Let’s dive into the week with some fresh listener questions we have lined up for you! And don’t just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!
- Does it make sense for me to put down 30% or even 50% on a home purchase?
- How should we go about cutting credit cards from our life without hurting our credit scores?
- Is it possible for multiple investing accounts to undercut the impact of compounding on my overall wealth?
- Should I be concerned about an unrealized capital gains tax on my 401k?
- Will pay-per-mile car insurance actually save me money?
Additional Links:
- Episodes mentioned – We referenced these episodes today:
- Down payments – Here’s our full rundown on how (and where) to save up for a downpayment
- Credit cards – A few key posts you’ll want to read through if you’re wondering if using credit cards is right for you:
- The golden rules of using plastic. ALWAYS follow these rules and use credit cards responsibly!
- Are credit card rewards actually worth it? If you’re not careful, sometimes the fees and cost of owning cards is more than the rewards that you actually get! Careful!
- Unrealized gains – For our full rundown on how 401ks work, check out our post on the pros and cons of 401k plans.
- Community – Got a question for the HTM mind hive? Join the HTM Facebook Group and ask away! We’re all in this together!
- Money gears – Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here
During this episode we enjoyed a For Foolish Thinking by Burial. And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
Best friends out!
