Money Talks: Open Topic Dec 2021
Do you have a question about recent financial news? Do you have a question about your own person finances? Today’s a great day to contact us. It’s an Open Topic Day.
- The pause on student loan repayment initially put into place under former President Donald Trump and twice extended by Biden is set to expire on Jan. 31.
- The last of the child tax credit from the American Rescue plan were sent out last week.
- The Federal Reserve said last week that interest rates will stay near zero for now.
- “10 Surefire Tax Tips For Year-End 2021” https://www.forbes.com/sites/ashleaebeling/2021/12/08/10-surefire-tax-tips-for-year-end-2021/?sh=ed7aed61bfc3
- January typically has discounts on bedding and linens, fitness equipment, and TV and electronics – those just before the Super Bowl. https://www.nerdwallet.com/article/finance/what-to-buy-every-month
- Many of the nation’s largest banks are cutting overdraft and non-sufficient funds fees for customers in 2022. Lawmakers and regulators have criticized banks for penalizing already cash-strapped customers.
Money Talks: Buy & Selling
We’ve got two sides of the same coin today: what to do with inherited items you don’t want and also how acquire things you need when you’re on a budget. We’ll discuss ways to get rid of material items if you are trying to downsize and how to accumulate, inexpensively, household objects you may need.Useful websites:https://www.gobankingrates.com/saving-money/home/why-still-wasting-money-storage-units/https://dengarden.com/cleaning/Stuck-with-Your-Parents-Stuffhttps://www.legalzoom.com/articles/7-tips-for-getting-rid-of-your-parents-lifelong-possessionshttps://financialgym.com/blog/how-to-furnish-an-apartment-without-breaking-the-bankhttps://www.lifehack.org/525095/8-the-best-places-buy-used-goods-online
Money Talks: Cutting Expenses using Technology
We’ve had previous shows talking about cutting expenses. Today’s tips will be ways to use the internet and apps to help you save money. Money that you could then use to invest or pay off debt.Our suggestions are inspired by AARP https://www.aarp.org/money/budgeting-saving/info-2022/99-great-ways-to-save.htmlThe 2022 Mississippi Sales Tax Holiday takes place between 12:01 A.M. Friday, July 29, 2022 and 12:00 Midnight Saturday, July 30, 2022. We’ll have a link to the Department of Revenues guidelines on the information for this show. https://www.dor.ms.gov/sites/default/files/Sales%20Folder/2022%20Sales%20Tax%20Holiday.pdfQuestions:Treasury Funds and CDsSelling coins: a jewelry store or https://www.apmex.com/
Money Talks: Monthly Spending Plan
We’d all love to have more money to invest. Before you can find ways to get your money to grow, you have to save money. Budgeting can help you do that. If you need a little help writing out a plan to spend your money each week, this is the show for you.Instead of a "Budget" call it a "Monthly Spending Plan" if that helps you feel better.We spend a bit of the show discussing Inflation in addition to budgets (and Kevin's savings account interest rate).The 2022 Mississippi Sales Tax Holiday takes place between 12:01 A.M. Friday, July 29, 2022 and 12:00 Midnight Saturday, July 30, 2022.https://www.dor.ms.gov/sites/default/files/Sales%20Folder/2022%20Sales%20Tax%20Holiday.pdfFor a Budget Template: https://consumer.gov/managing-your-money/making-budgetSometimes it takes hearing a message a few times for it to take hold. If you need to hear more, and a little bit different information about budgets, please listen to our September 17th 2019 podcast titled Money Talks: Budgetshttp://moneytalks.mpbonline.org/episodes/money-talks-budgetsQuestions:InflationCredit vs DebtInflation