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Stat Of The Day
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6 in 10
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That’s the number of Americans saying they’re not on track for a financially secure retirement.
If you’re among them, saving more and working longer helps, but there’s another way to boost your readiness – our 6-week FinanceFixx Pre-Retirement Checkup, starting WEDNESDAY NIGHT!
In this special program, you’ll learn how to assess how much life in retirement will cost and whether you’re on track to meet your goals — and if not, how to get there.
🍂 Join us here and use code FALL25 for nearly $100 off 🍂
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This Week In Your Wallet
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How much is remote work really worth? A new study shows job seekers are willing to trade money for flexibility, accepting offers that pay 25% less if it means they can work in a remote or hybrid role. "So, if a candidate received a job offer of $200,000 that required five days in the office and another that offered $150,000 and allowed working remotely, on average, the candidate who wanted to work from home was willing to take a $50,000 pay cut," says study co-author Ricardo Perez-Truglia, an economics professor at UCLA. Notably, the phenomenon is also being blamed for a widening of the gender pay gap. Looks like there is a price tag on working in pajamas – and it’s not cheap.
If you’ve been furloughed, there are four phone calls you should make STAT to help weather the financial storm. That’s according to Michelle Singletary of The Washington Post. Start with your state’s unemployment office – federal employees and contractors who can’t work and aren’t getting paid may be eligible for benefits. "Apply now," stresses Singletary. "It generally takes two to three weeks after you file your claim to receive your first benefit check, according to the Department of Labor. If a shutdown is short-lived, you can cancel your claim."
When it comes to finding a home for your cash, choosing an account with "high-yield" in the name is a no-brainer. But how do you pick one that actually fits your needs? This week, we’re breaking down everything you need to know, including one often overlooked detail – required account activity. For example, many high-yield checking accounts require a certain level of activity – like debit card purchases, ACH payments and online bill payments – to qualify for the top rate.
Once you’ve checked out our cheat sheet, peep these roundups of top-rated accounts:
💰 High-yield savings
💰 High-yield checking
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Things That Save You Money
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If you’re working with a Mediterranean Avenue budget, Jeep has your back. It’s letting customers trade in Monopoly money for $500 off a new ride.
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One HerMoney staffer just checked her Capital One Shopping rewards – $293 and counting. She’s turning it into gift cards for Walmart and T.J. Maxx. Hello, holiday shopping!
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Pottery Barn’s Open Box Outlet is a great place to snag deals on returned items – but now it’s even better. You can now see real photos of items (including any blemishes that might exist) instead of stock shots. It’s always been a bit of a treasure hunt, but now you can shop more confidently.
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All The Cool Girls Get Fired…And Come Back Stronger
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Layoffs can feel like a gut punch, especially after spending 20+ years climbing the ladder, playing by the rules, and building a career you’re proud of. But as Laura Brown and Kristina O’Neill remind us in their new book, All the Cool Girls Get Fired, getting let go isn’t a sign of failure. It’s a sign that the world is changing, and you’re being handed an opportunity to change with it.
Both women had dream jobs as editor-in-chief – Brown at InStyle and O’Neill at WSJ. Magazine. And then…they got laid off. In their 40s. With no backup plan. What they shared on the HerMoney Podcast is that a layoff doesn’t have to be the end of your story. It can be the beginning of your most powerful chapter yet.
If you’re facing a firing, they urge women not to rush through the paperwork. "A lot of people in corporate jobs are pushed a packet of paper and given this deadline, and they want you to wrap it up immediately," says O’Neill. "You need to take the time to step away from the table…and really process the paperwork. Some people do reach out to lawyers, or whatever type of counsel you need or want to seek; we recommend doing that."
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Ask Jean
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I have almost $20,000 in credit card debt. I am paying really high APR fees. Are there programs that can help me consolidate and lower the fees without damaging my credit score?
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One option is a balance transfer card. Here’s how they work – you open a new card with a 0% APR on balance transfers (usually 12–21 months) and transfer your existing balances onto it, reducing your payments to one.
A few things to keep in mind – you’ll need good to excellent credit to qualify and most charge a fee of 3–5% of the transferred balance. Make sure you’ll save significantly more than that during the promo period.
Also, the 0% promo rate usually applies only to the transferred balance, not new purchases. Some cards tack on retroactive interest if you don’t pay off your transfer before the promo ends. Lastly, when the intro period is up, the regular APR can be steep.
Another option is a debt relief program. Also known as debt settlement or debt adjusting companies, they work to renegotiate, settle, or change the terms of your unsecured debt with creditors.
We recommend considering them only after other options — like not for profit credit counseling — don’t fit. But if you’ve already fallen behind, debt relief programs might be worth a closer look. Here’s everything you need to know.
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Submit your questions to Jean here.
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More For You To ♥
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🎶 Calling all Hamilton fans! Renée Elise Goldsberry (aka Angelica Schuyler) joined How She Does It to talk about raising her young family and enjoying Broadway success. Listen in, here.
🛟 If life throws you a curveball, you’ll want your loved ones protected with a solid financial cushion. That’s where life insurance comes in. But how does it work? We’ve got your 101 guide.
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