Social media trends, specifically on TikTok, can cover a wide range of topics, from new food recipes to viral dances and much more. One trend, however, is rawer than most as creators are sharing very transparently how they divvy up their paychecks each week. Videos with the keywords “payday routine” on TikTok are virtually endless and millennials … Read more
This financial plan may no longer make cents. Sen. Elizabeth Warren’s 50/30/20 method was once touted as a gold standard for budgeting, fortifying followers for a strong financial future while still allowing them to enjoy their day-to-day lives. Under the system — popularized by the Massachusetts Democrat and her daughter, Amelia Warren Tyagi, in their … Read more
Millions of Americans are forking out thousands of dollars for online courses, pursuing passion projects and acquiring new skills they hope will give them a competitive edge in a tight job market. But with the average course costing $1,400, Sabina Hitchen, the CEO and founder of Press for Success, said you need to make informed … Read more
An elderly widow from Arizona feels “devastated” after losing her entire life savings of $25,000 to telephone scammers last month. Susan Guthrie, 76, was conned by fraudsters who posed as Microsoft employees and talked her into depositing the money into their account, SWNS reports. They convinced her that her computer had been hacked and unless … Read more
Millennial women are about to control more money than ever — and they’re betting on each other. Researchers at financial organization Ellevest surveyed 2,041 women aged 18 to 69 with a salary higher than $150,000 or a net with of $750,000 or more to determine how an expected great wealth transfer will impact and be … Read more
Show them the money. In these anxious-making times of economic uncertainty where the cost of everything is up, from your morning cup of coffee to a mortgage, struggling Gen Z and millennial workers are rushing to file their taxes, research shows — and keeping fingers crossed for a fat refund. In a typical year, Americans can … Read more
Gotta give her credit — a UK self-confessed shopaholic claims she paid off more than $15,000 in debt in two years by practicing zero-based budgeting and cash stuffing. Sarah Bartlett, 37, says she was juggling eight credit cards at one point as she splashed out for theater tickets, clothes, designer handbags, iPhones — even a … Read more
Time is money — Americans believe the average day is worth $134, according to new research. A survey of 2,000 U.S. adults revealed that, aside from their job, Americans think that they do $134 of work when factoring in cleaning (64%), cooking (55%) and driving (41%). Though the average respondent spends $35 on any given day, … Read more
Brace yourselves, parents — some children are receiving crisp $100 bills and fancy jewelry, à la Louis Vuitton, from the Tooth Fairy. “That was her first baby tooth that she lost, and the process was uncomfortable for her, so we decided to give her the extra Tooth Fairy experience,” UK mom Chidera Nig, 32, told … Read more
Don’t just wing it if you want low airfare. The prime booking window for cheap flights is approximately 2.5 months to 3 weeks in advance of your trip, a new study from CheapAir.com has found. Travelers who wait until less than a week out pay 59% more on average compared to their non-procrastinating friends. However, … Read more
It’s a taxing experience. Over half (54%) of Gen Zers report that the stress of filing taxes has brought them to tears, according to a new survey commissioned by Cash App Taxes. One in 4 Gen Zers even claim they need help from their therapist to recover from the traumatic experience. “People in these generations … Read more
She’s running a monopoly. Shelby Lattimore, a third-grade teacher in Charlotte, North Carolina, is teaching her students financial literacy by charging them rent for their desks and late fees for tardiness. “I don’t care how you pay it … what bills you give me … what it is or if it’s got sticky boogers on … Read more
Poor things! More than half of adults 18 to 34 years old rely on some sort of allowance from their parents, according to a study released Thursday by the Pew Research Center. Gen Zers 18 to 24 are most likely to depend on their parents for financial support. In fact, more than half of this … Read more
Young adults are more likely to admit they are “obsessed” with chasing after the high life, according to a new survey by Credit Karma and Intuit. The survey conducted by Qualtrics on behalf of Intuit Credit Karma in December 2023, found 44% of Generation Z and 46% of Millennials say they are “obsessed with the idea of being … Read more
The cost of love in 2024 is enough to break your heart. A new report reveals the precise amount Americans feel pressured to spend on their special someone this Valentine’s Day — and the price tag could hurt. A survey from consumer review site Trustpilot found that the cost of Valentine’s Day 2024 will average … Read more
Overwhelmed by the current financial crisis, Gen Z and millennial denizens are reportedly throwing money they don’t have at all manner of things they can’t afford. Because it feels better to let it ride on momentary pleasures than to stress about uncertain futures, existential dread, and a chaotic housing market, many young and young-ish adults … Read more
“Quiet luxury” and “Doom spending” are out. “Loud budgeting” is in. The in-your-face financial trend, where crying poverty is the new flaunting of wealth, couldn’t be more perfect for Gen Z, known for their love of oversharing. Being a loud budgeteer is easy, too — just begin talking very openly, to anyone who asks or doesn’t … Read more
Her pie-in-the-sky idea has really taken off. A Colorado woman says she has saved $40,000 on medical and beauty treatments over nearly three years by traveling abroad to visit the dentist, receive Botox — and even get her hair done. “I was getting hair extensions done in Idaho — they had raised their prices to … Read more
Here’s how to make 2024 the year of the money bags. The majority of Americans planned financial resolutions for the new year with the top three being to save more money (41%), pay down debt (38%) and spend less (30%), according to Fidelity’s 2024 Financial Resolutions survey. This comes as Gen Z and millennials are losing … Read more
Americans with limited savings stress about their finances for nearly an entire work month (18.63 days) each year, new research suggests. A survey of 2,000 U.S. adults with less than two months of liquid savings or assets on hand found that while their finances are often top of mind, a third (33%) feel paralyzed to act when a financial … Read more