Life Kit: Money-logo

Life Kit: Money

NPR

Being in control of your money leads to great things. From dealing with debt or student loans, to how to buy a house, NPR wants to help. Subscribe to get episodes from Life Kit on money and personal finance.

Being in control of your money leads to great things. From dealing with debt or student loans, to how to buy a house, NPR wants to help. Subscribe to get episodes from Life Kit on money and personal finance.
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United States

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NPR

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Being in control of your money leads to great things. From dealing with debt or student loans, to how to buy a house, NPR wants to help. Subscribe to get episodes from Life Kit on money and personal finance.

Language:

English


Episodes

Boost Your Credit Card IQ

4/28/2019
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If you use credit cards in a intentional way, you can free up some valuable perks. We geek out on strategies to make credit cards work for you, without getting out of control on spending. Here's what to remember: - Use credit cards that have the best rewards on the things you spend the most money on. - Protect your credit score: Always pay off your balance, don't spend more than 30 percent of your limit, don't cancel a card you've had for a long time. - Don't outgame yourself by...

Duration:00:21:04

Never Pay An Unnecessary Fee Again

4/28/2019
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Don't get caught in a cycle of unnecessary overdraft fees, credit card interest and high-cost loans. A few simple tools can help you hold onto those hard-earned dollars. Here's what to remember: - Automation is your friend. Set your bills on autopay. - Overdraft protection is deceptive. Link your checking account to a savings account to avoid overdraft fees. - Set up a buffer savings account with automatic deposits. - Don't use credit cards for emergency spending. - If you do have an...

Duration:00:20:46

Be The Master Of Your Budget

4/28/2019
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To many, it's a dreaded task: making a budget to keep track of money. Guess what? You can do it, and we show you some tools that can help — maybe even make it fun. The founder of the popular budgeting software You Need A Budget tells us how to track your spending. Here's what to remember: - Don't budget just because you should: Set a goal. - Leverage anxiety from a life change and turn it into motivation. - Follow the 50-30-20 method. - Use the power of scarcity. - A roommate is worth...

Duration:00:22:34

Should You Pay For Financial Advice?

4/28/2019
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We help you understand whether you need an adviser, and if you do want one, how to find someone who will act in your best interest. Here's what to remember: - Many people don't need to pay for financial advice. - Use a "fee-only" adviser, not a "fee-based" adviser. - Consider low-cost options like robo-advisers or Vanguard. - You might need to break up with your adviser — but you can still be friends. - Two online resources can help you find an adviser: NAPFA and Kent on Money.

Duration:00:22:09

Your Cheat Sheet For Smarter Investing

4/28/2019
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Investing doesn't have to be hard. We explain how to grow a nice nest egg and avoid that four-letter word that starts with F ... fees. Here's what to remember: - Don't pick your own stocks. - Don't sell stocks if the market crashes. - Diversify your portfolio. - Don't pay too much in fees. - Invest in index funds, not actively managed funds. - Rebalance your portfolio every year — then leave it alone.

Duration:00:22:55

Get Started Saving

4/26/2019
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If you're not good at saving money, it's not your fault: Humans are hard-wired to focus on the present. But there's a way to beat evolution and build for your future. Here's what to remember: - Make savings automatic. - Save, even if you have student loans. - Participate in your employer's matching plan. - Reward yourself for saving. - Envision your future self. - Start saving young.

Duration:00:17:32