Households not out of the woods yet' despite Energy Price Guarantee extension
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Households are still facing a 67-a-month energy bill increase from April despite the welcome extension to the Energy Price Guarantee (EPG) at its current rate until the summer.
Demand from house hunters fell for tenth month in a row in February surveyors
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails House sales are more likely to be being agreed at a discount typically when homes are priced above 500,000 than below this level, research by surveyors suggests.
'Severe impact' of rising living costs on disabled households highlighted
Households where people have disabilities are particularly likely to have recently struggled to keep their home warm, have relied on friends and family for financial help, and had to make cutbacks on meals, showers or baths as living costs rise, research suggests.
TikTok Personal Financial Advice Not To Take | Entrepreneur
TikTok has become the fastest-growing social media application, amassing 3 billion downloads in just four years.
The personal finance community on TikTok, known as FinTok, has seen the rise of financial influencers or 'Finfluencers' who give advice without proper credentials or disclaimers.
TikTok's appeal as a source of financial advice lies in its easy-to-digest format and relatability to younger audiences. [ more ]
How influencers use affiliate marketing programs to make money and how much they earn
Influencers frequently share links to their Instagram Stories or below their YouTube videos.Those links are often affiliate links that let creators earn a commission on sales.We spoke with creators about how much money they earn using affiliate marketing.All those links on Instagram Stories or below a YouTube video aren't all for the convenience of the viewer - they're how many influencers make money.
Analysis | The One True Secret to Successful Investing
There's only one thing you really need to know about investing in 2023, and it's both stunningly obvious and invariably forgotten: There's no free lunch.Sure, everybody knows that with higher expected returns comes the bigger risk of loss.But time and time again investors put this most basic rule to the test in a kind of bull-market delirium.
Analysis | New Retirement Rule Delaying Withdrawals Could Bite
Wealthy retirees seem to have scored big in Congress' sweeping year-end spending package.The legislation signed by President Joe Biden Thursday includes changes to retirement plans that will push up the age people are required to start withdrawing from their IRAs and 401(k)s to 73 next year from the current 72, and extend it to 75 in 2033.
Analysis | Don't Turn Your Hobby Into a Side Hustle
During a holiday dinner party, the host suggested we each share a significant moment from the year.As one woman shared how her pottery class had allowed her to explore her creative side, another cheekily said, "Oh, you could totally open up an Etsy shop and sell your work."Before she even finished the sentence, I exclaimed, "No!
Analysis | These Books Will Restore Financial Common Sense in 2023
Read on.(Photographer: Thomas Cooper/Getty Images North America)What is a share price?It sounds like a stupid question - the answer to which is "the amount of money the market is prepared to pay for a share in a company on any one day."But that's not enough of an answer.You must then ask why anyone would ever pay anything for a share.
Walters: California needs to fix school curricula before requiring more
The attorney general's office in California has completed paperwork for a ballot initiative that would require public school students to take a personal finance course.
California lags behind the rest of the nation in terms of personal finance education, with only 1% of students required to take a personal finance course compared to 48% nationally.
There have been ongoing efforts to add specific topics to California's school curricula, such as media literacy and ethnic studies. [ more ]
I was in despair': how lending a phone led to life savings being stolen
Be cautious about keeping sensitive financial information on your phone, especially in easily accessible places like mobile cases.
In case of theft or fraud, act promptly to protect your accounts by contacting the bank immediately and avoiding storing PINs and passwords on your devices. [ more ]
Join the NYC founder community to connect with other founders and hear war stories from a founder who went through the wringer and came out the other side.Though Ankur Nagpal went to Berkeley and studied engineering and computer science, his is anything but a typical Silicon Valley founder story.Born in Bombay and raised in Oman, Ankur immigrated to the US to study.
CNBC cancels 'The News with Shepard Smith,' final show to air this month
The plug is being pulled on "The News with Shephard Smith."CNBC has canceled its primetime general news show hosted by the former Fox News staple two years after its debut.Network president KC Sullivan announced the move Thursday in an email to CNBC employees, citing a prioritization and refocus on business and personal finance coverage as the cause.
Why high-earning women don't want to talk about money
Women are more reluctant than men to talk about their personal finances, including financial health and debt.
The gender gap in financial transparency widens as employees become more senior, with senior-level women being less comfortable discussing their financial health and debt than senior-level men. [ more ]
Why high-earning women don't want to talk about money
Women are more reluctant than men to talk about their personal finances, including financial health and debt.
The gender gap in financial transparency widens as employees become more senior, with senior-level women being less comfortable discussing their financial health and debt than senior-level men. [ more ]
Why high-earning women don't want to talk about money
Women are more reluctant than men to talk about their personal finances, including financial health and debt.
The gender gap in financial transparency widens as employees become more senior, with senior-level women being less comfortable discussing their financial health and debt than senior-level men. [ more ]
More pain for renters as landlords look to sell up
Cost of living correspondent
Rising interest rates are putting pressure on landlords, pushing some to consider selling up, surveyors say.In turn, that could further squeeze the availability of rental properties and raise costs for tenants, according to the Royal Institution of Chartered Surveyors (RICS).
Martin Lewis shares simple direct debit check everyone should know
TV money expert Martin Lewis has urged energy company customers who pay by direct debit and believe they may be being overcharged to use an online calculator to crunch the numbers.Appearing on ITV's This Morning with Philip Schofield and Holly Willoughby on Tuesday, Mr Lewis took a question from a viewer named Everett who said he had been paying out 1,681.98 per month to British Gas since November 2022 and had just learned that he was 3,600 in credit.
Analysis | Car Lease Ending Soon? Might Be Time to Buy
Wanna buy a car?(Photographer: Eric Thayer/Getty Images North America)Car buyers have had a tough couple of years.During the pandemic, chip shortages led to supply issues at the same time demand was skyrocketing.Now, Wall Street analysts are predicting a shift for 2023, with increased supply, slower demand and price softening.
Analysis | Savers, It's Time to Choose an Online Bank
You should reconsider the bank you use, at least for some of your savings.Chances are, if you're a customer at one of the major retail banks, you're leaving real money on the table.
Women's private pensions worth 35% less than men's in Great Britain
Women's private pension pots in Great Britain are typically worth 35% less than those of their male colleagues by the time they reach 55, according to the first major government study into what has been termed the great gender pension chasm.Having analysed the data for both sexes between 2018 and 2020, government researchers concluded that, on average, for every 100 accumulated in men's private pensions, women have just 65.
Making financial wellness a priority for student success
Financial wellness may not be the first area that comes to mind when thinking of well-being, but it is considered one of the eight dimensions of wellness.Inside Higher Ed spoke with three financial aid professionals about their best strategies to strengthen this area for students.What Is Financial Wellness?
Analysis | What to Do If Salary Transparency Has You Feeling Underpaid
Taking a closer look.(Photographer: Bloomberg)New York City's new pay rule takes effect today, requiring companies with at least four workers to include a "good faith" estimate of a minimum and maximum salary in new job listings (including internal promotions and transfers).More pay information for workers sounds like a good thing, and it typically is.
Citibank Partners Yahoo to Enhance Public Literacy on Personal Finance
While there is no shortage of information available online, Singaporeans are increasingly discerning with their finances and looking for sources and content they can trust.
...
We are thrilled to partner with Citibank and build empowering content on personal finance, and help drive meaningful connections with audiences seeking rich insights that will help them achieve financial empowerment and lead their desired lifestyles," said Carol Tay, senior director sales Southeast Asia, Yahoo.
AI journalism is getting harder to tell from the old-fashioned, human-generated kind | Ian Tucker
A couple of weeks ago I tweeted a call-out for freelance journalists to pitch me feature ideas for the science and sechnology section of the Observer's New Review.Unsurprisingly, given headlines, fears and interest in LLM (large language model) chatbots such as ChatGPT, many of the suggestions that flooded in focused on artificial intelligence including a pitch about how it is being employed to predict deforestation in the Amazon.
CNET Says It's a Total Coincidence It's Laying Off Humans After Publishing AI-Generated Articles
Coinkydink Red Ventures has wasted no time in hitting its tech news site CNET with another round of brutal layoffs, following the revelation that it had been very quietly publishing AI-generated articles for months starting late last year.But in the wake of enormous controversy and its latest culling of CNET's workforce, Red Ventures says the layoffs - which according to The Verge affect some ten percent of its remaining workforce - actually have nothing to do with its pivot to AI. "Today's decision was not a reflection of the value or performance of our team members, the use of emerging technologies, or our confidence in the CNET Group's future," a CNET spokesperson told Variety, after ignoring our request for comment.
Publisher breaks news using bots to write inaccurate stories
Consumer tech outlet CNET is reviewing all articles it published that were written with the help of AI, after it was found some contained incorrect information.The masthead quietly began using a text-generation tool to write stories for its money section in November 2022.The articles credit "CNET Money Staff", but readers were not told that byline refers to an artificial author whose work was edited by humans until they hovered over the byline's text.
Dad and daughter duo post dad advice' for young adults on TikTok
Sign up for CNN's Adulthood, But Better newsletter series.Our seven-part guide has tips to help you make more informed decisions around personal finance, career, wellness and personal connections.In his offline life, Bo Petterson is a dad to his six adult children.But online, he is a father figure to millions.
Boris Karloff narrated the animated tale of "How the Grinch Stole Christmas!" in the original 1966 TV special.To be an evolved Grinch is to understand the true meaning of Christmas.If you have a personal finance question for Washington Post columnist Michelle Singletary, please call 1-855-ASK-POST (1-855-275-7678) ArrowRight Yet every time I hear people label someone a Grinch, I suspect they don't comprehend the full message of the Grinch's story.
Analysis | This Holiday Season Buy Now, Pay (and Worry) Later
They make it so easy.(Photographer: Bloomberg)Consumers are spending record amounts shopping online this holiday season.With budgets strained by rising prices, more are opting to load up their carts now and pay later.Sure, buy-now, pay-later, or BNPL, services appear more consumer-friendly than credit cards: Shoppers can make a partial payment upfront and the rest in four or six interest-free installments, and fees for late payments are typically capped.
Advice | How to manage gift-giving expectations while in debt
Michelle Singletary is taking time off for the holiday.In her absence, we are offering this updated column from her archive, which originally ran on Nov. 26, 2019.When you're in debt, the responsible thing to do is to ignore the pressure to give.Suppress, as best you can, the misguided guilt that love comes wrapped in a pretty box with a red bow.
Advice | Friends don't charge friends for dinner parties
The subject line on the email simply said, "Disgusted.""My husband and I were invited to a friend's house for dinner for takeout," the reader wrote."I asked what to bring, and she said to bring a bottle of wine and a dessert."If you have a personal finance question for Washington Post columnist Michelle Singletary, please call 1-855-ASK-POST (1-855-275-7678) ArrowRight No, worries.
PubMatic: Display Spending Was Down In Q3, But CTV Keeps On Growing | AdExchanger
PubMatic's total Q3 revenue grew 11% to $64.5 million despite an industry-wide downturn, but the company doesn't have high hopes for the rest of the year.PubMatic told investors on Tuesday it expects that ad spend will continue to trend down in Q4 and that ad spending from advertisers in the shopping category is already looking flat YoY, while other categories, such as personal finance, are down 50% YoY, said CFO Steve Pantelick.
Imagine if you can: It is Friday.You are out to dinner.You have looked forward to this night outsince Monday.The hostess greets you with the following: "Good evening.I need to let youknow that some of our BOH are absent.We 86'd a third of the menu in order to notmispack anything.To reduce the number of one-stars, all of our dishes will be served SOS.
Advice | Michelle Singletary's Money Milestones: Trusted financial advice for any age
Select a decade below for our personal finance columnist's take on some of the biggest financial considerations for that age group.20 30 40 50 60 70 80
Because some financial deliberations are ongoing, certain topics appear in multiple decades.Jump to advice Warning: This graphic requires JavaScript.
Analysis | Unmarried Women No Longer Pay a Financial Penalty in Retirement
On the retirement front, a new study has some good news for unmarried women: They're no longer falling behind their married peers.Still, it's tough to celebrate equality when it seems to be driven mostly by the falling fortunes of men.Studies about how prepared US workers overall are for retirement tend to be incredibly depressing - and even more so when they focus on women, who say in staggering percentages that they're worried about running out of money.
Analysis | The Case for Putting Your Bonus Into a 401(k)
Making the most of a bonus is always important, but 2022's payout feels even more precious.Many workers, especially in finance and technology, are likely to see slimmed-down bonuses.Amid economic uncertainty, maximizing those dollars is crucial.But should you sock away as much as you can in a tax-deferred retirement account to minimize the tax liability?
7 things I've understood in my 30s that I wish I'd known in my 20 (as a designer)
Six months ago I turned 30.As my birthday was coming up, I took a moment to think about the past 10 years and the lessons I had learned.When I think about my 20s, and how reckless I was, there are a few things that really stand out to me that I wish I had known.Theres an old saying and it goes like this:
Sometimes in life, your situation will repeat until you learn your lesson.
Advice | Here's what to do if a payment app reports your cash gifts to the IRS
I have a year-end tax tip for you: Be prepared to prove money you received via PayPal or any other payment app - to split a dinner check or as a cash gift for your wedding - was not business income.Let me explain.If you have a personal finance question for Washington Post columnist Michelle Singletary, please call 1-855-ASK-POST (1-855-275-7678) ArrowRight As of 2022, all third-party payment processors in the United States, includingVenmo and Cash App, must report payments of more than $600 a year received for goods and services.
Advice | Rush on I bonds paying 9.62 percent crashing TreasuryDirect website
Consumers racing to buy the Series I Savings Bond, which is issued by the Treasury Department, has crashed the website.(Stefani Reynolds/Bloomberg)With a Fridaydeadline approaching, savers trying to buy inflation-protected I bonds - which pay a guaranteed 9.62 percent - are crashing a Treasury Department website.
Market declines during the first five years of retirement can have a significant effect on a financial portfolio, but remaining flexible can mitigate the damage.
Analysis | FTX Users Can't Count on Help From the IRS
The FTX website on a laptop computer arranged in Barcelona, Spain, on Tuesday, Nov. 15, 2022.FTX Group named a slate of new independent directors to oversee the collapsed crypto empire and said its bankruptcy may involve more than a million creditors.(Photographer: Bloomberg/Bloomberg)When market investors suffer losses - or get taken for a ride - they're often eligible for a tax write-off to soften the blow.
Analysis | Portugal Beats Paris for US Travelers Seizing on a Strong Dollar
As the pound and euro struggle relative to the dollar, opportunistic US travelers might be wondering if it's time to book an international trip, and maybe even prepay for the hotel.
Best 12 Finance Podcasts To Get Your Money Right in 2022
If you're looking for some great finance podcasts to listen to in 2022, you've come to the right place.In this article, we will share with you a list of the best finance podcasts available.
Rogers will reimburse customers for up to 5 days of service
PERSONAL FINANCE
There's no better feeling than coming home to a sparkling clean house or apartment.Although with many Canadians' hectic lifestyles, finding the time is often challenging.
UK credit card borrowing rises at fastest annual rate for 17 years
Credit card borrowing is rising at its fastest annual rate in 17 years, the Bank of England said on Tuesday, with analysts warning a recession looks increasingly likely as growing numbers of households go into debt to make ends meet.
Taxes are due today in the U.S. (yay).Geoffrey A. Fowler for The Washington Post on the part when tax services like TurboTax and H&R Block ask for your data: