Marriage & Money Mailbag: Financial Goals, Raising Credit Score, and Starter Emergency Funds
oday we’re answering your marriage and money questions – choosing financial goals, raising credit scores, and how to start an emergency funds!
Answering Your Marriage and Money QuestionsWelcome to another community mailbag episode, where we tackle your marriage and money questions. And we have some great ones today.
These past two years have been challenging for many in our community because of the uncertainty. For some couples, the big goal is to get back to their financial goals because they've hit the pause button for a while. Not getting any worse with their finances, but not making the progress that they want to.
Today, we're going to focus on how to get back on track by honing in on key goals to tackle this year.
We also have some couples looking forward to buying a house in the near future so something that they want to do now is to raise their credit scores to hopefully qualify for uh, competitive mortgage rate.
Finally one lesson that's really sunk in these days is the importance of having a financial cushion. The first step with that is getting a starter emergency fund up. How do you jumpstart that process?
We have so much to cover today. So let's get started!
Resources to Win with Your MoneyWant to go ahead and tackle your big marriage and money goals? Here are the resources we mentioned in today's episode along with some extras!
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Jumpstart Your Marriage and Your Money
- 5 Days to $5K
- Annual Credit Report: Free way to review each of your credit reports
- Credit Report Dispute Templates
Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!
We've been members for years and love their service and competitive rates on checking and savings accounts!
Rollover Your 401(k) Easily with CapitalizeWe’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier.
Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years.
And because of the Great Resignation, you or someone you know might be changing jobs even more
It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?
One huge benefit with an IRA is you get to choose how your money is invested, not your old employer.
If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.
With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf.
Find out how and get started today!
Support the Podcast!If you enjoyed this episode and found it helpful, here are some ways to support it.
- Spread the word. If you have friends who could boost their savings, please share this episode with them on social media or just email the link!
- Leave a review. Every review helps! Please share your honest feedback on Apple Podcasts or Stitcher.
- Visit our Couple Money Toolkit for more info on available apps, tools, and services to master your money together.
- Become a Patron.
The music today was provided by various artists over at Audiio.