• What Every Financial Beginner Needs to Know About Money

  • Jan 7 2025
  • Length: 1 hr and 8 mins
  • Podcast

What Every Financial Beginner Needs to Know About Money

  • Summary

  • Money feels overwhelming? Tamar Snyder Chaitovsky shares tips on saving, budgeting, Roth IRAs, and the 50/30/20 rule. Learn how to plan, save, and build financial stability in this actionable episode!

    You can reach Tamar at https://www.tamarsnyder.com/

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    00:00 Intro

    01:02 Who Is Tamar Snyder Chaitovsky?

    02:52 Parents Teaching Children About Money

    04:04 Financial Education for Teens

    08:30 Coming Up With Different Term Goals

    10:05 Changing the Mindset of Teens

    10:55 What is Budgeting

    14:19 Needs Vs. Wants

    15:20 How Much Should I Be Saving?

    18:00 How to Practically Budget

    21:21 BitBean

    22:51 Twillory

    24:07 Find What Works for YOU

    25:05 Children & Money

    26:44 Bringing a Spouse Into Money Equation

    30:50 Being on the Same Page as Your Spouse

    32:14 The Magic of Compound Interest

    36:30 Interest Doesn’t Have to be Overwhelming!

    40:52 How to Spend SMARTER

    43:41 You are Influenced by People Around You

    44:35 Colel Chabad

    46:01 The Donors’ Fund

    47:53 Make Sure to Look at All Your Bills

    50:25 Life Insurance for Young Adults Is So Important

    53:42 Health Insurance is Critical

    55:19 Looking at a Paystub

    57:30 FSA vs. HSA

    58:28 What to Keep in Mind When Buying House

    59:28 Paying Student Loans

    1:00:40 Know Your Money Personality

    1:02:23 How to Save Money on Kosher Food

    1:03:44 Contacting Tamar

    1:04:24 Living Smarter Jewish

    1:05:57 Outro

    LINKS MENTIONED:

    • Monarch Money - https://tinyurl.com/MonarchM25

    • EveryDollar - https://ter.li/5cs2h1 (In the first month of using Dave Ramsey’s app, most users cut monthly expenses by nearly 10%. Dang!)

    • Rocket Money - https://www.rocketmoney.com

    • Chase - https://tinyurl.com/ChaseApp25

    • Empower - https://www.empower.com/get-started

    • TillerHQ.com - https://www.tillerhq.com

    • Ally Savings Bank App - https://www.ally.com/

    • Get the LSJ School Curriculum: https://livingsmarterjewish.org/schools

    • TheProject120.org, a crucial life insurance resource

    ✬ Donate Tax-Deductible and Inspire Millions: Your gift of any size enables Living Lchaim to share uplifting & educational content! » https://www.livinglchaim.com/donate

    Need financial guidance? Get help from our friends at https://livingsmarterjewish.org/contact

    WhatsApp feedback to 1-914-222-5513

    All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or personal advice.

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