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July 27, 2018

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An NFT, or non-fungible token, is a code that says An NFT, or non-fungible token, is a code that says you own a unique digital item. They first hit the market around 2015, but their popularity has recently exploded. To understand NFTs, it’s important to first know the difference between fungible and non-fungible things: ➡️Fungible: You can easily count and interchange it. For example, you can trade two $5 bills for one $10 bill and end up with the same amount of money. ➡️Non-fungible: Completely unique and isn’t interchangeable. Anyone can download and frame a picture of the Mona Lisa, but there’s only one original painting. The unique nature of an NFT—and the scarcity that comes with it—is part of what makes them so popular (and expensive). Many experts believe that in the future we could use NFTs for almost anything, from event tickets to passports. That’s because it’s really easy to verify ownership on the blockchain and really hard to forge or change the owner (without their permission). Swipe up in today's stories to learn more about NFTs, like how to buy + sell them and more.
Though the term sounds pretty gross (and like some Though the term sounds pretty gross (and like something you reach when you eat too many nachos), this term actually refers to the point when an investor sells their asset, even at a loss, because they can’t stomach its falling value anymore. These assets could be stocks, bonds, real estate, etc. Have you ever reached your own "puke point" before? Share with us below!
Have you ever done a balance transfer? Balance tra Have you ever done a balance transfer? Balance transfers are a way to move what you owe on one (or more) credit cards and loans onto another credit card. It’s a strategy people usually use to take advantage of a low interest rate on a new card—typically so that they can save on interest and pay off their balances faster. People typically use balance transfers for two main reasons: 1. To save on interest — Balance transfer cards may offer promotional interest rates (of as low as 0%) for a set introductory period. If you have high interest rate credit cards or loans, shifting them could help you save money while you pay them off or even pay them off faster. 2. To consolidate accounts — It’s complicated to keep track of multiple accounts, multiple bills and multiple due dates. By moving the balances of multiple credit cards or loans to a single account, you only have to deal with one monthly payment. Do you think this might be something right for you? Swipe up in today's stories to learn a few top things to consider before you take the leap, as well as a detailed breakdown of the process and more.
The truth? If you don’t borrow more than you can The truth? If you don’t borrow more than you can afford and stick with low-interest debt, it can actually help you achieve your goals. Whether a debt is considered “good” or “bad” generally depends on the interest rate and whether you’re taking on the debt in order to make a smart investment. Just be careful, because debt can pile on quickly - particularly if it’s racking up interest at a high rate. Share your experience with debt below, and if taking it on to achieve a financial goal has been a smart decision for you!
Like many good habits, saving more money is easier Like many good habits, saving more money is easier said than done. Once you’ve gotten into a spending routine, you may find yourself running on autopilot when it comes to monthly expenses (and splurges). But just like changing other habits, changing your saving patterns is in fact possible. With a sense of commitment, a few lifestyle tweaks, and a little creativity, you’ll find yourself kick-starting your savings and making progress to your money goals in no time. In addition to identifying ways to simply spend less, consider whether boosting your income or refinancing loans is right for you, and try setting yourself some short-term savings challenges. Swipe up in today's stories to learn some more of our top tricks when it comes to saving. And share your own favorite savings tips below! 💵✨
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