Welcome to Money Elementary, the podcast that takes you back to school to learn the personal finance lessons you never got in the classroom! Hosted by Heidi Castillo and co-host, Vanessa Hernandez, this show is your go-to resource for mastering the fundamentals of money management. Join us each week as we dive into essential topics like budgeting, saving, investing, and financial planning, all with the goal of helping you build a stronger financial future. Whether you're a recent graduate, a ...
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The Ghostly Guide to Estate Planning
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In this episode, we join our ghostly friends, June and Sam, as they humorously navigate the pitfalls of estate planning from beyond the grave. Through their playful banter and enlightening analogies, they highlight the importance of having a well-documented estate plan to avoid family drama and legal nightmares. Tune in to hear their spooky yet ins…
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Monopoly and IRAs: A Winning Financial Strategy
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In this episode, we explain IRAs using the classic game of Monopoly as an analogy. We explain how a Traditional IRA allows you to defer taxes until retirement, like collecting rent and keeping all your earnings during the game. In contrast, a Roth IRA requires paying taxes upfront but offers tax-free withdrawals in retirement. We also explore the h…
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Roth 401(k) 101: Your Guide to a Tax-Free Financial Future
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In this episode, we explore the world of Roth 401(k)s, using the analogy of buying a rare Pokémon card on layaway to explain how this retirement plan works. We break down the benefits, comparing it to traditional 401(k)s, and explore the history, contributions, and tax implications. Vanessa and Heidi share personal anecdotes and provide actionable …
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Demystifying the Traditional 401k:Growing Your Garden of Wealth
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Welcome back to Money Elementary, Season Two! We break down the Traditional 401k, using a vivid garden analogy to illustrate its growth and the inevitable tax implications. We delve into tax brackets, 401k history, and real-life scenarios to help you understand and maximize your retirement savings. How will understanding these concepts change your …
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Season 1 Wrap Up: Personal Finance Foundation
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In this week's episode, Heidi and I, Vanessa, take you on the ULTIMATE REEEECCAAPP of the season. We dive deep into the heart of financial literacy, revisiting the personal finance foundation topics that should be ingrained in your head, like enhancing your credit score, mastering your lifestyle changes (formerly known as budgeting) techniques, and…
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Buying a House Part 3: Baking Your Home Sweet Home
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Through the maze of home-buying in "Money Elementary, Part 3: Baking Your Home Sweet Home," we dive deep into the essentials of the home-buying process. From understanding the roles and fees of key players like realtors, lenders, and inspectors to exploring free educational resources on Eventbrite.com, we equip you with the knowledge to navigate th…
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Buying a House Part 2 - Light at the end of the home buying tunnel
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In this enlightening episode of "Money Elementary," we guide you through the intricacies of home buying in "Home Part 2: Light at the End of the Home Buying Tunnel." We delve into the crucial steps every aspiring homeowner must take, from selecting the right realtor to understanding the financial aspects of purchasing a home. We also highlight inva…
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Buying a House Part 1: One Size Does Not Fit All
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In today's episode 8, "Buying a House: One Size Does Not Fit All," we dive into the complexities of purchasing a home amidst economic challenges. With rampant inflation and fluctuating interest rates, we explore how to navigate the housing market. We examine mainstream financial advice, debunk myths, and provide practical tools like Zillow for home…
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Field of Flowers: Steering Through the Car Buying Process
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In this enlightening "Money Elementary" episode, "Finding the Field of Flowers," we delve into the nuances of car buying. From initial experiences of purchasing cars as inexperienced buyers to mastering dealership negotiations, we share personal anecdotes and invaluable tips. The episode offers a candid look at the pitfalls of car buying, emphasizi…
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Credit Cards Part 3: Points, Protection, Perks: Unpacking Credit Card Benefits
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Today's episode of Money Elementary, titled 'Points, Protection, Perks: Unpacking Credit Card Benefits,' dives into maximizing credit card benefits. We discuss rewards systems that can be compared to Chuck E. Cheese's point system, offering savvy insights into reward strategies. We cover credit card comparisons, highlight zero-interest intro offers…
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Credit Cards Part 2: Dont Get caught with a major interest fee leak!
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In Episode 5 of Money Elementary, Heidi and Vanessa delve into the intriguing realm of credit card interest rates, specifically APR, offering valuable insights and tips. Join us as we decode a credit card offer, using a thought-provoking analogy to illustrate the significance of managing your credit card balance wisely. Discover the impact of daily…
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Credit Cards Part 1: Looking out for those fees
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In this lively script, Heidi and Vanessa dish out some spunky financial wisdom on credit cards. They jazz up the conversation with anecdotes, urging listeners to be groovy and ready before swaying into the credit card dance. They shimmy through the importance of APR, compound interest, and various fees, infusing the discussion with a funky beat. Th…
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Checking and Savings: My Money Works Out
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In the third episode of "Money Elementary," aka ME, hosts Heidi and Vanessa dive into the intricacies of checking and savings accounts, emphasizing the importance of exploring various banking options. The episode highlights the value of comparison shopping in banking, like we do for car insurance, credit cards, or other expenses. The conversation t…
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Step into Money Elementary, where your hosts Heidi Castillo and Vanessa Hernandez guide you through the realm of personal finance. In this episode, we delve into the actual budget of our listener, Alice, exploring topics like overdraft fee forgiveness and conducting real-life budget analyses. Gain valuable insights and practical tips as we adopt a …
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Welcome to Money Elementary, hosted by Heidi Castillo and Vanessa Hernandez. This podcast takes you on a journey through the world of personal finance. On today's episode, there is a special focus on your credit score—a critical financial report card. Heidi shares unique insights from her family's financial experiences, and Vanessa candidly discuss…
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