Money Elementary

In this episode of Money Elementary, Heidi, Vanessa, and MEIA break down the tangled mess of inflation, recession, and stagnation using real-life examples and a sizzling restaurant analogy. MEIA explains how what feels like “just higher prices” is actually a warning sign of deeper economic shifts. They uncover how tariffs sneak up on your wallet, why fewer jobs and flat wages aren’t just bad luck, and what smart moves to make right...

In this episode of Money Elementary, Heidi, Vanessa, and MIA spill the chisME on how the Federal Reserve is quietly running the economy like a behind-the-scenes boss. MIA breaks down how interest rates, bond expirations, and the Fed’s cookie-stashing ways are either feeding or starving the economy. From loan shortages to recession red flags, the trio unpacks what it really means when the Fed tightens—or decides to ease up. But don’...

In this episode of Money Elementary, Heidi, Vanessa, and MEIA spill the chisme on why the U.S. economy just shrunk for the first time in years. MEIA breaks down how panic over tariffs led to a flood of imports, which dragged down GDP like a bad breakup. From rising prices to shrinking paychecks, the trio unpacks how this economic drama affects your day-to-day life. But don’t worry—MEIA drops survival tips like side hustles, saving,...

In this episode of Money Elementary, Heidi, Vanessa, and MEIA break down the political novela that is the “Big Beautiful Bill.” MEIA dishes on how the bill promises tax cuts, border spending, and energy shakeups—but also slices away at social programs, sparking some serious side-eye from Democrats. Heidi wonders if it’s a power move or a financial facepalm, while Vanessa’s trying to figure out if her paycheck just got ghosted. Mean...

In this episode, we join our ghostly friends, June and Sam, as they humorously navigate the pitfalls of estate planning from beyond the grave. Through their playful banter and enlightening analogies, they highlight the importance of having a well-documented estate plan to avoid family drama and legal nightmares. Tune in to hear their spooky yet insightful advice on wills, trusts, probate, and more. Don’t miss this entertaining and ...

In this episode, we explain IRAs using the classic game of Monopoly as an analogy. We explain how a Traditional IRA allows you to defer taxes until retirement, like collecting rent and keeping all your earnings during the game. In contrast, a Roth IRA requires paying taxes upfront but offers tax-free withdrawals in retirement. We also explore the history and benefits of both types of IRAs, highlighting key scenarios to help you dec...

In this episode, we explore the world of Roth 401(k)s, using the analogy of buying a rare Pokémon card on layaway to explain how this retirement plan works. We break down the benefits, comparing it to traditional 401(k)s, and explore the history, contributions, and tax implications. Vanessa and Heidi share personal anecdotes and provide actionable advice on managing deductions, understanding employer matches, and planning for a tax...

In this week's episode, Heidi and I, Vanessa, take you on the ULTIMATE REEEECCAAPP of the season. We dive deep into the heart of financial literacy, revisiting the personal finance foundation topics that should be ingrained in your head, like enhancing your credit score, mastering your lifestyle changes (formerly known as budgeting) techniques, and navigating the complex processes of purchasing your dream car and home. Remembe...

Through the maze of home-buying in "Money Elementary, Part 3: Baking Your Home Sweet Home," we dive deep into the essentials of the home-buying process. From understanding the roles and fees of key players like realtors, lenders, and inspectors to exploring free educational resources on Eventbrite.com, we equip you with the knowledge to navigate this journey smoothly. Plus, we mix in a delightful twist by sharing a mouth-...

In this enlightening episode of "Money Elementary," we guide you through the intricacies of home buying in "Home Part 2: Light at the End of the Home Buying Tunnel." We delve into the crucial steps every aspiring homeowner must take, from selecting the right realtor to understanding the financial aspects of purchasing a home. We also highlight invaluable resources from the US Department of Housing and Urban Deve...

In today's episode 8, "Buying a House: One Size Does Not Fit All," we dive into the complexities of purchasing a home amidst economic challenges. With rampant inflation and fluctuating interest rates, we explore how to navigate the housing market. We examine mainstream financial advice, debunk myths, and provide practical tools like Zillow for home searches. Our journey includes understanding home layouts, the import...

In this enlightening "Money Elementary" episode, "Finding the Field of Flowers," we delve into the nuances of car buying. From initial experiences of purchasing cars as inexperienced buyers to mastering dealership negotiations, we share personal anecdotes and invaluable tips. The episode offers a candid look at the pitfalls of car buying, emphasizing the importance of maintenance and ethical dealings. They also ...

Today's episode of Money Elementary, titled 'Points, Protection, Perks: Unpacking Credit Card Benefits,' dives into maximizing credit card benefits. We discuss rewards systems that can be compared to Chuck E. Cheese's point system, offering savvy insights into reward strategies. We cover credit card comparisons, highlight zero-interest intro offers, and emphasize credit card security over debit cards. We also ex...

In Episode 5 of Money Elementary, Heidi and Vanessa delve into the intriguing realm of credit card interest rates, specifically APR, offering valuable insights and tips. Join us as we decode a credit card offer, using a thought-provoking analogy to illustrate the significance of managing your credit card balance wisely. Discover the impact of daily compounded interest, learn how to choose the right credit card, and explore factors ...

In this lively script, Heidi and Vanessa dish out some spunky financial wisdom on credit cards. They jazz up the conversation with anecdotes, urging listeners to be groovy and ready before swaying into the credit card dance. They shimmy through the importance of APR, compound interest, and various fees, infusing the discussion with a funky beat. The dynamic duo wraps it up with a lively routine on preventing missed payments, encour...

In the third episode of "Money Elementary," aka ME, hosts Heidi and Vanessa dive into the intricacies of checking and savings accounts, emphasizing the importance of exploring various banking options. The episode highlights the value of comparison shopping in banking, like we do for car insurance, credit cards, or other expenses. The conversation then steers towards savings accounts, contrasting traditional accounts from ...

Step into Money Elementary, where your hosts Heidi Castillo and Vanessa Hernandez guide you through the realm of personal finance. In this episode, we delve into the actual budget of our listener, Alice, exploring topics like overdraft fee forgiveness and conducting real-life budget analyses. Gain valuable insights and practical tips as we adopt a fresh perspective on discussing finances, dispelling budget myths, and revealing clev...

Welcome to Money Elementary, hosted by Heidi Castillo and Vanessa Hernandez. This podcast takes you on a journey through the world of personal finance.  On today's episode, there is a special focus on your credit score—a critical financial report card. Heidi shares unique insights from her family's financial experiences, and Vanessa candidly discusses her credit score journey, aiming for excellence. Each episode dives dee...