💰Dealworthy updates

Things just keep getting more expensive but it turns out there are silent heroes looking out for us all. In this issue of Hack Your Money we explore how the prices of checked baggage are going up, how your grocery bill may finally be going down, and more tips for your tax season. 

Got an opinion on our stories? Hit reply and let us know what you think!

- Milan

IN THE KNOW

Flying Just Got More Expensive 

For the first time since 2018, several airlines are raising the cost of checked bags. JetBlue, Alaska Airlines, and now American Airlines have announced that they will be raising the price of your first checked bag from $30 to $35 if paid online, and to $40 if paid at the airport. Your second checked bag will now cost a whopping $45.

Though the news comes hot on the heels of the industry’s growth to a  ~$33.3 billion trade, airline representatives are defending the move, citing inflationary costs. It also looks like American Airlines is trying to increase applications to their loyalty programs: AAdvantage frequent flyer members and most AAdvantage credit card holders can check in their luggage at no cost. They’re also making it easier to earn AAdvantage miles and loyalty points. Time to start making use of those rewards? We think so. 

If you’re looking for the ideal credit card for travel, check out our top recommendations at milansingh.co/credit-cards. If you have too many credit cards already, make sure you’re maxing out on all your rewards with MaxRewards. Check it out at milansingh.co/maxrewards and use the code “MILAN” when signing up!

Target To The Rescue 

Easing the burden of the skyrocketing costs of living, Target is all set to launch its new budget-friendly brand, Dealworthy, this month. Boasting a range of everyday basics at prices starting from below $1, Target is set to launch 400 items in-store and online, helping vulnerable wallets across the nation. 

The brand aims to give competitors, like dollar stores, a run for their money with their affordable products ranging from shampoo to paper towels to chargers and even underwear. Dealworthy joins Target’s 45 private labels that many customers know and love, all of which offer over 2,000 products at reasonable prices.

Whether your finances are all over the place or you’re looking to take the next step in your money journey, you don’t want to miss out on our new quiz. It takes 3 minutes to complete and gives you a personalized, step-by-step money plan that will help you supercharge your money. Check it out at milansingh.co/quiz

MONEY MYTH OF THE DAY

“Student Loans Are Always Good Debt"

While investing in education is undoubtedly an investment in yourself, labeling all student loans as "good debt" oversimplifies a complex financial landscape. Here's the reality check: not all student loans are created equal. While some may offer favorable terms and low-interest rates, others can become financial burdens. It's crucial to weigh the potential return on investment from your education against the cost of borrowing.

Evaluate the terms of your loans, explore scholarships and grants, and seek cost-effective education options. The goal is to ensure that your pursuit of knowledge doesn't leave you shackled to financial stress. Navigate your educational journey with financial wisdom, and remember, not all debts are necessarily “good”.

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