Posts

The White House is hosting the first Easter Egg Roll in two years on April 18 and staff are helping out by preparing baggies filled with liquid Egg Beaters in a cost-saving attempt to combat the rising cost of eggs. By David Nadelle See: 5 Best Foods To Buy in Bulk at Costco This Spring Find: 10 Dollar Store Items That Aren’t Even Worth the Buck Okay, we’re a few days late for April Fools’ Day, but all joking aside, nationwide outbreaks of avian flu are disrupting chicken flocks and causing egg prices to rise sharply....

Allianz chief economic advisor Mohamed El-Erian told CNBC yesterday in a video interview that he believes Federal Reserve officials are underestimating inflation at the risk of sparking a recession. Allianz is a multinational financial services company headquartered in Munich, Germany. By Dawn Allcot See: The Fed Finally Raises Expectations on Inflation Find: Interest Rates Aren’t Going Anywhere Yet — How Stagnation Benefits Homeowners and Banks The Fed has recently held the stance that the inflation is only transitory, triggered by rapid economic recovery as COVID-19 vaccines become more widespread and businesses reopen....

On May 18, Hedge Fund Melvin Capital announced that it was closing operations after losing billions following the meme stock saga and recent market slump, Reuters reported. By Dawn Allcot Explore: 7 Best Side Gigs To Earn an Extra $1,000 a MonthFind: Best Cities To Retire on a Budget of $1,500 a Month Melvin Capital was one of the key players in the meme stock saga of 2021, where trading platform Robinhood shut down trading for GameStop, AMC and a few other stocks as shares skyrocketed....

Most young investors — members of both the Gen Z and millennial generations — can access the stock market more easily than any previous generation, and a new survey finds that while these investors are bridging new and old investing strategies, risk is top of mind for all of them. By Yaёl Bizouati-Kennedy See: Millennials Own More Crypto Than Any Other GenerationFind: Surprising Ways Gen Z and Millennials Are Worlds Apart Financially...

It’s National Family Day, so make sure to carve out plenty of time for yours on this Monday … and just a little time to catch up on today’s top financial stories. By Gary Dudak The Big Lead: 14 States Extending SNAP Emergency Allotment Money Through October 2022 In most states, the additional benefits provided by the SNAP emergency allotment during the pandemic have already expired, but more than a dozen states have extended them through October 2022....

Returning to relative normality after the pandemic — but still burdened by steady high inflation and escalating consumer prices — retailers are getting an early jump on this coming holiday season. For those in the toy industry, holiday marketing has already begun in earnest. By David Nadelle See: $2,000 Quarter? Check Your Pockets Before You Use This 2004 CoinFind: This Credit Score Mistake Could Be Costing Millions Of Americans However, the much-anticipated holiday shopping list from The Toy Insider provides an all-in-one toy shopping and resource guide for parents, showcasing more than 360 toys from 145 manufacturers, according to PR Newswire....

Amidst the New York Times’ admission that Hunter Biden’s laptop, containing emails that confirmed his involvement with Ukrainian gas company Burisma, President Joe Biden’s son is once again making headlines. CelebrityNetWorth.com says that his dealings on the board for the gas company earned him a monthly retainer as high as $50,000. By Dawn Allcot See: How Much Is President Joe Biden Worth? Find: The Bidens, Trumps, Obamas and More: The Wealthiest Presidential Families...

The extraordinary events of the last two years make it easy to forget that the housing market was sizzling before the coronavirus ever made landfall. The millennials — America’s largest living generation — were nearing the apex of their prime homebuying years in 2019. A lumber shortage was making building materials expensive and hard to come by, interest rates were low, and new construction had been insufficient for years. By Andrew Lisa “The U....

Of 14 major cities reporting October data, consumer prices climbed 5.6% in the Philadelphia area, according to the Labor Department. By Yaёl Bizouati-Kennedy POLL: Rising Inflation and Personal Spending Woes Continue — Have You Been Affected?Learn: The Labor Shortage May Not Be Because of Unwilling Workers — Here’s Why The consumer price index surged 6.2% from a year ago in October, the most since December 1990, according to Labor Department data released November 10....

J.Crew Credit Card Overview If you are a loyal J.Crew shopper, this credit card could come in handy for enjoying exclusive access to sales and earning rewards. The application process is also quick and simple. By Scott Jeffries Overview How To Apply Who It’s Best For Final Take Fees 4.5 Online Account Management 4.5 Versatility of Use 3.0 Rewards 4.0 Pros Access to a priority phone number is only available to cardholders Member-only events Special birthday surprises No annual fee Cons Rewards can only be used at J....

Many moments in our lives require some form of a financial plan B. This is the plan we turn to in the event our first choice doesn’t work out or we need some backup for additional security. For example, if someone applies for a job, the chances are they will apply for a few jobs. Many will also set aside some money in an emergency fund to cover unexpected expenses....

The Board of Trustees of the Social Security Trust Fund released its “2022 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds” on June 2, increasing the Social Security wage base to $155,100. By Yaёl Bizouati-Kennedy See: 8 Remote Jobs That Pay at Least $20 Per Hour Find: Ways You Can Lose Your Social Security Benefits The wage base limit is the maximum wage that’s subject to the tax for that year, according to the Internal Revenue Service (IRS)....

Capital gains tax is not only applicable to stock investors — if you’re one of the many who sold their home for a major profit this year, you might owe the IRS. By Georgina Tzanetos See: 32 Insider Tips for Buying and Selling a House Find: Is Your House Not Selling? Here Are 4 Major Reasons Why The IRS states that if you have a capital gain from the sale of your main home, you can exclude “up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse....

The Texas Health and Human Services department provides SNAP food benefits and temporary assistance for needy families in the form of cash through what it calls the Lone Star Card. It is a plastic card that acts like a normal debit card to pay for items at the grocery store. Keep reading to find out more about the benefits it provides. By Georgina Tzanetos SNAP Benefits: Can You Use EBT Card/Food Stamps To Purchase Hot Food?...

Autumn is in full swing and Thanksgiving is just around the corner. If you haven’t started stocking up on Thanksgiving essentials, now is definitely the time — and the dollar store might be the place to go. By Nicole Spector Holiday Spending: Get Top Holiday Shopping and Savings TipsFood Stamps: What Is the Maximum SNAP EBT Benefit for 2023? With inflation still crushing our wallets, it’s paramount for folks to not only get exactly what they need for their Thanksgiving (or Friendsgiving) dinner, but also to find those essentials on a budget....

It is probably cold comfort to consumers in 2022 that the current inflation rate is kid stuff compared to the inflation rates Americans faced in the 1970s and early 1980s, when prices regularly rose in double digits. By Vance Cariaga See: Economists Keep Saying This Isn’t 1980s Inflation, But What Does That Mean?Find: How Much Is Inflation Actually Costing the Average Family Each Month? The United States could still get there this year if the rate of inflation continues to push higher and higher, as it has been doing in recent months....

TikTok isn’t just about viral dance videos. It has quickly become a popular resource for personal finance advice — but unfortunately, not all of it is good. While there are some legitimate money experts on the app, there is a lot of financial advice floating around on TikTok that is misleading or just plain wrong. By Gabrielle Olya See: TikTok Influencers Are Paid More Than CEOs — But Which Is the Better Long-Term Career Path?...

The total number of states providing relief child tax credits or deductions has risen to 12, as New Jersey recently passed its own child tax credit legislation. By David Nadelle Child Tax Credit Update: What New Jersey’s $500 Payment Entails and Who’s EligibleDiscover: Mitt Romney Wants To Send Parents $350 To Soften Inflation’s Financial Blow The federal enhanced Child Tax Credit provided working American families with $3,000 per child under 18 years of age and $3,600 per child six and younger....

While there are no guarantees any small business will succeed, taking the wrong approach to starting one may often guarantee its failure. If you are considering starting a business during a recession, here are a few signs it may be a bad idea. By Heather Taylor See Our List: 100 Most Influential Money ExpertsLooking To Diversify In A Bear Market? Consider These 6 Alternative Investments You Want To Get Rich Quick Why do you want to start a business?...

Venmo Credit Card Overview The Venmo credit card is a branded card issued by Synchrony Bank and licensed by Visa USA Inc. to be used in conjunction with an established Venmo app account. The credit card can be used as a payment method with the app and also shares features with the Venmo app, such as the ability to split purchases. By Emily Cahill Overview Highlights Features Rewards Advantages Disadvantages...