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الجمعة، 22 نوفمبر 2019

This Company Will Pay You $1,000 to Binge-Watch Hallmark Christmas Movies

Hear that? Are those sleigh bells jingling, or your bank account cha-chingling?

It could be both (or maybe tinnitus). We found an opportunity for one jolly elf to binge-watch 24 Hallmark Christmas movies in the 12 days leading up to Christmas – all while documenting the experience on social media. Oh, and the lucky person will earn $1,000.

To qualify for the binge-watching dream job, applicants must be U.S. residents who are at least 18. Beyond that, you must be able to “work the Gram, Twitter and Facebook” every time you sit down to watch a movie.

“We’re looking for a lover of all things Christmas, G-Rated romcoms, and too-close-to-home family dramas,” the announcement from CenturyLinkQuote states.

Sound like you? Prove it. Apply on CenturyLinkQuote’s website by Dec. 6, at 7 p.m. Eastern time. Be ready to eloquently answer questions like “What’s your favorite Hallmark movie?” in under 3,000 characters. (We know! They’re all so good!)

To boost your chances of being selected, include a two- to three-minute video that showcases your undying love of Christmas. Knit an ugly sweater, bake reindeer sugar cookies, carve a snow sculpture that says “Pick me!” Your options are endless. Just make sure to get it on camera.

The listing suggests a preference for applicants with large social media followings.

The company will contact the winner by snail mail or email within five days of the deadline, meaning Dec. 11 at the latest. The winner must respond within 48 hours or the company may renege the offer.

Pro Tip

Looking for more stable employment over the holidays? The Penny Hoarder tallied more than 400,000 seasonal jobs up for grabs this year.

The onboarding “binge-watching package” includes a streaming service subscription with Hallmark Channel Everywhere, which grants access to some 40 new holiday movies to choose from. 

Also included in the early Christmas present:

  • A packet of hot chocolate.
  • A string of fairy lights.
  • A miniature Christmas tree.
  • A box of festive cookies.
  • And “more Hallmark swag than you could ever need.”

Perhaps the biggest gift of all: artistic freedom to review the Hallmark movies during and after each binge-watching session. Some real heavy-hitters in the roster — “Holiday Date” and “Christmas Town” especially — are sure to inspire heartfelt critique.

Adam Hardy is a staff writer at The Penny Hoarder. He specializes in ways to make money that don’t involve stuffy corporate offices. Read his ​latest articles here, or say hi on Twitter @hardyjournalism.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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A Millennial’s Guide to Saving for Retirement (Even if You Haven’t Started)

It isn’t hard to find headlines lamenting the many financial missteps of millennials. Need I list examples beyond our infamous love of $5 lattes and overpriced avocado toast? 

As millennials, we’re often labeled as poor financial decision-makers. But we can’t all be painted with the same brush.  

Financial literacy is a spectrum. Some millennials have a clear action plan for how to prepare for retirement, while others haven’t given it much thought. 

If you fall in the former camp, congratulations. If you’re part of the latter, have no fear. Time, your greatest asset, is still on your side.

If you’re looking for a place to start, you’ve come to the right place. A lot of traditional financial advice doesn’t strictly apply to our generation, so we need to prepare differently from our predecessors for our retirements, or what I call financial independence.

What Everyone Gets Wrong About Millennials and Money

At first blush, millennials seem to struggle with establishing good financial habits: things as simple as living within our means, saving money or setting aside enough to fund our retirement fully. 

While some of us have trouble delaying gratification, we’re actually better at it than our predecessors. 

Consider the marshmallow test: This famous experiment studied when the control of delayed gratification develops in children (if ever). The test showed a strong connection between those who could delay gratification and better associated life outcomes.

  In other words, if you can wait to be satisfied, you end up better off in terms of educational attainment, body mass index, career earnings and many other quality-of-life measures.

According to recent iterations of the marshmallow test, we can hold our wants in check just fine, thank you very much. 

Knowing this, it’s now our responsibility to change the perception of us and shift course, especially considering our retirement preparation won’t be the same as it is for people leaving the workforce now. 

Many espouse the idea of setting aside 10% of your paycheck and riding out Social Security and Medicare to cover the rest of your expenses in retirement. We don’t have a clear line of sight on the future state of those entitlement programs so many hold dear in their golden years.

Instead, we need to move toward financial independence and take our financial futures into our own hands.

FROM THE RETIREMENT FORUM

3 Strategies for Millennials to Build Wealth for Retirement

Our biggest asset is time. Said plainly, we’re expected to live longer than past generations, and we’re still young. Because financial decisions tend to compound with time, we need to start making financial changes sooner rather than later.

I suggest doing it in the following ways:

1. Save More by Living Within Your Means

No amount of earning, saving and investing will be enough if you can’t control your spending. Any budget can be overrun with expenses. So this step comes first because it has the most impact in the long term. 

Financial independence requires a strong grip on spending impulses. By controlling your own actions, there are far fewer risks of failure. You’ll spend intentionally and on items that matter.

Slashing enough from your budget can help you reach the savings rate necessary to accelerate your journey to financial independence. Knowing yourself is paramount to understanding what you can and can’t cut from your budget.

2. Build Long-Term Wealth Through Index Investing

The next component involves learning to invest in diversified low-cost index funds. These funds provide long-term capital appreciation for the added money you’ll have by finding savings in your budget.

Holding these investments for long periods of time allows you to compound your returns and worry about other areas of your life.  Counter to what you see on Wall Street, when your money is invested well, doing less is more.

My wife and I hold the majority of our wealth in low-cost index funds and will do so for years to come. But we maintain a diversified portfolio of investments and hold assets for various purposes. For example, we have most of our money for a home down payment in short-term Treasurys and high-interest savings accounts.

 3. Find Passive Income to Cover Your Cost of Living

A key priority is finding passive income streams that can eventually cover your cost of living and leave room for growth. 

Many options exist, including investing in dividend stocks, limited partnerships and real estate. Some passive income opportunities come with tax advantages to help you shortchange Uncle Sam.

Of particular interest to me is the last item: real estate. By purchasing property and becoming a landlord, you can experience long-term capital appreciation and steady rental income, while also enjoying generous tax advantages.

As a CPA, I have an appreciation for how the tax code can provide incentives for certain actions. Landlords can claim numerous tax deductions associated with owning and maintaining their property, thereby lowering their taxable income.  

How Millennials Can Leverage Time and Ingenuity

My wife and I have used creative ways to build our wealth. However, these three tenets guide our financial decisions because we know they’ll provide the surest path to a safe retirement. In the coming decade, we hope to reach financial independence.

If this resonates with you and these steps seem actionable for your situation, you’ll go a long way toward reaching a secure financial future. By cutting expenses and learning to control your budget, investing in low-cost index funds and building passive income streams to cover your cost of living, you can move closer to financial independence. 

Riley Adams is a CPA who is originally from New Orleans. He works as a senior financial analyst at Google in the San Francisco Bay Area. He also runs the personal finance blog Young and the Invested, a site dedicated to helping young professionals learn about financial independence and entrepreneurship.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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How to Get Cash Bonuses on Things You’re Probably Buying This Holiday Season

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We don’t have to tell you how expensive the holidays are.

And it’s not just the gifts. You’re also spending money on food, decorations and travel. Yay for the most wonderful time of the year!

But instead of going all Grinch on you, we like to find ways to cut costs — or, in this case, earn some cash bonuses back on our purchases with the Ibotta app.

Ibotta is easy to start using (it takes two minutes!), and you can earn money on just about anything, including holiday essentials you’re probably, most likely, definitely buying this year:

  • 5% cash back on Amazon devices. Think: Kindles, Fire TV Sticks, Echos and Alexas
  • 10% cash back on decor, crafts and gifts from Joann Fabric and Craft Stores (in store)
  • 6% cash back on hotels booked through Hotels.com (sometimes we need our personal space)
  • 1% cash back on flights booked through Hotwire. Flights are pricy, so any little boost helps.
  • Cash back on food — so much food! And wine and hard seltzers, too.

Using the Ibotta app, Nancy Frost, a library services supervisor in Cumberland, Maryland, earned more than $432 in cash in about a year’s time.

Plus, when you sign up with Ibotta and redeem 10 offers within two weeks of signing up (very doable this time of year), you’ll get a $20 bonus added to your account.

Once you have $20 in your account, you can cash out via Paypal — a perfect little pick-me-up for your bank account just when the post-holiday blues set in.

Carson Kohler (carson@thepennyhoarder.com) is a staff writer at The Penny Hoarder. She’s earned over $150 in cash back through Ibotta.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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Dear Penny: How Can We Cure Our Finances With $100K in Medical Debt?

Dear J.,

I think it’s helpful to look at paying off your $100,000 worth of hospital bills and rebuilding your credit as two separate, but intertwined goals. 

That’s because paying off medical debt won’t necessarily improve your credit, and you may be able to improve your credit even while you still owe lots of money to the hospital.

The first thing you need to understand is that medical debt works a little differently from other types of debt.

When you open a credit card or take out a loan, the lender reports the account to the credit bureaus. It then regularly updates the bureaus about your balance and whether you’re making on-time payments.

But that’s not the case with hospitals. They don’t regularly report to the credit bureaus, so the only way the bureaus would find out about any of that $100,000 or so you owe is if the account(s) were sent to collections. (The flip side here, of course, is that medical bills won’t help you build credit.)

Collections, of course, is where the serious damage happens. The negative information stays on your credit reports for seven years — but in collections, medical debt is afforded a few unique protections. Debt collectors are required to wait 180 days before reporting delinquent medical bills to the credit bureaus, which gives you extra time to negotiate with the hospital.

The newer credit scoring models give less weight to unpaid medical bills than other forms of unpaid debt — and if you pay it off, that once-delinquent account isn’t factored into your score at all.

OK, now that we’ve covered the basics on how medical debt affects your credit, here’s an action plan.

With bills that aren’t in collections or have been there for less than 180 days, you’re in a good position to negotiate with the hospital. Start by calling its billing department and telling them how much you can afford to pay each month. They’ll often be willing to work out a payment plan. This might not reduce the overall amount you owe, but it can help you regain your financial footing by splitting your bill into affordable monthly payments.

Given the size of your bill and the fact that you’re a single-income household, you should also ask about whether the hospital has a financial assistance program, also known as a charity care program, and if so, how to qualify.

For bills that are in collections, it’s still usually in the debt collector’s best interest to negotiate a payment plan from you. 

But even if unpaid bills continue to plague your credit reports for seven years, you can start building a positive credit history right away.

Getting a credit card is one of the easiest ways to establish credit. Just charge a routine purchase, like gas or groceries, to it once a month and pay it off in full each month. If you aren’t approved for a regular card, you can put down a deposit and open a secured credit card

All that said, $100,000 is a lot of debt, particularly for a family of four with a single breadwinner. So if you’ve tried these steps and nothing seems feasible, consider speaking with an attorney about whether filing bankruptcy is right for you. 

That may seem contrary to your ultimate goal of financial stability, but sometimes bankruptcy is what’s needed to get back on track. Many people find that their credit starts to rebound in as little as a year or two after bankruptcy.

As you weigh your options, you may find it helpful to remember your larger goals: You hope to buy a house someday, but getting to financial stability is what matters most. 

Define what financial stability looks like to you: Does it mean having a clean slate, even if it further damages your credit in the short term? Or getting your monthly debt obligations under control so you can slowly and steadily rebuild?

You didn’t choose to go into medical debt, but you do have choices for dealing with it. Whatever path you take, remember that you’re on your way to your end goal of financial stability.

Robin Hartill is a senior editor and the voice behind Dear Penny. Send her your questions about medical debt to AskPenny@thepennyhoarder.com.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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Why We Stopped Using Our Instant Pot

Over the last year, a few people have written in with a mailbag question along the lines of this one from Jenny:

You have an Instant Pot, right? Why don’t you mention it when you mention slow cookers?

The truth is easy: we don’t use it much at all anymore.

There are a whole bunch of reasons for this, but I want to start off by saying that Instant Pots do the job they’re designed for quite well, but that job that it does well turns out to be a job that’s not very useful in our lifestyle. It is absolutely perfect for very small pressure cooker tasks and for very long preparation meals. The truth is that we very rarely have a need for either.

So, let’s dig in.

It actually does reduce cooking time significantly on things that take a while to cook. A great example of this is a pot roast. If a pot roast would normally take you three or four hours on the stovetop or in the oven, the Instant Pot will almost always shave at least an hour off of that cooking time. That can make a real difference when it comes to planning meals.

The actual cooking time for an Instant Pot really is a lot shorter for a lot of recipes, and it is definitely more and more noticeable the longer the cooking time of the recipe actually is. But there’s a catch, and it’s a big one.

The time invested in getting the pot up to pressure and then releasing that pressure often eats up most of that saved time unless the recipe has a really long cook time. If you get down to recipes that are less than two hours of cooking time, the time invested in getting the pot up to pressure (which takes quite a while in my experience) and then the time needed to release that pressure (which, again, takes quite a while) ends up devouring much of that saved time. On recipes under an hour or so, it usually takes longer to cook it in the Instant Pot than it does to cook it traditionally. It’s only on recipes with a cook time over two hours where the Instant Pot begins to shine.

In reality, we simply don’t cook that many things in our home that have a cook time long enough to really expose the Instant Pot as a time saver. Most of the things we prepare are cooked rather quickly, usually in under an hour. The full cycle of the Instant Pot, including getting up to pressure and then releasing that pressure, takes up a lot of time.

There’s another time issue, too.

It takes a long time to clean when you use it in pressure cooker mode. If you’re using your Instant Pot to pressure cook items, it takes quite a while to clean it thoroughly. The pressure cooking lid isn’t dishwasher safe. You have to wash it by hand, which, again, takes a little while.

These extra steps — getting the Pot up to pressure, releasing the pressure and washing the lid — don’t add a lot of time individually, but collectively they add quite a bit of time to anything you cook in the Instant Pot.

What about using it in slow cooker mode?

If you use it as a slow cooker, it’s not very good as a slow cooker for a few reasons. You do have the option with an Instant Pot to buy a separate lid and use it as a slow cooker, which gives it more flexibility. The only thing is that, as a pure slow cooker, it’s mediocre.

The first issue we ran into was that “low” seemed to barely warm up food. It turned out that “low” is pretty much useless for slow cooking aside from perhaps as a “keep warm” mode. “Medium” is equivalent to “low” on a slow cooker. Still, not a big deal.

The problem we noticed is that it didn’t heat evenly. Near the bottom, it was as hot or hotter than we would expect, but about halfway up, it was cooler than we expected and near the top, it was almost cold. That’s not what you want from a meal cooked in a slow cooker. This works fine for pressure cooking, but it’s not fine for slow cooker meals.

You can, of course, “pressure cook” pretty much any meal that would slow cook, but the reason I like using a slow cooker is so that I can start it in the morning and it’s done in the evening, which I can’t do with the “pressure cooking” modes on an Instant Pot.

For small batch boiling water canning, it works well, but we usually want to do enough such that it would take a bunch of batches in the Instant Pot. To put it bluntly, the Instant Pot is not really made for any sort of large-batch canning, and unless you have an Instant Pot Max, you can’t do any kind of pressure canning at all. We did do a little bit of small-batch boiling water canning in it, but you’re doing just a couple of jars at a time, which can take forever.

If you’re really interested in canning and want to do significant batches at once, this is not the device you want. Go out and buy a dedicated large pressure cooker instead, one that’s designed and built for pressure canning.

In the end, when there’s a task where we might want to use an Instant Pot, we’re much more likely to turn to either a slow cooker, a traditional pot, or a large dedicated pressure cooker. If I want to cook a meal for my family, I found myself turning to the slow cooker in the morning or a traditional pot in the evening. If I wanted to do some boiling water canning, I’d use a large pot. If I wanted to do any pressure canning, I’d turn to a traditional pressure cooker. I never really had situations where I just wanted to pressure cook dinner because it didn’t save enough time to make it worth the extra steps.

There are certainly situations where an Instant Pot might be right for your family. I think it’s perfect if you usually have an hour or two before dinner and want to consistently make things like pot roasts. It’s absolutely perfect for those kinds of uses.

What it’s not useful for are the uses we have. We mostly either cook slow cooker meals that slowly cook throughout the day or meals that can be prepared quickly when Sarah or I are home. We want to occasionally can items, but when we do it, we do it in large batches so that we’re efficient as possible with it.

For us, the Instant Pot is mostly just a mediocre slow cooker with extremely rare additional uses that we can honestly replicate with other tools. It’s a good fit for other households, I think, but not for ours.

If you’re not doing small batch pressure cooking with any frequency and you’re not regularly preparing three-hour meals at home that you want to shorten to two-hour affairs, you’re better off with a slow cooker, in my opinion. If you’re really getting into the idea of pressure cooking, you’re better off buying a quality dedicated pressure cooker instead.

The Instant Pot occupies a middle ground, where it absolutely nails small batch pressure cooking of food and does small batch boiling water canning, but it doesn’t slow cook well and doesn’t do pressure canning unless you have an expensive model. If that matches your needs, the Instant Pot is a good choice. If not, pass on it. It’s a good device that just didn’t match our family’s kitchen needs.

For reference sake, we have the 6 quart Instant Pot Duo. Our slow cooker of choice is the 6 quart Crock Pot, and our pressure cooker of choice is the Presto 23 quart. Both the Crock Pot and the Presto pressure cooker were each less expensive than the Instant Pot.

The post Why We Stopped Using Our Instant Pot appeared first on The Simple Dollar.



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Young people are less likely to fall victim to fraud if they have teachers trained in financial education

Young people are less likely to fall victim to fraud if they have teachers trained in financial education

Training teachers in financial education is key in protecting younger people from fraud.

Rachel Lacey Fri, 11/22/2019 - 10:36
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Research from Young Money and the University of Edinburgh Business School has found that training teachers to provide financial education has a long term  positive impact on their pupils and puts them in a better position to choose financial products and protect themselves from identity theft and other types of fraud.

Between 2017 and 2018 the number of fraud victims aged under 21 rose by 24% according to fraud-prevention agency, Cifas. The number of under-21s acting as ‘money mules’ rose by 26% over the same period too.

Giving teachers the skills to teach their students about money could be key to stemming rising incidences of fraud amongst young adults, the Young Money and University of Edinburgh research suggests.

By increasing teachers’ confidence’, their pupils’ confidence is also improved and their ability to spot fraudulent communications is improved.

Nearly two-thirds (64%) of students whose teachers received training were confident that they understood where victims of fraud could go for help, while 84% said they could recognise fraudulent communications. This compares to just 49% and 66% respectively where teachers had not been given specialist training.

In terms of their ability to choose financial products, those students whose teachers had received training felt confident using advice to make the right selection, compared to only 44% of untrained teachers’ students.

Commenting on the findings, Russell Winnard, Director of Programmes and Services at Young Money says: “The increasing accessibility and functionality of online digital financial services is a positive step for the vast majority of young people, however this can present additional challenges in how they keep their money safe and secure. Understanding the dangers and developing safety conscious habits from an early age is crucially important in preparing young people for future life and work. This is why we support teachers to deliver high quality financial education throughout the education system from age 3 onwards.”

 Professor Tina Harrison from the University of Edinburgh Business School adds: “As students move on from school into further study, training or employment, it is vital they are equipped to make considered financial decisions and know where to go for financial advice. There are also six million young people with government-issued child trust funds, the first wave of which are due to mature in September 2020. These young people will need to be confident seeking advice and making decisions about what to do with this, in many cases, quite significant windfall. This project clearly shows the impact of high-quality financial education on the ability of young people to manage their money and make effective financial decisions.”



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Labour pledges to 'recompense' Waspi women and scrap pension age rises

Labour pledges to 'recompense' Waspi women and scrap pension age rises

A Labour government would compensate women born in the 1950s hit by the rise in state pension age

Stephen Little Fri, 11/22/2019 - 10:23
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Labour has promised ‘recompense’ women born in the 1950s hit by changes to the state pension age.

In its 2019 manifesto, the Labour Party pledges to compensate women born in the 1950s for the failure of the government to adequately notify them about changes in the state pension age.

The manifesto reads: “Under the Tories, 400,000 pensioners have been pushed into poverty and a generation of women born in the 1950s have had their pension age changed without fair notification.

“This betrayal left millions of women with no time to make alternative plans – with sometimes devastating personal consequences.

“Labour recognises this injustice and will work with these women to design a system of recompense for the losses and insecurity they have suffered.”

The Pensions Act 1995 increased the state pension age for women, bringing the qualifying age in line with men by 2020.

The government then decided to accelerate its plan to increase the state pension age in 2011.

The state pension age for women was raised last November to 65 – the same as men – for the first time.

It has been steadily rising from 60 since 2011 and in 2020 the age for both sexes will rise to 66.

Campaign groups such as BackTo60 and Women Against State Pension Inequality (Waspi) argue that many women born in the 1950s were not sufficiently warned of the changes and have suffered financial hardship as a result.

Debbie de Spon, a spokesperson for Waspi, welcomed the announcement but said a clear framework on how it would be implemented needed to be developed.

She says: “As a campaign, we are calling for a bridging pension to provide an income from age 60 to the new state pension age, combined with compensation for those women affected who have already reached their new state pension age.

“We are pleased to see the Labour Party recognise the current hardship and make commitments to resolving it, however, this needs to go further.”

The Liberal Democrats have also pledged to compensate women born in the 1950s over state pension increases, while the Green Party has proposed the delivery of a Universal Basic Income.

Pledge to scrap pension age rises

As part of its manifesto, Labour has also pledged to keep the state pension at 66 and not raise it in the future.

After the current state pension age rises to 66 next year it is then due to increase to 67 by 2028 and 68 by 2039.

Labour has also promised to maintain the triple lock, guaranteeing new state pension increases by either 2.5%, average wage growth or inflation.

However, pension experts have criticised the policies for the impact they would have on taxpayers.

Tom Selby, senior analyst at AJ Bell, says freezing the state pension age is a “gargantuan promise” from Labour with “enormous ramifications for those affected, society as a whole and long-term government spending”.

He says: “It’s also important to remember that planned state pension age increases to 67 and 68 are not just based on the last few years’ data, but decades of life expectancy improvements.

"If state pension increases are to be permanently shelved, Labour needs to explain who will pay the extra cost in the long-term.”



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