Episode 262: Summer Financial Hangover

Gabriel’s voice is back, and so is Our 2 Cents! Today, Steve and Gabriel dive into the idea of a “summer financial hangover,” the importance of financial literacy, and some listener questions you won’t want to miss. Listen in now!Summer Financial Hangover:Learn what a financial hangover is, the warning signs to look out for, and how to get back on track.Financial Illiteracy:Why are so many Americans financially illiterate, and what can you do to become more confident and informed when it comes to managing your money?Listener Comment and Questions:"Dave (Ramsey) recommends investing in good growth stock mutual funds with long track records. Dave only recommends no more than 10% of your funds in individual stocks." – Steven"I just started a new job, and I’m told I can roll the 401(k) at my old company into the 401(k) at my new company. Should I do this so that I have everything in one place?" – Michelle"Now that we’re empty nesters, we don’t need a five-bedroom house. But my wife wants to stay. Would it be financially irresponsible to stay in a house that’s so much bigger than what we need?" – Ed