Joe Biden and ActBlue rake in big money in May

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Joe Biden’s campaign announced Monday they raised $80.8 million in May along with the Democratic National Committee and joint fundraising committee. CBS News political unit associate producer Sarah Ewall-Wice reports that it’s the most the presumptive Democratic presidential nominee has raised to date during the 2020 presidential election cycle. According to the campaign, more than half of the donors last month were new contributors, signaling a surge in grassroots momentum, with more than 1.5 million new supporters joining the campaign in the last few weeks. The campaign also said the number of online donors has tripled since February. The average online donation in May was $30 and educators continue to be listed as the largest occupation group for donors. 

“I’m humbled and honored that you have put your trust in me as your presumptive Democratic nominee. And I’m incredibly honored by the support I’ve received from you all,” Biden wrote

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31 Hidden Ways You’re Bleeding Money Every Month

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There are some expenses you plan for every month — your rent or mortgage, utilities, your cellphone bill, etc. — but there are also a lot of hidden expenses you’re paying for regularly that you might not be aware of. These little costs could quickly add up, whittling away at your hard-earned paycheck.

Uncover the hidden ways you’re losing money every month, so you can start making moves to stop the bleeding.

Last updated: June 15, 2020

Not Tracking Your Spending

You should be able to account for every dollar you spend. Keep track of your spending with a budgeting app, spreadsheet or even a notebook. Simply recording what you’re spending money on will make it easier to spot any hidden expenses.

Paying Checking Account Fees

Some banks charge monthly fees or service charges for their checking accounts. Those fees could end up costing you over $100 a year —

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3 College Students Raise Money To Help Black Atlanta Businesses

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ATLANTA, GA — Many small businesses in Atlanta have been affected by the coronavirus pandemic. They were forced to temporarily close in March, until Gov. Brian Kemp announced that businesses and restaurants could resume operations in late April.

For some, reopening wasn’t an option. They had lost so much already. As those businesses who could reopen began to do so, a movement for justice rippled through the country after the death of George Floyd on May 25 in police custody in Minnesota. His death — along with the deaths of Ahmaud Arbery in coastal Georgia, Breonna Taylor in Louisville, Kentucky, and other African Americans — sparked demands to end police brutality and racism in America.

Here in Atlanta, protests have taken place daily, for over two weeks. Although many have been peaceful, there were instances where some protesters vandalized and stole from local businesses, according to police. With so many

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Can’t Make Money Right Now? Free Up Cash in Your Budget

frank lamjus

You’re not the only one with a tight budget. Millions of Americans are currently struggling with unemployment, lost hours and lowered wages.

There’s little comfort in knowing that others are feeling strapped. But you may be relieved to hear there are ways to make things easier — even if you’re out of work or can’t make more money.

We talked to financial experts for advice about getting more mileage out of the money you have available right now. Here are their tips for finding extra money in your monthly budget.

Go line by line

Depending on where you live, you’re probably spending a lot of time at home these days. Devote at least some of the free time to analyzing your finances.

Go over every single transaction in your checking account, savings account, credit card bills and so forth, says Robinson Crawford, certified financial planner and founder of the adviser

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Big money may soon be chasing the ‘Robinhood’ investor: Morning Brief

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Monday, June 15, 2020

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Institutional investors are underexposed to the stock market

One of the most fascinating stories in finance right now is the explosion of retail investors riding the stock market’s current three-month long rally higher.

“The global pandemic brought retail investors back into the equity market after being largely absent for a decade,” Deutsche Bank strategist Binky Chadha wrote last week.

“They were important buyers of the correction in equities.”

The phenomenon has caught the attention of more Wall Street experts, who are split on whether or not this ‘Robinhood’ class of investors is fueling the rally. However, they do seem to agree on one thing: as the retail class has been cleaning up, the big institutional money has largely been missing out.

“Institutional investor positioning in equities by contrast

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Can’t make money right now? Free up cash in your budget

frank lamjus

You’re not the only one with a tight budget. Millions of Americans are currently struggling with unemployment, lost hours and lowered wages.

There’s little comfort in knowing that others are feeling strapped. But you may be relieved to hear there are ways to make things easier — even if you’re out of work or can’t make more money.

We talked to financial experts for advice about getting more mileage out of the money you have available right now. Here are their tips for finding extra money in your monthly budget.

GO LINE BY LINE

Depending on where you live, you’re probably spending a lot of time at home these days. Devote at least some of the free time to analyzing your finances.

Go over every single transaction in your checking account, savings account, credit card bills and so forth, says Robinson Crawford, certified financial planner and founder of the adviser

Read More

Unemployed because of coronavirus? How to make money from home right away

frank lamjus

If you know your way around a sewing machine, can quick-fix a washer/dryer, fridge, boat or car, have an eye for antiques or possess some other random – even quirky – expertise, you could make tens of thousands of dollars working from home within the next month or two. True story. 

Unemployment rates are at the highest peak in decades, and 1 of 6 people in America are out of work. Families are trying to figure out how to survive the pandemic and look for a new job. Here’s something very few of the newly unemployed realize: There’s work out there. A lot of it. And it might be just a few clicks away. 

Shopping reinvented: America’s stores, malls reopen with masks, curbside pickup and closed fitting rooms

Wearables as first line of defense? Tests expand on whether Fitbit, Apple Watch could predict coronavirus

In-demand experts earn as much as

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BUILT BY GIRLS: Top 5 money myths debunked for the class of 2020

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At a time when only online commencements are taking place, Cashay sister site BUILT BY GIRLS is giving its financial advice for the class of 2020. Through honest conversations, the team also debunks common money myths to ease the worries of recent graduates.

“I didn’t really start making money moves until well into my post-grad life. I waffled a bit when it came to getting my personal finances in order, let alone student loans, retirement savings, or anything else,” said Danya Sherbini, the community and programs lead at BUILT BY GIRLS. “And now it feels like I’m catching up when I see some of my peers doing really adult things like buying a house.”

While Sherbini can’t change her past, she hopes her experience will inspire new graduates to be more proactive earlier in their adult lives.

“I always thought I could just be young for now and the adulting

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Work on commission? What if you work in two states, how are the extra $600 applied? Your COVID-19 money questions, answered

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It’s hard out there. And, in this time of uncertainty, USA TODAY is working to find answers to your money questions – anything from stimulus checks or unemployment benefits to your 401(k) or retirement plans. You can submit your questions here and read earlier answers below.

We will be updating the Q&A, so check back often. But, also look to these places:

You should. The Pandemic Unemployment Assistance program allows a much larger pool of workers to get jobless benefits when their work is affected by the virus. Check online with your state’s unemployment office to get more clarity.

The $600 is in addition to the amount determined under state law, according to the CARES Act. This means you can calculate what you are eligible to receive by any state and add on the $600. It doesn’t say it is per claim or per state, says Toby Mathis, a partner … Read More

100 Ways To Make Your Money Last Until You’re 100

frank lamjus

The average American is expected to live to 79, which means that many people are living even longer. And when it comes to planning for retirement, it’s always better to be safe than sorry — which means it’s best to start making small (and large) changes now to make sure your money can last three decades or more in retirement, especially given that the future of Social Security is unclear and some believe that Social Security running out is a real possibility in our lifetimes.

To get advice on how to make your money work for you, save more, spend less and get financially ready for retirement, here are 100 tips for how to make your money last.

This first step to ensure you won’t be running out of money in retirement is to have a realistic sense of how much you’ll actually need.

You can use online calculators to … Read More