The Cheapest Cities Near Austin
Keep things weird in one of these neighborhoods.
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Keep things weird in one of these neighborhoods.
The post The Cheapest Cities Near Austin appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
Learn all about Orlando. After all, it’s called the City Beautiful for a reason.
The post Moving to Orlando: What All Renters Need to Know appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
Hereâs how to answer those tricky behavioral interview questions from hiring managers who ask what youâve done in the past.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
With water on both sides of the city, there’s always something to do.
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No time to burn bridges: Hereâs how to quit a job and advance your career without creating workplace drama that could boomerang on you.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Itâs hard to think that there is a bright spot when you look at the death and destruction that the pandemic brought to so many. But if we step back, letâs see if there has been a silver lining for some.
We canât forget the backdrop of the pandemic. We were petrified as we went into 2020, as people got sick and businesses started to shutter. We had no defenses from the disease or from losing our loved ones and livelihoods. Unemployment surged to levels not since the Depression. But help was on the way. The government poured trillions of dollars into the economy; people received real money via two rounds of stimulus payments; the government also paused mortgage and student debt payments for millions of people; the Fed kept liquidity flowing into our economy; inflation and interest rates were negligible.Â
According to the Census Bureau, stimulus payments lifted 11.7 million people out of poverty. In other words, almost 12 million more people would have been considered impoverished if Congress had not acted to alleviate the situation.
The stimulus checks were delivered to people both above and below the poverty line.  We know that not everyone benefited equally, and many people are still in a tenuous position. But if you were working and Zooming from home in your PJs, you didnât need to buy work clothes or spend money commuting to the office. You werenât traveling or going out to eat. So, for those who were lucky enough to keep their jobs and were not trying to just survive, the stimulus checks were a bonus. Working from home allowed many to reduce their expenses. Their mortgages and student loans were on pause, and they diligently increased their savings. These people amassed $2.7 trillion in extra savings.
The personal savings rate, which is a measure of how much money people have left over after their expenses and taxes, soared to almost 33% in April 2020, according to the Bureau of Economic Analysis. For the two years before the pandemic, it had averaged just under 8%.
According to a report from NerdWallet and Goldman Sachs, families in the top 20% of income put more than a third of their extra savings into investment accounts or down payments on homes, and lower-income families mostly kept their extra savings in banks or used it to pay down debt. Whatâs interesting, as noted in the report, is that, âThe majority of Americans (78%) report that the pandemic has spurred them to take some sort of financial action.â
Americans also paid down some of their credit card debt during the pandemic. Over $100 billion in credit card debt has been paid off by consumers due to the influx of stimulus money. People also had fewer places to spend money, but still they could have been clicking away online, and didnât. Before you jump for joy, the average cardholder still has more than $5,000 of credit card debt.
I wish I could see the trends of spending less, saving more and paying down credit cards continue ⦠but no. We noted a great holiday shopping boom, even the midst of rising prices due to supply chain issues and inflation. Holiday spending increased by 11% for online sales and over 8% for in-store sales.
Optimism about improved finances in 2022 is highest among Generation Z, those born from 1997 to 2012, and diminishes with each successive older generation, based on Bankrateâs survey findings.
Gen Zers and millennials who said they felt optimistic about 2022âs finances most often attributed it to making more money at work, while baby boomers who felt positive cited having less debt.
Some of this optimism is based upon the fact that the younger generations are expected to enjoy higher wage increases in 2022. Pundits say that the expected 4% wage increase is due to the current soaring  7.48% inflation rate, as food, housing and gas prices are spiking. I think it also has to do with the fear of losing good employees. Last year the job market lost over 38 million workers during the Great Resignation, to seek fame and fortune elsewhere. The raise many will receive may not be a reflection of a job well done, but more of a plea not to leave.
The pandemic can be seen as a really tough wake-up call. It stills looms over our nationâs health. Financial health is part of your overall health. Itâs not about how much you earn, itâs about how much you save and spend to create a stress-free life for you and your loved ones.
As if adulting wasn’t enough, juggling final exams, project deadlines, and a social life, along with worrying about getting a job out of college, can make the last few months of your senior year feel overwhelming. The good news is…
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What can employers do to make sure theyâre filling job openings with qualified candidates? This guide can help.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Another hot inflation reading sparks concerns that Fed policy will get tighter, sooner, weighing on technology shares.
Wall Street capped off an omicron-inspired zigzag week of trading with a dip after November’s headline jobs figure came up short.