Here’s the news that caught my eye today while thinking I’d be happy to be any kind of millionaire … even if it’s a Skittles Millionaire.
(How is that only available for Canadians!? I am so giving them all Skittles Pox as revenge.)
- Miley Cyrus is a 20-something, so she struggles with #20SomethingProblems just like you. (OK, maybe not just like you.) However, that embarrassing credit card denial you suffered? Yeah, Miley’s faced that climb. According to Radar Online, the 21-year-old singer’s card was declined while trying to make a $170 purchase at a record store. How could this happen? Did she take one of these to her bank account? My theory: this is the result a new financial literacy program that teaches people to spend wisely. After all, no one needs $170 worth of records.
- We all know that giving someone the 12 days of Christmas as a present is pretty impractical—even if the 12 drummers drumming is a sufficient payoff at the end (although not from that link. Damn you, lack of YouTube video!). Well, according to The Atlantic, this gift also doesn’t make sense for another reason: it would “cost” you $114,651. ($27,393.17 in actual money. They adjust for inflation.) Although, buying someone five golden rings does strike me as a bit excessive in general—unless you’re getting them for Mr. T. And, my goodness, I hope you are.
- Things are pretty swanky at America’s elite colleges. You jet off to Budapest while studying abroad in Madrid. You hop on the Amtrak for last-minute job interviews in Manhattan. You shell out $300 for a chemistry textbook. (OK, that last one applies to most colleges.) However, these things aren’t so nice for low-income students at these schools. According to Forbes, items like the ones listed above are not only unaffordable, but they’re also “part of a topic that can be more taboo than sexual orientation: the size of their wallets.”
- Here’s some developing news that would likely make our own Sean Engelking happy: the Consumer Finance Protection Bureau is getting more power ove private servicers. Specifically, they “will be able to supervise the activity of nonbank student loan servicers that manage more than one million borrower accounts, regardless of whether those accounts are for federal or private loans.” This could be the first step in providing more structure and regulation around repaying all student loans (federal and private). Or, it could be the first step in providing you with something new to hate. Either way.
- Back in college, one of my friends thought it would the most clever thing in the world to make an acrostic sign for ESPN-televised sporting events that spelled out “Entertainment and Sports Programming Network.” (Keep living that dream, Dan.) He eventually did. And while he thought it was super successful, it pales in comparison to this student’s sign—which made him $24,000 during a broadcast of ESPN’s College Game Day. And he did it with a QR code, not by wagering against Lee Corso or anything. Now, that’s clever.
- Yesterday, Cyber Monday hit a new record high in sales, increasing by 20% year-over-year. (No, this blog didn’t take the day off so we could focus on scoring new headphones, we swear.) Well, if you need to save some money because you extended your budget, check out these 15 cheap, clever, and attractive ways to wrap a gift, courtesy of Wise Bread. Their list includes creating coverings out of old dish towels and used potato chip bags. The latter comes from Martha Stewart, of course, likely from the time she had to figure out how many screwdrivers fit in a bag of Lay’s …
What money-related news caught your eye today? Let us know in the comments!