Tuesday, August 9, 2022

Millennial Money: When is it OK to be selfish with money? - StarTribune.com

Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks — and probably for you. Yet there may be charitable organizations you want to support, friends or family asking for financial help and things you want to buy for yourself.

Think carefully before spending any amount of money on somebody else, whether that's $20 or $2,000. Will it jeopardize your ability to pay bills or save for emergencies?

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Publisher: Star Tribune
Twitter: @StarTribune
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Cash Quiz: Can You Answer These Questions About Saving Money? | GOBankingRates

Everyone wants to be able to save more, but it's hard to know where to start. You might know how much you should be saving, but you're not sure where to house your funds — or vice versa.

If you're confused about savings, you're not alone. Statistics show that a lot of us could be better at saving money . The ​​MagnifyMoney Savings Index reports that about 1 in 5 Americans do not have any money saved. And when people do have money in savings, it's usually not a huge amount.

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Publisher: GOBankingRates
Date: 2022-08-09T08:00:14Z
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How much money do you start with in Monopoly? History and game rules

But like many board games, Monopoly requires set up — choose your token, decide who goes first and dole out the money.

If your hopes are high to land on Boardwalk and Park Place, but you don't know how much money to start with, read on.

The remaining bills go to the bank. One player acts as the banker and is in charge of divvying up money and collecting fees.

Publisher: USA TODAY
Author: Clare Mulroy
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This is the 'Jay Leno rule' of saving money. You don't have to be rich to do it - MarketWatch

Comedian Jay Leno has openly shared that while collecting two salaries — one from his "Tonight Show" hosting gig and one from his 150 annual comedy shows — he never spent any of his NBC salary and instead spent only what he made doing standup.

OK, but Leno's rich, you might be tempted to say. Still, pros say that this "spend one, save one" philosophy might just be able to work for other families, too. "This idea is a really smart behavioral finance approach to handling income for a two-income family.

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Publisher: MarketWatch
Date: 2022-08-09T06:40:00-04:00
Author: Alisa Wolfson
Twitter: @marketwatch
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Maxi Adds US Money Transfer Service with Pin4 | Business Wire

In partnership with Pin4, this is the first Agent-to-ATM domestic remittances service available within Maxi's large portfolio of safe and convenient money transfer alternatives.

Maxi (Maxitransfers LLC) serves US-based immigrant communities in the money remittances space, annually managing billions of dollars in low cost, easy, and safe money transfers from the United States to destinations across Latin America and Asia.

Date: 2022-08-09
Twitter: @businesswire
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Pioneer Woman tips: Three ways to save money on food

The new show, set to premiere on Food Network Aug. 9 at 10 p.m.

The "best cook and thriftiest shopper" will walk away with a trophy and a year's worth of groceries.

"They all have the same amount of money when they go in (to the grocery store) and and they have to really maximize that money," Drummond tells USA TODAY.

Publisher: USA TODAY
Author: Morgan Hines
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How to Withdraw Money From a 529 College Savings Plan - Consumer Reports

Parents who've been saving for their children's college expenses for years know that putting money into a tax-advantaged 529 college savings account is easy, once the account has been set up. But they may not be as savvy about how best to take funds out.

Withdrawing funds from a 529 isn't as straightforward as it sounds. And though money has continued to flow into these plans—assets stood at $431 billion in the first quarter of 2022, according to ISS Market Intelligence—many families still don't fully understand how these accounts work.

Publisher: Consumer Reports
Date: 2022-08-09T06:00Z
Twitter: @consumerreports
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Bitcoin Is Money, But CBDCs Are Not. - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

This is an opinion editorial by Wes Craik, an independent Canadian writer and host of the FINterpreter YouTube channel.

Simply put, that is not money; it’s a central bank lever for economic influence and social control. It’s a means of energy exchange that provides the user very little optionality, which is highly undesirable and, in fact, somewhat antithetical to the concept of money itself.

Publisher: Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
Date: 2022-08-09T03:00:00Z
Author: Wes Craik
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