Jen Smith is a co-host of the Frugal Friends Podcast, and author of the book The No-Spend Challenge Guide.
We can often struggle to make big dents in our savings or debt payoff journey which leads to feelings of frustration and defeat. When the small spending changes aren't cutting it anymore, we might consider a no-spend challenge! We've explored doing this for a day, or a week, but on this episode we talk about challenging ourselves to not spend for an entire month! Join us as we explore how 'gamifying' finances can help us achieve the progress in our budgets we so desire!  Sponsors:  Budget Buster Bootcamp! B3 is Jen’s new course designed to help you stick to a budget in just one week. If you find yourself busting your budget every month then you’re definitely going to want to check it out. There are no money saving tips in here, just 5 strategies to think differently about budgeting so you can finally stick to it and do it long term. If you’ve tried budgeting and it just hasn’t worked for you then check out budgetbusterbootcamp.com to learn more and use the code FRIENDS to get 10% off! Spending all the money you saved. Sinking funds are essential to afford big purchases like a home, a vacation, or new windows like we’re getting right now after months and months of putting it off because seeing all that money leave your bank account is really sad. But the energy you waste with paper thin windows from the 50’s is also sad so like there’s no joy here. Spending all the money you saved. I hate to see you leave but I love to watch you lower my energy bill. Notable Notes:We're excited to share this episode from our archives. It was a much loved episode at the time, and we think it has some great reminders that are worth revisiting about how to do a no-spend month! We also want to thank Philo for sponsoring our Bill of the Week! Philo is live and on-demand TV for just $20 a month. It’s a great way to get 60+ popular channels and can save you hundreds a month on TV—it’s the most affordable way to watch at a time when everyone could use  some entertainment in their life! Watch from your phone, laptop, tablet, or TV with Roku, Fire TV, Apple TV, or Android TV; Philo is TV for everyone! Sign up today at philo.tv/frugal and you’ll get 25% off your first two months.  Wrap-up: Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to frugalfriendspodcast@gmail.com. AND share our most recent episode on social for a chance to win a copy of the Frugal Friends Workbook! Thanks for listening! See you next week!
We've all been there; lending to friends and never seeing that money again, 'splitting the bill' when you only got a salad and a water, standing up in a wedding without realizing all the hidden costs. Whatever the situation, setting financial boundaries with friends and loved ones can be tough, but necessary! Today we talk identifying our financial boundary lines and how to draw them. Sponsors:  Budget Buster Bootcamp! B3 is my new mini course designed to help you stick to a budget in just one week. If you find yourself busting your budget every month then I made this course for you. There are no money saving tips in here, just 5 strategies to think differently about budgeting so you can finally stick to it and do it long term. If you’ve tried budgeting and it just hasn’t worked for you then check out budgetbusterbootcamp.com to learn more and use the code FRIENDS to get 10% off! Saying NO: Yup, you’ve heard this sponsor before, and they’re back to remind us that ‘no’ is an acceptable answer AND a complete sentence. Notable Notes: What the Internet has to say: This artcile from Holly Scherer dives into how to set healthy boundaries with your family  What Jen + Jill have to say: What’s mine/what’s not mine - look at the situation simplistically How to identify our boundaries: Brene Brown defines it best as she describes boundaries are essentially “what’s okay and what’s not ok” More from the Internet: This article from Workable Wealth describes how we can set money boundaries with friends  More from Jen + Jill: Identify the various types of 'financial frenemies' you're dealing with Have a strategy for supporting friends BILL OF THE WEEK - Thank you Ally for sharing your bill with us about duck bills!! If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill This Bill of the Week is brought to you by BetterHelp. BetterHelp offers online counseling and therapy services for individuals, couples, and teens. Just answer a few questions and they’ll  assess your needs to match you with a licensed professional therapist that fits your needs and preferences. AND as a Frugal Friends listener you get 10% off your first month when you sign up at betterhelp.com/Frugal.  Lightning Round Our financial boundary stories  Jen- bridesmaid, bridal shower cost Jill - boating (speaking expectations), helping someone move Wrap-up: Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to frugalfriendspodcast@gmail.com. AND share our most recent episode on social for a chance to win a copy of the Frugal Friends Workbook! Thanks for listening! See you next week!
As frugal folk, we're always interested in finding ways to save money and spend less - which is why we are thrilled to have Lisa Rowan on the show to talk about some lesser known 'hacks' to both save and earn money! Sponsors:  The Frugal Friends Workbook! Whether you’re new to budgeting or trying to reach a big financial goal and need something to motivate you, you’ll enjoy The Frugal Friends Workbook. It’s a digital workbook with 6 week-long challenges that will help you save money, simplify your life, improve money conversations, and more. It’s over 60 pages and can be completed on your own but it’s created to be gone through in pairs or small groups that’s why every purchase comes with two downloads so you can share or split the cost. Head to Frugalfriendspodcast.com/workbook to learn more and use the code TACOBELL all one word to get $10 off the regular price. Real Friends! Yeah they exist. You might’ve forgotten what it’s like to not have just virtual friends but real friends do exist. They’re the ones that help you move, bring you dinner when you have a baby, and go to the beach with you. Real life friends, get em. Notable Notes: We were thrilled to ask Lisa all. the. questions. here's our top favorites: You have 47 tips alone for curbing mindless spending, what are some of your favorites? Reconsider whether memberships are worth it Do a no spend challenge Hit the gym - it has so many benefits for your wellbeing AND keeps you from spending that time spending money! You have a chapter in your book called 'Get Debt Free' but there were a lot of great credit building hacks in there. What’s your favorite from this chapter? Consider a goodwill letter to creditors - it can make a serious difference Claim your missing money - go to your states directory and look up your name What are your favorite tips to earn more money Get a mentor! Look within your career to find an advocate to help you advance in your career Side hustles - survive anything for a season How about planning for the future?You can start a 529 plan for yourself! AND it's not restricted by the state you live in BILL OF THE WEEK - Thanks Lisa for sharing your bill about getting all your money back for a cancelled trip! If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill Lightning Round Areas where we’re currently cutting back on spending and how: Lisa - perishable food waste - finding ways to maximum fresh foods i.e. making one pot meals, salad ingredients I like and know I will eat Jill - cutting back on take out Jen - cutting back on fast food   Get more from Lisa: lisarowan.com AND check our her book Money Hacks  Wrap-Up: Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to frugalfriendspodcast@gmail.com. AND share our most recent episode on social for a chance to win a $10 Amazon gift card! Thanks for listening! See you next week!
It's no shocker that buying a home is a huge expense - which is why we are interested in ways to cut costs! On this episode we talk both buying and refinancing our homes and ways to save on both. Sponsors:  The Frugal Friends Workbook! Whether you’re new to budgeting or trying to reach a big financial goal and need something to motivate you, you’ll enjoy The Frugal Friends Workbook. It’s a digital workbook with 6 week-long challenges that will help you save money, simplify your life, improve money conversations, and more. It’s over 60 pages and can be completed on your own but it’s created to be gone through in pairs or small groups that’s why every purchase comes with two downloads so you can share or split the cost. Head to Frugalfriendspodcast.com/workbook to learn more and use the code TACOBELL all one word to get $10 off the regular price. Very High Price Tags on Seemingly Insignificant, low cost items: Well we have a complicated sponsor today - but it’s quite fitting as we discuss home buying. Take stamps for example - what one would think costs 55cents and be used to mail a letter, when it comes to home buying this is nowhere near what the word ‘stamps’ mean! No no no - ‘stamps’ are hundreds of dollars, you never actually see them, nothing gets mailed anywhere as a result, but they are apparently necessary and there’s no circumventing them. High price tags on what should be low cost items: it’s all part of the home buying magic. Notable Notes: What the Internet has to say: This article from The Lenders Network lists off 7 ways to cut costs when buying a house What Jen + Jill have to say: 1. Use an experienced LOCAL real estate agent 2. Get loan quotes from multiple lenders 4. Increase your credit score 5. Find a house that needs some work 6. Get the right type of mortgage loan 7. Purchase a home in the winter More from the Internet: This article from Mortgage Loan provides 6 ways to save when refinancing your mortgage More from Jen + Jill: Pay  closing costs and points up front Don’t take cash out - this type of refinance is more expensive Improve credit score Shop around Have history with your lender - you can stick with them! Prepare for an appraisal (make sure everything is in working order!) BILL OF THE WEEK - Thank you Louisa for sharing your transportation bill - not buying gas for 44 DAYS!!! Congrats! If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill Lightning Round Other ways to save Jen- home insurance: shop around, check for rates reductions that the home qualifies for or on work that needs to be done soon. Jill- calculate if you save more by not putting 20% down. PMI usually costs .5% to 1% of loan. Factor in cost of renting, etc. Jen- Monetize your home - rent out the guest room on Airbnb Jill- consider purchasing in a lower cost of living area Wrap-Up: Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to frugalfriendspodcast@gmail.com. AND share our most recent episode on social for a chance to win a $10 Amazon gift card! Thanks for listening! See you next week!
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Episode Count
134
Podcast Count
2
Total Airtime
4 days, 12 hours
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Podchaser Creator ID logo 280429