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Plus: The Crypto Crash & Elton John Tix
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Your Backyard BBQ — On A Budget

Hot dogs, hamburgers, vegan kebabs, grilled corn…we’re ready for all of it — the food, the fun and celebrations this summer with loved ones. But it just doesn’t seem fair that as soon as we’re ready to get together, inflation has hit a 40-year high. The ingredients for our perfect backyard BBQ are now some 15% higher than they were this time last year (ouch!). But don’t cancel your plans. You can still have the perfect BBQ on a budget with these tips for keeping costs down and letting financial freedom ring. Our favorite? Look for ways to stretch your expensive ingredients further. So rather than serving a caprese salad, serve a caprese pasta salad, which lets you replace that pricey mozzarella with a $1 bag of fusilli. (And we promise it will be just as delicious!)

Why You Need To Invest Now

An estimated $25 trillion (yes, trillion) will be put into women’s hands between now and 2030, thanks to generational and spousal wealth transfers. This means that in less than a decade, two-thirds of the nation’s wealth will be controlled by women. If you’re not yet at the stage where you’re feeling confident in your investing abilities, it’s time to get there — because we have to ensure our money is working as hard as we do. Yes, the markets have been rocky and we understand that your nerves may be getting the best of you, but here at HerMoney, we know the best way to prepare for the future is to get invested and stay invested, because you can’t time the markets. If you’re feeling like you need a little motivation to get started investing, or to invest more, there’s no better time than now, and no better place to start than right here.

And let’s say you’re looking to get more than just your investments in order — where do you start? We have just the thing. Our FinanceFixx program is an eight-week financial coaching experience that inspires you to dig deeper into your finances and money habits. Previous participants have been shocked and overjoyed by what they've uncovered. We hope you'll Join us for our next session starting June 28th! Register here.


Crypto Crash = Crypto Questions

Speaking of stock market nerves, crypto has us all on edge. Bitcoin, for example, had a six-month high of nearly $60,000, and is now hovering at around $20,000. Other cryptocurrencies have also encountered serious losses in the last few weeks — Ether fell as much as 11%, Solana dropped 14%, and Avalanche dipped 18%. And then there’s Luna, which went from a high of $119 in April to being worth nothing — yes, zero — today. So, in 2022, after seeing such volatility, is crypto really something we should be investing in? And is there a way to know if you’re buying the next Bitcoin at a low, and you stand to earn millions, or you’ve just put your money into the next Luna? We tackle all these questions on the HerMoney Podcast* this week, with Shirin Bucknam, co-founder of Crypto Witch Club — an inclusive, equitable space for all to learn about everything blockchain tech + Web3. (And if you haven’t listened to our Crypto 101 episode just yet, consider it required listening before you dive in this week :)

Diversification Is King

One of the few action steps we can take during times of market turmoil is rebalancing our portfolios, and making sure we’re invested in a diversified mix of stocks and bonds that suits our risk tolerance. But what does it really mean to diversify? Essentially, you never want all your eggs in one basket, since no single investment will be on the upswing forever. This is why a diversified portfolio allows for hedging in the market when it’s great, and even when it’s not so great — which we’re unfortunately all too familiar with right now. Here’s our breakdown on all things diversification, and how to make sure you’re in a good place.

Affordable Hybrid and EV Options

Tomorrow, June 17, is National Dump the Pump Day, and given the price of gas, we decided it was definitely worth celebrating this year… Historically, the day encourages people to use public transportation or walk, which is amazing, but not always feasible. That’s why we put together this list of affordable EVs and hybrids in honor of the day. Yes, these vehicles can get very expensive — but increasingly, they don’t have to be. If you’re in the market for a great new car that won’t cost a fortune on gas, we found these great options for less than $50,000 — and five are actually less than $30,000.

Time To Get Out Of Town!

A quick getaway, even if it’s last minute, can be just the break we need from the everyday grind. But let’s face it: last minute adventures (especially in the summer) can give us more stress than they’re worth once those post- vacation credit card bills come rolling in. And we’ve all had the experience of booking a flight or hotel that we thought was a good deal, only to find out once the added taxes and fees get tacked on that it wasn’t a bargain at all. Thankfully, there are ways to save big, from flight trackers to strategically using points, and our experts share their knowledge.

And if you’re headed to Vegas in the future and wondering how much you’ll really end up spending on food and drinks while you’re there, our writer Brittany VanDerBill shares a detailed personal rundown. Because everything that happens in Vegas stays in Vegas — except for the credit card bills. Somehow, those always seem to find us.

Tiny Survey, Tiny Dancer

There’s so much going on in our current economic climate. We’re wondering: What does risk mean to you in 2022? And how are all of the recent developments affecting your relationship with risk today? Please take our short-and-sweet survey to help us plan our content for the remainder of the year.

As a special thank you, there's the option to submit your email at the end for a chance to win Elton John tickets
and HerMoney swag!

 
RSVP to Our Upcoming Negotiation Workshop!
Together with
Payscale Survey
 
 
You found out a colleague with the same job and responsibilities is making more than you are. You’ve been told that your company has limited raises to 4% this year, but you deserve a 20% increase. Your manager has told you that you will not be getting a pay increase because you live and work remotely in a location with a lower cost of labor. You’re catching up on career (and salary growth) after parental leave.  

Let’s talk.

We’re teaming up with a fellow equal-pay enthusiast, Payscale, to equip you with the information, tools and words to use for navigating these types of fair-pay conversations. The Let’s Talk Fair Pay Workshop will be a one-time, virtual event next Tuesday, June 21st, from 1:00-2:00PM EST. Reserve your spot for this free workshop today! You’ll have the opportunity to ask your questions and even role play with Jean and a Payscale negotiation expert. RSVP here.**


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. AM1969416

 
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