TessMore Finance Blog

Social media isn’t just for cute pet pictures and vacation videos. It’s where many investors — especially young ones — get advice about the markets. From trading stock tips on Twitter to speculating about crypto on Reddit, online platforms influence how we invest our money. The Penny Hoarder polled nearly 2,000 investment app users in December 2021, and 44% of respondents get investment advice from Facebook. YouTube is also a platform of choice for 44% of respondents. The survey highlighted other behavioral trends among investment app users, who are dabbling in meme stocks and taking investment tips from celebrities. Which Social Platforms Do Americans Turn to for Investing Advice? Investment app users of all ages rely on social media to make investing decisions — but the specific platforms they use vary by age group. TikTok, YouTube and Instagram are the most popular social media sites for investment advice among young survey respondents. Nearly half of respondents aged 18-24 sa

If you think you need lots of money to invest, think again. Investment apps, which typically offer commission-free trades and have little or no minimum investment, have ushered in a new era that makes investing small amounts of cash viable. The Penny Hoarder recently surveyed nearly 2,000 people in the U.S. who regularly use investment apps and found that most users are investing relatively small amounts. Nearly 70% have bought stocks for $5 or less. People ages 35-44 were the most likely age group to buy cheap stocks, with nearly 75% reporting they had bought stocks for $5 or less. How Can You Invest With Just $5? Investors who want to invest a small amount of money have more options than ever. If you’re seeking to invest a few bucks using an app, you could: Buy Penny Stocks Traditionally, a stock that traded for less than $5 was known as a penny stock . Many trade for $1 or less. Penny stocks look appealing because they trade at rock-bottom prices, but they’re incredibly risky

Investment apps are giving people more ways than ever before to buy and sell cryptocurrency. Traders in the past were limited to crypto exchanges, like Gemini and BiNance, which feature complex registration and transaction processes that can be intimidating to newcomers. Apps such as Robinhood, SoFi, Webull, Public and others have simplified the process for retail consumers. These apps act as crypto brokers, placing digital coin orders directly with exchanges on the user’s behalf. Now, investors can dabble in crypto in the same app they use to buy more traditional assets like stocks and ETFs. New to the game: 66% of investment app users got started since 2020 . Investment App Users Eye Crypto’s Big Paydays Volatility is a trademark of cryptocurrency. Yet a majority of investment app users accept those roller-coaster price fluctuations in exchange for high potential payoffs. The Penny Hoarder polled nearly 2,000 investment app users in December 2021, and over half of respondents

The fintech revolution is here and investment apps are leading the charge.  Robinhood, Acorns, Betterment and other apps have simplified the investment process for everyday Americans by removing once-common barriers to access, like complex jargon and high trading fees.  Investment apps shook up the archaic financial landscape by giving people user-friendly platforms to access the stock market with as little as $5.  Then came the COVID-19 pandemic, which coincided with economic worries, stimulus checks and growing interest in investing apps and cryptocurrency. This proved to be a perfect environment for app use to accelerate — especially among new and young investors. In a new survey of nearly 2,000 Americans conducted by The Penny Hoarder, 66% of respondents only began using an investment app in 2020 or 2021, and two out of three said the pandemic led them to become more serious users.  The Penny Hoarder’s survey found more striking findings about investment app users, who are get

Last year, the costs of new and used cars increased due to computer chip shortages, low inventory and increased demand. We also saw gas prices rise and rental car rates soar. You’ve likely felt the financial pinch. Still, we were able to come away from the year learning how to better navigate these expenses. Here are our top stories to help drivers save money on auto expenses in 2022 and beyond. 9 Ways to Save Money on Auto Expenses Take these tips to help you cut down the costs of buying — or just driving — a car. 1. Learn to Buy a Car Without Haggling For many people, the worst part of the car-buying experience is trying to haggle with the salesperson for a better price. Negotiating is an art not everyone has mastered. However, there are other approaches you can take at the dealership that can still score you sweet savings. A former car sales manager explains how to buy a car without haggling in this article . 2. Decide Whether Buying or Leasing Is Best for You Rising price

If you don’t know the drill yourself, you’ve probably seen a loved one experience it: Weeks after a medical procedure, you’re blindsided with a bill much higher than anything you were anticipating.  Sometimes this is due to a procedure not being covered by your insurance plan, and other times it’s because your medical provider is out of network. Whatever the reason, it is a terrible feeling to be hit with a bill you can’t afford. Thankfully, there are strategies that can be implemented that remove the uncertainty surrounding your treatment. This is especially important for the 28 million people in the United States who do not have health insurance. Regardless of your health care coverage, you can take control of the situation by learning how to negotiate medical bills. 1. Negotiate Ahead of Your Procedures Medical emergencies are bound to arise, which can take planning for medical bills out of the equation. Planned procedures, however, provide a unique opportunity to negotiate with

Selling yourself and your skills to an employer can be difficult, especially when you don’t have enough experience under your belt. Whether you’re writing a first job resume or struggling to find a job out of college , this guide will go over everything you need to include in your resume, even if you think you don’t have much to include at all. Keep reading to find out what you can learn from successful people’s first job resumes and download our free first job resume template to help get yours started. What to Include in Your First Job Resume Keep your resume simple and easy to read while still providing the most relevant information the employer will need. It’s advisable to keep it short and easy to understand. Since most employers receive many resumes in a day, they won’t have time to read over pages and pages of content—in fact, hiring managers spend an average of only six to eight seconds looking at each resume. Most first job resumes should include these sections: Conta

Using an automated teller machine, or ATM, is a common part of personal finance for most Americans. You can use an ATM to deposit and withdraw cash at your bank or credit union, as well as transfer money between accounts and check on your account balance. If you’re new to using ATMs or are worried about doing so safely, review our step-by-step guide to deposit and withdraw cash at an ATM. How to Use an ATM: Step-By-Step Guide To use an ATM: 1. Insert Your Debit Card If you don’t have a debit card for your checking account, your bank likely provided you with an ATM card. ATM cards are also common if you have a savings account without an associated checking account or maybe be attached to accounts at credit unions, including money markets. You can also use a credit card at an ATM, but this qualifies as a “cash advance” and is very expensive. Fees can surpass $8 or 3% of the total transaction. Only use a credit card at an ATM when you have no other option. If you have a debit card