Your Money Mamas

Linds & Jules tackle something no one wants to talk about but everyone needs Estate planning stuff. Know what you need in order to not make your loved ones feel tortured by your lack of preparedness when you had the chance.

Here are some resources that are mentioned. 

• https://trustandwill.com
• https://www.northwesternmutual.com/life-and-money/estate-planning-101-whats-included-in-an-estate-plan/
• https://www.northwesternmutual.com/life-and-money/end-of-life-checklist-9-things-to-include-in-your-planning/ 
• https://www.northwesternmutual.com/life-and-money/the-financial-steps-to-take-after-a-loved-one-dies/ 

Weeeee're back for Season 2! Boy howdy has some epic shit gone down. Student loan forgiveness, inflation, rising rates, it’s a bit chaotic. But don’t worry, we’re here with some sympathy and a bit of context. We also address a classic 401k contribution vs. paying off some student debt. We then cover the amazing song "You and Me on the Rock" by Brandi Carlile. 

A few things we mention: 

Two Cents: 

https://www.youtube.com/watch?v=9EHnyCM-5ok

Hey! We missed you! In this episode, Linds & Jules fangirl over Jen Hatmaker, delve into the surprisingly interesting depths of Social Security and cover how to deal with a spouse who is a financial hot-mess-express. 

They don’t actually get into any questions today because sometimes…you just wanna talk about what you wanna talk about. 

Here are some resources that are mentioned. 

• Two Cents Episode - How to talk to your kids about money —https://www.youtube.com/watch?v=770HVHEI284 
• Save the Children — https://www.savethechildren.org/ 
• International Committee for the Red Cross — https://www.icrc.org/en 
• Got a question/victory you’d like to share: [email protected] 

Student Loan Planner: https://www.studentloanplanner.com/

You Need A Budget: https://www.youneedabudget.com/ 

Q1 - My partner and I are approaching a major change in our life. She will be graduating from law school at the end of the year (I'm so proud of her!) and will start working in her career. She feels pressured to look for jobs that are higher paying because of the law school student debt. I don't want her to go into a sector for the money instead of passion.

Also, I have been working for several years and have paid off my student debt in that time on my own. We keep finances separate, except shared expenses where she pays a smaller percentage from less work time due to school.

I want to make her student debt a shared expense, but she is resistant to agreeing. How do we compromise on this topic?

Q2 - What distribution of assets would you recommend? What percentage of my savings should be in real estate, stocks, cash, etc..?

1. What is the benefit that stock brokers and intermediates offer to mankind? Is generating more money for the sake of it helping society in any way?

1. My fiancée and I have lived together for a year, thinking of making a joint budget.Any tips on how to avoid this feeling like a prison, or score keeping, etc... I'm conscious this will result in fights and feeling like we have to explain every purchase.Any tips of splitting the budget? This probably sounds crazy but as I earn a fair bit more, I pay for every household bill from food to mortgage, then she just puts in whatever she can that month. I'm thinking maybe we both pay the same % of our income into it? One of us gets paid weekly, one monthly too. Thanks in advance!

Links to a few things we shouted out in the episode are below!

The song we covered is Dolly by Tierra Whack: 

https://open.spotify.com/track/4NO0dOw4DLH7LgKLr16HDb?si=a0a8db8ccb0d42cf 

The podcast Invisibilia: 

https://open.spotify.com/show/1Tgsr2BDHLSQ44YsOwoguj?si=cdWXL1FPRXWDS53itQFBXQ 

Roboadvisers like the following: 

https://www.betterment.com/ 

https://www.wealthfront.com/ 

Mo Math Mo Money rap music video: 

https://www.youtube.com/watch?v=WbxWNMXSAOQ 

The book The Spirituality of Imperfection: 

https://www.amazon.com/dp/B000SEIL3G/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1

Linds and Jules are at it again (if a little late to the party) with an episode delving into the long-lost weird world of pensions and loan terms (is it better to get a short-term or long-term mortgage?). They then end the episode with a financial-themed cover of Charlie Puth’s song Attention.

Your Money Mamas is like a financial Dear Abby, meets irreverent musical comedy podcast!