Emergency Funds – The BamCam

The Difference Between Financial Literacy & Financial Wellness (Ep. 37)

By The BamCam | March 11, 2025

What’s the difference between Financial Literacy and Financial Wellness?

Hosts Jack Burnette and Alison Castellano discuss how financial literacy is understanding budgets, interest rates, credit scores, and insurance, a key first step to being money smart, but is often not enough to achieve true financial security. Financial wellness, on the other hand, is about feeling confident and in control of your financial future, allowing for reduced stress even when unexpected challenges arise.

Discover more as this episode highlights:

Understanding Financial Literacy vs. Financial Wellness [00:01:00]
The importance of Emergency Funds [00:07:52]
The Role of Financial Advisors in Crafting a Financial Game Plan [00:12:36]
How Couples Can Work Together Towards Financial Wellness [00:09:25]
And more!

Resources:

Connect with Alison Castellano:

Connect with Jack Burnette:

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The Real Costs of Raising a Family (Ep. 7)

By The-BamCam | October 31, 2023

There are expenses every soon-to-be parent knows to expect. Diapers, clothing, baby furniture. But then there are the unexpected costs that creep up in the final trimester and later in life. How can you financially prepare for those expenses?

In this episode, Jack Burnette and Alison Castellano discuss the importance of saving and budgeting for unexpected expenses in life. They share Alison’s personal experience with in-vitro fertilization(IVF) and the costs associated with raising a child, from the toys and furniture to the cost of college in the future.

Jack and Alison discuss:

Why young couples or individuals should start a savings account early
The cost of introducing a new child into the world – and the costs of raising that child
The importance of planning for financial goals as a couple
How to introduce young people to the cost of further education and the importance of saving
And more