Personal Finance

TechDesk ,
@TechDesk@flipboard.social avatar

As the U.S. government move forward with a bill that could see TikTok banned, journalist Jamie Feldman talks about how opening up on the app helped her come to terms with her $18,000 debt.

https://flip.it/PG_XRF

And Axios reporter Emily Peck explains how bad financial advice is often shared on the short-form video platform.

https://flip.it/yZfmyC

nazokiyoubinbou ,
@nazokiyoubinbou@mastodon.social avatar

@TechDesk It sure is too bad no other forms of social media exist to allow someone to do things like talk about being in debt. If only something else existed. It sure is sad to see something that is the only single one of its entire kind potentially have to go a slightly less profitable route since there are no alternatives.

In case it's not driven home enough, Feldman could have done the same thing on a different platform including, but not limited to, one right here on the Fediverse.

ProPublica ,
@ProPublica@newsie.social avatar

Bought a App and Reduced Protections. Guess What Happened Next?

The giant has long sought to become a financial powerhouse.

But after it acquired a neobank called One in 2022, fraud complaints multiplied and customer reviews cratered.

https://www.propublica.org/article/after-walmart-bought-finance-app-one-complaints-soared?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

zachvat ,
@zachvat@newsie.social avatar

@ProPublica

America will be great again when the last Supercenter closes.

severud ,
@severud@vivaldi.net avatar

"A “Standard” Personal Finance Curriculum is designed as a high school personal finance course. It is divided into seven units that address the six National Standards for Financial Literacy and a standard on decisionmaking, respectively. Each unit includes a description, talking points, and links to recommended resources for teaching the given standard, along with a selection of supplemental resources. The talking points are introductory comments and information about the content for each unit. Recommended resources include lessons, videos, and online modules. Thus, the curriculum is designed with flexibility for teachers to select the individual resources that best meet the needs of their classes. The curriculum also includes a glossary of terms and a matrix that aligns all of the recommended and supplemental resources with the national standards."

https://www.stlouisfed.org/education/a-standard-personal-finance-curriculum

FantasticalEconomics ,
@FantasticalEconomics@geekdom.social avatar

@severud

Free highschool personal finance course from the St. Louis Fed. The Fed is doing some great work in helping increase which more educators should know about!

@edutooters

BakerRL75 ,
@BakerRL75@m.ai6yr.org avatar

Gift link from Washington Post: You need to be saving more for emergencies, thanks to climate change

https://wapo.st/3rGt9Hm

ProPublica ,
@ProPublica@newsie.social avatar

They Were Promised Help With Payments. Then They Got a Notice.

enrolled in Nevada’s mortgage assistance program have received foreclosure notices when the money fails to make its way from the federal government to the loan providers on time.

https://www.propublica.org/article/they-were-promised-mortgage-help-then-they-got-foreclosure-notice?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

NewsDesk ,
@NewsDesk@flipboard.social avatar

What the new U.S. Federal Reserve interest rate hike might mean for the economy.

Vox has an explainer on the change that brings borrowing costs to a 22-year high range of 5.25 to 5.5 percent, an increase that will be felt by businesses and consumers alike.

https://flip.it/e7DSHY

Algeerto ,

Are there any disadvantages to paying off your mortgage? Can you always just get another mortgage later on, or doesn’t it work that way? This is in Canada, where mortgage interest is not tax deductible.

patchw3rk ,
@patchw3rk@kbin.social avatar

I'm absolutely flattered to be the first person to post on /m/PersonalFinance.

robpegoraro ,
@robpegoraro@journa.host avatar

Those of you who have moved from Intuit's Mint to Quicken Simplifi: Were you able to import exported Mint records without having Simplifi throw up the unhelpfully vague message "An error occurred" and stop the import? And what incantation did you have to utter/animal did you have to sacrifice to get that to happen?

NewsDesk ,
@NewsDesk@flipboard.social avatar

The Fed's hot pause summer gets an ice bath: Interest rates rise again in the U.S.

NPR explains the Federal Reserve's latest move: https://flip.it/UkGu0n

WierdWebDev ,

I have started receiving mail for an LLC in another state... my home address is listed as "The principal address" and other than two mentions of the LLC filing from those states, I cannot find any information on what this LLC is... suggestions? (also, not sure if this is the right place to ask)

NightGaunts ,

How do Treasury bonds work? I purchased some (series-I) at almost 7% in May. I thought it was a fixed rate but noticed that it may only be a fixed floor and the rate may vary. Do Treasury bond rates remain the same or are they variable?

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