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The statement balance is the total amount you owed on your credit card at the end of the last credit card billing cycle. Deciding whether to pay the statement balance or the current balance depends on your financial goals and situation. Yes, paying off your current balance can affect your credit score and lower your credit utilization ratio, which is beneficial for your credit score. Why is my current balance higher than my statement balance? Is it better to pay the statement balance or current balance to avoid interest?

☆ Chinese zodiac fortune predictions for 2024
▼ + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +19 min

Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.

Persons: Hong Kong CNN —, There’s, ”, Chen, “, Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, –, it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, ”, Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province

☆ Self-made millionaire never 'scrimped on' 3 things: 'Everything else I don't care about as much'
▼ + stars: | 2024-01-31 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Throughout her come-up, though, Dunlap says some of the things she chose to spend money on were fairly consistent — even if she could have saved more by cutting back. "It means that my spending is reflecting my values and my hard-earned money is going to the things that I actually love." Fellow self-made millionaire and bestselling author Ramit Sethi calls it the "money dial" approach. It allows him to "spend extravagantly on the things I love, but cut way back mercilessly on the things I don't," he told CNBC Make It last year. "If I tell you, 'never spend money, never step foot in a restaurant,' that doesn't work, that's not sustainable, and frankly, it's not fun," she says.

Persons: Tori Dunlap, hasn't, Dunlap, TJ Maxx, She's, Ramit Sethi Organizations: New York Times, CNBC

☆ 'Loud budgeting' is mentally and financially 'healthy,' says expert—and it's good etiquette too
▼ + stars: | 2024-01-29 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

A number of stories emerged recently explaining the rise of a new viral money trend on TikTok: loud budgeting. And as long as you do it right, loud budgeting shouldn't ruffle feathers in your social circles either, says Diane Gottsman, an etiquette expert and founder of the Protocol School of Texas. "Loud budgeting is just another way of saying open communication," she says. Why loud budgeting is healthy financial psychologyGood money management requires two types of literacy, Portnoy says. The etiquette of loud budgeting: Be positive, but don't overshare

Persons: TikToker Lucas, I've, Buzzfeed, Brian Portnoy, Diane Gottsman, Portnoy, you've Organizations: Protocol, of Texas

☆ 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

☆ Step aside 'quiet luxury,' budgeting is cool now
▼ + stars: | 2024-01-17 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +5 min

It's called "loud budgeting." He wasn't explicit about his definition of "loud budgeting," but suggested it involved being vocal with your friends about choosing to live frugally. Battle said on TikTok that loud budgeting was the opposite of "quiet luxury," which blew up in 2023 after also being popular during the Great Recession. AdvertisementBattle said in one of his TikToks that he thought "loud budgeting" was "more chic" and impressive than "quiet luxury," later adding that while quiet luxury is about "idolizing celebrities," who are often associated with the trend, "loud budgeting is about the everyday person." Now, it seems "loud budgeting" may go a step further, redefining success and coolness to mean saving your money, rather than spending it.

Persons: —, It's, Lukas Battle, I've, one's frugality, Libby Brooks, Yuval Shuminer, isn't Organizations: Service, Business, BI Locations: TikTok

☆ Everton Faces Second Points Penalty in New Financial Case
▼ + stars: | 2024-01-15 | by ( Tariq Panja | ) www.nytimes.com time to read: 1 min

Everton, which tumbled down the Premier League standings after receiving a record 10-point deduction in November, faces the prospect of a second points penalty for new violations of the competition’s financial regulations. Everton confirmed the new case in a statement on Monday, as did a second team, Nottingham Forest, that was charged with its own violations of the league’s so-called profit and sustainability regulations. The rules were drawn up to keep teams from overspending and risking their financial futures to maintain their places in the Premier League, one of the world’s richest domestic sporting competitions. The Premier League said the cases would be heard by separate, closed-door commissions operating independent of the league. Those commissions, it said, would determine any penalties, which could include fines, points deductions or other restrictions.

Organizations: Everton, Premier League, Nottingham Forest

☆ Amazon's cloud sees growth rates slow from 'optimization' as customers keep cutting costs
▼ + stars: | 2023-12-11 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +6 min

Either way, one thing is certain: Companies are getting serious about cloud spend. And while Wall Street analysts hope the excitement over generative AI will drive customers to spend more money on cloud services next year, it's clear that optimization won't go away. "Cloud spend got big enough at most of the Fortune 500s that it's actually material now," Storment said. Cloud cost-cutting servicesTo save money on cloud services, customers often must first spend money. Customers aren't spending much on generative AI yetEven though "generative AI is the new sexy thing that everyone is exploring," the technology didn't come up in many conversations about budget, Lowell said.

Persons: Adam Selipsky, Werner Vogels, Sid Nag, Gartner, Nag, wasn't, Dave Linthicum, —, Storment, Craig Lowell, Lowell, Linthicum, they're, Bernstein, Mark Schilsky, Ellen Thomas Organizations: Amazon Web, Business, AWS, Wall, Microsoft, Google, Deloitte, FinOps Foundation, Fortune, Venetian Convention, Expo, Companies Locations: Las Vegas, DoiT, ethomas@insider.com

So far, Woods' plans have turned investors demanding an energy transition strategy into believers - at least on climate. At the same time, the company plans to have a leading role in the vehicle electrification business. Reuters GraphicsMORE OIL VS GREEN AMBITIONExxon's ambitious agenda includes starting up the world's largest hydrogen power plant by 2027. RISKY BUSINESSThe $17 billion budget for low carbon technologies as the company's total revenue grows next year "will continue to rise", the CEO said. Spending in low carbon currently is constrained by scarcity of customers willing to sign up for contracts and insufficient regulations, Woods said.

Persons: Darren Woods, Carlos Barria, Woods, ”, Paul Sankey, Sankey, Chris James, Dan Ammann, Goldman Sachs, Neil Mehta, Ammann, Brian Weeks, Chris Bohn, Sabrina Valle, Richard Valdmanis, Gary McWilliams, Anna Driver Organizations: ExxonMobil, Economic Cooperation, REUTERS, Exxon Mobil, Natural Resources, Chevron, Reuters, Exxon, Sankey Research, Carbon Solutions, Thomson Locations: Asia, San Francisco , California, U.S, United States, Sankey, Americas, Brazil, Guyana, Texas, Gulf of Mexico, Houston, Dubai

I've tried to use budgeting apps, but I found they didn't categorize my expenses correctly. There's no shortage of budgeting apps and tools out there, with plenty of bells and whistles to help you make the most of your money. The best budgeting apps can help you get your finances in order and track your monthly spending. While there's no right way to create a budget, there is one right way to use it — consistently and accurately. While I'm happy with my old-school way of budgeting, it doesn't mean it's the right move for you.

Persons: I've, —, it's, I'm Organizations: Service, Quicken

☆ TikTok made overconsumption cool. Now, it's turning against it.
▼ + stars: | 2023-12-01 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +5 min

People are calling out overconsumption, and redefining what it means to be cool on social media. Social media users have long called out the consumerist culture fostered by social media, but recently a group of anti-heroes rose into the TikTok spotlight to battle this kind of overspending using their online platforms. It also reflects a marked change from the kind of aspirational content that people have historically associated with other social media platforms like Instagram. The fight against overconsumption perhaps indicates that creators are trying to redefine the standard of what it means to be cool. The glorification of overconsumption that defined social media may be on its way out.

Persons: TikTok, overconsumption, —, We're, there's, that's, Michelle, Ellie, Kim reshared, Kim Organizations: Service, overconsumption

☆ Opinion | New York’s Era of Overspending Ends With a Shudder
▼ + stars: | 2023-11-24 | by ( Mara Gay | ) www.nytimes.com time to read: +2 min

After years of heady spending, the budget cuts announced by Mayor Eric Adams last week hit New York City like a punch to the gut: Most libraries would be closed on Sundays. So would efforts to improve New York’s notoriously dirty streets and keep rats at bay. The brutal cuts come as Mr. Adams scrambles to fill a $7 billion budget deficit in the next year. The Citizens Budget Commission, a nonpartisan watchdog group, estimates that the budget gap could be significantly higher, closer to $10.6 billion. At the same time, thousands of migrants began arriving at the city’s doorstep in need of shelter.

Persons: Eric Adams, Adams, Bill de Blasio, Michael Bloomberg, Bloomberg, de Blasio Organizations: Budget Commission, Wall Locations: York City, city’s, City, Federal

☆ Dollarization will provide an 'incredible boost' to Argentina's economy, veteran emerging-markets investor says
▼ + stars: | 2023-11-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A plan by Argentina's president-elect to dollarize the economy won the backing of Mark Mobius. The veteran emerging-market investor said the currency shift would be an "incredible boost" for the economy. The comments from the veteran emerging-market investor come after Javier Milei won Argentina's presidency over the weekend, bringing his dollarization plans a step closer to reality. Dollarization critics have warned that a sudden currency switch could trigger a recession, citing a shortage of dollar reserves at Argentina's central bank. AdvertisementMobius also warned that the current condition of Argentina's economy has made investing there difficult.

Persons: Mark Mobius, —, Javier Milei, Milei, Mobius, Milei's, it's Organizations: Service, Bloomberg, Argentina's, Mobius, Federal Reserve Locations: Argentina, Argentina's

☆ Money tips for single moms: 'It can be very challenging to raise kids on one income,' advisor says
▼ + stars: | 2023-11-22 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

"It can be very challenging to raise kids on one income," said Cathy Curtis, founder and CEO of Curtis Financial Planning in Oakland, California. Experts shared these 3 financial tips for single mothers. After accounting for fixed expenses, Curtis said, "closely monitor and budget for variable and miscellaneous expenses." Single mothers also should make sure they're preparing for their own future, said Jennifer Bush, a certified financial planner with Mainstreet Financial Planning in San Jose, California. To manage fears and be prepared for such a scenario, Curtis said, single mothers should take some additional precautions.

Persons: Christopher Hopefitch, Cathy Curtis, Curtis, That'll, Jennifer Bush, Bush, Emma Johnson, Johnson Organizations: Bank, Getty, National Women's Law, U.S . Department of Agriculture, Curtis Financial, CNBC FA, Fidelity Investments Locations: Oakland , California, overspending, San Jose , California

☆ Cami Téllez's underwear startup Parade went bust, and employees blame her. Is it OK to write about it?
▼ + stars: | 2023-11-21 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +28 min

Owning Gucci loafers "wouldn't make me any less capable of leading my team," Téllez rightfully pointed out. Most startups attract people who know this and are excited by it, and Parade employees were no different. "Like any for-profit company, Parade sought to make money and deliver value for shareholders," she told Business Insider. Téllez told staffers DeFuria was sick, and some were worried enough to send flowers to his home. Téllez told employees that they should be receiving offers for positions at AAI "within the next 72 hours at the latest."

Persons: Camila Téllez, I'd, —, Steph Korey, Audrey Gelman, they'd, Steve Jobs, I've, Emily Weiss, Marc Andreessen, Téllez, Gen Zers, Calvin Klein, Cami, Cami Téllez's, she'd, Gucci loafers, Slack, Rhonda Moret, there's, Jack DeFuria, Shakira, Warby Parker's, Neil Blumenthal, Peyton Dix, Jeffries, Evan Mock, Kamala Harris, Ella Emhoff, Gen, Karli Kloss, Omar, who'd, Ty Haney —, — Téllez, Kerry Steib, Meredith Gillies, we've, Steib, I'm, Lyndsey Arnold, Arnold, Lailee, Taghdisi, DeFuria, Kristen Dolzynski, Dolzynski, commenter, weren't Organizations: Ariela, Associates International, AAI, CNBC, Columbia University, NYU, Parade, West Dakota, Forbes, longtime, American, Karli, Voices, Spotify, North America, Employees, Casper, Casa de, Former Locations: New York, Instagram, New, Téllez, York, Colombia, North, SoHo, Dominican Republic

'Wherever you go, there you are'For DeFelice, covering those living expenses became a grind. Corentin Soibinet for CNBC Make ItAs for living expenses, DeFelice still takes out $120 a week to cover her basic costs and finds ways to limbo under that number. 'I'm here to say you can turn things around'After her return to Austin, DeFelice had been coasting. The part-time work was enough to cover her living expenses, but she's recently bumped up her salary by going full-time. In the meantime, she'll continue to educate others about good money habits through her online course, Best Money Class Ever.

Persons: Carly DeFelice, —, DeFelice, Mercedes, Corentin Soibinet, didn't, they'll, Warren Buffett, hasn't, Soibinet, she's, She's, I've, she'll Organizations: CNBC, University of Texas, Benz, FIRE, Carolinas, West Coast, FinCon Entertainment, Mint Mobile Locations: Austin , Texas, Austin, Hawaii, Omaha , Nebraska, Charlotte, Raleigh, West, Texas, Pacific Northwest, New Orleans, East Austin

If you're paying your bills on time every month, you might think you're doing well with money. If you're spending more than you're making, you can't save towards goals, and you might start carrying balances on credit cards. You don't have spending goalsIf you're just aimlessly spending, you're probably not spending on the right things. Setting up spending goals is like setting up a budget, but your spending goals should be more specific. You haven't looked at your spending recentlyIf you aren't on top of your spending, chances are you're spending too much.

Persons: —, it's, there's, Get, they're, haven't Organizations: Service, SEC

☆ From a homeless shelter to saving six figures and buying her first home: A 34-year-old opens up about her struggles with money and the 5 adjustments that changed her finances
▼ + stars: | 2023-11-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Ojekunle's debit card, which was linked to her parents' bank account, was declined after she attempted to pay for a few items at the grocery store. "That's like life-changing money," Ojekunle said. Becoming a big saverA big part of financial stability is psychological, and financial trauma is real, she noted. As she got into the habit of saving, she began transferring money directly to the account. According to a screenshot of her bank account viewed by Insider, she was also able to save over six figures before purchasing her home.

Persons: Niké Ojekunle, Ojekunle, I'm, Barnes, Noble, Rich Dad Poor Dad, spender, TikTok, lockdowns, I've Organizations: Business, Nissan, Apparel, Hyundai, Adidas, Food, Costco Locations: Los Angeles, Florida

☆ 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

The worst things you can do with an inheritance are spend it on assets you can't maintain, sit on it, or invest it all in one place. The wisest thing you can do is speak to a financial planner, preferably before you even inherit the money. It's easy to assume that receiving a large sum of money, like an inheritance, can change your financial situation forever. "On average, an inheritance is gone within five years of receiving it, unless it is invested in financial assets or housing equity," said financial planner Shala L. Walker of Mar Vista Investment Partners. Instead, Walker recommends speaking to a financial planner as soon as possible for help deciding what to do with your cash, including investing it in a diversified portfolio.

Persons: —, Shala, Walker, She's, you'd, I've, doesn't, you've Organizations: Research, Service, Mar Vista Investment Partners

My dad let me know that I was spending my money as fast as I was earning it. He told me to handle the money I already had better by paying cash, living within my means, and ditching debt. When I first started making real money, I quickly found myself in a position where there was more money going out than coming in. My dad didn't agree. "You just started working," he said, "you don't have a financial cushion, and as soon as you get paid you are spending money."

Persons: —, didn't, it's Organizations: Service

☆ Independent Regulator to safeguard English clubs
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

The Independent Regulator for Football (IREF) will have the power to step in to address cash flow and other systemic issues within clubs, many of which are financially vulnerable. "Legislation will be brought forward to safeguard the future of football clubs for the communities and fans," King Charles said of the Football Governance Bill in his speech. Fair Game, a band of clubs campaigning to improve football governance, described the announcement as an "historic moment for football". It is a unique strength of the English game and something that must be protected and nurtured," Parry said. Since the 1999-2000 season, 19 out of 23 Premier League seasons resulted in pre-tax losses for all clubs combined.

Persons: Park, Newcastle United's Kieran Trippier, Lee Smith, Rishi Sunak, King Charles, Niall Couper, Rick Parry, Parry, Tracey Crouch, Crouch, Lori Ewing, Ed Osmond Organizations: Soccer Football, Premier League, Newcastle United, James, Newcastle, British, Independent Regulator, Football, Bury FC, Super League, Sheffield, Reading, Scunthorpe United, English Football, Former Sports, England, Independent, LaLiga, Premier, Thomson Locations: Newcastle, Britain

I have a separate short-term savings account that I automatically put $10 in every week for gifts. While I do buy some gifts closer to the holidays (especially for kids), I buy items on sale all year. This is where I keep a gift fund. I don't have a firm budget for how much I spend each month, but I typically pull from my gift fund or my splurge fund from such purchases. Plus, I've received sundry items for gifting, such as stuffed animals, treat bags, gift boxes, baskets, and stocking stuffers.

Persons: —, pare, I've, I'm Organizations: Service, Black

Honeydue App Learn more Compare apps Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.75 /5 Fees Free Pros Check mark icon A check mark. Budgeting app for couplesCheck mark icon A check mark. AdvertisementAdvertisementSimplifi by Quicken ReviewRocket Money Read Review Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.75 /5 Fees Free to create a budget. Pros Check mark icon A check mark. Connect all your bank accounts, credit cards, and investment accounts to track spendingCheck mark icon A check mark.

Persons: —, you've, It's, Couples, YNAB, Zeta, you'll Organizations: Intuit, Mint, Karma, Service, Apple, Google, PocketGuard, Quicken Start, Quicken, Zeta Locations: Zeta

☆ Foreign bond investors are 'extremely concerned' about US deficits while the risk of China and Japan dumping Treasurys looms large
▼ + stars: | 2023-11-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Foreign bond investors are "extremely concerned" about US deficits, a TD Securities analyst told Insider. The possible dumping of US assets in Japan and China looms large over bond markets. AdvertisementAdvertisementTo be sure, US bond yields retreated sharply over the past week after they hit 17-year highs last month amid a massive bond sell-off. US Treasury demand is hitting another headwind as yields around the world have shot up as well, according to Goldberg. "Europe was at negative interest rates, Japan was at negative interest rates.

Persons: —, Gennadiy Goldberg, It's, Goldberg, that's Organizations: TD, Treasury, Service, TD Securities, Fitch, Treasury Department Locations: Japan, China, Europe, Beijing, Tokyo

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