Happy Monday, everyone. We’re back with the lowdown on the most important financial stories of the day. Check ’em out. By Gary Dudak The Big Lead: USPS To Hike Stamp Prices The price of a U.S. First-Class Mail stamp is expected to increase again — from 58 cents to 60 cents beginning July 10 — and the United States Postal Service (USPS) is hinting at more hikes on the way....
You want your kids to be financially savvy, but right now, that’s limited to short-term savings in their piggy bank. While teaching them to save up for small purchases — i.e., toys — is great, it might be time to take this lesson to the next level. By Jennifer Taylor Check Out: What It Really Costs To Attend America’s Top 50 CollegesBe Prepared: How Much Does It Cost for College Test Preparation and Is It Worth It?...
The U.S. birth rate has been dropping over the past several years — specifically among millennials — leaving many to wonder whether it will have broader implications for Social Security benefits. By Josephine Nesbit See: Social Security Benefits Might Get Cut Early — What Does It Mean for You?Find: Should You Refinance Now With the Low Mortgage Rates? In addition to having fewer children, parents are having them later in life....
In its most basic form, a monthly budget tracks how much money you bring in and how much you have to spend on your needs. Whatever’s left over is yours to spend how you like or to save for the future. By Andrew Lisa Holiday Spending: Get Top Holiday Shopping and Savings Tips Stimulus Checks: Mark These Dates on Your Calendar Now Without one, you’re stuck guessing — and when it comes to personal finance, guessing is a sure ticket to overspending, undersaving and debt....
With growing doubts about the pace of economic growth and a post-pandemic boom, investors are increasingly turning to large cap tech stocks to hedge against inflation and possible economic downturns. By Georgina Tzanetos Read More: As Americans Prepare for Higher Inflation, Food and Gas Prices May Soon FallEconomy Explained: Inflation’s Ups and Downs: How It Impacts Your Wallet Bloomberg reports that resurgent doubt regarding the strength of the economic recovery post-COVID has traders shifting back into the tech behemoths “whose dominance of high-growth industries leaves them poised to keep sales and profits rising even if the economy slows down....
More than a year and a half into the “new normal,” restaurants and grocery stores are still struggling with shortages and delays when it comes to the supply of basic goods. While there’s plenty of food to go around, there isn’t always enough power behind processing and transportation requirements to keep up with rising demand, Bloomberg reported. By Josephine Nesbit “Any given day, you’re going to have something missing in our stores, and it’s across categories,” Vivek Sankaran, chief executive officer of Albertsons, explained....
Elon Musk — still the richest man on the planet — has lost $50 billion in two days after Tesla shares tumbled for the second day in a row. By Yaёl Bizouati-Kennedy See: Tesla Memes are Raging on Reddit’s WallStreetBets After the Stock Dropped 5% MondayExplore: Experts Say SpaceX Might Make Musk a Trillionaire His net worth stood at $340 billion on November 4, dropping to $288 billion on November 9, according to the Bloomberg Billionaires Index....
Very few people pay for things with cash anymore Credit is often the simpler way to go, and a lot of people use their credit cards to earn cash back or points on things like travel, so it’s the common way to pay. By Jordan Rosenfeld Final Thoughts: Why Was Your Card Declined? See Our List: 100 Most Influential Money ExpertsLearn: 7 Surprisingly Easy Ways To Reach Retirement Goals So, it’s never a good feeling when you go to make a purchase and your credit card is declined, but it happens more than you’d think, for a lot of different reasons....
To many, the subject of money is simply off limits. Asking questions like how much someone paid for something, what they make or what they spent on their house was once considered taboo and somewhat tactless. By Crystal Mayer Here It Is: Our 2022 Small Business Spotlight Learn: 7 Surprisingly Easy Ways To Reach Your Retirement Goals Today, however, standards are changing. It is not unheard of for someone other than a prying mother-in-law to feel comfortable inquiring what you paid for your car, your purse or even your pet....
If you have what it takes to be a nut sorter, dowel inspector, egg processor or cutter-and-paster of press clippings, congratulations — the Social Security Administration says you can work those jobs instead of having to rely on disability benefits. By Vance Cariaga Social Security Payment Schedule 2023: What Dates To Watch Out ForDiscover: 5 Things You Must Do When Your Savings Reach $50,000 There’s one problem, though: None of those jobs exist anymore, even though they’re still listed in the federal government’s Dictionary of Occupational Titles....
Most Americans are familiar with Social Security, but few have a complete understanding of exactly how it works. In fact, some simply believe that once they retire, Social Security will kick in and cover their retirement expenses for the rest of their lives. Others feel the opposite, believing that Social Security might be nice to have but that it doesn’t contribute a significant amount of retirement income. By John Csiszar Retirement at Any Age: Get Retirement Tips That Fit Every Stage of LifeMore: 6 Things You Must Do When Planning For Retirement...
What Is Step Banking for Teens? Step is a banking app available for anyone over the age of 13 including adults, but it is built with teens in mind. Founders Alexey Kalinichenko and CJ MacDonald saw that most children lack an understanding of financial management and created Step to help teens get a headstart before heading out into the world. By Brandy Woodfolk About Step Features What It Offers Fees...
Supplemental Security Income (SSI) recipients will receive their next payment on February 1, 2023. SSI benefits are usually paid on the first unless the date falls on a weekend, in which case payments will be issued the Friday before. If you don’t receive your SSI payment on the expected date, the Social Security Administration (SSA) says to allow three additional mailing days before contacting Social Security. By Josephine Nesbit SSI benefits are provided to low-income Social Security recipients with a disability....
Summer camp can be a fun and adventurous way to keep kids occupied during the summer, while giving parents a peaceful respite from having to entertain 24/7. Though the registration fee for the camp is expected (usually averaging around $760 per week for sleepaway camp and around $315 per week for day camp), the costs don’t stop there. Parents might also have to dip into their wallets for additional expenses that come along with the preparation, unexpected fees camp fees and even some fees that come after....
Although he didn’t know it at the time, the crash that brought down Peter Sagan’s cycle at the Tour de France would also bring down his dreams of Tokyo gold. By Andrew Lisa Peter Sagan Net Worth: $30 Million The three-time world champion announced he will miss the 2020 Olympics after receiving surgery for an infection in his knee that started with the crash. It would have been the Slovakian’s third trip — he pedaled through the 2012 Olympics in London as well as the 2016 games in Rio....
You spent time and money to send a gift to someone, but they haven’t acknowledged it. Therefore, you don’t know whether they simply forgot to reach out or if they didn’t actually receive the item. Obviously, you want to know if the gift was received, but you’re not sure how to ask. You don’t want to appear pushy or like you’re demanding a thank you — even if you are — so you’re standing by, trying to figure out your next move....
With a new year came new attempts to return to work as we knew it pre-pandemic — together again back in the office. Despite the new year, return-to-work efforts continue to crash into the same old roadblocks. Although many companies launched a post-Delta full-court press to get their employees back into the office this winter, one back-to-work mandate after another crashed and burned. By Andrew Lisa No matter which side of the employee/employer dynamic you find yourself on, you’d be wise to plan to wait for a return to office life....
Although credit cards offer a high level of convenience, they’re not for everyone. If you have trouble paying off your balance every month, you’ll end up paying high interest charges and potentially damage your credit score. However, for those who can use credit cards responsibly, they can be a great financial tool. For starters, proper credit card usage can raise your credit score, which will potentially lower the interest rate on any future borrowings, from auto loans to home mortgages....
Can you hear that? It’s the sound of less expensive, over-the-counter hearing aids being approved by the FDA. By David Nadelle See: What Is the Average Social Security Benefit at Age 62?Find: 8 Purchases Retirees Almost Always Regret On Tuesday, Aug. 16, the U.S. Food & Drug Administration (FDA) issued a final rule that establishes a new category of over-the-counter (OTC) hearing aids that can be purchased directly from stores or online retailers without the need for a medical exam, prescription or a fitting adjustment by an audiologist....
Americans’ millionaire mindset is on the rise, underscored by the fact that Google searches for “how to become a millionaire” jumped 22% during the pandemic compared to previous yearly averages, a new study found. By Yaёl Bizouati-Kennedy See: Best Cryptocurrencies to Invest In for 2021Find: 25 Best Startup Business Ideas to Make Money in 2021 With more time at home and less time commuting and socializing, Americans started looking for ways to grow their bank accounts and achieve that millionaire status, the PlayUSA study said....
