It’s time for a Friday Flight! These episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to come out on the other side even stronger. In this episode we cover some interesting and helpful stories like falling rents and how to pay less for your apartment, investing within an HSA, debt collection agencies using social media, new stimulus check scams, WFH leading to overwork, giving babies credit cards, the best 529 plans for 2020, and the generation who owes the most in student loans.
Additional resources from this episode:
- If you’re looking to open your own HSA to not just pay for healthcare expenses, but to use it like a retirement account, then look no further than Lively and Fidelity. They both are low cost with great investment options!
- There have been reports of new stimulus check scams going around by text message- don’t click those links! And listen back to last week’s interview with Carole Theriault on cybersecurity if you haven’t already.
- Consider giving your kids authorized user status on your credit cards in order to jump start their credit scores! I added all 4 of my kids on my Capital One Quicksilver card since they don’t have any age requirements. The Capital One Venture Rewards credit card is also a really solid card!
And as we’ve ramped up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!
Best friends out!