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☆ Rich Young Men Want This Famous $7,000 Herman Miller Eames Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.

Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm

☆ New Status Symbol for Rich Young Men: a $7,000 Herman Miller Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

☆ Budgeting apps can do more harm than good, a financial therapist says. There's a smarter way to save money.
▼ + stars: | 2024-04-26 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

Some budgeting apps work by auto-transferring money to your savings account. Financial therapist and podcast host Amanda Clayman said these apps make you disengaged from your money. Budgeting apps make it easier for you to transfer money into savings accounts without having to think about it. While some people credit budgeting apps as useful tools, they're far from the best way to save money in the long term, according to Amanda Clayman, a financial therapist and host of the Audible series "Emotional Investment." According to Clayman, apps that automatically move money to your savings account can be great for short-term goals like planning for an upcoming vacation.

Persons: Amanda Clayman, —, Clayman, she's, Zers, millennials Organizations: Service, Business

☆ How my family of 4 overhauled our lazy budget to save over $450 a month. Offering our teenagers a share in the savings was key.
▼ + stars: | 2024-04-20 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

Over the last two years, our family has overhauled our budget to combat inflation. Here are eight ways my family got our money situation under control. AdvertisementWith inflation still hitting bank accounts hard, our family of four — which includes two teenagers — realized it was time to start taking our household budget more seriously. Over the last two years, our family has overhauled our budget, created important financial habits, and even involved our daughters. Here are some ways we got our money situation under control.

Persons: — Organizations: Service

☆ Avoiding 'blackout shopping' could be the key to saving money, according to a 'frugal living' YouTuber
▼ + stars: | 2024-04-18 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

It's called "blackout shopping," and it's one of the worst things you can do if you're trying to save money, according to Kate Kaden, a YouTuber who gives advice on "frugal living." Living below your means is the best way to save money consistently, Kaden told Business Insider. AdvertisementOne of those is "blackout shopping," Kaden said, when we go out for something specific but get tempted into picking up impulse purchases around the store. Some of Kaden's most popular videos are about consistent ways to save money, things people should stop buying, and how to form a "frugal cocoon." "So shop for where you're really at and what you're going to do."

Persons: —, It's, Kate Kaden, Kaden, you've, Gen Zers, millennials, decluttering Organizations: Service, Business, McKinsey, Federal, YouTube

☆ How much money Americans in their 20s saved in 2023—and how to save more
▼ + stars: | 2024-04-02 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

From a busy social life to beginning to pay off student loans, your 20s can be a hard time to save for the future — especially with retirement decades away. "In your 20s, maybe you're just out of college, have some student loans, have your first job," says Nia Gillett, certified financial planner at Gen Y Planning, a firm that focuses on young professionals. "It can be easy to say, 'Oh, I finally have money,' and just start spending it." That's less than the average amount of $7,148 people in their 20s aimed to save, but how much should you really be saving? Social media in particular can make it hard for young people to save more, she adds.

Persons: Nia Gillett, Gillett Organizations: New York, Social Locations: New

☆ Insiders break down Amazon's sports strategy and the low-key but powerful exec behind it, as the tech giant eyes NBA rights
▼ + stars: | 2024-03-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

One of them is Jay Marine, who oversees Amazon's sports business as VP of Prime Video and global head of sports. Chris Graythen/Getty ImagesMarine's next move could be for the NBA, which Amazon craves for its young, global fan base. Advertisement"For us, everything starts with Prime," Marine told CNBC in a rare interview last fall. AdvertisementApart from its big bet on "TNF," Amazon's sports moves have been largely incremental. The deal lets Diamond continue airing local NBA broadcasts, which makes it more likely Amazon will bid for national NBA rights, analyst Ben Thompson of Stratechery wrote.

Persons: —, Jeff Bezos, Jay Marine, Bezos, Andy Jassy, Chris Webber, Tyrone Wheatley, scrappy, Chris Graythen, Ben Thompson, Stratechery, Marine, Patrick Crakes, it's, Marie Donoghue, Mike Hopkins, Amazon's, John Kosner, Donoghue, Kantar, signups, He's Organizations: Service, Marine, Business, US, Premier League soccer, Industry, The, Sports, WBD, NASCAR, NBC, NBA, Amazon, Disney, Warner Bros, Discovery, Apple, Netflix, CNBC, Amazon MGM Studios, Premier Boxing Champions, Diamond Sports, Diamond, Premier League, WNBA, National Women's Soccer League . Media, ESPN, DraftKings, Warner Bros . Locations: London, The New Jersey, Amazon

☆ A 'server anomaly' that made it look like some advertisers were bidding billions of dollars sent the adtech industry into chaos
▼ + stars: | 2024-03-18 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementBusiness Insider confirmed that the cause of the error was a brief "server anomaly" at PubMatic, an adtech company. A PubMatic spokesperson said the anomaly, at one of its US data centers, caused "abnormally high CPMs being passed to the publisher ad server on a limited number of impressions." The PubMatic error occurred in the communication that happened between the SSP and PubMatic's ad server, according to the company. The actual financial impact for individual publishers and adtech companies is likely to be minimal.

Persons: —, Nicolas Schueller, Adomik, Friday's snafu, Kargo, aren't, PubMatic, Scott Messer Organizations: Service, Business, Publishers, CNN, AMC Networks, Fox, The New York Times, Delta Airlines, Comcast Locations: PubMatic, Friday's

According to financial coach Hillary Seiler, you still need to spend less than you earn, even if that requires adjusting your budget. To make it from paycheck to paycheck, many are finding themselves spending more money and carrying credit card debt. "People never want to hear this one piece of advice, but it's important to spend less than you earn in any economic environment, but especially now." AdvertisementHere are three ways to start spending less than you earn:1. Review and adjust your spending habitsLook at how you spend your money. "You can earn more interest on your money now, and that will help it grow much quicker."

Persons: Hillary Seiler, Hilary Seiler, Seiler, doesn't Organizations: Business

☆ Meta suffered another costly glitch that caused advertisers to overspend — and some say the problem is getting worse
▼ + stars: | 2024-02-23 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

The ad buyers said they did not know what caused Meta's glitch. And there's no guarantee ad buyers will ever get the full amount they've lost. Advertisers continue to battle Meta glitchesThe overspending glitch is the latest in many issues advertisers have had with Meta's ad tools breaking. He estimated that he spends five to 10 hours a month per client working on Meta glitches. "If I look at where we spend most of our money across four platforms — which is Google, Microsoft, Amazon, and Meta — Meta would be the one who's the most dysfunctional," he said.

Persons: —, Tom Brown, CPMs, Brown, Andrew Faris, Milo McMahon, Faris, I'm, Duane Brown, McMahon, AJF Growth's Faris Organizations: Service, Business, Meta, BRND Labs, Outdoor, Google, Microsoft

Loud budgeting is a financial trend that has gone viral as people look to save money. CFP Chloe Moore says loud budgeting can help you spend on the things that really matter to you. According to Certified Financial Planner Chloe Moore , loud budgeting can be a great way to stick to your savings goals, set financial boundaries, and even reduce anxiety around money. AdvertisementHere are 3 ways Moore says you can incorporate loud budgeting into your finances:1. Set financial boundariesWhatever your budget is for entertainment, eating out, or clothes shopping, set it and stick to it.

Persons: Chloe Moore, —, ” Moore, Moore, don’t, SoFi, “, you've Organizations: Service, Finance

While there's no universal minimum credit score to rent an apartment, landlords generally prefer applicants with a good credit score, which is at least 670. While your credit score will suffice for some landlords, under the Fair Credit Reporting Act, landlords are also allowed to view your credit reports. The average credit score of a Gen Z consumer is 680 compared to the average baby boomer's credit score of 745. Though these services won't directly help you build credit, keeping track of your credit score is a crucial part of the credit building process. Apartment credit score requirements frequently asked questionsCan you rent an apartment if you do not have credit?

Persons: —, TransUnion, Kendall Meade, Jay Zigmont, Will, Jamela Adam, Read Organizations: Fair, Childfree, Forbes, . News, Mint Intuit Locations: AnnualCreditReport.com, SoFi, Chevron

☆ The buy now, pay later holiday debt hangover has arrived, as consumers wonder how they'll pay bills
▼ + stars: | 2024-01-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

So she turned to a novel solution to get through the season: Buy now, pay later. It's tough to say how buy now, pay later fits into the country's overall debt picture. Klarna, PayPal and Affirm all declined to share buy now, pay later delinquency rates with CNBC. Affirm has said the short-term and high-velocity nature of its buy now, pay later service makes traditional credit metrics less relevant. Klarna said its global default rate for its overall business including buy now, pay later is less than 1%.

Persons: Kiki Andersen, Andersen, I've, I'm, It's, Ted Rossman, delinquencies, who've, Klarna Organizations: PayPal, CNBC, Adobe, Federal Reserve Locations: Los Angeles, U.S

☆ For 2024, the quiet luxury trend is out and 'loud budgeting' is in — here's how to make the most of it
▼ + stars: | 2024-01-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

But in 2024, there's a new idea taking hold that overtly rejects the urge to overspend and promotes speaking up about saving money — welcome to the era of "loud budgeting." What is loud budgeting? TikTok's loud budgeting trend encourages consumers to take control of their finances and be vocal about making money-conscious decisions, rather than modeling purchase decisions after celebrities and their bottomless pockets — and financial experts love it. In that way, loud budgeting is "it's almost more chic, more stylish, more of a flex." How to jump on the loud budgeting trend

Persons: there's, Joe, Lukas Battle's, Erica Sandberg, Sandberg, SoFi, Allison Bornstein, bougie, isn't, Yuval Shuminer, Shuminer Organizations: Facebook, Finance Locations: Europe

☆ 3 reasons why a financial planner advises against using buy now, pay later, even though it's practically everywhere
▼ + stars: | 2024-01-18 | by ( Jennifer Streaks | Sarah Silbert | Senior Personal Finance Reporter | ) www.businessinsider.com time to read: +3 min

Buy now, pay later plans — installment loans that allow you to spread out payments over time — aren't exactly new, but they've seen explosive growth over the last several years. AdvertisementBut Chloe Moore , a certified financial planner based in Atlanta, Georgia, says that buy now, pay later is still debt and that most people should steer clear of it. Here are three reasons why she advises her clients against using buy now, pay later:1. Since buy now, pay later is so easy to use, some consumers have multiple installment plans that they are paying in a month. If you have multiple installments that you are paying with a buy now, pay later plan, you may be eliminating any breathing room in your budget.

Persons: BNPL, Chloe Moore, —, Moore Organizations: Consumer Financial Protection Bureau, PayPal, Finance Locations: Atlanta , Georgia

☆ For Microsoft and OpenAI, after a year in the 'hype cycle,' the Copilot corporate spending boom is just getting started
▼ + stars: | 2023-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.

Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's

According to TransUnion , 168.6 million consumers carried a credit card balance at the end of September. With higher interest rates affecting credit card balances, the cost of buying gifts this year, or even everyday essentials, is higher than ever. If you can pay off your credit card balance in full every month and take advantage of rewards and perks, the use of a credit card can be beneficial. Here are three steps you can take right now to avoid being shocked by your credit card bill in January:1. If you can pay your existing credit card bill off in full, great … but if you cannot, prepare to make a hefty payment so you don't incur high interest charges or have a credit card bill that lingers well into the new year.

Persons: Uber Organizations: Service, Business, Quicken Locations: TransUnion

☆ Charlie Munger lived in the same home for 70 years: Rich people who build 'really fancy houses' become 'less happy'
▼ + stars: | 2023-12-01 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

For Charlie Munger, living in a relatively modest house wasn't an accident — it was a conscious choice. Munger, the billionaire investor and longtime business partner to Warren Buffett, died on Tuesday at the age of 99. "[Buffett and I] are both smart enough to have watched our friends who got rich build these really fancy houses," Munger said. "[Buffett and I] both considered bigger and better houses," Munger said. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.

Persons: Charlie Munger, Munger, Warren Buffett, He'd, CNBC's Becky Quick, Buffett, Duke Organizations: Berkshire Locations: California, Westchester, Omaha , Nebraska

☆ 6 longevity tips Charlie Munger believed in for a long and happy life
▼ + stars: | 2023-11-29 | by ( Kate Hull | ) www.businessinsider.com time to read: +4 min

Berkshire Hathaway vice chairman Charlie Munger has died at 99. Munger was known for his pragmatic life advice, including tips for longevity. AdvertisementCharlie Munger, vice chairman of Berkshire Hathaway and right-hand man to Warren Buffett, died Tuesday. To remain cheerful, Munger said that it's key to let go of negative emotions. Buffett also credited Munger with the success of Berkshire Hathaway, saying it was "built to Charlie's blueprint."

Persons: Charlie Munger, Munger, —, Berkshire Hathaway, Warren Buffett, Forbes —, Still, Warren Buffet, Buffett, Candy Organizations: Berkshire Hathaway, Service, Berkshire, CNBC, Harvard, Daily Locations: Omaha, Munger munched

☆ Here's some of the best advice offered by late investing legend Charlie Munger
▼ + stars: | 2023-11-28 | by ( Jordan Hart | Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewWell-known investor Charlie Munger has died at the age of 99 after a decades-long career. In the last decades of his life, Munger began selling or donating the majority of his Berkshire stock. You're going to crater immediately. If you've got two suitors who are eager to have you, but one is way better than the other, you're going to choose that one rather than the other. If you don't, you're going to need a lot of luck."

Persons: —, Charlie Munger, Munger, Berkshire Hathaway, Warren Buffett, Buffett, I'm, Bonnie Schiffman, you've, it's, We're, Warren Organizations: Service, Forbes, CNBC Locations: Berkshire, Omaha, Berkshire Hathaway

☆ Why buy now, pay later options aren't necessarily better than credit cards
▼ + stars: | 2023-11-24 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Buy now, pay later options accounted for around $6.4 billion of online spending in October, according to Adobe Analytics. But while they may offer attractive benefits, such as interest-free payments, they aren't necessarily better or safer than using a credit card. Buy now, pay later payment options essentially allow you to take out a microloan to make a purchase, then pay back that loan in installments. While that may seem like a deal, if you're using multiple buy now, pay later plans, the payments can really add up, Rossman says. If you're choosing between using a credit card or a buy now, pay later option, here's how to decide which is right for you.

Persons: Ted Rossman, Rossman Organizations: Adobe Analytics, CNBC

☆ Holiday shoppers have the ‘best discounting season in years,’ expert says. These tips can help you save even more
▼ + stars: | 2023-11-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

For consumers, there is no incentive to holding on to gift cards. If you don't want to use it for yourself, consider using it to buy a gift for someone else or gifting them the gift card. watch nowDO take advantage of credit card rewardsMany consumers also have credit card rewards available they have not yet redeemed. DON'T use credit cards without a plan to pay them offThe average credit card interest rate is now a record 20.72%, according to Bankrate. You may sign up for a new credit card that requires a minimum threshold for new purchases to unlock rewards.

Persons: Rossman, Paul Fabara, CNBC.com

☆ 60% of Americans are living paycheck to paycheck heading into the holidays, report finds
▼ + stars: | 2023-11-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

This year, holiday spending during the Thanksgiving week may hit a record as consumers try to maximize the weekend's deals, according to a 2023 Deloitte Black Friday-Cyber Monday survey. Spending over the week is expected to jump 13% from last year, with shoppers shelling out $567 on average, Deloitte found. Half of consumers plan to take on more debt to pay for holiday expenses, another report by Ally Bank found. That CNBC survey found that 61% of Americans are living paycheck to paycheck, up from 58% in March. More than one-third of consumers plan to dip into their savings even more to cover holiday spending, LendingClub also found.

Persons: Barbie, Mario Tama, LendingClub, Alia Dudum Organizations: Deloitte, Walmart, Getty, Bank, Ally Bank, CNBC Locations: Burbank , California

☆ Forget quiet luxury. 'We don't need half of these things,' celebrity stylist Allison Bornstein says
▼ + stars: | 2023-11-18 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Allison Bornstein, author of "Wear It Well". More likely, we're encouraged to wear Loro Piana cashmere baseball hats and carry $300 Smythson notebooks like Gwyneth Paltrow in the name of "quiet luxury" and justify such expensive purchases using "girl math." "We don't need half of these things," said Allison Bornstein, a celebrity stylist and author of the new book "Wear It Well: Reclaim Your Closet and Rediscover the Joy of Getting Dressed." Actress Gwyneth Paltrow exits a courtroom in which she is accused in a lawsuit of crashing into Terry Sanderson during a 2016 family ski vacation, Park City, Utah, March 21, 2023. Rick Bowmer | Afp | Getty ImagesZoom In Icon Arrows pointing outwards Allison Bornstein's book: “Wear It Well”.

Persons: Allison Bornstein, Jennifer Trahan It's, we're, Gwyneth Paltrow, Terry Sanderson, Rick Bowmer, Allison Bornstein's, Andrea Woroch, Woroch Organizations: Starbucks, Afp, Getty, Bank Locations: Park City , Utah

I tend to overspend during the holidays, so I asked a financial planner about spending strategies. AdvertisementEvery year, when November arrives, I start to get stressed out about holiday spending. As I took a closer look at my finances, I realized that it wouldn't make sense to drain my savings account for holiday spending and wondered about other payment strategies to use instead. FOMO makes deals seem overly importantOne of the biggest reasons I often blow through my holiday spending budget is because the deals this time of year seem so great. AdvertisementShe even suggests being transparent with people in your life about your holiday spending and savings.

Persons: —, Shinobu Hindert, it's, Hindert, FOMO, I've Organizations: Service, Brands

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