Money Musings: the BIGGEST money move

Money Musings 💭 the BIGGEST money move 💵

I’m sure you are all very aware that November 3rd is Election Day. It’s almost time to cast our votes! 📫

Voting is how we make sure our values are reflected in the way our government is run. And regardless of what the polls are saying, we need to show up for this most important civic duty. PLEASE please please - vote! 

Why am I messaging you about this a month early? The deadline to register is fast approaching. If you have not yet registered to vote, it’s time to get on it. Here are the deadlines for each state. 

Not sure if you’ve registered? You can check here

Even more, encourage friends and family to register as well. There’s nothing like a little nudge (a friendly reminder text goes a long way!) to make sure we follow through. You can even forward them this email. 

For those who are voting by mail, make sure to get your ballots in early.

If you’re anxious and eager about upcoming elections, check out Vote Save America to see all of the things you can do (from home!) to make a difference this November.

Tomorrow, October 1st, is Native Women’s Equal Pay Day. Native Women earn $0.57 for every $1 a white, non-Hispanic man earns. That means Native Women have to work nine additional months into the year to earn what a white man earned during the previous year. 

Closing the tremendous pay gaps and wealth gaps BIPOC and womxn face will take major systemic changes. Changes that come from policy, leadership and our institutions. These changes start with our vote! ✊

MONEY MOVE OF THE WEEK

Put together your holiday budget. No, I haven’t lost it. I know it’s September and that the holidays might be the furthest thing from your mind. BUT the farther in advance we start setting aside money for something, the easier it is on us financially (yes, please! 🙋‍♀️). We can do this by using sinking funds. Planning ahead for holiday spending now, will make it a lot less stressful. If you aren’t a holiday spender, think ahead to your spendy-ist times of year and plan for those. How much do you want to spend? Let’s say you plan to spend $1,000 during the holidays on gifts, a festive outfit and extra Lyfts home after holiday parties. You count and have four paychecks until you need the cash. You’d want to set aside $250 per paycheck into your online savings account.

YOU GOTTA SEE THIS

Our favorite socially responsible banks. ICYMI, I wrote an article on why it matters where we bank. One of the reasons is that banks use the funds we deposit to invest and lend money, and many are supporting industries and organizations that contradict our values. By switching to an ethical, green or socially responsible bank we make a vote with our values every single day. 

Once you’re ready and excited to make the switch to a socially responsible bank, the next logical question is “which one?” We’ve done the research for you and outlined our favorite socially responsible banks. I called up each one on the list (anonymously) to verify all the information and test out their customer service.

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