There’s numerous monetary support out there to ladies pursuing STEM careers

Women are clearly underrepresented in STEM professions and there are many financial challenges for the few who aspire to scientific, technical, technical or mathematical professions. For this reason, many companies and organizations offer scholarships and other financial support to help bridge this gender gap in these important areas.

Only 1 in 4 employees in computer and math professions and 1 in 6 in architecture and engineering professions are women, they say Labor Statistics Office. In addition, for every dollar a man makes in STEM, a woman makes 14 cents less, according to the Department of Commerce.

“Improved access to higher education opportunities is one of the best strategies for reducing the gender gap in STEM areas,” said Rachel Morford, president of the Society of Women Engineers. “Scholarships help set this positive trend in motion by funding a woman’s access to STEM courses for bachelor, master and doctoral students. Designing projects and pursuing research or internship opportunities – all of these serve to keep women in STEM areas through graduation and beyond. “

Scholarships for women in STEM

There are many grants from organizations, foundations, and companies that are available to women in STEM careers.

The Society of Women Engineers (SWE) is a pioneer in supporting female students with an ABET-accredited (Accreditation Board for Engineering and Technology) undergraduate or graduate program in engineering, engineering and computer science. In addition to supporting students on campus, SWE gave in 2020 260+ new and renewed scholarships female students around the world were worth a total of $ 1 million. SWE makes the application process easy, because with one application students can qualify for all applications that are relevant to them.

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Microsoft conducted a study that found that in 2016 only 7% of women got a college degree in science, technology, engineering, or math, compared to 15% of men. In addition, women tend to take science-based courses instead of engineering, math, or computer-based courses, and are paid less than men. Microsoft offers Scholarships for women pursuing a career in STEAM (science, technology, engineering, arts and math) at college level.

“Access to scholarships can help alleviate some of the pressures women face today in MPOWER Financing’s corporate strategy of providing scholarships to women aspiring to STEM careers. “All of this can help fill the gaps not only for women – but also for those in underrepresented communities.”

Some other scholarships for women pursuing STEM careers include: the BHW Scholarship for Women in STEM, the Virginia Heinlein Memorial Scholarship, the Science Ambassador Scholarship funded by Cards Against Humanity, the ABC Humane Wildlife Women in STEM Academic Scholarship, the Girls Who STEM Scholarship, Adobe Research Women-in-Technology Scholarship, Hyundai Women in Stem Scholarship, and Amazon Future Engineer Scholarship Program.

Scholarships designed specifically for women aspiring to engineering careers include: The Palantir Women in Technology Scholarship, the Lynn G. Bellenger Scholarship, and the UPS Scholarship for Female Students.

The application process

Kaylin Moss, a senior at Marist College studying computer science, applied for hundreds of scholarships she found through databases, social media, or internet research. She won a Generation Google Scholarship.

Kaylin Moss, senior computer science officer at Marist College

Source: Steven Howard

Moss says the “application process was tedious” ̶ she had to answer three essay questions and submit a résumé and certificate. One of her essays was about how she founded the Marist College Chapter of the National Society of Black Engineers, the second of her solutions to many of the challenges underrepresented groups in the tech industry face when pursuing careers in technology, and the third illustrated their financial needs.

Applicants were judged based on their financial needs, commitment to diversity and inclusion, leadership skills, and academic performance.

Some scholarships require essay writing, while others ask for videos or artwork. And the application process is an expenditure of time. Moss recommends focusing on scholarships that best fit your communication method. So if you enjoy writing – go to the essays. If you’re a natural on camera, go to the Scholarships that ask for a video.

An applicant is more likely to win a scholarship if the applicant pool is small. Therefore, in addition to larger national scholarships, students should also apply for smaller, local scholarships to increase their chances of winning.

Olivia Haberberger, Senior Business Information Systems and Accounting Student at the University of Pittsburgh, receives the Pitt Success Grant and the Addison H. Gibson Foundation Grant.

Olivia Haberberger, Senior Business Information Systems and Accounting Student at the University of Pittsburgh

Source: Maddy Haberberger

The Pitt Success Grant was awarded as needed, so Haberberger only had to fill out the FAFSA (free student grant application) and meet a specific benchmark for the cumulative GPA each year. The Addison H. Gibson Foundation scholarship was also awarded as needed. Haberberger wrote a thank you letter to express her gratitude.

Success strategies

Haberberger advises other students to “stand up for yourself” and “think about how much time and energy you need to spend on the application”.

It is important to start your research early and stay organized so as not to miss any deadlines, like this stipendien.com, a website where students can search for scholarships and other financial aid.

The Education Quest Foundation cautions that if you postpone it at the last minute, you can be in a rush and then risk making mistakes with your application. They advise students to always proofread applications to avoid spelling and grammatical errors. And send it in early – sometimes that can make all the difference.

Rachel Morford emphasizes that “research and preparation should be started early!” For example, if you look at everything the Society of Women Engineers has to offer, you will find that there is a main application for scholarships at the organizational level, but some of the local specialist departments also have scholarship programs that you may be questioning for too.

“Talk to your school counselors and counselors, as well as the career center at your college or university, as they are likely to know about the options available,” Morford said.

“Funding is often the biggest obstacle to education, especially for international and DACA students, “Ramani explained.

“If you are interested in a STEM degree, our best advice is to do your research and evaluate the funding opportunities available to you,” said Ramani. “For example, the Society of Women Engineers has a lot of support resources on their website and your university may have resources to share. Funding is usually available; it’s just about accessing and evaluating what’s right for you, when It depends on loan repayment conditions, scholarship requirements, expectations of a dual study program, etc.

MPOWER is trying to remove barriers for students, explained Ramani. “We evaluate a student’s ability to repay their loan based on a unique set of considerations on the credit side. This leads to better results and less postponement or default. On the scholarship side, we evaluate each student’s application based on their accomplishments, goals, and needs . “

Grace Ulmer, an electrical engineering and linguistics student at Purdue University and recipient of The Palantir Women in Technology Scholarship – North America during her junior year, suggests “regularly looking for scholarships to apply and when you find one If you care, put “its date on the calendar!”

Although Ulmer did not find the application process quite as rigorous, she had to answer questions about her grades and courses as well as short essay questions about why she chose her subject and why it is important for women to have these opportunities.

Grace Ulmer, an electrical engineering and linguistics student at Purdue University.

Source: Ryan Villarreal

Ulmer decided to write three short essays about projects she was passionate about and how she could overcome obstacles to complete them. She wrote about her passion for student organizations in which she is involved, including “TEDxPurdueU, which hosts an annual TED conference each year, and PurdueVotes, which focuses on voter engagement and education in our community”.

She would also recommend looking for scholarships that play what you’re good at. For example, there are some scholarships that will accept presentations or videos on any topic that interests you.

“These are great opportunities to show who you are and to give the selection committee the best possible view of you,” said Ulmer.

In addition to doing your own online research and liaising with your school’s career centers and financial aid offices, there are many organizations that can help you successfully launch a career in the STEM field. They offer everything from help with finding scholarships to career development, networking, mentoring, and breaking the barriers for women in STEM. They include:

So don’t let the cost of a STEM education or anything else put you off. Think about what you’d like to do, apply for scholarships, and start networking. There are many people and organizations ready to put you on your way to a successful career in science, technology, engineering, or math.

CNBCs “College votes″ Is a series written by CNBC interns from universities across the country to help them get their college education, manage their own money and start their careers during these extraordinary times. Allison Martin is a two year intern on CNBC’s product and technology team. She is a senior at Virginia Commonwealth University and is pursuing a dual degree in computer science with a focus on data science and psychology with two minor subjects in actuarial mathematics and mathematics. The series is published by Cindy Perman.

Gary Gensler says the SEC will not herald a China-style crypto ban, however Congress might | Forex Information | Monetary and Enterprise Information

SEC chairman Gary Gensler.

  • SEC chairman Gary Gensler said the agency will not impose a China-like crypto ban because that authority rests with Congress.
  • Most tokens could be some form of security, he said at an SEC prudential hearing on Tuesday.
  • Gensler asked questions from a lawmaker who beat him up for “brutally” running over investors.
  • Sign up for our daily newsletter here, 10 things before the opening bell.

Gary Gensler said the Securities and Exchange Commission has no plans to ban cryptocurrencies as the authority actually rests with Congress, adding that most tokens pass the test of being some form of security.

The SEC chair did that Comments at a hearing in the House of Representatives Tuesday after Republican lawmaker asked Ted Budd if the U.S. Securities and Exchange Commission could follow China in imposing a blanket ban on cryptocurrencies.

“No. I mean, that would be a matter for Congress,” said Gensler.

“I think a lot of these tokens pass the tests of being an investment contract or note or other form of security that we bring into the SEC’s investor protection mandate,” he added.

The concern in the crypto world is that the U.S. government may restrict or ban digital assets, much like it did with gold in 1933. Gensler previously said that crypto exchanges must register with the agency because some of their tokens or products could be securities.

The People’s Bank of China Declared crypto transactions illegal Late last month, a move analysts said was in line with the central bank’s stance over the past decade.

“Our approach is really very different,” Gensler told the House Financial Services Committee.

He noted that the SEC is looking into how the industry can best protect investors and consumers, and comply with anti-money laundering and tax compliance laws. It would also be in the Problems that stablecoins could pose, he added.

Gensler’s comments echoed those recently made by Federal Reserve Chairman Jerome Powell, who said the Federal Reserve had no intention of banning cryptocurrencies.

At the same House hearing, Patrick McHenry asked Gensler on the SEC’s stance on digital assets and reprimanded him for being vague about what a digital asset actually is.

“Some of your comments have raised questions in the marketplace and made things less than clear,” said McHenry. “You made seemingly spontaneous remarks that move the markets, you disregarded rule-making by issuing an out of order statement, and you’ve essentially been rude to American investors.”

Gensler said the agency is following the Administrative Procedures Act, which requires a regulator to issue a general notice of the proposed rule.

McHenry asked Gensler if he a. have reviewed Safe Harbor Proposal created by SEC Commissioner Hester Pierce. The proposal aims to give developers of digital networks a three-year grace period to develop a platform with a registration exemption from federal securities laws.

“Commissioner Peirce and I discussed your thoughts on a possible safe haven,” said Gensler. “I think the challenge for the American public is that if we don’t monitor this and put in place investor protection, people will be hurt.”

Continue reading: Altcoins to Buy: These 15 little-known and undervalued tokens could see an ether-style spike due to significant developer interest, according to Bank of America

Ask the Skilled: Cash Issues with Belger Monetary Group

NS. LOUIS, Mon. – In today’s Money Matters Monday, sponsored by Belger Financial Group, we asked the question: Are you ready to retire? We mean, are you really ready to retire? Greg Belger, the president of Belger Financial Group, a local firm focused on preparing people for a successful retirement, helped us understand how many of us can truly know, based on our experience, if we are really ready to move into to retire? We discussed the importance of tax planning, multiple sources of income, and why creating a plan is essential.

For the first five callers with a portfolio of $ 250,000 or more, Greg is offering a free retirement roadmap just for you. This allows Greg and his team to sit down with you in person and ensure that you are on the right path to a successful retirement.

Call 314-798-9955 or learn more at https://belgerfinancialgroup.com/

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ABQ monetary advisor: Ideas for speaking about cash along with your children, preventing in opposition to inflation

Danielle death co

Updated: September 27, 2021 8:51 am

Created: September 27, 2021 8:49 AM


ALBUQUERQUE, NM – Concerns about money is something many of us have experienced before, and rising inflation is making it more common. However, there are ways you can fight inflation and teach your children how to make good financial decisions.

David Hicks of the Oakmont Advisory Group discussed tips on every topic with Danielle Todesco on Monday morning.

How monetary advisors can navigate buyers by means of uncertainty

Marko Geber | DigitalVision | Getty Images

In a world that is rapidly changing and becoming more insecure than ever, the financial advisory industry has a great opportunity to become a beacon of trust for investors by helping them navigate difficult life and financial decisions.

The Covid-19 pandemic, combined with the social and economic changes in recent years, has impacted every aspect of life and changed consumer business expectations. In fact, companies are now more trusted than the government, and according to the latest Edelman confidence poll.

In addition, the pandemic led to a serious assessment of life priorities, which resulted in many changing careers, relocating, giving up corporate life altogether, or opting for early retirement.

More from the FA Playbook:

Here’s a look at other stories that are affecting the financial advisor business.

In many ways, these critical life changes combined with the increased uncertainty and volatility of the economic environment have created renewed need for financial advice.

The financial advisor business is booming as new clients flock in seeking not only financial advice but a trusted advisor to make important life decisions. The opportunity for the financial services industry to regain the trust it lost during the financial crisis and to establish the financial advisor profession both as a valuable source of information and guidance for investors and as a career choice for future generations has never been greater.

However, to take advantage of this opportunity to build long-term trust, companies must now take conscious steps to deepen customer relationships, guide them in the most important life decisions and help them build a financially secure future.

Here are five things consulting firms can do right now to make this happen:

  1. Offer more than just financial advice. Wealth management is no longer just about finances; It’s about helping customers make informed life decisions – especially now with millions of jobs switching during what is known as the “Great Resignation.” In many ways, counselors need to act as life coaches, guiding clients through critical life decisions as they navigate a highly complex world. We are increasingly seeing consultants considering adding psychologists or life coaches to their staff to help clients make these difficult decisions. By being able to speak more than dollars and cents, consultants not only add value, but also show that they really care about their customers.
  2. Build intergenerational relationships. To keep the business long-term, consultants should expand their relationships beyond the main client. Consider planning and attending family reunions to become even more successful with the whole family, especially the next generation of investors and prospects. By focusing on the ongoing dynamics of all members of a client’s inner circle, advisors can create actionable and effective asset management roadmaps. These relationships are now all the more possible to build now that many young adults live at home with their parents.
  3. Communicate, communicate, communicate. It is vital to be visible to customers and prospects with the right message at the right time. Successful consultants take an omni-channel approach that uses both traditional and digital channels to communicate with customers. Regular check-in emails and occasional text messages with useful information, as well as ongoing engagement on social media to meet customers where they are and better understand their concerns and lifestyle, are critical to providing more targeted, meaningful advice .
  4. Become a destination for the entire wealth journey. Consultants should offer solutions that are tailored to the needs of clients in every phase of life. Help early-stage investors starting their careers or who have recently changed their career path by using digital tools, free budgeting and benchmarking solutions so you can build long-term relationships and guide them throughout the wealth journey. Offer high net worth clients solutions that will help them protect and transfer their wealth by giving them access to other business specialists in their “area”.
  5. Be a client advocate. Consultants should take every day as an opportunity to show their clients that they are always paying attention to their interests. For fiduciary advisors, this may seem like an obvious point. However, your legal structure means little to customers unless they feel like you care about their wellbeing. Ask your clients the additional questions, get to know them inside out, understand their life, family, and career concerns, and be their best advocate throughout their lives.

And perhaps most importantly, remember that it takes years to build trust and seconds to break. Treat each customer relationship with the care, respect, and attention it deserves: everyone. Singles. Day.

– By Ben Harrison, Co-Head of Wealth Solutions at BNY Mellon Pershing

4 weeks to monetary health: 28 steps to get your cash into form | Cash

It is the start of a new academic year and while that might not be as associated with resolutions as the day the calendar year ticks over, it is not a bad time to make a few changes. For those who have been meaning to get their finances in shape, here are 28 steps to follow – the idea is that you can do one a day for the next four weeks or take it slower. Some will need follow-up actions but as making a start can often be the hardest part, we have included them.

1) Take any “free” pension contributions your company offers

It may sound dull but it could be the best move you make this year. Many workers have the option to top up their pension pot by making additional voluntary contributions from their pre-taxed income. The best bit is that lots of companies will match at least some of what you pay in, with the best putting in up to 50p for each £1 you invest – a free pension top-up.

For higher rate, 40%-band taxpayers, it means you effectively pay in 60p (£1 minus the tax relief) and get £1.50 paid into your retirement fund. Once it is set up you can usually stop, restart or change the monthly payments as you wish, so if you can afford the reduction in your salary now there is no reason to delay.

Get in touch with your workplace pension provider and start the ball rolling. It will usually ask you to fill in a form to send back. It is currently the most rewarding saving you can do.

2) Check you are getting the broadband speed you are paying for

Does iPlayer keep buffering? Are different family members struggling to use the internet at the same time? You may not be getting the broadband speed you are paying for. Broadbandspeedchecker.co.uk will give you an accurate reading – it is worth running a few tests at different times of the day – and you can compare your scores with what you were promised when you signed your broadband contract. If you were told to expect download speeds of about 34Mbps but you are only getting 4Mbps, then complain to your provider. If the company is unable to get the speed up to something close to what it promised, you have the right to leave penalty-free, although be aware that it is worth spending some time trying to resolve the problem if you are on the BT Openreach network, as things won’t necessarily be better if you switch supplier. Broadbandchoices.co.uk has some good advice on how to proceed and contact details.

You may not be getting the broadband speed you are paying for. Illustration: Spencer Wilson

3) Unpackage your bank account

If you are one of the millions of people who has a paid-for bank account, take an hour to work out whether you are getting your money’s worth. Some accounts, such as Lloyds Platinum, cost £21 a month and typically offer world travel insurance, mobile phone and car breakdown cover – all of which can be bought separately for less than £252 a year.

That’s if you even need the policies at the moment. A foreign holiday may be the last thing on your mind, and your lease car might come with breakdown cover included. Are you really going to claim on your mobile insurance if you have to send the phone away for repair, or pay a £100 excess? Downgrading to a free bank account is as easy as a phone call.

4) Unsubscribe from emails selling you things

Often signing up to a retailer’s email list will get you a discount on your first purchase but after that you will just be getting messages designed to lure you back to spend more money. Go through your inbox and get rid of temptation by clicking unsubscribe. As well as saving you money, it will mean you are more likely to spot the genuinely important messages that arrive.

5) Watch a Citizens Advice TikTok video on credit scores

Find out what a credit score is and why it matters in only 34 seconds on Citizens Advice’s TikTok channel.

6) Switch gas and electricity supplier

If you are on your supplier’s default, standard tariff you could soon be paying £1,277 a year (average usage) after Ofgem increased the price cap. Plenty of households will be able to save at least £200 a year by switching and it takes about 20 minutes. Go to Energyhelpline.com or Uswitch.com, and input your existing supplier and household details. Click on filters, and tick the “show me all the plans available” option and choose one. We would opt for a fixed price plan – Green Energy’s tariffs are currently good. Then it’s just a case of heading to the website and inputting a few details. On the day of the switch – usually a couple of weeks later – you take your meter readings, if required, and that’s it. Just don’t forget to keep a copy of your final readings, and to chase your old supplier for any balance you are owed.

7) Improve your data deal

If you regularly go over your mobile phone contract’s data allowance, you are chucking money away each month unnecessarily as the excess charges can really add up. Moving to the right data plan could easily save you £100-£200 a year depending on how wayward you are currently being. In most cases, it’s a call to your existing supplier to add a pre-bought bundle for a few pounds each month. If you are still paying more than £8 for up to 15GB of data a month you are generally overpaying, and it may be worth switching to a new contract.

Equally, if you are still on pay as you go and your charges have risen in recent months, you will almost certainly better off buying a monthly bundle or a sim-only contract.

Many workers have the option to top up their pension pot. Illustration: Spencer Wilson

8) Check subscriptions, direct debits and standing orders

It may sound trite but an amazing number of people rarely, if ever, check what is leaving their accounts. The Consumer Champions inbox regularly contains letters from readers who have suddenly found that they had two Netflix accounts or were paying to insure a boiler or to subscribe to gym, a theatre membership or music streaming service – payments they thought had been cancelled months, and in some cases years, previously.

If you genuinely did cancel and the overpayments are the company’s fault, the direct debit guarantee can be used, and there is no time limit. Beware recurring bank card payments so beloved of firms that take annual subscription payments.

9) Switch one of your savings accounts to a better rate

Savings rates at the moment are pretty terrible, and if you take a look at the interest rate on your bank-account-linked savings account, you may well find you are getting a paltry 0.01%.

However, it is still possible to get more than 1% with a bit of searching around. The Savingschampion.co.uk website is your new best friend, listing most of the UK’s best buy savings accounts. It currently lists a host of providers paying about 1.3% for one-year fixed-rate savings bonds – with Tandem the top payer at 1.41%.

If you prefer an easy access account, you can currently get 0.65%, again with Tandem, or you can earn between 0.86% and 1% with a notice account.

Sort your finance Gift PigRound up gift cards and spend them. Illustration: Spencer Wilson

10) Dig out unspent gift cards

Instead of thinking you might save them for a treat one day, round them up and spend them – you could buy something that you need and put the value aside in cash to buy something fun with no restriction of where you get it.

Several websites exist that let you sell cards, or you can do so on eBay or local marketplaces. So if you really can’t spend one you could at least raise some cash with it. Alternatively, give them to a worthy cause to raffle or ask a local food bank or charity if it can make use of them.

11) Arrange to write – or update – your will

This is one of those jobs that is easy to find reasons to put off but, ultimately, is not as painful as it sounds. You can do it yourself or you can get help – the latter is generally better if your finances or family set-upare at all complicated. Solicitors are regulated and you can find one via the Law Society’s website – look for “private clients – wills” or ask friends for recommendations.

Some charities offer free will-writing services to encourage people to consider them as beneficiaries. Cancer Research, for instance, offers a free service with a solicitor or online. If you are a member of a union, check if it offers a free or reduced price deal. Make the appointment today and you are over the first hurdle.

12) Find out what your pension invests in

Few of us probably know exactly where the money in our workplace pension or personal pension is invested.

If you are in a company scheme, your pension contributions will be going into an underlying fund. Log into your employer’s intranet or go online and it shouldn’t be hard to find the most recent fund factsheet or investment report for your fund.

This will typically give details of how much of your money is in shares, bonds, property and so on (often called the asset allocation) and the top 10 holdings. The last can sometimes be an eye-opener if you find it stuffed with companies you would rather not have your money invested in, such as oil and mining firms and tobacco giants.

13) Look into making it greener

Many schemes offer an ethical or sustainable fund option and will allow employees to allocate some or all of their money to that.

If you are unhappy with what’s on offer, contact the trustees of your workplace scheme to ask how much of your money is invested in – for example – fossil fuels, if there is a divestment option (where money is moved out of things such as oil, coal and gas companies) and, if not, one can be set up.

14) Read: Ten Pence Story by Simon Armitage

Have a day off from financial admin, and enjoy this by the poet laureate. It’s a reminder of how physical money has lots of roles in our lives – and how quickly that has been changing. Phone boxes are now a thing of the past but pre-match coin tosses have not gone cashless … yet.

15) Rationalise your Isas and other accounts

Are you one of those people who chased the best tax-free rates and now have multiple accounts from different tax years with different banks and building societies? There’s a lot to be said to said for having the money in one account for ease of management. Switching is as easy as filling in a few forms. However, it is essential that you arrange your transfer through your new provider – the company behind the account you want the money moved to. If you simply withdraw the money yourself and seek to reinvest it, your savings could lose their tax-free status as a result.

Not all Isa accounts allow transfers in but most will, and it will be stated prominently in the marketing materials. If you want to invest some of the money in shares, there is no limit on the amount you can transfer from a cash Isa to a stocks and shares Isa.

Do the same with your other accounts: close those with tiny sums and move money to the one with the best interest rate. At the same time have a clear-out of ancient payees you have set up on your main account. We’ve heard stories of scammers defrauding people by transferring money to existing payees. If your list of payees includes people who you haven’t transferred money to for years, delete them, and limit the chance of them being used in a scam to get your cash.

16) Make your passwords stronger

Take some time changing any passwords you have had for years and think could be on the weak side (if you have any on the National Cyber Security Centre’s list of most-hacked passwords make them a priority).

“A good rule of thumb is that a password should be at least three (random) words long, to fully protect against the chance of a ‘brute force’ attack,” says Alex Hern, the Guardian’s UK technology editor. This has superseded advice about using capital letters, etc because that produced passwords that people couldn’t remember, which meant they reused them. Not all banks have caught up, though, so you may still be asked for something in that format.

“Even more important than making passwords stronger is not reusing them,” Hern says. “Use the password manager built into your browser, like Chrome or Safari, or download a third-party one like 1Password or LastPass, and make sure that every password you use is unique. Otherwise, if one site gets hacked, you can lose stuff from unrelated sites.”

17) Reclaim credit from your electricity and gas bills

If you pay your energy bills by direct debit you may have a tidy sum sitting on account with your gas and electricity provider(s) – in 2018 the energy regulator, Ofgem, found £1.4bn of surplus payments was being held, the equivalent of £65 a household. The money is typically built up in the summer months when your direct debit remains the same as during the winter but you use less fuel. Ofgem has plans to force energy companies to automatically return the cash, which could come into effect next year. But in the meantime you can request a repayment. Bear in mind that you may want to keep some with the provider if you think you will need it to cover winter bills. But if a large sum has accrued, get it back.

18) Switch credit cards

Had the same credit card for years? It may be possible to get a better deal on your borrowing.

If you pay off your balance each month, look out for a card offering cashback or other rewards. According to Andrew Hagger of Moneycomms, the best deals are the store specific credit cards such as Sainsbury’s Nectar, Tesco Bank, M&S (Shopping Plus) and the John Lewis Partnership card. He gives the example of the rewards possible with the John Lewis Partnership card, which offers 1.25% back in vouchers when you spend in its shops. Say you are planning to buy furniture there and you spend £2,500, then do your main shopping in Waitrose and spend £300 a month all year, after 12 months you’ll have earned £76.25 in rewards vouchers.

Hagger says if you are struggling to clear your balance these days, switching it to a card offering 0% interest “is a savvy move”. When you transfer existing borrowing to one of these cards, it stops accruing interest for a set period. This means you can stop your debt growing and make bigger inroads with your monthly repayments. You can currently get up to 29 months interest-free with Sainsbury’s Bank and M&S Bank – charging one-off balance transfer fees of 2% and 2.75% respectively, while NatWest has an 18-month 0% deal with no balance transfer fee.

All of the big comparison sites offer search tools.

Sort your finance Radio pigIt’s worth tuning in early to Radio 5’s Wake Up to Money. Illustration: Spencer Wilson

The BBC’s daily finance show is a great way to get up to speed on the events, big and small, that may have an impact on your wallet. You can listen live from 5am on Radio 5 or catch up with the podcast version.

20) Check your tax code

Having the wrong tax code will result in you paying either too much or too little to HMRC. You should get a paper coding notice each year, and you can log in to the government website at any time to check it. Or grab your payslip, P60 or pension advice slip and check the row of numbers followed by a letter. The most common tax code is currently 1257L, which means you get the standard personal allowance of £12,570 before you start paying tax, but your code may have been adjusted to take into account allowances such as gift aid on regular charitable donations or deductions to cover perks such as medical insurance. The coding notice will show you how it is worked out. If there are mistakes, or your circumstances have changed, you should notify HMRC online or by phone.

21) Put your loyalty cards on your phone

Reduce the bulk of your wallet without missing out on earning points by putting your loyalty cards on your phone. Most of the big retailers, including Boots, Tesco and Sainsbury’s, have apps you can download and use to collect and spend with their schemes. Nectar says its cardholders can earn up to three times more points using its app than by carrying around the plastic version.

22) Make your charitable giving more tax-efficient

Donating via gift aid means the charities you support can claim an extra 25p for every £1 you give without it costing you any extra. You need to make a gift aid declaration for the charity to claim – some charities have an online form you can fill in, some have one on their website to download and send off, but you may need to call any smaller ones to request a form.

If you are a higher-rate taxpayer, you can claim the difference between the basic rate and the rate you pay via your tax return – if you donate £100 to a charity and it claims gift aid to make your donation £125, you can claim back £25 (20% of £125). Keep a note of your donations and, when you have a moment, go through your emails and paperwork to check you have a record of ones that you’ve made in the past.

23) Go over your insurance policy details

Grab the documents that go with your policies for your car, house and so on, and check the details on them are correct and you have the cover you think you are paying for. If you have simply renewed a policy for several years you may find your circumstances have changed and you are paying for cover you no longer want or need to update your insurer about a career switch or change in how you use your home or car. Some of these things may lead to more expensive premiums but there may be ways to cut cover and costs – and by making sure the facts on the policy are correct, you can remove the chance of a claim being invalidated in future.

24) Get a pension forecast

Find out if you are on track to get the full state pension – and, if not, what you can do about it – on the government’s website. You will need to have or create a Government Gateway or Verify account but once you have logged in you will get a forecast of how much you will receive each week (at current pension rates) and information on whether you can increase the figure and how.

25) Check your credit score

The three main UK credit reference agencies are Experian, Equifax and TransUnion. They don’t decide whether you get credit – that’s up to lenders – but the data they hold will have a major impact on how you are viewed and the deals you’ll be offered when you apply for any kind of borrowing.

The agencies typically offer several ways, free and paid-for, to check your credit record or score. You can go on to each agency’s website and request a free copy of your “statutory credit report”.

This won’t give you your credit score but the good news is that it is obtainable for free. MoneySavingExpert’s Credit Club lets you access your Experian score. Meanwhile, sign up to a site called ClearScore and it will give you a score based on information provided by Equifax. And subscribing to Credit Karma lets you see your TransUnion score.

Sort your finance passport pigIt’s vital to check whether your passport is valid for travel before departure. Illustration: Spencer Wilson

26) Check when your burgundy passport expires

Not financial, but it will prevent you losing money on a trip you can’t take. Since the start of the year, UK travellers to Europe have been treated like other non-EU visitors and need to have a passport that is less than 10 years old when they travel. This means that if the expiry date isn’t the same as the 10th anniversary of the date that the passport was issued – and this can easily be the case if you renewed your last one in good time – you could get into difficulties. To travel to most EU countries you also need at least three months in hand, too. So if, for example, your passport was issued in December 2011 but says it expires in February 2022 you will need to get a new one for any trip after September.

“It’s crucial that you check whether your passport is valid for travel ahead of departure as meeting country entry requirements is the responsibility of the traveller, and if your passport is not valid you won’t be able to board the plane or claim a refund,” says the editor of Which? Travel, Rory Boland.

27) Find out if you could be claiming any benefits

If you have recently wed, or have been married for some time but one of you has retired or seen a drop in income in recent months, you may have become entitled to the government’s marriage allowance, worth up to £252 this tax year. Or maybe you are claiming the state pension but now need help around your home – this is something attendance allowance might cover. The website Entitledto.co.uk will show you what benefits you might be able to claim – you just need to answer questions about your circumstances. Charities such as Citizens Advice or Turn2us can offer you help through a claim if you need it.

28) Draw up a budget

Sorry, but we couldn’t leave this out. Even if you don’t need to keep a close eye on your spending, it pays to know what’s coming in and going out each month – it makes it easier to spot an untoward change in your bank balance or missed payment, and is a good starting point if you are thinking of buying any kind of insurance to protect your income or life. A simple spreadsheet with an income and bills column might be enough or there are apps you can link to your bank accounts to provide an analysis of where your money is being spent and use to set savings targets. Bring together your statements and bills to draw up the former or try an app such as Money Dashboard or Emma, which have free budgeting services.

‘Placing their cash the place their mouth is’: This is what three analysts should say about Coinbase’s choice so as to add $500 million of crypto to its stability sheet | Foreign money Information | Monetary and Enterprise Information

Coinbase Co-Founder and CEO Brian Armstrong

Coin base announced on Thursday that it was Add $ 500 million in cryptocurrency to its balance sheet while at the same time 10% of its quarterly net income is allocated to a portfolio of crypto assets. Insider gathered insights from three Coinbase analysts to help understand the move.

“I like that they put their money where their lips are,” said Mizuho analyst Dan Dolev.

He told Insiders that Coinbase is still heavily fiat money for a company with crypto headquarters for its business. This move changes that, although Dolev would like the exchange to go a step further and charge customer transaction fees in crypto rather than dollars.

“That would signal even more commitment to the cryptocurrency,” said Dolev.

Coinbase CFO Alesia Haas admitted that the majority of Coinbase’s financial transactions – like paying sellers and employees or investing company money – on a Friday are “heavily weighted” in fiat blog entry. But she said Coinbase wants to lead by example by enabling the adoption and use of crypto, and that investment is a step towards that goal.

“We believe that more and more companies will keep crypto assets on their balance sheets in the future,” said Haas. “We hope that by incorporating more crypto assets into our own corporate financial practices, we can take another step towards a more open crypto economy.”

Chris Kuiper, a CFRA stock research analyst, reiterated Dolev’s comment that the announcement shows Coinbase’s commitment to the cryptocurrency industry. Kupier maintained his “Buy” rating on Coinbase after it was announced that he was broadly positive on the stock.

However, adding crypto to Coinbase’s balance sheet adds an additional layer of risk as the company’s share price is already tied to the price and trading activity of Bitcoin, Chris Brendler, senior research analyst at DA Davidson, told Insider. The Coinbase share often moves in parallel with the Bitcoin price.

“That won’t necessarily make or destroy the company,” Brendler told Insider. “But it’s certainly a little scary when you put money into one of those commodities that you’re already pretty closely connected with.”

Part of this risk is offset by a cash balance of $ 4 billion that Coinbase is building in anticipation of a “crypto winter” and possible regulatory action, said Kupier.

Brendler added that since Coinbase is so tied to crypto, Coinbase will need to have more cash than other high-growth non-crypto companies in case there is a “crypto winter” or a prolonged period of low crypto prices and activity.

From auto mechanic to cash adviser: How one monetary planner shifted into a brand new gear

At 15, Dan Murphy took a job in a body shop. For almost a decade he worked as a mechanic with no long-term career plan. Within a few years he was married and had two children. It was then that he realized: “I don’t want to be a mechanic for the rest of my life.”

Ambitious by nature, Murphy attended engineering school to improve his body repair skills. He also qualified for special training in repairing Toyota and BMW vehicles.

But at 23, Murphy made a life-changing decision to reinvent himself as a financial planner. In high school, he had enjoyed a stock picking game that a teacher used to introduce students to the stock market. After receiving an inheritance at 18, he enjoyed researching how to invest it.

“I made a commitment,” said Murphy, now an independent consultant in Shoreview, Minn. “I thought, ‘I’ll do that at all costs.'”

Murphy spent the next four years studying personal finance and improving his sales skills. To improve his résumé, he quit working as a mechanic and took a job as a sales manager at a tool dealer.

Meanwhile, he listened to motivational speaker Zig Ziglar’s tapes to learn how to think and act like a top salesman. “You can have anything in life that you want, if you only help enough other people to get what they want,” explained Ziglar. Murphy loved that.

However, despite his positive attitude, Murphy ran into roadblocks. At a major investment firm, the hiring manager heard Murphy’s story, giggled, and showed him the door. He applied unsuccessfully for a few other financial planning jobs. “I’ve spent four years hoping and praying that someone would give me a chance,” Murphy said. “And when someone did it, it changed my life completely.”

Murphy’s entry into the business took place in stages. In his first interview at an Ameriprise Financial branch, the interviewer asked, “How many people do you know who have to invest $ 50,000?” And “How many people do you know who have to invest $ 5,000 a month?”

“I have no high net worth friends,” Murphy replied.

The Ameriprise interviewer suggested applying to the company’s call center that served high net worth clients. During that interview, Murphy was asked experiential questions such as, “Tell me about a time you managed a portfolio.”

“I couldn’t answer those questions because I didn’t have this experience,” Murphy said. “But before I left, I got honest. I said, ‘Look, I don’t have the background that you want. But I’m the kind of person you want If you are looking for someone who surpasses everyone else, then this is me. “

He got the job. It paid $ 30,000 a year plus commission.

For the next six years, Murphy took customer calls and helped resolve their financial concerns. Eventually he moved to an independent broker-dealer and then joined an RIA firm. He is in the process of starting his own company Greater Good Financial, of which he donates 20% of sales to charitable organizations.

“That’s my way of saying, ‘I’m not in for the money,'” he said. “I hope to build trust this way. And I choose charities that give others the opportunity to invest in themselves, as I’ve been looking for in the four years I’ve tried to get into the industry. ”

While Murphy has earned two job titles (Chartered Life Underwriter and Chartered Retirement Planning Counselor), ideally he would like to add the most popular one: Certified Financial Planner. But he cannot because the CFP Board of Directors requires a bachelor’s degree or higher to be awarded the title.

“I’ve lost occasionally [a prospect] who asks if I am a CFP, ”he said. “I say no because I don’t have a college degree. I understand the need for a box that people can fit in. But I would change the CFP rules to make them more experience-based. “

In his early years at Ameriprise, Murphy saw many young consultants fail. As fresh college graduates, they thought they’d learn the ropes and make $ 80,000 or more.

“I’ve seen so many of them fail,” Murphy said. “They had financial degrees and some had an MBA. But it’s tough business. It’s a lot of stress. And it really is a sales job. It takes human skills to be successful. “

More: Do You Really Need A Financial Advisor? Take this six question test to find out.

Plus: Negotiating a claim with your insurance company is no fun. This is how advisors negotiate their way to higher payouts

Love and Cash: Specialists weigh in on monetary planning for {couples}

LAS VEGAS (KLAS) – Almost one in five couples say money is the biggest challenge in their relationship, and more than half disagree on how much savings they need to meet their retirement goals.

With so many couples getting married this year after a long year of pandemic proposals and postponed weddings, Fidelity Investments is reminding couples to start “forever” on the right financial footing.

According to the Fidelitys Couples and Money Study 2021, 57% of couples say they are joint decision makers for retirement, but more than half of all couples disagree on how much it takes to meet retirement goals.

The study also shows that women need to be more involved in financial matters.

Stacey Watson, Senior Vice President of Life Events at Fidelity Investments, said, “One in five women says they have little to no retirement benefit, so our message is: Delegating is fine, but don’t be without it.”

Watson adds, “Staying involved in financial decisions … really helps both partners look to the future with confidence.”

The bottom line, she says, is making money a team sport in your relationship by picking a weekly financial appointment to discuss finances.

Watson also reminds couples to save their money as early as possible in the relationship.

Find more tips and tools for navigating a wide variety of life events here. here.

Japan Sees Cryptocurrency Sellers as A part of Anti-Cash Laundering Plan, Prime Monetary Regulator Says

Japan’s leading financial regulator said its planned anti-money laundering platform could include cryptocurrency traders, who it believes have the same obligation as traditional financial institutions to ensure they don’t deal with criminals.

The Financial Services Agency has announced that it will create a common industry-wide system that financial companies can use to assess whether their customers are terrorists and whether customer accounts are at risk of money laundering.

“Insofar as they are prohibited from trading with sanctioned people, cryptocurrency dealers are the same as banks,” said FSA chief Junichi Nakajima in an interview with the Wall Street Journal.

“Because we have the same list of international terrorists, it would be cheaper and more accurate if we create a common system instead of doing it from individual financial firms,” ​​said Nakajima, who took up his post in July.

Mr Nakajima said his agency expects to have a plan for the new platform by the middle of next year.