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NerdWallet's Smart Money Podcast

Pandemic Debt, and Moving Costs

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 8 March 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

On this episode, Sean and Liz discuss how to manage debt in our K-shaped economic recovery. Then they answer a listener's question about how to manage expenses for a cross-country move.  Want the Nerds to answer your money question? Email [email protected] or call or text the NerdHotline at 901-730-6373. And visit www.nerdwallet.com/podcast for more info on this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:23.3

like you sign up for your one dollar a month trial at shopify dot com slash setup

0:32.6

welcome to the nerd wallet smart money podcast where we answer your personal finance questions and help you feel a little smarter about what you do with your money.

0:41.3

I'm Liz Weston.

0:42.3

And I'm Sean Piles.

0:43.2

If you want us to answer your money questions on the future episode, turn to the nerds.

0:47.4

Call or text us on the nerd hotline at 901-730-6373.

0:51.9

That's 901-730 nerd.

0:53.3

Or email us at podcast at nerdwollet.com. And hit that subscribe button to get new episodes delivered to your devices every Monday. If you like what you hear, please leave us a review. This episode, Liz and I answer a listener's question about how to prepare financially for a big cross-country move. But first, an hour this week in your money segment, Liz and I are talking about how to prepare financially for a big cross-country move. But first, in our this week in

1:12.3

your money segment, Liz and I are talking about how to manage your debt in our unequal

1:16.9

economic recovery. And this is something you recently wrote about, right? Yeah. Actually, my

1:21.2

latest column for our millennial money series with the Associated Press that a few of us nerds

1:26.3

contribute to is about exactly this topic,

1:29.0

specifically how to manage your debt in our case-shaped economic recovery.

1:32.6

Okay, and what did you tell people?

1:33.9

Well, it basically boils down to how where you are in our economic recovery right now

1:38.2

will determine how you can best manage your debt.

1:40.8

And I think it's important to start out by explaining what this case-shaped economic recovery

1:45.1

really means. So essentially, one part of the population is rebounding really quickly, especially

1:50.3

folks who have white-collar jobs that have been able to work from home and save money throughout

1:54.0

the pandemic as they haven't been flying across the country or going out to eat, that sort of thing.

1:59.3

Meanwhile, another section of the economy, especially folks who are working in the service

...

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