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Steve Dustcircle 🌹Any way you look at it you lose: <a href="https://masto.ai/tags/Medicaid" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Medicaid</a> <a href="https://masto.ai/tags/work" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#work</a> requirements will either fall short of anticipating <a href="https://masto.ai/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> or harm vulnerable <a href="https://masto.ai/tags/beneficiaries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#beneficiaries</a> <a href="https://www.brookings.edu/articles/any-way-you-look-at-it-you-lose-medicaid-work-requirements-will-either-fall-short-of-anticipating-savings-or-harm-vulnerable-beneficiaries/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.brookings.edu/articles/any-way-you-look-at-it-you-lose-medicaid-work-requirements-will-either-fall-short-of-anticipating-savings-or-harm-vulnerable-beneficiaries/</a>

WenBargains of the dayFor the last few weeks I have been subsisting on salads, fruit, nuts and the odd sandwich. But I fancied a veggie burger - minimal fuss, and especially a ‘Moving Mountain Burger’. Now locally these are only sold by Farm Foods. Imagine my surprise at their special offers on them. £1.99 a pack or 3 packs for £8.I was tempted to buy three just to be able to say at the checkout when they scanned them, 3 individual packs please. <a href="https://mastodon.scot/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> <a href="https://mastodon.scot/tags/canny" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#canny</a>

Change AgentHere’s a hint for anyone wanting to break old habits and save money in the process. I did this in a time long ago and it worked a treat. I opened a savings account that I named the Didn’t Account. I carried a notebook with me, and every time I didn’t do the things I was trying to stop doing, I noted the fact. At the end of each day, I transferred the money I saved by not doing those things into the Didn’t Account. Very effective at making me think carefully each time I was tempted and very rewarding to see how fast that saved money accumulated. It worked for me, so it may for you. <a href="https://mastodon.nz/tags/BadHabits" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BadHabits</a> <a href="https://mastodon.nz/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> <a href="https://mastodon.nz/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mastodon.nz/tags/health" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#health</a> <a href="https://mastodon.nz/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#finance</a> <a href="https://mastodon.nz/tags/wealth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wealth</a>

Veronica Olsen 🏳️‍🌈🇳🇴🌻While it's not a good thing that Wall Street keeps making profit off of chaos and destruction, the fact that Darth Hideous got so upset about the TACO trading srategy is kinda funny. 😁 <a href="https://www.latimes.com/business/story/2025-05-29/explaining-the-newest-wall-street-craze-the-taco-trade" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.latimes.com/business/story/2025-05-29/explaining-the-newest-wall-street-craze-the-taco-trade</a><a href="https://mastodon.online/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPol</a> <a href="https://mastodon.online/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Trump</a> <a href="https://mastodon.online/tags/TACO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TACO</a> <a href="https://mastodon.online/tags/Savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Savings</a>

Nando161They want us to have $35K just sitting there "in case of <a href="https://partyon.xyz/tags/emergency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#emergency</a>"?I stumbled across this <a href="https://partyon.xyz/tags/video" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#video</a> arguing that your emergency <a href="https://partyon.xyz/tags/fund" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fund</a> in 2025 should be at least $35,000. That’s the new “rainy day” number. Not <a href="https://partyon.xyz/tags/retirement" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#retirement</a> <a href="https://partyon.xyz/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a>. Not <a href="https://partyon.xyz/tags/investing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#investing</a> <a href="https://partyon.xyz/tags/capital" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#capital</a>. Just... existing. It got me thinking — how can we have skyrocketing living <a href="https://partyon.xyz/tags/costs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#costs</a>, stagnant <a href="https://partyon.xyz/tags/wages" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wages</a>, and still be told to squirrel away that much cash “just in case”? Who is this even realistic for?<a href="https://www.youtube.com/watch?v=K6815eb_Bj8" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.youtube.com/watch?v=K6815eb_Bj8</a>

Emeritus Prof Christopher MayRachel Reeves is launching a consultation on ISAs (including changing cash ISAs' ceiling)... and it seems that while she is inviting views from the financial services sector, she has not announced any role of consumers and/or their representatives.So, rather than ask what consumers want she seems to be instrumentailising their savings & asking how can they be best profited from bu others.Its the wrong Q.; ask consumers what *they* want from ISAs first!<a href="https://zirk.us/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> <a href="https://zirk.us/tags/FinancialService" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FinancialService</a> h/t FT

Eric Maugendre"The wealthier a household was in 1990, the quicker its wealth has accumulated in the years since. While the top 1% grew its share of total household wealth, all other U.S. wealth groups have seen their shares decrease."<a href="https://archive.is/20250430155240/https://www.wsj.com/economy/1-trillion-richest-families-wealth-increase-bc13874a" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://archive.is/20250430155240/https://www.wsj.com/economy/1-trillion-richest-families-wealth-increase-bc13874a</a> h/t <a href="https://socks.masto.host/@John" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@John</a><a href="https://mas.to/tags/wealth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wealth</a> <a href="https://mas.to/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mas.to/tags/accumulation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#accumulation</a> <a href="https://mas.to/tags/redirection" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#redirection</a> <a href="https://mas.to/tags/appropriation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#appropriation</a> <a href="https://mas.to/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPol</a> <a href="https://mas.to/tags/neoliberalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#neoliberalism</a> <a href="https://mas.to/tags/RonaldReagan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#RonaldReagan</a> <a href="https://mas.to/tags/taxes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#taxes</a> <a href="https://mas.to/tags/assets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#assets</a> <a href="https://mas.to/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> <a href="https://mas.to/tags/estate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#estate</a> <a href="https://mas.to/tags/property" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#property</a> <a href="https://mas.to/tags/ownership" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ownership</a> <a href="https://mas.to/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#finance</a> <a href="https://mas.to/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mas.to/tags/inequalities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#inequalities</a> <a href="https://mas.to/tags/concentration" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#concentration</a> <a href="https://mas.to/tags/families" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#families</a> <a href="https://mas.to/tags/TaxTheRich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TaxTheRich</a> <a href="https://mas.to/tags/billionaires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#billionaires</a>

KissAnneMr. Orange and his <a href="https://mastodon.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tariffs</a> have had a huge effect on stock markets and so on my "voluntary <a href="https://mastodon.social/tags/pension" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#pension</a> <a href="https://mastodon.social/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a>". He is a living and walking chaos. I have invested for 20 years and the <a href="https://mastodon.social/tags/loss" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#loss</a> has been -7 % in one week. They should grow, not go down. 🫣🙄🥺 I've been told that I'm still young and things will change. I don't invest by myself. My bank does that on behalf of me. In <a href="https://mastodon.social/tags/finland" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#finland</a> we have this kind of service. <a href="https://mastodon.social/tags/annoying" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#annoying</a> <a href="https://mastodon.social/tags/suomimastodon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#suomimastodon</a> <a href="https://mastodon.social/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#politics</a> <a href="https://mastodon.social/tags/usa" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#usa</a> <a href="https://mastodon.social/tags/lifemustgoon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#lifemustgoon</a>

Catherine Schmidt<a href="https://mstdn.social/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#politics</a> <a href="https://mstdn.social/tags/trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#trump</a> <a href="https://mstdn.social/tags/billionaires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#billionaires</a> <a href="https://mstdn.social/tags/oligarchy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#oligarchy</a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tariffs</a> <a href="https://mstdn.social/tags/alt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#alt</a> <a href="https://mstdn.social/tags/ludnik" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ludnik</a> <a href="https://mstdn.social/tags/Bessent" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Bessent</a> <a href="https://mstdn.social/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> Heather Cox Richards Billionaires say tarriffs will be good thing 4/6/2025

C.Yes, you take your chances - there's the occasional outright scam, or so-so quality parts (like the ones that inspired me to write this), but you go into it with your eyes open. You take a chance because it's dirt cheap.And 90% of the time, the parts are just fine.For anything important, or safety-related, or mains-connected, or anything I build for other than personal use, I won't use yum-cha parts like this. For those, I order good name-brand parts from a reputable supplier (Newark/Element14/RS, DigiKey, etc).But for hobbyists just having fun, messing around? AliExpress and friends are an absolute godsend. You can now get into hobby electronics for practically nothing, and build stuff and see if you like it.There's a place for quality parts, and a place for cheap parts. Knowing which is which isn't hard.Three cheers for cheap components!2/2<a href="https://mindly.social/tags/build" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#build</a> <a href="https://mindly.social/tags/maker" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#maker</a> <a href="https://mindly.social/tags/circuit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#circuit</a> <a href="https://mindly.social/tags/student" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#student</a> <a href="https://mindly.social/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a> <a href="https://mindly.social/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> <a href="https://mindly.social/tags/cheap" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cheap</a> <a href="https://mindly.social/tags/DigiKey" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DigiKey</a> <a href="https://mindly.social/tags/RS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#RS</a> <a href="https://mindly.social/tags/Newark" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Newark</a>

Steve Dustcircle 🌹How to Catch Up on <a href="https://masto.ai/tags/Retirement" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Retirement</a> <a href="https://masto.ai/tags/Savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Savings</a> at Any Age <a href="https://www.iluvmoney.com/how-to-catch-up-on-retirement-savings-at-any-age/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.iluvmoney.com/how-to-catch-up-on-retirement-savings-at-any-age/</a>

Emeritus Prof Christopher MayLike Rachel Reeves, Maria Luís Albuquerque (EU financial services commissioner) has no doubt been lobbied the financial services sector; she is making similar calls for people to be 'incentivised' to use their savings to invest in stocks & shares, not just use savings accounts.What they both should recognise is this is an issue of both a lack of trust (in financiers) & an issue of precarious retirement making people risk adverse with their savings for old age.<a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://zirk.us/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> h/t FT

veroandiI've just heard about a German fintech Trade Republic. They offer interesting interest rates compared to our French <a href="https://mastodon.social/tags/banks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#banks</a> (2.75% against 2.4%). And while traditional French <a href="https://mastodon.social/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> options pay out only once a year, Trade Republic says it does so monthly.Coincidentally, yesterday there were adverts about it on French TV and on business news sites.Can we trust this company? Is it safe? The product is new and hasn't stood the test of time. Is it really known in <a href="https://mastodon.social/tags/Germany" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Germany</a>?<a href="https://mastodon.social/tags/traderepublic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#traderepublic</a>

Emeritus Prof Christopher MayClaims about the better return on stocks & shares ISAs against cash ISAs do two things:1. they flatter stock market returns by carefully picking the period that they report returns for, wilfully ignoring that many savers are not wanting long-term commitments but are parking money they may well need in the medium term;2. many cash ISA holders explicitly do not want to risk their capital for the reason above!Rachel Reeves should ignore the bankers & listen to voters.... <a href="https://zirk.us/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a>

Emeritus Prof Christopher MayBefore the financial services sector try to dismember the cash ISA, perhaps they might first think about the £67bn in under-performing 'dog' funds; managed funds (taking big fat fees) but which have under-performed stock indexes in the last three years....But of course in a sector patterned by big payments for under (no) performance, all they're interested is in getting rid of a competing product for savers so they can capture more fees!Leave cash ISAs alone!<a href="https://zirk.us/tags/investments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#investments</a> <a href="https://zirk.us/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> h/t FT

Emeritus Prof Christopher MayIf Rachel Reeves does cave into the growing pressure from financial services firms to scrap cash ISAs to 'encourage' more savers to invest in stocks & shares, ignore claims its to enable savers to get bigger returns or that its a part of a 'growth' strategy.Its entirely about financial services firms wanting to have a larger group of people to charge for their (frankly) pretty inconsistent & over-priced services.The bankers are not trying to help you... just themselves!<a href="https://zirk.us/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> h/t FT

Steve Dustcircle 🌹“I’m in my 50s and have no <a href="https://masto.ai/tags/moneysaved" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#moneysaved</a> for <a href="https://masto.ai/tags/retirement" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#retirement</a>” <a href="https://www.iluvmoney.com/im-in-my-50s-and-have-no-money-saved-for-retirement/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.iluvmoney.com/im-in-my-50s-and-have-no-money-saved-for-retirement/</a> <a href="https://masto.ai/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> <a href="https://masto.ai/tags/retirementplan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#retirementplan</a> <a href="https://masto.ai/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#finance</a> <a href="https://masto.ai/tags/advice" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#advice</a>

Emeritus Prof Christopher MaySo not satisfied with trying to get its hands on pension fund surpluses, I see the financial services sector, is now trying to convince Rachel Reeves to downgrade tax relief(s) for cash ISAs because too much money is tied up in this low risk saving instrument which (they say) could earn better returns in stocks & shares...Of course, that also means they would the get the fees, and savers would be exposed to more risk of losing their capital; exactly why many choose cash ISAs!<a href="https://zirk.us/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> h/t FT

NiceMicroAfter half a year on hiatus, Nice Micro Monday returns with an episode on finances with vengeance (and a spreadsheet) to take a look at the sobering reality of retirement savings, and how does it affect your returns if you don't start saving and investing as soon as possible.Want to know, how much does it mean after 30 years, if you skip your daily pumpkin spice latte? Watch now on TILVIDS!<a href="https://tilvids.com/w/hN8pJwzHvp8PtzYLQVCQGM" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://tilvids.com/w/hN8pJwzHvp8PtzYLQVCQGM</a><a href="https://fosstodon.org/tags/NiceMicroMonday" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NiceMicroMonday</a> <a href="https://fosstodon.org/tags/Finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Finance</a> <a href="https://fosstodon.org/tags/CompoundInterest" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CompoundInterest</a> <a href="https://fosstodon.org/tags/Savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Savings</a> <a href="https://fosstodon.org/tags/Retirement" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Retirement</a>

Old Hippie Ⓥ Resistance!Are US <a href="https://veganism.social/tags/FDIC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FDIC</a> <a href="https://veganism.social/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#savings</a> really safe under a <a href="https://veganism.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Trump</a> presidency? This question has been nagging at me for the last week.Also where is it actually safe other than under our mattress, to keep <a href="https://veganism.social/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#money</a>? Are we being too paranoid? <a href="https://veganism.social/tags/Finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Finance</a> <a href="https://veganism.social/tags/DisasterPlanning" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DisasterPlanning</a>

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