Based on past years, it is expected that adults will spend over $800 this year on Christmas gifts. Over the last decade, people have been spending over $700 and now more recently over $800, and the amount spent is expected to increase in the future due to the improved economy and the “growth” of the holiday. Rather than spend over $800 on toys, clothes, etc., why not take a percentage of that and invest it for either your own or a child’s future? That would be a great Christmas gift.
As we wrap up 2016, there are still almost 20% of American households that are considered to be “underbanked”. This means that they often combine basic products (such as a savings account) with alternative forms of financing. While 20% still seems like a high number to us, this is actually a very slight improvement per the latest Federal Deposit Insurance Corporation (FDIC) data.
Our society is fast-paced with a high demand for instant gratification with lots and lots of distractions along the way. Food is definitely a part of that equation. It is easier to roll through a drive through or drive to a restaurant after a long day verses facing the daunting task of preparing and eating meals at home for you and your family. The problem is eating out all the time takes away from your health, quality time with your loved ones and is super expensive especially when you add it all up over the course of a year.
Why do the poor gamble much more than others? Multiple studies show, including from Florida Family Policy Council as well as University at Buffalo Research Institute on Addictions (RIA), that very low income households have an almost 100% higher rate of gambling than the general population. They tend to use the lotto much more, go to casinos a little more frequently, and wager money in other ways. The rate of addiction to gambling is also much higher.
With the summer months upon us, air conditioning usage and energy bills increase for most households. Here are a few ideas for saving money. The tips we have can help make your home more energy efficient during the hot weather months as well as lead to a longer life for an air conditioning unit.
*Keep your kitchen area cool. If possible, use the microwave or a toaster oven verses cranking up an oven as these appliances use considerably less energy to heat up food. After all, using an oven gives off radiant heat, and you then just need to run the AC unit even longer to offset that. Consider using a slow cooker or eating a meal that does not require any heat to prepare.