What Every Financial Beginner Needs to Know About Money
Kosher Money
Living Lchaim
5 • 781 Ratings
🗓️ 7 January 2025
⏱️ 68 minutes
🧾️ Download transcript
Summary
Money feels overwhelming? Tamar Snyder Chaitovsky shares tips on saving, budgeting, Roth IRAs, and the 50/30/20 rule. Learn how to plan, save, and build financial stability in this actionable episode!
You can reach Tamar at https://www.tamarsnyder.com/
✬ SPONSORS OF EPISODE 85 ✬
► BITBEAN: Do you have an ambitious company? BitBean builds custom software and provides software solution consulting. (They do tremendous work.) See case studies, learn more and get in touch here: https://bitbean.link/4edg53
► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get a free account here: https://thedonorsfund.org/koshermoney
► TWILLORY: Get $18 OFF your first purchase of comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney
► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation!
00:00 Intro
01:02 Who Is Tamar Snyder Chaitovsky?
02:52 Parents Teaching Children About Money
04:04 Financial Education for Teens
08:30 Coming Up With Different Term Goals
10:05 Changing the Mindset of Teens
10:55 What is Budgeting
14:19 Needs Vs. Wants
15:20 How Much Should I Be Saving?
18:00 How to Practically Budget
21:21 BitBean
22:51 Twillory
24:07 Find What Works for YOU
25:05 Children & Money
26:44 Bringing a Spouse Into Money Equation
30:50 Being on the Same Page as Your Spouse
32:14 The Magic of Compound Interest
36:30 Interest Doesn’t Have to be Overwhelming!
40:52 How to Spend SMARTER
43:41 You are Influenced by People Around You
44:35 Colel Chabad
46:01 The Donors’ Fund
47:53 Make Sure to Look at All Your Bills
50:25 Life Insurance for Young Adults Is So Important
53:42 Health Insurance is Critical
55:19 Looking at a Paystub
57:30 FSA vs. HSA
58:28 What to Keep in Mind When Buying House
59:28 Paying Student Loans
1:00:40 Know Your Money Personality
1:02:23 How to Save Money on Kosher Food
1:03:44 Contacting Tamar
1:04:24 Living Smarter Jewish
1:05:57 Outro
LINKS MENTIONED:
• Monarch Money - https://tinyurl.com/MonarchM25
• EveryDollar - https://ter.li/5cs2h1 (In the first month of using Dave Ramsey’s app, most users cut monthly expenses by nearly 10%. Dang!)
• Rocket Money - https://www.rocketmoney.com
• Chase - https://tinyurl.com/ChaseApp25
• Empower - https://www.empower.com/get-started
• TillerHQ.com - https://www.tillerhq.com
• Ally Savings Bank App - https://www.ally.com/
• Get the LSJ School Curriculum: https://livingsmarterjewish.org/schools
• TheProject120.org, a crucial life insurance resource
✬ Donate Tax-Deductible and Inspire Millions: Your gift of any size enables Living Lchaim to share uplifting & educational content! » https://www.livinglchaim.com/donate
Need financial guidance? Get help from our friends at https://livingsmarterjewish.org/contact
WhatsApp feedback to 1-914-222-5513
All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or personal advice.
#PersonalFinance #MoneyManagement #BudgetingTips #FinancialFreedom #LivingLchaim #KosherMoney #KosherMoneyPod
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | When your child is born if you invest $7,500 and never invest another penny, |
| 0:05.9 | and by the time that child is age 65, it will be over a million dollars. |
| 0:11.0 | Tamara Snyder-Kaitovsky is a financial expert with a passion for helping people make smart money decisions. |
| 0:16.2 | Today, she'll guide you through practical steps to grow your money from budgeting and saving to making wise investment choices so you can break free from financial stress. The research shows that when you spend |
| 0:25.4 | cash, you spend 30% less than you do when you spend with credit. Because credit just feels like free |
| 0:30.2 | money. What should people think about money before they even make their first dollar? I always say |
| 0:35.7 | before we get into the budget, let's first figure out what do you want money to do for you? |
| 0:39.9 | You said that I should be putting money away 20% savings. |
| 0:44.2 | Where am I putting that money? |
| 0:45.9 | So one of the first things I teach whenever I'm educating younger people is I teach them. |
| 0:53.2 | Being a Jew, awesome. |
| 0:55.4 | Managing personal finances, not so awesome. |
| 0:58.8 | Welcome to kosher money. |
| 1:02.0 | We're doing a financial starter pack episode. |
| 1:06.8 | People have been clamoring for an episode like this. |
| 1:09.8 | Someone turns 18. |
| 1:15.6 | No one waves a magic wand and says, now you know how to money. |
| 1:18.7 | So that's what we want to do here with Tamar Snyder-Kaitovsky. |
| 1:23.9 | Tamara, tell everyone who you are, how you got into this space, and then we'll go through this awesome, awesome list of what I think people are searching YouTube for all the time, |
| 1:30.4 | and we're going to try to bottle this into one 60-minute conversation. Thank you so much for having me. |
| 1:36.2 | I'm Tamar Snyder-Kaitovsky. I'm a financial educator. I actually do marketing and communications |
| 1:41.2 | as my full-time job, and this is my, what I call my passion project. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Living Lchaim, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Living Lchaim and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.