PennyWise: Personal Finance & Travel Tips

In this episode of PennyWise, host John Kiernan discusses money-saving holiday shopping tips with Chip Lupo, a personal finance writer with WalletHub who is an expert on credit cards and budgeting. They discuss the holiday shopping forecast and the things people can do to maximize their merriment without putting their financial plan in jeopardy. You can even get a few pointers for whipping up holiday cookies on the cheap from a state fair winner! Plus, John answers a listener question and more.

In this episode of PennyWise, host John Kiernan breaks down the keys to successful budgeting with Milvionne Chery, a budget expert and personal finance writer with WalletHub. They discuss the most important steps for budgeters to take, what's holding people back the most, what people can do to keep things simple, options for more advanced techniques, and more. 

In this episode of PennyWise, host Nat Cardona engages in a thought-provoking discussion with Chip Lupo, a writer and analyst for WalletHub, as they explore the evolving landscape of tipping in America. With 75% of Americans feeling that tipping has spiraled out of control, they dive deep into the cultural implications and the new norms surrounding gratuity in various service sectors. Chip shares insights on the traditional tipping percentages for services like dining, hair salons, and delivery, while also addressing the growing trend of tipping at self-service kiosks and other unexpected places.

Listeners will gain a clearer understanding of when and how much to tip, including guidelines for different service scenarios. They also discuss the ethical concerns surrounding tipping as a potential substitute for fair wages, prompting listeners to consider their own tipping practices and the pressures associated with them. Chip emphasizes the importance of tipping for good service while also acknowledging the discomfort that can arise when service falls short.

For more insights on tipping trends and best practices, check out WalletHub's extensive resources on personal finance.

In this episode of PennyWise, host Nat Cardona is joined by NerdWallet personal finance expert Kim Palmer to tackle the dual challenge many American couples face: financing a wedding while pursuing homeownership. As costs continue to rise, they discuss practical do's and don'ts that can help newly engaged couples navigate these financial hurdles effectively.
Listeners will learn about the shifting demographics of first-time homebuyers, with the median age now at 38, and strategies for building a house fund instead of opting for traditional wedding gifts. Kim shares insights on the importance of avoiding credit card debt when financing wedding expenses, emphasizing that it's crucial to minimize financial burdens post-wedding.

In this insightful episode of PennyWise, host Nat Cardona sits down with WalletHub's financial expert, Adam McCann, to tackle a common question: how much should you budget for clothing in 2025? As clothing prices continue to rise, Adam breaks down the average annual spending on apparel, revealing that households typically spend around $1,945 on clothing each year. However, he emphasizes that this figure can vary widely based on personal needs and lifestyle.
Listeners will discover practical tips for saving money on clothing, including the importance of shopping during sales, utilizing coupons, and understanding the difference between 'needs' and 'wants' in their wardrobe. Adam also discusses the benefits of investing in quality pieces that last longer, as well as savvy shopping strategies like buying off-season and exploring thrift stores or community clothing swaps.

Additionally, the episode covers the advantages of using the right credit cards for clothing purchases, highlighting how rewards and cashback options can maximize savings. Adam stresses the importance of managing credit wisely to avoid interest charges that can negate savings from rewards.

In this episode of PennyWise, host Nat Cardona teams up with tax expert John Kiernan, Managing Editor at WalletHub. John shares essential last-minute tax tips for the 2025 filing season. As the deadline approaches, they emphasize the importance of filing a return regardless of your ability to pay, explaining the significant penalties associated with failing to file. Listeners will learn about the IRS's direct file program and how to utilize free resources for tax assistance, especially for those facing financial challenges.
The conversation also covers strategies for managing tax payments, including the benefits of using credit cards wisely to earn rewards while settling tax obligations. They delve into disaster relief for those in FEMA-designated areas and the advantages available for taxpayers in these situations, such as extended filing deadlines and deductions for personal property losses.

For more insights and resources, check out WalletHub's budgeting features to get your finances in shape.

In this episode of PennyWise, host Nat Cardona engages with WalletHub's personal finance writer, Milvionne Chery Copeland, to explore the innovative world of AI budgeting tools. As artificial intelligence continues to permeate our daily lives, Milvionne explains how these tools can revolutionize the way we manage our finances. Listeners will learn about the benefits of using AI to automatically track and categorize expenses, saving precious time and effort in the budgeting process.
The conversation delves into how AI can analyze spending patterns, alert users to unusual expenses, and even help automate savings by identifying manageable amounts to set aside. There are also tips on utilizing AI chatbots, with occasional review, as virtual financial assistants, providing instant advice and insights.

In this enlightening episode of PennyWise, host Nat Cardona welcomes NerdWallet's senior writer, Holden Lewis, to debunk the common myth surrounding down payments for home buying. Many potential homeowners believe that a hefty 20% down payment is a necessity, but Holden clarifies that this isn't the case. The discussion addresses the financial pressures faced by first-time homebuyers, including interest rates and living costs, which can make homeownership seem unattainable.
Listeners will discover that conventional loans can require a lot less down, while FHA loans offer nearly unbeatable opportunities for first-time homebuyers.

This episode is packed with practical advice and reassurance for anyone feeling overwhelmed by the home buying process.

In this informative episode of PennyWise, host Nat Cardona sits down with WalletHub's financial writer, Adam McCann, to discuss the rising costs of groceries and how different states are faring in terms of food expenses. With grocery prices increasing over 25% since 2019, Adam shares insights from WalletHub's latest study that reveals which states spend the most and least on groceries. Listeners will learn that while Mississippi tops the list for grocery spending, New Jersey enjoys the lowest percentage of income spent on food.
The conversation dives into practical budgeting strategies, emphasizing the importance of tracking grocery expenses and creating a shopping list to avoid impulse purchases. Adam also highlights the benefits of using credit cards that offer rewards on grocery purchases.

In this engaging episode of PennyWise, host Nat Cardona is joined by Milvionne Chery Copeland, a personal finance writer at WalletHub, to explore the fascinating dynamics of budgeting across various cities in the U.S. As many individuals continue to face financial challenges, Nat and Milvionne dive into the cities with the best and worst budgeters and uncover the strategies that set successful budgeters apart.
Listeners will learn about the impressive debt-to-income ratios in cities like Seattle and Fremont, as well as the importance of maintaining a low credit utilization ratio. Milvian emphasizes the critical role of smart spending and the necessity of paying more than the minimum on credit card balances to avoid spiraling debt. 

In this engaging episode of PennyWise, host Nat Cardona is joined by NerdWallet's travel expert, Sally French, to explore the evolving landscape of vacation rentals. As family travel needs shift towards larger accommodations, the episode delves into the emergence of hotel-affiliated vacation rentals that are challenging traditional platforms like Airbnb and VRBO. Sally discusses how major hotel brands such as Hilton, Hyatt, and Marriott are entering the vacation rental market, catering to groups seeking multiple rooms and kitchen facilities.
Listeners will learn about the advantages of these hotel-backed rentals, including consistent quality and service, as well as unique amenities that enhance the vacation experience. From sprawling resort-style properties to high-end villas, Sally paints a vivid picture of what travelers can expect when opting for these new accommodations. 

In this enlightening episode of PennyWise, host Nat Cardona engages with WalletHub's managing editor, John Kiernan, to tackle the essential topic of emergency funds. With many Americans feeling unprepared for unexpected expenses, especially amidst rising inflation, John provides valuable insights into the importance of building a financial safety net.
Listeners will discover the alarming statistics from WalletHub's recent survey, revealing that over 40% of individuals lack confidence in their ability to cover surprise costs. John shares practical strategies for initiating an emergency fund, including budgeting tips and the significance of making minimum debt payments while saving.

In this insightful episode of PennyWise, host Nat Cardona welcomes NerdWallet's Sarah Rathner to discuss the intriguing findings from the 2024 American Household Credit Card Debt Status Study. As we transition into 2025, Nat and Sarah reflect on the financial landscape of 2024, a year that appeared promising on the surface but felt challenging for many consumers. They delve into the paradox of rising economic indicators contrasted with the personal financial struggles faced by individuals and families across the country.
Listeners will learn about the significant increase in household expenses compared to income, the alarming statistics surrounding credit card debt, and the impact of daily necessary purchases on financial stability. Sarah shares valuable insights on how consumers can regain control over their finances, emphasizing the importance of tackling debt and building emergency savings.

In this informative episode of PennyWise, host Nat Cardona sits down with Chip Lupo, a credit card writer for WalletHub, to explore the vital topic of credit freezes. As the importance of maintaining a good credit score becomes undeniable, Chip offers a comprehensive guide on how to protect your credit and identity through the strategic use of credit freezes.
Listeners will gain insights into the process of implementing a credit freeze, its benefits, and potential drawbacks. Chip explains how a credit freeze can safeguard personal information from fraudsters, especially during times of increased vulnerability, such as the holiday season. He also discusses the ease of managing credit freezes through the major credit bureaus—Experian, TransUnion, and Equifax—via online platforms, phone, or mail.
Learn about the importance of unfreezing your credit before applying for new credit accounts and the impact of a credit freeze on existing accounts. Chip also highlights scenarios where a credit freeze might be beneficial and clarifies misconceptions about its effects on credit score improvements.

In this essential episode of PennyWise, host Nat Cardona is joined by NerdWallet expert Elizabeth Ayoola to discuss the upcoming changes to Medicare in 2025. With new developments on the horizon, Elizabeth provides listeners with crucial insights into the evolving landscape of Medicare Part D, including the introduction of an out-of-pocket maximum for prescription drugs, which promises relief for many consumers.

Explore the implications of declining plan ratings and the potential impact on premiums, as well as tips for ensuring your prescription drugs remain covered. Elizabeth also sheds light on the special enrollment period for those affected by plan changes and the rising costs associated with Medicare Parts A and B.

In this motivating episode of Penny Wise, host Nat Cardona is joined by WalletHub finance writer Adam McCann to tackle the age-old tradition of New Year's resolutions with a focus on achieving real financial results in 2025. Adam offers expert advice on setting practical resolutions, specifically around saving money and budgeting, to help listeners start the new year on the right financial foot.

Discover the benefits of high-yield savings accounts, the strategic use of credit cards, and the importance of budgeting to keep your finances in check. Adam shares insights from WalletHub's financial resolution survey and highlights the top cities for sticking to resolutions, thanks to their robust financial environments and healthy living infrastructure.

In this insightful episode of PennyWise, host Nat Cardona welcomes NerdWallet's personal finance expert Kimberly Palmer to share practical tips on reducing your monthly bills. As holiday expenses mount and budgets tighten, Kimberly provides a step-by-step guide to negotiating lower rates on your internet, cable, and utility bills.

Learn the art of timing your calls for the best results and discover the importance of speaking with a real person rather than a chatbot. Kimberly emphasizes the power of politeness and preparation.

In this insightful episode of PennyWise, host Nat Cardona is joined by WalletHub editor Milvian Cherry Copeland to delve into the world of gift cards, a popular holiday gift choice. While they are convenient, not every gift card fits the recipient's needs. Milvian shares expert advice on how to make the most of unwanted gift cards, including where to sell them and how to avoid common scams.

Discover where to fins discounted gift cards, and learn which gift cards have the highest resale value. Milvian also highlights the convenience of electronic gift cards and the importance of registering your cards to protect against loss or theft.

In this festive episode of PennyWise, host Nat Cardona is joined by NerdWallet travel expert Sally French to explore nine last-minute Christmas vacation destinations across the United States. Whether you're looking to escape the cold or embrace the holiday spirit, Sally's curated list of spectacular getaways has something for everyone. And they're easier to get to than  you might think.

Join us as we uncover these diverse and delightful holiday destinations, perfect for creating unforgettable Christmas memories.

In this episode of PennyWise, host Nat Cardona explores the evolving world of cruise dining with travel rewards expert Sally French from NerdWallet. Gone are the days of mundane buffets under heat lamps; cruise lines are now elevating their culinary offerings with renowned chefs and unique dining experiences.

Discover the allure of specialty dining on cruises, where partnerships with celebrity chefs like Tony Gemini and Guy Fieri bring gourmet options to the high seas. From Guy's Burger Joint to Tony's artisanal pizzas, these collaborations offer a fresh take on cruise cuisine.

Learn about the innovative use of local ingredients as cruise lines source fresh produce and seafood directly from their ports of call. 

Join us as we navigate the exciting world of cruise dining and discover how to make the most of your culinary journey on the open seas.

In this episode of PennyWise, host Nat Cardona addresses a common fear among drivers: the dreaded insurance rate increase after a car accident. With expert advice from WalletHub's Milvionne Chery Copeland, listeners will learn practical strategies to avoid overpaying on car insurance following an at-fault accident.

Discover the benefits of accident forgiveness programs and how they can shield you from rate hikes. Learn the importance of shopping around for insurance quotes to ensure you're getting the best deal, potentially saving up to $1,778 annually. Explore the advantages of taking a defensive driving course and other discounts that can reduce your premium by up to 35%. Considering reducing your coverage? Find out when it might make sense to opt for state minimum coverage.

In this episode of PennyWise, host Nat Cardona dives into the world of store credit cards with expert insights from WalletHub editor Christy Mathern. With enticing offers at the checkout counter, store credit cards can seem appealing, but are they truly beneficial?

Explore the essential "do's" and "don'ts" of store credit cards, from understanding your credit score before applying to comparing rewards with traditional credit cards. Discover the hidden pitfalls of deferred interest and the importance of using credit responsibly to build your score. Christy shares valuable advice on avoiding common mistakes, ensuring your financial health remains intact.

Join host Nat Cardona on this episode of PennyWise as she explores the exciting world of pickleball travel with insights from NerdWallet's Sally French. With nearly 14 million players in 2023, pickleball enthusiasts are taking their passion on the road.

Discover how cruise lines and resorts are embracing this trend, offering pickleball courts and tournaments at sea and on land. Learn about group vacations to exotic destinations like Portugal and Mexico, where pickleball fans can enjoy the sport and local culture.

Tune in to see how pickleball is reshaping travel, offering endless opportunities to play and explore the world.