Category: Money

Posted in Money

Americans don’t want to give up their paper money, but they should

The recent health scare surrounding the COVID-19 outbreak seems to have accelerated the move toward a cashless society, with cashless payment spiking in concert with viral cases.

Yet, our findings in a Genesis Mining study called “Perceptions and Understanding of Money 2020” indicate that a significant majority of Americans are not psyched about parting with their paper money on a permanent basis.

To be more specific, we found that 60% of respondents are opposed to the idea of paper money being replaced with “digital-only money.” This could be a “devil-you-know” versus a “devil-you-don’t-know” situation where familiarity with paper money is the driving force behind the wariness of giving it up. This is understandable, but if resisting change were humans’ driving principle, then progress of any kind would be impossible.

It is possible that better acquaintance with the advantages of digital transactions could change the minds of those willing to have

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HP Back-to-School Sale 2020: The 5 Best Deals

The new school year looms ever closer. Students may not be eager to see the end of summer, but whether you’re looking forward to the fall or not, savvy shoppers and bargain-hunters know that now’s the time to start shopping those yearly back-to-school sales. The 2020 HP Back-to-School Sale is already live with some juicy deals on computers and accessories, so if you’re looking to save some time as well as money, we’ve already sorted through the sale to bring you the five best deals below (and worry not — you don’t need to be a student to take advantage of these discounts).

Shop The Sale

HP 24yh 24-inch Monitor

Even the best desktop PC is useless without a good monitor, and HP offers plenty of great displays to suit any need or budget. This 24-inch number hits the sweet spot when it comes to size, price, and performance: It features a crisp Full

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Tips for outfitting your kids workspace for fall

From decorated desk drawers to making the most of a small space, these ideas are practical, stylish, and affordable.

MINNEAPOLIS — Whether your kids will go back to a physical or digital classroom this fall, they’ll spend time working on assignments at home. Here are a few ideas to make their workspace both practical and stylish without breaking the bank.

Remove everything from the area so that you have a clean slate.

Besides Marie Kondo, Kathryn from Do It On A Dime probably does it best. This former teacher lives for bins. She says to sort items into categories so that everything has its own home, making cleanup a breeze.

You can save money on bins by shopping at Dollar Tree. Did you know the $1 store has an online store as well?

As for the staples (not literal staples), check IKEA. This desk costs $39.99 and this chair costs

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Posted in Money

Review: I tried Thayers’ popular Rose Petal Witch Hazel Toner

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  • Thayers Rose Petal Witch Hazel Toner has taken the internet by storm — racking up more than 5,000 five-star reviews on Amazon, with many users calling it their “Holy Grail” product. 
  • Why do people like it? It’s non-drying, gentle but effective, and free from harmful ingredients like parabens and propylene glycol. Plus, it’s under $10.
  • I tried the cult-favorite toner and can see why people love it so much — it’s gentle and doesn’t leave my skin feeling tight or stripped. 
  • Right now it’s cheapest at Amazon ($10.95), but you can also find it at Target, Thrive Market, and Ulta.

In general, “good” skincare and beauty products aren’t affordable. The rule — whether earned or simply given — is that expensive products are better than less expensive ones. The exception to this,

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Investors go for digital gold due to ease of access, safety

At a time of movement curbs and shuttered jewellery shops, digital gold sellers have reported a surge in demand. Despite competition from sovereign gold bonds and gold exchange traded funds, digital gold has found greater reach, thanks to its wide distribution via apps such as Google Pay and Paytm, and ticket size as low as 1.

Demand for digital gold rose 40-50% amid the viral outbreak, said Sachin Kothari, director of Augmont Gold Pvt. Ltd, a digital gold provider.

“As access to shops to buy physical gold was restricted due to the lockdown imposed to prevent the spread of covid-19 pandemic, people opted to buy gold through digital mediums. The rising price of gold has also supported demand,” said Kothari.

India has three major digital gold sellers—Augmont Gold; MMTC-PAMP India Pvt. Ltd, a joint venture between state-run MMTC Ltd and Swiss firm MKS PAMP; and Digital Gold India Pvt.

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Money Plus, proprietor banned from carrying out investment advisory services

Markets regulator Sebi has barred Money Plus Research Advisory and Financial Services and its proprietor Pravin Meshram from acting as investment advisors, for providing unauthorised trading tips to investors.

Besides, they have been restrained from accessing the securities market until further orders.

After receiving complaints, the Securities and Exchange Board of India (Sebi) carried out a preliminary examination to ascertain whether unregistered investment advisory activities are being carried out by the firm.

In its interim order, Sebi said Money Plus is soliciting and inducing the investors to deal in the securities market on the basis of investment advice, stock tips, etc., prima facie, without having the requisite registration as mandated under the investment advisor (IA) regulations.

The amount of money, prima facie, observed to have been collected by Money Plus and its proprietor Pravin Meshram was 53.85 lakh.

Accordingly, the regulator has directed Money Plus and

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Money market account vs. money market fund: Which is right for you?

  • A money market account is an interest-bearing deposit account offered by banks and credit unions.
  • A money market fund is a type of income-oriented mutual fund that invests in short-term debt securities.
  • Both are low-risk and highly liquid, but money market accounts and money market funds are distinct financial vehicles that serve different needs.
  • Visit Insider’s Investing reference library for more stories.

Money market accounts and money market funds may have similar names, but they have some key differences. A money market fund is a low-risk and highly liquid investment asset — specifically, a mutual fund — while a money market account is a type of deposit account offered by a bank or credit union.

 That’s not to say these soundalikes don’t share some traits. Both money market accounts and money market funds are safe places to park cash, and both invest in similar things — short-term debt,

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China’s Crypto Currency May Challenge U.S. Dollar Peg in Hong Kong

Showdown looming against the U.S. dollar in Hong Kong.

Photographer: Chesnot/Getty

Money is whatever people will use to swap, store and measure value. Since 1846, Hong Kong residents have relied on notes issued by commercial banks. And for almost four decades, they have been safe in the knowledge that 78 units of  local currency would always fetch 10 U.S. dollars. That certainty has spawned a globally competitive financial center. 

But change is on its way. The people of Hong Kong may be asked to try out a new kind of money. Whether they bite could decide the outcome of a great superpower rivalry. 

A digital renminbi trial

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Money Hacks Podcast: ETFs and unit trusts, what are the differences and misconceptions?, Business News & Top Stories

Money Hacks Ep 79: Differences and misconceptions over ETFs and unit trusts

9:22 mins

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode tackles the importance of knowing the pros and cons of ETFs and unit trusts.

Chris Lim hosts Gregory Van, chief executive and founding partner of Endowus, the only digital investment adviser that now has a CPF investment option.

They discuss the following points:

1. What are ETFs and unit trusts and are there big differences between them? (0:45)

2. Are unit trusts and mutual funds the same product? (2:32)

3. Why are ETFs essentially a wrapper for products like funds, Reits or bonds, so they can be traded on exchanges? How does that impact the net asset value? (3:15)

4. Unit trusts are more convenient for investors who do not need intra-day liquidity (4:55)

5. What are the differences between ETFs

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Walmart Plus price, release date: $98 for annual membership

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Walmart Plus Home Screen 4x3

Walmart; Alyssa Powell/Business Insider

  • Walmart+, the company’s Amazon Prime competitor, has launched at last on September 15. 
  • The annual Walmart+ subscription price costs $98 per year compared to Amazon’s $119 per year Prime subscription. You can also pay $12.95 per month.
  • The service includes same-day delivery of over 160,000 in-store items like groceries and general merchandise, a Scan & Go feature that lets you pay for items with the Walmart mobile app while you shop at physical Walmart stores, as well as a five-cent discount on fuel at Walmart and Murphy gas stations.
  • Read everything you need to know about the Walmart+ shopping subscription service here and see how Walmart+ vs. Amazon Prime shakes out on launch day.

Amazon Prime has officially met its first true challenger in Walmart+, the premium retail subscription from

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