Money Talks

Today, we’ll have the first of two broadcasts on giving. Next week we’ll discuss giving in ways that aren’t outright cash. As today is Giving Tuesday, we’ll discuss ways to give and how to select who to give your money two. We are also happy to take general personal finance questions.Our Mississippi Secretary of State’s office has a Charities list. Just go to their website: and click on Charities to search for a charity, file a complaint, start a charity, or read tips on donating. https://sos.ms.gov/If you want to get a little information about a charity you are considering in donating to Charity Navigator dot org provides free access to data, tools, and resources to guide philanthropic decision-making. https://www.charitynavigator.org/To find out if an organization in the US is registered as an official charity, you can go to where they register – https://www.irs.gov/  Across the top of the website in their main blue banner is a link to information about charities and nonprofits.Charity episodes:11/03/2021 Charitable Giving12/01/2020 Community Foundations12/03/2019 Giving Tuesday11/27/2018 Giving Tuesdayhttp://moneytalks.mpbonline.org/episodes/money-talks-529-savings-plans

Will you be buying gifts during the next few days or weeks? Money Talks wants to help you be a more informed shopper by sharing some marketing and psychology tips that are used to get consumers to buy more.False Sense of UrgencyThe Decoy AffectBuying in BundlesThe Instant MarkdownBuy One Get OneNostalgiaInstallmentsNo clocks or windowsShop layoutsEye-level shelvesUnorganized clearance sectionsLoss leaderParasite placementSince fast-food restaurants want customers to come in, eat quickly, and leave. Fancy restaurants encourage customers to stay longer and keep ordering more courses and drinks.BracketingSpecials with no priceLoyalty or frequent buying programsOne reason retailers started having holiday sales in October may be because Holidays are when people are the happiest. When people are in a good mood, they are also more willing to spend more money.The reason companies want to trade your email address for a small discount is simple: they will be able to easily reach you with tempting emails and ads about their awesome products to make you buy from them again and again. So maybe have an email account just for online shopping or have willpower. You could also unsubscribe from their emails after you get your discount.Back in the 1930s, retail stores started putting shopping carts near their entrances to inspire customers to make larger purchases. The idea behind it was simple: customers won’t buy heavy, expensive items if they can’t carry them around the store and to their cars.https://blog.cheapism.com/consumer-behavior/#slide=22https://www.visualcapitalist.com/29-psychological-tricks-to-make-you-buy-more/https://sharingsmiles.co/movies/fb/1176317208/12-marketing-tricks-that-companies-use-to-make-us-buy-more/?pg=3

We have new information about inflation in America today. On Thursday the Bureau of Labor and Statistics released the Consumer Price Index for October. That number is how we measure inflation in our country. We’ll get our financial experts to give their opinion on what the new rate means for the future of prices.