Amazon Prime started out as the online shopping giant's two-day free shipping service. Now the $100 a year subscription ($50 a year for students) has expanded well beyond that. Customers still get two-day free shipping, but the package includes so much more. It really is the best deal you'll find anywhere.
First, you get free two-day shipping. If you order regularly from Amazon or hate waiting for your packages, this is already a great perk. If not, it's just the icing on the cake.
Second, you get access to all kinds of media hosted on Amazon — including Prime Video and Prime Music. Prime Video is a streaming service similar to Netflix. Their catalog is slightly different from other services, but it still offers a wide range of shows and movies. Amazon even has their own award-winning original programs. If that's not enough, you can rent or purchase new releases right from your account. Prime Music is Amazon's answer to Spotify. There is a limited catalog available to Prime subscribers, but customers can also upgrade to Prime Music Unlimited for $8 a month. (Non-Prime members would pay $10 a month.)
Third, you get unlimited cloud storage for all of your photos. By downloading the Prime Photos app, you can back up all of your pictures and videos. And then clear up much needed space on your phone. The photos are stored safely in the cloud forever. You can browse through them with the app and re-download anything you want.
Fourth, you get the Prime Reading library. This is a limited selection of ebooks and magazines that any Prime member can read for free. You can check out different titles indefinitely with no due dates. These titles can be read on any Kindle device or in the Kindle app. If you want more selection, you can subscribe to Kindle Unlimited for $10 a month. This service lets you read all the ebooks and audiobooks you want. Additionally, Prime members get early access to new Kindle releases at the beginning of each month. Kindle First allows members to purchase one of six new release Kindle books for free. That's 12 free books a year.
Fifth, members can order groceries online with Prime Pantry. This services has some limitations. Only specific products are eligible for pantry orders and it doesn't include any fresh produce. It's all dry goods for your pantry. What's nice is that you can also set up recurring orders. You'll never have to worry about buying toilet paper again.
Sixth, with Amazon's purchase of Whole Foods Market, Prime members will receive even more benefits in store. Select Whole Foods products will become available with Prime Pantry. Prices will be cut in store for all shoppers. More price cuts will be available to Prime members. Amazon Lockers will also be available at select Whole Foods stores. You can pick up Amazon.com orders there or use the lockers to send back a return.
Lastly, Amazon is constantly adding perks and benefits to your Prime membership without raising the cost. This is quite the deal if you're interested in what Amazon has to offer.
What is Robinhood?
The Robinhood app debuted in 2013 as a first-of-its-kind revolutionizing free investment platform. Much like the 700-year-old story of the hero to the people, Robin Hood, FinTech entrepreneurs Vladimir Tenev and Baiju Bhatt created the platform in order to make stock trading easily accessible to the general public and not just the wealthy.
The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.