Get Smart on Gambling Money Management, Mortgage Rates and Home Purchases

Get answers to common questions about knowing how much money to put towards a home purchase plus advice on setting yourself up for 'success' when it comes to gambling at a casino.

Should you use all your savings to buy a house and avoid a mortgage?

How can you smartly budget for a casino vacation without breaking the bank?

Hosts Sean Pyles and Sara Rathner discuss the psychology behind gambling, how to manage your casino budget and why you should make a plan before heading out for a night of gambling.

Then, mortgage Nerd Kate Wood joins the show to answer a listener question about how much of their savings they should put towards buying a new house. The Nerds go over the pros and cons of paying for a house outright, using up all your savings to purchase a house, how interest rates factor in and also other options to consider for making a financially responsible home purchase.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

Like what you hear? Please leave us a review and tell a friend.