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How Yanely Became Her Family's CFO + Savings Tips for Aging Parents [BA QA]

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Manage episode 501727458 series 2413496
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

BA Fam, this week’s BA QA Mandi is joined by her girl, Yanely Espinal aka Miss Be Helpful and author of Mind Your Money — to answer a listener question that so many of us can relate to: How do you financially support aging parents when there’s little to no retirement savings in place?

Yanely shares the systems she and her eight siblings built to cover their parents’ expenses, including:

  • Setting up a joint family fund to automate bill payments.
  • Creating a fair way for siblings to contribute different amounts without judgment.
  • Why a high-yield savings account beats investment accounts for immediate needs.
  • Balancing financial support with maintaining their parents’ dignity and independence.
  • How to set allowance boundaries when one parent struggles with gambling.
  • Tips for protecting elderly parents from scams and keeping finances transparent among siblings.

Let’s Connect:
IG: @brownambitionpodcast | @mandimoney
Email: [email protected]

We launched a Patreon! 🎉
🎥 Get early access to ad-free video recordings, join our BA book club, and even score a seat live in the studio during tapings. 👉 patreon.com/brownambition

See omnystudio.com/listener for privacy information.

  continue reading

1237 episodes

Artwork
iconShare
 
Manage episode 501727458 series 2413496
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

BA Fam, this week’s BA QA Mandi is joined by her girl, Yanely Espinal aka Miss Be Helpful and author of Mind Your Money — to answer a listener question that so many of us can relate to: How do you financially support aging parents when there’s little to no retirement savings in place?

Yanely shares the systems she and her eight siblings built to cover their parents’ expenses, including:

  • Setting up a joint family fund to automate bill payments.
  • Creating a fair way for siblings to contribute different amounts without judgment.
  • Why a high-yield savings account beats investment accounts for immediate needs.
  • Balancing financial support with maintaining their parents’ dignity and independence.
  • How to set allowance boundaries when one parent struggles with gambling.
  • Tips for protecting elderly parents from scams and keeping finances transparent among siblings.

Let’s Connect:
IG: @brownambitionpodcast | @mandimoney
Email: [email protected]

We launched a Patreon! 🎉
🎥 Get early access to ad-free video recordings, join our BA book club, and even score a seat live in the studio during tapings. 👉 patreon.com/brownambition

See omnystudio.com/listener for privacy information.

  continue reading

1237 episodes

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