What do you get for the person in your life who has everything? Try stuffing their bank account instead of their stocking. Anand Talwar, Deposits and Consumer Strategy Executive at Ally, joins Your Cheddar to talk about gifting financial security to a spouse or child for the holidays.
It may not be sexy, but giving your spouse a living will or naming them as a beneficiary could be one of the most important things you do all year. Talwar says only 44% of Americans have a living will, which he wants to see increase next year. Talwar also suggests giving the gift of financial security to your kids. Giving them an actual piggy bank and teaching them about saving and budgeting is more of an asset than an action figure.
Plus, what to get the millennials on your list. They're obsessed with the experiential economy, so Talwar suggests looking into gifting them your airline miles. It's technically free, (if you won't use them) and allows young adults to follow their travel passions.
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
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It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
