Home Insurance Rate Increases and Psychological Traps That Are Costing You

Discover simple rules that can cut budget tracking fatigue and still show you where your money goes. How can you make a budgeting app reflect what you actually bought when one Costco or Target run covers five or 10 different categories? And how can you track those “commingled” purchases without spending your life itemizing receipts? Hosts Sean Pyles and Elizabeth Ayoola talk with personal finance Nerd Amanda Barroso about how to handle mixed transactions so your budget feels usable instead of exhausting. They begin with a discussion of why this problem is so common, features in budgeting apps like Monarch, YNAB, and EveryDollar that make categorizing easier, and how to decide when perfect tracking is the enemy of “good enough.” Then, they discuss practical ways to reduce budgeting fatigue while still learning where your money goes. They discuss how different apps approach splitting transactions, how to think about tradeoffs between accuracy and effort, and how to set simple personal rules that keep you consistent even when shopping gets messy. The Best Budget Apps for 2026: https://www.nerdwallet.com/finance/learn/best-budget-apps  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Find out how tariffs may change prices and how to build sinking funds while saving for retirement. What could the Supreme Court’s tariff ruling mean for the prices you pay and the next move on trade policy? How much should you set aside for sinking funds while you build an emergency fund and contribute to your 401(k)? Hosts Sean Pyles and Elizabeth Ayoola discuss sinking funds and savings priorities to help you balance long-term goals with near-term costs. But first, senior news writer Anna Helhoski joins Sean and Elizabeth to unpack the Supreme Court decision limiting “reciprocal” tariffs tied to the International Emergency Economic Powers Act (IEEPA) with Lourdes S. Casanova, senior lecturer at Cornell University’s SC Johnson College of Business. They dig into the big open questions the ruling raises, including what legal paths might still allow new tariffs, how trading partners and markets could respond, and what tariff refunds and lawsuits could mean for businesses and consumers. Then, Sean and Elizabeth discuss sinking funds and how to decide what percentage of your income to dedicate to them when you’re also trying to hit a retirement savings target. They cover what sinking funds are and why they’re useful, where to keep the money (and why a high-yield savings account often fits), and how to use frameworks like 50/30/20 and time horizon to choose between saving versus investing for specific goals. Best High-Yield Savings Accounts for February 2026: Up to 4.21% https://www.nerdwallet.com/banking/best/high-yield-online-savings-accounts  Are you on track to save enough for retirement? Use NerdWallet’s free retirement calculator to check your progress, see how much retirement income you'll have and estimate how much more you should save: https://www.nerdwallet.com/investing/calculators/retirement-calculator  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Understand common money traps and what to do as homeowners insurance premiums rise across the country. Your brain can be expensive. That’s why hosts Sean Pyles and Elizabeth Ayoola break down three behavioral finance biases (loss aversion, herd mentality, and overconfidence) and how they can lead to costly spending and investing decisions. Then, NerdWallet editor Caitlin Constantine joins to answer a listener's question about whether buying a home still makes sense as homeowners insurance premiums skyrocket and coverage gets harder to find in some areas. They dig into “escrow shock,” FAIR plans, why some homeowners go uninsured, and practical ways to plan for higher housing costs. Plus: what renters can and should protect with renters insurance. Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how concentration risk can affect index funds and how 2026 catch-up contributions work. Senior news writer Anna Helhoski and Ryan Sterling, a wealth advisor with NerdWallet Wealth Partners, break down stock market concentration risk and what it means for index fund diversification. Then, hosts Sean Pyles and Elizabeth Ayoola answer a listener’s question about 2026 catch-up contributions, including FICA wages, Roth 401(k) rules for some high earners, and other ways to boost retirement savings. NerdWallet Wealth Partners, LLC is an affiliate of NerdWallet Inc. NerdWallet Wealth Partners is a fiduciary online financial advisor, offering low-cost, comprehensive financial advice and investment management. Learn more at nerdwalletwealthpartners.com/smart Use NerdWallet’s free investment return calculator to estimate how much your money can grow. Enter your planned contributions, timeline, rate of return and compounding frequency to get started: https://www.nerdwallet.com/investing/calculators/investment-calculator  Backdoor Roth IRA: What It Is and How to Set It Up https://www.nerdwallet.com/retirement/learn/backdoor-roth-ira  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Find out if Bilt’s new credit cards are worth the hassle for earning points on rent or a mortgage. In this special episode, NerdWallet travel writers and Smart Travel hosts Sally French and Meghan Coyle dig into Bilt’s three new credit cards and a rewards system that now includes two currencies: Bilt Points and Bilt Cash. They walk through the big questions listeners have been asking, including when it makes sense to earn on rent, what’s really going on with mortgage rewards, and why the new math (plus shifting details) could change whether you jump in now or wait. Along the way, they weigh the annual-fee tradeoffs, compare Bilt’s new lineup to familiar fan favorites, and share what to watch for as the rollout keeps evolving. Card benefits, terms and fees can change. For the most up-to-date information about cards mentioned in this episode, read our reviews: Bilt Card From Wells Fargo: No Longer Available, but New Versions Coming  Bilt’s 3 New Cards Earn Rewards on Housing, But It’s Complicated  World of Hyatt Card Review: Lavish Benefits, Reasonable Cost Chase Sapphire Preferred Review: Strong Option for Travel Rewards Capital One Venture X Review: A Steal of a Deal Among Premium Cards American Express Platinum Review: Top-Notch Lounge Access, Big Credits Resources discussed in this episode: Dear Bilt Palladium: You’re Welcome to Move in, but You Won’t Pay the Rent Bilt Palladium vs. Capital One Venture X: An In-Depth Comparison Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Find out the best time to go home shopping and whether shared housing bills can affect your plans to retire together. Should you buy a house in the winter or wait for spring? How can you split housing costs and plan for retirement when you and your partner are on different timelines? Hosts Sean Pyles and Elizabeth Ayoola discuss equitable money management for couples to help you understand how to plan a shared future without losing sight of your own financial security. But first, Anna Helhoski joins Sean and Elizabeth to discuss winter homebuying and selling with mortgage Nerds Abby Badach Doyle and Kate Wood. They discuss why winter can mean less competition for buyers, what snow and cold weather can hide during a walkthrough or inspection, and why February can be the moment to get preapproved before the spring rush. Then, listeners Claire and Robbie join Sean and Elizabeth to discuss how to share expenses when one partner owns the house, and how to aim for retirement at the same time despite a 16-year age gap. They discuss ways to rethink “50-50” so it feels fair, what semi-retirement options like barista FIRE can look like when health insurance is a concern, and how life insurance and basic estate planning can protect both partners if life takes an unexpected turn. Use NerdWallet’s free calculator to see how far your homebuying budget could take you: https://www.nerdwallet.com/mortgages/calculators/how-much-house-can-i-afford  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn about money dealbreakers in dating, then how to plan ahead for assisted living and Medicaid costs. First, hosts Sean Pyles and Elizabeth Ayoola dig into a new dating dealbreakers study with NerdWallet spokesperson and credit card writer Sara Rathner. They unpack why “financial infidelity” can feel like a relationship ender, what people are most likely to hide, and how to start money conversations earlier without turning the third date into an audit. They also share ways to talk about spending, expectations, and values so you can spot incompatibilities before big commitments. Then, personal finance Nerd Kate Ashford (a certified senior advisor) helps answer a listener's question about caring for an aging parent and budgeting for senior living. She discusses how assisted living costs can vary dramatically by location, what’s typically included in base fees vs add-ons, and how “buy-in” communities like continuing care retirement communities (CCRCs) compare with standard monthly-pay models. They also walk through key planning moves if a future nursing home stay is possible, including what to know about Medicaid being state-run, where to start researching benefits, and how to prepare for the paperwork and timelines. 0:00 Who will care for you in old age? 0:52 Dating money dealbreakers: debt and financial lies 3:33 Why couples hide purchases and spending 5:59 Rebuilding trust after financial infidelity 8:14 Dealbreakers: tipping, splitting dates, savings 13:16 Talking money early: what’s a red flag? 18:02 No-spend challenge: Brick and cash-only 20:35 Friction hacks to curb impulse spending 21:49 Listener question: budgeting for senior care 23:40 Assisted living costs and what drives prices 31:02 Monthly vs buy-in CCRCs and refund rules 33:34 How long care lasts: model best/worst cases 38:00 Medicaid basics: eligibility, look-back, who can help 40:21 Final tips for families planning senior living NerdWallet Survey: One in 10 Americans Would Never Date Someone with Credit Card Debt https://www.nerdwallet.com/finance/studies/data-undateable-debt  Cost of Long Term Care by State | Cost of Care Report | Carescout https://www.carescout.com/cost-of-care  Eldercare Locator https://eldercare.acl.gov/home  Medicaid.gov: The Official U.S. Government Site for Medicaid and CHIP Services | Medicaid https://www.medicaid.gov/  Medicaid Planning Assistance – Helping Americans obtain the Medicaid long term care they require https://www.medicaidplanningassistance.org/  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to plan for self-employment taxes and understand how savings interest can affect your tax bill. How can sports betting apps affect your finances? How do you set up taxes for 1099 contract work? Hosts Sean Pyles and Elizabeth Ayoola discuss self-employment taxes to help you prepare for tax season and avoid surprises. But first, senior news writer Anna Helhoski joins them to discuss the rise of sports betting and prediction markets. They break down how legal sports betting expanded after a 2018 Supreme Court decision, how app-based betting and prop bets make it easy to wager in real time, and the growing concerns around addiction risk, regulation, and the nonstop flood of betting ads. Then, Sean and Elizabeth dig into tax prep for contract work, including how business structure can affect self-employment taxes, ways to pay during the year through quarterly estimated payments or adjusting W-2 withholding, and how to stay organized with bookkeeping, deductible expenses, and forms like 1099-NEC. They also cover what to expect tax-wise with a Roth IRA and why high-yield savings account interest is typically taxed as ordinary income (often reported on Form 1099-INT). Use NerdWallet’s free calculator to estimate your self-employment tax: https://www.nerdwallet.com/taxes/calculators/self-employment-tax-calculator  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: self-employment taxes, 1099 contractor taxes, estimated taxes, quarterly estimated tax payments, Form 1099-NEC, Schedule C, Schedule SE, sole proprietor taxes, S corp vs LLC taxes, S corp reasonable salary, self-employment tax rate 15.3%, net earnings self-employment tax, W-2 withholding for side hustle, Form 1040-ES, bookkeeping for freelancers, deductible business expenses, home office deduction, business bank account, separate business and personal finances, business credit card for expenses, tax deadline for S corp, first time penalty abatement, IRS penalty abatement, Roth IRA taxes, Roth IRA income limits 2026, Roth IRA phase-out, traditional IRA tax deduction, SEP IRA, SIMPLE IRA, tax forms for freelancers, Form 1099-INT, high-yield savings account taxes, sports betting taxes, sports betting apps, DraftKings, FanDuel, prediction markets, Kalshi, and Polymarket. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ideas for spending less in February and learn how deferment affects Public Service Loan Forgiveness (PSLF) payments. How can a month-long spending challenge reset your money habits? Should you keep paying student loans while in grad school if you’re close to Public Service Loan Forgiveness and planning a move? Hosts Sean Pyles and Elizabeth Ayoola discuss no-spend experiments and “friction” strategies to help you build spending habits that stick while juggling big life changes. Joined by personal finance Nerd Amanda Barroso, they begin with a discussion of designing a February no-spend challenge, with tips and tricks on setting rules that fit your life, deciding where the saved money will go, and avoiding a binge-and-purge rebound. Then, lending Nerd Kate Wood joins Sean and Elizabeth to help answer a listener’s question about how to weigh student loan payments against saving for a new home. They discuss how deferment affects qualifying PSLF payments, what to check before switching repayment plans or taking out new grad school loans, and how to prioritize cash flow when you’re balancing a car payment, a mortgage, and an emergency fund. See NerdWallet’s list of the best private student loans: https://www.nerdwallet.com/student-loans/best/private-student-loans  See all the winners of NerdWallet’s Best-Of Awards: https://www.nerdwallet.com/l/awards?utm_source=sm&utm_medium=podcast&utm_campaign=cm_organic_020226_podcast_sm_desc_allepisodes_best-of-awards  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: no-spend challenge, low-spend challenge, spending freeze, budgeting challenge, money habits, impulse spending, track expenses, friction-maxxing, cash-only budget, stop online shopping, takeout spending, spending triggers, phone addiction and spending, Brick phone blocker, attention and spending, sinking fund, emergency fund, high-yield savings account, student loan deferment, student loan payments in grad school, Public Service Loan Forgiveness, PSLF qualifying payments, PSLF payment count, qualifying employer PSLF, income-driven repayment, PAYE repayment plan, Income-Based Repayment, Income-Contingent Repayment, Repayment Assistance Plan, graduate student loan changes 2026, Grad PLUS loans, federal student loan borrowing limits, professional degree loan cap, nursing graduate student loans, buying a house with student loans, mortgage planning, moving costs, car payment budget, and student loan forgiveness uncertainty. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

See what gold and silver highs mean and how to plan retirement spending without the 80% rule. Is gold’s record run a sign you should buy? Do you really need 80% of your income in retirement? Hosts Sean Pyles and Elizabeth Ayoola discuss retirement income rules of thumb to help you understand how to estimate what you might spend after you stop working. But first, senior news writer Anna Helhoski joins Sean and Elizabeth to break down the precious-metals rally with investing writer Sam Taube. They discuss why investors treat gold and silver as “safe havens,” how a weakening U.S. dollar and tariff-driven uncertainty can move prices, and what to consider if you’re deciding between physical metals and gold ETFs. Then, James Bashall, COO and advisor for NerdWallet Wealth Partners, joins Sean and Elizabeth to discuss how to plan for retirement without blindly relying on the 80% rule. They discuss where the 80% benchmark came from, how other shortcuts like the 4% rule and the “rule of $1,000” can shape your thinking, and why running multiple spending scenarios (including a “spending smile”) can help you balance travel, inflation, and health care costs over time. Wondering how to buy gold? You have several options, including bullion, gold stocks, gold funds and gold futures. Learn more about the pros and cons of each: https://www.nerdwallet.com/investing/learn/how-to-buy-gold  If you want to learn more about working with a financial advisor, then visit NerdWallet Wealth Partners at nerdwalletwealthpartners.com/smart Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: gold prices, silver prices, gold record high, investing in precious metals, gold vs silver, safe haven asset, hedge against inflation, hedge against a falling dollar, U.S. dollar decline, dollar index, portfolio diversification, gold ETF, best gold ETFs, physical gold, gold bullion, buying gold coins, storing gold safely, selling gold jewelry, central banks buying gold, geopolitical uncertainty investing, tariffs and markets, market volatility hedge, Goldman Sachs gold forecast, commodity investing, rebalancing portfolio, silver industrial demand, silver for electronics, AI chips silver demand, electric vehicle silver demand, retirement income replacement, 80% rule retirement, retirement spending, 4% rule, withdrawal rate, Monte Carlo retirement simulation, and retirement healthcare costs. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices