💰Why aprons are good for your wallet

Happy Monday, Money Makers! This week we’re diving into investing tips for beginners and budgeting tips for non-savers. If you haven’t already, take our free money quiz for all the ways you can make, save, and invest your money better starting today!

- Milan

IN THE STOCKS

• S&P 500 5,505.00 (-0.71%)
• NASDAQ 17,726.94 (-0.81%)
• Dow Jones 40,287.53 (-0.93%)

*Stock data as of closing on July 19th.

THE MONEY BREAKDOWN

“Exchange-Traded Fund (ETF)”

If you’re looking to get into the world of investing, Exchange-Traded Funds (ETFs) are a fantastic investment option for beginners. An ETF is a type of investment fund that trades on stock exchanges, much like individual stocks. ETFs hold a collection of assets such as stocks, bonds, or commodities, offering investors a way to diversify their portfolios without needing to buy each asset individually. Because ETFs trade like stocks, they can be bought and sold throughout the trading day, giving you the flexibility to manage your investments easily.

For those new to investing, ETFs are a great starting point due to their simplicity and diversification benefits. When choosing an ETF, look for ones with low expense ratios to keep your costs down. It's also wise to consider ETFs that track well-known indexes, such as the S&P 500, as they offer broad market exposure. Start small and gradually increase your investments as you become more comfortable with the market. And remember, investing is a long-term game, so stay patient and focused on your financial goals. Learn more about the ins and outs of investing here.

MILAN’S HACK OF THE DAY

Aprons Are Great For Your Wallet

Let's dive into a simple yet effective money hack: cooking meals at home instead of dining out. Preparing your own meals can save you a significant amount of money each month. Restaurant meals often come with a hefty markup, not to mention added costs like tips and delivery fees. By cooking at home, you not only save on these expenses, but you can also use it as a time to bond with housemates, experiment in the kitchen, and finally try that new TikTok trend you saved last year,

Planning and preparing meals at home can also lead to better budgeting. When you buy groceries with a meal plan in mind, you can avoid impulse purchases and reduce food waste. Plus, cooking in batches and using leftovers can stretch your food budget even further. So, start experimenting with new recipes, enjoy the process of cooking, and watch your savings grow while you eat healthier, home-cooked meals! For more budgeting and saving hacks, learn more about our favorite tool here.

VIDEOS YOU MAY HAVE MISSED THIS WEEK

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