It’s time for a Friday Flight! These episodes are all about the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you to continue to make smart money moves. In this episode we cover some relevant and helpful stories like: what to watch out for when switching to an online bank, employer-matched savings accounts on the rise, IKEA buying back your furniture, the easiest way to get all of the shampoo out of a bottle, annoying hotel fees on the horizon, simple tricks to supercharge your retirement account, the underutilized Roth 401k, falling investment fees, avoiding eviction through federal rental assistance, & where to save the most on a refinance.
Additional links
- We’re big fans of our discounted cell service that we mentioned at the beginning of the episode: Mint Mobile.
- We encourage your to avoid common fees at all costs (pun intended). But seriously, little fees add up and erode your savings.
- Here’s everything you need to know about emergency funds, including where to keep them to earn the most interest!
- Listen back to episode 206 to learn if hiring a financial advisor is a good idea for you.
- Learn more about federal rent assistance via the CFPB.
- And refinancing your mortgage could save you hundreds of dollars a month. When you’re ready to make it happen, compare quotes and get the best rate with Credible.
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With federal rent assistance the issue lies with the programs. Many of them have stopped accepting applications or haven’t even built an access portal to their city/county. I checked Atlanta and they have currently stopped accepting applications. This is a case of poor management and not poor outreach.
-Turner
Thanks for that, Turner. The rollout of these programs has been continually bungled. Fortunately we’re not seeing evictions skyrocketing right now. But I still wish that money had actually flowed into the hands of renters in need.