Will Your Streaming Bill Jump? Plus, How to Pick a Budgeting App You’ll Actually Use

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19:25Elizabeth Ayoola:it matters where you stay book now at Hilton.com Hilton for this day We are back and we are answering your money questions to help you make smarter financial decisions. Now, on this episode, we have a question from a listener named Roshandra, and she has a question about budgeting apps.

19:47Sean Pyles:And we have Roshandra here joining us for the conversation. Hey, Roshandra, welcome to Smart Money.

19:52Anthony Palomba:Hi, thank you for having me, Sean and Elizabeth. Nice to meet you both.

19:57Elizabeth Ayoola:Nice to meet you, too. We like to start the show with a little icebreaker, OK? OK. So I'm going to throw you a question. No pressure. and I want you to tell me the first answer that comes to mind. All right. Okay. Okay. So Roshandra, you have won$200 ,000 cash. Okay. Now you can only spend this money on three things. What are you going to spend the money on?

20:21Anthony Palomba:I would probably off the top of my head, pay off my house and my car.

20:27Elizabeth Ayoola:Very financially responsible decisions there.

20:29Sean Pyles:Not a vacation in sight for you. Maybe after you pay off your house and your car, you can fund a vacation with that.

20:35Anthony Palomba:Exactly. Exactly. Then I'll be able to retire because that's the biggest thing that limits people from retiring is their home or their mortgage.

20:41Sean Pyles:Well, I'd love to hear a little bit more about your life, Rishandra. So where do you live and what do you do for work?

20:46Anthony Palomba:So I live in Tampa, Florida. As far as what I do for work, I am a clinical pharmacist.

20:52Elizabeth Ayoola:I love that. And then do you live? Who do you live with? You live solo? Are you married? If you don't mind answering, do you have kids? Tell us the spiel.

20:58Anthony Palomba:So I live with my husband. We are, I guess what they call dink, double income, no kids. We do have a little dog, Roxy.

21:09Sean Pyles:That's called dink wad. Are you familiar with that term, Rishandra? Double income, no kid with a dog.

21:15Anthony Palomba:Oh, no, I have to. OK, I'm going to have to Google that one.

21:18Sean Pyles:How much are you two bringing in together, I guess, your individual salaries and your total household salary?

21:23Anthony Palomba:My take home is probably close to 150K. I'll probably say he's probably closer to 100.

21:31Sean Pyles:Okay, nice. That's a pretty solid household income, especially in Florida.

21:34Elizabeth Ayoola:And then how do you guys manage your finances? Me?

21:38Anthony Palomba:I do all the finances. Different strokes for different folks. I pretty much do like pay the bills. We have a joint account. He has his side account. I don't have a side account and that's my personal thing. I don't like having a lot of different accounts. It's hard for me to manage. I'm the executive of my dad's estate. So I have an estate account and I still have some of his accounts that are still open that I'm working with too. So I have several accounts open. So I don't like having like my own personal like checking account, but he does.

22:14Elizabeth Ayoola:Okay. Well done to you for managing all these different accounts. I know that sometimes it can feel like a circus managing finances. Tell us the pain points in your budget right now.

22:24Anthony Palomba:We don't have a budget per se. One of my goals for 2026 is to kind of know where our money is going. And so that way we can better prepare for retirement for us both.

22:36Elizabeth Ayoola:And then how are you currently managing those accounts?

22:39Anthony Palomba:The accounts that I have are online. And then the estate account is with a different bank. It's still an ongoing litigation with my dad's estate. Okay.

22:49Sean Pyles:And then it seems like you are just trying to get a grip on where your money is going. So thus far, have you been using any sort of budgeting app? How do you get a feel for that if you want to? Are you looking at your monthly credit card statements? What's your, I guess, source of truth for this right now?

23:04Anthony Palomba:So my source of truth is just basically looking at the checking account and just kind of looking to see if it goes up or down. And so if it dips too low, I'm like, okay, we need to save a little bit. That's one way to do it. If it gets too high, we can start looking at if we can move it into, we have a high yield savings account. Can we move some of the funds into a high yield savings account?

23:27Sean Pyles:When you think about managing your finances and having a better grip on your spending, is this something that you would be tracking down to the penny? or are you more of a looser budgeter and you just want to know generally that you have your expenses met, you're saving some money on a regular basis, but you won't be sweating the details as much. How do you think you might fall in that continuum?

23:47Anthony Palomba:Definitely the latter. Would like a little bit less. Me too, yes.

23:53Elizabeth Ayoola:All right, Roshonda, we want to help you with your budget. So now we're going to dive in. Thank you so much for sending your numbers over. So what we're going to do now is talk through your budget. That's the fun stuff. So I want to start with your income. You are a dink. I'm not a dink. I'm envious of you guys. Or what was it, Sean, with the dog? Dink, what?

24:11Sean Pyles:Dink wad. Double income, no kid, with a dog.

24:15Elizabeth Ayoola:Okay, so we're going to start with your income. Now, you said that your after-tax income is just over$10 ,000. And I want to clarify, is that just your income or also with your partner?

24:27Anthony Palomba:So that is my income plus what he contributes to the household.

24:33Elizabeth Ayoola:All right. So we're going to start with the must-haves and the needs because we have to make sure our bills are paid so that the house can keep running. All right. So your monthly housing cost seems relatively low. I was jealous when I saw how much you're paying. At a little over$1 ,200. Are you renting or you're paying a mortgage? You're paying a mortgage because you said in your first answer that you would love to pay your mortgage off if you won that money.

24:56Anthony Palomba:I am paying a mortgage.

24:58Elizabeth Ayoola:Okay. And I'm guessing you have a low interest rate.

25:01Anthony Palomba:Yeah, we have one of those COVID rates. So I refinanced my house around COVID like 2020. And when I say my house, it's I have a house and he has a house. His house is on rental, but it basically is paying for itself. So like my current interest rate is like 2.75 ish. nice so and but i i refied from a 30-year loan to a 15-year loan and so i was trying to match my 15-year loan with the time that i would be expected to retire okay so do you have just

25:36Sean Pyles:nine years left of paying off your mortgage then is that right yeah it's 15 15 from 2020 i haven't done the calculations i'm just paying but you're getting there i'm getting there okay Yes. I know that homeowners insurance has been a really complicated and difficult topic for Florida homeowners. How has that affected your budget?

25:57Anthony Palomba:My first insurance, they dropped a lot of people or they went bankrupt. So I was on the state insurance, I'll call Citizen. I was on Citizens for a while. Their rates were pretty relative. And then just recently, if there is someone that can pick up your homeowners insurance, then the state needs to kind of turf you off. So I got turfed off again. And so it has gone up, but not necessarily like significantly. I don't live in a flood zone. I did have some like roof damage with the last couple of last hurricane, the hurricanes from 2024. No, not 2024. It was previous hurricanes. Oh, yeah, that was like Ian.

26:38Elizabeth Ayoola:I was just going to say the good news is you have that awesome rate and your mortgage payment is around the 25 to 30 percent recommended amount for your budget. So you're in a good spot there. So even if we were to look for somewhere to squeeze, it doesn't necessarily have to be your mortgage.

26:53Sean Pyles:Now, that said, there was one area of your budget that really stood out to me as being more expensive than I was expecting, and that's your car payment. I'm seeing that you're spending around thirteen hundred dollars a month on your car payment. Is that just your car or is that your car and your husband's car? What's going on there? Tell us. It's my car. I have a lease. What kind of car do you have?

27:15Elizabeth Ayoola:This is a safe place, but tell us what's happening.

27:17Sean Pyles:Yes, we are not judging, but we do need to know. Well, everyone will be judging.

27:24Anthony Palomba:I have a Mercedes. I have a pretty good size Mercedes.

27:28Sean Pyles:And on top of that, you're paying$320 a month for car insurance. So you're spending around$1 ,600 a month for your car. Does that feel comfortable for you? Again, I'm all about affording the luxuries that you want to have in life. I have a BMW myself, but I got it in a way that was affordable for me. So how do you feel having this expense in your budget?

27:51Anthony Palomba:I feel good with having it. I know some people would probably rather buy than lease. I've been leasing for a while. I started off with a pretty relatively low monthly payment and then they would show me something else that was a little bit bigger. So would escalate as well. You would release. But everywhere else, I really am very frugal with. So, yeah.

28:19Elizabeth Ayoola:And I want to say there's nothing wrong with, as Sean said, having a luxury part in your budget because money should be enjoyed. Right. So as long as you can afford it, there's nothing wrong with where you decide to put your money.

28:28Sean Pyles:Yeah, I will say the one thing that stood out to me, since we're using the 50-30-20 framework here, all of your needs add up to around just shy of 57 % of your income. And so in that case, if you were looking for somewhere to trim back eventually, you might want to look at that car payment after your lease term is up and see if you can get something a little bit less expensive so that you can be closer to that 50%. And the reason why we emphasize that 50 % is so then you can have more money elsewhere to save for your home projects that you want to fund or your retirement, these other goals that might not be as attainable if you're putting all this money toward your car.

29:09Sean Pyles:Understood. Okay, well, now I do want to turn to another part of your finances, which is your savings and your debts. And this category of the 50-30-20 is generally supposed to be around 20%. So it's savings and additional debt payments beyond your standard monthly payments, which for you is really just your mortgage and we'll consider your car in there as well. So you're at about 24 % of your budget being your savings and debt payments. And that's just a little bit higher than the standard 20 % there. But that's not a bad thing necessarily because you're putting about$2 ,400 a month toward your retirement, which is phenomenal to hear.

29:48Sean Pyles:Congratulations on that. So I want to hear about your retirement savings and also how you're saving, what accounts you're using, all of that.

29:57Anthony Palomba:Okay. It's complicated, just like any relationship. So I have my high yield savings account that I just recently opened last year. So it just started to kind of see actual dividends from that. And then as far as my retirement, I am a federal worker. So I do have what's called a TSP. A thrift saving plan. So instead of a 401k, I have the TSP. We get a statement once a year. We're close to about 890k. I have them pull about 12 % of my pre-tax income to my TSP every paycheck. And then they match, I believe, 6%. Okay.

30:46Rick VanderKnyff:Wonderful.

30:47Anthony Palomba:And then they also pull for my pension. A poll was called FERS. I do not remember what that stands for.

30:55Sean Pyles:Gotta love the acronyms. Oh, we're full of acronyms on the federal side.

31:01Anthony Palomba:We're full of acronyms. So it's basically like my pension and then I contribute and then my employer contributes.

31:09Elizabeth Ayoola:Saving so much money is incredible. You guys are doing really good with your savings. So you seem really disciplined there. How's your emergency fund looking?

31:16Anthony Palomba:I will probably say that's our emergency fund is our savings. Everyone says you have three times your expenses, but then I need to know what my expenses look like per month to make sure I have enough set aside in my savings. Like right now, like if something big does happen, I can go into my savings. But also I want to have that for, you know, our retirement as well and how to differentiate the two.

31:45Elizabeth Ayoola:How much do you have in that high yield savings account? About 155. Wow. Very, very impressive.

31:51Sean Pyles:That's a good amount of cash in your account. Congratulations on that. I'm sure you're earning pretty solid interest in the high yield savings account. So you mentioned not knowing exactly how much to have in an emergency fund. And so since you and your husband are both working, you're probably going to be safe with a three-month emergency fund. And that's based on your bare-bones budget, we sometimes call it. And that 50-30-20 category is going to be that needs amount. So in your case, it looks like about$5 ,800. So that times three is going to be what you would need or ideally have in an emergency fund.

32:26Sean Pyles:Obviously, you're well beyond that. You mentioned you don't like having a lot of different types of accounts. If you've listened to a lot of smart money, you know that I am a big proponent of savings buckets and sinking funds of different categories. Maybe one day you can think about doing that and breaking out this amount, this three month worth of expenses into a different savings account. But for now, I think it's okay since you already have so much set aside for savings.

32:51Elizabeth Ayoola:That's right. Well, thank you for sharing your savings. Okay. And then I also want to clarify, you don't have any debt.

32:57Anthony Palomba:Yeah, besides the mortgage and besides the car payment, I don't carry a credit card balance. So I use my credit card to get the points and all the extra stuff. But other than that, when the statement comes, I pay it off.

33:10Sean Pyles:That's what we like to hear.

33:12Anthony Palomba:Yeah.

33:13Elizabeth Ayoola:Now, before we go into your wants briefly, I just wanted to circle back. Roshandra, I see that you are spending, again, no judgment,$800 on groceries. So tell us about that. What are you eating? First of all, what are you buying? What are you eating?

33:27Anthony Palomba:so I know it's just me and my husband but we do eat a lot of protein I work out I work out a lot he works out too we probably every other month we're going out to eat with very rare we don't uber eats we cook at home but to have quality protein quality vegetables quality fruit it costs money it's not cheap so and it will like it will go bad so we're constantly going to the grocery store.

33:57Sean Pyles:You're going to the nicer grocery store.

33:59Anthony Palomba:I'm picking and choosing. I don't know if you guys have it out there, but I love my Aldi. I don't have any qualms at shopping at Aldi, the big Sam's Club, but there are certain things like I eat a lot of protein bars. Those are not cheap. So I put all that into my grocery bill.

34:16Elizabeth Ayoola:Man, I feel so seen. I started working out intensely. I don't want to say intensely, but for a girl who doesn't like working out, I don't know, four or five times a week, maybe last year. And I was working with a trainer and the amount I spent buying protein made me not want to keep training. So it is expensive. I hear you.

34:35Anthony Palomba:Yes, it's very expensive. My husband's like, you eat like so much chicken. And so we go to Restaurant Depot to buy like my chicken breast because I go through it so quickly.

34:48Sean Pyles:Hey, that's economical saving some money.

34:50Anthony Palomba:It is. Yep. We save some money there going to Restaurant Depot.

34:53Elizabeth Ayoola:And then I'm going to pivot quickly to your medical insurance situation. I saw that you're paying$150 out of pocket.

34:59Anthony Palomba:We do have, you know, good insurance, but there's still things that we have going on. So like right now I am actually healing from a surgery that I had last year. So I'm still doing physical therapy. So I still have to pay my copay. We also have other things that we go and see a routine doctor for. So give or take, it could be a little bit more than that per month. That was just kind of like a rough estimate to try to put something there because I know we're spending money on our copay. One of the good things that I decided to do, and I've been doing it for a couple of years now, is to do an FSA, a flex spending account.

35:35Anthony Palomba:Yeah, I remember that one. And so that definitely helps to lower my income. It also basically puts the money back into our account until we use it all up.

35:46Elizabeth Ayoola:Thanks for sharing that. I also want to hear about your ongoing contractual obligation where you are spending over$700. What are you spending that on?

35:56Anthony Palomba:My gym membership is pretty high. I do CrossFit. CrossFit typically is a higher membership per month. So we're looking at about$130 a month for that particular gym membership. I've been doing that since 2013. So when COVID happened, for Florida, at least all the gyms shut down. I have also another online membership that's not as pricey. I think it's $160 for the year,$15 a month. I still have that because I do have some workout equipment because of COVID still in my garage. And so every once in a while I do work out at home.

36:35Elizabeth Ayoola:okay and then I see you're spending 300 on hair and nails so is that a contractual obligation or

36:42Anthony Palomba:that's just a want if this is I guess it's a want then it's not a contractual it's a want but for me as a girl I love well listen girl mess says you got to do your hair and nails so I have I feel like I need to have my nails done and then even though my hair is up in a bun And actually I have what's called sister locks and they do any kind of lock or locking of your hair. You do have to go in regularly every six to eight weeks to get it. We call it retwisted or retied. And so this is an investment because sister locks. I see Elizabeth shaking her head. It is very pricey to get them installed. So you got to keep them up.

37:24Anthony Palomba:Yes. They can be very expensive. And I've had mine for almost seven years. And so to me, that's a contract with my hair. So if I want to keep my locks looking nice, I do have to go on a regular basis.

37:41Sean Pyles:Rounding out the 50, 30, 20, usually there's 30 % for your wants category. It seems like there are a couple areas that I would maybe say your wants have turned into some needs, like having a nicer car. Having a car in Florida, especially, is a necessity. having a really nice Mercedes is a little bit of a want, right? So you've made this want into a need. And so I think it's okay that right now your wants is about just under 20 % of your budget. So in all, I think you're doing a pretty good job of enjoying your money. You're doing things like you're investing in your appearance in ways that are valuable and helpful for you.

38:20Sean Pyles:You're getting the car that you want, you're getting the food that you want. It seems like you're managing your money in a pretty well-rounded way. So is there any area of your spending or your savings that you think you would want to adjust? Or is it really the understanding your cash flow and getting a budgeting system that you'd like to improve?

38:37Anthony Palomba:I think the latter, Sean, just kind of seeing where the money is going and then being able to make those tweaks that I feel like there's something that's coming up that we can kind of plan for. Like if we wanted to go on an expensive of trip, is there something that I could start looking at our budget and say, hey, this is what we put aside for our emergency fund. This is what we're putting aside for this. How much money do we have left over?

39:04Elizabeth Ayoola:Okay. Well, I am happy to tell you that the first step in understanding your budget better is choosing a budgeting style, which we spoke about a little bit earlier. And it sounds like based on what you've told us, you are a little bit like Sean and I, and you like to go with and maybe pay yourself first or loose kind of approach to budgeting. So now an app that may be good for that, because I know in your original question you asked us about budgeting apps is one called Empower. And it can be helpful as it's primarily an investment tool. But what it does is it lists out your transactions by category.

39:35Elizabeth Ayoola:So you can kind of see a snapshot of where your money is going. And you can also monitor your checking, your savings, your credit card accounts, and also your investment accounts. And I know that you said it being low cost was important to you. I'm happy to tell you that Empower is free.

39:50Anthony Palomba:Oh, nice. I like free. Free is for me.

39:57Elizabeth Ayoola:Another thing I will say is when you are new to budgeting or just starting out, it can be a little annoying to track every dollar, but it can also be extremely helpful so you see exactly where your money is going. Some feelings that can come up when you see where every dollar is going is sometimes embarrassment, sometimes shame. Oh, I spend that much on Uber Eats. Oh, I order that many things a day, but it's really helpful to help you to make adjustments to your budget. For people who like to track every dollar, a zero-based budgeting style can be extremely helpful and it can be a good starting point.

40:30Elizabeth Ayoola:Now, if you're not familiar with zero-based budgeting, how it works is you ensure every dollar has a home and it's allocated to a category like your needs, your wants and your saving, kind of like in the 50, 30, 20 breakdown of your finances. Now, since every dollar is accounted for in the zero-based budgeting, your income minus your expenses should equal zero at the end of the month. And there are two apps that you can look into for that. One includes every dollar. The other one is YNAB. And both have free versions and then paid versions. And obviously, the services that you get with each vary because free sometimes means not as many services.

41:06Yeah.

41:06Sean Pyles:And choosing the right budgeting app can be a journey of self-exploration in some ways and finding out what kind of app works best for your style. NerdWallet has a budgeting app that can help you get a grip on your finances. There's also another app called Monarch that can help you understand your money. And a lot of couples like using Monarch because it can help them manage their money together. What I would recommend for you, Rishandra, is downloading maybe three different apps and see which one you like the interface of, which one is easiest for you to connect your accounts to it. It seems like you want a lot of automation and how your money is being tracked.

41:39Sean Pyles:So which service allows you to do that in the easiest way for you? Just spend maybe 20, 30 minutes poking around the app store on your phone, find some that look good to you. Look at some reviews online. We have loads of reviews of budgeting apps on the NerdWall website as well that you can check out and just play around with them. It might be a journey over a couple months where you're seeing, oh, I actually like this one better or this one looks nicer, but it's not actually linking my account in the way that I really need it to. So that one's kind of out of the running here. So just get a feel for it because the best way to learn is really by experiencing the apps through using them.

42:14Anthony Palomba:Yeah, that sounds like a great idea, Sean.

42:16Elizabeth Ayoola:Based on what we've shared with Chandra, which budgeting style or maybe app stands out to you the most?

42:22Anthony Palomba:I would probably go with the first one as far as Empower. I just basically want something a little bit easy for now, something that I'm not necessarily spending too much time having to track down every last dollar. but doesn't mean down the road that I may get to a point where I do want an app that does track every dollar. I just kind of want to, I guess, put my toe in for a little bit and then kind of see and go from there. I don't want to have something that's going to have me scrutinizing every dollar and I'm staying up late at night trying to figure out my budget when I could be doing something else.

42:57Elizabeth Ayoola:Absolutely. Did you have any other financial goals that you wanted improving your budget to help support. I know that you messaged us or rather emailed us and told us about you wanting to retire in 10 years. Again, I am jealous.

43:13Anthony Palomba:Well, I'm probably older than both of you. But as far as I started working fairly early in my career, so for federal employees to receive your full pension, it's 30 years of employment. So I'm close to 25, but not at 30 just yet. So I I still have about less than 10 years that I can get my full retirement from the federal government. So I think that's a big thing as we're getting closer to that time. I still feel like I just started. As we get closer to that time, I definitely want to be prepared so that if I want to walk away, I'm able to.

43:52Sean Pyles:What I'm hearing is that in 10 years, you're going to have your house paid off and you're going to be eligible for a pension. That's really exciting. You're also in a position where you're going to begin thinking about how you can use your retirement funds. And there's a lot of factors to consider when you're sorting out how you might pivot into some kind of retirement. Have you worked with a financial planner before to talk about these things?

44:13Anthony Palomba:I have. I don't want to say necessarily that I'm not happy, but I think sometimes when you go to certain places, they sign you up for a couple of things and then you don't hear from them. I'm not a big fish. I'm not investing like millions or anything like that. I do actually do have some stock. I got that over there too, as well. I know I didn't just throw stuff at you guys. I don't even know why I just thought about it now, just because I don't think about it. For me, the stock market is more of a hands-off approach. So when I hear about the stock market, I don't want to make a quick decision and try to move things around because I heard you just leave it in there.

44:52Sean Pyles:Just let it rip.

44:53Anthony Palomba:Just mind your business.

44:54Sean Pyles:That's right. Right. Well, yeah, I'll say some financial planners tend to be more on the sales side, and they're going to try to push you into a product that gets them a commission. That said, there are other financial advisors, certified financial planners, who are more focused on comprehensive financial planning, life planning, retirement planning. You can consult with them and say, hey, I'm in this period where I'm beginning to think about what my life is going to look like in five to 10 years when I'm eligible for this pension and can retire and don't have a mortgage. What does my cash flow look like?

45:23Sean Pyles:How can I model different scenarios for me and my husband budgeting for two vacations a year. What does that look like with the money I currently have available to me? They can map the stuff out for you so you can get really concrete numbers and begin to envision what your life is going to look like after you're done working.

45:37Elizabeth Ayoola:And then I'm just curious, I know you said you've spoken to a financial advisor at one point, but how did you come up with your retirement number? Since you seem unsure if you have enough to retire in 10 years, do you have a number in mind that would make you feel comfortable retiring?

45:51Anthony Palomba:I think the biggest thing is just making sure like our basic necessities are taken care of. So it's not just paying off the house. I have to still pay taxes and you still have to pay the insurance on the house. So making sure that there's enough money for that. Also, our health care will be older. And so having enough to cover health insurance, which it seems to be always increasing.

46:20Anthony Palomba:and like Sean said still be able to take a nice vacation you know here or there and I'm not trying to go across Europe but would like to if I wanted to like take two weeks and go to Europe if we need to for the year so that would be one of our yearly trips or something like that I think what Sean

46:38Elizabeth Ayoola:said is very helpful in terms of working with a financial advisor because then you can get more concrete numbers. But if you just wanted to kind of get a rough estimate, there are two things that you could do. You could use the rule of 25. So that's 25 times of your anticipated annual retirement expenses. Having that before you retire, that's one way to look at it. And there's also the 80 percent rule. So having 80 percent of your pre-retirement income can also help you know whether you're on track to retire as well. But again, there's nothing like getting concrete numbers based on your nuanced financial situation.

47:10Yeah.

47:10Sean Pyles:And I really can't underscore how important that is as you begin to look at your retirement. And in these years before, where you are right now is a prime time to talk with a fiduciary financial advisor who can help map this out for you because it's just a lot to juggle on your own. I'm sure you understand. I mean, you're managing your father's estate. That's complicated enough. Planning your own retirement is a whole nother ballgame.

47:32Elizabeth Ayoola:Taxes are an important thing as well of why it can be helpful to speak to a financial advisor because some people think you're just gonna get to retirement and start withdrawing all that money that you've worked so hard for, but it can trigger so many different tax situations that can eat away at your retirement savings. So now's a good time to start planning towards that. Oh yeah, exactly. Okay.

47:50Sean Pyles:Well, Rishandra, we've run through a lot in this conversation. How are you feeling about your finances now, your budget, everything else we've talked about?

47:58Anthony Palomba:It's a lot to take in and it is a little bit scary, but I know that this is a good step in the right direction so that we can go in with our eyes wide open as far as like my husband and I and what we're going to be looking forward to as far as with retirement.

48:15Sean Pyles:Yeah. And this is just one conversation of many you'll have about this. I got work to do.

48:19Elizabeth Ayoola:And then I'm curious, Rishandra. I know that you are the one managing the finances, but are you going to go home and tell Hubby about all the things that we told you and all of the apps that you learned about? What is that conversation going to be like?

48:32Anthony Palomba:he's probably waiting for me to discuss it with him because I did tell him about like I was coming on nerd wallet so he's very interested to know what what we talked about and then what we're

48:44Sean Pyles:going to plan going forward let us know how the conversation goes Rishandra because we always

48:47Anthony Palomba:love hearing updates from our listeners too of course I will great and thank you so much for coming on and sharing all this with us oh thank you thank you guys for all the knowledge if you want the nerds to answer your money questions, call or text them at 901-730-6373. That's 901-730-N-E-R-D. You can also email your questions like I did to podcast at nerdwallet.com.

49:16Elizabeth Ayoola:We want you all to join us next time to hear about savings goals and treating yourself, how to balance both. And let me tell y 'all, I'm an expert at that. Definitely an expert at treating myself. Anyways, follow Smart Money on your favorite podcast app that includes Spotify, Apple Podcasts, and iHeartRadio to automatically download new episodes.

49:34Sean Pyles:And here's our brief disclaimer. We are not your financial or investment advisors. This nerdy info is provided for general educational and entertainment purposes and may not apply to your specific circumstance.

49:45Elizabeth Ayoola:This episode is produced by Tess Vigeland, Hillary Georgie helps with editing Nick Kersamee and Eve Krogman help our audio and video production. And a huge thank you to NerdWallet's editors for all their help.

49:57Sean Pyles:And with that said, until next time, turn to the nerds.