It's not too late! Plus: Unhappy overachievers, social media sales, can your savings go the distance and more.
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It's Not Too Late! 5 Ways To Make Sure Your V-Day Gift Doesn't Suck
Last year 43 million Americans received an unwanted Valentine’s Day gift. That’s $9.5 billion spent on undesirable items — a list that includes, according to WalletHub, cheesy stuffed animals, tools, kitchen gadgets and exercise equipment. (Hope you kept the receipt for that life-sized pink teddy bear!)
Instead of buying another landfill-destined heart-shaped tchotchke, take the $196.31 average the National Retail Federation says we’re spending this year to celebrate Valentine’s Day and put it toward a more substantive gift.
To be clear, we’re not doling out tips on how to buy noncrappy gifts for a significant other. (Here’s that article.)
The five V-Day gift ideas we came up with are still completely bereft of romance and have zero sex appeal. But eventually — maybe in a day, or perhaps several months from now — your sweetheart will realize exactly how thoughtful your gift really was. And, it’s not too late to get these.
Plus:
Why Happiness Eludes Overachievers, Even When We 'Have It All'
When’s the last time you thought about your net worth? What about your self-worth? Did you ever consider that those two things might be related?
On this week’s HerMoney Podcast* business coach Keren Eldad — aka "Coach Keren" — connects the dots and explores why happiness can elude us even when we achieve our goals.
Jean and Keren talk about the positives of perfectionism, setting goals vs. creating judgment, self esteem vs. self acceptance, dealing with burnout and how to replace fear with inspiration.
In Mailbag, listeners get answers to their questions about investing in grad school, Roth 401(k)s vs. traditional 401(k)s and how to protect a father’s estate. Then in Thrive, Jean dives into a new way to pay for college — ISAs, or income share agreements.
With Life Expectancies On The Rise, Do You Have Enough Money To Go The Distance?
Running out of money in retirement is the biggest financial fear, bar none. But it’s uncertainty that feeds fear. So if you haven’t run the numbers lately — or ever — to see what your portfolio is likely to produce as income in retirement, now’s the time.
A new report from the Centers For Disease Control and Prevention shows that life expectancies are on the rise. As Jean writes in this article, with our longer life expectancies (nearly half a decade longer than men), women need to know if the amount we’re saving is enough to fund the sort of lifestyle we’re envisioning in retirement.
Here’s a three-step plan to get more clarity on how far your savings will take you in retirement — and if it’s not enough, how to make up the difference.
Yes, Renting Is Still Cheaper Than Buying, But Is It The Best Decision Long-Term?
It’s been a big week for real estate news. Although there’s no end in sight to the nation’s housing affordability woes (particularly for millennials), a simultaneous increase in rents and tempering of home prices, has leveled the playing field as far as renting vs. buying is concerned.
As of the end of 2019, average rents hit $1,319 per month (up 4%) and monthly mortgage payments averaged $1,600 (down 1%). And, as of last week, both 15-year and 30-year fixed rate loans dropped to three-year lows, bringing buying (for those that can afford the down payment) more into range.
We dive into the current state of real estate and what it means for renters and potential buyers.
Social Media Steals: How To Use Facebook to Save on Fashion
Social media isn’t just a place to connect with friends. On Facebook, brand-focused buy, sell, trade (BST) groups have amassed tens of thousands of members scoring deep discounts on high-end brands from other fans of particular brands. It’s where you need to be if you’re looking to shop, swap or unload a Lilly Pulitzer shift, some Kate Spade accessories, Lululemon leggings or clothing from any other well-known brand.
We talked to BST community pro Annie Fairfax about the story behind the 40,000 member Lilly Pulitzer-focused Facebook group she launched and her top tips for getting the most out of your chosen community.
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*This is a sponsored podcast, and it’s a part of a paid campaign with Fidelity Investments, which means we were compensated for this piece of educational content. Thanks!
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