Monday
Feb 1, 2021 at 12:00 PM
Welcome to NerdWallet's Smart Money podcast, where we answer your real-world money questions. This week's episode starts with a discussion of the recent $1 billion Powerball lottery and the many
Welcome to NerdWallet's Smart Money podcast, where we answer your real-world money questions.
This week's episode starts with a discussion of the recent $1 billion Powerball lottery and the many decisions the winner has to make now.
Then we pivot to this week's question, from Mike in Columbia, Missouri. He says, "When my wife and I met, neither of us had a ton of savings and I was carrying some debt. After years of work, we have no debt other than a mortgage and a good cushion in the bank. We've also had career success that led to big raises in recent years. I feel like the habits that got us here are not necessarily the habits that we need now. It doesn't feel like a good use of our extra funds for it to be sitting in a savings account.