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الثلاثاء، 18 يوليو 2017

People Wasted Hours on Krispy Kreme Deal That Was Actually a Terrible Deal

I’d like to say that I’m surprised, but really, I’m not so sure that I am.

Did you hear about that Krispy Kreme deal last week? You know, the one when the donut chain celebrated its 80th birthday by offering a dozen donuts for only 80 cents — if you bought a dozen at regular price first.

Well, apparently everyone and their mother heard about it. The donut deal caused traffic jams, three-hour lines and made people late for work.

All that for a bunch of donuts?

Are You People Serious? This Deal Sucked

Let me start by asking a simple question. Who in their right mind would wait in a line for HOURS — just for donuts?
The people of America. That’s who.

According to Newsweek, the donut frenzy hit Charleston, South Carolina hard. Police had to redirect traffic. People were late to work. Folks waited for three hours to get their 80-cent dozen donuts.

I’m all for donuts, but let me chime in with my two cents here: Was this deal really that great?

It was no traffic-stopper to me (even though it literally did stop traffic).

The flaw with this deal was that you had to buy a dozen at the regular price to get the discounted dozen.

Here at The Penny Hoarder, we didn’t bother writing about it.

Would you have bought that initial dozen if the next one wasn’t discounted? Probably not.

But Krispy Kreme duped you. It convinced you to overindulge in glazed donut goodness. As a result, a lot more people bought regular-price donuts last Friday.

*sigh*
Kelly Smith is a junior writer and engagement specialist at The Penny Hoarder. Catch her on Twitter at @keywordkelly.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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The Robots Are Coming — But That Doesn’t Mean You’ll Be Out of a Job

For a while now, our (soon to be) Robot Overlords have been making us nervous.

Every day, articles pop up warning us that eventually all of our jobs will be done by a robot army as we stand by helplessly, watching our mechanized comrades perform surgeries and build houses and drive around without our help.

And so we panic — because if a wavering confidence in job security due to competition with other intelligent humans wasn’t enough, we now have to fight off these droids that grow smarter and more powerful with every interaction.

I mean, it’s enough to make you seriously consider homesteading a cave in a remote unreachable-by-robots jungle somewhere, right? (No? Just me?)

But don’t call that realtor who specializes in cave dwellings just yet (especially if your realtor is a robot), because we’ve finally heard some good news.

Apparently, 85% of the jobs humans will be doing in the year 2030 haven’t even been invented yet.

Plus, they’ll be pretty robot-proof.

The Future of Jobs

That’s right. According to a new report from Dell and the Institute for the Future (IFTF), quickly emerging technologies will create an almost entirely new job market over the next 13 years or so.

Because of this, the study says, the nature of work will change entirely. People will be learning in the moment and will have to train and retrain constantly as new industries are created and “new skills will be required to survive.” (Survive?! I thought these robots were going to be friendly?)

In fact, the ability to gain new knowledge will soon be more valuable than knowledge itself.

The jobs humans will be doing will look different as well. According to the report, work will no longer be a “place” or a set schedule.

Instead, work will be a series of tasks which will come to you — companies will be able to search a global database of skills and competencies and then send individual tasks to the most qualified worker. (It almost sounds like an inflation of the current gig economy, right?)

The jobs that are created will evolve out of human-machine partnerships and will feature humans as “digital conductors,” while robots will act as extensions of people. Technology will simply help “to better direct and manage daily activities.”

The ideal situation, as the report outlines, would be for machines to provide “speed, automation and efficiencies” so that humans can focus on the things that humans are good at (or at least better than robots are at for now), like creativity, passion and entrepreneurial skills.

Rather than taking over and “stealing” our jobs — as the majority of the anxiety-inducing robot rhetoric suggests these days — robots will take our boring jobs, allowing people more time to focus on the things that make us truly human, like art and emotion (and naming paint colors — robots really suck at naming paint colors).

Shhh, Just Let it Happen

But while this whole robot-driven future may still sound a little terrifying, the report stresses it shouldn’t.

Rachel Maguire, research director at IFTF, emphasizes the need to “focus on what the new relationship between technology and people could look like and how we can prepare accordingly. If we engage in the hard work of empowering human-machine partnerships to succeed, their impact on society will enrich us all.”

So while this report sort of reads like a PR spin written up by the robots themselves, it also seems like a future full of robots is imminent — and it might be wise for humans to lean into it.

And let’s be real: in 20 years, you’ll step out of your self-driving car after a fulfilling day expressing your humanity via very human means, use your eyeballs to gain entry to your smart home, hand your bag off to your robot butler, and settle in for a delicious dinner made by your personal robot chef while your robot cat cleans its own litter box — and this panic will all be forgotten.

Grace Schweizer is a junior writer at The Penny Hoarder. The robots are here. Send help to– BLEEP BLEEP BLOOP, nothing to see here…

 

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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This Couple’s Viral Post Shows Date Night Doesn’t Have to Cost a Ton

It’s date night. A couple is getting ready for a dinner out at Longhorn Steakhouse. Deciding each partner needs a special outfit for the evening, they go shopping for clothes.

So they pull up to Goodwill. To pick out the tackiest ensembles they could find. For $10.

That’s how Noel and Shane Pauley spent their Friday night, according to Noel’s Facebook post, which went viral with over 300,000 reactions, 401,000 shares and 179,000 comments (and growing!) in less than four days.

Noel shared on her blog, Baby Bows and Bullets, that her husband came up with the idea for their date night after hearing about another couple who’d done the same.

They established some rules: they each only had $10 to shop, they had to wear whatever their partner picked out for them and they couldn’t discuss their zany plan after leaving Goodwill.

That led onlookers wondering if they just dressed like that all the time.

For his wife, Shane picked out what appears to be a floral two-piece dress with shoulder pads that belonged to someone several generations older than her, while Noel dressed her husband in a mismatched plaid getup.

Cue the giggles.

Laughter at a Low Cost

The two spent a collective $13 on the date night gear, significantly less than the allotted $20, according to Noel’s blog post.

To add to the fun, the couple picked fake names and had to commit to using their aliases all night. Noel became Ethel, and Shane became Roger.

“Y’all, I don’t think we have laughed this hard in a long time,” Noel wrote in her blog. “Marriage is tough, parenting is tough, and honestly, life is tough. But everything is better when you’re doing it with your best friend.”  

To all the regular Goodwill shoppers who think the Pauleys were throwing shade at the secondhand shopping chain, that isn’t the case.

“A few think we are making fun of people who shop at Goodwill, but we definitely are not,” Noel told Scary Mommy. “We shop there for clothes too! This was just to find crazy outfits that we wouldn’t normally wear!”

Get In On the Fun

Noel challenged other couples to try the date night idea and post photos of their adventures to social media using the hashtag #goodwilldatenight.

While the Pauleys’ low-cost date seems like a hilarious time, there are so many other affordable options out there if getting laughed at all night isn’t your idea of fun.

Go geocaching or try another one of these 25 budget-friendly date ideas.

Exploring a new neighborhood with your significant other is on this list of 11 cheap date night ideas for parents.

For a daytime date, consider going to an arts festival — which is on this list of 10 ideas for a fun, free outing.

Dating doesn’t have to cost an arm and a leg. You can enjoy a memorable moment with your sweetheart on any budget.

Nicole Dow is a staff writer at The Penny Hoarder.

 

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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What to Do if You’re a Bride-to-Be Who Got Screwed Over by Alfred Angelo

Last week, bridal retailer Alfred Angelo filed bankruptcy and abruptly closed its corporate office and stores. Stores took orders for wedding gowns and bridesmaid dresses as recently as Wednesday, July 12, so this move shocked brides nationwide.

Because the Alfred Angelo is in bankruptcy, it’s unclear whether it will fulfill its current orders or return deposits. Many people tried to contact the retailer about the status of their orders — but they couldn’t reach anyone.

If you ordered a gown from Alfred Angelo, don’t panic. There are things you can do to recoup your deposit and still have a beautiful wedding dress.

How to Get Your Money Back From Alfred Angelo

If you don’t want to wait and see how the situation plays out, you can stop your payment and buy a dress elsewhere.

1. Dispute the Charges

If you purchased your dress with a credit card, you might be able to dispute the charges and get a credit on your account. Most credit card companies offer certain protections on purchases, even if the company goes bankrupt.

To dispute the charge, gather any evidence you have regarding the purchase, like a receipt, and contact your credit card company as soon as possible. Oftentimes, the credit card company will refund the transaction in just a few days.

2. Cancel Your Check

Similarly, if you paid with a check, you can cancel it. There is often a fee, which can be as high as $25, but that’s a small price to pay to get a $1,000 wedding dress deposit back.

Contact your bank and tell the representative you want to stop payment on a check. The rep will ask for a few bits of information, including the bank account number, check total, check number and the date you wrote the check.

3. File a Claim

If you were not able to get a dispute the charge or stop payment on the check, you can file a claim with your state’s attorney general. When you file, you’ll be asked to enter the following:

  • Your name
  • Your contact information, including address, phone number and email
  • What store you bought your dress from
  • Payment method
  • When the dress was supposed to arrive
  • Amount paid
  • Details of what you ordered and a copy of your receipt

Where to Find Your Dream Gown at the Last Minute

Of course, getting your money back is only part of the problem. Picking a wedding dress is a tedious process, and the thousands of brides who thought they finally found the perfect dress may have to start over.

Whether you’re stranded by Alfred Angelo or have another dress crisis, here are ways you can find your dream gown.

1. Check Resale Sites and Consignment Shops

Alfred Angelo was one of the biggest bridal retailers out there. Thankfully, that means many of its dresses end up on resale sites or in consignment shops.

You should be able to find your gown’s style number on the receipt. Once you have the style number, search for it on sites like eBay, Tradesy and Poshmark.

For example, if you search for “Alfred Angelo Jasmine 215” on eBay, you’ll find several of this style of gown listed for sale.

You can also check local bridal consignment shops. The Knot has a searchable database of these shops.  

2. Take Photos to a Dressmaker

If you cannot find your gown but are determined to have that style, another option is to take photos to a dressmaker and have it replicated for you. This process can be time-consuming and expensive, but if you aren’t willing to compromise on the dress, this could be a good route to take.

3. Start Shopping (Again)

Other bridal retailers have offered steep discounts for brides and bridesmaids stranded by Alfred Angelo.

Right now, David’s Bridal is offering 30% off wedding dresses and 20% off bridesmaid gowns for anyone who purchased a dress from Alfred Angelo and hasn’t received it. To get this discount, you’ll have to present your Alfred Angelo receipt or a receipt from another bridal shop showing you ordered an Alfred Angelo gown.

If you have your Alfred Angelo gown but still need alterations, David’s Bridal will also offer its services to you and waive any rush fees.

By taking action now, you can ensure you have a beautiful wedding day — even without Alfred Angelo’s help.

Kat Tretina is a freelance writer located in Orlando, Florida, specializing in personal finance.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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These Are the Walmarts That Have Killed Ad Match, According to Readers

When we wrote about Walmart stores nixing price matching in many locations, we hit a pretty big roadblock: The company wouldn’t tell us which ones were affected.

Enter our super-awesome, wicked-smart and very good-looking Penny Hoarder readers.

We asked readers to tell us what stores had ended price match. We received more than 200 responses. Then we started compiling a map of all the Walmart stores that have reportedly forsaken the ad-matching policy.

Charles Crowson, senior manager for corporate communications at Walmart, would not confirm whether the stores on our reader-inspired list had, in fact, ended ad matching.

So far, readers have told us about 18 Walmart locations in Florida that have ended the policy, more than any other state in the U.S. New York, Georgia, Illinois and California are right behind it. We haven’t heard from anyone from Alaska or Hawaii yet.

Here’s our list:

Arizona

  • Surprise

California

  • Carson
  • Ceres
  • Corona
  • Eureka
  • Fontana
  • Long Beach
  • Modesto
  • Oceanside
  • Poway
  • Rohnert Park
  • Turlock

Colorado

  • Delta
  • Denver
  • Fountain

Delaware

  • Milford

Florida

  • Auburndale
  • Clearwater
  • Dunedin
  • Homestead
  • Jacksonville
  • Lake City
  • Lecanto
  • North Port
  • Ocala
  • Orlando
  • Pace
  • Palm Harbor
  • Pembroke Pines
  • Plant City
  • Port St. Lucie
  • St. Petersburg
  • Sunrise
  • West Palm Beach

Georgia

  • Blairsville
  • Cairo
  • Carrollton
  • Eastanollee
  • Ft. Oglethorpe
  • Hartwell
  • Macon
  • Martinez
  • Toccoa
  • Waynesboro
  • Winder

Indiana

  • Greenwood
  • La Porte
  • Plymouth

Idaho

  • Boise
  • Caldwell
  • Nampa

Illinois

  • Bloomingdale
  • Champaign
  • Chicago heights
  • Forest Park
  • Glen Ellyn
  • Hodgekins
  • Lake Zurich
  • Lockport
  • Naperville
  • Ottowa
  • Sterling

Kansas

  • Arkansas City
  • Wichita

Kentucky

  • Elizabethtown
  • Lexington
  • Radcliff
  • Stanford

Louisiana

  • Hammond
  • Kenner
  • Metairie
  • West Monroe

Maryland

  • Clinton
  • Hanover
  • Towson

Massachusetts

  • Brockton

Michigan

  • Houghton
  • Marquette
  • Muskegon

Minnesota

  • Blaine
  • Blue Earth
  • Cambridge
  • Eden Prairie
  • Forest Lake
  • Fridley
  • Pine City
  • Shakopee

Mississippi

  • Booneville
  • Madison
  • Ocean Springs
  • Petal

Missouri

  • Florissant

Montana

  • Butte

Nevada

  • Reno

New Jersey

  • Neptune Township
  • Turnersville

New York

  • Centereach
  • Farmingdale
  • Johnson City
  • Kingston
  • Macedon
  • Napanoch
  • Newark
  • North Tonawanda
  • Oneonta
  • Potsdam
  • Riverhead
  • Rochester
  • Schenectady
  • Vestal
  • Vestal
  • Wilton

North Carolina

  • Greenville
  • Kitty Hawk
  • Mebane
  • Mocksville
  • Murphy
  • Raleigh
  • Rocky Mount
  • Statesville
  • Waynesville

Ohio

  • Cortland
  • Kent
  • Madison
  • Salem
  • Youngstown

Pennsylvania

  • Bethel Park
  • Hanover
  • Harborcreek
  • Harrisburg
  • Hermitage
  • Indiana
  • State College
  • Waynesburg

South Carolina

  • Anderson
  • Dillon
  • Goose Creek
  • Greenville
  • Lake Wylie
  • Rock hill
  • Simpsonville
  • Travelers Rest
  • York

South Dakota

  • Aberration
  • Mitchell
  • Sioux Falls

Tennessee

  • Columbia
  • Elizabethton
  • Morristown
  • Oneida
  • Rogersville

Texas

  • Lubbock
  • Mesquite
  • San Antonio
  • Sugar land
  • Waxahachie

Utah

  • Draper
  • Orem
  • Pleasant Grove
  • Provo
  • Sandy
  • South Jordan
  • Springville

Vermont

  • Berlin

Virginia

  • Bristol
  • Locust Grove
  • Louisa

Washington

  • College place
  • Moses Lake
  • Spokane

West Virginia

  • Moundsville

Wisconsin

  • Berlin
  • Darboy
  • Delavan
  • Milwaukee
  • New Richmond
  • Shawano
  • Sturgeon Bay

We know there are hundreds of other Walmarts that have killed price matching, and we want to keep our readers updated. So let us know if your local store’s policy has changed via our super-quick Google form — it’s anonymous! You can also email us at feedback@thepennyhoarder.com or chat about it in our Facebook comments.

Alex Mahadevan is a data journalist at The Penny Hoarder.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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Want to Earn a Little Extra Dough? Pizza Hut Is Hiring 14,000 Drivers

Do you love pizza and drive like a pro? Pizza Hut has just the gig for you.

Today, Pizza Hut announced plans to hire 3,000 delivery drivers per month through the end of 2017 to prevent being “OutPizza’d,” according to a statement from Pizza Hut President Artie Starrs.

That would mean about 14,000 new part- or full-time driving positions — and some extra dough for you, if pizza is your passion.

Why is Pizza Hut Hiring So Many New Delivery Drivers?

The move comes about seven months after the company made the push to hire 11,000 employees to improve customers’ experiences. The latest hiring binge is for the same reason, according to this press release.

“We have been in the service business for almost 60 years, and our commitment to providing the best, most reliable delivery service and overall experience is as strong now as it ever has been,” Starrs said. “It has to be, because the customer expects that from us.”

In the same announcement, Pizza Hut also unveiled new technology that would better help forecast actual delivery times, taking weather, traffic and other factors into account. The Delivery Network Algorithm, nicknamed DNA, is currently in use at 6,300 of the company’s locations.

How to Snag One of These Pizza Hut Jobs

“Our drivers are vitally important to our business, and we want to be the employer of choice for anyone looking to drive,” Starrs said.

So how can you snag one of these jobs? Check out Pizza Hut’s hiring page to see if jobs have opened up in your city.

Right now, Texas leads U.S. states with more than 500 open positions, while Florida and California both have at least 300 delivery-driver jobs posted.

According to one of the postings from a Tampa location down the road from The Penny Hoarder offices, Pizza Hut is looking for drivers with a reliable vehicle, insurance and a clean driving record, along with a “friendly demeanor.” Basic math skills are a plus.

“Our plan is to keep drivers busy, efficient, and on the road in an effort to best serve our customers,” Starrs said. “We are only scratching the surface in the territory of services and flexibility that we can offer to those looking to drive.”

If this job isn’t your speed, check out other opportunities on The Penny Hoarder Jobs page on Facebook.

Alex Mahadevan is a data journalist at The Penny Hoarder. He’s a terrible driver, but an expert at consuming pizza.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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Here’s Why Visa Wants to Pay Small Restaurants $10K to Reject Your Cash

What would you do if you couldn’t pay cash for your lunch?

It may seem like a no-brainer at first. With chip cards and smartphone payment options — like Apple Pay, Android Wallet and Samsung Pay — being highly accessible, the days of scrounging for change in the bottom of your purse may seem like an eternity ago.

Is cash really obsolete, though?

Visa seems to think so, and it’s ramping up a challenge to entice food establishments to drop cash altogether.

On July 12, Visa announced a challenge for 50 small restaurants, cafes and food truck businesses in the U.S. to go completely cashless. The incentive? A pretty $10,000 each to get them started.

The Visa Challenge: Good Idea or Hassle?

According to Visa’s announcement, a cashless business has multiple advantages. The company’s yet-to-be-released study of 100 cities calculated that if businesses transitioned from cash to digital in New York City alone, they could generate an additional $6.8 billion in revenue and save more than 186 million hours in labor.

Visa also claims that eliminating cash could mean “convenience, security and ease of use.”

But critics of Visa’s cashless society say it brings a multitude of problems to the table, such as increased menu prices and decreased revenue for small businesses.

Slate’s Henry Grabar writes that the U.S. has some of the world’s highest interchange fees, which are the fees the merchant pays to the cardholder’s bank. Small businesses earn lower profits from these fees, and customers see higher prices as a result, Grabar writes.

Here’s Who Pays Big in a Cashless Society

Along with small businesses that have to keep up with the interchange fees, customers who don’t have bank cards also lose out.

Last year, fast-casual salad chain SweetGreen announced it was going cashless in 2017. It cited increased efficiency, safety and hygiene as driving factors to eliminating cash transactions.

After the announcement, The New York Times reported how dropping cash increases obstacles to those who have no alternative. The article cited a 2015 Federal Reserve study’s finding that cash transactions still accounted for 26% of purchases in the U.S.

SweetGreen’s new cashless policy puts an unfair strain on “poor people, senior citizens, immigrants and historically marginalized folks,” according to Medium writer Dorian Paul. “Marginalized black and brown communities have distrust in financial institutions and have significantly less access to credit cards, debit cards, and smart devices,” which means SweetGreen’s shift away from cash put them at a disadvantage.

A 2015 FDIC study found that 31.1% of the black community is underbanked, meaning they depend on bank alternatives, such as check cashers or prepaid cards, to conduct transactions.

The Risks Associated With Going Cashless

Let’s not forget about the vulnerability that comes with digital transactions. Fast-food chain Chipotle Mexican Grill is still recovering from a data breach that affected transactions between March 24, 2017 and April 18, 2017.

With technology comes the risk of hackers stealing valuable consumer information and committing fraud.

For now, Visa insists cash is no longer king. Will its $10,000 incentive be enough to push 50 companies to make the switch? We’ll see.

Kelly Smith is a junior writer and engagement specialist at The Penny Hoarder. Catch her on Twitter at @keywordkelly.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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AAA Is Hiring Full-Time Work-From-Home Help Desk Agents (Includes Benefits)

We generally think of AAA as the company to call when you’ve locked yourself out of your car or are stranded on the road with a flat tire.

They actually offer customers a whole bunch of services that aren’t just about getting you and your car out of a jam.

AAA offers insurance programs, banking services and even has its own travel agency.

If you’ve got some travel experience under your belt and can travel to Hamilton, New Jersey, for about six weeks of paid training, check out this full-time work-from-home Travel Help Desk Agent job with AAA.

Apply for This Work-From-Home Job With AAA Club Alliance

The job listing says pay is “competitive based on experience.” We’ve reached out to the company for more details, and we’ll update if we hear back from them.

Your job responsibilities will include:

  • Accurately answering and processing customer phone calls and emails
  • Complete customer travel reservations using appropriate software
  • Resolve booking or reservation issues
  • Assist customers with navigating the Travel website
  • Participate in user testing of new systems and procedures
  • Assist with training of Level 1 agents

Applicants for this position must have:

  • Creative problem-solving skills
  • High school diploma or equivalent
  • Two to four years of travel experience
  • Two to four years of customer experience
  • Knowledge of PC-based computer systems, GDS systems and the internet

If you’re hired for this job, you’ll be eligible for the following benefits:

  • Set schedule with one Saturday or Sunday included
  • Three weeks of paid time off in the first year
  • 401(k) with company matching
  • Medical, dental, prescription and vision coverage  
  • Tuition reimbursement
  • Life insurance
  • Flexible Spending Account

Apply here for the Travel Help Desk Agent job at AAA Club Alliance.

Lisa McGreevy is a staff writer at The Penny Hoarder. She loves to travel and loves working from home so this sounds like a pretty rad job to her.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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What Americans are Doing Wrong With Their $2 Trillion in Checking Accounts

Where do you keep your money?

You’ve got options — from a shoebox under your bed to some fancy stocks.

But chances are, it’s probably in a checking account.

At least that’s what a recent USA Today analysis found. The headline reads, “Americans are hoarding money in checking accounts.”

It’s great that Americans have money to hoard.

In fact, Mike Moebs, CEO of Moebs Services, told USA Today that the average U.S. checking account deposit is $3,600 — up significantly from the 2007 average of $1,000.

In total, checking accounts hold about $2 trillion, the report says.

But is hoarding your money in a checking account really a smart money move?

It depends. Are is your checking account earning your interest?

Because if Americans stash their money in a high-yield checking account, they could collectively be earning a whopping $20 BILLION in interest a year.

A Few Reasons Americans Love Checking Accounts

Up until this past year, I kept all my money in a generic checking account.

Apparently I wasn’t alone.

According to USA Today, many of us opt for checking accounts because we love liquidity — the ability to easily grab cash. We’re also less apt to invest these days.

Plus, interest rates for savings accounts kind of suck.

These were all my reasons for opting for a checking account, plus it proved to be easy on so many levels:

  • I kept tabs on all my assets by simply checking one app.
  • It’s safe; my money isn’t going to disappear at anytime.
  • I didn’t have to remember to pay anything off.
  • The account was free.
  • It required no minimum balance.

The only thing I was missing was some interest. I had money sitting around doing nothing for me and after I wrote “make your money work for you” one too many times, I wanted to change that.

…So I Found a Checking Account With Interest

Until I started working at The Penny Hoarder, I had no idea checking accounts could rake in interest.

I assumed that was only possible with a savings account, which proved to be a hassle and a half for me in the past.

My co-worker Dana Sitar genuinely gushed about her checking account, which I’d never even heard of: Aspiration’s Summit Checking Account.

I liked the name.

As I dug into it a little more, I realized I could earn 1% interest, which might not seem like a lot, but at that time I was earning a fat goose egg of zero interest.

So this would be 100% more.

(Additionally, other checking accounts weren’t offering much, either; the national average hovers around 0.04%, according to the most recent FDIC report. Savings accounts only offer 0.06% in interest, according to the same report.)

It was all free, too, unless I wanted to add a monthly tip, but I didn’t feel pressured to do so. Plus, there was no need to keep a minimum balance.

Additionally, it was all online, which made everything convenient. If I needed cash, I could stop by nearly any ATM and be reimbursed if there were any fees.

Signing up for the card proved to be low-hassle, too. I added my name to waitlist and heard back without about three days. Then I got my card in the mail.

Perhaps the best part of all of this is when I check my bank account now, I don’t have to dread only seeing my list of monthly expenses.

Now, I get a little excited when I see how much interest I’ve earned!

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. Do you bank with Aspiration? She’d love to hear about your experience!



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Fight for your rights: Why is a new share certificate so expensive?

SIMON READ is a money writer and broadcaster. He was the last personal finance editor at The Independent and is an expert on BBC1’s Right On The Money.

My mother has held shares in Sportech, the sports entertainment company, for around 15 years, held on a traditional share certificate. The value of these shares is around £300. She has decided to start investing a little bit again so I’ve set her up an online account and we hoped to transfer her old shares into it.

We sent off the share certificate and Crest form to transfer the funds only to be told that the certificate is invalid because at some point online shareholder service Capita had re-issued the share certificate for a different value per share and adjusted the quantity of shares.

But my mother never received this new certificate and to get a copy issued, it wants to charge her £89 for the pleasure. It makes it almost pointless transferring the shares when a third of the value is wiped out by the charge. Surely when it issued the new share certificate, Capita had a responsibility to ensure that the new certificate had been received?

GH/Banbury, Oxfordshire

I can see why you got upset at such a high fee, which seems enormous for what looks like a fairly inexpensive bit of administration. But it’s not simply a process of issuing another certificate. There is a risk attached which requires an indemnity.

If a share registrar reissues a certificate, then there is a risk of two certificates being in existence. That in turn could lead to the duplicate certificate being used for crime, such as attempted fraudulent transfer of the shares or the certificate being used as security for a loan.

So an indemnity is needed from the shareholder to protect the company issuing a duplicate certificate. It’s effectively an insurance payment to cover the risk of fraud and explains why the reissue charge is so high.

But the good news is that after we intervened, Capita decided to scrap the charge paid. A Capita shareholder services spokesperson said: “On this occasion, having consulted with the company, and as a gesture of goodwill, Capita will provide a full refund of all fees paid and the client has agreed to provide a waiver for the cover.”

GH was very happy as was his mother. He says: “My mother is delighted with the outcome and has asked me to express her sincere thanks to you.”

OUTCOME: Capita waives £89 fee for a new certificate

Simon Read is a money writer and broadcaster. He was the last personal finance editor at The Independent and is an expert on BBC1’s Right On The Money.

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Jamie Dimon Rips Washington for Hobbling US Economy

Jamie Dimon, the CEO of JP Morgan Chase, the nation's largest bank, says Washington is a big part of the problem with America's economy.

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This is Why a High Credit Score Might Not Make You Financially Confident

Would you consider yourself financially confident?

Could you ever consider yourself financially confident?

Those seem like tough questions to answer positively because you never know what kind of surprise bills life will slap you with.

Credit Sesame dug into this question and found some interesting factors that correlate with financial confidence.

High Credit Scores Don’t Mean Financial Confidence

But it helps.

Check your credit score. Seriously. It’s free, so you have no excuse.

Now, see where you fall into these categories.

Credit Sesame asked: How confident do you feel that you are saving enough for a stable future?

Here’s how 1,028 respondents answered:

financial confidence

These numbers seem obvious. Those with a higher credit score are more financially confident. Duh.

However, Credit Sesame found an even stronger indicator of financial confidence: savings.

Credit Scores Don’t Seem to Entirely Dictate Financial Confidence

Credit Sesame continued to breakdown this concept of financial confidence.

It asked its customers what they’re saving for and then compared that to how confident they felt about their financial future.

Here are some more numbers for you:

financial confidence

Through this breakdown, it seems as though those excellent credit scores don’t matter as much and that financial confidence largely hinges on the respondent's ability to save.

“Members who are not currently saving toward retirement, college, an emergency fund or a vacation fund have the lowest confidence of all,” Credit Sesame deducts.

“Avoiding debt, funding an emergency account, and saving toward known future financial needs are behaviors that clearly lead to financial peace and freedom.”

How to Build Financial Confidence

Although credit scores don’t necessarily seem to be the answer to financial confidence, they can help you begin taking steps in the right direction.

Your credit score is determined by factors on your credit report, so pull a free one and take a look. You’ll be able to see if any bills are in collections or if you have an unpaid credit card bill, for example.

Once you start taking steps to pay off your debt, you can begin thinking about saving money. This doesn’t have to be done in one fell swoop. You can take your time establishing a savings.

Read this month-by-month guide to saving $1,000 to get started.

Breaking down savings by category can help the process seem more digestible and less intimidating.

For retirement, first figure out the best place to stash your money. Penny Hoarder Dana Sitar analyzed some of your options — from under a mattress to high-yield savings accounts to a Roth IRA.

For college, look into 529 savings plans in your state. But first, understand what a 529 savings plan is and if it’s the right move for you.

For emergency savings, which seems to be the largest indicator of financial confidence, your first step will be to establish a separate, “do not touch” account that incurs interest, like the Aspiration Summit Checking Account. You can earn up to 1% interest, about 100 times more than the average interest rate.

Here’s your guide to starting an emergency fund — and figuring out just how much you need to save.

For vacation savings, well, we can’t say this is the most important account to fund. But if you want to mindlessly save for your next trip, try using an app like Qapital. It’ll save money based on various tasks. For example, hit 10,000 steps in a day and save $5. See how it works here.

Now… are you feeling more financially confident yet?

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. She can’t say she feels totally financially confident — but she’s working on it.



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How to Learn a New Language with Minimal Expense

One common question that readers send into the Reader Mailbag revolves around learning a particular language without a lot of expense. Most of the well-known methods of learning a language – classroom learning and Rosetta Stone, for example – are quite expensive and, for many people, only really make sense if you have an immediate and urgent need to learn a language for your career path.

What if you’re in a less urgent situation, though? Perhaps you want to learn Spanish because it will become more useful in your career path as you progress. Maybe you want to learn French because you’re planning a trip to France in a year or two. Perhaps you want to learn Tagalog to communicate with your extended family when they visit again next December. Or, maybe, you just have a strong curiosity about a language.

Whatever the reason, you have a desire to learn a language, but it’s not a need. Because of that, the expense of language learning options seems excessive.

Right now, I want to stop and mention that most language learning programs, classes, and tools do return value to people if they put genuine effort into the learning. Taking French classes at your local community college or using software like Rosetta Stone can be incredibly valuable experiences for people who are wanting to learn a language. If you put in the commitment, you will get a lot of value for your money.

However, not everyone has blocks of time available to schedule a class or the financial resources available to pay for Rosetta Stone or for a class at the local college. What do you do if language learning options are just too expensive for you?

My default recommendation in response to such questions is usually to push people toward Duolingo. Duolingo is a completely free tool for learning a number of different languages, mostly focused on European languages but gradually adding languages from other parts of the world such as Turkish and Swahili. Duolingo is completely free and, since it turns language learning into something of a game, it’s actually rather fun to use it.

However, Duolingo does have some limitations. For starters – and this is really the big issue – even if you invest the time to finish all of the lessons for a language on Duolingo, you’re not going to have mastery of the language. You’ll be at roughly the level of someone who has finished the first semester or perhaps the first year of rigorous coursework on the language. You’d be able to have a simple conversation with someone, but your vocabulary would be limited and the ability to exchange more complex ideas would be limited, too. Another problem is that Duolingo isn’t currently available for every language you might want to learn.

In short, if you’re starting from scratch and need to learn the basics and Duolingo is available for the language you want to learn, Duolingo is a stellar option.

What do you do, though, if you want to learn a language that isn’t in Duolingo or you want to keep learning a language that’s in Duolingo once you’ve completed it? In other words, what inexpensive and free resources are available for language learning beyond Duolingo?

Let’s dig in.

The first place to start beyond Duolingo is at your local library. Many local libraries offer full audio training tools for learning a specific language. These often include large CD sets that walk you through basic vocabulary and grammar along with written materials to supplement that training and teach you some elements of the written language. Depending on the size of your library, they may have such tools in many languages and may be able to request tools for other languages as well. This is probably the best resource available to you if you want to “cram” a language and don’t have the resources to buy audio courses.

Audio courses are strong at helping people master correct pronunciation of key phrases. They tend to be weaker at teaching the ins and outs of grammar of a particular language; instead, they often tend to rely on variations of known sentences which might not be grammatically perfect, especially if you’re trying to form sentences on your own. I’ve found that such audio work is best when you’re trying to master a core set of phrases for travel but don’t expect to be progressing toward natural conversation in that language.

Many libraries have courses that focus on the Pimsleur method, which is a popular method for self-learning when it comes to a foreign language. It’s essentially a clever way to maximize the usefulness of audio learning, but audio learning itself may or may not be the most successful method for you.

Another approach that your library can help with is reading well-known books in foreign languages. For example, if you’re learning Spanish, you might want to consider picking up the Harry Potter series in Spanish, something that your local library can help with. Doing this takes a familiar story and transforms it into the language you want to learn, meaning that you have a lot of context clues for figuring out what’s happening but you’re still absorbing the text of another language.

When you’ve progressed to the point of deeply understanding a particular language, reading literature and news native to that language is an incredibly powerful way to keep the language sharp and continue building vocabulary. Reading simpler books in that language is a great step in that direction, and it’s a step that the library can help with.

Memrise is a free online tool and smartphone app that can be used to learn hundreds of languages. It relies on a “flashcard” system where you essentially progress through decks of “flashcards” on your phone to build vocabulary and mastery of particular phrases.

I find that a “flashcard” system like this is incredibly good at building vocabulary, but not necessarily good at building the grammar needed to make sentences. Much like an audio course, the grammar you learn comes from repeating sentence structures and naturally absorbing how words fit into those structures. Memrise is best at building a large vocabulary and learning how they fit into a handful of sentence structures, so if you’re wanting to learn how to master simple situations where a wide vocabulary might be useful (like ordering food at a restaurant), this might be the best free tool for you.

Memrise may serve you best by being a “supplement” to other language learning programs and tools, providing a way to rapidly build vocabulary along with the stronger grammar learning strategies brought to the table by other tools.

Anki is another popular tool for language learning that has a lot in common with Memrise – they both rely on a flashcard system for learning.

So, why include them both in this listing? I like to compare the two with an analogy – Memrise is like a sharp pocketknife, whereas Anki is like a Swiss Army knife. Memrise is perhaps best at the specific task of language learning, but Anki is useful for learning almost anything that involves memorization and is far more powerful in terms of loading your own “flashcards” to study.

In truth, I have used Anki very effectively to memorize things besides languages quite well and find it to be an incredibly useful tool. In the future, because of my familiarity with Anki, I would be much more likely to turn to it than Memrise for absorbing vocabulary in a new language. Having said that, if I were starting from scratch with both pieces of software and was focused on just language learning, I would probably choose Memrise. It really depends on what you want out of the tool – do you just need a tool for one specific purpose, or do you want something that can handle a lot of things?

HelloTalktakes a different approach to language learning. It facilitates an anonymous conversation with a native speaker of the language you’re trying to learn, a native speaker who is also trying to learn your native language. Through basic conversation, you gradually teach each other your native language.

The advantage of HelloTalk is that real conversation with people is an incredibly powerful way to learn a language. The desire to communicate clearly and effectively with other real people is a powerful motivator, and having other people see what you’re struggling with and directly help is also very powerful. However, you’re sometimes limited by simplistic conversations, especially at first. What tends to happen is that you find good conversational partners at your level that grow with you over time as long as they stick with it.

This is a great supplement for your preferred language learning strategy, but it’s not a strategy on its own. You’ll need to be using a more robust tool outside of HelloTalk to get the maximum value out of HelloTalk. That being said, it is definitely one tool you should have in a larger repertoire of language learning tools if you’re trying to learn a language on your own and are approaching it seriously.

Podcasts are a wonderful free tool for learning a new language. Podcasts are simply free audio recordings that you can download at your convenience; many of them are episodic, with new episodes being released on a regular basis. There are so many different podcasts out there that use so many different techniques for learning languages that you should try several just to see what works. All are free; all you need is a podcast app on your smartphone to listen. (I recommend Overcast for iOS and BeyondPod for Android.) Here are a few of my favorite free podcasts for language learning.

News in Slow… is a weekly podcast in which a news report of current events is given by a native speaker in that language, but it is spoken at a fairly slow rate so that language learners can understand it more easily. This is a great intermediate step for people who are building vocabulary and building toward being able to speak and understand the language natively. Listeners can rely on context clues – their understanding of basic world events – to understand what the speaker is saying and the speed is slow enough to allow listeners time to process and understand without losing track. For people who have already built up a basic vocabulary and grammar – like people who have completed the lessons in Duolingo for a particular language – these are a fantastic next step.

Spanish Obsessed with Rob and Liz is a great Spanish-focused podcast that’s actually split into a number of different series depending on your level. The style that the hosts provide here is very inviting and the fact that you can “grow” with these podcasts to more advanced levels is also wonderful.

30 Minute Italian with Cher Hale is my absolute number one language learning podcast I’ve ever heard. Unfortunately… the host stopped with the podcast in 2016, though the archives are still available. If you’re learning Italian, I implore you to start this one from the beginning. It is magnificent in terms of the language being taught, the friendliness of the host, the interesting side tangents that the shows take… just everything!

If you want to drink from the proverbial fire hose, here are a ton of podcasts on language learning that are available for free. You can dig into ones that are available for your language at your own convenience. Some will be good – some not so good.

The final tool I wanted to mention for free language learning is Google Translate. This tool is exactly what it claims to be – it allows you to type in sentences in your language and translate them to another language.

The advantage of Google Translate is the utter flexibility of it. It’s very useful for almost any language you want to learn. It allows you to try out vocabulary and simple sentence structure and see if you’re right.

The disadvantage is that Google Translate isn’t perfect. While it does a pretty solid job of giving functional translations for words, sentences, and phrases, it can often miss a lot of the nuance, especially in more complex sentences, and it can occasionally mis-translate words with the same spelling (though this has become rare as the program has become more sophisticated in recent years). This can result in some awkward translations on occasion.

Still, Google Translate is an invaluable free tool when you’ve reached the point of forming sentences and thoughts on your own in another language or you simply need help finding a particular vocabulary word on the fly. It’s like a translation dictionary in your hands with the ability to handle simple sentences as well.

With these tools combined, you should have everything you need to learn a foreign language of your choosing. However, there is one final element that’s absolutely vital in all of this: you.

Without a strong internal commitment to learn a foreign language, you won’t learn one. It won’t come to you like magic. It takes time and commitment and consistent effort. Sitting at home dreaming about learning French isn’t going to teach you French. Talking about how you’re going to learn Italian “soon” isn’t going to teach you Italian. You’re not going to become a master of Turkish by doing one or two Duolingo sessions.

With all of these tools available, the real factor that matters in all of this is your commitment. If you truly want to learn a new language, make a daily commitment to language learning. Block off thirty minutes or an hour to actively learning the language in some fashion, whether it’s doing Duolingo lessons on your phone, running through some flashcards, listening to a podcast, doing an audio lesson, or reading a book. Find what works for you and do it!

For me, actually scheduling blocks of time for learning in my personal calendar works best. When I am learning something new, I literally block off an hour each day for it. You can block off half an hour or whatever works for you, but make that time sacrosanct. Don’t turn it into something you can brush aside on a whim. If you later decide that learning isn’t a priority for you, accept that and delete the commitment, but until then, make a daily commitment to learning. Given the wide variety of free tools available, access to learning resources is relatively secondary.

Good luck in your language learning journey!

The post How to Learn a New Language with Minimal Expense appeared first on The Simple Dollar.



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Running a Race? Here’s 8 Ways to Save on Race Fees and Expenses

Running is one of the most affordable forms of exercise. Usually, the only big expense you have to worry about is buying a reliable pair of shoes.

Oh, and races.

Competing in races is my favorite way to stay motivated and stick to my exercise routine. I love race day! The inspirational group mentality, the crowds on the sidelines and setting a new personal record (PR) gets my blood flowing.

But races can get expensive. As a general rule, the longer the race, the higher the cost.

If you’re a fellow race lover, we’ve got some great suggestions for saving on your next event. If you’re in the beginning stages of running and have been toying with the idea of participating in a race, finances shouldn’t stop you from meeting your goal.

Whether you want to run a 5K or a marathon, here are some ways to save.

1. Run as a Group

Many races offer a discount to people who sign up as a group.

My husband and I want to run the Atlanta Halloween Half Marathon this year. The registration fee is $75 per person, which is pretty standard.

We’re trying to scrounge up a couple friends to run with us, though, because the cost is only $70 per person if we sign up in a group of four or more.

$5 might not sound like much of a difference, but it starts to add up when you’re a married couple registering for two or three races per year, as we plan to do.

Plus, since it’s a Halloween-themed race, we get to wear costumes! And costume options are just so much more fun with four people. Here’s what I’m thinking: Spongebob, Patrick, Squidward and Mr. Krabs.

2. Register Early

In many races, early birds are rewarded. For example, if you sign up the day before the OUC Orlando Half Marathon this December, you’ll pay $100 to participate. If you register online before September 30, you’ll only shell out $80.

Runners with the foresight to sign up an entire year ahead of time paid just $70!

3. Use the Same Company for Every Race

While many races are independent events, there are plenty of companies that host numerous races throughout the year. If you stick to a certain company’s races, they typically reward you for your loyalty.

One example is A Better World Running, which hosts races throughout Southern California. If you run four of their races, the fifth race is free. A free marathon? That’s my dream!

4. Volunteer

If you love race day as much as I do, have you ever considered being a race volunteer?

Putting on a successful event takes a lot of manpower, so race organizers always need folks to hand out cups of water at mile markers, distribute race packets or serve food.

Race 13.1 is a company that rewards its volunteers with “race bucks” to apply toward future Race 13.1 events. For example, if you help runners with packet pick-ups, you earn 10 race bucks per hour. If you are a course monitor, you make 20 race bucks per hour. One race buck is equivalent to one dollar.

By the end of the day, you will have enough to pay for a 5K or maybe even a longer race!

Race 13.1 hosts 5Ks, 8Ks, 10Ks and half marathons all over the country, so you can probably find one near you.

5. Get a Coupon Code

RetailMeNot offers a lot of coupons for savings on certain races. It’s easy to search for races in your area. The website offers discounts on some popular race series.

For example, earn $5 off The Color Run and $15 off the Rock ’n’ Roll Marathon series.

6. Skip the Gear

Sometimes an official T-shirt is included in the price when you register for a race. However, certain races let participants choose whether they want to spend an extra $10, $15 or even $20 for the T-shirt. Skip buying the shirt to make your race more cost friendly.

7. Stay Local

My runner friends and I have a habit of searching for races in cool locations we’d love to visit. My college roommate and I traveled from our school in northern Georgia to Nashville, Asheville, Eastern Tennessee and even Washington D.C. for races.

While trips to new cities are exciting, the cost of transportation and accommodation quickly adds up. See if you can find a race close to your town.

8. Run Virtually

If you’re less interested in the excitement of race culture and more interested in reaching a goal or setting a new PR, consider running a “virtual race” in your own neighborhood.

For a virtual race, you time yourself, which some people find inconvenient. However, you don’t incur any travel expenses, and your medal is mailed to your door!

Virtual Run Events and Virtual Strides are two programs dedicated to virtual races. These companies are also good options for anyone who wants to run for a good cause, because a certain amount from each registration goes to charity!

Virtual runs are usually much cheaper than location-specific races. The Eyes of the Dragon Half Marathon only costs $29!

If one of your New Year’s resolutions for 2017 was to participate in a big race, don’t let the cost slow you down! Visit Running in the USA and find a race near your town. Then use one, or several, of these tips to make race day less financially stressful.

Laura Grace Tarpley is a nomad and freelance writer who runs the blog Let’s Go Tarpley!, where she shares tips about budget travel and moving abroad. Follow her on Twitter @lgtarpley.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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