Purchasing a home is always a good idea... right?! And renting is a huge waste of money- or at least that's what you've heard. In this episode we address these two huge assumptions and cover the benefits of renting and buying a home. There are a lot of things to consider like geographic mobility, financial flexibility, housing stability, and creative freedom! Listen to the full episode to hear why either renting or buying a home might be a good idea for you.

A quick tip for now though: make sure that your rent or mortgage payment is no more than 25% of your monthly take-home pay. You don't want to be house poor!

And at the beginning of this episode we each cracked open a couple of Juice Bar Pale Ales by Wrecking Bar, which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

Credit cards can be a double-edged financial tool, and in this episode we cover how you can use them like a pro. Do you find yourself carrying a balance from one month to the next? Or are you tempted to overspend when you know you can just put it on credit? If so, then credit cards are NOT for you. For everyone else there are awesome benefits like earning cash back and scoring huge sign up bonuses, not to mention it's easier to track your expenses (which is an important step when creating a budget). Listen to the full episode to hear us weigh the pros and cons of using credit cards!

And at the beginning of this episode we popped open a bottle of Boulevard's Love Child No. 8, which you can find and learn all about on Untappd. A special thanks to Boulevard Brewing Company for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

Cutting your monthly bills is a big deal - they add up! You could save hundreds of dollars a month which might even be enough to fully fund a Roth IRA. In this episode, we talk about some general strategies on how to cut your monthly bills, but then we dive into some specific bills like our cell phone, internet, cable, and the online streaming subscriptions like Netflix, Hulu, and Amazon.

We also enjoyed a bottle of Boulevard's Grand Cru, which you can find and learn all about on Untappd. A special thanks to Boulevard Brewing Company for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

Spending money is OK- as long as that spending aligns with your values! In this episode, we cover the challenging topic of: the big why that’s behind money. Why do we spend and save? All too often, we go through life doing the things that we're 'supposed to do' without actually considering whether or not those things bring us joy and align with our values. We find ourselves living stock lifestyles as we mindlessly subscribe to the spending patterns that we see around us- STOP! Instead let's try to spend our money intentionally and with purpose, where personal goals and mission statements guide us along.

And at the beginning of this episode we each enjoyed a bottle of Voodoo Ranger Juicy Haze IPA by New Belgium, which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

Spring is here, so it's time to clean out your home and sell the junk you no longer use! We all have too much stuff in our lives and not only does it take up space in our homes, but it clutters our minds. Why not sell or even give it away? You won't regret it, plus you might end up with some extra cash in the bank. In this episode we cover minimalism, rules that help us decide what to get rid of, the best platforms for selling your unused items, and we also have a few tips to help you create a great listing so you can sell quickly and move on with life!

And at the beginning of this episode we popped opened a bottle of Blueberry Ale by Cascade Brewing, which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

You heard it here: Dave Ramsey is wrong and your credit score is way more important than you think! In this episode we cover what is a credit score, why you need good credit, and then specifically we discuss how to improve your credit score. There are some key factors that you need to know since they make up your credit score.

The 5 factors that make up your credit score:

Payment history, 35%Credit utilization or amount owed, 30%Length of credit history, 15%Credit mix, 10%New credit, 10%

And some good sites where you can check your credit score for free are Credit Sesame and Credit Karma. Most credit cards are also offering a free credit score, but Joel and I are both fans of Discover's Credit Scorecard. And at the beginning of this episode we both opened a bottle of Oak-Aged Vanilla World Wide Stout by Dogfish Head, which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

Investing for your retirement is way simpler and easier than you think- and I'm going to prove it. Do these 2 things and you'll be a millionaire by the time you retire (I'm not even exaggerating one bit!):

1. Open your retirement accounts:401k – If your employer offers a retirement plan like a 401k, especially with a match, start contributing immediately!!! Since a ton of employers offer a 50% match, you won't be able to find a better return on your investment anywhere. At the very least contribute up to your employer match, or you can really get after it and fully fund it at $18,500.IRA – Next thing to consider is opening an IRA (individual retirement account), specifically a ROTH IRA given the recent changes in tax law. This is not an employer offered retirement plan, so anyone can open one of these accounts. It's as easy as opening a savings account online, no joke. The only downside to the IRA is that your contributions are limited at $5,500 per year (but don't forget you can open a spousal IRA too, so $11,000 combined!). We highly recommend Vanguard.2. Start investing:Take Warren Buffett's timeless advice and only buy funds or etfs that are widely diversified and have low expense ratios (like around .05%).Joel is 100% invested in VTSAX and I'm 100% invested in VOO. Again we are both big fans of Vanguard but both Fidelity and Schwab have some good low-cost funds as well.Keep investing and don't stop. That's it!And at the beginning of this episode we cracked open a couple local brews by Ironmonger Brewing Company- Damascus IPA and Anvil DIPA which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

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Finally, an entire episode that is only about the beer... and saving money of course! Joel and I spend this episode talking about how we get a deal on craft beer and we also touch on what we're NOT willing to do in order to save a buck. Is it worth it to brew your own beer at home? Do you know what styles of beer to avoid if you're shopping the discount shelf? Are any of the beers at Aldi good? Have a listen to find out as we dedicate this episode to getting a deal on craft beer.

At the beginning of this episode we cracked open a lambic- Lindemans Oude Kriek Cuvee Rene which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

Traveling and going on vacation doesn't have to break the bank. In this episode we spend most of our time talking through some tips that will help you save money the next time you book some travel. But first, we want you to think about the aspects of travel that you enjoy the most, and then center your trip around that (like breweries and the outdoors- a couple of our favorites!). March to your own drum! Don't give in to the pressures of taking the touristy route or doing the activities that you have no interest in. It might seem like an obvious point to make, but this is the crucial first step before you even begin to plan your trip. You be you!

Once you've covered the 'why am I doing this?' question, it's time to start saving money! Here are the practical tips we have for traveling:Consider staying in the United StatesBe flexible with your dates AND your destination. Huge cost savings here.Go with friends to cut down on costsMake sure to have a credit card with no foreign transaction feePlus a bunch of other awesome stuff- be sure to listen for the rest!And at the beginning of this episode we cracked open a double IPA- Hopslam by Bell's Brewery which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.

We spend this entire episode covering what you should do with your tax refund! First of all, you shouldn't be receiving a big refund when April 15th rolls around- if you are, talk to HR and have your tax withholding decreased so the IRS is taking a smaller bite out of your paycheck. We would rather see you proactively do something with that money on a regular basis as opposed to waiting on that 'windfall' once a year. So do that first. Next, here are the top 5 things you need to be doing with your tax refund:

Pay off high interest debt - any debt with an interest rate approaching double digits, or higher, wipe it out.Emergency fund - at least have $1000 for an emergency fund, preferably 3-6 months of living expenses.Invest it - put that money to work whether it be in a 401k, real estate, or small business!Give it to charity - be generous. Check out Give.org and become a better giver.Treat yo self - but avoid those pony expenses.And at the beginning of this episode we popped open a barrel aged saison- Joie by Westbrook Brewing which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

See omnystudio.com/listener for privacy information.