<p>Foil windings have, due to their layered structure, different properties than conventional wire windings, which make them advantageous for high frequency applications. Both electromagnetic and thermal analyses are relevant for foil windings. These two physical areas are coupled through Joule losses and temperature dependent material properties. For an efficient simulation of foil windings, homogenization techniques are used to avoid resolving the single turns. Therefore, this paper comprises a coupled magneto-thermal simulation that uses a homogenization method in the electromagnetic and thermal part. A weak coupling with different time step sizes for both parts is presented. The method is verified on a simple geometry and showcased for a pot transformer that uses a foil and a wire winding.</p>