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Plus: Financial experts weigh in on which is better: Passive or active investing
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Support Black Female Entrepreneurs
Though February is when we celebrate and honor Black history and heritage, supporting Black female entrepreneurs should be a top priority year-round. Not only is it vital to help our fellow woman, but since Black women are historically vastly underpaid and underrepresented, it’s even more critical that we take action. So, where should you begin, and how can you ensure your spending power makes the biggest impact? This week, we spoke with 10 inspiring, successful and pioneering Black female leaders to guide your goals in 2023 and beyond. So, how can we ensure our spending power makes the biggest impact? Pull out your pocketbook. Write a great review. Or tell friends and family. Here’s a look at all the ways you can support Black entrepreneurs this month — and always.

Is America’s Workaholism Really Cured?

The pandemic fundamentally changed our relationship with work. People were no longer afraid to demand the salaries and benefits that they deserved, and over the last few years, the tides turned dramatically to favor workers — but could we be on the precipice of another big shift?

Layoffs are making headlines every day, and many economists still say we should brace for a recession sometime this year. Quiet quitting has recently been superseded by quiet firing and quiet hiring — trends that take power away from employees and put it back in the hands of employers. All of this means that, even though the pandemic gave us great gains in the workplace, there’s a lot more we have to do to make those gains permanent. On this week’s HerMoney Podcast* Helaine Olen joins us to discuss exactly how we can do that. We dig into why COVID was able to break the spell of workaholism for millions of people — especially women, and we unpack the labor market in 2023 and beyond. (And if you’re looking for a bit of positive news in your day, it’s worth noting that she also tells us why she thinks recent layoffs are not as threatening as they seem.)

Don’t BNPL For a Dozen Eggs

For those of us who don’t have our own chicken coop clucking with happy, productive hens, paying $6  — or much more — for a dozen store-brand eggs can be tough on our budgets. Avian flu was responsible for nearly 58 million poultry deaths in the U.S. last year, and high-demand during the holidays helped push egg prices up some 60% year-over-year. While we wait for the cost of the breakfast and baking staple to ease up, we've got you covered with these 7 low-cost and quick meals you can whip together for breakfast or anytime — even without the incredible, edible egg.  

And while we’re on the topic of breakfast budgets, let’s talk about how expensive everything has gotten lately — and how you’re going to manage it all in 2023 and beyond. It may seem intimidating at first, but we promise, with a solid game plan in place, you can stop worrying about your money. Via our 8-week FinanceFixx course, we help you think through your spending so you can get to a better place. We can’t wait to see you in our next session!

Trying to Reason With Home-Buying Season

Those of us who have never owned a home at least know one thing about real estate: Location, location, location. (As in, where you buy matters.) But these days, mortgage rates, home prices and inventory are getting plenty of attention, too. With prices still high, it’s hard to know whether a prospective home buyer should be looking to invest in a property now or later. But here’s the thing: Whether or not you buy a house has less to do with the market and more to do with where you stand financially, and what your goals are. HerMoney’s Kristen Campbell checks in with real estate and financial experts to help newcomers navigate the 2023 home buying market.

Passive vs. Active Investing = The Beatles Have it

If we could pipe a little music into this newsletter, it would be the 1970 classic “Let it be” by the Beatles. The words of wisdom we want to whisper? When it comes to active vs. passive investing,”let it be” is winning. Passive investors earn much more on average than the day traders who can’t stop managing their portfolios. Research shows that over  the past 15 years, 86% of actively-managed stock funds underperformed their respective benchmarks. Read that again. It may seem counterintuitive, but those are the facts. This week, HerMoney writer Lindsay Mott dives into the ins-and-outs of active vs. passive investing. Find out what the experts told her here.

How To Give Back More Regularly This Year

Together with



Are you giving back to the causes you care about as much as you’d like to? 🤔
Has the amount you’re donating to charity increased with your income? 💝
Do you have a strategy for your charitable giving? 📈

If you answered “no” to any of these questions, you’re certainly not alone. Here at HerMoney, we’re asking ourselves the same questions and using Daffy, a new app that helps you make charitable giving an easy habit to keep. How? First, you set a giving goal for how much you want to donate this year. Like any new habit, starting with a simple and measurable goal always yields better results. If you don’t have a goal in mind, the app can help you pick an amount that’s right for you with their Giving Goal Calculator.

Once your giving goal is accounted for in your budget, you can set money aside and automate your donations each week, month, or quarter—just like you would for your savings and 401(k) contributions. You simply select your desired amount and cadence and Daffy will automate the rest for you. Create your giving plan with Daffy today, and, as a HerMoney subscriber, get $25 to donate to the charity of your choice.

Have a great week!

The HerMoney Team

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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. AM2211988.

**This is a sponsored post.

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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