It’s an age old question…pay off debt or invest? While we could wax philosophical about which is the right approach, on today’s show we answer a question from a listener about a specific question around this topic. He and his family have a mortgage, but also need more savings for retirement. Which is the right approach for him?
We’ll also answer a question about freezing your credit from Glen. He’s applying for a job and wondering if he should go ahead and freeze his credit or if he should leave it open for when his company completes the inevitable credit check.
Also, in our special guest spot, we’ll talk about HoneyFi! If you’re in a relationship and want a financial app that’s been designed from the ground up, you’ll want to listen to today’s featured FinTech segment.
Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.
Thanks to LinkedIn for supporting Stacking Benjamins. Go to LinkedIn.com/SB and get a $50 credit toward your first job post.
Check out Paula’s site at: AffordAnything.com
Say hi to Paula: @AffordAnything
Say hello to Len Penzo on Twitter: @
Check our Greg’s site: Control Your Cash
Read Greg’s awesome book: Control Your Cash
Ramy Serageldin, creator of HoneyFi
We’ve stressed more than a couple of times the importance of weekly money meetings with your significant other. But we all love a good app to make things easier don’t we? HoneyFi promises to do just that. Check them out with the links below.
Learn more about HoneyFi: HoneyFi.com
Have some questions? Tweet them at: @honeyfiapp
- How many of the continents can grow pumpkins?
<> Mom’s voicemail
Prepare your kids for a world of money based on plastic. Track their spending, help them learn about interest and appreciation, even shut off their card if necessary. Learn about pre-paid debit cards and financial tools to prepare kids for the financial jungle.
- Glen has his credit frozen right now, but he is about to go job hunting. Should he unfreeze his credit?
<> Letters From the Mailbag
- Vincent wants to know more about getting a 30-year mortgage, but paying it on a 15 year payment plan.
<> Join Us Monday
We’ll be taking a much needed rest after Fincon this week, but that doesn’t mean the podcasts stop. We’ve already called Griffen the Intern, and he’ll be skipping first period to get you a special rewind episode. Tune in!