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Cardi B via People.com Money and family: two things that rarely mix easily. Add the pressure of financial success — especially sudden or unequal success — and the dynamic becomes even more complex. Whether you’re a first-generation college grad, a high earner in your friend group, or someone who “made it out,” there’s often an unspoken expectation to help your family financially. And while it’s easy to assume that wealth solves these tensions, many celebrities have publicly shared how supporting family financially has created rifts, guilt, or emotional exhaustion — showing that the issue is as much about boundaries and expectations as it is about dollar amounts. Here’s why financially supporting family is so complicated, and what we can learn from the stories of people in the spotlight. 1. Success Can Shift the Family Power Dynamic Example: Viola Davis Viola Davis, an Oscar-winning actress who grew up in poverty, has spoken candidly about how achieving financial success brought a mix of pride and pressure. In interviews, she's described the emotional weight of being the person others turn to for help — often without acknowledging the complexity of what she's carrying. “You want to help,” she told InStyle. “But it comes with strings. Expectations. And sometimes manipulation.” When one family member experiences upward mobility, the balance in relationships can shift. You're no longer "just" a sibling or child — you're a potential source of income, bailouts, or rescue. That can be isolating and emotionally confusing, even when the intentions are good. 2. Boundaries Are Harder to Set With Loved Ones Example: Cardi B Rapper Cardi B has openly addressed how difficult it is to set financial boundaries with relatives — especially once you’ve “made it.” In a since-deleted tweet, she vented about the unrealistic expectations placed on her by family members who believed her success meant unlimited wealth. “People want to say, ‘You changed,’ but they don’t talk about how they changed once they think you got money,” she said. Setting boundaries with family can feel like betrayal, especially if you’re the first in your family to achieve financial stability. Saying "no" doesn’t just create tension — it can be interpreted as selfishness or abandonment, even if you're just trying to protect your own future. 3. Guilt and Obligation Can Become a Heavy Burden Example: Gabrielle Union Actress Gabrielle Union has spoken about her “scarcity mindset,” even as someone with wealth, and the pressure she feels to support extended family financially. In an interview with Bloomberg’s Idea Generation , she revealed she often felt like she had to keep multiple people afloat, which created stress and a sense of endless responsibility. “It’s the gorilla on your back… the anxiety of feeling like I need to keep earning, because I need to keep helping,” she explained. For many high earners — not just celebrities — the guilt of “leaving people behind” can be paralyzing. There’s a fear of becoming a villain in your own family story if you choose not to help, even if helping means jeopardizing your own stability. 4. Not Everyone Has the Same Vision for the Money Example: Shaquille O’Neal Shaquille O’Neal, the legendary NBA player and entrepreneur, has repeatedly emphasized that his wealth is not a free pass for his kids. He’s known for telling his children, “We ain’t rich. I’m rich.”  He insists they work hard, get educated, and contribute meaningfully — otherwise, he won’t bankroll their lifestyle. Shaq's approach underscores a common tension: When the person holding the money has a different vision for how it should be used, conflict often follows. Is it for emergencies only? Should it be seed money for family business ideas? Or a general safety net? Without alignment, money can quickly become a source of resentment. 5. Saying No Can Cost You Relationships Example: Kelly Rowland Singer Kelly Rowland, formerly of Destiny’s Child, has spoken about the emotional toll of having to distance herself from people — including family — who saw her as a walking ATM. She said the pressure to constantly provide became so intense that she had to make difficult decisions to protect her peace. “I had to learn to say ‘no’ even if it hurt, because I was drowning trying to make everyone else happy,” she told The Huffington Post. This is perhaps the most heartbreaking consequence: the fear (and sometimes reality) that declining to help will damage relationships permanently. The stakes aren’t just financial — they’re deeply personal. The Takeaway: Compassion + Boundaries Financial support doesn’t have to be all-or-nothing. It can look like: Helping with specific, one-time needs (e.g., medical bills, education) Offering financial education or support finding resources Being transparent about what you can  give — and what you can’t If celebrities with millions of dollars struggle to navigate these dynamics, it’s no surprise that everyday people do, too. The key is to balance generosity with sustainability — emotionally and financially. Supporting your family doesn’t mean sacrificing your future. It means finding a way to care for others without losing yourself in the process.

Credit card debt can feel like quicksand—one minute you’re managing, and the next, you’re sinking under high interest rates and minimum payments that barely move the needle. If you're stuck in this cycle, you're not alone. The good news? You can  get out, and probably faster than you think, with the right strategy. Here are the most effective ways to pay off credit card debt—and how to choose the approach that fits you best. 1. Choose a Payoff Strategy That Matches Your Mindset There’s no one-size-fits-all approach, but here are two of the most popular methods that actually work: The Avalanche Method (Mathematically Smart) How it works:  Pay off the card with the highest interest rate first, while making minimum payments on the others. Why it works:  You save the most money on interest over time. Best for:  People who are motivated by numbers and want the most efficient path to debt freedom. The Snowball Method (Psychologically Satisfying) How it works:  Pay off the smallest balance first, then roll that payment onto the next smallest. Why it works:  You gain momentum and build motivation by knocking out entire credit card balances faster. Best for:  People who need emotional wins to stay on track. 2. Consider a Balance Transfer Card A balance transfer credit card lets you move debt from another credit card and pay it off with 0% interest for a limited time—usually between 12 and 21 months, depending on the offer. This can help you tackle debt faster, since your payments go entirely toward the balance, not interest. However, most of these cards charge a balance transfer fee of 3% to 5% of the amount moved, which gets added to your new balance. You also may not get a high enough credit limit to transfer all of your existing debt. These cards generally require good to excellent credit, typically a FICO score of 670 or higher. What it is:  A credit card that offers 0% interest for a promotional period (typically 12–21 months) when you transfer your existing balance. Why it helps:  Every dollar you pay goes directly toward reducing your debt—not interest. Watch out for:  Transfer fees (usually 3–5%) and making sure you can pay it off before the promo period ends. Best for:  Those with good to excellent credit and a solid plan to pay off the balance quickly. 3. Get a Debt Consolidation Loan Using a personal loan to consolidate credit card debt is a common and effective strategy. While you won’t get a 0% APR like with some balance transfer cards, personal loans typically have lower interest rates than credit cards — averaging 12.17% for a two-year loan versus 22.77% for a credit card, according to Federal Reserve data from August 2023. Personal loans also come with a fixed repayment term, which means predictable monthly payments and a clear payoff date — a major advantage if you've been stuck making only minimum payments on credit cards. Just make sure the monthly payment fits comfortably in your budget. Keep in mind that some lenders charge an origination fee, usually between 1% and 12% of the loan amount. This fee is deducted from your loan before you receive the funds, so you may need to borrow a bit more to cover the full amount you owe. Personal loans are available to borrowers with a range of credit scores, but you’ll typically need good to excellent credit to qualify for the best rates and avoid fees. What it is:  A personal loan that combines multiple credit card balances into one fixed monthly payment. Why it helps:  You simplify your payments and potentially get a lower interest rate. Best for:  People with stable income and decent credit who want to organize their debt and pay it off faster. 4. Negotiate With Creditors Yes, you can actually call your credit card companies and ask for: A lower interest rate A temporary forbearance plan A settlement offer (only if you're already behind) Why it helps:  Reducing your interest rate, even by a few percentage points, can make a big difference over time. 5. Automate Minimum Payments, Then Add Extra Manually Set up autopay for the minimums on all cards. Then, make an additional payment manually each month on the card you’re targeting. This way, you avoid missed payments (and fees) while maintaining control over your strategy. Bottom Line: Pick a Plan, Stick With It Paying off credit card debt takes time and consistency, but the freedom it brings is worth it. Whether you're motivated by interest savings or quick wins, there's a strategy out there that fits you . Start small, stay consistent, and celebrate progress—no matter how incremental. Every payment is a step closer to being debt-free.

What Keke Palmer can teach us about money, investments, and playing the long game Keke Palmer on the TODAY show on Jan. 15, 2025. Nathan Congleton / TODAY Keke Palmer isn't just a powerhouse in entertainment — she's a financial role model, too. From child stardom on "Akeelah and the Bee" to becoming a producer, entrepreneur, and one of the most relatable voices on money management, Keke has shared valuable insights into navigating finances with confidence, resilience, and long-term thinking. Here are five key money lessons we can learn from Keke Palmer: 1. Know Your Worth — and Then Add Tax Keke has been refreshingly open about advocating for fair pay, especially in an industry that often undervalues young Black women. She's spoken out about asking for what she deserves — a reminder that negotiating isn't rude, it's necessary. Lesson: Whether you're negotiating a new salary, a freelance contract, or a side hustle rate, don't shy away from advocating for your value. Research the market, know your numbers, and ask boldly. 2. Save Like You Might Not Get Another Check Tomorrow Growing up in the entertainment industry taught Keke early on that income can be unpredictable. She’s credited her parents with encouraging her to save and live below her means, despite her success. “I live under my means. I think it’s incredibly important,” Palmer told CNBC Make It. “If I have $1 million in my pocket, my rent is going to be $1,500 — that’s how underneath my means I’m talking. My car note is going to be $340. I don’t need a [Bentley] Bentayga, I’ll ride in a Lexus.” Lesson: Even when the checks are flowing, it’s smart to build an emergency fund, invest conservatively, and avoid lifestyle inflation. Financial stability comes from consistency, not sporadic big paydays. 3. Multiple Streams of Income Are Key Keke Palmer doesn’t just act. She sings, writes, produces, hosts, runs her own digital network, and creates brand partnerships — all while maintaining her creative authenticity. Lesson: In today’s economy, diversifying your income isn’t just ambitious, it’s practical. Think: side hustles, passive income, investments, and building personal brands that open doors to new opportunities. 4. Invest in Yourself From taking on a variety of roles to launching her own projects, Keke understands that self-investment is crucial. She’s invested time, money, and energy into learning new skills, trying new platforms, and creating opportunities for herself. But she doesn't stop there--she's also a learner of personal finance. “Be curious about [personal finance], because you don’t want to do things based off of survival,” says Palmer. “You want to do them out of choice. That’s something that my mom and my dad taught me very early on.” Lesson: Spend wisely on things that expand your skills, network, and personal growth. Professional development, certifications, or even creative pursuits can pay off in unexpected ways. 5. Stay Authentic — Even with Your Money Keke’s approach to her career — and her finances — is rooted in staying true to who she is. She’s unafraid to be candid about wins and setbacks alike. For example, at age 18, she filed for bankruptcy, a decision that she has spoken about openly and shared the lessons she learned from it. She stated that filing for bankruptcy was a "wake-up call" and taught her the importance of living under her means. She now chooses to live frugally, invests in her businesses, and prioritizes long-term financial goals over acquiring material possessions. Lesson: You don’t have to follow every financial trend or hustle for the sake of appearances, or try to hide your setbacks. Tailor your financial goals to fit your real values, not someone else’s expectations.

Why younger generations are forgoing expensive engagement rings and what that means for their finances Jewelers have been raising concerns as engagement ring sales continue to decline. Signet — the U.S. jewelry giant behind Zales, Kay, Jared, and Diamonds Direct — reported a noticeable drop in sales compared to decades before. De Beers, the world’s leading diamond supplier, described demand for rough diamonds as “soft,” while Pandora cited growing consumer hesitancy in the U.S. market. But why? For generations, the diamond engagement ring has symbolized love, status, and tradition — a sparkling promise of forever. However, for many Millennials and Gen Z, that symbol is losing its shine and is no longer necessary. A growing number of couples are skipping or significantly scaling back on traditional engagement rings, opting instead for alternatives that better align with their values, budgets, and priorities. The result? A quiet revolution in the jewelry industry — and a new kind of financial freedom. The Price Tag Isn't Worth It Anymore The average engagement ring cost in the U.S. has hovered around $5,000 to $6,000 for years, but that figure is starting to slip. According to a 2024 study by The Knot, nearly 25% of couples spent less than $1,000 on an engagement ring — a sharp contrast to previous generations. Some are even ditching rings entirely or opting for less conventional options like gemstones, lab-grown diamonds, vintage rings, or tattooed bands. But why the shift? Several cultural and economic trends are driving this change: Financial Priorities Have Shifted: Younger generations are saddled with rising student loan debt, astronomical housing costs, and an unstable job market. In that context, dropping thousands on a ring often feels impractical — even irresponsible. For many, that money is better spent on a wedding, a home down payment, travel, or simply building an emergency fund. Changing Values and Norms: There's also a broader cultural reevaluation of what marriage and commitment should look like. Many couples are rejecting the pressure to follow outdated norms, including the idea that a diamond ring is required to validate love. Personalization and meaning matter more than carat size. Sustainability and Ethics Matter More: Conscious consumerism is on the rise. Concerns about the environmental impact and ethical sourcing of mined diamonds are pushing people toward lab-grown diamonds, recycled metals, or no ring at all. Younger buyers want to feel good about what they wear — and how it was made. The Upside: Long-Term Savings Forgoing or downsizing an engagement ring can have meaningful long-term financial benefits. A $6,000 ring invested in a diversified stock portfolio could grow to over $20,000 in 20 years — enough to contribute toward a child’s education or accelerate a couple’s retirement savings. And beyond the math, skipping the ring arms couples with a powerful financial habit: aligning spending with shared values. It’s an early test of communication, compromise, and long-term planning — traits that, studies show, are better predictors of a successful marriage than the price of the jewelry involved. The Ring Isn’t the Relationship Ultimately, the engagement ring is just one tradition among many, and for younger generations, it’s no longer a non-negotiable. As values evolve and financial pressures mount, more couples are choosing symbolism that feels right — not just sparkly. The takeaway? Love is still priceless — but that doesn’t mean it has to come with a price tag.

Is sports betting the latest risk to your personal finances? In tandem with America's passion for sports, another related industry has seen remarkable growth. The legal sports betting market in the United States has surged in the past five years. Gross gaming revenue from sports betting jumped from $4.3 billion in 2018 to $10.9 billion in 2023. In 2023 alone, Americans placed a staggering $119.84 billion in sports wagers, marking a 27.5% increase compared to the previous year. As more states open the door to regulated sports betting markets, many people are drawn in by the excitement, the potential to make money, and the easy access to online betting platforms. However, while sports betting may seem like a harmless form of entertainment, it can have severe financial consequences for those who fall into the trap of frequent gambling. High risk, low rewards The allure of making a quick profit through sports betting is strong. However, it's important to understand the odds and the risks involved. The reality is that sports betting is more likely to lead to financial loss than to financial gain. According to a 2021 survey by the American Gaming Association (AGA), 75% of sports bettors lose money  over time. While this statistic alone should be enough to raise concerns, it's also essential to consider that the odds in most sports betting markets are designed to favor the house. In most betting systems, bookmakers set odds that give them a built-in advantage, ensuring they make a profit even if the public wins some bets. For example, a typical spread bet in football may involve odds of -110, meaning you need to bet $110 to win $100. This gives the bookmaker an edge, and over the long run, it becomes more difficult for individuals to win consistently. The dangerous cycle of chasing losses One of the biggest dangers of sports betting is the tendency for bettors to chase their losses. The psychology behind gambling is powerful, and when someone loses a bet, they may feel an emotional impulse to place another bet in an attempt to "win it back." Unfortunately, this behavior often leads to even greater losses, as bettors place larger bets or increase their frequency of betting in hopes of recouping their previous losses. A study published in JAMA Network Open  found that nearly one in five sports bettors  who engage in frequent betting exhibit symptoms of problem gambling. This includes chasing losses, betting beyond their means, and continuing to gamble despite financial hardship. This cycle can quickly spiral out of control, leading individuals to risk more than they can afford, which can have devastating effects on personal finances. The hidden costs of sports betting According to a report by the National Bureau of Economic Research, when sports betting is legalized in a U.S. state, financially struggling households see immediate negative impacts. These households, characterized by frequent overdrafts, low credit scores, and limited savings, often use money that would otherwise go toward savings to fund their betting activities. The report notes that while sports betting may initially replace other discretionary spending, it can have long-term financial consequences if it leads to higher debt or reduced savings. In states where sports betting is legal, net brokerage investments are 14% lower compared to those in other states. Every dollar spent on betting reduces net investments by $2.13. While a short-term drop in investments may not seem significant, the long-term effect can be profound, especially for younger investors. Missing out on potential investment growth due to reduced savings can result in substantial losses over time, as compound growth plays a crucial role in long-term financial gains. Additionally, the National Council on Problem Gambling (NCPG) estimates that about 2-3% of Americans  meet the criteria for problem gambling, which includes sports betting. While this may seem like a small percentage, it represents millions of people whose finances and well-being are impacted by gambling, by issues including but not limited to: Depletion of savings : Bettors may dip into their savings or emergency funds to continue sports gambling. Debt accumulation : Bettors may borrow money to fund betting activities can result in high-interest debts, especially if credit cards or payday loans are used. Neglect of essential expenses : Some bettors prioritize gambling over paying bills, rent, or other necessary expenses, which can result in late fees, missed payments, and even eviction or utility shutoffs. The long-term impacts of sports betting Even for individuals who are able to limit their sports betting, the long-term financial impact can be significant. A study published in Addiction  journal found that people who gamble regularly can experience substantial reductions in long-term savings, retirement funds, and overall net worth. Sports betting, like all forms of gambling, can create a false sense of optimism—many bettors believe that they will eventually win big, but the reality is that consistent losses add up over time. In fact, a report by the Council on Compulsive Gambling of New Jersey  (CCGNJ) found that problem gamblers are more likely to experience financial hardship, such as bankruptcy or foreclosure, compared to non-gamblers. Over 50% of individuals with gambling problems reported financial difficulties , which often lead to stress, relationship breakdowns, and even mental health issues. The bottom line Sports betting may seem like an easy way to make some extra money or add excitement to watching your favorite games, but it's important to be aware of the potential negative impact it can have on your finances. From the financial losses and the tendency to chase those losses, to the long-term damage to savings and credit, the risks are substantial. Understanding these dangers is crucial for making informed decisions about whether sports betting is right for you. For those who are already struggling with gambling problems, seeking help through counseling or support groups is essential to protect both your financial and emotional well-being. If you or someone you know is struggling with gambling addiction, the National Council on Problem Gambling (NCPG)  provides resources and support. Always gamble responsibly and know when to stop before it affects your personal finances.

Oh her net worth leaves quite an impression--multi-millions to be exact! Once upon a time at Coachella, Sabrina Carpenter famously quipped, “that’s that me espresso,” and from that moment on, she spent the rest of the summer boosting her fortune even further. With the song of the summer, a chart-topping album, multiple sponsorship deals, and a long-standing Disney career behind her, Sabrina is raking in serious money—and it’s time to take a closer look at her growing wealth. From Script to Screen: Sabrina's Earnings from Acting Sabrina’s been collecting acting paychecks since childhood, with guest roles on shows like Law & Order: SVU . However, her breakout came when she played Maya Hart on Girl Meets World . While her exact salary for the show isn’t publicly known, we do have some insight: back in 2014, TMZ reported that her co-star Rowan Blanchard made $10,000 per episode for the show’s 21-episode first season—totaling $210,000. It’s likely Sabrina was earning a similar figure. As for her future in acting, there’s a potential Alice in Wonderland  musical in the works! According to Forbes , Sabrina is producing the project, and reportedly sold it to Netflix for a seven-figure sum. No updates yet, but it seems like Sabrina is primed for a new kind of adventure. She's Working Late, Cuz She's a Singer: Sabrina's Breakout Dollars from Music Sabrina has been releasing hit songs for years, with Short n’ Sweet  marking her sixth studio album. However, her major payday seems to have come with her massive impact in 2024. While we don’t have the exact figures yet, her song “Espresso” has gone platinum, which likely earned her millions. And what about her income from opening for Taylor Swift on the Eras Tour ? Those details remain undisclosed, but considering she bought a luxurious mansion just before the tour ended, it’s safe to assume she made a significant amount. Similarly, we don’t know how much she was paid for her Coachella performance, but previous headliners like Kendrick Lamar, Radiohead, and Lady Gaga reportedly earned between $3 to $4 million for their sets, while Bad Bunny took home $5 million in 2023, and Beyoncé made between $8 to $12 million in 2018. Sabrina’s payday likely falls somewhere within that range. Her Honeybee: Sponsorships and Brand Deals Thanks to her skyrocketing fame, Sabrina has landed multiple sponsorship deals in 2024. These include partnerships with Van Leeuwen, Blank Street, SuperGoop, Marc Jacobs, and Skims, to name a few. Additionally, she was named Redken’s global brand ambassador. While her earnings from this deal haven’t been disclosed, these types of partnerships often bring in millions. Sabrina herself said, “Beauty, and especially my hair, is a big part of my identity,” in an interview with WWD  about the partnership. She added, “I’ve always dreamed of partnering with a hair brand and waited to find the right partner.” Heartbreak is One Thing, Real Estate is Another In December 2023, right in the middle of the Eras Tour , Sabrina purchased a stunning $4.4 million 1930s Spanish Colonial home in the Hollywood Hills. On top of that, Architectural Digest  reported that she owns a $1.7 million home in Northridge, which she purchased in 2018. So, What Is Sabrina Carpenter’s Total Net Worth? Sabrina’s net worth is currently estimated at $12 million, according to Celebrity Net Worth . However, this figure may not yet reflect the full earnings from her record-breaking summer—so keep an eye on that number as it’s likely to grow!

The experts share tips on cutting costs without sacrificing your dream wedding Planning a wedding can quickly become overwhelming as costs seem to skyrocket beyond expectations. Navigating these expenses can be challenging, and no one knows the financial landscape better than professional wedding planners, who handle these high prices regularly. “Frankly, the wedding industry is all over the place with costs,” says Kate Ford, a wedding and event planner based in California . It’s easy for couples to get in over their heads no matter what their budget is, she adds. “Talking about what to expect, and what’s realistic, is so important.” Here are a few tips wedding planners like Kate recommend to cut costs for your big day: 1. Skip the wedding party Eliminating bridesmaids and groomsmen can save you thousands. “You’ll cut costs on attire, gifts, hair and makeup services (averaging $300 per person), florals (about $175 per person), transportation, and more,” says Ford. Plus, your friends and family will have more time to relax and enjoy the day without being tied to wedding duties. It can also reduce wedding-related stress on friendships—something many bridesmaids can’t say. If you want loved ones involved but don’t want the full wedding party, there are many roles they can take without requiring matching outfits or walking down the aisle. They can join you for dress shopping, help you get ready, make a speech, do a reading, or assist with photos. These tasks are meaningful and don’t come with a hefty price tag. If someone is upset about not being in the wedding party, you can say, “We’re not having a formal wedding party, but I’d love for you to participate in another way. Your friendship and support mean so much to me.” 2. Enforce a no-plus-one policy “One of the best ways to control your wedding budget is managing the guest list,” says Jane Handel, owner of Jane Handles Weddings. More guests mean more rentals, food, flowers, staff, and stationery. To keep things intimate (and affordable), consider limiting or eliminating plus-ones. If someone asks if they can bring a guest, a polite response is, “We’re keeping our wedding small and aren’t allowing plus-ones, but we’re excited to celebrate with you.” For my own wedding, my spouse and I used a simple rule: if we hadn’t met the person, they weren’t invited. This approach saved us from meeting strangers on our big day, and most friends understood. Plus, having a few unattached guests can add a little intrigue to the evening! 3. Opt for a DJ over a band A live band can certainly elevate the vibe of your wedding, but it’s a costly choice. Quotes for bands can range from $25,000 to $30,000 or more. In contrast, DJs typically cost between $3,500 and $4,000. Plus, bands often come with extra expenses, like stages, lighting, and meals for the performers. If it’s a destination wedding, you may also need to cover their travel and accommodations. DJs are not only more budget-friendly, but they also usually provide the necessary sound equipment for your ceremony and cocktail hour. 4. Skip the traditional wedding cake (and favors) A gorgeous cake is nice but often goes uneaten. Consider going with a smaller display cake alongside a dessert table. A tiered wedding cake can cost over $1,000, while a simple one-tier cake from a local bakery can cost under $100—and might taste better too. You can also combine dessert with wedding favors. “Many guests leave traditional favors behind,” says Marie. A thoughtful to-go snack, like chocolates from a local shop or cookies made from a family recipe, is more likely to be appreciated. Or, you can skip favors altogether. When was the last time you cherished a wedding favor? Exactly. 5. Stick to one location “Having separate venues for the ceremony and reception increases costs,” Ford explains. Not only will you need transportation between locations, but it also adds time—meaning more hours for your photographer and videographer. You’ll also likely need extra flowers, decorations, and sound equipment, all of which can be avoided by using a single venue. 6. Skip the day-after brunch Farewell brunches can end up being a waste. The couple is exhausted, and many guests are too hungover to attend. In fact, 30-50% of guests who RSVP for a post-wedding brunch often don’t show up, according to Megan Grose, the owner of Brindle + Oak in Denver . If you want to say goodbye, let guests know you’ll be at a coffee shop or hanging out in the hotel lobby—but skip the formal event. You’ve already done enough! Final Thoughts It’s entirely possible to have a beautiful, memorable wedding without breaking the bank. By cutting costs where it matters, you can focus on what’s truly important: celebrating your love in a way that’s meaningful to you. Wedding experts agree—avoiding these common financial pitfalls can make your day both memorable and affordable.

The Hidden Cost of Being a Bridesmaid: Why Friends Are Going into Debt for Weddings — And How to Avoid It Being asked to be a bridesmaid is often seen as a testament to the closeness of a friendship. However, what many don’t anticipate is the hefty price tag that comes with it. From dresses and shoes to bachelorette parties, bridal showers, gifts, and travel expenses, the financial demands of being a bridesmaid can be overwhelming. With weddings becoming increasingly extravagant, bridesmaids are finding themselves in debt just to stand by their friend’s side on the big day. The Rising Costs of Being a Bridesmaid According to a 2022 survey by WeddingWire, the average bridesmaid spends around $1,200 per wedding. This figure includes costs such as dresses, hair and makeup, accessories, travel, and events like bridal showers and bachelorette parties. For destination weddings or out-of-town ceremonies, that number can easily double. Another study by Credit Karma revealed that 32% of bridesmaids had gone into debt to fulfill their role. It’s no wonder: with bachelorette parties becoming weekend getaways and bridesmaid dresses costing hundreds of dollars, it’s easy for these expenses to spiral out of control. Why Bridesmaids Are Feeling the Financial Pinch Weddings today are more elaborate than ever before. Many bridesmaids find themselves expected to participate in a wide range of pre-wedding events, each with its own associated costs. Bachelorette parties that once were a night out have evolved into multi-day trips, complete with airfare, accommodations, and group activities. Similarly, bridal showers often require purchasing a gift from a registry, decorations, or even pitching in for the event itself. Furthermore, bridesmaids are usually expected to cover their attire, including the dress (which can range from $150 to $400), shoes, hair, makeup, and sometimes even alterations. Depending on the location of the wedding, travel and accommodations can also add hundreds more to the overall expense. How to Avoid Bridesmaid Debt While it can be difficult to say no to a close friend, it's essential to manage your finances responsibly. Here are a few strategies to help you navigate the financial pressures of being a bridesmaid without going into debt: 1. Set a Budget Early On: Once you know you're going to be a bridesmaid, take time to create a realistic budget that includes all expected expenses, from the dress to travel and gifts. Don’t forget to account for any pre-wedding events like showers and bachelorette parties. Sticking to this budget will help you avoid unexpected costs down the road. 2. Communicate Openly with the Bride: If the costs are starting to add up and become unmanageable, don’t be afraid to have an honest conversation with the bride. Brides often have no idea how much their bridesmaids are spending. Letting her know your financial limits can help avoid misunderstandings. It’s okay to ask if you can opt out of certain expenses, like professionally done hair and makeup or attending a costly bachelorette trip. 3. Suggest Budget-Friendly Alternatives: If you’re on a tight budget, propose more affordable options. For example, instead of buying an expensive bridesmaid dress, ask if you can rent a dress or find one on sale. You can also suggest hosting a low-key bachelorette party locally instead of a destination weekend. Many brides are open to ideas that help make things easier for their friends. 4. Team Up with Other Bridesmaids: Sometimes, pooling resources with the other bridesmaids can help cut costs. For instance, you can split the costs of hosting a bridal shower or chip in together for a group gift. Coordinating with the other bridesmaids can also help reduce stress and create a support system for managing the financial responsibilities. 5. Prioritize the Important Events: You don’t have to attend every single pre-wedding event to be a good bridesmaid. If your schedule or budget doesn’t allow for it, prioritize the events that matter most. While it’s nice to attend the bachelorette weekend or bridal shower, it’s perfectly okay to sit one out, especially if it will help you stay within your budget. The Bride’s Role in Budgeting Costs While bridesmaids bear much of the financial burden, brides also have a role to play in keeping wedding costs under control for their friends. Here are some ways brides can help alleviate the financial stress for their bridesmaids: 1. Consider Less Expensive Attire: Choose dresses that are reasonably priced or give bridesmaids the option to pick their own dresses within a color scheme, allowing them to find something within their budget. Renting dresses or selecting styles that can be worn again are also great ways to save money. 2. Be Mindful of Event Costs: If you’re planning a bachelorette party or bridal shower, think about the financial commitments of your bridesmaids. Try to limit expensive activities and consider local, low-cost alternatives that are just as fun. 3. Keep Communication Open: Talk openly with your bridesmaids about the costs they’ll be expected to cover. Make sure they feel comfortable discussing their budget limitations, and be understanding if someone needs to scale back their participation in certain events. The Bottom Line Being a bridesmaid can be a wonderful experience, but it doesn’t have to come at the expense of your finances. By setting a budget, communicating with the bride, and being mindful of your spending, you can be part of your friend’s big day without going into debt. Brides, too, can help ensure their bridesmaids feel appreciated and supported by keeping costs reasonable and respecting their friends’ financial realities. After all, weddings are about celebrating love, not financial stress.

How to know if you're financially ready to start a family It’s no secret: raising a child can be expensive—sometimes overwhelmingly so. A few years back, a well-publicized report estimated that American parents would spend an average of $233,610 raising a child. A more recent survey found that families spend about $22,000 on child-related expenses like daycare and diapers during their baby’s first year alone. Not only that, but parents typically underestimate these costs by 37%. It’s no surprise, then, that more adults are opting not to have children, with 36% citing affordability as a major factor in their decision. While these numbers may seem intimidating, it's important to remember that there's no precise price tag for raising a child. At the same time, the costs aren't an unsolvable mystery either. If financial concerns are making you doubt your readiness for parenthood, taking a closer look at the numbers might help clarify things. There’s no one-size-fits-all answer, and it’s not just about saving or earning “enough” money. Rather than focusing on hitting a certain number, consider planning out expenses and considering potential lifestyle changes. Consider Your Timeline for Starting a Family Understanding your timeline can help you work backwards to figure out what adjustments you need to make. Some may prioritize finances or career goals, while others might be ready to have children sooner. Some may also consider fertility options like freezing eggs or IVF. If you’re unsure about your timeline, that’s fine, too—but having a general idea can help get the planning started. An important warning: Don't be fooled into thinking homeownership is a prerequisite for having a baby. Buying a home as a requirement to starting a family is one of the biggest myths, when it comes to family planning. If anything, it’s better to wait. Life as a parent is unpredictable, so renting gives you more flexibility. If You Have a Partner, Start Discussing Your Parenting Approach It may seem obvious, but many couples skip over this step. Start with a list of questions—both financial and personal—to discuss before having kids. What aspects of your childhood would you want to recreate for your children? What would you like to avoid? How do you envision spending time as a family—dinners together, vacations, or daily routines? These conversations can reveal how your values may impact your financial priorities. Other key points include deciding where you’d like to live (city vs. suburbs), whether you’ll both work, and how childcare responsibilities will be divided. Even questions about higher education can come into play. While you don’t need to have everything planned out, starting a 529 savings plan for college (or other educational expenses) early on can be helpful. Plan for Childcare and Support When it comes to childcare, consider your options—daycare, nanny, nanny share, or help from family. Each choice comes with its own set of costs, and it’s important to research what’s typical in your area. Talking to parent friends or reaching out to local daycare providers can give you a clearer picture. You’ll also want to think about your support system. Even if family members are eager to help, it’s important to have conversations about what they’re realistically able to commit to. Don’t just assume help will be there—find out what people can actually do. Create a Baby Budget Baby expenses typically fall into three categories: gear (one-time purchases like strollers or cribs), supplies (ongoing costs like diapers and formula), and services (childcare and healthcare). According to many parents, the first category—gear—is where people can save the most. Hand-me-downs from friends and family can be a lifesaver, and you can often find second-hand baby gear in great condition through local parent groups. On the other hand, supplies like diapers and formula are unavoidable expenses, so it’s smart to budget generously. When it comes to healthcare, choose a plan with a low out-of-pocket maximum if you’re planning to get pregnant. Though the monthly premiums may be higher, this can protect you from unexpected medical costs during pregnancy and early parenthood. Evaluate Your Budget Once you’ve created your baby budget, give it a trial run. If you’re planning to take time off work after the baby arrives, try living off one income for a few months and see how it feels. Or if you’re expecting, start setting aside what childcare will cost each month. This helps give you a sense of whether your plan is realistic or if adjustments are needed. It’s worth remembering that having a child isn’t just about adding new expenses; it’s about a whole shift in how you spend money. While child-related costs may increase, other expenses—like dining out or traveling—might decrease. However, your social life might now revolve around free activities like park visits, and you may cook at home much more often. It may seem like a big change, but it can also be a welcome one. Don’t Aim for Perfection—Trust That You’ll Figure It Out If you’re already reading this, you’re on the right track. Trust that your research and planning is evidence that you'll eventually figure it all out. Lastly, keep in mind that many baby expenses are temporary. Formula and diapers are short-term costs, and by age 4 or 5, your child may be in school most of the day, reducing childcare costs. Though the early years can feel financially overwhelming, they pass more quickly than you might expect.

More Life, Less Stuff: How to Live More by Owning Less When was the last time you bought something? Was it a month ago, a week ago, or even just an hour ago? With the ease of online shopping, we often find ourselves making impulse purchases—whether it's a deluxe egg cooker while waiting for the subway, sunglasses on flash sale while in line for coffee, or a hot pink cake stand during a Zoom meeting. These purchases often add up, filling our homes with things we don’t necessarily need. But why do we keep buying? And more importantly, how can we stop? Understanding the Urge to Buy Shopping has become so integrated into our lives that it’s hard to separate need from want. For many, like Elysia Berman, a fashion professional from New York, shopping is more than just a pastime; it’s a way of life. Over time, however, Elysia found herself overwhelmed by the sheer volume of items she had accumulated—six lip balms, two perfumes, multiple hand creams—all things she didn’t really need. Elysia then remembers the moment she realized her shopping was out of control. Last December, she ducked into a store to buy a pair of gloves. But she came out with a $600 coat she didn’t need and couldn’t afford. “ That was my breaking point,” she recalls. This realization led her to join the "no-buy" movement, a growing trend on social media where people commit to not buying non-essential items for a set period, usually 30 days. But for Elysia, a month wasn’t enough; she decided to embark on a no-buy year, which she is currently documenting on her TikTok account . Why Buying Less Matters Reevaluating our consumption habits isn’t just about saving money or decluttering our homes; it’s also about the impact our buying has on the planet. The fashion industry, for example, is responsible for around 10% of global carbon emissions. The fast fashion cycle, where trends come and go in a matter of weeks, contributes to this problem by encouraging the constant purchase of new, often cheaply made, clothing that ends up in landfills. Elysia’s story resonates with many who have found themselves trapped in a cycle of overconsumption. By stepping back and reassessing her shopping habits, she not only saved money but also found a new sense of clarity and purpose. How to Start Consuming Mindfully If you’re interested in buying less and living more, here are seven steps to help you get started: 1. Find a Community: Whether it’s through social media or local support groups, finding a community of like-minded individuals can provide the encouragement and accountability you need. Elysia found great support in the no-buy community on TikTok, where she now shares her journey with over 100,000 followers. 2. Set a Challenge: Not everyone needs to go a full year without shopping. You might try a 30-day no-buy challenge, or perhaps a low-buy month where you stick to a strict budget. Aja Barber, designer and author, suggests creative challenges like buying only second-hand clothes or not purchasing any new dresses for a year. 3. Curate Your Social Media: Our online environment heavily influences our buying habits. Unsubscribe from email lists, unfollow influencers who tempt you to shop, and consider installing blocks on websites that you find particularly tempting. Many people find this step crucial in breaking their shopping habit. 4. Make a "Yes" and "No" List: Identify the areas where you tend to overspend and make a no-buy list. Balance this with a yes list of things you value and want to continue spending on. For Elysia, this included dinners with travel, fresh flowers, and museum tickets—items that genuinely enriched her life. 5. Educate Yourself: Understanding the impact of your purchases can be a powerful motivator. Learn where your clothes come from, how they’re made, and the broader implications of fast fashion. Resources like Fashion Revolution and Labour Behind the Label offer valuable insights. 6. Recalibrate Your Values: Challenge yourself to rethink the value of what you buy. Is it better to have 20 pairs of cheap shoes, or a few pairs of high-quality shoes that will last? Get to know the people and process behind how your clothes are made, which can transform how you view and value your wardrobe. 7. Give Yourself Grace: Change is hard, and it’s important to be kind to yourself during this process. There will be slip-ups—you may end up splurging when you didn't intend to. But instead of feeling guilty, don't be ashamed of the experience, and remember the importance of resilience and self-compassion. The Rewards of Buying Less Choosing to buy less isn’t about deprivation; it’s about making space for the things that truly matter. Whether it’s improving your mental clarity, strengthening your finances, or reducing your environmental footprint, the benefits of mindful consumption are profound. For Elysia, the journey has led to not just a lighter closet, but a lighter mind, and a newfound sense of pride in what she’s capable of achieving. Ready to start your own journey? Whether it’s a no-buy challenge, a low-buy month, or simply a commitment to think more critically about your purchases, the first step is the hardest. But with a supportive community, a clear set of goals, and a little grace, you can make lasting changes that go far beyond your shopping habits.

Why the salaries of the cast of "It Ends with Us" are raising eyebrows among moviegoers The recent success of "It Ends With Us" not only brought in $80 million at the box office but also highlighted significant pay discrepancies among its cast. Blake Lively earned $3 million, while Justin Baldoni, despite being both a director and lead actor, received just $320,000. Here's how much each cast member of "It Ends With Us" was paid: Blake Lively – $3 million Blake Lively earned an impressive $3 million for her role in "It Ends With Us," reflecting her significant involvement in the film's production and star power. Her dual role as an actor and producer highlights the value she brought to the project, making her hefty paycheck well-deserved. Justin Baldoni – $320,000 Many moviegoers were surprised to see such a significant pay gap between Blake Lively and Justin Baldoni, especially since both are major names and contributed heavily to the film's production. Despite being the director and delivering a standout performance as Ryle, Baldoni's pay was nearly ten times less than Lively's. This discrepancy is puzzling, particularly given the drama surrounding the film’s cast. Brandon Sklenar – $300,000 Brandon Sklenar's character Atlas had considerably less screen time than Justin Baldoni's character Ryle in “It Ends With Us,” yet their paychecks were nearly identical. Given that Brandon Sklenar is a relatively new actor without major film credits, his salary befuddled moviegoers in comparison to Justin Baldoni's. Jenny Slate – $250,000 Jenny Slate reportedly earned $250,000 for her role as Allysa in "It Ends With Us," but many believe she deserved more. She delivered a hilarious and heartfelt performance, perfectly embodying Allysa from the original novel, and even elevating the character in the film. She also earned less than Brandon Sklenar, who many fans argued is a less prominent film and TV star than Jenny Slate. Salary Transparency: Why It Matters The disparity between cast members' paychecks underscores the importance of salary transparency. Knowing what your peers earn can provide crucial context during negotiations, helping to ensure that you’re compensated fairly for your work. Whether you’re in Hollywood or any other industry, understanding the market rate for your role is essential.

Why social security income isn't enough for retirement As concerns over Social Security's future grow, recent data reveals that 30% of Americans are betting on these benefits to fund their retirement. A new poll by NerdWallet highlights the stark reality: nearly one-third of U.S. adults lack a retirement account and are depending on Social Security, despite warnings that funds may be depleted by 2035. The Alarming Stats: 31% of Americans don’t have or won’t have retirement savings 30% believe Social Security will provide enough income for a comfortable retirement 46% of Gen Zers and 44% of millennials rely on future Social Security benefits The average Social Security retirement benefit is just $1,907 per month, totaling less than $23,000 annually. With approximately 67 million recipients—one in five U.S. residents—this income is already modest. However, the bigger concern is that Social Security's trust fund reserves might run out within the next decade, leading to potential cuts in benefits. Although experts and advocates are urging Congress to take action to secure Social Security’s future, any reform is likely to be politically challenging, with potential tax increases on the table. Despite the complexities, securing the program’s sustainability is essential for millions of Americans who rely on it for their retirement. If you’re among the 30% relying solely on Social Security, it’s crucial to diversify your retirement strategy. Consider opening a retirement account, investing wisely, and exploring other income streams to ensure a more secure financial future.