-building and its potential downsides when strictness overshadows life's joys. From the simplicity of the envelope method to the intricacy of detailed budgeting, you'll learn how to craft a life where financial clarity and independence go hand-in-hand with enjoying the fruits of your labor.

Links

Don't be a Budget Hater

How to Use the Envelope Budget

Qube Money: Digital Envelope Budgeting

Goodbudget: Envelope Budgeting

How to Track Cash Flow with a Detailed Budget

Download a Sample Detailed Budget

Connect with Deb Meyer

Website: WorthyNest.com/podcast

Submit your family finance questions to [email protected]

Get your FREE family finance starter guide

Pick up a copy of my book, Redefining Family Wealth

Are you a parent of at least one high schooler, feeling overwhelmed by the complexity of college funding? Fear not, friend! Host Deb Meyer and guest Joe Messinger, a fee-only financial planner and college funding expert, provide critical insights into student loans, merit aid, and the true costs of higher education.

This episode offers a wealth of strategies and valuable insights for families navigating the financial aspect of college. You'll learn:

• How college funding fits into your overall financial plan

• The nuances of student loans, including federal student loans and parent PLUS loans

• How top students can secure merit-based aid, especially in small, private colleges

• New changes to FAFSA, and

• Differences between CSS Profile and FAFSA when awarding need-based financial aid

Links

FAFSA

CSS Profile

Connect with Joe Messinger

About Joe Messinger

Capstone Wealth Partners

College Aid ProTM

Connect with Deb Meyer

Website: WorthyNest.com/podcast

Submit your family finance questions to [email protected]

Get your FREE family finance starter guide

Pick up a copy of my book, Redefining Family Wealth

Unlock the secrets of saving for college and master the intricacies of 529 plans with this insightful podcast. Ensuring your child's future is secure is a top priority, and we're going to guide you through the complicated maze of college savings. You'll learn:

• The two main types of 529 plans - savings and prepaid,

• Tax benefits of contributions,

• What to do if there are excess 529 plan funds,

• How to fund private K-12 expenses, and

• Alternatives to college saving plans.

Links

https://www.savingforcollege.com

Private College 529

Deeper Dive into 529 College Plans

YNAB

Monarch Money

FamZoo

Connect with Deb Meyer

Website: WorthyNest.com/podcast

Submit your family finance questions to [email protected]

Get your FREE family finance starter guide