DeepSummary
In this episode of the podcast 'Million Bazillion', host Bridget Bodnar interviews Yaneli Espinal, the host of another podcast called 'Financially Inclined'. They discuss the topics covered in Financially Inclined, including how to get a job, how to make money as an influencer, and how to pay for college. Yaneli emphasizes the importance of teaching young people practical money skills.
The episode then transitions to a segment from Financially Inclined, where Yaneli and her guest Berna discuss the importance of saving money. They offer tips on how to make saving more enjoyable, such as setting small goals, creating savings posters, and involving friends for accountability. They also analyze social media videos about saving challenges and strategies.
Towards the end, Yaneli and Berna summarize their key advice for making saving fun and engaging, including setting specific goals, giving savings accounts creative nicknames, and celebrating milestones with friends. The episode aims to provide young listeners with practical and enjoyable ways to develop healthy financial habits.
Key Episodes Takeaways
- Teaching young people practical money skills, such as how to get a job, make money as an influencer, and pay for college, is important.
- Saving money can be made more enjoyable and engaging by setting small, achievable goals and celebrating milestones.
- Creating a savings poster, giving your savings account a fun nickname, and involving friends for accountability can make saving money more motivating.
- Separating your savings from your everyday spending money and clearly defining your savings goals can help with self-control and staying on track.
- Analyzing social media videos and trends related to saving money can provide insights and strategies for developing healthy financial habits.
- Setting specific, personal savings goals and finding ways to make the process enjoyable and community-oriented can help overcome feelings of shame or isolation around money.
- The Financially Inclined podcast aims to provide young listeners with practical and engaging advice on personal finance topics.
- Developing healthy financial habits, such as saving, from a young age can have long-lasting benefits.
Top Episodes Quotes
- “Ooh, we have so many good episodes. So in season two, we cover so many good topics, especially things that I think we have a hard time finding answers to online because, I don't know, people are just shy when it comes to talking about money and explaining their own experiences.“ by Yaneli Espinal
- “It's so important to then define that desire. If we're talking about self control, it's okay to put that savings account in a different bank from where the rest of your money is.“ by Berna Anat
- “Okay, you heard Burma. You probably won't hit your savings goals if you don't find a way to make it fun for you. So this week your challenge is going to be to create at least one savings goal. There's no goal that's too small.“ by Yaneli Espinal
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Episode Information
Million Bazillion
Marketplace
11/21/23
Saving money might sound like a chore, but Yanely Espinal and Berna Anat are here to remind you that saving money can help you afford more of what you want, and you can have fun along the way!
Think you’re financially inclined? Check out the savings tips below:
- A comparison of high-yield savings accounts from NerdWallet
- Here are some free savings trackers you can print
- Look at these different savings apps reviewed by Bankrate
- You can find more financial tips from Berna on her Instagram
Are you in an educational setting? Here’s a handy listening guide.
This podcast is presented in partnership with Greenlight: the money app for teens — with investing. For a limited time, our listeners can earn $10 when they sign up for a Greenlight account. Join today.