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| Stat Of The Day |
| 76% |
| That’s how much sales have spiked for the print version of The Odyssey this year, as moviegoers brush up on their Greek mythology before heading to theaters. The most popular translation flying off shelves? Emily Wilson’s. She made history in 2017 when she became the first woman to translate the epic poem into English. Her version has now crossed 1 million copies sold. Homer never saw this plot twist coming. |
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| AI And Your Money: What It Can Do, What It Can’t And Where It Can Get You Into Trouble |
Have you started letting AI help you with your money? If so, you’re not alone. A new report found that 55% of people use AI to help manage their finances, up from just 10% a year ago. But here’s the twist: only 18% say they’d trust AI to make financial decisions entirely on its own.
So what does that look like in practice? We dug into it on a special episode of the HerMoney Podcast, sponsored by LIMRA, with Emmy-winning tech journalist Joanna Stern. She’s the author of the new bestseller, I Am Not a Robot: My Year Using AI to Do Almost Everything.
Like us, Stern believes that time is money – and that was one of the biggest savings she saw throughout her experiment, especially when it came to writing her book.
Another big win started, of all places, in the dentist's chair. Stern switched dentists, and her new provider ran an AI tool that flagged cavities and areas needing a "deep clean." The price tag? Over $1,000, with no guarantee insurance would cover it.
Stern got a second opinion and ended up not needing the work at all. "My feeling was that what happened with this original dentist was that they were using AI to justify this higher-priced treatment," she shares.
🤖💵 For more on how AI can (and can’t) help you with your money – especially when it comes to planning for retirement – check out this guide from LIMRA. |
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| Money Stories Wanted! |
We're working on a new project that will spotlight real women, with real money stories to tell...and we want members of the HerMoney community to be part of it!
The project will feature fun, personal profiles that include your MoneyType (the personality behind how you earn, save, and spend) alongside your money habits and tips you swear by, your latest financial wins, etc.
Want in? Fill out this form. |
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| This Week In Your Wallet |
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Don’t tell Chip and Joanna – but America’s love affair with fixer-uppers may be over. This year, homes that need TLC before moving in are selling at a 14% discount compared to similar move-in-ready homes – the steepest discount Zillow has recorded in years and nearly double last year’s 7.3% gap. "For many Americans, the math behind buying a fixer-upper no longer pencils out," reports CNN. "Tariffs, inflation and a shortage of construction workers have made home improvement projects significantly more expensive — and often more time-consuming — over the past few years."
How much money you need to retire matters, of course – but figuring out how you’ll actually spend your time once you call it quits is important too. With many retirements now lasting 20+ years, it's a question fewer people plan for than you'd think. "It's not necessarily about optimizing your finances, it's about optimizing your life," Michael Crews, author of the retirement book Saturday Everyday, tells The New York Times. "The real question is: How much can you do in your life and not run out of money?" For some, that means picking up a new skill; for others, it’s "unretiring" to consult or work part-time, tapping the social and mental perks of staying active. Experts say a 20+ year retirement typically unfolds in three phases – here’s what they are, and how to plan for each.
🚨 PS, ready to figure out your own "how much can I do?" answer? Join us for our FinanceFixx Pre-Retirement Checkup, kicking off TONIGHT, where we get tactical about turning your retirement timeline into a real plan. Register here and use code SUMMERFIXX for a special discount!
Have teens working summer jobs? Great. Now’s your chance to help them manage what they’re earning, and teach them some lessons while you’re at it. As Michelle Singletary writes for The Washington Post, too many parents let their teens treat summer paychecks like a slush fund, missing out on a prime opportunity to help them get a jumpstart on their financial futures. She flags five big ways to do so, including helping them open a Roth IRA. "If you can afford it, you might say you’ll match whatever they put in the Roth, or some percentage of their contribution, much like employers do," suggests Singletary. |
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