|
Subscribe
Read in Browser
|
|
|
Stat Of The Day
|
|
$250
|
After covering all the necessities (groceries, utilities, childcare, etc.) 44% of American women say they have less than $250 left over at the end of the month, according to a recent survey from Investopedia and Real Simple.
|
|
|
|
|
40 Companies With 4-Day Workweeks And Remote Jobs
|
What’s better than a remote job? A remote job with a 4-day workweek. It might sound too good to be true, but just as remote work has become more common post-pandemic, so too is the 4-day workweek, with 30% of large companies in the U.S. moving toward either 4-day or 4.5-day workweeks, according to a survey of CEOs.
A recent trial conducted by 4 Day Week Global looked closely at how a shortened workweek impacted employees and employers at over 40 companies in the United States, Canada, the UK and Ireland. After a year of working fewer hours, the study found employees experienced less burnout, were more productive, and had better physical and mental health. Companies participating in the trial said their revenue increased by 15% over the course of the year.
If you’re ready to get your remote, 4-day workweek job search on, head to HerMoney.com for a list of companies hiring now, or planning to in the near future.
|
|
|
|
|
This Week In Your Wallet
|
|
Shh…pass the pina colodas. A growing number of workers are taking time off without telling their employers, a trend known as "quiet vacationing." Millennials are the most likely to pack their bags (along with their laptops), with 37% saying they’ve taken time off from work without getting it approved by their employer, as Newsweek reports. "Many working professionals struggle to fully disconnect while on vacation, so quiet vacationing provides a change of scenery and the chance to relax—while still meeting their work obligations," says Jasmine Escalera, a career expert with MyPerfectResume. "People might also use quiet vacationing as a way to cope with constraints on PTO or fear of rejection or scrutiny when requesting time off."
Cutting prices is the name of the game this summer for retailers looking to provide relief to inflation-weary consumers…and encourage them to spend more. Amazon, Walmart, Target and Walgreens have said they’ll be slashing prices on everything from grocery items to toiletries (even Squishmallows, as CNN reports). "Retailers are feeling jittery after they hiked up prices as inflation spiked in recent years," writes Jordan Valinsky for CNN. "But now, households aren’t shopping like they used to, and high prices are forcing Americans to choose between wants and needs. In the game of chicken between stores and shoppers, it’s the stores that finally appear to be yielding."
You’ve heard about baby and wedding registries…but what about a divorce registry? Divorce registries, as the Associated Press reports, enlist the help of friends and family to get people back on their feet (both financially and emotionally) post-split. Sisters Jenny Dreizen and Olivia Dreizen Howell are the brains behind Fresh Starts, a divorce registry platform. "I thought, you know, I had a baby registry and I had a wedding registry. This is when I actually need things to restock my life. I need the community support. I need new towels. I need new sheets, I need new utensils," Howell tells the AP. The site has anywhere from 50,000 to 70,000 monthly visitors, and those who are soon-to-be liberated can register for "bundles" of items that include essentials ranging from shower curtains to can openers.
|
|
|
|
|
Things That Save You Money
|
| ● |
Summer is unofficially here. So is wine on the patio season (is that a thing? We think so.) Here are 15 boxed vinos that Food and Wine says are just as good–and in some cases better–than bottles. Plus, there are plenty of picks in the $20-$30 range!
|
| ● |
The average Gen Z’er has nearly $30,000 in debt (#yikes). Get yours under control with the next session of HerMoney CEO Jean Chatkzy’s FinanceFixx. Our class kicking off June 11th is JUST for young professionals. PS, many Fixxers say they were able to save $1,500 at the end of the 8-week program! Use code SUMMER20 for 20% off.
|
| ● |
How long should your smartphone last? Experts say the magic number is 7 years. Extend the life of yours with these tips from the New York Times. One of them? Cleaning charging ports and speaker holes regularly.
|
|
|
|
|
|
How The Coupon Lady Found Herself In Debt
|
|
|
|
In 2010, Lauren Cobello (formerly Lauren Greutman) created an entire brand as "The Coupon Lady" after she shared her story of how she got her family out of $40,000 in debt by couponing and budgeting. Fast forward to 2016, and she had written books about couponing and budgeting, and was filming family finance videos with her kids and husband as main fixtures in her online universe. But here’s the thing about creating a brand and a community around your personal story — sometimes that story falls apart.
|
|
|
By 2017, Cobello and her husband split, leaving her to navigate life as a single mom of four…and back in debt again. For a while, she continued to post to keep her brand alive, but felt completely inauthentic doing it. "I wasn’t passionate about personal finance anymore. I was really passionate about helping people build their brands using books and media," Cobello tells Jean Chatzky on the HerMoney Podcast*. "Man, was it scary to jump out and just say, I’m selling that website and going to this new one, but I hired the best publicists that I could find, and I’m having the best time."
Cobello is now the founder and CEO of Leverage with Media PR, where she works with nonfiction authors on all things book promotion. While she says she’s over her Coupon Lady identity for the most part, she still utilizes personal finance hacks to keep her budget in check. Listen in to hear her favorite strategies for saving money as a mom of four.
|
|
| The HerMoney Podcast is made possible by Edelman Financial Engines.
|
|
|
|
|
What Are The Questions That Keep You Up At Night?
|
|
Presented by
|
|
|
At this special event with HerMoney podcast* sponsor, Edelman Financial Engines, their panel of experienced wealth planners will be taking questions from the audience. They’ll provide answers to help guide you through some of the biggest financial challenges you may face – both now and in the future.
Register today and submit your questions. The webinar will take place on Tuesday, June 4 at 11 a.m. ET.
|
|
|
|
|
Ask Jean
|
|
| Q: |
Today’s question comes from Jamie. She writes: I have a good job and good retirement benefits. I work for a public university, so I can save pretax in a 403(b) AND a 457(b). This double savings has made a huge impact on my retirement. But I’m also struggling. I love my job but don’t feel supported. I’ve been there 10 years and I’m thinking about a life change. That said, I’m worried about giving up my double retirement accounts. I’m 48, single, and only have myself to rely on.
|
| A: |
Hi Jamie — I applaud this commitment to retirement, but think that it’s important to think about your happiness today as well. You didn’t mention your numbers, so I’m not sure how much headway you’ve already been able to make toward your retirement goal. But…here’s what I do know: Money saved and invested in your 30s and early 40s is much more valuable than money saved and invested down the road. Additionally, even if you lose some of the tax advantages associated with having these double retirement accounts you can still save money — not just in 403(b)s, but also in HSAs, Roth IRAs, and even traditional non-deductible IRAs. There are many options.
What is clear is that you aren’t sure where you stand in progressing toward your goals. A financial planner should be able to help with that, running the numbers to see exactly where you are. And then consider this: If you are happier at your new job, it’s very possible that you’ll want to stay at it longer than at the job that’s stressing you out. Every additional six months to a year that you work is the equivalent of saving an extra 1% for retirement over your lifetime. That’s money you can count on.
|
|
|
Submit your questions to Jean here.
|
|
|
|
|
More For You To 💛
|
When it comes to retirement, women have different considerations—we want safety, security, stability AND the ability to live life on our own terms. One way we can achieve all of that is with an annuity. The ParityFlex™ multi-year guaranteed annuity, available from Gainbridge®, offers security and flexibility at a time when women need it the most—retirement. With a Guaranteed Lifetime Withdrawal Benefit and flexible withdrawals, it’s like having a paycheck for life. Plus, you’ll also get guaranteed returns at 5.95% APY.¹ Learn more here.**
|
|
|
|
|
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.
|
*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. AM3579885.
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.
|
**This is a sponsored post
¹ Withdrawals are taxed as ordinary income and, if taken prior to age 59 1/2, there may be a 10% federal tax penalty. Withdrawals may result in a surrender charge or a market value adjustment (MVA) and excess withdrawals may result in a reduction of future payments under the guaranteed lifetime withdrawal benefit. Guaranteed Lifetime Withdrawal Benefit provided so long as your account value hasn’t gone to $0 due to excess withdrawals. Annual Percentage Yield (APY) rates are subject to change at any time, and the rate mentioned may no longer be current. Please visit Gainbridge.io for current rates, full product disclosures and disclaimer. ParityFlexTM, a multi-year guaranteed annuity, is issued by Gainbridge Life Insurance Company in Zionsville, Indiana.
|
|
