‘Instead of the holiday buffet, it’s egg and toast at home’

angel may

My Money is a series looking at how people spend their money – and the sometimes tough decisions they have to make. Here Priya Aiyer from Canterbury in Kent takes us through a week in her life during the coronavirus pandemic.

Priya is 29 and works full-time as an architect for a global construction company. When she’s not designing buildings, her interests include drawing cartoon illustrations and enjoying a good exercise session to train towards becoming a fitness instructor. She is also active in campaigning for racial equality and diversity.

She lives with her fiancé Ben and his mother. She and Ben would have been on holiday in Madeira this week, but it was cancelled due to the pandemic.

Over to Priya…

I would have preferred to spend this week on holiday with Ben. Alas, Madeira was cancelled so have decided to have the week off anyway to refresh. We

Read More

Money Market Funds vs. Money Market Accounts

angel may

When deciding where to save and invest, your choices will depend on your goals, time frame for saving and risk tolerance. A money market fund is one option; a money market account is another. While they sound similar, they actually work very differently when it comes to growing your money over time. Further, only one of these is insured against loss by the FDIC. Understanding the differences between a money market account and a money market fund can help you decide which one to include in your saving and investing plans.

Money Market Fund, Definition

A money market fund is an investment vehicle, rather than a deposit account. You can invest in money market funds through an online brokerage, either inside a tax-advantaged savings account like an IRA or through a taxable brokerage account.

A money market fund is essentially a type of mutual fund that holds other securities, such

Read More

50 Ways You’re Throwing Money Away

angel may

You probably don’t realize all the ways you’re wasting money and leaving free money on the table — and these little missteps can add up to big dollar losses. Fortunately, once you’re aware of these bad money behaviors, you can take steps to change them. Making small tweaks to your lifestyle and spending habits could pay off in a big way.

Keep reading to find out the costly money mistakes you’re making — and how to stop making them so you can keep more money in your wallet.

While layaway might seem like a sensible way to hold onto something you want to buy, it’s not always a smart way to net savings. That’s because layaway locks you into a certain price and — if ultimately financed by a credit card — additional interest charges.

Having a high-interest savings account can help you grow your money and build an emergency … Read More

BMW could make features like heated seats, adaptive cruise into subscription-based add-ons

angel may

See Full Image Gallery >>

BMW just announced a couple different tech initiatives. One is a software update for iDrive 7.0 that will be sent out wirelessly to BMWs equipped with that infotainment software. The second is an expansion of its ConnectedDrive Store, and it’s this second announcement that will likely draw criticism from future BMW buyers.

Why, you ask? Well, we’re sure you all remember the Apple CarPlay subscription method debacle. For a couple years, BMW forced buyers to pay a continuous fee for access to Apple CarPlay in its vehicles, whereas every other car company either made it free or charged upfront like a regular option on a car. BMW has since ended this subscription program and made Apple CarPlay standard on every new car, mostly because everybody yelled loudly enough about it. 

This same model is making a return, but instead of CarPlay, BMW has announced its

Read More

19 Money-Saving Secrets Target Doesn’t Want You To Know

angel may

If you frequently shop at Target, you already know this retailer can help you save money on anything from pillows to Pepsi. With more than 1,800 stores across the U.S., the retail giant has made its reputation as a low-price mecca.

But as easy as it is to save money at Target, those with extra Target intel can save even more. GOBankingRates asked savings experts for money-saving tips to make your Target shopping experience better than ever.

Last updated: Jan. 23, 2020

1. Pick Your Day

Because most Targets mark down certain departments on specific days for clearance, knowing the schedule can help you find the best Target deals.

“For instance, you’ll find the best deals on clearance electronics on a Monday and sporting good clearance on Thursday,” said Christy Palmer, founder of the All Things Target blog.

Here’s a schedule Palmer said is good for most Targets:

Monday: Electronics,

Read More

This demographic tends to rely on news to make money decisions

angel may

Older Americans are putting overwhelming faith in news to inform their financial decisions as compared to the younger generation, according to the first installment of the new Yahoo Finance-Harris poll.

Eighty-one percent of people ages 55 years and older say their money and investment decisions are influenced by the coverage of current events. Only 25% of people between 18 and 34 years old use the news as an information source for their financial decisions.

The results stem from a poll of 2,033 respondents, conducted from June 15 to 17. Yahoo Finance has teamed up with Harris to produce monthly insights on consumer and workplace trends

Fifty-five percent of U.S. adults get their news from social media, according to a 2019 Pew Research Report, up from 47% in 2018. And Facebook (FB) is the top destination among its peers, with 52% of all U.S. adults getting their news from the platform.

Read More

Money Inc: Looking for Deals

angel may

Click here to read the full article.

When coronavirus first hit, beauty investors sheltered in place and routed efforts toward their existing portfolio companies to make sure that those brands could weather the storm. But now that reopening has begun and private equity executives are emerging into a changed world—one that has undergone several months of a pandemic and the global swell of the Black Lives Matter movement—their perspectives on beauty deals have, at least somewhat, been altered.

The fundamentals remain the same: Investors want growing businesses in attractive categories with good management teams and solid brand DNA. But other aspects—like profitability and a strong direct-to-consumer connection—have taken on even more importance, sources said. Diversity, too, has become a priority for leaders as they assemble boards and pick the companies they invest in, with several sources saying they will consciously work to invest in black-owned businesses and hire black executives

Read More

28 Genius Side Hustles You Never Knew Existed

angel may

If the lyrics to the Dolly Parton song “9 to 5” could be your autobiography, maybe it’s time to consider some unconventional ways to make money. After all, if you’re “barely gettin’ by,” you’re probably looking for creative ways to earn extra cash about now.

Whether you’re struggling to pay the bills or just looking to pad your savings account, check out some clever ways to earn a buck that are on the strange side.

Last updated: Dec. 29, 2019

1. Work as a Living Statue

Individual performance artists make money posing as living statues on street corners around the world. There are even companies like the Rhode Island-based Ten31 Productions that hire performers to work as living statues for events such as WaterFire in Providence.

 

2. Deliver Phone Books

It might seem hard to believe, but those old-school phone books that show up on front doorsteps are delivered by

Read More

Underage teens use Klarna to fund ‘free money’ shopping sprees online

angel may

Teen shopping online cartoon
Teen shopping online cartoon

Teenagers have exploited a credit loophole to go on “free” shopping sprees, it has emerged. Klarna, Britain’s biggest “buy now, pay later” lender, has been forced to over­haul its security system after a 16-year-old girl was able to open an ­account on the website and rack up debts of more than £500 through buying clothes ­online.

As disclosed this week by The Tele­graph’s consumer champion, Katie Morley, the minor was able to set up a Klarna profile by opening an account using her own name but her mother’s date of birth. This fooled the credit check system into thinking the girl and her mother were the same person, even though no one of that name, age and address existed on the electoral roll. It has exposed an alarming security flaw at the increasingly popular ­service, which is strictly for adults.

Klarna, which has seven million British

Read More

‘I wonder if my wallet or body will recover?’

angel may

My Money is a series looking at how people spend their money – and the sometimes tough decisions they have to make. Here Zak Hoblyn from London takes us through a week in his life as a first-time buyer during the coronavirus pandemic.

Originally from Wiltshire, Zak is 27 and lives in North London with his fiancée Leah who is a radio presenter. He works as a lift and crane engineering surveyor and loves his job. However, he says it is made hard by his height; reaching for door releases can be difficult at 5ft 6″. The couple hope to get married in July 2021 in Glastonbury.

He enjoys running so much he describes himself as “addicted” to it. He is running both the rescheduled Tokyo and London marathons (last year he completed the Paris marathon – his first ever.) Another hobby is finding bars and pubs in an attempt

Read More