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| Stat Of The Day |
| 6 Minutes |
Buy now, think later. A new study shows the average investor spends just six minutes researching a stock before buying. Six minutes. That’s the time you spend unloading the dishwasher. Folding the laundry. Listening to Bohemian Rhapsody. Isn’t your money worth more than that?
Swap the rushed and risky approach for InvestingFixx, HerMoney’s investing club for women. We meet virtually just 2x per month to hash out the latest market news and pick stocks for our portfolio. And, we’re not bragging, but it’s a portfolio that continues to outperform the S&P 500. |
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| Why Your Kid Needs A Side Hustle |
We all want what’s best for our kids – and that includes a financially secure future. But with a changing economy, the path to financial independence is anything but easy.
Rachel Rodgers is CEO and founder of Hello Seven, and the author of "Future Millionaire: A Young Person’s Step-by-Step Guide to Making Wealth Inevitable." As she explains on the latest HerMoney Podcast, we need a new game plan for raising financially independent young adults.
One approach? Encouraging them to be entrepreneurs and investors. "I teach [my kids] about how to get that first job and how to be useful at work so they can keep that job and maybe get a raise," says Rodgers. "Then, let’s use some of the proceeds of that job to become an investor and even start a side hustle, because just relying on the paycheck is not working right now in this economic environment."
What are the best side hustles for teens, and how can they get theirs off the ground? (Hint – it’s a lot more than just babysitting and lawn mowing) Find out here. |
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| 🚨 Proud Mom Alert 🚨 |
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If you’re a football fan — and more specifically, a fan of the Kelce brothers (or, perhaps, a Swiftie?) — chances are you already listen to the New Heights podcast. You may also be familiar with their social media producer, Jets Jake.
Well, here’s a little behind-the-scenes scoop: Jets Jake is actually the son of HerMoney CEO Jean Chatzky. Recently, he had a spotlight moment on New Heights, where he gave a shoutout to the HerMoney Podcast.
Like so many of our readers, Jean is a proud mom every day, but Mother’s Day gives us extra time to reflect on how awesome it is to watch your kids thrive. There’s nothing better than seeing them do what they love.
To celebrate all the amazing moms out there, check out this episode of the HerMoney podcast featuring Donna Kelce — yes, the mom of Travis and Jason Kelce. She shares what it’s like raising two NFL stars and the parenting lessons she’s learned along the way. Don’t miss it! |
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| This Week In Your Wallet |
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Tariffs, with a side of anxiety. If recent economic headlines are wreaking havoc on your mental state, you aren’t alone. Luckily, there are steps you can take to calm those nerves. First, focus on controlling what you can control. "That can bring our anxiety levels down and help us make better decisions about our money," Lauryn Williams, a certified financial planner and founder of Worth Winning, a financial coaching firm, tells NPR. Also, watch out for scams, which are common during periods of economic uncertainty. "Beware of solicitations to recession-proof your finances for a fee, debt relief offers, or get-rich-quick schemes," Williams says. "Avoid people who pressure you to take quick action, look closely at a group or individual's credentials and do background checks on the organization before you send money to it."
Recession fears = a wallet lockdown. The "No Buy 2025" trend took off earlier this year. Now, it’s gaining serious momentum in the wake of the Trump Tariffs. "Instead of shopping lists, they [consumers] are making 'No Buy' lists," reports The New York Times. "No more outfits destined to be worn only once. No more "just because" T.J. Maxx runs. No more salon haircuts and manicures. No more eating out at restaurants. No more TikTok Shop." On the flipside, there’s another trend picking up steam. "Some are leaning into 'reckless consumerism' with the mindset of 'Nothing even matters anymore, why not finally book that vacation to Greece?’" notes the NYT.
PS, the brains behind the "No New Things Challenge" (think of it as the big sister to No Buy 2025) recently joined the HerMoney Podcast. She shared how she went two years (!!) without buying anything new. It saved her $36,000 and helped her pay off $22,000 in debt.
Off-brand foods are in for budget-conscious consumers. New research shows private label sales across all U.S. retail outlets have recently hit record highs. On HerMoney.com, we’ve rounded up 8 of our favorite off-brand foods that are actually better than their name-brand counterparts. One of them? Greek yogurt. When it comes to the nonfat variety, HerMoney reader Heidi says the Friendly Farms nonfat Greek yogurt from Aldi is a must-have. The savings here are substantial — the Aldi brand is around $3.69 for a 32-ounce container, compared to $6.69 for the same size of Fage. |
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| Things That Save You Money |
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Discounted phone, TV, and internet. It sounds too good to be true. And guess what? It probably is. Get up to speed on a warning from the FTC about a discounted monthly bills scam, here. |
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Tonight doesn’t have to be another DoorDash night. Plug what you have in your fridge and/or pantry into this website, and voila, out pops a recipe tailored to the ingredients you have on hand. |
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This vacation has gone to the dogs. Here’s how one woman traded pet-sitting for places to stay on a recent Eurotrip. |
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| Ask Jean |
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| Q: |
Today’s question comes from Joann. She writes: My 15-year-old granddaughter wants to start investing. What is a good option to get her started? |
| A: |
As we mentioned at the top of this newsletter, one of the components of raising financially independent children is teaching them the importance of investing early on. So, kudos to you, Grandma!
Merely talking about investing with the young women in our lives helps build their know-how and confidence. Giving her hands-on experience with stocks — owning a share of a business that makes her favorite movies, breakfast cereal or shoes — is even better. It’ll set her up to think and act like an investor for the rest of her life.
At this age, giving a young person an investment account she can call her own (aka, a custodial account) is the way to go. (It’s as easy to open as a bank account, and you can do it at a low-fee, low-minimum online discount broker, like Fidelity, or TD Ameritrade.)
Money within a custodial account legally belongs to your child (and is taxed at her rate, not yours). But the adult "custodian" (a parent, relative, or non-relative) has trading authority and is responsible for ensuring the assets are managed in the minor’s best interests. Once the child is of age, she gets the keys to the account and can let her rebellious inner day trader take over. (Don’t worry, it’s just a phase.)
If she’s interested in popular stocks, like Amazon or Alphabet (a.k.a. Google), there are ways to invest in them without breaking the bank. Enter fractional shares, which are exactly what they sound like — partial shares of stock you can buy with however many dollars you have to spend. They’re a great first step when it comes to investing for kids, and you can read more about how they work here. |
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| Submit your questions to Jean here. |
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| More For You To ♥ |
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Feeling wired when you desperately need to sleep? You’re not alone. When life gets stressful, good sleep is often the first thing to go — but it doesn’t have to be. These three surprisingly simple habits (no, not just "put your phone down") can help you fall asleep faster, stay asleep longer, and actually wake up feeling human. If stress is stealing your sleep, it’s time to take it back — without melatonin or midnight doomscrolling. Luke Kelly, CEO of Bryte, weighs in!
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