Your Cheddar hosts Kristen Scholer and Tim Stenovec explore the 4 different types of saving strategies: emergency fund, short-term, mid-term, and long-term.
The most important aspect of the short-term strategy is that the money is liquid. You want to be able to have access to the cash as soon as you need it. In terms of mid-term strategies, you might want to consider a CD, as the goal is to save for 10+ years down the line.
Plus, for the long-term saving strategy, you need to be thinking about retirement. Some experts suggest putting money into an IRA or 401(k).
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Andy Baehr, Head of Product at CoinDesk Indices, breaks down crypto’s Black Friday crash, Bitcoin dipping under $100K, and what’s driving the market rout.
Billionaire Warren Buffett warned shareholders Monday that many companies will fare better than his Berkshire Hathaway in the decades ahead as Father Time catches up
