New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …
Robinhood says it will match 1% of IRA contributions on its platform. Nearly half of American workers do not have access to a company-sponsored retirement savings plan. Robinhood says about half a million people are already on its waiting list to open an IRA account. It’s no secret that Americans struggle to save for retirement, …
The traditional Robinhood and Roth IRA match to boost retirement savings Read More »
Tim Robbert | Digital Vision | Getty Images Finding enough money for retirement is a challenge for all workers. Women are 50% more likely to say they are late, compared to 35% of men, according to a new report from Goldman Sachs. In addition, 24% said they were “very late”, compared to 14% of men. …
New data from the Bureau of Economic Analysis (BEA) has revealed that Americans are slowing their savings, despite an increase in their income. Personal income rose $155.3 billion (0.7%) in October, according to the bureau’s estimates, and personal disposable income (DPI) rose $132.9 billion (0.7%) . The downside: increased income has not translated into greater …
When it comes to day-to-day expenses, you may be wondering whether a savings account or a checking account should be used for your expenses and saving needs. You might be surprised to learn that both have several pros and cons. Savings accounts vs checking The main difference between the two is that savings accounts are …
Savings or Chequing Accounts: Which Should You Use? Read More »
Solar panels or heat pump? Both can improve your home’s energy efficiency, reduce your carbon footprint, and most importantly, save you money on your energy bills. Heat pumps use electricity to extract heat from the air and pump it into your home. This heat energy can be used to heat your water supply and keep …
Heat Pumps vs. Solar Panels: Which Provides the Most Energy Savings? Read More »
As a small business owner, you usually have to spend money to make money. The bright side ? You can deduct qualifying business expenses from your taxes to reduce your overall tax payable. But how does radiation work? Here’s what you need to know. How do I write off small business expenses? Writing off small …
Progress has been slow, but American society’s openness to marriage norms and money issues continues to evolve. Married couples now include the LGBTQ+ community and 38% of breadwinners are women. I share this because gender norms are becoming less normal, which actually means no one is immune to the possibility of a spouse using money …
The holidays will be here before you know it, and if inflation squeezes your budget, you may run out of money. Fortunately, there are relatively easy ways to cut costs. “Families and individuals get used to taking on certain conveniences in their lives, which add up quickly,” says Kortney Ziegler, founder and CEO of WellMoney, …
