Kosher Money

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What Every Financial Beginner Needs to Know About Money

1/7/2025 • 68 min

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/ ✬ SPONSORS OF EPISODE 85 ✬ ► BITBEAN: Do you have an ambitious company? BitBean builds custom software and provides software solution consulting. (They do tremendous work.) See case studies, learn more and get in touch here: https://bitbean.link/4edg53 ► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get a free account here: https://thedonorsfund.org/koshermoney ► TWILLORY: Get $18 OFF your first purchase of comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney ► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! 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. #PersonalFinance #MoneyManagement #BudgetingTips #FinancialFreedom #LivingLchaim #KosherMoney #KosherMoneyPod Hosted on Acast. See acast.com/privacy for more information.

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