It’s time for you to get in gear for the end of the year. December is a great time to reflect on the past and prepare for the future. What money decisions do you need to make before 2023? We’ll find out from our expert and take your personal finance questions.

Free credit report: https://www.annualcreditreport.com/index.action

Find a personal finance advisor: http://moneytalks.mpbonline.org/episodes/money-talks-choosing-a-professional

• Update beneficiaries and passwords 
• Review your tax situation
• Update will and advanced heath care directive
• Contribute to retirement
• Budget
• Review your insurance

Hosted on Acast. See acast.com/privacy for more information.

How can you support the non-profits in your community while on a budget? Our money topic today is about how to contribute to a charity without donating cash.

The website: https://www.moneycrashers.com/help-support-charities-without-donating-money/ recently published an article suggesting ways to support charities without donating money. We’ll see what our experts think of the suggestions.

Donate your car, truck, motorcycle, RV, or boat to the MPB Foundation by simply completing a form and someone will reach out to you to arrange the pick-up of your vehicle donation, at no cost to you. You may qualify for a tax deduction while supporting a cause that is near and dear to your heart! https://www.mpbfoundation.org/

Hosted on Acast. See acast.com/privacy for more information.

Today, we’ll have the first of two broadcasts on giving. Next week we’ll discuss giving in ways that aren’t outright cash. As today is Giving Tuesday, we’ll discuss ways to give and how to select who to give your money two. We are also happy to take general personal finance questions.

Our Mississippi Secretary of State’s office has a Charities list. Just go to their website: and click on Charities to search for a charity, file a complaint, start a charity, or read tips on donating. https://sos.ms.gov/

If you want to get a little information about a charity you are considering in donating to Charity Navigator dot org provides free access to data, tools, and resources to guide philanthropic decision-making. https://www.charitynavigator.org/

To find out if an organization in the US is registered as an official charity, you can go to where they register – https://www.irs.gov/  Across the top of the website in their main blue banner is a link to information about charities and nonprofits.

Charity episodes:

11/03/2021 Charitable Giving

12/01/2020 Community Foundations

12/03/2019 Giving Tuesday

11/27/2018 Giving Tuesday

http://moneytalks.mpbonline.org/episodes/money-talks-529-savings-plans

Hosted on Acast. See acast.com/privacy for more information.

Will you be buying gifts during the next few days or weeks? Money Talks wants to help you be a more informed shopper by sharing some marketing and psychology tips that are used to get consumers to buy more.

• False Sense of Urgency
• The Decoy Affect
• Buying in Bundles
• The Instant Markdown
• Buy One Get One
• Nostalgia
• Installments
• No clocks or windows
• Shop layouts
• Eye-level shelves
• Unorganized clearance sections
• Loss leader
• Parasite placement
• Since fast-food restaurants want customers to come in, eat quickly, and leave. Fancy restaurants encourage customers to stay longer and keep ordering more courses and drinks.
• Bracketing
• Specials with no price
• Loyalty or frequent buying programs
• One reason retailers started having holiday sales in October may be because Holidays are when people are the happiest. When people are in a good mood, they are also more willing to spend more money.
• The reason companies want to trade your email address for a small discount is simple: they will be able to easily reach you with tempting emails and ads about their awesome products to make you buy from them again and again. So maybe have an email account just for online shopping or have willpower. You could also unsubscribe from their emails after you get your discount.
• Back in the 1930s, retail stores started putting shopping carts near their entrances to inspire customers to make larger purchases. The idea behind it was simple: customers won’t buy heavy, expensive items if they can’t carry them around the store and to their cars.

https://blog.cheapism.com/consumer-behavior/#slide=22

https://www.visualcapitalist.com/29-psychological-tricks-to-make-you-buy-more/

https://sharingsmiles.co/movies/fb/1176317208/12-marketing-tricks-that-companies-use-to-make-us-buy-more/?pg=3

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Americans have been talking about inflation for over a year now. Whatever the cause this is our current reality. What can we do to protect our personal finances right now? We’ll see what our experts have to say. They also cover other money questions.

• Money: The True Story of a Made-Up Thing by Jacob Goldstein
• Tax info: https://www.irs.gov/
• Email about what to invest in
• Inflation

Hosted on Acast. See acast.com/privacy for more information.

Do you go for the cheapest version when you shop? Do you feel like expensive versions are better quality? Which to choose? Today we’ll discuss opinions on what you should splurge on and when basic is best.

Rather than sift though the website Reddit for “is it worth it on not” information, we’ll be discussing contributors’ suggestions on when you should go back to basics or move up for quality for the best value for your money.

https://www.boredpanda.com/cheap-version-better-than-luxury-version/?utm_source=com.google.android&utm_medium=referral&utm_campaign=organic

https://www.boredpanda.com/high-quality-items-worth-spending-money-on/?utm_source=com.google.android&utm_medium=referral&utm_campaign=organic

I Bonds: Series I savings bonds protect you from inflation. With an I bond, you earn both a fixed rate of interest and a rate that changes with inflation. https://www.treasurydirect.gov/savings-bonds/i-bonds/

Hosted on Acast. See acast.com/privacy for more information.

Mark your calendars folks – there are some important dates coming up: heath care enrollment dates, retirement contribution dates. All of these dates might have an impact on your personal finances.

DEADLINE October 31st, 2022 Public Service Loan Forgiveness - The White House

If you have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively), you may be eligible to have all your student debt canceled. Now, for a limited time, it is easier than ever to receive that forgiveness, or get credit toward forgiveness, if you have not yet served 10 years.  

October 1st - The Free Application for Federal Student Aid open for the 2023-2024 school year application period opens

https://studentaid.gov/sites/default/files/2023-24-fafsa.pdf

https://studentaid.gov/apply-for-aid/fafsa/filling-out

• 10/26/2016 Paying for College
• 10/10/2017 Paying for College
• 8/28/2018 Money Talks: Student Loans
• 01/8/2019 Money Talks: Get 2 College

October 15th Medicare Open Enrollment begins October 15 — and will remain open through December 7, 2022 Website

Medicare.gov

11/28/2017 Medicare Coverage Comparison

10/15/2019 Money Talks: Medicare

entire month of October - Open enrollment period

https://www.kff.org/faqs/faqs-health-insurance-marketplace-and-the-aca/when-can-i-enroll-in-my-employer-health-plan/ 

November 1st - 2023 Open Enrollment to purchase health care from The Marketplace runs from November 1 through January 15, 2023

https://www.healthcare.gov/quick-guide/dates-and-deadlines/ 

January 17, 2023 - last date to pay estimated tax payments to the IRS.

https://www.irs.gov/newsroom/what-taxpayers-need-to-know-about-making-2022-estimated-tax-payments

Tuesday, April 18th, 2023 - The annual contribution limit for Roth IRAs in 2022 is $6,000 ($7,000 if you're over 50), or your total earned income if it's less than that amount. This is set to increase to $6,500 and $7,500, respectively, in 2023.

https://www.nasdaq.com/articles/4-roth-ira-mistakes-you-dont-want-to-make

https://www.usbank.com/retirement-planning/financial-perspectives/benefits-of-an-ira.html

Hosted on Acast. See acast.com/privacy for more information.

We’re currently in a period of high inflation right now. But how have the prices of specific items increased over the past decade? The past 50 years? Has anything gotten cheaper? We’ll look into the prices of homes, college, electronics and more on the show today.

https://www.marketplace.org/2022/08/17/money-and-millennials-the-cost-of-living-in-2022-vs-1972/

https://better.com/content/how-much-home-prices-have-risen-since-1950/

https://www.valuepenguin.com/mortgages/historical-mortgage-rates

• A White Cross Electric Hair Dyer cost $10 in 1915 – that’s $234 in today’s dollars. Now the average price of a hair dryer is $25 to 50.
• In 2001, a 5GB iPod Classic cost $400 or $535 in today’s dollars. Now, a 16GB iPod Touch is $199
• In 1939 a RCA TRK-12 TV set was $600. In Today’s dollars that’s $10,218. But today a 65 inch RCA HD LED TV costs $1099.99
• In 1925, Maytag sold the “Gyrafoam” Washer for $145. It today’s dollars that’s $1962. Today, a traditional Maytag washer is $599.
• If you wanted to fly Delta Airlines, round trip between Dallas and Jackson in 1929 it would cost you $90. That’s $1246 in today’s dollars. A trip now will set you back $327.

https://articles.bplans.com/12-products-prices-changed-last-100-years/

Hosted on Acast. See acast.com/privacy for more information.

Today’s an Open topic day – we discuss some issues in the news, student loan forgiveness, holiday shopping, and whatever you’d like to bring up. Contact us with your questions concerning retirement, the stock market, or what your money plans are for the year or decade.

Student Loan forgiveness

https://www.ed.gov/subscriptions

https://www.npr.org/2022/09/29/1125923528/biden-student-loans-debt-cancellation-ffel-perkins

https://content.govdelivery.com/accounts/USED/bulletins/32dfbda

According to a September Bankrate survey: Half of winter holiday shoppers plan to begin making purchases before Halloween this year. About 38% plan to start shopping in November. 12% of shoppers plan to wait until December to do their holiday shopping. https://www.cnbc.com/2022/09/28/target-amazon-holiday-sales-start-in-october-shopping-early-can-help-save-money.html

Well, we’ve already had Holiday sales come and go: Target announced it is kicking off its holiday season push with its biggest ever “Deal Days” promotion running from October 6 to October 8. https://www.cnbc.com/2022/09/28/target-amazon-holiday-sales-start-in-october-shopping-early-can-help-save-money.html

https://nrf.com/blog/6-things-know-about-2022-holiday-shopping-season

Small Businesses:

Fairhope https://smallbusiness.com/trends/great-small-towns/

Mistletoe Marketplace is November 2-5 https://www.mistletoemarketplace.com/

Canton Flea Market is the 2nd Thursday in October – which is the 13th http://www.cantonmsfleamarket.com/

STARKVILLE HOLIDAY BAZAAR - 50th anniversary on Wednesday & Thursday, November 30 – December 1, 2022 at the Mill

Amazon is holding an “Early Access Sale” for Prime members on Oct. 11 and 12. This marks the first time the e-commerce giant has ever held two Prime Day-like sale events in one year. https://press.aboutamazon.com/news-releases/news-release-details/introducing-amazons-prime-early-access-sale-new-holiday-shopping

Priced to Move at Fertile Ground in Jackson https://www.facebook.com/p2mjackson/

Hosted on Acast. See acast.com/privacy for more information.