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Month: May 2024

More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them

More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them

By ADRIANA MORGA (Associated Press)

NEW YORK (AP) — A 35-year-old Brooklyn resident gave up buying new clothes. A 22-year old in San Diego swore off retail therapy at Target. A 26-year old in England banned carbonated drinks from her shopping list.

These three women, who don’t know each other, all started the year resolving to spend money only on necessary purchases, or what is popularly known as engaging in a no-buy challenge. The self-imposed rules of the challenge are simple: participants pledge to stop buying non-essential items, be they unneeded shoes, additional beauty products or other impulse buys for a set amount of time, usually 12 months.

What started several years ago as a blogged-about experiment in budgeting and mindful spending has become a popular trend on social media. A Reddit group where people share their experiences has 51,000 members. The challenge primarily gained popularity on TikTok, where some videos of users seeking to hold themselves accountable get hundreds of thousands of views. read more

Best cities for freelancers and self-employed workers 2024

Best cities for freelancers and self-employed workers 2024

By Rosalie Murphy | NerdWallet

The National Association for the Self-Employed’s membership has grown dramatically over the last few years, says Keith Hall, the group’s president and CEO. And while that growth has slowed since its COVID-era peak in 2022, he thinks flexible work is here to stay.

The boom in self-employment started when “a lot of people had to do it because of COVID. They didn’t choose to do it; they had to do it,” Hall says. “Many others saw and learned and read that you can do this. You don’t need to be tied to the desk in corporate America.”

Below is NerdWallet’s 2024 list of the 10 best U.S. metro areas for freelancers and the self-employed. Our analysis used recent metro-area data from the U.S. Census Bureau and state-level data from the Tax Foundation. The top metro areas are those where a significant percentage of the workforce is self-employed already, rent is relatively affordable, unemployment is low, worker mobility is high and state income taxes are relatively low. read more

5 things to know about Memorial Day, including its evolution and controversies

5 things to know about Memorial Day, including its evolution and controversies

By Ben Finley, Associated Press

NORFOLK, Va. (AP) — Memorial Day is supposed to be about mourning the nation’s fallen service members, but it’s come to anchor the unofficial start of summer and a long weekend of discounts on anything from mattresses to lawn mowers.

But for people such as Manuel Castañeda Jr., the day is very personal. He lost his father, a U.S. Marine who served in Vietnam, in an accident in 1966 in California while his father was training other Marines.

“It isn’t just the specials. It isn’t just the barbecue,” Castañeda told The Associated Press in a discussion about Memorial Day last year.

FILE – A member of the 3rd U.S. Infantry Regiment also known as The Old Guard, places flags in front of each headstone for “Flags-In” at Arlington National Cemetery in Arlington, May 25, 2023, to honor the Nation’s fallen military heroes ahead of Memorial Day. Memorial Day is supposed to be about mourning the nation’s fallen service members. But it’s come to anchor the unofficial start of summer and retail discounts. (AP Photo/Andrew Harnik, file)

Castañeda also served in the Marines and Army National Guard, from which he knew men who died in combat. But he tries not to judge others who spend the holiday differently: “How can I expect them to understand the depth of what I feel when they haven’t experienced anything like that?”

1. WHY IS MEMORIAL DAY CELEBRATED?

It’s a day of reflection and remembrance of those who died while serving in the U.S. military, according to the Congressional Research Service. The holiday is observed in part by the National Moment of Remembrance, which encourages all Americans to pause at 3 p.m. for a moment of silence. read more