A recent study says that more people making money in the house might NOT be the best route to more money. What if you had fewer people earning…can the math actually work out that you keep MORE money in your pocket? We’ll discuss on today’s show, featuring our guest contributor, Andy Hill from the Marriage, Family and Money podcast (and of course, the amazing Paula Pant from Afford Anything and hilarious Len Penzo from Len Penzo dot Com). In our headlines segment, we’ll also talk about a new zen budgeting method called Kakebo. What’s it about? Is it for you? We’ll discuss.
In our FinTech Friday segment we chat with Warren Hogarth, from the award-winning Empower app. What’s it all about? How can it help you manage money better? We’ll talk budgeting, money tracking, and more on this free app on today’s show.
We also answer someone’s three-oh call for help to the Blooom hotline. On top of that, we’ll also answer a letter from another listener, share Doug’s trivia, and more.
Thanks to Legal Zoom for supporting Stacking Benjamins. Get your SPECIAL saving by going to LegalZoom.com and entering SB at checkout. LegalZoom, where life meets legal.
Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins as well. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.
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Show Notes:
<> Open
Legal Zoom
Thanks to Legal Zoom for supporting Stacking Benjamins. Get your SPECIAL saving by going to LegalZoom.com and entering SB at checkout. LegalZoom, where life meets legal.
Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.
<>Headline
- Kakebo: how budgeting the Japanese way makes you mindful (and richer) (Get The Gloss)
- Why Two Incomes Aren’t Always Better Than One (Kitces)
<>Today’s Contributors
Andy Hill
Check out Andy’s site at: MarriageKidsAndMoney.com
Follow Andy at: @AndyHillMKM
Check out Len’s site at: LenPenzo.com
Drop a line to at: @LenPenzo
Paula Pant
Check out Paula’s site: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
<> Empower.Me
- Looking for a new money management app? You might want to check out Empower. You can track your spending, account balances, bills and debt, and even cancel unwanted subscriptions all in one place.
<>Doug’s Trivia
- Americans eat more than fifty popped quarts of popcorn per person per year. How many times would all that eaten popcorn per year fill the Empire State Building?
<> Oh, Oh, Oh, I Need Money Help!
Thanks to Blooom for supporting Stacking Benjamins. Get a one month free at stackingbenjamins.com/blooom and enter promo code SB for a month free!
- Derrick wants to know when he should start investing in a traditional 401k versus a Roth.
<> Letters From the Mailbag
- Kelly wants to know if her parents in their 60s should buy their home in cash, or take out a mortgage.
Join Us Monday
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