Oh hey. We're back for week two of Financial Literacy Month, ready to bust another common money myth. Reminder: last week, we talked about why net worth is a better indicator of financial health than your income. This week, we're talking credit. And why you don't need to carry a balance on your credit card to build it. But first...
A Facebook overshare. Last weekend, more than 500M users worldwide (including CEO Mark Zuckerberg and maybe you) learned their data – phone numbers, birthdays, emails – was leaked from a 2019 hack. Here's how to protect yourself after a data breach.
The digital yuan China wants. The country's been testing out a new e-currency, backed by its central bank. That makes it different from Bitcoin and other cryptocurrencies, and easier for the Chinese gov to control. Some worry the digital yuan could threaten the US dollar's global status.
Janet Yellen: 'let's call it even.' The US Treasury Sec is pushing for a global minimum corporate tax rate. The goal: discourage corporations from moving money overseas for tax savings, so govs could get more tax revenue. Not a coincidence: the Biden admin wants to raise US corporate tax rates to help pay for its infrastructure proposal.
"Plus-up" money is rolling out. The IRS has started sending make-good payments to people who qualify for more stimulus money, now that 2020 tax returns have been processed. If that's you, spend smart.
What just can’t ketchup? Restaurants are struggling to stock up on ketchup packets thanks to the ongoing high demand for takeout amid the pandemic. Mayo be time to relish mustard instead.
If you heard carrying a credit card balance is a good thing...
Don't believe it. Actually, that can lower your credit score. So getting this wrong could cost you money and hurt your reputation. The point of building credit is to show future lenders (that could approve you for a mortgage or car or biz loan) that you can be trusted with their money. You can do that by charging something on your card, and paying it off before the bill's due. No debt balance required. We Skimm’d a few more pointers on keeping your score up here.
If you've been thinking about a new job…
Start crafting your pitch. Think about the skills and solutions you bring to the (conference) table, and use that problem-solving power to get your seat. Because making it clear you're a fixer – not just a job seeker – can help set you apart in a competitive job market. Once you land the virtual interview, here's how to ace it.
If you believe time is money…
Save it. We Skimm’d 16 time-saving products that can make life easier. Like a veggie slicer that lets you skip the onion-chopping tears. And a self-watering planter that keeps your plant babies alive. Because getting those minutes back means more time for you to spend on whatever brings you joy (or more money).
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Skimm'd by: Ivana Pino, Stacy Rapacon, and Elyse Steinhaus
April 2 | It's Financial Literacy Month. The March jobs report is out. And our tips for finding money you didn't know you had.
March 26 | The first city in the US approved reparations and the bull market turned one. Plus our tips for keeping all of your accounts and passwords safe.
March 19 | Stimulus payments have hit. The IRS set a new tax deadline. And COVID-19 tests might be the new STD test.