Australians have $1.4 billion worth of gift cards gathering dust. Aussies are wasting money on gift cards that go unspent, with at least one in three in possession of an unused one, new research from comparison site Finder has revealed. Of Australians that have an unused gift card (or cards), the average amount is $198, … Read more
When employees who contribute to a 401(k) plan leave a company, they have options for what to do with that money. Depending on what the employer retirement savings plan allows, exiting employees may be able to keep the money in the current plan, roll it over into an IRA, or buy an annuity. In some cases, … Read more
Laguna Beach, California Luciano Lejtman | Moment | Getty Images When most people think of Laguna Beach, California, they think of its scenic coves and beaches. But the small coastal city — with a population of around 22,600 — is also pioneering a new model for elder care. About 77% of adults ages 50 and … Read more
Ryanjlane | E+ | Getty Images People often start the year by revisiting their budgets with a resolution to save money and cut back on discretionary spending. Yet, experts say hobbies shouldn’t be the first category to go. Americans on average spent $3,458 on entertainment in 2022, according to the most recent Consumer Expenditures report … Read more
Owning a home has been the great Australian dream for many — but for most young people, it’s become a nightmare. Sydney mortgage broker Quang Huynh explains how saving for a deposit has drifted beyond reach for the young generation due to one significant problem. “Young people want the best of both worlds,” Huynh tells … Read more
It’s not hard to see why people find the concept of FIRE — short for financial independence, retire early — alluring. Adherents to the movement aim to stash away as large a portion of their income as possible in investment accounts. The more aggressively they save, the sooner they can reach their so-called FIRE number, … Read more
One of the most common New Year’s resolutions is to get in the gym and tackle your fitness goals, but doing so doesn’t have to be an investment that empties your pockets. “Nowadays there are so many free resources that we can find. Different plans and workouts,” Kollins Ezekh, a celebrity personal trainer and founder of Members … Read more
A 28-year-old corporate lawyer has spilled her secrets on how she saved $35,000 in 12 months using a simple budgeting method anyone can follow. Aleks Nikolic explains how putting a label on the planned future use of the funds can help boost your savings — making it harder for you to spontaneously spend your earmarked … Read more
Consumers shop in Rosemead, California, on Dec. 12, 2023. Frederic J. Brown | Afp | Getty Images The annual inflation rate edged higher in December following two months of declines. However, that reversal likely isn’t cause for concern — and may be somewhat misleading, economists said. “We’re still making progress in the inflation fight,” said … Read more
Recep-bg | E+ | Getty Images The U.S. Securities and Exchange Commission on Wednesday approved the first U.S. spot bitcoin exchange-traded funds. But experts urge caution before piling into the long-awaited ETFs. The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock, Fidelity, Ark Invest, WisdomTree and Grayscale. The new investment provides … Read more
