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    Business

    NerdWallet’s Smart Money Podcast

    NerdWallet’s trusted finance journalists answer real-world money questions to help you make smarter financial decisions with confidence.

    Each episode dives deep into topics like budgeting, saving, investing, home buying, and credit cards, cutting through misinformation to bring you clear, actionable advice backed by thorough research.

    By the end of every episode, you’ll have the latest financial insights and the tools you’ll need to manage your money wisely, build wealth, and plan for life’s milestones. And if you have questions for the Nerds, you can leave them a voicemail at 901-730-6373.

    Join hosts Sean Pyles, CFP®, Elizabeth Ayoola, and other expert Nerds as they answer your biggest money questions and share strategies to help you build wealth and reach your financial goals, including:

    – Investing: Advanced investment strategies, integrating ETFs and mutual funds into a diversified portfolio, tax-efficient retirement planning, understanding Roth IRA conversions, and navigating robo-advisors.

    – Credit Cards: Top credit cards for travel rewards and luxury perks, balance transfer strategies, maximizing credit card points, and optimizing credit card usage to boost your credit score.

    – Personal Finance: Advanced budgeting tips, building generational wealth, creating effective savings plans, managing high-income expenses, and developing a strong money growth mindset.

    – Home: Smart strategies for homebuying in competitive markets, leveraging home equity loans and HELOCs, refinancing for long-term savings, first-time homebuying tips, and budgeting for major home improvements.

    If you’re searching for the best personal finance podcasts or want practical knowledge to make smarter money decisions, then follow NerdWallet’s Smart Money Podcast.

    You’ll love NerdWallet’s Smart Money Podcast if you like podcasts like: Planet Money, The Personal Finance Podcast, DIY Money, Afford Anything, How to Money, The Ramsey Show, Money Rehab with Nicole Lapin, NPR’s Life Kit: Money, Popcorn Finance, Money Girl,Money Guy Show, Everyone’s Talkin’ Money, So Money with Farnoosh Tarabi, The Money with Katie Show, All the Hacks with Chris Hutchins, The Stacking Benjamins Show, MoneyWatch with Jill Schlesinger, or Your Money, Your Wealth.

    NerdWallet Compare, Inc. NMLS ID# 1617539 NMLS Consumer Access: http://www.nmlsconsumeraccess.org/

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    Latest Episodes:
    How to Overcome Common Psychological Financial Mistakes: Framing, Loss Aversion, and the Gambler’s Fallacy Apr 15, 2024
    Show notes

    Learn how to control your behavioral economics biases and whether it’s ever worth it to use a credit repair service.

    00:58 Behavioral Economics Biases: How can you master the psychology behind your financial decisions? Are credit repair services really worth the investment? Hosts Sean Pyles and Sara Rathner discuss behavioral finance biases to help you understand the psychological factors that influence your financial choices, including loss aversion, framing, and the gambler’s fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances. They share tips and tricks on matching investments with your time frame and risk tolerance, resisting the influence of framing on your choices, and avoiding frequent checks on market fluctuations.

    10:14 Today’s Money Question: NerdWallet credit writer Amanda Barroso joins Sean and Sara to answer a listener’s question about credit repair services. They explain the purpose and costs of credit repair services, the red flags that indicate a scam, and how you can manage your credit yourself effectively for free. They also tackle the pressing question of whether credit repair services can actually improve your credit score. Their conversation explains strategies for DIY credit repair, the importance of identifying and disputing inaccuracies on credit reports, and the role of credit counseling agencies for personalized financial planning.

    In their conversation, the Nerds discuss: financial psychology, credit repair services, behavioral finance, credit score, credit health, financial decisions, investment strategies, credit bureaus, credit report, risk tolerance, financial goals, money management, credit repair companies, credit repair scams, Daniel Kahneman, loss aversion, credit improvement, credit counseling, credit repair costs, DIY credit repair, financial biases, credit repair tips, financial success, wealth management, behavioral biases, credit report disputes, credit repair agencies, framing effect, credit utilization, portfolio performance, negative information credit, financial planning, and managing credit.

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    How To Guard Against Cyber Fraud: Essential Steps to Protect Your Identity Apr 11, 2024
    Show notes

    Explore how to protect yourself from identity fraud, understand its emotional toll and learn fraud recovery steps.

    How can you protect yourself from identity theft and fraud?

    What steps should you take if you become a victim of financial fraud?

    Hosts Sean Pyles and Sara Rathner delve into the unsettling world of identity theft and fraud prevention to help listeners safeguard their finances and wellbeing. They begin with a discussion on the various facets of identity theft, with tips and tricks on identifying fraudulent activity, enhancing personal banking security and dealing with the aftermath of having your identity compromised. Then, they discuss the differences between identity fraud and scams, the importance of good cyber hygiene, and the steps to take immediately if your personal information is breached.

    Sean also speaks with John Breyault, Vice President of Public Policy, Telecommunications and Fraud at the National Consumers League, about the current trends in identity theft and the forms of fraud that are on the rise in 2024. They cover topics such as new account fraud, the impact of zero-day vulnerabilities on personal data security and the necessity for consumers to stay vigilant with software updates and report incidents promptly. They also explore how victims can navigate the process of recovering from fraud, including freezing credit reports, changing passwords, and engaging with financial institutions and law enforcement to document the crime and seek restitution.

    In their conversation, the Nerds discuss: identity theft, fraud prevention, financial fraud, cyber security, bank account fraud, scams, identity fraud, data breach, zero-day vulnerabilities, credit report freeze, two-factor authentication, artificial intelligence, online banking security, phishing, cyber criminals, emotional impact of fraud, credit card fraud, fraud alerts, financial wellbeing, scam awareness, cyber hygiene, consumer protection, financial predators, cyber theft, financial crime, financial education, cyber vigilance, fraud recovery, financial security, scam prevention, identity protection, personal finance, cyber fraud, bank fraud, fraud detection, identity theft awareness, and fraud restitution.

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

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    Summer Travel Insights: Maximize Your Vacation Budget Apr 10, 2024
    Show notes

    Unlock insights on vacation spending to leverage summer travel trends, and dive into the latest employment report.

    Planning to travel this summer? In this episode of NerdWallet’s Smart Money podcast, hosts Sean Pyles and Anna Helhoski delve into the world of summer travel. They discuss the key findings from NerdWallet’s 2024 Summer Travel Report, revealing insights into Americans’ vacation plans and expected spending. NerdWallet travel rewards expert Sally French joins them to dissect the latest trends in airline fees, price fluctuations, and factors influencing travel decisions. Whether you plan on traveling across the globe, or staying local, understanding summer trends can help you optimize your travel planning.

    Later in this week’s Money News roundup, Sean and Anna cover the latest money headlines, including the March employment report and a new student loan relief program. From travel and job market trends to initiatives aimed at reducing student loan debt, this episode highlights some evolving aspects of the American financial landscape.

    In their conversation, the Nerds discuss: summer travel, vacation spending, travel trends, money news, airline fees, travel expenses, travel insights, travel decisions, travel tips, travel rewards, employment report, job market trends, student loan relief, student loan debt, financial developments, personal finance, summer vacations, travel planning, inflation impact, travel industry, airline pricing, travel costs, budgeting tips, financial decisions, economic indicators, financial trends, travel research, travel data, travel analysis, vacation budget, travel hacks, budget travel, money management, financial advice, money-saving tips

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    How to Own a Home: Strategies for Buying, Selling, and Improving Apr 08, 2024
    Show notes

    Get a comprehensive breakdown of strategies for buying, selling, and improving homes in our homeowners lightning round.

    00:42 This Month’s Nerdy Question: What’s the best thing you spent your money on this month? Hosts Sean Pyles and Sara Rathner kick off a new segment by sharing some of their recent purchases, in a new segment designed to encourage you to think about your consumption habits.

    08:24 Today’s Money Question: Should you shop around for a title agency? What are the pros and cons of owning a second home? What’s the ROI for home improvement projects? What are the financial implications of using retirement funds for home improvements? Housing Nerd Kate Wood joins Sean and Sara to delve into the complexities of the homebuying process, financing home upgrades, and leveraging home equity. They discuss the risks and strategies associated with using home equity for investing in real estate, the importance of an emergency fund when becoming landlords, and the alternatives to using retirement savings for home improvements.

    In their conversation, the Nerds discuss: homeownership, smart home investments, title insurance, home equity, real estate investments, financial security, home improvement financing, title agencies, home disasters, buying a home, home equity loans, home equity line of credit (HELOC), cash-out refinancing, real estate game, emergency funds, home buying process, navigating title agencies, financial planning, home maintenance savings, intentional purchasing, home renovations ROI, anti-overconsumption, plumbing repairs, tax lien, closing costs, home buying in 2024, second property investment, becoming a landlord, IRA withdrawals, real estate attorney fees, escrow services, lender's title insurance, owner's title insurance, home value increase, property investment risks, buying second home, home buying expenses, mortgage application, real estate market trends, and decision fatigue.

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Things You Can Do Right Now to Protect Yourself from Identity Theft Apr 04, 2024
    Show notes

    Learn how to protect your identity from theft and fraud by understanding how criminals are exposing authentication flaws.

    How can you protect yourself from identity theft and financial scams?

    What steps should you take if your identity has been compromised?

    Hosts Sean Pyles and Sara Rathner discuss the pervasiveness of identity theft and practical defense strategies to help you safeguard your financial well-being. They begin with a discussion of protecting yourself from identity theft, with tips and tricks on setting up fraud alerts, freezing your credit and using unique passwords with the aid of password managers.

    Then, Eva Velasquez joins Sean to discuss the nuances of authentication and identity theft. They discuss the challenges businesses and individuals face in verifying identities online, the misuse of social security numbers and the rise in data breaches, particularly in the healthcare sector.

    Plus: the alarming increase in data breaches in 2023, the importance of questioning every suspicious communication you receive, and the necessity for public and private organizations to refine their authentication methods.

    In their conversation, the Nerds discuss: identity theft, financial scams, data breaches, cyber security, credit freeze, fraud alert, authentication, online identity, personal data protection, cybercriminals, financial fraud, password managers, financial well-being, data security, impostor scams, phishing, identity fraud, scam prevention, credit monitoring, sensitive information, identity protection, financial instruments, identity thieves, scam victims, credit card fraud, loan fraud, biometrics, cybersecurity strategies, data privacy, digital financial transactions, identity theft resource center, federal trade commission, IRS IP PIN, financial defense, digital predators, financial peace of mind, consumer protection, scam recovery, safeguarding data, and financial education.

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Decoding Economic Health: Inflation, Growth, and Employment Trends Apr 03, 2024
    Show notes

    Explore the latest on inflation, employment, and growth trends, and what it means for the future of the US economy.


    How is the economy doing right now and what does it mean for inflation, growth, and jobs? What do recent credit card settlement news and updates on inflation rates mean for your finances? Hosts Sean Pyles and Anna Helhoski delve into the current state of the economy, dissecting the latest data on inflation, growth, and employment. Joined by NerdWallet data journalist Elizabeth Renter, they explore how the economy is faring amid ongoing challenges. From the robust labor market and its impact on wages to the intricacies of inflation and its implications for consumers, they provide insights into the broader economic landscape. They seek to give listeners a deeper understanding of key economic indicators and how they could shape your financial decisions.


    Then, in this week's Money News roundup, Sean and Anna discuss a credit card settlement potentially affecting premium reward cards, updates on inflation rates, and the legacy of Daniel Kahneman, a pioneer in behavioral finance.


    In their conversation, the Nerds discuss: the economy, inflation, growth, employment, credit card settlement, financial decisions, consumer confidence, labor market, wage growth, Federal Reserve, interest rates, GDP, economic indicators, Daniel Kahneman, behavioral finance, money news, consumer spending, unemployment rate, inflation rates, market value, price growth, Federal Reserve interest rates, economic outlook, GDP growth, consumer sentiment, labor supply, labor demand, price levels, real GDP, swipe fees, interchange rate, rent inflation, housing prices, annual rate, economic landscape, economic data, macroeconomic phenomena, economic trends, and money headlines.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.



    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Diversify Your Portfolio: A Guide to Roth vs. Traditional Retirement Accounts Apr 01, 2024
    Show notes

    Learn to maximize retirement savings with tax diversification by balancing your Roth and traditional IRA contributions.

    00:27 This Week in Your Money: What are expense ratios? How do you decide between a Roth and traditional 401(k)? Hosts Sean Pyles and Sara Rathner discuss understanding investment terms and retirement account options and strategies to help you understand how to make more informed and beneficial financial decisions. They begin with a new segment called Nerdy Vocab, in which they explain tips and tricks on recognizing how expense ratios affect your investments. They offer clarity on how fees can eat into your returns, explain how to utilize tools like the FINRA Fund Analyzer, and explain considerations for selecting cost-effective funds.

    09:27 Today’s Money Question: NerdWallet writer Alieza Durana joins Sean and Sara to help answer a listener’s question about how to decide between investing funds in a Roth versus a traditional 401(k). They discuss the tax implications of different retirement accounts, how to harmonize retirement savings with other financial priorities, and the importance of tax diversification in an investment strategy. Their discussion covers the tax benefits of traditional and Roth 401(k)s, IRAs, and HSAs, and the importance of balancing retirement contributions with immediate financial needs like debt and emergency funds.

    In their conversation, the Nerds discuss: retirement savings, investment fees, Roth 401(k), traditional 401(k), expense ratios, IRAs, retirement planning, maximize returns, minimize fees, financial planning, nest egg, investment strategies, tax diversification, employer match, retirement accounts, mutual funds, exchange-traded funds, passively managed funds, actively managed funds, FINRA Fund Analyzer, tax benefits, contribution limits, debt management, emergency funds, capital gains, tax-free withdrawals, tax implications, asset allocation, rebalancing your portfolio, tax season, pre-tax contributions, and after-tax contributions.

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Plan Your Next Cruise: Tips on Booking, Excursions and Entertainment Mar 28, 2024
    Show notes

    Explore the ins and outs of planning a cruise, from choosing the right trip to coordinating on-board activities.

    What are the benefits of booking a group cruise for your friends and family?

    What amenities do cruises offer that could make travel easier for you and your group?

    Hosts Sean Pyles and Meghan Coyle discuss how to choose and book the best cruise to help you understand the logistics of planning a group vacation at sea. They begin with a discussion of the advantages and drawbacks of going on a cruise with a group, with tips and tricks on selecting destinations that fit your travel style, managing the financial aspects of shared cruise costs, and utilizing onboard amenities for all age groups.

    Then, Sean and Meghan discuss the ins and outs of cruise excursions and travel tips for groups. They discuss the importance of early reservation for excursions, strategies for avoiding the rush when disembarking at ports, and the value of shared travel experiences for bonding with your party.

    Has this episode given you a travel bug? Then check out our list of the 15 Best Travel Credit Cards of March 2024.

    In their conversation, the Nerds discuss: group cruises, cruise planning, group travel, cruise excursions, booking a cruise, cruise experience, family cruises, cruise ship amenities, group vacations, group cruise booking, onboard activities, cruise ship entertainment options, cruises for seniors, group vacation planning, and travel planning tips.

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Money in Your Pocket: Biden's Bid to Banish College Junk Fees Mar 27, 2024
    Show notes

    Neera Tanden, domestic policy advisor to President Biden, discusses the fight against junk fees impacting college students.


    What hidden “junk fees” are college students facing? How is the Biden Administration addressing fees to make higher education more affordable? Hosts Sean Pyles and Anna Helhoski discuss the Biden Administration's recent efforts to combat junk fees in colleges, from financial products marketed to students like credit cards and bank accounts to textbook costs and unused meal plan dollars. They speak with Neera Tanden, domestic policy advisor to President Biden, about the more than $1 billion annual impact of these fees and the bipartisan support she expects for some of these policies.


    Then, in this week's Money News roundup, Sean and Anna discuss issues with the new FAFSA, the Federal Reserve's latest stance on interest rates, and continuing surge of home sales. Get a comprehensive overview of the latest developments affecting your finances and gain valuable insights to stay ahead in an ever-changing economic environment, whether you're a student navigating the labyrinth of college fees or a homeowner keeping tabs on market trends.


    In their conversation, the Nerds discuss: hidden fees, FAFSA troubles, Federal Reserve, interest rates, housing market, college fees, student finances, financial aid, junk fees, textbook costs, student loans, college expenses, student banking, origination fees, meal plans, tuition bills, open-source textbooks, college affordability, financial literacy, student debt, financial aid applications, existing homes, home prices, National Association of Realtors, mortgage rates, economic indicators, market trends, financial decisions, and personal finance.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.



    Learn more about your ad choices. Visit megaphone.fm/adchoices


    How Secure and Private Are Your Digital Wallet Transactions? Apple Pay, Google Pay, Venmo and More Mar 25, 2024
    Show notes

    Learn the truth behind common credit score myths and get a better understanding of digital wallet privacy and security.

    00:51 This Week in Your Money: Do you need to carry a credit card balance in order to maintain a good credit score? Does checking your credit score hurt your credit? Hosts Sean Pyles and Sara Rathner debunk common credit score myths to help you understand the realities of your credit health. They offer valuable insights into how carrying a balance affects your credit score, the safety of checking your credit score regularly, and the importance of maintaining a history with your credit accounts open.

    09:45 Today’s Money Question: Are digital wallets truly safe and private? Is it safer to pay with a check than online? Sean and Sara discuss the intricacies of digital wallets, explaining the role of tokenization in securing transactions, the importance of phone security features like passcodes and biometrics, and the varying privacy policies of digital wallet providers like Google Pay and Apple Pay. They explain how digital transactions are protected, how to navigate privacy settings in apps like Venmo, and how they’ve used digital wallets in their own lives.

    In their conversation, the Nerds discuss: credit score myths, digital wallets, mobile transactions, transaction tokenization, credit scores, cashless transactions, credit card balance, checking credit scores, Google Pay, Apple Pay, Venmo, Samsung Pay, digital payment options, digital spending, financial reputation, privacy policies, mobile payments, credit card fraud, secure transactions, consumer data, credit utilization, credit history, biometric data, phone locks, digital payment security, financial decisions, credit score improvement, online bill payments, credit card security, payment tokenization, credit bureaus, credit profile, credit card management, digital wallet adoption, credit score factors, cashless convenience, and payment privacy.

    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


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