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- 🌮 Finance News: March 15, 2024
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Happy Friday!🖐🏽
TGIF! Let's celebrate the end of the workweek with the same enthusiasm we used to approach nap time in kindergarten. Now, prepare to spend the next two days convincing yourself you're well-rested enough to tackle Monday.
This edition is fueled by Beehiiv, the email platform that turns creators into email superheroes. Just like I am! Since signing up to Beehiiv, my newsletter has been game changer. If you're ready to take your email game to the next level, check out Beehiiv!
🗞️ Hot off the Press
These 5 things happened while you were busy…
🌮 Struggling with Inflation? Dollar Stores Offer Lifeline as Prices Soar
Discount stores like Dollar General and Dollar Tree might benefit from inflation as consumers prioritize buying essentials over non-essential goods. Dollar General plans to expand while Dollar Tree plans closures. Experts discuss if these stores can truly capitalize on the situation. Read more here.
🌮 Time is Ticking: 3 Crucial Tax Tips One Month Before the Deadline
The filing deadline for individual tax returns is April 15th, 2024. However, if you owe taxes, you can file for an extension until October 15th, 2024. In addition, the standard deduction for 2023 has increased to $13,850 for single filers and $27,700 for married couples filing jointly. And nevertheless, tax brackets for 2023 have also been adjusted for inflation. Read more here.
🌮 Debt Crisis: Crushing American Households in a New Era
After high inflation, US families now face rising debt burdens due to interest rate hikes. Credit card and car loan delinquencies are at a 10-year high, with interest payments reaching record levels. It creates a tough situation for many families who haven't secured low mortgage rates. Read more here.
🌮 Understanding the Fed's Move: What it Means for Your Moneyk
U.S. banking regulators were expected to relax capital requirements for large banks ($100 billion+ assets) through the "Basel III endgame proposal." This surprised many as credit quality weakens, typically requiring stricter capital buffers. Read more here.
🌮 Retire Early Overseas: 5 Money Must-Knows Before You Go
Many Americans are choosing to retire abroad, lured by a potentially better standard of living, a slower pace, or a different climate. This trend is reflected in the rising number of Social Security recipients residing outside the U.S. However, this dream requires careful planning. Read more here.
👀 Level Up
Read: Expanding your horizons could be your ticket to growing serious wealth. Here are three ways to level up your investing.
Watch: While achieving millions through stock market investments is a common claim, Mark Tilbury offers his firsthand experience of navigating this path to success.
Take Action: Stop with the excuses, procrastination, and delays. Here are 43 different ways to improve your life right now.
Debt Stories: A mom shares her journey of overcoming $30k+ in debt while living on a low income.
🌶️ Extra Spicy
Being unemployed can be stressful, but it's also an opportunity to be proactive. Here are some steps people can take during this time:
1. Regularly search for job openings on job boards, company websites, and professional networks like LinkedIn.
2. Enhance your existing skillset or learn new ones in-demand in the job market, and add that on your resume.
3. Talk to friends, family, or career counselors for guidance and emotional support.
Remember, it's crucial to stay focused and motivated during a job search. By actively seeking opportunities, developing your skills, and maintaining a positive attitude, individuals can increase their chances of landing a new job.
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