Your brain on money, stocks for kids (especially girls), money lessons from Mrs. Maisel, holiday tipping and more .....
| | | Invest In -- and With -- Your Daughters: This Kick-A** Gift Will Truly Change Her Life Still shopping for the perfect gift for a child? What about a little something from Disney, Nike, Tesla, Apple, Chipotle or Virgin Galactic? And by "a little something," we mean a share (or partial share) of a publicly traded company’s stock that a child can call their very own. (Don’t worry about the logistics: Here are "5 Ways to Buy Stocks for Kids.")
A gift of stock — a share of a business that makes a child’s favorite toys, movies, breakfast cereal or shoes — is a way to expose them to the concept of investing while they are young. And girls need the exposure most of all.
Consider this: We talk to girls about saving and budgeting and boys about investing. As a result, boys invest and girls don’t. A Schwab financial literacy survey of 16-to-25-year-olds found that twice as many young men as young women had an investment account, and males were twice as likely to choose to invest their spare cash. (Irony alert: When we do invest, women are better at it than men.)
This year, give the young women in your life the gift of Girl Power. A gift of stock can help close this gender investing gap. Give the gift of hands-on experience. No matter how the stock performs, your gift is an investment in her future. Let’s do this, ladies: Make a young girl a bona fide shareholder and give her a gift that will pay a lifetime of priceless dividends.
Plus: Why Everyone Makes Mistakes With Money (and How to Get Better!) There’s a reason we make the money decisions we make — and even allow ourselves to exercise poor judgment when we know better: That’s just how our brains are wired. While we can’t change human nature, thankfully we can change how it affects our financial health.
Tune in this week for a mind-altering HerMoney podcast* where Jean Chatzky and Jeff Kreisler, author, comedian and editor-in-chief of People Science, share some new behavioral science tricks — brain hacks, if you will — that will help you conquer your biggest personal finance embarrassments.
In the HerMoney Mailbag segment Jean tackles questions about high-yield savings accounts, first-time investing jitters and starting a career at age 45 after having worked as a stay-at-home mom for the last two decades. Things heat up in Thrive where Jean dishes some real talk on the latest digital dating platform, "Facebook Dating," and whether you should pour your heart out on the world’s largest social network.
The Best Financial Lessons We’ve Learned From Watching 'The Marvelous Mrs. Maisel' Mrs. Maisel, marvelously, is back on our screens — small and large. We can't wait to see what gems Midge, her parents Abe and Rose Weissman, Susie Myerson and others will dish out in season three. The HerMoney team got to chatting about some of our favorites, and before we knew it, we had a whole list. Some of them you can probably guess — the best child care is free child care, and live with your parents for as long as you can in order to save money, especially in an expensive city like NYC, but some of the others might surprise you. Check out the rest of our marvelous list, and let us know what you think! Answer These 4 Questions Before You Apply for a Personal Loan When you need an influx of cash, the timing isn’t always right: The water heater implodes right after you’ve drained your emergency fund to pay for car repairs. The new job you’re offered requires a costly cross-country move that you won’t be able to afford until you get your first paycheck. You need to pay for a home renovation but don’t have the upfront cash.
If getting a personal loan is your only option, pause your application until you’ve answered these four important questions.
Holiday Tipping Guide For All The People In Your Life You Need To Thank Figuring out who to tip and how much to give is its own stressful holiday tradition. From hairdressers to housekeepers, child care providers to mail carriers … there’s an endless parade of people to thank.
Don’t stress: We asked etiquette pros to help us figure out who to tip, how much to give and creative ways to present year-end gratuities. There truly is an art to tipping: And here it is.
*Editor's note: We heard from several people in our community that this email ended up in their spam folders this morning, so we resent it. We apologize if you received it twice. XO
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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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