Live Financial Planning Session: Expert Budgeting and Spending Tips

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 30 December 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hear an actual financial planning session where a CFP advises a listener on transforming her budget and spending habits. Magda Doemeny, a certified financial planner from the NerdWallet Advisors platform, gives a listener specific advice to improve their finances (advice given on behalf of Nerdwallet Advisors, not NerdWallet). Brinker, the listener, is struggling with spending habits that she calls “irresponsible” and how to manage some of her debt. She discusses her upbringing, financial challenges, and goals while Magda offers insights and strategies to help her improve her finances. The episode delves into methods for tracking spending habits, setting financial goals, and developing better money management practices to achieve financial stability. Magda also guides Brinker on creating a budget, prioritizing debt repayment, and implementing behavioral changes to curb impulsive spending. As mentioned by Sean, here is NerdWallet’s list of the best high-yield savings accounts: https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts NerdWallet Advisory LLC (dba NerdWallet Advisors) is an SEC-registered investment advisor, and wholly owned subsidiary of NerdWallet, Inc. The advice provided in this episode of Smart Money was for illustrative purposes only and not intended as financial or investment advice specific to your personal facts or circumstances. In their conversation, the Nerds discuss: financial planning session, budgeting, debt management, savings, spending habits, financial goals, high yield savings accounts, ways to curb spending habits, financial planning session, how to manage debt effectively, strategies for paying off credit card debt, how to curb spending, budgeting apps, Uber Eats, Uber habits, splurging, what it’s like working with a financial advisor, impulse buying, lifestyle creep, money mindset, spending habits, financial goals, and actionable financial strategies. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.6	Happy holidays, nerdy listener. We are taking the week off to relax, spend some time with our families,
0:36.8	and balance our checkbooks.
0:38.5	Just kidding about that last one. I mean, who has checkbooks in 2024?
0:42.2	Please enjoy this episode from our archives.
0:45.4	And as you sit, listening to this episode, sipping some hot chocolate, and hopefully enjoying
0:49.8	some time off, think about where you need some nerdy help with your finances.
0:55.5	Then send your money question our way. Leave us a voicemail or text us at 901-7306373. That's 901-730 N-E-R-D. Or email us at
1:05.7	podcast at nerdwallet.com. All right, here's this week's episode. We'll talk with you all in the new year.
1:16.5	Welcome to NerdWallet's this week's episode. We'll talk with you all in the new year. Welcome to Nerd Wallet's Smart Money Podcast, where you send us your money questions and we answer them with the help of our genius nerds. I'm Sean Piles. You've heard us say many
1:21.2	times on this podcast, episode after episode, that we are not here to give you individualized
1:26.6	personal finance advice. Except this episode,
1:29.6	we're going to be doing exactly that. A few weeks ago, you may remember that we put out a call
1:33.6	inviting you, dear listener, to contact us if you want a financial planning session and allow us to
1:39.0	record that session. Lots of you contacted us, and today we're going to hear from one of you.
1:43.8	We're coming to you from a studio in Chicago where our listener lives.
1:47.4	But before we get into that, I'd like to introduce you to Magda Domini.
1:51.3	She's a certified financial planner from the NerdWallet Advisors platform.
	...

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