TessMore Finance Blog

There’s some debate as to whether financial literacy for the extremely poor provides value. I argue that it indeed does, not only in the present, but in the long term, both in improving financial conditions and in breaking the repetitive cycle of poverty. The argument against financial literacy for the extremely poor is that it doesn’t provide value, that it is insufficient to meet the needs of society’s most impoverished. The argument is that financial literacy is for the middle and upper classes, those with financial resources to manage and grow. Let’s look at what is right and not-so-right with this argument. The Argument Against Financial Literacy for the Poor Financial literacy from its roots has aimed for inclusivity. A primary objective of the financial literacy movement is to reduce the socioeconomic gap, which, naturally, is geared toward improving the financial conditions of the poor. You could reduce the socioeconomic gap by reducing the wealth of the middle and upper cl

S uppose I was a recent college graduate passionate about creating content on YouTube . In that case, I might need help finding work in the creator economy. I may have scoured job boards and reached out to YouTubers directly, but I may have always come up empty-handed. You may feel the same way. You may feel like you are spinning your wheels and not getting anywhere. When you see YT Jobs, it will change everything for you. YT Jobs is a new job board for YouTubers seeking freelancers’ help. The platform allows YouTubers to create profiles and post job ads (free for a limited time) for various positions, including video editors, channel managers, and thumbnail designers. In this post, I’ll share my experience with YT Jobs, including creating a profile and posting a job. I’ll also share my thoughts on the platform and the positions available. Features of YT Jobs You can create a profile at YT Jobs, whether a freelancer or a Youtuber / Channel Owner. As a Youtuber, you can then

Investment funds that track the S&P 500 index make up the core holdings in many investment portfolios, and Fidelity’s S&P 500 Index Fund (FXIAX) and Vanguard’s S&P 500 ETF (VOO) are two of the most popular. Of the two, which fund should you choose for your portfolio? The choice isn’t an easy one because the funds are nearly identical. Each one tracks the performance of the S&P 500 index and is part of a major investment fund family, offering incredibly low expense ratios. Meanwhile, the performance differences between the two are practically invisible. Either fund is an excellent choice to represent the S&P 500 portion of your portfolio. Even so, breaking down both funds will help you identify small differences that might make one more attractive than the other. Table of Contents Fidelity S&P 500 Fund vs Vanguard S&P 500 Fund FXIAX vs. VOO: A Head-to-Head Comparison Holdings FXIAX VOO Performance FXIAX vs. VOO: Is One Better than the Other?

D o all these savings account interest rate increases have your head spinning about where to stash your cash? It’s great that we’re finally earning interest on our money again. But rates are changing quickly. It’s hard to know where to save. That’s where the revolutionary savings platform from Raisin, called SaveBetter , comes in. They act as a custodian of your savings and put them into the high-paying savings account of your choice. Don’t worry. I’ll explain more. I’ve been trying SaveBetter, and I’ll share all I know in this comprehensive review. What is SaveBetter? SaveBetter is a savings platform. Not a bank. They partner with different banks and credit unions and their respective savings products (accounts, money markets, and CDs) and allow you to save into these products through their platform. They act as a custodial account for your savings, allowing you to tap into multiple savings products under one account. That’s the point of the service. Get the best savings rate

For most, 2022 was a year of record layoffs, economic uncertainty, and runaway inflation. Yet,  4,000+ people  quit their job in October alone.  What might this mean? For starters, many “survivors” report feeling burnt out from having to  pick up the slack of their ex-teammates. Like them, nobody knows how layoffs (and a looming recession) will affect the workplace. Now, more than ever, it’s important to stay one step ahead of the game. Here’s to go how to quit a job, the right way.  Table of Contents Before Quitting a Job Consider all your options Make sure to give enough notice period How to professionally quit a job Quitting in a negative situation What you need to do after quitting a job Frequently Asked Questions Will I get my paycheck if I quit my job? Can I quit my job without warning? Is it better to quit or be fired? Conclusion Before Quitting a Job Whether you’re seeking a healthier work environment, are ready to pursue your passion, or are generally w

Y o, new business owner! Starting up can be a lot to handle, but trust me, podcasts are a total game changer. They’re typically totally free and easy to find, and you can listen to them anywhere – during your commute, at the gym, or even while doing chores. But the real perk? Podcasts give you the inside scoop on the entrepreneur experience. You’ll hear from people who’ve been in your shoes and learn from their wins and losses. Plus, you’ll get a variety of viewpoints on different biz building aspects, from bootstrapping to growth hacking. It’s like having a personal mentor on call. Another bonus? Podcasts keep you in the loop on the latest trends and tech in your field. It’ll help you stay current and ahead of the game in this fast-paced world. I hosted the Part-Time Money podcast a few years back, but I’m listing more current shows below. Make podcasts a regular part of your routine; they’re a fun and informative way to learn about entrepreneurship. You might even pick up a ti

C ongratulations on starting your own business! Part of running a business is sometimes giving people money; one way to do that is by writing a check. A check is like a unique piece of paper that tells the bank to take money from your business’s account and give it to someone else. I remember writing my first business check like it was yesterday. I felt like a true businessman. What a simple but exciting thing. How Do You Write a Business Check? 1. Fill in the Date First, you must fill in the date on the top right corner of the check. This is important because it tells the bank when you wrote the check and ensures that it can’t be used later. 2. Add the Payee Next, you must write the name of the person or business you want to give the money to. This person or company is called the payee. You write their name on the line “Pay to the Order of.” Be sure to spell their name correctly so the bank knows who to give the money to. 3. Write the Amount (in numbers) Then, you need to

Whenever you own something, you know you’re responsible for maintenance. Whether it’s your car, your house, your pet or your body – maintenance is a necessary component but it also increases lifespan and quality of life. Your money is the same way. It’s something you are responsible for. Your financial system is something that requires maintenance and, at times, repair. We realize this about tangible things but we rarely think about our money in the same way. Your money is a system that requires attention but you need to build it in a way where you aren’t crushed by the work or you’re less likely to do it. Table of Contents What Is Your “Financial System?” Time Wasted Maintaining Your Systems Automate As Much As Possible Keep Your Finances Simple Mistakes Happen, But Only Once Time Wasted Chasing “More” Avoid “Shiny Object” Distractions Your Money Is Best Left Mostly Ignored Don’t Forget to Live Your Life What Is Your “Financial System?” It’s everything you d

Cash App is a convenient app and debit card that lets you make purchases, transfer money, and invest. You can even play online games that pay instantly to Cash App . Before signing up for a service like Cash App, however, it’s important that you know where to reload your Cash App card.  The app offers several ways to load money onto your Cash App card. We’ll share some options in this article. But first, let’s take a closer look into how Cash App works. Table of Contents What Is Cash App?  Cash App Fees Spending/Transfer Limits How Can I Reload My Cash App Card?  Transfer From Your Linked Bank Account Set Up a Recurring Deposit From Your Bank Account Request Money from a Family Member or Friend Set Up a Direct Deposit to Your Cash App Card Refer Friends to Cash App Use Cash App Boosts Make a Cash Deposit at a Participating Store Which Stores Accept Cash App Reloads? Can I Use an ATM to Reload Cash App?   Final Thoughts What Is Cash App?  Cash App is a dig