In this episode of Philanthropy, host Jessica Iron welcomes financial planner Evelyn Lapina to discuss the importance of financial health. They explore various strategies for managing debt, such as budgeting and the 50-30-20 rule, which allocates income to needs, wants, and savings. Evelyn emphasizes the significance of creating a plan to tackle debt, including the debt avalanche and snowball methods. They also discuss the emotional impact of financial stress on relationships and the importance of having open conversations about money. Evelyn advises on setting financial boundaries, especially for women, and highlights the value of financial literacy and education. The episode concludes with practical tips for saving money, investing, and achieving financial freedom.
