If you’ve ever searched for the ultimate money-saving hack – then you’ve found it here! I’ve always searched for ways to save money (without the agony of being responsible and depositing saving account funds myself). If only there was a way to save money without feeling like we have to take extreme measures by doing things like skipping meals or not going out with friends ever again. Actually, there is a way, and it goes by the name of Digit.
Digit is a free online service that automates your savings in a way that you won’t realize you’re saving. Digit first links up to your bank account, reviews your payment history and predicts your income and cash flow. After Digit’s system understands how much you spend every day and how you try to manage your money, it calculates all your possible daily savings opportunities. Everyday, Digit takes out small amounts of money (anywhere from $5-$50) that you may not have realized you didn’t need or use. After Digit takes out the dough, it puts that cha-ching into your savings.
The whole idea behind Digit is that you’re saving little by little on the daily without feeling like you’re restricting your normal use of money. So you’re still buying your lunches, groceries and gas, but you’re saving too! Your savings stash goes into your personal FDIC-insured Digit account. Digit doesn’t store your password or go through your savings. The account is entirely yours with no minimums and no fees.
Digit always checks in with you and lets you know how much it’s been able to save for you via regular text messages. But if a particularly rainy day hits, just text the word “Withdraw” and your money will be in your pocket by the next business day. Sounds like we’re all going to need a bigger wallet. Ready to get started? Digit and earn $5 when you share this money saving app with others HERE.
Do you struggle to save money these days? What will Digit help you save for?
Forbes released their Forbes Five: Hip- Hop’s Wealthiest Artists list last week. It was not really a shocker that Sean “Diddy” Combs and Sean Carter aka Jay- Z are at the top of the list. There are some people who would think that Jay Z would take the number one spot but the numbers don’t lie. Diddy earned $580 Million while Jay Z earned $475 Million according to Forbes. Bringing in the rear were Dr. Dre who earned $350 Million, Birdman at $150 Million in fourth place, and lastly 50 Cent who has managed to earn way more than his name sake with a reported $125 Million in the bank.
What’s the methodology behind this list? According to Forbes, “In order to complete our Forbes Five list, we followed the same procedure we use to calculate our list of the world’s billionaires: looking at past earnings, valuing current holdings, leafing through financial documents and talking to analysts, attorneys, managers, other industry players and even some moguls themselves to find the nitty-gritty details.”
Unfortunately, a report like this always garners the conspiracy theorists who like to argue about the means in which the money was earned. You know, the usual arguments that still revolve around Biggie’s mysterious death in 1997 and Illuminati claims on behalf of Jay Z’s fortune and domination of the game from the stage to the board room as well as his political connections.
How about we talk about how there are still no women on the Hip Hop scene among the top five earners. Currently, the only female voice you even hear on the radio who isn’t singing is Nicki Minaj and at times she trades bars for melodic verses.
The male top earners have been in the business for a while. The money they have on the books does not always equal their musical talent in the booth obviously. Most of their money is from side business ventures and mergers than from lending their voices to tracks these days. It is not just because of their longevity. They have noble drives and business sense. But there are many female MC’s with the same drive and business sense right? Are the woman in Hip Hop getting lower wages because their women the same way most of us are under earning for the same job at our 9 to 5’s?
The legends such as MC Lyte, does a lot of voice over work and makes appearances at award shows that are looking for an Old School performance act. Queen Latifah is memorizing lines instead of writing rhymes taking on some great roles on the big screen.
On the other end, Foxy Brown made a reappearance last year that was pretty much panned. Lil’ Kim is only making headlines right now for what she claims are doctored photos of her in the media.
What about hope for the future? The newbies, like Azealia Banks are spending most of their time beefing on Twitter.
I’m waiting for the day when lady MC’s are back to rocking their heels (or high tops) and the mic while climbing to the top of these lists.
Forbes Five: Hip- Hop’s Wealthiest Artists
Who do you think are the top five wealthiest women in Hip Hop right now?
Forbes Five: Hip- Hop’s Wealthiest Artists
Forbes Five: Hip- Hop’s Wealthiest Artists
More and more women are taking on the role of their family’s chief financial officer. We set the budget, pay the bills, make the grocery list and can tell you how much it truly costs to run the family! Women have so many roles, however, that it can become tough and a bit overwhelming to keep track of it all. We have compiled a list of our favorite apps and websites that are easy, convenient, and most helpful to your pockets!
Financial planning can also bring down the anxiety you may feel about your debt-income ratio. According to Certified Financial Planner Board of Standards, Inc. “Financial planning provides direction and meaning to your financial decisions.” That is, when you have a plan for how to spend your money, and follow through with them, your financial life will be much easier. CFP also refers to financial planning as the process of meeting your life goals through the proper management of your money. Life goals can include buying a home, paying off your student debt, saving for your child’s education, or planning for retirement. We all have similar goals.
Sometimes it is good to seek advice from a professional financial planner such as an accountant or investment adviser but in the mean time, here are some tools to help you keep track of your finances.
Mint allows users to link their accounts- including banking, credit cards, loans, investments, and property. The website also gives each user tips on how to improve their finances based on trends they notice in the person’s spending habits. Downloadable on smart phones and tablets, Mint is also available when users are on the go.
Like Mint, OneBudget also links to users’ accounts and keeps track of their spending. Community interaction is a key trait of this website. Users are able to connect with people who are working toward the same financial goals. The makers of the website believe support is important and wanted to hone in on that by allowing people to share how they budget their money and learn from one another. After all, they say experience is the best teacher. Why not learn from others’ experiences?
This website does not keep track of spending for users but does offer a lot of resources. The 21 Federal entities that compose the Financial Literacy and Education Commission provide the materials that are available via the website and the 1-888-MyMoney hotline.
Last but not least, consider these best practices when approaching financial planning from the CFP:
1. Set measurable goals.
2. Understand the effect your financial decisions have on other financial issues.
3. Re-evaluate your financial plan periodically.
4. Start now, no matter your age – don’t assume financial planning is for when you get older.
5. Start with what you’ve got – don’t assume financial planning is only for the wealthy.
6. Take charge – you are in control of the financial planning engagement.
7. Look at the big picture – financial planning is more than just retirement planning or tax planning.
8. Don’t confuse financial planning with investing.
9. Don’t expect unrealistic returns on investments.
10. Don’t wait until a money crisis to begin financial planning.
The last one may be the most important. It falls under the realm of things you stay ready for so you don’t have to get ready. Take some time out this week to see where your money is going!
Have these websites/apps been helpful to you? Or do you have other financial planning tips that have helped you? Share below…
The countdown to the New Year has begun! Many are now declaring their excitement for a “New Year, New Me”. The most common resolutions year after year are kicking bad habits, improving finances, advancing in careers, having a more positive attitude and/or better love life, losing weight and lastly, eating healthier. Every year many of us wait until the clock strikes twelve to change our ways, and every year more than half of us don’t make it through the entire month before we are back to our old habits. Yet, people continue to make the same resolution every year, in hopes that this year their commitment will finally stick.
Others have simply stopped making New Year’s Resolutions all together. Those who don’t make resolutions might be onto something. Here’s why: You’ve already had over 300 days of cringe-worthy dates, disappointing paychecks, and heavy duty moments weighing in on what areas of your life need improving. The anti-New Year’s Resolutions people have not given up on changing their life for the better. Instead their mindset is “why wait another month to make a change, when the first day of you working on the “new you” could be today?”
With three simple steps you can set yourself up for success and have a better a chance at not dropping the ball before the ball drops.
The first step towards weight loss has always been going to the gym and signing up. Of course, after the first great workout the motivation wears off and the only thing getting smaller is your bank account as the automatic monthly fee -for the membership you stopped using- continues to deduct itself. Like any resolution, deciding to get in better shape by preparing to do so is an action-oriented step. While preparing to make self changes the most important thing to do is research. Look into how much you want to lose, how much you want to save up, etc. and decide on a realistic time frame to make it happen.
Then set up your environment so that your goal is attainable. For example, many people choose a gym based on the best deal or the amenities, but finding a gym that you are going to visit often is all about location, location, location! Find a gym that’s close to your job so you can fit in a workout before you clock in, during lunch or right after you clock out. Also, always have your gym bag stocked and at the door so there is no excuse to leave home without it.
Once you have found a place that fits your needs, location, and schedule it’s time to put your plan into practice. Play around with different types of workouts until you find something you like and fall into a rhythm. It’s about building up until your practice becomes an enjoyable routine. It’s not about perfection. Start with one day a week and continue to build. Try going at different times on different days to see which are best for you. Try out different equipment until you find the ones that will help you reach your ideal body shape.
Preparing through planning and research, then practicing until you get into a comfortable groove helps you to build a foundation so that you can persist to the finish line.
Persistence is the driving force when you’re having a bad day or don’t feel as motivated. It’s the voice in the back of your head that keeps reminding you that you’ve already come so far. Once you have this your resolution has become a habit. These steps can apply to any of the things you want to improve about yourself. The key is being proactive. Many of us never leave the starting line, or lose steam early because we think of the resolution as a solution, as opposed to the first step in a proactive decision to be a better version of ourselves. Think about it, if you are proactive about taking the necessary steps to self improvement now, then by the first day of the New Year you will be ahead of the game.
Tell us some of your resolutions and how you plan to keep them below…
Feel like you’re completely breaking the bank with all of your holiday shopping? Is your Black Friday, Small Business Saturday or Cyber Monday shopping starting to catch up with you, yet there are STILL gifts and/or travel costs left? Here are five simple saving solutions to consider while shopping for the remainder of this holiday season.
Whenever you break bills and receive loose change, put aside the coins.
The amount of money that you will be able to amass this way is indescribable. Watch just how quickly you will fill up your money jar(s)! To make it more fun, save each coin denomination in individual jars.
Whenever you break larger bills, force yourself to save ALL $1 bills.
With this particular method, it might surprise you just how much money you will have even after a week. Allot yourself a designated amount of cash for shopping, and once your larger bills have been broken from your shopping excursion, count up your singles and save!
Force yourself to write down, in a small notebook, EVERYTHING that you spend (not bill money) that has nothing to do with holiday shopping.
Write down everything, including that beverage from your favorite store. If any of your purchases have nothing to do with holiday gifts or bills, write it down. THIS is where a lot of your cash goes without notice.
As the old saying goes, “Brown Bag It”.
Enough said! You save tons of money by preparing your lunch at home, rather than by spending it daily in the cafe at work or at local restaurants. Make an honest attempt to brown bag it four days out of your five-day work week. Then maybe treat yourself once a week at your favorite eatery for your efforts.
Put someone else (SOMEONE THAT YOU TRUST AND SOMEONE GOOD W FINANCES) in charge of your savings.
If you’re deciding that you want to save $50 per paycheck, but you know you will dip into it, give it to someone that you absolutely trust not to spend your money. Think of it as a “bill” that you pay, but towards your savings.
If you’re anything like most Americans, you might be wondering if there are any creative ways to get your coins up before Christmas that doesn’t include retail or hospitality work. With the holiday season well underway you might be looking for ways to boost your cash flow over the next few weeks.
According to a consumer survey by BIGinsight, shoppers will spend on average $749.51 on gifts, holiday cards, and decorations this holiday season. That’s A LOT OF GIFTING!
Check out a few innovative ways to make some extra money before the holidays as well as after. Who knows, maybe you can use the extra income to go back to school, start a business or finally pursue your passion if you’re already prepared for holiday spending!
1. Rent your home.
Going out of town for the holidays? People are constantly looking for a good deal on vacation homes. To date Airbnb is already in 30,374 cities in 192 countries and they will even have a professional photographer come out to take pictures of your place. You list your house or appartment, set the price per night and see what happens.
Make up to $1000 a month by renting your vehicle when you’re not using it. Relay Rides gives owners the luxury of choosing who rents their vehicle, and both renters and vehicle owners are covered by insurance provided by Relay Rides. Renter reps are built by the reviews left by the car owners and with the holidays rolling in and traditional car rental prices at a premium this is a prime opportunity to make extra cash if your car is normally parked.
3. Surf the Web. (No, really!)
Google’s cute, but I’ve never gotten paid by using the site to search the Internet. Switch to a site like SwagBucks that reward points or “bucks” to your account, which can be exchanged for gift cards or actual cash. Notably, the Store offers many gift cards that can be delivered in an electronic format. These gift cards can then be spent on other vendors (Amazon, iTunes, Paypal, etc.) to receive a wider variety of rewards.
These are just a few ways you can earn some extra cash without much interruption to your already established lifestyle. So start financing your holiday season now and who knows how much extra change you may have earned by December!
In partnership with the New York Public Library and Souleo Enterprises financial literacy programming – DivasandDorks.com will host a seminar that will help you stay on track of your budget and build wealth right from the smartphone in your hand. This weekend, join Christen of DivasandDorks.com for a Financial (APP)titude seminar this Saturday, July 14th at St. George Library in Staten Island, NY.
Within the digital realm exists a wealth of financial resources that have the abilitiy to empower individuals. In this presentation, Christen Rochon, publisher of DivasandDorks.com, will educate patron on the most innovative and useful digital tools to budget, raise funds, stay on top of bills and more!
Financial (APP)titude Seminar
Saturday, July 14th, 2:00pm
St. George Library
5 Central Avenue (near Borough Hall)
Staten Island, NY
Looking to sell your iPhone 4 and spend some of that money towards your new iPhone 5? SELL NOW!
According to CNN, beating the potentially millions of folks who will be buying a new iPhone and selling their old one could put more money in your pocket.
While some retailers offer discounts for a trade-in (Radio Shack was offering $100 for some previous models when the iPhone 4 was released), Apple stores and their designated carriers generally don’t give back as much cash, or credit, as an owner might earn outside the store.
But a growing online resell market has emerged to give folks another option.
Between now and Monday, the day before Apple has scheduled an iPhone-related event, one of those sites, Nextworth, is offering $250 for 16GB and 32GB iPhone 4s that are in good shape.
The company, which also has trade-in programs at some retail stores, bills itself as a way to get value out of your aging electronics while keeping the products out of landfills, where they can cause environmental problems.
Gazelle.com is offering $250 for a 32GB iPhone 4 in “flawless” condition and $169 for one in good condition. Got a busted model? It’ll give you $85 for one even if it won’t turn on or is physically damaged.
Of course, there are always the direct-sale sites like eBay and Craigslist. (I have a jailbroken iPhone 3GS that I’m willing to sale, but let’s face it, unless it’s an iPhone 4 or iPhone 5 – no one is even trying to hear it….lol.)
*In the most annoying baby voice ever!* Who’s a fan of saving money? Yes, You Are! You’re a fan of saving money & if you could do it from your smartphone, that’ll be ever better! Yes? YES!!!
Then with that being said, my good friends at Groupon.com has decided to hook DivasandDorks.com up…BIG TIME!!! What is GROUPON you ask? Well my friend, it is the most convenient online source of money-saving coupons delivered to your email DAILY!
I am an avid fan of Groupon emails (actually, I look forward to reading them every morning because they’re tailored to feature stores I shop at regularly and goods I buy anyway…) For example…I’ve been meaning to replenish my supply of The Body Shop’s Body Butter for the summer…(Hey, I’m no beauty blogger but I know what’s good for me & my skin!) So of course when I saw this deal, I just had to share it with the world!
…and of course I bought THREE of them!!!
The neat thing about Groupon is that they don’t spam your email with deals for hardware stores or sign language classes (unless that’s your thing and if so, I’m not judging you…) they do however, send you useful emails for places you frequently eat, shop or play! You can check them out and buy them conveniently from your smartphone — who says you can’t save money while you’re on the go? So why wait for another money saving miracle and start saving money today with Groupon.com.
SIGN UP for your exclusive money saving Groupon account HERE for free!