Monday Money Tip

About the Episode: 

• In the episode, we’re sharing tips and tricks for finding great deals.
• In our Current Event Segment, we share some breaking (exciting) news plus discuss the government tracking financial transactions.
• Our success story comes from Elizabeth, who just participated in our 30-Day Spending Challenge and had discovered a new perspective.  

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Article: NY Post - Janet Yellen Defends Biden’s IRS Proposal
Article: Wall Street Journal - Yellen, IRS Push Democrats to Require Banks to Report Taxpayers’ Annual Account Flows
Honey
RetailMeNot

Related Monday Money Tip Podcast Episodes:
Episode 143: 5 Steps to Avoid Budget-Busting Expenses
Episode 154: Saving Money with Your Home and Auto Insurance
Episode 166: Things I’d Do Differently 
Episode 174: Preparing Your Christmas Budget

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re discussing handing off your finances and financial information when you die. We’ll share what information you should include and why.
• In our Current Event Segment, we’re talking about inflation. 
• Our success story comes from Araceli, who is completing Rung #4 of the I Was Broke. Now I’m Not. Ladder and getting ready to move to Rung #5. 

Things You Should Absolutely Have Prepared: 

• Account List

1. Investing Accounts
2. 1. Retirement, Brokerage, College, etc.
   1. Checking, Saving, Money Market, etc.
3. Bank Accounts
4. Life Insurance
   1. Mortgage, auto loans, credit cards, etc.
5. Debt Accounts

• Access List

1. Passwords, PINs, Websites, Codes
2. Safe Access, Bank Safe Deposit Box
3. People - attorneys, bankers

• Hidden Valuables

1. Buried, frozen, covered, shielded

• Beneficiaries

1. Your named beneficiaries on investment and insurance policies TRUMP your will!

• BONUS: Hand-written letters to those you love

• BONUS: A Letter of Instruction

1. A list of people to contact when you die and a list of beneficiaries of your estate plan
2. The location of important documents, such as your will, insurance policies, financial statements, deeds, and birth certificate
3. A list of assets, such as bank accounts, investment accounts, insurance policies, real estate holdings, and military benefits
4. Passwords and PIN numbers for online accounts
5. The location of any safe deposit boxes
6. A list of contact information for lawyers, financial planners, brokers, tax preparers, and insurance agents
7. A list of credit card accounts and other debts
8. A list of organizations that you belong to that should be notified in the event of your death (for example, professional organizations or boards)
9. Instructions for a funeral or memorial service
10. Instructions for distribution of sentimental personal items
11. A personal message to family members

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
ElderLawAnswer.com
A Letter of Instruction 

Related Monday Money Tip Podcast Episodes:
Episode 133: How to Track Your  Financial Accounts
Episode 150: How to Have the Estate Planning Conversation

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re sharing tips to avoid serious overspending at Christmas. Start preparing your Christmas budget now so you can enjoy the season. 
• In our Current Event Segment, we’re discussing how preparing for special days in advance can help ensure that the magical moments remain just that - magical. 
• Our success story comes from Charles, who has gained full control of his finances and can now help others get control of their finances. 

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Tool: Christmas Mini Budget

Related Monday Money Tip Podcast Episodes:
Episode 24: How to Have a Debt Free Christmas
Episode 77: Christmas Money
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget
Episode 143: 5 Steps to Avoid Budget-Busting Expenses
Episode 144: How to Teach Your Kids About Budgeting

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re sharing five steps to becoming a competent investor.  
• In our Current Event segment, we’re discussing how and why you should start thinking about your 2022 financial plans.
• Our success story comes from Yolanda, who is finally getting a handle on her finances and making progress towards debt freedom. 

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Buy Your First Stock PDF

Related Monday Money Tip Podcast Episodes:
Episode 130: Preparing for a New Year
Episode 138: What is a Mutual Fund?
Episode 139: Make Money While You Sleep
Episode 149: How to Teach Your Kids About Investing
Episode 170: Do You Have an Oxen?

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re sharing tips on how to negotiate a pay raise. How should you start the conversation? When is the right time to have the conversation?  
• In our Current Event segment, we’re talking about unemployment levels over the last few years.
• Our success story comes from Grace, who has made significant progress over the last few months with her finances. 

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget
Episode 143: 5 Steps to Avoid Budget-Busting Expenses
Episode 156: A Balanced Budget
Episode 162: The Difference Between Spenders & Savers

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re discussing when you should refinance your mortgage. Is now the right time, or should you wait?
• In our Current Event segment, we’re talking about the raising of the National Debt Limit. 
• Our success story comes from Jayme, who has been able to pay off his cars and his house in only seven years!!

Key Questions to Answer: 

1. How long do you plan to remain in this home?
2. What is your current mortgage balance? 
3. What is your current interest rate?
4. What interest rate is available to you? 
5. How much does the refinance cost? 

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Article: What the Federal Debt Ceiling Showdown Could Mean for You
Article: The Debt Limit
Article: Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline
Bank Rate
Tool: Mortgage Payment Calculator 

Related Monday Money Tip Podcast Episodes:
Episode 118: We Paid Off Our House in 9 Years - Success Story
Episode 119: When is the Right Time to Purchase a House?
Episode 165: Our Home Pay-off Process

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re discussing one “ox” we’d recommend for someone just starting their financial journey.
• In our Current Event segment, we’re talking about housing, fuel, and food prices and how they are affected by inflation.
• Our success story comes from Faith, who has been able to make significant progress with her finances. She’s been able to pay off a $10,000 loan in 5 months, still put money in her savings account, and pay cash for car repairs and house maintenance. 

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Consumer Price Index
Inflation Calculator
IWBNIN Group Study
Book: OXEN: The Key to an Abundant Harvest
Joe’s Current Investments 

Related Monday Money Tip Podcast Episodes:
Episode 138: What is a Mutual Fund?
Episode 139: Make Money While You Sleep
Episode 149: How to Teach Your Kids About Investing
Episode 166: Things I’d Do Differently 

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re sharing tips on how to improve your credit score.
• In our Current Events segment, we’re giving an update on the US National Debt and how you can tell if your state is in the positive or negative. 
• Our success story comes from Amber, who recently called to let us know she’s debt-free!!! Woohoo!!!

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
US Debt Clock
Credit Sesame
Credit Karma
Annual Credit Report

Related Monday Money Tip Podcast Episodes:
Episode 113: How to (Re)Build Your Credit
Episode 126: How Bad Credit Impacts Your Wallet
Episode 159: Identifying Money Wounds
Episode 160: Healing Money Wounds

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, Joe sits down with friend and Pastor Marty Schmidt to discuss his story. Marty is the Lead Pastor for The Bridge Church in Ottumwa, Iowa.
• Pastor Marty shares how he’s seen his faith and confidence grow in God as Jehovah Jireh - Provider. 
• Joe and Marty discuss what the phrase “Fully Funded Life” means to his family and how his financial journey has affected his life, relationships, and marriage.   

Resources:
FULLY FUNDED LIFE
About Marty Schmidt
The Bridge Church
IWBNIN Ladder
Debt Tools
Budgeting Tools

Related Monday Money Tip Podcast Episodes:
Episode 142: Getting a Non-Participating Spouse to Join
Episode 158: What Does it Mean to Steward Your Finances Well
Episode 165: Our Home Pay-off Process
Episode 166: Things I’d Do Differently 

Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re sharing tips on how to teach your kids about saving money.
• In our Current Events segment, we’re talking about how student loan debt is at an all-time high in the U.S. and growing at an unprecedented rate over the past two decades.  
• Our success story comes from Lois, a member of our Fully Funded Life community. Since joining Fully Funded Life, she’s set up an emergency fund and even had extra money available when an unexpected life event happened.

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Article: Statista
Article: Wall Street Journal
TOOL: College Calculator
BOOK: What Everyone Should Know Before They Enter The Real World
529 Plans
TOOL: Savings Spectaculars
Financial Peace Jr.

Related Monday Money Tip Podcast Episodes:
Episode 109: Making Your Student Loans Disappear
Episode 123: How to Choose the Right College
Episode 129: How Much Money Do You Need to Save For College?
Episode 144: How to Teach Your Kids About Budgeting
Episode 147: How to Teach Your Kids About Debt
Episode 149: How to Teach Your Kids About Investing
Episode 151: How to Teach Your Kids About Giving

Email [email protected] to ask questions or share success stories.