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: MCM furniture paying dividends, sweating to save some money, federal tax credits to help you install solar, scammers targeting utilities, UNstable coins, crypto crashing, Robinhood jacking up fees, Carvana sticking it to 2,500 employees, the shifting labor market, & buy now pay later companies leading millennials into billions of debt.
- Saving more – As inflation remains high, here are seven ways that you can save more money this week.
- Check out Glen’s blog if you’d like a deep dive into how he’s cutting back on his electricity bill every month.
- Scam – If you ever are the victim a fraud or a scam, let the Federal Trade Commission know by heading to ReportFraud.ftc.gov or file a complaint with the BBB’s scam tracker.
- Investing – And of course we touched on investing during this episode- listen back to how we invest our money with brokerage houses like Fidelity, M1 Finance, and Vanguard.
- Extra cash – And regardless of where you are on the path to financial independence, we believe in the responsible use of credit cards. It’s smart to utilize the additional benefits that credit cards offer- for instance the 80,000 points that come with the Chase Sapphire Preferred Card. That’s $1,000 when you redeem through Chase Ultimate Rewards! This is no joke- I’ve already done this myself which we discussed on a recent episode after I met the initial spending requirements of $4,000 over 3 months!
And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend!
Best friends out!
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