Something On My Mind

In this episode covers relationships and personal finance. When is the right time to talk about your credit cards, your debt, the budget, savings and retirement.  Next are tips on how to approach your partner with tough questions as money is commonly sighted as the number reason for divorce.  For the story of the week, let's stick to the marriage/divorce theme by discussing the unusual ways that people have died by getting hit by objects including champagne corks at weddings.

The budget tips the week provide tips on how save on your gas and electric bill and make a positive impact on your budget.

The listener question of the week which is: My wife is leaving her job and she needs a budget update. Does she need have a retirement plan option with a new employer or can she open up a Roth IRA while maxing out her husband's 401(k)?  In the topics section: the story of two girls who became friends at work; they had many similarities and eventually realized that they were sisters.  Next: stories about people who had foreign objects in their bodies that had to be removed.   Biological Sisters https://abcnews.go.com/GMA/Family/friends-worked-learn-biological-sisters/story?id=76099870 Strange Items in People's Bodies https://www.rd.com/list/craziest-things-found-in-peoples-bodies/

The budget tip of the week provide tips on how save on your medical procedures whether you have health insurance or not. By obtaining the medical procedure codes and working with your doctors, they are often willing to lower your budgetary costs.

This episode covers the budget and why it is critical to your success for a balanced life. If you don't budget, odds are you will not be able to retire unless you are forced to.  Next is the hidden piece in managing the budget by ensuring that every bill is transformed into a fixed amount just the like mortgage and the car payment are. This ensures stability and predictability.  In the stories section: why you should change your pillow every two years and why the bed should not be made right after you get up. Lastly, chemicals and climate change have lowered much of the continent's sperm counts, and in time this may have a negative effect on the world's population.

The budget tip of the week reveals that the cost for owning cars including the payments, gasoline, insurance and maintenance can be the largest collective cost in the monthly budget. Part of this cost is for tires than can be $500 - $1,000 to replace. One solution is to buy quality used tires online and the cost can often be 50% less.  https://www.bestusedtires.com/

Is it more beneficial to choose the standard deduction or itemize deductions? They also review many of the common deductions that many tax filers qualify for. In addition, the goal is not to receive a tax return; the average refund is $3,000 and this money can be used to pay down debt such as credit cards and car loans or it can be used as an investment that can achieve compound interest throughout the year. Otherwise, the government holds on to this money for one year. For the stories of the week: starts with the cheapskates. Several topics are revealed from people have about what others do to save a buck or not pay their fair share. Lastly, is the story about a girl that won a car in a raffle and gave it to her coworker so that she would have reliable transportation. IRS Links: https://www.irs.gov/taxtopics/tc501 https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents Cheapskates https://didyouknowfacts.com/27-people-recall-cheapest-thing-ever-saw-someone/ Car Giveaway https://www.postcrescent.com/story/news/local/2021/01/28/months-after-meeting-chick-fil-a-employee-wins-co-worker-car/4173590001/

The budget tip of the week discusses how much money that you save by cutting back on buying coffee from a barista.  It is possible that a family of four can spend up to $7,700 per year.  Next: how much money can be accumulated by investing the savings and letting the compound interest grow.

This episode discuss the details about how to allocate assets in your 401(k), Roth 401(k), 403(b) and 457(b) plans. What are the many types of mutual funds that invest in the stock market including large-cap, mid-cap, small-cap, international funds, value funds, balance funds, bond funds, and money market funds? For the stories of the week, they discuss a Valentine's Day theme. First they cover stats on how much each generation spends as well as the difference between men and women. Next: the story of the San Antonio Zoo that created a fundraiser for cockroaches and rats to be named after people's ex-partners and then watch them be eaten by animals on Facebook live. This fundraiser is known as Cry Me a Cockroach. Next is another fundraiser by The Lexington Humane Society and for $10, people named cat litter boxes after their ex-partners so they could watch cats crap on them. This fundraiser is known Retripootion. Lexignton Humane Society - Retripootion https://www.lex18.com/news/covering-kentucky/for-10-cats-at-the-lexington-humane-society-will-take-a-2-on-your-former-1s-name San Antonion Zoo - Cry me a Cockroach https://www.ksat.com/news/local/2021/01/21/cry-me-a-cockroach-san-antonio-zoo-is-helping-scorned-exes-on-valentines-day-with-cringe-worthy-fundraiser/#:~:text=SAN%20ANTONIO%20%E2%80%93%20The%20San%20Antonio,reptiles%20and%20mammals%20to%20eat.

The budget tip of the week details how to prevent Americans from wasting 40% of the food that they buy. In fact, the average household wastes $3,080 per year and investing that savings can add up to over $300,000 over a 30-year time span.