Time for a Friday Flight- our sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: gas prices on the rise, pet debt, iguana insurance, travel insurance alternative, car value tracker tool, job hoppers beware, superfluous self storage, (not so) cheap junk, a guaranteed way to lose your money, & Goldilocks cash.
Additional links:
- Bike disc brake adjustment – This is pretty niche, but if you’re having issues with your disc brakes on your bike like I was, here’s the video that had me on my way!
- Insurance – Learn how to choose life insurance that is cheap and easy to buy.
- There are so many reasons why we’re huge fans of at least checking out PolicyGenius for auto and life insurance. Remember, they’re an insurance marketplace so they allow you to compare the best plans for you!
- Trusted Choice is a great resource to help you find (relatively) local independent agents who can also shop for the best rates. Added bonus: if they focus on a specific state, they’ll also know all the nuances since insurance requirements vary by state which can help you save and get the best coverage for you!
- Newsletter – Don’t forget to sign up for the best personal finance newsletter in all the land! It’s completely free and something we create to help you along your journey to financial freedom. It drops every Tuesday morning and you can always unsubscribe if you don’t dig it!
- Credit Card Tool – Looking for the right credit card for you? Then check out our new credit card tool that’ll help you to easily filter through all the cards based on your preferred airline, whether or not they have an annual fee, or simply by the cash back offer! Just toggle the sliders and you’ll know which card to consider.
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Best friends out!
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Yikes guys, long time listener and I have to say, I may have to unsubscribe based on your pet debt comments. You compared living breathing animals to a “craft beer equivalent.” My dogs are not my craft beer, they are my alternative to children. I imagine you would do anything for your children, including going into debt. My dogs are my equivalent of your children.
For all those want to be human parents that had to settle for furbabies, skip this episode.
Hey Ros, We totally understand the love and warmth that a pet can bring. I’ve got a couple of cats and we’re super fond of them. But we’d rather see pet owners self-insure for potential accidents. Pets can be expensive. But it’s a really bad idea to put those costs on a credit card at 28% interest. It’s our stance that you should save up a bigger e-fund to ensure that you’re able to take care of your pet properly without taking on debt that can linger for months or even years.
Hello, long time listener here too and I do think it’s been obvious from the onset that you guys don’t think of pets the same way other people might consider them family. However, it wasn’t until this episode that I ever thought you would put a pet in the same category as an inanimate object, like a car. Indeed, your advice on the episode and above is similar to how you discuss car insurance. I do appreciate your perspective on self-insurance but maybe you could have spoken about it with some sensitivity that people actually care that pets are living beings. I listened to your episode at the time and I’m still cringing thinking about it.
Hi Ellie. Thanks for your comment. So sorry if we seemed callous! We do know that pets are different from objects like cars. We do think that people should consider the secondary costs of pet ownership and save up accordingly. The willingness that many have to go into meaningful amounts of debt for their pet is a bit scary! But your point is well taken. We’ll approach the topic in a more understanding and nuanced way in the future. Thanks for listening!