💰Leaping into our money goals

Happy birthday to anyone turning a year older for the first time since 2020! Leap years are supposed to be lucky (or not, depending on who you ask, but we like our positive affirmations!) and we’re firm believers in putting in the work to make luck work for us.

Good news is that if you follow a few simple steps, you barely have to put in any work to make your money work for you. Get your very own customized step-by-step money plan by telling us a few simple details about your money habits. Get started at milansingh.co/quiz 🚀

- Milan

IN THE KNOW

Fast Food At Surge Prices? 😳

Fast food chain Wendy’s announced this week that, like Uber, they will begin testing out a “dynamic pricing” model at their U.S. outlets starting in 2025. Executed via $20 million digital menu screens, the initiative will offer menu items and discounts depending on fluctuating demand at different times of the day.

When Wendy’s initially made the announcement, people weren’t too happy about it. Dynamic pricing means items could potentially be more expensive at high-demand times like lunch hour. But in a recently released blog article, the franchise assured customers that “any features we may test in the future would be designed to benefit our customers and restaurant crew members”, stating that these dynamic digital menus will help with offering customers discounts and value offers at slower times of the day.

Experts weighing in predict that depending on Wendy’s success, other fast food restaurants could follow suit in the coming years but warned franchises against raising prices, citing the inevitability of displeased customers. So, surge prices at fast food chains - yay or nay? Hit reply to this email and let us know!

How To Use Your Card For A Better Credit Score 💸  

Americans’ collective credit card debt is now in the trillions, an all-time high. But not a lot of people are prioritizing bringing this number down. Owing to high interest rates and the rising cost of living, people are carrying forward an average of almost $8,000 in balances each month.

Putting off paying your credit card bills may seem like an easy way to cut down on expenses but it’s a bad idea for your long term financial goals. If you don’t pay off your balance in full each month, you continue to accumulate interest, driving up the balance on your card even further. Paying higher interest rates also means you’ll now have less money to contribute towards your emergency fund or other savings - double whammy.

If you’re finding it hard to manage your credit card debt, our easy-to-use credit repair tool shows you exactly how much and when to pay the balances on your cards to give your credit score a boost. It also helps you build and fix your score where needed, improving your credit score and overall financial health. Check it out at milansingh.co/smartcredit 

Have You Done Your Taxes Yet? 🤔

Did you know that millionaires and billionaires across America are currently evading more than $150 billion a year in taxes? Neither did we but the IRS is on the case! 

Receiving billions of dollars in funding from Congress, the IRS is actively going after large companies and wealthy individuals who are evading taxes to make sure every taxpayer contributes their fair share. If you haven’t started on your taxes yet, don’t run the risk of the IRS knocking on your door! The key to a successful tax season is starting early and being thorough.

Online tax filing systems, many of them with free versions, are great to aid you through this stressful time. There’s even software offered by the IRS that is completely free if you make less than $73,000 a year. So stop procrastinating and crush this tax season like the star you are!

MONEY MYTH OF THE DAY

“Credit Cards Are Always Bad”

Let's tackle a common misconception that's been lingering far too long – the myth that credit cards are always bad. Credit cards are not the enemy; it's all about how you handle them. First things first, credit cards can be your credit score's best friend. Use them wisely, pay your bills on time, and watch your credit score climb. That score is your ticket to better deals on loans and mortgages.

Now, the real troublemaker is debt. If you're racking up a pile of high-interest debt, that's on you, not the card. Use your credit card responsibly – pay off your balance every month, snag some cashback rewards, and enjoy interest-free periods.

Bottom line: credit cards aren't villains; they're tools. Pick the right one, use it smartly, and let it work for you. Ditch the myth, embrace the truth, and stay financially empowered! 💰

Check out my top credit card recommendations at milansingh.co/credit-cards

VIDEOS YOU MAY HAVE MISSED THIS WEEK

Here are the top videos you loved the most this week. Which one was your favorite?