Balanced FI Podcast

Balanced FI Podcast

The Balanced FI podcast is all about practical, real-world ways to pay off debt, save money, and balance life with financial goals. Each week your host, RaLea, dives into a family finance topic that will improve your life: the steps to financial security, debt payoff methods, easy ways to save money on everyday expenses, and more... all with a dose of intentional living, a dash of minimalism & a splash of the realities of parenting a child with disabilities.

Episodes

January 25, 2022 13 min

Welcome to the Balanced FI Podcast, episode 33 - The 4 Cs of Credit: What You Need to Know

Although you probably haven’t heard of them, the 4 Cs of credit are:

  • Capacity to pay the loan back
  • Capital
  • Collateral
  • Credit score
  • Improving one or all of these areas can greatly improve your odds of being approved for a mortgage or getting a better interest rate.

     

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    Welcome to the Balanced FI Podcast, episode 32 - Frugal not Cheap: 6 Things You Shouldn’t Skimp On

    The cheapest option isn’t always the best option - it might not be safe, efficient, or long-lasting. Instead, you shouldn’t skimp on these things:

  • Safety things
  • Baby safety things
  • Shoes
  • Anything sleep related
  • Dog food
  • Insurance 
  • Listen to find out why!

     

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    Welcome to the Balanced FI Podcast, episode 31 - How to Find Grants to Pay Medical Bills

    The American healthcare system isn’t just un-user-friendly, it’s very expensive. Grants and financial assistance can help you avoid financial hardship or even bankruptcy. 

    This episode covers where to find grants and other assistance, how to negotiate with medical providers, and how to organize everything to stay sane. 

     

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    Welcome to the Balanced FI Podcast, episode 30 - 3 Simple Gratitude Prompts for Your Holiday Season

    The holidays can be hard for so many, making the focus on gratitude even more important. Askin yourself 3 simple questions can help you find the good in your day. 

     

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    Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com

     

    RESOURCES:

    Read: 3 Simple Gratitude Prompts for Your Holiday Season

     

    SOURC...

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    Welcome to the Balanced FI Podcast, episode 29 - All You Need to Know About Keeping Fun in Your Budget

    Setting aside a bit of money each month for fun, frivolous purchases helps you stay on track financially. You’re less likely to completely blow your budget when you know you have already planned for your hobbies and random habits. 

    This episode goes over 

  • why you need to budget for fun
  • how much to set aside
  • how to actually make a fun m...
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    Welcome to the Balanced FI Podcast, episode 28 - Do You Need a Credit Score While Debt-Free?

    You CAN live without a credit score, once you’re debt-free… but life is a lot easier with a good credit score. A credit score is helpful for renting a home, establishing new utility services, applying for certain jobs, getting a mortgage, property insurance in some states, life insurance rates.

    Using credit wisely and carefully can help you g...

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    November 16, 2021 14 min

    Welcome to the Balanced FI Podcast, episode 27 - 5 Tips for a Frugal Christmas

    Gift-giving doesn’t have to bankrupt you. To save money on Christmas, consider:

  • Simplifying your giving list
  • Planning ahead and making a budget
  • Shopping sales & looking for cashback
  • Making gifts
  • Giving second-hand gifts
  • To make next year less stressful, save for Christmas throughout the year

     

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    Welcome to the Balanced FI Podcast, episode 26 - How to Find Good Mental Health Care That Fits in Your Budget

    Whether you do or do not have health insurance, you are entitled to mental health care (and medical care, but that's for another day). Cost can make proper mental health care prohibitive, but there ARE resources out there when you can't afford a more traditional route. 

    Suicide Prevention Lifeline: 1-800-273-8255

    Menta...

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    Welcome to the Balanced FI Podcast, episode 25: 7 Steps to Find Your Motivation For Debt Payoff.

    We’ve got 7 easy steps to keep you going during a long debt payoff journey:

  • Identify what’s important
  • Get on the same page
  • Turn your priorities into goals
  • Remind yourself of your motivation for debt payoff
  • Watch the numbers change
  • Set rewards to keep your motivation for debt payoff
  • Celebrate your victories with like-minded people
  •  

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    Welcome to the Balanced FI Podcast, episode 24! Thank you so much for listening in! 

    Appealing health insurance denials is the best (maybe only?) way to increase the chances your health insurance provider will cover the requested medical treatment. So many times a claim is denied automatically, or without sufficient investigation, so it falls to the patient (or patient’s representative) to appeal the denial and seek coverage. 

    To app...

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    October 19, 2021 14 min

    Welcome to the Balanced FI Podcast, episode 23! Thank you so much for listening in! 

    Make saving money fun to keep yourself engaged in long-term financial goals. Some ways to make saving fun include:

  • Set goals & rewards
  • Track your progress
  • No spend month challenge
  • No spend days challenge
  • Loose change challenge
  • First to save challenge
  • Pantry challenge
  • Dollars per week food challenge
  • Kids savings challenge
  • Annual savings challenge
  •  

    RESOURCES...

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    October 12, 2021 17 min

    Welcome to the Balanced FI Podcast, episode 22! Thank you so much for listening in! 

    This week we’re focused on my top tips for frugal activities.  You should be able to have fun even while paying off debt, saving for emergencies, or living financially responsibly… but you still need to be able to afford it. 

    Suggestions include:

  • Lower expectations
  • Enroll young kids in Dolly Parton’s Imagination Library
  • Plan ahead
  • Look for museum members...
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    Welcome to the Balanced FI Podcast, episode 21! Thank you so much for listening in! 

    This episode dives into 5 quick questions to ask yourself before buying, including examples:

  • Is this a want or a need?
  • Does this align with my bigger financial goals?
  • Do I have something similar already?
  • Is it worth this number of work hours?
  • Could I make this myself?
  •  

    RESOURCES:

    Read: 5 Quick Questions to Ask Yourself Before Purchasing

    Read: 4 Ways to Be I...

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    September 21, 2021 22 min

    Welcome to the Balanced FI Podcast, episode 20! Thank you so much for listening in! 

    Saving money on baby stuff isn’t as difficult as it seems… but it does require some self-control when you’re facing cute prints on cloth diapers and adorable little outfits. 

    RESOURCES:

    Read: 3 Big Ways to Save on Baby Stuff

    Read: 4 Unexpected Ways to Save Money

    Learn: Fluff Love University

    Read: 5 Tips for a Frugal Christmas

    SOURCES:

    Nerdy Mommas: Cloth d...

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    Welcome to the Balanced FI Podcast, episode 19! Thank you so much for listening in! 

    Meal planning helps save money in multiple ways, plus it reduces so much stress for busy families.

  • Meal planning reduces food waste
  • Meal planning limits impulse buys
  • Meal planning reduces the expenses of eating out
  •      BONUS: Meal planning reduces stress

    TIP: online grocery shopping/ grocery pickup makes life easier and saves both time & money. 

    If y...

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    Welcome to the Balanced FI Podcast, episode 18! Thank you so much for listening in! 

    Step 10 of the Financial Security Steps is to Choose Your Next Goal

  • Increasing your emergency fund
  • Saving for college
  • Paying off the mortgage
  • Maxing out retirement contributions
  • Saving for other big purchases
  • Pursuing financial independence
  • You choose your next goal, you choose how to get there. 

     

    RESOURCES:

    Read: Financial Security Step 10: Choose Your Ne...

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    Welcome to the Balanced FI Podcast, episode 17! Thank you so much for listening in! 

    This step in the financial security process is all about increasing your retirement contributions when you’re out of debt (other than a mortgage) and have your emergency fund saved up. Saving early and often is the key to success, but it’s not too late to start. 

    We included some resources for retirement planning and calculating how much you need, as...

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    August 24, 2021 21 min

    Welcome to the Balanced FI Podcast, episode 16! Thank you so much for listening in! 

    We’re talking about unexpected ways to save money - not coupon-clipping, but changing your lifestyle to save money - and tips for getting started.  

    The 4 ways are: 

  • leaving Amazon Prime
  • using wood heat
  • hunting & buying meat in bulk
  • gardening & preserving.
  •  

    RESOURCES:

    Read: 4 Unexpected Ways to Save Money

    Resource: Bountiful Baskets

    Read: 5 Tips for ...

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    Welcome to the Balanced FI Podcast, episode 15! Thank you so much for listening in! 

    A fully-funded emergency fund is the backbone of financial security. It allows you to weather job losses, unexpected expenses, medical bills, and more, without reaching for a credit card or other debt. 

     

    RESOURCES

    Read: Financial Security Step 8, Save an Emergency Fund

    Download: free Emergency Fund Worksheet

    Read: Financial Security Step 2a, Save a Mini...

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    Welcome to the Balanced FI Podcast, episode 14! Thank you so much for listening in!

    Step 7 of the Financial Security Steps is: Pay Off Debt. This episode covers how to make that happen: 

  • Create a debt payoff plan
  • Save money where you can (or make more money)
  • Make saving money fun through challenges
  • Communicate with your partner
  •  

    Resources:

    Read: Financial Security Step 7, Pay Off Debt

    Download: Debt Payoff Planner

    Enroll: Frugal Year Challe...

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