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☆ The 10 cheapest U.S. states to retire—Florida doesn't make the list
▼ + stars: | 2023-08-31 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

West Virginia ranks as the least expensive state to retire in 2023, according to data from Bankrate's "Best and Worst States to Retire" list. The state's light tax burden and low cost of living may make it an attractive option for retirees. West Virginia is relatively tax-friendly toward retirees, according to SmartAsset. Although Florida has long been considered a popular destination for retirees, the state didn't place among the cheapest states to retire for the second year in a row. Here are the most and least affordable states to retire in 2023, according to Bankrate.

Organizations: West Virginia, States, Council for Community, Tax Foundation, Sunshine State, National Association of Realtors Locations: Virginia, West, Florida

☆ 32-year-old old mom of 2 has saved over $1,000 on groceries this year by couponing: 'I promise anybody can do this'
▼ + stars: | 2023-08-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +4 min

During another August shopping trip to CVS, her store coupons brought her $130 total down to about $26. Kiersti Torok, a 32-year-old mom of two, says coupons help her to save money on household essentials. "I was sitting at the table texting out deals every Sunday to people because they were trying to figure out how to save money on essentials." How you can save money using couponsIf you want to start couponing, Torok's No. "It'll take you five minutes to go through your whole cart and scan and clip the coupons," Torok says.

Persons: Torok, it's, we'd, Kiersti, Justin Vagle, We've, TikTok Organizations: CVS, Dollar, Backstreet Boys, CNBC

☆ Amazon will soon let you pay for groceries with your palm at any Whole Foods—but tech experts urge caution
▼ + stars: | 2023-08-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +4 min

Amazon One is a type of biometric-based form of payment which uses your unique physical features, such as your face or palm print, to authorize payments. This means customers who sign up for the Amazon One program won't need their wallets or phones to pay for groceries. To its credit, Amazon says its palm scanners use liveness-detection technology and are able to tell the difference between a live palm and a fake one. Consumers should also be aware that the database where their biometric data is stored could potentially be hacked. It's important to understand that your biometric information is some of the most sensitive data you create, says Greer.

Persons: you'll, that's, Hafiz Malik, Malik, Evan Greer, Cynthia Rudin, Rudin, Greer, That's, Warren Buffett Organizations: Foods, University of Michigan, Corporations, CNBC, Duke University Locations: U.S

☆ Here's how much money Americans in their 50s have in their 401(k)s
▼ + stars: | 2023-08-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For many Americans in their 50s, retirement is right around the corner. By the time you turn 50, you should aim to have around six times your salary saved for retirement, according to Fidelity. On average, Americans between the ages of 50 and 59 have around $189,800 in their 401(k)s, according to data from Fidelity Investments Q2 2023 Retirement Analysis provided to CNBC Make It. The median 401(k) balance for Americans in their 50s is $57,000, meaning half of 401(k) balances are lower than this amount and half are higher. Median account balance is considered a more accurate representation of what most people have actually saved for retirement.

Persons: haven't Organizations: Fidelity, Fidelity Investments, CNBC

☆ The No. 1 best state to retire in the U.S.—it's not Florida
▼ + stars: | 2023-08-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The best state to retire in 2023 isn't Florida. 1 state to retire, according to a recent Bankrate study. To determine which states are the best for retirees, Bankrate used data from a number of sources, including the U.S. Census Bureau, the Tax Foundation and the Centers for Medicare and Medicaid. Since most retirees live on a fixed income, lower housing costs can help them stretch their dollars further than other states, Bankrate reports. Here are the best and worst states to retire in 2023, according to Bankrate.

Organizations: Southeast . Iowa, U.S . Census Bureau, Tax Foundation, Centers, Medicare Locations: Florida, Southeast

☆ 'Girl math' is all over TikTok, but it 'straight-up does not work,' says self-made millionaire
▼ + stars: | 2023-08-17 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

All over TikTok, "girl math" is being used to justify almost any purchase, from everyday things like $5 coffees to big-ticket items like concert tickets. While everyone's version of girl math is different, it typically involves rationalizing your spending in often illogical ways. Say you buy your daily coffee with cash, rather than your credit card — it's basically free, according to girl math. On TikTok, there are hundreds of videos tagged as "girl math," with some amassing millions of views. "That strategy straight-up does not work because it will catch up with you," Tu tells CNBC Make It.

Persons: it's, Tori Dunlap, Dunlap, Vivian Tu, you'll, I'm Organizations: CNBC

☆ Once you hit this credit score, ‘there’s no benefit to scoring higher,’ says expert: ‘It’s just bragging rights’
▼ + stars: | 2023-08-14 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

While having a perfect 850 credit score is impressive, you don't necessarily need it to unlock the best benefits. Here are the ranges that generally qualify as poor, fair, good, very good and exceptional, according to Experian. "Every 20 points or so can make a big difference in the battleground between fair, good and excellent credit," he says. Say you have a 675 credit score and qualify for a $300,000 mortgage with an interest rate of 7.5%. "This is a great illustration of why your credit score really matters," he says.

Persons: Ted Rossman, Rossman, you'd Organizations: CNBC

☆ PayPal is diving deeper into crypto by launching its own stablecoin—what investors should know
▼ + stars: | 2023-08-10 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

PayPal has added a new cryptocurrency to its roster: PayPal USD (PYUSD). On Monday, the online payments service became the first major U.S. financial company to launch its own U.S. dollar-backed stablecoin. PayPal USD is "100% backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents," according to a Monday press release. Additionally, PayPal's stablecoin is redeemable 1:1 for U.S. dollars, which means one PayPal USD can be redeemed for one U.S. dollar and vice versa. Notably, Paxos was ordered to stop issuing Binance's dollar-pegged stablecoin, BUSD, by the New York State Department of Financial Services in February.

Persons: PYUSD, Paxos, PayPal's, Dan Schulman Organizations: PayPal, U.S ., U.S, Paxos Trust Company, New York State Department of Financial Services

☆ Harvard expert: Use this formula to improve your life satisfaction and your relationship with money
▼ + stars: | 2023-08-07 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

She herself had spent most of her life on that hamster wheel, she notes, while working in the financial services industry. That can lead to feeling unsatisfied with your life despite your accomplishments and how much money you've earned, she says. "In the absence of emotional well-being, incremental money above and beyond what you need doesn't increase your life satisfaction," she says. But it does help to have confidence and clarity about your relationship with money and the role you want it to play in your life. With that in mind, Thakor recommends a better equation: Financial health + Emotional wealth = Money Zen.

Persons: Manisha Thakor, you've, Thakor Organizations: Harvard Business School, CNBC

☆ The No. 1 worst U.S. state to retire — it's not New York or California
▼ + stars: | 2023-08-05 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For the second year in a row, Alaska ranks as the worst state to retire, according to a recent Bankrate study. Despite placing 20th on last year's list of best states to retire, New York came in 49th this year. Meanwhile, California maintained its standing as the third worst state to retire. A massive housing shortage has caused living costs to rise in the Golden State, placing it 49th place in affordability, following closely behind New York. Here are the 10 worst states to retire in 2023, according to Bankrate.

Persons: Bankrate Organizations: U.S . Census Bureau, Tax Foundation, National Oceanic, Atmospheric Administration, New York, Golden State Locations: Alaska, , New York, New, California, Golden, New York

☆ Tupperware’s stock price is up nearly 500% in 2 weeks—but think carefully before buying into the hype, says CFP
▼ + stars: | 2023-08-04 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Lately, it seems that retail traders have been focused on Tupperware. The share price of the iconic food container brand has seen a meteoric rise over the past two weeks. That's up nearly 480% from when its stock price hit a 52-week low of $0.61 per share on July 20. Tupperware's rapid rise is being fueled by retail traders who are buying up the stock and driving the price higher, according to Barron's. Other well-known companies have experienced similar boosts in the past, thanks to retail traders too.

Persons: Tupperware Organizations: GameStop, AMC Entertainment

☆ The top 10 U.S. cities for retirees — No. 1 isn’t in Florida
▼ + stars: | 2023-07-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Many cities in Florida remain popular retirement destinations, but a Pennsylvania city ranks as the best place to spend your post-work years. A second Pennsylvania city, state capital Harrisburg, is No. It's clear Pennsylvania and Florida dominate the top spots on the list of best places to retire. Florida doesn't tax income and Pennsylvania doesn't tax retirement pensions and distributions from 401(k)s, IRAs or Social Security, according to Kiplinger. Here are the top 10 U.S. cities for retirees, according to U.S. News & World Report:Lancaster, Pennsylvania Harrisburg, Pennsylvania Pensacola, Florida Tampa, Florida York, Pennsylvania Naples, Florida Daytona Beach, Florida Ann Arbor, Michigan Allentown, Pennsylvania Reading, PennsylvaniaWhile lists like these can be helpful while researching potential retirement locations, remember that everyone's ideal retirement is unique and shaped by different priorities.

Persons: Lancaster, Warren Buffett Organizations: U.S . News, U.S ., . News, U.S . Census, Tax Foundation, Louis Federal Reserve Bank, Pensacola, Security, Kiplinger Locations: Florida, Pennsylvania, Lancaster , Pennsylvania, U.S, Puerto Rico, Lancaster, Harrisburg, Lancaster , Pennsylvania Harrisburg , Pennsylvania Pensacola, Florida Tampa , Florida York, Pennsylvania Naples, Beach , Florida Ann Arbor , Michigan Allentown , Pennsylvania Reading

☆ You'd need to be a millionaire with great credit to buy the life-size Barbie Malibu Dreamhouse
▼ + stars: | 2023-07-22 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

In the real world, it would be pretty expensive to live like Barbie — especially when it comes to housing. Consider Airbnb's life-size Barbie Dreamhouse rental in Malibu, an all-pink mansion decked out in Barbie décor, for example. That's a pretty high credit score; any score between 740 and 799 qualifies as "very good," according to Experian. While the oceanfront estate is privately owned and isn't actively for sale, several real estate companies have given varying estimates of what it may be worth. RubyHome estimates the pink mansion is worth about $10 million, Mariotti says.

Persons: Barbie, Barbie décor, Tony Mariotti, It's, Mariotti Organizations: CNBC Locations: Malibu

☆ Here's how much Americans in their 40s have in their 401(k)s
▼ + stars: | 2023-07-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

People in their 40s may not be saving enough for retirement. Ideally, you should aim to have around three times your pre-tax salary saved for retirement by the time you enter your 40s in order to maintain your current lifestyle in retirement, according to Fidelity Investments. This means if you're in your 40s and earn $60,000 annually, you should aim to have around $180,000 already saved for retirement, for example. Median weekly earnings for Americans ages 45 to 54 is $1,239 or about $59,472 annually. Here are two retirement saving tips to keep in mind.

Persons: haven't, Marguerita Cheng, Cheng Organizations: Fidelity Investments, CNBC, Bureau of Labor Statistics, Blue

☆ Starter homes may be a thing of the past — millennial and Gen Z homeowners plan to stay put for nearly 2 decades
▼ + stars: | 2023-07-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

For millennial and Gen Z homebuyers, purchasing a starter home may be a thing of the past. A starter home is usually the first home a person or family is able to purchase. Currently, nearly two-thirds of all homeowners have mortgage rates at or below 4%, according to Black Knight, a mortgage software and analytics company. Affordable homes are hard to findAs of May, the typical starter home cost about $179,407 nationwide, according to Zillow data provided to CNBC Make It. But between 2017 and 2022, the number of millennials who own their homes increased 64% to 18.2 million.

Persons: Z, Jessica Lautz, Freddie Mac, Black Knight, Jeff Tucker, Zillow, Lautz, Young, Zers, millennials Organizations: National Association of Realtors, CNBC, Bank of Locations: U.S

☆ Justin Bieber's Bored Ape NFT was valued at $1.3 million in 2022—now it's only worth around $60,000
▼ + stars: | 2023-07-07 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

But today, prices for Bored Ape Yacht Club NFTs, one of the most popular collections, has crashed to a two-year low. Take one Bored Ape NFT owned by Justin Bieber, for example: It has declined in value by about 95% over the past year and a half. In January 2022, the Grammy award-winning music artist entered the world of NFTs by allegedly dropping 500 ETH (around $1.3 million at the time) on Bored Ape #3001, an NFT belonging to Yuga Labs' Bored Ape Yacht Club (BAYC) collection. But as of July 2023, Bieber's Bored Ape is only worth around $59,000, according to Bitcoinist. Basketball star Stephen Curry purchased Bored Ape #7990 for 55 ETH (nearly $180,000 at the time) on Aug. 28, 2021.

Persons: Justin Bieber, Stephen Curry, Madonna, It's, Bieber, Curry, DappRadar's, Warren Buffett Organizations: Labs, ETH, Los Angeles Times Locations: That's

☆ How a 23-year-old freelancer makes $48,000 in NYC without a college degree
▼ + stars: | 2023-07-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +8 min

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. While growing up in a suburb of Washington, D.C., Brunotts always expected to go to college. But after reviewing the potential costs of attending music school in NYC, she ultimately decided against pursuing higher education. She brought in around $48,000 last year and says she's on track to make more this year. When she has earned more than her weekly goal doing work for clients, Kate spends time working on personal music projects.

Persons: Kate Brunotts, Brunotts, I've, Kate, Matt, hadn't, Lauren Shamo, Maherzad Todiwala, she's, she'll, Roth, It's Organizations: CNBC, New York City, Washington , D.C, Center, Citi, Google Fi Locations: New York, Washington ,, NYC, Upwork, Venmo, Brunotts

☆ Living on $48K a year freelancing in NYC
▼ + stars: | 2023-06-30 | by ( Lauren Shamo | Cheyenne Devon | ) www.cnbc.com time to read: 1 min

This is a Gen Z episode of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: https://cnb.cx/3OxbJ71

Organizations: CNBC

☆ Why this self-made millionaire still drives the 18-year-old car he bought in 2005: I only 'spend extravagantly' on things I love
▼ + stars: | 2023-06-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

You allow yourself to spend more on the things you enjoy by spending less things you don't necessarily care about, he explains. "I spend extravagantly on the things I love, but I cut way back mercilessly on the things I don't," he says. Basically, turning your "money dial" down in certain areas allows you to turn it up in others. Rather than solely focus on depriving yourself, this approach allows you to zoom in on the things you love and spend freely in those areas. But it also means cutting back on the less important things.

Persons: Sethi, Ramit Sethi, Rich, —, we're Organizations: CNBC, Honda Accord

☆ How much Americans in their 20s need to save each month to retire at 60 with $1.2 million
▼ + stars: | 2023-06-28 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On average, Americans in their 20s think they'll need about $1.2 million to retire to retire comfortably, according to Northwestern Mutual's "2023 Planning and Progress Study." That may seem a long way away from $1.2 million, but younger investors have time on their side when it comes to saving for retirement thanks to the power of compounding interest, investing experts say. Gen Z workers, those aged 20 to 26, expect to retire by the age of 60 — the soonest of the generational cohorts, Northwestern Mutual's study reveals. While that's a little earlier than the average retirement age of 62, it's still feasible. CNBC calculated how much someone in their 20s would need to put away each month to retire with $1.2 million at the age of 60, as well as the income level they'd need to reach in order to accomplish at a savings rate of 10% or 15%.

Persons: they've Organizations: Northwestern, CNBC Locations: Northwestern

☆ ChatGPT probably won’t help you beat the stock market—but it can assist investors in other ways, says CFP
▼ + stars: | 2023-06-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

But letting AI build your portfolio probably isn't the best investment strategy anyway. Boneparth himself put ChatGPT's financial acumen to the test and says the results weren't great. After informing ChatGPT of this, it tried to correct the error but didn't necessarily pull the right information, he says. However, Boneparth says he was impressed by how close ChatGPT came to achieving what he asked. People who use AI tools like ChatGPT for financial advice may misunderstand the current capabilities and limitations of these tools.

Persons: Gen Zers, Douglas Boneparth, Boneparth, ChatGPT, hasn't Organizations: CNBC

☆ Six-figure earners are flocking to Florida—those coming from NYC or San Francisco could save up to $200,000
▼ + stars: | 2023-06-22 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Americans who are making six-figure incomes and looking to make their dollars stretch even further are flocking to Florida. The Sunshine State has gained the largest number of high-income workers who make at least $200,000, according to SmartAsset's most recent analysis. Florida's lack of state income tax also means high-earners are typically taxed less there compared to other metro areas around the country. High earners living in San Francisco could save around 24% of their salaries by moving to Miami, SmartAsset's study reveals. Here's how much money someone making between $150,000 and $650,000 can save by moving from San Francisco or Chicago to Miami, according to SmartAsset.

Organizations: The Sunshine State, Bureau of Labor Statistics, Fort, San, Sunshine State . Locations: Florida, Miami, Manhattan, New York, United States, Fort Lauderdale, West Palm Beach, San Francisco, Chicago

☆ Here's how much Americans in their 30s have in their 401(k)s
▼ + stars: | 2023-06-18 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Instead, keep this key number in mind: your retirement savings rate, which is the percentage of your income you're contributing to your 401(k). As a younger worker, time is on your side when it comes to saving for retirement, Cheng says. If you're in your 30s, your income is likely to increase as you get older, which can allow you to make larger contributions to your retirement savings over time. 1 best piece of advice for regular investors, do's and don'ts and three key investing principles into a clear and simple guidebook. CHECK OUT: Here’s how much Americans have in their 401(k)s at every age

Persons: Marguerita Cheng, Cheng, Warren Buffett Organizations: Fidelity Investments, CNBC, Blue, Wealth, Fidelity

☆ Coinbase is the latest target of the SEC’s crypto crackdown—how U.S. investors may be affected
▼ + stars: | 2023-06-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +6 min

On June 13, the U.S. Securities and Exchange Commission sued Coinbase, the second-largest crypto exchange by volume, according to CoinMarketCap.com. The federal regulator alleges Coinbase operated its crypto asset trading platform as an unregistered national securities exchange and broker, per the June 13 press release. The SEC also alleges at least 13 crypto assets that Coinbase made available to customers, including Solana and Cardano's tokens, qualify as "crypto asset securities," according to the complaint. This comes just one day after the SEC sued Binance, the world's largest crypto exchange, and its billionaire founder, Changpeng Zhao. Trading crypto on an exchange versus peer-to-peer

Persons: Coinbase, Coinbase's, Brian Armstrong, Paul Grewal, we'll, Binance, Changpeng Zhao, Zhao, Gary Gensler, Chen Arad, they've, Arad, Omid, Malekan, wasn't, Bitcoin, There's, bitcoin Organizations: The U.S, U.S . Securities, Exchange Commission, SEC, CNBC, Twitter, Solidus Labs, NBC, Columbia Business School, Architecting, Money, U.S, Commodity, Futures, Metrics Locations: Paris, France, The, Solana, U.S, Arad

☆ Americans owe nearly $1 trillion in credit card debt—here's the breakdown by age
▼ + stars: | 2023-06-09 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Americans now hold a record amount of credit card debt — nearly $988 billion, according to the Federal Reserve Bank's latest data. On average, Americans carry around $5,733 in credit card debt, according to TransUnion's latest report. "Gen Xers can be especially squeezed by credit card debt because they're living expensive years right now," Ted Rossman, senior industry analyst at Bankrate.com, told CNBC in January. Here's the average amount of credit card debt Americans hold at every age, according to TransUnion. How to start paying down your credit card debt

Persons: Michele Raneri, TransUnion's, Ted Rossman, Bankrate's Organizations: Federal Reserve, TransUnion, CNBC Locations: TransUnion's

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