Neighborhood Money

To celebrate Neighborhood Money's 20th episode, Cavan and Drew share each of their beginnings in the personal finance space...taking a chance on yourself, getting our of debt, books and much much more! 

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UGMAs and UTMAs can be the ultimate gift that keeps on giving for the children in your life. In this episode of Neighborhood Money, Drew and Cavan explain what an UGMA and UTMA are, the pros and cons, and how these custodial accounts can be an excellent gift for your loved ones. Also, find out what the average net worth of an 18 year old is and what famous movie was released on this date in 1964. The hills are alive...with some holiday spirit joining the neighborhood!

How will the Build Back Better bill that just passed through the house impact your wallet if it becomes law? How is it going to be paid for? Listen in to Drew and Cavan discuss 3 different areas where this bill might benefit you. Be sure to stick around to the end where Drew wraps up his home renovation project and Cavan takes a hit to his credit score. Welcome to the neighborhood!

The holidays are upon us, which bring both great memories with family and friends but also added stress to your wallet. In this week's episode of the Neighborhood Money Podcast, Cavan and Drew share their 5 best money tips to avoid excessive spending and letting this year's purchases follow you into next. There is lots to be thankful for in the neighborhood - from family and friends to YOU our neighbor. Wait...how many turkeys are eaten during Thanksgiving every year? Tune in to find out!

Inflation is at a 3 decade high at 6.2% - everything is more expensive than it was a year ago! Drew and Cavan explain what inflation is, how it is impacting your pocketbooks and some ways you can combat the rise in prices. Stick around for our two trivia questions this week and for a VERY special announcement! Sounds like there is a new neighbor moving in.

It can be very difficult to decide what company to choose when looking to open up your first brokerage account. Drew and Cavan discuss each of their journeys. What companies did they start with? What companies do they currently use and why? Make sure to stick around for the trivia answers at the end of the episode, and to hear about a crazy cryptocurrency story. Welcome neighbor!

Health savings accounts (HSA) are a powerful tool to not only pay for medical expenses, but to grow your wealth. Drew and Cavan explain exactly what an HSA is and two strategies that can help you become financially free. Tune in for a new trivia segment, and stick around for some Halloween fun!

Protecting your income for those life events that keep you out of work is necessary - your bills don't stop, so your income shouldn't either! Listen to Cavan and Drew talk about short-term and long-term disability and how you can use both to better protect yourself. Join in the neighborhood chat with Chef Cavan bragging about his steak cooking abilities, and Drew prepping for his world famous tomato sauce. Welcome to the neighborhood!

Saving for your child's college can seem like a daunting task. How much do you need to save? Which type of accounts should you use? Listen in to this week's episode of Neighborhood Money where Cavan and Drew breakdown 6 different accounts you could use to help you pay those high education costs. Also - there may need to be a clean up on aisle baby. Welcome back neighbors!

Renting vs. buying a home is a hard decision for many to make. What are the pros and cons to either approach? What is the 5% rule and how can it be applied to see what decision makes the most sense financially? The old saying "renting is just throwing away your money" may not actually be true. On this weeks episode, Drew and Cavan dive deep into renting vs buying. Also, it's renovation update time and parents night out! Make sure to stick around to the end for our special announcement!