Good Cents by Payactiv

Credit cards are a valuable financial tool for renting a home or taking out a loan, but like a double-edged sword, beware! It's easier in today’s economic climate to slip into a debt spiral. On this episode of Good Cents, Eric Rosenberg and Deacon Hayes, President of Well Kept Wallet, dive into how to make the most of your credit cards while avoiding increasingly expensive debt. 

Have a financial question for us? Email [email protected]. Don’t forget to subscribe on Apple, Spotify, or wherever you get your podcasts.

Here’s the recap of today’s 15-minute episode: 

• Credit cards as a valuable financial tool for renting a home or taking out a loan, but it’s important to be cautious about going into debt in today’s economic climate.
• Rising interest rates mean carrying a credit card balance is more expensive. It’s important to keep your credit utilization below 30% and pay off balances in full. 
• To help manage finances effectively, automate payments, take advantage of credit card rewards, and budget with a financial wellness tool like Payactiv.

It’s easy to start a financial goal and give up a few months in, especially when the economy feels uncertain. On today’s episode of Good Cents, Eric and Sydney are here to give you the pep talk you need because leveling up your finances is always possible, no matter your financial situation. It just takes consistency and discipline, and that’s where Payactiv is here to help. 

Have financial questions for us? Send it to [email protected]. Don’t forget to subscribe wherever you get your podcasts. 

Here’s the recap of the financial goals we talk about in today’s 20-minute episode: 

• Use a credit card less and a debit or prepaid card more.
• Save for three months of expenses for an emergency fund. 
• Budget for the lifestyle you want instead of restricting yourself. Use a free tool like Payactiv to stay on top of your finances in 2023.

This time of year can be one of the most expensive and challenging for families living on one income. Singe mom and author of “The Feminist Financial Handbook” Brynne Conroy shares her inspiring story plus tips you can use year-round to minimize holiday financial stress. From setting money aside every month, to using financial wellness tools that help you budget, Brynne and Eric are covering it all on today’s Good Cents by Payactiv episode. 

Have financial questions for us? Email [email protected].

Did you recently receive an email from your employer asking you to sign up for benefits? Navigating Benefits Enrollment Season alone can be tricky, which is why Eric and Tiffany Grant of “Money Talk with T” have your back. Eric and Tiffany cover how to choose a retirement and healthcare plan, HSAs and FSAs, and nontraditional benefits (Like Payactiv!). Follow Tiffany at MoneyTalkWithT.com and Happy Benefits Enrollment Season!

How do you simultaneously help out a loved one who needs a loan while protecting your hard-earned money? Can you mix family and finances without stirring the pot? These questions can be stressful to answer without a guide. Enter: Eric and family finance expert Elle Martinez of Couple Money. Eric and Elle share simple strategies that can safeguard your relationships and your wallet at the same time.

Are you saving for a goal, paying off credit cards, planning for kids, or just feeling lost when navigating your finances? An amazing financial coach like Mario Rodriguez from KOFE (Knowledge of Financial Education) can give you advice and support for FREE when you download the free Payactiv app (message and data rates apply). 

From handling an intimidating financial situation like a court summoning or getting an extra set of eyes on your savings plans, Eric and Mario talk about what your 45-minute coaching session could look like. Not sure if KOFE can answer your question? It never hurts to ask someone like Mario, and sessions are 100% confidential between you and your coach.

Download the Payactiv app and from the home screen, tap the menu button on the top right corner. Tap “Services” and “Financial Counseling” from the dropdown menu to speak to a KOFE coach today.

Happy Hispanic Heritage Month! Athena Lent of “Money Smart Latina” and Eric dive into the important lessons Athena learned while spending time with Junior Achievement students and how these lessons would later start Athena’s career in personal finance education. We’ll discuss the systemic issues facing Latinx people, particularly Latina women, and how alternative banking solutions like Payactiv can help lift people out of poverty by offering free tools, financial support, education, and protection from fee snowballs.

Payacitv offers free 1:1 financial counseling in the free Payactiv app (text and data rates apply), and the Payactiv Visa Card* has no overdraft fees, no monthly fees, and no minimum balance fees. Follow Athena on Slate’s weekly finance column “Pay Dirt”.

*The Payactiv Visa® Prepaid Card is issued by the Central Bank of Kansas City, Member FDIC. Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payactiv App.

On this episode of Good Cents, we’re tackling BIG money questions. What is the point of money if you don’t know what to do with it? How easy is it to save your first ten thousand dollars? What do you do after you saved it?

Eric speaks with J. Money of Budgets are Sexy about why you should start tracking your net worth, strategies to start saving your first $10,000, and how to get started as a beginner investor. J. Money even gives Payactiv listeners exclusive access to helpful spreadsheets on his site to help you get started.

Learn more about the Payactiv Digital Wallet.

If you already know, you know. But if you don’t, we’re here to talk about why payday loans, salary loans, and small-dollar loans are the absolute worst. Eric brings on finance expert Miranda Marquit to talk about what makes them so awful (3 letters, A-P-R), and alternative means to go to before taking one out. 

Payactiv is here to help prevent you from taking this last resort.

• Download the free Payactiv app* to find a job that offers earned wage access (EWA) so you can get part of your paycheck on-demand for less than $3.
• Save on everyday expenses and get control of your finances with the Payactiv digital wallet. 
• Apply for the prepaid Payactiv Visa® Card** to set money aside for an emergency fund automatically. 

*Standard message and data rates from your wireless service provider may apply.

**Subject to card activation and ID verification. The Payactiv Visa® Prepaid Card is issued by Central Bank of Kansas City, Member FDIC. Learn more.

In today’s episode, we’re taking 15 minutes to celebrate Payactiv’s winning “Best for the World” (2 years in a row!) with Payactiv CEO, Safwan Shah. This award is only given to the top 5% of B Corporations that put people above profit, and it’s a huge deal! So grab some headphones, get comfy, and get ready to learn more about Payactiv’s mission directly from the co-founder of Payactiv himself.