by Kari FaberStaff WriterYour money should always be making you more money. Every millionaire knows this.Which is why they never leave their millions sitting in a regular bank account — they invest it. And a lot of the time, they have a professional handle their investments for them and multiply their wealth without even thinking about it.But why should the rich be the only ones who get access to investment
by Catherine HilesContributor Since March 2020, more and more Americans have been working from home thanks to the COVID-19 pandemic. But now, with vaccinations available widely, some workplaces are asking their employees to return to the office. Or, at least, management is talking about returning while keeping an eye on the Omicron variant and ever-changing infection numbers around the country before making a firm decision. If the thought of giving
by Rachel Christian, CEPF®Senior WriterSocial media isn’t just for cute pet pictures and vacation videos. It’s where many investors — especially young ones — get advice about the markets.From trading stock tips on Twitter to speculating about crypto on Reddit, online platforms influence how we invest our money.The Penny Hoarder polled nearly 2,000 investment app users in December 2021, and 44% of respondents get investment advice from Facebook. YouTube is
by Rachel Christian, CEPF®Senior WriterInvestment apps are giving people more ways than ever before to buy and sell cryptocurrency.Traders in the past were limited to crypto exchanges, like Gemini and BiNance, which feature complex registration and transaction processes that can be intimidating to newcomers.Apps such as Robinhood, SoFi, Webull, Public and others have simplified the process for retail consumers. These apps act as crypto brokers, placing digital coin orders directly
by Robin Hartill, CFP®Senior EditorIf you think you need lots of money to invest, think again. Investment apps, which typically offer commission-free trades and have little or no minimum investment, have ushered in a new era that makes investing small amounts of cash viable.The Penny Hoarder recently surveyed nearly 2,000 people in the U.S. who regularly use investment apps and found that most users are investing relatively small amounts. Nearly
by Kent McDill When modern consumers look at their subscription account statements, occasionally they ask themselves “At what price would I stop using that service?” It is possible Amazon Prime has reached that point for some of those consumers. On Feb. 3, Amazon raised the annual cost for Prime membership in the United States from $119 to $139. For those users who pay monthly, the cost goes from $12.99 to
by Timothy MooreContributorUsing an automated teller machine, or ATM, is a common part of personal finance for most Americans. You can use an ATM to deposit and withdraw cash at your bank or credit union, as well as transfer money between accounts and check on your account balance.If you’re new to using ATMs or are worried about doing so safely, review our step-by-step guide to deposit and withdraw cash at
by Kristen Pope, Brynne Conroy Quick Navigation Apps That Pay You to Exercise A Healthy Wage: Get Paid to Lose Weight Evidation: Earn Points by Sweating Sweatcoin: A Fitness App Tied to a Hopeful Cryptocurrency StepBet: Turn Your Own Money into Extra Money FitPotato: Walking Toward the Pot of Gold Fitforbucks: Small Prizes for Lots of Steps Side Gigs for Health and Money Lead Fitness Boot Camps Babysitting the Kids
Real Answers for Life’s Money Challengesby Robin Hartill, CFP®Senior EditorI’m a 31-year-old woman who just completed a career shift out of corporate America and into academia. I worked for a large corporation for about four years and saved for retirement during that time, but I put my savings on hold while I was in grad school. Luckily, I accumulated no debt, but I took a very reduced salary.Now, I’ve been
Best for Simple, Fee-Free BankingU.S. Bank$100 Minimum initial depositBest for Business Interest CheckingAxos Bank$1,000Minimum initial depositBest for Fee-Free, Online-Only BankingBlueVine$0Minimum initial depositBest for New Small Business Owners Wells Fargo$25Minimum initial depositby Kathleen GarvinContributor Starting a business is an opportunity to be your own boss, make money and grow your skill set. There are also the not-so-great, somewhat messy and complicated parts about operating a business. If you start off solo
