How To!

How To Make a Big Purchase Without Panicking

You can be a big spender and a smart saver at the same time.

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Episode Notes

Alexandra and her boyfriend want to buy a house, but they’re looking in one of the hottest housing markets in the U.S. So when they got outbid for their dream home, Alexandra was secretly relieved. Spending money, even if it’s something she can afford, is absolutely terrifying to her. Alexandra grew up homeless and even though she’s now a lawyer, she has a hard time ever feeling financially secure. On this episode of How To!, we bring on Athena Lent, founder of Money Smart Latina and financial advice columnist for Slate’s “Pay Dirt.” Athena had a similar upbringing to Alexandra and learned the hard way how to revise her beliefs around money. If you figure out your net worth and plan for the unthinkable, you’ll be free to make big purchases without feeling panicked or guilty.

If you liked this episode, check out: “How To Get Out of Debt Faster Than You Think.

Do you have a problem that needs solving? Send us a note at howto@slate.com or leave us a voicemail at 646-495-4001 and we might have you on the show. Subscribe for free on Apple, Spotify or wherever you listen.

Podcast production by Derek John, Rachael Allen, Margret Kelly, and Rosemary Belson.

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About the Show

What if Dear Abby were an investigative reporter? Each week, Amanda Ripley (bestselling author of High Conflict: Why We Get Trapped and How We Get Out) takes on listeners’ toughest problems and, with the help of experts, finds the answers to questions you’ve always wanted to ask but couldn’t. Until now.

Do you have a problem that needs solving? Have you found the advice on our podcast helpful? Send us a note at howto@slate.com or leave us a voicemail at 646-495-4001 and we might play it on the air.

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