💰May the money be with you

It’s the first Monday of May and we’re about to use any excuse to start making more money. So take this as a sign to invest, save, and manage your money better. As always, we come to you with the best tools and resources to help you achieve this and so much more so read on to start supercharging your money!

- Milan

IN THE STOCKS

• S&P 500 5,127.79 (1.26%)
• NASDAQ 16,156.33 (1.99%)
• Dow Jones 38,675.68 (1.18%)

*Stock data as of closing on May 3rd.

THE MONEY BREAKDOWN

“White Collar Recession”

The number of people complaining about not being able to land a job seems contradictory to the increasing number of vacancies these days. This week, Business Insider broke down exactly why we’re seeing an overall increase in available jobs yet a decrease in people actually getting those jobs, thanks to a report by Vanguard. 

The explanation? Though the hiring rate for blue-collar jobs (workers making less than $55,000 a year) has significantly increased, white-collar workers (those making more than $96,000 annually) are only being hired at a 0.5% rate. Experts anticipate that this could soon become a problem for the wider economy, as higher pay is starting to mean a smaller job market.

Regardless of external factors, a healthy emergency fund can help you weather the tough times and putting it away in a high-yield savings account can help you reach your savings goals faster. If you’re not sure where to start, we’ve got you covered.

MILAN’S HACK OF THE DAY

Utilize Tools and Apps to Manage Your Money

Here's a game-changer: harnessing the power of financial tools and apps to master your money. Gone are the days of paper receipts—now, with just a few taps on your smartphone, you can effortlessly track expenses, set budgets, and monitor your financial health. Start by exploring budgeting apps like Credit Karma or Empower, which sync with your accounts to provide a comprehensive overview of your finances. These tools categorize spending, analyze trends, and even offer personalized insights to help you make smarter money moves. Plus, they're free, making financial management accessible to everyone, regardless of budget or experience level.

But wait, there's more! Beyond budgeting, free financial tools can help you tackle everything from investing to saving for retirement. Robo-advisors like Wealthfront and Betterment offer automated investment management at a fraction of the cost of traditional advisors, allowing you to build a diversified portfolio tailored to your goals and risk tolerance. Meanwhile, our Ultimate Budget Planner helps you save more and get rid of debt permanently. With these tools at your fingertips, taking control of your financial future has never been easier—or more affordable. So, let's embrace the power of technology and watch our wallets grow!

VIDEOS YOU MAY HAVE MISSED THIS WEEK 

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