Jean Chatzky Shares Money Rules for Modern Life

Published: Sept. 19, 2016, 5:43 a.m.

#43: Jean Chatzky, financial editor for the TODAY Show, host of the HerMoney podcast and a frequent guest on TV shows like Oprah, Regis & Kelly, and The View is the bestselling author of many books, including Money Rules, which we discuss in today's episode. Here are a few of the Money Rules we cover:\n #1: The more time you spend looking, the less happy you\u2019ll be with what you find. #2: Your retirement trumps their tuition. #3: Losing money hurts more than it should. #4: Big numbers make smart people do stupid things. #5: Don\u2019t lend money to friends & relatives, and don\u2019t co-sign for loans. #6: If its 50% off, it's still 50% on. __ It\u2019s not about having it all. It\u2019s about having what you value most. How can you match your money with your values? Jean and I tackle this question in the second half of the podcast. This leads us into discussing tactics that can prevent wasteful spending, such as: \u2022 The 10/10/10 Rule \u2013 How will you feel about this purchase in 10 minutes? 10 months? 10 years? \u2022 The 24 Hour Rule \u2013 Delay the purchase by 24 hours. Do you still want it? \u2022 Only Pay Full Price \u2013 Paradoxically, avoiding sales \u2013 and ONLY buying items at full price \u2013 might help you save more money in the long run. __ Finally, we chat about how to balance financial priorities when you and your spouse want different things. What if you want to retire early, but your spouse doesn't? How do you handle this? Jean shares her ideas on all these topics in today's episode.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices