August 23, 2019 edition
The gist → Solar power is a safe way to save, but if panels aren’t maintained, savings can go up in flames. CNBC
The move → Do the math before you go solar. Learn more.
The "minterns" taking internships in their 30s
The gist → orkers are increasingly changing fields mid-career and using internships to facilitate. BBC
The move → Considering a change? Start with informational interviews. Learn more.
Uber driver involved in crash warns other drivers of insurance gap
The gist → Lots of drivers are underinsured, and assuming your coverage is cool can cost you. News Channel5 Nashville
The move → Revisit your auto coverage to know when you’re protected — and when you’re not. Learn more.
No money moves to make this week? Why not try a 5-minute money task? May we suggest:
💸 Roll over an old 401(k)
🐣 Cut your childcare costs
🛋️ Find affordable therapy
The yield on the benchmark 10-year Treasury note, which briefly inverted for a second time this week on Thursday. CNBC
The amount rapper Lil Nas X paid for the beat he used in “Old Town Road,” the longest-running #1 song in the U.S. — dethroned this week by Billie Eilish’s “Bad Guy.” Paper
The cost of Popeyes' new chicken sandwich, which has taken the country by storm. Money Slackers
The cost of the Taycan Turbo, the new electric car debuted by Porsche this week to compete with Tesla’s Model X. Business Insider
**$18.25 Million **
The listing price of Meryl Streep’s Tribeca loft — Statue of Liberty views included. WSJ
The monthly subscription cost for BBC and ITV’s BritBox, now streaming on Facebook. Variety
100 WORDS OR LESS
When saving for retirement, how much do I need to worry about where I’m putting my money? — Christian
Where to invest should be a lower priority than just investing in general. Especially if you have many years until retirement, market fluctuations and corrections will affect your money no matter where it is. If your company offers a 401(k) match, you should take advantage of the full match, but other than that, the most important thing right now is to set an amount to save each month and stick to it.
— Patrick Hanzel, Policygenius CFP®
Last thing you resisted buying: A night out
How did you resist it? I took a look at my discretionary spending over the past few weeks (no bueno)
Last thing you splurged on: Designer sunglasses
Why’d you ok the splurge? I built up enough credit card points to pay for the glasses
#1 money tip: Have tangible goals and set milestones for yourself