Money Talks

We have new information about inflation in America today. On Thursday the Bureau of Labor and Statistics released the Consumer Price Index for October. That number is how we measure inflation in our country. We’ll get our financial experts to give their opinion on what the new rate means for the future of prices. Hosted on Acast. See acast.com/privacy for more information.

Americans have been talking about inflation for over a year now. Whatever the cause this is our current reality. What can we do to protect our personal finances right now? We’ll see what our experts have to say. They also cover other money questions.Money: The True Story of a Made-Up Thing by Jacob GoldsteinTax info: https://www.irs.gov/Email about what to invest inInflation Hosted on Acast. See acast.com/privacy for more information.

Do you go for the cheapest version when you shop? Do you feel like expensive versions are better quality? Which to choose? Today we’ll discuss opinions on what you should splurge on and when basic is best.Rather than sift though the website Reddit for “is it worth it on not” information, we’ll be discussing contributors’ suggestions on when you should go back to basics or move up for quality for the best value for your money.https://www.boredpanda.com/cheap-version-better-than-luxury-version/?utm_source=com.google.android&utm_medium=referral&utm_campaign=organichttps://www.boredpanda.com/high-quality-items-worth-spending-money-on/?utm_source=com.google.android&utm_medium=referral&utm_campaign=organicI Bonds: Series I savings bonds protect you from inflation. With an I bond, you earn both a fixed rate of interest and a rate that changes with inflation. https://www.treasurydirect.gov/savings-bonds/i-bonds/ Hosted on Acast. See acast.com/privacy for more information.

Mark your calendars folks – there are some important dates coming up: heath care enrollment dates, retirement contribution dates. All of these dates might have an impact on your personal finances.DEADLINE October 31st, 2022 Public Service Loan Forgiveness - The White HouseIf you have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively), you may be eligible to have all your student debt canceled. Now, for a limited time, it is easier than ever to receive that forgiveness, or get credit toward forgiveness, if you have not yet served 10 years.  October 1st - The Free Application for Federal Student Aid open for the 2023-2024 school year application period openshttps://studentaid.gov/sites/default/files/2023-24-fafsa.pdfhttps://studentaid.gov/apply-for-aid/fafsa/filling-out10/26/2016 Paying for College10/10/2017 Paying for College8/28/2018 Money Talks: Student Loans01/8/2019 Money Talks: Get 2 CollegeOctobe

We’re currently in a period of high inflation right now. But how have the prices of specific items increased over the past decade? The past 50 years? Has anything gotten cheaper? We’ll look into the prices of homes, college, electronics and more on the show today.https://www.marketplace.org/2022/08/17/money-and-millennials-the-cost-of-living-in-2022-vs-1972/https://better.com/content/how-much-home-prices-have-risen-since-1950/https://www.valuepenguin.com/mortgages/historical-mortgage-ratesA White Cross Electric Hair Dyer cost $10 in 1915 – that’s $234 in today’s dollars. Now the average price of a hair dryer is $25 to 50.In 2001, a 5GB iPod Classic cost $400 or $535 in today’s dollars. Now, a 16GB iPod Touch is $199In 1939 a RCA TRK-12 TV set was $600. In Today’s dollars that’s $10,218. But today a 65 inch RCA HD LED TV costs $1099.99In 1925, Maytag sold the “Gyrafoam” Washer for $145. It today’s dollars that’s $1962. Today, a traditional Maytag washer is $599.If you wanted to fly Delta Airlines, round t

Today’s an Open topic day – we discuss some issues in the news, student loan forgiveness, holiday shopping, and whatever you’d like to bring up. Contact us with your questions concerning retirement, the stock market, or what your money plans are for the year or decade.Student Loan forgivenesshttps://www.ed.gov/subscriptionshttps://www.npr.org/2022/09/29/1125923528/biden-student-loans-debt-cancellation-ffel-perkins https://content.govdelivery.com/accounts/USED/bulletins/32dfbda According to a September Bankrate survey: Half of winter holiday shoppers plan to begin making purchases before Halloween this year. About 38% plan to start shopping in November. 12% of shoppers plan to wait until December to do their holiday shopping. https://www.cnbc.com/2022/09/28/target-amazon-holiday-sales-start-in-october-shopping-early-can-help-save-money.htmlWell, we’ve already had Holiday sales come and go: Target announced it is kicking off its holiday season push with its biggest ever “Deal Days” promotion running from Octobe

We’ve got a fun show for you today. It’s our drive time show. We’ll be sharing opinions on fees that are simply ridiculous to pay. In addition to saving you money, we’ll tell you how you can support Mississippi Public Broadcasting - For the Love of Mississippi.Thanks for listening to Money Talks on MPB Think Radio, and for choosing MPB as your station for news and ideas. It means a lot to us---and to the community at large---that a non-profit station like MPB can thrive in such a crowded media landscape. You help make that happen through your contribution.1-888-372-4483 https://donate.mpbfoundation.org/mspb/donateThe website Life Hacker recently had an article about Fees You Should Never Pay. Let’s get Ryder’s opinion on some of these fees. And if we help save you some money, consider contributing that amount to support Mississippi Public Broadcast.https://lifehacker.com/these-are-the-stupidest-fees-you-should-never-pay-1849412351Coinstar feesATM fees Credit Reports report fees Credit card late feeAccoun

We hope our listeners are familiar with some of the different types of financial institutions. Many in Mississippian aren’t. Many of us are un-banked. Money Talks going to talk about Credit Unions today with our guests from Hope Credit Union. Felicia Lyles, HOPE Senior Vice President of Retail Operations and Carrus King, HOPE Vice President and a Branch Manager of Hope Credit Union will tell us how they are trying to help educate Mississippians against predatory lending and the benefits of having a banking relationship. Ryder will be taking your general personal finance questions.Jackson branch of Hope Credit Union 601-965-7100https://hopecu.org/https://www.mycreditunion.gov/Discussion:GE stockHope historyTransformational depositsMember benefitsServices availalbleUnbankedPredatory lendingCalls:infrastructurehome loans with student loan debthow to invest Hosted on Acast. See acast.com/privacy for more information.

Who wouldn’t like an additional income stream! And if you can achieve this extra cash without working 9 to 5, all the better. Today we’ll be learning about passive income. It doesn’t mean “no hard work” just different work. Nancy also takes your financial questions.We’re getting our personal finance expert to give her opinion on a recent Bank Rate.com article on Passive Income Ideas. https://www.bankrate.com/investing/passive-income-ideas/ According to data from the U.S. Census Bureau, 20% of American households earn passive income either through dividends, interest, or rental properties. Among those households who do have passive income, the median amount is $4,200 per year.Florida is home to a larger share of retirees who tend to depend on passive income to cover their living expenses.https://www.chamberofcommerce.org/cities-whose-residents-make-the-most-passive-income/#:~:text=According%20to%20data%20from%20the,amount%20is%20%244%2C200%20per%20yearRemember, according to the IRS: Compensation for purpo

We’ve got a new angle on Student Loans to discuss today – the canceling of student debt. What’s the difference between canceling and forgiveness? Who is eligible and when? What happens after your debt is wiped away? We’ll discuss the new student debt elimination programs between your other personal finance questions.President Biden's plan to forgive federal student loan debt – up to $20,000 for Pell Grant recipients and up to $10,000 for others who qualify was announce last month.Borrowers are eligible for this relief if their individual income is less than $125,000 ($250,000 for married couples). No high-income individual or high-income household – in the top 5% of incomes – will benefit from this action. https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/What can borrows do now?Make sure your information is up to date with your loan servicer. To see who your servicer is: studentaid.gov/dash

We’ve got one of our long-time guests on the show today – Shawn Mercer, from the Social Security Administration. He’ll take your social security questions. Our expert hosts take your personal finance questions. https://www.ssa.gov/What should I do if I get a call claiming there's a problem with my Social Security number or account? https://faq.ssa.gov/en-us/Topic/article/KA-10018https://www.ssa.gov/myaccount/That national phone number is 1-800-772-1213. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

We love having theme shows on Money Talks – budgets, credit cards, new baby costs, cutting expenses. But sometimes, like today, we have an Open Topic show. Ask us anything. Today we’ll discuss vacation homes, bonds, CDs, and anything else you’d like to ask our experts.According to a study by Porch dot com, Jackson is the 8th best midsize college town for student renters according to a weighted average for off-campus room and board cost. https://porch.com/advice/best-college-towns-for-student-rentersPast Money Talks podcast: I Bonds and interest rates (Previous MT show: http://moneytalks.mpbonline.org/episodes/money-talks-open-topic-augustThe Biden administration forgave $3.9 billion from the student loan records last Tuesday for more than 200,000 former students, who still owe on a federal student loan from their time at ITT Technical Institute. One campus was located in Jackson.https://finance.yahoo.com/news/president-biden-forgives-nearly-4-200000606.html Our GDPR privacy policy was updated on August 8, 202

Tax evasion is the failure to pay or a deliberate underpayment of taxes. Tax avoidance is an action taken to lessen tax liability and maximize after-tax income. We’ll be discussing ways to avoid taxes legally and give some tax-efficient investing tips. Our experts also take your other personal finance questions. The Senate passed Inflation reeducation Act of 2022 allocates approximately 124 billion dollars for IRS tax enforcement. https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdfThe IRS’s website: https://www.irs.gov has a “get answers to your tax questions” area where you can find authoritative tax information. The IRS encourages taxpayers to create an I D me account from https://www.irs.gov/ so they have access to their tax information. It is a multistep process that uses facial recognition and authentication to prove that you are you.Questions:W9Capital gains in MSTimber salesREITsTax on Municipal bondsVacation home expenses Our GDPR privacy policy w

When you add a child to your family you add joy and happiness and extra expenses. What costs can you control? Which costs are flexible? We’ll talk about the extra costs of impending parenthood. We also can take your other personal finance questions. New Legislation: While adoption can be expensive, it doesn’t have to be. In fact, many parents adopt children at little or no cost through the Mississippi foster care system. Expenses totaling $1,000 to $5,000 can be subsidized or reimbursed. https://adoption.com/mississippiOn February 6th of 2018, Money Talks discussed Child Care Options for your Budget. http://moneytalks.mpbonline.org/5cd31f1533f6c1be55607d91According to a Mississippi Department of Human Services 2021 survey: Average weekly, full-time rates for childcare in Mississippi ranged from $125 for infant care to $111 for preschool care. When they are enrolled in full-time care, rates for school-age children average $102 per week.https://www.mdhs.ms.gov/wp-content/uploads/2021/10/Market-Rate-Re

We’ve got two sides of the same coin today: what to do with inherited items you don’t want and also how acquire things you need when you’re on a budget. We’ll discuss ways to get rid of material items if you are trying to downsize and how to accumulate, inexpensively, household objects you may need.Useful websites:https://www.gobankingrates.com/saving-money/home/why-still-wasting-money-storage-units/https://dengarden.com/cleaning/Stuck-with-Your-Parents-Stuffhttps://www.legalzoom.com/articles/7-tips-for-getting-rid-of-your-parents-lifelong-possessionshttps://financialgym.com/blog/how-to-furnish-an-apartment-without-breaking-the-bankhttps://www.lifehack.org/525095/8-the-best-places-buy-used-goods-online See acast.com/privacy for privacy and opt-out information.

We’ve had previous shows talking about cutting expenses. Today’s tips will be ways to use the internet and apps to help you save money. Money that you could then use to invest or pay off debt.Our suggestions are inspired by AARP https://www.aarp.org/money/budgeting-saving/info-2022/99-great-ways-to-save.htmlThe 2022 Mississippi Sales Tax Holiday takes place between 12:01 A.M. Friday, July 29, 2022 and 12:00 Midnight Saturday, July 30, 2022. We’ll have a link to the Department of Revenues guidelines on the information for this show. https://www.dor.ms.gov/sites/default/files/Sales%20Folder/2022%20Sales%20Tax%20Holiday.pdfQuestions:Treasury Funds and CDsSelling coins: a jewelry store or https://www.apmex.com/ See acast.com/privacy for privacy and opt-out information.

We’d all love to have more money to invest. Before you can find ways to get your money to grow, you have to save money. Budgeting can help you do that. If you need a little help writing out a plan to spend your money each week, this is the show for you.Instead of a "Budget" call it a "Monthly Spending Plan" if that helps you feel better.We spend a bit of the show discussing Inflation in addition to budgets (and Kevin's savings account interest rate).The 2022 Mississippi Sales Tax Holiday takes place between 12:01 A.M. Friday, July 29, 2022 and 12:00 Midnight Saturday, July 30, 2022.https://www.dor.ms.gov/sites/default/files/Sales%20Folder/2022%20Sales%20Tax%20Holiday.pdfFor a Budget Template: https://consumer.gov/managing-your-money/making-budgetSometimes it takes hearing a message a few times for it to take hold. If you need to hear more, and a little bit different information about budgets, please listen to our September 17th 2019 podcast titled Money Talks: Budgetshttp://moneytalks.mpbonline.org/episodes/m

With identity and data theft on the rise, we’d like to suggest what you can do now and if you are informed of a data breach. Discussion:Ida on the economyCOVID on the economyhow to get a credit reportwhat will they askwhy freeze creating new creditafter you freeze your creditif your credit report is wrongcheck your Social Security Information at ssa.govYou might not be able to keep your data from being stolen but we’ve got tips on what to do if it is. These are tips anyone can use to protect their bank account, the retirement, their credit record. ? https://www.fultonbank.com/Education-Center/Privacy-and-Security/personal-data-breach-tipsChange your passwords                Sign up for two-factor authenticationCheck for updates from the companyWatch your accounts, check your credit reportsConsider identity theft protection servicesFreeze your creditIdentitytheft.govCyber Security podcast from Aug. 9the 2019 http://moneyt

Credit card debt is on the rise. We give some cautionary advice and answer your questions. What do you need to be careful about when using credit cards? Is our situation right now typical? We answer debt or other personal finance questions. Current stock marketBondsPrivate loads can not be converted to Federal Student LoansCredit Cards podcast - 08/08/2020http://moneytalks.mpbonline.org/episodes/money-talks-credit-cardsFree things podcast - 02/09/2021http://moneytalks.mpbonline.org/episodes/money-talks-freeGet a job with help from MS Department of Employment Security podcast - 05/24/2022http://moneytalks.mpbonline.org/episodes/money-talks-getting-a-job-with-mdesThe Gig Economy podcast - 04/30/2019http://moneytalks.mpbonline.org/episodes/5cd31f1533f6c1be55607d54Recent articles about credit card debt:https://www.usatoday.com/story/money/2022/06/29/americans-opening-more-new-credit-cards/50422149/https://abc7.com/credit-card-interest-rates-inflation-cards/12000944/https://finance.yahoo.com/news/jaw-droppin

According to the Mississippi State Treasurer’s office, the average Mississippi student graduates college with $30,000 worth of debt. Also, 30% of these graduates are reporting delaying major life milestones (getting married, buying a house or car, and even having kids!) We'll discuss and answer questions about student loans.Compete to Complete: http://moneytalks.mpbonline.org/5cd31f1533f6c1be55607d6ehttps://www.msc2c.org/https://studentaid.gov/COVID-19 Emergency Relief and Federal Student AidOn April 6, 2022, the U.S. Department of Education (ED) extended the student loan payment pause through Aug. 31, 2022. The pause includes the following relief measures for eligible loans:a suspension of loan paymentsa 0% interest ratestopped collections on defaulted loanshttps://studentaid.gov/announcements-events/covid-19FAFSA website: https://studentaid.gov/h/apply-for-aid/fafsaSubsidized and unsubsidized loansPrivate and government loansPrivate education loans are not eligible for consolidation, but for some Direct Con