4 Times It’s Actually Smart to Spend Money or Take Out a Loan Right Now

But we spoke to Certified Financial Planner Robin Hartill. (Shes also an editor and financial advice columnist here at The Penny Hoarder.) When You Want Your Money to Grow Investing is a smart way to grow your money. No Interest Til Almost 2027? In fact, you could get started with as little as $1 with an app calledStash. But it makes it simple by breaking them down into categories based on your personal goals....

September 17, 2020 · 3 min · 492 words · Stephanie Peterson

Warren Buffett Hates These 5 Investments. Here’s What to Invest in Instead

Imagine youd invested $1,000 in theS&P 500back in January 1965. Today youd be sitting on a nest egg of more than $190,000. Now imagine you were abeginning investorwho entrusted $1,000 with Warren Buffett when he acquired Berkshire Hathaway in 1965. Byinvesting in stocksthe Buffett way, your $1,000 would now be worth $27 million. Want to invest like Buffett? Here are five investments to avoid. When these quarterly reports are released, you hear a lot of hype about the latest Buffett stocks....

September 17, 2020 · 3 min · 550 words · Tiffany Ward

Renting a Storage Unit? Here Are 5 Ways to Get Your Money’s Worth

The experience is even more soul-crushing and expensive when renting a self storage unit is part of the equation. Now youre paying to store stuff you wont see or use on a regular basis. But its important to do it right if you want to keep more money in your bank account. Here are five self storage tips thatll help you save money. Sometimesstorage units just arent worth it. 7 Ways to Make Money if You Hate People Do you avoid people too?...

September 16, 2020 · 2 min · 364 words · Barbara Erickson

250,000 Poll Workers Wanted: Find Paid Gigs In Your Area With This Database

One of those nonprofits created a comprehensive database to make finding local jobs much easier. And in case you didnt realize: Poll workers get paid. 7 Ways to Make Money if You Hate People Do you avoid people too? Enough small talk.Here are some waysto earn extra cash, without all of the social stuff. Like voters, poll workers skew older. Some voting officials directly linked the shortages to older folks choosing to self-isolate....

September 15, 2020 · 2 min · 267 words · Cody Ray

What is the Aflac Duck Selling? Supplemental Insurance Explained

How do you fill those gaps? For some people, buying a supplemental policy might be an answer. For others, it makes less sense. Getty Images What is Supplemental Insurance? This article does not address Medicare or medigap supplements. No Interest Til Almost 2027? Payments are either periodic or in a lump sum up to a plan maximum. Theres a low, mid, and high and all the benefits are the same....

September 15, 2020 · 2 min · 367 words · Luis Johnson

You Can Stop Paying Federal Student Loans, But Should You? 5 Ways to Know

Youve seen the headlines: Stop paying your student loans! But can you really? Benefits include a suspension of payments and 0% interest. Getty Images So should you accept the forbearance? What if you have other loans is there any relief from paying those? Well take a look at options for each of your loans and repayment programs. Can Student Loan Forbearance Help You? Lets start with the facts: Federally heldstudent loans are in forbearanceuntil at least Aug....

September 14, 2020 · 2 min · 330 words · Richard Mcbride

You Need a Budget — And Here’s the App to Help You Stick to One

Having a tool to help you only makes the process easier. One such tool really spells it out directly:You Need A Budget. Seriously, thats the name of the budgeting app. Feeling overwhelmed? Create a budget that works for you with ourbudgeting bootcamp! The cool kids call it YNAB (why-nab) for short. Probably not as good as youd like. It always seems like an uphill battle to build (and keep) a decent amount in savings....

September 14, 2020 · 2 min · 415 words · Stephanie Day

Dear Penny: I Can’t Afford Holiday Bonuses. Do I Tell My Staff Now?

Real Answers for Life’s Money Challenges Im the co-owner of a small business with about 20 employees. Were barely starting to earn a profit again, and were finalizing our budget for the fourth quarter. My question is: Should we tell employees now not to expect a holiday bonus? Theyve worked very hard to get us through the crisis. I dont want to damage morale. Also, theyve never been promised a bonus....

September 13, 2020 · 3 min · 513 words · Victoria Randall

Before You Rent a Storage Unit, Consider These 7 Reasons Not To

But even with the best of intentions, renting a storage unit can end up being a money pit. Are Storage Units Worth It? When deciding whether to put your belongings into storage, here are seven things you should consider. But youre still paying to store it each month. 7 Ways to Make Money if You Hate People Do you avoid people too? Enough small talk.Here are some waysto earn extra cash, without all of the social stuff....

September 12, 2020 · 2 min · 333 words · Kristi Larson

A Second Stimulus Check Probably Won’t Happen. Here’s Why

In July, a second stimulus check seemed like a given. But the odds of a second stimulus check are growing slimmer by the day. They were left out of the bill altogether. This post refers to stimulus checks issued in 2020. For the most up-to-date info, check out ourrecent tax articles. No Interest Til Almost 2027? What Happened to the Second Stimulus Check? The checks werent especially controversial, but Republicans immediately rejected the overall bill due to its cost....

September 11, 2020 · 2 min · 303 words · Lisa Buchanan

Want to Sell on Amazon? Here’s How to Decide Which Products to Start With

The trade of driving taxis is now open to any driver with a car and a smartphone. Babysitters and dog walkers no longer have to post flyers on telephone poles to advertise their businesses. And reselling items youve previously purchased is no longer relegated to yard sales and flea markets. Tina Russell/The Penny Hoarder But how do you know what to sell? If theres a product, theres always at leastoneperson willing to buy it....

September 10, 2020 · 3 min · 524 words · Ebony Smith

Dear Penny: Is It Crazy to Go Back to College and Live in a Bus at 60?

We lived on her income, which of course stopped the day she died last fall. She left a substantial life insurance policy. Two questions: Am I insane for doing what I am doing? I say knowing I will have a roof over my head that I own outright is peace of mind. Being on the receiving end of this feedback is so not helpful. Youre on the cusp of big life decisions....

September 9, 2020 · 2 min · 354 words · Dean Martinez

9 Cool Virtual Field Trips Will Let Your Kids Explore the World — From Home

Youll even be able to ask questions during their live broadcasts. Just here to look? 7 Ways to Make Money if You Hate People Do you avoid people too? This South African elephant park has a live web cam, so you can log on to see the animals living at the park. Enough small talk.Here are some waysto earn extra cash, without all of the social stuff. (Its one of the most visited spots in Amsterdam....

September 8, 2020 · 2 min · 319 words · Dr. Kevin Gonzalez