by Kari FaberStaff WriterAh, the new year. Time to start fresh!And since you’ve already cut 2021 from your life (albeit, not by choice — but because, you know, time), you might as well keep going. Keep cutting those toxic people, traits and choices from your proverbial life diet and start 2022 feeling good.Where to start? Well, this is The Penny Hoarder, after all. Start by getting rid of those greedy
Best for passive investingBetterment$0minimumBest for micro-investingStash$0minimumBest for active tradingE*TRADE$0minimumBest for access to a financial advisorSoFi Automated Investing$0minimumby Rachel Christian, CEPF®Senior Writer Picking the best investment app can be a tough decision. After all, there are a lot to choose from. From micro-investing mobile apps that buy fractional shares with your spare change to active trading platforms equipped with advanced trading tools and market commentary, there’s an investment app for every
by Nicole DowSenior WriterThe blank slate of a new year is something to look forward to.But as we set financial goals for the upcoming 12 months, it’s important to think beyond broad declarations, like: “I want to save more money.” Without a clear plan mapped out, those types of resolutions often fall through.The 52-Week Money Challenge, on the other hand, is specific and concrete — offering a better chance to
by Katherine Snow SmithContributor Go no further than TikTok to find people quitting their jobs in high-drama ways. “I’d rather not pay my rent than work for someone like you,” a young woman says to her boss — with camera rolling. “Today is my last day working in this toxic workplace,” a one-line resignation message reads. Another man announces he’s quitting by playing the Justus Bennetts song Real Life Sux,
by Robin Hartill, CFP®Senior EditorYou may have seen ads saying you can invest in Google or Amazon for as little as $1. You may have wondered: Is this legit?A whole share of Google parent company Alphabet costs over $2,900 as of December 2021. Amazon’s share price is more than $3,500.But the claims that you can invest in big-name companies with as little as $1 or $5 are actually legit. The
by Robert BruceSenior WriterThe last year in the real estate market has been, well, something.Home prices have skyrocketed across the country, and home buyers have been paying an average of $50,300 more for a typical single-family home, according to the National Association of Realtors. As a result, this market has produced some profitable opportunities for a lot of homeowners.To say it’s a “seller’s market” is an understatement. So, with that,
by Nicole DowSenior WriterHere at The Penny Hoarder, we kind of have a thing for Abe Lincoln. His face is profiled on our favorite coin after all.But as much as we love our pennies, we also like seeing Lincoln’s bearded mug on the front of the $5 bill. And saving $5 bills is much more lucrative than hoarding pennies. The five dollar challenge is a simple money-saving strategy — one that
by Rachel Christian, CEPF®Senior WriterIn 2019, Axos Financial, a large nationwide financial institution, acquired WiseBanyan, Inc., a robo-advisor platform.Axos Financial rebranded WiseBanyan as Axos Invest in October 2019. Building on its managed portfolios platform, Axos Invest launched self-directed trading accounts in 2021.Axos Invest gives users two ways to invest their money: A passively managed portfolio or a self-directed trading account.Managed Portfolios is Axos’ robo-advisor option. It creates a diversified portfolio
by Quinten Plummer There comes a point when great ideas become too rare, turning away business becomes too common, wearing multiple hats has gotten old and you need to hire someone new.You can no longer ignore the opportunity costs of doing business as usual. Your company needs the extra help, the fresh perspectives and the capacity to take on more business – or you need to replace people who once
by Robert BruceSenior WriterOne word to describe buying a home in 2021?Expensive.The price of homes in the United States appreciated 19.9% between August 2020 and August 2021, a 12-month record, according to S&P Dow Jones LLC.Depending on whom you talk to, the market is expected to continue to stay hot through 2022, though at not quite the same rate as this past year.So before we look forward to the house
