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Stat Of The Day
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$5
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That’s how much AT&T will be crediting its customers, who were hit by an hourslong outage last week. Is a five-spot enough to make things right? The internet, as per usual, is divided. If you’re an AT&T customer, you don’t have to do anything special to get your credit–just wait 1-2 billing cycles to see it pop up on your statement.
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The Entry-Level Job Skills That Need To Go On Your Resume, ASAP
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Are you worried your entry-level job just doesn’t show your potential? Or, concerned that having something like lifeguarding, fast food service, or working part-time at a summer resort might not help you stand out when it comes time to land a "real" job? Think again. The skills that many employers really want can be learned in jobs just like these — the trick is figuring out how to showcase them on your resume so prospective employers can get a sense of your true talent.
Here’s the deal: Having some experience (no matter what it is) is far preferable to having none at all — 91% of employers prefer their candidates to have work experience according to a recent job outlook report from NACE. And the younger you are when you gain experience, the more you’ll stand out from the herd. Just 20% of high schoolers are employed, according to a survey from Child Trends, which means even what you might consider "menial" summer job experience can give you a leg up. The trick is knowing how to sell yourself and showcase the experience you’ve gained.
Here are the best ways to make your experience–no matter how insignificant you think it is–stand out.
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This Week In Your Wallet
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Think you opened up a great, high-yield savings account? Think again. Some online banks are under fire for introducing new savings accounts every few months, with increasingly better interest rates. All the while, customers with older accounts were stuck earning lower rates. "You think you’ll get a higher rate and it will keep going up," Ken Tumin, founder of DepositAccounts.com, tells The Wall Street Journal. "But there are games they play to get deposits without having to pay the highest interest rates." One such bank is UFB, which is facing a proposed class action
lawsuit, similar to the one we told you about concerning Capital One.
Is "dynamic pricing" coming for your Junior Bacon Cheeseburger? Earlier this month, the CEO of the fast-food chain Wendy’s reportedly told investors that starting as early as 2025, they would start testing "dynamic pricing." What followed was internet fury over Frostys that could be pricer during certain times of the day. Wendy’s is now walking back their comments, saying they have no plans to charge customers more when demand is highest. A representative for Wendy’s said in a statement that "Digital menuboards could allow us to change the menu offerings at different times of day and offer discounts and value offers to our customers more easily, particularly in the slower times of day." As The Washington Post reports though, "Wendy’s hasn’t released details about its dynamic pricing and didn’t respond to questions from The Post about its proposed pricing strategy."
What’s the value of financial education? According to one recent study, $100,000. A recent report shows that by taking one semester of a personal finance class in high school, the average student could be $100,000 richer. The research, from Next Gen Personal Finance, shows that "much of that financial value comes from learning how to avoid high-interest credit card debt and leveraging better credit scores to secure preferential borrowing rates for key expenses, such as insurance, auto loans, and home mortgages," reports CNBC. Today, half of all states require or are in the process of requiring high school
students to take a personal finance class before they graduate, according to data from Next Gen Personal Finance. An A+ for those states. Pencils down to the others.
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Things That Save You Time
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Here’s how HerMoney reader Carol maximizes her morning minutes: "On Sunday, take the time to plan and hang together all the outfits you will wear to work. Morning time is precious and you will have more of it using this strategy." Thanks, Carol!
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For some of the HerMoney team, robotic vacuums (they even have hybrid vacuums/mops now!) are huge time savers. For most, you can schedule the date and time you’d like to send your vacuum out via an app, even if you’re not home. Here’s a roundup of some of the best from Wirecutter.
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Sandra takes trips to the store off her to-do list to save time: "Ordering household items on a subscription so they arrive right before I run out. Saves me from last minute runs to Target or the grocery store and saves money due to the discounts I get." A word to the wise from someone who’s been there, don’t forget to cancel if you’re no longer using subscription items!
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How To Handle Mean Girls At Work With Rosalind Wiseman
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These days, Wiseman spends most of her time addressing toxic workplace issues, like recruitment, high staff turnover, and women making their workplace difficult for other women.
On the HerMoney Podcast*, Wiseman sits down with host Jean Chatzky to explain why some women continue to perpetuate bullying in the workforce…and what we can do to put an end to it. If you’re dealing with a workplace where you feel colleagues are talking about you behind your back (or, for example, purposely not inviting you to happy hour), Wiseman says to find one person you trust at your job and ask them for feedback.
Step one is to tell them why you value their opinion. Then, whenever it feels organic, say something like, "I’ve been struggling with how to join X group, or how to make myself more valuable to other people. So, I’d like to be able to take ten minutes of your time where I could ask you some questions so you can give me some feedback about that."
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| The HerMoney Podcast is made possible by Edelman Financial Engines.
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Ask Jean
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Today's question comes from Roxanne. She writes: What are the pros and cons of a home equity loan vs a personal loan for needed home improvements?
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Thanks for your question, Roxanne! A home equity loan (which is a loan with a fixed interest rate) and its cousin a HELOC or home equity line of credit (which has a variable interest rate) are both secured loans. By definition, they’re both second mortgages. Meaning: If you were to stop making your payments on either of these, after a while the lender could come after your house. A personal loan is an unsecured loan. As with a credit card, nothing is backing it up. That’s why the interest rates on a personal loan are generally higher than the interest rates on a home equity loan or HELOC.
So, which one is better for your purposes? It’s important to remember, home equity loans and HELOCs were designed for projects that improve the value of your home. As long as you are not overborrowing — I’d say the home equity loan or, better yet, HELOC. With interest rates expected to fall in the coming year, it could be a good move to go with a variable-rate loan that will adjust downward as the Fed moves. Another advantage to the HELOC is that you don’t have to draw the entire sum at once. You can pull out chunks as you need them, only paying interest on the amount you’ve actually taken. If there’s anything remaining, it can serve as a back pocket emergency cushion, expanding as you pay off what you owe.
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Got a question for Jean? Submit it here.
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More For You To ♥
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🙌 Pinky Cole lost everything… and eventually went on to build a vegan empire worth $100 million. Listen to the latest How She Does It Podcast for Cole’s advice on turning a setback into a major comeback. How She Does It is proudly supported by iShares.
💸 Turns out, playing the long game is one important way women are more disciplined with their money. But what does it really mean to be truly "future-focused" when it comes to your finances? We break it down.**
✍ Ready to rewrite your financial history? As Women’s History Month approaches, we're extending a 10% discount for our upcoming FinanceFixx session beginning on March 5th. Time is running out to secure your spot for the chance to save up to $1,500!
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We maintain a strict editorial policy and a judgment-free zone for our community. We strive to remain transparent in everything we do. Website posts and newsletters may contain advertisements, links and mentions of products from our partners. Learn more about how we make money.
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*The HerMoney podcast is proudly sponsored by Edelman Financial Engines. Unlock your wealth potential with our sophisticated wealth planning. Continue your journey at EdelmanFinancialEngines.com. Sponsored by Edelman Financial Engines –
Modern wealth planning. All advisory services offered through Financial Engines Advisors L.L.C. (FEA), a federally registered investment advisor. Results are not guaranteed. AM3339251.
HerMoney is not a client, agent, representative or affiliate of EFE.Edelman Financial Engines ("EFE") is a sponsor of the "HerMoney with Jean Chatzky Podcast," created by HerMoney Media. Inc. ("HerMoney") and provides cash compensation to HerMoney Media. HerMoney receives a sponsorship fee from Edelman Financial Engines depending on the number of podcast downloads, as measured by the end of the calendar year. The sponsorship fee is paid on a quarterly basis each year. In turn, HerMoney also provides promotional deliverables regarding EFE on the HerMoney podcast, newsletter, and social media channels. Due to this sponsorship arrangement, HerMoney has an incentive to endorse EFE and its services.
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**This is a sponsored post
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BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates (together "BlackRock"). The information provided in this communication is solely for educational purposes and should not be construed as advice or an investment recommendation. Any opinions expressed do not necessarily represent the views of BlackRock. BlackRock is not affiliated with HerMoney.
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