Categories
Uncategorized

Should you work during medical school? | Medical College Admission Doctor

Many students worry about how to pay for their education, particularly during periods of inflation and worries about a possible economic recession. According to the Association of American Medical Colleges, the average medical school debts For 2021 graduates, it was $200,000 — excluding college debt — and most schools continue to increase tuition.

Most medical school deans of student affairs will suggest that medical students not take a job. Faculty of medicine It is your job. There was an old saying that you were married to a med as soon as you started med school. I remember saying after graduation that I was glad I chose to go to medicine, but glad I didn’t know how much it would be like to work in medical school before I started.

During my college years, I held up to four part-time jobs at one time. During medical school, I didn’t take a job unless you count work during breaks.

Looking through the four years of medical school for additional employment time puts the hurdles in the spotlight.

The first one and a half to two years, in particular, is a lot of effort, with massive amounts of work and often the first board test. Then you sign up for the clerks, often the weekend or the night Hospital responsibilities It interferes with many functions.

Your first year, residency applications and interviews will take additional time. However, since the COVID-19 pandemic, virtual interview It may give you more wiggle room to look for part-time work if there is flexibility. Remember, too, that this residency match is in March and is often followed by an apartment search on the weekends before graduation. "Free time" is often devoted during the final year to completing research projects and writing scholarly articles.

There are many considerations before jumping into a job. The first thing I would suggest is to get a very clear idea of ​​the budget, and do it early. Anticipate rent, food, transportation, tuition, and other necessary expenses. Schools generally provide this information online.

If you can’t find the budget information you need, ask the Dean of Student Affairs or a Financial Aid Officer. Once you assess any deficiency you might expect Pay for med schoolAsk about scholarships or scholarships available to you. Don’t be shy about this.

If your financial situation is unhealthy, tell them why. Your parents may or may not be able to pay for any reason. Perhaps your school debt from your undergraduate program is too high. Yes, you would have provided this information earlier to the medical schools, but you can plead your case again. No Mead school official would want to see students suffer, and would make wheels in a bid to get funding from one donor or another to help.

Suppose this attempt fails and you have to look loans. There are low-interest federal loans and higher-interest private loans. You really want to avoid the latter—although some loans have lower rates for applicants with great credit history—and make sure you’re clear about that incalling dialogue. Student loan debt forgiveness Or cancellation occurs in some cases, but it is not a guarantee.

My advice to first-year medical students who decide they should work no more than four hours initially. See how it goes for one semester. Talk to upper class students at all levels and ask about their work experience.

Don’t fool yourself into thinking, "I was a full-time student in the past and can handle 20 hours exactly as I did before graduating from college." forget that. You’ve never been with so many smart students as you will see in medical school.

If you find that four hours have gone well and you don’t have to give up sleep or exercise, increase to eight. Just be careful not to overdo it with work and academic backwardness. If you do and have to extend your time in medical school, it will cost you a lot of tuition, rent, food, transportation, and other expenses.

It is also important to think about the type of jobs that will give you a good return and the time in which you can work. Students who train others to MCAT They can control their time more easily and earn decent money.

Research can be an excellent option, and if you study competently you may be able to increase these hours while building good relationships with faculty. You may already have the skill set that many basic investigators need, which puts you at the top of their list of job possibilities.

Most professors who do research know that medical students are motivated and are likely to view their applications for these positions very positively. Looking at online job sites at your school and hospital, networking with upper-class students and seeking advice from faculty are productive ways to locate these jobs.

Waiting tables and watering at higher priced restaurants can be lucrative, but they may reduce the time you sleep or study. Jobs that cause sleep delay or shortness are worrisome, because sleep deprivation can lead to depression in vulnerable individuals. depression and anxiety Not what you want to provoke in medical school. Low energy, poor concentration, low grades, and a variety of other consequences from depression or anxiety aren’t worth the extra money.

If you are waiting for tables or a waiter, ask for shifts on Friday and Saturday, allowing for minimal conflict with the initial study periods.

There are many challenges in medicine, but the profession brings a lot of satisfaction and meaning to life. When preparing in medical school, especially during tough financial times, seek grants and scholarships from all available avenues as a first step. Second, tighten your budget. The money saved now will be worth it later when you think about taking out loans in the future.

Financial aid officers can teach you many ways to save money. Ask for money gifts for birthdays, holidays, and graduations. Don’t interrupt your sleep more than the medical curriculum requires. If you take care of your body, it will serve you well in the years to come. Be thoughtful and careful about taking on more responsibilities than you can reconcile.

If you’re doing a job, step away on your fingertips at the surface end first before committing several hours. You want to succeed in medical school and beyond, and remain healthy as a good role model for your patients.

.

Categories
Uncategorized

What is a debt collector, and what do they do? | personal financing

Debt collectors are heroes or villains, depending on your point of view. If you own a business and owe money, hiring a debt collector can help you get it back. If you owe money, you may avoid that confrontation from a debt collector.

However, whatever your feelings about debt collectors, also called bill collectors, good people simply do their jobs. Here’s what a debt collector is and what they do.

What is debt collection?

Debt collection is an industry that exists to help businesses, large and small, get the money they owe. debt collectors Working for debt collection agencies, with the aim of getting people to pay what they owe. It can be a stressful and rewarding job all at once. Debt collectors face a lot of people who often want to pay their bills but can’t; At the same time, debt collectors are helping businesses, many of which cannot let unpaid bills slide.

There are a lot of reasons why someone might end up owing money to a company. According to the Consumer Financial Protection Bureau, $88 billion in medical bills is currently with debt collection agencies, affecting 1 in 5 Americans.

The task of the bill collector is to try to help a person pay what he owes, which would help improve the credit score of the debtor, as well as help the employer.

If you work as a debt collector, you will likely be in a call center at a collection agency, not the original creditor’s office. While it seems like it can be a stressful job, it does indicate that it is a profession with average work pressure. There are a lot of advantages too, especially if it’s a full-time job with benefits. The barriers to getting a job tend to be low – you’ll need a high school diploma – although you may need more education if you want a higher paying job. Many bill collectors report having a healthy work-life balance.

How do debt collection agencies work?

Debt collection agencies have one main task – to convince someone to pay back the money they owe a debt. Often, if the debt is large, this is done by arranging installment plans. Generally, debt collectors will contact debtors by phone or mail. A new rule issued by the Consumer Financial Protection Bureau that took effect on November 30, 2021 states that debt collectors are allowed to contact debtors via email, text and social media. If a debt collector communicates via social media, it should be through a private message and not, say, on a Facebook thread that everyone can see. There must also be a way for a social media user to opt out of communication via that platform.

There are two main types of collection agencies: first-party creditors and third-party creditors.

A first party creditor is not so much a debt collection agency as it is a debt collection suite, or a branch or subsidiary, of a corporation. If you had someone from your credit card, car loan lender, or financial institution entice you to catch up on the loan, you worked with a first-party creditor.

Third party creditors are collection agencies or debt buyers. These collection agencies are often set up by first-party creditors, often 30 days after the bill is due and once the first-party creditor feels there is no point in spending more time and effort on debt collection.

Often, a third-party creditor buys the right to try to collect the bill within 30 days to six months – and possibly longer, such as a year, two years or more.

These collection agencies are expected to collect debts in a responsible manner. For example, they are not allowed to belittle or harass you. They can’t send someone to your house to ask for money. They are not supposed to call more than seven times in any seven day period, and if you speak to a debt collector, they should wait seven days before calling you again. They aren’t supposed to call you at work either, before 8am or after 9pm

But some debt collection agencies have gone too far, ignoring these rules. In 2021, the Federal Trade Commission issued more than $4.86 million in refunds to consumers affected by illegal debt collection practices.

However, there are plenty of reputable debt collection agencies out there, and they provide a much-needed service. If you are a small business owner and can’t stand the money scam, a debt collection agency can be a life saver.

In terms of how they make their money, debt collection agencies sometimes work on commission – they will get a portion of the debt repaid to the company. And sometimes a debt collection agency, or debt buyer, buys the debt. According to the Minnesota Attorney General’s website, "It is not uncommon for a debt buyer to pay less than five cents for every dollar owed."

So debt buyers can buy $1,000 of debt for $50 or less. If the debt buyer manages to convince the person who owes the money to pay $1,000, that means a profit of $950. If the debt buyer can at least convince the debtor consumer to pay, say, $300, that would still be a $250 profit.

What do you do if a debt collector calls you?

The only thing you should do is pause for a while. It doesn’t mean you shouldn’t pay off a debt, but you do have some information to gather first.

For starters, the person you’re talking to may not be a true debt collector.

“One of the biggest problems with paying debts, especially student debt, is the persistent problem of fake phone calls from debt collectors as well as from those offering debt relief,” says Melanie Hanson, senior editor at EducationData.org, which provides data on the US education system. Knowing exactly who to trust in this environment can be difficult.

Hanson advises: "As a good rule of thumb, never trust a phone call on its own merits."

She suggests confirming anything you hear over the phone about your student debt by checking with an online debt collector and, ideally, directly checking your loan accounts with lenders.

“Fake fundraisers and fake relief programs thrive on getting personal information from naive debtors who think they are talking to a responsible person,” Hanson says.

Ashley Morgan, the bankruptcy attorney who owns Ashley F. Morgan Low in Herndon, Virginia, agrees that you don’t want to hastily agree to a debt payment, even if you’re pretty sure you owe money.

"If a debt collector calls you, it’s important to check the debt," Morgan says.

She also advises against admitting over the phone that you owe money. After all, you probably don’t, and this is not the time to give you ammo for debt collection that they can use against you later. Instead, Morgan says, "You should ask them to send you written correspondence about the debt they think you owe them."

Once you have this information, if you have any questions about debt, you should submit a request for information through writing, Morgan says.

“The information needed is important to help you know whether the debt is actually owed, and whether the collector has the ability to collect the debt,” Morgan says. It indicates that the debt may be subject to statute of limitations. After three to six years, and possibly longer – it depends on state law – debts often cannot be collected. As in, no one can sue you for debt.

In fact, you may want to be careful about making a partial payment on very old debts. In some states, if you do that, the time period will resume, and suddenly the statue of limitations may not run out for many more years.

It also helps to know everything you can know about Consequences of not paying debts – Like seeing your credit score drop. Remember that you can Negotiating with debt collectors Get them to agree to let you pay less than they’re owed. Find out your rights with a debt collector, so you can find out if you should report them to the Federal Trade Commission or the Consumer Financial Protection Bureau. Some of the tactics that debt collectors should not do include:

  • I call you before eight in the morning or after nine in the evening
  • Call you frequently.
  • Post any messages on social media about your debts.
  • Use vulgar or obscene language while talking to you.
  • making threats.
  • Publish lists of people who refuse to pay debts. (However, they can report the information to the credit reporting company.)
  • Lying about how much you owe.
  • He lied to you at all. (They can’t, for example, tell you that you’ll be jailed if you don’t pay. They can’t call you pretending to be someone else.)

.

Categories
Uncategorized

Pope says he will slow down or retire: 'You can change the Pope'

On the papal plane (AP) – Pope Francis admitted Saturday he can no longer travel as he used to because of his strained knee ligaments, saying the week-long Canadian pilgrimage It was a "little test" that showed he needed to slow down and maybe retire one day.

Speaking to reporters while returning home from north Nunavut, the 85-year-old Francis confirmed he had not considered resigning but said "the door is open" and there is nothing wrong with the Pope stepping down..

"Not strange. It’s not a disaster," he said while sitting in a wheelchair on the plane during a 45-minute press conference.

Francis said that while he hasn’t considered quitting yet, he knows he has to at least slow down.

“I think at my age and with these limitations,” he said, “I should spare (my energy) to be able to serve the Church, or, on the contrary, think about the possibility of stepping aside.”

Francis was full of questions about the future of his pontificate after the first trip in which he used a wheelchair, walker, and cane to get around, severely limiting his program and his ability to mingle with crowds.

He strained the ligaments in his right knee earlier this year, and continued laser and magnetic therapy forced him to cancel a trip to Africa scheduled for the first week of July.

The Canada trip was tough, and for several moments it was clear that Francis was in pain as he maneuvered up and down the chairs.

At the end of his six-day tour, he appeared in good spirits and spirited, despite traveling to the edge of the North Pole all day. On Friday to apologize once again to the indigenous peoples for the injustices they suffered in the church-run church boarding schools.

Francis has ruled out surgery on his knee, saying it wouldn’t necessarily help, noting that "there are still traces" of him undergoing more than six hours of sedation in July 2021 to remove 33 centimeters (13 inches) from his large intestine.

"I will try to continue on trips and be close to people because I think it’s a way to serve, to be close. More than that, I can’t say," he said on Saturday.

In other comments on the papal plane, Francis said:

He agreed that trying to eradicate aboriginal culture in Canada through the church-run boarding school system amounted to cultural "genocide." Francis said he did not use the term during his trip to Canada because it hadn’t occurred to him. The Canadian Truth and Reconciliation Commission decided in 2015 that the forced removal of Indigenous children from their homes and their placement in church-run boarding schools to accommodate them in Christianity and Canada constituted a "cultural genocide".

"It’s true I didn’t use the word because it didn’t cross my mind, but it called genocide, right?" Francis said. "I apologized, and asked forgiveness for this act, which was genocide."

– He suggested that he did not oppose the development of the Catholic doctrine on the use of contraceptives. Church teachings prohibit artificial contraceptives. Francis noted that a Vatican think tank recently published the proceedings of a conference where a "no" amendment to the church’s absolute was discussed. He emphasized that doctrine could evolve over time and that the task of theologians was to follow such developments, with the pope ultimately deciding.

Francis noted that the Church’s teachings on atomic weapons were modified during his pontificate to consider not only the use of atomic weapons but the mere possession of atomic weapons immoral and the death penalty immoral in all cases.

– He confirmed that he hopes to travel to Kazakhstan in mid-September to attend an interfaith conference where he may meet with the Russian Orthodox Patriarch Kirill, who justified the war in Ukraine. Francis also said he wanted to go to Kyiv, the capital of Ukraine, although no flight has yet been confirmed. He said he hoped to reschedule his trip to South Sudan, which he canceled due to knee problems. He said the Congo leg of that trip might have to be postponed until next year due to the rainy season.

___

The Associated Press’s religious coverage is supported by an Associated Press collaboration with The Conversation US, funded by Lilly Endowment Inc. The AP is solely responsible for this content.

.

Categories
Uncategorized

The Pope concludes his Canadian visit with a stop in a small town in the far north

In his extensive papal travels, Pope Francis never traveled further north than Iqaluit, the capital of the Inuit-ruled Nunavut territory. This will be the last leg of his six-day visit to Canada on Friday.

It’s an iconic destination – home to about 7,500 people but not a single traffic light, with no road or rail connections to the outside world. Its only Catholic church serves parishioners from at least five continents; More than 100 of them routinely fill the seats every Sunday.

Iqaluit has welcomed world leaders before. Queen Elizabeth, for example, visited for about two and a half hours in 2002, three years after Nunavut was carved out of the eastern part of the Northwest Territories into its own..

In contrast, the Pope’s similar brief visit is not intended to be ceremonial. Ending a Canadian visit focused on apologizing in person for abuse and disrespect for the thousands of Native Canadians – including Inuit youth – who attended Catholic-run boarding schools from the late 19th century to the 1970s.

Given the purpose of the visit, there are mixed feelings about it in Iqaluit, among Inuit leaders and also on the part of Reverend Daniel Perrault, who oversees the parish of Our Lady of the Assumption of the Roman Catholic Church.

He said only a handful of his parishioners are Inuit. Most of the others, hailing from Africa, South America, Asia and elsewhere, had nothing to do with past problems of boarding schools and would like to welcome Pope Francis on Friday, Perrault said.

But the priest said Inuit organizations in the area wanted the visit to focus on their community. "They don’t want it to be an occasion for a Catholic feast."

Iqaluit’s deputy mayor, Solomon Awa, said the Inuit community – which includes more than half of the city’s population – is full of flowing emotions. There is gratitude for offering an apology, and frustration because it took so long to happen.

“It would be very exciting for people,” said Oa. “I hope this will move us forward to elevate ourselves as Inuit, to the point where we say, 'Yes, we had many downsides in the past but we must move on. "

Unlike two of his brothers, Oa was forbidden to attend boarding school – his father insisted on keeping him at home as an assistant.

“There are still people with broken hearts who went to boarding schools…Some of them still hold a grudge over what happened,” said Oa. "They are so glad the pope came, finally, to say sorry for what happened."

Iqaluit is by far the largest municipality in Nunavut, a vast region that stretches across the Arctic Circle. It is roughly the size of Alaska and California combined, and has a population of mostly about 40,000 Inuit.

Most of the year, the weather can be harsh. In February 2010, Iqaluit hosted a meeting of finance ministers and central bank governors from the Group of Seven. Many prestigious personalities went dog sledding in sub-zero temperatures.

However, Pope Francis is expected to experience cloudy skies and moderate temperatures – around 57 F, or 14 C.

"Oh my God, he picked the softest moment left," said David Phillips, chief climate scientist at Environment Canada. "Until he feels what it is in February, there is no badge of bravery."

Prime Minister Nunavut, B. J. Acijok, expressed his pleasure and gratitude for choosing Iqaluit as one of the three main stops on the Pope’s itinerary.

"When people from all over the world think of the North, they often think of it as vast, white and barren, when in fact it is just the opposite," he told The Associated Press. "We have a lot of life, in terms of people’s resilience … we have incredible opportunities both culturally and economically."

Besides opportunities, Iqaluit has its share of problems. Last fall, government officials declared a state of emergency after water in the capital was deemed undrinkable and likely contaminated with petroleum. They issued an order not to consume, and potable water was transported by plane.

In May, the city issued an advisory warning that some local youths were throwing stones at taxis – the main source of public transportation in Iqaluit.

As for the papal visit, societal preparations were modest. The city says Main Street will be closed to normal traffic for five hours on Friday, and in the lead up to the visit volunteers have been invited to join in cleaning up the downtown area.

Catholic priest Perrault said his parishioners are interfering and offering to provide food and housing for priests and other Catholic staff who travel to Iqaluit from afar to visit the Pope.

"Life isn’t always exciting here," Perrault said. “But the people here are happy and enjoy being in a community and sharing and praying together. It is a very nice and joyful community.”

___

Gillis reports from Toronto, where he serves as bureau chief for the Associated Press. Karari, reporting from New York, is a former Toronto office manager who has covered the creation of Nunavut in 1999.

___

The Associated Press’s religious coverage is supported by an Associated Press collaboration with The Conversation US, funded by Lilly Endowment Inc. The AP is solely responsible for this content.

.

Categories
Uncategorized

3 times debt can be a useful tool | Smart Change: Personal Finance

Sarah Rathner

In some corners of the world of personal financial advice, getting into debt is the worst thing you can do. And yes, some forms of debt—particularly those that charge high interest rates—can keep you locked in a money indebted cycle for years.

With that said, there are times when borrowing serves a purpose in your overall financial picture. Debt is not always bad, although there is always a risk of getting stuck in your head. It is simply a tool that you can use to take on a very large purchase without draining your savings.

"I think it’s very important that people don’t fear debt, but instead view it as something you can use to your advantage," says Kara Duckworth, certified financial planner and managing director of customer experience at Mercer Advisors.

Here are some examples of when the ability to borrow money could come in handy.

People also read…

for something that might be worth more

Debt is often categorized as good or baddepending on why you are borrowing money and how much you will pay in interest.

“Good debt can help you move forward with your career and life,” says Mark Reyes, certified financial planner and senior manager of financial aid at Albert Financial Services. "On the other hand, bad debt can prevent you from achieving your goals."

Mortgages are often cited as an example of good debt, as the value of a home can go up. “It’s not bad debt; you’re going to put a roof over your head,” says Bill Hampton, certified financial education coach and CEO of Hampton Tax and Financial Services in Atlanta. Of course, borrowing is more than you can afford or not understand. loan terms It can cause financial risks.

Student loans are another generally accepted example of good debt, since your education can boost your earning potential throughout your life. According to Hampton, “You will be in debt for a number of years, but it will get you a higher paying job. But if your major does not support your debt, it may hold you back.”

To finance a large purchase

Now for the bad debt: credit cards. Not only do they charge high interest rates, but you can continue to make their purchases even if you still owe money from previous months. It’s easy to end up with a balance that keeps growing, no matter how much you try to shake it off.

However, some credit cards They offer interest-free promotions that you can use for large purchases. These promotions allow you to spread the cost over several months, often 12 months or more, depending on the card. Make sure your budget allows you to pay it in the promotional time frame, though – before the interest starts.

If you have an existing debt, balance transfer cards allow you to transfer that debt and not pay any interest for months. But as always, make sure you understand the terms of the card you’re using – you’ll likely pay a transfer fee, and the interest rate will go up again once the promotion ends.

Once you own a home, borrow against its value in the form of a loan to buy a home or Home Ownership Credit Limit – or HELOC – can save money for a home renovation. Homeowners can choose to do this instead of putting renewal costs on a credit card that charges a higher interest rate.

"Depending on how much stock a person has and depending on their specific situation, it may be best to take advantage of that rather than a credit card or personal loan," says Reyes. "It’s kind of the lesser of two evils."

To meet unexpected costs

I’ve heard the lecture before. You must have emergency savings. But here’s the thing about emergencies – they happen randomly, sometimes all at once, whether or not you’re able to save up extra cash.

These are the moments when you may have to make the best, least ideal decision, and that can mean taking on debt. HELOCs and personal loans may be a low-interest way to borrow money to cover an emergency, but credit cards can also serve as a backup source of emergency financing.

If emergency expenses push you into credit card debt, Hampton recommends making a plan to pay that balance off on a few paychecks. You can also take other actions to lower the cost of your debt, such as transferring the debt to a balance transfer card or seeing if your credit card company will meet you halfway.

"Consider calling your credit card company and trying to negotiate a lower interest rate than what you’re being charged," Reyes says. "It’s not always successful and it’s not likely, but it’s worth a try."

This article was written by NerdWallet and originally published by the Associated Press.

.

Categories
Uncategorized

3 times debt can be a useful tool | Smart Change: Personal Finance

Sarah Rathner

In some corners of the world of personal financial advice, getting into debt is the worst thing you can do. And yes, some forms of debt—particularly those that charge high interest rates—can keep you locked in a money indebted cycle for years.

With that said, there are times when borrowing serves a purpose in your overall financial picture. Debt is not always bad, although there is always a risk of getting stuck in your head. It is simply a tool that you can use to take on a very large purchase without draining your savings.

"I think it’s very important that people don’t fear debt, but instead view it as something you can use to your advantage," says Kara Duckworth, certified financial planner and managing director of customer experience at Mercer Advisors.

Here are some examples of when the ability to borrow money could come in handy.

People also read…

for something that might be worth more

Debt is often categorized as good or baddepending on why you are borrowing money and how much you will pay in interest.

“Good debt can help you move forward with your career and life,” says Mark Reyes, certified financial planner and senior manager of financial aid at Albert Financial Services. "On the other hand, bad debt can prevent you from achieving your goals."

Mortgages are often cited as an example of good debt, as the value of a home can go up. “It’s not bad debt; you’re going to put a roof over your head,” says Bill Hampton, certified financial education coach and CEO of Hampton Tax and Financial Services in Atlanta. Of course, borrowing is more than you can afford or not understand. loan terms It can cause financial risks.

Student loans are another generally accepted example of good debt, since your education can boost your earning potential throughout your life. According to Hampton, “You will be in debt for a number of years, but it will get you a higher paying job. But if your major does not support your debt, it may hold you back.”

To finance a large purchase

Now for the bad debt: credit cards. Not only do they charge high interest rates, but you can continue to make their purchases even if you still owe money from previous months. It’s easy to end up with a balance that keeps growing, no matter how much you try to shake it off.

However, some credit cards They offer interest-free promotions that you can use for large purchases. These promotions allow you to spread the cost over several months, often 12 months or more, depending on the card. Make sure your budget allows you to pay it in the promotional time frame, though – before the interest starts.

If you have an existing debt, balance transfer cards allow you to transfer that debt and not pay any interest for months. But as always, make sure you understand the terms of the card you’re using – you’ll likely pay a transfer fee, and the interest rate will go up again once the promotion ends.

Once you own a home, borrow against its value in the form of a loan to buy a home or Home Ownership Credit Limit – or HELOC – can save money for a home renovation. Homeowners can choose to do this instead of putting renewal costs on a credit card that charges a higher interest rate.

"Depending on how much stock a person has and depending on their specific situation, it may be best to take advantage of that rather than a credit card or personal loan," says Reyes. "It’s kind of the lesser of two evils."

To meet unexpected costs

I’ve heard the lecture before. You must have emergency savings. But here’s the thing about emergencies – they happen randomly, sometimes all at once, whether or not you’re able to save up extra cash.

These are the moments when you may have to make the best, least ideal decision, and that can mean taking on debt. HELOCs and personal loans may be a low-interest way to borrow money to cover an emergency, but credit cards can also serve as a backup source of emergency financing.

If emergency expenses push you into credit card debt, Hampton recommends making a plan to pay that balance off on a few paychecks. You can also take other actions to lower the cost of your debt, such as transferring the debt to a balance transfer card or seeing if your credit card company will meet you halfway.

"Consider calling your credit card company and trying to negotiate a lower interest rate than what you’re being charged," Reyes says. "It’s not always successful and it’s not likely, but it’s worth a try."

This article was written by NerdWallet and originally published by the Associated Press.

.

Categories
Uncategorized

This robot-driven macro box outperforms its peers. Here’s the good and bad news for the markets.

The Dynamic Global Deuterium Allocation Fund is what fund managers like to say is a glass box, not a black box. It is built on a macroeconomic model that predicts a range of economic variables across multiple countries, and is then combined with separate models of central bank policy, market assessment, and price trends.

What the model prompted the fund to do – managers have limited discretion – was to return to bonds when the 10-year Treasury yield was TMUBMUSD10Y,
2.816%
It was more than 3%, and US stocks were noted to be undervalued for the first time in nearly two years. Its dollar-denominated fund is down 7% this year, nonetheless outperforming Morningstar’s flexible allocation category.

And what he’s showing now is some good and bad news. The good news is that her model predicts inflation will be close to peaking. "The important thing is that it’s not going to accelerate from here," said John Ricciardi, principal fund manager and head of global asset allocation at the company. “We believe investors are just too scared of higher prices, fiercer central bank tightening and higher recession risks, and will pull back as CPI stabilizes.” The bad news is that the model expects production to slow, especially towards the end of the third quarter, and corporate earnings expectations to deteriorate.

Its model spells more times for technology. “Typical IT companies like Apple sell to consumers, and it’s clear that consumers aren’t spending as much because of inflation and [declining] said Vijay Modvadia, Managing Director and Head of Risk Management. Even tech companies selling business are struggling with IT companies cutting costs. The fund is also outside the energy sector, but loves healthcare and finds the telecommunications sector attractive. It found European stocks to be undervalued, although there was no strong overall support for the fund to allocate more to the region.

The company says the dollar is still undervalued even after rising this year on interest rate expectations, while commodity prices will continue to fall as factory orders shrink.

As for the Fed’s upcoming decision on Wednesday, the focus will be more on comments from the central bank than on a possible decision to raise 75 basis points. “If you look at the future indicators, including the PMIs and the announcement of several job cuts that have taken place in the technology sector, they are all bad,” Modvadia said.

market

US stock futures ES00,
+ 0.60%

NQ00,
+ 0.60%
Reinforced heading towards the open. Oil futures CL.1,
+ 1.12%
rose, DXY dollar,
-0.46%
The yield on the 10-year treasury bond TMUBMUSD10Y fell,
2.816%
It rose to 2.80%.

commotion

There is a light list of earnings releases by companies ranging from Alphabet GOOGL,
-5.63%
To Exxon Mobil XOM,
-0.76%
Report later in the week. Philips PHG,
-0.05%
Shares fell 10% in Amsterdam after cutting sales guidance.

Treasury Secretary Janet Yellen said: The United States was not in a recession Although she acknowledged the slowing economy.

China was threatening the US over a planned visit House Speaker Nancy Pelosi to Taiwan.

Ukraine is still working to resume grain exports, after Russia attacked the Black Sea port of Odessa less than a day after agreeing to allow shipments through.

The best of the web

Convicted Leaker Reality Winner Interview with 60 Minutes.

summer training They are not the same with no one in the office.

It is alleged that Elon Musk had an affair with the wife of Sergey Brin, end friendship Between two tech billionaires.

Big tech companies count End of Fantasyland.

The most important indicators

Here are the most active stock market index symbols as of 6 AM ET.

ribbon

Safety name

GME,
-6.74%

Jim Stop

TSLA,
+ 0.20%

Tesla

AMC,
-8.82%

AMC Entertainment

TBLT,
+ 39.51%

ToughBuilt Industries

NIO,
-6.96%

NIO

XELA,
+ 0.92%

Excel تقنيات Technologies

AAPL,
-0.81%

apple

explode, explode,
-39.08%

Explode, Explode

AMZN,
-1.77%

Amazon.com

NVDA,
-4.05%

nvidia

random readings

Here is the latest winner of Ernest Hemingway Looks Like Contest.

Forget air conditioners. Beavers help wildlife survive the heat.

Need to Know starts early and updates until the opening bell, but Register here To be delivered once to your email inbox. The emailed copy will be sent out at approximately 7:30 AM ET.

.