International Budget Travel, and Firing Financial Advisors

Learn how to travel abroad on a budget and how to part ways with a financial advisor whose services are unsatisfactory. 1:15 This Week in Your Money: It’s possible to travel abroad on a budget, according to NerdWallet Travel editor Meghan Coyle. She joins hosts Sean Pyles and Liz Weston to discuss the pros and cons of using budget airlines for international travel. She discusses the overall change in flight prices over the last few years, how reliable budget airlines are when compared with other larger airlines, and what to look for in terms of hidden fees and terms so you’re not surprised by unexpected costs. She also offers tips for a better budget airline experience, including in-flight food and entertainment — and investing in a good neck pillow. 13:44 Today’s Money Question: A listener named Melissa joins Sean and Liz to ask for help deciding whether she should fire her financial advisor. Melissa expresses concerns about the performance of her investments and questions the fees she is paying her advisor. She also shares her struggles with balancing debt repayment, enjoying life in the present, and planning for the future. The hosts discuss what to look for in a financial advisor before working with them, then help Melissa understand what it takes to become a financial advisor after she expresses interest in becoming a certified financial planner herself. 40:22 Wrap-up Segment. In their conversation, the Nerds discuss: international travel, budget travel, debt repayment, financial freedom, cheap flights, safety of budget airlines, financial challenges, Dave Ramsey, living in the present, retirement planning, financial advisors, fee-only fiduciaries, certified financial planners, the Financial Therapy Association, personal finance, grad school loans, financial well-being, high-yield savings accounts, 529 plans for saving for education costs, debt management, travel insurance, cancel for any reason policies, portfolio diversification, index funds, financial advisor fees, fiduciary responsibilities, how to become a financial advisor, and the Financial Independence, Retire Early (FIRE) movement. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices