Our experts from New Perspectives discuss with our MPB host ways to cut expenses from your life.First: start by tracking your spending habits.Next, get on a budget.When looking to cut expense, re-evaluate your subscriptions.Utility and specifically electric use are large portions of the average household budget. The food budget is usually a pretty big part of a budget. If you’re looking to cut expenses, make it harder to spend money.( didn’t get to: Your insurance payments may be taking up more of your budget than needed.Sometimes cutting expenses means more drastic measures.Look at housing costsSometimes vices or bad habits are putting a drain on your wallet.A very drastic measure to save money might be have a family member live somewhere else – such as a pet. Also look at gift giving options, organized children’s activities, and personal grooming.)Websites to look at:https://www.debt.org/blog/how-to-cut-expenses/https://www.thesimpledollar.com/save-money/trimming-the-fat-forty-ways-to-reduce-your-monthly-required-spending/ See acast.com/privacy for privacy and opt-out information.

Money Talks

Money Talks: Cutting Expenses

Guest: Charles Mortimer, Owner/Manager at Windsor Properties of MississippiHow to make money from real estate?How to include property in your investment portfolio?Home ownershipRental propertiesFlipping housesReal Estate Investment GroupsReal Estate TrustsOnline Real Estate platforms See acast.com/privacy for privacy and opt-out information.

Money Talks: Real Estate Investment

Our experts from New Perspectives https://www.newper.com/ help us learn all about CDs.Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute.What is a CD?When is opening a CD a good idea?Is a 6-month CD at one institution identical to another?Where can you buy one?What’s the minimum or maximum for putting money into a CD?Do you earn a higher rate of return if you put in more money?Do CDs ever “go on sale”?How safe are CDs?Can you ever get out of a CD early?What are: Bump-up, Add-on, No penalty, Jumbo, IRA, and Callable CDs? See acast.com/privacy for privacy and opt-out information.

Money Talks: CDs

Details to come! See acast.com/privacy for privacy and opt-out information.

Money Talks: November Open Topic

Listeners discussed: how to choose an advisor http://moneytalks.mpbonline.org/episodes/money-talks-choosing-a-professionalWhy she didn't shop at a particular storeWhat is fiduciaryconsumer economyclimate changethank youfair tradeanuityDo you think about this before you make purchaes:Environmental impact of what you buy – single use vs reusableImpact of what it’s made from – petroleum products vs made from recycled materialsImpact of how it’s made – child labor vs army labor vs well paid workersWhere’s it’s made – USA vs over seasPackaging – incased in disposable material vs bulk and bring your own containerCompany that makes the product – social philosophy of CEO, politicians they endorseTreatment of animals – made of or tested onAre you willing to pay more for one item over another based-on Ethics?Want vs need. Are you buying on purpose or out of habit? Money stays with you or goes to a company that you may not agree with their philosophyRather than “buying” things new buy: Secondhand, Swap, Trade, Repurpose to minimizes the amount of junk that makes its way into landfills, minimizes the number of new items being produced and minimizes your own expense. http://moneytalks.mpbonline.org/episodes/5cd31f1533f6c1be55607d58Will I use social media or tell my family why I choose one company over another to encourage them if they share your beliefsSuggestions:Focus on the business you use most frequently – where do you spend the most money? Learn about that company / organization3 Tips to help you be Money Mindful: 1) Keep a Money Diary 2) when you want to make an impulse purchase take 5 deep breaths to take yourself out of the “impulse moment” 3) keep your credit cards at home and only take them out with you when you plan to make a purchaseWake up and pay attention to what you spend your money onEducate yourself on companies and their practices. Learn about movements that interest you and follow their practices.Read labels on products and use your gut instinct. Talk to local business owners. Donate to organizations that fight for ethics you believe in.Volunteer for groups that think the same way you do.Support politicians who have views in line with your own. Information:When you see a product with the Fair Trade Certified seal, it was made according to specific social, environmental, and economic standards. These products are available for purchase at Kroger, Target, Sam’s, Amazon, and other popular retailers.  https://www.fairtradeamerica.org/Socially responsible investing (SRI) is an investing strategy that strives to generate both ethical change and financial returns for an investor. Socially responsible investments often include companies making a positive sustainable or societal impact.https://www.moneyunder30.com/mindfulness-can-help-you-save-moneyhttps://www.thesimpledollar.com/financial-wellness/shopping-ethically-without-breaking-your-budget/https://www.fairtradecertified.org/productshttps://www.ecowatch.com/shopping-ethically-2637784366.html?rebelltitem=6#rebelltitem6https://medium.com/naturehub/what-is-a-conscious-consumer-and-why-does-it-matter-4b7a14ca08fchttps://qz.com/920561/conscious-consumerism-is-a-lie-heres-a-better-way-to-help-save-the-world/https://growensemble.com/conscious-consumerism/https://www.nerdwallet.com/article/investing/socially-responsible-investinghttps://brainymoney.com/money-mindfulness-tips-to-stay-on-track/ See acast.com/privacy for privacy and opt-out information.

Money Talks: Money Mindfulness

The Top 7 Retirement Concerns for Americans in 2020 from MoneyTalkNews (no relation!) from  Retirement Confidence Index from SimplyWiseSocial Security will be gone: AARP articleOutliving savings: How to calculate RMD article and IRS 2020 rules on RMDsPaying medical bills: https://www.medicare.gov/ Health Savings Account infoPaying daily living expensesNot being able to retire at all How Work Affects Your Benefits from SSA Early withdrawal of 401K infoHaving too much debt: suggestions on paying off debtFeeling bored or lonely See acast.com/privacy for privacy and opt-out information.

Money Talks: Retirement Concerns

Factors to take into consideration when deciding to give someone money:·      Fees, Speed, Sending amount, Where the recipient is located, Security, access to actual cashhttps://www.npr.org/sections/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economyhttps://www.mic.com/articles/192848/4-reasons-to-always-carry-cashhttps://www.usbank.com/newsroom/news/digital-payment-platforms-primed-to-topple-cash.htmlhttps://www.cnbc.com/2019/01/15/more-americans-say-they-dont-carry-cash.htmlhttps://www.nerdwallet.com/blog/banking/faq-send-money-individual/https://www.gobankingrates.com/making-money/business/9-ways-transfer-money-friends-family/1.   Cash – easiest and most obvious.       a.   About 3 in 10 Americans said they make no purchases with cash in a typical week. b.   In a survey of more than 2,000 Americans, U.S. Bank found that 50 percent of respondents said they carry cash with them less than half of the time they are out. c.   More than 1 in 10 millennials use their digital wallet for every purchase. d.   Adults with an annual household income of over $75,000 were more than twice as likely as those making less than $30,000 to say they do not make any purchases using cash in a typical week.2.   Bank Transfer       Banks electronically transfer money via ACH. Although some charge fees for a bank transfer, many banks let you transfer money for free to other accounts. Sending a wire transfer through your bank might be the best way to send a large amount quickly. Generally $2,000 to $10,000 per transfer, and delivery can take multiple days.3.   Online Bill Payment       Although online bill payment is geared toward recurring payments, like monthly utility bills, it also works for one-time payments. Your bank will outline how to send money through its online bill payment system; the process typically involves logging onto the bank website, filling out the amount of money you wish to send and the recipient’s information, and authorizing the payment to be mailed out or transferred electronically.    Transfers from banks to banks:4.   Zelle    Account holders at banks that are part of the clearXchange network can take advantage of the new Zelle app, which allows you to to securely send money to others by using your bank’s mobile app. With Zelle, users just need a mobile phone number or an email address to send money to their intended recipient. No account information is shared when you send money; the program will only use your email or mobile phone number to send or receive money to or from your bank account.5.   Popmoney  Popmoney offers one of the easiest ways to send money via mobile devices or email if you have an account at a participating bank. You can send money for free if a Popmoney user sends you a request. Otherwise, it’s only 95 cents if you initiate the transfer.Non-bank transfers:6.   Walmart-2-Walmart: Walmart is cheaper than traditional money transfer companies, such as Western Union and MoneyGram. You can send to one of the thousands of U.S. Walmart stores, where a recipient can pick up the money within minutes. The maximum you can send is $2,500, and costs can reach up to $16.7.   Person to Person apps - limit how much you can transfer. Examples are Square cash, Venmo – owned by PayPal, Facebook Messenger, Google Wallet, Dwolla8.   International money transfers options:  When you make a transfer abroad, you generally encounter two costs: the upfront fee and the foreign exchange margin, or the markup on the exchange rate financial institutions use when transferring money among themselves. Consider both fees to find the best deal.a.   TransferWise or OFX for free servicesb.   Xoom, a PayPal division and MoneyGram are fast optionsc.   Western Union  The biggest money transfer company worldwide, Western Union also has a sizable range of transfer options. On the provider’s price estimator tool online, you’ll see almost a dozen combinations of sending channels, payment methods and delivery options. You can send money from the Western Union website or its mobile app, and you can use a bank account, debit card or credit card — or send from a nearby agent location using cash.   The transfer giant’s physical network covers over 200 countries and territories and more than half a million locations globally. See acast.com/privacy for privacy and opt-out information.

Money Talks: Transferring Cash ENCORE

On this open topic show we discussed: stocksjobsonline sales holidaysstimulus checkseducational information about your budget, an emergency fund, and car buyingthe Mississippi lotterytaxes and governmentloss and gainsIRA withdrawalsHere are some links to additional information:https://www.amazon.com/primedayhttps://blackfriday.com/news/walmart-big-save-event-salehttps://www.target.com/c/deal-days/-/N-xgoljhttps://treasury.ms.gov/for-citizens/financial-empowerment/for-individuals-families/https://www.irs.gov/newsroom/irs-to-mail-special-letter-to-estimated-9-million-non-filers-urging-them-to-claim-economic-impact-payment-by-oct-15-at-irsgovhttps://www.mslotteryhome.com/instantgames See acast.com/privacy for privacy and opt-out information.

Money Talks: October Personal Finance

Guests: Frank Coxwell and Rachel Coxwell from Coxwell Attorneys PLLC https://www.mississippibankruptcyhelp.com/We discuss what to do before you even think you might need to file for bankruptcy. Bankruptcy isn't as detrimental to your credit score or your reputation as you may think, suggests our guests.If you think bankruptcy might be on the table – now or in the future – there are 12 things you need to know now. https://www.mississippiconsumerhelp.com/12-things-you-need-to-know-now/According to our guests, bankruptcy is the most beneficial to you if you file before you lose everything or deplete your savings and retirement accounts. Why You Should Not Wait To File Bankruptcy https://www.mississippibankruptcyhelp.com/why-you-should-not-wait-to-file-bankruptcy.htmlCalls concerned:bond index fundsWild Card exemptionsContractors and foreclosures See acast.com/privacy for privacy and opt-out information.

Money Talks: Bankruptcy

Guests: Jackie Turner, Executive Director and Timothy Rush, Director of Unemployment Insurance from Mississippi Department of Employment Security mdes.ms.govAs soon as you become unemployed, you may file a claim for unemployment insurance benefits online or by calling 601-855-3133 or 1-888-844-3577. MDES takes phone claims Monday to Friday 7am to 7pm. You can file claims online anytime on their website.You should be prepared to provide the following information:Your Social Security number,Your complete mailing address and phone number,The names, addresses, and phone numbers for all your employers for the last eighteen (18) months,The dates you worked and the reason you left each employer.Alien Registration number or Visa number, if you are not a U.S. Citizen.ReSkillMS is a new program designed to help individuals adversely affected by the COVID-19 pandemic find jobs with better wages and also help support employers who want to hire and train new employees on the job. ReSkillMS.comThe “Mississippi Library Association’s Map of Free Wi-Fi Hotspots Across the State”.  website MDES went from processing 800 claims per week to 5,000 per week to 45,000 claims per week.Topics discussed:phishing scamsfinancial market behaviornational unemployment going downMDES's computer systemself employed wagesPandemic Employment AssistanceLost Wages Assistance - distribution is on hold now. FEMA funds being used for other emergenciesappeals processcertificationfurloughed See acast.com/privacy for privacy and opt-out information.

Money Talks: MDES

Guest: Mississippi Treasurer David McRae https://treasury.ms.gov/Find Unclaimed Property https://treasury.ms.gov/for-citizens/unclaimed-property/ Learn ways to prepay college tuition or save for college https://treasury.ms.gov/for-citizens/college-savings-mississippi/What's an ABLE Account? https://treasury.ms.gov/for-citizens/able-savings-program/Find the MS Office of the Treasurer in the Trade Mart at the upcoming 2020 Mississippi State Fair October 7th through the 18th https://www.mdac.ms.gov/bureaus-departments/state-fairgrounds/fair/ See acast.com/privacy for privacy and opt-out information.

Money Talks: Treasurer David McRae

Our experts from New Perspectives teach us what the S & P 500 is, what it measures, what's included in it, and how you can buy it.Here is the website for the S & P 500 See acast.com/privacy for privacy and opt-out information.

Money Talks: S and P 500

Money Talks expert host Dr. Nancy Lottridge-Anderson explains a stock split.Listen to this podcast or watch the video https://youtu.be/LuWyZabCSKA See acast.com/privacy for privacy and opt-out information.

Money Talks: Apple Stock Split

Expert Hosts are Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute. https://www.newper.com/Office Address:New Perspectives, Inc.303 Highland Park CoveSuite BRidgeland, MS 39157 Phone: 601-991-3158 Fax: 601-991-3168Secure Post Office Box:PO Box 489Tougaloo MS 39174 Nancy: nanderson@newper.comRyder: rtaff@newper.com Calls and discussions about:stock marketpayroll taxescoin shortage - how to turn in coins https://coinstar.com/stimulusbuying cars?wash salesannuitiesshopping on the internetSuggestions on what to Buy in September:older iPhone modelsgrillspatio furniturelawn mowerssummer clothingdenimbicyclesmattress Money Talks: Mattress Buyingappliancesschool supplieshttps://www.nerdwallet.com/blog/shopping/what-to-buy-september/https://fabulesslyfrugal.com/best-things-buy-september/https://www.offers.com/blog/post/what-to-buy-in-september/https://www.retaildive.com/news/the-running-list-of-2020-retail-bankruptcies/571159/ See acast.com/privacy for privacy and opt-out information.

Money Talks: September buys

Guest: Dr. John Green, Professor with the Department of Sociology and Anthropology and Senior Research Associate with the Center for Population Studies both at the University of MississippiTo be counted call the Census before September 31, 2020 at 1-844-330-2020To find out more about the 2020 census please go to their website: 2020census.govWant to play a fun Census game? https://www.census.gov/programs-surveys/sis/resources/games/quiz.htmlMississippi KIDS COUNT is the leading resource for comprehensive information on Mississippi’s children and serves as a catalyst for improving outcomes for children, families, and communities. https://kidscount.ssrc.msstate.edu/The Children’s Foundation of Mississippi is a new, independent operating foundation focused on improving the policies and systems that affect the well-being of children in our state. We were founded in 2019 to serve as a convener, facilitator, advocate, and catalyst for positive change. https://childrensfoundationms.org/ See acast.com/privacy for privacy and opt-out information.

Money Talks: Census

Money Talks focuses on personal finance as it applies to Mississippians. In any given week, we’ll talk about anything from preparing your taxes to saving for college or investing in the stock market. Our experts are Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute. They join Kevin Farrell in the studio to answer your personal finance questions about family budgeting, retirement savings, Social Security, investments, debt management and more. Email the show at anytime at money@mpbonline.org. Money Talks airs Tuesday mornings at 9 Central Time on MPB Think Radio and over the internet at mpbonline.org

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Money Talks

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